Today: 17. Dec, 2024
Wall Street stocks experienced a downturn on Wednesday morning, perpetuating a slump in this holiday-shortened week. The S&P 500 dipped by 0.7%, with a marginally greater number of companies declining than advancing within the index. By 10:46 a.m. Eastern, the Dow Jones…
India’s economy has demonstrated remarkable resilience, achieving its swiftest growth rate in a year during the April-June quarter. Robust demand and a thriving services sector propelled the Gross Domestic Product (GDP) to expand by 7.8% on an annual basis, surpassing the 6.1%…
Asian markets predominantly dipped on Friday, influenced by the upsurge in Wall Street bond yields, sparking concerns about persistent high-interest rates in the U.S. July’s data from Japan highlighted a 3.1% year-on-year consumer price increase, slightly down from June’s 3.3%, but surpassing…
The U.S. economy stands stronger than during the Great Recession. However, sustained inflation and last year’s steep decline in the stock market have unnerved American workers and retirees, casting shadows over their retirement hopes in a manner reminiscent of 2008. The 2023…
Amid ongoing concerns about lasting inflation and an economy showing signs of slowing, analysts predict that the Bank of England might increase interest rates to 5.25% this week, marking a 14th consecutive rise in borrowing costs. The looming increase, which might add…
Increasing apprehensions about banks and the broader world economy prompted stocks to decline in major markets. By midday, the S&P 500 had decreased by 1.1%, marking its potential fifth downturn recently. Concurrently, the Dow Jones was down 1% or 345 points at…
In July, a slight decrease was observed in the unemployment rate of Black workers, mirroring the continued robustness of the broader job market. According to the Labor Department’s announcement on Friday, the rate of joblessness among Black workers dropped to 5.8%, a…
Amazon’s digital commerce showed signs of resurgence in the quarter ending in June, despite broader economic lethargy and hesitant consumer spending in recent months. According to the company, this surge was credited to CEO Andy Jassy’s initiative to enhance the efficiency and…
Asian equity markets exhibited a mixed performance on Friday following a third consecutive day of Wall Street slump in response to a hike in British interest rates. Indices in Shanghai and Hong Kong made gains while Tokyo’s index retreated. Oil prices showed…
A new survey from the Healthcare of Ontario Pension Plan (HOOPP) reveals that many Canadians are struggling to save enough for retirement due to the challenges presented by inflation and escalating interest rates, with a considerable number considering postponing their retirement plans. …
