Markets wait anxiously for the outcome of the Fed decision on interest rates. Key economic data including the ISM Manufacturing PMI and the JOLTS job openings report are due from the U.S. ahead of the Fed announcement. Data released on Tuesday showed China’s Caixin Manufacturing PMI slipping to contraction. Wall Street Futures are trading on a negative note. European benchmarks […]

Following the rally seen in the previous session, stocks may see further upside in early trading on Tuesday. The major index futures are currently pointing to a modestly higher open for the markets, with the S&P 500 futures up by 0.2 percent. Bargain hunting may contribute to continued strength on Wall Street, as stocks remain at relatively reduced levels even […]

President Joe Biden has issued an Executive Order directing a number of sweeping actions to protect Americans from the potential risks of artificial intelligence (AI) systems. In accordance with the Defense Production Act, the Order will require that companies developing any foundation model that poses a serious risk to national security must notify the government when training the model, and […]

Overall tobacco product use among U.S. high school students declined in 2023, primarily attributable to reduced e-cigarette use, the U.S. Food and Drug Administration and the Centers for Disease Control and Prevention or CDC said, citing the 2023 National Youth Tobacco Survey or NYTS. Meanwhile, there was an increase in current overall tobacco product use and multiple tobacco product use […]

Spain’s economy grew more than expected in the third quarter on household spending, advance estimate from the statistical office INE showed Friday. Gross domestic product expanded 0.3 percent sequentially, following second quarter’s revised 0.4 percent expansion. The growth rate was seen at 0.2 percent. On a yearly basis, economic growth eased to 1.8 percent from 2.0 percent a quarter ago. […]

Positive earnings updates and hopes of a moderation in the PCE-based inflation readings in the U.S. helped limit the anxiety triggered by fears of the Middle East conflict widening. Concerns about the monetary policy action by the Bank of Japan also weighed on sentiment. Wall Street Futures are trading on a positive note. European benchmarks mostly gained. Asian stocks also […]

European stocks may see cautious gains at open on Friday after world leaders counselled Israeli Prime Minister Benjamin Netanyahu to delay a full-scale invasion of Gaza, fearing it could ignite hostilities on other Middle East fronts. Meanwhile, after robust U.S. GDP data fueled speculation of further Fed rate hikes, investors now await the Commerce Department’s report on personal income and […]

A slew of U.S. economic data, including weekly jobless claims, durable goods orders, third quarter GDP as well as reports and pending home sales. Early signs from the U.S. Futures Index suggest that Wall Street might open lower. Asian shares finished lower, while European shares are trading down. IBM Corp. (IBM) and Facebook parent Meta Platforms (META) might report earnings […]

‘This year’s detection of frauds and probable recovery will be mainly driven by several compliance measures put in place, and amendments made to the GST regime to plug revenue leakages particularly in new-edge sectors.’ This financial year the Centre is expecting to recover evaded goods and services tax (GST) of over Rs 50,000 crore, more than double compared to FY23, […]

Gig workers in e-commerce firms are yet to find satisfactory channels to voice their concerns as none of the 12 major e-commerce platforms have recognised any collective body of workers, Fairwork India said in its latest report released on Monday. “It is disconcerting that despite the rise in platform worker collectivisation across the country, over the past four years, there […]