Sunil Sahil

Soft manufacturing survey results had also raised optimism that central banks had stopped tightening, but that might alter depending on the information that Federal Reserve Chairman Jerome Powell provides at the annual meeting of central banks on Friday in Jackson Hole, Wyoming. “As flash PMI data for August indicated weaker economic activity in the U.S., … Read more

On Thursday, gold prices began trading on the Multi Commodity Exchange (MCX) at Rs 58,600 per 10 grammes and fell as low as Rs 58,574 during the day. Prices on the world market were roughly $1,897.25 per troy ounce. On the MCX, silver touched an intraday low of Rs 72,111 per kg after starting the … Read more

A recession was previously widely believed to be inevitable, but stronger-than-expected economic data has prompted some on Wall Street to delay, or even withdraw, their predictions of one. The Treasury yield curve, however, is one recession indicator that is still flashing a code red warning on the US economy. Since World War II, every recession … Read more

Foot Locker Inc. plunged 30% in premarket trade after slashing its 2023 earnings forecast and suspending its dividend, and Peloton Interactive Inc. fell 21% after its 2023 revenue forecast failed expectations. S&P 500 contract prices increased by 0.2%, reversing earlier gains of up to 0.6%. Nvidia increased by 0.6%. After traders reduced their expectations on … Read more

The Federal Reserve said on Wednesday that FedNow, its eagerly anticipated fast payment tool, will be live in July. With the ability to enable consumer-to-consumer, consumer-to-merchant, merchant-to-merchant, and bank-to-bank transactions, the instant payment network will settle payments in a matter of seconds. Tom Barkin, president of the Federal Reserve Bank of Richmond and the FedNow … Read more

Since the U.S. Federal Reserve started raising interest rates in early 2022, recession fears have increased. David Rosenberg, president of Rosenberg Research and a former Merrill Lynch top North American economist, believes that even if the most recent gross domestic product (GDP) data showed increase, a recession may be just around the corner. In a … Read more

Israel’s finance minister, who demanded that a volatile Palestinian community be “erased,” won’t meet with Biden administration officials during his visit to the US next week, according to reports in Israeli media. The White House announced at a press briefing on Friday that Bezalel Smotrich, who would be visiting Washington for the first time since … Read more