Economy Financial News

21.11 / 20:47

Target economy Remark Nov show information Department Fed gave no indication of possible rate cuts at last meeting, minutes show

Federal Reserve officials at their most recent meeting expressed little appetite for cutting interest rates anytime soon, particularly as inflation remains well above their goal, according to minutes released Tuesday.

21.11 / 20:27

Blockchain Ethereum IPO ETF economy BlackRock Bitcoin Crypto Miner Phoenix Group’s IPO Sales 33X Oversubscribed

Multinational crypto mining and blockchain giant Phoenix Group has achieved a significant milestone in its initial public offering (IPO) raise.

21.11 / 19:51

Target economy Nov pandemic show reports travelers Cooling inflation raises odds of Bank of Canada interest rate hold

Inflation in Canada slowed to 3.1 per cent year over year in October from 3.8 per cent the month before, leading some economists to predict an interest rate cut by the Bank of Canada as early as next spring.

21.11 / 19:33

economy President Russian President Putin to participate in G20 virtual summit: Kremlin

Russian President Vladimir Putin will attend the extraordinary virtual G20 Leaders’ Summit hosted by India on Wednesday, the Kremlin said on Tuesday.

21.11 / 19:11

Provident Manufacturing economy electronic reports Right to repair: Can biz mend its wasteful ways?

MUMBAI : The government wants to replace the ‘use-and-throw’ design philosophy of products with a ‘right to repair’ framework. Benefits are many. Mint explains the concept, its need and how this move may disrupt the way businesses operate.

21.11 / 19:05

Blockchain Provident Platform Strategy economy Interface show play LandRocker Launches Presale For Unique Play-2-Earn Game With NFTs and Staking Rewards

LandRocker is an emerging Play-to-Earn (P2E) game platform that uniquely blends the excitement of space exploration with the lucrative potential of crypto and NFTs.

21.11 / 18:19

Target FIVE Fox CEO economy Dreams cover American families increasingly believe the American dream is out of reach

Former Bridgewater Associates CEO David McCormick joined ‘Mornings with Maria’ to discuss the Biden administration’s handling of the Israel-Hamas war, spotlighting China’s role in the conflict.

21.11 / 18:19

CEO economy pandemic Experts reports Existing home sales plummet to lowest level in 13 years as prices rise

NAHB CEO Jim Tobin discusses the state of the housing market, American homeownership, and using family money for home down payment.

21.11 / 17:31

economy Remark pandemic performer country social rock A sobering fact: In per capita income terms, India doesn’t lead even in South Asia

Right now, the 'world is on fire,' says economist Larry Summers. India's neighbours — Pakistan, Sri Lanka and Bangladesh have all gone to IMF for help. But India is rock solid, with plaudits pouring in.

21.11 / 16:12

Target economy pandemic show reports shock 500 2024 end Bank of America sees S&P 500 hitting record 5,000 by the end of 2024

Bank of America Corp. strategists who join a growing chorus of optimistic Wall Street forecasters. The team led by Savita Subramanian is bullish on US equities for next year “not because we expect the Federal Reserve to cut, but because of what the Fed has accomplished." “The market has absorbed significant geopolitical shocks already," they wrote in a note on Tuesday, adding “US exceptionalism is intact." They see the S&P 500 closing at a record 5,000 by the end of 2024, which is 10% higher than Monday’s close.

21.11 / 16:12

Apple economy Harley-Davidson Nordstrom pandemic performer exclusive Is the US headed for a recession? Look at what richer Americans do on Black Friday

Black Friday, a worrisome sign for an economy that has so far depended on the US consumer to stave off a recession. In the three months ahead of the all-important holiday shopping season, a group of retailers that cater to the upper middle class — including Apple, Coach and Nordstrom — saw its biggest sales drop in two years, according to an exclusive analysis of Bloomberg Second Measure data. The malaise also hit top-performing malls in wealthier areas, even as overall retail-sales figures march higher.

21.11 / 15:31

Maxim Action economy show information 2020 recommendations How to Safeguard Your Portfolio With Recession-Resistant Stocks

Recent assessments of economic growth across various global economies fail to inspire optimism. In the eurozone, a delicate balancing act between growth and recession is evident, highlighted by the latest figures of 0.1% year-on-year and -0.1% quarter-on-quarter.

