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A ‘no-brainer’: Senate unanimously bans members and staff from using prediction markets
“United States senators have no business engaging in speculative activities like prediction markets while collecting a taxpayer-funded paycheck, period,” said Sen. Bernie Moreno, R-Ohio, who sponsored the resolution. An amendment by Sen. Alex Padilla, D-Calif., broadened the measure to include staff.Senate Minority Leader Chuck Schumer, D-N.Y., said the move was a “no-brainer.” He encouraged the House and Trump administration to…
The national debt is the same size as the economy. It’s a ‘disturbing warning and a call to action,’ watchdog says
Six months before Election Day, America’s $39 trillion national debt has moved from an abstract fiscal concern to a dinner-table anxiety — and voters across the political spectrum are demanding that candidates explain what they plan to do about it.A new national survey released Thursday by the Peter G. Peterson Foundation found that 92% of registered voters are concerned that…
Supermicro—accused of smuggling $2.5 billion in Nvidia chips and servers to China—has been here before, with Iran
However, this isn’t Supermicro’s first brush with this type of export-control violation. The two cases—separated by two decades and vast differences in scope—allegedly share a similar pattern. Find a neighboring country where it is legal to sell to, hide the real buyer, and ship the restricted tech to the illegal market.A representative for Supermicro declined to comment on the Iran violations. Supermicro…
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India Revs Up EV Industry: New Policy to Attract Investment
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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…
Korean Banks Revive Night Shifts as Won Trading Hours Extend Beyond Midnight
South Korean banks are set to reintroduce night shifts as won trading hours undergo extension this year, marking a return to a practice last seen in the 1990s that had…
