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Fast cross-border payments to make it difficult to check money laundering, terror funding: Fed official
The US Fed official overseeing payment systems said slowing down the speed at which payments are cl…
PTI
Sensex, Nifty surge on rally in US markets, foreign fund inflows
The NSE Nifty soared 187.45 points or 0.76 % to 25,010.60. Among the 30 Sensex firms, HCL Technolog…
Domestic gold prices surge 10% amid global price rally, central bank buying: World Gold Council
The reduction in import duty has ignited a resurgence in gold demand across India. Reports from the…
ANI
The US is considering a sovereign wealth fund. Alaska already has one, and it's funding a universal basic income.
Alaska's Permanent Fund, once funded by oil extraction, is now funded through investment returns, a…
Lakshmi Varanasi
Fed trims interest rates by 50 basis points, gold prices touch record-high
Per chairman Jerome Powell, the decision was taken in light of easing inflationary pressures in the…
In the long run, rate cut by Fed will be favourable for most US banks: Moody's
"Initially, the rate cuts will be credit negative for most US banks. We expect their deposit costs …
ANI
Markets globally await Fed chair Jerome Powell's Jackson Hole Symposium address later today
The central bankers and markets around the globe will be eying the speech given by Federal Reserve …
ANI
FADA urges banks to tighten funding to dealers as rains play spoilsport in August
Auto sales in India experienced a significant decline in August 2024, primarily due to excessive ra…
SBI Research anticipates Q1 GDP growth at 7.1%, in line with RBI forecast
Indian economy is expected to grow at 7.0-7.1% in the April-June period, the first quarter of 2024-…
ANI
RBI likely to keep interest rate unchanged at 6.5%, say experts
Reserve Bank of India (RBI) is likely to keep the key interest unchanged at 6.5% on Thursday, and w…
PTI
What is the federal funds rate?
The federal funds rate is the interest banks charge each other for overnight loans. Set by the Fede…
Karen Fernandez
These 40 House Republicans voted against millions of dollars in federal funding that they secured for their districts
Rep. Lauren Boebert voted against what she called the "Swamp Omnibus," even though her district wil…
Bryan Metzger
These 4 GOP senators voted to rip away millions of dollars in federal funding that they had secured for their home states
The vote was unsuccessful, and most of those senators voted for the bill's final passage. But it's …
Bryan Metzger
FPI ownership in NSE-listed companies drops below 18% in FY24
Foreign portfolio investments in India's NSE-listed companies have experienced significant fluctuat…
ANI
Marjorie Taylor Greene voted against over $9.3 million in federal funding for her district. She's bragging about it anyway.
Greene cited many reasons for voting against a bill containing funding for her district, including …
Bryan Metzger
Markets decline in early trade after record rally
Among the 30 Sensex companies, Tech Mahindra, JSW Steel, HCL Technologies, NTPC, Bajaj Finserv,…
PTI
US Fed says further interest rate hike unlikely going ahead
US Federal Reserve Chair Jerome Powell said a further interest rate hike from here is unlikely and …
ANI
15 states mostly led by Republicans refuse federal funds to feed hungry children during the summer months
Several Republican-led states told BI they have existing programs to feed children during the summe…
Katie Balevic
Florida is rejecting $320 million in federal funding to reduce emissions, calling it 'politicization of our roadways'
Officials turned down $320 million of federal dollars to address infrastructure affected by climate…
Katie Balevic
GOP lawsuits over Kamala Harris using Biden campaign funds or headlining Democratic ballots will all fail, experts say
Republicans may sue over Kamala Harris taking Joe Biden's campaign cash and place on the ballot, bu…