As Republicans in Congress sort out their giant tax cut and spending bill, one of the ideas floating around to save some money is to have the Federal Reserve stop paying interest.
For context, one thing the central bank does is act as a bank for banks. And like a commercial bank pays interest on its clients deposits,
» Read more about: Would ending Fed interest payments on bank reserves save the government money? »
Stock futures were falling early Friday after Israel launched an attack on Iran’s nuclear program and military leadership, ratcheting up geopolitical tensions in the Middle East.
Futures tracking the Down Jones Industrial Average plummeted 531 points, or 1.2%. S&P 500 futures dropped 1.3%, and contracts tied to the Nasdaq 100 tumbled 1.4%.
» Read more about: Stock Market News: Dow Set to Open Down after Israel Attacks Iran »
US stock futures tumbled on Friday as an Israeli attack on Iran’s nuclear program sites shook global markets, leading oil prices to spike amid fears of a new Middle East war.
Dow Jones Industrial Average futures (YM=F) dropped 1.1%, easing slightly from sharper gains in the aftermath of the strikes.
Mutual funds (MFs) emerged as prominent buyers in the month of May, stepping up as buyers at a time of heavy stake sales by promoters and foreign institutional investors via block and bulk deals.
According to data from ACE Equities, domestic mutual funds have invested over Rs 29,000 crore last month via block deals.
Ambuja Cements Ltd, Adani Ports & Special Economic Zone Ltd, Adani Green Energy Ltd, Adani Enterprises Ltd (AEL) and Adani Power Ltd are some of the Adani group stocks that saw mutual funds upping stakes in May. ACC Ltd saw MFs trimming stake in the month gone by.
Indian stock market has emerged as the top-performing globally, significantly outpacing both developed and emerging market peers over short and long-term horizons, according to the June 2025 Monthly Market Outlook by Bandhan Mutual Fund.
For the three-month period ending May 2025,
Stock Market Today: Torrent Power share prices gained in the morning trades on Friday despite stock market crash, led by a large order win. Torrent power announced receiving order for setting up of Wind power project, boosting its renewable portfolio.
Torrent Power on Thursday,
