A recent poll by The Associated Press-NORC Center for Public Affairs Research shows that while Americans recognize corruption, inefficiency, and red tape in the federal government, they remain divided on whether Elon Musk is the right person to help fix it. Mixed approval for Trump’s Advisory body The poll found that only 30% of US … Read more
Top US financial analysts at Goldman Sachs have raised massive alarm by suggesting that the US stock market could be on the brink of a major correction. This market correction could come at any point in 2025, and is quite inevitable looking at how overheated the stock market has become over the last few months. … Read more
ChatGPT maker OpenAI, led by Sam Altman, has announced “Stargate,” a $500 billion project aimed at building new AI infrastructure in the US over the next four years. This initiative, backed by SoftBank, Oracle, and MGX, plans to immediately deploy $100 billion. OpenAI claims Stargate will solidify American AI leadership, generate jobs and economic benefits, … Read more
The fight between Xi Jinping and Donald Trump around trade and exports will see new highs after January 20, when Trump takes office as the US President. For starters, Trump is planning on imposing a whopping 60% tariff on products brought into the US from China, something that could expectedly weaken the demand for Chinese-made … Read more
The idea of Elon Musk as a potential buyer for TikTok may seem like the craziest development yet in the saga of the US government’s determination to ban the app. But it’s not as out-of-left-field as it sounds, and would carry its own potential harms.The world’s wealthiest man has long said he hopes to create … Read more
Depreciation of the rupee against the US dollar is providing limited benefits to domestic exporters due to the high import content in shipments and uncertainties in the global market, according to experts. While a weaker rupee typically boosts export competitiveness by making Indian goods cheaper in global markets, certain factors are limiting potential gains. They … Read more
Over the last decade, States have been relying more and more on transfers and grants from the Centre. In the last decade (FY16 to FY25), 23-30% of the total revenue of States was collected from the Centre as transfers. However, in the 2000s and the first half of 2010, the share was 20-24%. Also, close … Read more
Donald Trump is scheduled to take charge as the President of United States of America on January 22 and will announce a slew of policy-related decisions. However, the US is likely to witness a slow GDP growth in 2025. The world economy resisted battering by conflicts and inflation last year and is expected to grow … Read more
The government revised gold and silver imports for April-November FY25, with the steepest downward revision of $5 billion in the former. Data for November gold imports was revised to $9.84 billion, from the $14.86 billion announced last month, narrowing the trade deficit for the month to $32.8 billion, from the record $37.8 billion estimated earlier. … Read more