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FEDERAL SPENDING CUTS
Pakistan budget raises defence spending, squeezes development to meet IMF goalsFinance Minister Muhammad Aurangzeb told parliament the government would allocate 3 trillion rupees for defence in the fiscal year starting...- US stocks: US market ticks up as chips rebound, Middle East in focusU.S. stocks opened higher on Thursday, with investors showing interest in undervalued technology shares. The Dow Jones Industrial Average, ...
- Why the G7 is worried about global economic imbalancesIn a pivotal discussion at the G7 summit, France is highlighting urgent concerns about the global economic landscape. China's robust export...
- Charting the global economy: Jobs, inflation feed rate-hike betsStrong hiring across sectors and expanding manufacturing activity signal labor market strength, while upcoming US price data and ECB decisi...
- What? Could your Social Security benefits be cut by $500 a month in 2032? Here's which states face the biggest losses from trust fund insolvencyFor millions of retirees, Social Security is more than a government benefit. It is a lifeline. New projections warn monthly checks could fa...
- Why is the US stock market down today? Dow Jones, S&P 500 and Nasdaq crash big as strong jobs report, rising Treasury yields and AI stock selloff shake Wall Street — here are today's biggest gainers and losersWhy is the stock market down today? A hotter-than-expected jobs report erased any lingering hope for near-term Federal Reserve rate cuts — ...
- India considers spending curbs to protect fiscal deficit targetIndia's government is reviewing potential budget spending cuts. Higher oil prices are increasing subsidy costs and threatening fiscal goals...
- US Stock Market: Fed may need tighter policy as inflation risks persistDallas Federal Reserve President Lorie Logan indicates U.S. monetary policy might not be restrictive enough to meet the 2% inflation target...
- Fed's Warsh inherits economy increasingly squeezed by inflationNew Fed Chair Kevin Warsh faces a challenging economy. Rising inflation, fueled by the Iran war's impact on energy and goods, is squeezing ...
- US Stock Market: Treasury yields rise after strong US data, geopolitical risks fuel inflation fearsUS Treasury yields closed higher on Monday as stronger-than-expected manufacturing and construction data reinforced economic resilience, wh...
- Oracle to complete 30,000 job cuts by June 15: What's the reason, which team is impacted the most and what Oracle workers could be giving up when they sign severance agreementsOracle layoffs 2026: Oracle is finalizing its largest workforce reduction, with approximately 30,000 employees departing by mid-June. Despi...
- US Stock Market: Bond market selloff challenges traditional safe-haven role of TreasuriesGovernment bonds are no longer a safe haven during stock market drops. Investors are demanding higher returns due to inflation fears and ec...
- US Stock Market: Hawkish Fed voices grow louder amid energy-driven inflation surgeA growing split is seen among US Federal Reserve officials. Some policymakers warn that interest rates might need to increase again. This c...
- Global Market Today: Asian stocks rise on US-Iran truce deal, oil dropsAsian markets saw gains as oil prices fell following a tentative US-Iran ceasefire extension. This development eased concerns about energy ...
- Mortgage interest rates today: Check current mortgage rates on May 25, Memorial Day, what to expect this weekMortgage interest rates today: Over recent days and weeks, U.S. Treasury investors have focused on the elusiveness of a deal and long-term ...
- US Stock Market: Bond market pressure tests Trump as Iran conflict fuels yield surgeRising U.S. Treasury yields and surging oil prices are creating economic risks for the White House, impacting inflation and consumer borrow...
- US Stock Market: Wall Street faces macro headwinds after strong earnings seasonU.S. equities face increased volatility as investors pivot from strong earnings to macroeconomic concerns like rising inflation and elevate...
- Republicans clash with Trump over payouts tied to ‘weaponization’ claimsRepublicans in the US Congress are opposing President Donald Trump's proposed $1.776 billion fund for alleged victims of government weaponi...
- Wall Street Week Ahead: Soaring stocks could face rocky patch as earnings wind down, yields perk upUS stocks face potential headwinds as a strong earnings season concludes. Investors are shifting focus to rising inflation and bond yields,...
- The $4.50 gas economy: Fewer nights out, more belt-tighteningAs fuel prices continue to rise, many American families are feeling the financial crunch. With budgets tightening, people are cutting back ...
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