In a fiscal update that highlights India’s robust tax revenue performance, the Ministry of Finance announced a significant year-over-year increase in Gross Direct Tax collections for the financial year 2023-24. As of November 9, 2023, collections reached Rs. 12.37 lakh crore, representing a growth of 17.59% compared to the same…

New York Republican Rep. George Santos won’t seek re-election in the wake of a House Ethics panel report that found “substantial evidence” of lawbreaking by the congressman. Santos said in a post on X that he won’t run for his seat again, following the release of the committee’s report. That…

By Dan Burns (Reuters) -U.S. consumer sentiment fell for a fourth straight month in November and households’ expectations for inflation rose again, with their medium-term outlook for price pressures shooting to the highest level in more than a dozen years, a survey showed on Friday. The University of Michigan’s preliminary…

By Hernan Nessi BUENOS AIRES (Reuters) – Argentina’s consumer prices likely rose by less than double digits in October, a Reuters poll showed on Friday, slowing down after hitting a three-decade high in September. The poll, which surveyed 19 analysts, showed consumer prices increasing by 9.9% in the month, slowing…

A divided Congress is again struggling to avoid a partial government shutdown, and closures will hit in a week if U.S. lawmakers can’t reach agreement. The Republican-run House of Representatives, led since Oct. 25 by new Speaker Mike Johnson, is expected to vote Tuesday on a short-term funding measure, known…

LIMA (Reuters) -Peru’s economy may have shrunk for a third straight quarter from July to September, the central bank’s chief economist said on Friday, as the Andean nation struggles to claw its way out of a recession. The world’s No. 2 producer slid into a technical recession earlier this year…

The price of buying a ticket to see soccer megastar Lionel Messi play is not the only thing going up fast in Miami. Florida is suffering from some of the highest inflation in the country. The increase in prices has slowed sharply in most of the country, but the Miami…

By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of San Francisco President Mary Daly said on Friday she is not ready to say yet whether the central bank is done raising its interest rate target to get inflation back to 2%. The Fed’s monetary policy “is in…

Treasury yields finished mixed on Friday, with the 30-year rate down for the third straight week, as the market recovered from a bad auction of the longest-dated maturity.What happened The yield on the 2-year Treasury note BX:TMUBMUSD02Y rose 3.8 basis points to 5.060% from Thursday’s level of 5.022%, climbing further…

San Francisco Federal Reserve President Mary Daly recently voiced concerns about the effectiveness of the central bank’s interest rate hikes in tackling inflation. In a CNBC interview Today, Daly highlighted the risk of declaring an early victory against inflation, despite some positive signs in economic data. Daly used a horse…