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Federal Reserve will lower interest rates. The benchmark S&P 500 index, Nasdaq Composite Index and the Dow Jones Industrial Average recorded their biggest daily percentage declines since early August. Nine out of 11 S&P 500 sectors fell, led by declines in technology, energy, communication services and materials.

United States may not be on the brink of recession as being claimed by major economists as per latest revelation by popular economist Adam Posen, who has claimed that the scares of an imminent recession may actually be far away. His view has opposed the concept of many other economists who have raised the alarm of a major US recession.

New Delhi: The Centre has prepared a five-year plan for developing and expanding more than 50 airports in smaller cities, two senior officials aware of the development said on condition of anonymity. The move is in line with anticipated growth in air travel demand in these cities.

IT companies have slashed their subcontracting costs — or, spending on high-cost temporary workforce — to multi-year lows, driven by increased focus on margins, cost optimisation, and enhancing internal capabilities. Over the past 12-18 months, as growth in the $250-billion software services industry slowed, players like Tata Consultancy Services (TCS), Infosys, HCLTech, Wipro, and Tech Mahindra have been scaling back low-margin subcontracting, or the practice of employing temporary workers at high costs. Instead, they are focusing on upskilling existing employees, improving billable utilisation, and leveraging generative AI (GenAI) to meet the demands of increasingly complex projects, industry analysts said.

Kamala Harris and Donald Trump are currently in a very close tussle during the US Presidential Polls 2024, and when the polls indeed happen, one will surely witness one of the closest battles ever. Some of the polls even suggest that Donald Trump would get a clear victory if the elections were held today itself.

U.S. stocks tumbled to their worst day since an early August sell-off after another report raised worries about the economy’s health

The Ark Season 2 Episode 8 is releasing this week and fans will be able to watch crew of Ark One and their efforts to tackle the latest crisis. Sci-Fi show The Ark was released on February 1, 2023. The cast includes Christie Burke, Reece Ritchie, Richard Fleeshman, Shalini Peiris. Also Read :Coming soon: NASA's dream space plane that can carry people and satellites

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

Losses from bitcoin (BTCUSD) ATM scams soared above $110 million in 2023, a nearly tenfold increase in just three years, new data from the Federal Trade Commission (FTC) shows.

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Julia is an experienced editor with a passion for covering a wide variety of beats. She loves all things politics and regularly covers regulatory updates on emerging technology here for Crypto News.

In 2020 and 2021, COVID-19 Economic Injury Disaster Loans were a lifeline for small businesses

Harvey Hunter is a Junior Content Creator at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.

bank data showed. The weighted average call rate (WACR) stood at 6.47% on Tuesday, as against 6.49% the previous day. The WACR is the operating target of the RBI's monetary policy and is supposed to be closely aligned to the central bank's repo rate. The repo rate is currently at 6.50%

Foreign direct investment in India jumped 47.8 per cent to USD 16.17 billion in April-June this fiscal on healthy inflows in services, computer, telecom and pharma sectors, according to government data. FDI inflows were at USD 10.94 billion in April-June 2023-24. The data showed that overseas inflows in May rose to USD 5.85 billion and in June to USD 5.41 billion from USD 2.67 billion and USD 3.16 billion, respectively, in the year-ago period. In April, FDI inflows were down marginally at USD 4.91 billion against USD 5.1 billion in April 2023.

third-party candidates Jill Stein and Chase Oliver could significantly affect Kamala Harris' chances in Pennsylvania. This state, with its 19 Electoral College votes, is crucial for any presidential candidate. A poll by Wick, conducted between August 27 and 29, indicated that in a direct contest, Harris and Donald Trump are tied at 49 percent each. However, when third-party candidates are included, Trump gains a slight edge, leading with 48 percent to Harris' 47 percent. Stein and Oliver are each polling at 1 percent, as per the reports of MSN.

loan loss provisioning by publicly listed banks in the June quarter increased to a four-quarter high led by a select banks including public sector banks (PSBs) such as State Bank of India (SBI) and Central Bank of India and private sector banks such as Axis Bank, Kotak Mahindra Bank, and Bandhan Bank. The sequential increase can be attributed to seasonal weakness in collections and higher delinquencies in the retail segment. For a sample of 29 banks, provisioning for non performing assets (NPAs) reached Rs 25,737.1 crore in the June 2024 quarter. On a sequential basis, these provisions rose by 11.3%, following an 18.3% increase in the previous quarter. The increase in provisioning in the June quarter was driven largely by the private sector banks, which posted a 38% sequential jump whereas the PSBs reported 2.9% drop in provisions.

Prestige Estates Projects’ subsidiary Prestige Exora Business Parks has bought out its partner’s development rights, and land parcel spread over more than 4.5 acres in Pune’s Kharadi locality for over Rs 200 crores. The Prestige Group entity had entered into a joint development agreement with the landowner B U Bhandari M&M Realtors LLP through a pact inked in July 2017. Both had agreed to jointly develop the plot out of a larger land parcel. In March, both the entities amended certain terms and conditions of the joint development agreement. In furtherance to the joint development pact and supplementary agreement, the landowner has now sold and transferred the land along with entire development potential to the Prestige Group company.

₹48,000 crore to J.C. Flowers Asset Reconstruction Pvt. Ltd in December 2022 for ₹11,183 crore.

ActiVote poll conducted between August 25 and September 2 indicates that Kamala Harris's lead over Donald Trump has decreased to just 1.6 points. Trump currently holds 49.2 percent of the vote, while Harris has 50.8 percent. This narrow advantage is within the 3.1 percent margin of error for the poll, suggesting a close contest. This represents a considerable decline from Harris's 5-point advantage in the previous ActiVote survey, which was completed by 1,000 potential voters between August 15 and August 23, as per the reports of MSN.