Tue, Nov 16, 2021 3:22 PM
Mensa Brands emerges as India’s fastest startup to turn unicorn
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U.S. stock index futures were mixed as investors awaited economic data and Fed comments. Despite concerns about the equity rally, Goldman Sachs raised its 2024 year-end target for the S&P 500 to 5,600, representing a 3.1% upside. Market pricing shows expectations of around two 25 basis point rate cuts this year, despite the Fed's recent hawkish projections.
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In the world of Bollywood, Kareena Kapoor Khan reigns as a queen with an iconic charm, and unparalleled talent. But, she is also carving a formidable presence in the startup ecosystem, with her business acumen as sharp as her cinematic instincts. Meet the new Bebo (a savyy investor), and her investment picks: ✨Sugar Cosmetics (strategic partnership), ✨Quench Botanics, ✨Pluckk. [📣ET, Tracxn]
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The Fed has updated its quarterly projections, raising its projections for core PCE inflation and headline PCE inflation for 2024 and 2025, which may lead to interest rates remaining elevated for longer. The Fed expects the federal funds rate to be 5.1% in 2024, 4.1% in 2025, and 3.1% in 2026. GDP growth is projected to remain at 2.1% in 2024, while unemployment is expected to rise to 4.2%.
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