President Financial News

Trinamool Congress general secretary Abhishek Banerjee along with party leaders and workers sat on a dharna at the Rajghat here on Mahatma Gandhi's birth anniversary on Monday demanding the release of funds for West Bengal by the Centre. The Lok Sabha member, accompanied by party leaders including MPs, MLAs and state ministers who had arrived from West Bengal, paid tributes to Gandhi at the memorial and held the protest for two hours, sporting black armbands and displaying placards, after which they were escorted out by security personnel.

The United Auto Workers union has reached a tentative contract agreement with Mack Trucks that covers about 4,000 workers in three states

Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! Meanwhile, Congress leader Rahul Gandhi on Monday today offered prayers at the Golden Temple in Amritsar. The Congress MP will also participate in volunteer service at the Sachkhand Shri Harmandir Sahib.

Lava International expects to capture 10 per cent market share in under Rs 30,000-priced smartphone segment on account of up to Rs 600 crore investment in product development and marketing in the next two years, a senior company official said. Lava International President Sunil Raina told PTI that at a time when several Indian mobile phone companies succumbed to the pressure of aggressive pricing of foreign players around 2016-17 coupled with challenges posed by demonetisation and GST implementation, Lava focussed on its core strength and re-worked on the growth strategy. The company relaunched its smartphone business with a small pause with focus on customer experience around devices and providing repair service at home, Raina said.

Wall Street's main indexes opened lower on Monday as the 10-year Treasury yield regained 2007 highs, while investors awaited comments from Federal Reserve Chair Jerome Powell and more data this week to gauge the central bank's interest-rate path. The Dow Jones Industrial Average fell 52.00 points, or 0.16%, at the open to 33,455.50. The S&P 500 opened lower by 3.53 points, or 0.08%, at 4,284.52, while the Nasdaq Composite dropped 1.34 points, or 0.01%, to 13,217.99 at the opening bell. Powell and Philadelphia Fed President Patrick Hasker will speak at a roundtable discussion, due 11 a.m. ET, with local employers and small business owners on efforts to grow the economy. Later in the day, Cleveland Fed President Loretta Mester will speak on the outlook for the U.S.

China Evergrande Group’s massive financial and legal challenges in Asia are casting a long, dark shadow over the Chateau Montebello, the iconic Quebec log cabin resort which the developer owns.Evergrande, a once fast-growing Chinese property company that became the country’s second-largest developer, acquired the 211-room Chateau Montebello hotel in 2014.The deal earned headlines because the Chateau Montebello is the largest log cabin ever built. It occupies a special place in the Canadian psyche and the nation’s history.

Pro-Beijing leader Mohamed Muizzu has won the Maldives presidential election, beating incumbent president Ibrahim Solih in the second-round of the contest. This shift may raise alarms in New Delhi, apprehensive of China's growing influence in the traditionally Indian-aligned Maldives. Mint delves into the implications.

Former Chrysler CEO Bob Nardelli discusses the ongoing negotiation talks between the UAW and the Big Three automakers on 'The Claman Countdown.'

Wall Street was set to open lower on Monday as the 10-year Treasury yield regained 2007 highs, while investors awaited comments from Federal Reserve Chair Jerome Powell and more data this week to gauge the central bank's interest-rate path. Powell and Philadelphia Fed President Patrick Hasker will speak at a roundtable discussion, due 11 a.m. ET, with local employers and small business owners on efforts to grow the economy. Later in the day, Cleveland Fed President Loretta Mester will speak on the outlook for the U.S.

India will assist in maintaining all sites connected to Mahatma Gandhi in South Africa, the Indian envoy here said on Monday as the world marked the 154th birth anniversary of the global peace icon. On the occasion of Gandhi Jayanti, High Commissioner Prabhat Kumar paid floral homage to the bust of Gandhi at the Constitutional Court premises here, which was once a prison where the Mahatma and his followers served sentences during their resistance to discriminatory laws.

(Reuters) — Donald Trump said he will appear in a New York court on Monday at the beginning of a civil fraud trial in which the former president will face what he said was a «sham» accusation that he fraudulently inflated the value of properties and other assets.

The week promises a plethora of economic data, starting this morning with the ISM manufacturing data at 10 AM. This will be followed by Jay Powell participating in a roundtable discussion with Philly Fed President Patrick Harker at 11 AM ET. The week concludes with the September job report. Each day presents new data: JOLTS data on Tuesday, ADP and ISM services on Wednesday, and jobless claims on Thursday.

We were well aware of September's historical reputation as a challenging month for the stock market. In fact, when we examine data dating back to 1950 for the S&P 500, it emerges as the most unfavorable month of the year.

David Rosenberg, president and chief economist and strategist of Rosenberg Research & Associates Inc., talks with Financial Post’s Larysa Harapyn about how investors should listen to the message markets are sending. “Let the markets do the thinking for you,” he says.

US stock futures rose and Treasuries fell after a deal was reached on the weekend to avoid an American government shutdown. Traders are waiting to hear remarks from Federal Reserve Chief Jerome Powell later Monday.

Saudi Aramco is looking for more acquisitions in LNG following a first-ever deal in the industry last month, as it sees growing demand for the fuel.

Ukraine has hosted an international defense industry conference as part of a government effort to ramp up weapons production within the country to repel Russia’s full-scale invasion

Federal student loan borrowers will need to start making payments again this month after a three-year-plus pause due to the pandemic

Demand for critical minerals like nickel and cobalt is surging as climate change hastens a transition to renewable energy, boosting carbon emissions by miners and processors of such materials

Former President Donald Trump says he'll make a rare, voluntary trip to court in New York for the start of a civil trial in a lawsuit that's already resulted in a judge ruling he committed fraud in his business dealings

For a while, Sam Bankman-Fried tried to convince politicians and the public that he was the next J