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Search resuls for: "Vishal Kapoor"


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Officially, the National Bureau of Economic Research defines a recession as "a significant decline in economic activity that is spread across the economy and lasts more than a few months." The last time that happened was early in 2020, when the economy came to an abrupt halt. Economists have wrestled with the growing disconnect between how the economy is doing and how people feel about their financial standing. We're in a 'vibecession'We're in a "vibecession," Joyce Chang, JPMorgan's chair of global research, said at the CNBC Financial Advisor Summit in May. "Everything looks great but when you look beneath the surface, the disparity between the wealthy and nonwealthy is widening dramatically."
Persons: Gene Goldman, Vishal Kapoor, Joyce Chang, JPMorgan's, that's, Chang, Goldman Organizations: Cetera Financial, National Bureau of Economic Research, CNBC, Summit Locations: El Segundo , California
Read previewWhile Wall Street cheers the country's economic momentum, outlooks among most Americans appear more gloomy, an Affirm survey reported. The payments company found that three in five Americans think the US is currently in a recession. Seven out of 10 Americans see today's inflation rate as a burden on their financial futures, limiting their ability to save and plan ahead. For its part, Wall Street has remained optimistic about the economy's trajectory, given that inflation has progressively come down from its pandemic highs. Although spending kept up enough to stall an official recession, Americans have gradually pulled back their buying.
Persons: , Vishal Kapoor Organizations: Service, Business, Product, Northwestern Mutual, Federal Reserve, of America Locations: U.S, Affirm's
India Budget 2023: Here's what the experts say
  + stars: | 2023-02-01 | by ( ) www.reuters.com   time to read: +13 min
"This budget, therefore, has rewritten the rules for financilisation of savings in India, which will induce expenditures rather incentivise savings. LAKSHMI IYER, CEO-INVESTMENT ADVISORY, KOTAK INVESTMENT ADVISORS LTD"India budget 2023 has offered a multi-dimensional view. The 3 Cs which stand out are - Capex increase - consumption boost - capital gains tax status quo. Additionally, the budget has provided significant direct tax benefits to individuals which will help increase disposable income and support spending. The budget keeps in mind the needs of future India while focusing on Artificial Intelligence and machine learning.
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