Fed meeting in focus: No rate cut, but Powell’s words may signal what’s next
The US Fed meeting is all set to begin on Tuesday, and investors are certain that the central bank will keep the federal funds rate unchanged in the 4.25% to…
Economy
1610 posts
Trump signals potential tariffs of up to 25% on India
President Donald Trump said Tuesday that India could be subject to tariffs ranging between 20% and 25% as the US moves toward imposing reciprocal levies on trading partners who have…
Sanctions force Nayara Energy tanker contract terminations
Three vessels chartered by India’s Nayara Energy have sought to terminate their contracts, pressured by EU sanctions imposed on the Russian-owned refiner, according to a Reuters report on Wednesday. Nayara Energy,…
Consumer spending in the US is slowing – Is the economy in trouble?
For two years, the American consumer has carried the economy. Even with interest rates at their highest level in two decades, spending kept climbing, job losses never came, and talk…
Morgan Stanley foresees volatility for Match, Bumble in Q2 as turnaround remains elusive
Morgan Stanley on Monday warned that it foresees “elevated volatility in key performance indicators and financial metrics” for online dating companies Match Group and Bumble in Q2 and 2025, with…
US needs ‘more negotiations’ with India on trade ahead of Aug 1 tariff deadline, Greer says
The United States’ top trade official has indicated that “more negotiations” will be necessary to secure a trade deal with India, a sobering assessment that comes just days before a…
India overtakes China as top smartphone exporter to US amid shifting supply chains
India has overtaken China to become the leading exporter of smartphones to the United States for the first time, marking a significant shift in the global electronics supply chain as…
Stellantis stock slides as reinstated guidance underwhelms investors
Stellantis shares dropped 4.3% on the Milan exchange on Tuesday after the automotive group reinstated its full-year guidance, only to fall short of investor expectations.The company forecasted a modest recovery…
Global wheat outlook: harvests, exports, and tight stocks drive price revisions
Recent activity in the wheat market has led to price fluctuations within a narrow band. Prices have hovered around 540 US cents per bushel on the CBOT and EUR 200 per…
Panama Canal ports deal faces uncertainty as CK Hutchison seeks new consortium composition
On Monday, CK Hutchison announced ongoing discussions with a consortium regarding its $22.8 billion ports business. The talks involve incorporating a significant Chinese strategic investor into the bid, according to a…