US consumers have largely been 'inactive' in the economy. While consumer spending has recently improved, the overall economy has been plagued by high prices and shifts in shopping preferences.

Bleak consumer sentiment in the US meets 4th of July celebrations

A federal judge in Texas on Friday temporarily blocked a new Biden administration rule that would extend the requirement for overtime pay to 4 million salaried US workers.

Federal judge halts Biden administration's rule on overtime pay

Global markets witnessed a lot of turbulence heading to this year. Geopolitical tensions and inflation concerns were at their peak. Cut to 6 months later, and the global markets have witnessed record highs.

Global markets roundup: Tech rally leads global markets in 2024

In a major development for millions of merchants, a federal judge has indicated that Visa and Mastercard could be on the hook for a far larger settlement than the $30 billion accord she just rejected.

Visa and Mastercard face potentially higher settlement in swipe fee dispute

Meta, the parent firm of Facebook, will not rule out blocking news content in Australia should the government slap licensing fees. The regional policy director at Meta, Mia Garlick, gave testimony to this end at a parliamentary hearing on Friday.

Meta's bold move: news blackout looms over Australia's licensing fee standoff

The China-European Union trade war is moving beyond EV and Pork probes. In the latest, the European Commission is raising concerns over its chipmakers staring at substantial losses in China.

European chipmakers fear losing market share in China

Records, records and more records. That is the story of Indian stocks this month. After breaching multiple key milestones this week, Indian shares hit fresh all-time highs early on Friday.

Indian stocks rally: Sensex eyes 80,000 points

Shares of Insurance Australia Group Ltd. surged as much as 9 per cent on Friday after securing reinsurance protection from a unit of Berkshire Hathaway and Canada Life Reinsurance to shield itself from swings in financial markets for five years.

Reinsurance bonanza: IAG soars with Berkshire Hathaway & Canada Life agreements

Rain AI has tapped an erstwhile high-placed executive at Apple to steer the company's energy-efficient AI chip development plans. Jean-Didier Allegrucci was behind overseeing the development of processors that allowed iPhones and Macs to work independently of Intel Corp.

Sam Altman backed Rain AI lands top Apple chip executive to propel energy-efficient AI chip development

Billionaire Warren Buffett, the biggest investor in the world, has pledged another one of his Berkshire Hathaway stocks to five charities. The announcement was made on Friday as part of a series of annual donations aimed at reducing poverty.

Warren Buffett donates record $5.3 billion to charities

The Reserve Bank of India's half-yearly report for risk assessment in the financial sector presents a collective assessment of the stability of the global & India's financial system.

RBI's Financial Stability Report: India's assessment of the global economy

Britain's economy bounced back from recession faster than initially reported in the first quarter of this year, according to revised data from the Office for National Statistics (ONS) released on Friday.

UK economy exits recession faster than expected, faces election challenges

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Zee News Rajasthan

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