2020 Financial News

Pomp Investments' Anthony Pompliano discusses the push for the SEC to approve Grayscale Investments' Bitcoin ETF on 'The Claman Countdown.'

AmeriVet Securities head of U.S. rates Gregory Faranello on the Fed pausing rate hikes, his outlook for the market and the UAW strike.  

With household finances under pressure, some American families are finding medical expenses one bill too much, or even foregoing medical care altogether.

The India Meteorological Department (IMD) on Monday said that the southwest monsoon current has started withdrawing from parts of Rajasthan, indicating the beginning of the end of its four-month journey. The normal withdrawal date is 17 September. The full withdrawal typically takes about a month.

Predator drones of the Indian Navy have flown over 13,000 hours of missions across the Indian Ocean Region from INS Rajali, Naval Air Base here and helped the maritime force keep a close watch on the entire area for interest of the country. The two drones have been operated by the Indian Navy since November 2020 when the force got them on lease from the American firm General Atomics as part of the emergency procurement powers. «The aircraft has the capability to cover over 4,000-8,000 kms in one go and can operate for more than 30 hours in one stretch which allows them to cover the entire Indian Ocean Region in one go,» the second in command of the Navy's drone unit Lieutenant Commander Lokesh Pandey told ANI. Team covered the operations of the most advanced drone of the force here where the Predator showcased its capabilities. Asked about the 15 more advanced Predator MQ-9B drones that the force would be getting from the US under a tri-services deal, the first Mission Commander of the Predator drones in the country Lieutenant Commander Varsha said the new drones being planned would be equipped with weapons including air to ground missiles, bombs and submarine detection kits fitted with sonobuoys which can help detect the hidden enemy submarines. The Predator drones can be equipped with American Hellfire missiles, bombs and other high-level sensors which can be used for carrying out strikes from long ranges against enemy targets. The American forces have used drones to carry out countless strikes against terrorists like al-Qaeda's Ayman al-Zawahiri, and others. The Indian armed forces are getting 31 of these drones in total as part of a deal announced by India during Prime Minister Narendra Modi's state visit to

By Yantoultra Ngui

After years of sales troubles in China, Ford Motor saw a chance to ride the tide of electrification to arrest its demise. From around 2020, the automaker followed Tesla’s formula of bypassing dealers to sell its cars directly to consumers. It introduced the Mustang Mach-E—an electric SUV with the iconic galloping horse logo, which Ford’s executives saw as a strong competitor to Tesla’s EVs.

Americans are unhappy with their choices for president. Nearly three-quarters say President Biden is too old to run again, Wall Street Journal polling finds. More than half say that Donald Trump, his likeliest challenger, took illegal steps to try to reverse his 2020 election loss.

China: Tesla Inc. During the evidence-gathering that precipitated this month’s surprise announcement of an EU anti-subsidy probe into Chinese EVs, the US carmaker was among the companies found to have likely benefited, according to people familiar with the matter. Tesla shares fell 1.6% in premarket trading at 5:58 a.m.

Madhya Pradesh assembly polls, the ruling Bharatiya Janata Party on Tuesday declared the name of one more candidate, taking the tally so far to 79. The latest nominee, Monika Batti, is the daughter of the late Manmohan Shah Batti, former president of Akhil Bhartiya Gondwana Party (ABGP).

U.S. Federal Reserve Chair Jerome Powell said emphatically last week that people «hate inflation, hate it,» but he left another fact unspoken — they also punish the politicians in charge when prices rise. The central bank's quest for a "soft landing" of more slowly rising prices and continued economic growth looks increasingly probable.

India and Canada. The recent assassination of gangster Sukha Duneke in Winnipeg, Canada, has brought this simmering feud to international attention, shedding light on the complex web of violence and criminal activity that spans continents, a TOI report stated. Duneke, who was brutally gunned down with nine shots to the head, reportedly fell victim to a vendetta orchestrated by incarcerated gangster Lawrence Bishnoi.

Sev.en Global Investments’ raid on a majority shareholding in coal miner Coronado Global Resources could soon be followed by the acquisition of more Australian power generation and steelmaking assets.

Jyotiraditya Scindia on Tuesday said dreaming has become a habit of the Congress and the people of Madhya Pradesh will decide in the next 60 days who is nervous in the elections. The ruling Bharatiya Janata Party (BJP) on Monday released its second list of 39 candidates for the Madhya Pradesh assembly polls due this year-end, fielding seven Lok Sabha members including Union ministers Narendra Singh Tomar, Prahlad Singh Patel and Faggan Singh Kulaste. It also fielded BJP general secretary Kailash Vijayvargiya. The election schedule is yet to be announced. With the second list, the BJP has named its candidates for 78 out of the total 230 assembly seats in MP. The Congress claims the BJP has fielded its senior leaders because it is scared of defeat. Asked about it, Scindia told reporters here, «The people of the state will decide in the next 60 days who is nervous in the elections.

By Nandita Bose, Nathan Layne and Jarrett Renshaw

By David Shepardson

After a short, sharp military campaign, Azerbaijan has claimed victory over separatists in the disputed Nagorno-Karabakh region. The territory, which was recognised as part of Azerbaijan but was controlled by Armenian separatists for decades, has been at the centre of a major geopolitical conflict for decades. Due to Azerbaijan's close ties with Pakistan, India has been strategically backing Aremnia via sales of military equipment.

Chinese trade officials say the country’s manufacturers are vital in preventing an annual shortfall of 270 wind towers in Australia as they urge the federal government to scrap anti-dumping duties.

Suncorp banking chief Clive van Horen is leaving amid a contested $4.9 billion sale of the bank arm to ANZ, but he said the move had nothing to do with the prospects of the deal proceeding.

Coronado Global Resources has a new major shareholder, after American The Energy and Minerals Group finally gave up on Australian investors’ willingness to support pure play coal stocks.

Last year’s spike in inflation, to the highest level in four decades, was painful enough for American households