The World Health Organization has updated its guidance on total fat, saturated and trans-fat and carbohydrates, based on the latest scientific evidence. The three new guidelines – Saturated fatty acid and trans-fatty acid intake for adults and children, Total fat intake for the prevention of unhealthy weight gain in adults and children, and Carbohydrate intake for adults and children – […]

A slew of U.S. economic data, including reports on retail sales, industrial production, housing starts, and existing home sales this week might be the highlight this week. Major corporates such as Bank of America (BAC), Morgan Stanley (MS), Goldman Sachs (GS), IBM Corp. (IBM), Netflix (NFLX), Tesla (TSLA), Johnson & Johnson (JNJ), and American Express (AXP) are planning to report […]

The first-quarter performance of top IT services players, as well as mid-cap firms, has been subdued, reflecting macro uncertainties. The numbers of the top four firms show several misses, hinting at difficult times ahead. One mismatch is the total contract value (TCV) signed by the firms and the revenue growth registered. The top four IT players got some of the […]

Market sentiment remained lackluster amidst weak growth readings from China. Market focus has also shifted to the earnings season and the health of the corporate sector. European benchmarks are trading lower amidst a weakness in the oil and metal sectors. Wall Street Futures are also trading with mild losses. Asian stocks finished trading on a mostly negative note, weighed down […]

India’s outward Foreign Direct Investment (FDI) nosedived to $11.12 billion in January-June (H1 2023) from $23.57 billion in the same period last year, indicative of the slowdown in the global economy, according to the Reserve Bank of India (RBI) data. The outward FDI expressed as the total financial commitment, has three components, namely equity, loan and guarantees. The sharp contraction […]

Auto industry volumes have grown by 2.5 per cent overall, led by domestic sales of three-wheelers, two-wheelers and passenger vehicles (PVs) in the first quarter of this financial year. Analysts predict an 18 per cent growth in revenues for automotive original equipment manufacturers (OEMs) and profit growth of 69 per cent year-on-year (YoY). However, on a sequential basis, a decline […]

Colorado employers added jobs for the third month in a row, ending a streak going back to last fall of up and down hiring, according to a monthly update from the Colorado Department of Labor and Employment. Colorado gained a net 4,700 nonfarm jobs in June, according to preliminary estimates, which followed a gain of 8,600 jobs in May and […]

In a move that raises concerns about China ties, U.S. lawmakers are calling for a thorough review of the licensing agreement between Ford Motor and China-based CATL. The deal would enable Ford to manufacture battery cells developed by CATL at its planned $3.5 billion plant in Michigan, which is set to open in 2026 and employ around 2,500 people. In […]

Stocks extended their recent rally in early trading on Friday but gave back ground over the course of the session. The major averages pulled back off their highs of the session, with the Nasdaq and the S&P 500 dipping into negative territory. The major averages eventually ended the session narrowly mixed. While the Dow rose 113.89 points or 0.3 percent […]