The Federal Reserve announced that it has withdrawn from the Network of Central Banks and Supervisors for Greening the Financial System, which incorporated climate risk into financial rules.
The National Human Rights Commission (NHRC) in June ordered federal and Tamil Nadu state officials to probe Foxconn's hiring practices, after a Reuters investigation found the manufacturer ...
Rate-sensitive stocks like HDFC Bank and Axis Bank rallied, climbing 3 percent and 4 percent, respectively, after the RBI announced liquidity-boosting measures. LIC Housing Finance, Bajaj Finance, and M&M Financial Services also advanced,
FIIs have been on a selling spree in the recent past, with the January 2025 net sales pegged at $7.67 billion. FII equity assets under management (AUM) also fell to an eight-month low of $786 billion as of January 15.
To contextualize a chaotic first 10 days for the federal government in President Donald Trump’s second term, some have pointed to Elon Musk’s purchase of Twitter. The comparison is apt: The email offering federal workers “deferred resignations” shared a title ( “Fork in the Road”) with a November 2022 email Musk sent Twitter employees demanding their loyalty or their resignations.
The Federal Reserve kicked off its second Trump era right where it left off: Doing exactly what it wanted to do, ignoring President Donald Trump’s demands that it lower rates.
Risks to the U.S. stock market are piling up as cracks emerge in the technology trade and the path for interest rates is clouded by persistent inflation worries that are being exacerbated by the potential for looming tariffs.
Policymakers left their benchmark rate unchanged amid signs that the economy is humming along, defying the president’s tradition-bucking pressure on the central bank.
The central bank’s decision to pause at its first meeting of 2025 followed a series of cuts that began in September to account for progress already made on getting inflation down. Over the course of three meetings, the Fed lowered rates by a full percentage point to a range of 4.25 percent to 4.5 percent, which was maintained on Wednesday.
Follow live coverage of the January FOMC meeting, interest-rate announcement, and Fed chairman Jerome Powell's press conference.
Federal Reserve Chair Jerome Powell pushed back on billionaire Elon Musk's claim the central bank is "absurdly overstaffed," saying the Fed has a careful budget process.
The S&P 500 (^GSPC) just capped its best first four trading days under a new president since Ronald Reagan's first week in 1985. The week ahead will bring investors a deluge of news that will put that rally to the test.