Usa Financial News

Freedom of Information Act (FOIA) is one of the most important tools for keeping the U.S. government transparent. It lets journalists, researchers, and regular people request documents and information to see how the government is really working. This is super important when it comes to Elon Musk’s mysterious Department of Government Efficiency (DOGE), which has been cutting jobs and budgets at federal agencies super fast and without much explanation. FOIA helps uncover what’s really going on behind the scenes.

Department of Government Efficiency (DOGE) is scrutinising the billions of dollars the US government spends each year on consulting services, as per a report.

Donald Trump administration announced on Friday that it was cutting down $400 million in funding for Columbia University due to its continued inaction to squelch antisemitism on campus. Cancelling grants and contracts of the Ivy League school, the US Departments of Justice, Health, Education and General Services Administration (GSA) stated in an official release that these «represent the first round of action and additional cancellations are expected to follow.» At present, Columbia University holds over $5 billion in federal grant commitments.

Two of the accused—Sergeant Jian Zhao and 1st Lieutenant Li Tian—are both stationed at Joint Base Lewis-McChord (JBLM) in Washington state. Zhao, Tian and ex-soldier Ruoyu Duan from Oregan have all been charged with stealing and selling sensitive national defence information, which also includes details of missile-launch technology and military vehicles.

The 20% to 25% tariffs have triggered retaliatory actions from affected nations, increasing economic uncertainty. The Tax Foundation estimates that these measures could push the average U.S. import tax to 13.8%—its highest level since 1939, as mentioned in a report by USA Today.

The statistics also indicated that the unemployment level rose to 4.1 percent from 4 per cent last month. In spite of fears about federal job reductions, especially with the cuts within the Department of Government Efficiency (DOGE), economists believe that the labour market is still holding strong. The cuts with DOGE had resulted in the loss of 10,000 government positions.

Donald Trump and Canadian Prime Minister Justin Trudeau has gotten way worse lately, like two friends who can’t stop fighting. Back in the day, Canada and the U.S. were super close, working together on trade and stuff. But now? Things are messy.

The space plane blasted into orbit from NASA's Kennedy Space Center in December 2023 on a secret mission. Launched by SpaceX, the X-37B vehicle carried no people, just military experiments. Its predawn touchdown at Vandenberg Space Force Base in California was not announced until hours after the fact. Photos showed the white-and-black space plane parked on the runway in darkness.

Trump news updates LIVE: US President Donald Trump is set to deliver remarks to the media shortly, with expectations high regarding potential statements on key policy issues and ongoing developments in his administration.While the White House has not disclosed specific topics, Trump’s address comes amid rising economic concerns, including weaker-than-expected job growth in February, the impact of his federal workforce cuts, and new trade tariffs.Also, Trump’s remarks may touch on foreign policy matters, particularly the ongoing Russia-Ukraine war and his recent statement on potential new sanctions against Moscow.The media briefing follows a period of heightened political and economic activity, and analysts will be closely watching for any policy shifts or announcements that could shape the administration’s next steps.US President Donald Trump has announced that he is "strongly considering" imposing large-scale economic sanctions on Russia in response to its intensified military offensive in Ukraine. In a post on Truth Social, Trump emphasised the urgency of diplomatic negotiations while threatening severe financial measures."Based on the fact that Russia is absolutely 'pounding' Ukraine on the battlefield right now, I am strongly considering large scale Banking Sanctions, Sanctions, and Tariffs on Russia until a Cease Fire and FINAL SETTLEMENT AGREEMENT ON PEACE IS REACHED," Trump wrote."To Russia and Ukraine, get to the table right now, before it is too late.

Ha-Joon Chang is stirring up a heated debate on corporate governance. The South Korean economist, known for challenging conventional capitalist wisdom, has declared that companies should not be run in the interest of their owners — and the reason might surprise you. In a 13-year-old video whose clip recently resurfaced on social media, Chang dismantled the widely accepted belief that prioritizing shareholder profits leads to better business outcomes. Instead, he argues that this model is a ticking time bomb for both companies and the broader economy.

Centers for Disease Control and Prevention were called back to work Tuesday — just two weeks after a round of layoffs ordered by the Trump administration, according to a report. The nation's top public health agency says about 180 employees who were laid off two weeks ago can come back to work. Emails were sent to employees on Tuesday to some Centers for Disease Control and Prevention probationary employees who got termination notices last month, according to current and former CDC employees.

