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2 mins read

PM Modi congratulates RBI Governor Das on A+ rating in Global Finance Report

Prime Minister Narendra Modi, on Wednesday, congratulated Reserve Bank of India's (RBI) Governor, S…

ANI   


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2 mins read

Repo rate cut unlikely in ongoing MPC meeting, but RBI may change it during October policy review: Experts

The Reserve Bank of India (RBI) has started its three-day monetary policy committee (MPC) meeting i…

ANI   


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3 mins read

Not just Fed, but central banks of these countries also tinkered with rate cuts this week

The US Federal Reserve cut interest rates by 50 basis points, causing global markets to surge. Cent…

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2 mins read

Fed meeting starts today, rate cut on the cards. Here’s what experts are saying

The US Federal Reserve's meeting, starting today, is expected to announce changes in interest rates…

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3 mins read

Pets, sports, and Disney might end up rescuing China's ailing consumer economy

China's pets, sports, and cultural IP economies are poised for rapid growth, with supply currently …

Kelly Cloonan   


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3 mins read

It'll be a while before you feel today's interest-rate cuts

The Federal Reserve finally cut interest rates, but it could take time to see the relief reflected …

Ayelet Sheffey,Madison Hoff   


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2 mins read

The Fed gives the US its first jumbo interest-rate cut in 4 years

The Federal Reserve announced an interest-rate cut of 50 basis points on Wednesday, the first in fo…

Ayelet Sheffey   


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3 mins read

Stock market today: Indexes edge up ahead of major Fed interest rate decision

Markets are pricing in with certainty that the Fed will deliver a rate cut this afternoon, the firs…

Jennifer Sor   


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3 mins read

78 pc of consumers choose digital banking over cash transactions

Nearly 80 per cent of financial institutions have seen an increase in cashless transactions over th…

ANI   


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2 mins read

RBI can't ignore food inflation while setting rates, will wait for NSO to review CPI weightage: Das

"The MPC (monetary policy committee) may look through high food inflation if it is transitory; …

PTI   


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4 mins read

With stock markets crashing worldwide, are fears of a recession loading in the US pre-mature?

Even Goldman Sachs economists have upped the probability of recession hitting the US by 2025 to 25%…

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3 mins read

Trump called inflation a disaster for consumers — and Musk blamed it on government waste

Higher food costs are pinching budgets and inflation eroded the value of savings, Donald Trump said…

Theron Mohamed   


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2 mins read

Delinquent debt is piling up. Here's why it's not a reason to worry about the US consumer, according to BofA CEO Brian Moynihan.

More credit card debt and car loans transitioned into late payment status last quarter, per the New…

Jennifer Sor   


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2 mins read

Smile for success: Airbnb hosts with smiling profile photos get more bookings, even for properties in high-crime areas!

The findings show that smiling Airbnb hosts, particularly those with higher listing uncertainties, …

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4 mins read

Welcome to interest-rate cut week: Here's how the Fed's next move will impact everything from home prices to new cars loans

The Federal Reserve is expected to finally announce interest-rate cuts this week. Here's everything…

Madison Hoff,Ayelet Sheffey   


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2 mins read

A US recession could hit by election time unless there are aggressive interest-rate cuts, analyst says

Small-business unemployment trends are indicating that recession could strike unless the Fed acts q…

Filip De Mott   


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2 mins read

Stock market today: Stocks soar as investors cheer soft PPI and brace for consumer inflation data

Stocks surged as investors were encouraged by cooler producer inflation. The Dow rose 400 points an…

Filip De Mott   


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1 min read

Why high interest rates actually might be helping US consumers, strategist says

High interest rates mean that savers are seeing rates of return "like no time over the past few dec…

Aruni Soni   


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3 mins read

Wall Street knows interest rate cuts are coming. What matters is how big they'll be.

Federal Reserve Chair Jerome Powell will deliver his biggest speech of the year at Jackson Hole. Wa…

Ayelet Sheffey   


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1 min read

Walmart stock surges to all-time highs as sales jump even as other companies see consumers turn cautious

Walmart's stock soared as much as 8.4% Thursday after reporting strong sales last quarter, even as …

Kelly Cloonan