President Financial News

Commonwealth Financial Network Chief Investment Officer Brad McMillan discusses the impact of the UAW strike on the economy, the Federal Reserve's anticipated rate decision and his outlook on the markets.

The Securities and Exchange Commission said Friday that it had reached a $50,000 settlement with a small firm in Oshkosh, Wisconsin, Carl M. Hennig Inc., for violating Regulation Best Interest from June 2020 to the start of this year and for falling short in its procedures and policies concerning the new industry sales standard.

New Jersey car dealership owner Tom Maoli says the UAW strike could disrupt the auto supply chain causing a ripple effect throughout the U.S. economy on Cavuto: Coast to Coast.

FOX Business' Grady Trimble speaks with General Motors CEO Mary Barra amid the United Auto Workers' strikes.

MonetaryMacro.com CIO Joseph Wang argues while headline inflation has cooled, core inflation remains stuck above the Fed's target on 'Making Money.'

ERShares CEO Joel Shulman discusses the current state of the markets and the ongoing UAW strikes.

Auto workers have expanded their strike against major carmakers, walking out of 38 General Motors and Stellantis parts-distribution centers in 20 states

Vice President Kamala Harris says the Biden administration is beginning the process to remove medical bills from people’s credit scores

The departure of Rupert Murdoch as the leader of Fox’s parent company and his News Corp. media holdings after decades at the helm is unlikely to have as much of an impact on conservative media overall as it would have a decade ago

U.S. Ambassador to Japan Rahm Emanuel has accused China of using “economic coercion” against Japan by banning imports of Japanese seafood in response to the release of treated wastewater from the damaged Fukushima nuclear plant into the ocean, while Ch...

The U.S. Treasury Department and China’s Ministry of Finance have launched a pair of economic working groups in an effort to ease tensions and deepen ties between the nations

A new poll shows that Americans are much more sympathetic to Hollywood's striking writers and actors then they are to the studios on the other side of the table

A top official of upcoming international climate negotiations hopes to prove critics wrong and surprise them with a “course correction” for an ever-warming world

Sept. 15–21, 2023

Across New York City, civil society groups and large philanthropies meet on the sidelines of the United Nations while world leaders gather at the annual General Assembly

Bhagwant Mann's letter requesting him to take up the issue of «pending» rural development fund (RDF) amounting to Rs 5,637 crore with the president and the prime minister, the governor said it would be appropriate to wait for the decision of the Supreme Court on the state government's plea on the matter. In his letter on Thursday, Chief Minister Mann said his government had taken up the matter with the Centre and even at the level of the prime minister, RDF dues of Rs 5,637.40 crore was yet to be released by the Centre. In his response, the governor wrote, «I have received your letter regarding the Rural Development Fund amounting to Rs 5,637 crore and requesting for my intervention to take up the case with the prime minister. At the outset, I would like to convey that I am duty bound to serve the people of Punjab.» «I have learnt from the media reports that you have already approached the Hon'ble Supreme Court of India before approaching me.

United Auto Workers said on Friday the union will expand its strike against major automakers by walking out of 38 General Motors and Stellantis plants in 20 states.Ford was spared additional strikes because the company has met some of the union's demands during negotiations over the past week, said UAW President Shawn Fain. The union is pointing to the companies' huge recent profits as it seeks wage increases of 36 per cent over four years. The companies have offered a little over half that amount. The UAW has other demands, including a 32-hour work week for 40 hours of pay and a restoration of traditional pension plans for newer workers. The companies say they can't afford to meet the union's demands because they need to invest profits in a costly transition from gas-powered cars to electric vehicles. The UAW's contract with the automakers expired at midnight on September 14, and workers walked out of a Ford assembly plant near Detroit, a GM factory in Wentzville, Missouri, and a Jeep plant run by Stellantis in Toledo, Ohio.

Leading the field of Republican presidential candidates is former President Donald Trump, who faces a battery of federal and state criminal charges related to his efforts to overturn his 2020 election loss to Democrat Joe Biden. If Trump captures the Republican nomination and wins the general election, he will become the first president in 130 years to win the White House after sitting out a term, after Grover Cleveland. Biden, the incumbent president, is the presumptive Democratic nominee. He will be 81 when the election is held in November 2024, making him the oldest American ever to win a presidential election should he secure a second term.THE REPUBLICANS Trump, 77, is dominating a field of 10 major candidates who have largely avoided criticizing him directly for fear of alienating his base of diehard supporters. His Republican rivals, such as Florida Governor Ron DeSantis and former U.S.

inflation, volume growth is finally returning and rural demand is witnessing green shoots, Procter & Gamble Hygiene and Health Care Ltd (PGHHL) said on Friday. PGHHL, which reported a 12 per cent sales growth in FY23 and 3 per cent sales growth in the first quarter this fiscal, said FMCG consumption in the June quarter was the fastest in the last six quarters. «Inflation is softening and volume growth is finally returning.

In December 2005, five groups of Wall Street investors flew in private jets to Portland, Maine, where they took waiting limousines to a warren of metal buildings that resembled a midsize lumberyard. They had come to Bushmaster Firearms in pursuit of a highly profitable product whose market was growing faster than any other in America’s stagnant gun industry. The product was the AR-15, and red-hot Bushmaster, the nation’s leading manufacturer of the rifle, had decided to auction itself to the highest bidder.

Kovind for simultaneous elections will be held here on Saturday to discuss the roadmap and how to go about holding consultation with stakeholders. Kovind had recently told reporters in Odisha that the meeting will be held on September 23. The government had on September 2 notified the eight-member «high-level» panel to examine and make recommendations at the earliest on the issue of holding simultaneous elections to the Lok Sabha, state assemblies, municipalities and panchayats. People aware of the details said the meeting will be «introductory» in nature and members will discuss the roadmap on how to go about the mandate given to the panel. The panel, they said, will also discuss on how to go about holding consultations with stakeholders, research on the subject and preparation of working papers. Home Minister Amit Shah, former leader of the opposition in Rajya Sabha Ghulam Nabi Azad and former finance commission chairman N K Singh are among the committee's members. Congress' leader in the Lok Sabha Adhir Ranjan Chowdhury was also a member.