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Time of India
a day ago
- Business
- Time of India
Dollar slips against Euro but maintains weekly gains
The U.S. dollar slipped against the euro on Friday but held on to weekly gains, as investors weighed expected Federal Reserve policy amid signs that tariffs may be starting to increase some inflation pressures and as U.S. President Donald Trump continued to criticise Chair Jerome Powell. Data on Tuesday showed that consumer prices rose in June, though the increase was seen as moderate. Wednesday's producer price inflation report showed that prices were steady last month. Explore courses from Top Institutes in Select a Course Category Technology MBA Operations Management Artificial Intelligence Data Science Leadership Finance Project Management others Digital Marketing CXO healthcare Cybersecurity Degree Management Others Data Science Product Management Public Policy Design Thinking Data Analytics MCA Healthcare PGDM Skills you'll gain: Duration: 12 Weeks MIT xPRO CERT-MIT XPRO Building AI Prod India Starts on undefined Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like No one would believe how you can use plastic bottles at home! Story to Hear Undo Powell has said he expects inflation to rise this summer as a result of Trump's tariff policies. His comments have pushed out expectations of when the U.S. central bank is likely to cut interest rates . But the labor market is showing signs of weakness even as headline job gains and the unemployment rate remain relatively solid. "We're waiting on the tariffs to become real and not just a negotiating ploy and waiting on the labor market to reveal itself," said Lou Brien, strategist at DRW Trading in Chicago. Live Events "Layoffs are at a lower level than they were pre-pandemic, but the hiring is terrible. And if, all of a sudden, the layoffs come up, we're going to get a significant increase in the unemployment rate very quickly," Brien said. Fed governor Chris Waller said on Friday that he favors a rate cut at the July meeting because he feels tariffs are likely to have a limited impact on inflation. Waller added that underlying data "are not indicating a super healthy private sector labor market," and the Fed should "get ahead" of a possible hiring slowdown. Powell is facing almost daily criticism from Trump over the Fed's reluctance to cut rates. The dollar tumbled on Wednesday on reports that Trump was planning to fire the Fed Chair, but rebounded after Trump denied the reports. Powell's term will end in May. Chicago Fed President Austan Goolsbee said he is a "little wary" about signs in the June consumer price index that tariffs are pushing up goods inflation, but still believes the U.S. economy is in a good place and the Fed's policy rate can come down a "fair bit" over the next 12 months. Fed funds futures traders are pricing in 46 basis points of cuts by year-end, implying that two 25 basis point cuts are seen as most likely, with the first coming in September. The dollar index was roughly flat on the day at 98.49, and is on track for a 0.65% weekly gain. The euro was last up 0.22% at $1.1621 but is headed for a weekly drop of 0.59%. The euro pared gains after the Financial Times reported that Trump is pushing for a minimum tariff of 15% to 20% in any deal with the European Union. Sterling was flat at $1.3411 and is heading for a weekly decline of 0.64%. The Japanese yen was slightly lower against the greenback heading into Sunday's upper house election, in which Japan's ruling party looks vulnerable. The dollar gained 0.1% to 148.75 yen and is on track for a weekly gain of 0.93%. Polls suggest Japan's ruling coalition is at risk of losing its majority, which would stir policy uncertainty at home and complicate tariff negotiations with the United States. U.S. Treasury Secretary Scott Bessent told Japanese Prime Minister Shigeru Ishiba that their countries can reach a "good agreement" on tariffs, Ishiba said on Friday after meeting Bessent in Tokyo. In cryptocurrencies, bitcoin fell 1.51% to $117,680, holding below a record $123,153 reached on Monday. The U.S. House of Representatives on Thursday passed a bill to create a regulatory framework for U.S.-dollar-pegged cryptocurrency tokens known as stablecoins, sending the bill to Trump, who is expected to sign it into law.
