Newly appointed Reserve Bank of India Governor Sanjay Malhotra after addressing a press conference, in Mumbai on Dec. 11, 2024. Indranil Mukherjee | Afp | Getty Images India’s central bank on Friday kept its policy rates steady, as trade deals with the E.U. and the U.S. are set to support the world’s fastest growing large…
A House Financial Services Committee hearing descended into chaos and personal invective on Tuesday as Treasury Secretary Scott Bessent clashed with Ranking Member Maxine Waters (D-CA) over the economic impact of President Trump’s tariff policies. The heated exchange, ostensibly about inflation and housing costs, culminated in a tense standoff where Waters repeatedly silenced the Secretary,…
An employee at the Celsior Wadamachi supermarket in Yokohama, Japan, on Thursday, Jan. 15, 2026. Soaring food costs are a key component driving broader inflation higher, with data Friday expected to show consumer price growth has stayed above the central bank’s 2% target for four straight calendar years. Bloomberg | Bloomberg | Getty Images Japan’s headline inflation…
On Tuesday morning, all eyes on Wall Street seemed glued to the nearest screens in expectation that the Supreme Court would finally disgorge its opinion on the legality of President Trump’s tariffs. It had been a long wait: The Court heard oral arguments on the issue Nov. 5, when questions from the justices suggested that…
A shopper browses fruit and vegetables for sale at an indoor market in Sheffield, UK. The OECD recently predicted that the UK will experience the highest inflation among all advanced economies this year. Bloomberg | Bloomberg | Getty Images The U.K. inflation rate rose to 3.4% in December, above forecasts of 3.3% from economists polled…
WASHINGTON — White House officials were caught by surprise when a post appeared Sunday night on the Federal Reserve’s official social media channel, with Jerome Powell, its chairman, delivering a plain and clear message. President Trump was not only weaponizing the Justice Department to intimidate him, Powell said to the camera, standing before an American flag. This…
A shopkeeper arranges Santa Claus decorative items displayed at a market ahead of the Christmas celebrations in Srinagar, Jammu and Kashmir, on December 9, 2025. (Photo by Firdous Nazir/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images India’s consumer inflation rose to 1.33% in December accelerating from 0.71% in the prior month. The headline…
HOUMA, La. — For nearly 50 years, James Blanchard has made his living in the Gulf of Mexico, pulling shrimp from the sea. It’s all he ever wanted to do, since he was around 12 years old and accompanied his father, a mailman and part-time shrimper, as he spent weekends trawling the marshy waters off Louisiana. Blanchard…