Economy

The Chicago school economist who warned years ago of America’s ‘business dynamism’ fading still sees ‘something broken in the background’ Ufuk Akcigit is a distinguished economist. He’s the Arnold C. Harberger professor of economics at the…
Read More...

Rupee opens marginally higher as US jobs data dents dollar demand The Indian rupee opened marginally higher after falling for four straight sessions as the dollar declined after mixed US jobs data on Friday. The rupee opened at 82.72 to…
Read More...

JPMorgan signals positive outlook for US, takes back ‘recession’ call JPMorgan’s chief economist said that the bank no longer expects a recession in the United States this year, joining other forecasters who reversed their decision and…
Read More...

Dollar to remain steadfast in coming months: FX strategists The U.S. dollar will hold its ground against most major currencies over the coming three months as a resilient domestic economy bolsters expectations interest rates will remain…
Read More...

Bolivia Is the Latest South American Nation to Use China's Yuan for Trade in Challenge to the Dollar Bolivia is using the yuan to pay for imports and exports, becoming the latest country in South America to regularly use the Chinese…
Read More...

Business Highlights: US economy accelerates; Southwest reports soaring labor costs US economy unexpectedly accelerated to a 2.4% growth rate in April-June quarter despite Fed hikes WASHINGTON (AP) — The U.S. economy surprisingly…
Read More...

US business activity growth slows as services soften Synopsis S&P Global said its flash U.S. Composite PMI index, which tracks manufacturing and service sectors, fell to a reading of 52 in July from 53.2 in June. July's reading showed…
Read More...

Global tech stocks surge as US rally triggers a rush for winners Synopsis The MSCI Japan IT index has surged 36% so far this year, while the MSCI Taiwan and Europe IT indices have rallied 30% and 25%, respectively. The MSCI Korea IT index…
Read More...

Rupee opens higher against US dollar The Indian rupee opened marginally higher against the US dollar tracking gains in local equities and Asian currencies markets. The Indian rupee opened marginally higher against the US dollar tracking…
Read More...

US stocks rally as recession fears ease and investors look to upcoming Big Tech earnings US stocks finished higher on Monday as fears of a US recession eased on Wall Street. The odds of a recession in the next 12 months have fallen to 20%…
Read More...