US Market News

US Fed concluded its two-day meeting on July 31, 2024 | Here’s Key Highlights

by
US Fed concluded its two-day meeting on July 31

The US Federal Reserve (Fed) concluded its two-day meeting on July 31, 2024.The Federal Open Market Committee (FOMC) decided to keep the target range for the federal funds rate unchanged at 5.25%-5.50%. This marks a pause in the Fed’s aggressive rate-hiking cycle that began in March 2023. The US Fed meeting refers to the Federal Read more: US Fed concluded its two-day meeting on July 31, 2024 | Here’s Key Highlights..

OpenAI’s SearchGPT is likely to pose a short-term challenge for Google

by
OpenAI's SearchGPT is likely to pose a short-term challenge for Google – Wedbush says

Wedbush, a financial services firm, has recently stated that the introduction of OpenAI’s SearchGPT is likely to pose a short-term challenge for Google. This is due to investor uncertainty about the potential threat SearchGPT poses to Google’s dominance in the search engine market. Wedbush believes that SearchGPT will create uncertainty and pressure on Google’s stock Read more: OpenAI’s SearchGPT is likely to pose a short-term challenge for Google..

Mitsubishi Motors to join existing alliance of Honda and Nissan

by
Mitsubishi Motors to join existing alliance of Honda and Nissan

Japan’s Mitsubishi Motors to join the existing alliance between Honda Motor and Nissan Motor according to a report by Nikkei. This move would create a powerful automotive group with a combined sales figure exceeding 8 million vehicles. This development follows an announcement made by Nissan and Honda in March, where they revealed their consideration of Read more: Mitsubishi Motors to join existing alliance of Honda and Nissan..