People walk past the Korea Exchange (KRX) building in Seoul, South Korea, on Dec. 9, 2024. Daniel Ceng | Anadolu | Getty Images South Korea’s central bank cut rates by 25 basis points Tuesday to their lowest since August 2022, as it strives to stimulate a slowing economy. The Bank of Korea cut rates to…
Steve Cohen, chairman and CEO of Point72, speaking to CNBC on April 3, 2024. CNBC Billionaire investor Steve Cohen doubled down on his negative view of the U.S. economy due to a backdrop of punitive tariffs, immigration crackdown and federal spending cuts spearheaded by the so-called Department of Government Efficiency. The chairman and CEO of…
Defense Secretary Pete Hegseth has ordered senior military and Defense Department officials to draw up plans to cut 8 percent from the defense budget over each of the next five years, officials said on Wednesday. Mr. Hegseth said in a memo issued on Tuesday that a number of branches within the military and the Pentagon…
The John F. Kennedy Presidential Library and Museum in Boston was abruptly closed to visitors on Tuesday, and the federal agency that operates the site did not provide any explanation for the sudden disruption. Members of the Kennedy family said that Elon Musk’s so-called Department of Government Efficiency had fired members of the library’s staff,…
Reserve Bank of Australia (RBA) at the central bank’s building in Sydney, Australia on May 2, 2022. Brendon Thorne | Bloomberg | Getty Images The Reserve Bank of Australia on Tuesday cut benchmark interest rates for the first time in over four years, joining ranks with other major global central banks, as softening inflation allows…
Cartons of eggs are displayed at a grocery store with a warning that limits will be placed on purchases as bird flu continues to affect the egg industry on Feb. 10, 2025 in New York City. Spencer Platt | Getty Images A Federal Reserve interest rate cut won’t be coming until at least September, if…
Rolls of US pennies are seen in this photo illustration in Washington, DC, February 10, 2025. Saul Loeb | Afp | Getty Images It’s been just over three weeks into the second term of U.S. President Donald Trump, and the flurry of announcements from the White House shows no sign of abating. The administration is…
The 2022 report includes an analysis of 82 universities, the indirect cost rate they receive from federal grants, and the indirect cost rate they receive from private funders such as the Sloan Foundation, Gates Foundation, and the Chan Zuckerberg Initiative. Ten of the schools in the Heritage Foundation analysis did not confirm their indirect cost…
Sanjay Malhotra, governor of the Reserve Bank of India (RBI), during a news conference in Mumbai, India, on Wednesday, Dec. 11, 2024. India’s newly-appointed central bank governor Malhotra said he will look to uphold stability and continuity in policy in his role. Photographer: Dhiraj Singh/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images The…
An Israeli spyware company has reportedly cut access to its clients in Italy following allegations that its product was used to target critics of the Italian government. The move comes after WhatsApp alleged last week that spyware made by Paragon Solutions was used to target 90 WhatsApp users in two dozen countries, including journalists and…
