Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Dutta"


25 mentions found


In today's big story, we're looking at the people preparing for the collapse of the financial system . The big storyPreparing for the worstAdobe; Chelsea Jia Feng/BIOpinions fluctuate on the economy, but one group has a decidedly strong take. In the subreddit r/economiccollapse, users are preparing for a Soviet Union-type fall of the US economy , writes Business Insider's Jennifer Sor. Further down the economic totem pole, ALICEs (asset limited, income constrained, employed) are struggling to make ends meet . 3 things in techAlex Wong/Getty Images, STR / Contributor/Getty Images, Stephane De Sakutin/Contributor/Getty Images, Abanti Chowdhury/BIHow Mark Zuckerberg turned against the news.
Persons: , Chelsea Jia Feng, Jennifer Sor, Jennifer, aren't, Tyler, there's, Neil Dutta, Jim Simons, annualized, Alex Wong, Stephane De Sakutin, Abanti Chowdhury, Mark Zuckerberg, Zuckerberg, Rupert Murdoch, Sam Altman, Alyssa Powell, Rick Doblin, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Service, Business, Chelsea, Macro, Renaissance Technologies, Big Tech, Apple, FDA, FOX Locations: Soviet Union, China, Washington, Beijing, New York, London, Chicago
Typically, price increases are a slow-moving process, so it is rare to see core inflation accelerate this much this quickly. The Survey of Professional Forecasters has found longer-run expectations for inflation have leveled out at 2% — the Fed's target. These one-offs have had an outsize impact on the overall inflation picture. Ahead of 2024, the contribution from acyclical components to core inflation was essentially zero. The strong growth in private demand suggests that second-quarter GDP could be even more robust.
Persons: I've Organizations: America, Federal Reserve, PCE, Atlanta Fed Locations: Real
Supporters of India's opposition party, Indian National Congress, during an election rally in Puducherry on April 15, 2024 R. Satish Babu/AFP/Getty ImagesDemocracy under threat? Dipam Bhachech/Hulton Archive/Getty Images Modi worked his way through the ranks of the BJP, establishing himself as a respected politician. Tobias Schwarz/AFP/Getty Images Modi hugs French President Emmanuel Macron after a ceremony at the Arc de Triomphe in Paris, on June 3, 2017. Brent Lewin/Bloomberg/Getty Images India's Prime Minister Narendra Modi addresses Congress at the US Capitol in Washington, DC, on June 22, 2023. Pedro Ugarte/AFP/Getty Images Modi offers a toast during a State Dinner with President Joe Biden at the White House in Washington, on June 22, 2023.
Persons: , Narendra Modi, Mallikarjun Kharge, Indira Gandhi, Gandhi, ” Hazari Lal Rajput, Satish Babu, Modi, Modi’s, Matthew Abbott, Hiraben, Damodardas, Dipam Bhachech, Lal Krishna Advani, Subhas Chandra Bose, Kalpit Bhachech, Kalpit, Negi Yasbant, Amit Dave, Ajit Solanki, Kevin Frayer, Saurabh Das, AP Modi, Manish Swarup, Lucas Jackson, Barack Obama, Adrien Helou, Reuters Modi, Adnan Abidi, Stringer, Mark Zuckerberg, David Paul Morris, Marco Longari, Angela Merkel, Tobias Schwarz, Emmanuel Macron, Charles Platiau, Saudi Arabia's Crown Prince Mohammed bin Salman, India's, Jair Bolsonaro, Vladimir Putin, Xi Jinping, Amit Shah, Money Sharma, Boris Johnson, Phil Noble, Anthony Albanese, Brent Lewin, Pedro Ugarte, Joe Biden, Doug Mills, Paul Mashatile, Jacoline, Imtiyaz Khan, Amr Alfiky, Arati Jerath, , it’s, Rahul Gandhi, Rajiv Gandhi, Indira, India’s, Jawaharlal Nehru, gunning, ” Modi, shouldn’t, Mohammad Irfan, , Arvind Kejriwal, Altaf Qadri, Kejriwal, Atishi, you’re, Jerath, Gandhi ‘, ’ Modi, Christophe Jaffrelot, CNN Modi, Rasheed Kidwai, Rahul, Diptendu Dutta, Mamata