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

18 Feb 2022

Shares Climb as Gold Dips amid Possible Ukraine-Russia Negotiations

The Index Today

Stock futures in Europe and the U.S. rebounded on Friday amid potential diplomatic talks between the U.S. and Russia, paving the way for possible resolution of the geopolitical tensions between the latter and Ukraine.

As a result, S&P 500 futures Esc1 and Nasdaq futures NQc1 surged by 0.7% and 0.8% respectively. FTSE futures FFIc1 edged higher by 0.4% while Euro Stoxx 50 futures rose 0.45%.

The U.S. State Department issued a statement saying that the Secretary of State, Anthony Blinken will be meeting Russia’s Foreign Minister Sergei Lavrov next week, as long as the latter abstains from attacking Ukraine.

As per IG Markets analyst Kyle Rodda, "it's better news than what we had yesterday.” However, he warned that negotiation does not always guarantee peace and that “the troops are still on the border, so risks remain."

Clay pottery with table linens