Page 2 - Powell Speech News Today

The help was needed given profits at Chinas industrial firms fell 6.7% in July from a year earlier, extending this years slump to a seventh month. Chinese blue chips shed 2% last week to hit its lows for the year so far, and all eyes will be on the official PMI for August out on Thursday. MSCIs broadest index of Asia-Pacific shares outside Japan firmed 0.2%, having eked out minor gains last week to break a three-week losing streak.

Meanwhile, the Peoples Bank of China set a much stronger-than-anticipated official mid-point for the yuan - something it has done every day this week - to keep a floor under its currency amid the strains from a robust dollar and a sputtering economy.

Fed Speech Today: Fed Chair Powell says rates may increase further if necessary due to risks of reaccelerating inflation.

A market rally attempt gained momentum, until Thursday's ugly reversal despite blowout Nvidia earnings. Fed chief Jerome Powell was hawkish Friday. The post…

Five things you need to know before the market opens on Monday August 21: 1. -- Stocks bounce higher, Treasury yields extend run, as markets track Fed, China…

For six weeks this summer, South Carolina State University’s William C. Lewis Building is home to about 35 young campers who are having a great time while practicing their oral

Wall Streets main indexes closed with slight gains in a shortened session, boosted by Teslas surge and strong performances from bank shares. Teslas shares rose 6.9% after the company announced record vehicle deliveries in Q2. Major banks also saw gains as they raised dividends following the Federal Reserves health check. However, trading volumes were lower than average ahead of the July 4th holiday, indicating cautious market sentiment. The Dow Jones Industrial Average rose 0.03%, the S&P 50...

Investors are wary of making big bets before Powell speaks, and contracts on the S&P 500 rose about 0.3%, after the underlying gauge closed flat Monday

As of 12:40, Sensex is trading down 500 points or 0.9% to 60,237 points, whereas Nifty gave 150 points or 0.9% to 17,950 points and Bank Nifty erased 480 points or 1.1% to trade near the 42,100 level

Get latest articles and stories on Business at LatestLY. TCS, among the Nifty 50 companies, was the top loser this morning. It declined over 2 per cent. Analysts attribute the decline to less-than-estimated earnings during the October-December quarter. Business News | Indian Stocks Give Up Mondays Gains; Fed Chiefs Speech in Focus.