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maintained its key overnight interest rate at the 23-year high mark since July 2023 and has now indicated holding rates high until inflation cools and moves consistently to the target range. The FOMC minutes showed that most members remained concerned about the lack of progress on inflation. The FOMC minutes showed that the bar for easing remains fairly high as the need to maintain a restrictive regime was emphasized.

There has been a lot of talk lately about Canada’s dismal growth, but now a new report warns that we could be stuck in it for another two decades.

Consumer confidence in the U.S. rose in May following three straight months of declines, but Americans remain anxious about elevated inflation and interest rates

Melinda French Gates says she will be donating $1 billion over the next two years to individuals and organizations working on behalf of women and families globally, including on reproductive rights in the United States

BJP and Prime Minister Narendra Modi, Congress leader Rahul Gandhi declared that the BJP's reign will end on June 4, ushering in a return to prosperity for the nation. Addressing a rally, Rahul emphasized that only seven days remain for the 'fake fakir' who deceives the public. «After June 4, it's Goodbye BJP, Goodbye Narendra Modi. Only 7 days left for the fake fakir who deceives the public. INDIA is garnering votes — Khata Khat Khata Khat! The country will break free from the BJP; better days are on the horizon — Fata Fat, Fata Fat,» Rahul asserted. Rahul also criticized Modi for his 'sent by God' remark. Responding to Modi's recent assertion of feeling «sent by God,» Rahul Gandhi taunted the PM, suggesting, «God sent Modi to aid Adani, not the impoverished.» He further asserted that the INDIA bloc will reinvigorate the economy upon assuming power.

Investors up and down Toronto’s Bay Street are increasingly betting on a June rate cut in Canada, potentially giving a boost to Canada’s long-suffering bank stocks.

DK Joshi, Chief Economist, CRISIL, says what is currently playing out is that when the households put money in financial assets, they are moving a little away from the bank deposits towards higher paying assets like mutual funds or stocks or for that matter they could be acquiring more gold right now, and so there is that change of preference taking place towards financial assets that offer you higher returns that could even be small savings. You have come out with a note where you have made some observations regarding the citizens and the country's working class and their savings versus borrowing behaviour. What is a bit surprising and I would say a bit worrying also is that the borrowing growth rate is way higher than savings growth rate. Is it a worrying trend? DK Joshi: What happened since the pandemic struck is that during the pandemic we had no option to consume, so we were saving. After that, savings slowed down a bit and consumption picked up. That was the broad trend. But coming to the savings part, there are two things happening.

Federal Reserve Bank of Cleveland President Loretta Mester said the US central bank should consider ways to better communicate to the public how economic conditions will affect future policy decisions.

Dubai, 28 May 2024 – FanTV, a leading SocialFi platform empowering the Creator economy, announced today a major milestone of onboarding over 1 million new user accounts on Sui, the Layer 1 blockchain and smart contract platform. This achievement accounts for 48% of the 2.6 million wallet growth on Sui over the last week. This significant growth highlights the successful impact of integrating blockchain technology with social media platforms, enhancing user engagement and expanding the reach of decentralized networks. FanTV’s integration of Sui marks a pivotal step in the mainstream adoption of blockchain solutions in the content streaming landscape.

lumpsum amount before 4th June to benefit from the trend. However, stock market investments should not be made with one date in mind (4th June 2024 in this case). Hence, you should refrain from investing a lumpsum amount before 4th June to benefit from a one-day trend.

Gulzar Natarajan and I wrote that nations may be ill-advised to rely on private capital for the investments they need to make to deal with climate change. However, Brett Christophers takes this argument further in his book, The Price is Wrong: Why Capitalism Won’t Save the Planet. He delves into why private capital, despite its potential, will not invest enough in renewable-energy generation capacity for the planet to achieve its goal of limiting temperature increase to 1.5° Celsius above pre-industrial levels.

AbleCredit, a credit underwriting company, has raised $1.25 million in the seed round led by Merak Ventures, with participation from Venture Catalysts and Helios Holdings. The investment from Merak Ventures will enable the startup to scale its operations, along with business growth and expansion, it said.

Shares are mixed in Asia after U.S. markets were closed for the Memorial Day holiday

Just 81,000 people live in rural Chatham County in North Carolina, where there are more than 1,000 farms

Finance officials from the Group of Seven rich democracies say they have moved toward agreement on a U.S. proposal to squeeze more money for Ukraine from Russian assets frozen in their countries

₹2.11 lakh crore dividend to the government for the financial year 2023-2024, which was more than double the market had expected. A higher dividend amount provides a great deal of flexibility to the central government on the fiscal side and this positive surprise enthused all the markets with lower bond yields, rupee appreciating and the stock markets hitting new highs.Also Read: RBI dividend boost to help in improving budget math“The maximum impact of the higher dividend was seen at the longer end of the curve with bond markets feeling optimistic about a cut in government borrowing when the full Budget is presented in July," said Puneet Pal, Head-Fixed Income, PGIM India Mutual Fund.Yields at the shorter end of the curve also came down as a result of lower borrowing in T-bills as announced last week to reduce the government surplus which may go up to ₹6 lakh crore after the transfer of the RBI dividend.

«But for me, it is largecaps the way forward and I am pretty clear that this is also a choice based on one's own, pardon my saying so, but age and stage in life if you will. I am not one who would go gung-ho on smallcaps, at least not at this point in time,» says N Jayakumar, MD, Prime Securities. And given that the markets are also leaning on the high possibility of continuity and that is perhaps what is giving a lot of comfort, what would be the allocation when it comes to large, mid and smallcaps? I think at this point in time the greatest comfort is in largecaps. They may give lower returns than some of the midcaps and certainly less than some of the smallcaps but I think at 23,000 preservation of capital is far more important than return on capital and this is especially true I would say for this year which is 24-25 at least for the first half.

Exide Industries, Tata Motors DVR and Bharat Forge skyrocketing about 100-140 per cent.Out of 16 components in the index, as many as nine stocks have surged over 75 per cent in the last one year, according to Trendlyne data.Expectations of robust sales in FY25 are among the biggest factors boosting automobile stocks. A revival in the rural market has driven this surge, as forecasts of a normal monsoon and stable raw material prices promise healthy margins.Experts believe the two-wheeler market may outshine the passenger and commercial vehicle segments in volume growth.Also Read: Lok Sabha elections 2024 trading: Kripashankar Maurya of Choice Broking recommends buying these 7 stocks for short termAtul Parakh, the CEO of Bigul pointed out that automobile stocks have surged due to strong demand fueled by economic reopening, consumer spending shifts post-pandemic, and the transition to electric vehicles (EVs).

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Gold prices on Tuesday fell by Rs 2,433 from a high of Rs 74,442 per 10 grams on May 20 to Rs 72,009 per 10 grams on May 27. MCX gold June futures today opened flat, down by Rs 98 at Rs 71,911 per 10 grams while July silver contracts opened at Rs 94,640, up by Rs32 or 0.03%. Gold held its gains as traders anticipated US inflation data this week, which could impact the timing of the Federal Reserve's decision to cut interest rates. After rising 0.7% on Monday, gold remained steady.

Inflation in the US saw a slower-than-expected rise in April, with the consumer price index (CPI) increasing by 3.4% year-over-year, according to the latest data. The core CPI, which strips out the volatile food and energy sectors, softened for the first time in six months.