labour market data

Tech stocks, particularly semiconductors, experienced a significant downturn Friday, driven by investor caution over AI valuations and robust US jobs data. The PHLX Semiconductor Index saw its steepest drop since March 2020, erasing billions in market value. This retreat follows a period of record highs, with strong employment figures fueling concerns about interest rate cuts.

Indian markets reacted to global cues as US stocks tumbled, led by tech giants like Nvidia, following a robust jobs report dampening interest rate cut hopes. Rising oil prices, fueled by Middle East tensions, also contributed to investor caution. Asian markets mirrored the downturn, with South Korea's Kospi seeing a significant drop.

Indian markets saw a mixed trend. Wall Street's record rally paused on Tuesday. Alphabet's shares dropped significantly after the Google parent announced plans to raise capital for its artificial intelligence investments. Other tech companies like Hewlett Packard Enterprise and Broadcom saw gains. Oil prices eased slightly. Bond markets remained stable ahead of US labor data.

A new Indeed survey highlights the growing difficulties facing India's young jobseekers, with many struggling to secure their first job despite holding qualifications. As employers increasingly seek prior experience for entry-level roles and application responses remain scarce, the findings raise important questions about changing hiring trends, workforce readiness and the future of early-career employment in India.

The rupee weakened by 40 paise to 95.76 against the US dollar due to proposed US tariffs, rising crude oil prices, and foreign fund outflows. Escalating geopolitical tensions in West Asia also contributed to the decline, impacting investor sentiment. Market participants now await the Reserve Bank of India's policy decision for further cues.

3,312 seats also increased in industrial training institutes

British public confidence in university degrees is waning significantly. Soaring costs, mounting student debt, and job market uncertainties, amplified by AI fears, are making people question the value of higher education. While universities defend their role in economic growth, a growing number now doubt if a degree truly pays off.

Gold prices face a mixed outlook this week, influenced by US-Iran peace talks, oil market shifts, and crucial US economic data. Federal Reserve officials' speeches will also guide interest rate expectations, impacting bullion's near-term trajectory. Analysts suggest a sideways to corrective momentum for precious metals, with progress in peace discussions potentially easing safe-haven demand.

A weak rupee offers an immediate advantage to domestic manufacturers and exporters but won’t act as a magic wand

AMD CEO Lisa Su advised graduates entering the AI-driven job market to prioritize purpose, judgment, and problem-solving over simply learning AI tools. She emphasized that employers need individuals who can determine AI's application, not just operate the technology. Su highlighted that human judgment remains crucial for deciding which problems are worth solving and taking responsibility for outcomes.

The Indian diaspora story has for long been celebrated for its CEOs at Microsoft, Google, IBM, Adobe and other global companies. The new story is about the Indian-American founders creating the next set of giants themselves.

Anthropic CEO Dario Amodei has shifted from just warning about AI-driven job losses to insisting the policy response to them is a bipartisan necessity. Speaking to WSJ at Davos, the man behind Claude said "ideology will not survive the nature of this technology." His comments arrive as Anthropic chases a reported $900 billion IPO valuation and as rivals like Demis Hassabis and Yann LeCun openly question his doomsday framing.

CRISIL Intelligence Report Warns That Export-Oriented And Energy-Intensive Clusters Stand The Most Exposed. Rising Input Costs, Shipping Disruptions Rising From The West Asia Conflict Threaten To Shrink Revenues Already Stressed Amid Weak Demand

Genpact is transforming BPO to AI-driven autonomous operations, with nearly half its business now AI-infused. This shift focuses on delivering outcomes like touchless invoice processing, moving beyond labor arbitrage. Roles are evolving, with domain experts working alongside AI agents, redefining jobs and driving efficiency.

Says Workers Are Driving Force Of Devpt, Govt Committed To Their Welfare

Canada's economy unexpectedly contracted by 0.1% in the first quarter, marking two consecutive quarters of decline and sparking debate over a technical recession. Prolonged U.S. tariff uncertainty and geopolitical headwinds have impacted business investment and driven up domestic prices, though some economists dispute the recession label due to a lack of widespread weakness.

Indian markets mirrored global trends as US stocks dipped, pressured by rising oil prices and Treasury yields, despite Nvidia's stellar earnings. While AI enthusiasm cooled, a resilient US economy and strong export data from Japan offered some bright spots. However, concerns over geopolitical tensions and inflation persisted, impacting investor sentiment.

A recent USCIS announcement sparked panic by suggesting temporary US residents must return home for Green Card applications, except in extraordinary cases. While the administration later clarified it was a reminder of existing discretion, the episode has created significant uncertainty around the Adjustment of Status process, impacting many immigrants and businesses.

Heatwave intensifies; 125 mandals cross 44°C in state

Pope Leo XIV and Prime Minister Modi share a striking alignment on AI governance, emphasizing human-centric development over technological dominance. Both leaders advocate for ethical frameworks, inclusivity, and ensuring AI serves humanity's welfare, not its reduction to data or profit. Their shared vision underscores a growing global consensus for accountable AI.

Indians make up just 9% of Singapore’s resident population, and many have long been part of its middle-class, English-speaking mainstream. So why are racist posts trying to paint them as a sudden threat?

Escalating tensions in the Strait of Hormuz have triggered a surge in US fuel prices, pushing inflation to a three-year high and eroding wage gains. While the US economy has shown resilience with steady consumer spending and job growth, persistent inflation threatens household budgets and consumer sentiment, with higher bond yields signaling deeper economic worries.

Generative software is reducing entry-level roles, causing anxiety for young professionals. While some fear job collapse, leaders like Goldman Sachs CEO David Solomon believe automation will free workers for complex tasks, leading to an evolutionary leap. However, critics warn of a trap if automation only replaces jobs without creating new value, potentially leading to lower participation and meaningless roles.