Fed expected to pump brakes on rate cuts in 2025 as Trump policies stir concern
Powell also said that recent signs of stubborn inflation have caused many Fed officials to pare back their expectations for rate cuts.
California restaurants scrambling to stay afloat amid $9 egg prices: ‘It’s f—-ing killing me’
Gemma Ballesteros, who owns Marley’s Treats in Hayward, Calif., said the egg shortage is hitting her bakery hard – especially on top of steep minimum wage increases and pandemic-era challenges, like a drop in catering orders and rising costs for rent and utilities.
Office leasing in 2024 rises 20.8%, records 72 msf in transactions: Report
India’s total office space absorption during 2024 stood at 71.9 million square feet (msf), surpassing the previous peak achieved in pre-pandemic 2019 by 19 per cent, according to Knight Frank.
Joe Biden’s fiscal time bomb is set to explode just in time time for Trump to take office
The “DOGE brothers,” Elon Musk and Vivek Ramaswamy, will take an ax to the federal bloat and further appease the so-called “bond vigilantes” — traders whose selling pressure often brings government spenders to their senses.
Bollywood dims as streaming platforms steal the spotlight, TV rights fall
The decline in satellite rights began with the rise of streaming giants like Netflix, Prime Video, and Disney+ Hotstar, but the trend accelerated during the pandemic when films were released directly on digital platforms due to theater closures.
Dow plunges more than 600 after opening bell as Santa Claus rally fizzles
Wall Street’s main stock indexes opened sharply lower on Monday and hit their lowest in over a week — as sparse trading volumes and the specter of elevated Treasury yields cast a cloud over the traditionally strong year-end rally for equities.
Private banks masking worsening retail asset quality with write-offs: RBI
In the retail loans segment, while asset quality remained largely stable, the report observed a marginal uptick in credit card NPAs across bank groups.
Exclusive | Matt Lauer targeted by PETA for alleged ‘abuse,’ beating of animals by sheep farmers at his $9M New Zealand hideaway in bombshell findings
His property — known as Hunter Valley Station and located about two hours north of Queenstown — includes a “five-bedroom, lakefront homestead” and boasts stunning views of the Southern Alps mountain range, according to a Sotheby’s listing.
Warren Buffett discusses what will happen to his massive fortune after his death and offers advice in surprise message to shareholders
In November, ahead of the holiday season, Berkshire Hathaway CEO Warren Buffett issued an unexpected message to shareholders, wherein he announced updates on what will happen to his massive fortune after his death and offered some advice for others on handling how to pass on their wealth.
Big banks, business groups sue Fed over ‘opaque’ annual stress tests
The lawsuit filed in US District Court in Columbus, Ohio, claims the Fed’s practice of determining how big banks perform against hypothetical economic turmoil, and assigning capital requirements accordingly, do not follow proper administrative procedure.
Narayana Murthy bats for tech, cautions against ‘unsupervised learning’
“It was very easy to be a Leftist and socialist in those days because Jawaharlal Nehru was our Prime Minister and he had embraced Harold Laskian socialism.”
Insurers urge IRDAI crackdown against OEM-linked motor insurance brokers
The General Insurance Council has suggested a range of reforms, including system integration for real-time pricing and policies that ensure customers see all quotes.