[ad_1] U.S. inflation climbed to 2.7% in June, marking the highest level since February, driven by rising costs for gas, food, and groceries. This increase reverses months of cooling inflation and exceeds May’s 2.4% rise. The inflation spike presents a political challenge and may deter the Federal Reserve from cutting interest rates. Inflation in the…
[ad_1] JPMorgan Chase reported a second-quarter net profit of $14.2 billion on Tuesday, down from $18.3 billion a year ago, but ahead of Wall Street expectations. The bank posted adjusted earnings of $4.96 per share, surpassing analysts’ forecast of $4.48, although lower than the $6.12 per share it earned in Q2 2024.Total managed revenue stood…
[ad_1] India has increased its oil refining capacity by only 5% over the past seven years, falling far short of the 69% growth that had been targeted for 2025. Factors such as uncertainty around future demand due to climate considerations, limited land availability, and disruptions from the COVID-19 pandemic have significantly slowed expansion efforts. This…
[ad_1] The government has tentatively selected 10 old or decommissioned thermal power plant sites across different states for potential conversion into nuclear power facilities. This initiative is part of the Centre’s broader plan to scale up nuclear energy capacity to 100 GW up from the current 8.8 GW by 2047. The selection is still at…
[ad_1] India’s merchandise trade deficit shrank to $18.78 billion in June, lower than both market expectations and the previous month’s gap, driven by a decline in both exports and imports, according to data released by the Ministry of Commerce & Industry on Tuesday.In a poll by Reuters, economists had pegged the June trade deficit at…
[ad_1] The 508 km bullet train route, with 352 kms in Gujarat and 156 kms in Maharashtra, is under construction. (AI image) India’s first bullet train project will use Japan’s latest E10 high-speed trains for operations, after initially testing the E5 series of trains. The E10 series of bullet trains are set for debut in…
[ad_1] Analysts say silver is likely to do well because, unlike gold, it is used extensively in the industry. (AI image) NEW DELHI: Gold has been rallying for the past 2-3 years due to heightened geopolitical tensions across the globe. But silver has outshone the yellow metal in recent months, rising nearly 20% since 1…
[ad_1] Asian shares were mixed on Tuesday, as renewed concerns over US President Donald Trump’s tariff plans unsettled investors. Japan’s benchmark Nikkei 225 gained 64 points, or 0.16%, in morning trade, reaching 39,524. Hong Kong’s Hang Seng Index also edged up by 47 points, or 0.2%, to 24,250. However, South Korea’s Kospi slipped 5 points,…
[ad_1] Gold price prediction: In the very short-term, spot gold is expected to move majorly on tariff news flow. (AI image) Gold price prediction today: Even as gold prices climb, it is silver prices which are in focus after hitting record highs. US President Donald Trump’s tariff war, the fresh threat of 100% tariff on…
[ad_1] China’s economy slowed slightly in the last quarter as US President Donald Trump’s trade war intensified, but still managed to expand at a solid 5.2% pace, the government said on Tuesday.On a quarterly basis, the world’s second-largest economy grew by 1.1%, slightly above the 0.9% rise forecast, according to National Bureau of Statistics data…