The $1.6 trillion student debt dilemma hanging over the US economy
The fate of the American economy depends on the vitality of the American consumer, and therein lies a mystery. No one knows exactly when the tens of millions of people with federal student loans will have to start repaying their obligations. The amounts involved are not small: there is $1.6 trillion of this debt outstanding, and the government has suspended collection of much of it. The American way of financing higher education has long been a drag on the country’s economy. All that borrowed money adds to the already exorbitant cost of a degree. Many students, especially in minority communities,…
Read More »Saudi Aramco profits rise 90% in second quarter amid surge in energy prices
An employee looks at the Saudi Aramco oil facility in Abqaiq, Saudi Arabia, on October 12, 2019. Maxim Shemetov | Reuters Saudi oil giant Aramco on Sunday reported an impressive 90% jump in second-quarter net income and record half-year results, as high oil prices continue to generate record gains for “Big Oil”. Aramco said strong market conditions helped boost its second-quarter net profit to $48.4 billion, up from $25.5 billion a year earlier. The result easily beat analysts’ estimates of $46.2 billion. “Our record second quarter results reflect growing demand for our products, especially as a low-cost producer with one…
Read More »Rakesh Jhunjhunwala’s first big profit came from these Tata Group shares
Ace investor with Midas touch Rakesh Jhunjhunwala died early Sunday morning due to cardiac arrest. The Big Bull of Dalal Street started investing in stocks with ₹5,000 and according to Forbes, Rakesh Jhunjhunwala’s net worth today is 5.8 billion. Thus, the “Warren Buffett of India” turned around ₹5 billion to 5.8 billion dollars in his stock investment journey that began in 1985. However, for those who scan Big Bull’s profile for value picks, there is Rakesh Jhunjhunwala news for them. It is well known that Tata group stocks always remained one of the favorite stocks in Rakesh Jhunjhunwala’s portfolio. But…
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Stocks fall as earnings season approaches
U.S. stocks fell sharply on Monday to start the week, boosted by losses in tech stocks as investors braced for the start of earnings season and new inflation data to be released Wednesday. The Nasdaq Composite fell 2.3% and the S&P 500 fell 1.2%. The Dow Jones Industrial Average fell 160 points, or 0.5%. Monday’s moves follow a week of gains for stocks that saw all three benchmarks post weekly gains despite closing flat after Friday’s jobs report. Meanwhile, the euro fell closer to parity with the US dollar. The currency fell as much as 1.4% to $1.0044, hitting a…
Read More »Rakesh Jhunjhunwala’s journey, share holdings and investment advice
Rakesh Jhunjhunwala, the Warren Buffet of India, or known as the Big Bull, is no more. He ruled the Indian stock market for decades, making smart investment decisions to build an empire of overvalued stocks. ₹40,000 million. He was the 36th richest person in India, with a net worth exceeding $4 billion. Based on information provided to the Indian stock exchanges (June 2022), Rakesh Jhunjhunwala, who recently launched his own airline Akasa Air has 32 holdings in companies. Just as an astute investment veteran, Rakesh Jhunjhunwala, placed his eggs in different baskets and spread his equity portfolio across sectors. With…
Read More »Walmart Inc. provides update for the second quarter and fiscal year 2023
BENTONVILLE, Ark., July 25, 2022 — Walmart Inc. (NYSE: WMT ) today provided a business update and revised its earnings outlook for the second quarter and full year, primarily due to pricing measures aimed at improving inventory levels at Walmart. and Sam’s Club in the US and sales mix. Walmart US offset sales, excluding fuel, are expected to be around 6% for the second quarter. This is higher than previously expected with a heavier mix of food and consumables, which is negatively impacting the gross margin rate. Food inflation is in double digits and higher than at the end of…
Read More »![Ayurvedic Health and Personal Care Products Market Size [+USD 28,830 Mn]Financial summaries, Opportunities for 2031](https://financialnewsarticles.com/wp-content/uploads/2022/08/ayurvedic-health-and-personal-c.jpeg "Ayurvedic Health and Personal Care Products Market Size [+USD 28,830 Mn]Financial summaries, Opportunities for 2031 6")
Ayurvedic Health and Personal Care Products Market Size [+USD 28,830 Mn]Financial summaries, Opportunities for 2031
Ayurvedic Health and Personal Care Products Market Size, Share Report and Forecast 2022 to 2032 Global Ayurvedic Health and Personal Care Products Market to Reach $28.83 Billion in Revenue by 2030 at 12.3% CAGR. NEW YORK CITY, NEW YORK, UNITED STATES, August 14, 2022 /EINPresswire.com/ — Rising popularity of Ayurvedic health and personal care products could motivate companies to expand their portfolios, according to an analysis. This report provides a comprehensive overview of the Ayurvedic Health and Personal Care Products industry and highlights the key factors driving the growth of the global market. The report is a breakthrough that provides…
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Rakesh Jhunjhunwala death live updates: Mortal remains of veteran investor brought to his Mumbai residence
Rakesh Jhunjhunwala has not been keeping well for the past few days and breathed his last today at Breach Candy Hospital in Mumbai, hospital sources said. Rakesh Jhunjhunwala was born on 5 July 1960. He grew up in Mumbai. The veteran stock investor was a self-made trader and invested in several established businesses and startups, including India’s newest airline, Akasa Air. 14 Aug 2022, 13:11:26 IST Union Minister Smriti Irani paid tribute to stock market investor Rakesh Jhunjhunwala, who died on Sunday, saying she lost her brother. Often referred to as the Warren Buffett of India, Jhunjhunwala died early this…
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