South Africa captain Temba Bavuma and Australia skipper Pat Cummins. (Pic credit: ICC) NEW DELHI: The stage is set for the much-anticipated World Test Championship (WTC) Final as Australia take on South Africa at the iconic Lord’s from June 11–15. While all eyes are on the cricketing contest between two top-class teams, questions have arisen…
US Federal Reserve Governor Christopher Waller hinted on Monday that interest rate cuts could still be on the table in the coming months, even amid potential inflationary pressures from newly introduced tariffs.Speaking at an event in Seoul, South Korea, Waller said, “I support looking through any tariff effects on near term-inflation when setting the policy…
US Federal Reserve Chair Jerome Powell (AP Photo) The US Federal Reserve, led by chair Jerome Powell, kept benchmark rate unchanged in 4.25-4.5% target range at the FOMCmeet on Wednesday. “The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. Uncertainty about the economic outlook has…
Israel will mobilize thousands of reserve soldiers to bolster its campaign against Hamas in the Gaza Strip, the military announced on Saturday night, as the country appeared poised to expand its offensive in the Palestinian enclave. The move prompted fear in Gaza, where Israel has barred food, medicine and other humanitarian aid from entering for…
US President Donald Trump fired a fresh salvo against Federal Reserve chairman Jerome Powell, escalating attacks for resisting further interest rate cuts. The clash is rattling financial markets, raising a critical question: Can Trump actually fire Powell?The answer is murky—and the implications could be huge.Under the Federal Reserve Act of 1913, members of the Fed’s…
US Wall Street experienced a significant sell-off on Wednesday, accompanied by a declining dollar, following pessimistic remarks from Federal Reserve Chair Jerome Powell and concerns over semiconductor company Nvidia. The market atmosphere shifted from its previous stability, prompting investors to seek refuge in gold, which surpassed $3,300 per ounce.Despite positive retail sales figures, US equities…
The US federal reserve will hold off on making any changes to interest rates as it waits for clearer signs on President Donald Trump’s economic policies‘ effect on the economy, Fed chair Jerome Powell said on Wednesday.“For the time being, we are well positioned to wait for greater clarity,” Powell said in prepared remarks to…
The US Federal Reserve faces a more complex scenario in its current decision-making process. (File AP Photo) The US Federal Reserve kept the benchmark rate unchanged in the 4.25-4.5% range in its meeting today. “In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 4-1/4 to…
File photo of Motor Racing driver Kush Maini. (ANI) Indian racing driver Kush Maini has been appointed as a reserve driver for the Alpine Formula 1 team before the season opener in Melbourne on March 16. The 24-year-old from Bengaluru, who currently races in Formula 2, joined Alpine’s junior program in October 2023 and will…
Listen to and follow ‘Hard Fork’Apple | Spotify | Amazon | YouTube | iHeartRadio This week, Google introduced a new way to search, which could mean that Googling as we know it is on the way out. It’s called AI Mode and it is essentially the company’s response to the growing number of people turning…