US Economy Headed for Downturn in Second Half of 2023, Forecasters Say

US Economy Headed for Downturn in Second Half of 2023, Forecasters Say Business NewsU.S. Economy Headed For Downturn In Second Half Of 2023, Forecasters Say 20 May 2023, 9:59 AM IST 20 May 2023, 9:59 AM IST 20 May 2023, 9:59 AM IST WhatsApp Twitter Facebook Telegram

Jerome Powell Could Face More Opposition as Fed Choices Get Tougher

Jerome Powell Could Face More Opposition as Fed Choices Get Tougher BloombergJerome Powell Could Face More Opposition As Fed Choices Get Tougher 30 Apr 2023, 6:51 PM IST 30 Apr 2023, 6:51 PM IST 30 Apr 2023, 6:51 PM IST WhatsApp Twitter Facebook Telegram

India, China Defense Ministers Meet to Defuse Border Tensions

Li is the first Chinese defense minister to visit India since deadly clashes between their troops in the summer of 2020. The nuclear armed South Asian neighbors, who share a 3,488 Km (2,167 miles)-long disputed border, have been locked in their worst territory dispute in four decades since then.

Taiwan Sees Chinese Economic Blockade More Likely Than War

Taiwan Sees Chinese Economic Blockade More Likely Than War PoliticsTaiwan Sees Chinese Economic Blockade More Likely Than War 14 Apr 2023, 5:38 PM IST 14 Apr 2023, 5:38 PM IST 14 Apr 2023, 5:38 PM IST WhatsApp Twitter Facebook Telegram

Israel Strikes Lebanon, Gaza After Worst Attacks Since 2006 War

Israel Strikes Lebanon, Gaza After Worst Attacks Since 2006 War Business NewsIsrael Strikes Lebanon, Gaza After Worst Attacks Since 2006 War 07 Apr 2023, 9:17 AM IST 07 Apr 2023, 9:17 AM IST 07 Apr 2023, 9:17 AM IST WhatsApp Twitter Facebook Telegram

Fed, BOE, SNB Push Ahead With Hikes

(Bloomberg) — The Federal Reserve, Bank of England and Swiss National Bank all proceeded with expected interest-rate increases this week, reinforcing their commitments to curb inflation despite turmoil in the banking sector. Policymakers in the US and UK hiked by a quarter point while those in Switzerland opted for a half point. All three signaled … Read more

Credit Suisse’s Demise Spurs Protests in Zurich Financial Center

(Bloomberg) — About 200 protesters gathered outside Credit Suisse Group AG’s headquarters in Zurich this evening following the bank’s collapse. The demonstrators, chanting “revolution” and “eat the rich,” threw eggs at the building in Paradeplatz, the heart of the city’s financial district. Police officers looked on as the protesters made speeches against the power of … Read more

Inside TikTok’s Fight to Avoid a US Ban

Inside TikTok’s Fight to Avoid a US Ban 20 Mar 2023, 7:23 AM IST 20 Mar 2023, 7:23 AM IST 20 Mar 2023, 7:23 AM IST WhatsApp Twitter Facebook Telegram

HSBC Starts to Dig Into What It Bought From Silicon Valley Bank

A sign above a HSBC Holdings Plc bank branch, that is due to close, in Windsor, UK, on Tuesday, Dec. 6, 2022. HSBC Holdings Plc has announced plans to shutter more than 100 of its UK branches next year as the bank pushes more of its customers to use its online services. Photographer: Jason Alden/Bloomberg

The Fed Doesn’t Care About Wall Street as Much as Wall Street Thinks

“Powell doesn’t really care whether the stock market is up or down,” says Bob Elliott, who co-founded Unlimited Funds in New York after a 13-year career at Bridgewater Associates. This, he says, is crucial for traders to understand. Some will bail out of stocks early in a rally out of misplaced concern that the gains … Read more