WHAT IS ECONOMICS
Gold price today: Why is gold falling for the third straight day despite weak US data and Fed rate cut hopes?
Gold price today dropped for the third day straight, slipping to a two-week low near $3,232 as hopes for a US-China trade deal boosted market confidence. Despite weak US economic data and signs the Fed may cut rates soon, gold struggled to attract buyers. A stronger US Dollar and President Trump’s trade optimism pushed investors away from the safe-haven metal. With key data like Nonfarm Payrolls and ISM PMI around the corner, traders are closely watching the next move.
US announced job cuts decline in April, recruitment firm Challenger says
U.S. employers announced fewer layoffs in April, a 62% drop, but hiring remains cautious due to economic uncertainty and tariffs. Despite the monthly decrease, job cuts are 63% higher than last year, marking a five-year high for April. Government sector led the layoffs, significantly impacted by cuts within Elon Musk's Department of Government Efficiency (DOGE).
US' economic contraction something of a head fake - for now
US Q1 Economic Contraction: Despite a first-quarter contraction driven by tariff-related import surges, the US economy shows resilience. Consumer spending remains steady, supported by a stable labor market through April. While businesses express concerns, capital expenditure plans, particularly among tech giants investing in AI, remain largely unchanged. Major investment and labor decisions are being delayed, awaiting greater policy clarity later in the year.
South Korea's acting leader Han resigns amid reports he will run for presidential election
South Korea's acting President Han Duck-soo resigned, signaling his anticipated entry into next month's presidential election. Han, a potential conservative candidate, aims to unite the party against liberal front-runner Lee Jae-myung. His extensive experience in government and economics is touted by supporters, while critics question his lack of elected office and leadership.
Pentagon chief warns Iran of consequences for supporting Houthis
U.S. Defense Secretary Pete Hegseth has issued a stern warning to Iran regarding its support for the Houthis in Yemen, who have been attacking Red Sea shipping. Despite the warning, the U.S. is set to resume nuclear talks with Iran in Rome. The U.S. military has increased its presence in the Middle East, deploying bombers and air defense systems.
Meta quarterly profit climbs despite big cloud spending
Meta reported a strong quarter with $16.6 billion profit and $42.3 billion revenue, beating expectations. Advertising remained robust despite economic uncertainties. CEO Mark Zuckerberg highlighted progress in AI, including nearly one billion Meta AI users and a new AI assistant app. Meta faces US antitrust scrutiny and rising AI competition.
- Go To Page 1
U.S economy in dire straits? Housing market roiled as mortgage demand drops and hiring slows
US housing market faces headwinds as mortgage applications decline amid economic uncertainty and a weakening labor market. Despite relatively flat mortgage rates, consumer confidence is dampened, leading to subdued home purchase activity. Refinancing also slows, with borrowers awaiting more significant rate drops, while concerns rise over slower wage growth and its impact on hiring decisions.
Donald Trump’s tariffs reflect globalised nations changing over the last 10 years — many in the EU feel the same about China: Jeffry Frieden
Jeffry Frieden highlights the complex interplay between international politics and economics, particularly regarding globalization's impact. China's economic rise, facilitated by global integration, contrasts with the US experience, where openness led to deindustrialization and inequality. This divergence fueled populism as regions left behind felt neglected by the government's focus on the knowledge economy.
'PM Modi may not accept...': Siddaramaiah says Caste Census decision was influenced by Rahul Gandhi’s campaign
Karnataka Chief Minister Siddaramaiah welcomed the central government's decision on caste census. He requested social, economic, and educational surveys alongside it. The Karnataka government previously conducted a similar survey. They aim to revise reservation policies using the collected data. Siddaramaiah credited Rahul Gandhi's campaign for influencing the decision.
Caste Census: Rahul Gandhi seeks timeline from Modi govt, presses for removal of 50% cap
Rahul Gandhi welcomed the Modi government's decision to conduct a caste census, urging clarity on its implementation timeline and budget allocation. He reiterated the demand to remove the 50 per cent cap on reservations, emphasizing its importance for meaningful action. Gandhi highlighted Telangana's caste census model as a potential blueprint, offering support to the government in designing the census.
Taiwan's ASE evaluates how it will support Nvidia's $500 billion US plan
ASE Technology is evaluating a request, likely from Nvidia, to support its $500 billion US AI server expansion but has not decided on investment size or timing. Discussions are ongoing, with ASE emphasizing economic viability and potential expansion of existing Taiwan-based services to the US.
Can Indo-Canada relations improve with Carney’s win
Mark Carney's election victory raises hopes for improved Canada-India relations, contrasting Trudeau's strained ties. Carney's focus on mutual respect and economic partnerships, alongside Jagmeet Singh's departure, signals a potential reset. India anticipates renewed diplomatic engagement and increased trade and student opportunities
Trump touts economy at Michigan 100-day rally, as Americans grow wary
During a Michigan rally, President Trump promoted economic achievements and criticized Democrats, amidst polls showing declining approval due to economic concerns. He defended tariffs as job-saving measures and promised tax cuts, while Democrats attacked his presidency as chaotic and unconstitutional. Despite economic worries, some supporters backed Trump's policies, willing to endure short-term pain for long-term change.
North Korea test-fires missiles from its newly launched destroyer
Kim Jong Un oversaw the first missile tests from North Korea's new destroyer, emphasizing the need to bolster the navy's nuclear capabilities. He aims to expand the military's operational range and preemptive strike capabilities. Amid rising tensions and military cooperation with Russia, Kim highlighted the importance of deterring U.S.-led hostilities.
