President Financial News

Civic engagement nonprofits believe democracy is an exercise in need of constant support — not just extra money around major major campaigns

Donald Trump is all set to take charge as the 47th President of the United States. The swearing-in ceremony will be held on January 20. High-profiled guests are expected to attend the event. The Kremlin said on Thursday that Russian President Vladimir Putin had not received an invitation to attend the January 20 inauguration of the U.S. President-elect Donald Trump. CBS, citing multiple unidentified sources, said that Trump had invited Chinese President Xi Jinping to attend. Meanwhile, President-elect Trump, who has both derided Time magazine and pined for its approval, was named the publication's person of the year on Thursday.

The White House on Thursday announced that the President Biden has commuted the sentences of 1,500 people who had been put under home confinement during the COVID-19 pandemic. Individuals who were chosen were people with a proven commitment to rehabilitation and reintegration into the communities. Furthermore, 39 people convicted of non-violent offenses were pardoned for good deeds to society. President Biden underscored that these pardons and sentence commutations are for those who have shown remorse and willingness to reintegrate into society. The administration has confirmed that the recipients of the pardons and sentence commutations have secured employment, advanced their education, and served their communities, demonstrating resilience in overcoming personal challenges.

«The Union Cabinet has cleared the Bill on One Nation One Election. The views of the Indian National Congress on this subject had been forcefully articulated by its President Mallikarjun Kharge ji on January 17, 2024. Nothing has happened since then to modify them,» said Congress general secretary in-charge communications Jairam Ramesh. Kharge, in a letter to the secretary of the high-level committee on 'one nation, one election' on January 17, 2024, had said, «The Indian National Congress is strongly opposed to the very idea of 'One Nation, One Election'.»

One Nation One Election bill. A comprehensive bill is expected to follow this decision, paving the way for unified elections across the nation. Earlier on Wednesday, former President of India Ram Nath Kovind stated that the Central government must build a consensus on the 'One Nation, One Election' initiative, emphasising that the issue transcends political interests and serves the nation as a whole.

Papadopoulos joined the Edinburgh- and London-based firm from Bank of America to expand Artemis' fixed income team of eight across the two cities.  Based in London, Papadopoulos started in the new role last month; he has started working alongside high yield fund managers Jack Holmes and David Ennett, and high yield analyst Darcey Watson.  Artemis partners get £57m payout despite drop in profits on lower assets Prior to his near-seven years at Bank of America, where he began as a credit research analyst and left as vice president, high yield analyst, Papadopoulos started his career ...

Tamil Nadu BJP President K Annamalai on Wednesday defended meeting industrialist Gautam Adani, calling it «not a sin» and accusing Congress and DMK of misleading the public with their protests over Adani's ties to the party. «He is a businessman in our country. Every single state government wants to roll a red carpet for inviting big industrialists to their global investor summit. It is the Congress and DMK MPs that started this bogus protest outside the Parliament saying that 'Adani-BJP Ek Hai.' Since CM (MK Stalin) said he has not met Adani, we are making a charge against him. Don't hoodwink Tamil Nadu people… You should acknowledge that Adhas done business in Tamil Nadu,» Annamalai said. Meanwhile, Congress on Tuesday denied BJP's allegations of links to billionaire George Soros. Congress spokesperson Supriya Shrinate called the claims «baseless» and said they were a diversion from the Adani controversy.

Israel Defence Minister Israel Katz told his U.S. counterpart Lloyd Austin in a phone call on Wednesday there was now a chance for a new deal that would allow the return of all the hostages, including U.S. citizens, Katz's office said. A Western diplomat in the region, however, said a deal was taking shape, but it would likely be limited in scope, involving the release of only a handful of hostages and a short pause in hostilities.

Senate Democrats failed in their bid to confirm a Democratic member of the National Labor Relations Board after the Senate rejected a razor-thin vote that hinged on the pivotal rejections of independent Sens. Joe Manchin of West Virginia and Kyrsten Si...

A southeast Louisiana official allegedly committed perjury by failing to disclose information related to a controversial grain terminal, according to a motion filed as part of a federal lawsuit brought by a prominent local climate activist

FBI Director Chris Wray will step down from his post early next year, the bureau said on Wednesday, after Republican President-elect Donald Trump signaled his intent to fire the veteran official and replace him with firebrand Kash Patel. Trump himself had appointed Wray, a fellow Republican, to his 10-year term in 2017, after firing his predecessor James Comey, who the then-president soured on over the FBI's investigations into alleged contacts between his 2016 campaign and Russia. «After weeks of careful thought, I’ve decided the right thing for the Bureau is for me to serve until the end of the current Administration in January and then step down,» Wray told FBI employees today, the agency said in a statement.

Donald Trump doesn't think much of Joe Biden's foreign policy record. The Republican president-elect frequently casts the outgoing Democratic president as a feckless leader who shredded American credibility around the world during his four-year term, AP reported. But a funny thing happened on Trump's way back to the White House: The Biden and Trump national security teams have come to an understanding that they have no choice but to work together as conflicts in Gaza, Syria and Ukraine have left a significant swath of the world on a knife's edge, as per AP report.

A lawyer and investor who managed money for one of the richest families in Texas, helped create one of the giants of the private-equity business and pushed to bring professional hockey to Seattle has died

European Union envoys have agreed a new raft of sanctions against Russia over its war on Ukraine

President-elect Donald Trump is expected to ring the opening bell at the New York Stock Exchange, marking the ceremonial start of the day’s trading

Regional supermarket chain Stop & Shop is installing kiosks in all of its stores in the Northeast U.S. to make digital-only coupons more accessible

Billionaire Elon Musk’s close proximity to President Trump was the first indication of the President-elect’s willingness to further a neo-tech agenda. Musk has been given the responsibility, along with Vivek Ramaswamy, to head the the Department of Government Efficiency (DOGE), which will work towards cutting wasteful government spending and reducing budget deficits. Musk, the founder of new-gen technology firms like SpaceX, Neuralink and Starlink, is touted to be the 'world’s second most powerful person' after Trump takes office in January, according to an Axios report. Also Read: Real shame? After being pelted with mud in flood-hit Valencia, Spain's King Felipe and Queen Letizia cause political scandal for not showing up at Notre Dame reopening ceremony

Subscribe to enjoy similar stories. President-elect Donald Trump said his administration would speed the approval of big construction projects for companies that invest more than $1 billion, signaling his intention to push the limits of federal law to boost the economy. In a post on his social-media site, Truth Social, Trump said Tuesday that any person or company investing $1 billion or more in the U.S.

He also condemned the Congress for the opposition's no-confidence notice against Vice President and Rajya Sabha Chairman Jagdeep Dhankhar. He said it was an attempt by the opposition party to divert attention from the issue of «ties between the top Congress leadership and Soros». The members of the treasury benches were on their feet soon after the House met and Deputy Chairman allowed the leader of the house to speak.

Subscribe to enjoy similar stories. US President Harry S. Truman once famously asked for a “one-handed economist" because he was tired of economists who, instead of giving decisive answers, would say, “On the one hand, this, and on the other hand, that." As 2024 ends, we can see why that’s so.

Subscribe to enjoy similar stories. If technology is the new oil, who should steer the oil-tankers? Can India afford to drift without an artificial intelligence (AI) captain in the age of AI? Incoming US President Donald Trump has announced the appointment of former Paypal executive David Sacks as a “crypto and AI czar" to guide policy. The message is clear: governing AI and generating commercial value from AI innovations is an urgent need for global supremacy.