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Gold prices surged to record highs in domestic and global markets on Monday, driven by safe-haven demand amid the ongoing US government shutdown and expectations of further Federal Reserve rate cuts.On the Multi Commodity Exchange (MCX), December gold futures jumped Rs 1,447, or 1.22%, to a lifetime high of Rs 1,19,560 per 10 grams. The…
NEW DELHI: Cuttack remained tense on Sunday following new incidents of violence linked to a group clash during a Durga idol immersion procession two days ago.Due to the tense law and order situation, the state government suspended internet services from 7 pm on Sunday to 7 pm on Monday in areas under Cuttack Municipal Corporation,…
Investors were bracing for turbulence on Wall Street as the US government shutdown delayed key economic reports. Yet, defying expectations, the stock market surged on Friday, with both the S&P 500 and the Dow Jones Industrial Average hitting record highs.The rally isn’t just driven by Big Tech. Though companies like Nvidia, riding the AI boom,…
The United States government shutdown entered its third day on Friday, with no resolution in sight as negotiations between Republican and Democratic leaders remain stalled. The impasse is expected to extend until at least next week, as the Senate has postponed further votes until Monday and the House has cancelled all votes for the upcoming…
US stocks continued to climb on Friday, as Wall Street edged toward the finish of another record-setting week, buoyed by optimism around artificial intelligence and hopes of easier interest rates despite a partial government shutdown.The S&P 500 rose 0.2% and is on track for its seventh winning week in nine, while the Dow Jones Industrial…
The United States has delayed the release of a key employment report as a partial government shutdown entered its third day on Friday, creating uncertainty over the state of the world’s largest economy.Other economic indicators scheduled for publication this week, including weekly unemployment claims, have also been postponed, depriving policymakers and businesses of crucial information…
The increase in workforce reductions coincides with a slowdown in the labour market. (AI image) The US economy is staring at a prospect where its job losses for the year could cross 1 million! Nearly 95,00,00 layoffs have happened by US employers through September 2025, marking the highest such figures since 2020, according to outplacement…
The US government shutdown that began October 1 has brought H-1B visa processing to a standstill, dealing a severe blow to Indian professionals who represent over 71% of H-1B beneficiaries. The Department of Labor, which issues critical Labour Condition Applications (LCAs) required before any H-1B petition can proceed, has stopped operations due to the funding…
US President Donald Trump on Thursday (local time) warned that “there could be firings” if the ongoing government shutdown drags on, further blaming Democrats for the crisis. He also hinted at ‘big plans’ for 2026.In an interview with the OAN television network, Trump defended his hardline approach, saying Democrats in Congress were responsible for the…
Karolin Leavitt confirmed that the federal layoffs because of the government shutdown are likely to be in the thousands. After hinting at massive layoffs because of the federal government shutdown, the White House Thursday confirmed that the figure of layoffs is likely to be in the thousands. Ahead of President Trump’s meeting with Office and…
