Economy
- Powell says Fed will likely cut rates cautiously given persistent inflation pressuresapnews.com Powell says Fed will likely cut rates cautiously given persistent inflation pressures
Chair Jerome Powell says the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the Fed’s officials want to see where it heads next.
- Australians’ wages increase faster than inflation for fourth quarter runningwww.theguardian.com Australians’ wages increase faster than inflation for fourth quarter running
ABS confirms wage price index rose an annual rate of 3.5% in September quarter, bringing some relief to households battling cost of living pressures
- UK growth slows but December interest rate cut unlikely; vaccine-maker shares hit by RFK Jr nomination – as it happenedwww.theguardian.com UK growth slows but December interest rate cut unlikely; vaccine-maker shares hit by RFK Jr nomination – as it happened
Latest UK GDP growth report shows UK grew by just 0.1% in July-September, a slowdown on the first half of the year
- Why financial markets are so oddly calmwww.economist.com Why financial markets are so oddly calm
Indicators of market volatility have plunged
- Economists need new indicators of economic miserywww.economist.com Economists need new indicators of economic misery
Existing measures of discomfort are failing to predict elections
- G20 Summit: Brazil's billionaire tax plan faces pushbackwww.dw.com G20 Summit: Brazil's billionaire tax plan faces pushback – DW – 11/15/2024
The G20 summit in Rio aims to build consensus on taxing the super-rich for climate action and poverty relief. But as geopolitical issues take priority, President Lula may struggle to quell skepticism over the proposal.
- Infographic: Diabetes Cases Are Climbingwww.statista.com Infographic: Diabetes Cases Are Climbing
This chart shows the share of adults 20-79 y/o with diabetes by world region in 2021 and 2045 (projected).
- Alibaba rises 3% in premarket after profit beat, despite miss on saleswww.cnbc.com Alibaba posts profit beat as China looks to prop up tepid consumer spend
The results come at a tricky time for Chinese commerce businesses, given the broad sluggishness in the world's second-largest economy.
- How to pay for the poor world to go greenwww.economist.com How to pay for the poor world to go green
Rich countries need not reinvent the wheel
- Watch These Domino's Pizza Price Levels as Stock Jumps After Berkshire Takes Stakewww.investopedia.com Watch These Domino's Pizza Price Levels as Stock Jumps After Berkshire Takes Stake
Domino’s Pizza shares jumped nearly 8% in extended trading on Thursday after a filing revealed that Warren Buffett’s Berkshire Hathaway had taken a stake in the world’s largest pizza chain. Monitor these important chart levels.
- Trump tariffs: Does EU have to fear trade war with US?www.dw.com Trump tariffs: Does EU have to fear trade war with US? – DW – 11/12/2024
With the reelection of Donald Trump, many European businesses fear a wave of promised tariffs that could lead to a trade war. Are they overreacting or does the EU need to be better prepared?
- Bitcoin faces profit-taking, trades below $87,500; Ethereum and other cryptos drop up to 17%economictimes.indiatimes.com Bitcoin faces profit-taking, trades below $87,500; Ethereum and other cryptos drop up to 17%
"Bitcoin experienced profit-taking following Fed Chairman Powells statement that there is 'no rush to cut rates,' as inflation data came in slightly above expectations," said Edul Patel, Co-founder and CEO of Mudrex.
- AMD to lay off 4% of workforce, or about 1,000 employeeswww.cnbc.com AMD to lay off 4% of workforce, or about 1,000 employees
At the end of last year, AMD had 26,000 employees, according to a U.S. Securities and Exchange Commission filing.
- Sanders and Warren push Democrats to fight for workers and ‘unrig’ economywww.theguardian.com Sanders and Warren push Democrats to fight for workers and ‘unrig’ economy
Progressive senators urge party to ‘learn the right lessons’ from election defeat and take fight to US billionaire class
- Wholesale prices rose 0.2% in October, in line with expectationswww.cnbc.com Wholesale prices rose 0.2% in October, in line with expectations
The producer price index was expected to increase 0.2% in October, according to the Dow Jones consensus forecast.
- G20: Lula faces high stakes on climate, taxing billionaireswww.dw.com G20 Summit: Brazil's billionaire tax plan faces pushback – DW – 11/15/2024
The G20 summit in Rio aims to build consensus on taxing the super-rich for climate action and poverty relief. But as geopolitical issues take priority, President Lula may struggle to quell skepticism over the proposal.
- Powell says the Fed doesn't need to be 'in a hurry' to reduce interest rateswww.cnbc.com Powell says the Fed doesn't need to be 'in a hurry' to reduce interest rates
"The strength we are currently seeing in the economy gives us the ability to approach our decisions carefully," Powell said.
