Latest Finance-Economy News
Fed Signals Potential Rate Cut in June Amid Cooling Inflation
Federal Reserve Chair Jerome Powell indicated during today's FOMC press conference that a rate cut could occur in June if inflation continues to moderate toward 2%. Core PCE inflation dropped to 2.3% in Q1 2026. [1][2]
US-China Trade War Escalates with New Tariffs on Tech Imports
The US imposed 25% tariffs on Chinese semiconductors and EVs, prompting Beijing to retaliate with duties on US agricultural goods. This has caused Dow Jones to drop 1.5% today. [3][4]
Bitcoin Surges Past $95,000 on Institutional Adoption Wave
Bitcoin hit a record $95,200 following BlackRock's announcement of a new spot ETF and regulatory nods in Europe. Ethereum gained 8% in tandem. [5][6]
Eurozone GDP Growth Beats Expectations at 0.4% QoQ
Eurostat reported stronger-than-expected GDP growth for Q1, driven by German manufacturing rebound and French consumer spending. ECB holds rates steady. [7][8]
Argentina Defaults on $10B Sovereign Debt Restructuring
Argentina failed to meet payments on restructured bonds, sparking a 20% plunge in its CDS spreads. IMF negotiations intensify for bailout. [9][10]
Oil Prices Climb to $85/Barrel on OPEC+ Supply Cuts
OPEC+ extended voluntary cuts by 1.2M bpd, pushing Brent crude up 3%. Geopolitical tensions in Middle East add premium. [11][12]
Apple Reports Record Q2 Revenue on AI Chip Demand
Apple's earnings beat estimates with $120B revenue, fueled by iPhone 17 AI features and services growth. Stock rises 4% after hours. [13][14]
UK Inflation Hits 2.5%, Bank of England Delays Cuts
ONS data shows CPI at 2.5%, above BoE target, leading to paused rate cut expectations until Q3. Pound strengthens vs dollar. [15][16]
India's RBI Cuts Repo Rate to 6.25% to Boost Growth
Reserve Bank of India lowered rates by 25bps citing slowing GDP at 6.8% FY26 forecast. Rupee stable. [17][18]
Global Bond Yields Rise as Investors Flee to Equities
US 10Y Treasury yield climbs to 4.4% while corporate bonds see outflows; shift driven by tech rally optimism. [19][20]
Tesla Misses Delivery Targets, Stock Dips 6%
Tesla delivered 420K vehicles in Q1, below 450K expectations due to Cybertruck recall issues. Elon Musk cites supply chain woes. [21][22]