Bank executives were sent scrambling over the weekend after President Donald Trump declared late Friday that American credit card companies would be subject to a 10% cap on the interest rate they can charge customers. The move sent shares of large banks including Citigroup, JPMorgan Chase, Wells Fargo and Bank of America down between 1%…
Representative image (AI-generated) US President Donald Trump on Monday warned that Washington could face severe financial repercussions if the Supreme Court rules his sweeping global tariffs illegal. The warning comes as the country’s top court prepares to hear the high-stakes case this week.In a post on Truth Social, Trump wrote: “If the Supreme Court rules…
Leverage has been flushed, and spot demand remains soft, keeping bitcoin range-bound while token unlocks and thin liquidity drive sharp, narrative-led moves in select altcoins. Source link
NEW DELHI: Retail inflation inched up to a three-month high in Dec, led by narrowing deflation in some food prices and fading favourable base effect, but remained below the Reserve Bank of India’s (RBI) tolerance level for the fourth month in a row.Data released by the National Statistics Office (NSO) on Monday showed retail inflation,…
Check out some of the companies making the biggest moves in midday trading. Bank stocks — The group fell broadly after President Donald Trump called for credit card rates to be capped at 10% for one year . Capital One slid 6%, Synchrony Financial tumbled 8% and Citigroup dropped 3%. Bank of America , Wells…
A US federal court in Chicago on Monday began hearing a second damages trial against Boeing over the fatal 2019 crash of an Ethiopian Airlines 737 MAX aircraft, as a Canadian plaintiff sought compensation for the loss of multiple family members in the tragedy.The case has been filed by Manant Vaidya, whose sister Kosha Vaidya…
Traders rotated to Monero (XMR), Zcash (ZEC) and Railgun (RAIL) as bitcoin, ether remain stuck under key resistance levels. Source link
KOLKATA: Bengal CM Mamata Banerjee Monday wrote to CEC Gyanesh Kumar for the second time in 48 hours, alleging that EC was not issuing proper acknowledgments of documents submitted during SIR hearings and was instead marking them “not found” to disenfranchise genuine voters, reports Debashis Konar. She said, “The non-issuance of documentary acknowledgment deprives electors…
As Wall Street’s top bankers huddled in New York last month, preparing to convince Elon Musk’s SpaceX that they should be chosen to lead its upcoming IPO, one firm wasn’t letting its star advisor miss the bake-off. Among the squad of JPMorgan Chase investment bankers flying 2,500 miles west to California to pitch SpaceX was…
The TOI correspondent from Washington: US President Donald Trump is on the warpath against Venezuela, Cuba, Iran, Greenland — and the Federal Reserve. In a move that has rattled financial markets and political circles alike, the Trump administration’s Justice Department has launched a criminal investigation into Federal Reserve Chair Jerome Powell, marking an unprecedented clash…
