The US dollar is undergoing an unprecedented decline in 2025, losing its long-held status as the world's most reliable safe-haven currency. The steep fall is being driven by investor panic over erratic and unfunded economic policies, ballooning national debt, and an erosion of confidence in the country's financial institutions. As a result, global markets are experiencing turbulence not seen since the 2008 financial crisis. At the heart of the crisis are a series of unpred

As the July 9 deadline approaches, India and the United States are engaged in crucial extended negotiations to finalize an interim trade agreement. The urgency behind these talks stems from the looming reimplementation of 26% reciprocal tariffs, which were initially imposed several years ago and temporarily suspended for 90 days. Should the two nations fail to reach an agreement by the deadline, these tariffs will automatically return, potentially destabilizing the trade relationship between the

Washington: As the US Senate prepares for a crucial vote on President Donald Trump's ambitious tax and immigration legislation, billionaire entrepreneur Elon Musk has launched a scathing attack on the proposal. Nicknamed the "One Big Beautiful Bill" by Trump, the legislation seeks to extend expiring tax cuts, expand military spending, and fund mass deportation efforts. However, it has sparked fierce criticism for threatening to slash social welfare programs while ballooning the

Starting July 1, 2025, several important changes in the financial sector will come into effect, impacting individual taxpayers, bank customers, and railway travelers. These changes include new regulations for Aadhaar-PAN linking, increased banking fees, and adjustments in railway ticket prices. Below are some of the key updates that individuals should be aware of: Aadhaar-PAN Linking

President Donald Trump has announced that he does not intend to extend the 90-day pause on tariffs beyond July 9, signaling a return to aggressive trade measures that could affect several countries unless individual trade agreements are secured. Speaking in an interview, Trump stated that his administration would begin sending formal notifications to countries soon, warning them of upcoming trade penalties unless they finalize deals with the United States. The president emphasi

Austin is considering a new proposal to introduce a parks maintenance fee that could be added to residents' utility bills. The proposal, introduced by Council Member Paige Ellis of District 8, aims to address the city's growing park maintenance needs as the city expands. Ellis believes this fee will help Austin manage the rising demand for new park facilities, maintain older infrastructure, and fund new land acquisitions. According to the Austin Parks

Filing your Income Tax Return (ITR) can be a complex task, especially if you're doing it without professional help. For salaried individuals, Form 16 is a crucial document that simplifies the process by providing details of salary earned and the tax deducted at source (TDS). If you've received your Form 16 and are preparing to file your ITR, it's important to first review the form thoroughly to ensure accuracy.

The San Jose District 3 special election is reaching its decisive moment, with voters heading to the polls Tuesday. The final financial disclosures ahead of the vote reveal a competitive and high-stakes race between Planning Commission Chair Anthony Tordillos and community leader Gabby Chavez-Lopez. Both candidates have used the final weeks of the campaign to consolidate support and push messaging, but it is Tordillos who holds the lead in fundraising. According to official filing

Vacations are meant to refresh and recharge, but for many, they bring a financial hangover that lasts long after the tan fades. It’s not uncommon to feel anxious looking at your bank account or credit card bill once you return. The root of the problem? Most people budget for the vacation itself but forget to account for life after the trip. Chartered Accountant Abhishek Walia highlights that the real mistake is

The United States Supreme Court has handed President Donald Trump a significant legal victory by refusing to expedite a case challenging his broad reciprocal tariffs on imports. The court’s decision, delivered Friday, rejected an urgent scheduling request made by two family-owned companies that aimed to invalidate several of Trump’s import duties. The companies, Learning Resources Inc. and Hand2Mind Inc., had asked the justices to bypass the usual judicial process and conside

Rice prices in Japan have experienced a dramatic surge, more than doubling in May with a year-over-year increase of 101.7%, marking the steepest rise in over 50 years. This significant increase follows a 98.4% spike in April and a 92.1% year-over-year rise recorded in March, underscoring the growing concerns over staple food affordability in the country. The Japanese government has attempted to curb the rapid price rise by releasing emergency rice stockpiles, aiming to stabiliz

Anant and Akash Ambani have emerged as the richest Indians in 2025, commanding a combined net worth of ₹3.59 lakh crore. The sons of Mukesh Ambani have overtaken other corporate heavyweights, securing the top spot on the newly released 360 ONE Wealth Creators List 2025, prepared in collaboration with CRISIL. This inaugural list features a total of 2,013 Indian entrepreneurs, investors, professionals, and heirs, collectively holding ₹100 trillion approximat

Santa Clara County supervisors have taken a major step toward adopting a $14 billion budget that attempts to preserve essential public services amid mounting state and federal funding threats. The unanimous preliminary approval followed weeks of hearings and workshops, with final adoption expected on June 17. However, the mood among county leaders was far from celebratory, as they confronted the reality of declining external support and growing local demand. Supervisors acknowledg

India’s tax authorities are zeroing in on cryptocurrency tax evaders in a major enforcement drive led by the Central Board of Direct Taxes (CBDT). As part of an intensified compliance campaign, the CBDT has flagged thousands of individuals and entities who failed to declare their income from Virtual Digital Assets (VDAs) for the assessment years 2023–24 and 2024–25. Many skipped Schedule VDA in their income tax returns or incorrectly applied

The City of Houston has officially passed a $7 billion budget for fiscal year 2026, with significant wage increases for first responders and major cuts to several city departments. Mayor John Whitmire’s administration secured historic deals with both the Houston Police Officers Union and the Houston Professional Firefighters Association. The agreements, ending years of disputes and stagnation, are projected to cost the city nearly $2.5 billion over the n

Anger and concern swept across San Francisco on Wednesday as more than 1,500 residents gathered outside City Hall to protest the proposed budget cuts in Mayor Daniel Lurie’s new financial plan. As the city grapples with a deficit running into the hundreds of millions, the mayor’s proposal has sparked widespread frustration among workers and community advocates who fear losing essential services and their jobs. The protest was held just before the city’s budget committee conv

A major coalition representing auto parts suppliers in the United States has issued a stark warning about the looming threat to the automotive supply chain caused by China's recent restrictions on rare earth exports. The group, MEMA – The Vehicle Suppliers Association – called for urgent government intervention, saying the limited access to these critical materials could quickly spiral into a nationwide auto manufacturing disruption. Rare earth elements, essenti

Santa Clara city officials are evaluating the possibility of introducing paid parking at several city-owned locations, including the historic Franklin Square and the Santa Clara Convention Center. This potential change is part of a broader strategy to stabilize the city's finances as future budget projections reveal growing deficits. Although Santa Clara’s proposed 2025-26 fiscal plan currently projects a $9.3 million surplus, forecasts over the subsequent five years ind

Gas prices in Columbus, Ohio have seen a significant decrease over the past week, bringing some welcome relief to drivers as the summer season gets underway. The average price of gasoline in the city has dropped by 16.4 cents per gallon, settling at $2.92 as of Monday. This latest dip places Columbus fuel prices 31.5 cents below where they stood a month ago and a full 50 cents cheaper than the same time last year. Across the state, similar declines are being seen. The Ohio average

As the new month begins, New Jersey residents are grappling with a noticeable rise in their electricity bills. Utility rates have increased by 17 to 20 percent depending on the electric provider, a change affecting thousands of households statewide. Customers of the four main electric companies—PSE&G, JCP&L, Atlantic City Electric, and Rockland Electric Company—are all impacted by the price revision, which was set into motion following the state's annual electricity au