Fed Governor Waller backs December rate cut as support for weakening labor market

Christopher Waller, governor of the US Federal Reserve, speaks during the C. Peter McColough Series on International Economics at the Council on Foreign Relations in New York, US, on Thursday, Oct. 16, 2025. Michael Nagle | Bloomberg | Getty Images Federal Reserve Governor Christopher Waller on Monday voiced support for another interest rate cut at…

Read More

Fiscal roadmap: Finance Commission submits report for 2026-31; formula for Centre-state tax share sent to President Murmu

Finance Commission submits report to President Murmu (Photo credit- PTI ) The 16th Finance Commission on Monday submitted its report for the five-year period 2026-31 to President Droupadi Murmu, marking a key step in finalising the formula that will determine how central taxes are shared with states, PTI reported.The panel, chaired by Arvind Panagariya, had…

Read More

Peter Thiel’s hedge fund dumps Nvidia stake, cuts back Tesla position

Peter Thiel ‘s namesake fund exited Nvidia in the third quarter, the latest sign of caution around the high-flying artificial intelligence darling. Thiel Macro zeroed out its stake worth nearly $94 million during the three-month period, regulatory fillings show. It marked the fund’s biggest change by dollar value in the quarter, according to InsiderScore. Thiel’s…

Read More

Trade watch: Govt tightens curbs on platinum jewellery; move targets FTA misuse

The government on Monday tightened import controls on select categories of platinum jewellery, imposing licensing requirements until April 30, 2026, in an effort to check misuse of free trade agreements (FTAs), particularly with ASEAN nations, PTI reported.The Directorate General of Foreign Trade (DGFT), in a fresh notification, revised the import policy for these platinum jewellery…

Read More

Trade relief: India to gain from US tariff cuts on select agri items; officials say level playing field restored

India is set to benefit modestly from the United States’ decision to withdraw reciprocal tariffs on a set of agricultural products, including tea, coffee and spices, the commerce ministry said on Monday, PTI reported. The tariff exemptions, announced through a White House Executive Order on November 12, took effect the next day.The move rolls back…

Read More

Plunges 5% as Bitcoin Falls Under $93,000

XRP retreated sharply from the $2.30 ceiling on Tuesday as profit-taking overwhelmed buying interest, with a surge in institutional volume confirming that resistance remains structurally intact. News Background Broader crypto markets remain under pressure as risk sentiment softens and technical signals dominate short-term trading behavior across majors. According to FxPro’s Alex Kuptsikevich, crypto conditions still…

Read More

Delhi car blast case: NIA arrests detained Kashmiri college student, suspect’s father dies of burns in immolation bid | India News

SRINAGAR: The National Investigation Agency (NIA) announced Monday the arrest of a Kashmiri college student from Srinagar linked to Delhi suicide bomber Dr Umar Un Nabi, hours after the suspect’s father died in hospital of burns suffered in a purported immolation attempt outside their home in Anantnag district’s Qazigund.Jasir Bilal Wani, aka Danish, had been…

Read More