Economy Financial News

08.04 / 15:31

markets COST Progressive CEO JPMorgan economy Jamie Dimon warns inflation, interest rates may remain elevated

JPMorgan Chase CEO Jamie Dimon on the Federal Reserve's rate trajectory, 2024 economy, looming bank regulations and artificial intelligence.

08.04 / 15:31

UPS Fox economy trends reports rights Interviews Surge in US small businesses started as side hustles

Employbridge’s Joanie Bily explains what the March jobs report says about the state of the U.S. economy on Making Money.

08.04 / 14:59

markets UPS economy War reports Stock market today: Wall Street holds steadier after last week's bumpy ride

Stocks are holding steadier on Wall Street after last week's roller-coaster end left them shy of their records

08.04 / 14:59

markets CEO JPMorgan economy wellness War country NOT JPMorgan's Dimon warns inflation, political polarization, wars creating risks not seen since WWII

The nation’s most influential banker, JPMorgan Chase CEO Jamie Dimon, told investors that he continues to expect the U.S. economy to be resilient and grow this year

08.04 / 14:59

UPS DOW economy show reports How major US stock indexes fared Friday, 4/5/2024

Stocks posted solid gains on Wall Street as a strong report on employment showed the U.S. economy continues to chug along

08.04 / 14:59

markets Provident Cooper Manufacturing economy Trade reports US and China plan talks on economics, including manufacturing issue, Yellen says

U.S. Treasury Secretary Janet Yellen says upcoming U.S.-China talks will tackle a top Biden administration complaint that Beijing’s economic model and trade practices put American companies and workers at an unfair competitive disadvantage

08.04 / 14:59

COST Target economy trends President show reports NOT When will Fed cut rates? As US economy flexes its muscles, maybe later or not at all

Ever since the Federal Reserve signaled last fall that it was likely done raising interest rates, Wall Street traders, economists, would-be homeowners — pretty much everyone — began obsessing over a single question: When will the Fed start cutting rates

08.04 / 14:59

UPS Manufacturing Fighting economy Remark Trade reports Will China flood the globe with EVs, green tech? What's behind latest US-China trade fight

China’s burgeoning production of electric cars and other green technologies has become a flashpoint in a new U.S.-China trade fight

08.04 / 14:41

UPS Ball economy stars bowling IPL 2024: Ravi Bishnoi gets Jonty Rhodes' applause for 'best catch', says 'If you don't put your hands...'

ALSO READ: Who is Yash Thakur? Lucknow’s hero in LSG vs GT match took the first fifer of IPL 2024 against Gujarat Dismissing the New Zealand batter, Bishnoi caught Williamson off his bowling as he leaped sideways. Praising Bishnoi, LSG fielding coach Jonty Rhodes decoded the catch and said, as quoted by IPL, "If you don't put your hands there, you never know. Someone like Ravi, he completely exhausts me and never misses a single day of practice.

08.04 / 14:33

Extreme Action economy wellness social reports shock Climate change poses challenges for monetary policy, says RBI report

Mumbai: Frequent weather shocks caused by climate change pose challenges for the monetary policy as well as downside risks to economic growth, a Reserve Bank report said. Global average temperatures are on a rise, with accompanying increase in extreme weather events (EWE), and the economic and social impact of global warming is becoming increasingly evident, said RBI's Monetary Policy Report — April 2024. The report said that climate change has increased the frequency and ferocity of weather shocks, posing challenges for monetary policy. It said there are different channels through which climate change can affect monetary policy.

08.04 / 12:37

markets UPS economy Trade War band country Rupee vs Dollar: INR to remain range bound in near term, offer hedging opportunities to importers, exporters

foreign portfolio investors (FPIs) would have an impact on the movement of rupee against the US dollar bringing it to the downside on occasion. While the USD-INR pair is expected to remain in a range between 82 and 84 for FY 2025, in the near term 83.50 looks like a strong resistance for the pair while 82.50 acts as a strong support. These aforementioned support and resistance levels will remain sacrosanct for the Reserve Bank of India (RBI) and the Central Bank will likely keep the pair within this range to ensure all-round stability.

08.04 / 12:37

markets CEO JPMorgan economy wellness War country NOT JPMorgan's Dimon warns inflation, political polarisation, wars creating risks not seen since WWII

JPMorgan Chase CEO Jamie Dimon, told investors Monday that he continues to expect the US economy to be resilient and grow this year. But he worries geopolitical events including the war in Ukraine and the Israel-Hamas war, as well as US political polarisation, might be creating an environment that «may very well be creating risks that could eclipse anything since World War II.» The comments came in an annual shareholder letter from Dimon, who often uses the letter to weigh in broad topics like politics, regulation and global events and what it might mean to JPMorgan Chase, as well as the broader economy.

