Economy Financial News

14.06 / 02:27

Analysis economy Election show reports Data recap: Steady inflation, Sensex at record high, new MPs

6.7%: This is the average growth rate the World Bank has projected for the Indian economy from 2024 to 2026, making it the world’s fastest growing economy. In its latest Global Economic Prospects report, the World Bank projected growth rates of 6.6% for FY25, 6.7% for FY26 and 6.8% for FY27. In comparison, world growth is expected to be 2.6% in 2024 and 2.7% in 2025 and 2026.

14.06 / 02:27

markets UPS Target economy Relationships Mint Quick Edit | Expect a longer wait for a Fed pivot

Even as anticipation has grown over when the US Federal Reserve will shift its monetary policy to an easier setting, the target seems to be moving farther, with distinctly hawkish sounds emanating from Fed policymakers. The US central bank’s latest policy decision announced by chair Jerome Powell on Wednesday has dampened expectations again.

13.06 / 23:01

markets UPS FIVE ETF economy Election performer Is growth stock domination coming to an end?

Relatively speaking, it’s been a rough couple of years for advisors with a value investing tilt.

13.06 / 18:19

markets UPS economy reports Updates Stock market today: Wall Street drifts, but hopes for AI and rates keep indexes near records

U.S. stocks are drifting following mixed data on the economy, but hopes for coming cuts to interest rates and Wall Street’s continued frenzy around artificial-intelligence technology are keeping indexes near their records

13.06 / 18:19

markets Airlines security economy Bill President Milei's radical overhaul passes Argentina's Senate after protesters clash with police

Argentina’s Senate has narrowly approved President Javier Milei’s sweeping proposals to slash state spending and boost his own powers

13.06 / 18:17

markets COST economy Sustainability show reports Mortgage rates ease for 2nd straight week; average rate on 30-year home loan at 6.95%

Mortgage rates eased again this week, though the latest pullback leaves the average rate on a 30-year home loan at close to 7%, where it’s been much of this year

13.06 / 18:17

markets UPS economy 2020 reports Number of Americans filing for jobless benefits jumps to highest level in 10 months

The number of Americans filing for jobless benefits jumped to the highest level in 10 months last week, a sign that the labor market is likely cooling under the weight of high interest rates

13.06 / 18:17

Citi Platform economy Election Opinion politician UK Labour leader Keir Starmer says he'll end the era of 'gestures and gimmicks' if he wins power

The left-of-center politician aiming to become Britain’s prime minister in three weeks’ time is promising to lead a government that’s both “pro-business and pro-worker” and restore stability after years of economic and political turmoil

13.06 / 18:17

UPS Manufacturing economy Trade President Relationships Yellen says China's trade policies could 'interfere significantly' with US bilateral relationship

Treasury Secretary Janet Yellen says Chinese “overconcentrated supply chains” pose a threat to U.S. jobs and recent investments meant to build up the U.S. green energy sector

13.06 / 17:39

COST economy show information Department International Oil pares gains in rangebound session after US Fed delays rate cut prospects in June verdict; Brent at $82/bbl

₹6,588 per barrel on the multi commodity exchange (MCX). -The US Labor Department said the producer price index (PPI) for final demand dropped 0.2 per cent last month. Separate data showed weekly initial jobless claims exceeded estimates for a 10-month high.-The US Fed held interest rates steady on and pushed out the start of policy easing to as late as December.

13.06 / 16:15

UPS Digital Manufacturing economy pandemic show innovations Tiff Macklem says things are going to be difficult if productivity doesn't grow

Bank of Canada governor Tiff Macklem says businesses should be inspired by the “enormous amount of ingenuity” they showed during the pandemic to boost the country’s declining productivity levels, but a failure to keep doing so could make “everything more difficult going forward.”

13.06 / 16:15

markets UPS FIVE economy Cycling 2020 David Rosenberg: Poor economy means Bank of Canada has to keep cutting rates

That is all anyone needs to know. The beauty is that the market is only priced for two Bank of Canada rate cuts between now and the end of the year. We think the central bank will be cutting at all four remaining meetings.