Banerjee, Muthuvel Karunanidhi Stalin, ” Kidwai, ” Jerath Organizations: CNN, Bharatiya Janata Party, BJP, Indian National Congress, Getty, Democracy, Modi’s BJP, Pew, New York Times, Rashtriya Swayamsevak Sangh, Modi, Hospital, Narendra, India Today, AP, India's, Madison, Garden, Reuters, Washington , D.C, French National Space Agency, of Yoga, Meta, Facebook, Bloomberg, European, Saudi Arabia's Crown, Rashtrapati Bhavan, Kyodo, British, Summit, Qudos Bank, White, Anadolu Agency, Anadolu, United, United Arab Emirates, Developmental Inclusive Alliance, Indian, Aadmi Party, Delhi, AAP, Aam Aadmi Party, All, Trinamool, West, All India, Congress, , “ Democracy Locations: India, Uttar Pradesh, Ramlila, Puducherry, Modi’s, Sydney, Australia, Gujarat, Ahmedabad, Ahmadabad, Varanasi, New Delhi, United States, Washington, Washington ,, Toulouse, France, Xian, AFP, Menlo Park , California, U.S, Pretoria, South Africa, China, Berlin, Paris, Rashtrapati, Russian, Brasilia, Glasgow, Red, Ayodhya, Abu Dhabi, United Arab, INDIA, Delhi, India’s, Lok Sabha, Atishi, , Manipur, Siliguri, West Bengal, Tamil
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTwo rate cuts this year is still reasonable, says Renaissance's Neil DuttaNeil Dutta, Renaissance Macro, joins 'Closing Bell: Overtime' to discuss what today's CPI report could mean for the Fed's next move.
Persons: Renaissance's Neil Dutta Neil Dutta
At the simplest level, labor productivity is how much output (widgets, meals, spreadsheet computation) one person can complete in an hour. Employers were running around with fishnets trying to find people, and workers used their leverage. By contrast, the late 1990s were a period of higher productivity growth and underestimated growth, starting the year at 2% but ending closer to 4%. But it's probably too soon to be thinking about these factors as the main driver of recent productivity growth. The investment implications of this are clear: Stronger productivity growth implies a higher speed limit for the economy.
Persons: , it's, we'll Organizations: Federal Reserve Bank of San, Labor, P Global, Manufacturing, Capital, Employers, downturns, Professional Locations: Silicon Valley, Federal Reserve Bank of San Francisco
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed is only likely to deliver 3 or 4 rate cuts this year, says economistNeil Dutta of Renaissance Macro Research says the U.S. economy is on "pretty firm ground" and explains why he is not concerned about a recession this year.
Persons: Neil Dutta Organizations: Macro Locations: U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGood news for economy shouldn't mean the Fed needs to stay hawkish: Wilmington Trust's Meghan ShueNeil Dutta, Renaissance Macro Research head of U.S. economics, and Meghan Shue, Wilmington Trust head of investment strategy, joins 'Closing Bell Overtime' to talk the day's market action.
Persons: Wilmington, Meghan Shue Neil Dutta, Meghan Shue Organizations: Wilmington Trust Locations: hawkish, Wilmington
After spending the past two years trying to get inflation under control by raising interest rates, the Fed is inching toward cutting rates soon. Setting interest rates should be about weighing costs and benefits for everyone, not engineering outcomes for a favored constituency. When people (usually those with a vested political interest) try to accuse the Fed of being biased, it erodes confidence. The real reason for the accusationsThe entire conspiracy theory about a political Fed is weak on its face and baseless on its merits. What makes anyone so sure they'll fare better in 2024 with the rate of inflation slowing, interest rates falling, and stocks rising?
