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Larry Summers concerns regarding the decision of the Federal Reserve to cut interest rates by a half percentage point are an error. Larry Summers demonstrates that, as per robust labor market data, the U.S. economy remains strong by making the potential rate cut unnecessary.

innovation is not limited to cutting-edge tech. Diversity and tolerance for all things new is a crucial asset to fuel innovation and economic growth, not just for individual enterprises but also for societies and economies. In the 1980s, the infamous death spiral of America's chip industry was reversed by Jack Simplot, a potato farmer with no college education but with a terrific acumen for business. Silicon Valley's real 'magic' is not in the grand convergence of brilliant engineers, but in its adventurous culture, tolerance and openness to new ideas. Today, as businesses grapple with complex challenges to stay relevant, DEI (diversity, equity, inclusion) has progressed from being a jargon to an essential principle that organisations strive to embrace. India needs to understand how to extend the value of its diversity beyond representation and harness it as an engine for inclusive and innovative economic growth. So, why is diversity a key focal point?

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

Nicholas Wealth Management CEO David Nicholas explains how the port strike could affect the stock market and overall economy on Varney & Co.

The union representing 45,000 striking U.S. dockworkers at East and Gulf coast ports has reached a deal to suspend a three-day strike until Jan. 15 to provide time to negotiate a new contract

Total nonfarm payrolls published by the US Bureau of Labor Statistics today (4 October) came in significantly above market expectations, with economists polled by Reuters expecting that figure to stand at 140,000. The figures for last month exceeded the upwardly-revised 159,000 jobs created in August and higher-than-average monthly gain of 203,000 in the last 12 months, according to the Bureau of Labor Statistics. The greatest increase took place in the food and drinking services sector, which saw jobs rise by 69,000 in September. Healthcare added 45,000 jobs last month, however be...

America’s employers added a surprisingly strong 254,000 jobs in September, the latest evidence that the U.S. labor market is still solid enough to support steady hiring and a growing economy

Hungary's prime minister says the European Union risks entering an “economic cold war” with China, and is pledging to vote against an EU plan to impose higher tariffs on the import of Chinese electric vehicles

European Union countries have voted to impose duties on imports of electric vehicles from China, as talks continue between Brussels and Beijing to end the standoff before an end-of-October deadline

Kautilya Economic Conclave asserted that world's confidence in India remained high despite uncertainties. Additionally, the PM said the government will continue with structural reforms to achieve the ambitious Viksit Bharat 2047 dream. «This conclave is being organised at a time when there is a war situation in two big regions of the world. Both these regions are very important for the global economy, especially energy security. Amid this big global uncertainty, we are here discussing 'The Indian Era', it shows that today the trust in India is of different level,» said PM Modi during his address. «The global leaders and financial experts are optimistic about India’s growth. The investors believe that it’s the right time to invest in India. It’s not a coincidence, rather, it’s result of the reforms that have happened in India in the past decade,» said the PM.

electric vehicles, the EU executive said on Friday, even after the bloc's largest economy Germany rejected them, exposing a rift over its biggest trade row with Beijing in a decade. The proposed duties on Chinese-built EVs of up to 45% would cost carmakers billions of extra dollars to bring cars into the bloc and are set to be imposed from next month for five years. The Commission, which oversees the bloc's trade policy, has said they would counter what it sees as unfair Chinese subsidies after a year-long anti-subsidy investigation, but it also said on Friday it would continue talks with Beijing.

The world's biggest economy added 254,000 jobs last month, the Department of Labor said. This was markedly higher than August's 159,000 number, which was also revised higher. The unemployment rate dipped from 4.2 percent to 4.1 percent, added the report.

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Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

As India approaches becoming the world's third-largest economy, a new era of wealth creation emerges. With GDP projected to triple in the next decade, it's an opportune time for Indians to embrace wealth consciousness.

Sandip Sabharwal, asksandipsabharwal.com, says the first level of buying could be looked at on the largecap side. If Reliance falls 5-7% from current levels, it could be a decent stock to buy for a 15-20% upside over a year's time. If markets correct, typically banks have a higher beta. If they correct more than 10% from current levels, they can be considered. If L&T it falls near Rs 3,200-3,300, then we could have a look at it among the largecaps. These could be the opportunities. Markets were due for a fall. The selling has come. Could this accelerate further? Is it time to put money to work now? Sandip Sabharwal: It is too early to put money to work because of the fact that, one, there could be global factors at play and globally markets could correct and that could lead to some sort of fall coming in India also. Secondly, if you look at economic data which has been coming out starting right from the core industrial data, information where core output was actually down last month and some impact was there of heavy rains, etc, which was down.

US economy could be easily facing financial troubles as the subprime mortgage crisis like the 2000s is repeating itself amid severe recession and inflation fears. The Great Recession that began in the late 2000s due to the collapse of the US housing market, was one of the prime trendsetters of today's housing market conditions.

US economy is on the verge of entering a very dark phase, and according to economist Mark Spitznagel, things could easily be on the wrong side of American history, if the situation of the US economy is not catered to, within time. This could be an indeed trying time for the US economy if things are not addressed around the US recession, which could be coming in anytime now, that too, right within the US election season.

port strike and its impact could end up being prolonged, as far as the US economy is concerned, feel experts. Covid-19 pandemic was actually the last time there was an impact on the US markets in such a major way, and now things have a chance of going worse, if things are not resolved within due time.

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

Warning lights are flashing in Canada’s “economic engine,” and experts say even a stop from pop music’s biggest superstar Taylor Swift next month might not be enough to keep Toronto’s flagging economy out of a “T-cession.”