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Venezuelans awoke Friday to a major power outage in the capital, Caracas, and several states

Penn Mutual Asset Management CIO Mark Heppenstall joins ‘Mornings with Maria’ with his perspective on several U.S. economy headlines.

Macrotech Developers has acquired two companies operating in the warehousing sector for nearly Rs 96 crore. The realty developer has Acquired Opexefi Services and One Box Warehouse for Rs 46.67 crore and Rs 49.09 crore, respectively. By acquiring 100% equity in both companies, Macrotech Developers is aiming to expand its logistics park and warehouse development vertical, strengthening its presence in the sector.

Investors appear to be shaking off market volatility and focusing on some positive fundamentals for the long term.

consumer spending increased solidly in July, suggesting the economy remained on firmer ground early in the third quarter and arguing against a half-percentage-point interest rate cut from the Federal Reserve next month. Consumer spending, which accounts for more than two-thirds of U.S. economic activity, rose 0.5% last month after advancing by an unrevised 0.3% in June, the Commerce Department reported on Friday. Economists polled by Reuters had forecast spending would accelerate by 0.5%. This implies that consumer spending maintained most of the momentum from the second quarter, when it helped to boost gross domestic product growth to a 3.0% annualized rate. The economy grew at a 1.4% pace in the January-March quarter.

Global shares are mostly higher as markets continued to be moderately optimistic about the prospects of technology companies and the relative health of global economies

Treasuries are poised for their longest monthly winning streak in three years as traders look past US data on personal income and expenditure due Friday and prepare for the Federal Reserve to start cutting interest rates.

Inflation is down in Europe

₹10.4 lakh to ₹13 lakh. This trend would have likely continued in assessment year 2024-25. As for GST, the GST Council’s decision in August 2023 that online gaming companies will have to pay 28% GST, up from 18%, led to a jump in revenues.

Defence Minister Rajnath Singh on Friday stated that the Indian economy has now improved to 'Fabulous Five' from the 'Fragile Five' before 2014. The minister also added that the Indian economy is one of the fastest-growing large economies now. Speaking at the 'Manorama News Conclave 2024' in Thiruvananthapuram, the minister said, «India's economy has undergone unprecedented changes. Before 2014, India's economy was among the 'Fragile Five'. Today it is being recognised all over the world as one of the 'Fabulous Five'. The Indian economy has become one of the fastest-growing large economies today». The minister also added that the government has taken various steps to improve the ease of doing business in the country, he added that because of the efforts by the government now the process to get environment clearance has reduced to less than 75 days from 600 days earlier.

Official data on Friday will likely show growth moderated last quarter from near-8% pace previously, largely due to a slowdown in government spending before the elections. Recent indicators show consumer sentiment is waning and rural spending still hasn’t recovered to pre-Covid levels. A looming slowdown in the global economy is another major risk to the outlook. Goldman Sachs Group Inc. has already trimmed India’s growth forecast for the current calendar year by 20 basis points to 6.7%, while Bloomberg Economics lowered its projection for the fiscal year through March 2025 to 6.8% from 7.2%.

Quess Corp's global headcount has topped 600,000, putting it in the same league with global staffing behemoths Adecco, Randstad and Manpower, and software services giant Tata Consultancy Services in terms of number of employees. The Bengaluru-headquartered firm, which offers staffing, workforce management and technology outsourcing services, ended the June quarter with an employee count of 597,000. Since then, it has added at least 6,000 workers, chairman Ajit Isaac told ET. “We are among the largest globally in headcount and perhaps the youngest to achieve this in a span of 17 years,” he said.

Applied Materials will be signing a Memorandum of Understanding (MoU) with the Tamil Nadu government on Friday to establish an advanced AI-enabled technology development Center of Excellence focused on semiconductor manufacturing and equipment in Taramani, Chennai. The MoU is to be signed in San Francisco in the presence of the Tamil Nadu Chief Minister, MK Stalin and President of the Semiconductor Products Group at Applied Materials, Dr. Prabu Raja. “Investment in key sectors such as advanced electronics and semiconductors will help us achieve the $1 trillion economy goal by 2030. We want to make Tamil Nadu the most advanced knowledge and innovation hub in South Asia,” Tamil Nadu Chief Minister MK Stalin said in a statement.

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...

FOX Business’ Larry Kudlow reacts to the revised jobs report and its impact on the U.S. economy on ‘The Big Money Show.’

Berkshire Hathaway touching the $1 trillion mcap. This massive market capitalization was earlier unheard of for nanotech companies, but Berkshire Hathaway has made it possible as the world's first company to achieve this target.

(Bloomberg) — Chinese Foreign Minister Wang Yi and US National Security Advisor Jake Sullivan discussed setting up new talks between their presidents in meetings aimed at managing the two nations’ difficult relationship.

The number of Americans filing for unemployment benefits fell slightly last week as the U.S. labor market remains healthy in the face of high interest rates

The U.S. economy grew last quarter at a healthy 3% annual pace, fueled by strong consumer spending and business investment, the government said in an upgrade of its initial assessment

Union Minister Nitin Gadkari on Thursday said credible media is important for the qualitative transformation of democracy and socio-economic development of the country. Addressing an event here, Gadkari said every politician expects media support, but the media should support what is good for democracy and the country. He noted that once upon a time, people were only dependent on print media and electronic media, now they are dependent on social media. «In media, what we need is credibility, goodwill...people are expecting information from the media by which they can make the qualitative transformation of our democracy,» the minister said.

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