President Financial News

Consumer inflation remained persistently high last month, boosted by gas, rents, auto insurance and other item

More people are putting money into an IRA just ahead of the April 15 deadline for filing federal taxes, as market conditions have made them optimistic compared with 2022, data from Fidelity show.

Javier Milei of Argentina kicked off a visit Wednesday to the United States, where he'll meet with tech billionaire Elon Musk, as his government seeks an infusion of cash to overhaul Argentina's embattled economy. The populist president started his four-day trip in Miami, home to one of the largest populations of Argentines in the U.S., where he received an honor from the Jewish community Wednesday at an Orthodox synagogue. Milei will meet with Musk on Friday in Texas, his spokesperson said, where he will also tour a factory for Tesla, Musk’s electric car company.

LPL Financial has broadened its network in the Bluegrass State with the addition of three experienced advisors to its broker-dealer, RIA, and custodial platforms. The firm announced Wednesday that Greg Mullaney, Colleen Kelly Abate, and Peter Pagano are transitioning from Ameriprise Financial, where they reported managing approximately $300 million in advisory, brokerage, and retirement plan assets.

ALSO READ: US stocks sink after inflation data, Treasury yields jump It stood by its forecast of full year earnings between $6 and $7 per share. The airline predicted that second quarter revenue will be 5 per cent to 7 per cent higher than a year ago. Excluding special items, it earned 45 cents per share, said Delta.

A 'Mornings with Maria' panel weighs in on the March Core CPI, the Fed's expected rate cuts and their overall market outlook.

India and the Maldives may be moving to stabilise their bilateral ties after tensions. Since President Mohamed Muizzu took office last year, the removal of Indian troops from the Maldives has complicated diplomatic relations. But bilateral ties may be settling down.

Melania Trump be able to halt the falling popularity of her husband Donald Trump who is a Republican hopeful for the 2024 US Presidential Election? 'New York Post' has reported that she will join a fundraising event later this month as a strategy to portray herself as a «softer, more moderate voice» for the Trump campaign. Confirming her participation, Democratic strategist Hank Sheinkopf told the news outlet, «The Trump campaign recognizes that Melania is their secret weapon.» He added further, «Her appeal is critical to win battleground states and undecided voters, especially now that they’ve won the primary and are hyper-focused on the general.»

SÃO PAULO—Before his weekend showdown with tech billionaire Elon Musk, Brazil’s Supreme Court judge Alexandre de Moraes had already earned a reputation as a lightning rod in Brazil’s battles over free speech. In recent years, de Moraes has slapped fines and bans on social-media companies and ordered police to investigate—and even arrest—some of the country’s most powerful conservative bloggers, businessmen and politicians over what he deemed offensive online posts.

Joe Biden has marginally widened his lead over Donald Trump ahead of the November presidential election as the Republican candidate prepares for the start of the first of four upcoming criminal trials, a new Reuters/Ipsos poll found. Some 41% of registered voters in the five-day poll, which closed on Monday, said they would vote for Biden, a Democrat, if the election were held today, compared with 37% who picked former President Trump. That 4 point lead was up from a 1 point lead Biden held in a Reuters/Ipsos poll in March.

Crowds across Canada flocked to catch a glimpse of the total solar eclipse on Monday in a highly anticipated celestial event — one that could have left some people who didn’t take precautions feeling concerned about their eye health.

Congress leaders Suresh Routray and Chintamani Dyan Samantaray, and BJP's Bijoy Mohapatra are contesting elections from parties not linked to their fathers. Senior Congress leader and Jatani MLA Suresh Routray has been issued a show cause notice by the disciplinary committee of the Odisha Pradesh Congress Committee (OPCC) for allegedly campaigning for his son Manmath Routray, who is a ruling BJD candidate from Bhubaneswar Lok Sabha seat. Routray (80), a six-time MLA from Congress, who announced not to contest the elections this time, was found campaigning for his son Manmath in different parks in the state capital.

Thomas Cook India and its group firm SOTC Travel have partnered with the Uttarakhand Tourism Development Board to offer aerial darshans to Adi Kailash and Om Parvat, the company announced on Wednesday. The five-day spiritual tour has been launched at a price of Rs 90,000 per person — subsidized by the Uttarakhand Tourism Development Board. The base camp for the tour will be Pithoragarh, in Uttarakhand. The darshans will start from the second day onwards. On the day-2 of the trip Manokamna temple darshan will be organised and on day-3 onwards there will be Adi Kailash & Om Parvat darshan. Each batch of the five-day spiritual tour will consist of 14 persons.

Icra on Wednesday revised downwards its outlook for the banking sector to 'stable' from 'positive' on expectations of a moderation in credit growth and profitability. The agency said the credit growth will moderate to 11.6-12.5 per cent in FY25 from 16.3 per cent (excluding the impact of the HDFC twins merger) in FY24, while the lower net interest income margins on higher deposit rate payouts will lead to a dip in profits. On the asset quality front, it expects a further moderation in the gross non-performing assets ratio for the banking system at 2.2 per cent by March 2025 from 3 per cent likely in March 2024, its vice president Sachin Sachdeva told reporters. This will be the lowest level since September 2011, Sachdeva added.

DMK in Tamil Nadu, on Katchatheevu and 'Shakti' remarks, accusing them of keeping the «country in the dark» over the island issue and charged them with ill-treatment of women. He especially singled out the DMK over alleged corruption, saying the Dravidian party had the «first copyright» on the issue and added the «family» was intent on looting the state, in an apparent reference to the party's first family, headed by its president and Chief Minister M K Stalin. «The DMK has the first copyright on corruption, the entire family is looting Tamil Nadu,» he said at an election rally here, while canvassing votes for NDA candidates, including BJP nominees for the April 19 Lok Sabha elections in the state. He further charged the DMK with being «a family company,» that was impeding the progress of the state's youth with its «old mindset.»

A federal appeals court has upheld California's authority to set its own nation-leading vehicle emission standards that are the strictest in the country

A public hospital in Kenya’s capital, Nairobi, has laid off 100 doctors who are taking part in a nationwide strike for almost one month

Serbian president says his country is close to signing a deal on the purchase of 12 French Rafale multi-purpose fighter jets in what would mark a shift from its traditional arms supplier Russia

More than 200 chemical plants nationwide must reduce toxic emissions likely to cause cancer under a new Environmental Protection Agency rule

Japanese Prime Minister Fumio Kishida has begun his much-anticipated visit to Washington

Venezuela’s government says the country’s former oil minister has been arrested on allegations of corruption