Federal Reserve officials at their June meeting indicated that inflation is moving in the right direction but not quickly enough for them to lower interest rates, minutes released Wednesday showed. “Participants affirmed that additional favorable data were required to give them greater confidence that inflation was moving sustainably toward 2 percent,” the meeting summary said….
Castrol India Share Price: This surge brings the stock close to its all-time high of Rs 272, achieved in December 2014. The stock has rallied over 20% in the last month, recovering all losses incurred in 2024. Shares of Castrol India Ltd. surged as much as 9.3% on Wednesday, reaching an intraday high of Rs…
One exchange-traded fund is betting on a U.S. manufacturing job resurgence. Tema ETFs CEO and founder Maurits Pot is behind the American Reshoring ETF (RSHO) that focuses on industrials. “Some will call it deglobalization. We’re in the early innings,” Pot told CNBC’s “ETF Edge” this week. “At the heart of it is job creation, manufacturing…
Prahaar was released in 1991. In June 2024, Indian Railways freight earnings went up to Rs 14,798.11 crore. Last year. Indian Railways is one of the most efficient and extensive modes of transport in India. Every day, lakhs of passengers use the Indian railways to travel to different parts of the country. According to the…
A Reuters report claims that Foxconn has been excluding married women from assembly jobs at its Sriperumbudur iPhone assembly plant in Tamil Nadu. (Representational Image) A five-member team of the federal government’s regional labour department visited the Foxconn factory near Chennai, in Tamil Nadu state, on July 1 and spoke to company directors and human…
Check out the companies making headlines in midday trading: Paramount Global — The media and entertainment stock popped more than 9% on news that Skydance Media has reached a preliminary merger deal with controlling shareholder National Amusements. Paramount Global’s special committee is reviewing and voting on the agreement , CNBC reported, citing a person familiar…
The market capitalisation (mcap) of BSE-listed firms hit a record peak of Rs 4,45,43,642.29 crore ($5.33 trillion). Sensex surges 632.85 points to hit a record intra-day high of 80,074.30 The market capitalisation of BSE-listed firms hit a record high of Rs 445.43 lakh crore on Wednesday, driven by a sharp rally in equities, where the…
Former President Donald Trump, left, and President Joe Biden face off in the first debate of the 2024 presidential campaign, in Atlanta, June 27, 2024. Andrew Harnik | Getty Images News | Getty Images The recent U.S. presidential debate saw both candidates trade barbs related to the economy. High pandemic-era inflation was among the grievances….
Swiggy India: How India Eats An increase in eating out frequency, higher purchasing power and a growing customer base will drive the Indian food services market, according to a study by Swiggy and Bain & Company India’s food delivery segment is expected to cross Rs 2.12 lakh crore by 2030, growing at a compound annual…
JPMorgan’s Marko Kolanovic. Crystal Mercedes | CNBC A top strategist at JPMorgan who was caught offside by the stock market rally is quitting the investment firm. Marko Kolanovic, who served as chief global markets strategist and co-head of global research, is leaving the bank to explore other opportunities, according to a source familiar with the…
