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Foreign selling drives won to 16-year low
7+ min ago (990+ words) Business Foreign selling drives won to 16-year low Published: June 7, 2026 - 16: 00: 16 Updated: June 7, 2026 - 16: 01: 24 Currency breaches 1, 560 per dollar for first time since 2009 as capital outflows outweigh strong exports, authorities' warnings The Korean won briefly breached the 1, 560-per-dollar level in overnight trading Friday,…...
Will the S&P 500 crash next week and what should you do about it?
13+ min ago (709+ words) The S&P 500 plunged on Friday and investors may be dreading more volatility next week. Harvey Jones suggests it might also be an opportunity. You may have seen the alarming headlines around the S&P 500 index. On Friday (5 June), the…...
Business News | India Can Grow over 8% Despite Oil Shocks, Crude Impact Overblown in Narrative: Neelkanth Mishra
18+ min ago (62+ words) Get latest articles and stories on Business at Latest LY. India' s growth momentum remains strong and fears that crude price shocks will derail it are a " narrative problem, not reality, " said Neelkanth Mishra India' s newly appointed…...
Strong U. S. Jobs Report Lowers Recession Risks Despite Wage Growth Lagging Inflation
1+ day, 4+ hour ago (84+ words) Gene Sperling, President of Sperling Economic Strategies and former director of the National Economic Council, discussed the recent U. S. jobs report, highlighting that the headline numbers were stronger than expected and suggest a low likelihood of recession despite ongoing geopolitical and…...
US economy adds 172, 000 jobs in May as Fed holds rates at 3. 5%-3. 75%
1+ hour, 5+ min ago (392+ words) The blowout jobs report more than doubled expectations, reshaping market bets on rate hikes and putting pressure on risk assets including crypto. The US labor market just did something Wall Street didn't see coming. The Bureau of Labor Statistics reported…...
Households face higher costs as ECB set to raise rates
1+ hour, 9+ min ago (716+ words) European Central Bank President Christine Lagarde is widely expected on Thursday to announce a 0. 25% rise in the ECB's interest rate, bringing it up to 2. 25%. This will be a major turning point with significant implications for consumers and businesses as the…...
US Financial Conditions Index falls to -1. 75, lowest in 2. 5 years
1+ hour, 52+ min ago (189+ words) The index has eased by 0. 80 points since March, signaling looser credit conditions even as inflation risks quietly build in the background. Money is getting cheaper to borrow, credit is flowing more freely, and Wall Street's stress levels are dropping. The…...
India News | Increase in India Much Lower as Compared to Other Countries: Bihar BJP Chief on LPG Cylinder Price Hike
2+ hour, 28+ min ago (154+ words) Get latest articles and stories on India at Latest LY. Speaking to ANI, Saraogi credited Prime Minister Narendra Modi' s leadership, adding that due to his global outreach and India' s foreign policy, the rates of gas have increased less…...
Chinese banks raise dollar deposit rates to counter yuan strength
2+ hour, 39+ min ago (361+ words) At least five Chinese banks have boosted USD deposit rates to discourage companies from converting dollars into yuan, marking a sharp reversal from policies just months earlier. Chinese banks are paying more to hold your dollars. At least five institutions,…...
Federal Reserve's reverse repo facility drops to $761 M as liquidity drains toward risk assets
3+ hour, 27+ min ago (329+ words) Only five counterparties parked cash with the Fed on June 5, continuing a dramatic collapse from the facility's $2 trillion peak. The Federal Reserve's Overnight Reverse Repurchase Agreement facility, once the preferred parking lot for trillions in excess cash, processed just $761 million…...