Us News
Biggest US Banks’ Capital Hike Chopped in Half in Latest Plan by Regulators
The biggest US banks would face a 9% increase in capital requirements — a dramatic retreat from the original plan — after regulators agreed to sweeping changes to a proposed package of rules, according to people familiar with the matter.
2 min read03:29 AM ISTWall Street today: US stocks edge higher after last week’s rout, Tesla & Nvidia up over 3% each – Here’s why
At 11:26 a.m. ET, the Dow Jones rose 0.90 per cent, the S&P 500 gained 0.61 per cent, the Nasdaq added 0.44 per cent
2 min read9 Sep 2024iPhone 16 launch: Apple shares fall over 1% after tech giant launches iPhone 16, new smartwatch unveiled
Apple Event 2024: At 2:25 p.m. EDT, ;Apple stock was at ;$217.69, down $3.13 or 1.42%
2 min read12:03 AM ISTDonald Trump ‘can never be trusted with power again’: Dick Cheney, lifelong Republican, endorses Democrat Kamala Harris
Dick Cheney, a lifelong Republican, has said that Donald Trump ‘can never be trusted with power again’. The former US Vice-President has decided to support Kamala Harris in the upcoming US presidential election.
1 min read9 Sep 2024Biden and Trump are both eyeing a sovereign-wealth fund. Why?
Competition with China is one reason, but some experts say such a fund is unlikely.
4 min read9 Sep 2024September is once again a tough month for stocks
The S&P 500 fell 4.2% last week on concerns about the health of the U.S. economy. Going back to 1928, September has been stocks’ weakest month of the year.
3 min read9 Sep 2024Mint Quick Edit | Trump’s tariff ideas are bad for the world
He has said he prefers trade tools over financial sanctions against geopolitical adversaries and is right about the latter’s risks to the dollar’s supremacy. But using tariffs as weapons isn’t any wiser, as the whole world loses from trade inefficiency.
1 min read9 Sep 2024Wall Street week ahead: Investors to closely watch inflation data, consumer survey, Apple event
Next week, the economic calendar will feature reports on the consumer price inflation and wholesale inflation for August, and the University of Michigan’s consumer survey
1 min read8 Sep 2024Yellen Says No Red Lights Flashing as US Makes Soft Landing
Treasury Secretary Janet Yellen said there are no “red lights flashing” for the financial system, and reiterated her view that the US economy has reached a soft landing even as job growth weakens.
3 min read8 Sep 2024$10 million and a fake investor: How the Kremlin allegedly built a conservative US media startup
Tenet Media, a seemingly successful Tennessee startup, was secretly bankrolled by Russia, the Justice Department says.
7 min read7 Sep 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared