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Why India Will Become the World's Next Economic Superpower

Amid the global discourse on emerging economic powerhouses, India's trajectory is drawing keen interest from observers worldwide. With a narrative often shadowed by the colossal growth story of China, India's economic journey presents a compelling case for its potential ascendancy to superpower status.

January 1 Brings Raise Day for Millions Across the US

A new study suggests that the implementation of higher minimum wages across 22 states on January 1 will benefit over 10 million workers economically.

US and China Debt Woes Could Shake Up Global Ratings in 2024

The year 2024 may mark significant changes in several sovereign credit ratings due to the U.S. and China being on downgrade alerts, Turkey expecting to receive an upgrade after a ten-year hiatus, Israel facing its first drop, and more than fifty elections to be managed.

US Stocks Navigate Uncertainty as $5 Trillion Options Hang in the Balance

Market participants indicated that dealers squaring their books ahead of what is expected to be the largest-ever options expiry for S&P 500-linked derivatives may be assisting in minimizing volatility in U.S. equities.

High-Priced Prescription Drugs Face Patent Revocation Threat from White House

The Biden administration is putting pharmaceutical corporations on notice, telling them that if the price of some pharmaceuticals becomes too high, the government may revoke their patent protection, allowing competitors to produce their own copies.

New Poll Shows More Than 57% Americans Are Not Tipping Enough

According to a recent survey, a large number of Americans undertip their waiters.

$3 Per Gallon Gasoline in the US Could Happen, Due to Texas Snowmageddon

Due to the chilling nights that are currently happening in the central coast, the national prices for gasoline could be affected, as high as $3 per gallon.

[REPORT] Mike Pence 'Cheap' Restaurant Tip: How Much Should You Give Waiters?

Vice President Mike Pence is now on-fire on social media over an alleged restaurant $45 bill, with VP only giving out $5 tip for the waiter. How much should Americans give to waiters?

US oil output set to break records in 2018

The EIA has ramped up its US forecasts and predicts daily domestic oil output of 9.2 million barrels for this year and 9.7 million barrels in 2018.

Puerto Rico in troubled waters, stalls debt payments to provide essential services

Puerto Rico has run into deep economic crisis, with its fiscal agent, the Government Development Bank, running out of reserves to cover even essential services. The government is tilting towards holding on to its debt repayments to sustain the island as a going concern, but their plea to creditors and the Congress to bail them out of the crisis is met with resistance on both fronts.

GM going for ignition switch trial in January

General motors will go to trial on January 11 in the case of defective ignition switches after the company a US judge rejected automakers bid to bellwether case.

Apple May Face Tax Evasion Charges Again in the US After Italy

Apple Inc. is believed to tatter while confronting series of accusations for illegal tax dodging. Agreement for payment of unpaid tax liability in Italy establishes the event of tax dodging through amassing wealth in Ireland for its lower corporate tax rate. Now US tax authority’s claim for intended fund holding in a bid to evade tax may get huge momentum.

Orders from Obama Administration: The Colorado Marijuana Lawsuit Rejected by the Supreme Court

Obama administration supports Colorado and asks Supreme Court to reject the neighboring state pleas. The marijuana legalization is supported by the Obama administration in this case.

Major U.S. Banks Raise Prime Rates After Federal Reserve Hike

Major U.S. banks raised their prime rates, a benchmark for a wide range of consumer and commercial loans, for the first time since 2006 on Wednesday, following a rate hike from the Federal Reserve. While the Fed has no direct influence on the prime rate, it is typically closely correlated to changes in the target federal funds rate.

Talks about U.S. confiscated property in Cuba begins

Faced with sorting out nearly six decades of financial claims and counterclaims against one another that run into the hundreds of billions of dollars, diplomats from the United States and Cuba resorted on Tuesday over one of the most contentious issues remaining between the two countries. The two sides are sitting down for the first time to discuss the American properties Cuba confiscated decades ago.

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Latest Stories

American Dream Deferred: Wealth Gap Deepens Among Millennials

A recent study found that there is a fresh wave of class conflict and animosity due to the widest wealth difference of any generation between affluent millennials and the rest of their age group.

Could You Qualify for SNAP Benefits?

The United States Department of Agriculture (USDA) oversees the food stamp program, also known as supplemental nutritional assistance, which is a vital tool for helping low-income families and individuals buy nutritious food.

Forget Stocks, Crypto Now Directly Impacts Housing Prices

According to a new study, as cryptocurrencies grow in importance inside American investment portfolios, their impact is seen not just in virtual transactions but also in real estate and consumer purchasing.

Bond Yields Drop as Job Growth Slows

After the April jobs data revealed weaker-than-expected payroll growth and an unexpected tick higher in the unemployment rate, U.S. Treasury rates fell on Friday.

Will Apple Keep Buffett Smiling? Doubts Emerge Over Company's Dominance

Even as late as 2020, four years after his investment colossus began to build a sizable stake in the business that produces iPhones, Warren Buffett of Berkshire Hathaway was still using a flip phone.

Must Read

Is China's Central Bank Gold-Buying Spree a Precursor for War? Part II of II

The idea of a nation acquiring large gold reserves in preparation for military endeavors is not without historical precedent. Prior to World War I, European powers increased their gold reserves, and a century later, Russia's central bank doubled its gold holdings in the years before its invasion of Ukraine. This same strategic stockpiling of gold could be inferred from China and its pre-war positioning for a Taiwan incursion.

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