and witnesses have been released accidentally. time for a look at the business news now. we start in the us where banking shares are taking a beating on wall street after reports that the ratings agency fitch could be poised to downgrade a number of top lenders. big banksjpmorgan chase, wells fargo and bank of america fell between 1.5 and 1.6%. fitch downgraded the us banking industry as a whole injune from aa to aa citing structural uncertainty. moody s another major ratings agency downgraded a number of medium sized lenders earlier this month. michelle fleury is in new york for us. how certain can we be that the downgrade is forthcoming and what are the reasons behind it? this
to confirm prices are cooling. but with inflation still stubbornly high, policy makers here as in many other developed countries are not done raising interest rates. let s show you how investors reacted to that latest data which should other than expected data out of the united states. there are hopes and out of the country might avert a recession. you can see all of the main industries during better and banking share is also led wall street to close higher. banking shares also led wall street to close higher on thursday that s after recent health check showed the largest us banks have enough capital to weather a severe economic slump. in other news this morning sporting goods giant nike has reported its latest earnings for the fourth quarter. revenue came in at $12.8 billion dollars slightly higher than expected. this means nike has beaten revenue estimates for seven straight quarters. salesjumped in both its
Share market today: The Nifty now trades at over 20 times its estimated earnings for the financial year 2023-24 (FY24). Experts believe financials is one sector which still offers value
According to the data from Ace Equity, the lenders have corrected up to 35 per cent from their respective peaks after delivering multibagger returns in the last few months.