[ad_1] JP Morgan & Co. chief executive officer Jamie Dimon sounded a warning for the US economy, as he flagged stagflation risk amid multiple challenges like geopolitics, deficits and price pressures. Speaking at JPMorgan’s Global China Summit in Shanghai, Dimon rejected the idea that the US economy is currently in a “sweet spot.” Stagflation is…
[ad_1] In India, the Nifty 50 plunged over 5% in four days post tariff announcement, while the India Volatility Index (VIX) shot up 65.7% to 22.8 on 7 April —its sharpest single-day spike since 2007. Though US President Donald Trump partially rolled back tariffs on 9 April, offering a 90-day pause for most nations (excluding…
[ad_1] India’s IT services companies were beginning to see improving demand for tech services in the US, their biggest market. But if the trade war unleashed by US President Donald Trump pushes his country into a recession, IT clients could tighten their discretionary spending budgets again, according to experts. The jitters are already reflecting in…
[ad_1] The US dollar index, which measures the greenback against six major peers, extended its decline to the fourth straight session on Friday, April 11, tumbling 2% to slip below the 100 mark for the first time since July 2023, reaching 99.02. With today’s fall, the US dollar has lost 4.21% of its value so…
[ad_1] Mumbai: A spell of weakness in Asian markets spilled into Indian equities on Friday, sparking a sell-off that swept across sectors. Indian markets that averted a steep fall a day earlier plunged 1.5%, as fears of a US recession and its consequences grew. A key victim was the pharmaceutical sector, which US president Donald…
[ad_1] Gold rate today: After climbing to a new peak of ₹89,796 per 10 gm, MCX gold rate witnessed some profit-booking during weekend sessions, ending around ₹2,000 lower at ₹87,785 per 10 gm, logging over 14% YTD rally. In the international market, spot gold prices finished at $3,023.63 per ounce after hitting a new peak…
[ad_1] The recent stock market slump in the US has raised concerns about President Donald Trump’s economic policies such as tariffs, immigration crackdowns and federal budget cuts. Will these policies eventually benefit the market and investors? This seems unlikely, said Jim Rogers, a renowned global investor, author and commodities guru. Rogers has already sold US…
[ad_1] Stock Market news: The domestic benchmark indices, Nifty 50 and Sensex, were closed on Friday, March 14, in celebration of Holi. On Thursday, the stock markets finished on a low note, with Nifty 50 closing at 22,397.20, down 73.30 points or 0.33 percent. Similarly, the Sensex mirrored Nifty 50’s trend and ended at 73,828.91,…
[ad_1] Stock market: Indian stocks have been going through a rough phase in recent months as the world’s fifth-largest stock market faces heightened uncertainty, driven by Donald Trump’s stop-start tariff policies, which are pushing investors away from risky bets due to concerns about the global economic fallout. From West to East, all major markets are…
[ad_1] It’s a sign of the uncertainty looming over the global economy that economists are altering expectations so frequently. Take Goldman Sachs, which has just scaled back the odds of a US recession to 20% from 25% forecast a fortnight or so ago. That prediction had marked a spike from the 15% probability it had…
