Banking and Finance FeaturedRising inflation: Credit cards come to the rescue of AmericansIFM CorrespondentAugust 4, 2022 by IFM CorrespondentAugust 4, 2022 Researchers for the New York Fed credit card balances climbed by USD 46 billion, or 5.5% from the first quarter.... Read more
Asset Management FeaturedTesla fires 200 Autopilot employees in latest job cutPrajwal WeleJune 30, 2022June 30, 2022 by Prajwal WeleJune 30, 2022June 30, 2022 The San Mateo Tesla location has been shut down in addition to the layoffs... Read more
Economy FeaturedUS Fed raises interest rate by 0.75 percentage-point, highest since 1994IFM CorrespondentJune 16, 2022 by IFM CorrespondentJune 16, 2022 The decision comes in the backdrop of consumer price inflation hitting 8.6% in May, the highest since 1981.... Read more
Economy FeaturedRecession may hit America by 2024IFM CorrespondentJune 14, 2022 by IFM CorrespondentJune 14, 2022 Rising interest rates induced a recession six out of seven times in American history.... Read more
Economy FeaturedWhy US investors are worried about a recessionIFM CorrespondentJune 1, 2022 by IFM CorrespondentJune 1, 2022 US economy shrank in the first quarter of 2022, but the market correction offers some respite.... Read more
Economy FeaturedUS inflation rate slows to 8.3% in AprilIFM CorrespondentMay 13, 2022 by IFM CorrespondentMay 13, 2022 Core CPI rate of inflation preferred by the Fed rises by a higher than expected 0.6%.... Read more
Featured FinanceUS Fed announces biggest interest rate hike in two decadesIFM CorrespondentMay 9, 2022 by IFM CorrespondentMay 9, 2022 Rates to touch 2.9% by 2023. Seven more hikes are expected this year.... Read more
Economy ExclusiveThe US-China trade war in light of Biden’s winPritam BordoloiNovember 12, 2020 by Pritam BordoloiNovember 12, 2020 Biden is expected to adopt a coherent approach to the ongoing trade war with China... Read more
EconomyAmid trade war, Trump approves phase-one US-China trade dealPritam BordoloiDecember 13, 2019 by Pritam BordoloiDecember 13, 2019 The US president also decided to wave off US tariffs on $160 bn of Chinese consumer goods... Read more
BankingGCC countries slash interest rates to lower loan costsInternational Finance DeskNovember 1, 2019 by International Finance DeskNovember 1, 2019 The rate cut follows the US Federal Reserve’s decision to reduce rates by 25 basis points... Read more