President Financial News
22.07 / 20:41
22.07 / 20:38
22.07 / 20:35
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US appeals court allows EPA rule on coal-fired power plants to remain in place amid legal challenges
A federal appeals court is allowing a Biden administration rule aimed at limiting planet-warming pollution from coal-fired power plants to remain in place as legal challenges continue
22.07 / 20:35
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With GOP convention over, Milwaukee weighs the benefits of hosting political rivals
Deep-blue Milwaukee’s downtown turned red as thousands of Republican National Convention delegates and other party stalwarts gathered to formally rally behind Donald Trump as their candidate for president in the pivotal swing state
22.07 / 20:32
22.07 / 20:29
22.07 / 20:27
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Cleveland-Cliffs will make electrical transformers at shuttered West Virginia tin plant
Cleveland-Cliffs says it will produce electrical transformers at a West Virginia facility that closed earlier this year
22.07 / 20:27
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Estonia's new government is formally appointed. Its first priority is to improve state finances
Estonia’s president has formally appointed a new government after lawmakers in the Baltic country gave the green light to Prime Minister-designate Kristen Michal’s three-party coalition Cabinet
22.07 / 20:23
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Philippine president orders shutdown of Chinese-run online gambling industry employing thousands.
President Ferdinand Marcos Jr. has ordered an immediate ban on widespread and mostly Chinese-run online gaming operations in the Philippines accusing them of venturing into crimes, including financial scams, human trafficking, torture, kidnapping and m...
22.07 / 20:07
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Cryptocurrency Price Movements Today: Bitcoin Pares Gains After Touching $68,000
Bitcoin's (BTC) recent climb continued Monday, cooling somewhat after prices touched $68,000 over the weekend following the news that President Joe Biden had dropped out of the 2024 presidential campaign.
22.07 / 19:45
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Microsoft outage likely to expand insurance coverage, pricing
Tata AIG General Insurance, have received 'circumstances notifications' from major airlines including Air India following the global Microsoft outage on June 19, two sources said. The outage, which affected numerous institutions worldwide, may influence insurance pricing and coverage for the coming year.
22.07 / 19:45
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Congress questions motive behind lifting ban on Govt staff joining RSS activities
government servants attending the Rashtriya Swayamsevak Sangh (RSS) activities. The Opposition party also questioned the timing and motive of the government decision. «Modiji has lifted a 1966 ban on government servants attending RSS activities, after 58 years.
22.07 / 17:23
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U.S Presidential Election 2024: Will any Democrat challenge Kamala Harris?
Joe Biden to quit the presidential race has given rise to the possibility of many candidates contesting to replace him ahead of the party’s national convention. Vice-President Kamala Harris has emerged as a party favorite to replace Joe Biden, especially after the latter endorsed her after deciding to quit the race.
22.07 / 17:19
22.07 / 16:12
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Central Asia’s richest state poised for strong economic growth in 2024
Central Asia’s biggest and resource rich state Kazakhstan’s GDP grew by 5.1% in 2023. All major sectors experienced positive growth: construction increased by 13.3%, trade by 11.3%, information and communication services by 7.1%, transport services by 6.9%, and industry by 4.3%. In 2024, the government predicts further growth of at least 5.3%.
22.07 / 16:02
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Can DNC nominate Barack Obama running mate for Kamala Harris? Is it possible under 22nd Amendment to US Constitution? Details here
Barack Obama be nominated as the running mate of Kamala Harris? Does the US Constitution allow a twice-elected president to run for the office of the vice president? Or is he ineligible for any office including that of vice president? These questions have popped up after US President Joe Biden stepped aside and endorsed Vice President Kamala Harris. If media reports are to be believed, Barack Obama played a significant role in convincing Biden to pull out despite supporting him earlier. He even attended Biden's fundraising program and endorsed him. Now the former president has come out openly to back and endorse Kamala Harris. What next?
22.07 / 15:26
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Mamaearth distributors say company is burdening them with excessive inventory
₹50 crore to ₹100 crore are stuck, according to the All India Consumer Products Distributors Federation (AICPDF). The inventory pile-up comes as Honasa, which started out as an online personal care company, builds a greater presence offline. Honasa gets a third of its business from offline channels.
22.07 / 14:40
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S&P 500 set for new energy during earnings season
Despite the recent stock market slump that has some Wall Street pros bracing for a summer correction, respondents to Bloomberg’s Markets Live Pulse survey expect the latest round of corporate earnings to reinvigorate the S&P 500 Index.
22.07 / 14:33
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Kamala Harris's nomination drives investors to question the 'Trump trade'
Having secured the backing of leading Democratic donors and many party officials, Harris, currently vice president, is now on track to be officially nominated as the Democrats' nominee for the November election. Her nomination came shortly after Biden announced his withdrawal from the re-election race, and in the process, throwing his weight behind Harris. «Today I want to offer my full support and endorsement for Harris to be the nominee of our party this year. Democrats — it is time to come together and beat [Donald] Trump,» Biden wrote on X, formerly known as Twitter. Richard d...
22.07 / 13:43
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Tremors in the bond markets
The bond-market tremors came two weeks and two continents apart.
22.07 / 13:32
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US Presidential Election
US Presidential Election: What will happen to the $91.5 million that Joe Biden has collected? Can Kamala Harris get it? Details here
Joe Biden has pulled out of the US Presidential Election 2024 and endorsed Vice President Kamala Harris. The first vice president of the Indian- African descent is most likely to be nominated as the Democrat candidate for the November 5 election. However, a fundamental question in the US political system is: What will happen to the millions of dollars the incumbent president has collected as campaign funds? Will Kamala Harris get it? Will it be refunded to the donors? Will it go to the Democratic Party coffers? Or can Joe Biden take it for his personal use?
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