Economy Financial News

Federal Reserve Chair Jerome Powell on Thursday indicated that interest rate cuts may not be too far off if inflation signals cooperate.

A sweeping bank regulatory proposal will be significantly revised by year’s end, Federal Reserve Chair Jerome Powell said Thursday, a potential victory for the large banks that have aggressively opposed the likely changes

By Jamie McGeever

The average long-term U.S. mortgage rate edged lower for the first time in five weeks, a welcome shift for home shoppers this spring homebuying season

Payne Capital Management President Ryan Payne weighs in on the U.S. economy, arguing that purchasing power will continue to ‘strengthen’ for the American people.

Bharat Jodo Nyay Yatra, Congress' Rahul Gandhi on Thursday announced five «guarantees», as part of its pre-poll promises ahead of the Lok Sabha elections. These guarantees focussed on job creation for the unemployed youth, and included a vow to immediately fill up 30 lakh vacancies for permanent jobs in the central government if Congress is voted to power. «We have counted that there are 30 lakh government vacancies. Modiji and BJP won't fill these up.

Trump gets re-elected in November and implements his promise of imposing a 60% tariff on Chinese imports? A step like that would affect the economies of many countries, including India, as new opportunities as well as challenges would arise. So far, Beijing has been silent about how it will deal with this possible Made-in-America challenge. Premier Li Qiang recently presented his 'work report', the Chinese version of a budget speech, without revealing much about the country's economic strategy to deal with this and other issues. Chinese leaders are watching the evolving situation within its own economy and the US political scene, instead of rushing to formulate new policies. CPC has also not held its third plenum to formulate economic policy for 2022-27. The party holds seven plenums on different issues every five years, and the third one is reserved for discussion on economic matters. Silence on the part of authorities is giving the impression that Xi Jinping, who also happens to be party general secretary, is ending the tradition.

China’s exports and imports for the first two months of the year beat estimates, an indication that demand may be improving as Beijing attempts to speed up its economic recovery

The European Central Bank has left its key interest rate at a record high as it waits for more confirmation that toxic inflation is under control for good

Saudi Arabia’s crown prince has transferred another 8% of shares in the kingdom’s oil giant Saudi Aramco to the country’s prominent sovereign wealth fund

Stocks are ticking higher and helping Wall Street erase its losses from earlier in the week

U.S. applications for jobless benefits were unchanged last week, settling at a healthy level as the labor market continues to show strength amid elevated interest rates

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By Pesha Magid, Yousef Saba and Clauda Tanios

Former Kansas City Federal Reserve Bank President Thomas Hoenig reacts to Jerome Powell saying the Fed is not ready to start cutting rates on 'Cavuto: Coast to Coast.'

₹100 crore from Ranjan Pai’s family office, , and other investors for its maiden fund—which it said has been designed to back “women-first" businesses. The fund, which targets a total corpus of ₹500 crore, will primarily focus on investing in the health-tech, fintech, climate and clean-tech, deep-tech, and consumer sectors.

Despite the heavy concentration of the U.S. market rally in expensive, AI-focused tech stocks, analysts say Wall Street is not yet in bubble territory.

A proposal to tax high-earning Americans more as a way to address the fiscal challenges with Social Security and Medicare funding overlooks its broader impact on households and the economy.

FRANKFURT (Reuters) -The credit rating agency Moody's (NYSE:MCO) said on Thursday that it was downgrading its outlook for the banking sector in a number of European countries as weak economies erode profits.

(Reuters) — S&P 500 and Nasdaq futures edged higher on Thursday ahead of more economic data and commentary from Jerome Powell after the Federal Reserve chair stuck to the script overnight by saying the central bank still expects to cut rates later this year.

By Brijesh Patel and Sherin Elizabeth Varghese