latest news in economy
Rising Consumer Prices in May Could Force the Federal Reserve to Raise Interest Rates
Washington, Thursday, 25 June 2026.
With consumer spending surging by 0.7%, the Federal Reserve’s preferred inflation gauge hit a multi-year high in May, boosting market expectations for an interest rate hike by September.
The $51 Billion Race: How Embedded AI Is Redefining Global Tech by 2035
New York, Wednesday, 24 June 2026.
By 2035, the embedded AI market will explode to $51 billion, driven by edge intelligence and real-time data processing. The U.S. leads with a projected $16.93 billion, while Europe races ahead in automotive AI and Industry 4.0. This shift marks a pivotal move toward decentralized AI, transforming industries from healthcare to manufacturing. The most striking fact? The market is growing at a 14.28% CAGR, with hardware dominating 58% of revenue—but software is the fastest-growing segment. For investors and businesses, this signals a once-in-a-decade opportunity to capitalize on AI’s next frontier.
How Maharashtra’s New Energy Policy Could Slash Industrial Power Bills by 30%
Mumbai, Wednesday, 24 June 2026.
Maharashtra’s REES Policy 2025-36 is revolutionizing energy costs for industries by enabling battery storage systems to exploit time-of-day pricing. Businesses can now store cheap off-peak power and use it during high-tariff periods, potentially cutting electricity bills by up to 30%. This shift not only boosts cost efficiency but also accelerates India’s renewable energy goals, making it a game-changer for industrial energy consumption.