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The Latest Breaking News from GDP

The claim of India’s GDP reaching the $4 trillion mark is bogus and fake, says Congress

Congress alleges Union Ministers shared "fake news" that India's GDP crossed $4T to generate euphoria. Unverified screenshot shared by BJP leaders, but sources claim news incorrect as India's GDP yet to achieve landmark. Live tracking of GDP figures difficult due to data time lag.

The Hindu

State government working towards empowering cooperatives, says Chief Minister

CM Siddaramaiah says State govt taking steps to empower co-ops. Incentive for milk farmers raised to ₹8/litre, zero-interest farm loans up to ₹5 lakh. Membership fees paid for SC/ST/women members. Suggestion to deposit govt funds in co-ops to be seriously considered. 8.5 lakh co-ops, 46,500 in Karnataka, can lead to…

The Hindu

Consumers Have $1 Trillion More Savings Post-Pandemic: The Kiplinger Letter

GDP data show Americans have more savings than they did pre-pandemic.

Kiplinger

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State of the economy — temper the euphoria

If official spokespersons enlarged the frame of economic assessment, a few stark facts come into focus

The Hindu

Dollar Finds Support on Better-Than-Expected U.S. Economic News

The dollar index (DXY00 ) on Wednesday rose by +0.34%. The dollar Wednesday rose moderately and found support on better-than-expected U.S. economic news on Oct retail sales and the Nov Empire manufacturing survey. Also, higher T-note yields on Wednesday benefited the dollar. Wednesday’s rally in stocks curbed liquidity demand for...

Barchart

There's a new naming scheme for future PCIe cables but PCI-SIG hasn't really explained what it's all about

We might know more details about it all fairly soon but don't hold your breath.

PC Gamer

Stocks Push Higher on Improved Soft-Landing Prospects

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.45%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.39%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.35%. Stocks this morning extended Tuesday’s sharp gains, with the...

Barchart

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Markets Today: Stocks Extend Tuesday’s Gains on a Soft U.S. Oct PPI Report

Morning Markets December E-Mini S&P 500 futures (ESZ2 3) are up +0.23% at a 2-month high, and Dec Nasdaq 100 E-Mini futures (NQZ2 3) are up +0.42% at a 3-3/4 month high. Stock index futures are moderately higher this morning, adding to Tuesday’s gains on signs that price pressures eased...

Barchart

'Minimum wage is destroying jobs and must be cut', Liz Truss's economy group claims

A group of economists brought together by former prime minister Liz Truss says the minimum wage should be frozen and then cut.

The National (Scotland)

Truss-backed economists say minimum wage is ‘destroying jobs’ and call for cut

Plans to increase the minimum wage will be a ‘significant drag on the economy’, according to The Growth Commission.

The Independent UK

Stock Index Futures Climb as Bond Yields Retreat

December S&P 500 futures (ESZ23) are up +0.38%, and December Nasdaq 100 E-Mini futures (NQZ23) are up +0.34% this morning as U.S. Treasury yields retreated after Thursday’s surge on the back of hawkish remarks from Federal Reserve Chair Jerome Powell and a disappointing 30-year note auction.

Barchart

Stock Index Futures Mixed as Powell’s Hawkish Comments Weigh on Sentiment

December S&P 500 futures (ESZ23) are up +0.08%, and December Nasdaq 100 E-Mini futures (NQZ23) are down -0.16% this morning after three major U.S. benchmark indices closed lower on Thursday as hawkish remarks from Federal Reserve Chair Jerome Powell tempered optimism regarding a peak in interest rates.

Barchart

Stock Index Futures Drop as Powell’s Hawkish Comments Weigh on Sentiment

December S&P 500 futures (ESZ23) are down -0.14%, and December Nasdaq 100 E-Mini futures (NQZ23) are down -0.32% this morning after three major U.S. benchmark indices closed lower on Thursday as hawkish remarks from Federal Reserve Chair Jerome Powell tempered optimism regarding a peak in interest rates.

Barchart

S&P Futures Muted as Powell’s Hawkish Comments Weigh on Sentiment

December S&P 500 futures (ESZ23) are trending down -0.04% this morning after three major U.S. benchmark indices closed lower on Thursday as hawkish remarks from Federal Reserve Chair Jerome Powell tempered optimism regarding a peak in interest rates.

Barchart

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The Guardian - UK

UK a ‘stagnation nation’ after economy fails to grow; Alison Rose to lose £7.6m over Farage row – as it happened

Rolling coverage of the latest economic and financial news, as UK GDP is unchanged in July-Setptember

The Independent UK

New UN report paints a picture of the devastation of the collapsing Palestinian economy

A new U.N. report paints a stark picture of the collapsing Palestinian economy after a month of war and Israel’s near total siege of Gaza

StockNews.com

The Dark Side of the Recent Stock Rally

Hooray! Bond rates are down and the stock market is sprinting higher including a bullish breakout for the S&P 500 (SPY). Unfortunately as we pull back to the bigger picture there could be a very negative reason for those lower bond rates. If true, then in time stocks will plummet.…

StockNews.com

Riding the Wave of China's Economic Growth: 3 Stock to Buy

With robust GDP figures and impressive achievements in various sectors, China's economic landscape is primed for investment opportunities. Hence, it might be wise to buy fundamentally strong China stocks Trip.com (TCOM), Vipshop (VIPS), and FinVolution (FINV). Continue reading.

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Reason

20 Years to Disaster

"The United States has about 20 years for corrective action after which no amount of future tax increases or spending cuts could avoid the government defaulting on its debt."

The Hindu

Kerala to launch master plan to raise tourism’s contribution to State GDP from 12% to 20%

Kerala govt to launch Mission 2030, a comprehensive master plan for tourism sector, to increase contribution to GDP from 12% to 20%. Govt to focus on leveraging larger-scale private investment in 2024. Two-day tourism investors meet to discuss new ideas and opportunities. Govt to develop heli tourism, cruise tourism and…

The Hindu

Teachers advised to be compassionate while administering discipline to students

DIG M.S. Muthusamy urged teachers to be compassionate while disciplining students to motivate them to learn good habits, positive attitude and skillsets. He also said teachers should not fear backlash from parents and society. VIT Founder Chancellor G. Viswanathan urged govts to increase funds for education to 6% of GDP…

StockNews.com

3 Inverse Bond ETFs to Buy in November for Safety

The stock market could be on shakier ground with the increasing probability of higher-for-longer interest rates and concerns about how long the economy can maintain its resilience. Hence, top inverse bond ETFs ProShares UltraShort 20+ Year Treasury (TBT), Direxion Daily 20+ Year Treasury Bear 3x Shares (TMV), and ProShares Short…

The Independent UK

How much money does the US give to Israel, and is there more to come?

Since the Second World War, the US has given more aid to Israel than any other country

Barchart

Stocks Rally Off Morning Lows

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.53%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.28%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.37%. Stock indexes this afternoon are higher despite uneven corporate...

Barchart

Stocks Little Change after Mixed Corporate News and Weak Economic Reports

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.12%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.01%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.02%. Stock indexes this morning are mixed on uneven corporate...

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