Election Financial News

Lingo Telecom agreed to pay a $1 million fine after the agency said it transmitted fake robocalls imitating President Joe Biden seeking to dissuade people from voting for him in New Hampshire's Democratic primary election, a US government regulator said on Wednesday. The Federal Communications Commission said Lingo transmitted spoofed robocalls that used generative artificial intelligence voice-cloning technology «to spread disinformation.» The calls were directed by political consultant Steve Kramer, who has been charged by the New Hampshire state attorney general's office. The FCC earlier proposed fining Lingo $2 million for allegedly transmitting the robocalls in January. The FCC said Lingo under the settlement will implement a compliance plan requiring strict adherence to FCC caller ID authentication rules.

Tim Walz accepts the Democratic nomination for vice president on Wednesday with 11 weeks to go before he and presidential running mate Kamala Harris face Republican former President Donald Trump in the 2024 U.S. election. Walz, 60, a military veteran, former high school teacher and football coach, will talk about growing up on a farm in Nebraska, his family and freedoms that Democrats say are under attack from Trump, making his third run for the White House. Walz has brought a folksy charm to the campaign trail, describing himself and Harris as «joyful warriors» focused on a brighter future, in contrast to Republicans who they say are stoking fear and division.

stocks inched higher on Wednesday amid range-bound trading after investors parsed a steep downward revision in payrolls, and the release of the minutes from the most recent meeting of the Federal Reserve, which cemented expectations for a September rate cut. All three major U.S. stock indexes closed modestly higher.

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...

stock markets have already taken an affinity towards Kamala Harris as soon as she entered the Presidential poll race after replacing Joe Biden on the ticket. According to Market Watch, the chances of Harris winning the polls are 64% based on the stock market trends that were earlier behaving in a rather non-predictable manner. The stock market's shift towards Harris is a positive sign as it means that the investors are backing the Democrats and counting on them for the country's economy in the future. Although, this may have little impact on the polls, but the majority share of these investors are voters, and therefore some data extrapolation and analysis can help in understanding the current political landscape, ahead of the US Presidential Elections 2024.

There's a lot of debate about how much signal to take from the 818,000 downward revisions to U.S. payrolls — the largest since 2009. Is it signaling recession?

The Democratic convention presents Fox News Channel with a delicate challenge — how to cover a party suddenly enthused about its election chances when much of its audience has a different political view

An ambitious plan to build a massive solar farm in remote northern Australia to transmit energy by a submarine cable to Singapore is a step closer after the Australian government granted environmental approvals for the $19 billion project on Wednesday

Robert F. Kennedy Jr. is contemplating ending his campaign to potentially ally with former President Donald Trump. As per the reports of Yahoo news, Nicole Shanahan, Kennedy's vice presidential candidate, revealed in a recent interview that they might withdraw from the race to support Trump. Shanahan highlighted that running as independents could divide votes and benefit Democrats Kamala Harris and Tim Walz in the upcoming election. They are considering whether to merge with Trump's campaign or drop out entirely. The decision timeline has not been disclosed.

Arslan Butt is a professional live webinar speaker and derivatives (cryptocurrency, forex, commodities, and indices) analyst. He brings a broad range of skills to help beginners evaluate financial...

Election Commission on Wednesday halted the release of the result of the ongoing recruitment process in Haryana until the completion of Assembly elections in the state. This follows a complaint from Congress MP Jairam Ramesh, alleging violation of Model Code of Conduct in the process of recruitment against 5600 vacancies for the post of Constable in the Haryana Police, 76 posts of TGT and PTI by Haryana Staff Selection Commission (HSSC) and recruitment for various posts by Haryana Public Service Commission (HPSC).

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Champai Soren announced on Wednesday that he is willing to start a new political party ahead of the upcoming polls in Jharkhand. “I had mentioned three options earlier, that of a friend, the prospect of retirement and an organisation. I will not retire. We may form a new party, forge a new alliance and if I meet new people, I shall forge a new friendship, too…,” he said. When asked about forming a new party, Soren stated that he might form a new political party, if need be. Further, he reiterated that he will not be retiring from politics.

