US economy now growing at less than 2 percent due to shutdown, JP Morgan says

J.P. Morgan economists said the government shutdown is beginning to take a bigger toll on the U.S. economy, and growth is now below 2 percent, despite resilience in the private sector. The economists slashed their first quarter growth estimate to 1.75 percent from 2 percent, citing the shutdown. This is their second quarter point cut to the growth More...

by Loknath Das | Published 4 weeks ago
By Loknath Das On Wednesday, January 16th, 2019
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Government shutdown bites US economy

Emily Hunt, a flight attendant for Southwest Airlines, drops off a donation of food for TSA workers at Orlando International Airport on Jan. 15. Florida airports are helping federal workers who aren’t getting More...

By Loknath Das On Saturday, January 12th, 2019
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Playing catch-up in the digital economy

The increasing diffusion of ICT in developing countries including India and the greater ICT-led convergence across sectors that we are witnessing now follows the emergence of the inter-related digital technology More...

By Loknath Das On Wednesday, January 9th, 2019
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India to retain status as fastest growing major economy in 2019-20: World Bank

Fuelled by policy reforms and rebound in credit, India’s economy is forecast to expand by 7.5 per cent during the 2019-20 fiscal year and retain its position as the fastest growing major economy in a world More...

By Loknath Das On Sunday, December 30th, 2018
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Complex web of international banks, shell companies, helps North Korea gain access to funds, WSJ reports

News1-Dong-A Ilbo  | Getty Images News | Getty Images In this handout image provided by the News1-Dong-A Ilbo, North Korean officials watch the demolition of the Punggye-ri nuclear test site on May 24, More...

By Loknath Das On Sunday, December 16th, 2018
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Goldman Sachs: As long as consumers keep shopping, there’s hope for the economy

David Goldman | Getty Images Shoppers carrying bags walk up Fifth Avenue in New York City. For a market that’s become increasingly jittery over the U.S. economy, Goldman Sachs has a message: All is More...

By Loknath Das On Wednesday, December 5th, 2018
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Money managers are realizing that Trump isn’t ‘dependable enough’ for the market: Cramer

Trump not ‘dependable enough’ for market, money managers learn: Cramer   7 Hours Ago | 01:17 Part of Tuesday’s stock market plunge may have stemmed from money managers giving up More...

By Loknath Das On Monday, December 3rd, 2018
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Facebook is making a huge mistake if it disbands its election war room, former Obama administration official warns

Inside Facebook’s ‘War Room’ Facebook should not disband its election war room, a former Obama administration official told CNBC. Otherwise, Russia and other foreign nations could take More...

By Loknath Das On Saturday, December 1st, 2018
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OPEC meeting marks the ‘toughest test yet’ for Saudi-Russia energy alliance, analysts say

Omar Marques | Anadolu Agency | Getty Images Secretary General of OPEC, Mohammed Barkindo (R), Russia Energy Minister Alexander Novak (L), Saudi Arabia’s Minister of Energy, Industry and Mineral Resources, More...

By Loknath Das On Wednesday, November 28th, 2018
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The world’s fastest-growing major economy is not prosperous enough

India’s perch on top as the world’s fastest-growing major economy is a paradox given its performance on social indicators. The country still lags its global and Asian peers when it comes to providing a safe More...