Election Financial News

Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, has extended its winning streak, climbing above $65,500 and reaching an intra-day high of around $66,000, suggesting bullish Bitcoin price prediction.

At the heart of JD Vance’s journey from venture capitalist to vice presidential candidate is a memoir he first thought of in law school, “Hillbilly Elegy.”

Britain’s new Labour Party government campaigned on a promise to bring bold change at modest cost

Elon Musk has said he plans to commit $45 million a month to a super political-action committee supporting Donald Trump, the latest in a series of large-dollar donors ponying up tens of millions of dollars in presidential races. The recent flood of money from pro-Trump donors puts pressure on President Biden, who was recently overtaken by his GOP rival in the 2024 money race. Super PACs are groups that can raise unlimited sums of money for what are known as independent expenditures, such as advertising that supports or opposes a candidate.

Budget Expectations: Things seem to be falling comfortably into place for Indian Prime Minister Narendra Modi. Yes, he lost seats in India’s recent general election — but he was, nevertheless, re-elected for a third term. Yes, he is dependent upon smaller allied parties for the first time in his political career. But those allies have been complaisant so far, and he has kept them out of major ministerial roles without any blowback. That period of calm may be coming to an end, however. Next week, India will unveil its tax-and-spending plans for the ongoing financial year, which ends in March 2025 — and, according to Reuters, the allies’ bills will come due. Also Read: Ally Naidu again seeks funds from Modi-govt before Budget

Elon Musk's decision to throw his vast fortune behind Donald Trump's presidential candidacy confirms the rise of a growing right-wing bloc in the traditionally liberal Silicon Valley. US media reports indicate that Musk and a group of tech investors are contributing to a Super PAC — a specially designed fund that can spend unlimited amounts on political candidates and causes.

Musk took the comment section of the post and reacted with laughing-out-loud emoticon.Senator JD Vance is former US President Donald Trump’s running mate and Usha Chilukuri Vance is his Indian-origin wife. The couple was trending on social media. X users have been flooding social media with posts on Chilukuri’s Indian connection.

Read | F&O trading: Sebi to discuss ways to tighten the screws on retail speculation In addition to their net short index futures positions, client is cumulatively net short index call options by 594,605 contracts and index put options by 375,215 contracts. FIIs, along with proprietary traders, have net purchased index calls sold by client, while the former has purchased index puts sold by client and prop traders, data shows.

While many across the United States and the world, including President Joe Biden, are urging Americans to lower the political temperature in the country in the wake of a failed assassination attempt on former president Donald Trump, some stocks on Wall Street looked upbeat this week.

Yet in interviews with 12 Donald Trump delegates at his Republican Party nominating convention in Milwaukee, none advocated for limits or bans on assault rifles, raising the legal age to buy a gun, or even more robust background checks. The delegates were dead set against any type of reform to US gun laws. Most viewed even mild measures, such as expanded background checks, or raising the legal age to buy an assault weapon to 21, as infringements on the US Constitution's Second Amendment, that gives citizens the right to own guns.

EVM-VVPAT memory verification after the recent Lok Sabha and assembly polls will be able to check any machine from any polling station in an assembly segment and opt for a mix and match of EVM units, the Election Commission of India (ECI) announced on Tuesday. Releasing the technical protocol for the Checking & Verification (C&V) for EVM-VVPATs, as directed by the SC in its April 26 order, the ECI said that aggrieved candidates will be allowed to choose from a vast number of random tests/combination of machines and sequences for a thorough analysis to dispel all doubts about the machine and its software. «The 'randomness' and 'enormity' of test vectors and expanded choice-based approach instead of controlled environment C&V process of burnt memory eliminates possibility or apprehension of any bias or hidden functionality in the firmware, by showing intended outcome(s) under parameters selected by the candidate and at every stage of the C&V process,» EC has stated in its July 16 communication to all political parties and CEOs.

A fresh wave of tariffs could revive inflation and pressure central banks to keep their key interest rates high, the International Monetary Fund warned Tuesday. In its latest report on the outlook for the global economy, the Fund said borrowing costs could also be pushed higher by a series of elections that may lead to a surge in already high levels of government borrowing. The Fund left its forecast for world economic growth this year unchanged at 3.2%, and raised its forecast for next year to 3.3% from 3.2%.

