Economy Financial News

Investing.com-- U.S. stock index futures were muted in evening deals on Monday, after Wall Street indexes were pulled off record peaks by a mix of profit-taking and growing anxiety ahead of key inflation readings this week. 

earnings upgrade-to-downgrade ratio has weakened over the past three months, with 251 companies in the Nifty 500 universe experiencing downgrades for FY24, compared with 152 upgrades, Bloomberg data showed. Among the Nifty 50 companies, 30 experienced downgrades, while 19 underwent upgrades in this period. A Bloomberg earnings upgrade or downgrade is the consensus estimate by equity analysts tracking the stock, indicating expectations of higher or lower profits, respectively.

Horizon Investments chief investment officer Scott Ladner predicts the Fed will cut rates three to five times throughout 2024.

The Claman Countdown panelists Kenny Polcari and Joseph Lavorgna break down the Federal Reserves moves.

After the bloody downturn of 2022 and the broad-based uncertainty of 2023, retail investors are enjoying a more upbeat outlook on financial markets and the economy.

By Nupur Anand

As the 13th Ministerial Conference of the World Trade Organization (WTO) begins, the question is not whether this once-important gathering will fail, only if it will fail in a way that’s even worth noticing. The prevailing sentiment seems to be, “True, this broken relic of neoliberalism is barely any longer functioning. Who cares?" Regardless of your views on globalization, you should care.

There is a strong (deflationary) gust blowing from the East. Last month, Chinese consumer prices fell at their fastest rate in 15 years. For the first time since the Global Financial Crisis (GFC) of 2008-09, China’s CPI fell 0.8% year-on-year (y-o-y).

A handful of airlines — Alaska Airlines, American Airlines, JetBlue Airways and United Airlines — have raised their fees for checked bags this year. But if you plan ahead, such fees are easy to reduce or avoid altogether.

Canada’s efforts to reduce greenhouse gas emissions have been laudable, but there is a way we could do so much more, says a report from National Bank of Canada.

U.S. stocks are drifting near record levels as they head for the final stretch of what looks to be their latest winning month

Germany's vice chancellor says the country plans to enable underground carbon storage at offshore sites, pushing ahead with a much-discussed technology in an acknowledgement that time is running out to combat climate change

Vice President Jagdeep Dhankhar on Monday said that “no democracy can survive, no democracy can thrive, no democracy can blossom unless there is equality before law”. Addressing at the 18th convocation of Mizoram University, Dhankhar said that now equality before law is ground reality and those who used to consider themselves above the law are firmly within its grip. He exhorted the youth to discard traditional paths and said: “Youth need to come out of silo of competitive examinations and reckless pursuit of government job”.

Stock markets have room to extend gains beyond record highs if the economic outlook remains upbeat and investors pour money into recent laggards, according to Goldman Sachs Group Inc. strategists.

European stocks and US equity futures posted small moves as investors geared up for a busy week of data, including the Federal Reserve’s preferred measure of inflation.

Canadians can expect the Bank of Canada to start providing some respite this spring as the central bank “slowly but surely” moves towards its first interest rate cuts, says Desjardins Group.

Goldman Sachs and Mubadala Investment Company have signed a $1-billion separately managed account in which Mubadala and Goldman Sachs will co-invest in private credit opportunities throughout the Asia Pacific region, said a joint statement. The Partnership will be managed by Private Credit at Goldman Sachs Alternatives, with a dedicated on-the-ground team across multiple Asia Pacific markets. The global Private Credit team consists of 165 credit investment professionals overseeing more than $110 billion in assets under management (AUM).

FOX News medical contributor Dr. Marc Siegel discusses how prepared hospital E.R.s are to treat kids and the side effects of weight loss drugs on 'The Big Money Show.'

S Jaishankar on Monday said that on India's western front, the long-standing challenge of cross-border terrorism now elicits more befitting responses. Speaking at Pandit Hriday Nath Kunzru Memorial Lectures 2024 on 'Bharat and the World' at Convention Centre, JNU, S Jaishankar said, «On the western front, the long-standing challenge of cross border terrorism now elicits more befitting responses. »Believe me, Uri and Balakot sent their own message," he added.

(Reuters) — Berkshire Hathaway (NYSE:BRKa) class B shares gained 5% before the bell on Monday after the $900-billion conglomerate posted its second straight record annual profit and its chairman Warren Buffett reassured investors that it was 'built to last'.

Adani New Industries Ltd. is in talks to raise up to $3 billion for capital expenditure, according to people familiar with the matter, as the unit of India’s ports-to-power conglomerate aims to become a major player in the country’s green hydrogen push. The company is discussing the planned transaction with a group of foreign lenders and is likely to raise the money via offshore loans in two or three tranches over the next 12 months, with the process starting in June, the people said, asking not to be identified because the details are private. The loan’s tenor could range from three to five years, with the pricing likely linked to the Secured Overnight Financing Rate, they said. Lenders discussing the credit facility with the company include DBS Bank, Deutsche Bank AG, First Abu Dhabi Bank PJSC, ING Bank NV, MUFG Bank and Standard Chartered Bank Plc.