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[ad_1] Staff writer | Add Follow September 29, 2023 at 6:00 a.m. EDT A band plays at Honky Tonk Central in Nashville, with nearby buildings reflected in the window. The Tennessee capital is known as Music City, a boast supported by data. (Matt McClain/The Washington Post) Comment on this story Comment America’s undisputed music capital is Tennessee, and it has been since the state bridging the musical hotbeds of Appalachia and the Mississippi Delta snatched the title from Nevada in the 1990s. And, of course, there’s exactly one reason for that: Nashville. The Music City metropolitan statistical area has twice as many working musicians, relative to the size of its workforce, as the runner-up, New Orleans, according to our analysis of Census Bureau data from 2012 to 2021. Nashville’s only real challenger lurks down at No. 3. Greater Los Angeles hosts twice as many working musicians, and may well have greater influence in genres outside country and Christian contemporary. But it’s a...

[ad_1] American clothing and accessories retailer American Eagle store seen in Hong Kong. (Photo by Budrul Chukrut/SOPA Images/LightRocket via Getty Images) Budrul Chukrut | Lightrocket | Getty Images Shares of American Eagle plummeted nearly 16% on Tuesday after the company issued a holiday forecast that failed to impress.  For its holiday quarter, American Eagle expects sales to be up high single digits, ahead of the 3.4% sales growth analysts had expected, according to LSEG. However, it's expecting its operating income to be between $105 million and $115 million, which is mostly below expectations of $114 million, according to StreetAccount. The forecast was dampened by an expected 20% uptick in selling and general administrative expenses, the company said.   The apparel retailer outperformed in its fiscal third quarter, however. Here's how the company did compared with what Wall Street was anticipating, based on a survey of analysts by LSEG, formerly known as Refiniti...

[ad_1] CEO Eric Hansotia of agriculture-machinery manufacturer Agco told CNBC's Jim Cramer on Friday that elevated grain prices — and the high cost of food — will persist, even if Russia's invasion of Ukraine ended tomorrow. Both Russia and Ukraine serve as major global grain suppliers, with the latter often referred to as the "breadbasket of Europe," and so when the war broke out in February 2022 it sent the world's food supply chain into turmoil . When Hansotia sat down with "Mad Money" last March , he told Cramer "13% of the global calories came out of production" when Russian and Ukraine borders shut down. Coupled with climate issues — namely droughts across Europe and North America — the food supply chain disaster spurred by the Russia's invasion is not likely to fade anytime soon, according to Hansotia. "Even if [the war] were to end tomorrow, there's a long-standing degradation in the ability for that area to grow cro...

[ad_1] The Pakistani rupee strengthened for the ninth consecutive session against the US dollar, appreciating 0.3% in the inter-bank market on Monday. As per the State Bank of Pakistan (SBP), the rupee settled at 295.95 after an increase of Re0.9 in the inter-bank market. During the previous week, the rupee appreciated nearly 2.1% across the five sessions to close at 296.85 against the US dollar in the inter-bank market. The currency closed positive on all five days, extending its winning run to eight successive sessions as momentum continued to favour the rupee. The change in fortune comes as authorities introduced reforms in the Exchange Companies’ sector and reportedly cracked down on smuggling, lending support to the currency markets.   [ad_2] Source link https://worldnews2023.com/business/pkr-continues-to-gain-ground-against-us-dollar-such-tv/?feed_id=327820&_unique_id=675df31d9b111

[ad_1] Passengers on a flight to Israel reacted angrily after a member of cabin crew made the announcement. [ad_2] Source link https://worldnews2023.com/business/ryanair-apologises-for-tel-aviv-in-palestine-flight-row/?feed_id=327791&_unique_id=675d9eee327d5

[ad_1] New Delhi:  The Two-wheeler industry is expected to sustain a steady volume growth rate of around 7 to 9 per cent in FY25, considering both domestic and export markets, a new report said on Monday. The growth in FY25 is expected to be driven by higher electric vehicle (EV) sales supported by the government's Electric Mobility Promotion Scheme (EMPS) 2024, according to the knowledge-based analytical group CareEdge Ratings. "Post-covid, sales volume of two-wheelers had consistently declined during FY20, FY21 & FY22 before starting to recover from FY23, with sales momentum continuing in FY24 as well," said Hardik Shah, Director at CareEdge Ratings. In FY23, the two-wheeler industry recorded sales of 19.51 million units, an 8 per cent growth compared to the previous fiscal year's 18.01 million units. In FY24, the industry continued its upward trajectory, achieving 9.8 per cent growth with a total sales volume of 21.43 million units. However, this ...

