Demand for Gold Cooling Despite Falling Price
Gold reached a year-to-date high of nearly $2,080 an ounce in early March. Since then, the price has dropped by about 15.8% as of mid-morning trading Thursday. That’s pretty much … Read More
Category: Business
Philly Fed Index Unexpectedly Slumps Further Into Negative Territory In July
A report released by the Federal Reserve Bank of Philadelphia on Thursday showed regional manufacturing activity unexpectedly contracted at a faster rate in the month of July. The Philly Fed … Read More
Will Govt Cut PSBs Loose?
Merely bringing down the government stake below 51% may not find any taker for the PSBs.The government must bring down its holding to at least 26%, recommends Tamal Bandyopadhyay. In … Read More
Battered by three decades of controversy, TMB looks back to the future
June was a memorable month for the 101-year-old Tamilnad Mercantile Bank (TMB). Last month, the Thoothukudi-based bank witnessed two new landmarks in a history in which the last three decades … Read More
Is the US in a recession? Hear what Jerome Powell thinks
This story is part of CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. New York (CNN Business)For the second month in a row, … Read More
Judge Sides With ABC, CBS, New York Times And Other Outlets In Libel Cases Filed By Nick Sandmann Over Lincoln Memorial Incident
A federal judge has granted summary judgment to ABC, CBS, The New York Times, Gannett and Rolling Stone, rejecting libel claims by former high school student Nick Sandmann over an … Read More
South Korea’s SK Group Announces $22 Bln Investments In US
South Korean conglomerate SK Group has announced $22 billion investments in the United States across a broad complex of sectors, inclluding large-capacity batteries, electric vehicle charging manufacturing, semiconductor manufacturing, and … Read More
Nasdaq Holding On To Strong Gain In Afternoon Trading, Dow Little Changed
Stocks moved mostly higher in morning trading on Wednesday but have recently seen considerable volatility. The major averages have pulled back off their highs of the session, although the tech-heavy … Read More
Novavax Covid-19 Vaccine Will Be Made Available To Adults, Becerra Says After CDC Nod
Following the Centers for Disease Control and Prevention’s (CDC’s) recommendation, U.S. Department of Health and Human Services Secretary Xavier Becerra has announced that Novavax’s Covid-19 vaccine for adults will be … Read More
European Shares Likely To Extend Rally On Earnings Optimism
European stocks look set to extend gains for a fourth day running on Wednesday amid speculation the worst of inflation may be over. Tech stocks are likely to benefit as … Read More