US stocks fell sharply on Friday as surging oil prices and disappointing economic data fuelled concerns about a potential stagflation scenario, where slowing growth combines with rising inflation.The S&P 500 dropped 1.6%, while the Dow Jones Industrial Average fell 909 points, or 1.9%, to 48,338.36 as of 9:35 am Eastern Time, AP reported. The Nasdaq…
Mamata with nephew Abhishek at the protest site in Kolkata on Friday KOLKATA: Bengal CM Mamata Banerjee began her sit-in Friday, alleging a “BJP-EC conspiracy to disenfranchise Bengali voters” through SIR of the electoral roll, and said the upcoming assembly polls would be a farce if genuine voters are not allowed to vote.To back her…
Check out the companies making headlines in midday trading. Bank stocks — All 101 stocks in the State Street SPDR S & P Bank ETF (KBE) were down Friday as the spread widened between the 2- and 10-year Treasury yield in a move known as a bear steepening that often suggests increased expectations of future…
FILE -The Daily Telegraph newspaper with the front page of French President Emanuel Macron is seen at a supermarket in London, March 21, 2024. (AP Photo/Kin Cheung, File) German media conglomerate Axel Springer announced Friday that it was purchasing the UK’s Telegraph Media Group for £575 million, in a proposed deal subject to approval by…
Bitcoin’s move to a one-month high of $74,000 this week triggered a wave of profit-taking from short-term traders, according to data from CryptoQuant. The largest cryptocurrency is trading around $69,000 after losing momentum from Wednesday’s break above $70,000. CryptoQuant analyst Darkfost explains that short-term holders transferred more than 27,000 BTC ($1.8 billion) to exchanges in…
GUWAHATI/NAGPUR/GURGAON: Squadron Leader Anuj Vashishth and Flight Lieutenant Purvesh Duragkar, who was part of Operation Sindoor last year, were killed on Thursday evening when their Su-30MKI crashed in Assam’s hilly Karbi Anglong district shortly after going off the radar during a training sortie, IAF confirmed on Friday after locating the wreckage. The Sukhoi jet had…
In Dubai, traders have begun offering gold at discounts of up to $30 per ounce compared with the benchmark price in London. (AI image) US-Irasel-Iran war impact on gold prices: In UAE’s Dubai, which finds itself in the midst of the escalating Middle East crisis, the yellow metal is now available at very steep discounts….
NEW DELHI: The price of domestic cooking gas cylinders has been increased from Saturday (March 7), with the cost of a 14.2-kg LPG cylinder rising by Rs 60 across the country, according to sources cited by news agency ANI.With the latest revision, the price of a 14.2-kg domestic LPG cylinder in Delhi may increase from…
The upcoming Noida International Airport in Jewar has received its aerodrome licence from the Directorate General of Civil Aviation (DGCA), clearing a key regulatory hurdle and bringing the project closer to the start of flight operations.The development was confirmed by Rakesh Kumar Singh, chief executive officer of Noida International Airport Limited (NIAL) and the Yamuna…
NEW DELHI: Setting the stage for a fresh showdown between BJP-led NDA and opposition, Lok Sabha will take up on March 9 a resolution backed by MPs from Congress and its allies for removal of Speaker Om Birla for his alleged partisan conduct, as Parliament reconvenes for Budget session’s second part from Monday.Governing NDA’s numerical…
