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Any assessment of a government's performance invariably ends up at the economic door. At the start of Narendra Modi's ninth year as prime minister (PM), it is then pertinent to ask: how has the Indian economy fared so far? Making any straight comparisons between now and May 2014 would be unfair given the impact of the coronavirus pandemic. And even before the pandemic's end, Russia’s invasion of Ukraine upended all calculations again. "No one country today can plan for its recovery...because of these kinds of disturbances. Our recovery, not just of India, but for countries everywhere, will be severely hampered," Finance Minister Nirmala Sitharaman had noted in late February a day after Russia attacked Ukraine. But it must not be forgotten that India has attempted to kick-start its economic recovery multiple times in the last eight years. The first of these was soon after Modi took charge as PM in May 2014. Working in tandem with Raghuram Rajan at the Reserve Bank of … [Read more...] about Modi govt @ 8 | Pandemic hides economy’s past troubles as restart button hit again

It's reality check time and we are opening the holiday-shortened trading week in a bear market in the S&P 500 after U.S. stocks had their worst week last week since March of 2020. The Federal Reserve hiked the federal funds rate by three quarters of a percent last week as it tries to cool inflation. I know, I said that would be "out of character" and "off script" on last week's podcast . So, you know the situation is pretty serious, and the Federal Reserve does not have inflation under control. No central bank does, for that matter. It's going to take aggressive interest rate hikes to get to what the Fed calls a normal rate environment (3.4%), which means we may very well see another 75 basis point hike at the Fed's next meeting in July. While that 3.4% may be normal, if you look at the last 50 years, it is not normal when you look at the past decade, which has been characterized by accommodative monetary policy via low interest rates and low inflation well under 2%. This is new … [Read more...] about Investing in Wine With the NBA’s Elite Players

If you have more than 20% home equity and a credit score of at least 680, there’s a good chance you could qualify for a home equity loan . This allows you to borrow money for about five to 10 years at a relatively low fixed interest rate using your home as collateral . Let’s talk about how home equity loans work, so you can decide whether one might make sense for you. Key Takeaways A home equity loan lets you borrow against the equity you have built up in your home, providing a single lump-sum payment that can be useful for financing big-ticket items or consolidating higher-interest debt . However, because you are using your home as collateral for the loan, it puts you at risk of losing it if you default on the loan. Home equity loans come with low fixed interest rates and repayment periods of anywhere from five to 10 years. Alternatives to home equity loans include home equity lines of credit (HELOCs), personal loans, and low-interest credit cards. … [Read more...] about Is Taking Out a Home Equity Loan Right for You?

- A + A (June 23): Investment bankers in the US and Europe are bracing for potentially billions of dollars in total losses on big-ticket leveraged buyouts as they struggle to offload risky corporate debt that’s plunging in value amid a sweeping market selloff. The biggest hit, which could amount to about US$1 billion, may come from the take-private of Citrix Systems Inc, which a group of lenders led by Bank of America Corp, Credit Suisse Group AG and Goldman Sachs Group Inc signed in January, according to people with knowledge of the deals and the terms at which banks underwrote them. Each of the three lead banks could face losses in excess of US$100 million, said the people, who asked not to be identified when discussing private transactions. With the Federal Reserve rushing to hike interest rates at the fastest pace in decades, credit risk premiums are surging far beyond levels banks had negotiated with private equity firms during the halcyon days of cheap … [Read more...] about Wall Street faces billion-dollar losses on sinking buyout debt

Bed Bath & Beyond Inc. ( BBBY ) is set to report earnings after the closing bell this afternoon as a " golden cross " forms on its daily chart. In response, the stock is trading to a fresh 2019 high. The weekly chart shows that April began with renewed upward momentum. Bed Bath & Beyond stock closed Tuesday, April 9, at $18.47, up 63.2% year to date and in bull market territory at 76.6% above its Dec. 24 low of $10.46. The stock set its 52-week high of $21.44 on July 9 and is still in correction territory at 13.9% below this high. When the retailer was set to release its prior earnings report on Jan. 9, I described the stock as being "too cheap to ignore," and that remains the case today. The stock has a P/E ratio of 7.96 and a dividend of 3.44%, according to Macrotrends. At the end of 2018, the stock had a weekly stochastic reading of 8.23, below 10.00 on a scale of 00.00 to 100.00 – making the stock technically "too cheap to ignore." Bed Bath & Beyond is … [Read more...] about Bed Bath & Beyond Reports Earnings as a ‘Golden Cross’ Forms

Conny Braams from Unilever; Dara Treseder from Peloton; Forbes CMO Hall of Famer Antonio Lucio; and Frank Cooper III from Visa. Illustration by Alexander Wells for Forbes. Recognizing the 50 Most Influential CMOs in the World By Seth Matlins , Managing Director, Forbes CMO Network Additional reporting by Diane Brady , Emmy Lucas , Olivia Peluso , Lauren Debter , Isabel Lord , Katherine Dunn T wo hundred years before it was first used as a verb, “influence” was a noun denoting the stars’ ability to affect human lives and destinies. Today, we consider “influence” less astrologically and more practically, focusing on the chief marketers who wield it to shape the character and destinies of the brands and businesses they help steward. The link between marketing and influence has always been inextricable. After all, a chief marketer’s job is about nothing more than it is the influencing of attitudes and behaviors in … [Read more...] about The Forbes World’s Most Influential CMOs List: 2022