Most Adani Group shares fell sharply on Monday as the Indian conglomerate’s rebuttal of US short-seller criticism failed to calm investors, deepening a market rout that has now led to $65 billion in losses in the group’s stock values. The Indian group led by Gautam Adani, Asia’s richest man, met with research firm Hindenburg and … Read more
People wait in line to attend the job fair at SoFi Stadium on September 9, 2021 in Inglewood, California. Patrick T Fallon | Afp | Getty Images These days the United States unemployment system It is kind of an anomaly. Almost three years after the outbreak of the Covid-19 pandemic The worst unemployment crisis in … Read more
With the 2023 World Economic Forum in Davos dominated by discussions of economic growth, or the lack thereof in most developed countries, one country is often cited as a bright spot. Bank of Japan Governor Haruhiko Kuroda said in the closing session of the event that India is doing “extremely well,” while highlighting acute challenges … Read more
(Kitco News) – goldwhich has been trading upwards for 2023 and currently at around $1,930 an ounce, will reverse trend and see a significant drop as “the biggest crash of our lives” enters wave two, according to Harry Dent, founder of HS Dent. Dent calls for gold to reach $900 an ounce by mid-2024. He … Read more
Getty Images main sockets The headline inflation rate for December fell to 6.5% from 7.1% in November on an annual basis. While this information isn’t exactly worth celebrating, it is a sign that things are going in the right direction as it shows that higher prices are slowing the economy. Investors look at the CPI … Read more
The $1.4 trillion cryptocurrency market crash in 2022 did not affect traditional assets such as stocks or the real economy. But an academic warned that the failure of a major stablecoin could have an impact on the US bond market, pointing to a potential new area that investors need to watch as contagion continues to … Read more
Mexican President Andres Manuel López Obrador has said Mexico has “inalienable” ownership of its energy resources. The leaders of Canada, Mexico and the United States are due to hold a summit next week, where the big bone of contention could be the row over whether Mexico has violated a trade agreement by tightening the country’s … Read more