[ad_1] Regular wages grew at an annual pace of 7.7% between July and September, surpassing the rate of price rises. [ad_2] Source link https://worldnews2023.com/business/pay-rises-outstrip-inflation-by-most-for-two-years/?feed_id=327617&_unique_id=675ba4b487fef

[ad_1] New Delhi:  The country's per capita income is likely to grow by close to 70 per cent to $4,000 by fiscal 2030 from $2,450 in fiscal 2023, helping it become a middle-income economy with $6-trillion GDP, more than half of which will be coming in from household consumption, says a research report. Per capita income/GDP has risen from USD 460 in fiscal 2001 to USD 1,413 in fiscal 2011 and further to USD 2,150 in fiscal 2021. The biggest growth driver will be external trade which may nearly double to $2.1 trillion by 2030 from $1.2 trillion in fiscal 2023 when the GDP printed in at $3.5 trillion, Standard Chartered Bank said in a weekend report which assumes a 10 per cent nominal GDP growth annually from now on. According to the report, the second-biggest growth driver will be household consumption which is seen jumping to $3.4 trillion by fiscal 2030—which as big as the current size of the GDP—from $2.1 trillion in fiscal 2023. Household consumption is as much as 5...

[ad_1] Comment on this story Comment No matter how you slice it, $787.5 million is a lot of money. But the amount that Fox News agreed to pay Dominion Voting Systems to settle its defamation claims against the cable television giant shrinks a bit under scrutiny. First, Fox’s corporate parent has plenty of money available. At the end of last year, Fox Corp. reported holding more than $4 billion in cash on its balance sheet. Fox Chairman Rupert Murdoch could basically write a check and be done with it. Fox also may be able to split the tab with its insurance company. Corporations typically have policies that protect them against various losses. For media companies, that means coverage for defamation and libel penalties. A Fox spokesman declined to comment. Whatever financial hit Fox ultimately absorbs will also be deductible on its federal income tax return. Like the cost of makeup and hair spray for its prime-time anchors, payments in most courtroom settlements are regarded by th...

[ad_1] In this photo illustration, an insulin pen manufactured by the Novo Nordisk company is displayed on March 14, 2023 in Miami, Florida. Joe Raedle | Getty Images News | Getty Images The top executives of the three drug companies that control 90% of the global insulin market will testify May 10 before the Senate Health Committee on lowering prices of their diabetes drugs, panel Chairman Sen. Bernie Sanders said Friday. Those companies — Eli Lilly , Novo Nordisk and Sanofi — had announced in March that they will slash prices of their most widely used insulin products by 70% or more. related investing news Sanders on Friday called that move an important step forward that was the result of "public outrage and strong grassroots efforts." But the Vermont independent added that Congress must ensure that insulin, whose price has increased by more than 1,000% since 1996, is affordable for everyone. "We must make certain, however, that those price reductions go in...

[ad_1] Mumbai: Despite being an innovator and a category inventor across both food delivery and quick commerce, Swiggy has let its leadership slip away, Motilal Oswal Financial Services Ltd (MOFSL) said on Tuesday, as it initiated coverage with a 'Neutral' rating on the stock.  In a note, the leading brokerage wrote that tight execution and better leveraging its platform can fix these issues. Key downside risks for Swiggy are “inefficient management or being unable to scale dark stores as planned may impact quick commerce profitability and high user retention and acquisition costs”. Further risks cited by MOFSL are Swiggy’s limited ability to expand margins in food delivery and quick commerce businesses, which could delay valuation re-rating, and intense competition in food delivery, quick commerce, and out-of-home sectors, which challenges its market position. Swiggy’s, through its innovation DNA, has played a pivotal role in both food delivery and quick commerce...

