Stocks have shown a lack of direction over the course of morning trading on Friday, with the major averages bouncing back and forth across the unchanged line following the starkly mixed performance seen in the previous session. Currently, the major averages are narrowly mixed. While the Nasdaq is down 6.61 points or 0.1 percent at 14,056.70, the S&P 500 is […]

We have the workforce, now we need to ensure that we take full advantage of game-changing technologies and geopolitical openings, suggests Jayant Sinha, chairman of Parliament’s Standing Committee on Finance. My recent essay on ‘grey rhino‘ events — predictable events that can trigger major crises — provoked many comments. Several commentators objected to my highlighting only downside surprises to India’s […]

A big test for the economy With the S&P 500 in bull-market territory, corporate profits coming in better than expected and surprisingly decent economic growth, the soft-landing optimists are feeling pretty good about the direction of the economy. But their position will be tested as soon as Friday morning. At 8:30 a.m. Eastern, the Commerce Department will release the June […]

The United States has imposed sanctions on four foreign nationals who are involved in international drug trafficking, including cocaine and fentanyl. The Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned three Belgian nationals and one Mexican national for importing and distributing narcotics destined for U.S. and European markets. The Belgian nationals sanctioned by OFAC are Othman El […]

The major U.S. stock indexes moved in starkly opposite directions early in the session on Thursday and continue to turn in a mixed performance in afternoon trading. While the Dow appears poised to extend its recent winning streak to nine sessions, the tech-heavy Nasdaq has pulled back sharply. Currently, the Nasdaq is down 208.29 points or 1.5 percent at 14,149.73 […]

‘We are in a sweet spot.’‘Equity, on a standalone basis, will continue to remain the asset class to stay invested in.’ The markets have had a good run in the first half of 2023. A Balasubramanian, managing director and chief executive officer, Aditya Birla Sun Life Asset Management Company, tells Puneet Wadhwa/Business Standard in an e-mail interview that equity is […]

Six miles off the coast of Israel, beyond the brightly colored sails of wind surfers, an ungainly steel structure looms above the blue Mediterranean. This 200-foot-tall stack of living quarters, tanks and pipes regulates and processes a torrent of natural gas from wells at the sea bottom around 70 miles farther offshore. Largely because of Leviathan, as this gas field […]

It’s still hot out there in much of the country, and SAG-AFTRA told its members today that picket lines in New York City have been canceled for the next two days. “Stay safe, stay cool, stay #SAGAFTRAstrong,” the guild wrote in its late-afternoon tweet. Related Stories Dispatches From The Picket Lines: Stars Hit Times Square Rally – From Fraser, Chastain, […]

Gap hopes its new chief executive can help it achieve a Barbie-like turnaround. Just days after the blockbuster opening weekend of “Barbie,” Gap, announced on Wednesday that it had hired Richard Dickson of the toymaker Mattel Inc. to become its chief executive officer. Mr. Dickson is Mattel’s and president and chief operating officer and has been at the toymaker since […]