President Financial News

The U.S. House passed legislation that would give the Treasury Department unilateral authority to strip the tax-exempt status of nonprofits it claims support terrorism

Russia’s third largest bank, Gazprombank and its six foreign subsidiaries were hit with U.S. sanctions on Thursday

Donald Trump has put Elon Musk and Vivek Ramaswamy in charge of finding ways to cut government spending and regulations

Kenya’s president says he has cancelled multimillion-dollar airport expansion and energy deals with Indian tycoon Gautam Adani after U.S. bribery and fraud indictments against one of Asia’s richest men

Just a few weeks ago, the path ahead for the Federal Reserve looked straightforward: With inflation cooling and the job market slowing, the Fed appeared on track to steadily cut interest rates

A new draft text released early Thursday which will form the basis of any deal reached at United Nations climate talks on money for developing countries to transition to clean energy and adapt to climate change left out a crucial sticking point: how mu...

As Donald Trump prepares to return to power, his victory is likely to embolden those who think they can get his ear

Subscribe to enjoy similar stories. The nation’s largest workforce could soon be ordered back to the office full-time. President-elect Donald Trump has vowed to slash government bureaucracy and appointed uber-wealthy entrepreneurs Elon Musk and Vivek Ramaswamy to lead the efficiency effort.

Subscribe to enjoy similar stories. The U.S. could face a sharp rise in borrowing costs and turmoil in financial markets as soon as next year if government debt continues to pile up rapidly, according to insurance giant Swiss Re’s group chief economist.

Subscribe to enjoy similar stories. Can the postelection market rally continue? Some on Wall Street are skeptical. Investors cheered the unexpected Republican sweep of the presidency and both houses of Congress, salivating over the potential for new pro-business policies.

Ridham Desai, Head of India Research and Chief India Equity Strategist,Morgan Stanley, says India is in a strong position and there's no need for concern. However, stricter policies could pose challenges in the latter half of next year. The recent growth slowdown was temporary, influenced by elections and heavy rains. By the end of September, the government's cash balance with the RBI was nearly Rs 3.6 trillion, indicating deferred spending, resulting in a fiscal deficit of 3.4%, well below the 4.9% target. The government's cash balance has now decreased to below Rs 60,000 crore, and since October 1, they have spent Rs 3 lakh crore in addition to tax revenues. Desai says India will be one of the rare exceptions which will stop borrowing to pay interest in about three years and will move to primary balance. When that happens, government debt to GDP will fall because nominal GDP in India is still 10-11%. It will create major space for the private sector to re-lever and a major lending boom in the private sector can be expected, accompanied by a big capex cycle.

Gautam Adani charged in an alleged bribery and fraud case in the US, Trinamool Congress MP Saket Gokhale on Thursday asked if the Narendra Modi-led government was involved in it. Gokhale said while markets were reacting to the news of the indictment, the government was «silent» on the issue. Adani has been charged by US prosecutors over his role in an alleged years-long scheme to pay USD 250 million bribe to Indian officials in exchange for favourable terms for solar power contracts. The BJP, reacting to Congress's attack on the issue, questioned the timing of the development, as it came just before the start of the Parliament session and Donald Trump's impending presidency. All the states mentioned in the indictment where government officials were paid bribes allegedly by the Adani Group were Opposition-ruled during that time, BJP's IT department head Amit Malviya said.

Thousands of University of California workers on Wednesday began a two-day strike to protest what they say are unfair bargaining tactics by the university system

Grocery and drugstore retailer Metro Inc. ended its “transition year” with fourth-quarter earnings of $219.9 million, with an almost $1-billion supply chain transformation in the rearview mirror and plans to grow its store footprint in the coming year.

A US President receives certain benefits and perks along with his more than decent salary, and even though he may not make as much as some top shot in some corporate office does, the checks and benefits continue until their demise, which is the best part. The Former Presidents Act is the fundamental behind the great benefits set in store for former Presidents for their service to the nation. Moreover, they receive allowance for different kinds of requirements including office space, equipment, staff, travel, entertainment and supplies. Moreover, most of the Former Presidents receive same health benefits as other former government workers. But, there is a condition: You need to be a government staff for at least 5 years, which would mean all the medical benefits would be due then after.

Netflix has renewed "A Good Girl’s Guide to Murder" for a second season. Emma Myers of 'Wednesday' will play pivotal role, as per a report. «A Good Girl’s Guide to Murder» is loosely based on Holly Jackson’s popular YA novel. There will be six episodes in «A Good Girl’s Guide to Murder». The series will focus on murders in a tiny village England, according to hollywoodreporter. Meanwhile, «Zero Day», an upcoming drama series starring Hollywood veteran Robert De Niro, will make its debut on Netflix on February 20. According to entertainment news outlet Variety, the six-episode show marks the first regular television role for De Niro, who plays the role of former US President George Mullen.

Philadelphia’s mass transit system has reached a tentative contract deal with its largest workers union

The leader of Canada’s most populous province says all of the country’s provincial and territorial premiers want Prime Minister Justin Trudeau's federal government to negotiate a bilateral trade deal with the United States that excludes Mexico

Brazil's President Luiz Inácio Lula da Silva has welcomed China’s President Xi Jinping for a state visit at the Alvorada Palace in Brasilia, in the latest sign of deepening ties between the two countries that analysts say may accelerate as Donald Trump...

Numerous celebrities have expressed their wish to leave America in favour of a new life overseas ahead of his inauguration in January; many of them made their intentions known long before the election even happened, as quoted in a report by MarketWatch. A lot of celebrities, including Sharon Stone, are searching for a better life overseas. Stone, an A-lister, has revealed that she is considering a house in Italy, while Cher made clear her drastic steps if Trump were to fight his way into the White House again before the election.