Show Financial News

China's economy grew 5.3% in the first quarter year-on-year, official data showed on Tuesday, comfortably beating analysts' expectations, a welcome sign for policymakers as they try to shore up demand and confidence in the face of a protracted property crisis. Analysts polled by Reuters had expected first-quarter gross domestic product (GDP) to expand 4.6% from a year earlier, compared to 5.2% in the previous three months.

Treasury yields and concerns about rising geopolitical tensions between Iran and Israel. With the S&P 500 coming off its biggest one-day percentage drop since Jan. 31 in the prior session, stocks opened higher in part after data showed retail sales increased by more than expected in March.

Market focus was also on the Chinese yuan, with a slew of top-tier economic data due out of China later in the Asian morning expected to show the world's second-largest economy slowed in the first quarter.

Middle East after Israel's military chief said his country would respond to Iran's weekend missile and drone attack amid calls for restraint by allies. Brent futures for June delivery rose 46 cents, or 0.5%, to $90.56 a barrel by 0005 GMT. U.S. crude futures for May delivery rose 43 cents, or 0.5%, to $85.84 a barrel.

Volodymyr Zelensky urged allies on Monday to show the same «unity» towards Ukraine as Israel, which said it repelled an Iranian attack over the weekend with Western support. Ukraine has in recent months grown increasingly frustrated at delays in Western aid, including air defences it says are urgently needed to repel deadly Russian attacks.

DISTILL CEO Neely Tamminga discusses whether the Fed has been restrictive enough to rein in inflation on Making Money.

Murphy's new medical procedural series, «Dr. Odyssey,» alongside lead actor Joshua Jackson. The series is set to premiere during the 2024-2025 broadcast season on ABC, as per a Deadline report.

The CFP Board said the March CFP certification exam had a record-breaking number of participants.

Borussia Dortmund coach Edin Terzic said on Monday his side had to give everything in Tuesday's home Champions League quarter-final second leg against Atletico Madrid after being «punished» in the first game. Dortmund trail 2-1 after last week's match in Madrid, where individual mistakes allowed Atletico to take a 2-0 lead after 30 minutes. The German club fought back as Sebastien Haller scored to bridge the deficit, although the striker will miss Tuesday's clash with injury.

Tesla will lay off more than 10 per cent of its global workforce, an internal memo seen by Reuters on Monday shows, as it grapples with falling sales and an intensifying price war for electric vehicles (EVs).

Diljit Dosanjh says he and fellow Punjabis can do it all. This was the actor's message to naysayers who bracket Punjabis into a certain image at his packed concert, held over the weekend at the Mahalaxmi Race Course Grounds here. Dosanjh, who is receiving good reviews for his recently released film 'Amar Singh Chamkila', performed on Saturday as part of the BMW Joytown 2024 event. The singer, also considered a fashion icon, shared a video from the show on his Instagram account on Sunday night

ALSO READ: SRH vs RCB IPL 2024: Sunrisers break their own record, score 287 runs in 20 overs However, both Siraj and Maxwell have not been effective in this IPL. While Siraj has picked just 4 wickets in 6 matches at an economy rate of 10.41, Maxwell has scored just 32 runs in 6 innings and with the ball he has claimed four wickets. Speaking about Maxwell's batting approach, Indian cricket legend Sunil Gavaskar pointed out his weakness.

the finance ministry’s estimates, annual payment totals for 2024/25 for a family of four are $1,800 in Alberta, $1,200 in Manitoba, $1,120 in Ontario, $1,504 in Saskatchewan, $760 in New Brunswick, $824 in Nova Scotia, $880 in Prince Edward Island and $1,192 in Newfoundland and Labrador.The top-up for rural residents remains at 10 per cent for now, as the amendment to increase that top-up to 20 per cent has not yet passed the House of Commons.

If you were an early crypto investor, you’d know the leading crypto assets before cryptos even became a worldwide exchange were Bitcoin and Ethereum. This was because they showed potential growth and delivered. 

xAI's official X account (formerly Twitter), where they shared details about the model's new features in a blog post. While the fundamental features of Grok 1.5 remain unchanged in this updated version, the addition of vision capabilities is expected to expand its capabilities in interacting with the real world. xAI conducted benchmark tests to evaluate Grok 1.5 Vision's performance across various metrics, including their proprietary RealWorldQA benchmark, which assesses the model's understanding of real-world spatial concepts.

ALSO READ: Wall Street week ahead: Investors to focus on US economic data, key earnings Iran had launched the attack after a suspected Israeli strike on its embassy compound in Syria on April 1 that killed top Revolutionary Guards commanders. Investors’ sentiments were also boosted by positive economic data. A report showed that US retail sales rose 0.7 per cent in March.

ALSO READ: Average salary appraisals in IT sector projected between 8.4% to 9% in 2024 In simple words, it can be explained as in ‘dry promotion’ an employee’s designation changes and workload increases, but the monetary compensation remains the same. Recently, a report by compensation consultant Pearl Meyer revealed that more than 13 per cent of employers chose to give their staff new job titles instead of a hike in salary.

CIBIL score, or credit score, maintains credit information of individuals and businesses. Your CIBIL score is a three-digit numeric summary of your credit history. It, undoubtedly, plays an important role in the loan application process. It influences the interest rates, loan terms, processing time and negotiating power, among others.

talent acquisition (TA) specialists, a report said on Monday. Fraudulent practices by candidates during online assessments have emerged as the biggest fear of the participants (39 per cent), followed by anxiety over finding the right candidate for a role (37 per cent), according to a report by AI-powered recruitment automation firm HirePro. The lack of effective tools to gauge specific skills has emerged as the next significant worry among 26 per cent of recruiters, it added.

Pine Labs. While Baron Funds hiked its valuation to $5.8 billion, Invesco has raised it to $4.8 billion as of December 2023, regulatory filings with the US Securities and Exchange Commission showed. Baron Funds had valued Pine Labs at $5.3 billion in September last year. On January 4, ET reported that Invesco had cut the valuation of Pine Labs to $3.9 billion as of October 31.

Narendra Modi has taken on the opposition for failing to keep its promises to the people. Speaking to in an interview, the Prime Minister said that politicians need to take ownership of the statements they make to the people. «I feel that political leadership is becoming questionable. In such a situation, we should remember that we have a tradition of 'Pran Jaye par Vacchan na Jaye'. (You can lose your life but not your word). I believe that politicians should take ownership, they should take responsibility. What I say is my responsibility and I have given the guarantee for that. I also commit and I take ownership. Take the case of Article 370, it has been our party's commitment. When it was my turn, I showed courage and did away with 370. And today, the fate of Jammu and Kashmir has changed,» the PM said. «Triple Talaq. Many things happened the political leadership, then got scared. People said, why should we trust them? They say one thing and the other. But people started believing. Trust is a very big power. And in a country like India, I consider this trust as my responsibility. And that is why I say this again and again,» the PM added.