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U.S. stocks rose closer to their all-time highs following a couple reports on the economy that came in close to expectations

Inflation cooled in August and fell to its lowest level since February 2021, which was around the time the consumer price index began to climb during the pandemic era.

Thailand’s new Prime Minister Paetongtarn Shinawatra, the daughter of former Prime Minister Thaksin Shinawatra, vowed Thursday in her inaugural speech to Parliament to continue many of her predecessor’s plans to solve the country’s economic woes

The Palestinian economy is “in free fall,” with production in Gaza plunging to one-sixth of its level before Israeli forces began a blistering military response to the Oct. 7 attacks in the territory, the United Nations says

Donald Trump's current standing in the presidential contest. A CNN flash poll by SSRS indicates that 63% of registered voters who watched the debate on ABC News think that Harris won. This represents almost twice 37% as many voters as thought Trump had won. According to the snap poll, voters felt that Harris had a good impact and that the Democrats understood them better after the debate. Following the debate, 40% of respondents supported Trump, while 44% felt Harris better understood the issues that everyday Americans were facing. Also Read: Where is Melania? Donald Trump's wife missing again from key events

Sri Lanka’s opposition leader contesting the presidential election next week said Thursday that if he comes to power he will renegotiate with the International Monetary Fund the 2022 economic reforms package to ensure that the rich pay more taxes and t...

With inflation subsiding, the European Central Bank is cutting its benchmark interest rate to prop up tepid growth with lower borrowing costs for companies and home buyers

Slightly more Americans filed for unemployment benefits last week, but layoffs remain at historically low levels despite two years of elevated interest rates

U.S. stocks are drifting in mixed trading following a couple reports on the economy that came in close to expectations

A report by the American Chamber of Commerce in Shanghai has found that U.S. companies in China are seeing record-low profits, with business confidence at an all-time low amid U.S.-China tensions and a slowing Chinese economy

ageing population and climate change, a government watchdog forecast on Thursday. The projection from the Office for Budget Responsibility comes ahead of the Labour government's maiden budget next month in which some taxes are expected to rise to help fill a blackhole estimated at £22 billion ($29 billion). Commenting on its latest annual Fiscal Risks and Sustainability report, the OBR noted that «long-term projections such as these are clearly highly uncertain».

unemployment benefits increased marginally last week, pointing to a still-low level of layoffs even as the labor market slows. Initial claims for state unemployment benefits rose 2,000 to a seasonally adjusted 230,000 for the week ended Sept. 7, the Labor Department said on Thursday. Economists polled by Reuters had forecast 230,000 claims for the latest week. Last week's data included the Labor Day holiday.

Of all the clicks on British job postings from workers abroad, only a fifth were on high-wage jobs, or postings offering the upper third of wages, according to data covering the first six months of the year from job-search website Indeed. Only Spain had a smaller proportion among 10 advanced economies analysed. Foreigners have a strong urge to work in the UK but they are not the kind of workers the government wants. The lowest-paid jobs attracted 40% of clicks from abroad, casting doubt over the Conservatives’ policies to discourage low-skill migration.

India has demonstrated a largely successful inflation targeting regime compared to advanced economies such as the USA, Germany, and France, according to a research report by the State Bank of India (SBI). The report credits government initiatives, the RBI, and banks for addressing these issues over the past decade, allowing for better policy transmission and improved inflation management. «The success of Inflation Targeting in India is largely a byproduct of a vibrant financial ecosystem where RBI, Government and the Banks are working closely in unison in ushering in market reforms» said the report

«I mean, for them, for the banking sector, the whole slowdown going towards the recession, if there is one, that is a negative, so that could have played into the banking sector selling off,» says Santosh Rao, Manhattan Venture Partners. More inflation and labour data, I guess that is what investors are bracing for. But how is it that you have read into the inflation print? And does it seem like a September rate cut is pretty much par for the course now? Santosh Rao: Yes, in fact, after today's data 25 basis points is par for the course now. But down the road, there is some chatter that he might continue to cut rates down the road, so maybe two or three, so that is good.

Arnab Das, Global Macro Strategist, Invesco, says all the world's big oil consumers are slowing down in a somewhat synchronized fashion, causing some concerns about the demand side of the market. However, a big collapse in the price of oil is unlikely. The big surges and the big collapses in the price of oil tend to come from the supply side rather than the demand-side which in the major economies tends to be a more gradual process than supply shocks. The US CPI numbers increased 0.2% for the month, in line with the Dow Jones consensus that sets the stage for an expected quarter percent point rate cut from the Federal Reserve in the coming week. Are there any chances for an outsized rate cut given the recessionary fears are back in the US? Arnab Das: Yes, we have and I have been in the 25 bps camp all along; 50 basis points are possible, but is unlikely at this stage. The market was pricing more like 30 bps before the CPI. Although the headline CPI number is fine, the core number is not as good as hoped, and core PCE will maintain that story. We are looking at a 25 bps cut. The Fed has kind of indicated and it is correct to say that it has shifted the focus of its dual mandate from inflation to jobs and the labour market, but it has to keep one eye on inflation and that points to a 25 bps cut.

India is curiously defying a common law of economics. When foreign investors cool toward an emerging economy’s stock market, share prices usually fall. Not so in the world’s fifth-largest economy.

Anshul Saigal, Founder, Saigal Capital, says he follows Druckenmiller. One thing that Druckenmiller says is that when you are having a good year, the tendency is to book profits and hold cash or be defensive, but it is then that you should be stepping on the pedal and going for the home run. Given how this year has gone, the tendency by now is to hold cash and take some profits off the table. But a smart investor should press on the pedal because, between now and year-end, certain segments of the market may deliver outsized returns even from here. What do you make of the market setup? Everything is going our way. First it was crude price, then flows and now the recovery in rural India. Anshul Saigal: Yes, it is an interesting market. Rural economy has been weak for the better part of the last four years. Individual households have been filling their pockets, ensuring that their savings are recovered before they go out and spend and for that reason that market has been weak. But we are at a cusp, we believe at this moment, where this market is likely to turn. Initial signs have been seen over the last two quarters in company results.

Business groups have expressed “deep concern” over the looming pilot strike at Air Canada, which they said would significantly disrupt Canada’s supply chain.

Donald Trump will need to make a strong impression. It can be challenging to identify independent voters by nature. All social groups who don't strongly identify as Republicans or Democrats are included in this term, regardless of their circumstances. Due to the similar local influences, conversations, and policy concerns that shape independent voters, it can be challenging to forecast how independents will vote nationally. However, statewide data may be more insightful. Also Read: Spider-Noir: See updates about cast, where to watch, plot and production of Amazon’s Marvel series

Investors cast votes on a range of politically connected assets following last night's presidential debate, giving a lift to some alternative-energy shares and dragging on cryptocurrencies.