NEW YORK, June 22 — Wall Street stocks edged lower early today as markets await a hearing with the Federal Reserve chair, amid debate on inflation and infrastructure spending.
Federal Reserve Chair Jerome Powell described the US economy as in the midst of a “sustained improvement,” but still in need of policy support in prepared remarks ahead of a House hearing later today.
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Saudi talks up strength after US cuts military assets | Malay MailABHA, June 21 — A downsizing of US military assets in Saudi Arabia will not affect its defence capabilities, the Riyadh-led coalition said Sunday, after it intercepted the largest number of Yemeni rebel drones in a single day. Washington on Friday said it was cutting the number of troops and air...
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Huge changes for internet and Big Tech under US antitrust proposal | Malay MailWASHINGTON, June 21 — The antitrust overhaul package unveiled in Congress targeting Big Tech, if enacted, could have far-reaching effects on how people use the internet and on America’s biggest and most successful companies. The five bills, due for a committee vote on Wednesday, could pave the...
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US says preparing new Russia sanctions over Navalny poisoning | Malay MailWASHINGTON, June 21 — The United States is preparing fresh sanctions against Russia over the near-fatal poisoning of Kremlin critic Alexei Navalny, a top White House advisor warned Sunday. Jailed opposition leader Navalny, President Vladimir Putin’s most prominent opponent, was arrested in... Mind your own business first, USA (Biden). While busy with somebody else problems, how about your own people are crying for your help?
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Tokyo’s Nikkei drops 3.4pc at break on US rate hike fear | Malay MailTOKYO, June 21 — Tokyo’s key Nikkei index was down over three per cent by the midday break Monday, tracking losses on Wall Street as investors digested Federal Reserve messaging on more restrictive monetary policy. The benchmark Nikkei 225 index ended the morning session at 27,980.87, down 3.39...
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