Finance

21 May 2024, 04:17

Jamie Dimon, CEO of JPMorgan Chase, just hinted at retirement. Here's how he became an iconic billionaire banker.

Jamie Dimon, the CEO of JPMorgan Chase, began his career in banking at American Express.

21 May 2024, 02:15

Jamie Dimon just hinted he may be retiring sooner than expected

The JPMorgan CEO suggested he was planning to retire within the next five years.

21 May 2024, 00:23

US-China tariff war could benefit several sectors in India while harming a few others

President Joe Biden imposed fresh tariffs on Chinese products to protect American workers from unfair trade practices. The move includes specific tariffs on semiconductors, electric vehicle batteries, solar cells, as well as steel and aluminium imported from China. How does this brewing geopolitical trade war impact Indian firms? Experts say the impact could be in two ways, benefitting some sectors, while harming the few others.

20 May 2024, 12:25

Silver Rate Today (May 20, 2024): Prices Across Major Indian Cities

Silver rate on Monday experienced a notable surge in India, reaching ₹101,000 per 1kg in Delhi. On the MCX, June delivery contracts saw a rise of ₹3,500, closing at ₹96,500 per kg. This uptick underscores increased investor attention amidst global economic uncertainties and currency fluctuations. The recent ascent of silver beyond $30, coupled with its status as a safe-haven asset.

20 May 2024, 11:57

Gold Rate Today (May 20, 2024): Prices in Major Indian Metropolitan Regions

Gold rate today in India experienced a surge, with 24-carat gold in Delhi priced at ₹75,310 per 10 grams, and MCX contracts for June delivery at ₹74,610 per 10 grams, marking a rise of ₹540. This uptick is linked to uncertainties surrounding interest rate cuts and currency fluctuations. Meanwhile, COMEX Gold prices remain stable around $2387 per ounce, poised for a second consecutive weekly increase.

19 May 2024, 21:05

My baby boomer parents gave me great financial advice. They taught me to budget and helped me open a checking account at 13.

I'm Gen Z and grew up with baby boomer parents. They gave good financial advice and it's shaped how I think about money today.

19 May 2024, 16:57

Michael Burry and John Paulson hit the jackpot when they called the housing crash. Now they're betting on gold.

Michael Burry bought about $8 million worth of a trust that owns physical gold bullion. John Paulson has been betting big on gold for years.

19 May 2024, 12:22

India's foreign exchange reserves rose by USD 2.6 billion in the week ending May 10: RBI

The country's foreign exchange reserves had hit an all-time high of USD 648.562 billion recently. According to the latest data released by the Reserve Bank of India (RBI), India's foreign currency assets (FCA), the biggest component of the forex reserves, rose by USD 1.488 billion to USD 565.648 billion. Gold reserves during the week rose by USD 1.072 billion to USD 55.952 billion.

19 May 2024, 12:02

Trade ties with India suspended due to 'heavy duties': Pakistan Foreign Minister

Pakistan's Foreign Minister Ishaq Dar highlighted the suspension of trade ties between Islamabad and New Delhi since 2019 post the Pulwama attack in a written reply submitted to the National Assembly on Saturday. He said that India imposed a 200% duty on imports from Pakistan, suspended the Kashmir bus service, and trade across the Line of Control.

18 May 2024, 18:52

Warren Buffett warned AI is like the atomic bomb, but this expert thinks he's being way too gloomy

Warren Buffett warned humanity has let the genie out of the bottle again with AI. Nuclear power may be a better analogy given its risks and benefits.

18 May 2024, 16:43

Debt, equity holders approve merger of IDFC with IDFC First Bank

Shareholders and non-convertible debenture (NCD) holders of IDFC First Bank have approved a proposal to merge parent IDFC Ltd with the lender. The Na...

18 May 2024, 09:15

A bridesmaid says she's out $3,200 for the wedding, and if she did everything the bride wanted, she'd probably have to move

A 28-year-old nonprofit manager told The Cut she's adding to her debt just to be a bridesmaid in her friend's wedding, which will cost around $3,200.

