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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.
US jobless claims soar as labor demand wanes
July 07, 2022 08:23 AM PDT| By Mridul GogoiUS jobless claims increase last week
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...
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.....
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......
Toymaker Lego to invest US$1 bn on new US factory
June 15, 2022 01:07 PM PDT| By Mridul GogoiThe world’s largest toymaker Lego announced on Wednesday about investing US$1 billion in a new factory in the US to address a growing demand for its brick in the region. The new factory, which will come up in Chesterfield County, Va., outsid.....
US retail sales drop 0.3%, first time in 5 months as auto sales dip
June 15, 2022 11:52 AM PDT| By Mridul GogoiHighlights: US retail sales dipped 0.3% in May as auto purchases fell sharply. Despite a drop in auto sales, spending in gas stations surged, pointing toward a rising fuel cost. Restaurant sales, the Commerce Department’s only services c.....
US home equity touches record level at US$27.8 trillion in Q1
June 15, 2022 08:42 AM PDT| By Mridul GogoiUS homeowners have currently more equity, which has touched the highest level ever. A Federal Reserve data reveals that US home equity grew almost 20% in the first quarter of 2022 to US$27.8 shattering the previous record. Data showed that tappabl.....
Why sending parcels may cost Aussies more?
June 15, 2022 01:31 AM PDT| By Akanksha VashishtHighlights Postal service providers, including Australia Post, have announced massive bumps to their surcharge fees. High fuel and transportation costs emanating from Russia-Ukraine war have made things tougher for postal service providers. Th.....
Inflation worries: OECD asks NZ government to take targeted action
June 11, 2022 01:00 PM PDT| By ManikaHighlights The OECD released its report on Thursday Says the New Zealand government needs to do more to curb inflation The OECD paints a gloomy picture of inflation globally An Organisation for Economic Cooperation and Development (OECD) .....
US luxury-home sales plunge the most since Covid-19 outbreak
June 10, 2022 01:38 PM PDT| By Mridul GogoiHighlights: The sale of luxury homes in the US fell the most since the pandemic broke out. Wealthy buyers recoil due to inflation, economic uncertainty, and a bearish stock market. Nassau County on New York’s Long Island saw the biggest .....
US retailers rush to slash prices to downsize inventory
June 09, 2022 01:00 PM PDT| By Mridul GogoiHighlights: US retailers cut prices to clear heavily stocked inventory. The services industry kept inflation hot as prices went above pre-pandemic levels. The CPI data to come out on Friday kept investors edgy. Amid the rising inflation i.....
US household wealth declines for first time since 2020
June 09, 2022 12:52 PM PDT| By Mridul GogoiUS household wealth declines for first time since 2020 Highlights: US household wealth dropped in the first quarter of 2022, the first time since 2020. US household net worth fell to US$149.3 trillion from a historic US$149.8 trillion at the end...
Crypto bank vs Fed: It is not Fed’s first brush with litigation
June 09, 2022 12:19 PM PDT| By Mridul GogoiHighlights: Wyoming-based crypto bank, Custodia has sued the Federal Reserve for blocking its access to Fed’s Masters Accounts. The lawsuit states that the central bank sat on Custodia’s application for 19 months without taking any .....
