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The Fed is done cutting rates this year as the 'phantom recession' is finally dead, market vet says

The US recession many forecasters have been calling for isn't going to materialize anytime soon, ac…

Jennifer Sor   


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Growth in India set to get more broad-based, says Morgan Stanley; pegged 6.8% for 2024

Growth in India, which already is strong and surging, may become more broad-based across both on th…

ANI   


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A stock market correction is coming as rates, inflation, and valuations darken the outlook for investors, strategist says

The S&P 500 is poised for a 5% drop, according to CFRA chief investment strategist Sam Stovall.

Jennifer Sor   


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The stock market can rise another 13% this year even with a dwindling rate-cut outlook, Fundstrat's Tom Lee says

The S&P 500 could end the year at 5,700 even if the outlook for Fed rate cuts doesn't brighten, Fun…

Jennifer Sor   


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Global economy to grow 2.7% in 2024 as major economies avoid severe downturn: UN report

The growth rate of the world economy is expected to remain around 2.7 per cent in 2024, and 2.8 per…

ANI   


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This college professor turned out to be an economic oracle last year. Here's her outlook for 2024.

Belinda Román teaches at a little-known Catholic university in Texas. She called the economy better…

George Glover   


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China's latest stimulus boosts emerging-market stocks to the highest level in 2 years

Emerging markets' stocks climbed to their highest since April 2022 on Tuesday after China introduce…

Kelly Cloonan   


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Indian markets could recover on Monday but earnings, global cues will decide the rest of the week, say experts

Indian stock markets are geared up for a dynamic performance in the coming week, influenced by a mu…

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A recession next year is now even less likely following the blowout jobs report, says Goldman Sachs

Economists are less concerned about an imminent downturn after far more jobs were added in Septembe…

Theron Mohamed   


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Deloitte projects India's FY25 GDP growth at 6.6%

Deloitte India on Friday said it estimates India's GDP growth at 6.6 per cent in the current fiscal…

PTI   


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Why oil prices have cratered to their lowest level in nearly 3 years

The demand outlook for oil is weakening as recession concerns mount in the US and China's future lo…

Matthew Fox   


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How stocks can roar by 10% into year-end, Citi US equity-trading head says

Stocks will keep surging this year as long as month-to-month labor figures do not signal a recessio…

Filip De Mott   


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Stock market today: US indexes drop after big May jobs report resets rate-cut outlooks

US stocks finished the week more than 1% higher despite Friday's slight decline following a mixed M…

Matthew Fox   


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Employment could rise by 22% by 2028 as India targets $5 trillion economy goal: Employment outlook report

As India approaches its $5 trillion economy goal, overall employment could rise by 22 per cent, whi…

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Evercore ISI upgrades its S&P 500 outlook to the highest on Wall Street as it says the AI revolution is just getting started

"The backdrop of slowing inflation, a Fed intent on cutting rates and steady growth have supported …

Matthew Fox   


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Stock market today: Dow plunges 605 points as fresh economic data clouds outlook for rate cuts

Nvidia soared a day after reporting earnings, but the rest of the market flailed as new data reinfo…

Max Adams   


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Fitch's negative outlook for China is more bad news for its stalling economy

Beijing is battling deflation and an ongoing property-market crisis that the ratings agency says is…

George Glover   


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Goldman Sachs bumps its S&P 500 price target for the 3rd time this year as it sees higher corporate profits ahead

Goldman Sachs initially set a year-end S&P 500 price target of 4,700, but has since raised its fore…

Matthew Fox   


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RBI sees price of India's crude oil imports at $85 a barrel in FY25

The RBI expects the price of the Indian basket of crude oil imports to be around $85 per barrel goi…

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91 percent Indian CEOs want to reward employees who work from offices, majority expect to end remote work in three years

During the post-pandemic shift, 91% of Indian CEOs are incentivising in-office work by linking prom…