{
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Moody’s Ratings forecasts a robust 7.2% growth for the Indian economy in 2024, driven by a rebound in household consumption and moderating inflation. The firm projects growth rates of 6.6% in 2025 and 6.5% in 2026, highlighting India's favorable macroeconomic position.
Moody’s Ratings projects India’s economy to grow at 7.2% in 2024, down from 7.7% in 2023, while inflation moderates. The agency highlights strong economic indicators, including expanding manufacturing and services, robust credit growth, and consumer optimism, signaling steady momentum.
Ben & Jerry's has filed a lawsuit against parent company Unilever, claiming it has been silenced over its support for Palestinian refugees and threatened with board dismantlement. The ice cream brand alleges Unilever breached a 2022 settlement by blocking its attempts to advocate for peace and human rights, while Unilever disputes these claims and emphasizes its commitment to all victims of the ongoing conflict. The tensions between the two companies have escalated since Ben & Jerry's decision to stop selling in the Israeli-occupied West Bank in 2021.
S&P 500 futures are flat as the market heads for a losing week, following a decline in major indexes after Federal Reserve Chairman Jerome Powell indicated no rush to cut interest rates. Applied Materials fell over 5% due to weak revenue guidance, while Domino’s Pizza surged more than 7% after Berkshire Hathaway's investment. Investors are awaiting key economic data on retail sales and industrial production, with Alibaba set to report earnings on Friday.
Moody’s Ratings has downgraded Mexico’s credit outlook from stable to negative, citing concerns that recent constitutional changes could harm the economy. The agency maintained Mexico’s rating at Baa2, two notches above junk, while highlighting challenges in fiscal consolidation due to worsening debt affordability and a projected wider deficit in 2024.
Berkshire Hathaway Inc. has acquired approximately 1.3 million shares in Domino’s Pizza, representing a 3.6% stake valued at around $550 million, as Chairman Warren Buffett reduced some long-held investments. The stock of both Domino’s and Pool Corp. surged in late New York trading following the announcement.
Warren Buffett's Berkshire Hathaway acquired over 1.2 million shares of Domino's Pizza, valued at approximately $550 million, while also taking a small stake in Pool Corp worth $152 million. The investment in Domino's follows disappointing sales growth, with shares rising over 8% post-announcement. Conversely, Berkshire nearly sold off its stake in Ulta, reducing its holdings by 97% after a lackluster performance.
Deflation has emerged in various sectors, with prices for physical goods like appliances, clothing, and new cars declining since October 2023. The consumer price index indicates a 1% drop in core goods, driven by normalized supply chains and a strong U.S. dollar. Energy prices, including gasoline, have also significantly decreased, contributing to lower costs in other areas, while food prices are influenced by unique supply-demand dynamics.
Ben & Jerry's has filed a lawsuit against parent company Unilever, claiming it has been silenced over its support for Palestinian refugees and other social issues. The ice cream brand alleges that Unilever breached a 2022 settlement by blocking its attempts to advocate for peace and human rights, while Unilever disputes these claims and emphasizes its commitment to all victims of the conflict. Tensions between the two have escalated since Ben & Jerry's decision to stop selling in the Israeli-occupied West Bank in 2021.
New York's upcoming art auction week, featuring Christie’s, Sotheby’s, and Phillips, aims to sell approximately $1.5 billion in art. The market's dynamics may be more influenced by sellers' confidence than by the number of bidders, as noted by Alex Rotter of Christie’s, highlighting a marketplace not driven by necessity.
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Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
India's economy poised for 7.2 percent growth in 2024 according to Moody's
12:59 15.11.2024
India's economy poised for strong growth amid moderating inflation, says Moody's
07:00 15.11.2024
ben and jerrys sues unilever over silencing stance on gaza conflict
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02:52 15.11.2024
s and p 500 futures remain flat as market shows signs of weakness
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00:02 15.11.2024
moody's lowers mexico's credit outlook amid constitutional changes and fiscal challenges
23:03 14.11.2024
berkshire hathaway invests in dominos pizza and pool corp shares
22:41 14.11.2024
Berkshire Hathaway invests in Domino's Pizza and Pool Corp while selling Ulta
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22:16 14.11.2024
deflation trends in the us economy as prices decline for household goods
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18:04 14.11.2024
ben and jerrys sues unilever over silencing stance on gaza conflict
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16:42 14.11.2024
new york art auction week showcases brave sellers in a shifting market
15:50 14.11.2024
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