Powell Stresses ‘Challenging Situation’ for Fed as Rate Debate Intensifies
Rising inflation and a weakening labor market have created a bind for the central bank, Jerome H. Powell, its chair, warned on Tuesday. Source link
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Kenvue stock rebounds: Tylenol maker rises 6% after Donald Trump’s autism claims; analysts see limited legal impact
Shares of Tylenol maker Kenvue rebounded sharply on Tuesday, recovering from a steep fall triggered by President Donald Trump’s unfounded remarks linking the drug to autism.At the opening bell, Kenvue shares climbed more than 6 per cent, a day after plunging 7.5 per cent, AP reported. Trump had repeatedly instructed pregnant women to avoid Tylenol…
Nexstar and Sinclair Boycott Jimmy Kimmel’s Return to Late Night
Together, the two TV station groups, Sinclair and Nexstar, control more than 20 percent of ABC’s local affiliates. Source link
Gold rate today: Prices jump Rs 2,700 to Rs 1.18 lakh/10g in India; Rupee weakness and global demand drive rally
Gold rate today: Gold prices surged Rs 2,700 to hit a fresh peak of Rs 1,18,900 per 10 grams in the national capital on Tuesday, propelled by sustained global demand for the safe-haven asset and a sharp fall in the rupee following the US H-1B visa fee hike.According to the All India Sarafa Association, 99.9…
UBS settles French tax case: Bank to pay 835 million euros; 14-year legal saga ends with lower penalty
Swiss banking giant UBS will pay 835 million euros ($985 million) to settle a long-running legal case in France over assisting wealthy clients in evading taxes, the bank and French authorities announced on Tuesday.The settlement includes a 730-million-euro fine and 105 million euros in damages to the French state, bringing closure to the 14-year-old legal…
Rupee slips to all-time low of 88.75 against US dollar! Exporters cheer short term gains; importers face rising costs
The Indian rupee slipped to a record low of 88.75 against the US dollar on Tuesday, a fall of 47 paise that exporters said will improve price competitiveness in global markets, even as they flagged risks from volatility and higher import costs.Import-heavy sectors such as gems and jewellery, petroleum and electronics may derive limited benefit…
What Will Jimmy Kimmel Say Tonight?
The return of the late-night host’s show raises questions about how the Trump administration, TV affiliate owners and viewers might react. Source link
China internet crackdown: ByteDance, Alibaba platforms fined; harmful content cited
China’s internet watchdog has moved against two major platforms, Bytedance owned news app Jinri Toutiao and Alibaba’s internet browser company UCWeb, accusing them of spreading harmful material. The move was announced on Tuesday, a day after Beijing launched a two-month campaign to tighten control over online content.The Cyberspace Administration of China (CAC) said on Monday…
15 Years Into the Boom, Iceland Asks if It’s Had Enough of Mass Tourism
A volcanic eruption in 2010 put the island nation on millions of travelers’ maps. But is the country’s culture now at risk? Source link
GST return filing to get easier! CBIC plans simpler process; monetary threshold for demand notices to bring relief
The Central Board of Indirect Taxes and Customs (CBIC) is working on a mechanism to introduce a monetary limit for issuing GST demand notices, in a bid to reduce unnecessary disputes and avoid notices being issued on flimsy grounds, PTI reported citing a senior official on Tuesday.Shashank Priya, Member, CBIC, said the board will soon…