Trump’s big claims: US President says tariffs can replace federal income taxes — but do the numbers back him?
US President Donald Trump is once again floating the idea that tariffs could one day replace federal income taxes in the United States, reviving a proposal that has been the focus of his economic approach since the 2024 presidential campaign.Trump claims that the revenue generated from tariffs is rising fast enough to eventually eliminate the…
$2B Capital Raise Sends Stock Lower
Shares of Coreweave (CRWV) fell 8% on Monday after the AI infrastructure company announced plans to borrow $2 billion from investors by issuing debt that can be turned into common stock. The convertible debt offering could rise to $2.3 billion if the $300 million underwriter greenshoe option is exercised in full. While pricing hasn’t yet…
Digital dominance: UPI tops global real-time payments with 49% share; govt tells Lok Sabha
India’s Unified Payments Interface (UPI) has been recognised as the world’s largest retail real-time payment system by transaction volume, accounting for nearly half of all such transactions globally, the government told Parliament on Monday.Citing an International Monetary Fund (IMF) report titled ‘Growing Retail Digital Payments (The Value of Interoperability)’ dated June 2025, the government said…
New Delhi, Canberra deepen education, sports and research ties | India News
NEW DELHI: India and Australia on Monday deepened their education and skills partnership with the University of New South Wales (UNSW), ranked among the world’s top 20, receiving a Letter of Intent to establish a campus in India, becoming the fifth Australian university to get such approval. The two sides also sanctioned Rs 9.84 crore…
US market today: Wall street holds near record highs; Warner Bros bidding war lifts stocks ahead of Fed decision
US stocks hovered close to record levels on Monday as investors stayed cautious ahead of a key Federal Reserve decision, even as select stocks moved sharply on takeover news and index reshuffles.The S&P 500 was largely flat in early trade and sat about 0.3% below its all-time high set in October, while the Nasdaq Composite…
AI expansion: IBM snaps up Confluent in $11-billion deal; data streaming seen as key to faster AI deployment
IBM on Monday announced a major acquisition to strengthen its artificial intelligence capabilities, agreeing to buy data streaming platform Confluent in a cash deal valued at $11 billion.The US technology major said it has signed a definitive agreement to acquire all issued and outstanding common stock of Confluent Inc. for $31 per share in cash,…
The trillion-dollar shock: What tariff? How Xi Jinping beat Trump in trade war
President Trump’s trade war strategy – featuring sweeping tariffs – has not curtailed China’s export machine. (AI image) Driving the news:Despite nearly a decade of US tariffs under President Donald Trump, China’s trade surplus has exploded, hitting $1.08 trillion through November – the highest ever recorded globally and a level China didn’t reach until year-end…
Tom Lee’s BitMine (BMNR) Ramps Up Buying
BitMine Immersion Technologies (BMNR), the Ethereum-focused digital asset treasury firm, acquired 138,452 ether ETH$3,131.55 last week, accelerating its accumulation strategy that lifted its total holdings to 3.86 million tokens, the company reported Monday. At current ETH prices, last week’s acquisition is worth roughly $435 million. That’s a 156% increase from four weeks ago when it…
Mandaviya defends Labour Codes, flags safeguards for women tea workers in Assam | India News
NEW DELHI: Union labour minister Mansukh Mandaviya on Monday defended the four Labour Codes in the Lok Sabha, citing their impact on women workers, particularly in Assam’s tea plantations, amid opposition’s criticism that the reforms dilute labour protections. His remarks came in response to questions on implementation and safeguards under the Codes.Responding to a question…