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Joe Biden dropped out of the US election race. Joe Biden dropped out of the US Presidential election race after his dismal performance in the US Presidential debate against Donald Trump. He was presumably forced out on public opinion and approval ratings, but his resignation letter from the Presidential elections spoke otherwise. In his departing, he endorsed Kamala Harris as his successor for the Democrats, and even though things looked good for Kamala Harris until the last few weeks, things fell apart and the Republicans managed to secure a massive election victory. Meanwhile, the visitor logs of the White House from the month of July has still not been revealed publicly, which is now raising serious questions among the American public and the press corps, with some even wondering if the Democrats or Joe Biden has something to be concerned about these visitor logs.

Citadel CEO Ken Griffin issued a warning against the steep tariffs President-elect Donald Trump vowed to implement, saying crony capitalism could be a consequence.

The U.S. House passed legislation that would give the Treasury Department unilateral authority to strip the tax-exempt status of nonprofits it claims support terrorism

Sales of previously occupied U.S. homes rose in October, the first annual gain in more than three years, with home shoppers encouraged by easing rates and a pickup in properties on the market

Securities and Exchange Commission Chair Gary Gensler will step down from his post on January 20

Canadian Prime Minister Justin Trudeau plans to temporarily lift the federal sales tax off a slew of items and send checks to millions of Canadians who are dealing with rising costs as a federal election looms

The average rate on a 30-year mortgage in the U.S. edged closer to 7% this week, climbing to its highest level since July

Ben Woolfitt has the perfectly rumpled look of a Canadian abstract painter of international renown. With his shock of white hair, black-rimmed glasses, green pants and a t-shirt that rides up over his belly when he sits at the kitchen table in his groovy, two-storey painter’s loft, it’s hard to imagine the artist hanging his easels anywhere else.

money-market funds, according to reports. Apollo chief economist Torsten Slok is of the opinion that the rate cuts can trigger a $2 trillion exodus from money-market funds, with assets held in money-market funds hit an all-time high of $7 trillion this month. With the Fed Reserve cutting interest rates, money will start moving out of these funds, and will generate more value when it enters higher-yielding assets during a folio shift. Asset relocation like these could help generate more value, but it may necessarily not be a great news for stocks and the US stock markets, but would instead result in inflows into the credit markets, according to a Business Insider report.

Indian equities have entered correction territory on sustained selling by overseas investors and slowing earnings. Yet, valuations remain stretched relative to trends. External factors such as China's stimulus and US moderating rate cuts have been sold into.

Piyush Goyal Thursday said that India will be cautious in its opening up process till the time it is an emerging economy and it has to maintain a balance between protecting the needs of industry and the different levels of economic development of other countries and non-market economies when it comes to investment. At an event organised by the UK-India Business Council, he also said that India is going to bring out a new legal framework to ensure data privacy that would encourage free flow of data among trusted partners. “Till we are yet an emerging economy or a developed economy, I'll certainly need to have a little bit more caution in my opening up process,” Goyal said.

International Criminal Court to issue arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former defense minister Yoav Gallant, the White House said Thursday. «We remain deeply concerned by the Prosecutor's rush to seek arrest warrants and the troubling process errors that led to this decision. The United States has been clear that the ICC does not have jurisdiction over this matter,» a National Security Council spokesperson said. The statement made no mention of an ICC arrest warrant also issued for Mohammed Deif, the military chief of Hamas.

Treasury Secretary Janet Yellen said the sanctions targeting Russia's largest remaining non-sanctioned bank would further diminish Russia's military effort and «will make it harder for the Kremlin to evade U.S. sanctions and fund and equip its military.» In addition, more than 50 internationally connected Russian banks, 40 Russian securities registrars, and 15 Russian finance officials were hit with sanctions.

Amazon will likely face an EU investigation next year into whether it favours its own brand products on its online marketplace as European antitrust regulators build up a case under landmark rules, people with direct knowledge of the matter said. The US online retailer could face a fine of up to 10% of its global annual turnover if it is found guilty of breaching the European Union's Digital Markets Act (DMA) which seeks to rein in the power of Big Tech. The timing and decision on whether to go ahead with an investigation will be taken by incoming EU antitrust chief Terera Ribera in the coming months, the people said. The Spaniard is set to take up her post next month, replacing outgoing Margrethe Vestager.

stocks after a US court indicted Chairman Gautam Adani and several others in a $250 million bribery case. While the S&P BSE Sensex closed at 77,155.79, down by 422.59 points or 0.54%, the broader Nifty50 finished at 23,349.90, lower by 168.60 points or 0.72%. Here's how analysts read the market pulse: Commenting on the day's action, analyst Jatin Gedia, who is Technical Research Analyst at Sharekhan said that the daily charts suggest that the Nifty witnessed follow-through selling pressure from the previous trading session. «It has breached the low of 23350 and is now heading towards 23180. On the upside 23500 which is the 20-day moving average shall act as an immediate hurdle zone from a short term perspective,» Gedia said.

Russia-Ukraine war completes 1,000 days, it is veering into dangerous territory. While Donald Trump waits in the wings to take over the presidency, the Biden administration, as well as the UK, have allowed Ukraine to hit deep inside Russia with long-range missiles provided by both the countries. Russian President Vladimir Putin had earlier drawn a red line over long-range strikes into Russia with American and British missiles. He had said Ukraine is incapable of launching NATO-provisioned long-range missiles without obtaining targeting data and assistance from the US and its allies, which would mean any such attack would involve the West. In the past few days, a series of developments has brought back the fears of a wider conflict which many apprehend can even turn into a nuclear conflict. The latest is Russia firing an intercontinental ballistic missile (ICBM) from the Astrakhan region on Thursday into Ukraine, marking the first use of such a weapon in the 33-month-long war, according to Ukraine's air force. How quick moves are escalating Russia-Ukraine war

Assets in long-term funds domiciled in Europe increased to €12.3trn by month's end from €12trn at the end of September, according to Morningstar Direct. «Despite the setback in international markets – global equities fell by 2.2% in October while global government bond returns declined by 1.2% – investors continued to show positive sentiment, arguably driven by the decisions of the US Federal Reserve and the European Central Bank to cut interest rates,» Morningstar's senior international editor Valerio Baselli said. Bond funds attracted the highest level of monthly flows since July 20...

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Bitcoin hit a record Thursday, topping $95,000 for the first time as it benefits from expectations that president-elect Donald Trump will push through measures to ease regulation of the unit. The digital currency reached $95,004.50 in early Asian trade, with observers expecting it to soon reach $100,000.

Donald Trump has picked a former Michigan congressman as his upcoming administration’s ambassador to Canada.Trump said in a statement that Pete Hoekstra would help him “once again put America first.”Hoekstra thanked Trump on social media platform X, saying he was honoured for the opportunity.He must still be confirmed by the U.S. Senate.Hoekstra served as U.S.

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