Economy

Federal Reserve Chair Kevin Warsh official portrait June 2026

Divided Fed Holds Rates Steady; Dow Plunges 1,100 Points on Inflation Alarm

Three FOMC members broke ranks and formally called for a rate hike as the Fed held rates steady for a seventh straight meeting. The Dow fell 1,129 points in its worst session

July 30, 2026

by Economy Desk

Federal Reserve Chair Kevin Warsh speaks at the ECB Forum in Sintra, Portugal, June 2026

Warsh’s Fed Rate Decision Becomes a Cliffhanger as Iran Oil Shock Scrambles Signals

Federal Reserve Chair Kevin Warsh enters Thursday's rate announcement with markets assigning one-in-three odds to a surprise hike, the most uncertain FOMC call since 2020. Iran's oil shock has scrambled the inflation picture that should have made the choice easy.

July 29, 2026

by Jennifer Hicks

Deutsche Bank CEO Christian Sewing at Annual Media Conference 2026

Deutsche Bank Posts Record €1.9 Billion Q2 Profit, Investment Bank at 2019 Highs

Deutsche Bank posted a record second-quarter post-tax profit of €1.9 billion on Wednesday, powered by its

Digital screens displaying trading numbers on the New York Stock Exchange trading floor during the Nasdaq chip stock selloff

Nasdaq 100 Nears Correction as Chip Stocks Bleed for Fourth Straight Day

The Nasdaq 100 dropped 1.8 percent Tuesday, pushing it within striking distance of a 10 percent

Shein fast fashion retailer ahead of Hong Kong Stock Exchange IPO listing in 2026

Shein Discloses FTC Investigation in Hong Kong IPO Filing, Warns of Significant Payments

Shein disclosed in its Hong Kong IPO prospectus that the US Federal Trade Commission is investigating the company's American operations, warning it cannot predict the outcome and that the probe may result

July 29, 2026

Business·Economy·News

2026 Ford Bronco Desert Rising Edition official press photo

Ford Lifts 2026 Guidance After Q2 Beat, Absorbs $3.6 Billion EV Battery Charge

Ford Motor Company raised its full-year 2026 adjusted EBIT guidance to $10.0-$11.0 billion after beating Q2 estimates, absorbing a $3.6 billion non-cash BOSK battery joint venture charge that produced a $1.3 billion

July 29, 2026

Business·Economy·News

Person using laptop representing Visa payment network's AI-driven workforce reduction

Visa Cuts 2,600 Jobs, 7% of Workforce, in AI-Driven Efficiency Push

Visa is eliminating 2,600 positions, or 7 percent of its global workforce, citing AI adoption as the driver of the restructuring. The move places the payment network among a growing list of

July 29, 2026

Business·Economy·News

A Boeing 787 Dreamliner in flight, representing Boeing's commercial aviation operations in Q2 2026

Boeing Q2 Revenue Hits $24.6B as Air Force One Drags a $280M Charge on Earnings

Boeing reported $24.6 billion in Q2 2026 revenue, beating estimates, and returned to positive free cash flow at $631 million for the first time in years. A $280 million Air Force One

July 29, 2026

Business·Economy·News

Visa company headquarters signage in San Francisco California

Visa Cuts 2,600 Jobs, 7 Percent of Workforce, in AI-Driven Efficiency Push

Visa said it would cut approximately 2,600 employees, or 7 percent of its global workforce, with reductions concentrated in technology and product teams as CEO Ryan McInerney pushes an AI-driven efficiency overhaul

July 28, 2026

Business·Economy·News

European stock market display showing shares declining amid chip stock selloff during earnings season

European Shares End Flat as Tech Selloff Blunts Summer Earnings Season Gains

European shares ended Monday's session fractionally lower as a technology selloff originating in the United States blunted gains from a robust summer earnings season. Banking, defense, and industrial stocks provided partial support,

July 28, 2026

Business·Economy·News

Hindustan Unilever HUL products as Q1 FY27 profit falls 4 percent amid commodity cost pressure

Hindustan Unilever Profit Falls 4% as Commodity Costs Erase Sales Gains

Hindustan Unilever posted a 4% decline in quarterly net profit despite growing revenue by more than ten percent, as higher palm oil and packaging costs squeezed margins. Shares in India’s largest consumer

July 28, 2026

Business·Economy·News

Reserve Bank of India emblem as central bank intervenes to support rupee amid falling oil prices

RBI Intervention and Falling Oil Prices Give Rupee Its Best Day in Six Weeks

India’s central bank intervened in currency markets Monday while oil prices fell 2%, giving the rupee its best session in six weeks. Traders cautioned that structural pressures from the elevated import bill

July 28, 2026

Business·Economy·News

Container shipments at Hong Kong cargo terminal amid 42-year record export surge driven by AI chip demand

Hong Kong Exports Hit 42-Year High as AI Chip Demand Rewrites the Trade Map

Hong Kong's total exports surged 53.4 percent in June 2026 to a record HK$641 billion, the city's fastest growth since 1984. AI chip demand fueled the jump, with goods bound for the

July 28, 2026

Business·Economy·News

Social Security Administration office sign for SSI benefit recipients

No August SSI Check: Your Benefit Was Paid on July 31

SSI recipients will receive their August benefit on July 31, four days early, because August 1 falls on a Saturday. The Social Security Administration moved the $994 individual payment ahead of schedule

July 27, 2026

Business·Economy·News

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Economy

Divided Fed Holds Rates Steady; Dow Plunges 1,100 Points on Inflation Alarm

Warsh’s Fed Rate Decision Becomes a Cliffhanger as Iran Oil Shock Scrambles Signals

Deutsche Bank Posts Record €1.9 Billion Q2 Profit, Investment Bank at 2019 Highs

Nasdaq 100 Nears Correction as Chip Stocks Bleed for Fourth Straight Day

Shein Discloses FTC Investigation in Hong Kong IPO Filing, Warns of Significant Payments

Ford Lifts 2026 Guidance After Q2 Beat, Absorbs $3.6 Billion EV Battery Charge

Visa Cuts 2,600 Jobs, 7% of Workforce, in AI-Driven Efficiency Push

Boeing Q2 Revenue Hits $24.6B as Air Force One Drags a $280M Charge on Earnings

Visa Cuts 2,600 Jobs, 7 Percent of Workforce, in AI-Driven Efficiency Push

European Shares End Flat as Tech Selloff Blunts Summer Earnings Season Gains

Hindustan Unilever Profit Falls 4% as Commodity Costs Erase Sales Gains

RBI Intervention and Falling Oil Prices Give Rupee Its Best Day in Six Weeks

Hong Kong Exports Hit 42-Year High as AI Chip Demand Rewrites the Trade Map

Radical Islam is being appreciated by Indian authorities too

Bangladesh; India’s Biggest Ally or China’s Dragon Nest?

Ahmadis in Bangladesh face fresh threat of persecution

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