Time of India
2 days ago
- Entertainment
- Time of India
Zee to launch two new channels, expands regional focus
Zee Entertainment Enterprises Ltd (ZEEL) has announced the launch of two new regional channels, Zee Power and Zee BanglaSonar , as part of its broader brand transformation initiative titled 'Z' What's Next. The new launches are aimed at addressing changing audience preferences across regional markets, with both channels set to go on air next month. 'Z' What's Next also marks the unveiling of Zee's refreshed brand identity and the introduction of its new positioning statement, 'Yours Truly, Z.' The initiative is designed to serve as a recurring platform to showcase Zee's developments in content creation , technology integration, and storytelling formats. Explore courses from Top Institutes in Select a Course Category Technology Design Thinking MCA Leadership Data Science others Degree Others CXO Healthcare MBA Artificial Intelligence Data Analytics Public Policy healthcare Product Management PGDM Management Finance Data Science Project Management Digital Marketing Skills you'll gain: Duration: 12 Weeks MIT xPRO CERT-MIT XPRO Building AI Prod India Starts on undefined Get Details Zee Power is a Kannada-language hybrid channel that will focus on younger, semi-urban viewers in Karnataka. According to the company, the programming will feature five fiction shows, a daily non-fiction offering, movie slots, and select World Television Premieres. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Ranked: The Most Stunning Underrated Coastal Getaways in Europe Learn More Undo 'As market leaders in Karnataka, a region with 99% TV penetration, Zee has a deep understanding of audience sentiment and their cultural nuances. We realise Kannada viewers are not homogeneous today, and differentiated content preferences are emerging, leaving a clear 'white space' for progressive, high-intensity narratives. Echoing viewer needs, we've developed a robust dual-channel strategy with Zee Kannada continuing to cater to our core family audience, while Zee Power captures a different beat with sharper, grittier, and more contemporary content lens. For us, Zee Power is not merely expanding our regional footprint, it is our way of redefining the landscape of Kannada television,' said Siju Prabhakaran, Chief Cluster Officer – South and West, ZEEL. The second launch, Zee BanglaSonar, is a Bengali-language hybrid channel catering to viewers across West Bengal and beyond. The channel will offer a mix of fiction, non-fiction, and movies, with content specifically curated to include male audiences, a demographic Zee sees as under-served in the region. Live Events 'West Bengal is a burgeoning TV market specially in the Bengali General Entertainment Category. It is ready for innovation and a fresh take on entertainment. Zee BanglaSonar launch has been strategically envisioned to complement our flagship channel Zee Bangla by catering to evolving and diverse audience base through differential content offerings. Zee BanglaSonar is being strategically launched, not only with a diverse programming slate, but also with content curated for the male audience. With the launch of Zee BanglaSonar we are about to unlock untapped potential through engaging storytelling that is rooted in tradition and relatable across our fiction, non-fiction and movies, delivering a truly differentiated experience,' said Samrat Ghosh, Chief Cluster Officer – East, North & Premium Cluster, ZEEL. The two new channels are part of Zee's broader effort to expand its presence in India's language-driven entertainment market. Zee currently operates 50 channels across 11 languages and reaches 208 million households. 'With 'Z' Whats Next, we are reimaging entertainment through the lens of culture, creativity and technology. The 'Z' brand continues to stand as a cultural cornerstone for Bharat. It's a brand that evolves with its audiences while staying anchored in their realities, dreams and aspirations. The launch of Zee Power and Zee BanglaSonar further symbolises this vision, highlighting our conviction in the strength of Language markets and our commitment to delivering future-forward content that resonates deeply, reflects the pulse of a changing India,' said Kartik Mahadev, Chief Marketing Officer, ZEEL.
Time of India
2 days ago
- Business
- Time of India
Musk unleashes AI Grok and X storm to expose Epstein secrets after Trump blocks release of new files
Elon Musk has launched a wave of online criticism against President Donald Trump, targeting the administration's handling of the Jeffrey Epstein files . The tech billionaire flooded his social media platform, X, with over 35 posts and reposts criticizing the Trump administration 's handling of Epstein files since Wednesday, July 16. Musk's attacks come just weeks after stepping down as head of the Department of Government Efficiency (DOGE), a position he held under the Trump administration. His posts accuse Trump of hiding key information related to Epstein, the convicted sex offender who died in jail in 2019. Explore courses from Top Institutes in Select a Course Category Technology PGDM Data Science Data Science Artificial Intelligence Others Degree Healthcare Leadership Product Management Digital Marketing others MCA Design Thinking Public Policy Cybersecurity CXO Project Management Finance Management healthcare Data Analytics Operations Management MBA Skills you'll gain: Duration: 12 Weeks MIT xPRO CERT-MIT XPRO Building AI Prod India Starts on undefined Get Details Also Read: Who was Felix Baumgartner, the skydiver who broke the sound barrier, and what caused his sudden death in Italy? by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Victoria Principal Is Almost 75, See Her Now Reportingly Undo The 'Epstein files' refer to court documents, investigation records, flight logs, and other materials linked to the late financier Jeffrey Epstein. Live Events These documents are believed to contain the names of people associated with Epstein, including those who may have flown on his private jets or visited his properties. While some documents have been released over the years, many remain sealed or heavily redacted, sparking public demands for full disclosure. What sparked Musk's X outburst? The controversy began when the Trump administration announced last week (July 9) it would not release further documents connected to the Epstein case, despite earlier promises to do so. The decision angered many Trump supporters, including Musk, who called the move "a cover-up." He posted on X: 'So many powerful people want that list suppressed,' referring to public calls for the release of Epstein's flight logs and alleged client names. Musk uses Grok to question Trump In several posts, Musk even turned to X's in-house AI chatbot, Grok, to ask about the Epstein files. Grok responded that the Department of Justice (DOJ) and the Federal Aviation Administration (FAA) hold extensive flight logs from Epstein's private jets. Musk also reposted an image of White House binders labeled 'Epstein files: Phase 1' that had been distributed to influencers earlier this year, asking: 'Where is Phase 2?' Trump-Musk relationship Musk, once a top donor to Trump's 2024 campaign, had played a major role in the administration's cost-cutting reforms before resigning in May. Their relationship has soured in recent weeks, marked by public exchanges on X. Trump, responding to Musk's criticism, wrote on his own platform earlier that Musk had gone 'off the rails' and described the billionaire as a 'train wreck.' White House responds Asked about Musk's posts during a press briefing, White House Press Secretary Karoline Leavitt said the president remains in contact with many voices, including supporters and critics. However, she reaffirmed confidence in Trump's leadership, calling on Americans to "trust in President Trump."
