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The economy is always a hot topic in the news. There's the stock market, investments, companies, and of course, the dollar and euro. The economy affects everyone in some way or another, so it's no surprise that people are always interested in reading about it. One of the most popular topics in the economy category is the stock market. Many people invest their money in stocks, hoping to make a profit. The stock market can be very volatile, however, so it's important to stay up-to-date on all the latest news and events that could affect your investments. Another popular topic is currency exchange rates. The value of the dollar and euro are always fluctuating, so if you're planning on traveling overseas or doing any international business, it's crucial to know what the current rates are. Of course, there are also plenty of other topics to read about when it comes to the economy. Companies are always announcing new products or initiatives, governments are enacting policies that will impact businesses and consumers, and economists are constantly analyzing data and making predictions about where the economy is headed. No matter what your specific interest is, you're sure to find plenty of economy news to keep you informed and entertained.
Dream11, Other Gaming Companies To Sue Government By Next Week | Profit Exclusive
India’s real-money gaming firms, including Dream11 and Gameskraft, are likely to drag the Indian government to court soon over the latter's blanket ban bill, people aware of the matter told NDTV Profit. These companies are said to be considering legal action via a writ petition that is expected to be filed with the Karnataka High Court as early as next week, a person directly aware of the matter told NDTV Profit on the condition of anonymity.
Gold Advances as Powell Opens Door for Rate Cut in September
“The stability of the unemployment rate and other labor market measures allows us to proceed carefully as we consider changes to our policy stance,” Powell said Friday in remarks prepared for the Fed’s annual conference in Jackson Hole, Wyoming. Traders added to bets on the US central bank’s rate cut next month as Powell delivered his speech.
Moody's cuts Spirit Airlines' credit rating further into junk territory
(Reuters) -U.S. airline operator Spirit Airlines took another hit to its credit rating on Friday after Moody's Ratings downgraded it two notches deeper into junk territory. In a report accompanying the downgrade on Friday, analysts from the ratings agency highlighted Dania Beach, Florida-based Spirit's "higher than expected cash burn" compared to its previous forecast when Spirit emerged from bankruptcy in March. The downgrade follows a similar ratings hit last week from Fitch Ratings, which cited a high likelihood of near-term default in its own one-notch downgrade.
No meeting planned between Putin and Zelenskyy despite Trump's push? | Zee Business
Trump had announced on social media earlier this week that he had personally spoken to Putin and was facilitating a summit at an as-yet-undecided location, adding that he intended to participate in a trilateral meeting following the discussions. Get more World News and Business News on Zee Business.
FPIs Turn Net Sellers, DIIs Break Buying Streak
Foreign portfolio investors turned net sellers of Indian shares on Thursday after two selling sessions. The FPIs bought stocks worth approximately Rs 1,623 crore, according to provisional data from the National Stock Exchange. The DIIs, turned net sellers of equities worth Rs 329.25 crore breaking its buying streak that ran for 33 sessions straight
PIL Filed In Supreme Court Against 20% Ethanol-Blended Fuel
A public interest litigation has been filed in the Supreme Court against the introduction of petrol blended with 20% ethanol, highlighting that no choice was given to the consumers to opt for ethanol-free fuel. According to the petition by advocate Akshay Malhotra, while vehicles manufactured in India prior to April 2023 are incompatible with ethanol-mix petrol, vehicles that were manufactured as late as two years ago, though BS-VI compliant, are also not compatible with 20% ethanol blended.
Stocks Open Higher. All Eyes Are on Powell in Jackson Hole.
The stock market opened higher this morning as investors prepare to gauge the tone of Fed Chair Jerome Powell at Jackson Hole. The S&P 500 was up 0.3%. This market benchmark opened higher after marking a decline at the open in 4 previous trading sessions, the longest streak since mid-May. The Nasda
Bitcoin-Volatility Collapse Forces Risk-Loving Traders Elsewhere
Annualized volatility has dropped to a once-unthinkable 38% from close to 200% more than a decade ago. Ether jumped more than 5% to around $4,500, while Bitcoin – in keeping with its steady price moves of late — edged up less about 2% to $114,800. Bitcoin is increasingly seen as a long-term hold.
