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US ECONOMY
AI 'kill switch' bill floated by US House lawmakersUS lawmakers propose legislation granting homeland security power to halt dangerous AI models. This bill, called the "AI Kill Switch Act," ...- America's 'mass affluence' is bigger than you thinkThe U.S. economy is increasingly defined by a K-shaped recovery, but the affluent group driving growth is far larger than a small elite. Ac...
- Pakistan seeks $10 billion fund from US after mediating Iran talksPakistan has requested a ten billion dollar exchange stabilization facility from the United States. This loan aims to boost foreign reserve...
- Iran's demands over the Strait of Hormuz would set a dangerous precedent, Rubio warns Asian leadersUS Secretary of State Marco Rubio warned Asian leaders about Iran's actions in the Strait of Hormuz. He emphasized the global economic thre...
- Samsung in talks to invest in Mistral at $23 billion valuationThis comes after Microsoft agreed to spend billions of dollars on Mistral's computing infrastructure in Europe under a deal that will also...
- Trump tariffs may stay alive as US set to impose new import taxes by FridayDonald Trump is likely planning new import duties on many nations by Friday. These levies aim to continue his tariff regime after current o...
- Global developed market debt to hit record $75.8 trillion by end of 2026: FitchGovernment debt in developed nations will reach $75.8 trillion by 2026. This debt burden represents 104% of gross domestic product for thes...
- Pakistan seeks $10 billion US stabilization facility to shore up reservesPakistan has requested a ten billion dollar exchange stabilization facility from the United States. This loan aims to bolster foreign excha...
- JPMorgan, other US banks set to help finance Japan's $550 billion US investment plan, sources sayJPMorgan and other US banks are close to agreeing on financing support for projects under Japan’s $550 billion US investment pledge, accord...
- Punjab farmers to take part in rally against India-US trade deal in DelhiFarmers from Punjab and other states will rally in Delhi on July 21. They are protesting the proposed India-US trade deal and its potential...
- Energy shock vs AI boom: RBI should act as and when external shocks push domestic data in a direction, not until thenGlobal growth faces pressure from an energy shock and a tech boom. The energy shock stems from conflict, impacting oil prices and shipping ...
- Charting the Global Economy: US CPI cools, China growth slowsUS inflation data eased in June, prompting investors to lower interest rate hike bets. China's economy slowed more than anticipated, increa...
- Trump shifts his tone on Jimmy Carter while grappling with Iran, inflation, his own legacyAs Donald Trump grapples with rising inflation and an escalating conflict with Iran, comparisons with former President Jimmy Carter have re...
- US Fed official warns of 'broad-based' inflation as firms urge actionA top Federal Reserve official said Friday that stubbornly high inflation is her bigger concern right now, warning that firms are urging th...
- Fed's Logan calls for 'modestly higher' interest ratesDallas Fed President Lorie Logan signaled support for higher interest rates, warning inflation remains above target and policy is not restr...
- US stocks today: S&P 500, Nasdaq fall as chip stocks weaken; earnings and data in focusThursday saw declines in the S&P 500 and Nasdaq indexes, primarily due to a renewed slump in chip stocks that outweighed positive earnings ...
- US Stock Market: Fed Beige Book signals improving economy as inflation eases, but fuel costs and tariffs remain risksThe US economy shows moderate expansion with improving employment figures. Inflation is easing across Federal Reserve districts, though fue...
- Gold steady as Mideast escalation tempers easing inflation optimismGold prices remained stable as U.S. inflation data showed easing pressures. However, Middle East conflict escalation drove oil prices highe...
- Fed's Cook says she is prepared to act soon if inflation does not begin to slowFederal Reserve Governor Lisa Cook signalled readiness to act if inflation fails to ease, while allowing more time to assess trends. She fl...
- US job cuts: Moody's chief economist Mark Zandi sees 'big warning' signs in June data. Here's why he's worried about the labour marketEconomists question the strength of the June US jobs report. Mark Zandi notes falling labor force participation drove the unemployment rate...
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