US growth rebound: Washington economy expands at 4.3% annual pace in Q3; inflation pressures persist – The Times of India

US growth rebound: Washington economy expands at 4.3% annual pace in Q3; inflation pressures persist – The Times of India

The US economy grew at a faster-than-expected annual rate of 4.3% in the July–September quarter, driven by stronger consumer spending, exports and government outlays, even as inflation remained above the Federal Reserve’s comfort level, according to official data released on Tuesday, AP reported.Gross domestic product (GDP), which measures the total value of goods and services…

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Gold rate outlook: Gold, silver hit lifetime highs on Fed signals; will inflation data fuel further gains? – The Times of India

Gold rate outlook: Gold, silver hit lifetime highs on Fed signals; will inflation data fuel further gains? – The Times of India

Gold and silver are expected to prolong their record-setting surge in the coming week as traders turn their attention to a heavy line-up of global inflation data and macroeconomic indicators that will shape central bank policy expectations, analysts said. The focus will be on inflation prints from India, the US, Europe and the UK, along…

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Asian stocks today: Markets slump ahead of Fed’s interest rate decision; Nikkei trims over 170 points, HSI falls 0.3% – The Times of India

Asian stocks today: Markets slump ahead of Fed’s interest rate decision; Nikkei trims over 170 points, HSI falls 0.3% – The Times of India

Asian markets fell on Wednesday, mirroring a sluggish session on Wall Street, as investors waited for the Federal Reserve’s latest policy decision. The central bank is widely expected to cut interest rates for a third straight meeting, but all eyes are on the post-meeting statement, Chair Jerome Powell’s press conference, and the “dot plot” forecast…

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US jobs pulse: Openings stay near 7.7 million in October; layoffs hit highest level since early 2023 – The Times of India

US jobs pulse: Openings stay near 7.7 million in October; layoffs hit highest level since early 2023 – The Times of India

US job openings showed little movement in October, signalling a cooling labour market at a time when the Federal Reserve is weighing another interest-rate cut amid mixed economic cues.Employers posted 7.67 million vacancies in October, almost unchanged from 7.66 million in September, according to the Job Openings and Labor Turnover Survey (JOLTS) released by the…

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Bitcoin plunges sharply! Cryptocurrency drops below ,000; weak demand, global risks hit sentiment – The Times of India

Bitcoin plunges sharply! Cryptocurrency drops below $86,000; weak demand, global risks hit sentiment – The Times of India

Bitcoin fell sharply on Monday, slipping below $86,000 in early Asian trade as renewed selling hit the cryptocurrency market at the start of December.The world’s largest digital asset dropped by 6%. Ether also declined more than 7% to around $2,800, while other major tokens, including Solana also registered steep losses. Traders said that the broader…

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US labour market holds firm: Jobless claims fall to 216,000; layoffs stay low despite corporate cuts – The Times of India

US labour market holds firm: Jobless claims fall to 216,000; layoffs stay low despite corporate cuts – The Times of India

Fewer Americans applied for unemployment benefits last week, signalling continued stability in the labour market even as several large companies announced job cuts. According to AP, jobless claims fell by 6,000 to 216,000 in the week ending November 22, undershooting economists’ expectations of 230,000.Applications for unemployment aid — a key proxy for layoffs — remain…

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US markets today: Wall Street trades mixed as rally pauses; Nvidia slides after SoftBank stake sale – The Times of India

US markets today: Wall Street trades mixed as rally pauses; Nvidia slides after SoftBank stake sale – The Times of India

Wall Street witnessed mixed trading on Tuesday, cooling off after Monday’s sharp rally that followed a week of losses. The S&P 500 slipped 0.2% in early trading, the Dow Jones Industrial Average added 73 points, while the tech-heavy Nasdaq fell 0.5%. Despite the pullback, all three major indexes remained close to record highs, AP reported….

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Markets watch: Asian stocks rise as US shutdown nears end; oil prices stay under pressure – The Times of India

Markets watch: Asian stocks rise as US shutdown nears end; oil prices stay under pressure – The Times of India

File photo (Picture credit: AP) Asian stocks continued to climb for a second straight day on Tuesday as signs emerged that US lawmakers were close to resolving the country’s record-long government shutdown. The positive sentiment also lifted global markets, though oil prices remained subdued amid concerns about oversupply and slowing demand.At 0230 GMT, the Nikkei…

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US government shutdown fallout: Data blackout poses threat to economic growth- explained by analysts – The Times of India

US government shutdown fallout: Data blackout poses threat to economic growth- explained by analysts – The Times of India

US government shutdown (AI image) The ongoing US government shutdown has created a significant data vacuum, impacting the release of vital federal economic statistics, from employment figures to national GDP measurements.The information gap is set to widen as authorities postpone releasing third-quarter GDP figures for the largest economy globally.The US administration has postponed various reports…

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