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1 min read
Fundamental drivers of economy gaining momentum, India on sustainable growth path: RBI Governor Das
In the inaugural address at FIBAC 2024, the governor said that massive changes are taking shape in …
PTI
2 mins read
Credit growth in banks continues to exceed deposits, says new SBI report
The State Bank of India reported that credit growth in Indian banks has been consistently outpacing…
ANI
4 mins read
South Korea is going big on American manufacturing. The Battery Belt could benefit the most.
South Korean companies are flocking to the US to take advantage of Biden's incentives to manufactur…
John Towfighi
2 mins read
TD Bank falls 8% after it faces $3 billion fine and growth caps over charges of enabling fentanyl-linked money laundering scheme
A Chinese drug cartel that was selling fentanyl bribed TD Bank branch employees in New York and New…
Matthew Fox
1 min read
2 big reasons gold prices are set to surge 9% by early next year, according to Goldman Sachs
Central banks have been buying 15% of global annual gold production, and those buying trends should…
Matthew Fox
2 mins read
Bank of America details the best hedge for a big stock-market move on Nvidia earnings
Current options pricing implies Nvidia will jump or fall 8.5% after its earnings results, which is …
Matthew Fox
3 mins read
India's digital economy poised to constitute 1/5th of GDP by 2026, highlights RBI report
Several enabling forces have come together to energise this revolution. Although internet penetrati…
PTI
7 mins read
The JD Vance and Tim Walz debate is likely the last big night of the 2024 campaign. Here's what to expect.
JD Vance and Tim Walz are both sons of the Midwest who on Tuesday are expected to clash in what wil…
Brent D. Griffiths,John L. Do…
2 mins read
Big banks are more at risk of a commercial real estate meltdown than people think, new study says
Commercial real estate debt could bring greater systemic risk than is currently implied by bank bal…
Filip De Mott
8 mins read
The most surprising aspect of Kamala Harris' big surge
Maybe Joe Biden was actually the cause of the vibecession, because Kamala Harris has managed to she…
Emily Stewart
2 mins read
A lone dissenting vote on the Fed's rate cut marks the first split by a central bank governor in 2 decades
The Fed's decision to cut rates by 50 basis points garnered support from 11 of 12 voting members, w…
Kelly Cloonan
2 mins read
Gen Z's love of discount stores could send these 3 retail stocks soaring as much as 18%, Bank of America says
Amid high inflation, Millennials and Gen Z are increasingly shopping at TJ Maxx, Burlington, and Ro…
Kelly Cloonan
2 mins read
Government's commitment to reforms due to dedication to 'nation first': PM Modi in Independence Day speech
The commitment to reforms is the blueprint for growth and is not borne of any political compulsion …
PTI
5 mins read
Harris can chart her own path with the top regulators — and Big Business hopes she's on their side
When it came to economic appointments, Biden was hamstrung by campaign promises. Harris isn't — som…
Alice Tecotzky
3 mins read
Experts welcome moderation of inflation in July, by warns of continued inflationary pressure ahead
In July 2024, India saw its CPI inflation drop to 3.54%, the lowest in almost five years, mainly du…
ANI
5 mins read
Hollywood has a big problem with how people are watching TV these days
Viewers are opting for free TV options in a move threatening to upend Hollywood's decades-old busin…
Dan DeFrancesco
1 min read
Billionaire investor Ray Dalio warns debt is being devalued as governments pile it up and central banks keep rates artificially low
Ray Dalio says he is worried by the amount of debt held globally, and how central banks are using i…
Kelly Cloonan
2 mins read
'Big Short' investor Michael Burry bet half of his portfolio on Chinese stocks. It's finally starting to pay off.
Michael Burry's Scion Asset Management had about half of its portfolio invested in Chinese tech gia…
Matthew Fox
2 mins read
The Fed's lone dissenter on the big rate cut says she's concerned about 'premature declaration of victory' over inflation
Michelle Bowman said such a big initial rate cut could complicate the Fed's mission of getting infl…
Kelly Cloonan
2 mins read
Stock market today: Dow ends at a record high as markets see rising odds of another big rate cut
Odds of another 50 basis point rate cut at the Federal Reserve's next FOMC meeting in November hit …