- Watch Fed Chair Powell Live Herewww.investopedia.com Watch Fed Chair Powell Live Here
Federal Reserve Chair Jerome Powell is set to speak Thursday in Dallas at 3 p.m. ET. You can watch his appearance live here.
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- Medanta Q2 Results: Co reports 4.5% jump in net profit to Rs 130.8 croreeconomictimes.indiatimes.com Medanta Q2 Results: Co reports 4.5% jump in net profit to Rs 130.8 crore
Global Health (Medanta) witnessed a 4.5% rise in net profit, reaching Rs. 130.8 crore in Q2FY25, driven by revenue growth from existing and new hospitals, coupled with increased patient numbers. Their revenue climbed 12.7% YoY, hitting Rs 975 crore, with EBITDA at Rs 247 crore, marking a 5.5% YoY in...
- Norway Moves to Take Control Over Natural Gas Export Network | OilPrice.comoilprice.com Norway Moves to Take Control Over Natural Gas Export Network | OilPrice.com
Norway’s government has reached agreements to purchase majority stakes in key gas infrastructure assets, aiming to secure its position as Europe’s largest gas supplier.
- Rules imposed after financial crisis have ‘gone too far’, Reeves tells City bankerswww.theguardian.com Rules imposed after financial crisis have ‘gone too far’, Reeves tells City bankers
Chancellor uses Mansion House speech to suggest it is time to loosen some constraints brought in after 2007-08 crash
- Germany's VW and Rivian launch joint electric car venturewww.dw.com Germany's VW and Rivian launch joint electric car venture – DW – 11/13/2024
The German automotive giant said that it was committing to a $5.8 billion investment to boost its transition to electric vehicles in cooperation with US EV-maker Rivian.
- Web Summit in Lisbon: European tech startups await Trump's returnwww.dw.com Web Summit: European tech startups await Trump's return – DW – 11/14/2024
US presidential politics mixed with tech talk at Europe's showpiece technology festival in Lisbon, Portugal. The continent's startups are torn on what to expect from Donald Trump's second term.
- Nava Ltd board approves 1:2 stock spliteconomictimes.indiatimes.com Nava Ltd board approves 1:2 stock split
This marks the second time the company has undertaken a stock split. In August 2005, Nava previously split its stock from a face value of Rs 10 per share to Rs 2 per share, according to Trendlyne data.
- UK’s pensions megafunds plan ‘could hurt savers’; renters face ‘chasm’ as demand outstrips supply – business livewww.theguardian.com UK mortgage rates rising; Meta fined for breaching EU antitrust rules – as it happened
Rolling coverage of the latest economic and financial news
- Brigade Enterprises Q2 Results: Profit down 11% to Rs 118 croreeconomictimes.indiatimes.com Brigade Enterprises Q2 Results: Profit down 11% to Rs 118 crore
Realty firm Brigade Enterprises Ltd on Wednesday reported an 11 per cent decline in its consolidated net profit to Rs 118.98 crore in the September 2024 quarter. Its net profit stood at Rs 133.50 crore in the year-ago period.
- Consumer Price Index Summary - OCT 2024.
> The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. Indexes are available for the U.S. and various geographic areas. Average price data for select utility, automotive fuel, and food items are also available.
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> The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent on a seasonally adjusted basis in October, the same increase as in each of the previous 3 months, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 2.6 percent before seasonal adjustment.
> The index for shelter rose 0.4 percent in October, accounting for over half of the monthly all items increase. The food index also increased over the month, rising 0.2 percent as the food at home index increased 0.1 percent and the food away from home index rose 0.2 percent. The energy index was unchanged over the month, after declining 1.9 percent in September.
> The index for all items less food and energy rose 0.3 percent in October, as it did in August and September. Indexes that increased in October include shelter, used cars and trucks, airline fares, medical care, and recreation. The indexes for apparel, communication, and household furnishings and operations were among those that decreased over the month. > > The all items index rose 2.6 percent for the 12 months ending October, after rising 2.4 percent over the 12 months ending September. The all items less food and energy index rose 3.3 percent over the last 12 months. The energy index decreased 4.9 percent for the 12 months ending October. The food index increased 2.1 percent over the last year.
- Super Micro Computer Price Levels to Watch as Stock's Slump Accelerateswww.investopedia.com Super Micro Computer Price Levels to Watch as Stock's Slump Accelerates
Super Micro Computer shares continued sliding in extended trading after leading Nasdaq decliners on Wednesday following news that the embattled server maker would delay the filing of its quarterly results. Monitor these important chart levels.
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- What does America’s next treasury secretary believe?www.economist.com What does America’s next treasury secretary believe?
We take a look at the leading contenders for the job
