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Economy

Banks expect Fed to raise benchmark rate by 50 bps in March

Highlight The world’s top investment banks expect multiple interest rate hikes this year. The Federal Reserve hopes to bring down the inflation to 2% after the hikes. The US inflation has soared to 7% lately, the highest in nearly four d...

• January 27, 2022 03:39 PM PST
• Sanjeeb Baruah

Market Updates

US stocks fall after GDP data

Benchmark US indices closed lower on Thursday, January 27, after the latest economic data showed GDP grew by 6.9% in the fourth quarter of 2021, the fastest growth rate in decades. The trading session remained volatile marked by investors’ anx...

• January 27, 2022 02:31 PM PST
• Versha Jain

Healthcare Stocks

Why Aridis Pharmaceuticals (ARDS) soared on Thursday?

Highlights Aridis said it received funding from Bill & Melinda Gates Foundation. The funds will be used to evaluate inhaled monoclonal antibodies. The ARDS stock returned over 30% gains in the past five days. The stocks of Aridis Phar...

• January 27, 2022 09:22 AM PST
• Rupam Roy

IPO

Credo Technology (CREDO) prices IPO, set to debut today

Highlights Credo Technology provides high-speed connectivity solutions for the data market. Credo priced its IPO at US$10.00 per share, the lower end of the price range. It is scheduled to debut on Nasdaq on January 27. The Credo ...

• January 27, 2022 07:12 AM PST
• Versha Jain