Key insight: Trump promises to not sign the bill, but has not said whether he plans to veto it or not. Forward look: The bill becomes law at midnight without Trump’s signature or veto. What’s at stake: A number of community bank favored riders are in the bill, including two brokered deposit bills. WASHINGTON —…
A same-sex couple has challenged a provision of the income tax law that exempts gifts exchanged between spouses from taxation but excludes LGBTQ+ couples from the benefit as their marriages are not legally recognised in India. The Karnataka High Court has sought a response from the Union government on a petition filed last year by…
India has launched a new initiative to attract the world’s largest pension investors, seeking to strengthen the National Pension System (NPS), support infrastructure financing and potentially improve long-term investment opportunities for retirement savers. The Pension Fund Regulatory and Development Authority (PFRDA) has constituted a high-level committee called ASCEND (Accelerated Scaling of Global Capital Ecosystem…
The S&P 500 Index ($SPX) (SPY) on Thursday closed up +0.81%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.27%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.62%. September E-mini S&P futures (ESU26) rose +0.82%, and September E-mini Nasdaq futures (NQU26) rose +1.63%. Stock indexes settled higher on Thursday, led by a rally in chipmakers, after…
When it comes to building retirement savings, it’s easy to assume you need to invest a huge sum of money every month to build a sizable nest egg. But let’s be real — in today’s economy, that’s not an easy thing. Housing prices are through the roof. Food and gas are expensive. And travel? Forget…
The Baker Hughes Rig count for the current week showed: Total U.S. rigs: 580 up +1 Oil rigs: 445 Unchanged Gas rigs: 126 up +1 The price of crude oil is currently trading at $71.20 down $0.88 or -1.21% on the day. The low price for the day reach $70.77. The high price was at…
Kusumgar’s Rs 650-crore initial public offering (IPO) ended the subscription process with a blockbuster response on the final day of bidding. The issue was subscribed 129 times against the 1.14 crore shares offered. Qualified Institutional Buyers (QIBs) led the subscription, bidding 284.10 times their reserved quota. The Non-Institutional Investor (NII) portion was subscribed 165 times,…
When you need quick business funding, knowing your options is essential. There are ten effective ways to secure funds swiftly, from online term loans to merchant cash advances. Each method offers distinct advantages and requirements that can impact your access to cash. Comprehending these options can help you make informed decisions. Let’s explore the types…
Blockchain finance innovation focused so much on using technology to remove intermediaries that it hasn’t yet had time to ask many different questions. One of the more pressing ones, at least for the enterprise and institutional space, is: Once the intermediaries are gone, who takes responsibility when something goes wrong? Finance teams and enterprise back…
Ukraine wants joint investigation in Monaco bomb case, top prosecutor says