The cryptocurrency market witnessed another downturn over the past 24 hours, mirroring the broader risk-averse sentiment in global markets. The overall market capitalization fell by 1.06%, led by weakness in major tokens as investors reassessed their exposure amid rising U.S. inflation expectations, ETF outflows, and growing uncertainty in digital asset trading. Bitcoin, the largest cryptocurrency by market value, dropped 0.64% in the last day and was trading around $121,186 at the

In a move that has ignited a political storm in India, Union Home Minister Amit Shah introduced the Constitution (130th Amendment) Bill in the Lok Sabha, which has sparked widespread controversy and heated debates. The Bill proposes that any Prime Minister, Chief Minister, or minister who is arrested and remains in custody for more than 30 days due to charges carrying a jail term of five years or more should be removed from office. This legislation has led to

Stock futures rose sharply on Thursday following an announcement from President Donald Trump that the United States and the United Kingdom have finalized a major trade agreement. This development sparked enthusiasm across Wall Street, especially in technology stocks, and contributed to a strong premarket rally. Futures tied to the Dow Jones Industrial Average gained 303 points, a 0.7% increase, while futures on the S&P 500 and Nasdaq

Millions of borrowers with defaulted federal student loans will soon face renewed consequences as the U.S. government resumes collections. The Department of Education has confirmed that, beginning May 5, it will refer defaulted loans to the Treasury Department’s offset program. This program allows the government to garnish wages, withhold tax refunds, and seize portions of Social Security checks to collect unpaid student debt. These measures officially end the collections pause introduced

Non-Resident Indians have long played the role of cultural ambassadors, but their economic contribution is now more vital than ever as India navigates an increasingly turbulent global landscape. Amid rising trade tensions and monetary uncertainties, the Reserve Bank of India has acknowledged that NRI remittances and investments are not just sentimental gestures but strategic assets. The RBI, in its recent monthly bulletin, noted that with the right policy support, India can transform global v

Two healthcare executives were sentenced to federal prison for orchestrating a massive medical fraud operation that bilked the U.S. government out of $127 million through a scheme involving unnecessary medical braces and illegal kickbacks. The sentencing took place in federal court in Newark, marking the conclusion of one of the more brazen cases of healthcare fraud in recent years. Eric Karlewicz, 46, of Rockland County, New York, and Nicco Romanowski, 33, of Roswell, Georgia,

  Asia-Pacific markets traded mixed on Tuesday, reflecting investor caution after a turbulent session on Wall Street. The instability stemmed from renewed political pressure by U.S. President Donald Trump on Federal Reserve Chairman Jerome Powell. Trump's latest comments criticizing Powell’s leadership and calling for lower interest rates reverberated through global markets, reigniting concerns about central bank independence and its role in shaping monetary policy.

A growing clash between academic independence and federal oversight has erupted into a full-scale standoff after the Trump administration announced a freeze on over $2 billion in federal grants to Harvard University. The decision comes after the Ivy League institution firmly rejected a list of sweeping federal demands, including audits of student viewpoints and the dismantling of diversity and inclusion programs. On Monday night, the administration's Joint Task Force to Combat

A roofing company in northern Washington state became the focal point of a major federal immigration enforcement action this week, resulting in the arrest of 37 individuals. The operation took place in Bellingham, a city situated near the Canadian border, where federal agents from U.S. Immigration and Customs Enforcement (ICE) and Customs and Border Protection (CBP) executed a raid at Mt. Baker Roofing’s warehouse early Wednesday morning. The agents, part of ICE’s Home

United States – The U.S. government announced Monday it will initiate a sweeping review of $9 billion in federal funding to Harvard University over allegations of anti-Semitism and campus unrest linked to pro-Palestinian protests. This move marks the latest escalation by President Donald Trump’s administration in its campaign against elite academic institutions that have seen intense student demonstrations related to the Israel-Gaza conflict. The General Services Administration co

The stock market suffered a sharp sell-off on Friday as fears over inflation, declining consumer confidence, and doubts about artificial intelligence investments combined to push major indexes lower. The S&P 500 dropped 2%, making it the second-worst trading day of 2025 for the broad-based index, while the Nasdaq Composite tumbled 2.7%, breaching its lowest point for the year. The Dow Jones Industrial Average also slumped, losing 1.7% as investors reacted to concerning economic signals.

President Donald Trump has signed an executive order establishing a Strategic Bitcoin Reserve, reinforcing the United States’ role in cryptocurrency management. This move marks a significant shift in federal policy toward digital assets, as the US government will now officially stockpile Bitcoin and other cryptocurrencies seized in criminal and civil forfeiture cases.Unlike traditional government reserves, this initiative does not involve taxpayer funds. Instead, the reserve will be bui

US President Donald Trump delivered a triumphant address to Congress, emphasizing his administration’s policy shifts in global trade, domestic regulations, and federal restructuring. Within just six weeks of taking office, Trump boasted of achievements that have significantly altered America’s foreign relations, triggered trade disputes, and reduced the size of the federal workforce. His speech was met with a standing ovation from Republican supporters, while Democrats protested s

In response to widespread federal job losses, Maryland Governor Wes Moore has unveiled an initiative aimed at helping displaced federal employees find new opportunities within the state. The governor's executive action, announced Friday, outlines a plan to transition affected workers into state and county positions through job fairs and recruitment websites. Governor Moore made it clear that Maryland would not stand by while its residents face unemploym

The Department of Government Efficiency, known as the DOGE initiative, was introduced to streamline government spending by reducing the number of federal employees and eliminating programs that do not align with President Trump's policies. The initiative was presented as a necessary response to the growing $36 trillion national debt. One of its first major actions was the removal of Diversity, Equity, and Inclusion programs, a move that has been met with both support and criticism. While

On Monday, the Indian rupee plunged by 67 paise to hit a record low of 87.29 against the US dollar. This sharp depreciation came in the wake of US President Donald Trump's decision to impose tariffs on Canada, Mexico, and China, sparking fears of a global trade war. Trump’s tariffs—25% on Canada and Mexico, and 10% on China—sent shockwaves through the financial markets. As the US dollar gained strength amid risk aversion, the rupee faced mounting pressure due to sustaine

The US government is facing a potential shutdown as the Friday night deadline for passing a spending bill approaches. The shutdown, driven by political deadlock, could furlough around 875,000 federal workers while 1.4 million essential workers would continue without pay during the holiday season. Although essential services like air traffic control and law enforcement would remain operational, employees will not be paid immediately, though they typically receive retroactive compensation once

Bitcoin reached an all-time high of over $106,000, marking a significant milestone just 10 days after surpassing the $100,000 mark. The cryptocurrency’s surge is fueled by expectations that the Federal Reserve may cut interest rates during its upcoming policy meeting. Lower interest rates historically benefit Bitcoin, as they weaken the US dollar and increase the money supply, driving investor interest in digital assets. Bitcoin has risen over 77% in the last year, and its rec

India's foreign exchange reserves saw an increase to $658.1 billion for the week ending November 29, according to the Reserve Bank of India (RBI). This rise followed an eight-week decline, with a $1.5 billion increase from the previous week. In comparison, the reserves had dropped by $1.31 billion in the prior week, reaching $656.58 billion. Foreign investors have invested Rs 1.75 lakh crore into India's debt and equity markets in 2024. However, the month of November witness