Wall Street: US stocks fall sharply, Dow tumbles 1,100 points
Posted on by
US stocks witnessed a sharp decline. The Federal Reserve cut interest rates for the third time this year. The Fed hinted at fewer rate cuts in 2025 than previously expected. Investors reacted negatively to this news. Bond yields increased, adding pressure on stocks. Smaller companies were hit particularly hard. Global markets showed mixed reactions to the Fed’s decision.
Sharnam Jewels Limited, a Surat-based jewel firm, is being investigated by the Enforcement Directorate for allegedly making illegal outward remittances exceeding Rs 4,000 crore.
The ministerial panel on GST rationalisation has discussed proposals for adjusting rates on over 100 items and merging the 12% and 18% slabs. The fitment […]
Following Donald Trump’s re-election, Federal Reserve Chair Jerome Powell affirmed the central bank’s independence, stating that he would not resign if asked and emphasizing that […]
