Nasdaq ends down 2.6% as US stocks slip after jobs data

New York/IBNS: New York Stock Exchange's stocks ended decisively lower on Friday (Sept 6) following weaker than expected US jobs growth that pointed to a slowing economy.

Election shortfall of Narendra Modi's BJP leaves Wall Street scrambling

New York/IBNS: A major political setback for Narendra Modi's BJP has business executives in the country furiously making calls, trying to better understand the impact on India’s economy and investment landscape following Modi’s failure to secure a supermajority for his BJP in the lower house of the Parliament.

Apple stocks fall, drag US bourses down after China widens curb on iPhone use

Apple stocks fell 4%, triggering a rout in the US stock market, after the Chinese government widened curbs on iPhone use by government officials, Reuters reported.

Goldman Sachs, Barclays among 16 Wall Street firms fined $1.8bn

Washington/IBNS: Some of Wall Street's biggest companies have been fined a total of $1.8bn by US financial watchdogs after it was discovered that the staff discussed deals and trades on their personal devices and apps.

US markets sink on unexpectedly high inflation

Washington/UNI: Inflation in the United States remained unexpectedly high in August, hitting Wall Street like never before in more than two years.

US stock indexes tumble as Fed's monetary policy tightening fans recession fears

US stock indexes slumped sharply Thursday, following Federal Reserve's biggest interest rate hike since 1994 that heightened recession worries, media reports said.