Department Financial News
17.01 / 12:09
17.01 / 08:51
UPS
wellness
President
Department
rights
Few know Shalanda Young. But she saved the US from the kinds of economic crises Trump now faces
Few Democrats found ways to negotiate with Republicans quite like Shalanda Young — whose work as White House budget director stopped several potential economic crises from erupting
17.01 / 08:51
UPS
Food
President
Department
sanitizer
Courts
Investigations
Labor Department puts spotlight on child labor in slaughterhouses with 3 settlements this week
The problem of kids working in dangerous slaughterhouses continues to be a concern as the Labor Department announced its third agreement this week with a company in the industry agreeing to pay a penalty and reform its practices to help ensure it won’t...
17.01 / 07:07
UPS
Provident
wellness
Doge
country
social
Department
How to make Elon Musk’s budget-slashing dreams come true
Subscribe to enjoy similar stories. Elon Musk and Vivek Ramaswamy plan to whip the American state into shape. On November 14th their newly created Department of Government Efficiency (DOGE) announced that it wants to hire “super-high-IQ small-government revolutionaries" to work on cost-cutting.
17.01 / 04:43
Man
wellness
Trade
reports
Department
Courts
Updates
This farmer lost money on F&O trading and now faces a ₹69 crore tax demand
Subscribe to enjoy similar stories. This is the story of how a small oversight—failing to report trades in his income tax return (ITR) due to lack of awareness—spiralled into a massive tax dispute. The protagonist, a farmer from a small town near Bengaluru, is now facing a staggering ₹69 crore tax demand.
17.01 / 03:01
markets
UPS
security
Parke
Election
Justice
Department
Indian national sentenced to 8 years for attempted attack on White House
Sai Varshith Kandula, 20, on Thursday was sentenced to eight years for an attempted attack on the White House with a rented truck on May 22, 2023. The attack aimed to overthrow the democratically elected American government in order to replace it with a dictatorship fuelled by Nazi ideology, the Department of Justice said.
16.01 / 22:45
COST
UPS
Food
reports
Department
US retail sales rose modestly last month amid solid holiday shopping
Americans stepped up their spending at retail stores and restaurants last month in a clear sign that consumers are still able and willing to shop
16.01 / 22:45
markets
UPS
economy
pandemic
reports
Department
More Americans file for unemployment benefits, but layoffs remain historically low
The number of Americans applying for unemployment benefits rose last week, but layoffs remain historically low and the job market broadly healthy
16.01 / 22:45
Action
wellness
Justice
testing
Department
Courts
Scandals
Toyota's truck division Hino to pay $1.6 billion as part of emissions scandal
A Toyota subsidiary has agreed to pay more than $1.6 billion and plead guilty for violations related to the submission of false and fraudulent engine emission testing and fuel consumption data to regulators and the illicit smuggling of engines into the...
16.01 / 19:21
markets
Career
Election
Universities
reports
Department
Who is Mark Carney, the man who could be Liberal king?
Last month, former Bank of Canada governorMark Carney appeared poised to become the country’s next finance minister. Now, he has an even bigger post in his sights.
16.01 / 16:49
markets
Digital
Strategy
Experts
PAM
Department
Reliance to bring American luxury retailer Saks Fifth Avenue, enters into franchise agreement
Reliance Retail as part of its expansion into the luxury segment is introducing Saks Fifth Avenue, an American luxury department store chain to the Indian market… Its "premium brands business entered into India franchise arrangement for Saks Fifth Avenue," said Reliance Industries in its earning statement on Thursday.
16.01 / 13:53
markets
COST
security
Trade
Department
donates
International
Treasury nominee plans to say at confirmation hearing that Trump will unleash 'economic golden age'
U_S_ Treasury nominee Scott Bessent plans to say at his confirmation hearing that President-elect Donald Trump has an opportunity to unleash “a new economic golden age.”
16.01 / 13:53
Cooper
Action
Department
prevention
Schools
Investigations
Perdue agrees to pay $4 million after children worked hazardous jobs, Labor Department says
The U.S. Labor Department says Perdue Farms will pay $4 million in restitution after it employed children in hazardous occupations in Virginia
16.01 / 10:35
markets
security
Trade
Universities
country
Department
International
Can Donald Trump really weaken the dollar to enhance US trade competitiveness?
Subscribe to enjoy similar stories. One of the more jaw-dropping policy ideas gaining political steam in the US recently has President-elect Donald Trump and his team, on taking office, actively depressing the dollar with the goal of boosting US export competitiveness and reining in the country’s trade deficit. If Trump tries, will he succeed? And what could—and probably would—go wrong? On the question of whether Trump could weaken the dollar, the answer is clearly ‘yes.’ But whether doing so would enhance the competitiveness of American exports and strengthen America’s trade balance is quite another matter.
16.01 / 09:35
markets
Research
Justice
social
reports
Department
Investigations
Hindenburg shutdown: Did the short seller begin to feel the heat?
Hindenburg Research, the US short seller that mounted an attack on the Adani Group and Sebi chief Madhabi Puri Buch, is shutting down. Founder Nate Anderson did not specify any one reason to disband it. «There is not one specific thing — no particular threat, no health issue, and no big personal issue,» he said. «As I've shared with family, friends and our team since late last year, I have made the decision to disband Hindenburg Research,» he added. He explained that the plan was to wind up operations after completing their pipeline of investigative ideas. Notably, the firm recently concluded its final projects related to Ponzi schemes, marking the end of its research activities.
16.01 / 07:29
FIVE
Action
Highways
reports
Department
Traffic
Investigations
NHTSA closes preliminary investigation into General Motors' Cruise robotaxis
U.S. automobile safety regulators are closing their preliminary investigation into General Motors’ Cruise robotaxis without taking further action
16.01 / 07:29
UPS
Provident
Airlines
JetBlue
travelers
Department
Courts
US government sues Southwest Airlines and fines Frontier for chronically delayed flights
The Transportation Department is stepping up enforcement of persistent flight delays with a lawsuit against Southwest Airlines and a fine against Frontier Airlines
16.01 / 03:09
markets
Digital
Platform
Strategy
PAM
social
Department
German defence and foreign ministries depart from Elon Musk's X
Elon Musk's X, with the defence department saying it had become increasingly «unhappy» with developments at the social media platform.
15.01 / 22:23
COST
UPS
Food
outbreak
reports
Department
strain
Energy and food prices drove inflation in December
RBC Chief Economist Frances Donald explains how inflation affects average households on Making Money.
15.01 / 19:59
15.01 / 17:13
Aviat
Airlines
WhatsApp
Department
Customs dept slaps fine on IndiGo; airline to take appropriate legal measure
IndiGo on Wednesday said the customs department has imposed a fine of little over Rs 25 lakh on the company in relation to duty on jet fuel. The fine has been imposed by the Joint Commissioner (Customs), Office of the Commissioner of Customs, Ludhiana.
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