Election Financial News

bitcoin," Donald Trump told a cheering crowd at a crypto convention in Nashville, Tennessee in late July. The Republican presidential candidate's speech was the latest overture in his effort to court crypto-focused voters ahead of November's election and offered a bevy of campaign promises, including a plan for a state bitcoin reserve. «If elected, it will be the policy of my administration to keep 100% of all the bitcoin the U.S. government currently holds or acquires into the future,» Trump said, adding the funds would serve as the «core of the strategic national bitcoin stockpile.»

The hospitality workers’ union UNITE HERE has endorsed Vice President Kamala Harris for president

Facing the need to win Pennsylvania, Vice President Kamala Harris has sworn off any prior assertion that she opposed fracking

₹15.4 trillion. Domestic institutions stepped up to counter sales by foreign investors; however, profit-taking by investors who route money directly into markets worsened Monday's fall. How retail investors behave from now—through mutual funds and direct investments—will be key to ascertaining whether Indian markets can outperform global peers, market experts said.

Nearly everything on Wall Street tumbled as fear about a slowing U.S. economy worsened and set off another sell-off for financial markets around the world

The head of the United Auto Workers union says putting Vice President Kamala Harris at the top of the Democratic ticket increases the Democrats’ chance of winning Michigan and keeping the White House in November

Supreme Court on Monday rejected a bid by the state of Missouri to halt Donald Trump's upcoming sentencing for his conviction in New York on felony charges involving hush money paid to a porn star and left a related gag order until after the Nov. 5 presidential election. The decision by the justices came in response to Missouri's lawsuit claiming that the case against Trump infringed on the right of voters under the U.S. Constitution to hear from the Republican presidential nominee as he seeks to regain the White House. The Supreme Court's order was unsigned. Conservative Justices Clarence Thomas and Samuel Alito indicated they would have taken up Missouri's case but added that they «would not grant other relief.»

Nansen’s latest report examines the massive sell-off of crypto assets during Crypto Black Monday, highlighting key factors driving the downturn.

Kamala Harris's campaign moving on a sound basis of policies and the backing of a huge number of her supporters? Or is it riding on the «irrational exuberance» of the Democratic Party after President Joe Biden pulled out of the US Presidential Election 2024? If Democratic strategist David Axelrod is to be believed, Harris’s campaign is just “irrational exuberance,” reports Fox News. He has also warned that the race is still neck and neck.

Donald Trump upset with the huge crowd attending election rallies of his opponent presumptive Democrat candidate Kamala Harris? Is it evident by the former president's barb on the vice president when he taunted her by declaring that he needs no entertainers? He added that he would fill the stadium because he was making America great again. Trump's comment came four days after more than 10,000 people gathered at Georgia State University Convocation Center to listen to the first black vice president, reports the 'Seattle Times'. Rappers Quavo and Megan Thee Stallion also attended the election rally and Trump referred to it. Trump also accused the Georgia State University officials in charge of the arena of preventing him from bringing more people to the arena.

With Prime Minister Sheikh Hasina Wajed's resignation and flight and the army's assumption of power, albeit in the guise of an interim government, military rule has returned to Bangladesh over three decades after it was forced out in 1990. Parliamentary elections were held in 1991, and elected governments have held office in the country since.

While there are many ways to measure economic inequality, key metrics consistently show that disparities are getting worse. According to a recent United Nations report, 71% of the world’s population now live in countries where inequality has increased. Unsurprisingly, this includes India and China.

stress in unsecured retail, micro finance and some rural advances as seasonal impact of the heatwave, election season slowdown and higher risk weights led to increase in slippages during the first quarter. However, analysts do not expect asset quality to be a challenge yet. Instead, most observers believe that Indian lenders will have to contend with falling margins and slow deposit growth this year. Data from the results of 40 listed banks analysed by ET showed that though net profit increased a healthy 21%, margins continued to be weak and deposit growth still lagged credit demand. There was a notable increase in stress in some micro finance and personal loan accounts. State Bank of India's fresh slippages increased to ₹7,903 crore in June 2024 from ₹7,659 crore a year ago and was double the ₹3,867 crore reported in March 2024 mainly as ₹3,000 crore of loans to individuals slipped during the quarter and was the largest chunk of fresh slippages, followed by ₹2,500 crore of agriculture loans. Chairman Dinesh Khara attributed the slippages to some delay in salaries by some state governments during the quarter.

Elon Musk said on Sunday the Federal Reserve needs to cut interest rates and that it was foolish for the U.S. central bank not to have done so already. Musk's comment, which was made in response to a post on the social media site X, followed a run of weak data last week that has sparked worries the Fed may have left interest rates elevated for too long, resulting in damage to the economy.

parliamentary panels, including the Public Accounts Committee (PAC), have started taking shape, mostly by consensus as against elections witnessed during the previous Lok Sabha. Besides the PAC, which examines government expenditure, the Committee on Public Undertakings, the Committee on Estimates, the Committee on Welfare of Scheduled Castes and Scheduled Tribes, the Joint Committee on Office of Profit and the Committee on Welfare of Other Backward Classes have been constituted without an election. Lok Sabha Speaker Om Birla is expected to nominate the chairpersons of the panels soon, parliamentary officials said. Parliamentary Affairs Minister Kiren Rijiju and his team of floor managers worked to ensure that appointments to the committees take place by consensus.

Fitch Ratings noted that elevated interest rates in the US since 2023 have begun to show some effect on the labour market and demand. Adding to worries, the global rating agency said politics remains an area of high uncertainty, with geopolitical risks here to stay. The rating agency noted that signs of a slowdown in the US are evident in weak credit growth and slowing consumer spending. This trend is expected to continue in the second half of 2024, with real GDP growth decelerating, though likely remaining above recession territory.

Himanta Biswa Sarma on Sunday said his government will soon introduce a law for life imprisonment in cases of 'love jihad'. Speaking at the state BJP executive meet here, he said, «We spoke about 'love jihad' during the elections. Soon, we will bring a law, which will award life imprisonment in such cases.» Sarma also said a new domicile policy will be introduced soon, under which only those born in Assam will be eligible for state government jobs. He maintained that indigenous people have received priority in the «one lakh government jobs» provided as per a pre-poll promise, which will be evident when the complete list is published.

Raj Bhavan in Bengaluru is set to emerge as the centre of action as Governor Thawarchand Gehlot weighs on a request for sanction of prosecution of chief minister Siddaramaiah as the BJP-JDS padayatra and a counter rally by the Congress have picked up momentum. The NDA partners have accused the CM of unlawfully gaining 14 plots in an upscale Mysuru residential area and have set out on a weeklong march to Mysuru from Bengaluru gunning for his scalp. The Congress too has begun a six-day rally on Friday – a day ahead of the NDA yatra – as part of a counter strategy to deflect the attention away from the BJP show.

Unrest related to misinformation about a mass stabbing that killed three young girls last week spread to multiple towns and cities on Saturday as anti-immigration demonstrators clashed with police. The violence is posing a major test for Prime Minister Keir Starmer, who was elected only a month ago after leading Labour to a landslide win over the Conservatives.

Scheduled Tribes in the Goa Legislative Assembly is likely to be introduced in the Lok Sabha this week. As of now, the ST community has no seats reserved in the Goa assembly. Amid demands from the community, the 'Readjustment of Representation of Scheduled Tribes Bill, 2024 has been listed in the government business for the remaining part of the Parliament session. The session is scheduled to conclude on August 12.

Waqf Boards to declare any property a 'waqf asset' and take control of it. This move follows numerous representations from various sections of the Muslim community and a comprehensive review of the current Waqf Act.