Closely watched U.S. nonfarm payrolls data on Friday marks the final piece in an eventful week that's been nothing short of a boon for the global rate cut rally. The durability of that optimism depends on whether those jobs figures affirm the case for a Fed rate cut or not. Investors have already been adding to bets the Fed could ease rates in September, following similar moves by the European Central Bank and Bank of Canada this week.
Vellayan Subbiah, Executive Vice-Chairman of Tube Investments of India (TII) and Chairman of Cholamandalam (Chola) Investment and Finance Co. Ltd., was named the EY World Entrepreneur Of The Year™ 2024 at an award ceremony held in Monaco's Salle des Etoiles. Vellayan was selected from among nearly 5,000 program participants that included 51 winners across 47 countries and jurisdictions competing for the global title. He is the fourth winner from India in the award's 24-year history.
GameStop spiked after more activity from Keith Gill's social media accounts. Traders will parse nonfarm payroll data for May on Friday morning.
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