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Eamonn Sheridan

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Trump might be going hungry soon as Tuna and corn syrup are the next foods hit by trade battles
News

McDonald’s flags pressure from SNAP freeze as shutdown squeezes low-income consumers

  • McDonald’s and Tyson Foods executives say the ongoing U.S. government shutdown and suspended SNAP food benefits are hitting low-income consumers hardest. With over 40 million Americans dependent on SNAP, analysts warn the disruption could squeeze spending.
Eamonn Sheridan
12/11/2025 | 02:53 GMT
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Eamonn Sheridan
12/11/2025 | 02:53 GMT
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Central Banks
Federal Reserve building
Central Banks

Fed divisions widen as inflation-versus-jobs debate clouds path to rate cuts

  • The Federal Reserve’s policymakers are increasingly divided over how to balance inflation risks against a cooling labour market. With the government shutdown disrupting official data, hawks and doves are relying on competing narratives, leaving the odds of another December rate cut finely balanced.
Eamonn Sheridan
12/11/2025 | 02:46 GMT
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Eamonn Sheridan
12/11/2025 | 02:46 GMT
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News
central bank dollar
News

Chinese banks inflate lending data with short-term “phantom” loans

  • Chinese banks are inflating loan data with “phantom” short-term lending to meet targets as demand weakens, drawing scrutiny from regulators. Credit growth has slumped to record lows, with investment and local-government financing both under pressure.
Eamonn Sheridan
12/11/2025 | 01:59 GMT
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Eamonn Sheridan
12/11/2025 | 01:59 GMT
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News
Oil
News

Trump plans new offshore oil drilling near California and Alaska

  • The Trump administration plans to lift Biden-era limits on offshore drilling, allowing new oil projects off California, Alaska, and the Gulf of Mexico
Eamonn Sheridan
12/11/2025 | 01:52 GMT
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Eamonn Sheridan
12/11/2025 | 01:52 GMT
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News
jobs
News

Goldman forecasts 50,000 U.S. job loss in October, first since 2020

  • Goldman Sachs forecasts a 50,000 drop in U.S. nonfarm payrolls for October, citing weakening labor demand, rising layoffs, and the expiration of a deferred-resignation program. It would mark the first monthly job loss since 2020.
Eamonn Sheridan
12/11/2025 | 01:31 GMT
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Eamonn Sheridan
12/11/2025 | 01:31 GMT
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