Meta’s Reality Labs posts $4.53 billion loss in second quarter
Blog
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Divided Fed holds key interest rate steady, defying Trump’s demands for aggressive cuts
A divided Federal Reserve on Wednesday voted to keep its benchmark interest rate steady, with two top officials dissenting.
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Federal Reserve issues FOMC statement
Federal Reserve issues FOMC statement
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The income it takes to be in the top 1% of earners in every U.S. state—it’s over $700,000 on average
It takes less income to be in the top 1% this year than last, reflecting broader economic cooling and easing inflation.
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Singapore warns of slowdown in second half of the year as it keeps monetary policy steady
This comes after DPM Gan Kim Yong said the U.S. was “non-committal” on whether the level of tariffs will remain at 10% for Singapore imports into the U.S.
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Australia’s second-quarter inflation drops to lowest since March 2021, supporting case for rate cut
This was lower than the 2.2% expected by economists polled by Reuters, and is almost touching the lower band of the 2%-3% target set by the RBA