Coinbase CEO: Stablecoin Bill Marks Financial Shift in America
Coinbase CEO Brian Armstrong asserts that the enactment of a stablecoin bill heralds a new financial era in the United…
Finance/Economy
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US Dollar’s Poor Start: Impact on Consumers and Economy
The U.S. dollar is experiencing its worst start to the year in over 50 years, raising concerns about inflation, increasing…
NRIs Can Avoid New US Remittance Tax by Paying Differently
The U.S. Senate has significantly lowered the proposed remittance tax from 5% to 1%, with exemptions for transfers made through…
Documentary Review: “The Brown Heart” Offers Thought-Provoking Insights
Two senior doctors investigate a rising wave of heart attacks among young South Asians, aiming to uncover causes and increase…
RBI Plans Stricter Rules on Overseas Remittances to Curb Passive Wealth Transfers
The Reserve Bank of India (RBI) is preparing to tighten the rules governing international money transfers by Indian residents, particularly…
IRS Announces Permanent Expansion of Free Online Tax Filing Program
The IRS’s trial of a free online tax filing program this year is set to become a permanent fixture, with…
Gold Prices Surge Amid Geopolitical Tensions and Federal Reserve Policies
Gold prices have experienced significant growth in recent months. The Indian Bullion Jewelers Association (IBJA) reported that on Tuesday, the…
Best Trading Styles for CFD Traders
There are four basic trading styles which are used by most of the CFD traders, and those are trend trading…
Apple launches MacBook Air with first Apple-designed microprocessors
Apple Inc has introduced a MacBook Air notebook computer with the first Apple-designed microprocessor, called the M1, a move that…
Shanghai spending big to build the new ‘Silicon Valley’
New Lingang Area, which aims to be a global innovation district, houses Tesla factories that will build electric vehicles and…
Mayur Gupta, Raja Rajamannar and Vineet Mehra Among Forbes’ Most Influential CMOs of 2020
Forbes magazine Oct. 1 unveiled its eighth annual World’s Most Influential CMOs list, honoring the top marketers worldwide, with three…
Indian Immigrants Send Back Home $11.72 Billion a Year
With hundreds of American banks and financial institutions shuttering physical branches due to COVID-19, it’s now even more difficult for…
MacKenzie Scott has become the world’s richest woman
MacKenzie Scott — philanthropist, author and ex-wife of Amazon (AMZN) CEO Jeff Bezos — is now the wealthiest woman in the world. Scott’s…
Jeff Bezos 1st person ever to be worth over $200 billion
Amazon Founder and CEO Jeff Bezos has become the world’s first person with a net worth of over $200 billion,…
Two gold nuggets worth $350,000 found in Australia
Two gold nuggets worth around $350,000 (£190,000; US$250,000) have been discovered by a pair of diggers in southern Australia. Brent…
US Stock Market Hits Its First Record Since The Pandemic Started
The S&P 500 (SPX) closed at an all-time high on Tuesday, August 18th for the first time since the Covid-19 pandemic…
TK Mathew Announces Candidacy For Tax Collector
TK Mathew, a 20-year veteran businessman who’s lived in Hillsborough County since 1991, has announced his candidacy for Hillsborough County…
Indian economy to slide at 60 year low, says IMF
India’s economic downturn is all the more steep considering that in the fourth quarter, India was one of the select…
Here are 4 Ways to Get Out of Debt Quick & Easy
No one wants to be in the state of insolvency, and if you are in such a state, then please…
US unemployment rate falls to 13.3%
The US labor market improved unexpectedly in May raising hopes that economic damage tied to the pandemic will be less…
Wealth Of US Billionaires Rose By $565 Billion During Pandemic
The past three months have been financially painful for many Americans — but not for billionaires. However, US billionaires have become $565…
Will There Be A Second Round Of Stimulus Check In June?
