Powell Suggests Potential Interest Rate Increase, Not a Cut
Federal Reserve Chair Jerome Powell held interest rates steady, emphasizing a cautious approach to rate cuts amid internal dissent and…
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GENIUS Act Enables Stablecoin Adoption via Mastercard
Mastercard stands poised to play a pivotal role in the burgeoning stablecoin ecosystem following the passage of the GENIUS Act,…
Understanding the Final Shift in Social Security Retirement Age: What It Means for Future Retirees
Changes to the Social Security retirement system have not come unexpectedly. Instead, they are part of a carefully phased plan…
Social Security Recipients to Receive 2.5 Percent Increase in 2025 Amid Easing Inflation
Social Security beneficiaries will see a 2.5 percent cost-of-living adjustment (COLA) in 2025, as announced on Thursday. This marks a…
Warren Buffett’s Modest Lifestyle Despite Immense Wealth
Warren Buffett, often hailed as the greatest investor of all time, is also among the wealthiest individuals on the planet….
Fed’s Jumbo-Sized Rate Cut Marks Major Shift Amid Inflation Fight
The Federal Reserve on Wednesday introduced its first major rate reduction since the pandemic, signaling a pivotal moment for the…
Oracle Chairman Larry Ellison Surpasses Jeff Bezos as His Net Worth Reaches $206.1 Billion
Larry Ellison, the chairman of Oracle, has seen his wealth skyrocket, surpassing even Amazon founder Jeff Bezos. On Monday, Ellison’s…
Economic Confidence Rises Slightly in August, Despite Pessimism on Financial Outlook
Americans’ economic confidence saw a modest increase this month, although a majority still believes that the nation’s financial situation is…
India’s Economic Growth Slows to 15-Month Low in April-June 2024
India’s economic growth rate has decelerated to a 15-month low of 6.7% for the April-June quarter of the fiscal year…
How Mark Zuckerberg Spends His $187 Billion Fortune on Cars, Real Estate, Charity, and More
Mark Zuckerberg, one of the wealthiest and most influential individuals in the world, boasts a staggering net worth of $187…
Allegations Against SEBI Chief Madhabi Puri Buch Raise Questions of Conflict of Interest
Madhabi Puri Buch, the head of India’s Securities and Exchange Board (SEBI), is facing scrutiny for allegedly breaching regulations during…
US Stock Market Rebounds Strongly After Recent Global Sell-Off
Barely a week after experiencing a significant global sell-off, US stocks have made a remarkable recovery. The turbulence was initially…
Mortgage Applications Surge as Rates Drop Amid Persistent Housing Affordability Crisis
The standard 30-year fixed-rate mortgage saw a slight increase this week, reaching 6.49%, according to Freddie Mac’s report on Thursday….
Kamala Harris Faces Economic Messaging Challenge as Inflation Eases, but Recession Fears Loom
Federal Reserve officials and leading economists now agree that the U.S. has made significant progress in controlling inflation. The challenge…
U.S. Stock Market Ends Week Flat After Volatile Rollercoaster Ride
The leading U.S. stock market index, the S&P 500, ended the first week of August nearly unchanged, masking a week…
Wall Street Giants Face Scrutiny Over Alleged Cash Sweep Account Mismanagement
Wells Fargo, Morgan Stanley, and Bank of America are among several Wall Street banks facing accusations of depriving customers of…
Stock Market Turmoil Erases $134 Billion from the Fortunes of the World’s Richest
The financial landscape experienced a significant shake-up as the world’s 500 wealthiest individuals saw a staggering $134 billion wiped from…
Signs of Economic Slowdown Emerge Amid Post-Pandemic Expansion
Two years ago, nearly every reputable economist was predicting an imminent recession, a forecast that turned out to be incorrect….
FTSE 100 Suffers Significant Drop Amid Global Market Concerns
The FTSE 100 experienced one of its worst trading sessions in recent months, dropping more than 120 points, or over…
India Introduces UPI One World Wallet for International Travelers Amid Rising Tourist Engagement
India’s retail payments body, the National Payments Corporation of India (NPCI), has introduced a new initiative called the UPI One…
US Dollar Dominance Undermines BRICS De-dollarization Efforts as Currencies Hit New Lows
In July 2024, the US dollar continued its reign over BRICS currencies, challenging the bloc’s de-dollarization agenda and exerting its…
NPCI Launches UPI One World Wallet for International Travelers to India
The National Payments Corporation of India (NPCI), which oversees India’s payment and settlement systems, has introduced a new wallet specifically…
A Journey Through U.S. Currency: From Continental Bills to the Elusive $100,000 Note
Tracing the evolution of a nation’s currency provides a unique window into its history. Currency’s journey is rarely straightforward, filled…
Social Security Payment Schedule and Benefits: July 2024 Updates and COLA Expectations
Millions of retirees under the Social Security system are slated to receive their monthly payments directly into their bank accounts…
Top 10 Highest-Paid U.S. CEOs of 2023: Elon Musk Leads with $1.4 Billion
This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible…
Citigroup Hit with $135.6 Million Fine for Failing to Resolve Longstanding Risk Issues, CEO Fraser Vows Continued Transformation
Citigroup was fined $135.6 million by government regulators on Wednesday for not making enough progress in addressing longstanding internal control…
Unlocking Happiness: Practical Strategies from Yale’s Science of Well-Being Course
Are you as happy as you should be? That question often keeps me up at night and fueled my interest…
U.S. Housing Market Crisis Looms Large as Economic Drag Ahead of 2024 Election
To paraphrase the article while including the original quotes and maintaining the content integrity within approximately 1000 words: The U.S….