Persons: there's, it's, Joe Biden's, Jerome Powell, Donald Trump, Biden, It's, Trump, Ro Khanna, Powell, Taylor, Bill Dudley, Dudley, Dudley's, Chris Waller Organizations: Federal Reserve, Fed, Democratic, Trump, Biden, New York Fed Locations: Canada, Australia, Japan
The October jobs report — with the economy adding just 150,000 jobs and the unemployment rate ticking up to 3.9% — was a disappointment. Of particular notice, the unemployment rate has increased by half a percentage point over the past six months. A simple way to show that things are still in balance is to look at Okun's law, a relationship between movements in the unemployment rate and economic activity. The historical record shows that once it rises half a percentage point, the unemployment rate tends to rise even more. The unemployment rate is already above the Fed's year-end forecast of 3.8% — the first time that's happened since March 2022.
Persons: Jerome Powell, it's, It's, we're, What's, what's, Neil Dutta Organizations: Federal Reserve, Fed, Macro Locations: joblessness, nonfarm payrolls
*Figures for Gaza City and North Gaza have not been updated after Oct. 12 due to lack of communication. A map shows UNRWA schools and hospitals and clinics in and around the Khan Younis camp. A satellite image shows several U.N.-run schools and places where people are seeking shelter in the streets around Nasser Hospital in Khan Younis. On average, 160 people sheltering in UNRWA schools share a single toilet. A map shows UNRWA schools and hospitals and clinics in and around the refugee camp in Rafah.
Persons: , Khan Younis, Saleh Salem, Israel Organizations: , United Nations Office, Humanitarian Affairs, Gaza’s Health Ministry, UNRWA, Ministry of Social Development, Hamas, United Nations Palestinian Refugee Agency, Nasser Hospital, Technologies, World Health Organization Locations: Israel, Gaza, U.N, Gaza City, North Gaza, uproot, Nasser, Khan, Rafah, Egypt
"Mrs Philip Astley, nee Madeleine Carroll", a portrait of the actress Madeleine Carroll by the artist Philip Alexius de Laszlo, is seen on display at Christie's auction house in London, Britain November 15, 2023. NO ARCHIVES Acquire Licensing RightsLONDON, Nov 15 (Reuters) - A portrait of actress Madeleine Carroll, who was considered the first "Hitchcock Blonde", is headed for auction next month, with a price estimate of around $60,000 - $87,000. Hungarian artist Philip Alexius de Laszlo painted the portrait in 1935, the same year Carroll starred in Alfred Hitchcock's spy thriller film "The 39 Steps". The portrait, called "Mrs Philip Astley, née Madeleine Carroll", will be offered at Christie's British & European Art sale on December 14 during its "Classic Week" in London, with a price estimate of 50,000 - 70,000 pounds ($62,285 - $87,200). ($1 = 0.8028 pounds)Reporting by Marie-Louise Gumuchian and Madhurima Dutta, Editing by Alexandra HudsonOur Standards: The Thomson Reuters Trust Principles.
Persons: Philip Astley, nee Madeleine Carroll, Madeleine Carroll, Philip Alexius de Laszlo, Will Russell NO, Carroll, Alfred Hitchcock's, née Madeleine Carroll, de Laszlo, Peter Brown, Marie, Louise Gumuchian, Madhurima Dutta, Alexandra Hudson Organizations: REUTERS, European, Reuters, Alexandra Hudson Our, Thomson Locations: London, Britain, Hungarian, Christie's
A satellite image of the Al Shifa hospital complex is annotated to show parts of the hospital, including a maternity department, a dialysis unit, a surgery and a morgue. Al Shifa hospital in Gaza City has become the main target of the Israeli ground operation in northern Gaza. Israeli forces say the hospital sits atop tunnels housing a headquarters for the Palestinian Islamist group Hamas whose fighters are using patients as shields, a claim which Hamas denies. A map shows the location of the Al Shifa Hospital complex in Gaza. The IDF said its operation in Al Shifa was “precise and targeted” in a “specified area” of the hospital.
