Author: kumbhorg

Despite mounting pressure from President Trump to cut rates, the Federal Open Market Committee (FOMC) voted yesterday to hold the target range for its policy rate constant at 4.25 to 4.5 percent, where it has remained since December 2024. Notably, two members of the committee — Vice Chair for Supervision Michelle Bowman and Governor Christopher Waller — dissented, favoring a 25-basis point cut. It was the first time that two Board members have dissented since 1993. Fed Chair Jerome Powell’s comments at the post-meeting press conference largely echoed his earlier statements this year. He reaffirmed the Committee’s view that the…

Some stuff I am reading today morning: ED arrests ex Chief Dealer of Axis MF (BT) Indian exporters to take a hit on margins (DH) China pushes back US on oil (Yahoo) The difficult task of redeveloping Dharavi (BI) Indian Drones take flight (BW) Stock Talk: Swiggy (Inc42) Commodity: Silver (Katusa) No country for short sellers (Bak Stack) 30% CAGR over 27 years in Oil & Gas Industry (MC) The Information Problem (DR)

Former Indian spinner Ravichandran Ashwin severely criticized Shubman Gill and Gautam Gambhir for committing repetitive mistakes in the England series due to their lack of game awareness.Shubman Gill has really made it count as a batter in England, as he now has the second most runs scored by an Indian batter in a single Test series. He also has the most hundreds by an Indian captain in the overseas tour. But he is no longer just a batter; his role has been magnified with the added responsibility of captaincy.On the other hand, coach Gautam Gambhir has also not had the…

The Montreal Canadiens Can Play the Waiting Game with a Mike Matheson Extension Anthony Di Marco of Daily Faceoff joined TSN Radio in Montreal and was asked about what Mike Matheson could get on his next contract. Di Marco mentions they can be patient with Mike Matheson, and no decisions have to be made right now. NHLRumors.com Transcriptions Host: “Well, you mentioned the money side of it. Do you think that they could come to a team-friendly agreement with Mike Matheson to retain him, given that, like you said earlier, he could very easily go out into the marketing and…

More than three thousand Boeing defence workers went on strike on Monday, in a fresh blow to the embattled aviation giant.It comes after union members at operations in Missouri and Illinois, who build F-15 fighter jets and other military aircraft, voted against the firm’s latest offer over pay, work schedules and pensions.”We’re disappointed our employees rejected an offer that featured 40% average wage growth”, Dan Gillian, who is the vice president of Boeing’s Air Dominance unit, said in a statement.Boeing is struggling to turn itself around after a series of problems, including safety issues and a damaging almost eight-week walkout…

A man has died after falling from a height at an Oasis concert on Saturday, the Metropolitan Police has said.Police said officers and medics at Wembley Stadium in London responded to reports that a man in his 40s had been injured at 22:19 BST. The man “was found with injuries consistent with a fall” and was pronounced dead at the scene, a spokesperson for the force said. Oasis said in a statement they were “shocked and saddened” to hear of the death of a fan.They added: “Oasis would like to extend our sincere condolences to the family and friends of…

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Inter Miami’s Lionel Messi (AP Photo) Inter Miami has announced that their captain Lionel Messi will be out of action indefinitely due to a right leg muscle injury.The Argentine star had to leave the field during Miami’s Leagues Cup match against Mexico’s Necaxa on Saturday, which his team won on penalties.The 38-year-old departed in the 11th minute of the game and walked to the locker room on his own.Go Beyond The Boundary with our YouTube channel. SUBSCRIBE NOW!Medical examinations were conducted to evaluate the extent of Messi’s discomfort that forced his early exit from the match.”The results confirmed a minor…

Erika McEntarfer firing: From Bard College to Bureau of Labor Statistics commissioner Erika Lee McEntarfer, the commissioner of the Bureau of Labor Statistics (BLS), was controversially fired by President Donald Trump hours after the release of a weaker-than-expected jobs report. The dismissal followed a substantial downward revision in employment figures from previous months, which drew criticism and allegations of politicisation from the US president. McEntarfer’s firing marked the end of a notable career in labour economics and public service.Trump accused McEntarfer of incompetence and of manipulating job data to discredit him and Republicans ahead of the 2024 presidential election, claims…

Massive liquidation in the crypto landscape has people wondering what the best crypto to buy now is. With Bitcoin (BTC)  falling from $117k to $113k, and Ethereum sliding down to $3.4k from $3.7k, the market is currently looking bearish. According to an X post by Maelstrom CEO Arthur Hays, macroeconomic factors such as weak credit expansion across leading economies are slowing down nominal GDP growth and could play a part in dragging BTC and ETH down to the $100k and $3k level. BitcoinPriceMarket CapBTC$2.28T24h7d30d1yAll time Hayes’ remarks echo a wider industry concern that strains from tighter credit, rising tariffs and…