Increasing the retirement age reduces total benefits. When full retirement age climbs to 69, for instance, everyone must wait longer for their benefits. Individuals opting for retirement at 62 will face a further reduction in benefits. Raising the full retirement age to 69 is expected to reduce the benefit amount for persons affected approximately by 13%. Who will this social security change impact the most? The most greatly affected would be workers aged 59 and below. Particularly, employees in physically demanding jobs, or lower-income people, which is the group that may struggle to extend their working lives, will be affected disproportionately. Most of these workers heavily rely on Social Security; hard times can be withdrawn should the payment of benefits be delayed. What are the alternative solutions to fix social security?The alternative measures,

Ryan Wedding's name has been added to the list of 10 most wanted fugitives wanted by the FBI for allegedly operating a drug trafficking network spanning several countries. Also known as "El Jefe", the former Olympian is currently residing in Mexico, the Department of State said on Thursday, while offering a $10 million reward for information leading to his arrest and/or conviction.

The latest figures published by the US Bureau of Labor Statistics today (7 March) came in below market expectations, with economists polled by Reuters predicting the monthly rise in payrolls to hit 160,000 jobs. Nevertheless, the figures for February marked a significant increase from the downwardly-revised figure of 125,000 jobs for January this year. The largest rise was recorded in the healthcare sector, which added 52,000 jobs last month, in line with the average monthly gain of 54,000 over the last year. US adds 256,000 jobs in December as unemployment rate softens Non-farm...

In its annual results today (7 March), the trust attributed its underperformance to a lack of «exposure to the small number of very large companies that dominated market returns, especially in the US», according to Dean Buckley, chair of Alliance Witan. The trust's investment managers, Craig Baker, Stuart Gray and Mark Davis, also noted that the benchmark, which returned 19.6% in 2024 and 15.3% in 2023, stood in stark contrast with its average return figure of 8.4% per annum since 1987, meaning «returns of this magnitude in two consecutive years are rare». Alliance Witan chair Dean Bu...

Subscribe to enjoy similar stories. US President Donald Trump has been relentless in his pursuit of a tariff overhaul ever since assuming office in January. After making Mexico, China, and Canada his first victims (even though he paused some of the moves for a limited time), and threatening 25% tariffs on all steel and aluminium imports, he then announced his intention to introduce reciprocal tariffs on US’s imports from other countries, including India.

Subscribe to enjoy similar stories. President Trump on Thursday suspended for one month the 25% tariffs he placed on Mexican and Canadian products earlier this week. But there’s a catch: The deal only applies to goods that had been traded duty-free under a 2020 North American trade agreement.

United States to complete the necessary formalities for the extradition of Tahawwur Rana, Ministry of External Affairs spokesperson Randhir Jaiswal said on Friday. Speaking at the weekly briefing, Jaiswal stated, you would have seen President Trump's comments regarding the extradition of Rana. The Joint Statement also reflects this sentiment. We are working closely with the US Government to complete the necessary formalities to allow for his extradition to India." Earlier on Thursday (local time), the US Supreme Court rejected the plea of the 26/11 Mumbai attack accused, Tahawwur Rana, seeking a stay on his extradition to India.

U.S. President Donald Trump signed on Thursday an executive order establishing a U.S. strategic bitcoin reserve, as well as a «digital asset stockpile» for other cryptocurrencies, but put potential limits on buying more of the tokens beyond what is held by the federal government.

After years of setting up legal headquarters abroad, Indian startups are increasingly shifting their domicile back to India. Companies such as Razorpay, Udaan, Pine Labs, and Meesho are reversing their earlier decisions, while Zepto has already completed the transition. The trend, known as “reverse flipping,” is being driven by improved IPO prospects, easier compliance, and India's strong economic growth. The shift is not straightforward, with companies requiring multiple legal and regulatory approvals and paying significant taxes. However, India’s maturing capital market is providing a compelling reason for startups to return. Alok Bathija, Partner at Accel, said that while a software firm with $50-$60 million in revenue can now list in India, a similar listing in the US would require nearly $500 million in revenue. With Indian markets offering higher valuations and greater accessibility, more startups are choosing to relocate.

Narendra Modi on Friday sounded alarm over the increasing cases of obesity in India and urged citizens to cut down on their cooking oil consumption to tackle the crisis. Quoting a report by the Lancet journal, Modi said that 44 crore Indians were at the risk of getting obese and called it a 'dangerous' prediction. «A report says by 2050, 44 crore Indians will be obese, which is dangerous,» said PM Modi.