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How US is Helping India Eat into China's Solar Exports
CNBC
Trump tariffs heading to the U.S. Supreme Court might just be the start of a long legal battle
Even if the U.S. Supreme Court agrees with a federal appeals court’s ruling that most of President Donald Trump’s tariffs are illegal, it doesn’t mean the case is closed on those levies. U.S. Treasury Secretary Scott Bessent reportedly told Reuters on Monday that there are “other authorities that can be used” to uphold the tariffs. One of them […]
UK PM gambles on top team shake-up ahead of knife-edge budget
Smoke signals came out of U.K. Prime Minister Keir Starmer’s office in Downing Street this week, after a shake-up in his and Finance Minister Rachel Reeves’ top advisory teams. Analysts now say the move mark an urgent attempt to boost the government’s economic credentials ahead of a tricky Autumn Budget. Among the most prominent shifts […]
UK has weeks to solve fiscal puzzle as it sets date for Autumn Budget
The U.K. Treasury on Wednesday revealed Finance Minister Rachel Reeves will deliver the nation’s Autumn Budget on Nov. 26 amid heightened pressure to resolve a fiscal conundrum over spending, taxation and borrowing. The budget will address an economy that’s “not working well enough for working people,” Reeves said Wednesday in comments released by the Treasu
Investors cheer coming rate cuts, but also contend with job cuts
The S&P 500 and the Nasdaq Composite climbed Wednesday, powered by tech shares after a federal court decision allowed Google to keep its Chrome browser. Optimism around a looming rate cut by the Federal Reserve also buoyed markets, with the CME Fedwatch tool indicating a 96.6% chance of a Fed rate cut in its September […]
Markets are riding high, but will jobs data derail the rally?
Markets have been rising on hopes that weak jobs data will lead to rate cuts. But they could be staring at an oncoming freight train if the U.S. nonfarm payrolls data due Friday sends recessionary signals. The ADP private payrolls report on Thursday showed an increase of 54,000 jobs in August, lower than the 75,000 expected by […]
Postal traffic to the U.S. sank 80% after Trump administration ended exemption on low-value parcels
Postal traffic into the United States plunged by more than 80% after the Trump administration ended a tariff exemption for low-cost imports, the United Nations postal agency said Saturday. The Universal Postal Union says it has started rolling out new measures that can help postal operators around the world calculate and collect duties, or taxes, […]
U.S. jobs report in August reveals damage the Fed should mend
At this moment in the U.S. economy — when interest rates are higher than usual and inflation still above the Federal Reserve’s 2% target — the jobs report is rather like an injury. You want it bad enough, like a gash, to elicit sympathy from others, but not so serious that it rends flesh and […]
India urges BRICS to tackle deficits as bloc rallies against U.S. tariffs
India on Monday urged BRICS members to address their trade imbalances with New Delhi, as the bloc rallied against U.S. President Donald Trump’s tariffs that have unnerved Washington’s friends and foes alike. Speaking at the virtual summit, India’s External Affairs Minister S. Jaishankar said that the country’s “biggest trade deficits are with BRICS partners.
Trump blocked from firing Fed Governor Lisa Cook as lawsuit plays out
A judge on Tuesday night blocked President Donald Trump from firing Federal Reserve Governor Lisa Cook as a lawsuit challenging her removal continues. “The public interest in Federal Reserve independence weighs in favor of Cook’s reinstatement,” U.S. District Court Judge Jia Cobb wrote in granting Cook a preliminary injunction barring her termination. Cobb s
Wholesale prices unexpectedly declined 0.1% in August, as Fed rate decision looms
Wholesale prices surprisingly fell slightly in August, providing breathing room for the Federal Reserve to approve an interest rate cut at its meeting this month, according to a Bureau of Labor Statistics report Wednesday. The producer price index, which measures input costs across a broad array of goods and services, dropped 0.1% for the month, after […]
SpaceX raises $75 billion in record-setting IPO ahead of Nasdaq debut
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Exxon warns oil prices could reach $150-$160 per barrel as inventories approach all-time lows
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Dell secures $9.7 billion Pentagon software deal after courting White House and Trump donations
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