[ad_1] In a significant move aimed at documenting the economy and curbing the outflow of foreign currency, Finance Minister Ishaq Dar in Budget 2023-24 announced the imposition of new tax measures. Finance wizard said the imposition of taxes on cash withdrawals plays a crucial role in documenting economic transactions. As part of this effort, the government has decided to impose a 0.6% tax on cash withdrawals exceeding Rs50,000. This step is expected to encourage individuals and businesses to shift towards electronic transactions and formal banking channels. Furthermore, in order to discourage the outflow of foreign currency through bank channels, the government has revised the withholding tax on Debit and Credit Card transactions. The existing withholding tax, previously set at 1%, has now been increased to 5%. This measure aims to discourage excessive use of foreign currency transactions and promote the use of local currency within the country. However, for non-filers, in...

[ad_1] Warmer seas and greater reliance on technology are linked to hundreds of millions of farmed salmon deaths. [ad_2] Source link https://worldnews2023.com/business/mass-die-offs-among-farmed-salmon-on-the-rise-around-the-world/?feed_id=327186&_unique_id=6756eb327926f

[ad_1] SHANGHAI : Tesla CEO Elon Musk was on a flight heading to Beijing on Sunday to kick off a surprise trip in the electric vehicle maker's second-biggest market, according to two people with knowledge of the matter. Musk is seeking to meet senior Chinese officials in Beijing to discuss the rollout of Full-Self Driving ( FSD ) software in China and to obtain approval to transfer data collected in the country abroad to train algorithms for its autonomous driving technologies, one of the people said. Tesla has since 2021 stored all data collected by its Chinese fleet in Shanghai as required by Chinese regulators and has not transferred any back to the United States. The US EV maker rolled out FSD, the most autonomous version of its Autopilot software, four years ago but has yet to make it available in China despite customers urging it to do so. Musk said this month Tesla may make FSD available to customers in China "very soon", in response to a query on social me...

[ad_1] The cost of living unexpectedly rises driven by sharp hikes in food prices, official figures show. [ad_2] Source link https://worldnews2023.com/business/veg-shortages-drive-surprise-jump-in-uk-inflation/?feed_id=327100&_unique_id=67560a541b3d5

[ad_1] Lawmakers are racing to beat fast-approaching government shutdown deadlines in March, but deep policy divisions may slow them down on everything from passenger rail funding to Internal Revenue Service resources to support for the World Health Organization. The big questions about total spending are settled already: House Speaker Mike Johnson (R-La.) and Senate Majority Leader Charles E. Schumer (D-N.Y.) reached a $1.66 trillion government funding deal in January, in line with a framework President Biden and then-Speaker Kevin McCarthy (R-Calif.) agreed to last spring. Late last month, negotiators also agreed to allocate spending limits for all 12 appropriations bills, or year-long spending legislation, for the rest of the 2024 fiscal year, which ends on Sept. 30. But the House and Senate remain bitterly divided on how to disburse some of that money. The Democratic-controlled Senate largely wrote its spending bills to adhere to Biden and McCarthy’s deal. The Republican-run H...

[ad_1] ZURICH : A parliamentary investigation into the collapse of Credit Suisse will keep its files closed for 50 years, according to a parliamentary committee document, a level of secrecy that has triggered concern among Swiss historians. The document means the investigating commission would hand over its files to the Swiss Federal Archives after a longer gap than the usual 30 years to ensure high levels of confidentiality apply to the investigation, which has generated huge public interest. The investigation will focus on the activities of the Swiss government, financial regulator and central bank in the run up to the emergency takeover of Credit Suisse by UBS in March. The investigation is only the fifth of its kind in the country's modern history and the committee of lawmakers conducting it has sweeping powers to call on the Swiss cabinet, finance ministry and other state bodies. "After the completion of the investigation, the files shall be handed over to the Fede...