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Elevated and persistent inflation, coupled with a sharp rise in interest rates, are among the greatest near-term risks to the U.S. economic system, the Federal Reserve said Monday, while warning that Russia’s invasion of Ukraine could also affect financial stability. “Further adverse surprises in inflation and interest rates, particularly if accompanied by a decline in economic activity, could negatively affect the financial system,” the central bank said in its latest semiannual…

If you’re like me, you’re hearing one word echoing through the playgrounds and preschools of America: “Liam!” It’s not that Americans have rediscovered the underrated contributions of frontman Liam Gallagher to the 1990s Britpop band Oasis, and as far as I know, we’re still waiting for the actor Liam Neeson to bring his very particular set of skills to the next installment of the Taken franchise. Rather, it’s because for the fifth year running, “Liam” is the most popular name for baby boys in the US, according to data…

STANFORD, Calif.—A former senior Federal Reserve official said it was likely that the central bank would need to raise its benchmark interest rate over the next year to at least 3.5% or to even higher levels that deliberately slow economic growth to bring down inflation. Q&A Breaking Down the U.S. Economic Outlook with Larry Summers Former Treasury…

The Nigerian Communications Commission (NCC) has said it has not given approval for phone companies to raise their rates, after the Association of Licensed Telecommunication Operators of Nigeria proposed a 40 per cent rise in tariffs. The commission said this in a statement signed by its spokesperson, Ikechukwu Adinde, on Friday. Phone companies are seeking regulatory approval for increased rates on voice calls and text messages, citing energy and other rising costs caused by COVID-19…

Newsday Llc | Newsday | Getty ImagesOn top of elevated prices for new and used cars, financing the purchase of one is about to get more expensive.With the Federal Reserve boosting a key interest rate by half a percentage point on Wednesday, borrowing costs are poised to head higher on a variety of consumer loans, including those for autos. This marks the Fed's largest increase in more than two decades."In the past, interest rate hikes didn't affect the new car market significantly because automakers subsidize many loans,"…

Their appeal as a last-mile transport solution in urban areas has seen a huge uptake of e-scooters in cities around the world, driven by the simplicity of dock-free, smartphone-based schemes that make hopping on and off a breeze. But this convenience does come at a cost to public health, with research beginning to illustrate a corresponding rise in hospital admissions. One study suggests they cause more injuries than bicycles, cars and even motorcycles.“There are millions of riders now using these scooters, so it’s more…

The iPhone 13 price cut on Croma makes makes for an enticing deal. Here’s the whole deal explained in simple steps.  Croma has announced the 'Smartphone Fest' back on its platform which is offering up to Rs. 15,000 off on a wide range of brands from Samsung, Vivo, and Redmi to even Apple iPhones. With the inclusion of available price cuts, bank offers, and exchange deals, these smartphones can be purchased at remarkably low prices. Among all these, iPhone 13…

Loss-making telecom operator Vodafone Idea may raise mobile services rates this year as well but it will depend on the market reaction to the increase in tariff that the company made in November, a top official of the company said on Monday.Vodafone Idea MD and CEO Ravinder Takkar during the earnings call said that the minimum price of Rs. 99 set by the company for about a month long service is not an expensive proposition for those who are using 4G services."We would expect that its possible that there could be another…