Congress could decide on a second wave of stimulus checks this month. If it passes, the package could be the…
‘Human development on course to decline after 30 yrs’
Global human development, which can be measured as a combination of the world’s education, health and living standards, could decline…
US GDP slumped 4.8% in the first quarter, ending the longest economic expansion on record
The longest US economic expansion is officially over. US gross domestic product fell at a 4.8% annualized rate in the…
The US economy has erased nearly all the job gains since the Great Recession
The Labor Department reported that the number of Americans applying for state unemployment benefits totaled 5.245 million last week. Combined with…
Trump’s approval ticks downward as economic worry mounts
A new CNN Poll of Polls finds President Donald Trump’s approval rating continuing to trend downward after he reached positive…
Record 16.8 Million People Have Sought U.S. Jobless Aid Since Coronavirus Outbreak Began
With a startling 6.6 million people seeking unemployment benefits last week, the United States has reached a grim landmark: More…
32 Million Livelihoods at Risk, Indian Economy Will Shrink 20 Percent if Lockdown Continues to Mid-May
If the India lockdown continues till mid-May along with moderate relaxation after the end of 21-day lockdown on April 14,…
If HCQ Is Really A ‘Gamechanger’, India Musn’t Export It
Winston Churchill once said that “gin and tonic has saved more Englishmen’s lives, and minds, than all the doctors in…
With Mukesh Ambani at the Top, India Now Has 101 Billionaires
With Mukesh Ambani at the top, India now has 101 billionaires, according to new data released by Forbes magazine. According…
Falling Oil demand and historically low prizes lead to deal to cut oil production
Oil prices dropped on Friday as traders feared that an Opec deal to slash global supplies by 10% would not…
India Center Foundation Launches Arts Resiliency Fund for South Asian Artists Affected by COVID-19
The Indian American non-profit arts organization India Center Foundation, in partnership with MELA Arts Connect, April 6 announced the formation…
Coronavirus, Tax Relief, and Recovery Rebates: What You Need to Know
By University of Nevada, Las Vegas (UNLV) Like Christmas, St. Patrick’s Day, and the Fourth of July, Tax Day in America…
A top White House official warned in January that a pandemic could imperil millions of Americans
A top White House adviser starkly warned Trump administration officials in late January that the crisis could cost the United…
How to get your US stimulus check from the US Government?
The IRS and the Treasury Department say Americans will start receiving their economic impact checks in the next three weeks….
Most Americans Say Coronavirus Outbreak Has Impacted Their Lives – More than half have prayed for an end to the virus’s spread
As the number of confirmed COVID-19 cases continues to rise and schools, workplaces and public gathering spaces across the United States remain closed, a…
The dollar is on a tear. Here’s why that’s troubling
Even though the novel coronavirus has the United States essentially in lockdown mode, the American dollar continues to be viewed…
Economic decline will be sharper and more painful than during the 2008 financial crisis
The U.S. economy is deteriorating more quickly than was expected just days ago as extraordinary measures designed to curb the coronavirus keep…
Impact of Coronavirus on Economy
The long-anticipated – and feared – moment when Covid-19 would infect the markets arrived with a bang. Despite efforts by…
Oil Prices Collapse
Oil prices slipped as low as $30 per barrel this week as the new coronavirus, COVID-19, led to shuttered factories…
Mukesh Ambani Named World’s Ninth Richest
Reliance Industries Ltd (RIL) chief Mukesh Ambani is the ninth richest person in the world along with Steve Ballmer of…
Three simple steps to trade the NFP news
Trading the Non-farm payroll data might be the most difficult task in the Forex market. But those who have extensive…
Indian CEOs Lead Big US Companies
IBM tapped Arvind Krishna as its next CEO last week. And this week WeWork confirmed it hired Sandeep Mathrani as its new chief…
India will tax NRIs only on income earned from India
Finance Minister Nirmala Sitharaman has said the Indian government has full sovereign right on the income generated by an NRI…
The approaching debt wave around world
The first of these happened in the early 1980s. After a decade of low borrowing costs, which enabled governments to…
Homeless US student population ‘highest in over a decade’ – The number of homeless students in the US is the highest in over a decade according to a new study
Most of the 1.5 million homeless schoolchildren stayed with other families or friends after losing their homes. But 7% lived…
George Soros commits $1 billion to fund a network of universities around the world to fight authoritarian regimes and climate change
George Soros, the billionaire investor-turned-philanthropist, said that he was committing $1 billion to fund “the most important project of his life”, a…
Rising Inequality Affects More Than 70% of the Globe
