Economy Financial News

Wealth management professional Jeff Sica discusses concerning areas battering the American consumer on Varney & Co.

Investing.com — The S&P 500 slumped to a more than three-month low Tuesday, as weaker consumer confidence data fueled worry about the economy just as consumers face higher for longer interest rates and inflation that could rein in spending.

Simplify Asset Management's Mike Green discusses the state of the economy on 'Making Money with Charles Payne.'

Narendra Modi underscored the growing significance of technology in creating new avenues of employment, checking corruption, promoting ease of living, improving credibility and decreasing complexities. He stated that there is record investment in the country today and sectors from renewable energy and organic farming to defence and tourism have seen a spurt in job creation. Modi distributed virtually employment letters to 51,000 people at a Rozgar Mela on Tuesday.

European Union’s new, tougher approach to China is being shaped by French concerns that Beijing’s trade practices have started to pose a critical threat to core industries. The government in Paris has taken a key role in driving the policy shift, according to people familiar with its thinking, calculating that inaction now would put the bloc’s economy on a path to long-term damage. Officials speaking on condition of anonymity recalled the solar industry debacle a decade ago, when cheap imports from China gutted European production.

Click here! Amazon’s illegal, exclusionary conduct makes it impossible for competitors to gain a foothold. With its amassed power across both the online superstore market and online marketplace services market, Amazon extracts enormous monopoly rents from everyone within its reach, the complaint read “Our complaint lays out how Amazon has used a set of punitive and coercive tactics to unlawfully maintain its monopolies," FTC Chair Lina M.

BERLIN (Reuters) — The United States hopes Europe will take similar measures to its Inflation Reduction Act to drive a «race to the top» on support for green technologies, a senior U.S. official said in Berlin on Tuesday ahead of economic talks with German counterparts.

Taylor Morrison CEO Sheryl Palmer discusses the headwinds facing the housing market after a drop in August existing home sales on 'The Claman Countdown.'

Minneapolis Federal Reserve President Neel Kashkari thinks there's nearly a 50-50 chance that interest rates will need to move significantly higher to bring down inflation.

By Bansari Mayur Kamdar and Sruthi Shankar

Barauni-Guwahati Pipeline will provide gas in Guwahati by the end of the year, and Assam will be linked with the National Gas Grid. Gas conclave a day-long brainstorming workshop on the prospects and challenges of the usage of natural gas, was organized by the Department of Industries, Commerce & Public Enterprises, Government of Assam on Tuesday in Guwahati. Minister, Industries, Commerce Bimal Bora while commending the pioneering role of Assam in the petroleum and natural gas sector in the country, noted how the Hydro-carbon Vision 2030 for North-East India of the Central Government has opened up several vistas of economic development through natural gas; and further noted how Assam has so much reserves of natural gas that it can fuel its economy based on this clean and green fuel. In this regard, he stressed on evolving synergy among the different stakeholders of the entire value chain of natural gas. GAIL India Limited representative announced that the Barauni-Guwahati Pipeline shall be able to provide gas in Guwahati by the end of the year, thereby marking a major milestone in the linkage of the State with the National Gas Grid.

Here's how analysts read the market pulse: «Nifty remained largely range-bound throughout the day as traders appeared uncertain. However, the short-term sentiment remains bearish as Nifty closed below the 21EMA.

Bloomberg, the currency has climbed by 9 percent, outperforming the Colombian peso which recorded a 3 percent gain during the same period. On-year basis, the afghani has climbed by 14 percent, which makes it the third strongest performer after Colombia and Sri Lanka's currencies, according to the news agency's data.

dollar index gained on Tuesday but eased from a 10-month high as the upward march in Treasury yields paused, and the Japanese yen bounced from an 11-month low as Japanese officials warned about a possible intervention in the currency. Benchmark 10-year U.S. government bond yields have jumped to 16-year highs this month as economic data remains robust despite higher interest rates.

By Christian Kraemer and Rene Wagner

By Ann Saphir

By David Morgan and Andy Sullivan

U.S. Energy Secretary Jennifer Granholm says nuclear fusion is a pioneering technology and the Biden administration wants to harness it as part of the transition to clean energy

The American consumer is feeling less confident this month, particularly about the future, as expectations persist that interest rates will remain elevated for an extended period

Wall Street is back to falling as its September swoon worsens

President Joe Biden’s decision to stand alongside United Auto Workers pickets in Michigan during their strike against major carmakers underscores an allegiance to labor unions that appears to be unparalleled in presidential history