Category: Business News & Economy

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India’s gold prices hit a three-month low on Wednesday, dropping to Rs 1.44 lakh per 10 grams, as global markets react to a bolstered US dollar and expectations for elevated interest rates. Analysts attribute this slump to signals from the Federal Reserve and a notable downturn in technology stocks. Investors are now closely monitoring upcoming…

European markets saw a flat opening as investors weighed U.S.-Iran talks. Defence giant Rheinmetall plunged on reports of Germany scrapping a major warship project, though rival TKMS surged. Real estate stocks gained, led by Segro after a buyout bid. Tech shares steadied after recent losses, with chipmakers showing modest gains. Investors await Germany’s business climate…

A massive $150 billion trading surge is expected Friday as FTSE Russell’s indexes undergo their annual overhaul, now happening twice a year. This year sees SpaceX fast-tracked into the Russell 1000, while tech giants like Microsoft and Apple see shifts. AI’s influence is clear, with semiconductor firms gaining prominence. This event is a key liquidity…

US unemployment claims saw a sharper-than-expected drop last week, signaling continued labor market strength. Despite this positive sign, a rise in continuing claims suggests employers are cautious about hiring, potentially impacting job seekers, especially recent graduates facing competition from AI. The median unemployment duration has also lengthened, indicating a tougher job search for many.

The US economy showed stronger growth than initially thought in the first quarter, reaching an annual rate of 2.1 percent. This upward revision was largely due to a decrease in imports, which positively impacts GDP calculations. Key drivers of this expansion included investments, exports, government spending, and consumer spending, with the booming Artificial Intelligence sector…

Tokyo’s core inflation surged in June, driven by rising energy costs stemming from the Middle East conflict. This acceleration signals broadening price pressures, prompting the Bank of Japan to consider further interest rate hikes. While some economists express caution about the extent of these pressures, the central bank is closely monitoring the situation as it…

Shares of Lingyi iTech opened ‌6% ⁠higher ⁠in ​the Chinese precision parts maker’s ​Hong Kong debut on ​Friday, ⁠after the ‌Apple supplier ​raised ​about ⁠HK$8.3 billion ($1.06 billion) in ​a share sale in ​the city.

Sustainable fashion brand Reformation has filed for a U.S. IPO, reporting a revenue increase to $507.1 million for the year ending December 27, 2025, though net profit saw a dip. The direct-to-consumer retailer, known for celebrity endorsements, aims to leverage the recovering IPO market. Private equity firm Permira, which holds a majority stake, will retain…

The IMF’s chief economist, Pierre-Olivier Gourinchas, has endorsed Federal Reserve Chair Kevin Warsh’s move to reduce explicit forward guidance on monetary policy. Gourinchas stated that overly rigid guidance proved costly when inflation surged, as it tied the Fed’s hands. While acknowledging the need for some long-term market guidance, he believes explicit, strong commitments are no…