President Financial News

06.08 / 14:12

markets Manufacturing Action President War International Surat diamond firm announces 10-day 'vacation' for 50,000 employees citing recession

polished diamonds in international markets due to recession. As per Kiran Gems company website, it is the 'world's largest manufacturer of natural diamonds. «We have announced a 10-day vacation for our 50,000 employees. Though we will deduct some amount, all employees will be paid a salary for this period. We are forced to announce this vacation because of the recession. I am tired of this recession now,» Kiran Gems chairman Vallabhbhai Lakhani told PTI. He underlined the short supply of rough diamonds and the lack of sufficient demand for polished diamonds exported by the company.

06.08 / 14:07

security President students country politician Bangladesh PM resigns, flees country amid deadly anti-government protests

Bangladesh’s prime minister resigned and fled the country Monday after weeks of protests against a quota system for government jobs descended into violence and grew into a broader challenge to her 15-year rule. Thousands of demonstrators stormed her official residence and other buildings associated with her party and family.Prime Minister Sheikh Hasina’s departure threatens to create even more instability in the densely populated nation on India’s border that is already dealing with a series of crises, from high unemployment to corruption and climate change.

06.08 / 13:08

WhatsApp President students country reports Major rejig announced in top ranks of Bangladesh Army: Who got what?

Bangladesh Army on Tuesday announced a major rejig in its top-level ranks, according to local media reports. This comes after the country's President Mohammed Shahabuddin dissolved the parliament, a day after Prime Minister Sheikh Hasina resigned and fled the country. Hasina's exit came after hundreds of people were killed in a crackdown on demonstrations that began as protests against preferential job quotas and swelled into a movement demanding her downfall. General Waker-Uz-Zaman, Bangladesh's army chief, announced Hasina's resignation in a televised address and said an interim government would be formed.

06.08 / 12:47

Remark Election community President Justice social reports Union minister Ramdas Athawale slams Raj Thackeray for 'anti-quota' remarks

Ramdas Athawale on Tuesday asked Maharashtra Navnirman Sena president Raj Thackeray to withdraw his «anti-reservation» remarks or else Dalits and backward classes will boycott MNS candidates in the upcoming Maharashtra assembly elections. Athawale said Thackeray's remarks on reservations were uncalled for. Speaking to reporters in Pandharpur town, Thackeray on Monday said local people should be given priority in job opportunities. «My stance is that locals should be given priority in job opportunities. Why should caste be a factor in this? If the private sector continues to create jobs, we should think about how many people will benefit from reservation in government jobs,» the MNS chief had said.

06.08 / 12:36

markets UPS Analysis Trade President show ‘Turnaround Tuesday’ doesn’t guarantee end to market rout

It’s an old cliché but the phenomenon known as Turnaround Tuesday — when markets rebound from a selloff at the start of the week — is an opportunity that shows up time and again in the data. The bad news is such recoveries don’t guarantee a bottom has been reached.

06.08 / 10:30

markets UPS Analysis Trade President show A ‘textbook turnaround Tuesday’ doesn’t mean meltdown is over

Turnaround Tuesday — when markets rebound from a selloff at the start of the week — is an opportunity that shows up time and again in the data. The bad news is such recoveries don’t guarantee a bottom has been reached. Investor psychology during a rout tends to begin with jitters on Thursday, hedging on Friday and all-out selling on Monday, according to Brent Donnelly, veteran trader and president of trading analysis firm Spectra Markets. By Tuesday, the downdraft is primed for a reversal, he wrote in a note published Monday.

06.08 / 01:59

UPS Election Food Eaton President hospital Hospitality workers' union endorses Harris, dismissing Trump's pledge of tax-free tips

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

06.08 / 01:37

Racing economy Election Caseys President 2020 Harris once wanted to ban fracking. Trump wants voters in energy-rich Pennsylvania to remember

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

06.08 / 01:37

CEO President country Canada completes negotiations to use US space launch technology, expertise and data

The Canadian government says it has completed negotiations with the United States on an agreement that would allow the use of U.S. space launch technology, expertise and data for space launches in Canada

06.08 / 01:29

Racing Election President Universities Schools Courts Interviews UAW leader says Trump would send the labor movement into reverse if he's elected again

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

06.08 / 01:27

security President War Department US passes message to Iran not to escalate at 'critical moment' for Middle East

Iran that escalation in the Middle East is not in their interest, a State Department spokesperson said on Monday, at what Secretary of State Antony Blinken called a «critical moment» for the region. Blinken said Washington was «engaged in intense diplomacy, pretty much around the clock» to help calm tensions amid fears Iran is preparing a retaliatory strike against Israel. «All parties must refrain from escalation,» Blinken said during a signing ceremony with his Australian counterpart in Washington.

06.08 / 01:21

Booking President reports Courts rights Interviews Americans are 'getting whacked' by too many laws and regulations: Justice Gorsuch

Supreme Court Justice Neil Gorsuch is out with a new book in which he says ordinary Americans are “getting whacked” by too many laws and regulations

06.08 / 01:10

UPS Parke President War testing prevention Arizona governor negotiates pause in hauling of uranium ore across Navajo Nation

Arizona's governor says a uranium producer has agreed to temporarily pause transport of the mineral through the Navajo Nation after the tribe raised concerns related to a safety plan

06.08 / 01:05

markets UPS Google Apple President Justice Department Google illegally maintains monopoly over internet search, judge rules

A judge has ruled that Google’s ubiquitous search engine has been illegally exploiting its dominance to squash competition and stifle innovation

06.08 / 01:04

UPS Manufacturing security Bill President Universities Chinese businesses hoping to expand in the US and bring jobs face uncertainty and suspicion

In 2022, Michigan Gov. Gretchen Whitmer welcomed a Chinese battery company’s plan to build a $2.36 billion factory and bring a couple thousand jobs to Big Rapids

06.08 / 00:30

markets Waves Fox economy President gatherings International Legendary market watcher predicts surprise Fed rate cut

The Socioeconomic Theory of Finance author Robert Prechter analyzes todays economic environment on Cavuto: Coast to Coast.

05.08 / 23:50

Ripple pandemic President reports Former Ripple Board Member Gene Sperling Joins Kamala Harris Campaign

Gene Sperling, a former Ripple board member, has joined Kamala Harris’ 2024 presidential campaign team.

05.08 / 23:36

markets Provident Progressive Extreme economy Remark President San Francisco Fed President Daly sees interest rate cuts coming as labor market weakens

San Francisco Federal Reserve President Mary Daly on Monday said she expects that interest rates will be cut later this year but declined to provide a timetable or the extent to which the central bank will ease.

05.08 / 23:26

Fox President Bitcoin innovations Interviews Former President Trump Proposes Bitcoin for $35 Trillion U.S. Debt Crisis

Former President Donald Trump has suggested using Bitcoin or a “crypto check” to address the United States’ staggering $35 trillion national debt.

05.08 / 22:50

markets Reuters Platform Trade President social reports Investors frustrated as failures plague brokerage platforms

Online brokerages were hit with widespread technical disruptions Monday as users rushed to trade amidst a sharp market downturn, driven by fears of a US recession.

05.08 / 21:53

UPS Fox Racing Election President reports Is Kamala Harris' momentum leaning heavily on ‘irrational exuberance’? Here's what a top Democrat strategist has to say

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.

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