U.S. Treasury Secretary Scott Bessent speaks during a press conference to unveil the official Trump Accounts website, at the Treasury Department in Washington, D.C., U.S., December 17, 2025. Aaron Schwartz | Reuters Treasury Secretary Scott Bessent on Thursday pressed the administration’s desire for lower interest rates, saying they are theRead More →
U.S. President Donald Trump gestures during an announcement from the State Dining Room at the White House in Washington, D.C., U.S., Oct. 23, 2025. Jonathan Ernst | Reuters President Donald Trump on Friday exempted key agricultural imports like coffee, cocoa, bananas and certain beef products from his higher tariff rates. The moveRead More →
A worker on the production line at the new Ferrari NV E-building factory in Maranello, Italy, on Friday, June 21, 2024. Bloomberg | Bloomberg | Getty Images Shares of Ferrari plunged more than 14% on Thursday after the luxury carmaker updated its full-year and 2030 guidance and scaled back itsRead More →
Microsoft warns customers of ‘increased latency’ in connectivity and says efforts are under way to resolve the issue. Published On 7 Sep 20257 Sep 2025 Internet disruptions have been reported in the Middle East and South Asia after multiple undersea cable cuts in the Red Sea, tech giant Microsoft, whichRead More →
Omar Marques | Lightrocket | Getty Images The price of ether smashed through its 2021 record on Friday after Federal Reserve Chair Jerome Powell hinted at upcoming rate cuts and investors returned to risk-on mode. The second-largest cryptocurrency surged 15% late Friday, rising as high as $4,885.00 and surpassing itsRead More →
Federal Reserve Chair Jerome Powell on Friday gave a tepid indication of possible interest rate cuts ahead as he noted a high level of uncertainty that is making the job difficult for monetary policymakers. In his much-anticipated speech at the Fed’s annual conclave in Jackson Hole, Wyoming, the central bankRead More →
Officials warn Ukraine’s strike on Unecha oil pumping station risks halting supplies for at least five days. Hungary and Slovakia have raised the alarm over possible fuel shortages after a Ukrainian strike on Russia’s Druzhba pipeline, saying deliveries could be suspended for several days. On Friday, officials from both countriesRead More →
Australia’s central bank said on Wednesday that monetary policy was restrictive with the current cash rate causing financial pain for many households, but it could not rule out further tightening if necessary to tame inflation. Pavlo Gonchar | Lightrocket | Getty Images Australia’s central bank cut its benchmark lending ratesRead More →
Bank of England, the Royal Exchange and the statue of the Duke of Wellington in the City of London on 19th February 2025 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images The Bank of England voted by a fine margin to cut interest rates from 4.25% to 4%Read More →
WASHINGTON – A divided Federal Reserve on Wednesday voted to keep its benchmark interest rate steady, despite a barrage of criticism from President Donald Trump and dissents from two top officials. The Federal Open Market Committee, the group that sets the overnight borrowing rate, voted 9-2 to stay on hold.Read More →
