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| 11 November, 2026, 05:56 PM IST | Today's ePaper
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    PHIL JACKSON

    Fed builds credibility, but hawkish turn leaves investors edgy

    In a significant move, the Federal Reserve has raised interest rates for the first time since 2023, marking a shift towards a hawkish stance on inflation management. This unanimous choice has led investors to brace for more potential rate increases, generating ripple effects across asset markets. Following a surge, bond yields have retracted. Yet, the future trajectory of the Fed's monetary policy remains uncertain.

    Jeff Bezos, world's third richest man, received $244,000 jet tax bill as LA County used a secret tracking system to catch wealthy aircraft owners

    Amazon founder Jeff Bezos, who sits on a fortune of $263 billion as the third-richest man on the planet, was served notice by the Los Angeles County for about $244,000 in overdue taxes and fees tied to his luxury jet. The development comes as Los Angeles County is stepping up efforts to recoup overdue taxes from wealthy jet owners. The LA County officials used a secret tracking system to obtain detailed aircraft location data.

    Investors heartened by Warsh inflation talk, still uncertain about Fed action

    Federal Reserve Chair Kevin Warsh made it clear that inflation control is a top priority. He suggested that to combat escalating price pressures, interest rate hikes may soon be necessary. This announcement sent the markets into a hawkish frenzy, heightening expectations for a rate increase come September. Investors remain cautious, eagerly anticipating key economic data on jobs and inflation for guidance on potential Fed actions.

    10 movies likely to dominate the 2027 Oscars — early predictions you can’t miss

    The 2026 film lineup is already generating serious awards buzz, setting the stage for a fiercely competitive 2027 Oscars season. Audiences and critics alike are anticipating a blend of cinematic offerings, from epic adaptations and large-scale adventures to intimate, character-driven dramas. Star-studded casts, visionary directors, and compelling storytelling across genres ensure that both critical acclaim and audience appeal are in play. With so many standout performances and creative projects, these ten films are early frontrunners that moviegoers and awards watchers won’t want to miss.

    Oil climbs with U.S. Federal Reserve pivot

    Oil prices rose over 1% on Friday, driven by U.S. Federal Reserve Chair Jerome Powell's signal for possible interest rate cuts. Brent crude and WTI crude saw notable gains. Powell spoke at the Kansas City Fed’s economic conference, hinting at policy adjustments due to recession concerns and a tight oil market balance.

    Oil climbs with U.S. Federal Reserve pivot

    Both benchmarks hit their lowest since early January this week, after the U.S. government sharply lowered its estimate of jobs added by employers this year through March, raising fears of a possible recession.

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