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Highways and airports are likely to be jammed in the coming days as Americans head out on and home from Memorial Day weekend getaways

«I think RBI has been building up the forex reserves which are essentially being invested in securities which are overseas sovereign securities. The bond yields generally have gone up. In US bond yields have remained in the range of about 4% to 4.5%, even up to 5% on a short-term has gone up to 5%,» says A Balasubramanian, MD & CEO, ABSL AMC. It is like a good birthday gift the economy has got. Nobody was expecting such a big fat dividend from RBI. And at least one lakh crore is something which has come as a surprise number. I mean 70,000, 80,000 crore is something which was anticipated and expected. Maybe one lakh crore was expected. But 2,10,000 crore, nobody was expecting. Why do you think Reserve Bank of India has given this dividend? I mean, what has changed on their balance sheet which has in a sense, prompted them to be so generous with the dividend payout? I think as you rightly put it, the average dividend declaration that used to happen every year somewhere in the range of about 65,000 to 80,000 crores numbers. And these are, of course, numbers, one, it came as a big surprise and second, there are reasons as well for that.

Speaking at a press conference outside of Number 10 Downing Street today (22 May), the Prime Minister said he has asked King Charles III to dissolve parliament to hold a General Election on 4 July 2024, which was granted. Sunak said over the last four years, the UK has gone through some of the «darkest days», from a global pandemic to «war returning to Europe». However, he noted «economic stability is the bedrock of any future success», and as the UK economy is currently growing faster than predicted and many developed economies, and with inflation «back to normal», he decided to call...

Also Read: Lok Sabha Election 2024: Complete list of 58 seats voting in Phase 6 on May 25As a first-time observer of Lok Sabha elections in the country, Garcetti has called the stupendous execution of Lok Sabha elections campaigning and voting “very inspiring".“It's extraordinary to see the world's largest democracy execute the biggest election in the world and we've seen incredible, vibrant campaigning, we've seen parties, we've seen rallies, and it's something, just as a first-time observer, that is very inspiring to see. So, you know, I wish India and Indians luck," Garcetti told ANI in an interview.

Federal Reserve officials expressed growing concern about inflation during their most recent meeting, with many members hesitant to move forward with interest rate reductions.

Federal Open Market Committee gathering ending May 1 showed that, while participants assessed that policy was “well positioned," various officials mentioned a willingness to tighten policy further if warranted. “Participants noted disappointing readings on inflation over the first quarter," according to the minutes released Wednesday in Washington.

₹2.1 trillion, the figure for 2023-24—to be paid in 2024-25—is the highest ever. It’s nearly double the ₹1.02 trillion anticipated by the Centre for its annual budget.

liquidity, as measured by bank borrowings from the Reserve Bank of India (RBI), has widened to the highest level in four months as tax outflows and constraints on government spending amid elections have left lenders with a cash crunch, pushing up overnight borrowing costs. The latest RBI data showed that as of May 21, net liquidity injected into the banking system was at ₹2.55 lakh crore, the highest since January 30. Fund injections by the RBI reflect banks' borrowings from the central bank's liquidity windows.

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The U.S. stock market has been swooning. But there are risks that threaten to put a lid on the euphoria.

DoubleLine Capital CEO and founder Jeffrey Gundlach discusses the state of the U.S. economy, rate hikes, the impact of the 2024 election and Biden's handling of Israel amid its war with Hamas.

Bolvin Wealth Management Group President Gina Bolvin discusses the move in commodities, expected inflation data, the housing industry and her outlook for consumers.

Reserve Bank of India (RBI) on Wednesday said it would pay a record dividend of `2.1 lakh crore for FY24 — more than double the amount the Centre had budgeted for — as Mint Road made windfall interest gains from its overseas investments. The benchmark bond yield retreated below 7% on expectations that New Delhi would now need to borrow less this fiscal year. “The higher dividend is welcome, of course,” finance secretary TV Somanathan told ET. “It exceeds our estimate by 0.2-0.3% of GDP.”

After several unexpectedly high inflation readings, Federal Reserve officials concluded at a meeting earlier this month that it would take longer than they previously thought for inflation to cool enough to justify reducing their key interest rate, now...

India has achieved a significant milestone, with its market capitalisation crossing the $5 tn mark on Tuesday, tripling in a decade of robust reforms and economic progress. The most heartening features of this growth in wealth have been: Fall in the share of foreign institutional ownership from 19.13% to 16.51%, accompanied by a corresponding rise in domestic ownership. Small investors, typically participating through mutual funds, have seen their ownership rise from 3.33% to 8.87%.

Prime minister, the 2014 Lok Sabha campaign was strongly anchored in the fight against corruption. In 2019, it was the 'labharthi' model reaching every segment of society, besides the national security imperative that took centre stage. The 2024 Lok Sabha election campaign was expected to be pitched on 'vikas' and 'Viksit Bharat'. But it seems to have turned communal and polarising, your thoughts? Perhaps, you find it polarising because you have not examined the crux of the matter. What is truly communal and polarising is Congress party's manifesto, their issues and their intent. It is my duty to expose them. Just because I am exposing them, you think it is polarising. You noted it correctly that in 2014, corruption was the main issue. In 2019, it was labarthis. In 2024, the main issue is Viksit Bharat. People across the country know that this is an important election which will ensure that we reach Viksit Bharat at the speed of the country's aspirations.

Americans for Tax Reform President Grover Norquist discusses President Biden's 2025 budget proposal on 'The Bottom Line.'

British Prime Minister Rishi Sunak was due to address the nation on Wednesday amid mounting expectations that he will call a summer general election. Sunak's office confirmed that he would issue a statement statement after positive economic figures set Britain's political rumor mill alight with speculation that an election might be imminent. Multiple British media outlets said he would name a July 4 date for the election.

RBI has transferred a record surplus of Rs 2.1 lakh crore to the central government for FY’2023=24 on account of windfall interest income from investment in overseas securities and income from LAF operations. . The huge windfall for the government puts in a much stronger fiscal position and opens up the possibility of a cut in borrowing. Banking system liquidity is also set to get a boost once the government resumes spending after the elections The windfall dividend is well above the Rs 1.05 lakh crore estimated in the the Interim Budget for FY2025 under dividends and profits, which also includes dividends from public sector banks and other undertakings.

While there’s still room for surprises, Canadian banks are set to report results after a second quarter that was notable for its economic steadiness.

U.S. stocks are drifting around their records, continuing a dayslong run of quiet trading