Economy Financial News

Barrons senior writer Megan Leonhardt reacts to the U.S. economy adding 818,000 fewer jobs than initially reported on 'Cavuto: Coast to Coast.'

Vietnamese state media say the second trial for real estate tycoon Truong My Lan — who was sentenced to death for financial fraud in April — started on Thursday

The U.S. Federal Reserve’s 50-basis-point interest rate cut on Wednesday is set to have ripple effects north of the border, with experts pointing to implications for both the Bank of Canada and Canadian mortgage holders.

US Federal Reserve's half-a-point interest rate cut on Wednesday — the first cut in four years — in their stride on expectations that 'Fedhead' Jerome Powell is front-loading the downcycle. This is the less scary scenario over the US tipping into a recession, and investors seem quite comfortable with it. But the rate action may not have played through yet.

Subscribe to enjoy similar stories. The Federal Reserve famously guided the economy to a soft landing in 1995, paving the way for the economic boom that followed. Can it do so again? With Wednesday’s sizable rate cut, it is off to a good start.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

John Chambers, who heads the India US Strategic Partnership Forum and is Chairman Emeritus of CISCO is highly optimistic about the future of the Indian economy, the current share market situation and the growth of innovation in the country. In an interview with ET, Chambers discusses the upcoming US elections, PM Modi’s third term and prospects of Indian and US companies working together in the coming years.

US elections which need to be addresses at the earliest.

Rob Kennedy tried something different after a 40-year career in Ontario’s auto sector: he headed back to the classroom.

The Bank of Canada is carefully weighing both upside and downside risks to the economy as it attempts to calibrate the pace of interest rate cuts, according to a summary of its deliberations released on Wednesday.

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

Markets in Europe and Asia have shot higher after the Federal Reserve kicked off its efforts to prevent a recession in the U.S. with a bigger-than-usual cut to interest rates

Subscribe to enjoy similar stories. The Bank of England left its key interest rate unchanged Thursday, taking a more cautious approach than the Federal Reserve in loosening the restraints it imposed on the economy to tame inflation. While it opted to stand pat, the U.K.’s central bank said that it is likely to follow up on an August cut over coming months in anticipation of a decline in inflation to its 2% target late next year, but also said it is concerned by the still-rapid pace at which services prices and wages are rising.

Subscribe to enjoy similar stories. In a bold move, the US Federal Reserve kick-started its monetary policy easing cycle with a 50 basis point (bps) interest rate cut, bringing the Fed funds target range to 4.75-5%. The market was widely anticipating a 25 bps rate cut (one basis point is 0.01%).

Sri Lankans who usually vote along religious and ethnic lines will be keeping another factor in mind when they vote Saturday on a new president

The Fed's move comes on the back of growing confidence in US economic data and after annual inflation dropped to 2.5% in August, beating market expectations. Eleven members of the Federal Open Market Committee (FOMC) voted in favour of the 0.5 percentage point cut, with one member, Michelle Bowman, opting instead for a quarter-point reduction. The cut was also the largest taken by Fed policymakers since 2020, when the Covid-10 pandemic struck. Fed rate cut a 'near certainty' as US inflation drops to 2.5% beating expectations In his speech on Wednesday (18 September), Fed chair J...

The Claman Countdown panelists Gabriela Santos and Kenny Polcari analyze the impact of the Federal Reserve rate cut move.

Vinod Karki, Equity Strategist,ICICI Securities, says some growth concerns are seen on the defensive side. Cyclicals are growing faster, and there are growth concerns in the IT sector and a lot of concerns on the agri-rural economy. This year, we had a massive heatwave and now a lot of rainfall. The temporal and spatial distribution has been pretty uneven, and so the outlook is not looking that good. IT services and consumption have seen growth issues overall. The valuation is at a record high. So, even though the cyclicals are expensive, there might be some shifts there. On Thursday, the Supreme Court rejected telecom firms' pleas to recalculate adjusted gross revenues (AGRs) amid ongoing disputes over government dues. Vodafone India, Bharti Airtel, and others argued that the Department of Telecommunications erred in calculating license fees and spectrum charges. This particular news development coming in, is not too positive for Vodafone Idea or the telecom space as a whole. Do you have a view on the telecom space?

The Fed's move comes on the back of growing confidence in US economic data and after annual inflation dropped to 2.5% in August, beating market expectations. Eleven members of the Federal Open Market Committee (FOMC) voted in favour of the 0.5% cut, with one member, Michelle Bowman, opting instead for a quarter-point reduction. The cut was also the largest taken by Fed policymakers since 2020, when the Covid pandemic struck. Fed rate cut a 'near certainty' as US inflation drops to 2.5% beating expectations In his speech on Thursday (18 September), US Federal Reserve chair Jerome...

Hardeep Singh Puri lauded India's economic growth under Prime Minister Narendra Modi, saying the country has advanced from the 10th largest economy in 2014 to the 5th largest by 2019, surpassing the UK. Speaking at a community reception, organized by Consul General of India in Houston, D C Manjunath, at India House here, Puri emphasized Houston's pivotal role in the global energy sector, particularly in green hydrogen and aerospace. Expressing his thoughts about deepening US-India collaboration in the clean energy sector, Puri praised India's refining capacity and initiatives in biofuel blending, aiming to boost refining capacity to 300 million metric tons per annum. He termed the US-India Strategic Clean Energy Partnership as a cornerstone of future collaboration between the two countries.