As the results season kicks in, the quarterly earnings numbers of several blue-chip firms — such as Infosys and Reliance Industries — along with global trends and trading activity of foreign investors, will determine equity market movement in the holiday-shortened week ahead, according to analysts. The domestic WPI inflation data for June — scheduled to be announced on Monday …
Read moreWall Street’s main indexes gained on Thursday ahead of more commentary from Jerome Powell after the Federal Reserve chair stuck to the script overnight by saying the central bank still expects to cut rates later this year.
Powell said rate reductions will “likely be appropriate” later this year, “if the economy evolves broadly as expected” and once offi…
Read moreFitness company Peloton has paused music and entertainment programs featuring rapper and record executive Sean “Diddy” Combs after disturbing footage surfaced of the star being physically violent.
The decision comes following the release of camera footage from a Los Angeles hotel of Combs physically assaulting and kicking his then-girlfriend Cassie, whose real name is Casandra V…
Read moreAround Sept. 15, the blockchain Ethereum will make a crucial software update known as “the merge,” which will significantly reduce Ethereum’s energy usage and set the stage for the network to become faster and cheaper. (You can read more about the significance of the merge here.)
To learn more about the merge’s importance and its rollout, TIME spoke with Justin Dr…
Read moreAs the year wraps up, several things are clear in an otherwise confusing economic picture: the U.S. economy is slowing, the stock market is surging, most people according to polls believe that inflation remains a severe issue, and the mandarins at the Fed who are responsible for containing inflation are still concerned about inflation. But what is far from clear is whether in its dedication to …
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