Persons: Al, Al Shifa, , , Crescent Organizations: Technologies, Israel Defense Forces, Hamas, IDF, Institute for, AEI, Al, handout, Palestinian, Israeli Defence Forces Locations: Gaza’s, Al, Gaza City, Gaza, Palestinian, Israel, Al Shifa, Rantisi, al, Quds
A graphic shows all demonstrations in the ACLED data clustered by whether they were pro-Palestinian, pro-Israel or neutral. Pro-Palestinian make up 3,761 demonstrations; pro-Israel, 529 demonstrations; and neutral, 95 demonstrations. Note: Analysis includes peaceful protests, protests with intervention, protests with excessive force used against protesters and violent demonstrations as categorised by ACLED. In Berlin, ACLED reported hundreds of demonstrators were arrested during multiple protests during October, as pro-Palestinian protestors clashed with police. There are many pro-Israel demonstrations as well as pro-Palestinian demonstrations.
Persons: Israel —, ACLED, Gazans Organizations: Israel, Al, Arabi, Palestinian, Palestine, , U.S Locations: Israel, Gaza, London, Berlin, Paris, Ankara, Istanbul, Washington, Israel’s, Palestinian, Ahli, Gaza City, East, North Africa, West, Yemen, Iran, Turkey, Morocco, Europe, United States
A map of northern Gaza shows the extent of Israeli forces’s invasion of the Gaza Strip. South of Gaza City, Israeli forces have cut a line from Gaza’s eastern border to the Mediterranean Sea in the west, effectively cutting off northern Gaza and encircling Gaza City. Israel’s armed forces have encircled Gaza City — the largest city in the Gaza Strip — in their assault on Hamas, the military said. Maps distributed by the IDF have directed Gazans to different areas of the southern part of the Gaza Strip. Pamphlets dropped in Gaza on Oct. 13 directed people to evacuate south of the Wadi Gaza, a coastal wetland in central Gaza.
Persons: Jonathan Conricus, ” Conricus, we'll, , Gazans, Khan Younis, Deir Organizations: AEI, United Nations Office, Humanitarian Affairs, Israel Defense Forces, IDF Locations: Gaza, Gaza City, Israel, Balah governorate, Maghazi, Deir
The Jabalia refugee camp is highlighted and the site of an airstrike within the camp shown. People and medics rush to the scene of an Israeli attack that hit the Jabalia refugee camp in north Gaza on Wednesday, Nov. 1. People and medics rushed to the scene of an Israeli attack that hit the Jabalia refugee camp in north Gaza on Wednesday, Nov. 1. The second airstrike hit on Wednesday Nov. 1 in the Falouja neighbourhood of Jabalia refugee camp, approximately half a mile from the site of Tuesday’s explosion. A third Israeli airstrike hit the Jabalia refugee camp on November 2, Reuters reported.
Persons: Benjamin Netanyahu’s, Volker Turk, ” Turk, , OpenStreetMap, Al Bureij, Khan Younis, Bureij, Jabalia, Nizar Rayan, Abdel Kareem Rayan, , Justin Bronk, ” Bronk, Al Mouhawel, Ibrahim Biari, Daniel Hagari, Biari, situating, ” Hagari, Hagari, Hazem Qassem, Muhammad A’sar, Abu Hussein, Antony Blinken, Blinken, Netanyahu Organizations: Islamic, Human, Space Agency Sentinel, United Nations Office, Humanitarian Affairs, Masae Analytics, United Nations, Reuters, Palestine Refugees, UNRWA, United Nations Relief, Works Agency for Palestinian Refugees, Hamas, Palestinian, Technology, Royal United Services Institute, Israeli Air, Attack Munitions, Pentagon, Maxar, Jabalia Battalion, Interior Ministry, European Union Locations: Gaza, Israel, Palestinian, Gaza ., Beach, Al, Jabalia, Rafah, Palestine, Israeli, London, JDAMs, Iraq, Afghanistan, Al Almey, Falouja, United States
After over three weeks of heavy air strikes, Israeli ground forces have entered Gaza. A map of the northern part of the Gaza Strip shows Israeli forces ground incursions at two places along the northern border and one place along the eastern border, just south of Gaza City. 3 Cutting off Gaza City from the southAlthough the military has refused to say exactly where troops are operating, images on social media appear to show Israeli tanks on the road south of Gaza City. This line may threaten Salah Ad Deen Road, the main transport artery that runs the length of the Gaza Strip. Cutting it off would effectively split Gaza in two and isolate Gaza City from the south.
