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3 mins read
Sensex, Nifty scale fresh record high levels on robust FII inflows
Rallying for the sixth straight session, the 30-share BSE Sensex climbed 141.34 points or 0.18 per …
PTI
4 mins read
A shortage of young men in the workforce could weigh on housing, Social Security, and growth for years to come
Around 7.2 million men have dropped out of the workforce. That has a host of consequences that coul…
Jennifer Sor
2 mins read
OPEC+ extends major oil production cuts until 2025 to stabilise market
Faced with slow demand growth, high interest rates, and the rise in U.S. oil production, the group …
ANI
2 mins read
Tariffs on China could end up making inflation worse and hurting US economic growth, S&P Global says
"Higher tariffs are likely to feed through to higher prices, complicating central bankers' decision…
Filip De Mott
2 mins read
Silver price gains are outshining gold's thanks to China's overproduction of solar panels
Silver prices have soared 35% to 12-year highs, outpacing gold's gains. The rally is driven by indu…
Huileng Tan
2 mins read
Benefiting from strong sales, gold jewellers set for 17-19% revenue growth in 2024-25: Crisil
Benefiting from strong sales, organised gold jewellery retailers are set to clock 17-19 per cent re…
ANI
1 min read
Why the US isn't facing a stagflation threat even as growth slows, according to BofA
The firm says inflation is being driven by a strong consumer, which makes the current situation les…
Filip De Mott
3 mins read
The US economy may be barrelling towards stagflation, an outcome worse than recession
As US growth shows signs of sputtering and inflation keeps rising, a re-run of the tumultuous 1970s…
Filip De Mott
2 mins read
An escalating cold war between US and China would be a blow to global growth, IMF official says
The IMF predicts that the global economy could incur costs equivalent to as much as 7% of the world…
Yuheng Zhan
2 mins read
Prepare for house price growth to slow, says First American chief economist
Mortgage rates are expected to drop this year, bringing sellers back to the market and slowing the …
Chris Johnston
1 min read
Cargo traffic at 12 major Indian ports rises 6.8% to 69.8 MT in Jun
The 12 major ports are Deendayal (Kandla), Mumbai, Mormugao, New Mangalore, Cochin, Chennai, Enn…
PTI
2 mins read
India's FMCG sector to see revenue growth of 7-9% in fiscal 2024: CRISIL
The report added that the product realisations are expected to grow modestly with slight increases …
ANI
2 mins read
Home prices are falling in parts of Florida and Texas as buyers tap out and supply outpaces demand
Home prices fell in five parts of Florida and Texas as buyers balked at high values and steeper mor…
Theron Mohamed
1 min read
Coal India's Q1 production surges 8% to 189.3 million tonne in FY'25
CIL's supplies also rose by 6 per cent to 198.4 million tonnes during April-June 2024, with a si…
PTI
2 mins read
Trump's wide-reaching tariff plan will hurt average Americans and only help the top 1%, Nobel-winning economist says
Experts say Trump's proposed tariffs would only benefit the wealthiest Americans, and cause inflati…
Filip De Mott
2 mins read
America's freight recession is showing no signs of ending
A recent negative ratings downgrade by S&P is just the latest sign that the freight industry is sti…
Filip De Mott
2 mins read
Russia is looking to rein in the country's property boom as it tries to cool an overheating economy
Russia's government has shelled out about half a trillion rubles since 2020 to fund a program that …
Jennifer Sor
2 mins read
The US cities where renters are struggling the most
Half of all US renters were cost-burdened in 2022, spending more than 30% of their income on rent a…
John Towfighi,Eliza Relman
2 mins read
The most immediate threat to China's economy isn't external. It's internal.
Recent gauges of China's manufacturing activity show export demand, but domestic sentiment is weak.
Huileng Tan
5 mins read
Gen Xers who began their financial independence journeys in their 40s and 50s explain how they're on pace to meet their early retirement goals
BI spoke to late starters who started to save and invest in their 40s and 50s and set themselves up…