Market Updates

President Joe Biden and top congressional Republican Kevin McCarthy have tentatively agreed to suspend the $31.4 trillion debt ceiling of the federal government, effectively putting an end to a lengthy stalemate. However, the announcement of the deal lacked any sense of celebration, reflecting the...

JPMorgan has recommended to its clients that they bolster their cash and gold positions while scaling back on equities and bonds. According to the bank’s analysts, the current surge in equities is misguided due to the market’s failure to adequately factor in the significant risk...

Applied Materials Inc, a leading semiconductor toolmaker, has unveiled plans to establish a research center in Sunnyvale, California, with an investment of up to $4 billion. The primary goal of this center, known as the Equipment and Process Innovation and Commercialization (EPIC) Center, is to...

U.S. stock indexes closed lower on Tuesday as investors grew more cautious ahead of a U.S. consumer price index report and a meeting between U.S. political leaders to discuss the debt ceiling. Investors are awaiting the Labor Department’s consumer price index (CPI) report on Wednesday for...