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10 things you need to know before the opening bell on June 23

Posted on Posted in Business by 25 views

The Indian market is likely to open higher on Wednesday following a mixed trend in Asian peers. At 8:02 am, the SGX Nifty was trading 124 points or 0.79 percent higher at 15,881, indicating a positive start for the Sensex and Nifty50. 1. Wall Street: Stocks finished higher on Wall Street Tuesday, nudging the S&P…

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US May inflation sees biggest 12-month inflation spike since 2008: Decoding the key highlights

Posted on Posted in Business by 37 views

The US economy’s rebound from the pandemic has pushed its May inflation reading to a 12-year high.  The American consumers absorbed another surge in prices in May — a 0.6 percent increase over April and 5 percent over the past year, the biggest 12-month inflation spike since 2008. Reason: Central bankers slated…

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