Americans Are Feeling Better About the Economy, Consumer Survey Shows
Consumer sentiment rose in recent weeks after plummeting early this year as energy costs soared. Source link
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US waives sanctions on Iranian crude: Here’s why Indian refiners are still hesistant to buy it
A temporary US sanctions waiver has put Iranian oil back on the table, but will Indian refiners return as buyers?While Washington has given Iran a 60-day window to export crude, Indian refiners are unlikely to rush back for those barrels. Most of their oil purchases for the coming months have already been booked, with state-run…
Saks Emerges From Bankruptcy With a New Plan and Corporate Name
The retailer, renamed Exemplar Luxury Group, is ditching anything that isn’t focused on high-end department store shopping. Source link
India’s forex reserves rise to $672.59 billion after gold holdings jump
India’s foreign exchange reserves rose by $963 million to $672.587 billion in the week ended June 19, reversing the previous week’s sharp decline, as a surge in gold reserves more than offset a fall in foreign currency assets, according to RBI data released on Friday, PTI reported.The country’s forex reserves had declined by $9.985 billion…
Trump Threatens to Impose 100% Tariff on European Countries Over Tech Taxes
The president claimed the tariffs would override a trade deal with the European Union, which European officials finalized just days ago. Source link
US stock market today: AI stocks sink again, pulling Wall Street towards weekly loss
Among the biggest drags was Micron Technology, whose shares fell 5.5%. The memory-chip maker has been one of Wall Street’s biggest winners this year, with its stock roughly quadrupling as AI-driven demand boosted sales. Wall Street slipped on Friday as another sharp selloff in artificial intelligence (AI)-linked stocks outweighed gains across much of the broader…
Uber Enacts Stricter Background Checks for Drivers
The changes come after The New York Times revealed that the ride-hailing giant approved drivers with many types of criminal convictions, including violent felonies. Source link
India’s economy may grow up to 6.8% in FY27 as domestic demand stays resilient: EY
India’s economy is expected to grow 6.6-6.8% in FY27, with easing global energy prices and the normalisation of shipments through the Strait of Hormuz likely to improve growth and inflation prospects India’s economy is expected to grow 6.6-6.8% in the current financial year, with easing global energy prices and the normalisation of shipments through the…
Best Investments Over the Last 100 Years? Almost All Are Tech Companies.
What’s most surprising is that Tesla and SpaceX have entered that elite group. A vast majority of companies weren’t worth owning, a long-running study shows. Source link
‘100% tariff will supersede trade deals’: Trump threatens countries planning digital services tax on US firms
US President Donald Trump on Friday warned that any country imposing a Digital Services Tax (DST) would face 100% tariffs on exports to the United States warning that such duties would override existing trade agreements. Escalating his trade offensive against digital taxes targeting American companies, US President Donald Trump on Friday warned that any country…