Cass Sunstein on classical liberalism - Marginal REVOLUTION
Here’s what I want to emphasize. I like Hayek a lot less ambivalently than I once did, and von Mises, who once seemed to me a crude and irascible precursor of Hayek, now seems to me to be (mostly) a shining star (and sometimes fun, not least because of his crudeness and irascibility). The reason […]
Coinbase CEO Brian Armstrong Forecasts A Million-Dollar Bitcoin By 2030 Amid 'Emerging' Regulatory Clarity In US
Brian Armstrong, CEO of Coinbase Global Inc. (NASDAQ:COIN), predicted Wednesday that Bitcoin (CRYPTO: BTC) could hit $1 million by 2030, citing growing regulatory clarity in the U.S. Why Armstrong Thinks BTC Will Hit $1 Million During an interview with Stripe co-founder John Collison, Armstrong was asked about Bitcoin’s 10-year growth projection. “The rough idea I have in my head is, we’ll see a million-dollar Bitcoin by 2030, and there’s high error bars around these things,” he responded. I thi
Amazon lobbies Indian government to exempt exports from foreign investment rules, sources say
NEW DELHI (Reuters) -Amazon is lobbying the Indian government to ease its foreign investment rules to allow the U.S. company to buy products directly from Indian sellers to sell in overseas markets, four people with direct knowledge of the matter said. India currently prohibits companies like Amazon and Walmart from stocking and selling goods directly to consumers, allowing them only to operate an e-commerce marketplace to connect buyers and sellers for a fee. The restrictions, which aim to protect small retailers, also apply to exports.
Swiss bank Safra Sarasin fined 3.5 million francs in 'Car Wash' probe
ZURICH (Reuters) -Switzerland's attorney general has fined Swiss private bank J. Safra Sarasin SA 3.5 million Swiss francs ($4.3 million) under a years-long corruption and money laundering case surrounding Brazilian state oil company Petrobras, it said on Friday. In a statement, the highest Swiss prosecutors' office said the bank had settled with Petrobras, a claimant in the case, for 16 million francs and that no further compensation payment was therefore due. Safra Sarasin said the prosecutors' "ordinance does not constitute an admission of guilt or an acceptance of civil or criminal liability on the part of the bank or any of its representatives".
6 In 10 Train Passengers In Favour Of New Luggage Norms, Sceptical On Implementation: LocalCircles
The Indian Railways' proposed new maximum luggage weight limits per passenger has found support from 68% or over six in 10 train commuters, according to a new report from LocalCircles on Friday. This in light of the Union government's plans to modernise railways and introduce new baggage regulations and infrastructure similar to airports where luggage is screened and weighed, and passengers have to pay excess charges if the weight exceeds regulatory norms.
Oil Edges Higher on Dovish Powell Speech, Trump’s India Pressure
West Texas Intermediate advanced to trade near $64 a barrel after Powell’s highly anticipated prepared remarks were more dovish than some investors anticipated. Crude futures are benefiting from the prospect that cheaper borrowing costs would spur economic growth and increase fuel demand. On the geopolitical front, White House trade adviser Peter Navarro blasted India again for continuing to buy Russian oil and said he sees US import levies on the nation doubling as planned on Aug. 27.
French winemakers fear Trump tariffs will hit sales in crucial US market
EPERNAY, France (Reuters) -French wine and spirits producers are bracing for a 15% tariff on their exports to the United States, a crucial market, even as the European Commission pledges to keep pressing for a preferential rate for the sector. Details of an EU-U.S. trade deal released on Thursday after months of negotiations indicated wines and spirits - a culturally and economically important industry in France - will not be shielded from the baseline 15% rate applied to most European goods. "This is a major source of concern for our emblematic sectors," French agriculture minister Annie Genevard wrote in a post on X, citing the lack of a tariff exemption for the sector and other agricultural goods.
Fed Should Stop Balance Sheet Runoff Now, Harker Advises
Former Federal Reserve Bank of Philadelphia President Patrick Harker says he thinks his call for two Fed rate cuts this year is still appropriate during an interview with Bloomberg Television on the sidelines of the central bank's annual conference in Jackson Hole, Wyoming.
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