German Private Sector Downturn Eases On Cooling Inflation, Lower Recession Fears

Germany’s private sector downturn softened to a stable footing at the start of the year amid a moderation in price pressures along with a renewed positive outlook on reducing recession risks and ongoing strength in the job market, flash survey data from S&P Global showed on Tuesday. The flash composite output index rose to a […]

IMF cuts India’s growth to 6.1% for FY23

The International Monetary Fund (IMF) on Tuesday said it is expecting some slowdown in the Indian economy next fiscal year and projected the growth to 6.1 per cent from 6.8 per cent during the current fiscal ending March 31. The IMF on Tuesday released the January update of its World Economic Outlook, according to which […]

Australia Business Conditions Continue To Weaken As Economy Slows

Reflecting the slowdown in the economy, Australia’s business conditions weakened for a third month in a row in December and are likely to ease further, while sentiment logged a moderate improvement, survey results from the National Australia Bank showed Tuesday. The NAB business conditions index fell eight points to 12 in December. However, the indicator […]

Tech Stocks Helping Lead Significant Rebound On Wall Street

Stocks have moved sharply higher in morning trading on Thursday, regaining ground following the steep drop seen in the previous session. The major averages have all moved to the upside, with the tech-heavy Nasdaq leading the rebound. Currently, the major averages are just off their highs of the session. The Nasdaq is up 225.02 points […]

25 Biggest Product Flops of the Last 10 Years

At the heart of the free market system is the interplay of reward and risk. Companies that grow have visionaries at the helm and in their development departments who are always creating the next big thing. The reward is higher profits and larger market share. The risk is developing a product that fails spectacularly, hurting […]

UN Selects World's Best Villages For Tourism

The United Nations agency focusing on responsible tourism has published its annual list of “best” rural villages around the world. The World Tourism Organization (UNWTO) named 32 destinations as “Best Tourism Villages 2022.” Different from the usual lists of the world’s best tourist destinations, UNWTO recognizes rural destinations that are embracing tourism as a driver […]

U.S. Stocks May Regain Ground In Early Trading

After moving sharply lower over the course of the previous session, stocks may move back to the upside in early trading on Thursday. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.5 percent. Traders may look to pick up stocks at reduced […]

Vimeo Laying Off 11 Percent Of Workforce, Second Major Cut In A Year

A blog posted today by CEO Anjali Sud informed Vimeo staff that another 11% of the workforce will be laid off. Vimeo focuses on the delivery of high-definition video across a range of devices. Vimeo’s business model software as a service. The cuts comes a half-year after Vimeo axed 6% of its workforce in July […]

Asian Shares Decline On China Concerns

Asian stocks fell on Thursday amid concerns about the rapid spread of Covid infections in China and fears about the potential for new variants to emerge. Several countries including the United States, Japan, Italy Taiwan and India have imposed new restrictions mandating Covid-19 tests for passengers arriving from China. Investors also assessed the likelihood of […]

Asian Markets Mostly Lower

Asian stock markets are trading mostly lower on Thursday, following the broadly negative cues from Wall Street overnight, amid ongoing concerns over the deteriorating health of the global economy and the possibility of higher interest rates leading to a recession. The post opening surge in Covid-19 cases in China is also dampening market sentiment. Asian […]