India’s GDP growth could fall below 6.2% in 2025-26 if the 25% tariff imposed by the US remains in effect beyond September, S&P Global Market Intelligence warned in a report released Friday. The ratings agency had earlier projected India’s GDP at 6.2% for FY26, already a decline from 6.5% in FY25, and said the forecast…
The U.S. government has lost 84,000 jobs since January as the Trump administration aggressively reduces the work force. Source link
NEW DELHI: The sluggishness in the car industry was evident as wholesale deliveries in July — ahead of the festive season of Onam and Ganesh Chaturthi — were muted with top makers such as Tata Motors, Hyundai, Toyota and Honda reporting a decline in dispatches (year-on-year) with Maruti reporting flat numbers.Mahindra & Mahindra and Kia…
Employers added far fewer jobs in May and June than previously reported. Such downgrades have historically meant trouble for the labor market. Source link
Amazon shares slumped nearly 7% on Friday after the company’s cloud business, Amazon Web Services (AWS), posted slower growth than rivals Microsoft and Alphabet, prompting fresh concerns over its positioning in the AI-driven cloud race.AWS revenue rose 17.5% in the June quarter, narrowly beating Wall Street estimates, but trailing far behind Microsoft Azure’s 39% growth…
Employers added far fewer jobs in May and June than previously reported. Such downgrades have historically meant trouble for the labor market. Source link
Exxon Mobil and Chevron on Friday reported their lowest second-quarter profits in four years, as lower global energy prices and a surge in oil supply from OPEC+ weighed on revenues. However, both US oil giants still managed to beat Wall Street’s earnings expectations, driven by higher production volumes.Texas-based Exxon Mobil posted a net profit of…
The Federal Reserve held rates steady in July but two governors dissented, saying they had concerns about labor market fragility. Source link
India’s foreign exchange reserves rose by $2.703 billion to $698.192 billion during the week ended July 25, according to the Reserve Bank of India’s latest data released on Friday.This increase comes after a decline of $1.183 billion in the previous reporting week, when total reserves had slipped to $695.489 billion, PTI reported.The latest uptick was…
The central bank this week kept interest rates steady for a fifth-straight meeting, prompting the first double dissent from members of the powerful Board of Governors since 1993. Source link
