Trump Discusses Meeting with Xi Jinping US President Donald Trump spoke on Thursday, May 14, in his first interview following a high-stakes meeting with Chinese President Xi Jinping. The President described the discussion as a significant diplomatic achievement, asserting that his administration is treated with a heightened level of seriousness by the Chinese leadership. He contrasted his approach to foreign relations with

Kevin Warsh was confirmed as Federal Reserve chair on Wednesday, May 13, 2026, placing President Donald Trump’s nominee at the center of a high-stakes debate over inflation, interest rates and the independence of the U.S. central bank. The Senate approved Warsh in a 54–45 largely party-line vote, clearing the way for the former Federal Reserve official to succeed Jerome Powell. The confirmation followed uncertainty tied to a Justice Department investigation involving Powell, whi

For the first time since July 2022, Americans are facing gas prices above $4.50 a gallon, with the national average hitting $4.52 as of May 6. This surge in fuel prices is placing significant political pressure on President Donald Trump, just five months before the 2024 US Midterm elections. Rising gas prices, coupled with low approval ratings, are adding to the growing dissatisfaction over his handling of key issues such as the economy, inflation, and international conflicts.

The numbers on gas station signs across Texas are rising fast—and for many drivers, so is the stress. What used to be a routine fill-up is now a moment of hesitation, as fuel costs eat deeper into already stretched budgets. High gas prices in Texas have surged in recent weeks, climbing from about $2.55 per gallon in early February to nearly $3.78. The sharp increase is being driven by global tensions that have disrupted oil supply routes, sending ripple effects through loca

The Kerala Cooperative Milk Marketing Federation (Milma) has approved a ₹4 per litre increase in milk prices across Kerala, a move that is expected to come into effect from May 20, 2026. The decision was taken during a high-level meeting of the cooperative’s governing body on April 30, 2026, amid growi

Stalled Iran talks push costs to four-year high Gasoline prices across the United States climbed sharply on Tuesday, April 28, 2026, reaching their highest level in four years as stalled negotiations between Washington and Tehran fueled a surge in global oil markets. According to AAA, the national average price for a gallon of regular gasoline rose to $4.18, marking the h

How is U.S. pressure on Iran intensifying? It combines sanctions, blockade, and enforcement as economic and geopolitical forces converge to place unprecedented strain on Tehran, according to a former U.S. Treasury sanctions expert who described the current moment as a rare alignment of leverage. Converging tools create peak economic pressure Miad Maleki, a former Treasury Department sanctions specialist, said the United States is applying multiple pressu

As geopolitical tensions in West Asia continue to disrupt global oil and gas markets, India is showing greater structural resilience compared with past crises, driven by a steady shift in how it produces and consumes energy. Data published in the Reserve Bank of India’s March Bulletin indicates that renewable sources accounted for 26.4 percent of India’s total electricity generation as of January 2026, rising from 22.1 percent in January 2025. This increase reflects a broader tran

From the early 2020s through 2026, U.S. corporations have demonstrated a remarkable ability to sustain and expand profits despite a series of economic shocks, including the COVID-19 pandemic, rising inflation, tariffs, and ongoing geopolitical conflicts. Recent data indicate that corporate profits have reached a record share of gross domestic product, while profit margins—measuring the gap between input costs and final selling prices—remain near historic highs. Executives across m

The International Monetary Fund (IMF) has revised its growth projections for India, forecasting a robust 6.5% growth for both 2026 and 2027, despite the global economic disruptions caused by the ongoing war in West Asia. India remains the fastest-growing major economy, although the IMF's global growth forecast has been downgraded to 3.1% for 2026, a decline from its January projection. The IMF report highlights the toll the war has taken on global markets and supply chains, especially in sect

Consumer confidence in the United States fell sharply in April, reaching its lowest level on record as concerns over rising energy prices and the economic impact of the Iran conflict intensified, according to survey data released on Friday, April 11, 2026. The University of Michigan’s closely watched consumer sentiment index dropped to 47.6, marking a 10.7% decline from March and setting a new historic low. Both the current economic conditions index and the expectations index also p

On April 8, 2026, India’s stock markets experienced a remarkable surge, with the BSE Sensex climbing over 2,700 points, marking a 3.66% increase, and the Nifty rising by more than 3.4%. Investor wealth swelled by over Rs 14 lakh crore during the early trade, signaling a sharp recovery after a period of volatility. This rally was fueled by multiple factors, including easing global geopolitical tensions, softer crude prices, and an increase in investor confidence. The biggest trigge

The U.S. labor market showed signs of recovery on Friday, April 4, 2026, as new data revealed stronger-than-expected job creation in March, even as broader indicators pointed to continued fragility in hiring conditions. According to the Bureau of Labor Statistics, nonfarm payrolls increased by 178,000 in March, surpassing expectations of 59,000 and rebounding from a revised decline of 133,000 in Feb

Gas prices across the United States climbed above an average of $4 per gallon on Tuesday, March 31, 2026, marking the first time since 2022 that national fuel costs have reached this level, according to data released by AAA. The national average for regular gasoline rose to $4.02 per gallon, reflecting a sharp increase of more than $1 compared to prices before the ongoing Iran conflict began on Friday, February 28, 2026. The surge is largely tied to disruptions in global oil markets followin

The Indian rupee has slipped to a new record low, falling to 94.1575 per US dollar, surpassing its previous all-time low of 93.98 set earlier this week. The continued decline is being attributed to growing concerns over the ongoing conflict in the Middle East, which has placed significant pressure on global markets, including the Indian currency. Since the war broke out late last month, the rupee has weakened by about 3.5%, reflecting the heightened uncertainty in international mark