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Economy
Federal Reserve Cuts Rates Amidst Economic Uncertainty: A Look at the Market Outlook
September 17, 2025 12:52 PM PDT| By Team Kalkine MediaIn a move that was largely anticipated by Wall Street, the U.S. Federal Reserve's Federal Open Market Committee (FOMC) announced a quarter-percentage-point cut to the federal funds rate on September 17, 2025. This brings the new target range to 4% to...
Brookfield Business Partners inks deal to sell Westinghouse; check details
October 13, 2022 12:56 PM AEDT| By Team Kalkine MediaBrookfield Business Partners has announced to sell its nuclear technology services operation, Westinghouse Electric Company.
How is the red-hot inflation hurting the common man?
July 17, 2022 09:28 AM PDT| By Mridul GogoiInflation hits the common man hard. People are getting poorer dealing with this fastest inflation.
US June CPI climbs to 9.1%, highest level since 1981
July 13, 2022 07:56 AM PDT| By Rupam RoyThe US inflation accelerated at its highest pace in around 41 years, increasing 9.1% on an annual basis.
What's stoking Australia's workforce crisis in retail space?
July 08, 2022 06:00 PM PDT| By Toshiva JainHighlights,Australia has been witnessing a consistent rise in labour shortage for the past three months.,The Australian Retailers Association has urged the government to intervene to help the retail sector runners recover from the current crisis.,It...
US jobless claims soar as labor demand wanes
July 07, 2022 08:23 AM PDT| By Mridul GogoiUS jobless claims increase last week
How are rising interest rates affecting mortgages?
July 06, 2022 07:54 PM PDT| By Toshiva JainHighlights,Inflation is expected to rise higher than expected earlier, as a result of which interest rates are likely to increase at a higher and faster pace in upcoming months.,Housing prices in some states have fallen in the last couple of months....
How Australia plans to unlock value from mining waste
July 01, 2022 07:00 AM PDT| By Nitish KumarHighlights,Billions of tonnes of mining waste called tailings are generated by the mining industry every year.,According to research, tailing materials could contain valuable minerals, including critical minerals.,Instead of developing new mines, min...
US first-quarter GDP revised down to 1.6%
June 29, 2022 11:32 AM PDT| By Mridul GogoiAccording to government data published on Wednesday, the US economy contracted more than estimated.
China’s CATL to give TSLA a run for money with long-range EV battery
June 23, 2022 10:54 AM PDT| By Mridul Gogoi(CATL), the biggest electric-car battery maker in the world has developed a new EV battery with a range of 1,000 km on a single charge.
Strong US dollar spurs global currency war to curb inflation
June 23, 2022 07:47 AM PDT| By Mridul GogoiGlobal race to boost individual currencies to combat inflation will unleash a mayhem in world economy.
Powell hints at possible recession as soft landing is 'challenging'
June 22, 2022 12:45 PM PDT| By Mridul GogoiHighlights,:,Fed Reserve chair Jerome Powell said a recession is a probability as a soft landing is difficult.,The Central Bank chair said steep rate hikes are justified to rein in inflation.,Similar rate hikes of up to 75 basis points likely in July...
How can house price fall impact new property investors?
June 18, 2022 07:10 AM PDT| By Akanksha VashishtVolatility has returned in the Australian property market as rising interest rates take a toll on mortgage holders. The Reserve Bank of Australia (RBA) has raised the interest rates for the second consecutive month, taking the official cash rate to.....
How Fed interest rate hikes impact Australia?
June 17, 2022 07:25 AM PDT| By Akanksha VashishtIt is a known fact that developments in the United States (US) quickly travel across the globe and show an impact. The interest rate hikes by the US Federal Reserve (Fed) are no different as they have shown a significant impact on economies worldwi.....
Preschool fees to be slashed by NSW government
June 17, 2022 07:10 AM PDT| By Toshiva JainHighlights The NSW government will spend AU$1.4 billion over four years to help parents slash preschool fees up to AU$4,000 per year for each child. Funds will be provided for children in the age group 3-5-year-olds attending community or mobil.....
Recession fears stalk US markets: How worried should Australia be?
June 17, 2022 01:26 AM PDT| By Akanksha VashishtHighlights The possibility of the US economy going into recession has hit international markets, including Australia. Inflationary pressures and rapid interest rate hikes can potentially cause a drop in consumer and investor sentiment. Austral.....
Tesla cars to become costlier in US as inflation stings
June 16, 2022 12:36 PM PDT| By Mridul GogoiLeading electric vehicle manufacturer Tesla Inc. (Nasdaq: TSLA) has once again increased prices for all its car models in the US as a fallout of the ongoing global supply-chain woes and surging raw material costs. Tesla raised the price of its Mod.....
BoE raises interest rates to 1.25%: How will it affect UK inflation?
June 16, 2022 06:02 AM PDT| By Abhishek SharmaHighlights The Bank of England on Thursday announced the fifth consecutive hike in interest rates. The central bank was under pressure to take aggressive steps after the US Federal Reserve announced a 0.75 percentage point hike in the benchmark.....
GDP fall to impact RBNZ’s monetary stance in next MPC?
June 15, 2022 09:24 PM PDT| By ManikaHighlights NZ’s GDP fell 0.2% in the March 2022 quarter This is mainly due to the Omicron spread during that time Despite a contraction in the economy, the RBNZ unlikely to change its monetary policy stance New Zealand's GDP fell 0......
Minimum wage hike: How will it impact inflation and RBA interest rate decision?
June 15, 2022 07:47 PM PDT| By Akanksha VashishtHighlights The Fair Work Commission (FWC) has increased the minimum wages by 5.2% as cost-of-living pressures increase. Higher wages are often associated with job losses and can contribute to ongoing inflation. An increase in wages could force.....
