Wall Street: Wall Street Week Ahead: Stock market’s record-setting rebound may have further to go

Wall Street: Wall Street Week Ahead: Stock market’s record-setting rebound may have further to go

A rebound that has taken the U.S. stock market to record highs this week may have further to run, if history is any guide. Fresh signs of a cooling economy calmed inflation worries in May, helping all three major U.S. stock indexes rise to records this week. The benchmark S&P 500, which fell over 4% … Read more

Bitcoin’s back… what’s behind the rebound

Bitcoin’s back… what’s behind the rebound

Bitcoin just hit a record high of about $69,000, surpassing the peak it scaled in late 2021. It is back in the spotlight after the crypto industry persevered through two years of scandals. Bitcoin’s price has risen more than 300% since Nov 2022, a resurgence that few predicted when the price dropped to $16,000 that … Read more

Investors become richer by Rs 4 lakh crore as markets bounce back after three-day fall

Investors become richer by Rs 4 lakh crore as markets bounce back after three-day fall

NEW DELHI: With a rebound in equities after a three-day fall, investors‘ wealth climbed Rs 4 lakh crore on Friday, mirroring optimism in global markets. The 30-share BSE Sensex jumped 496.37 points or 0.70 per cent to settle at 71,683.23. During the day, it rallied 708.78 points or 0.99 per cent to 71,895.64. Following the … Read more