Economy Financial News

Keynes once said that markets can stay irrational longer than you can stay solvent.

Investing.com — The Dow closed at record highs Monday, led by energy stocks ahead of a busy week of top-tier economy data, and fresh round of corporate earnings.  

Modest gains in some corners of fixed income contrast with sharp losses elsewhere for year-to-date results with the broadly defined US bond market, based on a set of ETFs through Friday’s close (Feb. 9).

Arvind Virmani was chief economic adviser. A growth collapse was averted and our economy emerged from the crisis quickly. Sustaining the recovery required careful handling.

IMF) is now «very confident» the global economy will see a soft landing, its managing director Kristalina Georgieva said on Monday, adding that interest rates would start coming down around mid year. «We are very confident that the world economy is now poised for this soft landing we have been dreaming for,» after some of the sharpest interest rate hikes in decades, Georgieva said at the World Governments Summit in Dubai.

India’s 18th Lok Sabha elections will be held in the first quarter of fiscal year 2024-25. One of the major campaign planks that the ruling Bharatiya Janata Party (BJP) has adopted is the aspiration of a “viksit" or developed India by 2047. A developed country is widely understood as one that is industrialized, has a high Gross National Income (GNI) per capita, scores well on human development indicators and has institutions of quality.

Investing.com -- U.S. stocks mostly held around the flatline on Monday, as investors geared up for a week of key economic data releases and a slew of quarterly corporate earnings.

Bank does not need to dampen the euro zone's economy even more to get inflation under control because demand is still weak, ECB board member Piero Cipollone said on Monday. While cautious, Cipollone's first remarks on monetary policy since joining the ECB late last year likely placed him in the dovish tradition of his predecessor and fellow Italian, Fabio Panetta.

IMF and World Bank warned on Monday that the Gaza war and the related attacks on shipping though the Red Sea pose threats to the global economy. The Israel-Hamas war raging since October has already hit the Middle East and North Africa region's economy, said the International Monetary Fund's managing director Kristalina Georgieva.

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Kant suggested focusing on developing five key states as tourism hubs and leveraging private sector expertise to unlock the country's potential in this multi-billion dollar market, particularly in the MICE (meeting, incentives, conferences and exhibitions) segment where India currently has a minimal share."There is a need for a dynamic and digital version of the 'Incredible India' campaign which should penetrate every single market. This is critical because foreign tourists are critical for India. About eleven states have given tourism an industry status, but many have not extended the benefits.

Thaawarchand Gehlot said on Monday. “It is a global record that more than 5 crore people of the State will be promoted to middle class status by this one decision of my government,” the governor told the joint session of the state’s legislature. He was referring to the five campaign pledges the Congress made ahead of the May 2023 assembly polls, which helped the party unseat the BJP regime.

MOSCOW (Reuters) — Russian President Vladimir Putin on Monday said that special attention needed to be paid to containing price rises, while pointing out that inflation was trending lower.

Investing.com -- U.S. stock futures were little changed on Monday, with markets taking some caution ahead of a week of major economic data and company results. Elsewhere, rivals Diamondback (NASDAQ:FANG) Energy and Endeavor Energy Resources are reportedly closing in on a merger that would give the combined entity a massive presence in the Permian Basin, a key U.S. production hub.

The S&P 500 rose 1.4% last week to deliver its first ever weekly close above the 5000 handle. Stocks managed to navigate through a barrage of commentary from Federal Reserve officials, which predominantly emphasized the ongoing need for disinflation before any potential interest rate reductions.

LONDON (Reuters) -As China's troubled markets take time out for the Lunar New Year holiday, U.S. inflation numbers, key UK data, Russia's central bank meeting and an election in the world's third-largest democracy vie for the spotlight.

By Shubham Batra and Khushi Singh

Former CKE Restaurants CEO Andy Puzder explains the importance of addressing the U.S. debt and the impact of wages on restaurant affordability.

Sanjiv Puri, CMD, ITC, says the Indian economy and even rural India has been very resilient. The infrastructure that has been created, the connectivity, focus on housing and digitisation, the direct benefit transfer and stuff like free food grain distribution are some of the very important steps taken in terms of the investment in the rural economy and that is why it is quite resilient. Puri further says: “We have a core portfolio which, given the growing consumption in India and the opportunity for penetration, the opportunity for per capita consumption is huge, we are saying that we need to scale that up, use that to address adjacencies and also build categories of the future. Some of them start scaling them, some of them incubate them.” Do you think India can sustain 7% growth? Sanjiv Puri: Yes, this is eminently possible. That is the kind of number we should be aiming for at the minimum. You see, growing at 7% which is what is the estimate for the year and beyond this year, at a time when the whole world is struggling, when the global growth is the least in a long period, global trade is significantly lower than what it used to be at that time itself, we are growing at 7%.

₹17,000 crore against the budgeted ₹19,000 crore, the next year will see it further slashed to ₹12,000 crore. The big inclusion in the interim budget for 2024-25 is ₹205,250 crore for free foodgrains. The pre-poll strategy of displaying fiscal restraint while continuing with handouts was made inevitable by the repeated economic shocks to the rural economy: demonetization, the covid pandemic and an inflationary surge over the past 18 months, all of which have resulted in suppressed rural incomes and demand.

Please don’t dabble in doom spending. The term, which first bubbled up on social media, has gained steam following a recent survey by Intuit’s Credit Karma. Consider it 2024’s sequel to last year’s “girl math." If girl math was a light-hearted buddy comedy, doom spending is a horror film.