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U.S. stocks are drifting in mixed trading following a couple reports on the economy that came in close to expectations

Stellantis will spend $406 million retooling three Michigan factories so they can build electric vehicles or battery parts

The U.S. is divided when it comes to state and federal marijuana policy, but recent political developments could move the country toward greater acceptance of cannabis

A report by the American Chamber of Commerce in Shanghai has found that U.S. companies in China are seeing record-low profits, with business confidence at an all-time low amid U.S.-China tensions and a slowing Chinese economy

Prince Harry is apparently not doing too well these days. According to the royal family biographer Angela Levin, the Duke of Sussex is miserable in his marriage to actress Meghan Markle. The Duke, who authored his memoir Spare, reflecting on his life growing up in the shadow of his brother William, the heir to the throne, is reportedly growing more discontent with his life in California. In an interview withThe Sun, Levin said that the younger Prince is desperate to return to his motherland. «You could say Harry is not even the spare to his wife. He’s almost nothing. She (Meghan) treats him horrendously. If you look at the filming of them in Colombia and Africa, he is not asked anything. He’s pushed out of the way,» The Sun quoted Levin as saying. Some friends of the Prince told the publication that he feels helpless and feels overshadowed by Meghan in public. During their recent trips to Nigeria in May and Colombia last month, Meghan, 43, took the spotlight.

A tech billionaire has performed the first private spacewalk hundreds of miles above Earth

Microsoft outage comes nearly two months after a faulty software update from the cybersecurity service provider CrowdStrike, which affected 8.5 million Windows devices. It made operations in multiple industries, ranging from airlines, banks, and healthcare, come to a standstill, according to the report.

Association of Mutual Funds in India (AMFI). This compares with the long-term average ratio of 1.6. A ratio greater than two indicates that buying inflows are twice as high as selling outflows, reflecting strong investor momentum. Among equity funds, the sector funds have maintained a buy-to-sell ratio of over three for the fourth consecutive month and have had a ratio greater than one for 15 consecutive months. Sector/thematic NFOs reported a net inflow of Rs 33,939 crore over the past three months, accounting for 30% of the total equity fund inflow. During the period, equity funds received a total inflow of Rs 1,15,960 crore. In August, equity NFOs totalled an inflow of Rs 10,202 crore with notable offers including the Motilal Oswal Manufacturing Fund, Motilal Oswal Business Cycle Fund, SBI Innovative Opportunities Fund, and Invesco India Manufacturing Fund.

ageing population and climate change, a government watchdog forecast on Thursday. The projection from the Office for Budget Responsibility comes ahead of the Labour government's maiden budget next month in which some taxes are expected to rise to help fill a blackhole estimated at £22 billion ($29 billion). Commenting on its latest annual Fiscal Risks and Sustainability report, the OBR noted that «long-term projections such as these are clearly highly uncertain».

Royal Bank of Canada has appointed Katherine Gibson as its chief financial officer, months after terminating the contract of former CFO Nadine Ahn.

The COVID-19 pandemic and Russia's invasion of Ukraine in 2022 are two examples of recent global events that have caused higher gas prices. According to Patrick DeHaan, head of petroleum analysis at GasBuddy, the market is coming into a better sense of balance. So it certainly is good news for the incumbent party, potentially, that gas prices are falling, though he expects there will continue to be a lot of noise from politicians on both sides of the aisle on this issue. Wednesday saw the national average price of gasoline drop to about $3.25 per gallon from $3.31 per week and $3.45 per month. According to DeHaan, the price drop is normal for the early fall. Also Read: US Inflation Rate: Which cities are facing the highest and lowest costs?

unemployment benefits increased marginally last week, pointing to a still-low level of layoffs even as the labor market slows. Initial claims for state unemployment benefits rose 2,000 to a seasonally adjusted 230,000 for the week ended Sept. 7, the Labor Department said on Thursday. Economists polled by Reuters had forecast 230,000 claims for the latest week. Last week's data included the Labor Day holiday.

According to the U.S. Department of Labor’s latest inflation report for August, the consumer price index (CPI), a key indicator measuring the cost of goods such as gasoline, groceries, and rent, rose by 2.5% over the past year for the US as a whole. This marks a continued slowdown in inflation, but regional disparities remain significant, as per a report by Fox Business.

