President Financial News

Investing.com-- Oil prices fell in Asian trade on Tuesday as a rebound in the dollar weighed, while weaker-than-expected trade data from China also raised concerns over sluggish demand in the world's largest oil importer. 

Investing.com-- Asian stocks retreated on Tuesday after four straight days of gains as investors awaited more economic cues from China and Australia, while South Korean shares saw a heavy dose of profit taking. 

Gold inched lower in early Asian hours on Tuesday as the dollar staged a rebound, although bullion prices were stuck in a tight range with investors staying on the sidelines ahead of comments from Federal Reserve officials including Chair Jerome Powell. FUNDAMENTALS * Spot gold was down 0.1% at $1,975.35 per ounce by 0116 GMT and U.S. gold futures fell 0.3% to $1,982.10. * The dollar rose 0.1% after hitting a six-week low in the previous session, making gold more expensive for other currency holders.

Mortgage customers underwater on repayments are likely to be offered deferred repayment plans if they call up their bank, and even those who aren’t struggling are securing big discounts on interest rates just by picking up the phone.

Mizoram Assembly Elections 2023 at 19-Aizawl Venglai-I YMA Hall polling station under Aizawl North-II assembly constituency. Mizoram elections | CM and MNF president Zoramthanga says, "Even with the COVID in which there was a great problem all over the world, we fought more or less successfully against COVID...Despite that, here in Mizoram we did a lot of developmental works...Therefore, I believe that in order to continue the works that we have laid down we shall be able to form the Government..." Mizoram elections | CM and MNF president Zoramthanga says, "In order to form the Government, 21 seats are needed.

By Ankur Banerjee

Buy or sell stocks for today: Following strong global market sentiments, Indian stock market sentiments ended higher for third straight session. Nifty 50 index advanced 181 points and closed at 19,411 levels, BSE Sensex shot up 594 points and ended at 64,958 mark whereas Bank Nifty index finished 301 points up at 43,619 levels.

By Valerie Volcovici

Morgan Stanley Senior Vice President Jim Lacamp gives his economic outlook on «The Claman Countdown.»

By Nelson Acosta

By Chuck Mikolajczak

Chicago Cubs on Monday announced replacement of manager David Ross with Craig Counsell. The team confirmed the news in a statement, expressing gratitude for Ross's contributions as both a player and a manager. Cubs President of Baseball Operations Jed Hoyer thanked Ross for his leadership and acknowledged his lasting impact on the organization, citing his integral role in the 2016 World Series victory. «Today we made the difficult decision to dismiss David Ross as our Major League Manager,» Hoyer said. «On behalf of the Cubs organization, we express our deep gratitude for David's contributions to our club, both on and off the field.

«Good exchange of perspectives with President @raisi_com of Iran on the difficult situation in West Asia and the Israel-Hamas conflict. Terrorist incidents, violence and loss of civilian lives are serious concerns.

Reliance Jio is working with featurephone makers including Transsion's Itel, Lava and Nokia to make their own versions of affordable JioBharat 4G devices, in a bid to push around 250 million 2G users to go for 4G and beyond, a top company executive said. The telco is also set to announce an enhanced version of its Rs 999-priced 4G phone with support for UPI payments, WhatsApp and live TV streaming. «We wanted to establish the product in the market and in the minds of the consumer, so they could associate with it, relate with it...Today, all brands, whether it's Itel, Lava or Nokia, are in touch with us in terms of how do we make it happen,» Sunil Dutt, president (devices division) at Reliance Jio, told ET. Dutt said a typical 2G user isn't comfortable using a smartphone, finding it expensive and prone to malfunctions. Affordability, he said, is the biggest factor, and Jio's new push into the featurephone market is done in a manner to lower the cost of ownership. The JioBharat phones come with special 4G monthly plans which Dutt said are priced much lower than competition. «This is the most exploited customer and surprisingly our competitors have no sense of regret in exploiting them too.

₹2 trillion this financial year as higher consumption and costlier natural gas drive it past initial estimates of ₹1.75 trillion, experts at rating agencies said. In the first six months of FY24, fertilizer subsidies have already crossed 63% of the full-year allocation. Out of the ₹1.12 trillion fertilizer subsidy spent this year, about ₹67,926 crore went into urea and ₹42,200 crore into P&K (phosphatic and potassic) fertilizers.

Investing.com — Here is your Pro Recap of the biggest insider trades and institutional investor headlines you may have missed last week: Berkshire Hathaway sells $25.8 million worth of shares in China's BYD, Cole Capital Funds seeks to acquire 51% of WeWork, and top brass buys at Align Technology, Arbor Realty Trust, Loews, Greenbrier, and Fifth Third Bancorp.

Seeking to generate excitement around a largely lackluster economy, Chinese Premier Li Qiang is pledging to continue deepening reforms, expand free trade zones and relax market access for foreign investment

President Joe Biden is promoting new cash for Amtrak

The Kansas City Chiefs say Sunday's game in Frankfurt against the Miami Dolphins is a big step in the organization's plan to become the “world’s team.”

The Florida Legislature will return to the Capitol for a special session that will allow lawmakers to express their support for Israel and give Republican Gov. Ron DeSantis more talking points as he campaigns for president

The judge presiding over the civil fraud trial of Donald Trump has admonished him to keep his answers on point and concise