The pullback in consumer spending will likely be welcomed by Fed officials, who are seeking to cool the economy.
Most economists expect a recession by the second half of the year, though a short, mild one compared to previous ones.
A default by the US government could have catastrophic effects on both domestic and global economies.
Concerns raised by the US-based short-seller sent shares of Adani Group’s listed firms tumbling, eroding $11bn.
After raising rates to highest level in 15 years, the central bank said it will hold off further increases for now.
US DOJ last week charged Bitzlato’s co-founder, a Russian living in China, with running a money-laundering haven.
Musk is on trial for fraud claims for his 2018 tweet that he had ‘funding secured’ to privatise Tesla at $420 per share.
In a letter notifying Congress of the move, Janet Yellen did not alter a projected deadline of hitting debt cap by June.
As 182 economists from around the world issued a call to cancel Sri Lanka’s debt, not all experts agree.
Elon Musk is on trial for claims that he defrauded investors by tweeting he secured funds to privatise his firm Tesla.
The tech sector is facing a demand downturn after two years of pandemic-powered growth when it had hired aggressively.
‘Just because I tweet something does not mean people believe it or will act accordingly,’ the Tesla boss told a jury.
The taxes halted the momentum in Reliance’s oil-to-chemical business built on cheap Russian crude.
Among those losing their jobs are recruiters, corporate staff and people working on engineering and product teams.
