President Financial News

Donald Trump’s Truth Social is now worth more than Elon Musk’s X

A Japanese nuclear reactor which survived a massive 2011 earthquake and tsunami that badly damaged the nearby Fukushima nuclear power plant has been restarted after a safety upgrade, as the government pursues a renewed expansion of nuclear energy to pr...

One of NBC News' longest-tenured correspondents, Andrea Mitchell, is switching gears

The Biden administration is awarding nearly $3 billion to boost climate-friendly equipment and infrastructure at ports across the country, including in Baltimore, where a deadly bridge collapse killed six construction workers and disrupted commercial s...

A French delegation visiting Morocco with President Emmanuel Macron has unveiled investment plans in the disputed Western Sahara as part of a broader suite of agreements and partnerships between the two countries

Powered by consumer spending, the U.S. economy likely kept expanding at a healthy pace from July through September despite the pressure of still-high interest rates

New York City schools will close on November 1 to observe the Hindu festival, Diwali. This marks the first time the city's schools have recognised the holiday. «This year Diwali is special. For the first time in the history of New York City, schools will be closed on Friday, November 1 for the festival of Diwali,» Dilip Chauhan, Deputy Commissioner of the Mayor's Office for International Affairs, said. «It's not easy in New York City, where 1.1 million students are studying in the school, to declare the school a public holiday,» said Chauhan. «So many community leaders--they started this movement many years ago--community advocates, elected officials. But finally, under the administration of New York City Mayor Eric Adams, they have declared, The administration has declared, November 1st, Friday is a school holiday.»

The Commerce Department's advance estimate of third-quarter gross domestic product on Wednesday will be published less than a week before Americans head to the polls on Nov. 5 to choose between Vice President Kamala Harris, the Democratic Party candidate, and former President Donald Trump. Polls show the race is a toss-up. Americans, who list the economy as a top election issue, have chafed at high food and housing costs, even as the economy has defied forecasts of a recession and continues to outperform its global peers.

Bank shares jumped on Tuesday, emerging as the top gainers in the day's trading, as investors lapped up shares of some larger lenders amid uncertainty over near-term market prospects. The Nifty Bank index advanced 2.1% on Tuesday, while the benchmark Nifty gained 0.5%. Ten of the 12 stocks on the Nifty Bank index gained at close on Tuesday. Federal Bank was the biggest gainer, soaring 8.5% after its second-quarter results exceeded expectations. SBI was up 5% and ICICI Bank gained 3%.

Donald Trump's Truth Social is now worth more than Elon Musk's X, thanks to a recent run-up in the shares of the parent company of the former president's social media platform, as per a report. Trump Media & Technology Group is now valued at over $10 billion after its shares more than quadrupled since late September. Meanwhile, X Holdings is valued at around $9.4 billion, based on the most recent value the investment group Fidelity assigned to its stake in the company formerly known as Twitter, AP reported. The stock of Trump Media, or TMTG, tends to move more with Trump’s re-election odds than on its own profit prospects and investors have seen his chances of retaking the presidency improving of late. On Tuesday, the stock rose more than 12 per cent to $53.30, on top of a 21.6 per cent gain Monday. The stock was moving so sharply that trading was briefly halted several times during the morning. The stock had dropped to roughly $12 late last month.

Sebi chairperson Madhabi Puri Buch by alleging she had rented a property to a company controlled by people, who had held senior positions in a firm that had been under the watch of the regulator, and the party claimed that it amounted to conflict of interest. «Ms Madhabi Buch owns another flat in Mumbai. In 2021-22, she earned rental income from a property rented out to a company called Green World Buildcon and Infra. This company is owned by Mukul and Vipul Bansal. Mukul Bansal has a significant background with Indiabulls Group, being part of its senior management and being on the board of several related companies. Indiabulls Group, where Mukul Bansal has been involved, has faced several cases with Sebi, with multiple adjudication orders and regulatory actions between 2021 and 2022,» said Congress spokesperson Pawan Khera at an official briefing. He said this was in violation of Sebi's code on conflict of interest for members of board. The latest charge comes as part of Congress' renewed efforts to revive the issue involving allegations against the Sebi chief, which appeared to have lost its political steam of late with the matter hardly figuring in the Congress' election campaign discourse in Haryana and J&K polls. With Buch back in headlines last week with her skipping appearance before the Public Accounts Committee (PAC), the Congress has been releasing logs on the allegations against her as part of its bid to revive the issue.

