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Why a jumbo Fed rate cut in September would ‘come across as panicky’
Treasury Secretary Scott Bessent says the Federal Reserve should drastically slash rates. Wall Street isn’t so sure.
Social Security 2026 cost-of-living adjustment predicted to increase 2.7%
Social Security beneficiaries could see a 2.7% cost-of-living adjustment (COLA) next year, which is slightly more than the 2.5% boost U.S. retirees received this year. The new estimate comes from the
+14 relevant news
Will Powell use Jackson Hole speech to push back on hopes for September rate cut?
Federal Reserve Chair Jerome Powell is likely to push back on growing investor expectations for a September interest-rate cut, as the rate-setting committee is still divided over its next move.
Vietnam wants to be the next Asian tiger and it’s overhauling its economy to make it happen
Beneath red banners and a gold bust of revolutionary leader Ho Chi Minh in Hanoi's central party school, Communist Party chief To Lam declared the arrival of “a new era of development” late last year.
Step aside, quiet quitting. Now, employers have to worry about 'quiet cracking.'
In the current employer's job market, workers are staying put and "struggling in silence," says Frank Giampietro, EY Americas' chief well-being officer.
Cisco’s growing AI demand sparks earnings beat, but the stock is falling
Higher-than-expected AI infrastructure orders boosted Cisco’s revenues, with the company beating earnings expectations and cheering a “massive opportunity ahead.”
Fed's Goolsbee is concerned about inflation, not jobs, hinting at high bar for rate cut
Fed's Goolsbee said he's more worried about inflation than weak job growth. His remarks suggest he may not support a September rate cut.
Why Amazon’s ‘major’ grocery expansion is bad news for delivery apps and retailers
The reason this announcement is so significant is that Amazon has yet to displace incumbents in the grocery category, at least for perishables,” Wedbush analysts said.
Switzerland warns its companies that no, they can’t dodge Trump’s tariffs by routing goods through the tiny neighboring country of Liechtenstein
The two neighbors have had a century-long treaty allowing Liechtenstein to share Switzerland’s economic area and engage in free trade.
Bessent Calls for Big Rate Cuts. Futures Markets Aren’t Buying It.
Treasury Secretary Scott Bessent wants Federal Reserve officials to lower interest rates by half a percentage point at the September meeting.
Bitcoin touches record high as crypto rally rages on amid bullish 'fundamental changes'
Bitcoin (BTC-USD) surpassed $123,500 on Wednesday, climbing to a fresh record as institutional adoption and expectations of looser monetary policy drove the world's largest token to new heights. The
CoinDesk Owner Bullish Nearly Doubles in Trading Debut. The Stock Is Already Living Up to Its Name.
Bullish, a Bitcoin trading platform that also owns CoinDesk, is set to be the next big crypto IPO. It has an impressive list of backers.
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