China’s economy grew at its slowest pace since early 2023 in the third quarter, but consumption and industrial production in September were better than expected. […]
Category: Business
IMF 2024 Growth Projections Revealed: U.S. at 2.8%, Brazil 3.0%, Germany 0%, China 4.8%, India 7.0% – What It Means
The International Monetary Fund (IMF) has updated its economic growth forecasts for 2024, raising expectations for the U.S., Brazil, and Britain, while lowering them for […]
SEBI New Regulations: Enhanced Disclosure for Asset Management Companies, Restrictions on Investment Advisories, and Concerns Over F&O Trading
The Securities and Exchange Board of India (SEBI) has announced new rules for Asset Management Companies (AMCs). Starting November 1, AMCs will have to publicly […]
Defense Stocks Slide: Mazagon Dock (-8%), Garden Reach (-8%), and Bharat Dynamics (-7%) Face Valuation Concerns; Retail Interest in PSUs Grows Despite Correction
Shares of defense companies, which were once market favorites, experienced another decline on October 22 as broader selling hit the small and mid-cap sectors. Notable […]
Global Manufacturing PMI Signals Contraction for the Third Month in a Row
In September, the J.P. Morgan Global Manufacturing PMI fell to 48.8, indicating worsening operating conditions for the third consecutive month. This decline was the fastest […]
Ambuja Cements to Acquire 46.8% Stake in Orient Cement for Rs 8,100 Crore, Boosting Annual Capacity by 16.6 Million Tonnes
Ambuja Cements Ltd., owned by the Adani Group, has announced the acquisition of a 46.8% stake in Orient Cement Ltd. The deal values Orient Cement […]
Goldman Sachs Predicts 3% Annual Return for S&P 500, Down from 13% Over the Last Decade
Goldman Sachs predicts the S&P 500 will see a much lower annual return of just 3% over the next decade, compared to the 13% it […]
Steel Demand Outlook for 2024-2025: Global Demand to Fall by 0.9%, India Projected for 8% Growth While China Faces 3% Decline
The World Steel Association has released an update on the Short Range Outlook (SRO) for steel demand in 2024 and 2025. They predict a 0.9% […]
Bank of America Warns of Growing National Debt Threat: Urges Action and Highlights Gold as a Safe Haven for Economic Stability
Brian Moynihan, CEO of Bank of America, is raising concerns about the U.S. national debt, which has now exceeded $35.7 trillion. This means every American […]
iPhone 16 Sales Surge in China: Key Insights
Apple’s new iPhones are selling well in China, with a 20% increase in sales during the first three weeks after their launch compared to last […]
Cathie Wood Ark Invest Faces $3.5B Loss in 2024: Teladoc, Ginkgo, Roku Among Hardest Hit – Check Full List
Ark Invest’s Innovation ETF reported a $3.5 billion loss for the fiscal year ending in July 2024, contributing to a total accumulated loss of $22 […]
Microsoft and OpenAI Negotiate $14 Billion Investment Transition to For-Profit Model
Microsoft and OpenAI are currently negotiating how Microsoft’s nearly $14 billion investment will be structured as OpenAI shifts to a for-profit model. Reports from the […]