Time of India
3 days ago
- Business
- Time of India
Flip phones turn out to be a flop
New Delhi: It flips, it folds, and now it flops. Foldable smartphones-hailed as the future of mobile handsets when they debuted seven years ago-are now seeing their sales charts do some folding of their own. Despite multiple iterations and a drop in the average selling price (ASP), foldable smartphone shipments in India fell 47% year-on-year in 2024, when they accounted for less than 0.5% of the overall market, according to IDC. Explore courses from Top Institutes in Select a Course Category Technology Finance Leadership Data Science healthcare CXO Design Thinking Cybersecurity Digital Marketing PGDM Product Management others MCA Others Project Management Public Policy Degree Data Science Healthcare Operations Management MBA Artificial Intelligence Data Analytics Management Skills you'll gain: Duration: 12 Weeks MIT xPRO CERT-MIT XPRO Building AI Prod India Starts on undefined Get Details This was followed by another 20% dip in the first quarter of 2025, as per the market research firm that tracks shipments from manufacturers to distributors and retailers. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo Counterpoint Research, which tracks retail sales to consumers, reported a 12% on-year decline in 2024, and a sharper 36% fall in the quarter ended March. Analysts expect foldables to remain a niche segment for the foreseeable future as consumers largely consider the devices fragile, pricey-notwithstanding recent price cuts-and lacking attractive use-cases. Live Events "Despite all the attention new foldable devices receive, they are still too expensive for mass-market appeal," said Jan Stryjak, associate director at Counterpoint Research. "Further, most consumers are still not sure what a foldable phone is for, and may still have concerns about the durability and longevity of the devices." IDC expects foldable shipments to decline by over 10% on-year in 2025. Counterpoint is more optimistic, forecasting a turnaround with about 20% growth this calendar year, driven by Samsung's latest foldables and fresh launches from Vivo and Motorola. Yet, the segment is expected to remain niche with sales of under 800,000 units in 2025, said Shubham Singh, analyst at Counterpoint. According to the researcher, India's smartphone sales reached 153 million units in 2024. India is not an outlier. Even in developed markets like Europe and the US, foldable smartphone shipments have remained flattish, despite increased competition driving prices downwards, according to multiple analysts. For overall global shipments of foldables, Counterpoint Research has forecasted a single digit degrowth in 2025, after 2.9% YoY growth in 2024. However, the segment remains aspirational, and brands continue to launch new models as a showcase of their engineering prowess, experts said. "Moving into their seventh year as a commercial category, foldables are no longer emerging," said Runar Bjorhovde, senior analyst at market analysis firm Canalys.
Time of India
4 days ago
- Entertainment
- Time of India
Wedding bells on the card? Selena Gomez and Benny Blanco to marry in California in September: Here's what we know
It feels like yesterday when Selena Gomez took over the internet by flexing a giant rock on her finger to announce her engagement with Benny Blanco. And now reports are doing the rounds that this madly in love couple is all set to take the next step in their relationship. Reportedly, Selena Gomez and Benny Blanco have decided to take the big leap of faith and tie the knot in holy matrimony. Selena Gomez and Benny Blanco's wedding invite Though the couple hasn't made any official public announcement regarding the dates, according to The Daily Mail, Selena Gomez and Benny Blanco will have an intimate ceremony, which will include a two-day wedding celebration in California this September. The report further states that the couple has already sent out invites via email. According to the invite, the guests have been asked to carry overnight bags, hinting at a weekend-long celebration in Montecito. 'Selena and Benny's wedding is going to be a two-day event in Montecito in September. Everyone invited has been asked to bring overnight bags to stay for the weekend," says the report. Further, as confirmed by a source, late summer is considered the perfect season for Selena since she will have completed her work obligations and can completely immerse herself in the festivities. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like An engineer reveals: One simple trick to get internet without a subscription Techno Mag Learn More Undo The guest list While the official guest list is still confidential, it has been suggested that attendees will likely include major celebrities such as Taylor Swift and her partner Travis Kelce, as well as Gomez's co-stars from 'Only Murders' in the Building and friends from Benny Blanco's music scene. Selena Gomez and Benny Blanco In 2023, Selena and Benny made their relationship public. Since then, they have been giving strong couple goals to lovebirds around the world. A year later, in December 2024, the couple got engaged, and Selena didn't keep it calm with her diamond ring, which shone on every social media page and platform. Sources earlier revealed that Selena has always felt safe and grounded with Benny and dreams of being married to him for life.
