US Federal Reserve Meeting: No Rate Cut Expected, Powell’s Remarks to be Scrutinized
The US Federal Reserve’s policy-setting committee, the Federal Open Market Committee (FOMC), is widely anticipated to hold off on announcing a rate cut at the conclusion of its two-day meeting on Wednesday, June 12. However, investors and economists will be closely scrutinizing Fed Chair Jerome Powell’s comments at the subsequent press conference for any indication of the central bank’s assessment of inflation, economic growth, and the potential timeline for future rate cuts.
Apple’s WWDC 2024: Siri 2.0, iOS 18, and AI Advancements Expected
Apple’s annual Worldwide Developers Conference (WWDC) commenced today with CEO Tim Cook delivering the keynote address. The Cupertino-based tech giant is widely expected to unveil significant updates to its software ecosystem, including iOS 18, iPadOS 16, and macOS 13. This year’s WWDC has generated heightened excitement due to Apple’s anticipated foray into generative AI technology.
Motilal Oswal Financial Services Soars Over 18% to Hit Record High
Shares of Motilal Oswal Financial Services (MOFSL) surged over 18% on the BSE on Monday, reaching a new all-time high of ₹719.95. The stock rally was driven by the company’s ex-bonus trading from Monday’s session.
Monsoon Arrives in Mumbai, Bringing Orange Alert for Heavy Rain
The southwest monsoon has arrived in Mumbai and other districts of Maharashtra, bringing respite from the scorching heatwave. As of 1 am, Tagore Nagar in Mumbai had received the highest rainfall of 158.2 mm in just five hours, prompting the Brihanmumbai Municipal Corporation (BMC) to issue an orange alert for heavy rainfall.
India-Canada Relations: Modi Expresses Desire for Mutual Respect
Following Canadian Prime Minister Justin Trudeau’s congratulatory message to Narendra Modi on his victory in the Lok Sabha Election 2024, the Indian Prime Minister responded on Monday, expressing India’s eagerness to work with Canada based on “respect for each other’s concerns.” This statement highlights the importance of mutual understanding and collaboration in bilateral relations between the two nations.
