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The US Senate approved a bill allowing President Trump to impose tariffs. This legislation targets nations buying Russian oil and gas, including India. India faces potential 100% tariffs for its energy purchases from Russia. The bill grants the president discretion and includes exemption provisions for allies. This move could impact global energy markets and US…

Consumer goods companies are planning price hikes due to high sugar costs. Bikaji Foods is already implementing a two percent increase on its sweets. Companies face significant cost increases compared to recent months. This pressure comes after previous price adjustments for commodity inflation. Further price increases or grammage cuts are anticipated in packaged foods.

Nvidia’s strong revenue forecast revived the AI trade and lifted the Nasdaq and S&P 500, but Wall Street’s focus is quickly shifting to Fed Chair Kevin Warsh’s Jackson Hole speech. Fresh inflation data and a resilient labour market have complicated the interest rate outlook, leaving investors weighing AI optimism against monetary policy risks.