Food Financial News

Former Reagan economist Art Laffer reacts to a recent report that consumer prices rose 2.9% year-over-year in July on ‘The Big Money Show.’

If you’ve noticed that you’re paying more than before for the same amount of groceries, you’re not the only one

Wall Street ticked higher after the latest update on inflation came in almost exactly as economists expected

Former Chair of the Council of Economic Advisers Kevin Hassett reacts to former President Trump outlining his economic agenda in North Carolina on Kudlow.

Remnants of a Separation. Malhotra, a descendant of ‘Partition refugees’ herself, reiterates that the event's memory does not end with those who lived it, but passes down through generations in many “incarnations." "The house of the past may not even exist anymore, it is entirely conjured up from memory," she adds. “There is a place somewhere that does not belong to us, but we belong to it, and I always wonder, is it waiting for us?" Also read: Partition food memories that travelled Chaitanya Seth, who recently graduated with a bachelor’s degree in business administration, recalls many conversations with his beloved grandfather. “With every story, he travelled back to Lyallpur, a place which was his entire childhood," he says.

Mizoram Chief Minister Lalduhoma on Thursday said that the state government will launch a scheme to enable deserving people to avail interest-free loan up to Rs 50 lakh to achieve economic growth and improve the living condition of the masses. Addressing the people on the occasion of the 78th Independence Day, Lalduhoma said that his government was firm on its goal of providing inclusive governance and development, of more accountability and transparency in government processes and a people centric administration with improved delivery of public services. He claimed that there have been marked changes in various aspects of governance and administration under the Zoram People's Movement (ZPM) government in just eight months since it came to power in December last year. Lalduhoma said that the state government has been making massive efforts to develop the state and will also launch a loan scheme, where the government will act as a guarantor, to help the deserving people, who are determined for economic growth.

Independence Day, it’s important to set yourself free from unhealthy food habits and switch to healthier alternatives. Although not a common ingredient in Indian kitchens and not considered as alluring as aloo parathas, as savoury as samosas, or as crunchy as pakoras, oatmeal can give many staple Indian dishes a run for their money when it comes to nutrition profile.

Andhra Pradesh Chief Minister N Chandrababu Naidu on Thursday said his government is working towards restoring the lost brand image of Andhra Pradesh. Addressing the state after hoisting the national flag here on the 78th Independence Day, the Chief Minister alleged that Andhra Pradesh regressed 30 years under the previous YSRCP regime. «The rulers (YSRCP govt) who came to power under the pretext of one chance had created devastation of unheard proportions. They destroyed the systems and projected victims as culprits to make a mockery of democracy,» said Naidu. Claiming that the southern state incurred a huge loss under the YSRCP government than the bifurcation of the united state, he said the TDP-led government is following the principle of simple and effective governance to undo those losses. According to Naidu, the TDP government is striving to bring back the companies which had cancelled their agreements and exited the state.

The recent budget presented by the finance minister saw a spurt of adverse commentary on the proposals relating to capital gains transactions, particularly with reference to the removal of indexation benefits. In response, the government partially restored the benefits to a segment of taxpayers.

Economists had set expectations that the annual rise in the consumer price index would remain at June's 3% rate, but the data from the US Bureau of Labor Statistics came in 0.1% lower than anticipated. Core CPI, a figure that excludes volatile energy and food prices, also came in 0.1% lower than June, rising by 3.2% in July compared to 3.3% a month earlier. This core CPI reading represented a 0.2% monthly climb, double the increase of the 0.1% June jump.  US recession overtakes geopolitical conflict as top tail risk for global investors Energy prices remained flat over the month, w...

Former IMF chief economist Kenneth Rogoff discusses the state of the economy following the July CPI report.

The financial press is cheering that Wednesday’s inflation report makes an interest-rate cut next month a fait accompli. Go, Jay, go. Yet while cooling inflation shows that the Federal Reserve’s monetary medicine is working, Chairman Jerome Powell’s caution to date has been warranted.

Prime Minister Narendra Modi, in an indirect attack on the opposition, said on Wednesday that while the nation is moving forward with a unified resolution, some people cannot «tolerate» the progress. «We are moving forward with the same resolution, but there are some people who cannot tolerate progress or think of India's progress unless it benefits them. They want anarchy. The country needs to protect itself from this handful of pessimistic people,» the Prime Minister said during his address from the Red Fort on the occasion of the 78th Independence Day. PM Modi noted that there are both external and internal challenges, and more such challenges are bound to come. «I want to say to such forces that India's development will not pose a threat to anyone. The world should not worry seeing India's development,» he added.

Reserve Bank of India's commentary and inflation forecasts may not provide visibility on when rates may fall but swap traders are betting on a 50 basis-point cut in local borrowing costs starting February 2025 as central banks globally start tilting towards a softer monetary policy. A basis point is a hundredth of a percentage point.

Prime Minister Narendra Modi on Thursday stressed on the need to transform the agricultural sector and said the government is making comprehensive efforts to make the lives of farmers better. Addressing the nation from the ramparts of the Red Fort on the 78th Independence Day, he also expressed concerns on deterioration in soil health due to use chemical fertilisers. He said the government has launched programmes to encourage natural farming, and budget allocations too have been increased to promote such farm practices.

Indian nationals living in other countries celebrate the joyous occasion with felicity and are full of nationalistic fervour on Indian Independence Day. For individuals living in the United States, the United Kingdom, or any other country, there are a plethora of ways they can celebrate the 78th Indian Independence Day with fanfare, vigour, and a renewed sense of Indian pride in their hearts, even if they are physically away from their motherland.

Metro Inc. says it earned a third-quarter profit of $296.2 million, down from $346.7 million in the same quarter last year, as its sales rose 3.5 per cent.

Year-over-year inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and setting up the Federal Reserve for an interest rate cut in September.

Starbucks has announced the departure of Chief Executive Officer Laxman Narasimhan after just 16 months in the role. The company's decision comes in response to declining sales. Narasimhan will be replaced by Chipotle CEO Brian Nichol. Reacting to the news, Shark Tank judge Anupam Mittal shared his thoughts on the microblogging site X, formerly known as Twitter. He expressed concerns about Starbucks' current direction.

Mars, whose brands include M&M’s, Snickers and Skittles, is buying food company Kellanova in a nearly $30 billion deal, giving it access to brands such as Cheez-It, Eggo and Pop-Tarts

Year-over-year inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and setting up the Federal Reserve for an interest rate cut in September