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JP Morgan & Co. chief executive officer Jamie Dimon sounded a warning for the US economy, as he flagged stagflation risk amid multiple challenges like geopolitics, deficits and price pressures. Speaking at JPMorgan’s Global China Summit in Shanghai, Dimon rejected the idea that the US economy is currently in a “sweet spot.” Stagflation is an…
Gold prices erased early losses to steady on Thursday, helped by a weaker dollar and technical buying as investors await key U.S. economic data later in the day for further clarity on future interest rates. Spot gold was little changed at $3,179.07 an ounce as of 1102 GMT, after hitting its lowest since April 10…
Gold dropped to a two-week low on Thursday, pressured by signals of softening trade tensions and a holiday in top consumer China, while focus was also on Friday’s U.S. payrolls report to gauge the economic outlook. Spot gold was down 2.2% at $3,216.41 an ounce, after hitting its lowest since April 14 earlier in the…
SEBI’s latest crackdown against Gensol Engineering has sparked a debate on red flags in corporate governance. Discount brokerage Zerodha’s Varsity, in its latest post, has analysed ways by which retail investors can spot the red flags in corporate governance and potentially another ‘Gensol’, to avoid any unnecessary losses in equities. The Securities and Exchange Board…
Apple Inc.’s iPhone unit shipments surged 10% in the first quarter as part of an effort to accelerate deliveries and avoid expected tariffs on China, according to industry tracker IDC. The company shipped 57.9 million units during from the beginning of January through March, a rise from the 52.6 million units it delivered in the…
Credit investors are looking to pounce on new opportunities resulting from the wild swings in global financial markets triggered by the US-China trade war. Average spreads in the US high-yield bond market are about 419 basis points — lingering around the highest since late 2023 — while prices in the leveraged loan market have dipped…
Gold prices jumped on Thursday on rising safe-haven demand after US President Donald Trump escalated tariffs on China despite his decision to temporarily ease steep duties on several other countries. In the previous session, the international gold rate spiked 3%. The Indian stock market and commodity market are closed on April 10 on account of…