Inequality is growing for more than 70 per cent of the global population, exacerbating the risks of divisions and hampering…
World’s Richest 22 Men Are Worth The Same As All 325 Million Women in Africa – New Oxfam Report Reveals
“Wealth inequality remains shockingly high.” This is the sobering conclusion of Oxfam’s latest report, published on the eve of the World Economic…
Gold prices surge to a record high
Gold was one of the few investments heading higher Monday as worries about the coronavirus outbreak led to a steep market slide. Gold is…
Increasing Debt Drowns World
The world’s already huge debt load smashed the record for the highest debt-to-GDP ratio before 2019 was even over. In…
America’s CFOs Are Warning Of A Recession
Recession fears are again on the rise, with the vast majority of chief financial officers bracing for an economic downturn…
A Historic Year For The Stock Market
The market boomed in 2019, with major indexes hitting numerous record highs as stocks posted their best annual return in…
Mukesh Ambani: Asia’s richest man takes on retail giant Amazon
Mukesh Ambani’s Reliance Industries said it had been inviting people to sign up to its grocery delivery service. The company…
World’s Richest Gain $1.2 Trillion in 2019 as Jeff Bezos Retains Crown
The leveraging of a giant social-media presence, a catchy tune about a family of sharks and a burgeoning collection of…
US election, global slowdown to dominate 2020
The year 2020 will be dominated by the American election and a global slowdown, says The Economist, adding that the…
IMF paints grim picture of India’s economy
Declining consumption, investment and falling tax revenue combined with other factors put the brakes on the economy The International Monetary…
Indian Americans in CT Celebrate Christmas: Commit to Help Homes Destroyed by Floods
The Indian American community here in the US has brought with them some of the traditions they have cherished back…
Bill Gates is the richest person in the world
Bill Gates has surpassed Amazon (AMZN) CEO Jeff Bezos to reclaim the distinction of richest person in the world, with a net worth…
Half of world’s wealthy bracing for huge sell-off in 2020, UBS says
A majority of the wealthiest investors in the world are preparing for a huge market sell-off in 2020, according to…
India added 1,300 start-ups in 2019, including 7 unicorns
India added over 1,300 start-ups, including 7 unicorns in 2019, making the country the third biggest start-up ecosystem in the…
Citi predicts the greenback could weaken ‘substantially’ — to as low as 85 on the dollar index
The U.S. dollar index could fall to as low as 85 as the Federal Reserve grows its balance sheet again by purchasing more bond assets, a…
Unmarried Couples Gain in Numbers, but Survey Finds Married Ones May Be Happier
Financial considerations have contributed to a jump in the number of unmarried couples in the United States who live together,…
US Dollar could weaken ‘substantially’ — to as low as 85 on the dollar index
The U.S. dollar index could fall to as low as 85 as the Federal Reserve grows its balance sheet again by purchasing more bond assets, a…
America’s sex recession could lead to an economic depression
Forget the trade wars, automation, and even the skills gap. The real threat to the U.S. economy may be that…
India’s Global Hunger Index ranking reveals colossal failure of Modi government, says Rahul
After India was ranked a lowly 102nd out of 117 countries in this year’s Global Hunger Index (GHI), Congress leader…
Florida and Florida Real Estate – Part II: Tax Benefits of Living, Working, Doing Business, and Owning Real Estate in Florida
By Chacko Zachariah (Licensed Real Estate Broker and Realtor, Fabulous Homes, Inc., 954-491-7600, CZachariah2000@Yahoo.com) Florida offers several Tax Savings and…
52% of Americans are considered ‘middle class’—here’s how much money they earn
According to a 2018 report from the Pew Research Center, 52% of American adults live in “middle class” households. The…
Florida and Florida Real Estate Part I – Benefits of Buying Real Estate in Florida
By Chacko Zachariah, (Mr. Chacko Zachariah is a Licensed Real Estate Broker and Realtor, Fabulous Homes, Inc., 954-491-7600, CZachariah2000@Yahoo.com) Florida…
Are stocks being sold like it was in 2007
The leaders of Corporate America are cashing in their chips as doubts grow about the sustainability of the longest bull market in…
Ansari in Forbes List of Highest-Earning Stand-Up Comedians Of 2019
In an Aug. 16, 2019 article in Forbes, Ansari squeaked into the top 10 list of Highest-Earning Stand-Up Comedians of…
The Indian rupee is falling fast– and there are both winners and losers
The Indian rupee is near its weakest level against the dollar this year. And the fall has been sharper in…
5 facts about student loans
Americans owed about $1.5 trillion in student loans at the end of March 2019, more than two times what they owed a…
Gold hits life-time high of Rs 38,070 per 10 gram
Gold prices last week surpassed the Rs 38,000 per 10 gram mark for the first time ever, amid heightened trade…
South Asian origin among 11 charged in credit card scheme