18 May 2024, 03:00

Investors and economists are getting worried about more bank failures as interest rates stay high

High interest rates are "corrosive" to the economy, Mark Zandi said, while others fear the impact of high borrowing costs on commercial mortgages.

17 May 2024, 19:51

Elite investor Ray Dalio says risk of US civil war is up to 40% — and thinks Taylor Swift could be a good president

Ray Dalio, the founder of the world's largest hedge fund, warned political division could escalate into war and hailed Taylor Swift's unifying power.

17 May 2024, 16:13

Rupee rises 17 paise to close at 83.33 against US dollar

Rupee appreciated 17 paise to close at 83.33 (provisional) against the US dollar on Friday, on positive domestic markets and expectations of some fre...

17 May 2024, 12:03

Silver Rate Today (May 17, 2024): Prices Across Major Indian Cities

On Friday, silver prices remained unchanged throughout India. In Delhi, the current rate for 1kg of silver is ₹ 89100. Meanwhile, on the MCX, silver contracts for June delivery rose by ₹1,500, settling at ₹89,100 per 1kg. The stability in silver prices indicates sustained investor interest amidst global economic uncertainties and fluctuating currency values, which is driving demand for this valuable metal.

17 May 2024, 11:51

Gold Rate Today (May 17, 2024): Rates Across Major Indian Cities

On Friday, there was a noticeable decrease in gold rates across India. In Delhi, the current price for 10 grams of 24-carat gold stands at ₹73,900. Meanwhile, on the MCX, gold contracts for June delivery experienced a drop of ₹270, settling at ₹73,750 per 10 grams. The decline in gold prices today is believed to be influenced by the uncertainties over interest rate cuts later this year and currency value fluctuations.

17 May 2024, 10:22

Rupee opens on flat note against US dollar in early trade; Underperformance partly due to election worries

The rupee opened on a flat note against the US dollar in early trade on Friday, weighed down by a negative trend in domestic equities and the strength of the American currency in the overseas markets. Forex traders said The Indian rupee underperformed among the Asian currencies amid higher imported commodity prices and foreign fund outflows amid worries about election results.

16 May 2024, 18:49

Gina Rinehart, a mining magnate worth $22 billion, wants her portrait removed from an Australian gallery

Gina Rinehart and her representatives have made multiple approaches to the National Gallery of Australia over the painting, the SMH reported.

16 May 2024, 16:25

Rupee settles 4 paise lower at 83.50 against US dollar

The rupee stayed range-bound and settled 4 paise lower at 83.50 (provisional) against the US dollar on Thursday, weighed down by unabated foreign fund outflows amid investors' weak appetite for riskier assets. However, a firm trend in domestic equities supported the local unit and restricted its losses, forex traders said.

16 May 2024, 15:15

India's merchandise exports to rise 12-15%, reach USD 400 billion this fiscal: FIEO

The country's merchandise exports are expected to increase about USD 60-70 billion to USD 500 billion by the end of FY25, apex exporters' body FIEO said on Thursday. In 2023-24, exports had dipped over 3 per cent to USD 437 billion. Traditional markets like the US and Europe will help in boosting India's exports.

16 May 2024, 12:07

Today's Silver Prices (May 16, 2024): Updates for Mumbai, Delhi, Kolkata, Bengaluru, Chennai, and other Indian cities

On Thursday, silver rates saw a significant increase across India. In Delhi, 1kg of silver would cost you ₹ 89100 today. Meanwhile, on the MCX, silver contracts for June delivery traded higher by ₹1,500 settling at ₹89,100 per 1kg. The rising silver prices reflect increased investor interest amid global economic uncertainties and fluctuating currency values, driving demand for this precious metal.

16 May 2024, 11:48

Gold Price Update (May 16, 2024): Rates in Mumbai, Delhi, Kolkata, Bengaluru, Chennai, and other Indian cities

On Thursday, gold rates saw a subtle increase across India. In Delhi, 10 grams of 24-carat gold would cost you ₹74,170 today. Meanwhile, on the MCX, gold contracts for June delivery traded higher by ₹10, settling at ₹ 73,260 per 10 grams. The rising gold prices this week reflect increased investor interest amid global economic uncertainties and fluctuating currency values, driving demand for this precious metal.