TikTok’s Chinese parent company ByteDance said Thursday that it has no plans to sell the social media platform, its first official response on the fraught issue since President Joe Biden signed a bill that could lead to a nationwide ban of the wildly popular app. “Foreign media reports that ByteDance…

Indian Rupee trades on a positive note on the weaker USD on Friday.  The uptick in INR is bolstered by interbank USD sales and easing Middle East tensions. The final reading of the US March Personal Consumption Expenditures Price Index (PCE) will be the highlight on Friday.  Indian Rupee (INR)…

POLITICS

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A coalition of Republican attorneys general from 17 states filed a lawsuit Thursday against the Equal Employment Opportunity Commission over a new rule that requires employers to provide abortion accommodations under the Pregnant Workers Fairness Act. The rule, finalized in mid-April, mandates that most employers offer “reasonable accommodations” to workers related to pregnancy or childbirth, including providing time off for an abortion. The EEOC said in the rule that it does not require employers to pay for an abortion or provide paid time off for the procedure. “Congress passed the bipartisan Pregnant Workers Fairness Act to protect mothers-to-be and promote…

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Investing

Alphabet, the parent company of Google, bounced back from an absolutely dreadful day for tech shares, as its stock surged Thursday after the closing bell. All it had to do was to hand out billions of dollars to investors. The tech giant announced its first quarterly cash dividend, saying it…