Washington Financial News

The Washington Post has reportedly lost more than 200,000 subscribers following a decision announced last week not to endorse a candidate in the presidential race

Just over a week before the election, the court is being asked to step into a dispute over provisional ballots cast by Pennsylvania voters whose mail ballots are rejected for not following technical procedures in state law, AP reported. Also Read: Did Jeff Bezos directly tell the Washington Post editorial board not to endorse Kamala Harris? Here's all you need to know

Also Read: Meghan Markle and Prince Harry haven't been seen together for weeks; is there some toxic reason? Here's all you need to know

Middle East, India has solid oil reserves sufficient to last 12 days, with additional supplies in refineries that can sustain the country for about 18 days. However, any breakdown in the Strait of Hormuz lasting beyond 30 days could have significant lagging effects on the global economy and Indian markets, said former Indian Foreign Secretary Ranjan Mathai on Monday. “Moreover, there is concern that if a war spreads into the Gulf, it could affect the eight million expatriates living there,” he added. The diplomat made these observations while discussing “The Middle East Quagmire: Will the Iran-Israel War Spiral Further?” at an event organized by Synergia, a Bengaluru-based think tank. Speaking about the recent developments and Israel's decision to scale back its attacks on Iran, Mathai believes that US influence remains a key stabilizer in the region, as its presence deters large-scale conflict. “While Israel has formidable military and technological capacities, its vulnerabilities are showing. It currently needs U.S. assistance and must therefore rely on maintaining a solid line of communication with the decision-making authorities in Washington,” Mathai explained, adding that recent figures indicate as much as 40% of the next supply of missiles for the Iron Dome and Arrow will need to come from American sources.

JPMorgan Chase CEO Jamie Dimon has expressed concerns about the wars in Ukraine and the Middle East, and the growing cooperation between US adversaries including Russia, China, North Korea and Iran. “The risk is extraordinary,” he said. “World War III has already begun. You already have battles on the ground being coordinated in multiple countries," he said at the Institute of International Finance’s annual meeting in Washington DC. Jamie Dimon has given a stern warning about geopolitical threats that could hurt the global economy. “Recent events show that conditions are treacherous and getting worse,” he wrote in a press release. According to a report in Business Insider, Jamie Dimon said US adversaries want to topple the world order, and the Russia-Ukraine and Israel-Hamas conflicts could explode into a new world war.

Subscribe to enjoy similar stories. Thousands of Washington Post readers have canceled their subscriptions. Staffers have gone public with their outrage.

Subscribe to enjoy similar stories. KYIV, Ukraine—Ukraine is widening its dragnet in the search for troops to shore up its creaking front lines, conducting spot checks of men at upscale venues including a concert and a wine store in Kyiv and a street of hip eateries in Odesa. The stepped-up efforts show the difficulties Ukraine faces in raising new soldiers to backfill front-line losses as the war approaches the three-year mark.

h debt and escalating wars topped the official agenda at the International Monetary Fund and World Bank annual meetings, but finance leaders spent much of their energy worrying about the potential impacts of a return of Donald Trump to power in November's U.S. presidential election. Republican candidate Trump's gains in recent polls to erase much of the early advantage of his Democratic opponent, Vice President Kamala Harris, was part of nearly every conversation among finance officials, central bankers and civil society groups attending the meetings in Washington this past week. Among concerns were Trump's potential to upend the global finance system with massive tariff increases, trillions of dollars more in debt issuance and a reversal of work to fight climate change in favor of more fossil fuel energy production.

Actor Timothée Chalamet made a surprise appearance at his own look-alike contest in Lower Manhattan on Sunday, a well-attended event that drew an order to disperse from police and at least one arrest.

