 "The Fed cuts interest rates amid job market concerns, signaling potential economic shifts ahead of a tight presidential election.")
The Federal Reserve recently cut interest rates by half a percentage point, responding to concerns about the job Market‘s health. Chair Jerome Powell announced this decision, indicating growing confidence that inflation is moving toward the 2% target. The Fed expects to gradually lower rates further, aiming for a range of 2.75% to 3.00% by 2026. ...
As global markets gear up for a new trading week, all eyes are on the upcoming Federal Reserve interest rate decision on September 18. Experts widely expect the Fed to announce its first rate cut in four years, with predictions ranging from a 25 basis points to a more aggressive 50 basis points reduction. Recent ...
Sitaram Yechury, the General Secretary of the Communist Party of India (Marxist), passed away on September 12, 2024, due to a respiratory tract infection at AIIMS Hospital. His body was taken to the party office in Delhi, where several prominent leaders from the INDIA bloc paid their respects. In line with his wishes, Yechury’s body ...
 "Gold skyrockets to a record 55 amidst rate cuts and economic uncertainty, signaling potential market shifts ahead.")
Gold prices have reached a new record high of $2555, breaking the previous peak of $2532 after a period of consolidation. This surge comes amid rising US jobless claims and a downward revision in prior Producer Price Index (PPI) data, along with the European Central Bank’s recent rate cut. Spot gold was trading positively at ...
 "Bina Modi defends closing retail brand 24Seven amid family tensions, as Godfrey Phillips shifts focus amid boardroom drama.")
Godfrey Phillips India Ltd Chairperson, Bina Modi, recently defended the decision to close the retail division ’24Seven’, originally created by her son, Samir Modi. During the company’s annual general meeting, she emphasized the move’s alignment with the strategy of focusing on core business strengths. Earlier, a court lifted an injunction that had temporarily blocked this ...
 "Market Soars: Bulls Anticipate Rate Cuts Amid Global Economic Shifts")
This week, stock Market movements will be influenced by global trends, economic data releases, and foreign investor activities. Analysts highlight the importance of institutional flows, with expectations of a potential U.S. Federal Reserve rate cut boosting investor confidence. The benchmark indices have seen impressive gains recently, with the BSE and Nifty reaching all-time highs. Key ...
 "India’s GDP Growth Hits Five-Quarter Low Amid Economic Shifts and Challenges")
India’s economic growth for the June quarter slowed to 6.7%, marking a five-quarter low, primarily due to a rise in net indirect taxes. The growth fell short of the Reserve Bank of India’s 7.1% prediction and a Reuters poll estimate of 6.9%. Despite this, the gross value added (GVA) showed sequential growth at 6.8%. Agricultural ...
Michael Burry, the famed investor known for predicting the 2008 financial crisis, is making big moves in the Market once again. Burry is placing heavy bets on gold and renewable energy stocks, signaling his belief in their potential for growth. In a surprising move, he has also decided to exit positions in tech giants Amazon ...
