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Washington - While it is widely believed that money can not buy love, a new study has suggested that it can buy you happiness but only up to a ‘sweet spot’ of 36,000 dollars GDP per person. A new analysis led by economists Eugenio Proto in the Centre for Competitive Advantage in the Global Economy at the University of Warwick and Aldo Rustichini, from University of MInnesota found that as expected, for the poorest countries life satisfaction rises as a country’s wealth increases as people are able to meet their basic needs. However, the new surprise finding is that once income reaches a certain level – around 36,000 dollars, adjusted for Purchasing Power Parity (PPP) - life satisfaction levels peaks, after which it appears to dip slightly in the very rich countries. The researchers found suggestive evidence that this happiness dip in the wealthiest countries is because more money creates higher aspirations, leading to disappointment and a drop in life satisfaction if those aspirations are not met. The study was published in journal PLOS ONE.
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Analysis: Kevin Warsh is keeping Wall Street guessing. It may be his most p...

Analysis: Kevin Warsh is keeping Wall Street guessing. It may be his most powerful tool. The new chairman made clear he leans toward higher interest rates, but left himself options depending on how the data comes in. This article was created based on information from various sources and rewritten... read more »

Should AI Decide Your Court Case? This J...

Should AI Decide Your Court Case? This Judge Says Yes

Should AI Decide Your Court Case? This Judge Says Yes One of Englands top judges, Geoffrey Vos, believes that AI could adjudicate plenty of civil cases. The question, he says, is where the line should be drawn. This article was created based on information from various sources and rewritten for... read more »

I Put a Bunch of AI Agents in Charge of ...

I Put a Bunch of AI Agents in Charge of a Fantasy Soccer Team. Theyre Not B...

I Put a Bunch of AI Agents in Charge of a Fantasy Soccer Team. Theyre Not Better Than HumansYet To experiment with AIs predictive skills, I let Codex loose on a fantasy team. It tried to bench Erling Haaland at first, but it soon learned the error of its ways. This article was created based on... read more »

Bessent says 'not necessarily'...

Bessent says 'not necessarily' a mistake if the Fed hikes again

Bessent says 'not necessarily' a mistake if the Fed hikes again Treasury Secretary Scott Bessent joined CNBC for an interview on Oct. 28, 2026. This article was created based on information from various sources and rewritten for clarity and... read more »

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Economy

Telecom department defers spectrum auction to Feb 3

Telecom department defers spectrum auction to Feb 3

New Delhi – The Department of Telecommunications (DoT) has extended the dates of auction of spectrum in 1,800 megahertz (MHz) and 900 MHz bands. The auction will now start on Feb 3, next year,... read more »

China to be world largest economy in 2028

China to be world largest economy in 2028

Beijing – China is expected to overtake the US in 2028 to become the world’s largest economy while India is predicted to overtake Japan... read more »

Sensex gains 136 points during pre-noon session

Sensex, Nifty surge most in 7 weeks on RBI hopes; rupee gains 0.6%

Mumbai – A benchmark index of Indian equities markets gained 136.33 points or 0.65 percent during the pre-noon trade Friday. Good buying was seen in IT,... read more »

Sensex closes flat, bank stocks gain

Asia shares lurch lower, China data darkens mood

Mumbai – A benchmark index of Indian equities markets closed Thursday’s trade 42 points or 0.20 percent up amidst derivatives expiry and buying... read more »

Sensex trades flat during pre-noon trade

Sensex trades flat during pre-noon trade

Mumbai – A benchmark index of Indian equities markets was trading flat at 47.43 points or 0.23 percent up during the pre-noon trade Thursday. All the... read more »

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Investing

Gold Monetisation Scheme Should Be Investor Friendly: Gitanjali E...

After the announcement of a gold monetisation scheme in the Budget, the details of the scheme are keenly awaited. The scheme has the potential to attract Rs. 1 lakh crore worth of gold deposits, says... read more »

Gold, silver rebound on marriage season demand, gl...

  Gold prices recovered by Rs 95 to Rs 27,285 per 10 grams at the bullion market on Thursday on emergence of buying by jewellers to meet wedding... read more »

Titan Company intimates on availability of credit for g...

Titan Company announced that the Company will be able to avail credit from domestic nominated banks for gold purchases without restrictions. This will also... read more »

Gold recovers on wedding season demand

Gold, silver prices rise on brisk buying, global cues

Gold prices on Monday recovered by Rs 70 to trade at Rs 27,700 per ten gram at the bullion market, largely supported by wedding season demand from jewellers... read more »

Gold demand up 2% in Dec quarter, down 15% in 2014

MUMBAI, FEB 12: Gold demand in the December quarter was up two per cent at 223 tonnes, largely due to pent up demand from jewellers during the festival season... read more »

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Gold & Metals

Gold demand drops 16% led by declines in India to China

London: Gold demand fell 16% in the second quarter, led by declines in India and China, the World Gold Council said. Global demand slipped to 963.8 tonnes from 1,148.3 tonnes a year earlier as... read more »

Gold price to remain range-bound

Gold price retreated on Saturday after scaling a monthly high of Rs.28,585 per 10 gram in Mumbai on Friday. The yellow metal reacted on unwinding by... read more »

Gold climbs Rs. 300 on seasonal buying, firming global ...

Gold, silver prices rise on brisk buying, global cues

Continuing its rising streak, gold prices flared up by Rs. 300 to Rs. 28,800 per ten gram in the national capital on Thursday on sustained buying by jewellers... read more »

Gold gains Rs. 110 on festive season demand, global cue...

Gold prices jumped by Rs. 110 to Rs. 28,500 per 10 grams in the national capital on Wednesday on festive season demand and positive global cues. Besides,... read more »

Gold prices recover marginally; silver remains higher

NEW DELHI: Gold prices witnessed a modest rebound of Rs 45 to Rs 28,245 after declining for two days at the bullion market here on Thursday following renewed... read more »

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