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BENGALURU: The Thai baht surrendered early gains on Thursday after the commerce minister called for a weaker currency to bolster exports, while the Philippine peso lagged regional peers over mounting political uncertainty in the Southeast Asian country. Overall, Asian currencies gained on a weak dollar while equities fell. Thailand’s currency fell 0.3% to 32.825 per US dollar after rising 0.5% earlier in the day. Equities in Bangkok traded 0.3% lower. Pichai Naripthaphan, the country’s commerce minister, said he wanted a weaker baht to support exports and that a level of...

May 22, 2025 10:33 PM ISTUS Stock Market LIVE Updates: Solar Power Stocks Plunge as GOP House Bill to Gut SubsidiesInvestors of clean-power stocks are running for the exits after a massive tax and spending bill that would gut former President Joe Biden’s landmark climate law narrowly passed the House of Representatives.   The bill now moves to the Senate, where some lawmakers are skeptical of provisions that would end subsidies for green energy years earlier than planned. But even as some Wall Street analysts suggested a final bill isn’t...

US Stock Market Live: Wall Street saw one of its most brutal selling sessions overnight in over a month as rising deficit worries led to a spike in bond yields, which in turn hit sentiment around equities. The run-up seen from lower levels also was a big factor in investors choosing to take money off the table as uncertainties rose. Watch this space for all the live updates.US Stock Market Live: Wall Street saw one of its most brutal selling sessions overnight in over a month as rising deficit worries...

MUMBAI: The Indian rupee weakened on Tuesday as dollar bids from foreign banks, likely on behalf of custodial clients, and a softer Chinese yuan outweighed positive cues from broad weakness in the greenback. The rupee closed at 85.6350 against the US dollar, down about 0.3% on the day. Asian currencies were mixed on the day while the offshore Chinese yuan dipped lower after China cut key benchmark lending rates and corporate seasonal demand for dollars remained high. A fall in local equities also weighed on the rupee, with traders pointing...

US Stock Market Highlights: The S&P 500 closed higher, marking a five-session winning streak with a 5.3% weekly gain. The Nasdaq rose 0.52%, up 7.2% for the week, led by tech stocks amid easing US-China trade tensions.US Stock Market Live: The S&P 500 closed higher on Friday, extending its winning streak to five sessions and posting a strong weekly gain of 5.3%. The Nasdaq Composite rose 0.52% to end at 19,211.10, surging 7.2% for the week, while the Dow Jones Industrial Average added 331.99 points, or 0.78%, to finish at...

US Stock Market Live: The Dow Jones opened lower but rose 50 points. S&P is up 11 points, and Nasdaq is up 50 points. Stocks gained as bond yields fell, but Fed chair warned rates may stay high. Trump announced major FDI.US Stock Market Live: The Dow Jones Industrial Average has opened Friday's trading session on Wall Street in the red, trading 80 points lower, before it ticked up into the green, rising 50 points. Meanwhile, S&P is marginally up, 11 points, and the Nasdaq Composite Index is up 50...

Rupee gained 1 paisa to settle at 85.53 (provisional) against the US dollar on Friday, helped by strong foreign institutional investor (FII) inflows and a slight drop in the dollar index. However, the rupee’s rise was limited due to higher Brent crude prices, weak domestic equity markets, and data showing India’s trade deficit widening in April, forex traders said. At the interbank foreign exchange, the rupee started strong at 85.28 and moved between 85.28 and 85.70 during the day. It finally closed at 85.53, up just 1 paisa from Thursday’s...

US Stock Market Live: Futures on Wall Street are trading with gains indicating a positive start for Wall Street on the final trading day of the week. The Dow futures are up 150 points, while the S&P 500 and Nasdaq futures are up 15 points and 50 points respectively. Stocks had received a boost on Thursday as bond yields fell in anticipation of more rate cuts from the US Federal Reserve, after some disappointing macro data. Watch this space for all live updates.US Stock Market Live: Futures on Wall Street...

US Stock Market Updates: The S&P 500 climbed 0.72% to close at 5,886.55 on Tuesday (May 13), recovering into positive territory for the year as easing US-China trade tensions lifted investor sentiment for a second straight session. The tech-heavy Nasdaq Composite outperformed, jumping 1.61% to end at 19,010.08, powered by strong gains in chip stocks. However, the Dow Jones Industrial Average slipped 269.67 points, or 0.64%, weighed down by an 18% plunge in UnitedHealth shares.US Stock Market Updates: The S&P 500 climbed 0.72% to close at 5,886.55 on Tuesday (May...

The CEO of fixed-income giant Pacific Investment Management Company (PIMCO) is expressing optimism on the future of the US and the dollar in the global financial system. PIMCO CEO Emmanuel Roman says in a new Bloomberg interview that he believes America will maintain its position as the world’s safe haven despite concerns about its eroding balance sheet and Trump’s trade war. According to Roman, the US owns the world’s reserve currency, and there’s no viable currency that could usurp the dollar. “And will remain as the place of safe haven…...