India’s Adani companies lose $65 billion in value | Business and economic news

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

The US unemployment system continues to suffer from post-pandemic 3-year delays

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

India is a real bright spot in the midst of a global downturn: CEOs

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

Gold will be the hardest hit commodity in the ‘massive crash’, the bear market in its early stages – Harry Dent

(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

Here’s the current state of the economy and what it means for the stock market

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

Collapse of Stable Currencies May Spread to US Bond Market: Academic

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

What is behind the energy dispute between Canada, Mexico and the United States? | International Trade News

Mexican President Andres Manuel L√≥pez 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