Nikhil Kumar

Nikhil Kumar is The Independent's New York correspondent. He was formerly assistant editor on the foreign desk and has also done a variety of jobs on the city desk, where he wrote about markets, commodities and other business and economics topics.

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Fed plays 'wait and see' on rollback of stimulus

No change, yet: that was the message from the US Federal Reserve on its stimulus policies yesterday as the central bank reiterated its warning that political wrangling over fiscal issues in Washington was "restraining economic growth".

Facebook smashes expectations with latest quarterly figures... but news of fall in teenage users sends stock tumbling

Facebook's stock endured a roller coaster ride, initially surging in after hours trading after the social media giant smashed expectations with its latest quarterly figures but then swiftly shedding its gains when it emerged that the company might be losing the interest of some teenage users, an important demographic.

Customers queue to use the new ATM

That’s handy… world’s first ATM for bitcoins opens in Vancouver cafe

As ATMs go, it’s an unusual one. A kiosk has been set up in a Vancouver coffee shop that lets customers make transactions without needing a bank account or a plastic card. The blue-black box resembles a standard bank cash machine, but is in fact the first real-world portal to the virtual world of bitcoins.

US government $10bn out of pocket after General Motors bailout

Last year, when the key industrial swing state of Ohio landed in President Obama’s column, helping him to re-election, the result was attributed in part to the auto-bailouts that saved the big American car-makers from doom during the Great Recession. But for taxpayers at large, the government’s rescue of General Motors, while safeguarding jobs and helping the company recover, has resulted in a loss of almost $10bn, according to an official report.

Tim Cook at an Apple presentation in September

The iPad Air has been warmly received but is Apple losing its bite?

As growth falters and gizmos dry up, there are concerns the tech firm's boss is failing to do enough to hold off its rivals

The new iPad Air which was unveiled by Apple this month

Apple reports record iPhone sales but profits are still slipping

Quarterly figures will do little to lessen pressure on chief executive Tim Cook

A leading hedge fund manager says Bitcoin might be more than a fad and could be worth investing in

More than a fad or just a Ponzi scheme? How the world is getting used to Bitcoin

The virtual currency is being touted as a good long-term investment, as its value doubles

JP Morgan may face new $6bn lawsuit

JP Morgan is attempting to strike a deal with institutional investors over claims it mis-sold mortgage-backed securities in a move that could see the Wall Street banking giant pay out $6bn (£4bn).

According to the Tea Association of the USA, Americans consumed more than 79 billion cups of tea last year

Forget the Caramel Macchiato: Starbucks applies coffee-shop model to a new taste… tea

The company will offer 'a wide range of unique hot brewed and iced teas, tea lattes and distinctive sparkling and tea fusion beverages'

Job creation shortfall highlights fragility of American labour market

American employers added 148,000 jobs over September, underscoring the still fragile state of the labour market as the Federal Reserve considers changes to its bond-buying programme.

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Day In a Page

Isis is an hour from Baghdad, the Iraq army has little chance against it, and air strikes won't help

Isis an hour away from Baghdad -

and with no sign of Iraq army being able to make a successful counter-attack
Turner Prize 2014 is frustratingly timid

Turner Prize 2014 is frustratingly timid

The exhibition nods to rich and potentially brilliant ideas, but steps back
Last chance to see: Half the world’s animals have disappeared over the last 40 years

Last chance to see...

The Earth’s animal wildlife population has halved in 40 years
So here's why teenagers are always grumpy - and it's not what you think

Truth behind teens' grumpiness

Early school hours mess with their biological clocks
Why can no one stop hackers putting celebrities' private photos online?

Hacked photos: the third wave

Why can no one stop hackers putting celebrities' private photos online?
Royal Ballet star dubbed 'Charlize Theron in pointe shoes' takes on Manon

Homegrown ballerina is on the rise

Royal Ballet star Melissa Hamilton is about to tackle the role of Manon
Education, eduction, education? Our growing fascination with what really goes on in school

Education, education, education

TV documentaries filmed in classrooms are now a genre in their own right
It’s reasonable to negotiate with the likes of Isis, so why don’t we do it and save lives?

It’s perfectly reasonable to negotiate with villains like Isis

So why don’t we do it and save some lives?
This man just ran a marathon in under 2 hours 3 minutes. Is a 2-hour race in sight?

Is a sub-2-hour race now within sight?

Dennis Kimetto breaks marathon record
We shall not be moved, say Stratford's single parents fighting eviction

Inside the E15 'occupation'

We shall not be moved, say Stratford single parents
Air strikes alone will fail to stop Isis

Air strikes alone will fail to stop Isis

Talks between all touched by the crisis in Syria and Iraq can achieve as much as the Tornadoes, says Patrick Cockburn
Nadhim Zahawi: From a refugee on welfare to the heart of No 10

Nadhim Zahawi: From a refugee on welfare to the heart of No 10

The Tory MP speaks for the first time about the devastating effect of his father's bankruptcy
Witches: A history of misogyny

Witches: A history of misogyny

The sexist abuse that haunts modern life is nothing new: women have been 'trolled' in art for 500 years
Shona Rhimes interview: Meet the most powerful woman in US television

Meet the most powerful woman in US television

Writer and producer of shows like Grey's Anatomy, Shonda Rhimes now has her own evening of primetime TV – but she’s taking it in her stride
'Before They Pass Away': Endangered communities photographed 'like Kate Moss'

Endangered communities photographed 'like Kate Moss'

Jimmy Nelson travelled the world to photograph 35 threatened tribes in an unashamedly glamorous style