21.11 / 15:31

Citi Target Progressive economy President show Fed minutes likely to anchor 'careful' monetary policy approach

By Howard Schneider

21.11 / 15:11

Provident Dash Digital economy country innovations travelers India-Australia develop accelerator to help circular economy startups

circular economy design solutions and technologies specific to the needs of two countries to help them transition to a circular economy. The new accelerator program, called Rapid Innovation and Startup Expansion (RISE), will be delivered virtually and free of cost, with a number of opportunities to travel between Australia and India, NITI Aayog said in a statement on Tuesday.

21.11 / 13:37

FIVE Compilation economy Nov show strain reserves Bond managers urge investors to put their cash reserves to work

For investors stashing record sums in cash, US bond managers overseeing a combined $2.5 trillion have a bit of advice: It’s time to put that money to work.

21.11 / 13:31

Manufacturing Mobile economy show Economy lost momentum by 80-100 bps in Q2 to 6.8-7%: Analysts

Q2 GDP data release on November 30, domestic rating agency Icra economist has pegged the GDP growth at 7 per cent, while British brokerage Barclays see it at 6.8 per cent. We estimate that Q2 FY24 expanded by 6.8 per cent year-on-year, slower than the 7.8 per cent in Q2 FY23, but still showing robust sequential growth. Underlying growth trends continue to look robust with activity underpinned by domestic consumption, high levels of state-led capex and strong growth in the utilities sectors, Rahul Bajoria of Barclays said in a note Tuesday.

21.11 / 13:17

Digital Manufacturing economy country reports gatherings Mamata Banerjee announces slew of new policies, sub-sea cable landing station, industrial corridors

West Bengal Chief Minister Mamata Banerjee on Tuesday announced a slew of new policies including plans to double the state's exports, modernise its logistics and promote renewable energy manufacturing, while opening the Bengal Global Business Summit here. Banerjee also announced a policy to promote bio-fuels and a new sub-sea cable landing station at the sea-resort of Digha to help improve internet connectivity in the eastern region.

21.11 / 13:17

FIVE Digital Booking Extreme economy Healthcare pandemic India to be $8 trillion economy by 2030-31; market cap can match GDP: Raamdeo Agrawal

Raamdeo Agrawal. India is in a different growth cycle, where aggregate earnings continue to grow faster than expected. The September quarter saw India Inc’s earnings grow by 32% versus expectations of about 25-26%, he said. Agrawal therefore remains bullish and sees potential for the market capitalisation to match India’s GDP by 2030. In a recent industry summit, Agrawal predicted the benchmark Nifty50 index to double over the next five years and even swell by 4 times in 10 years. Despite a rollercoaster journey, Nifty50 has given about 6% returns to investors so far in 2023. If earnings grow in double digits annually on a sustainable basis, the market is also ought to grow at a similar pace, according to Agrawal.

21.11 / 13:17

Target economy Nikkei country information reports Department After Covid and Ukraine war, another supply-chain disruption taking shape?

global trade and economy refuse to abate. After Covid and the Ukraine war ravaged global supplies, creating energy and food crises in many parts of the world, another risk has started building up. The Israel-Hamas war, even though it hasn't spilled over to other countries, is threatening a wider disruption of trade and supplies.

21.11 / 12:49

Art Waters economy show country sanitizer Rising youth and female employment are good signs for India’s economy

Two recent developments with respect to India’s labour market warrant our attention. First, the United Nations estimated India to have surpassed China as the world’s most populous country, with our share of working age population to increase for another 13 years. Second, Professor Claudia Goldin won the Nobel Prize in Economics for her work on female participation in the workforce.

21.11 / 11:35

FIVE economy NVIDIA 2020 reports 500 S&P 500 Rallies as Fed Minutes, Nvidia Earnings Loom: What to Expect Next

Stocks managed to rally yesterday, with the S&P 500 up almost 75 bps. With a large portion driven by the usual suspects. The rally in stocks continues as credit spreads narrow and financial conditions ease. This has allowed implied volatility to be sold and stocks to rally. The trade mechanics are similar to what we saw in June and July.

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