India’s growth momentum remains on a firm footing on the back of resilient domestic demand, despite the global challenges NEW DELHI: The finance ministry on Wednesday said that swifter policy responses and their implementation are critical to encourage foreign and domestic investment in the economy and underlined the need for reimagining responses to deal with…
Micron Technology’s stock is under close watch after a sharp selloff, with many investors wondering whether the shares can still reach the $1,300 mark in August. The recent drop came even as the artificial intelligence (AI) memory market continues to grow, leading to a fresh debate over Micron’s short-term and long-term price potential. Most Wall…
Inflation has remained above the US Fed’s 2% target for more than five years. (AP photo) Kevin Warsh-led Federal Open Market Committee (FOMC) decided to keep the interest rate unchanged in the 3.5-3.75% range. The US Federal Reserve announced the monetary policy review after deliberations on July 28 and July 29. “The Committee decided to…
The US Federal Reserve is widely expected to keep interest rates unchanged when it announces its policy decision on Wednesday. However, this meeting is more uncertain than usual because Fed Chair Kevin Warsh has stopped giving clear guidance about what the central bank may do next. Fed interest rate decision is uncertain as Kevin Warsh…
The long proposed India-US bilateral trade agreement will enter its first phase only after Washington restores India’s tariff competitiveness against rival exporting nations, Addressing concerns around the much awaited trade pact, commerce and industry minister Piyush Goyal on Wednesday, said that the understanding reached between the two countries was based on India receiving a comparative…
Retirement marks a shift in the way your money needs to work. A structured retirement corpus may combine bonds, equity investments and fixed deposits, with each serving a different purpose. Read the infographic to understand how bonds can contribute to recurring cash flow. Retirement marks a shift in income sources rather than a cessation. A…
Oil prices rallied sharply on Wednesday, with benchmark crude contracts gaining over 7%, after a fresh wave of military action in the Middle East reignited concerns over global oil supplies. The rally was also supported by industry data showing a drawdown in US crude inventories.Around 9 pm IST, Brent crude rose $6.28, or 7.47%, to…
Grant Thornton Advisors has agreed to buy accounting and advisory company CBIZ Inc. in a $5 billion cash deal. The companies announced the deal on Wednesday. After the deal is completed, the combined company will become one of the largest accounting and professional services firms in the US. The deal comes at a time when…
Technology stocks, particularly companies viewed as richly valued, remain under pressure. US stock market today: US equities traded in negative on Wednesday as investors awaited the outcome of the Federal Reserve’s latest policy meeting on interest rates. Meanwhile, oil prices climbed sharply.S&P 500 edged down 0.73%. The Dow Jones Industrial Average lost over 700 points,…
The U.S. government is swinging behind a fledgling startup’s moonshot bid to dislodge Boeing as America’s only major maker of commercial airliners. The aircraft that JetZero wants to do it with is no less radical than its ambition. It looks more like a manta ray than the tube-with-wings blueprint that has been the default for…
