US stocks opened flat on Tuesday, reflecting a cautious investor mood following a key inflation report and lingering uncertainty over trade negotiations with China. As of 9:46 a.m. ET, the Dow Jones Industrial Average slipped 166.7 points, or 0.39%, to 42,243.4, while the Nasdaq Composite advanced 111.65 points, or 0.6%, to 18,819.99. The S&P 500…
US inflation eased for a third consecutive month in April, as falling grocery and gasoline prices offset early impacts from recently imposed tariffs. However, economists caution that price pressures may re-emerge in the coming months as the full effects of trade duties begin to filter through the economy.Consumer prices rose 2.3% in April from a…
U.S. inflation held steady in April in what economists warn could be a final lull before a likely surge in consumer prices because of President Trump’s trade war. The Consumer Price Index rose 2.3 percent from a year earlier, slightly below the previous month’s annual increase, data released by the Bureau of Labor Statistics showed…
SpiceJet on Tuesday announced it will resume its Haj 2025 operations from Srinagar starting May 14, with two flights scheduled to depart for Medina. This comes a day after Srinagar airport reopened for civilian flights following a temporary shutdown amid the recent military tensions between India and Pakistan.“SpiceJet will resume its Haj 2025 operations from…
Vindication? In the span of 24 hours, the “buy America” trade is back on and the odds of a U.S. recession have dipped. And pressure on the Fed to cut interest rates has abated despite the uncertainty surrounding Tuesday’s Consumer Price Index report. That has made Jay Powell one of the biggest beneficiaries from Monday’s…
Pharmaceutical major Cipla Ltd on Tuesday reported a 30% year-on-year (YoY) rise in its consolidated net profit, which stood at Rs 1,222 crore for the fourth quarter ended March 31, 2025.The strong performance was driven by higher sales in key markets including India, the United States, and Africa.The Mumbai-based company had reported a net profit…
President Trump’s decision to negotiate a break for China on tariffs is galling for Japan, which is reeling from auto sector levies that the White House has shown no sign of willingness to lift. Japan, a top U.S. ally in Asia, was eager to advance trade negotiations with Washington, even as Mr. Trump imposed tariffs…
India’s leading two-wheeler manufacturer, Hero MotoCorp, reported a 6% year-on-year (YoY) increase in its standalone net profit, reaching Rs 1,081 crore for the fourth quarter of FY25.The company also saw a 4% YoY rise in revenue from operations, totalling Rs 9,519 crore for the quarter.In line with its strong performance, Hero MotoCorp’s Board has recommended…
The U.S. welcome mat is rolling up — at least that’s how some international travelers see it, according to the World Travel & Tourism Council, a global organization representing the travel and tourism industry. And the cost for that hospitality lapse will be high. The United States is on track to lose $12.5 billion in…
Centre has identified strategic coastal land in Tamil Nadu, Gujarat, and Andhra Pradesh to establish mega shipbuilding and repair facilities, marking a major push toward making India a global shipbuilding hub. One of the first projects could be a Rs 10,000 crore mega shipyard in Thoothukudi, Tamil Nadu, with South Korea’s HD Hyundai nearing a…
