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Boeing is expanding plans to replace 3,200 striking St. Louis-area workers with new hires, with training for the first group beginning Friday. Union officials dismiss this as a bluff, citing extensive training and security clearance requirements. Senators criticized Boeing's refusal to increase its offer, contrasting it with the CEO's substantial compensation package.
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News and Media
Gold remained steady on Friday, poised for its seventh consecutive weekly gain, driven by expectations of further U.S. interest rate cuts and concerns over a government shutdown. The precious metal, a traditional safe haven, touched an all-time high on Thursday. Markets anticipate a significant Fed rate cut this month, bolstering gold's appeal.
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News and Media
Wall Street indexes closed at record highs, primarily driven by the technology sector and AI chip companies, amidst a U.S. government shutdown. Investors, monitoring private labor data, anticipated potential Fed rate cuts. The shutdown also raised concerns about its duration and impacted specific stock performances.
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News and Media
WeWork India is set to launch a 3,000 crore IPO, which will reduce the promoter's stake to 48.1%. Despite higher revenue and Ebitda than competitors, the company's recent FY25 profit of 128 crore is primarily attributed to a deferred tax credit. Geographic concentration and lower occupancy rates in mature centres compared to peers are noted.
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News and Media
India's credit growth, currently below 10%, is poised to accelerate as new RBI measures could unleash 5 lakh crore in demand. Easing corporate exposure norms and allowing M&A financing are key drivers for this potential surge. While these relaxations are positive, weak credit demand remains a significant hurdle for faster economic expansion.
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News and Media
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