Business Industrial
President Trump's trade war strategies and criticism of the Fed Chair create market uncertainty. Trade deals with China, Japan, and others stall, impacting stocks, bonds, and even driving investors to gold and Bitcoin.
Trump nominates Clayton as US Attorney for Southern District, crucial for financial crime investigations. Senate confirmation faces potential challenges despite Clayton's bipartisan past and focus on security and trafficking.
Trump criticizes the Fed and Powell, raising concerns about the Fed's independence and potential market turmoil. Tariffs, interest rates, and economic growth are key issues.
Tesla delays US production of its cheaper Model Y (codenamed E41) due to tariff exposure. Budget car is still slated for China & Europe. Production of 250,000 units expected in 2026.
ITC is investing ā¹81 crore in Mother Sparsh, raising its stake to 49.3%. It's also acquiring SNBPL (24 Mantra Organic) for ā¹400 crore to boost its presence in the organic food sector and support sustainable farming.
Empire State Realty Trust (ESRT) defies Manhattan office market trends with high occupancy (94.2%). Renewals & strategic upgrades drive success, overcoming class distinctions. Key leases: Gerson Lehrman, Workday, Carolina Herrera.
Samsung & LG consider reshoring to the US (South Carolina & Tennessee). Honda denies moving production. Driven by rising costs & supply chain issues, other companies like Toyota & GE are also reshoring.
Indiaās fintech sector is expected to grow strongly over the next 10 to 20 years, with huge potential to expand digital payments and offer more financial services such as credit and insurance, especially for those who are currently underserved, said MobiKwik Co-Founder Upasana Taku.
The Port Newark Container Terminal was going full-out on Wednesday after President Trumpās punishing tariffs kicked in, with cranes working to unload one ship after another ā as shippers, retailers and importers braced for the stiff new duties to be levied on the next load of cargo from overseas.
During her opening statement, Wynn-William, Facebookās former director of global public policy, told lawmakers that Meta began providing briefings to the Chinese Communist Party āas early as 2015ā while pursuing āProject Aldrinā ā a top-secret effort to gain access to Chinaās lucrative market.
US consumer spending for Easter is expected to rise about 5% this year as Americans snap up candy and gifts to celebrate despite concerns around high inflation and economic uncertainty, a National Retail Federation report showed on Tuesday.
Indian startups struggle to compete with global big tech companies like Google, Facebook, and Amazon, due to their vast resources and control of data, said Ansuman Pattnaik, director general, Competition Commission of India (CII), the country's anti-trust body.