Stocks have moved mostly higher in morning trading on Thursday, with the major averages moving back to the upside after ending yesterday’s extremely volatile session in negative territory. The tech-heavy Nasdaq has helped lead the advance. In recent trading, the major averages have reached new highs for the session. The Nasdaq is up 161.80 points or 1.4 percent at 12,091.14, […]

WASHINGTON — Treasury Secretary Janet L. Yellen on Thursday will call for a “constructive” and “healthy” economic relationship between the United States and China, one in which the two nations work together to confront challenges like climate change, according to excerpts from prepared remarks. Ms. Yellen’s comments, which she will deliver at Johns Hopkins University’s School of Advanced International Studies, […]

The UK economy stagnated in February as strikes dampened services output but the growth for January was upwardly revised, tapering the possibility of a recession in the first half of the year. Real gross domestic product showed no growth in February, following a revised 0.4 percent expansion in January, the Office for National Statistics reported Thursday. GDP was forecast to […]

Asian stocks were seeing modest losses on Thursday on concerns that moderating inflation in the U.S. won’t be enough to prevent the Federal Reserve from hiking rates again in May. The dollar was on the back foot and Treasury yields held in a narrow range, helping gold prices push higher. Oil prices were little changed after a two-day rally on […]

At a time when the overall narrative is around India being an attractive investment destination, the two American multinationals are more specific in projecting India as their centrepiece. In the India season of the Oscars and all things else, two developments stand out. One is about Cupertino-based Apple Inc and another relates to Bentonville-headquartered Walmart Inc. At a time when […]

Netflix delivered a mixed set of results for the first quarter, edging Wall Street analysts’ estimates for earnings per share but falling short in other key categories. The consensus expectation of Wall Street analysts was for earnings per share of $2.86, revenue of $8.18 billion and a gain of 2.26 million net paid subscribers. Netflix reported EPS of $2.88, revenue […]

Apple Inc. is opening its first store in India, which is being considered as the new manufacturing base for the tech major, as well as its new growth market. The gadgets major has high hopes for the second most populous country in the world, with wider markets. The iPhone maker announced its plans to open two new retail locations in […]

Brokerages expect India Inc to report an upturn in earnings for the March quarter of 2022-23, after a relatively muted showing in the previous two quarters. This growth is expected to be led by banking, financial services and insurance (BFSI) companies, FMCG firms, and automobile makers. The combined net profit of the Nifty50 companies (excluding Adani Enterprises) is expected to […]

Air India on Monday announced a new compensation structure for its pilots and cabin crew, with a guaranteed flying allowance of 40 hours per month for both categories of staff. While the flying allowance has been doubled for pilots, it has been introduced for flight attendants as part of the new compensation structure. Pilots will earn an additional amount as […]