Month: February 2024

Indian Households’ Discretionary Spending Jumps

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🇮🇳 🇮🇳 India’s Average monthly per capita consumption expenditure in urban areas rose to an estimated 6,459 rupees ($78) in the survey conducted between August 2022-July 2023, from 2,630 rupees in 2011-12, according to the statistics ministry report released Saturday. In rural India in the same period, it climbed to an estimated 3,773 rupees from 1,430 rupees
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BofA: AI Is The “Magic Sauce”

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🇺🇸 🇺🇸 A rally in artificial intelligence stocks and optimism about economic growth at a time of easing monetary policy are the ingredients of a “magic sauce” to drive more gains in equity markets, according to Bank of America Corp.’s Michael Hartnett
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Dutch Central Bank’s Loss Increases Eightfold

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🇳🇱 🇳🇱 The Dutch central bank reported a nearly eightfold increase in its loss as interest-rates hikes hit its balance sheet. The loss rose to €3.5 billion ($3.8 billion) in 2023, from a loss of €460 million in the previous year
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UK Infant Formula Costs Surge

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🇬🇧 🥛 Formula costs continue to climb — a month’s worth now runs about £89 ($112) in the UK. While higher-end brands can go for as much as 70% more than the cheapest formulas, even the more affordable labels are becoming increasingly expensive. In the two years up to last autumn, formula prices rose 25% on average
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Samsung To Unveil Wearable Smart Ring

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🇰🇷 🇰🇷 Samsung Electronics Co. is planning to unveil its first wearable smart ring as part of its health lineup at the Mobile World Congress in Barcelona
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Trump Puts South Carolina Under His Belt

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🇺🇸 🇺🇸 Donald Trump wins the South Carolina GOP primary defeating Nikki Haley in her home state
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Tequila: A $20 Billion Industry

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🌵 🌵 Tequila is now a $20 billion industry. More than 650 million liters are produced per year. It recently eclipsed whiskey to become America’s No. 2 spirit and is expected to grab the No. 1 spot from vodka as soon as this year
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Berkshire Beats

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🚨 🚨 BREAKING: Berkshire Hathaway Q4 operating earning climb 28%, cash pile tops $167B
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Online Gambling: A $33 Billion Market

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🏈 🎰 This company has a 30% market share in online sports betting and its iGaming business has the top market share in the space
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