Fed's Kashkari opposed to rate hikes at least through 2023

Minneapolis Federal Reserve President Neel Kashkari said on Friday he wants to keep the U.S. central bank's benchmark short-term interest rate near zero at least through the end of 2023 to allow the labor market to return to its pre-pandemic strength. Kashkari's remarks show he's in a decided minority in an increasingly hawkish Fed, which on Wednesday wrapped up a […]

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Sensex rises over 200 points in early trade, Nifty tests 15,750

ONGC was the top loser in the Sensex pack, shedding over 2%. Equity benchmark Sensex jumped over 200 points in early trade on June 18, tracking gains in index-heavyweights Infosys, HDFC twins and ICICI Bank amid a largely positive trend in global equities. The 30-share BSE index was trading 220.53 points or 0.42% higher at 52,543.86 in initial deals. Similarly, […]

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U.S. stock futures dip slightly after Fed forecasts rate hikes in 2023

Stock futures dipped slightly in overnight trading after the Federal Reserve raised inflation expectations and forecast rate hikes as early as 2023. Futures on the Dow Jones Industrial Average fell 63 points, or 0.19%. S&P 500 futures edged 0.25% lower and Nasdaq 100 futures shed 0.35%. U.S. stocks fell during Wednesday's regular session after the Fed's initial statement and economic […]

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Cathie Wood’s ARK Invest Sells Over 225,000 Shares of Takeda Pharma

One ARK Invest exchange-traded fund run by ETF star Cathie Wood sold over 225,000 shares of Takeda Pharmaceutical Co. Ltd. (NYSE: TAK) on Tuesday, as the share price of this fund traded down over 2% in the day’s session. The fund’s share price has greatly improved over the past year. ARK Genomic Revolution ETF (NYSEARCA: ARKG) sold 228,234 shares of […]

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US consumer prices keep going up

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. London (CNN Business)Signs of rising inflation around the world are keeping investors on edge. But in some corners of markets, pressure is easing, raising hopes that Peak Fear may have passed and central banks will be confident […]

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Bitcoin price holding steady above $40,000

Is the Bitcoin bullish streak over? CoinShares chief strategy officer Meltem Demirors and Defiance ETF CIO Sylvia Jablonski on the latest headlines surrounding Bitcoin and cryptocurrencies.  Bitcoin was trading around 0.1% lower on Wednesday morning. The price was around $40,237 per coin, while rivals Ethereum and Dogecoin were trading lower at around $2,537 and 31 cents per coin, respectively, according […]

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Cathie Wood’s ARK Invest Buys for 6\/15

The broad markets pulled back on Tuesday as all the major averages saw a drop on the day. ARK Investors felt the sting too, as the whole family of ETFs posted a loss on the day. ARKX performed the best out of the group, down about 0.4%, while ARKK lagged the rest of the group down around 2.7%. The gains […]

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How Warren Buffett’s Q1 Stock Picks Are Performing

With just a couple of weeks remaining in the second quarter of this year, it’s worth taking a look at the five stocks in which Warren Buffett added to Berkshire Hathaway Inc.’s (NYSE: BRK-B) stake in the first quarter. Buffett added to his stake in RH Corp. (NYSE: RH), formerly known as Restoration Hardware, a high-end retailer of home goods. […]

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What to watch today: Stocks look steady after inflation data, ahead of Fed meeting

U.S. stock futures were flat Tuesday after a hotter government report on wholesale prices, which could stoke inflation fears. Following last week's spike in consumer prices, investors will be awaiting signals from the Federal Reserve on its inflation tolerance when the two-day June meeting of central bank policymakers ends Wednesday. (CNBC) Against that back drop, the Nasdaq started the week […]

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