New India Insurance, HDFC Ergo General Insurance, and National Insurance reported growth deceleration. Total industry premiums stood at Rs 22,880 crore, compared to Rs 21,883 crore in August 2023. August saw a dip in auto sales, with passenger vehicle sales falling 4.5% year-on-year during the month, according to data released by the Federation of Automobile Dealers Association. Standalone health insurance companies, on the other hand, reported a robust 24.5% growth, driven by Niva Bupa Health Insurance, which is gearing up for its IPO. The health insurer saw premiums soar by 39% to Rs 596 crore from Rs 429 crore.

₹50-75 per tonne going ahead. The company is simplifying its corporate structure by consolidating subsidiaries. This is expected to boost cash flow and drive efficiencies in manufacturing, distribution, and logistics in the medium term.

Pankaj Jain said on Thursday. “Do you think the cracks of zero or one ($/barrel) on gasoline (petrol) are sustainable? Even the cost of refining is not getting recovered on petrol,” Jain told reporters on the sidelines of an industry event. “The entire product market for exports is in complete turmoil.” Crack spreads are the difference between the prices of crude oil and refined products such as petrol and diesel. Globally, a combination of weak fuel demand and higher refinery runs has sharply pulled down margins on diesel and petrol in recent months. This hit domestic refiners’ earnings in the April-June quarter.

Of all the clicks on British job postings from workers abroad, only a fifth were on high-wage jobs, or postings offering the upper third of wages, according to data covering the first six months of the year from job-search website Indeed. Only Spain had a smaller proportion among 10 advanced economies analysed. Foreigners have a strong urge to work in the UK but they are not the kind of workers the government wants. The lowest-paid jobs attracted 40% of clicks from abroad, casting doubt over the Conservatives’ policies to discourage low-skill migration.

junior doctors on Thursday refused to hold talks with the Bengal government to resolve the RG Kar impasse unless their demand for live streaming of the meeting was met. The talks were to be held at 5pm in the presence of Chief Minister Mamata Banerjee as demanded by the protesters. The CM waited for for more than an hour to meet the agitating junior doctors. However, it did not take place as scheduled. The protestors reached the secretariat around 5.25 pm, some 25 minutes past the scheduled time of commencement of the meeting, and stayed put at the venue gate for over an hour and were seen engaged in meetings even as a high-strung battle of nerves ensued between the two sides with both staying firm on their respective stands. Senior police officials at the venue, including DGP Rajeev Kumar, ADG (South Bengal) Supratim Sarkar and even state chief secretary Manoj Pant, who were seen engaged in back-to-back discussions with the doctors' delegation and other officials, failed to convince the unrelenting doctors who refused to budge.

Indian office market is experiencing a notable shift, with domestic companies projected to lease 60-65 million square feet of office space between 2024-2025, a significant departure from the historical dominance of global corporations, particularly those from the United States, mentioned CBRE. Domestic firms saw a substantial 60% increase in office space absorption in the last two years, compared to the pre-pandemic years of 2018-2019. These firms have accounted for nearly 47% of overall office leasing activity in the last decade, with Delhi-NCR leading the way, followed by Bengaluru and Mumbai. According to the report, cities like Bengaluru and Hyderabad saw increased occupancy by e-commerce and life sciences firms, respectively, reflecting their strong growth trajectories. Further, Mumbai emerged prominently with a 43% share of domestic BFSI leasing, bolstered by substantial contributions from Delhi-NCR and Chennai during 2018 – H1 2024.

Yes Bank may end up jeopardising the stake buy, an informed source said on Thursday. When asked on whether the deal will go through by the end of this fiscal, the source, who is not authorised to speak to the media, said the deal itself is in a quandary. As per the source, the talks on any deal «are not going anywhere» because of all the bidders' push on the 51 per cent stake. The source explained that the RBI is uncomfortable with a foreign entity owning a 51 per cent stake in a big entity like Yes Bank.

NCLAT) has adjourned the case involving Glas Trust Co, which represents a group of US lenders to troubled edtech firm Byju’s, and its parent company, Think & Learn, to October 1. The matter was adjourned on Thursday as the Supreme Court is also hearing an appeal by Glas Trust, opposing a Rs 158-crore settlement arrived at between the edtech firm and the BCCI, alleging that the money paid by Byju Raveendran’s brother Riju Ravindran was tainted. The matter is likely to be heard on September 17. On August 14, the Supreme Court revived the insolvency case against Byju's, overturning a NCLAT decision that had quashed the bankruptcy proceedings and approved the settlement agreement with the BCCI.