Intense general election campaigning in the UK and France, coupled with cracks appearing in President Joe Biden's attempts to retain office, has seen faith in UK, US and European markets dwindle, with HL's Investor Confidence index falling by 6.5% in July. According to the index, faith in UK economic growth decreased by 3.7%, while confidence in the UK market fell by 6.4% in the run up to the general election. Data released by the Office for National Statistics last week revealed the UK economy grew faster than expected the month prior in May, expanding by 0.4% thanks to strong perfor...

Republican National Convention began Monday at the Fiserv Forum in Milwaukee, Wisconsin. It will come to an end on July 18. In this once-in-four-year- convention, delegates will select the nominee for the presidential election and his running mate. Republican contender Donald Trump has announced J.D. Vance as his running mate. He will be the youngest vice presidential nominee. If Trump is nominated officially, he will be the first Republican leader to be nominated the presidential candidate for the third term after Richard Nixon.

MILWAUKEE—In selecting his new apprentice, Donald Trump picked a familiar figure within his populist, right-wing base who brings a fresh face to an election featuring two older men. J.D. Vance, a millennial junior senator from Ohio who gained fame for his “Hillbilly Elegy" memoir about small-town America, offers Trump a natural successor to his MAGA movement.

European stocks fell and US equity futures pared earlier gains as disappointing corporate earnings weighed on sentiment.

Amit Shah on Tuesday accused the Congress of being anti-backward classes and said if the party comes to power in Haryana, it will snatch the reservation for them and give it to Muslims. Addressing a 'Backward Classes Samman Sammelan' here, Shah referred to the Kaka Kalekar Commission formed in the 1950s to provide reservation to Other Backward Classes (OBCs) and said the Congress did not implement its recommendations for years. «In 1980, (the then prime minister) Indira Gandhi put the Mandal Commission in cold storage. In 1990, when it was accepted, Rajiv Gandhi gave a two-and-a-half-hour speech and opposed OBC reservation,» the Union minister said. «In Karnataka, the Congress snatched reservation for backward classes and gave it to Muslims. The same will happen here if they come (to power) here,» Shah said.

Dogecoin, and Shiba Inu recorded gains, trading up to 3% higher. Conversely, Toncoin, Cardano, Tron, Avalanche, and Polkadot saw losses, trading down by up to 4%. Despite this, the global cryptocurrency market cap increased marginally by 0.12% to around $2.31 trillion in the last 24 hours.

Japan's Nikkei share average rose on Tuesday, tracking gains in Wall Street, as investors assessed whether an assassination attempt on U.S. presidential candidate Donald Trump increased his chances of winning the November elections. The Nikkei closed 0.2% higher at 41,275.08, and the broader Topix finished up 0.34% at 2,904.5.

Union Budget 2024: In a bid to enhance passenger travel experience and facilitate faster speeds, thereby reducing travel time, Finance Minister Nirmala Sitharaman had announced in her interim budget speech earlier this year that 40,000 normal rail bogies will undergo conversion to Vande Bharat standards. This announcement marked a significant boost to India’s railway infrastructure, underscoring its pivotal role in the government’s capital expenditure agenda. The interim budget for fiscal 2024-25 allocated Rs 2.55 lakh crore to Indian Railways. Sitharaman, in her sixth budget speech, proposed a 5.8% increase over the budgetary estimate (BE) of Rs 2.41 lakh crore set for fiscal 2023-24. The revised estimates (RE) for fiscal 2023-24 stood at Rs 2.43 lakh crore, marking a notable commitment to bolstering the railway sector. Once again, this allocation in the interim budget represented the highest ever granted to the national transporter, reflecting the government's steadfast commitment to enhancing railway infrastructure and services across the country.

LONDON : The attempted assassination of Donald Trump, coming so soon after President Biden’s stumbles during the recent presidential debate, is reinforcing an impression outside the U.S. that the world’s pre-eminent superpower is entering an unusually turbulent and unpredictable period, prompting allies to question its reliability and foes to gloat.