Donald Trump’s wealth has increased sharply since he returned to the White House in January 2025. The US president is now estimated to be worth around $6 billion, compared with $2.3 billion in 2024, according to Forbes. This means his estimated wealth has increased by about $3.7 billion. US President Donald Trump speaks about his … Read more
US inflation rose in September as consumers paid more for gasoline and other goods. The rise strengthened economists’ expectations that the Federal Reserve (Fed) could increase interest rates in December. US inflation rose to 3.6% in September, increasing expectations of a Fed rate hike in December. (Pexel/Representative image) (Pexel) The Personal Consumption Expenditures (PCE) Price … Read more
The US Federal Reserve is widely expected to keep interest rates unchanged on Wednesday afternoon.The decision comes just a few days before the US midterm elections. Federal Reserve Chair Kevin Warsh faces pressure to explain the rate decision as US inflation rises. (REUTERS/Eric Lee/File Photo) (REUTERS) Federal Reserve Chair Kevin Warsh will have to explain … Read more
SpaceX reported strong third-quarter results on October 20, with its artificial intelligence (AI) business showing major growth. The company’s AI segment, called Super Intelligence (SI), was a key highlight of its latest results. SpaceX’s AI growth highlights opportunities for Nvidia and CoreWeave stocks. (AP Photo) SpaceX’s total revenue jumped 161% year over year to $14.6 … Read more
US job growth slowed more than expected in September and the nonfarm payrolls count for the prior two months was revised sharply lower, almost taking another interest rate hike from the Federal Reserve this month off the table. September’s job growth was weaker than anticipated, adding only 29,000 nonfarm jobs. The unemployment rate increased to … Read more
US inflation data showed mixed signals in August, with the overall Personal Consumption Expenditures (PCE) price index rising 0.3% month-on-month and 3.4% year-on-year. The 0.3% monthly rise in overall PCE inflation was below economists’ expectations. In July, the overall PCE measure had increased 0.1% from the previous month. US PCE inflation rises 0.3% in August … Read more
Middle East oil exports have increased sharply in September, bringing oil flows closer to the levels seen before Iran shut down the Strait of Hormuz in March. The increase could reduce some pressure on global energy prices, according to oil analysts. Oil tankers carry more crude through the Strait of Hormuz as Middle East exports … Read more
Torrential rain brought by cyclone Saudel triggered the landlside Rescuers in southeastern China’s Jiangxi province found one of the people missing after a mudslide triggered by torrential rain from tropical cyclone Saudel, state broadcaster CCTV reported Sunday.However, the person was found dead, bringing the death toll to two and leaving 10 people still missing.The mudslide … Read more
Kathmandu, The death toll due to the devastating flash floods in Nepal rose to 1,252 on Thursday as more bodies were recovered from the affected areas, while risks of fresh floods loomed due to incessant rainfall in the upstream areas of the Bhotekoshi River. Death toll rises to 1,252 in Nepal; risks of fresh floods … Read more
Uber shares rose after the company announced major job cuts. Uber Technologies shares rose about 2.4% in Wednesday morning trading after reports that the company plans to cut around 3,300 jobs, or roughly 10% of its global workforce. The layoffs are part of a restructuring aimed at reducing management layers, cutting costs and making the … Read more