Dear Reader , The Panorama newsletter is sent to Moneycontrol Pro subscribers on market days. It offers easy access to stories published on Moneycontrol Pro and gives a little extra by setting out a context or an event or trend that investors should keep track of. In a case of how cheer for the economy may not be so for markets, investors in US stocks fretted over excellent jobs data. US businesses added 5,28,000 jobs in July, beating most estimates by an embarrassing margin. US 2-year treasuries rose after the report, as the market priced in a more certain likelihood of another 75-basis point rate hike by the US Fed. But the S&P 500 slipped, as investors pondered over what too strong an economy could mean for interest rates. Those fears did not carry over to India, however, with the stock market rising by a strong 0.8 percent at 1.15pm. The RBI’s 50 basis point hike in the repo rate last week and its determination to stay in ‘withdrawal of accommodation’ mode is … [Read more...] about Moneycontrol Pro Panorama | Are US and Indian markets decoupling?
Turning point recovery
Share to Twitter Share to Linkedin Both oil and gas exported from Russia bring in significant revenue that can be used to support the Russian war in Ukraine. But the export revenue from oil sales is much greate r than export revenue from gas sales. If the West stops buying oil this really hurts Russia – more than if the West stopped buying gas. Back in May, the EU agreed to ban all Russian oil imports by the end of 2022, at least those that are delivered by sea. That was a good move. Russia threatens to cut gas supplies to the European Union. Russia has realized that cutting natural gas doesn’t affect their export revenue (like oil does) but it affects the economies of EU countries a lot more. Russia supplied the EU with 40% of its gas last year , with Germany, Italy, and Netherlands the top three importers in actual volumes of gas. Germany had imported more than 50% of its gas from Russia via the Nord Stream 1 pipeline. By the end of June, … [Read more...] about Russia Threatens, EU Reduces, US Industry Helps To Untangle The Natural Gas War In Europe.
California authorities are searching for three adult men who went missing after they jumped into a body of water near a campsite to try and help an 8-year-old who was struggling to swim, according to a report. The incident unfolded Sunday at the Brannan Island State Recreation Area near the Three Mile Slough Bridge in Sacramento County around 1:22 p.m., according to ABC 10 . A family who witnessed the incident said an 8-year-old boy began struggling to stay afloat in the water, prompting five men to jump in to help save the child. Only two of the men made it back to shore, according to KCRA . The three missing men were identified by family members as Edwin Rivas, Edwin Perez and Danilo Solorzano, according to the report. Authorities are searching for three men, who went missing in the water near Brannan Island in Sacramento County Sunday. https://t.co/q3FLML06Hy — NBC Bay Area (@nbcbayarea) July 4, 2022 “This happened so fast, three people, my friends … … [Read more...] about REPORT: 3 Men Missing After Trying To Save 8-Year-Old Struggling To Swim
RBI Governor Shaktikanta Das. (File photo) Dear Reader , A day before the monetary policy announcement, the yield on the 10-year bond fell sharply on a media report that the MPC would signal a pause after Friday’s hike. Thankfully, the MPC held firm, refusing to oblige the bond markets. Not only did it increase the repo rate by 50 basis points, but also the MPC signalled more rate hikes in future by refusing to tone down its ‘withdrawal of accommodation’ stance. Much is being made of the fact that the policy rate is now at the pre-pandemic level. At 5.4 percent, the repo rate is now back to where it was in September 2019. But that is no big deal. GDP growth was a measly 3.7 percent in 2019-20 compared to RBI’s projection of 7.2 percent in 2022-23; retail inflation was a much lower 4.8 percent in 2019-20, compared to a projected 6.7 percent for 2022-23; the current account deficit was a comfortable 0.9 percent of GDP in 2019-20 as against projections of around 3 percent … [Read more...] about Moneycontrol Pro Weekender | Shaktikanta Das refuses to pivot
Representative image Impostor syndrome seems to be more common than actually thought, though at a collective level. People may often feel that the groups they are affiliated with may be underperforming in comparison to other groups. Although this self-critical approach may work in certain cases, it may also overlook the positives, and decrease the morale of those affiliated with the group. Many in India seem to have a collective/national-level impostor syndrome. While the Indian economy is much better placed than its peers in the emerging markets, and other economies, the government is being criticised on the economic front. The criticism comes when the fundamentals of the Indian economy are robust, despite the exogenous shocks caused by the COVID-19 pandemic, supply chain disruptions, monetary policy tightening by the US Federal Reserve, the Ukraine-Russia conflict, and inflated crude oil prices. India's macroeconomic health remains robust despite external pressures, and ongoing … [Read more...] about Bibek Debroy writes: India’s economy is better placed than its peers, other economies around the world
