Private sector job growth in the U.S. slowed by much more than expected in the month of September, payroll processor ADP revealed in a report released on Wednesday. ADP said private sector employment rose by 89,000 jobs in September after climbing by an upwardly revised 180,000 jobs in August. Economists had expected private sector employment to advance by 153,000 jobs […]

Early signs from the U.S. Futures Index suggest that Wall Street might open moderately positive. Asian shares closed mostly down, while European shares are trading higher. Reports on private sector employment, service sector activity, and factory orders might get attention on Wednesday. Major fed talks are also scheduled today. As of 7.40 am ET, the Dow futures were up 34.00 […]

Martin Lewis discusses interest rates The US still has the “potential” to fall into a serious recession due to high interest rates, according to experts. Central banks, including the Federal Reserve and the Bank of England, have hiked rates multiple times over the last year. This has been done to mitigate the damage caused by soaring inflation on the economy […]

Union excise duty collection dropped 18 per cent in August year-on-year at a time when the overall central tax kitty rose about 94 per cent before devolution to the states. The mop-up from Union excise duty declined to Rs 23,576 crore in August this year compared to Rs 28,816 crore in the same month a year ago. On the other […]

European stocks may edge lower at open on Tuesday as investors fret about the impact of higher interest rates on global growth. Asian markets were mostly lower, with Hong Kong’s Hang Seng falling more than 3 percent as traders returned to their desks after the National Day holiday on Monday. China Evergrande Group shares jumped 23 percent in Hong Kong […]

The Institute for Supply Management released a report on Monday showing a modest slowdown in the pace of contraction in U.S. manufacturing activity in the month of September. The ISM said its manufacturing PMI rose to 49.0 in September from 47.6 in August, although a reading below 50 still indicates a contraction. Economists had expected the index to inch up […]

‘AI is not a new thing for us. We started our AI journey in 2015.’ Genpact is sharpening its focus on generative artificial intelligence (GenAI). While cost reduction and digital transformation remain high priorities for clients, they are increasingly turning to Genpact to help accelerate their data journey, says NV ‘Tiger’ Tyagarajan, chief executive officer (CEO), Genpact. NYSE-listed Genpact has […]

Rooster Teeth is moving its content from YouTube to its own website, a move designed to bolster revenue that will allow them to create more content. In a video posted to X, showrunner Kerry Shawcross said that “YouTube revenue is just not cutting it for us anymore.” He noted that watching a video on the Rooster Teeth website with an […]

The Securities and Exchange Commission wants a word with Elon Musk. The agency has asked a federal judge in San Francisco to compel the billionaire social media honcho to testify in its investigation of Musk’s 2022 purchase of Twitter (now X). The filing in U.S. District Court notes that he “failed to appear for testimony on September 15, 2023, as […]

‘The cost of financing the fiscal deficit will decrease, as new passive investors join in.’ Vikas Goel, MD and CEO at PNB Gilts spoke to Anjali Kumari/Business Standard on the impact of JPMorgan’s inclusion of Indian bonds in its global index, in a telephonic interview. What will be the overall impact of bond inclusion in the near term and long […]