Investor Druckenmiller sees U.S. falling into recession next year By Reuters

© Reuters. FILE PHOTO: Stanley Druckenmiller, Chairman and CEO of Duquesne Family Office LLC., speaks at the Sohn Investment Conference in New York City, U.S. May 4, 2016. REUTERS/Brendan McDermid/File Photo (Reuters) -Billionaire investor Stanley Druckenmiller said he believes the Federal Reserve’s monetary policy tightening may push the U.S. into a bigger-than-expected recession next year. … Read more

Icra maintains 7.2% GDP forecast for FY23, sees pick-up in govt expenditure

Citing revival in contact-intensive services and a pick-up in government and private expenditure, rating agency Icra on Wednesday retained its previous growth forecast of 7.2 per cent for the current fiscal. Growth is expected to pick up to pre-Covid levels on the back of pent-up demand, even though on an annualised basis, … Read more

Gateway Partners sees over $1 bn investment potential in India in 5-10 yrs

Gateway Partners is planning to invest over USD 1 billion in the next five to 10 years in the booming Indian economy, according to a top company official. It has already invested over USD 250 million in several Indian assets over the past five years. “Over a billion US dollars over … Read more

Holiday let popularity sees mortgage choice widen: Moneyfacts

The number of holiday let products on the market has grown by 72% since September 2021, says Moneyfacts. This time last year there were 186 mortgages to choose from, which has since increased to 320. And there are now 31 lenders offering this type of mortgage compared to 25 in September 2021. Meanwhile, rates have … Read more

Maharashtra sees 541 Covid-19 cases, two deaths; active tally at 3,702

Maharashtra on Sunday reported 541 COVID-19 cases, including 108 in Mumbai, and two fatalities, taking the tally to 81,19,345 and the toll to 1,48,329, the state health department said. With 546 patients discharged during the day, the cumulative count of recoveries in the state rose to 79,67,314, leaving the state with 3,702 … Read more

Maharashtra sees 619 fresh Covid-19 cases, 3 fatalities in a single day

Maharashtra on Saturday reported 619 COVID-19 cases and three fatalities, taking the tally to 81,18,804 and the toll to 1,48,327, the health department said. A day before, the state had logged 611 infections and two deaths. Of the three fatalities, Kolhapur circle reported two and Mumbai circle one. Of … Read more

Flying taxi maker Eve top industrial gainer thrice, Plug Power sees No. 1 loser tag

peepo/E+ via Getty Images The week ending Sept. 23, saw marginal gains (in this segment) amid the Federal Reserve’s third straight rate hike of 75 basis points to fight inflation. However, electric flying taxi company Eve managed to hold on to the top spot for the third time in a row (in this segment). The … Read more

bank stocks to buy: 5 bank stocks where Kotak Institutional Equities sees over 20% more upside despite recent run

Even as banking stocks witnessed strong momentum in recent months, brokerage Kotak Institutional Equities suggests that the valuation of stocks from the sector is still not expensive. Public and private banks are still either close to their long-term averages or marginally higher, it said. “Public banks are just marginally higher than where they were pre-Covid … Read more

S&P 500 sees its third leg down of more than 10%. Here’s what history shows about past bear markets hitting new lows from there, according to Bespoke.

Stocks fell sharply after the Federal Reserve announced Wednesday that it was raising its benchmark rate by three-quarters of a percentage point as it battles inflation, with the S&P 500 continuing a slide described by Bespoke Investment Group as its third leg down.   “Where this bear market ultimately bottoms is anyone’s guess, and events outside … Read more

Dow Jones Futures: Stock Market Sells Off As Hawkish Fed Sees New Terminal Rate

Dow Jones futures fell slightly overnight, along with S&P 500 futures and Nasdaq futures. The stock market whipsawed sharply lower Wednesday after the Federal Reserve hiked aggressively once again and signaled a higher peak, or “terminal” rate. X This is a stock market correction. Investors should remain cautious, but looking for leading names. Celsius Holdings … Read more