Consumer services

Merlin and JioSaavn finalize “enhanced” license agreement

Independent music mainstay Merlin has officially “extended and improved its existing music licensing partnership with JioSaavn”, one of the most popular music streaming platforms in India. Nine-year-old Merlin and 14-year-old JioSaavn recently unveiled their extended license agreement. The recently finalized pact “marks the first renewal between the two parties since …

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Underlying US consumer prices slow sharply in August

WASHINGTON (Reuters) – Underlying U.S. consumer prices rose at their slowest pace in six months in August, suggesting inflation was likely to peak, although it could remain elevated for a time in a context of persistent supply constraints. FILE PHOTO: Customers visit Macy’s flagship store in New York, New York, …

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Shares could fall 15% by the end of the year, Morgan Stanley warns. Here are some portfolio moves investors might want to consider.

Morgan Stanley’s optimistic outlook on the economy does not prevent it from warning of an impending correction in the US stock market. “The problem is that the markets are priced for perfection and vulnerable, especially since there hasn’t been a correction greater than 10% from the March 2020 low,” said …

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Latecomers in the Friday sector: energy, services

In Friday afternoon of trading, energy stocks were the worst performing sector, posting a loss of 0.7%. Within this group, Occidental Petroleum Corp (ticker: OXY) and NOV Inc (ticker: NOV) are two large lagging stocks, posting losses of 2.2% and 1.9%, respectively. Among energy ETFs, the next sector ETF is …

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