WASHINGTON (Reuters) - The U.S. Federal Reserve bought $428 million in bonds of individual companies through mid-June, making investments in household names like Walmart and AT&T as well as in major oil firms, tobacco giant Philip Morris International Inc, and a utility subsidiary of billionaire Warren Buffett's Berkshire Hathaway holding company.
Stocks opened sharply higher on Friday, but then lost those gains by mid-afternoon
Telecom stocks are expected to remain active today as the Supreme Court will hear the AGR matter later in the day
The pledge to keep monetary policy loose until the US economy is back on track repeats a promise made early in the central bank's response to the coronavirus pandemic
The tech-heavy Nasdaq, by contrast, hit a record high for the fourth straight session, with gains for Apple Inc, Amazon.com Inc and Microsoft Corp driving rally
Stocks in the BSE 500 universe account for nearly 93 per cent of India's market capitalisation.
In terms of corporate results, some heavyweight names will announce their March quarter results today and their impact will be well beyond their individual stocks
Big tech companies provided the biggest lift to the S&P 500 and the Nasdaq,
According to a Business Standard report, the Centre is considering a proposal to guarantee Rs 3 trillion of loans to small businesses as part of a plan to restart economy
In the first part of a series, the authors argue the means must be found to avert potential economic and social collapse post-Covid
Starting today, automobile companies will starting releasing sales numbers for March. According to a Business Standard report, these auto sales for the month could see a 50 per cent YoY
The new facility will offer "support for the flow of credit to households and businesses" by ensuring the $3.8 trillion money market mutual fund industry can sell its holdings of US Treasury bonds
The Reserve Bank of India's decision to leave interest rates unchanged for now will also impact sentiment
Gold and silver rise sharply on safe-haven appeal in a global economy prone to more downside risk
Chris Conkey, chief investment officer of Manulife Investment Management, in conversation with Jash Kriplani shares his outlook on India, emerging markets and how India can benefit from trade war
In a career that spanned more than half a century, Volcker became a one-man economic cleanup crew
The minutes also showed that policymakers further discussed the possibility of setting up a standing repo facility in the wake of recent ructions in short-term money markets
The Fed cut interest rates last month for the third time this year to shield the economy from uncertainty over trade and weaker global growth
The Fed's policy-setting Federal Open Market Committee lowered the policy interest rate by 25 basis points to a target range of 1.75 to 2.0 per cent
The Fed cut rates last month for the first time in a decade and signalled it was open to doing more amid slowing global growth