Markets Are Rising
Today though: A little more calm as we're seeing modest gains in Europe and in US futures.
What's the latest?
Well, for one thing, Obama is going to nominate Janet Yellen today to lead the Fed this was expected for awhile, but it's good news that this is happening for the market, as it's seen that she's dovish (in favor of easy money) and not going to depart from the current plan of the Fed.
There's also some chatter about, perhaps, Obama having opened the door a little bit to a deal by being open to some short term lift to debt ceiling while the two sides engaged in more substantive debate about the budget.
It's thin stuff, and the Boehner kind of rejected it a little. But there's a glimmer now where the day before that wasn't so clear.
- US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report says
- 2 states where home prices are falling because there are too many houses and not enough buyers
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- ICICI Bank shares climb nearly 5% after Q4 earnings; mcap soars by ₹36,555.4 crore
- Markets rebound sharply on buying in bank stocks firm global trends
- Bengaluru's rental income highest in Q1-2024, Mumbai next: Anarock report
- Rupee falls 10 paise to settle at 83.48 against US dollar
- Include 4 hrs of physical activity, 8 hrs sleep in routine for optimal health, suggests study