Fed Interest Rate Cut Likely After Labor Department Data Release
Investor anticipation for a Federal Reserve interest rate cut has surged following weaker-than-expected U.S. labor data and significant leadership changes…
Money
Read More
US Food Insecurity Doubles Since 2021 Amid Economic Disparity Concerns
Amid economic prosperity, an increasing number of Americans are battling food insecurity, with recent data revealing that 15.6% of U.S….
Billionaires Pledge $1 Billion for AI-Driven Economic Mobility
Five of America’s leading philanthropists have pledged more than $1 billion to a new initiative aimed at improving economic mobility…
Oil Prices Surge After Israel-Iran Strikes, But Experts Predict Only Temporary Impact
Oil prices experienced a significant increase on Friday following a military escalation involving Israel and Iran. Israel conducted airstrikes on…
Elon Musk Criticizes Trump’s Massive Tax Cut Bill, Warns of Fiscal Fallout
Elon Musk has voiced strong opposition to President Donald Trump’s ambitious tax cut proposal, expressing concern that it would jeopardize…
Bond Market Signals Trouble Amid Rising Deficit Fears and Tax Bill Concerns
The U.S. bond market is once again showing signs of distress, raising alarms among investors and economists. Long-term Treasury yields…
US Treasury to Halt Penny Production, But Coin Will Remain in Use for the Foreseeable Future
The United States Treasury Department has officially announced plans to begin phasing out production of the penny, a coin it…
Michael Bloomberg Tops TIME100 Philanthropy List as 2024’s Biggest Donor
Michael Bloomberg has been recognized as the most generous donor of 2024, according to TIME magazine’s prestigious TIME100 Philanthropy list….
New Republican Tax Bill Proposes 5% Remittance Levy, Posing Major Challenge for NRIs in the US
A new tax proposal introduced by the House Republicans on May 12, 2025, has raised significant concerns for Non-Resident Indians…
Dollar Faces Pressure as Asian Export Giants Shift Away from Long-Standing U.S. Investment Trends
A notable shift in Asia’s financial markets is casting a shadow over the U.S. dollar, as countries with significant trade…
Economists Warn of Potential Summer Slowdown as Consumer Sentiment Sours
American consumers are growing increasingly pessimistic about the state of the economy, with surveys reflecting a notable dip in confidence….
Trump Faces Challenges in Delivering Economic Promises Amid Inflation Concerns
During his 2024 presidential campaign, Donald Trump made bold economic promises aimed at addressing what was one of the top…
China Unearths 168 Tons of Gold Reserves While Pakistan Strikes a Massive Gold Deposit
China has once again made a significant gold discovery, this time uncovering an additional 168 tons of gold reserves. According…
SEC’s New Leadership Forms Task Force to Revamp Crypto Regulations
The U.S. Securities and Exchange Commission (SEC), under its new leadership, announced on Tuesday the formation of a task force…
Billionaire Wealth Surges in 2024 as Inequality Deepens, Oxfam Reports
A recent report by Oxfam, titled Takers Not Makers, has revealed a dramatic increase in billionaire wealth in 2024, sparking…
Rupee Hits Record Low Amid Global and Domestic Pressures
The Indian rupee continued its decline, reaching an all-time low of 85.35 against the US dollar in early trade on…
Elon Musk Achieves Unprecedented $500 Billion Net Worth Milestone
Elon Musk, the visionary CEO of Tesla and SpaceX and the owner of X (formerly Twitter), has surpassed an extraordinary…
Wall Street Forecasts: S&P 500 Targets for 2025 Highlight Optimism Amid Anticipated Trump Presidency
A collection of major Wall Street firms, including JPMorgan Chase, Wells Fargo, and Bank of America, has unveiled their projections…
India’s Billionaires Witness Record Wealth Surge, Sparking Debate on Economic Disparities
India’s billionaire community saw an unprecedented 42% growth in their wealth in 2024, bringing their total fortune to over $905…
Kerala Police Register FIRs Against Keralites for Defaulting on Kuwait Bank Loans
The Kerala Police have initiated legal action by filing ten First Information Reports (FIRs) against Keralites who left Kuwait after…
U.S. Economic Supremacy Set to Expand with AI Advancements, but Inequality Looms
The United States is poised to strengthen its economic dominance over other nations in the coming two decades, driven by…
NYC Tops the List as the Richest City in the World
Around the globe, many cities are renowned for their prosperity, offering vibrant business environments and luxurious lifestyles. However, which city…
Indian Rupee Suffers Its Worst Month in Eight as Dollar Strengthens Post-Trump Win
The Indian rupee ended November with its most significant monthly loss in eight months, primarily impacted by Donald Trump’s victory…
