Wall Street charged towards record highs on Tuesday after fresh data showed inflation across the United States was slightly cooler than economists prediction, fuelling hopes that the Federal Reserve could cut interest rates in September.The S&P 500 climbed 0.85% or 54 points, looking set to surpass its all-time high reached just two weeks ago. The…
Do Kwon, who created the Luna and TerraUSD cryptocurrencies that collapsed in 2022, pleaded guilty to two counts of fraud, capping a spectacular fall from grace. Source link
H-1B visa trouble: A growing number of Indian professionals in the US on H-1B visas are facing an unexpected and alarming threat of deportation landing on their doorsteps before the official 60-day grace period even runs out. Laid off and staring down the barrel of a possible permanent US ban, many say it feels like…
Trump’s Fed nominee has argued that tariffs haven’t raised prices. Source link
Experts believe Trump has not been able to effectively influence China with his trade war tactics. (AI image) US President Trump has extended the trade ceasefire with China by an additional 90 days, temporarily averting a potential economic confrontation between the world’s largest economies. Trump said he has been “dealing very nicely with China” as…
Trump’s pick for a new statistics chief has questioned the bureau’s methods. Source link
The ministry of petroleum and natural gas on Tuesday strongly rejected what it calls “fear-mongering” over the performance and safety of E20 fuel, a blend of 20% ethanol and 80% petrol, saying claims of drastic fuel efficiency loss and insurance issues are “misplaced” and “creating a false narrative.”In a detailed press release on Tuesday, the…
NEW DELHI: The directorate general of civil aviation (DGCA) has issued a show cause notice to IndiGo over alleged lapses in simulator training for nearly 1,700 pilots, PTI reported quoting sources on Tuesday.The notice was sent after the regulator scrutinised records and reviewed IndiGo’s responses submitted last month.Confirming that the airline is currently reviewing the…
When it launched its Strata Elite card, Citi entered the high-end market for travel rewards cards. Here’s how it compares with its top competitors. Source link
