President Donald Trump on Wednesday hosted top global business executives at the White House for the “Investing in America” event, where he revealed over $2 trillion in new investment commitments aimed at strengthening U.S. manufacturing, infrastructure, and artificial intelligence leadership. Speaking in front of industry leaders from companies including Nvidia, SoftBank, GE Aerospace, Oracle, and OpenAI, Trump framed the gathering as a milestone in what he described as the most

Veteran emerging markets investor Mark Mobius has shifted nearly all of his investments into cash, citing ongoing global trade tensions and market uncertainty. In an interview with Bloomberg Television, Mobius said that he currently has around 95% of his funds in cash, declaring that “cash is king” as the global economy navigates unstable trade dynamics. Mobius, who has over three decades of experience investing across developing markets and co-founded Mobius Capital P

In an eye-opening revelation that underscores the worsening cost-of-living crisis in California, new data shows that individuals earning over $100,000 annually in four Bay Area counties are now classified as "low income." According to a recent report from the California Department of Housing and Community Development, single residents in Marin, San Mateo, San Francisco, and Santa Clara counties fall into this category despite salaries that would be considered high in most parts of the

India’s top security and political leadership gathered for back-to-back high-level meetings on Wednesday to discuss the country’s evolving strategy following the Pahalgam terror attack, in which 26 tourists were killed. With tensions rising between India and Pakistan, the government’s response has included hard-hitting diplomatic and policy-level decisions, including the suspension of the Indus Waters Treaty. The Cabinet Committee on Security (CCS), chaired by Prim

India and Pakistan find themselves in a renewed phase of tension following a deadly terror attack in Jammu and Kashmir's Pahalgam and a subsequent series of ceasefire violations across the International Border and the Line of Control (LoC). This recent spike in hostilities has cast a shadow over diplomatic relations, with a series of political, military, and humanitarian developments rapidly unfolding. On the intervening night of April 29 and 30, the Pakistan Army initiated unpr

 Adidas has confirmed that U.S. tariffs introduced under former President Donald Trump will eventually lead to price increases on all of its products sold in the American market. The German sportswear company made the statement on Tuesday while presenting a strong financial performance for the first quarter, though it acknowledged that continued global trade uncertainty was holding back its growth forecast. The sportswear giant said it could not yet determine exactly how much

The City of Houston spent $180 million from its general fund on purchasing goods and services during the fiscal year ending June 30, 2024, according to newly released public financial records. Overseeing that massive flow of public funds was the Strategic Procurement Division of the Finance Department, which itself cost about $9.5 million to operate last year. City officials emphasize that purchasing within a government body like Houston is far different from everyday consumer spending. Unlik

If Texas were an independent nation, its economy would rank as the eighth-largest in the world, surpassing economic giants like Russia, Canada, and Italy. With a nominal gross domestic product (GDP) of $2.7 trillion, Texas sits just behind the overall United States, China, Germany, and Japan when measured against global economies. Among U.S. states, Texas ranks second only to California and accounts for an impressive 9% of the total U.S. GDP. According to recent data compiled by the Internati

The United States has expressed deep concern over escalating tensions between India and Pakistan following the recent terror attack in Pahalgam, which claimed the lives of 26 people. In a statement issued on Monday, the U.S. State Department emphasized the importance of both nations adopting a responsible and peaceful approach to resolving the crisis. The message comes in the wake of growing uncertainty and strain between the two nuclear-armed neighbors, with the international community watch

In a major blow to Jammu and Kashmir’s thriving tourism industry, the government has shut down dozens of resorts and restricted access to several popular tourist destinations across the Union territory. The move comes just days after a horrifying terror attack at the picturesque meadows of Pahalgam left 26 civilians dead, triggering widespread panic and fear among both locals and visitors. According to official sources, at least 48 resorts have been ordered to close as a preventive meas

