Federal Reserve Officials Disagree on Inflation Outlook and Policy Direction
Recent Federal Reserve minutes reveal sharp divisions among policymakers regarding the future of U.S. inflation and the appropriate course for monetary policy.
Markets & Macro
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Chinese Car Sales Plunge Forces Manufacturers to Accelerate Export Push
China’s passenger vehicle market faces a sharp decline, pushing automakers to rely heavily on exports, sparking a significant shift in global auto trade dynamics.
Markets & Macro
Iran's Central Bank Updates Official Currency Rates Amid Decline in Most Foreign Currencies
The Central Bank of Iran released new official exchange rates showing depreciation in most foreign currencies against the rial, with only two currencies gaining value compared to the previous day.
Markets & Macro
Gold and Silver Prices Slide Amid Rising US-Iran Tensions
Gold and silver prices fell as fresh US military strikes on Iran intensified geopolitical uncertainty, pushing crude oil prices higher in global markets.
Markets & Macro
Fed’s Waller Criticizes Forward Guidance for Delaying Inflation Response
Federal Reserve Governor Christopher Waller highlighted how rigid forward guidance in 2020 slowed the Fed’s reaction to rising inflation, complicating monetary policy efforts.
Markets & Macro
Nasdaq slides as semiconductor stocks tumble amid AI growth concerns
The Nasdaq closed sharply lower, dragged down by major chipmakers’ declines after a blockbuster earnings report failed to ease investor doubts about AI-driven rally sustainability.
Markets & Macro
India Aims to Boost R&D Investment to 2% of GDP, Encourages Private Sector to Utilize Innovation Fund
The Indian government plans to increase research and development spending to 2 percent of GDP and invites private companies to access a new Rs 1 lakh crore innovation fund supporting advanced technology projects.
Markets & Macro
Walmart to Cut Prices on Select Items to Mark America’s 250th Anniversary
Walmart plans significant price reductions on various products, including ground beef, as part of America’s 250th celebration, prompted by a request from President Trump.
Markets & Macro
Rising Black Unemployment in NYC Highlights Growing Labor Market Inequities Amid DEI Rollbacks
Black unemployment in New York City surpasses national figures, reflecting increased job competition, corporate layoffs, and a retreat from diversity initiatives that disproportionately impact Black workers.
Markets & Macro
Major Corporations and Wall Street Back Trump’s Child Savings Account Initiative
Leading US companies and financial leaders endorse the Trump Accounts program, pledging billions to expand stock ownership and financial education for children nationwide.
Markets & Macro
Iran's Central Bank Updates Official Currency Rates Amid Varied Fluctuations
Iran's Central Bank announced new official exchange rates, with a mixed trend as some currencies strengthened while others weakened against the rial on July 7.
Markets & Macro
How Falling Australian House Prices Could Slow Economic Growth and Increase Risks
As Australian house prices begin to decline, experts warn of potential impacts on household spending, construction activity, and overall economic momentum.