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2 mins read

With strong growth momentum in India, Asian earnings growth to outpace US and Europe this year: Report

Reserve Bank of India's (RBI) latest monetary policy report predicts a robust growth rate of 7.2 pe…

ANI   


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Jennifer Sor   


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2 mins read

The different ways Biden and Trump will shape US trade policy with China, according to a foreign-policy analyst

"Regardless of whether Biden or Trump prevails in the 2024 election, America's economic policy towa…

Yuheng Zhan   


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The Fed is focusing on 'flawed' data and keeping rates high will result in a big policy mistake, economist says

Various indicators show the Fed may be looking at the wrong data points to inform its higher-for-lo…

Yuheng Zhan   


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3 mins read

A policy that's supposed to create more affordable housing often backfires, leaving cities with higher home prices and rents. There's a way to fix that.

Inclusionary zoning is often so expensive that developers build less housing overall. Making it vol…

Eliza Relman   


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Russia's economic strength will last another 18 months before unraveling as Putin grapples with policy 'trilemma,' think tank says

In the best-case scenario, Russia's economic strength will last another 18 months before Putin is c…

Jennifer Sor   


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3 mins read

As the heat goes up this summer, so do cooling costs

The average cost to cool homes could be $719, a nearly 8% increase from the same period last year.

Catherine Boudreau   


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3 mins read

South Africa's cash giveaway plan is not universal basic income, experts say

A South African program would pay too little money to too few people to qualify as universal basic …

Theron Mohamed   


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There's a 'stealth erosion' in global US dollar reserves, but there's no dominant replacement yet

The share of the US dollar in global forex reserves fell from over 70% in 2000 to about 55% in the …

Huileng Tan   


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The Fed now expects just one interest rate cut this year — but there's still time for that to change, Powell says

The Federal Reserve held interest rates steady on June 12, with Powell leaving the door open for a …

Ayelet Sheffey   


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The Fed confirms that Americans will have to wait longer for interest rate cuts

The Federal Reserve held interest rates steady on Wednesday, pushing back any hopes of an interest …

Ayelet Sheffey   


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1 min read

Retail inflation eases marginally to 1-year low of 4.75% in May: Govt data

Retail inflation eased to a one-year low of 4.75 per cent in May as prices of some kitchen items de…

PTI   


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6 mins read

Forget red and blue: America's real geographic divide is between bosses and their employees

Executives in New York, call centers in Orlando: American cities are facing a growing power imbalan…

Ned Resnikoff   


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Putin could struggle to end the war in Ukraine because it's making some poor Russians richer

Russia's production in war-related industries rose 60% from the fall of 2022 to the spring of 2024.…

Huileng Tan   


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3 mins read

The Fed's next decision will likely mean Americans are going to wait a lot longer for any interest rate cuts

The booming jobs report and still-high inflation mean the Federal Reserve is likely to hold interes…

Ayelet Sheffey,Madison Hoff   


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Russia says it's working with a group of countries to build a platform that doesn't need the dollar

Russian President Vladimir Putin has doubled down on phasing out the use of the US dollar and other…

Huileng Tan   


Ayelet Sheffey   


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A key Russian CEO just highlighted the clash between stabilizing the economy and growing business in wartime

The country's top central banker, Elvira Nabiullina, has hiked interest rates up to 16% to tame inf…

Huileng Tan   


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3 mins read

India's race to overtake China will intensify after Modi's reelection because they have the same obsession, analyst says

India is aiming to be the new China as companies are diversifying their operations outside the East…

Huileng Tan   


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7 mins read

America's plan to fix its economy is going to screw over the rest of the world

There's a growing gap between America's interest rates and the rest of the world. That's going to c…

Linette Lopez