Business News

Mexico’s president lashed out Friday at Moody’s ratings service, after it downgraded the Mexican government’s debt outlook to “negative.” Moody’s said it had downgraded the government’s debt outlook from “stable” to “negative” because newly approved laws in Mexico could weaken the judiciary branch and checks and balances. It reaffirmed Mexico’s Baa2 overall credit rating, but said increased … Read more

Moody’s Ratings predicted a 7.2 percent GDP growth for India in 2024, highlighting that the country is in an advantageous economic position. However, it cautioned that inflation risks could lead the Reserve Bank of India (RBI) to maintain a relatively tight monetary policy in the near term.  From a macroeconomic standpoint, Moody’s sees India in … Read more

Bloom Energy (NYSE: BE) investors are having a terrific Friday, as shares of the renewable energy company surged 47.8% through 10:30 a.m. ET. Last night, Bloom Energy announced a deal to supply up to 1 gigawatt’s-worth of fuel cells to electric utility American Electric Power (NASDAQ: AEP). Start Your Mornings Smarter! Wake up with Breakfast news … Read more

Short sellers boosted their bets against the S&P 500 industrial sector stocks in October, with S&P 500 sector’s stock losing nearly 1.2% during the month. As of September’s end, the average short interest rate in S&P 500 industrials was 2.15%, up 8 bps

 ‘Barron’s Roundtable’ associate editor Andrew Bary discusses demand in the food industry. A judge denied Kraft Heinz’s efforts to dismiss a proposed nationwide class action lawsuit over allegations that its products, marketed as free from preservatives, contain ingredients that contradict its labels. On Wednesday, Judge Mary M. Rowland ruled that the company must face the … Read more

Investing.com — In a note to clients Friday, Jefferies analysts outlined the potential impact of increased tariffs on Apple (NASDAQ:)’s iPhone if former President Donald Trump reintroduces higher trade barriers during a possible second term. While Apple has made efforts to diversify its production beyond China, the firm said the company remains heavily reliant on the … Read more

Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. German Chancellor Olaf Scholz has spoken to Russian President Vladimir Putin for the first time in nearly two years, as western powers position for the return of a Trump administration that has made ending … Read more

Good morning! Tapestry and Capri call off their merger, 1.25 million new users turn to Bluesky, and a CEO evolved with her $49 billion company. Have a peaceful weekend. – Climate change. Estelle Brachlianoff is one of the most influential female CEOs in Europe. Her $49 billion company, Veolia, is ranked No. 77 on the … Read more

The joint venture between Reliance Industries and Disney, apart from creating an entertainment behemoth, places it in very strong position on various fronts. In terms of numbers, the transaction values the joint venture at Rs 70,352 crore (around $8.5 billion). In an exclusive interview with Business Today, Uday Shankar, Vice-Chairperson of the joint venture and … Read more

WASHINGTON (Reuters) – U.S. retail sales increased slightly more than expected in October, but underlying momentum in consumer spending appeared to slow at the start of the fourth quarter. Retail sales rose 0.4% last month after an upwardly revised 0.8% advance in September, the Commerce Department’s Census Bureau said on Friday. Economists polled by Reuters … Read more