Three ways tariffs could hit media stocks, Citi says
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Vladimir Putin’s war chest under threat as oil prices slide
[ad_1] Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A recent plunge in oil prices, prompted by Donald Trump’s trade war, has started to deplete Vladimir Putin’s war chest. Moscow’s budget — about a third of which comes from oil and gas —…
Top economist Larry Summers: U.S. Treasuries were trading ‘like those of an emerging market nation’
[ad_1] Larry Summers was not assuaged by Trump’s tariff pause. The former Treasury secretary under Bill Clinton has a history of making prescient calls on the economy, and his views have always carried great weight with policymakers. Over two wide-ranging interviews with Fortune, he spoke candidly about President Trump’s recent moves and what he sees…
Sebi to review if regulations can work with lesser compliance, lower cost, says Chairman Tuhin Kanta Pandey
[ad_1] Regulation need not be only a tick-box approach, said Securities and Exchange Board of India (Sebi) chairman Tuhin Kanta Pandey. In an interview to Nishanth Vasudevan, Deepshikha Sikarwar and Vinay Pandey, he said rationalisation of regulations will be a key focus for the capital market regulator. Edited excerpts: There is a concern in the…
NASCAR races provide local areas with economic boosts
[ad_1] Bristol Motor Speedway General Manager Jerry Caldwell speaks with FOX Business’ Max Gorden ahead of NASCAR’s 64th Annual Food City 500. The area around Bristol, Tennessee, gets an economic boost when NASCAR comes to town, FOX Business correspondent Max Gorden reported Friday. The Bristol Motor Speedway, nicknamed “The World’s Fastest Half-Mile,” is hosting the…
Bank of England's Greene says dollar drop adds to tariff inflation puzzle
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US dollar’s haven status under threat, fund managers warn
[ad_1] Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US dollar’s status as a haven for global capital could come under threat from erratic policymaking and rising trade barriers, fund managers have warned. On Friday the currency slumped to a three-year low…
Musk finally launches a new low-cost $70,000 Cybertruck—but Tesla fans and investors anticipate little demand
[ad_1] Customers waiting to get behind the wheel of a more affordable Cybertruck have, at long last, an entry-level option courtesy of CEO Elon Musk. But they may be in for a sticker shock—all told, Tesla shaved only $10,000 off the price of the new rear-wheel-drive pickup while simultaneously stripping away a number of features…
Our commitment for press freedom, and autonomy of public broadcast is absolute: Prakash Javadekar
[ad_1] Minister of state (independent charge) for information and broadcasting, environment and climate change Prakash Javadekar has been busy sorting out the various hats he’s expected to wear in this government. He spoke to ET on the Bharatiya Janata Party government’s approach towards media, social media, media controls and much more. Edited excerpts… In terms…
Trump administration moves to crack down on CFPB’s use of regulatory ‘guidance’
[ad_1] Rep. Byron Donalds, R-Fla., on his bill to eliminate the Consumer Financial Protection Bureau, Elon Musk’s directive to federal workers to document work, Congress’ budget reconciliation process and his political future. The Trump administration on Friday moved to review the use of regulatory guidance at the Consumer Financial Protection Bureau (CFPB) to root out what…