The Fed’s preferred inflation gauge, core PCE, likely rose in September—moving in the wrong direction. Yet volatility indices show no signs of major turbulence. The core PCE likely rose 2.9% year-on-year in September, heading in the wrong direction from the Fed’s goal of a 2% annual rate, according to FactSet. If the actual figure matches…
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NEW DELHI: The Election Commission on Tuesday agreed to Trinamool Congress‘s request for a meeting with the poll body, against the backdrop of the party attributing the recent suicides and deaths of booth level officers (BLOs) to “workload” arising out of the ongoing special intensive revision (SIR) in the state, reports Bharti Jain.Responding to the…
India will reportedly reduce its Russian oil imports following the deal with the US, who has agreed to cut trade tariffs in exchange. US President Donald Trump signed an order removing the additional 25 per cent duty on Indian imports after India promised to decrease Russian oil purchases. While refiners haven’t received official orders to…
BJP on Sunday stepped up its attack on West Bengal chief minister Mamata Banerjee over the chaos and vandalism at Kolkata’s Salt Lake Stadium following Argentine football star Lionel Messi’s appearance, accusing the state government of gross mismanagement and demanding accountability.Speaking to IANS, BJP leader Dilip Ghosh said chief minister Mamata Banerjee must take responsibility…
Oil prices extended their gains as the Middle East conflict intensifies and Strait of Hormuz continues to see disruption, fueling fears of supply disruptions in global markets. On Tuesday, Brent crude futures rose by $2.48, or 2.5%, to $102.69 per barrel at 0058 GMT, while US West Texas Intermediate (WTI) crude advanced by $2.42, or…
The latest tech sell-off underscores that it’s still a different game for investing in China versus the U.S. “The U.S. decline was primarily triggered by earnings miss[es] from some market leaders, but in China it was mainly sentiment spillover plus portfolio adjustment/rotation,” said Ding Wenjie, investment strategist for global capital investment at China Asset Management…
NEW DELHI: CCTV footage from a juvenile observation home in J&K’s R S Pura captured the dramatic moment three inmates including two Pakistani nationals, broke out after attacking armed guards, triggering a massive manhunt across Jammu district.The incident took place at around 5.15pm on Monday at the Observation Home in the border area of Jammu….
The Centre is pushing port-led infrastructure expansion in Andhra Pradesh, with four ports currently under construction, even as it steps up nationwide port modernisation and efficiency measures.As per information shared on Friday in Parliament, the ports under construction in Andhra Pradesh are Mulapeta Port (formerly Bhavanapadu Port) in Srikakulam district, Machilipatnam Port in Krishna district,…
Bitcoin and ether climbed above key technical levels on Friday, tracking gains in Asian equities after the Bank of Japan raised interest rates to their highest level in three decades and cooling U.S. inflation data revived appetite for risk assets. Bitcoin rose above $87,000 in Asia trading, while ether pushed higher alongside broader market strength,…