Julian Zelizer, a CNN political analyst, is a professor of history and public affairs at Princeton University. He is the author and editor of 24 books, including, " The Presidency of Donald J. Trump: A First Historical Assessment ." Follow him on Twitter @julianzelizer . The views expressed in this commentary are his own. View more opinion on CNN. (CNN) President Joe Biden delivered a bold speech on Thursday night , calling for a ban on assault weapons and other gun policies, including strengthening background checks and enacting new "red flag" laws. "Enough, enough," he told the nation, urging Congress to take action after a slew of mass shootings rocked the country. "We can't fail the American people again." The speech comes at a difficult moment for Biden. The administration is facing multiple escalating crises, which are slowly undermining his leadership and political strength. There's the Russian war in Ukraine, inflation and stock market turbulence, mass … [Read more...] about Opinion: How Biden can avoid Carter’s one-term presidential fate
Tiger Woods released his first public statement Sunday night after being in a terrible car accident. The legendary golfer was involved in a brutal single-vehicle crash early Tuesday morning, and several golfers dressed in red and black on Sunday to honor him. (RELATED: David Hookstead Is The True King In The North When It Comes To College Football) Brought out the Sunday Red in honor of Tiger Woods ???? (????: @PGATOUR , @LPGA ) pic.twitter.com/hv3mjGiCHd — ESPN (@espn) February 28, 2021 Woods tweeted, “It is hard to explain how touching today was when I turned on the tv and saw all the red shirts. To every golfer and every fan, you are truly helping me get through this tough time.” It is hard to explain how touching today was when I turned on the tv and saw all the red shirts. To every golfer and every fan, you are truly helping me get through this tough time. — Tiger Woods (@TigerWoods) March 1, 2021 Obviously, seeing so many … [Read more...] about Tiger Woods Makes His 1st Public Statement Since His Car Accident, Says The Support Is ‘Touching’
- A + A (Aug 9): Apple Inc is back in a familiar role as market leader after a painful first half of the year that saw hundreds of billions of dollars in market value disappear, and individual investors are a big reason for the rally. Since bottoming in mid-June, the iPhone maker’s shares have surged 27%, outpacing the S&P 500 Index and the Nasdaq 100 Index. That’s put Apple back on top as the world’s most valuable company and within sight of turning positive for the year. Apple is now down just 7.4% in 2022, compared with a drop of 20% for the Nasdaq 100. Apple shares benefited from a relief rally after its quarterly earnings were better than feared, and its ongoing buoyancy reflects Wall Street’s confidence in its ability to continue churning out big profits. Individual investors, who recently helped ignite rallies in speculative corners of the market, have flocked to the stock. “Retail investors have been strong buyers of Apple over the past couple of … [Read more...] about Apple’s chart-topping run gets a boost from retail investors
If you're serious about bringing your ideas for products to market, you should absolutely attend trade shows. They're always eye-opening. The only way to truly understand the mechanics of any industry is by attending its trade shows. One guarantee? You'll be overwhelmed. I've attended all kinds of shows over the course of my career as a product developer , including toys, back-to-school, pet, housewares, hardware, electronic, promotional, music, and more. Checking out the latest innovations and making new friends at a trade show never fails to inspire me. But I've also wasted a lot of time attending the wrong shows and not having clearly defined goals. When you're starting out, it's especially important that you make good decisions. Your resources are limited! Preparation is key. At trade shows, I meet inventors who have spent years and tens of thousands of dollars getting ready to show their product to the world. They've paid for a booth and now today's the big … [Read more...] about What Inventors Need to Know About Trade Shows
June 16, 2021 started as an ordinary day for Loveland resident Rachel Metcalf, a Senior Girl Scout for troop 71106, otherwise known as the GECCCOs (Girls Experiencing Camping Canoeing and Cycling Outdoors). Little did she know that before the end of it, a sudden change in the weather would turn the unremarkable day into a test of her strength and resolve. The recent Mountain View High School graduate was leading a canoe day camp for younger Girl Scouts and their siblings at Boyd Lake State Park, an activity she’d been participating in annually since middle school. Metcalf was on shore observing her fellow troop members and campers out on the water when she noticed an ominous shift in the weather. “A thing that I’ve learned through day camp is there’s a point where the wind gets just a little bit too much,” she said. Metcalf had been expecting an afternoon shower, but something told her this was no ordinary summer storm. Then she saw the “wall of dust” descending on the lake … [Read more...] about Loveland Girl Scout honored for life-saving actions in Lake Boyd incident