Economy Financial News
05.05 / 11:15
UPS
Art
economy
show
innovations
stars
Videos
A winner-takes-all economy is bad for innovation and art
I was disappointed by this year’s Whitney Biennial—it was hard for me to tell if one video installation was art or an HR training video—but as an economist, I have to admit the exhibition was successful in at least one respect: It did what art is supposed to do, which is to hold up a mirror to our society and economy. And this year’s biennial shows how America’s elite institutions are stifling innovation and creativity. The theme of this year’s show was to use AI and the “rhetoric around gender and authenticity" to “explore the permeability of the relationships between mind and body, the fluidity of identity, and the growing precariousness of the natural and constructed worlds." I liked some of it, but I was not alone in my disappointment.
05.05 / 11:15
markets
economy
country
Berkshire Hathaway bullish on India? Warren Buffett hails 'unexplored opportunities', says ‘next management may…’
corporate governance, the economy, etc. Rajeev Agarwal of DoorDarshi Advisors asked Warren Buffett if Berkshire Hathaway is actively seeking opportunities in India. The nonagenarian investor responded with a description of the 'loads of opportunities' India has but left it to future management to decide.
05.05 / 07:27
markets
Provident
economy
FLEX
International
Air India reduces cabin baggage allowance to 15 kg for lowest fare segment
Economy Class, both 'Comfort' and 'Comfort Plus' fare families now provide 15 kg baggage allowance, while 'Flex' provides 25 kg allowance. "The Business Class baggage allowance on domestic routes ranges from 25 kg to 35 kg.
05.05 / 06:43
markets
UPS
Manufacturing
economy
Trade
shock
International
The rocket fuel behind China Shock 2.0: Weak currency, deflation
SINGAPORE—In explaining China’s recent export surge, which has alarmed business leaders and politicians in the U.S. and Europe, many have blamed the country’s lavish manufacturing subsidies and bulging industrial capacity. But there is another factor at play: China’s currency, and inflation—or its absence.
05.05 / 05:53
economy
performer
Mohammed Siraj 'manifested' success against Gujarat Titans; RCB pacer reveals how he overcame sickness to perform
Mohammed Siraj had struggled to make an impact this season, taking just 8 wickets at an economy rate of 9.26 and a strike rate of 28.50 in 10 games for his team. However, Siraj, who has also been selected in India's T20 World Cup squad, finally found his groove against Gujarat Titans on Saturday.
05.05 / 04:35
markets
UPS
IPO
economy
track
Will Nifty make up for Friday’s loss? 6 factors to track this week
Nifty ended last week marginally higher as earnings, Fed meeting and election-related speculations kept investors busy. While most sectors are contributing positively except for IT, banking performance is likely to heavily influence market sentiment, analysts say.
05.05 / 03:27
markets
Action
economy
Tesla
reports
Yen's rise prompts US official Janet Yellen's cautions on ‘currency intervention’ by Japan
Also Read | Japan’s Kanda Declines to Say If Authorities Intervened on Yen Yellen acknowledged that the yen had experienced significant shifts in a short period, stating, “We would expect these interventions to be rare and consultation to take place." This statement follows reported actions by Japanese authorities who purportedly entered the market to bolster the yen after it fell beyond 160 to the dollar for the first time in 34 years, and again after comments by Federal Reserve Chair Jerome Powell on U.S. interest rates, the report further added.
05.05 / 03:19
COST
Target
economy
Boeing
wellness
show
How far will BoE move away from Fed's stance? Investors await a clearer signal
Bank of England may offer a clearer signal in the coming week on whether it plans to cut interest rates this summer, just as investors bet on a delayed outlook for easing. Ahead of Thursday’s decision, Governor Andrew Bailey has distanced Britain from resurgent consumer price pressures in the US, pointing to “strong evidence” of UK inflation receding.
05.05 / 03:03
markets
UPS
economy
TikTok
Food
show
Videos
How TikTok is wiring Gen Z’s money brain
Americans under 30 get much of their news on TikTok. They hear about money there, too, and that’s shaping the way they save, spend and view their financial prospects, young adults and economists say. Caitlyn Sprinkle, 27 years old, describes her TikTok feed as a mix of economic gloom and consumerism gone wild.
