Why the Federal Reserve’s September rate cut should be by 0.5%
Share link:In this post: JPMorgan’s Michael Feroli thinks the Fed should cut interest rates by 0.5% in September to stabilize the economy. Inflation is slightly above target, but unemployment is rising, so waiting too long could make things worse. A bigger cut could help boost spending and investment, but it carries risks like potential asset bubbles.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Samsung challenges $520M India tax demand, joins Volkswagen in rejecting penalties
Share link:In this post: Samsung is contesting a $520 million tax demand from Indian authorities for allegedly misclassifying imports of networking equipment. The company has filed a 281-page challenge at the Customs Excise and Service Tax Appellate Tribunal in Mumbai, claiming that similar practices by Reliance Jio went unchallenged. The case follows a similar dispute involving Volkswagen, which is also contesting a $1.4 billion tax demand for misclassified imports.

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