2020 Financial News

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

Scientific American has only twice received presidential endorsements. After receiving a presidential endorsement, a prestigious science magazine, only the second in its 179-year history, has entered the political arena. On Monday, Scientific American announced its official endorsement of Democratic presidential candidate Kamala Harris with the headline, ‘Vote for Kamala Harris to Support Science, Health, and the Environment.’ After supporting President Joe Biden in the 2020 election, Harris is Scientific American's second-ever presidential endorsement in the publication's history. The editors pushed a candidate who offers the country better prospects, relying on science, solid evidence, and the willingness to learn from experience, writing that the US faces two futures. In the other future, the new president puts public health and safety in jeopardy and rejects evidence, preferring instead absurd conspiracy theories. Also Read: Is US Secret Service probing Elon Musk over Donald Trump assassination attempt tweet?

Donald Trump by two percentage points, according to a recent nationwide poll conducted by Fox News. According to the survey, registered voters' opinions of the presidential candidates for 2024 have changed by three points since August. Trump was ahead by one point the previous month, but Harris is currently ahead by two points. In the Fox survey, the Democratic candidate had a 50% favorability rating while her opponent had 48% of the vote. 72% of Trump's followers say they approve of his record and policies. Nearly 20% of respondents claim to simply dislike Harris. Supporters of Harris are somewhat more divided: 42% of them support her because they appreciate her record and policies, 24% because they think she is a good person, and 33% because they detest Trump. The latest survey is the result of several incidents that might have given Harris more backing. August saw the Democratic National Convention. Kennedy's name was taken off of several ballots around the nation when Robert F. Kennedy Jr. withdrew from the presidential contest and announced his support for Donald Trump. Politicians like former Representative Liz Cheney and Vice President Dick Cheney's daughter, as well as celebrities like Billie Eilish and Taylor Swift, have endorsed Harris. There seems to have been another attempt on Trump's life. Based on Fox polls, the largest shifts are coming from independent and Hispanic voters. Independent voters preferred Trump by eight points in August. Harris is currently in the lead by 12 points.

import tariffs is unfair as many nations including the US protect their domestic industries by imposing high customs duties on certain products. The highest tariff levied by Japan is 457%, Korea is 887%, the US is 350% while India’s is 150%, it said, suggesting that the US should consider negotiating a free trade agreement with India if it is keen on zero tariff access. As per the GTRI report, the US imposes high duties on items like dairy products at 188%, fruits and vegetables at 132%, cereals and food preparations at 193%, oilseeds, fats and oils at 164%, beverages and tobacco are 150%, and minerals and metals at 187%.

Subscribe to enjoy similar stories. NEW DELHI : The Indian arm of Norwegian investment company Orkla ASA, which sells spices and food products under the MTR Foods and Eastern Condiments brands in the country, is likely to complete its business restructuring in another 12 months before exploring a public listing, said a top executive. The company announced in October 2023 that its India businesses would be reorganized into one entity, Orkla India.

Sana Khan married cleric Mufti Anas Syed in 2020 and left showbiz. In a recent interview with The Times Of India, Khan revealed that she was in a “very bad phase,” when she met her husband and was even contemplating suicide. However, her unwavering faith (the act of suicide is considered a sin in Islam) kept her from giving in to self-destructive thoughts.

Nike Inc. has named Elliott Hill as its president and CEO effective, replacing John Donahoe, who will retire next month

Subscribe to enjoy similar stories. TOKYO—The Bank of Japan left its short-term policy rate unchanged Friday as it examines how the economy and markets are digesting its most recent interest-rate increase. The Japanese central bank maintained its target for the overnight call rate at 0.25% after raising it to that level in July.

Federal Reserve cut interest rates for the first time in more than four years citing lower inflation expectations and a slowing jobs market. A look at what it means for investors and Indian equities:

As the U.S. Postal Service faces delivery slowdowns, U.S. Sen. Jon Ossoff, a Democrat from Georgia, has proposed legislation to impose stricter oversight on who leads the agency

Indian investments and commodities in the Chinese market and also hopes that India will provide a «sound business environment» for Chinese firms in the country, Beijing's ambassador to India, Xu Feihong, said on Thursday. The comments signal a willingness from Beijing to forge deeper economic ties with New Delhi that have been strained since a deadly clash between their troops on a Himalayan frontier in 2020. India heightened scrutiny on Chinese investments after the clash and created new layers of red tape for Indian firms with Chinese stakeholders. But the Indian government is now looking to loosen some of these restrictions as its firms struggle to scale up manufacturing.

Taxpayers show up in federal court almost every week hoping to hang on to their COVID-19 benefits after being found ineligible by the Canada Revenue Agency, but they are usually unsuccessful.

Subscribe to enjoy similar stories. Goa: In August 2020, at the height of the pandemic, Sapna Dickson drove down to Goa with her two cats and three friends. The work-from-anywhere era had begun, and Dickson, an advertising professional, grabbed the first chance to get out of Mumbai, a city she had lived in for two decades.

The Fed's move comes on the back of growing confidence in US economic data and after annual inflation dropped to 2.5% in August, beating market expectations. Eleven members of the Federal Open Market Committee (FOMC) voted in favour of the 0.5 percentage point cut, with one member, Michelle Bowman, opting instead for a quarter-point reduction. The cut was also the largest taken by Fed policymakers since 2020, when the Covid-10 pandemic struck. Fed rate cut a 'near certainty' as US inflation drops to 2.5% beating expectations In his speech on Wednesday (18 September), Fed chair J...

Subscribe to enjoy similar stories. The US Federal Reserve has cut interest rates by 50 basis points for the first time since 2020, paving the way for global monetary policy easing, including India. According to Macquarie, the biggest beneficiary of interest rate cuts within the banking, financial services and insurance space could be non-banking financial companies or NBFCs.

polling data shows surprising results for Kamala Harris and Donald Trump in key battleground states. In Pennsylvania, which carries 19 electoral votes and supported the Democrats in 2020, Kamala Harris is ahead of Donald Trump with a 51% to 45% vote share difference. This data was released by Quinnipiac University. Last month, Harris had a smaller lead of three points. In Michigan, which has 15 electoral votes, the survey indicates Harris leading Trump 50% to 45%.

The Fed's move comes on the back of growing confidence in US economic data and after annual inflation dropped to 2.5% in August, beating market expectations. Eleven members of the Federal Open Market Committee (FOMC) voted in favour of the 0.5% cut, with one member, Michelle Bowman, opting instead for a quarter-point reduction. The cut was also the largest taken by Fed policymakers since 2020, when the Covid pandemic struck. Fed rate cut a 'near certainty' as US inflation drops to 2.5% beating expectations In his speech on Thursday (18 September), US Federal Reserve chair Jerome...

Subscribe to enjoy similar stories. IndiGo’s flight expansion plan is facing headwinds due to the grounding of over 70 aircraft on account of problems with its Pratt & Whitney engines. The grounding has implications for the aviation sector and air fares.

Subscribe to enjoy similar stories. In 2020, theWall Street Journal reported that two senior executives at SoftBank Group—Nikesh Arora and Alok Sama—had been targeted by internal rivals in a smear campaign. According to the report, these rivals had sent letters to the Japanese investment firm’s board levelling serious allegations against the two executives, triggering investigations into their India-focussed investments.

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

Fed Reserve Chair Jerome Powell holds press conference after announcing highly anticipated decision on interest rates.