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.

Forex

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

Stock Markets

26 Jan 2022

NASDAQ Futures Surge by 2% Post Booming Microsoft Reports amid Anticipation of Fed Policy

The Index Today

On Wednesday, U.S. stock futures edged higher following a two-day period of rough trades. Bullish revenue reports from Microsoft helped inform the surge while investors look to the Fed for an update on upcoming interest rate hikes.

Microsoft Corp inched up by 3.9% during the premarket session. Texas Instruments Inc. soared by 4.6% after its forecast surpassed its current quarter earnings data.

The positive outlook from both companies spurred the rise of tech stocks with Alphabet, Microsoft Corp, Apple Inc., Amazon.com, Nvidia Corp, and Advanced Micro Devices soaring between 2.1% and 3.7%.

This comes in the wake of tech and growth stocks turning tumultuous due to tightening Fed policy aimed at countering pandemic-induced inflation. Increasing geopolitical tensions between Russia and Ukraine have also contributed to the period of turbulence.

©Photo: Financial Times

Clay pottery with table linens
bottom of page