India Seeks Fast-Track EU Trade Deal Amid Trump Tariff Pressures
India is moving closer to sealing a free trade agreement (FTA) with the European Union, Commerce Minister Piyush Goyal said Tuesday, noting that around two-thirds of the deal’s chapters have…
Trump’s 50% Tariff on India Takes Effect as Modi Pushes Self-Reliance
A new round of U.S. tariffs targeting India came into force Wednesday, with President Donald Trump imposing a 50% duty on a wide range of goods. The penalties include a…
As Trump Slams Goldman, Economists Warn Tariff Hikes Will Fuel Inflation
Goldman Sachs has faced sharp criticism for warning that higher tariffs will soon lead to stronger consumer inflation. But across Wall Street, many economists share the same outlook. Investors reacted…
Bank of England Signals Deeper Rate Cuts Possible if Job Market Weakens
The Bank of England is ready to implement more substantial interest rate cuts if the job market demonstrates a significant deceleration, according to its governor, Andrew Bailey. In a recent…
US-Owned Company Seized to Feed Russia Now Plans to Supply China and North Korea
A U.S.-owned canned food company seized by Russia to safeguard domestic food supplies is now aiming to boost its declining sales through exports to China, North Korea, and other new…
China Partially Eases Ban on Japanese Seafood Imports
China has decided to lift its two-year ban on seafood imports from most regions of Japan, a restriction initially imposed over concerns about treated wastewater released from the Fukushima nuclear…
Mortgage Demand Falls Despite Lower Interest Rates
Mortgage applications to purchase a home declined 3% last week compared with the previous week, according to the Mortgage Bankers Association’s (MBA) seasonally adjusted index. Despite this weekly drop, application…
New Trustees’ Report Warns Social Security Retirement Fund May Run Out Within a Decade
The Social Security Board of Trustees released its annual report confirming that the trust fund responsible for paying retirement benefits is projected to be exhausted by 2033, unchanged from last…
New York Fed survey shows inflation concerns declined in May amid Trump’s tariff easing
Americans showed reduced fears about inflation in May, coinciding with President Donald Trump’s decision to pull back from some of his most severe tariff proposals. The New York Federal Reserve’s…
Russia cuts interest rates to 20% for the first time since 2022 as inflation cools
On Friday, Russia’s central bank lowered its key interest rate by 100 basis points to 20%, marking its first rate cut since September 2022. This move suggests that inflation pressures,…
JPMorgan CEO Jamie Dimon Warns Markets Are Too Complacent on Tariffs and Predicts S&P 500 Earnings Growth Will Collapse
Jamie Dimon, CEO and chairman of JPMorgan Chase, sounded alarm bells about the dangers to our financial markets. He offered these reflections at the bank’s annual investor day confab in…
Trump Factor Could Drive Gas Price Fluctuations This Summer, Analyst Warns
Gasoline prices might fluctuate a lot this summer. Roger McKnight, chief petroleum analyst with En-Pro International, explains that refinery capacities, factors in the market and geopolitics are essential drivers. That’s…
Indian Markets Remain Steady Amid Heightened Tensions with Pakistan
India’s recent military strike, which crossed multiple kilometers into territory controlled by Pakistan, has further aggravated tensions and threatens regional stability. Despite the growing acrimony, the Indian financial markets have…