Labor pains? Economists and market participants are deeply divided about Friday’s payrolls report — due out at 8:30 a.m. Eastern — and what it may signal for the Fed’s interest rate policy and the chances of a recession this year. The numbers to watch: Economists polled by Bloomberg have estimated that employers added 225,000 jobs in June, which would represent […]

India appears poised to sustain its growth in a more durable way than before with the economy carrying the momentum from FY23 into the current fiscal year, the Annual Economic Review for 2022-23 released by the finance ministry on Thursday said. However, the report cautioned that escalation of geopolitical stress, enhanced volatility in global financial systems, sharp price correction in […]

Following the mixed performance seen in the previous session, stocks once again turned in a relatively lackluster performance throughout much of the trading day on Thursday but managed to close mostly higher. The Dow showed a notable advance, with the blue chip index climbing 269.76 points or 0.8 percent to 34,122.42 amid strong gains by financial giants JPMorgan (JPM) and […]

At the beginning of the year, the United States promised 31 M1 Abrams battle tanks to Ukraine to fight off the Russian invasion that is now stretching well into its second year. Recently, the Department of Defense announced the tanks would potentially be delivered by this coming fall, earlier than expected. With the White House calling it “the most capable […]

Chemists at the University of Colorado Boulder are developing the future of recycling polyethylene terephthalate (PET), a common type of plastic found in packaging and soda bottles. The method relies on electricity and chemical reactions to dissolve the plastic. The study addresses concerns about the problem of plastic waste around the world. According to the Environmental Protection Agency, the total […]

Last month was the warmest June on record, according to a new report. Temperature recorded in June 2023 exceeded the previous record marked in June 2019 by a substantial margin. It was just more than 0.5°C above the 1991-2020 average. Record June temperatures were experienced across northwest Europe this year, an analysis from the European Union’s Copernicus Climate Change Service […]

Kevin Spacey launched “machine gun” of “horrific” sexual comments at one of his accusers, leaving the alleged victim feeling “belittled and worthless,” a court heard today. The man, who cannot be named for legal reasons, said the incident happened at a West End theater in London in the mid-2000s and alleged the House of Cards actor then touched him in […]

Meta CEO Mark Zuckerberg has claimed that 10 million users have signed up for Threads within seven hours of launching the social media giant’s new online social media app. Zuckerberg announced that this is an initial version of Threads, an app built by the Instagram team for sharing text updates and joining public conversations. “The vision for Threads is to […]

European stocks traded mixed on Thursday following hawkish comments from global central bank chiefs and amid continued uncertainty over slowing economic rebound in China. The pan European STOXX 600 was up 0.2 percent at 456.86 after rising 0.7 percent in the previous session. The German DAX was marginally higher and France’s CAC 40 rose half a percent while the U.K.’s […]