04.05 / 17:53
UPS
Provident
Waters
economy
Sustainability
innovations
Schools
Turning trash into cash: Entrepreneurs redefine waste management
municipal solid waste into charcoal, a project for which he has set up a plant in Gangoh, a nondescript town in Uttar Pradesh’s Saharanpur district. “Cogo (Eco-Tech Solutions) is a Latin word, meaning bringing together,” says Kurishingal, 59, with a smile on his face as he points towards the logo on the new machines. “The USP of this Make-in-India technology is that it requires no segregation of waste at all. All types of waste can be put into a single machine.”
04.05 / 16:27
04.05 / 15:07
UPS
economy
wellness
performer
Resting Bumrah will actually be better as...: Ex-cricketer suggests MI citing T20 World Cup
ALSO READ: Graeme Smith calls Mumbai Indians' 'confused unit', says Hardik Pandya 'under pressure' However, Jasprit Bumrah emerged as the top performer for MI, picking up three crucial wickets by conceding only 18 runs off his 3.5 overs. With Mumbai Indians' season not going well and the team's chances of qualifying for the playoffs slim, former India opener Wasim Jaffer suggested Hardik and the MI team management give Jasprit Bumrah rest. He cited the upcoming ICC Men's T20 World Cup, which will begin on June 1 in the US and West Indies.
04.05 / 06:19
economy
Remark
'First of all...': Jaishankar corrects Joe Biden after he calls India 'xenophobic'
One of the reasons why our economy's growing is because of you and many others. Why? Because we welcome immigrants," Joe Biden said at a Washington fundraising event, adding, “Why is China stalling so badly economically, why is Japan having trouble, why is Russia, why is India, because they're xenophobic.
04.05 / 06:19
security
economy
Remark
President
country
Relationships
What did Joe Biden mean when he called India 'xenophobic'?
Because we welcome immigrants," Joe Biden said at a Washington fundraising event, adding, “Why is China stalling so badly economically, why is Japan having trouble, why is Russia, why is India, because they're xenophobic. They don't want immigrants. Immigrants are what makes us strong," Joe Biden said.
04.05 / 02:23
UPS
Target
economy
President
country
reports
NOT
India not xenophobic, but one of the most welcoming nations: S Jaishankar
NEW DELHI: External affairs Minister S Jaishankar rejected US President Joe Biden’s description of India as “xenophobic” and grouping it with countries said to be economically troubled. “First of all, our economy is not faltering,” he said at the ET Roundtable on Friday. “India is always… India has been a very unique country… I would say actually, in the history of the world, that it's been a society which has been very open… different people from different societies come to India." Jaishankar also cited the Narendra Modi government’s legislation that facilitates such a welcome. “That's why we have the CAA (Citizenship Amendment Act), which is to open up doors for people who are in trouble… I think we should be open to people who have the need to come to India, who have a claim to come to India.”
03.05 / 21:27
03.05 / 20:09
UPS
FIVE
economy
Death
wellness
President
Warren Buffett gears up to meet investors sans Charlie Munger by his side
Warren Buffett will command centrestage at Berkshire Hathaway's annual meeting on Saturday, but someone who won't be there is his influential sidekick Charlie Munger. The meeting is Buffett's 60th since he took over Berkshire in 1965 and the first since the death of his longtime friend, business partner and foil Munger at age 99 in November.
03.05 / 17:51
markets
economy
War
show
country
International
Brent, WTI shed 6% as oil heads for steepest weekly drop in 3 months: What's cooling down the commodity?
₹6,551 per barrel on the multi commodity exchange (MCX). -US job growth slowed more than expected in April and the annual wage gain cooled, data showed on Friday, prompting traders to raise bets that the US central bank will deliver its first interest rate cut this year in September. -Analysts said that the economy is slowing a little bit.
03.05 / 17:39
markets
economy
Invesco
Trade
show
reports
Department
US economy adds 175K jobs in April, much weaker than expected
Invesco global market strategist Brian Levitt discusses the economy's rate of growth and the rate of inflation on 'Barron's Roundtable.'
03.05 / 17:39
Career
Manufacturing
economy
Trade
hospital
reports
Department
April jobs report breakdown: Which industries hired the most workers last month?
A 'Mornings with Maria' panel reacts to the March jobs report, the Fed's expected rate cuts, inflation, A.I. stocks and Biden's 2025 budget proposal.
03.05 / 17:37
UPS
Target
FIVE
economy
wellness
trends
David Rosenberg: Why the Bank Of Canada needs to start cutting rates … Now
The most important inflation metric, the CPIX, which excludes the eight most volatile segments of the index, is running at 2.1 per cent on a year-over-year basis. That is pretty well on target, barely higher than the pre-COVID-19 trend, and less than half the pace of a year ago.
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