Department Financial News

inflation print signaling continued moderation in price pressures helped offset an earnings gloom cast by a dour revenue forecast from Intel. The U.S. Commerce Department's report showed the personal consumption expenditure index — the Federal Reserve's preferred inflation gauge -rose moderately in December , keeping the annual increase in inflation below 3% for a third-straight month that could allow the central bank to start interest rate cuts this year. «Today's report, is clearly market friendly even if it doesn't suggest, at this point, that the Fed lowers rates at the March 20 meeting,» said Quincy Krosby, chief global strategist at LPL Financial. «Unless next month's collection of inflation-related data underscores decisively that the path towards to 2% is squarely in sight, the Fed will most likely wait until May or June to begin easing rates.» Weighing on the tech-focused Nasdaq, Intel slumped 12.1% to a six-week low after forecasting that its first-quarter revenue could miss estimates by over $2 billion, driving losses between 1.6% and 2.2% in other chip stocks including Advanced Micro Devices, Qualcomm and Micron Technology. The Philadelphia SE Semiconductor index slipped 2.4%, while the S&P 500 technology sector was the only one in the red with a 0.7% loss. This, along with Tesla's growth warning on Wednesday, likely deepened worries over rich valuations of heavily weighted megacap companies.

By Ankika Biswas and Johann M Cherian

A New Brunswick mother is speaking out after she recently had to wait more than 12 hours to have her sick baby seen by a doctor at the Moncton Hospital.On Friday, Emily Boros-Rausch went to the hospital with her eight-week-old baby, Laszlo. The infant had a fever, was vomiting, and had diarrhea.“We were told many times by our family doctor, even when he was born at the hospital that if a newborn has the slightest fever, take them right to the emergency because it could be a sign of something bad,” she said.

She turned the Frappuccino into a hit at Starbucks. At Kohl’s, she wooed the beauty chain Sephora to spruce up the department stores, but then battled with activist investors, who called for her removal as chief executive. Now, Michelle Gass is taking on her “dream job," as CEO of Levi Strauss, the 171-year-old denim maker that has given us 501 jeans, the trucker jacket and other wardrobe staples.

₹2,000 crore per annum for the scheme in the interim budget. The scheme is expected to be on the lines of the Union agriculture ministry’s Rashtriya Krishi Vikas Yojana (RKVY) which was launched in 2007 to incentivize states to draw up plans by taking agro-climatic conditions, natural issues and technology into account. “We desperately need a scheme like RKVY to bolster the entire veterinary system in the country.

The U.S. government has filed a notice revealing its plans to auction approximately $117 million worth of Bitcoin (BTC) that was seized during a dark web drug bust.

Bank of America has typically had a reputation for being a slightly … nicer place to work than the rest of the bulge bracket.  The perception has always been that Goldman Sachs is intense, Morgan Stanley is political, Citi is dysfunctional, JPMorgan is snobbish but Bank of America is … chill?  Possibly even a little bit complacent?  Like all such stereotypes, these are for the most part garbage, but there’s always a little bit of truth that makes them persist.  They do make a point of promoting nice guys like Jim DeMare, after all.

Republic Day, issuing an 'orange alert' for January 26, as per a PTI report. Until 8.30 am, visibility in the national capital is expected to be limited to only 400 metres due to the foggy weather. However, there is a forecast for improvement, with visibility levels expected to reach 1,500 metres by 10.30 am.

In-N-Out Burger will close its first location in its 75-year history due to a wave of car break-ins and robberies at its only restaurant in Oakland, California

More Americans filed jobless benefits last week but layoffs remain at historically low levels despite elevated interest rates and a flurry of job cuts in the media and technology sectors

By Lucia Mutikani

Blackstone Chairman, CEO and co-founder Stephen Schwarzman provides his 2024 economic outlook, his thoughts on commercial real estate, capital market activity and downside risks to A.I.

India has begun commercial export of pomegranates to the USA after it lifted the export ban in 2022. The government expects this move to open a big market for the Indian pomegranates, a fruit which is being increasing preferred by consumers across the world for its health benefits.

By Leah Douglas

Investing.com — The U.S. economy grew at a faster than anticipated rate in the fourth quarter, as activity remained robust even as it shows signs of slowing back down to a pre-pandemic pace.

President Tayyip Erdogan will give a final sign-off on Sweden's NATO membership within days, triggering rapid steps toward U.S. Congress endorsing a sale of F-16 fighter jets to Ankara. In an interview on Thursday, Ambassador Jeff Flake said that once the formal ratification document is received in Washington, the U.S.

'The Claman Countdown' panelists Simeon Hyman and John Lonski break down the Federal Reserve's favorite inflation number.

Amazon-owned Ring will stop allowing police departments to request doorbell camera footage from users

Officials say that two U.S.-flagged ships carrying cargo for the Defense and State departments have come under attack off Yemen

Startup India began on 16 January 2016, and by 2018, claimed itself as a huge success for having reached an arbitrary mark of 10,000 firms registered under it. But then, that was a public-relations byte. Eight years on, the jury is still out.

WASHINGTON (Reuters) -The Biden administration is delaying a decision on a Louisiana liquefied natural gas (LNG) export project that would be the country's largest but which has raised the ire of environmentalists, the New York Times reported on Wednesday.