ETMarkets Smart Talk: Final Budget 2024 eyed! IT sector is currently a dark horse: Naveen Kulkarni

ETMarkets Smart Talk: Final Budget 2024 eyed! IT sector is currently a dark horse: Naveen Kulkarni

“The IT sector is currently a dark horse, influenced more by the global economic regime than India’s policy framework,” says Naveen Kulkarni, Chief Investment Officer, Axis Securities PMS. In an interview with ETMarkets, Kulkarni said: “The stock markets will likely trend upward in the next six months. The upcoming budget will be a critical factor … Read more

MPC: We don’t expect rate cut in 2024 unless growth or inflation surprises on downside: Tanvee Gupta Jain

MPC: We don’t expect rate cut in 2024 unless growth or inflation surprises on downside: Tanvee Gupta Jain

“I would say most of the forecast will be retained. A lot of focus will be on the upcoming budget and the policy henceforth rather than expecting really meaningful on Friday’s policy,” says Tanvee Gupta Jain, Chief India Economist, UBS Securities India.Well, a rate cut or a rate action clearly is not on the cards, … Read more

Federal Reserve: Fed officials back higher-for-longer rates

Federal Reserve: Fed officials back higher-for-longer rates

New York: Federal Reserve officials earlier this month coalesced around a desire to hold interest rates higher for longer and “many” questioned whether policy was restrictive enough to bring inflation down to their target. Minutes from the two-day Federal Open Market Committee gathering ending May 1 showed that, while participants assessed that policy was “well … Read more

Representative Jasmine Crockett: “I’m Nobody’s Punk” — Interview

Representative Jasmine Crockett: “I’m Nobody’s Punk” — Interview

I had to ask Crockett if she felt any remorse for attacking another woman’s body in her retort. After all, “bleach blonde bad built butch body” is an insult that tears another woman down in a worse way than commenting on false lashes. “I don’t. The goal was to make a point. If it’s OK … Read more

The Uncomfortable Truth About the UK’s Climate Policies

The Uncomfortable Truth About the UK’s Climate Policies

Russia’s invasion of Ukraine feels like a really pivotal moment in this narrative. In the autumn of 2022, energy prices in the UK were skyrocketing, and yet the response of Liz Truss, prime minister at the time, was to double down on oil and gas exploration and refuse to ask people to cut down their … Read more

Noncompetes Are Dead—and Tech Workers Are Free to Roam

Noncompetes Are Dead—and Tech Workers Are Free to Roam

More US workers will soon be free to leave their employers to work for rivals, thanks to a new federal rule that will block the longstanding practice of locking in workers with noncompete agreements. The US Federal Trade Commission on Tuesday issued a final rule that bans most noncompetes nationwide. The agency estimated that by … Read more

US Infrastructure Is Broken. Here’s an $830 Million Plan to Fix It

US Infrastructure Is Broken. Here’s an 0 Million Plan to Fix It

There’s one word that will get any American fuming, regardless of their political inclination: infrastructure. Pothole-pocked roads, creaky bridges, and half-baked public transportation bind us nationally like little else can. And that was before climate change’s coastal flooding, extreme heat, and supercharged wildfires came around to make things even worse. US infrastructure was designed for … Read more

The White House Puts New Guardrails on Government Use of AI

The White House Puts New Guardrails on Government Use of AI

The US government issued new rules Thursday requiring more caution and transparency from federal agencies using artificial intelligence, saying they are needed to protect the public as AI rapidly advances. But the new policy also has provisions to encourage AI innovation in government agencies when the technology can be used for public good. The US … Read more

Here Comes the Flood of Plug-In Hybrids

Here Comes the Flood of Plug-In Hybrids

Last week, the Biden administration made it official: American cars are really going electric. The US Environmental Protection Agency finalized a rule, long in the works, that will require automakers selling in the United States to dramatically boost the number of battery-powered vehicles sold this decade, putting a serious dent in the country’s carbon emissions … Read more

States Are Lining Up to Outlaw Lab-Grown Meat

States Are Lining Up to Outlaw Lab-Grown Meat

The pushback from legislators sympathetic to ranchers and the broader meat industry puts cultivated meat companies in a difficult situation. Major meat producers Cargill and Tyson have both invested in cultivated meat companies, while Brazil’s JBS is working on a cultivated research site in Brazil. “We see ourselves as an ‘and’ solution, not an ‘or.’ … Read more