President Financial News

The U.S. Treasury has announced that the nation’s gross national debt has surpassed $34 trillion

A new version of the federal student aid application known as the FAFSA is available for the 2024-2025 school year, but only on a limited basis as the U.S. Department of Education works on a redesign meant to make it easier to apply

AFP. A high-level security official told the agency that the leader was killed along with his bodyguards in the strike by Israel, which vowed to destroy Hamas after the movement's unprecedented October 7 attacks on Israel. Israel has previously announced the killing in Gaza of Hamas commanders and officials during the war, but Aruri is the most high-profile figure to be killed, and his death came in the first strike on the Lebanese capital since hostilities began.

The word “crisis" is overused, but it accurately describes what Ukraine faces as 2024 begins. According to a recent report in the Washington Post, troops on the front line are running out of ammunition. Artillery shells are being rationed, forcing the Ukrainians to cancel planned assaults and making it hard to hold defensive positions against Russian attacks.

Delhi Police has set up a committee of high-ranking officers to study the three new criminal law bills recently passed by Parliament. The Bharatiya Nyaya (Second) Sanhita, 2023, Bharatiya Nagarik Suraksha (Second) Sanhita, 2023, and Bharatiya Sakshya (Second) Bill, 2023, intend to replace the colonial-era IPC, CrPC, and Indian Evidence Act. These bills received President Droupadi Murmu's assent on December 25 during the winter session of Parliament.

Oil prices rose in the first session of the new year, boosted by potential disruption to Middle Eastern supply after the latest attack on a container ship in the Red Sea, and by Chinese demand hopes. Brent crude was up 49 cents, or 0.6%, to $77.53 a barrel at 1432 GMT. U.S.

Donald Trump on Tuesday appealed a ruling by Maine's secretary of state barring him from the state's primary ballot over his role in the Jan. 6, 2021, attack on the U.S. Capitol. Trump, the early front-runner for the 2024 Republican presidential nomination, appealed the Maine decision by Democrat Shenna Bellows, who became the first secretary of state in history to bar someone from running for the presidency under the rarely used Section 3 of the 14th Amendment. That provision prohibits those who «engaged in insurrection» from holding office.

Harvard University President Claudine Gay resigned on Tuesday amid plagiarism accusations and criticism over testimony at a congressional hearing where she was unable to say unequivocally that calls on campus for the genocide of Jews would violate the school's conduct policy. Gay is the second Ivy League president to resign in the past month following the congressional testimony — Liz Magill, president of the University of Pennsylvania, resigned on December 9. Gay, Harvard's first Black president, announced her departure just months into her tenure in a letter to the Harvard community.

Russian tax authorities will start collecting taxes in digital rubles from 2025, with banks also handed powers to block “suspicious-looking” CBDC transactions.

funding winter and an increase in the number of companies looking to raise cash, says Deepak Padaki, president of Infosys founder NR Narayana Murthy’s investment firm, Catamaran Ventures. The family office has backed around 27 private firms including Acko, Udaan, PaperBoat and Elon Musk’s SpaceX. In an interview with ET’s Beena Parmar, Padaki, who joined the company last August, also talks about its investment exits, deal sizes and corporate governance at startups. Edited excerpts: Private investments have slowed down. Where is growth coming from for Catamaran?

Strains on U.S. consumer spending such as rising delinquency rates on credit cards largely indicate that Americans’ debt is returning to pre-pandemic levels, the head of President Joe Biden’s council of economic advisers said.

Markets opened the year on a cautious footing as mounting tensions in the Red Sea drove oil prices higher and weak Chinese data weighed on Asian shares. 

The Securities and Exchange Commission’s failure to complete an ambitious climate-related agenda in 2023 is making environmental activists nervous.

Financial industry opponents and investor-advocate supporters of a Department of Labor investment advice rule squared off in their familiar positions as the public comment deadline on the measure approached Tuesday.

Crypto voters could play a key role in swinging the 2024 election, a new survey from the Crypto Council for Innovation reveals.

The International Economic Association (IEA) recently concluded its 20th World Congress in Medellín, Colombia. This triennial event brings together scholars from all over the world to share and discuss the latest developments in economic thinking. This year’s edition underscored the urgency of re-evaluating some of the field’s core assumptions.

Bharat Nyay Yatra' on January 14, the Congress has called a meeting of its General Secretaries, State Incharges, state unit presidents and Congress Legislature Party (CLP) leaders on Thursday (January 4, 2024), news agency ANI reported. The meeting presided over by party president Mallikarjun Kharge will not only finalise the route of the 'Bharat Nyay Yatra' but also contemplate the preparations for the upcoming Lok Sabha elections during the meeting, the news agency reported citing party functionaries. The 'Bharat Nyay Yatra' will start on January 14 in Imphal, Manipur and is expected to conclude on March 20 in Mumbai, Maharashtra.

MUMBAI : Recent weeks have seen the Indian IT services industry raking up no-poach clauses when it came to senior employee exits. Legal claims have been made. What explains this sort of a reaction? Are these clauses even legally enforceable? Mint explores: Wipro and Infosys.

appointment and service conditions of the chief election commissioner and other election commissioners has been filed in the apex court. Filed by Congress' Jaya Thakur and others, the petition argues that the provisions of the law are violative of the principle of free and fair polls since it does not provide an «independent mechanism» for appointment of election commissioners. The Chief Election Commissioner and Other Election Commissioners (Appointment, Conditions of Service and Term of Office) Act, 2023, allows appointment to the posts of CEC and election commissioners by a selection committee comprising the prime minister, a Union Cabinet minister and the Leader of Opposition in the Lok Sabha. The law was passed by the Parliament last month and received the assent of the President on December 29.

BJP has formed committees for handling various aspects of next Lok Sabha elections. Union Ministers Dharmendra Pradhan, Bhupender Yadav and Assam Chief Minister Himanta Biswa Sarma are on those panels, sources said. BJP president JP Nadda held meeting with party leaders and Union ministers at the extension building of the party headquarters regarding 2024 polls. The BJP has formed panels for managing next Lok Sabha polls and for vetting and facilitating new joinings ahead of next Lok Sabha polls, sources said. These panels include Union Ministers Dharmendra Pradhan, Bhupender Yadav, Ashwini Vaishnaw, Anurag Thakur and Mansukh Mandaviya.

Lok Sabha polls uncertain. This also spells trouble for the newly-formed INDIA bloc, whose fate is intertwined with that of the Congress, in its fight against the Modi-led dispensation.