Markets See Fed September Rate Cut as Near Certainty
The July inflation data combined with Treasury Secretary Scott Bessent's suggestion of a half-point rate cut has made traders predict...
Economics
Trump Eyes Fannie, Freddie IPOs Valued at $500 Billion
The Trump administration plans to release Fannie Mae and Freddie Mac from federal control through an initial public offering (IPO)...
Trump Tariffs Push U.S. Buyers to Shift From India
Indian garment exporters face significant pressure because President Donald Trump implemented heavy new tariffs which led major U.S. buyers to...
Commerce Chief Sees $50 Billion Monthly Tariff Windfall
The U.S. government expects to generate at least $50 billion monthly from import tariffs according to Commerce Secretary Howard Lutnick...
Disney Lifts Profit Outlook on Streaming Momentum
The streaming division of Walt Disney Company achieved better-than-expected results which led the company to increase its annual profit outlook....
U.S. Factory Orders Plunge on Aircraft Decline
The U.S. factory orders experienced a significant decline in June because commercial aircraft bookings decreased after the strong May results....
Tesla Grants Musk $29 Billion Stock Award
Tesla granted CEO Elon Musk a $29 billion share award to maintain his focus on transforming the company from electric...
U.S. Manufacturing Contracts Again, Jobs Hit 5-Year Low
The U.S. manufacturing sector experienced its fifth consecutive month of decline in July while factory employment reached its lowest point...
EU Braces for 10% U.S. Tariffs in Trade Talks
The European officials have been preparing for a 10% baseline tariff to be included in any future trade agreement with...
Fed Meets as Mideast Conflict Clouds Economic Picture
Federal Reserve officials started their two-day policy meeting on Tuesday while dealing with increasing geopolitical threats and conflicting economic indicators....