Several individuals of South Asian origin are among eleven people charged with alleged credit card fraud, according to the Office…
Fund transfers via RTGS, NEFT to cost less from July 1
The Reserve Bank of India on Tuesday said it will waive all charges on fund transfer through popular RTGS and…
India to hit back US with retaliatory tariffs
In what could potentially aggravate trade tensions between India and the US, New Delhi has decided to impose long-pending retaliatory…
3 Indian-origin executives on Forbes list of America’s richest self-made women
Three Indian-origin women have been named by Forbes among America’s 80 richest self-made women, the “ceiling crashers” and “overachievers” blazing…
US ends special trade treatment for India amid tariff dispute
President Trump seems to be standing firm on his decision to impose tariffs on goods imported into America despite an…
Business Sector Congratulates Modi, Warns of Economic Challenges
As the Narendra Modi-led National Democratic Alliance (NDA) looks set for a second term with leads in 340 seats so…
What foreign media said about Modi’s victory
As India gave Prime Minister Narendra Modi a historic mandate with the ruling BJP returning to power in the Lok…
US Congress passes bipartisan retirement bill—here’s what it would mean for you if it becomes law
The House of Representatives passed the Secure Act, a bill backed by both Republicans and Democrats that aims to improve the…
GOPIO-CT holds PUBLIC FORUM for ELECTD OFFICIALS IN CONNECTICUT
Indian Consul General Sandeep Chakravorty and Deputy Consul General Shatrugna Sinha were hosted by the Connecticut chapter of the Global…
5th Annual Communities of Color Nonprofit Stabilization Fund Awardee Reception 69 Nonprofits Received Capacity Building Support from NYC Council
For the fifth consecutive year, the New York City Council has announced its support and commitment to investing in nonprofits…
Jagruti Panwala: Chairwoman of AAHOA, World’s Largest Hotel Owners Association
Pennsylvania hotelier Jagruti Panwala is the new chairwoman of AAHOA, the world’s largest hotel owners association. Panwala became chair during…
AAHOA Announces 2018 Award Winners
Acting White House Chief of Staff Mick Mulvaney addressed America’s hoteliers on Saturday, April 27, during the closing night of…
TiECON East Keynote Speakers Announced: Legendary Investor Jim Breyer, Kronos CEO Aron Ain, Veracode CEO Sam King and Seema Kumar of Johnson & Johnson
TiE Boston, one of the region’s largest and oldest organizations supporting the Massachusetts entrepreneurial ecosystem and connecting entrepreneurs, executives and…
US warns ‘India-based call center scam industry’
The US government has initiated action against the “India-based call center scam industry”, Assistant Attorney General Brian Benczkowski has warned…
IMF’s Gopinath Doubts India’s GDP number
After 108 economists and former RBI Governor Raghuram Rajan, International Monetary Fund’s (IMF) Chief Economist Gita Gopinath has expressed doubt…
Jet Airways cancels all international flights
Jet Airways, facing its worst existential crisis in its over 25-year-old history, Friday extended suspension of its international operations till…
House committee passes bill to upgrade 401(k) plans amid ‘retirement income crisis’
The most comprehensive changes to private retirement plans in more than a decade are gaining momentum in Congress. A key House committee…
India’s Cloud market to hit $7 billion by 2022: Nasscom
With increased adoption of futuristic technologies such as Artificial Intelligence (AI) and Machine Learning (ML), the Cloud market in India…
Goodbye, special treatment to the rich
The Wyden plan “would transform how the U.S. taxes the wealthiest people,” The Wall Street Journal’s Gabriel Rubin and Richard Rubin writes….
Assessments of 2017 tax law more negative than positive in many demographic groups
Across many demographic groups, assessments of the 2017 tax law are more negative than positive overall. And partisan differences in…
U.K. Rejects Brexit Deal for 3rd Time, Leaving the Plan for Exiting the E.U. in Tatters
U.K. lawmakers on Friday rejected the government’s divorce agreement with the European Union for a third time, leaving Britain just…
Infosys arm to buy 75% stake in Dutch bank subsidiary
Global software major Infosys on Thursday said its consulting arm would buy 75 per cent equity stake in Starter N.V.,…
Prof. S.P. Kothari chief economist and director of the Division of Economic and Risk Analysis at SEC
The MIT Sloan School of Management recently announced that S.P. Kothari, the Gordon Y. Billard Professor of Management and former deputy…
India’s rupee just went from Asia’s worst to best currency
The turnaround has been fuelled by the improved chances of Prime Minister Narendra Modi winning a second term amid recent…
Hong Kong to build $79 billion artificial island
The artificial island — the city’s most expensive infrastructure project to date — would be four times the cost of…
Looking to the Future, Public Sees an America in Decline on Many Fronts
Majorities predict a weaker economy, a growing income divide, a degraded environment and a broken political system BY KIM PARKER, RICH MORIN AND JULIANA…