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US Inflation continues to ease, but the Federal Reserve holds off on rate cuts. Former Fed Governor Randy Kroszner explains why services inflation, tariffs, and cautious Fed policy are shaping the interest rate outlook for 2025. US Inflation Falls for Fifth Straight Month to 2.7% In a conversation with Media that brought clarity to the …
China has issued a strong rebuke to Donald Trump’s latest tariff threats targeting Russia and its trade partners. Responding to Trump’s 50-day ultimatum to end the Ukraine war, Beijing called the US move illegal and counterproductive. As top SCO diplomats gathered in Beijing, including Russia’s Sergey Lavrov and India’s Dr. S. Jaishankar, China reaffirmed its …
Wells Fargo delivered a strong financial performance in the second quarter of 2025, posting a net income of $5.5 billion and earnings per share (EPS) of $1.60, marking a 12% year-over-year increase. Total revenue reached $20.82 billion, driven by growth in both net interest and noninterest income. The results reflect the positive impact of the …
JPMorgan Chase reported a strong Q2 2025 with $15 billion net income despite a 10% revenue decline. Solid growth in investment banking, markets, asset management, and card services fueled performance, while the bank maintained a robust 15% CET1 ratio and returned $11 billion to shareholders. JPMorgan Chase Q2 2025 Results JPMorgan Chase & Co., the …
Flash Flood Emergency in New York And New Jersey:A powerful storm system triggered devastating flash floods across New York and New Jersey, bringing major cities to a standstill. In Queens, drivers were seen pushing their cars through floodwaters on the Cross Island Parkway, while streets in Scarsdale became hazardous zones due to dangerous hydroplaning. The …
Impact of Falling Dollar:In 2025, the US dollar is witnessing its worst start to a year since 1973, raising concerns among global investors and policymakers. As President Trump intensifies tariff rhetoric and economic predictability fades, global reserve managers are beginning to diversify away from the dollar. This shift could lead to rising global interest rates, …
Russia Slams NATO Chief Mark Rutte Over Istanbul Talks Remark: The Russian Foreign Ministry has sharply responded to NATO Secretary General Mark Rutte’s remarks about the 2022 Istanbul peace talks, defending lead negotiator Vladimir Medinsky and criticizing NATO’s understanding of diplomacy. Spokeswoman Maria Zakharova called Rutte’s comments dismissive and misleading, arguing that Medinsky is a …
China’s GDP grew by 5.3% year-on-year in the first half of 2025, reaching 66.05 trillion yuan ($9.21 trillion), according to official NBS data. Backed by a 6.4% rise in industrial output, 5% retail sales growth, and a 2.8% increase in fixed-asset investment, China’s economy showed strong resilience despite global uncertainties. June’s industrial output beat estimates …
China has officially announced that it will host the Shanghai Cooperation Organization (SCO) Foreign Ministers Council meeting as part of its rotating presidency for 2024-2025. The high-level diplomatic gathering, to be chaired by Foreign Minister Wang Yi, will serve as the political groundwork for the SCO Summit scheduled to take place in Tianjin later this …
June Inflation Drops to 6-Year Low :India’s retail inflation fell to 2.10% in June 2025, the lowest since January 2019. A sharp decline in food prices led to negative food inflation at -1.06%, with rural and urban sectors both witnessing easing price pressures. Get the full breakdown across sectors and states. India’s June Inflation Drops …