top of page
Long-time Chief Executive Officer Ben Silbermann of Pinterest would step down, handing over the reins of the social media platform to Google...

Stock Market

Google executive to take over as a new CEO of Pinterest

Top accounting firm Ernst & Young has been slammed with a record $100 million fine from the US government...

Stock Market

Accounting firm gets 100 million fine for faulty regulations

The Indian rupee slipped into a fresh low today and extended losses against the US dollar.


The rupee tumbled to a new low against the dollar in the midst of an increase in crude oil price

Wall Street saw a sharp fall at its closing in a broad sell-off. Consumers' worries over recession have sparked up...

Stock Market

Wall Street Lose Balance after recession strikes growth fear among consumers’

Soaring inflation may be pushing the US economy into a deep recession. Last week's 0.75% interest rate hike by the Federal Reserve...

Stock Market

Inflation ringing the recession bell - Mohammed Shaheen


15 Nov 2021

Gold Edges Down but Remains Above $1,800

The Index Today

Gold slipped down after a five-month high on Monday morning in Asia. Gold futures dropped 0.51% to $1,859.05 by 11:01 PM ET. However, it still managed to stay above $1,800 whereas the dollar fell slightly but remained close to its 16-month high.

The Federal Reserve remains steady on elevated inflation and points towards the fact that it is temporary. Janet Yellen, U.S Treasury Secretary has said that inflationary pressures can be managed effectively by controlling covid infection rates across the nation.

In other news, inflation is expected to remain slower in the Eurozone due to increased supply chain bottlenecks. Policymakers have warned that central banks should not rush to cancel economic stimulus programs just yet. According to Reuters poll, opinions remain split as The Bank of England will become the first bank in Europe to introduce interest rate hikes by end of this year or early next year.

Clay pottery with table linens
bottom of page