Progressive Financial News

Boeing has started rolling furloughs of nonunion employees as a week-old labor strike by 33,000 union machinists shows no signs of ending

Annex Wealth Management chief economist Brian Jacobson discusses the impact of immigration on the U.S. economy on Making Money.

Guwahati: In yet another watershed moment in the logistics sector of Assam, the Inland Waterways Authority of India, the nodal agency of the Ministry of Ports, Shipping & Waterways, successfully felicitated one huge Over Dimensional Cargo (ODC), a Vacuum Tower, headed towards Numaligarh Refinery. The ODC was ferried by MV Tidal Waves IV vessel from Kolkata via Indo Bangladesh Protocol Route (IBPR) and is headed to NRL for its expansion project. Prabin Bora, Director (I/c), Inland Waterways Authority of India (IWAI), said, “This is a very positive development in the logistics sector of Assam. This ODC is the result of the MoU signed between NRL and IWAI earlier.”

Free Trade Agreement in goods will figure during the visit of Commerce and Industry Minister Piyush Goyal to Laos, an official statement said on Friday. The two-day visit of Goyal to Vientiane, Laos, started from Friday. He is there to participate in the 21st ASEAN-India Economic Ministers (AEM-India) meeting and the 12th East Asia Summit Economic Ministers Meeting (EAS EMM). These annual meetings of ASEAN (Association of South East Asian Nations) with their dialogue partners are being hosted by Laos, the ASEAN Chair for this year.

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President Joe Biden is celebrating the Federal Reserve’s decision to lower interest rates by saying it shows that inflation has eased

Nike Inc. has named Elliott Hill as its president and CEO effective, replacing John Donahoe, who will retire next month

MB Patil has taken exception to Union Commerce & Industries Minister Piyush Goyal’s comment that “we should aspire to have our own Silicon Valley” wondering if Bengaluru was no longer one. The union minister’s comments were “unwarranted,” as Bengaluru is globally renowned for its technology and startup ecosystem, he told ET. The two ministers sparred on the microblogging site after Goyal’s comments at an event in Delhi on Monday went viral. The union minister put out a clarificatory post on Thursday in response to Patil’s comments. “Silicon Valley in Bengaluru is suffering from the apathy of the State Govt to provide logistics support, quality infrastructure, good roads whereas the Central Govt. continues to support the State even in developing an industrial township in Tumakuru under the Chennai-Bengaluru Industrial Corridor.

Jal Shakti minister C R Paatil said on Thursday that significant progress on a major river-linking initiative would take place within the next couple of months. At the valedictory session of India Water Week 2024, Paatil highlighted the government's efforts to address India's water crisis through river-linking projects and sustainable local water management. He announced that significant progress on a major river-linking initiative would take place within the next couple of months. Though he didn't divulge details. «In just 1-2 months, we will advance a major river-linking project, ensuring water is available where it's needed,» Paatil said, adding it will also prevent floods by redirecting water from where it's in excess.

WASHINGTON — Below is the statement the Federal Reserve released Wednesday after its latest policy meeting ended:

The Claman Countdown panelists Gabriela Santos and Kenny Polcari analyze the impact of the Federal Reserve rate cut move.

Canada abstained today from a high-profile United Nations vote demanding that Israel end its “unlawful presence” in the Gaza Strip and the occupied West Bank within a year.

The Federal Reserve cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates that helped tame inflation but also made borrowing painfully expensive for consumers

Fed Reserve Chair Jerome Powell holds press conference after announcing highly anticipated decision on interest rates.

N Chandrasekaran spoke to Kala Vijayraghavan at the group's Bombay House headquarters in an exclusive interview. Edited excerpts: What's your assessment of the performance of Tata Group companies? They have performed well. All our existing companies have strong balance sheets and they continue to show improving performance. This is reflected in our group's market cap, which has crossed ₹35 lakh crore. Several of our companies, including Tata Power, Tata Consumer, Trent, Tata Motors and Indian Hotels, have crossed significant milestones in market capitalisation. Tata Motors alone is now valued at over ₹4 lakh crore.

Looking at the progress Bitgert has made in the last few weeks, we are about to see an impressive movement in its price action in the coming days. If you are looking for the best asset to invest in this coming bull, look no further because Bitgert is about to become the best performer in the coming bull run.

Lucara Diamond Corp. has recovered another mammoth diamond from a mine in Botswana, its second major find in a month.

In a post on X, Kharge said that the people of Jammu and Kashmir are eager to safeguard their rights and embark on a new era of true development and full statehood. «As the first phase of voting in 24 Assembly constituencies commences, we urge everyone to exercise their democratic right and vote in large numbers. Every single vote holds the power to shape the future and bring about an era of peace, stability, justice, progress, and economic empowerment. We appeal to all, especially first-time voters, to participate in this crucial election and be the catalysts for change,» Kharge said in the post.

Alongside the launch of the Gates Foundation Goalkeepers Report 2024, Microsoft cofounder and philanthropist Bill Gates tells ET that he hopes India will be able to graduate from the public distribution system and rely instead on raised incomes over the next decades. Edited excerpts: The latest Goalkeepers Report focuses strongly on malnutrition. What is your view on India’s policy interventions such as free cereals given through the public distribution system? There is no doubt that the poorer you are, the higher is food as a percentage of your budget. And so, the idea that governments, either by incentivising the private sector or through various subsidisation, keep food costs fairly low- particularly for the urban poor, and yet they have to be careful not to hurt the farmers. The balancing act, India does manage largely. In the US, we have graduated from needing to have this type of food distribution. We have a thing called ‘food stamps’, where you get money, and you can only use it to buy food. At some point — it could be more than a decade — hopefully, you can graduate from having to have a public distribution system and just rely on the fact that you have raised incomes and educated consumers.

Shares of Intel are surging before the opening bell after the chipmaker said its foundry business would make some custom artificial intelligence chips for Amazon Web Services as it attempts to reinvigorate its business

The billionaire Microsoft co-founder and philanthropist Bill Gates thinks the richest governments should increase their support for African countries