Markets are trading on a cautiously optimistic note ahead of the release of the monthly jobs data from the U.S. The monthly update, inter alia on additions to non-farm payrolls and the unemployment rate is expected to indicate the extent of resilience of the labor market and its likely sway over the Fed’s monetary policy strategy. Wall Street Futures are […]

Life Insurance Corporation (LIC) may require at least five more years to comply with the minimum public shareholding of 25 per cent beyond the current exempted timeline of 2027. Formal communication in this regard had been shared recently with the finance ministry, underlining LIC’s roadmap, plans of further dilution of stake, current norms around public float, and challenges ahead, a […]

On Wednesday, the Biden administration canceled the seven remaining oil and gas leases issued by the Trump administration to develop a portion of Alaska’s National Petroleum Reserve (NPR-A). In a statement, the president said that canceling the leases and “more than 13 million acres in the Western Arctic will help preserve our Arctic lands and wildlife, while honoring the culture, […]

The Commerce Department’s report on personal income and spending might have an influence on inflation and that might be the highlight on Thursday. Early trends on the U.S. Futures Index suggest that Wall Street might open higher. Asian shares finished mostly down, while European shares are trading higher. As of 7.55 am ET, the Dow futures were progressing 157.00 points, […]

Shares of UBS Group AG were gaining around 6 percent in the morning trading in Switzerland as well as 5 percent in pre-market activity on the NYSE after the banking major reported Thursday significantly higher profit in its second quarter primarily reflecting a $29 billion negative goodwill on the acquisition of Credit Suisse Group, as well as higher revenues. Looking […]

Life Raft Treats is recalling its Not Fried Chicken and Life Is Peachy ice cream products, citing possible Listeria Monocytogenes contamination, the U.S. Food and Drug Administration said. The recall involves their Not Fried Chicken 64 oz bucket, Not Fried Chicken 2.5 oz bar UPC 8 60006 18210 6 and Life Is Peachy 6 count box ice cream products. All […]

The improving outlook for the power sector has caught the interest of dividend yield funds. In the first four months of the current financial year (2023-24, or FY24), five of the six largest dividend yield funds have shown a notable increase in their exposure to stocks within the power sector. Some have even introduced new stocks to their portfolios. While […]

“They’re asking for a lot of things that are, like, kooky.” That’s Bill Maher’s take on the current state of the WGA strike; his opinions voiced on the latest episode of Jim Gaffigan’s podcast “Club Random”. “What I find objectionable about the philosophy of the strike [is] it seems to be, they have really morphed a long way from 2007’s […]

Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from global markets overnight, as softer-than-expected consumer sentiment and job openings data, helped ease concerns about interest rates, lifting investor sentiment. Chinese stimulus measures are also aiding market sentiment. Asian markets closed mostly higher on Tuesday. The Australian stock market is sharply higher on Wednesday, extending […]

The United States has spent more than three-quarters of a trillion dollars on defense annually in recent years, and in March, the White House asked Congress to authorize a Pentagon budget of $842 billion for fiscal year 2024 that begins in October. (Here are 35 billion dollar weapons in the 2024 U.S. military budget.) The U.S. Treasury reported that in […]