Why Is the Labor Market Stuck?
Our chief economics correspondent, Ben Casselman, describes how a “low-hire, low-fire” labor market has left American job-seekers in a bind. Source link
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Re stages best recovery in 13 years, but volatility persists
MUMBAI: The rupee recorded its strongest recovery in 13 years, rising 173 paise to close at 93.1 from Tuesday’s 94.83, after RBI tightened rules to curb speculative bets and forced a sharp unwinding of dollar positions.However, with a fresh round of US bombing in Iran post market hours, which resulted in global oil prices surging…
Sensex rises 185 pts on value buying, Rupee rebound
MUMBAI: Staging a spirited recovery, stock markets pared early losses to close higher on Thursday, sensex rising by 185 points and Nifty settling above 22,700 on strong value buying in IT and banking shares and a sharp rebound in the rupee.Rebounding more than 2,000 points from the day’s low, sensex finally settled higher by 185…
Strong Jobs Numbers Make the Fed’s Job Easier
Robust job growth in March suggests that the labor market remains relatively healthy, allowing officials at the central bank to focus on fighting inflation. Source link
Brace for a tougher business climate, says Tata Sons chairman N Chandrasekaran
NEW DELHI: Tata Sons chairman N Chandrasekaran has asked over 30 CEOs and managing directors of group companies to brace for a tougher business environment, as the war in West Asia is disrupting supply chains, sources said.At a review meeting on the war’s implications on Thursday, Chandrasekaran told top executives that more than 10,000 Tata…
Trump Requests $1.5 Trillion for Military Spending
The huge proposed increase would be partly offset by steep cuts to domestic programs, some of which the Trump administration describes as wasteful. Source link
Russia plans to step-up energy supply to India – Will it offset Middle East volatility?
NEW DELHI: Russia has offered to increase its supply of crude oil and liquefied natural gas (LNG) to India as the ongoing Middle East crisis adds volatility to the global energy market, reported PTI citing officials familiar with the discussions. The energy cooperation formed a key part of talks on Thursday between Russia’s first deputy…
Trump Requests $1.5 Trillion for Military Spending
The massive, proposed increase would be offset in part by steep cuts to domestic programs, some of which the administration describes as wasteful. Source link
Government set to roll out 3 free trade pacts in six weeks
NEW DELHI: The next six weeks could see at least three of the trade deals finalised by India — with Oman, the UK and New Zealand — being operationalised, even as it seeks to ensure a preferential duty advantage in the US, once Washington finalises its strategy after the Supreme Court setback on reciprocal tariffs.Commerce…