Why are US bond yields rising? 30-year Treasury hits its highest level since 2004, but what does it mean for household budgets?The US bond market is executing a severe repricing of the cost of money. On Thursday, the 30-year Treasury yield reached 5.48%, a peak unse...
US Market: Fed's Hammack warns against inflation becoming entrenched in economyFederal Reserve Bank of Cleveland President Beth Hammack warned that persistently high inflation could entrench elevated price expectations...
Trump cannot afford to let AI boom fail: 'Big Short' investor Michael Burry explains whyMichael Burry, the investor known as the “Big Short” investor, said the Trump administration cannot afford to let the AI boom falter as AI ...
US fuel economy standards: Trump admin set to roll out new regime for cars, light trucksThe Trump administration is set to announce relaxed fuel economy standards affecting gasoline cars and light trucks. These changes aim to l...
Fed rate hikes: What happens to gold prices when US interest rates rise?Cutting through money jargon, one topic at a time. This week Abhinav Kaul explains why US interest-rate hikes can affect gold prices, and w...
US hiring appetite is healthy as economy powers aheadThe labor market in the US is poised for notable growth as nonfarm payrolls are anticipated to climb in September. Economists foresee the u...
India-US ‘unsettled relations’, energy prices and lack of ‘AI play’ pose economic headwinds: CEA NageswaranIndia’s economy is facing near-term headwinds from unsettled ties with the United States, global energy prices and the lack of a significan...
US Federal Reserve’s Anna Paulson sees scope for more interest rate hikes amid inflation risksPhiladelphia Federal Reserve President Anna Paulson indicated that additional interest rate hikes could be warranted to combat inflation. S...
US weekly jobless claims decrease as labour market regains footingRecent data reveals that initial claims for unemployment benefits in the US have dipped, signaling a stronger labour market. However, busin...
Dollar perched at two-month high as hot PMI fuels inflation fears, rate hike betsThe dollar continues to hold its ground due to robust manufacturing data, which has ignited concerns about inflation and possible rate incr...
US business activity expands fastest in five yearsRespondents primarily blamed higher fuel and transport costs, though a pickup in wages was also noted by many firms. "Business is clearly b...
AI may transform economies, but US-China rivalry makes slowing it down unlikelyAI's rapid advancement poses challenges, as concerns from key stakeholders highlight potential risks to humanity. Political leaders in the ...
US Market: Fed’s Collins backs rate hike, flags persistent inflation risksBoston Fed President Susan Collins backed the Fed’s recent rate hike, citing persistent inflation risks and arguing that a somewhat more re...
India, US discuss boosting AI economy through energy, digital infrastructure at UNGAA roundtable discussing US-India partnership in artificial intelligence and energy was hosted by the Indian Consulate. The event gathered o...
US economy firming as inflation risks persist, says Richmond Fed’s Tom BarkinThe US economy demonstrates resilience with strong consumer spending and growth beyond technology sectors. Richmond Fed President Tom Barki...
Gold ticks up on easing Treasury yields, but rate outlook weighsGold prices saw a slight increase on Tuesday as US Treasury yields eased. Higher interest rate expectations, however, capped the precious m...
US economy enters higher-rate era as inflation, AI boom persistThe US economy may be entering a prolonged period of higher interest rates as persistent inflation, government borrowing and massive AI inf...