Persons: ” Amos Yadlin, Erez, , Omri Attar, Ben Milch, Salah Ad Deen Organizations: Observers, Gaza, Israel, Hamas, Combat Engineering, Combat Engineering Corps Locations: Gaza, Gaza City, Israeli
The destruction of Gaza
  + stars: | 2023-10-20 | by ( Mariano Zafra | Prasanta Kumar Dutta | Aditi Bhandari | ) www.reuters.com   time to read: 1 min
In the two weeks since Hamas gunmen killed 1,400 people in an attack on Israeli communities near the Gaza Strip, Israel has responded with an intense bombardment that has killed at least 4,137 Palestinians and displaced more than a million. Muted videos of airstrikes and exploding buildings. Videos shared by the Israeli Air Force of claimed strikes against targets in Gaza
Organizations: Israeli Air Force Locations: Gaza, Israel
Water is running out in Gaza
  + stars: | 2023-10-16 | by ( Aditi Bhandari | Prasanta Kumar Dutta | Clare Trainor | ) www.reuters.com   time to read: +3 min
Following the deadly Hamas rampage across southern Israel on Oct. 7, which killed more than 1,300 people, Israel ordered an immediate cut-off of the country’s water supplies to the Gaza Strip. REUTERS/Ahmed ZakotOn Sunday, Israel’s energy minister said that a decision to renew water supplies to parts of southern Gaza was agreed on between Prime Minister Benjamin Netanyahu and U.S. President Joe Biden. On Monday, Hamas said that Israel had yet to resume water supplies for the Gaza Strip despite pledging to do so, while an Israeli official responded that some water was being provided to an area in the south of the enclave. Bar chart comparing the daily water consumption in litres per capita in Gaza and Israel. Map showing 3 desalination plants and 6 wastewater plants in the Gaza Strip.
Persons: Khan Younis, Ahmed Zakot, Benjamin Netanyahu, Joe Biden, Israel, Organizations: United Nations, REUTERS, U.S, Health, WHO, Palestinian Central Bureau of Statistics, Water, Palestinian Water Authority, Records, UNSCO Atlas, Sustainable, Resources, Israeli Information Center, Human Rights, World Bank Locations: Gaza, Israel, Sinai, Egypt, B’Tselem, Territories
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed likely to keep one additional interest rate hike in 2023 dot plot, analyst saysJamie Dutta, market analyst at Vantage, weighs in on the outlook for Federal Reserve monetary policy moves ahead of the central bank's upcoming interest rate decision.
Persons: Jamie Dutta Organizations: Federal Reserve
Buried under the bricks
  + stars: | 2023-09-15 | by ( Mariano Zafra | Aditi Bhandari | Dea Bankova | ) www.reuters.com   time to read: +2 min
A photo of the town of Adassil, Morocco, showing severe damage to many houses, which have collapsed after the earthquake. Almost a week after the most powerful earthquake to strike inside its borders since at least 1900, Morocco is still counting the dead. These traditional construction techniques are often praised for their ability to help regulate heat in the hot weather conditions of the region. With poverty levels high in the region, cost is often a driving factor, too. But the benefits of the earthen materials used to address local climate and economic conditions are also uniquely vulnerable to earthquakes.
