Economy Financial News

Joe Biden was set to Baltimore on Friday to survey the site of a collapsed bridge and meet families of the six construction workers who died, amid growing tensions in Congress over using federal dollars to rebuild the bridge. A cargo ship crashed into the Francis Scott Key Bridge on March 26, sending it collapsing into the harbor. Work to clear the wreckage and restore traffic through the Mid-Atlantic state's shipping channel is ongoing.

Stock market today: Sensex, Nifty 50 end flat after RBI policy decision; geopolitical tensions, crude oil prices weigh Ten out of the 11 primary S&P 500 sectors saw gains, with communication services leading the charge, up by 1.6 per cent. Krispy Kreme rose by 4.7 per cent following an upgrade by Piper Sandler, shifting its rating from "neutral" to "overweight". Shockwave Medical also saw an uptick of 1.8% after Johnson & Johnson's announcement of its acquisition for $12.5 billion.

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.

Gov. Andy Beshear has vetoed legislation promoting nuclear energy in coal-producing Kentucky

America’s employers delivered another outpouring of jobs in March, adding a sizzling 303,000 workers and bolstering hopes that the economy can vanquish inflation without succumbing to a recession in the face of high interest rates

Southest Asian finance ministers and central bank governors have ended meetings in the Laotian city of Luang Prabang citing progress in building stronger regional institutions, but also noting serious challenges due to geopolitical tensions and volatil...

Russia is renewing its strikes on Ukraine's energy system

Criminal networks in the European Union are penetrating legal businesses across the 27-nation bloc and rely heavily on corruption to develop their activities

Stocks gained ground on Wall Street and Treasury yields rose following a hot U.S. jobs report

A rough start to the year for bond traders just got worse as the release of key employment data showed a buoyant labor market with few of the stresses that could prompt the Federal Reserve to lower interest rates.

NEW DELHI : India can sustain 7% growth annually in the coming years propelled by investments flowing into the country, high domestic savings, and by addressing supply-side challenges, Louis Kuijs, chief economist, Asia Pacific, at S&P Global Ratings, told Mint. If the government continues to work on resolving challenges related to infrastructure, institutional factors, labour laws, land acquisition rules, and education, the country can aspire to grow even faster, Kuijs said.

₹1 lakh annually in cash transfers to the poor, and address the twin challenges of joblessness and inflation. A ‘Mahalakshmi scheme’ – the centrepiece of a broad five-year programme of social justice -- will provide ₹1 lakh per year to every poor Indian family as an unconditional cash transfer, India's main party of Opposition said in its manifesto, 'Nyay Patra', launched on Friday.

Oil prices extended gains on Friday and were on course for a second weekly gain, supported by geopolitical tensions in the Middle East, concerns over tightening supply and expectations about demand growth as economies improve. Brent crude was up 26 cents, or 0.3%, to $90.91 a barrel by 1252 GMT. U.S. West Texas Intermediate crude was at $86.65 a barrel, up 6 cents, or 0.1%.

US hiring rose much more than expected last month, according to government data published Friday, keeping up the pressure on the Federal Reserve as it weighs when to start cutting interest rates. The world's largest economy added 303,000 jobs in March, up from a revised 270,000 new jobs created a month earlier, the Department of Labor announced.

company secretaries will be tremendous to manage the inflow of capital both from the Indian and international investors, a top domain expert said on Friday. «We have to increase the pool of Company Secretaries (CS) to 95,000 by 2030 and to 1.4 lakh by 2047, the year of Viksit Bharat economy driven by capital flow and the government-initiated infrastructure development,» B Narasimhan, President of the Institute of Company Secretaries of India (ICSI), said here. Currently, ICSI has around 70,000 CS members and over 2 lakh students, he told PTI. Narasimhan gave an insight into the aspects resonating with the Indian economy.

As anticipated, Reserve Bank of India’s (RBI) Governor Shaktikanta Das on Friday announced to keep the repo rate constant at 6.5 percent for seventh consecutive time as he shared the outcome of first monetary policy committee (MPC) meeting in fiscal 2024-25.

The Bahnsen Group CIO David Bahnsen previews Fed Chair Jay Powell’s testimony before Congress and shares his expectations for upcoming job data.

Investors are still flocking to cash funds, and Bank of America Corp. strategists say history suggests redemptions won’t begin until a year after the Federal Reserve starts cutting interest rates.

Canadian Imperial Bank of Commerce chief executive Victor Dodig doesn’t expect a flurry of interest-rate cuts any time soon.

Immigration Services (USCIS) has unveiled a temporary final rule (TFR) to make work permits more accessible to immigrants. This move builds upon recent efforts to modernize immigration processes, particularly regarding eligibility for employment authorization documents (EADs). Under the new rule, the automatic 180-day period for certain EADs will be extended to 540 days. This decision follows substantial improvements in EAD processing times over the past year, ensuring that work-authorized noncitizens do not face interruptions in their employment status while awaiting USCIS decisions on EAD renewal applications. By extending the validity period of EADs, the USCIS aims to maintain continuity for both immigrants and US employers. The Biden Administration has been actively working to integrate work-authorized individuals into the labor force, thereby supporting local economies.

Kuldeep Yadav is nursing a groin niggle and has been advised rest as a precautionary measure by the Delhi Capitals team management in the ongoing Indian Premier League. The 29-year-old left-arm spinner picked up the niggle after DC's second game of the season against Rajasthan Royals in Jaipur, which the team lost. The player was forced to miss out on the next couple of contests where veteran pacer Ishant Sharma returned to the playing XI. «It will take some time for him to be match fit,» an IPL source told PTI when asked about Kuldeep's status.