Economy Financial News

03.05 / 12:53

COST UPS economy show reports Interviews Small businesses are racking up credit card debt, raising some concerns

Joanne Trattoria owner and Lady Gaga's father Joe Germanotta talks the economy and inflation, NYC crime and the state of small business in a wide-ranging interview on 'Mornings with Maria.'

03.05 / 11:59

COST economy Trade show reports Gold heading for worst weekly loss since February

Gold headed for its first back-to-back weekly loss in more than two months on concerns that the Federal Reserve may take longer to cut interest rates than previously expected as inflation risks persist.

03.05 / 11:59

markets Apple economy Research show track reports Tech stocks gain ahead of US jobs report

European stocks tracked a tech-driven rally in Asia as investors awaited a critical US jobs report due later on Friday. The yen surged to a three-week high.

03.05 / 08:45

markets economy MSCI Trade performer Chart Beat: Promoters ditch large caps and mid caps alike as crude worries loom

Also read: Biden’s take on India’s economy is both bizarre and bothersome Investor are cautious for several reasons even as the Indian economy is expected to perform better than its Asian peers in FY25. A key near-term worry is elevated crude oil prices, which would reduce companies' profits and hamper India’s fiscal position.

03.05 / 05:25

UPS economy President Pride country audience Biden’s take on India’s economy is both bizarre and bothersome

blamed “xenophobia" for stalling economic growth in Japan, China and India. His comment will be read with a lot of surprise, especially in India, as will his characterisation of India’s economic growth as “stalling", and clubbing it with the decidedly slow-growth club of China and Japan. Biden made the comment at a fundraising event for his 2024 re-election campaign, so it could be argued that it was for a domestic audience.

03.05 / 03:31

Reuters economy WhatsApp Trade show Indian rupee to keep in a tight range amid constant RBI intervention: Reuters poll

Indian rupee will hew a close path to the U.S. dollar over the coming three months as regular interventions from the Reserve Bank of India keeps the currency on a tight leash, a Reuters poll of analysts found. The RBI has kept the rupee in a narrow range against the dollar and is only down about 0.3% this year unlike most of its Asian peers which have weakened a lot more.

03.05 / 02:09

Compilation economy wellness show performer track Pharmaceuticals Hedge funds are making a run for safety, says Goldman

Hedge funds are turning increasingly defensive as uncertainty around geopolitics and the path of interest rates, as well as the stock market’s April swoon, has investing pros spooked.

03.05 / 02:02

markets economy pandemic show 2020 reports Department jobless claims Number of Americans applying for jobless claims remains historically low

The number of Americans applying for unemployment benefits was unchanged last week and remains historically low as the labor market continues to show resiliency in the face of high interest rates and elevated inflation

03.05 / 02:01

markets COST Target Ripple economy consequences reports The Fed indicated rates will remain higher for longer. What does that mean for you?

The Federal Reserve’s decision Wednesday to keep its benchmark rate at a two-decade high should have ripple effects across the economy

03.05 / 02:01

markets UPS economy Trade show reports Stock market today: Wall Street climbs to trim its loss for the week

U.S. stocks closed higher and trimmed their losses for the week

03.05 / 02:01

COST UPS Target economy show Equality Czech central bank cuts a key interest rate again with inflation down and the economy on the mend

The Czech Republic’s central bank has cut its key interest rate for the fourth straight time as inflation dropped and the economy has shown signs of recovery

03.05 / 02:01

UPS Target Racing economy President Department Send us Patriots: Ukraine's battered energy plants seek air defenses against Russian attacks

Ukrainian energy workers are struggling to repair the damage from intensifying airstrikes aimed at pulverizing Ukraine’s energy grid

02.05 / 21:57

markets economy CIBC performer country inclusion reports Posthaste: Capital gains tax hike will hit more Canadians than we thought

Ottawa’s hike to the capital gains tax has been slammed as a blow to Canada’s productivity, but closer to home, it will also hit your stock portfolio, say analysts.

02.05 / 20:01

markets FIVE Progressive Gap economy love reports Can the Bank of Canada cut rates before the U.S.? What Macklem, economists say

The head of the Bank of Canada says there’s a “limit” to how much Canadian monetary policy can diverge from the United States as market watchers see earlier cuts coming north of the border.