Organizations: Locations: Adassil, Morocco, Marrakech
That is the smallest annual rise since February 2022 and reflects falls in the price of gas and electricity after an energy price cap, set by the energy regulator, was lowered at the end of June. “Although remaining high, food price inflation has also eased again, particularly for milk, bread and cereal,” said ONS deputy director of prices Matthew Corder. Food price inflation slowed to 14.9% in July, from 17.4% in June, with prices still rising strongly but less than in June. In less good news, services inflation accelerated last month to 7.4%, from 7.2% in June. “With labor costs being the bulk of the expense for services providers, the Bank of England may deem that more work has to be done to ensure that services price inflation is contained,” said Ellie Henderson, an economist at Investec in London.
Persons: , Matthew Corder, Ellie Henderson, Jamie Dutta Organizations: London CNN —, National Statistics, Bank of England, Investec, Financial Locations: , London
CNN —There may not be any lasting major negative ramifications from the surprise US credit rating downgrade by Fitch this week — not for the economy, not for consumers and not for the government’s ability to borrow. Normally, when your credit score as a consumer falls — or your credit rating as a country — there are negative consequences. Here’s why the United States is unlikely to see that kind of impact from the Fitch downgrade. The downgrade wasn’t a huge dropFitch cut its US credit rating to AA+ from what had been a sterling AAA rating. “Fitch’s credit rating is an expression of the probability of a default.
Persons: You’re, Fitch, , brinkmanship, Marc Goldwein, you’re, , Mark Zandi, Yellen, Jamie Dutta, Dutta, ” George Mateyo, ” Mateyo, ” José Torres, Torres, it’s, ” Torres, Uncle Sam, CRFB, – CNN’s Krystal Hur, Allison Morrow Organizations: CNN, Fitch, AAA, Committee, U.S . Treasury, Moody’s, AA, , Vantage, Key Private Bank, Federal Reserve, Interactive Brokers, Moody’s Investors Service, Treasury, Congressional, Social Security Locations: United States, States, corporates, United
It joins the Federal Reserve and other economists in casting recession concerns to the side. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. After much hemming and hawing from economists and Wall Street, Bank of America is the latest to revise its predictions — and says a severe economic downturn isn't likely. In doing so, BofA is joining a rising chorus saying that fears of a recession were unfounded. The most recent inflation data were quite encouraging."
Persons: hemming, hawing, Neil Dutta, Goldman Sachs, Jan Hatzius, Jerome Powell, Powell, Janet Yellen Organizations: of America, Federal Reserve, Service, Wall, Bank of America, Bloomberg, Federal, Market Committee, Fitch Locations: Wall, Silicon, American
Elon Musk is confused as hell by the economy. It feels like a recession is coming, but the details are hard to understand for the average person. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. No wonder we're all spending less time doing our jobs, we're too exhausted from trying to figure this all out. It's a confused-as-hell-cession, and Elon Musk has never been more relatable.
Persons: Elon Musk, you've, you'll, Neil Dutta, who's, It's Organizations: Service, Elon, York Life Investments, Macro Locations: Wall, Silicon
MUMBAI, July 21 (Reuters) - India's biggest cinema operator PVR Inox (PVRL.NS) is banking on Hollywood's "Oppenheimer", "Barbie" and unlimited popcorn to pack theatres after a string of Bollywood flops kept away those patrons who still favour going to the movies over streaming services. For the opening weekend, some theatres will also run an "Oppenheimer" movie marathon, with back-to-back shows over a 24 hour period. With 1,702 screens, PVR Inox is India's largest cinema operator. A PVR Inox staff member in Mumbai said several "Oppenheimer" shows - including the midnight and 7 a.m. screenings on Friday - were fully booked. India's online movie ticket booking service BookMyShow said this week 8% those who bought "Oppenheimer" tickets also booked to watch "Barbie", many on the same day.
Persons: Oppenheimer, Barbie, Gautam Dutta, Dutta, hasn't, BookMyShow, Dhwani Pandya, Aditya Kalra Organizations: Marvel, Netflix, Dhwani, Thomson Locations: MUMBAI, Mumbai
Total: 25