Melania Trump pushed back on Tuesday against attacks on her husband Donald Trump, saying the Republican presidential candidate is "not Hitler." In an interview with «Fox & Friends,» Melania Trump also said her support for abortion rights was «not a big surprise» for the former US president, whose Supreme Court picks paved the way for the end of the national right to abortion. She said comparisons of her husband to Hitler were «terrible.»

Value meals helped turn around McDonald’s U.S. sales in the third quarter

US election 2024 campaign have claimed their Presidential credentials but Republican candidate seems to be winning the White House Race. However, there is a certain battleground mathematics, IANS reported quoting RealClear Polling's (RCP) aggregation of polls. RCP aggregation of polls show that Trump is reportedly having a slender lead in all the seven swing states that sets him on the path to victory with 312 electoral college votes to Vice President Kamala Harris' 226. The winner needs 270 votes for a majority in the 538-member electoral college. However, all this comes with a big caveat: The polling data is within the margin of error and there is no certainty that it will hold on November 5. Therefore, suspense clouds the verdict in the election only a week away.

A second term for Donald Trump as president of the United States could potentially impact Canada’s banking sector more than a win by Kamala Harris due to his proposed tax cuts for corporations and his aggressive focus on re-shoring, some analysts say.

Kamala Harris and former President Donald Trump traded bitter attacks while racing to woo the voters in key battleground states that could decide the outcome of the razor-tight contest. On Monday, Trump, the Republican nominee, addressed a rally at the McCamish Pavilion on the campus of the Georgia Institute of Technology in Atlanta where he rejected attempts by Democrats to compare him with the Nazis. «The newest line from Kamala and her campaign is that anyone who isn't voting for her is a Nazi,» he said at the capital city of Georgia. Georgia is one of the seven key battleground states that could decisively swing the November 5 election in favour of either candidate.

Kamala Harris and former President Donald Trump is extremely close. Recent national polls indicate a narrow lead for Harris, but the margins are tight, leaving the outcome uncertain. Here’s a look at the latest polling data and what it means for the election.

Trump ally Steve Bannon was released from prison early Tuesday, after serving a four-month sentence for defying a subpoena in the congressional investigation into the U.S. Capitol attack on Jan. 6, 2021. Bannon left the Federal Correctional Institution in Danbury, Connecticut, according to Kristie Breshears, a spokesperson for the federal Bureau of Prisons. He planned to hold a news conference later in the day in Manhattan, his representatives said. He's also expected to resume his podcast Tuesday. Bannon, 70, reported to the prison July 1 after the Supreme Court rejected his bid to delay the prison sentence while he appeals his conviction.

Newspaper owners across the country have been ditching presidential endorsements, figuring they shouldn't alienate readers with something most of them don't care about

Donald Trump as she delivers her closing election argument Tuesday on the spot where her rival rallied supporters before the January 6, 2021 US Capitol attack. With polls in a dead heat exactly one week before Election Day, the Democratic vice president's campaign said she chose the symbolic site to push her case that the Republican former president is a threat to American democracy. But Harris will also deliver an «optimistic and hopeful» message, a senior campaign official said, amid rumblings in the party that she is focusing too much on Trump and not enough on her own policies.

Congress leaders in Pune, after being left out in ticket distributions for the assembly polls has prompted three senior leaders--Aba Bagul, Kamal Vyavhare, and Manish Anand--to file their nominations as independent candidates for key seats in the city. This discontent stems from seat-sharing issues within the Maha Vikas Aghadi (MVA). The first woman mayor of Pune, Kamal Vyavhare, will contest from Kasba Assembly constituency, while Manish Anand will run from Shivaji Nagar and Aba Bagul from Parvati Assembly seats. Notably, Kasba and Shivaji Nagar seats were allocated to Congress, with Ravindra Dhangekar and Datta Bahirat as the declared candidates, respectively. Parvati Assembly seat was given to NCP's Ashwini Kadam. Aba Bagul, who has been a councillor in Pune Municipal Corporation for 40 years, also being in several standing committees and leader of the opposition in the corporation, is as an independent candidate from the Parvati Assembly constituency of Pune city.