Homeownership Is Out of Reach for Many Americans, Despite a Buyer’s Market
A growing split between low-to-middle-income families and wealthy households is changing who has access to homeownership now. Source link
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Entry-level consumers restrict discretionary spends, retailers step up premiumisation as mass consumption lags
MUMBAI: Even as premiumisation is playing out in a big way and companies are latching on to the trend to spruce up growth, mass consumption continues to struggle. From apparel to jewellery and food, firms are finding it hard to get entry-level, middle class shoppers to spend more–in jewellery, of course, high prices of gold…
Tariff Turmoil Returns to Global Markets
Businesses and U.S. trade partners are again grappling with the uncertainty of President Trump’s trade war, even as he imposes new levies. Source link
More scope for negotiation? What US SC tariff blow for Trump means for future of India’s trade deal
Following the US Supreme Court’s ruling late last week, an Indian delegation has postponed a planned trip to Washington. India now has more room for negotiations in a trade deal with the US after the American Supreme Court ruled that Donald Trump’s tariffs are illegal. The US Supreme Court’s move to invalidate President Donald Trump’s…
Top Fed Official Sees Little Effect on Rate Outlook From Supreme Court’s Tariff Ruling
Christopher J. Waller, a Federal Reserve governor, said he would support a pause in rate cuts in March if the labor market continued to show signs of stabilizing. Source link
Govt to return unclaimed EPFO deposits, expand scholarships for unorganised workers’ children
The labour ministry has initiated a process to return unclaimed funds lying in inoperative Employees’ Provident Fund Organisation (EPFO) accounts to subscribers, a move expected to benefit over 3.1 million account holders, labour minister Mansukh Mandaviya said.A pilot phase covering about 0.7 million subscribers will be rolled out shortly after the decision was taken during…
Fact-check: Trump’s Latest Claims on Jobs, Inflation and Crime
Trends on jobs, inflation and crime that began before Donald Trump retook office continued, largely unabated, in his first year back. Source link
PM Modi to inaugurate Noida’s Jewar airport, says UP CM Yogi
NEW DELHI: Prime Minister Narendra Modi will inaugurate the Noida international airport at Jewar next month, Uttar Pradesh chief minister Yogi Adityanath said during an interaction with the Indian diaspora in Singapore.Highlighting the state’s aviation infrastructure, Yogi said Uttar Pradesh currently has the highest number of airports in the country and that the upcoming airport…
U.K., Australia and Others Worse Off Under Trump’s New Tariffs
Many important U.S. trading partners are facing higher duties after President Trump, reacting to a Supreme Court setback, set the rate on a new set of global tariffs at 15 percent. Source link
‘Mis-selling is offence under BNS’: FM Sitharaman warns banks, asks lenders to focus on core business
Finance minister Nirmala Sitharaman on Monday issued a warning to banks against mis-selling financial products, stressing that such practices now constitute an offence under the Bharatiya Nyaya Sanhita (BNS) and must stop as regulators tighten oversight.Addressing reporters after her customary post-Budget interaction with the RBI Central Board, Sitharaman said banks should return their focus to…