Recession Fears

Benchmark Sensex spurted by 1,330 points to close at a two-week high while Nifty jumped 397 points to settle above the 24,500 level on Friday as easing fears of a recession in the US triggered buying in IT shares amid a sharp global stocks rally.

Indian indices opened higher today following a rally in Asian markets as US central bank officials soothed investor nerves.

A global sell-off has led to a major bloodbath in the equity markets as corporate giants stared down at massive losses. The US markets fell over 2.43% on Friday while the Asian peers added to their losses as they opened after the weekend.

Indian markets experienced one of the worst falls today following the global bloodbath with both the Nifty and Sensex registering high losses during the opening trade.

The Indian stock market opened lower this morning amid weak global cues, with the Sensex nosediving over 700 points and the Nifty tumbling more than 200 points.

Benchmark indices extended their winning run on Tuesday morning helped by continuous buying from foreign institutional investors and on signs that recession fears in the US are easing.

Heightened worries about the strength of consumers and the global economy have been put on hold - at least for now - after some of the world's best known companies delivered a slew of better-than expected numbers.

Just three years ago, when OPEC+ oil giants fell out, the US found itself playing the role of peacemaker. Now it looks more like their target.

Since the end of the pandemic hiring spree, large numbers of employees have been fired from major tech companies, including Alphabet (12,000 employees), Amazon (18,000), Meta (11,000), Twitter (4,000), Microsoft (10,000) and Salesforce (8,000). Why exactly led to this massive shakeout? And what does it mean for the industry, and you?

Amazon's recently announced job cuts indicate the layoffs at several notable technology firms could continue, as a demand boom during the COVID-19 pandemic rapidly turns into bust, according to analysts. Companies like Meta, Salesforce, and Amazon have already announced that they will lay off several thousand workers, while Microsoft and Google hav...

The massive job cuts by Amazon.com Inc, one of the biggest private employers in the United States, show the wave of layoff sweeping through the tech sector could stretch into 2023 as companies rush to cut costs, analysts said on Thursday.

Global factors like recession fears, geopolitical risks and rising coronavirus cases in China could keep equity markets volatile.

In a turbulent year marred by global monetary tightening, recession fears, and a war in Ukraine, a mining stock in Indonesia is proving to be the world's best performer with a whopping 1,595 per cent rally.

Amazon founder Jeff Bezos's advice that consumers keep cash safe and avoid unnecessary spending has reconfirmed fears of the US economy slipping into recession.

Oil prices were little changed early today as supply worries offset recession fears and China's commitment to its zero-COVID policy.

Benchmark Sensex spurted by 1,330 points to close at a two-week high while Nifty jumped 397 points to settle above the 24,500 level on Friday as easing fears of a recession in the US triggered buying in IT shares amid a sharp global stocks rally.

Indian indices opened higher today following a rally in Asian markets as US central bank officials soothed investor nerves.

A global sell-off has led to a major bloodbath in the equity markets as corporate giants stared down at massive losses. The US markets fell over 2.43% on Friday while the Asian peers added to their losses as they opened after the weekend.

Indian markets experienced one of the worst falls today following the global bloodbath with both the Nifty and Sensex registering high losses during the opening trade.

The Indian stock market opened lower this morning amid weak global cues, with the Sensex nosediving over 700 points and the Nifty tumbling more than 200 points.

Benchmark indices extended their winning run on Tuesday morning helped by continuous buying from foreign institutional investors and on signs that recession fears in the US are easing.

Heightened worries about the strength of consumers and the global economy have been put on hold - at least for now - after some of the world's best known companies delivered a slew of better-than expected numbers.

Just three years ago, when OPEC+ oil giants fell out, the US found itself playing the role of peacemaker. Now it looks more like their target.

Since the end of the pandemic hiring spree, large numbers of employees have been fired from major tech companies, including Alphabet (12,000 employees), Amazon (18,000), Meta (11,000), Twitter (4,000), Microsoft (10,000) and Salesforce (8,000). Why exactly led to this massive shakeout? And what does it mean for the industry, and you?

Amazon's recently announced job cuts indicate the layoffs at several notable technology firms could continue, as a demand boom during the COVID-19 pandemic rapidly turns into bust, according to analysts. Companies like Meta, Salesforce, and Amazon have already announced that they will lay off several thousand workers, while Microsoft and Google hav...

The massive job cuts by Amazon.com Inc, one of the biggest private employers in the United States, show the wave of layoff sweeping through the tech sector could stretch into 2023 as companies rush to cut costs, analysts said on Thursday.

Global factors like recession fears, geopolitical risks and rising coronavirus cases in China could keep equity markets volatile.

In a turbulent year marred by global monetary tightening, recession fears, and a war in Ukraine, a mining stock in Indonesia is proving to be the world's best performer with a whopping 1,595 per cent rally.

Amazon founder Jeff Bezos's advice that consumers keep cash safe and avoid unnecessary spending has reconfirmed fears of the US economy slipping into recession.

Oil prices were little changed early today as supply worries offset recession fears and China's commitment to its zero-COVID policy.