13.06 / 16:05

COST security economy Trade Cycling inclusion 10-year benchmark sovereign bond yield slips below 7%

10-year benchmark sovereign bond yield retreated below 7% on lower than expected domestic and US inflation prints, although calling the formal start to an easing cycle is rather difficult still after last week's Mint Road assertion that domestic conditions largely would dictate its monetary policy approach. Yield on the 10-year securities retreated to 6.98% Thursday after India's retail inflation eased to a one-year low of 4.75% in May, as against an 11-month low of 4.83% the previous month.

13.06 / 16:05

economy Align Sustainability Election country reports India to to be the fastest growing economies in ASEAN: Moody’s

India will remain the region's fastest-growing economy, sustaining last year’s domestically driven momentum and its policy momentum is expected to continue as the new government takes charge with a reduced majority, according to ratings firm Moody’s. “We anticipate policy continuity after the general election, and a continued focus on infrastructure development and encouragement of private sector investment” the ratings firm said in a report. In the first half of calendar year 2024, Indonesia, Philippines and India led the way and should continue to outperform pre-COVID growth numbers on the back of rising exports, local demand and government spending lift.

13.06 / 15:33

security economy Trade President War country International What to know about the G7 Summit, and why it matters

The heads of the Group of 7 nations — Britain, Canada, France, Germany, Italy, Japan and the United States — started their annual summit Thursday at a luxury hotel in Puglia on the southern Italian coast, overlooking the Adriatic Sea. The wars in Ukraine and the Gaza Strip and the threats posed by China's economic rise are high on the agenda.

13.06 / 15:01

markets Citi Reuters economy show reports Department The number of Americans filing for jobless benefits unexpectedly spikes to 10-month high

‘Mornings with Maria’ panelists react to December’s better-than-expected jobs report, detailing its expected impact on the labor market and U.S. economy.

13.06 / 14:21

COST economy show information International Oil softens to $82 a barrel on Fed rate decision, ample supply outlook

Oil prices slipped on Thursday as investors digested that the U.S. Federal Reserve had likely pushed back an interest rate cut to December and as U.S. crude and fuel stocks rose. Brent crude futures fell 60 cents, or 0.7%, to $82 a barrel by 1207 GMT. West Texas Intermediate (WTI) U.S. crude futures fell 68 cents, or 0.9%, to $77.82. Both benchmarks had gained nearly 1% in the previous session.

13.06 / 14:05

markets UPS Progressive JPMorgan economy reports Department Wholesale inflation cools more than expected in May

JPMorgan Asset Management chief market strategist Gabriela Santos analyzes the Federal Reserve's interest-rate decision making on 'The Claman Countdown.'

13.06 / 13:09

markets UPS FIVE Strategy economy wellness reports Wells Fargo says five pivot points in the US economy will drive growth for 18 months

As 2024 began there was plenty of concern about the U.S. economy, not least the worrying potential of recession.

13.06 / 11:59

Waves Manufacturing Gap security economy Invesco Mutual funds bet big on manufacturing: Is it time to invest?

MUMBAI : Sectoral and thematic funds received over ₹19,000 crore in net inflows in May, according to monthly data from the Association of Mutual Funds in India (Amfi). Nearly half of this amount went into HDFC Mutual Fund’s new fund offer (NFO) – HDFC Manufacturing Fund, which alone garnered ₹9,500 crore from investors. It's not just HDFC MF riding this wave; other fund houses have also launched manufacturing funds recently.

13.06 / 07:29

markets UPS Manufacturing CEO economy trends Sectoral/Thematic funds’ AUM grows 80% YoY in May, folios rise 56%. What is brewing?

AMCs have launched 34 thematic/sectoral funds since May 2023, which turns out to be an average of three schemes per month. From 128 such funds in May 2023, the tally went up to 162 in May 2022. During this period, the assets under management (AUM) shot up by 81% to Rs 3,37,280 crore in May 2024 from Rs 1,86,685 crore in the corresponding month of the last financial year. Meanwhile, the number of folios has increased 56% to 2,05,67,662 from 1,32,09,299 in May 2023.

what you should know about economy

What is economy and why is it important?

Economy is a significant category that interests a wide audience. On our site, we regularly publish updates related to this subject.

Where can I find the latest updates on economy?

All latest articles about economy can be found in the special selection. We publish information as it becomes available.

How can I verify the accuracy of information on economy?

We use verified data to ensure that the information about economy is well-supported and valuable for our readers.