The Federal Reserve kept its benchmark interest rate unchanged at 4.25% to 4.50% on Wednesday, resisting mounting pressure from President Donald Trump to deliver immediate and aggressive rate cuts.
The Australian Dollar appreciates on Thursday, halting its five-day losing streak. The AUD/USD pair maintains its position following the release of key economic data from Australia and its close trading partner, China.
The People’s Daily urged the U.S. to ease export restrictions and highlighted that American firms could benefit from China’s push to boost domestic demand and imports.
Oil prices strengthened further after President Trump threatened penalties on India for importing Russian energy. Meanwhile, Comex copper prices plunged after the US provided new details about its 50% import tariffs.
According to data from China’s National Bureau of Statistics, the purchasing manufacturing index (PMI) slipped to 49.3 in July, compared with 49.7 in June.
The Japanese Yen edges higher against a softer US Dollar during the Asian session on Thursday and recovers a part of the previous day's slide to its lowest level since early April.
The Trump administration is reportedly considering a major restructuring of the FDA’s biologics division, potentially splitting it into separate offices for vaccines and therapeutics.
The Federal Reserve has once again opted to maintain its benchmark interest rate, keeping it within the range of 4.25% to 4.5%. This marks the fifth consecutive time the central bank has held rates unchanged, a decision that was largely anticipated by financial markets. For consumers and businesses,
Meta CFO Susan Li said the company may seek external financing to support its rapidly growing AI infrastructure needs in 2026, with capital expenditures potentially exceeding $100 billion.
Microsoft (NASDAQ: MSFT) shares have experienced a significant jump following its recent fiscal third-quarter earnings report, which not only surpassed Wall Street expectations but also underscored the company's formidable strength in the burgeoning fields of artificial intelligence (AI) and cloud computing. This impressive financial performance signals a robust demand for
In a significant move reshaping international trade dynamics, former President Donald Trump has announced a new trade deal with South Korea, featuring a 15% tariff rate on South Korean goods imported into the United States. This agreement, finalized on July 30, 2025, marks a notable reduction from the previously threatened
President Donald Trump announced that the United States has concluded a deal with Pakistan, centered around developing the nation's "massive oil reserves."
Robinhood Markets Inc. CEO Vlad Tenev expressed a positive outlook towards the future of equity tokenization in the U.S. on Wednesday, despite the potential regulatory hurdles that may arise.
Markets were floating along reasonably well today. Then Fed Chair Powell started talking about using the Fed funds rate to thwart tariff-led inflation in the U.S. economy, and they all dropped significantly.
Export-driven sectors like auto are likely to bear the brunt of Trump’s latest trade move. However, domestic-facing stocks, FMCG and IT may show relative resilience, analysts note.
