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"us-economy"

  • “America has been an immense beneficiary of talent from India”: Elon Musk

    Tesla CEO Elon Musk has strongly defended the H-1B visa programme, highlighting how the US economy benefits from Indian immigrants and stressing the need for high-skill talent. Speaking on Nikhil Kamath’s podcast, Musk acknowledged misuse of the system by outsourcing firms but urged reforms instead of shutting it down.
  • Trump’s tariff stance on India seen as economically counterproductive

    India’s economy continues to grow robustly despite US tariffs, with domestic consumption driving 68% of GDP. Corporate investments, like Apple’s $2.5 billion India expansion, signal confidence, highlighting risks that Trump’s confrontational trade stance could weaken America’s long-term strategic and economic position.
  • Japan’s Nikkei sinks 12.4% in worst losses since 1987

    Sheds 4,451.28 points amid heavy selling triggered by worries that US economy may be in worse shape than expected
  • US economy accelerates to 2.4 per cent annual growth rate in April-June quarter

    In April, the minutes of the central bank's March meeting had revealed that the Fed's staff economists envisioned a “mild” recession later this year
  • US economic growth in Q4 revised up to 4.3%

    The US economy contracted 3.5 per cent in 2020 amid the Covid-19 pandemic, the largest annual decline of gross domestic product (GDP) since 1946, according to the department.
  • Arturo Di Modica, sculptor of Wall Street bull, dies at 80

    Di Modica installed the bronze bull sculpture in New York's financial district without permission on the night of December 16, 1989.
  • Trump executive order seeks to thwart foreign cyber meddling

    Foreign malicious cyber actors aim to harm the US economy through the theft of intellectual property and sensitive data and to threaten national security by targeting the country's critical infrastructure for malicious cyber-enabled activities
  • Protesters clash with Italian police over anti-Covid measures

    The scenes of unrest came after Italian Prime Minister Giuseppe Conte ordered restaurants and bars to shut from 6:00 pm.
  • Asian shares lifted by stronger China growth numbers

    Rising coronavirus caseloads across the globe have left investors cautious as governments impose restrictions to contain outbreaks.
  • Asian shares mostly higher after US rally, aid package hopes

    Economists say the outlook is grim without such support, and the chair of the Federal Reserve has said repeatedly it will likely be necessary.

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