Apple’s App Store continues to make a significant economic impact in India, facilitating a staggering Rs 44,447 crores (approximately $5.31 billion) in developer billings and sales in 2024, according to a newly published report. An overwhelming 94 percent of this commerce flowed directly to developers and businesses without any commission deducted by Apple. The report, authored by IIM Ahmedabad professor Viswanath Pingali, sheds light on the transformative effect the App Store

In a landmark defense agreement, India has signed a Rs 63,000 crore government-to-government deal with France to procure 26 Rafale-Marine fighter jets, aimed at strengthening the Indian Navy’s combat capabilities amid rising maritime challenges posed by China in the Indo-Pacific region. The contract was signed under an Inter-Governmental Agreement (IGA), ensuring direct procurement without any intermediaries. The agreement covers the delivery of 22 single-seater Rafale-M jets and four t

In a decisive move to counter provocative misinformation following the Pahalgam terror attack, India has banned 16 Pakistani YouTube channels, government sources confirmed. The action was taken on the recommendations of the Union Home Ministry to safeguard national security and maintain public order amid heightened tensions between India and Pakistan. The banned YouTube channels collectively had a massive following, totaling over 63 million subscribers. The channels included prominent Pakista

Following the devastating terror attack in Jammu and Kashmir's Pahalgam, which claimed 26 lives, India has taken a historic decision to suspend the Indus Waters Treaty of 1960. Union Jal Shakti Minister CR Patil, after a key meeting with Home Minister Amit Shah and top officials, announced that India will ensure "not even a drop" of Indus River water reaches Pakistan. This move is being seen as a firm and justified response to sustained cross-border terrorism, signaling a major shi

In a major development, the United Nations Security Council (UNSC) has issued a strong condemnation of the Pahalgam terror attack that left 26 people dead, stressing that the perpetrators, financiers, and sponsors of this heinous act must be brought to justice. The 15-nation body urged all states to cooperate actively under international law to hold those responsible accountable. The UNSC’s statement comes amid escalating tensions between In

Amid escalating tensions with India after the deadly Pahalgam terror attack, Pakistan Prime Minister Shehbaz Sharif has expressed his country's willingness to participate in a “non-partisan, neutral, and transparent” international investigation. Speaking at the Pakistan Military Academy, Shehbaz condemned the ongoing "blame game" and reaffirmed Pakistan’s long-standing position on Kashmir, calling it the nation’s "jugular vein" as per Quaid-i-Azam

In a unified and peaceful response to the recent terror attack in Pahalgam, Jammu and Kashmir, members of the Muslim community across India expressed deep grief and condemnation during Friday prayers. The attack, which took place earlier this week, claimed the lives of 26 individuals and left many injured. The incident has sent shockwaves across the nation, prompting citizens of all faiths to demand justice and stronger counter-terrorism action. From Delhi to Hyderabad and Bhopal to Varanasi,

In a powerful response to the brutal terrorist attack in Jammu and Kashmir’s Pahalgam region that claimed 26 lives, authorities have demolished the houses of two Lashkar-e-Taiba (LeT) terrorists Adil Hussain Thoker and Asif Sheikh on Thursday night. Officials confirmed that the houses were destroyed in separate controlled blasts. Explosives were placed inside the structures located in Anantnag and Pulwama districts, respectively. Adil Hussain Thoker, a native of Anantnag, is one of the

Tensions between India and Pakistan escalated sharply this week after a deadly terrorist attack in Jammu and Kashmir’s Pahalgam left 26 people dead, including civilians and tourists. The fallout has now extended to international air travel and diplomatic ties. In a significant move on Thursday, Pakistan closed its airspace to all Indian-owned or -operated airlines, triggering travel disruptions and widespread concern. Indian carriers IndiGo and Air India have already issued public warni

Gold has once again taken center stage in the global financial landscape, reasserting itself as a preferred safe-haven asset at a time when traditional pillars like U.S. Treasurys and the dollar are facing significant challenges. As economic instability, inflation fears, and geopolitical risks rise, investors are increasingly turning to gold as a reliable store of value. The recent depreciation of the U.S. dollar has been a key factor in gold’s renewed strength. Several econ