Mortgage Fraud Claims Give Trump Weapon Against Lisa Cook and Others
The director of Federal Housing Finance Agency could win the president an opening on the Federal Reserve board. Source link
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Aviation deal: Korea Air seals record $50 billion deal; Boeing and GE secure mega orders
Korean Air on Monday announced a record-breaking $50 billion order for 103 Boeing aircraft and GE Aerospace engines and servicing, coinciding with South Korean President Lee Jae Myung’s visit to Washington. The purchase marks the largest in the carrier’s history, as per Reuters.The order includes a mix of 787s, 777s and 737s worth about $36.5…
Fed Governor Lisa Cook to Sue Over Firing, Asserting Trump Abused Power
Lawyers for Ms. Cook promised to take legal action one day after the president moved to fire her over allegations of mortgage fraud. Source link
`Indian pharma resilient to potential US tariffs’
Potential tariff on pharma imports into the US, while still under Section 232 investigation, is unlikely to impact the credit profiles of Indian pharma companies, India Ratings and Research (Ind-Ra) said.While the US contributes around 35% to the total revenue for leading domestic pharma companies, this proportion has been steadily declining over the past few…
Fears of a French Government Collapse Send Its Borrowing Costs Soaring
France’s finance minister suggested that a cornerstone of the European economy might need help from the International Monetary Fund if a political and debt crisis were not addressed. Source link
US economy: Consumer confidence slips again in August; job market fears rise for eighth month
American consumers became less confident of the US economy in August, as worries over the jobs market continuing to mount for the eighth month in a row.Figures released on Tuesday by the Conference Board showed that its consumer confidence index slipped to 97.4 in August from 98.7 in July, a 1.3-point decline. The reading, though…
DOGE Put Critical Social Security Data at Risk, Whistle-Blower Says
DOGE team members uploaded a database with the personal information of hundreds of millions of Americans to a vulnerable cloud server, according to the agency’s chief data officer. Source link
Trump’s 50% tariffs: Indian refiners may trim Russian crude purchases; but India signals no plans to stop Russia oil trade
Indian refiners, who are major purchasers of Russian crude oil, intend to reduce their imports in the coming days. (AI image) Indian refiners’ crude oil procurement from Russia is set to reduce in the coming weeks, albeit modestly. The move comes at a time when the Donald Trump administration has imposed a 25% additional tariff…
As Trump Ramps Up Pressure on Digital Rules, Can Europe Resist?
The White House suggested that countries with digital regulations restricting U.S. tech companies could face penalties. The question is whether Europe can stand firm. Source link
US tariff blow: India’s readymade garments industry faces tough fiscal, says Crisil report; warns growth may slow to 3-5%
India’s readymade garment industry is bracing for a tough fiscal ahead, with revenue growth forecast to slow to just 3-5% over the period, nearly half the pace seen last year.This slowdown hurt credit indicators for industry players and led to weaker profitability, according to a recent report by Crisil Ratings. PM Modi’s Defiant ‘MAKE IN…