Senapathy Gopalakrishnan: Infosys Co-Founder Who Outshines Narayan Murthy in Wealth
Indian billionaires are constantly in the limelight for their impressive wealth and entrepreneurial accomplishments. As per the Hurun India Rich…
Indian Rupee Struggles Amid Dollar Strength and Equity Outflows
The Indian rupee is facing significant challenges, hovering near historic lows as it battles against a strong US dollar and…
Billionaire Fortunes Surge Following U.S. Election, Led by Musk’s Record Gains
Following Donald Trump’s victory in the U.S. presidential election, eight of America’s wealthiest individuals saw unprecedented gains. According to the…
Indian Rupee Ends Near Record Low Against Dollar Amid Election Uncertainty, RBI Intervention Limits Losses
The Indian rupee closed close to its all-time low against the dollar on Thursday, experiencing pressure from ongoing equity outflows…
Top 10 Strongest Currencies Globally: An Overview of Value and Stability
With 180 currencies recognized globally by the United Nations and used across 195 countries, a currency’s value and strength don’t…
Rupee Struggles Between Softer Dollar and Persistent Equity Outflows, Drops to Record Low
The Indian rupee faces opposing pressures as it concludes a volatile week. On one side, the dollar has softened, offering…
Kamala Harris Seen as Key to Tackling Medical Debt Crisis Amid Presidential Campaign
Patient and consumer advocates are turning to Vice President Kamala Harris as they hope she will intensify federal efforts to…
Economists Awarded Nobel Prize for Research on Institutional Impact on National Prosperity
Three prominent economists, Daron Acemoglu, Simon Johnson, and James Robinson, have been awarded the Nobel Prize in Economic Sciences for…
India’s Billionaires Cross $1 Trillion Milestone as Wealth Soars
India’s wealthiest individuals reached a significant achievement this year, with their combined net worth exceeding $1 trillion for the first…
US Banks Write Off Billions in Bad Debt as Delinquencies Surge
U.S. banks are facing mounting financial pressures, as billions of dollars in bad debt are being written off in increasing…
Warren Buffett’s Thrifty Parenting: No Handouts for His Kids Despite Billions in Wealth
Warren Buffett, one of the richest individuals globally, with a staggering net worth of $142 billion, according to Bloomberg, is…
Major US Banks Witness Billions in Deposit Flight Amid Economic Uncertainty
Recent data reveals significant declines in deposits at two major US banks. Citigroup’s quarterly earnings report indicates a decrease in…
IMF and World Bank Reports: Global Economy Dodges Recession, But Disparities Widen Among Nations
The global economy has sidestepped the looming threat of a crippling recession, with the IMF revising its forecast for worldwide…
U.S. Treasury Imposes Groundbreaking Sanctions on Spyware Maker Intellexa for Targeting Officials and Activists
The Treasury Department has taken a significant step by imposing sanctions on the manufacturer of spyware utilized to target government…
US Senate Passes $1.2 Trillion Spending Package, Averts Government Shutdown
The United States Senate has approved a $1.2 trillion spending plan to finance the US government until September, narrowly avoiding…
Study Reveals Striking Income Needed for Singles to Live Comfortably in Major U.S. Cities
Living comfortably as a single person in major U.S. metropolitan areas demands a substantial median income, averaging at $93,933, as…
Tax Season Alert: IRS Audit Risks and Red Flags for American Filers
As Americans submit their tax returns this season, there’s a growing concern about IRS audits amidst the agency’s efforts to…
US Inflation Slows in January, Easing Pressure on Federal Reserve Amid Economic Growth
Consumer prices experienced a 3.1% increase in January compared to the previous year, a notable deceleration from the prior month…
Millennials Navigate Economic Challenges: Reevaluating the American Dream Amidst Soaring Prices, Housing Dilemmas, and Shifting Priorities
Rachael Gambino and Garrett Mazzeo meticulously followed the financial playbook: education, debt reduction, aggressive savings, marriage, homeownership, and starting a…
Google Pay and NPCI Collaborate to Propel India’s UPI onto the Global Stage, Streamlining International Payments and Redefining Digital Payment Infrastructures Worldwide
Alphabet Inc.’s Google Pay is teaming up with the National Payments Corporation of India (NPCI) to propel India’s innovative mobile…
Blooming BRICS: Former White House Economist Warns of Dollar’s Growing Challenge
The US dollar could encounter a formidable challenge from BRICS countries due to their expanding size and influence in global…
The Top Economies in the World(1980-2075)
As per a new report from Goldman Sachs, the equilibrium of worldwide financial power is projected to move decisively in…
