Economic News

By Harshit WASHINGTON, Nov. 4 The Supreme Court is set to hear one of the most consequential economic cases of President Donald Trump’s second term on Wednesday, a challenge to the legality of the sweeping tariffs he imposed under the International Emergency Economic Powers Act (IEEPA). Treasury Secretary Scott Bessent, speaking on CNBC’s Squawk Box […]

By Harshit, LONDON, Nov. 4, 2025 European equities slipped on Tuesday, reversing early-week optimism as investors digested weak sentiment, mixed corporate earnings, and global market volatility ahead of key central bank decisions later this week. Broad Market Decline Across Europe The pan-European Stoxx 600 index was down nearly 0.8% by 2 p.m. (9 a.m. ET),

By Harshit, Washington, D.C., October 31, 2025 – 2:15 PM EDT Tariff Pressures Expected to Hit Consumers This Holiday Season While the inflation impact of tariffs has been muted for much of 2025, economists now warn that the costs are about to filter through to consumer prices just as the holiday shopping season begins. President

By Harshit, Washington, D.C., October 29, 2025 – 9:00 AM EDT Treasury Yields Remain Flat Ahead of Key Fed Announcement U.S. Treasury yields held largely steady on Wednesday as investors awaited the outcome of the Federal Reserve’s two-day policy meeting, which is expected to result in another quarter-point rate cut. Market participants are also watching

By Harshit, Washington, D.C., October 29, 2025 – 8:30 AM EDT Fiserv Faces Sharp Market Sell-Off After Disappointing Q3 Results Shares of Fiserv (FI) tumbled 30% on Monday after the global payment technology company announced a sweeping leadership overhaul, a new strategic “One Fiserv” action plan, and a drastic cut to its 2025 earnings guidance

By HarshitWashington, D.C., October 28, 2025 – 9:10 AM EDT The Federal Reserve is widely expected to lower interest rates by a quarter point at its upcoming policy meeting this week, with additional cuts likely at the December and January meetings, according to the latest October CNBC Fed Survey. Yet behind the consensus prediction lies

By Harshit, Washington, D.C., October 28, 2025 – 8:30 AM EDT In a groundbreaking partnership that bridges the worlds of artificial intelligence and digital commerce, PayPal announced Tuesday that users will soon be able to buy products directly through ChatGPT, OpenAI’s generative AI chatbot. The move marks a major milestone in AI’s evolution from a

By Harshit, WASHINGTON, Oct. 27, 2025 9 AM EDT U.S. Treasury Secretary Scott Bessent confirmed Monday that the shortlist to replace Federal Reserve Chair Jerome Powell has been narrowed to five candidates, as President Donald Trump prepares to make one of the most consequential economic appointments of his second term. The announcement comes just days

By Harshit, Washington, D.C., October 27, 2025 – 8:30 AM EDT In a bold move set to reshape the landscape of artificial intelligence hardware, Qualcomm announced Monday the release of its upcoming AI accelerator chips, AI200 and AI250, marking its entry into the high-stakes data center market long dominated by Nvidia and, to a lesser

By Harshit, LONDON, Oct. 27, 2025 8 AM BST European markets edged higher on Monday as investors turned their attention to the upcoming U.S. Federal Reserve meeting, a wave of corporate earnings, and renewed diplomatic engagement between Washington and Beijing. At 2:05 p.m. in London (10:05 a.m. ET), the pan-European Stoxx 600 was up 0.2%,