LOADING ERROR LOADING WASHINGTON ― Attention Walmart Shoppers: That $18.99 flannel shirt in stores today could soon cost $36.99. Such would be the hyperinflation caused by Donald Trump’s goal to eliminate the income tax and replace it with tariffs, which, in addition to causing a global recession, would also radically shift the tax burden in this country away from the …
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A man looks at the Apple’s new iPhone 15 models last month in Los Angeles. A closely watched category of retail sales that excludes auto dealers, gas stations and building materials and feeds into the gross domestic product jumped 0.6% last month compared to the prior month. “Fed officials have another rate hike this year up on their forecast board, …
At the interbank foreign exchange market, the local currency opened at 79.85 and saw an intra-day high of 79.81 and a low of 79.90 against the American currency Mumbai: The rupee depreciated 4 paise to close at 79.88 against the US dollar on Tuesday, tracking a strong American currency in the overseas market and rising crude oil prices. At the …