April gloom: Americans brace for economic storm as confidence plunges to 2020 lows, with job market fears echoing Great Recession woes
US consumer confidence has hit its lowest point in five years, sparking fears about the economy as tariffs and rising prices weigh heavily on Americans. The latest data from The Conference Board shows consumer confidence fell to 86 in April, a steep drop blamed on President Trump's new tariffs on imports and goods from China. Worries about a potential recession, job slowdown, and reduced spending are growing fast. With fewer people planning big purchases or vacations, the economy may be slowing down more than expected. Dive into the full story to understand what this means for your wallet and future.
Is your WhatsApp making you an investment scam victim? Zerodha’s Nithin Kamath reveals alarming details
Zerodha's CEO warns against WhatsApp scams impersonating the firm using fake groups, logos, and trading apps to dupe investors. Victims see false profits and are tricked into paying fees. Zerodha urges caution, stressing it never gives tips or runs such groups.
Gold price drops big today. Will gold rate fall further? Experts voice their opinions
Gold rate today fell again as U.S.-China trade dispute seems to be easing. Will there be more drop in gold price?
Tariff war shows Asian nations need new trade partners: ADB Head
The Asian Development Bank's president advises Asian nations to diversify trade partners and strengthen domestic demand to weather the global trade war.
NRI Talk: Ideal allocation for NRIs - 60% equity, 20% debt, and a global twist, says Prashant Tandon
With a balanced strategy that emphasizes 60% equity, 20% debt, and a global diversification angle, Tandon outlines the ideal framework for managing risk while capitalizing on growth opportunities.
Robert Kiyosaki warns of a ‘Greater Depression’ in 2025: Why investing in Bitcoin, Gold, and Silver could save your wealth as U.S. debt and unemployment surge
Robert Kiyosaki warns of a 'Greater Depression' coming to the U.S. economy, urging people to prepare smartly. With record-high credit card debt, rising unemployment, and shrinking 401(k)s, Kiyosaki believes a major financial crash is near. He recommends investing in Bitcoin, gold, and silver to survive and even grow wealth during the downturn. His bold predictions — Bitcoin hitting $1 million and gold reaching $30,000 — show how serious he is. Find out why Kiyosaki’s advice could be your safety net during uncertain times. Learn how these "easy-money" assets could protect your future in 2025 and beyond
Trump's tariffs stir economic uncertainty: Is a 2025 recession on the horizon for the U.S?
Tariffs imposed by US President, Donald Trump, have created economic uncertainty. Economists are divided on whether a recession will occur in 2025. Some rely on real-time data, while others trust consumer sentiment. Key indicators like jobless claims and retail sales offer mixed signals. The stock market's decline raises concerns. Tariffs are expected to impact consumer purchasing power later this year.
US stock market futures today: Why are Dow Jones, S&P 500, and Nasdaq futures swinging amid Spain blackout, Microsoft, Meta, Amazon earnings, and Trump's struggling economy?
US stock market futures today are swinging wildly as Wall Street faces a nerve-wracking week packed with tech earnings and key economic data. Dow futures tumbled over 200 points but trimmed losses, showing just how shaky investors feel right now. Major names like Microsoft, Meta, and Amazon are set to report soon, while inflation and GDP numbers loom large. Meanwhile, Spain’s shocking blackout adds to the global uncertainty, though European markets stay strong. Trump's second-term economy also struggles with heavy tariff pressures.
It might be Carney vs Poilievre to lead Canada, but Trump is unofficially on ballot
Canada's election sees Donald Trump's influence. His trade war and remarks fueled nationalism. This helped the Liberal Party. Mark Carney leads polls after Justin Trudeau's exit. Pierre Poilievre faces challenges. Trump's stance impacts ideological allies. Both Carney and Poilievre aim to renegotiate trade deals. Carney seeks export diversification. Polls show a Liberal lead, a shift from January.
With 30% YTD returns, gold continues to glitter brightly this year
Fueled by geopolitical and economic uncertainties, gold demand is rising, with central banks increasing their reserves to hedge against currency volatility. India's gold reserves surged by 343% between 2023 and 2024, positioning it among the top nations. While Indian investors favor gold, experts advise limiting allocation to 5-10% for optimal portfolio growth.
ETMarkets Smart Talk: Investor bearishness at highest levels since 2009, says Chakri Lokapriya
Fear is the driving force in the market rather than valuations. The 90 day pause on tariffs gives countries to reach bilateral agreements with the US and hence FY26 is likely to be very volatile.
Recession unlikely, but there will be a period that could resemble stagflation: Viktor Shvets, Macquarie Capital
Viktor Shvets of Macquarie Capital suggests the US faces a period resembling stagflation, not outright recession, due to Donald Trump's policies aimed at reshaping American society. He notes that India's economic growth, while strong, needs recalibration and structural reforms to achieve its potential.
Donald Trump's first 100 days wreak havoc in global trade, and now officials are claiming US President has 'torpedoes' in store
President Donald Trump has enacted sweeping changes on a wide range of U.S. domestic and foreign policy priorities since taking office on January 20.
US stock market predictions: S&P 500, Dow Jones Nasdaq look to rise further; All eyes on Apple, Microsoft
S&P 500, Dow Jones, and Nasdaq investors are eyeing to recover from the volatile situation due to Trump tariffs.
Can your vote fix Canada's economic puzzle?
Canada's election unfolds amid U.S. trade threats and domestic woes: weak productivity, housing crises, and immigration strains. Carney and Poilievre agree on goals (housing, investment, trade) but diverge on strategies. Uncertainty about U.S. reliability forces Canada to consider diversifying trade and managing fiscal risks
Load More
