Joseph Stiglitz Cameron Costa | CNBC Sixteen Nobel Prize-winning economists signed a joint letter Tuesday warning of what they see as economic risks if former President Donald Trump were to serve a second term, including reheated inflation. “While each of us has different views on the particulars of various economic policies, we all agree that … Read more
A consensus appears to be emerging among the external members of the Reserve Bank of India’s monetary policy committee that high interest rates are damaging to economic growth, a sign that the debate over the timing of any easing is intensifying. Jayanth Rama Varma and Ashima Goyal voted at the June meeting for a rate … Read more
Michelle Bowman, governor of the US Federal Reserve, speaks during the Exchequer Club meeting in Washington, DC, US, on Wednesday, Feb. 21, 2024. Kent Nishimura | Bloomberg | Getty Images Federal Reserve Governor Michelle Bowman said Tuesday the time is not right yet to start lowering interest rates, adding she would be open to raising … Read more
(NewsNation) — Once a tool used just by airlines and rideshare apps, companies across industries are now using dynamic pricing to get more money out of customers. Certified financial planner Bobbi Rebell says companies are able to do this based on data, some of which consumers give companies voluntarily and some which they can see in … Read more
(WJET/WFXP) — Olive Garden has announced that it will continue to raise prices, following a drop in sales last quarter. The CEO stated that the company is still avoiding offering discounts to attract customers, despite a decrease in sales and loss of customers. During the company’s earnings call held on Thursday, Darden executives attributed the … Read more
Food inflation in India has been around 8 per cent year-on-year since November 2023, with no signs of easing despite the early arrival of monsoon rains and forecasts of above-normal rainfall. This persistent inflation has kept the headline inflation above the central bank’s target of 4 per cent. Impact of Heatwave on Food Supplies A … Read more
The Swiss National Bank cut interest rates on Thursday, maintaining the central bank’s position as a frontrunner in the global policy easing cycle now underway. The SNB cut its policy rate by 25 basis points to 1.25%, as expected by two-thirds of analysts polled by Reuters, following a similar cut in March. The decision had … Read more
(NewsNation) — Five U.S. cities are considered “impossibly unaffordable” when it comes to housing, placing them among the most expensive markets in the world, according to a new study. Researchers at Chapman University and the Frontier Centre for Public Policy in Canada analyzed 94 major cities in eight countries and determined San Jose, California is … Read more
“Markets keep changing. International developments keep happening. There could be surprises. So, one has to be very alert and agile at all times and try to sort of see, watch the developments in every corner of our own economy and also what is happening all around because things can sort of turn, it takes very … Read more
Hong Kong retained its pole position as the world’s most expensive city for expats in 2024, according to Mercer. Chunyip Wong | E+ | Getty Images Asia’s biggest financial hubs have once again clinched the top spots for being the costliest cities for international workers to live in, according to Mercer. Hong Kong was ranked … Read more
