Bill Financial News

Joe Biden said on Friday he would sign legislation that gives China's ByteDance about six months to divest the popular TikTok short video app as his rival Trump raised concerns about a ban of the service used by 170 million Americans. The U.S. House of Representatives plans to vote on Tuesday or Wednesday of next week on the TikTok crackdown bill after a committee on Thursday unanimously approved the measure. The House will vote on the proposal under rules requiring two-thirds of members to vote «yes» to win approval.

Sam Altman will return to the board of OpenAI, the company said on Friday, just months after a boardroom dustup that saw him fired and rehired by the company behind ChatGPT. Altman was also found to have been wrongly fired in an internal investigation that was launched in the days after his chaotic dismissal last year, the company said.

government shutdown on Friday, as the chamber approved spending legislation for several government agencies just hours before current funding was due to expire. By a bipartisan vote of 75-22, the Senate approved a $467.5 billion spending package that will fund agriculture, transportation, housing, energy, veterans and other programs through the end of the fiscal year on Sept. 30. The package now heads to Democratic President Joe Biden to sign into law.

By Daniel Trotta

one of three bills signed by Democratic Gov. Jay Inslee last year seeking to address gun violence. It requires the industry to exercise reasonable controls in making, selling and marketing weapons, including steps to keep guns from being sold to people known to be dangerous or to straw buyers.

By Anna Tong and Shivansh Tiwary

By David Shepardson

By Makini Brice, Richard Cowan and David Morgan

New Delhi: The government has dropped its plan to amend the bankruptcy law to introduce a special regime for real estate developers, letting creditors instead decide whether individual projects of a distressed developer should be sold piecemeal or as a whole. Last month, the bankruptcy rule maker granted creditors such flexibility, and the government wants to first see how this works, two persons informed about the development said.

A bill that could lead to the popular video-sharing app TikTok being unavailable in the United States is quickly gaining traction in the House

West Virginia could become the 12th state to ban smoking in vehicles with children present under a bill that has won final legislative passage

The Piper Sandler managing director and senior economist weighs in on Fed Chair Jerome Powell's comments on rate cuts, discusses consumer spending and reacts to the jobless claims number.

WASHINGTON—U.S. lawmakers are mounting their most serious attempt to effectively either ban popular video app TikTok or separate it from its Chinese owner, advancing a bill that has more political momentum than previous attempts. As lawmakers prepared to consider the legislation on Thursday, users of the app, which is accessed by more than 170 million Americans, saw notifications urging them to complain to their House representative about the bill.

For financial health and stability, it is vital to build a strong credit history. One can take a number of steps which include paying bills on time, keeping credit card balances low, keeping track of credit score and opting for secured credit card. 

women in India aspire to start their own business, reflecting a strong desire for financial independence and self-reliance. This was shared as part of a report titled PayNearby Women Financial Index (PWFI) showcasing financial consumption by women at retail stores. The survey was conducted by the company among over 5,000 retail stores in the country recording financial transactions of women consumers in those outlets.

Lok Sabha polls in the coming months, 'Nari Shakti' has taken centrestage. When thin margins can become a deciding factor on a large number of seats, no party can ignore this demographic which has coalesced into a new vote bank as more women are getting educated and participating in the labour force, thus gaining independence in making political choices. It has been seen in the recent past how welfare schemes or freebies targeted at women have influenced election results. BJP's Ladli Behna scheme is considered a big factor behind the party's victory in the Madhya Pradesh elections last year while cash handouts to female heads of families and free bus rides for women tipped the scales in favour of Congress in Karnataka elections. Both BJP and Congress have focused their political campaigns on empowering women, with the BJP promoting schemes like the Ladli Behna, slashing LPG prices and highlighting its role in passing Women's Reservation Bill, while the Congress has promised monthly financial aid among other benefits. Additionally, regional parties are also making concerted efforts to appeal to women voters.

The Energy and Commerce Committee 50-0 vote represents the most significant momentum for a U.S. crackdown on TikTok, which has about 170 million U.S. users, since then President Donald Trump unsuccessfully tried to ban the app in 2020.

New Mexico’s State Land Office will withhold lease sales indefinitely on its most promising tracts for oil and gas development in the Permian Basin as it seeks approval by the state Legislature to increase top-tier royalty rates

Also Read: 'I will not bow down': US President Joe Biden tells Russia's Vladimir Putin at State of the Union address 2024 Representative Mike Gallagher, the Republican chairman of the House select China committee, and Representative Raja Krishnamoorthi, the panel's top Democrat, introduced legislation to address national security concerns posed by Chinese ownership of the app. The bill would give ByteDance 165 days to divest TikTok; if it did not, app stores operated by Apple, Google and others could not legally offer TikTok or provide web hosting services to ByteDance-controlled applications.

Bank of India (RBI) directed lenders Thursday to establish a mechanism to monitor the end use of funds for business credit cards and prohibited them from sharing customers' data with outsourcing partners. This is in the context of the RBI clamping down on unregulated co-branded partners working with banks and, in many cases, accessing customer transaction data for their own business purposes.

TOKYO (Reuters) — Japanese consumer spending in January fell by the most in 35 months, government data showed on Friday, although an internal affairs ministry official said the number did not necessarily reflect an overall trend of declining consumption.