U.S. Manufacturers to Benefit as GE Appliances Shifts Production
The company, now owned by a Chinese conglomerate, is investing $150 million in 18 American suppliers across 10 states. Source link
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New chapter for India and Israel! ToR signed for deeper economic partnership; free trade agreements next
India and Israel have moved a step closer to a deepen their economic partnership, as the two nations signed the Terms of Reference (ToR) in Tel Aviv on Thursday, formally launching negotiations for a Free Trade Agreement. The document was endorsed by commerce and industry minister Piyush Goyal and Israel’s economy and industry minister Nir…
Superman Comic Sets Auction Record, Selling for $7.6 Million
A family’s forgotten copy of Superman No. 1, from 1939, was $9.12 million, with fees. Source link
Steel sector norms: Government extends exemption from quality compliance; here’s the next deadline
The government has postponed the implementation of mandatory quality standards for certain imported steel and stainless-steel products until March 2026, in order to secure the supply of crucial steel items. Quality Control Orders (QCOs), which prevent non-BIS-compliant steel from entering the country, had earlier seen certain exemptions. The Ministry of Steel had allowed specified steel…
Job Gains Disguise Weakness Beyond Service Industries
The unemployment rate rose in September as more people looked for jobs, according to data delayed by the government shutdown. Source link
TCS-TPG joint data venture: $2 billion investment planned for HyperVault AI Data Centres; Tata Group targets AI leadership
Tata Consultancy Services (TCS), India’s largest software exporter, is set to launch a multi-billion dollar joint venture with private equity firm TPG to create AI and sovereign data centres, sources close to the matter said. The move marks a strategic shift for TCS, which has historically favoured a capex-light, organic growth model, as it aims…
Walmart Sales Rise as Shoppers Look For Savings
The retailer increased its guidance for the year, anticipating more price-conscious shoppers would flock to its stores. Source link
US job market: A solid 119,000 jobs added in September — but details raise concern
The United States finally released its long-awaited September employment data after a seven-week delay caused by the federal government shutdown, showing that employers added 119,000 jobs, more than twice what economists had expected. Though the figure offered a bright headline after weeks of uncertainty, the underlying numbers painted an uneven picture of the job market.Revisions…
Nvidia and Walmart Earnings Fuel Rally
After a week of market uneasiness, the chipmaker’s profit surge and Walmart’s earnings offered investors relief. Source link
US stocks today: Wall Street trades in green on hopes of another Fed rate cut; Dow jumps over 660 points, Nasdaq near 2.5% gains
US markets traded in green on Thursday as investors welcomed fresh signs that pressure on Wall Street may be easing, with Nvidia’s latest earnings and renewed hopes of another interest rate cut by the Federal Reserve. Dow jumped 662 points or 1.44% to 46,801. Nasdaq also rose to 23,134 up, 569 points or 2.5% at…