08.04 / 11:35

markets JPMorgan economy Tesla wellness Trade reports Bonds drop as traders ease expectations for rate cuts

Global bonds dropped and stocks posted mostly small moves as traders pared their expectations for interest-rate cuts in the face of resilient readings on the US economy.

08.04 / 10:51

markets MET economy DISH Trade testing Relationships Yellen’s tough message to China on exports tests fragile detente

BEIJING—When Treasury Secretary Janet Yellen met her Chinese counterpart in Switzerland early last year, she tiptoed around controversial issues, only raising trade disagreements during a brief, one-on-one coffee break with Liu He, then China’s vice premier, according to people familiar with the meeting. In China over the past few days, Yellen wasn’t so shy. She hammered Chinese officials for exporting too many clean-energy goods, warning regional officials, as well as Vice Premier He Lifeng and Premier Li Qiang, to scale back industrial production.

08.04 / 10:29

markets UPS economy Sustainability Trade Experts Cycling HDFC Bank, ICICI Bank to IndusInd Bank — 4 Nifty Bank stocks give breakout today. Do you own any of them?

Breakout stocks: Amid Bank nifty index rising for the four straight sessions, four banking stocks listed in the index have given breakouts either on a closing basis or daily. According to stock market experts, those four breakout stocks listed in the Bank Nifty index are HDFC Bank, Kotak Mahindra Bank, ICICI Bank, and IndusInd Bank. They said that the market has taken an interest rate cut cue from the RBI monetary policy as the RBI Monetary Policy Committee is waiting for the US Fed to initiate a rate cut.

08.04 / 09:49

markets UPS economy wellness performer Nifty Bank vs Nifty IT: Which index should you invest in for long term?

Read here: Tata Motors vs M&M: Which auto major should you pick for the long term? In 2024 YTD, both Nifty Bank and Nifty IT gave positive returns in 3 of the 4 months so far. Nifty Bank added 2 percent in April so far, extending gains for the 3rd straight month. It also rose 2.2 percent in March and 0.3 percent in February, however, fell 4.75 percent in January.

08.04 / 09:49

UPS economy Sustainability Boxing pandemic shooting travelers China holiday activity tops prepandemic levels, adds to recovery signs

China’s weak consumer activity got a temporary boost from the Qingming holiday ended Saturday, during which more travelers hit the road, adding to signs of green shoots in the world’s second-largest economy. Official data released over the weekend show that Chinese tourists made 119 million domestic trips during the three-day holiday, up 11.5% from the same period in 2019 before the pandemic.

08.04 / 07:27

UPS MET Cooper economy Remark Trade Yellen says U.S. plans to ‘underscore’ need for China to shift policy

BEIJING — U.S. Treasury Secretary Janet Yellen said Monday that future discussions between the U.S. and China will focus on Beijing's need to shift its policy on industry and the economy.

08.04 / 07:07

markets economy Sustainability Trade performer Updates D-Street Record: BSE-listed companies reach ₹400 lakh crore market cap for first time

₹400 lakh crore for the first time during today's trading session. This achievement comes amid a sustained rally in the large, mid and small-cap stocks, extending for the third consecutive session, with heavyweight stocks playing a major role in driving the surge. The market sentiment has been bolstered by positive financial updates from numerous companies, setting an optimistic tone ahead of the upcoming earnings season.

08.04 / 03:57

markets UPS Provident ETF Platform economy Trade The gold market hunts for answers behind bullion’s sudden surge

Gold’s scorching run to an all-time high may seem easy to explain from a distance, given the fractious geopolitical climate and murky outlook for the global economy. The precious metal is famously seen as a “safe haven,” and the general view is that bullion prices should rise when interest rates fall — which many investors expect will happen later this year. And yet. Take a closer look, and it’s far from clear: why is gold suddenly rising right now?

08.04 / 03:13

UPS economy Southern show reports Rate Cut Asia stocks hesitant, dollar firms as US payrolls dent Fed rate cut wagers

Oil prices fell nearly 2% as Middle East tensions eased after Israel withdrew more soldiers from southern Gaza, while gold prices slumped 1% after scaling record high on Friday as U.S. Treasury yields remain elevated.

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