U.S. Economy Adds 206,000 Jobs in June, Showing Resilience Amid High Interest Rates
In June, American employers demonstrated the U.S. economy’s robust nature by adding 206,000 jobs, indicating its resilience against persistently high…
Indian-American Businessman Rishi Shah Sentenced for $1 Billion Fraud Scheme
Rishi Shah, an Indian-American businessman and former billionaire co-founder of Outcome Health, has been sentenced to seven and a half…
Indian Americans: Small in Number, Big in Impact – Economic, Academic, and Policy Contributions Shape US and Beyond
Indians, while comprising a minor fraction of the US population, wield substantial economic influence. Despite representing only 1.5% of the…
Unveiling the Evolution of Credit Cards: From Diners Club to Magnetic Stripes and Beyond
When credit cards were first introduced in 1950, Americans were already familiar with the concept of buying on credit through…
Indian Funds in Swiss Banks Plummet by 70% in 2023, Hitting Four-Year Low
In 2023, Indian deposits in Swiss banks fell dramatically by 70%, reaching their lowest point in four years at 1.04…
Billionaire Timothy Mellon Donates $50 Million to Trump Super-PAC, Setting Record for 2024 Election; Michael Bloomberg Contributes $19 Million to Biden Campaign
Timothy Mellon, a billionaire born into one of America’s wealthiest families, has contributed $50 million to the Trump campaign super-PAC,…
Record Home Prices and High Mortgage Rates Challenge Buyers and Sellers in Tight Housing Market
A Challenging Era for Homebuyers Home prices surged to an unprecedented high last month, with recent data highlighting the increasing…
Study Finds Inflation Expected to Outpace Salary Increases Across Most Industries by 2028
Inflation is projected to outpace the majority of salaries in the coming years, as per recent findings. The analysis, conducted…
US Sanctions Force Moscow Exchange to Halt Dollar and Euro Trading, Shift Focus to Yuan
New US sanctions against Russia have resulted in the immediate halt of trading in dollars and euros on the Moscow…
Bitcoin Faces Volatility Amid Economic Uncertainty: Crypto Stocks Eye Recovery in 2024
Cryptocurrencies have faced a challenging period following a robust performance in 2023 and the first quarter of this year. Bitcoin…
Asia’s Billionaire Boom: Meet the Top 10 Wealthiest Individuals of 2024
As the global economy undergoes significant transformation, Asia has risen to prominence as a major center for wealth creation. The…
Bitcoin Reaches Second-Highest Weekly Close at $69,640 Amid Volatile Market Conditions
Bitcoin, the preeminent cryptocurrency by market capitalization, has achieved its second-highest weekly close ever recorded. The digital asset closed Sunday…
Major US Banks Under Fire for Failing to Protect Customers from Fraud on Zelle: Senate Panel Report
JPMorgan Chase, Bank of America, and Wells Fargo are under scrutiny for not adequately safeguarding their customers from substantial fraud…
UNICEF Report: 181 Million Children Suffer from Severe Food Poverty Amid Global Crises
Many children worldwide are not getting enough to eat, but what does “not enough” look like? In East Africa, it…
Nvidia Surpasses Apple in Market Cap, Becomes Second-Largest U.S. Company Amid AI Boom
Nvidia, the darling of Wall Street’s artificial intelligence enthusiasts, continues to ascend to unprecedented heights. The company’s market capitalization climbed…
Apple’s iPhone Sales Soar to $1.95 Trillion Despite Q1 Decline
Despite a slight decline in the first quarter of 2024, Apple’s lifetime iPhone sales have reached staggering heights, with total…
China Sells $101.9 Billion in US Treasury Securities Amid Shift Away from Dollar
In a significant development, China has sold $101.9 billion in US Treasury securities over the past year, according to the…
India’s Rising Inequality
India’s problem is that it is under-taxed. This has been said several times, including in the Economic Survey published by…