Believe in A.I.? Buy Beaten-Down Value Stocks.
If artificial intelligence is really revolutionary, its benefits will spread to mundane companies and spawn new fields, Vanguard’s global chief economist says. Source link
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US market today: Wall Street drifts near record highs; S&P 500 steady, Dow dips 51 points, Fed rate cut hopes fuel optimism
Wall Street edged higher on Friday, heading for its best week in five, as investors priced in expectations of a Federal Reserve interest rate cut next week. The S&P 500 held steady near record levels, the Dow Jones Industrial Average fell 51 points (0.1%), and the Nasdaq composite rose 0.1% after setting all-time highs in…
Debt Collection Lawsuits Are Rising. Here’s What to Do to Fight Back.
The number of filings is back above 2020 levels as prices rise and people rely more on credit cards, an analysis finds. But many borrowers don’t respond to the suits and lose by default. Source link
Forex reserves rise to $698.27 bn; gold surge lifts overall reserves; RBI data shows steady recovery
India’s foreign exchange reserves rose by $4.038 billion to $698.268 billion in the week ended September 5, driven largely by a jump in gold holdings, the Reserve Bank of India (RBI) said on Friday.Gold reserves surged $3.53 billion to $90.299 billion, PTI reported. While foreign currency assets, the largest component of the reserves, increased by…
The Billion-Dollar Stakes for OpenAI
The artificial intelligence giant is closing in on a deal with Microsoft regarding its future governance, but other questions stand over its huge costs. Source link
Rare earth push: Domestic magnet production aimed through ambitious plan; government may opt for ‘targeted support’
The Indian government is formulating fiscal incentives to boost domestic production of rare earth magnets, essential for EV motors, aiming to reduce reliance on Chinese supply. A scheme is being framed to provide targeted support to the industry, covering capital and operational expenditure. This initiative addresses supply disruptions and strengthens India’s participation in global value…
Retail inflation: CPI rises to 2.07% YoY in August; up from 1.61% in July
Retail inflation edged higher in August, with the Consumer Price Index (CPI) recording a year-on-year rise of 2.07%, up 46 basis points from July’s 1.61%, according to official data released by the Ministry of Statistics and Programme Implementation (MoSPI) on Friday.The ministry said in its release that food inflation, based on the Consumer Food Price…
ITR filing FY 2024-25: What is the penalty amount for filing income tax return after deadline? Interest implications may result in big amount
If for any reason, you are unable to file a tax return by the due date, you can file a belated return by 31 December 2025. ITR filing FY 2024-2025: The deadline or due date for filing Income Tax Returns (ITR) for Assessment Year 2025-26 is September 15, 2025. This due date is unlikely to…
Is That Product Any Good, or Is It Just a Brand Halo?
The concept involves a company trying to parlay feel-good associations with one of its products into a positive reputation for the overall brand. Source link
India-EU FTA: Piyush Goyal hosts European commissioners; both sides reaffirm commitment to ‘early conclusion’
India-EU FTA: Piyush Goyal hosts European commissioners (Picture credit: X/@PiyushGoyal) India and the European Union (EU) have reiterated their commitment to finalising the long-pending Free Trade Agreement (FTA) at the earliest, with both sides stressing that a balanced and mutually beneficial pact would create fresh opportunities for businesses and people.Union commerce and industry minister Piyush…