A key inflation reading tomorrow could determine whether the Federal Reserve issues its first interest rate hike in more than three years. The August Consumer Price Index report, scheduled for release at 8:30 a.m. ET on Friday, is the last major inflation snapshot Fed officials will receive before announcing their next interest rate decision on…
Cattle ranchers are speaking out against a Trump administration plan to temporarily waive higher tariffs on ground beef imports, arguing it will undercut their business and prevent them from rebuilding their dwindling cattle herds. President Trump announced on Truth Social last week that the U.S. will import 300,000 metric tons of ground beef — about…
With U.S. inflation easing for two consecutive months, older Americans and other Social Security recipients may see a smaller cost-of-living adjustment for 2027 than was forecast earlier this year, according to two new estimates published Wednesday. The 2027 COLA is now projected at 3.6%, based on the July Consumer Price Index figures released on Wednesday,…
Inflation eased for the second consecutive month, rising at a 3.4% annual pace in July, in line with economists’ expectations and a signal that some price pressures may be easing. By the numbers Economists polled by the financial data firm FactSet predicted July inflation rose at an annual rate of 3.4%. Oil prices surged in…
ISLAMABAD: Pakistan and Iran on Tuesday reiterated their resolve to expand bilateral trade to $10 billion, with Commerce Minister Jam calling for transforming “historic brotherly relations” with Iran into a robust economic partnership. Since March this year, both countries have rolled out a series of measures to facilitate border trade, including easing customs procedures, formalising…
IT wasn’t an ordinary day by any stretch of the imagination, even though it began rather ordinarily. There was little news to interest anyone (and Kashmir was a no-no for television channels). Initially, there came fleeting news about a press conference by the head of ISPR but it wasn’t meant to be. Those who had…
The Pakistan Stock Exchange (PSX) opened the week in the green on Monday, gaining more than 2,100 points to close above the 178,000 mark. The development came as global oil prices tumbled on Monday, after United States President Donald Trump said fresh talks with Iran would begin later in the day. At 11am, the benchmark…
The Trump administration credits its fraud control efforts for the disappearance of millions of people from Obamacare rolls rather than a sharp rise in premiums — a claim disputed by policy experts that glosses over the reality that many more Americans now find themselves without health insurance. Enrollment in Affordable Care Act plans fell by…
The Pakistan Stock Exchange (PSX) opened the week in the green, gaining more than 2,000 points during intraday trade. At 11am, the benchmark KSE-100 index had gained 2273.78 points, from the previous close of 176,094.11 points. The development came as global oil prices tumbled on Monday as Donald Trump said fresh talks with Iran will…
Europe’s wildfire emergency eased across much of western Europe on Saturday, but its most dangerous front shifted to Greece, where gale-force winds drove flames through a seaside resort, forced hundreds to flee by sea and hampered firefighting aircraft. For Greece, the danger carried grim resonance: a 2018 wildfire at the seaside community of Mati, near Athens,…
