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3 mins read

Price-gouging complaints about the cost of fuel, water, and hotels are surging in states hit by Hurricane Helene

As Hurricane Helene hit southeastern states, complaints of price gouging on gas and hotels surged, …

Joshua Nelken-Zitser,Grace El…   


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2 mins read

Deep rate cuts are necessary because the Fed's unprecedented hikes actually made inflation worse, Nobel-winning economist says

The Fed's higher borrowing costs discouraged home building, adding inflation pressure, Joseph Stig…

Filip De Mott   


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1 min read

ATF price cut by 4.6%; commercial LPG rate hiked by Rs 21

Jet fuel or ATF price was on Friday slashed by 4.6 per cent - the second reduction in one month - w…

PTI   


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2 mins read

Dow crashes 1,000 points and the Nasdaq loses 3% as recession fears fuel market panic

A surprise interest rate hike from the Bank of Japan last week sparked a series of margin calls tha…

Matthew Fox   


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2 mins read

US stocks rise as Fed comments fuel hopes rate hikes are done

Fed Governor Christopher Waller said he is optimistic that the central bank remains on track to tam…

Phil Rosen   


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2 mins read

Govt hikes windfall profit tax on crude oil, cuts levy on diesel exports

The government on Tuesday increased the windfall profit tax on crude oil produced in the country an…

PTI   


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2 mins read

Escalation in Middle East crisis could fuel international gold prices to USD 2,500

Even as international gold prices fell relatively on Monday with relative ease in geopolitical tens…

ANI   


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2 mins read

Why a debt-fueled US economy is facing a hard landing in 2025, chief economist says

"Once people do begin to lose their jobs, once the economy does begin to slow down, you already hav…

Filip De Mott   


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4 mins read

Oil cos losing close to Rs 3 a litre on diesel, profit on petrol down

State-owned fuel retailers are losing close to Rs 3 per litre on selling diesel while the profit on…

PTI   


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1 min read

Govt hikes windfall tax on crude petroleum, cuts levy on diesel

The government has hiked windfall tax on domestically produced crude oil to Rs 4,600 per tonne from…

PTI   


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2 mins read

Fuel price surge: Oil companies spike commercial LPG rates, impacting metro consumers

According to the latest updates, the retail sales price of a 19 kg commercial LPG cylinder in Delhi…

ANI   


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1 min read

Stock market today: US stocks dip but end with a gain for the week after Fed-fueled rally

The S&P 500 rallied more than 2% this week, fueled by the Fed's dovish outlook and nod to rate cuts…

Aruni Soni   


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2 mins read

US stocks rise to fresh records on tech-fueled rally while investors sift through Fedspeak

Rising tech stocks took the Nasdaq index up to a record high and the S&P 500 closed above 5,100 for…

Aruni Soni   


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1 min read

Jet fuel prices hiked by 2% to an all-time high

Jet fuel prices on Friday were hiked by 2 per cent - the seventh straight increase this year - to a…

PTI   


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4 mins read

Foreign investors dump Indian equities on rising fears of more rate hikes by central banks

Indian stocks have outperformed several other emerging markets since March this year, as foreign po…

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3 mins read

Victims of the Fed: How a year of rate hikes cratered stocks - and fueled the demise of FTX and Silicon Valley Bank

The Fed's 12-month campaign against inflation has driven selloffs in stocks and bonds, as well as f…

George Glover   


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4 mins read

A good season ahead for cement companies with price hikes

The Indian cement sector saw good growth in demand and profitability in the first half of the year.…

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2 mins read

Fed rate hikes have made borrowing greenbacks costlier and pushed more firms to de-dollarize, think tank says

Global firms had to find cheaper alternatives to dollar debt as the Fed raised interest rates, the …

Filip De Mott   


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2 mins read

A bill that would set gas price limits and prevent 'exploitative' cost hikes is headed for a House vote

The legislation would enable President Joe Biden to make it illegal to increase gas and home energy…

Grace Kay   


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2 mins read

Investors cheering the CPI-fueled rally are set to run into the reality of an incoming recession as the Fed overdoes it with rate hikes, BlackRock says

"Surging stocks show markets believe hopes of a soft-landing by the Fed to be true. We disagree," B…

Jennifer Sor