After slipping to Rs 93,080 on May 12 from Rs 96,416 per ten gram (999 purity) on May 9, physical gold prices rose to Rs 94,344 at 6 pm on May 13, as per the India Bullion and Jewellery Association (IBJA).
Odds of an interest-rate cut through July perked up after the April CPI came in cooler than expected.
Traders see a 42.6% chance of at least one quarter-point cut through July, which was up from 38.6% prior to the report, according to the CME FedWatch Tool. Odds of a cut through September were up slightly at 80.7% from 79.5% prior to the report.
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The stock market’s rally continued on Tuesday after the consumer price index for April was better than feared despite headaches caused by the White House’s on-again-off-again tariff policy.
The S&P 500 was up 0.1%. The Nasdaq Composite was up 0.3%. The Dow Jones Industrial Average was down 151 points,
» Read more about: Stocks Are Rising After CPI Report. UnitedHealth Drags on the Dow. »
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Inflation rates slowed to 2.3% in April, with cheaper oil and lower egg prices helping.
Renewable energy stocks are under pressure this morning after a series of earnings misses.
» Read more about: Stock Market Live May 13: Egg Prices Down, S&P 500 (VOO) Up »
CANADA – 2025/01/28: In this photo illustration, the Broadcom logo is seen displayed on a smartphone … More
SOPA Images/LightRocket via Getty Images
Although Broadcom Inc. (NASDAQ: AVGO) has seen an approximate 4% decline year-to-date,
» Read more about: What's Behind The 300% Rise In AVGO Stock? »
The Bangladesh Export Processing Zones Authority (Bepza) has secured investments totaling $480 million from 32 local and foreign companies in the 2024-25 fiscal year across the EPZs and the BEPZA Economic Zone (EZ), reaffirming its pivotal role in driving Bangladesh’s industrial growth.
As part of this significant investment drive, Bepza today (13 May) signed a lease agreement with M/s Qingdao Dongfang Packaging Technology Limited,
» Read more about: Bepza attracts $480m investments in FY25 »
High net-worth investors (HNWI) are actively maximizing diversification in their portfolios beyond traditional stocks and bonds. Alternative investments are a significant area of focus. This includes inquiries about private equity, venture capital, private credit, real estate, hedge funds,
» Read more about: Maximizing Diversification With Alternative Investments For Stronger Portfolios »
Chief Justice of India Sanjiv Khanna, who retired on Tuesday, said he would not take up any government or official post after stepping down from the top judicial position. However, he hinted that his work in the field of law may continue in some form.
“I will not accept any post-retirement post …
Rachael Blackmore announced her racing retirement on Monday to bring to an end an illustrious career in the sport.
The Irish jockey was a trailblazer throughout a competitive career which saw 575 winners from 4,566 races ran.
Her retirement at 35 was unexpected for many but she believes she is heading off into the sunset when the time is right.
» Read more about: Rachael Blackmore’s future plans after shock retirement decision »