by Jibran Munaf | October 23, 2024 | Economy
Bank of America CEO Brian Moynihan has advised the Federal Reserve to take a cautious approach in reducing interest rates, warning that a swift pace could be detrimental. Speaking in Sydney during his first visit to Australia, Moynihan said, “They were late to...
by Jibran Munaf | October 23, 2024 | Finance
Morgan Stanley is advising investors to maintain their focus on cyclical stocks as earnings season unfolds, with results in this sector consistently surpassing expectations. According to the bank’s analysts, cyclical stocks—those that follow the broader economic...
by Jibran Munaf | October 23, 2024 | News
India’s Supreme Court has overturned a tribunal order that permitted Byju’s to settle its debts with a domestic creditor, pushing the embattled online education platform closer to insolvency. The ruling deals a blow to Byju’s founder, Byju Raveendran, and places...
by Jibran Munaf | October 23, 2024 | Commodities, Energy
Oil prices retreated as traders focused on a potential rise in U.S. crude inventories and the Biden administration’s diplomatic efforts to broker a cease-fire in the Middle East. Brent crude edged closer to $75 per barrel after rallying over 4% in the previous...
by Jibran Munaf | October 23, 2024 | Market Analysis & Commentary, Markets
As Election Day nears on November 5, 2024, Donald Trump’s company, Trump Technology and Media Group (DJT), has become a proxy for betting on the presidential race. If Trump wins, DJT is expected to grow into a central hub for the president’s activities via...
