Kevin Warsh bets market silence will steady US economy
Kevin Warsh, the new Federal Reserve chair, is keeping the central bank's monetary policy plans under wraps in a bet that markets will offer their own independent verdict on the economy. After…
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US retail sales slump dims Fed rate hike bets for September
The probability of the US Federal Reserve raising interest rates in September has fallen to 30.6%, according to the CME FedWatch tool, after retail sales recorded their first decline in 14 months.…
US inflation cools as weak jobs complicate September Fed decision
US wholesale inflation eased in July, with annual producer-price growth slowing to 4.7% from 5.5% in June, The Economic Times reports. Wholesale prices were flat during the month, while core inflation fell…
S&P 500 at record high: history favours buying, says analysis
The S&P 500 hit a record 7,758 on August 7, gaining 13% in 2026. Investors worry if it is safe to buy at these levels. Warren Buffett's advice is to focus on…
US credit card debt hits $1.26 trillion, late payments rise
NDTV Profit reports that US credit card debt rose to nearly $1.26 trillion in the second quarter, while late payments are increasing as more households struggle to manage their finances. The report…
Gold hits two-month high above $4,400 as US CPI cools rate hike fears
Gold rose to a two-month high above $4,400 an ounce after July US CPI inflation came in at 0.1%, matching estimates and convincing traders the Fed will keep rates on hold in…
Trump Downplays Talks With Fed Chairman Warsh Amid Doubts
President Donald Trump said on Monday he has spoken to Federal Reserve Chairman Kevin Warsh only once since Warsh's confirmation in May, contradicting his top economic adviser Kevin Hassett who said the…
Reich disputes Bessent, says US K-shaped economy alive
Treasury Secretary Scott Bessent declared the K-shaped economy dead, saying lower-income workers are finally regaining ground. Economist Robert Reich has pushed back forcefully, calling the claim 'hogwash'. He points to McDonald's earnings,…
Elon Musk gains Rs 8,000 crore daily despite losing trillionaire tag
Elon Musk added $320 billion (about Rs 26.7 lakh crore) to his net worth between July 2025 and July 2026, according to an analysis by BestBrokers based on Forbes data. That works…
US loses 23,000 jobs as hiring slump deepens
US employers unexpectedly cut 23,000 jobs in July, far below the 95,000 gain economists had forecast. The Bureau of Labor Statistics also revised June's job gains down sharply to 20,000 from 57,000,…
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