Student Loan Repayments Set to Resume with Potential Debt Forgiveness, New Repayment Plan, and Loan Servicer Changes
Following a hiatus of over three years, federal student loan payments are set to resume in the coming months. The…
Top Battery Stocks Set to Thrive as Global EV Demand Skyrockets and Lithium Prices Rebound
Leading battery stocks are set to stand out as the demand for electric vehicles surges. The International Energy Agency predicts…
Report Reveals Staggering Disparity Among Global Top 1%: Monaco Tops the List, India Ranks 22nd
Many people associate wealth with owning a luxurious home, an extravagant car, and other valuable possessions. However, the top one…
IRS To Launch Free Online Tax-Filing System
The IRS has revealed plans to initiate a trial of a complimentary, direct online tax-filing system for the 2024 tax…
Global Economies Seek to Break Free from US Dollar Dominance
Nations worldwide are embarking on an irreversible course to break away from the US dollar, according to seasoned investment expert…
The Deadline Looms For Debt Ceiling
The US federal government is on the brink of being unable to make debt payments, and it’s up to Congress…
India Phases Out ₹2,000 Notes, Sets September 30 Deadline for Exchange
New Delhi: The Reserve Bank of India (RBI) has announced its decision to phase out ₹ 2,000 notes and has…
How America Sustains High Deficits Without Economic Collapse
The United States has consistently maintained a high trade deficit for decades, raising questions about how the country manages to…
Turbotax Customers Can Claim $141M Settlement Money
(AP) — Millions of Americans who qualified for free tax services — but were instead deceived into paying TurboTax for…
Biden Administration Warns About Growing Risks Of Medical Loans And Medical Credit Cards
The Biden administration has issued a warning to Americans concerning the financial risks associated with medical credit cards and other…
Warnings Of Potential Cash Shortage By June 1st, If Debt Ceiling Not Raised
US Treasury Secretary Janet Yellen has issued a warning that the United States could run out of cash by 1…
GOP-Led Congress Passes “Limit, Save, Grow Act of 2023”
The U.S. House of Representatives on Wednesday, April 26, 2023 passed the Limit, Save, Grow Act of 2023 as the debt…
Warren Buffett Worried About Nuclear Threats And Pandemics
Warren Buffett, the billionaire investor, expressed that he is not worried about the success of his company, Berkshire Hathaway, despite…
NITI Aayog Vice Chair Suman Bery Leads Discussion On Indian Economy In New York
The Indian Consulate in New York held a Round Table on India’s economy on April 20, 2023, which was led…
Do The Rich Pay Their ‘Fair Share’?
Tax Day has recently passed and according to a recent Pew Research poll, Americans’ frustration with the tax code has…
How Ajay Banga Could Reshape World Bank To Tackle Climate Change
World Bank shareholders are gathered in Washington this week for their annual spring meetings, while the global financial institution is…
The Rising Cyber Weapons Market Forecast, 2021-2031
Allied Market Research published a report, titled, “Cyber Weapons Market by Type (Defensive, Offensive), by Application (National Defense System, Public…
Luxury Jewelry Market Size Is Projected To Reach USD 95.8 Billion By 2030
The Global Luxury Jewelry Market is anticipated to grow at a 7.85% CAGR and is estimated to be worth USD…
New Leaders At World Bank And BRICS Bank Have Different Outlooks
US President Joe Biden announced that the United States had placed the nomination of Ajay Banga to be the next…
De-Dollarization Gaining Momentum As Countries Seek Alternatives To Dollar
The U.S. dollar has dominated global trade and capital flows over many decades. However, many nations are looking for alternatives…
India Now Has Third Highest Number Of Billionaires In The World
India, which has the third-most billionaires, with 169, had a more mixed year. Indian billionaires as a group – worth…
Bernard Arnault Tops Forbes’ Annual Billionaires List
Elon Musk has officially been dethroned from the top of Forbes’ annual “World’s Billionaire’s List.” The Tesla and Twitter chief…
Money Can Buy Happiness, Scientists Say
People get happy as they earn more, according to a new study which overturns the dominant thinking that money cannot…
Biden’s $5 Trillion Tax Gambit Catches Congress By Surprise
President Biden went big in his $6.8 trillion annual budget proposal to Congress by calling for $5 trillion in tax increases over…
Indian Startups With Millions Of Dollars Stuck In Silicon Valley Bank Failure
Indian startups that have millions of dollars stuck with the troubled Silicon Valley Bank are waiting for business hours in the US…
$8.8 Bn Lost To Scams In 2022
The consumers in the US lost nearly $8.8 billion to scams in 2022, an increase of more than 30 per…
When Is The US Recession Expected?
