The Daily

The European Central Bank (ECB) raised interest rates by a further quarter point (0.25 per cent) on Thursday as conflict in the Middle East stoked a fresh surge in energy prices.Policymakers also signalled they were ready to lift borrowing costs again if the inflation outlook does not improve.“The outlook remains highly uncertain, with risks to the upside for inflation and to the downside for economic growth,” they said,

 » Read more about: Mortgages in the firing line as ECB increases interest rates by 0.25 percentage points  »

A home loan is a long-term financial commitment, and the interest rate plays a major role in determining how much that commitment will cost over time. It affects both your EMI and the total interest payable across the tenure.Before you apply for a home loan, understanding how interest rates are determined, what influences the rate offered to you,

 » Read more about: Home Loan Interest Rate: Key Factors To Consider Before You Apply  »

US stock futures were largely subdued on Thursday, September 10, as investors awaited the August producer price index (PPI) for fresh clues on inflation and the outlook for interest rates. Futures tied to the S&P 500 were up 0.1%, while Dow Jones Industrial Average futures gained 99 points, or 0.2%. Nasdaq-100 futures were down 0.4%,

 » Read more about: US Stock Futures: S&P 500, Dow edge higher ahead of inflation data; oil, Treasury yields in focus  »

El Nino is strengthening rapidly, with more than a 90% chance of becoming a very strong event during the Northern Hemisphere fall and winter of 2026-27, reported Reuters citing the US Climate Prediction Center forecast from September 10.

The forecast also puts the odds of an unusually powerful El Nino at a historic level.

 » Read more about: ‘Super El Nino’ is coming: What it could mean for US food prices, power bills and economy  »

In the past five sessions, these ETFs have seen gains between 5 per cent and 50 per cent. Notably, such double digit gains are surprising for ETFs in such a short span of time. However, most of these gains came on September 7, when the US stock markets were closed for the Labor Day public holiday.

 » Read more about: A Wall Street Mirage on Dalal Street? What To Watch Out For Before Investing In India-Listed Global ETFs  »

Positron Valued at $5 Billion in New Funding as Demand for AI Chips Surges

NEA, Atreides and Jim Clark are among the investors putting $875 million into the firm, which makes chips designed for fast running of AI models.

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Macy’s Bets on Pricier Products to Win Wealthy Shoppers

The department-store chain raised its full-year outlook Thursday,

 » Read more about: Dow Jones Top Company Headlines at 11 AM ET: Positron Valued at $5 Billion in New Funding as Demand for AI Chips Surges | Macy's …  »

Although there’s been some pullbacks along the way, the stock market has gone up and to the right since the start of 2023.

This year, the broader benchmark S&P 500 (^GSPC -0.38%) is up more than 12% (as of Sept. 9), and that’s despite some pretty significant challenges,

 » Read more about: This Market Indicator Is Sending a Warning Signal to Investors. Here's What History Says the S&P 500 Does Next.  »

The bursting of the AI bubble would open Pandora’s box for the US and world economy, one of America’s top credit-rating agencies is warning.

Fitch Ratings flagged the risk of cascading economic damage if AI stocks were to see a sharp correction. In a scenario where stock prices in the AI sector were to drop 35% over the course of six months,

 » Read more about: An AI stock crash would spark a US recession and global economic stagnation, Fitch warns  »

With Brent crude punching back above $100 on US military strikes against Iranian tankers, five energy stocks suddenly face very different fortunes depending on where they sit in the supply chain.

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 » Read more about: Oil Just Blew Past $100 a Barrel and These 5 Energy Stocks Are in the Line of Fire.  »

By DAMIAN J. TROISE and ALEX VEIGA, AP Business Writers

Stocks on Wall Street lost ground again Wednesday as the price of crude oil climbed back above $100 a barrel amid further escalation in the U.S. war with Iran.

The S&P 500 index fell 0.5%. The Dow Jones Industrial Average dropped 0.8%,

 » Read more about: Stocks fall on Wall Street as oil prices jump back above $100 a barrel after Iran war escalates  »