«The Modi 1.0 and the 2.0 had such a strong emphasis around the infra space and so I think there was a lot of confidence that the government through a mix of disinvestment, divestment, professionalising these companies, getting in private sector honchos to head it, and would improve their performance and so that, I would say, in a way, helped these stocks,» says Sunil Subramaniam, Market Expert. You just heard it from our research analyst, the kind of valuations some of these fancy defence, railway names are sitting at, the kind of growth trajectory and more importantly of late the kind of stock fall some of these stocks have seen, both on a monthly as well as on a weekly basis. Having said that, I mean, if you were to just elongate the chart for another one or two years, perhaps, a 30% fall is negligible, given the kind of returns some of these stocks have made. So, what is the right way of looking at the recent fall that some of these names have seen? Sunil Subramaniam: I think for an existing investor who got in early into this space, it is good to book profits. And the reason I say that is that A) a huge valuation gap between the same private sector related companies and the public sector. So, there was a catch-up rally happening because historically, they have always been at a discount to the private sector.

Jantar Mantar in Delhi on Wednesday, marking the 10th day of their indefinite strike over the alleged rape and murder of a medic in a Kolkata hospital. «It's very important to understand that we are fighting for better working conditions in our own workplace,» one of the protesting doctors said. Elective services in several government hospitals across the city have remained suspended due to the protests. Resident doctors arrived at Jantar Mantar at 11 am for the protest, marking their second gathering there after Saturday.

This week’s Democratic National Convention may not just be notable for U.S. Vice-President Kamala Harris’s historic nomination for president, but also for the number of high-profile Republican speakers supporting her.

Santosh Rao, Head of Research, Manhattan Venture Partners, says more than 50 basis points rate cut by Fed would cause panic. It means the economy is deteriorating and they do not want that to happen. As long as they keep cutting rates, 25 bps, gold will be steady. But if they cut a lot, gold will go spike much higher. $3000 is in the bag at that point. What do you make of gold at $2,500? We understand that investors are looking at the Fed's rate cut decision to major escalations in the Middle East and the Russia-Ukraine conflict, but to what extent do geopolitical tensions drive these prices, and for how long will gold remain at these elevated levels? Santosh Rao: There is a fundamental shift in the way investors are looking at gold. It was a safe-haven trade in the past, but now it has become a big part of a diversified portfolio. It does move with the stock market, but not one-to-one correlation. When the stock market fell recently in the US, gold fell as well, but not as much. So, it outperformed the broader indexes.

Suzuki Motor Corporation (SMC), the company's majority shareholder, confirmed this move, as per the Business Standard report.Livemint could not independently verify the news development.“We are currently adjusting production to reduce market stock and are closely monitoring demand trends. India will be in a critical period with the upcoming festival season, so we will closely monitor demand trends," Suzuki Motor Corporation told analysts in a conference call, Business Standard reported quoting the transcript of the call.Despite a 7.4 per cent year-on-year increase in production to 496,000 units during the first quarter, sales growth lagged significantly, rising by only 1.2 per cent to 427,000 units, according to the Business Standard report.This slowdown in car sales has sparked concerns throughout the Indian auto industry, accumulating unsold vehicles at dealerships.

Michelle Obama returned to the political spotlight at the Democratic National Convention (DNC) with a powerful speech that resonated with echoes of her husband’s historic campaigns. She subtly criticized former President Donald Trump without naming him and strongly endorsed Kamala Harris as a presidential candidate, highlighting the themes of hope and unity. Opening her address, Michelle Obama detailed the challenges the nation is facing, stating, «America, hope is making a comeback,» which received a standing ovation from the audience.

Congress president Mallikarjun Kharge launched a veiled attack on the BJP at an event celebrating former Prime Minister Rajiv Gandhi's birth anniversary, terming the party as «poison» that needs to be removed completely. The event, marked as ‘Sadbhavana Diwas’, was attended by Shiv Sena (UBT) chief Uddhav Thackeray who highlighted Congress as a better ally compared to BJP. Thackeray wore a Congress stole for the first time, signifying a shift in political alliances. Kharge accused the BJP of having a negative impact, stating, “BJP is like a poison.

US 'ready' for Harris presidency, said Obama to the crowd. «America is waiting for a new chapter, America is waiting for a better story. We are ready for president Kamala Harris, and Kamala Harris is ready for the job,» said the former US President at DNC. America's first Black president, Obama has thrown his considerable political capital behind Harris as she seeks to make history herself on Nov. 5 as the first woman and first Black and South Asian person to be elected U.S. president.