Progressive Financial News

Democratic presidential nominee Kamala Harris and her newly selected vice presidential running mate, Minnesota Governor Tim Walz, campaigned for the first time together on Tuesday in Philadelphia, kicking off a multi-day tour of battleground states aimed at introducing Walz to the national stage. In his remarks to a raucous crowd of more than 10,000 at Temple University, Walz described his upbringing in a small Nebraska town, his 24 years serving in the Army National Guard and his prior career as a high school social studies teacher and football coach. «It was my students who encouraged me to run for office,» he said. «They saw in me what I was hoping to instill in them: a commitment of common good, a belief that one person can make a difference.»

While the advice and financial industry girds itself for a $90 trillion Great Wealth Transfer, only a minority of Americans expect to leave a financial gift for their descendants, suggests new research from Northwestern Mutual.

Despite missing penalties, the team led by Harmanpreet Singh scored the first goal of the match in the first quarter against the German rival who failed to score a goal. After trailing in first quarter, however, Germany showed their dominance by turned things around and scoring two goals against India. In the third quarter, India was seen making a comeback by tying the score with Germany at 2-2. In the final quarter, however, Germany again won the field by scoring another goal against the Indian team which sealed the former's victory and road ahead to the finals against the Netherlands.

By Jake Fuss and Grady Munro

Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal joined the other NDA MPs from Assam to call on PM Narendra Modi. Speaking on the occasion, Sarbananda Sonowal said, “We are extremely inspired by the leadership of Prime Minister Narendra Modi ji that has explored many possibilities of the rich region of the Northeast to become the growth engine of India’s next economic growth. Today, under Modi Ji’s visionary leadership, the region is making remarkable strides in transformational progress be it in transport, business, social sector, infrastructure among others. There was a time when we had to fight for one bridge over Brahmaputra and today, under Modi ji, five new bridges are being constructed. Under the dynamic leadership of PM Narendra Modi ji, the possibility of Northeast is being harnessed to empower next economic resurgence. Northeast has full potential to become hub of production and business of the South East Asia and Guwahati is going to be the lynchpin of this economic possibility, unlocking immense potential of the Northeast.” During the meeting, the MPs thanked the Prime Minister for the last 10 years that has been transformational for the state marking a new era of peace, progress and prosperity.

Mahua Moitra on Tuesday hit out at Finance Minister Nirmala Sitharaman, saying she has made a mockery of people of India in the budget by doing absolutely nothing and whatever little changes are there are regressive and ill thought of. Speaking in the Lok Sabha, Moitra criticized the budget for failing to address the needs of the common people. «People wanted a course correction, but you have done the exact opposite. You have kept the same Cabinet, the same Finance Minister, who has given the same shoddy budget,» Moitra said. «The Finance Minister has made mockery of people of India in the budget by doing absolutely nothing, whatever little changes are there are regressive and ill thought of,» she added.

Marico Ltd said during the company’s post-earnings call on Monday. The Parachute hair oil maker on Monday reported a 4% increase in domestic volumes, as consolidated revenue rose 7% year-on-year. For the quarter ended 31 March, the company had alluded to a “visible uptick" in rural demand albeit towards the end of the quarter.

San Francisco Federal Reserve President Mary Daly on Monday said she expects that interest rates will be cut later this year but declined to provide a timetable or the extent to which the central bank will ease.

While there are many ways to measure economic inequality, key metrics consistently show that disparities are getting worse. According to a recent United Nations report, 71% of the world’s population now live in countries where inequality has increased. Unsurprisingly, this includes India and China.

Air Force has given clearance to public sector firm Bharat Dynamics Limited for the production of 200 Astra Mark 1 air-to-air missiles. The Astra Mark1 missiles have been developed by the Defence Research and Development Organisation with BDL as its production agency. The production clearance to the BDL was given during a visit by the Indian Air Force Deputy Chief Air Marshal Ashutosh Dixit to Hyderabad recently, Indian Air Force officials said.

report this week, the elderly are squirrelling away money, motivated by ever-longer retirements, the risk that they will need to pay for old-age care, the inevitable uncertainty about how long they will survive and the desire to pass on assets to their children. Whereas in the mid-1990s Americans aged between 65 and 74 spent 10% more than their income, the same age group has been a net saver, in aggregate, since 2015. A similar picture is found across the rich world, from Canada to Japan.

Vinesh Phogat will have to shake off a tumultuous build-up to the Paris Games when she takes mat, aiming for an elusive Olympic medal, while five of her colleagues will also strive to write their own success stories at the biggest stage when the wrestling event begins here Monday. Vinesh is easily India's most accomplished woman wrestler, with two World Championships, three CWG and eight Asian Championships medals adorning her cabinet, but her previous two Olympic campaigns have ended in heartbreaks. She had returned from Rio (2016) with just a broken leg, but from Tokyo (2021), she came back with her soul scarred after a crushing defeat 'by fall' in the quarterfinals. She was accused of misconduct and suspended by the WFI for several alleged transgressions. She claimed to have endured bouts of depression, and she was not sure of returning to the mat but she did. Not only she returned but also waged a battle outside the mat when she accused the WFI chief of sexual misconduct.

A spokesperson for UBS AM refused to comment on Chow's departure, but said «there have been some changes to the set up and responsibilities within our engagement team, which continues to be led by Francis Condon». Chow's departure happened shortly after the firm's head of impact investing Narina Mnatsakanian left the asset management division of UBS in June. UBS AM impact investing chief departs as Credit Suisse integration progresses News about Chow and Mnatsakanian exiting UBS came amid a sweep of senior changes at the lender. Chow started her career in 2001 as part of the gra...

The Federal Reserve is a hot topic this week for global investors trying to time interest-rate cuts. It’s also — unusually — a prominent feature on Corporate America’s post-earnings conference calls.

Bank of England cut interest rates from a 16-year high. Concerns about a widening conflict in the Middle East intensified this week after Hamas leader Ismail Haniyeh was assassinated in the Iranian capital Tehran on Wednesday morning, an attack that drew threats of revenge on Israel.

Paris Olympics action is currently in progress with swimming being one of the primary actions here in the La Defense Arena in the city as Team USA and others are on the hunt for multiple gold medals from the various swimming events that lie ahead. Although, the road ahead seems quite tough for the athletes as the pools in France seem 'slow' to them, as they are not nearing world records quite easily, according to a previous ET report.

WASHINGTON — Below is the statement the Federal Reserve released Wednesday after its latest policy meeting ended:

WASHINGTON – Federal Reserve officials on Wednesday held short-term interest rates steady but indicated that inflation is getting closer to target, which could open the door for future interest rate cuts.

The Federal Reserve says that greater progress has been made in reducing inflation to its 2% target

Jerome Powell speaks after Fed announces interest rate decision.

Women in crypto are earning nearly 15% more than their male counterparts on a median salary basis.