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Washington CNN  —  Rising unemployment will likely be what pulls the trigger for the Federal Reserve to finally begin lowering interest rates again, economists say. Since January, the Fed has stood on the sidelines, keeping its benchmark lending rate unchanged at about 4.4%. Officials have said in recent speeches that they want to see how President Donald Trump’s significant policy changes, including on tariffs, affect the US economy first before considering further rate cuts. Renewed tensions in the Middle East add even more to the uncertainty that has paralyzed the central bank. Officials are expected to continue with their strategy…

LAHORE: The International Cricket Council (ICC) on Tuesday unveiled the schedule for the ICC Women’s World Cup, to be jointly hosted by India and Sri Lanka from September 30 to November 2. Pakistan will commence their campaign on October 2 against Bangladesh at the R. Premadasa Stadium in Colombo, where all their group-stage matches are set to be played. This arrangement is in line with the hybrid model announced by the ICC last year. Led by all-rounder Fatima Sana, Pakistan qualified for the eight-team event after an unbeaten run in the ICC Women’s World Cup Qualifier, held in here earlier…

GLASGOW: The Netherlands beat Nepal but needed a record-breaking three Super Overs to clinch victory in their Twenty20 International tri-series match in Glasgow on Monday, the first time a triple Super Over has been seen in T20 or limited-overs cricket. The Dutch posted 152 for seven and appeared set for the win as Nepal required 16 runs from the final over, but Nandan Yadav scored a boundary on the last ball to force a Super Over. Nepal made 19 runs which the Dutch matched thanks to Max O’Dowd hitting a six on the final ball, and a second Super Over…

How Trump accounts workNot unlike a 529 college savings plan, Trump accounts come with a tax incentive. Earnings grow tax-deferred, and qualified withdrawals are taxed as long-term capital gains.Under both the House and Senate versions of the bill, withdrawals could begin at age 18, at which point account holders can tap up to half of the funds for education expenses or credentials, the down payment on a first home or as capital to start a small business.At 25, account holders can use the full balance for expenses that fall under those same guidelines and at 30, they can use the money…

Senate Majority Leader John Thune (R-SD), left, listens to Sen. Mike Crapo (R-ID), center, chair of the Senate Finance Committee, speak to reporters outside of the West Wing of the White House on June 4, 2025.Anna Moneymaker | Getty Images News | Getty ImagesRepublicans proposed offering a tax break to tipped workers, as part of a package of tax cuts the Senate Finance Committee unveiled Monday. GOP lawmakers are trying to pass their multitrillion-dollar megabill in coming weeks.The Senate measure — which aims to fulfill a “no tax on tips” campaign pledge by President Donald Trump — is broadly similar…

Vitranc | E+ | Getty ImagesOne provision in Republicans’ “big beautiful” bill would narrow the relief options for struggling student loan borrowers. House and Senate Republicans both call for the elimination of both the economic hardship and unemployment deferment.Those deferments allow federal student loan borrowers to pause their monthly bills during periods of joblessness or other financial setbacks, often without interest accruing on their debt.Less attention has been paid to the GOP plan to do away with the deferments than its proposals to eliminate several student loan repayment plans and to establish a minimum monthly payment for borrowers.The House advanced…

A stack of 250$ and 1000$ dollar bills, US, 1987. (Photo by Alfred Gescheidt/Getty Images)Getty Images U.S. financial markets are calm now, with stocks rallying in the past two months and bond yields stabilizing following a 90-day reprieve in tariffs that expires on July 8. However, the U.S. dollar is more precarious, as it sank to its lowest level in three years last Thursday, according to the Financial Times. The dollar’s weakening occurred after President Donald Trump told reporters he would send letters to trading partners outlining new tariff rates in the next few weeks. This occurred as investors were…

Nine of the world’s top-10 men and nine of the top-10 women have officially entered into the US Open’s revamped mixed doubles event, tournament organisers said on Tuesday, with former singles champions Carlos Alcaraz and Emma Raducanu teaming up. The competition, which will take place a week before the singles main draw during its “Fan Week”, will award $1 million in prize money to the winning team. Sixteen teams have entered and the entry window closes on July 28, after which the top eight teams with the best combined singles ranking will be in the draw via direct acceptance, with…

LAHORE: The Pakistan Cricket Board on Monday named 60 U-19 men’s cricketers for a Skills Assessment camp starting at the Inzamam-ul-Haq High Performance Centre in Multan on Wednesday. Thirty cricketers will participate in each of the first and second phases. The players in the first phase will undergo match-based skill assessment from June 18 to 23 while the second phase will run from June 25 to 30. Additionally, 10 players who have previously represented Pakistan U-19s and are eligible to feature in the 2026 ICC U-19 World Cup will be called up in the third phase of the camp. The…

STOCKHOLM: Swedish double Olympic pole vault champion Arm­and ‘Mondo’ Duplantis increased his own world record again on Sunday, clearing 6.28 metres to the delight of the home crowd at the Stockholm Diamond League meet. With victory in the event already guaranteed, Duplantis broke the world record for the 12th time as he sailed over the bar at the first attempt to improve on his 6.27m effort at Clermont-Ferrand in February. The 25-year-old ripped off his shirt in celebration and raced down the track in front of jubilant spectators at the Olympic stadium built for the 1912 Games. “It’s a magical…