02.05 / 18:21

UPS Action economy Election Southern community Lok Sabha elections: Maulana Badruddin Ajmal sweats it out in Dhubri

Maulana Badruddin Ajmal, seeking re-election to the Lok Sabha seat is sweating it out in Dhubri. He is up against Congress’s Rakibul Hussain, a prominent leader from Muslim minority community and former minister. BJP’s ally in state government, Asom Gana Parishad (AGP), has fielded Zabed Islam from Dhubri setting up a multi cornered contest in Dhubri.

02.05 / 17:46

markets COST UPS Provident economy Healthcare country Why India needs to give more power to its regulators

The way the pot can't call the kettle black, hardly any product seller or service provider can take the 'holier than thou' stance against others. The Supreme Court's rebuke to the Indian Medical Association (IMA) during the Patanjali misleading advertising case hearing, asking it to also put its house in order, given the complaints of unethical conduct by allopathic doctors, is an instance in point here. Lack of effective regulations and their poor implementation is one of the major reasons for consumers' disempowerment over the years. Regular instances of product contamination, deficiency in services and involuntary product recalls or bans ordered by other countries point to the lack of regulatory deterrence among Indian businesses.

02.05 / 16:27

economy Election President Freedom country Ahead of elections, Biden calls India, China, Russia and Japan 'xenophobic'

Joe Biden has called two of his QUAD partners — India and Japan — and two of his adversaries — Russia and China — "xenophobic" nations, asserting that none of these countries, unlike the United States, welcome immigrants. «This election is about freedom, America and democracy. That's why I badly need you. You know, one of the reasons why our economy is growing is because of you and many others. Why? Because we welcome immigrants,» Biden told his supporters at a fundraiser here on Wednesday evening.

02.05 / 14:07

UPS economy country 97.76% of ₹2,000 bank notes already returned, says RBI

₹2000 banknotes in circulation as of May 19, 2023, have already been returned, said the Reserve Bank of India (RBI) in an announcement made on Thursday. The central bank added that ₹2000 banknotes will continue to be legal tender. Besides, the total value of ₹2,000 banknotes in circulation, which was ₹3.56 lakh crore at the close of business on May 19 last year, when the withdrawal of ₹2000 banknotes was announced, has now fallen to ₹7,961 crore on April 30, 2024, the announcement further states.

02.05 / 12:57

UPS Manufacturing CEO economy Continental pandemic International Europe takes radical steps to boost production; ‘There is no other option’

FLAMANVILLE, France—Early this year, a top European Union official made an eye-catching proposal: A €100 billion public fund that would curb Europe’s reliance on U.S. defense manufacturers, who make nearly two-thirds of Europe’s military hardware. The cash could subsidize European companies to develop and manufacture more weapons at home at a time when the continent faces a growing threat from Russia.

02.05 / 12:57

markets UPS Apple economy Trade stage Buffett rules out ‘eye-popping’ returns. But investors aren’t listening.

Warren Buffett recently warned that Berkshire Hathaway has “no possibility of eye-popping performance." That hasn’t cooled the ardor of his fans, who could make Berkshire the only non-tech company in the U.S. worth $1 trillion. Shares of the sprawling conglomerate-—which operates businesses from insurer Geico to BNSF Railway and owns big chunks of Apple and American Express—have roared ahead of the broader market this year, even as Buffett, 93 years old, adapts to running Berkshire without the counsel of his longtime friend and partner Charlie Munger, who died in November at 99.

02.05 / 12:15

markets Booking economy wellness travelers International Destinations India among fastest-growing markets with potential to be among top 10: Airbnb CBO

India is one of the «fastest-growing markets» for online accommodation hosting platform Airbnb and the country has the potential to be among its top 10 global markets in the coming years, according to its Chief Business Officer Dave Stephenson. The company is investing in India to tap the opportunity of a rapid rise in tourists travelling to foreign destinations as well as domestic places that are rapidly growing post-pandemic and where 90 per cent of its first-time bookers are Gen Zs. «It (India) is one of our growth markets and we see a huge opportunity for growth in India in the future. In India, nights booked grew by almost 30 per cent YoY (Year-on-Year) in 2023 compared to 2022, which is a positive sign,» Stephenson told PTI.

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