The Latest Breaking News from US Federal Reserve

The Federal Reserve’s continued monetary policy tightening to tame the surging inflation has been making investors concerned about the economy slipping into a recession soon. As a result, tech stocks are witnessing massive sell-offs. However, growing demand, impressive breakthroughs, and rising corporate and government investments in the tech industry should…

EUR/USD managed to make a gain in May, after four consecutive months of declines, but thus far June has proven to be a bad month in terms of performance. After opening at 1.07322, the pair hit a low of 1.03593, to recently trade near 1.0452.

The Fed’s hike can accelerate the exit of foreign portfolio investments

NEW DELHI: The government does not see any adverse impact on the Indian economy post the US Federal Reserve's decision to raise interest rates by 75 basis points, economic affairs secretary Ajay Seth said on Thursday.

Nike Inc (NYSE: NKE) shares are trading lower by 6.44% to $106.14 Thursday afternoon in sympathy with the overall market.

Uber Technologies Inc (NYSE: UBER) shares are trading lower Thursday amid overall market weakness as stocks fall following Wednesday's Fed rate hike announcement. 

Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) shares are trading lower by 3.87% to $2,110.35 Thursday afternoon in sympathy with the overall market.

PayPal Holdings Inc (NASDAQ: PYPL) shares are trading lower by 5.87% to $71.38 amid overall market weakness after the Federal Reserve on Wednesday raised its target fed funds rate by 75 basis points to a new range of between 1.5% and 1.75%, its largest interest rate hike in 28 years.

Taiwan Semiconductor Mfg. Co. Ltd. (NYSE: TSM) shares, among several other companies in the broader technology and semiconductor sectors, are trading lower by 4.89% to $84.76 Thursday afternoon amid overall market weakness.