The US Federal Reserve has decided to hold the federal funds rate steady at 5.25-5%. This is the second meeting in a row the Fed has maintained the status quo on the funds rate. Wh ... Read more
The government has asked Apple to join its investigation into allegations that the iPhones of some opposition leaders and journalists could have been compromised by “state-sponsore ... Read more
Demand for smartphones dropped in 2022, with the market shrinking 10%. In the first six months of 2023, it dropped another 10%. Premium phones, priced at $400 or more, are bucking ... Read more
Domestic overall two-wheeler sales increased 4% in the first half of FY24, and estimates suggest they will easily top 17 million units by the year-end. Yet, sales would be signific ... Read more
Domestic overall two-wheeler sales increased 4% in the first half of FY24, and estimates suggest they will easily top 17 million units by the year-end. Yet, sales would be signific ... Read more
GM’s autonomous vehicle startup Cruise has slammed the brakes on its driverless cars, as US regulators investigate alleged safety breaches. Will this move put a spoke in the wheel ... Read more
The yield on 10-year US treasury bonds crossed 5% on Monday—the first time since 2007. It closed at 4.95% on Wednesday. This bond yield is important in influencing the direction of ... Read more
Demand for IT services has slumped amid a global slowdown. India’s IT companies have, therefore, clamped down on their hiring plans. In fact, FY24 could turn out to be the worst ye ... Read more
Data released last week by the agriculture ministry shows food production touched record highs in 2022-23. The robust numbers are at variance with India’s decision to curb exports ... Read more
At the recently concluded International Monetary Fund (IMF)-World Bank meetings in Marrakesh, officials fretted over the new trend of interest rates remaining high for a long perio ... Read more
