Business
US: Wall St opens higher as December rate cut bets strengthen
Wall Street’s main indexes opened higher on Friday (Nov 21) as traders raised bets on an interest rate cut by the Federal Reserve in…
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Nissan to cut more output at Kyushu plant on chip supply troubles
Japan’s Nissan will cut production by another 1,400 vehicles at its Kyushu plant next week, as the fallout from chip supply disruptions…
Politics
Trump Escalates War on CFPB With Move to Cut Off All Funding
The Bulwark asked the Trump-owned chatbot a series of questions about the impacts of Trump’s agenda, ranging from tariffs to the insane…
Politics
Trump Told CBS What to Cut From 60 Minutes Interview—And They Listened
When asked on 60 Minutes about pardoning Zhao, Trump replied: “OK, are you ready? I don’t know who he is. I know he got a four-month…
Business
Fed's Waller calls for December rate cut, as hawks press for policy pause
A clutch of Federal Reserve bank presidents on Friday (Oct 31) aired their discomfort with the US central bank’s decision to cut interest…
Business
Asian markets to expect short-term pressure from Fed rate cut: analysts
Asia markets are likely to face short-term pressure from the US Federal Reserve’s latest interest rate cuts, but expectations are already…
Business
US: Wall Street opens higher as cool inflation data fuels Fed rate cut bets
WALL Street opened on solid ground on Friday (Oct 24), as investors welcomed a cooler-than-expected inflation reading, while Intel’s…
Business
Tata Consultancy Services slashes 19,755 jobs in biggest workforce cut amid AI, US strains
Tata Consultancy Services (TCS) made its steepest-ever job cuts as strained ties with the US and a rapid shift towards artificial…
Business
RBNZ surprises with larger rate cut, sparking currency drop
Growth has been tepid since a deep recession in 2024 despite the the central bank’s aggressive easing cycle New Zealand’s central bank cut…
Business
Lufthansa to cut thousands of jobs in pursuit of efficiency
The airline group intends to reduce its administrative staff by 20% in the coming years Lufthansa is expected to announce several thousand…
Business
Starbucks to close stores, cut 900 jobs in US$1 billion restructuring
The company says its overall store count will drop by 1% during the 2025 fiscal year Starbucks said it will close stores and eliminate 900…
News
Gary Shteyngart’s Tragicomedy of the Penis in “The Guy Who Got Cut Wrong”
Watch “The Guy Who Got Cut Wrong.” Gary Shteyngart was just seven years old when his family emigrated from the Soviet Union and settled in…
Business
Oil prices slip as robust supply outweighs Fed cut
Oil prices dropped on Friday (Sep 19) as worries about large supplies and declining demand outweighed expectations that the year’s first…
Politics
Republicans Cut Off Democrat Trying to Introduce Motion on Epstein
House Republicans wouldn’t even let their Democratic colleague finish reading a motion to subpoena Treasury Secretary Scott Bessent…
Business
Indonesia central bank delivers surprise rate cut to boost growth
Indonesia’s central bank delivered another surprise interest rate cut on Wednesday (Sep 17), its sixth cut since it kicked off an easing…
Business
US: Wall Street opens higher on rate cut expectations
Wall Street’s main indexes opened higher on Tuesday (Sep 16) as investors priced in expected interest rate cuts from the Federal Reserve…
Business
US: Major indexes notch fresh records on rate cut hopes
Wall Street’s major indexes hit fresh records on Thursday as US inflation and jobless claims data added to conviction that the Federal…
Politics
India’s RBI cut US debt, bought gold even before Trump’s tariffs
Central banks have been boosting gold purchases to reduce their risks to the US dollar as global growth becomes more uncertain India’s…
Business
US: Wall St opens higher as Fed rate cut expectations firm
Wall Street’s main indexes opened higher on Monday (Sep 8), rebounding from the previous session’s decline, amid hopes that the Federal…
Business
Singapore stocks rally as investors price in September Fed rate cut; STI up 0.2%
The local bourse logged gains for a second straight day on Friday (Sep 5), closing higher alongside regional markets amid expectations…
Business
Salesforce CEO Marc Benioff says he cut 4,000 support roles because of AI
Artificial intelligence already is replacing certain jobs at technology companies. Last week, Salesforce Chief Executive Marc Benioff said…
Politics
Pedro Almodóvar urges Spanish PM Pedro Sánchez to cut all diplomatic and commercial ties with Israel
Oscar-winning Spanish filmmaker Pedro Almodóvar has urged Spanish Prime Minister Pedro Sánchez to cut all diplomatic and commercial ties…
Business
US Fed’s Alberto Musalem says more data is needed to decide whether a September rate cut is warranted
St Louis Fed president Alberto Musalem said on Friday (Aug 22) that he will need more data before deciding to support a rate cut at the…
Politics
'Whoever raises their hand against Israel will have their hand cut off,' Israel Katz warns Houthis
Defense Minister Israel Katz warned the Houthi terrorists following the launch of a missile, which triggered sirens across central Israel,…