Trump's four criminal cases are quietly chugging along in court even as his race against Vice President Kamala Harris dominates the news. Important legal battles continue to be fought, and motions to be filed. Even now, Trump's lawyers are preparing for him to be sentenced — possibly to jail time — on his one conviction so far at a hearing in New York City scheduled for three weeks after Election Day, NYT Service reported. Trump has told people close to him that if he wins the election, the legal cases would simply «go away.» On Thursday, he said he would fire Jack Smith, the special counsel who filed two federal cases against him, «within two seconds» if he regains the White House. «I don't think they'll impeach me if I fire Jack Smith,» Trump, who was impeached twice by the House of Representatives, told radio host Hugh Hewitt.

President Joe Biden has slammed Elon Musk for hypocrisy on immigration after a published report that the Tesla CEO once worked illegally in the United States

Missouri voters are considering whether to make the state the 40th jurisdiction to legalize sports betting

Subscribe to enjoy similar stories. WASHINGTON—Two weeks before Israeli warplanes struck Iran Saturday morning, President Biden and Israeli Prime Minister Benjamin Netanyahu agreed on the parameters of the attack in a half-hour phone call, their first in almost two months. After mounting worry that Israel might strike Iran’s oil infrastructure or even nuclear installations, the Israeli leader set his sights on military targets—to the relief of American officials.

The assessments based on commercial satellite imagery were reached separately by David Albright, a former U.N. weapons inspector, and Decker Eveleth, an associate research analyst at CNA, a Washington think tank. They told Reuters that Israel struck buildings in Parchin, a massive military complex near Tehran. Israel also hit Khojir, according to Eveleth, a sprawling missile production site near Tehran.

Shaktikanta Das, the Governor of Reserve Bank of India (RBI), on October 26, received award for A+ grade in Central Bank Report Cards 2024, for the second consecutive year. The award, presented by Global Finance in Washington D.C., USA, recognised RBI Governor's excellent performance and effective leadership in steering India's apex bank through complex economic challenges. In a social media post on X, RBI posted, «Governor @DasShaktikanta received the award for A+ grade in Central Bank Report Cards 2024, for the second consecutive year. Presented by Global Finance at an event held today in Washington DC, USA.»

Washington Post reported on Saturday that South African-born billionaire businessman Elon Musk worked illegally in the United States during a brief period in the 1990s while building a startup company. The news outlet reported that Musk arrived in Palo Alto, California, in 1995 to attend Stanford University but never enrolled in his graduate studies program there. Instead, he developed software company Zip2, which sold in 1999 for around $300 million, according to the outlet. Two immigration law experts quoted by the Post said Musk would have needed to be enrolled in a full course of study in order to maintain a valid work authorization as a student.

The Washington Post says it won't endorse a candidate for president in this year’s tightly contested race and would avoid doing so in the future

Taiwan is making a longshot push to join the International Monetary Fund

headline inflation trajectory is expected to moderate from the last quarter of this financial year, while unexpected weather events and worsening of geopolitical conflicts pose a major challenge, Reserve Bank of India Governor Shaktikanta Das said in Washington DC. On inflation, the RBI Governor spoke about ensuring inflation reaches to the 4% level on a durable basis. Pertinent to note that last week, the governor said that a policy rate cut would be very risky at this juncture. 'Resilient growth has given us the space to focus on inflation so as to ensure its durable descent to the 4 per cent target," Das said at the Macro Week 2024 organised by the Peterson Institute for International Economics at Washington DC.

Ballistic missiles form an important part of Iran's arsenal and were used in its Oct. 1 strike on Israel, an attack that Israel responded to on Saturday with raids on Iranian military sites. Israel warned Iran not to retaliate for Saturday's strikes, the latest salvo in their escalating conflict, while a semi-official Iranian news agency vowed a «proportional reaction». The U.S. Office of the Director of National Intelligence says Iran is armed with the largest number of ballistic missiles in the Middle East. Here are some details:

India Vs New Zealand 2nd Test LIVE Score: Yashasvi Jaiswal and Shubman Gill are currently batting at the Maharashtra Cricket Association Stadium in Pune, aiming to chase down a target of 359. After scoring just 146 runs in the first innings, the Indian batters will be under considerable pressure.