US stocks traded mostly lower on Monday following the release of strong economic data. The ISM manufacturing index rose to 50.3 in March, representing the first monthly expansion since 2022. The data…
Tag: economic
Stable, strong financial system to act as bedrock for economic progress: RBI Governor
Mumbai, Reserve Bank Governor Shaktikanta Das on Monday said the endeavour of the central bank would be to provide a stable and strong financial system over the next decade, which will act…
S&P 500 hits all-time high as new economic data fuels rate-cut bets
US stocks climbed on Friday, with the S&P 500 soaring to an all-time record above 4,800. The benchmark index’s all-time closing high of 4,796.56 was set in January 2022. US stocks climbed…
Elon Musk praises Javier Milei’s World Economic Forum speech — and gets his Grok AI to make his annual dig at Davos
Elon Musk posted a link to Argentine president Javier Milei’s World Economic Forum speech on X. Musk also used his Grok AI to “roast” WEF chief Klaus Schwab in his annual potshot…
Economic optimism doubles but tech, climate pressures accelerate: PwC CEO survey
Davos, The proportion of CEOs who believe global economic growth will improve over the next 12 months has more than doubled since last year, the annual PwC Global CEO Survey showed on…
Global economic slowdown headed for worst phase in three decades: WEF study
Davos, Global economic growth is estimated to fall to its lowest rate in three decades by 2030 amid the ongoing economic and geopolitical shocks, a new report said on Monday. Releasing the…
BRICS countries could swing an ‘economic wrecking ball’ at dollar dominance even without a shared trade currency, former White House economist says
BRICS countries could swing an “economic wrecking ball” at the dollar, a former White House economist says. The bloc has growing power and influence in global trade as it adds new members….