Author: Press Room

By Madhumita Gokhale BENGALURU (Reuters) – India’s consumer inflation likely eased in March to 5.80% thanks to softer food price rises, dipping below the Reserve Bank of India’s upper tolerance limit for the first time this year, a Reuters poll of economists found. The data is due at 1200 GMT on April 12, less than a week after the RBI surprised markets and analysts by holding its key interest rate steady at 6.50% when most expected a 25 basis point rise. Food inflation, which accounts for nearly half of the overall consumer price basket, is expected to have moderated due…

Billionaire Elon Musk warned of a difficult slog for the U.S. economy over the next year after recent turmoil within the banking system reignited fears over an imminent recession. “Tough sledding until spring next year is my best guess,” the Tesla CEO and Twitter chief said in a tweet late Wednesday.Musk was responding to a tweet that noted the Federal Reserve’s own staff economists are bracing for a mild recession this year after the collapse of Silicon Valley Bank and Signature Bank in early March.  THESE BUSINESS TITANS ARE SOUNDING THE ALARM OVER THE US ECONOMY “Given their assessment of…

JPMorgan Chase is scheduled to report first-quarter earnings before the opening bell Friday.Here’s what Wall Street expects:Earnings: $3.41 per share, 29.7% higher than a year earlier, according to Refinitiv.Revenue: $36.24 billion, 14.7% higher than a year earlier.Deposits: $2.31 trillion, according to StreetAccount.Provision for credit losses: $2.27 billion.Trading Revenue: Fixed income $5.29 billion, Equities $2.86 billion.related investing newsJPMorgan, the biggest U.S. bank by assets, will be watched closely for clues on how the industry fared after the collapse of two regional lenders last month.Analysts expect a mixed bag of conflicting trends. For instance, JPMorgan likely benefited from an influx of deposits…

The Biden administration will ask the Supreme Court to intervene in the legal fight around the abortion pill mifepristone, after a federal appeals court allowed the drug to stay on the market but imposed restrictions on its use.In a statement Thursday, Attorney General Merrick Garland said the Justice Department “strongly disagrees” with the U.S. 5th Circuit Court of Appeals decision. He added that the administration will “be seeking emergency relief from the Supreme Court to defend the FDA’s scientific judgment and protect Americans’ access to safe and effective reproductive care.”The appeals court late Wednesday blocked U.S. District Judge Matthew Kacsmaryk’s…

So far this tax season, the IRS has received more than 90 million income tax returns for 2022. That means tens of millions of households have yet to file their returns. If yours is among them, here are some last-minute tax-filing tips to keep in mind as the Tuesday, April 18 deadline approaches. Not everyone has to file on April 18: If you live in a federally declared disaster area, have a business there — or have relevant tax documents stored by businesses in that area — it’s likely the IRS has already extended the filing and payment deadlines for…

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Bitcoin (BTC), the most valuable cryptocurrency in the world by market capitalization that powers the world’s first cryptographically secured, decentralized payments ledger, hit its highest level since June 2022 on Thursday to the north of the $30,600 level.BTC/USD was last changing hands up in the region of 1.6% on the day, having recovered well from an earlier dip to the south of the $30,000 mark.The latest push higher, which was catalyzed by a bullish breakout to the north of a pennant structure late last week, has seen Bitcoin extend its on-the-year gains to more than 80%.That makes Bitcoin one of…

About a third of Gen Z choose secondhand to afford higher-end brands, according to a ThredUp report. Persistent high inflation and fears of an economic slowdown primarily drive these changing preferences. The most popular brands in resale now include Lululemon, Coach, and Kate Spade. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app A record number of Gen Z is living at home and fueling a luxury boom.And even increasing economic uncertainty is not deterring their pursuit of the good life — they’re just buying secondhand instead.About…

Startups want to change how mental-health care is provided. Companies like Lyra and Spring Health have raised hundreds of millions of dollars from VCs. The 10 startups on this list have raised a collective $2.7 billion in recent years. Startups have raised hundreds of millions of dollars in recent years to change how mental-health care is provided.While some companies partner with employers to offer mental-health-related benefits, others focus on providing therapists with tools to set up and run their own practices. Consumer-focused startups, meanwhile, onboard practitioners so they can connect with new patients directly, whether virtually or in person.In 2021,…

Tolstoy, one of east Africa’s few remaining Super Tusker elephants, roamed the open grasslands around Kenya’s Mount Kilimanjaro for more than five decades. That was until last year, when he died after being speared by a farmer seeking to protect his crops.“This is happening more and more,” said ranger Daudi Ninaai, standing over the animal’s carcass inside the Amboseli ecosystem reserve, whose 2,000 elephants include just five of the Super Tuskers famed for their enormous tusks.The ranger fears other pachyderms will meet the same fate, as the increasingly frequent clashes between humans and wildlife in the Unesco-designated biosphere are exacerbated…