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A woman walking past a mural depicting a U.S. drone painted on the outer walls of the former US embassy in Tehran. File | Photo Credit: AFP The ongoing U.S.-Israel war against Iran, now dragging into its second month as of April 2026, continues to exert mounting pressure on the U.S. economy through energy shocks…
Read More “Mounting costs of Iran war strain U.S. finances” »
U.S. President Donald Trump delivers an address to the nation from the Diplomatic Reception Room of the White House in Washington, D.C., U.S., December 17, 2025. | Photo Credit: Reuters President Donald Trump said in a White House speech on Wednesday (December 17, 2025) night that he was sending a $1,776 bonus check to U.S….
A divided U.S. Federal Reserve lowered interest rates on Wednesday (December 10, 2025) for a third consecutive time this year, but signaled that it could hold off further reductions in the coming months. Fed Chair Jerome Powell said the central bank is “well positioned to wait and see how the economy evolves from here.” The…
Read More “Divided U.S. Fed makes third straight rate cut, signals higher bar ahead” »
U.S. Federal Reserve Chair Jerome Powell holds a press conference after the Fed cut interest rates by quarter of a percentage point, in Washington, D.C., U.S., October 29, 2025. | Photo Credit: Reuters A divided U.S. Federal Reserve cut interest rates by a quarter of a percentage point on Wednesday (October 29, 2025) and announced…
Washington, United States: Noting that more than 3,00,000 strong Indian student community contributes over USD 8 billion annually to the US economy and has helped create a number of direct and indirect jobs, Prime Minister Narendra Modi and US President Donald Trump have expressed their commitment to streamlining avenues for legal mobility of students and…
Read More “Indian Students Contribute Over $8 Billion Annually To US Economy” »
President Donald Trump’s immigration policies would likely have devastating effects on Corporate America’s growth and earnings, but investors haven’t been perturbed yet – largely because they don’t believe he’ll follow through on the full extent of his plans. It’s a gamble that would be costly to lose, strategists and analysts say, with mass deportations likely…
Read More “Wall Street’s Big Hope Is Trump Pulls His Punches on Immigration” »
Representative image. | Photo Credit: AP Kamala Harris blasted Donald Trump as the “biggest loser” on the economy and a friend of billionaires Wednesday as the election rivals laid out competing plans on the top issue for many US voters. In a speech on the economy and then again in her first major solo interview,…
Read More “Harris attacks ‘biggest loser’ Trump on US economy” »
When the Federal Reserve delivers a widely-anticipated interest rate cut on Wednesday (September 18, 2024), its first in four years, the move will resonate well beyond the United States. The size of a first move and the scale of overall easing remains open to debate, while a looming U.S. election is another complicating factor for…
Read More “Why rate cuts by the U.S. Federal Reserve matter to world markets” »
Inflation has changed the way many Americans shop. Now, those changes in consumer habits are helping bring down inflation. Fed up with prices that remain about 19%, on average, above where they were before the pandemic, consumers are fighting back. In grocery stores, they’re shifting away from name brands to store-brand items, switching to discount…
Read More “American consumers are pushing back against high inflation — and they are winning” »
The U.S. Federal Reserve is widely expected to keep its key short-term interest rate unchanged when it meets next week. File | Photo Credit: Reuters An inflation gauge that is closely monitored by the Federal Reserve showed price increases remained elevated in September amid brisk consumer spending and strong economic growth. Friday’s report from the…
Read More “Fed’s preferred gauge shows U.S. price pressures still persistent” »