(AP) — A majority of the nation’s business economists expect a U.S. recession to begin later this year than they…
₹ 305 Crore Of Jewelry Seized From Joyalukkas
The Enforcement Directorate has seized assets worth ₹ 305.84 crore of the popular jewellery chain Joyalukkas on Friday, days after…
US Supreme Court Hears Case On Students Loan Forgiveness
(AP) — The United States Supreme Court won’t have far to look if it wants a personal take on the…
Ajay Banga Nominated By Biden To Lead World Bank
President Joe Biden has nominated a former boss of Mastercard with decades of experience on Wall Street to lead the…
Stocks Tumbles 20% After US Research Group Accuses Adani Group Of Stock Manipulation
Shares of Adani Enterprises plunged on Friday as a scathing report by a US-based short seller triggered a massive selloff…
India Continues As World’s Fastest-Growing Economy With 5.8% Growth Rate
United Nations– India will remain the fastest-growing major economy recording a growth of 5.8 per cent this year, while the rest…
Richest 1% Have Two-Thirds Of New Wealth Created In The Last Two Years
Over the last two years, the richest 1% of people have accumulated close to two-thirds of all new wealth created…
5% Of Indians Own More Than 60% Of The Country’s Wealth
Just 5% of Indians own more than 60% of the country’s wealth, while the bottom 50% possess only 3% of…
Factors That Could Determine How 2023 Shapes Up For Global Equity Markets
Optimists may point out that the rate-hiking peak is on the horizon, possibly in March, with money markets expecting the…
India’s Billionaire Club Shrinks To 120, Gautam Adani Tops Rich List
In comparison, Ambani, who topped the list last year, has seen a 2.5 per cent decline in his family’s net…
IRS Announces New Tax Brackets And Standard Deduction For 2023
Inflations isn’t fun, but it could help lower your taxes in 2023. The IRS has announced the new 2023 tax…
$2.04 Billion Powerball Jackpot Ticket Was Sold In California
A lone winning ticket for the record $2.04 billion Powerball lottery jackpot was sold in Altadena, California, lottery officials said…
10 Richest People Who Ever Lived
The likes of Elon Musk, Bill Gates and Gautam Adani may be worth billions, but their riches pale in comparison…
Chinese Yuan Becomes World’s Fifth Most Traded Currency, Survey Finds
The Chinese currency, yuan leaped over the Australian, Canadian and Swiss currencies to become the fifth most traded currency in…
Movie Star Anna May Wong To Be First Asian American Featured On US Currency
Movie star Anna May Wong, who broke into Hollywood during the silent film era, will become the first Asian American…
New IRS Rules Mean Your Paycheck Could Be Bigger Next Year
Inflation may be pushing prices up, but it also may help push up your take-home pay starting next year. Thanks…
India Cancels Foreign Contribution Regulation Act License Of Rajiv Gandhi Foundation
India’s Union Home Ministry has cancelled the Foreign Contribution Regulation Act (FCRA) licence of Rajiv Gandhi Foundation (RGF), a non-governmental…
Loan Forgiveness Application Available For Students Now
The Department of Education launched a beta test version of its student loan relief website on Friday with an application…
Rupee Plunges To All-Time Low Against Dollar
The Indian Rupee pared most of its initial losses and settled 4 paise lower at a fresh lifetime low of…
S&P 500 Down 20% This Year, Retirement Savings Sink Impacting Millions
Despite stock market gains in the last couple of days, some investors are clearly tired of seeing losses in their…
Pound Plunges Against Dollar
By, Jill Lawless And Danica Kirka UK markets were in focus as the pound crashed to an all-time low and…
Rupee Nosedives As Dollar Continues To Gain
A hattrick of record low: The rupee plunged 54 paise to provisionally close at a new all-time low of 81.63 against…
Biden’s Student Loan Forgiveness Plan To Cost $400 Billion
President Joe Biden’s plan to forgive $10,000 in federal student debt for most borrowers will cost the government about $400…
Biden’s Student Loan Forgiveness Plan To Cost $400 Billion
President Joe Biden’s plan to forgive $10,000 in federal student debt for most borrowers will cost the government about $400…
Rupee Nosedives As Dollar Continues To Gain
A hattrick of record low: The rupee plunged 54 paise to provisionally close at a new all-time low of 81.63 against…
Pound Plunges Against Dollar
UK markets were in focus as the pound crashed to an all-time low and bond yields surged to the highest…
Repel The Recession With These 5 Tips
It doesn’t hurt your bottom line to take a step back and self-evaluate. Learn how you’ll be able to repel…
Thousands Of Yellow Cab Owner-Drivers To See Debt Relief They Won After 45-Day Camp Out And 15-Day Hunger Strike
(New York, NY) Thousands of yellow cab medallion owner-drivers will finally begin to see the debt relief they won after…
India Ranks Seventh In Digital Currency Ownership Worldwide: UN
The United Nations announced that the Covid-19 pandemic has caused an unprecedented rise in According to a report by the…
- 1
- 2