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New Fed report proves Milton Friedman and Joe Biden understood something vital about immigration—and explains why growth may sputter under Trump
The Trump Administration’s mission to severely curb unauthorized immigration was both highly successful and politically popular. Yet a new research paper from the Federal Reserve Bank of San Francisco found that the huge influx of foreigners under President Biden’s open border policy had the beneficial role of increasing the labor force, especially in fields where the U.S. sorely needed workers,…
JPMorgan admits for the first time it closed Trump’s accounts after the Jan. 6 attack as lender fights his $5 billion ‘debanking’ lawsuit
“In February 2021, JPMorgan informed Plaintiffs that certain accounts maintained with JPMorgan’s CB and PB would be closed,” JPMorgan’s former chief administrative officer Dan Wilkening wrote in the court filing. The “PB” and “CB” stands for JPMorgan’s private bank and commercial bank.Until now, JPMorgan has never admitted it closed the president’s accounts in writing after Jan. 6. The bank would…
Former IRS Commissioner: Here’s how we used AI to create immediate value when taxpayers scrutinized every dollar
Our blueprint became to identify urgent pain points, practically apply AI, measure impact, and build from there. Private businesses can follow the same methodology, but only if they understand how to identify and compound wins from different forms of AI.The most successful organizations will derive returns from AI across three lanes: Widely available tools like LLMs and agentic workflows can help…
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Nvidia’s Stock Soars After Record Earnings and AI Chip Demand Surge
The tech world is abuzz after chipmaker Nvidia (NVDA) released a stellar…
India Revs Up EV Industry: New Policy to Attract Investment
Buckle up, India! The Indian government has shifted into high gear with…
UBS Recommends European Stocks Over US: A Shift in Investment Strategy
In a surprising shift, investment banking giant UBS urges investors to focus…
US Stock Market Watch: Earnings Season Spotlight on Walmart and Market Trends
It's a pivotal week for the US stock market as earnings season…
Chinese EV Makers Brace for Impact: Potential US Tariffs Shake Industry
Chinese electric vehicle (EV) makers feel the shockwaves of a potential US…
Understanding the Recent Turbulence in the Indian Stock Market: Causes and Strategies
The Indian stock market has witnessed a period of turbulence, with the…
Namdev Finvest Secures $15 Million in Series B Funding for Expansion Plans
Jaipur-based non-banking financial company (NBFC) Namdev Finvest has secured a fresh infusion…
AWS Invests $9 Billion in Singapore: Boosting Cloud Infrastructure and AI Development
Amazon Web Services (AWS), the company's cloud computing behemoth, has announced a…
RBI Eases AIF Investment Rules: Implications for Banks and NBFCs
The Reserve Bank of India (RBI) has provided a sigh of relief to banks and non-banking financial companies (NBFCs) by relaxing its recent regulations on investments in Alternative Investment Funds…
