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Economy
Stories and analysis from The Business Now newsroom.
Business
Why Leadership Changes Matter More Than AI Models: What Fidji Simo’s Transition Says About OpenAI’s Next Chapter
Why Leadership Changes Matter More Than AI Models: What Fidji Simo’s Transition Says About OpenAI’s Next Chapter Artificial intelligence companies are often judged by the models they release. But behind every major AI breakthrough is another story that receives far less attention: leadership. OpenAI announced that executive Fidji Simo will transition from her operational role...
Business
Canada Jobs Report, Fed Policy Report & ECOFIN Meetings: 5 Economic Events That Could Move Global Markets Today
Top Economic Events Today: Why Traders Worldwide Are Watching Canada, Europe, and the Federal Reserve Global financial markets are entering another high-impact trading session as investors prepare for several important economic events that could influence currencies, stocks, bonds, commodities, and central bank expectations. Today’s calendar is led by Canada’s Employment Report, ECOFIN Meetings in Europe,...
Economy
EPFO Interest Credit 2026: When Will the 8.25% EPF Interest Be Credited? Here’s Everything Employees Need to Know
EPFO Interest Credit 2026: When Will the 8.25% EPF Interest Be Credited? Here’s Everything Employees Need to Know Millions of salaried employees across India are eagerly waiting for one important update—the annual Employees’ Provident Fund (EPF) interest credit. The Employees’ Provident Fund Organisation (EPFO) has approved an annual interest rate of 8.25% for eligible EPF...
Business
PepsiCo (PEP) Earnings Preview: Can the Beverage Giant Beat Expectations Again? What Wall Street Is Watching
PepsiCo Earnings Preview: Can PEP Continue Its Winning Streak? PepsiCo (NASDAQ: PEP) is back in focus as investors await its next quarterly earnings report. While the official reporting date has yet to be confirmed, analysts expect another closely watched quarter for one of the world’s largest food and beverage companies. The current consensus projects earnings...
Business
Why AI Chip Stocks Are Powering the US Stock Market While Consumer Giants Struggle
Wall Street opened Thursday with cautious optimism, as investors continued rotating money into artificial intelligence and semiconductor companies while trimming exposure to slower-growth consumer businesses. The broader U.S. stock market traded modestly higher, supported primarily by technology shares. Although major indexes posted only limited gains, investor attention quickly shifted toward one standout performer—Lam Research, whose...
Economy
FII vs DII Activity Today (July 9, 2026): Domestic Investors Overpower Foreign Selling, Keeping Indian Markets Resilient
India’s stock market witnessed another interesting battle between foreign and domestic institutional investors on Thursday, July 9, as Foreign Institutional Investors (FIIs) continued their selling streak while Domestic Institutional Investors (DIIs) stepped in aggressively, helping support overall market sentiment. According to the latest market data: Investor Category Activity Foreign Institutional Investors (FIIs) Sold ₹532.86 Crore...
Business
Fed’s John Williams Warns AI Could Become the Next Inflation Risk: What It Means for the U.S. Economy
As artificial intelligence transforms industries across the globe, one of the Federal Reserve’s most influential policymakers believes the technology could become one of the biggest economic stories of the decade. John Williams, President of the Federal Reserve Bank of New York, recently said that artificial intelligence has become one of his primary concerns when thinking...
Business
SK Hynix Targets Higher US Offering Price as AI Chip Demand Fuels Investor Optimism
South Korean semiconductor giant SK Hynix is reportedly seeking to price its planned U.S. offering at approximately 3.1% above its latest closing price in South Korea, signaling strong confidence in investor demand and the continued momentum behind artificial intelligence (AI) infrastructure. The move comes as global semiconductor companies remain at the center of the AI...
Economy
US Dollar Holds Steady as Oil Stabilizes While Initial Jobless Claims Fall: What It Means for Markets Today
US Dollar Trades with a Softer Tone as Oil Prices Stabilize The US dollar remained under mild pressure during Thursday’s trading session as crude oil prices stabilized, reducing demand for traditional safe-haven assets. At the same time, fresh labor market data showed that US initial jobless claims declined by 2,000 to 215,000, signaling that the...