HDFC Bank hits 52-week low: did Chairman’s exit signal trouble?

HDFC Bank’s boardroom shock has turned an already weak stock into one of the market’s biggest stress points. Shares of India’s largest private lender plunged over 8% on Thursday after part-time Chairman Atanu Chakraborty resigned with immediate effect. The market reaction was swift because the resignation did not come with a clear explanation. In his […]

Asian markets tumble as Middle East strikes spark oil shock

Asian markets tumbled at the open on Thursday following the escalation of geopolitical tensions in the Middle East. Brent crude pushed above $110 a barrel after strikes on critical energy infrastructure deepened fears of a broader supply squeeze. The development came as Tehran hit a major energy facility in Qatar in a direct response to […]

Democrats say Bondi won’t commit to testifying in House Epstein investigation

House Democrats say Attorney General Pam Bondi is attempting to evade a congressional subpoena to testify about the Justice Department’s handling of the Jeffery Epstein case. Democrats on the House Oversight and Government Reform Committee Wednesday evening walked out of a closed door briefing with Bondi and her deputy, Todd Blanche, saying the nation’s lead […]

House rejects effort to force a balanced budget in the US

Lawmakers rejected legislation Wednesday to compel the United States to maintain a balanced budget, a perennial pursuit of fiscal conservatives that stood little chance of becoming the law of the land. The House voted 211-207 against the resolution that would have launched an effort to amend the U.S. Constitution to bar the federal government from […]

House Ethics will forge ahead with Cherfilus-McCormick trial

The House Ethics Committee will go forward with its plans to hold a rare public trial next week for Rep. Sheila Cherfilus-McCormick. The beleaguered Florida Democrat faces allegations that she stole millions in FEMA funding and is also in the midst of a federal criminal case on the charges. She had previously asked to pause […]

Micron stock falls despite AI demand driving blowout earnings, outlook

Micron Technology delivered a blockbuster set of second-quarter results on Wednesday, underscoring the strength of demand for memory chips driven by artificial intelligence and data center expansion. The company reported adjusted earnings per share of $12.20, far exceeding Wall Street expectations of about $9.19. Revenue surged to roughly $23.9 billion, well above consensus estimates near […]

Dow falls 700 pts as Fed holds rates, hot PPI fuels inflation fears

Wall Street ended sharply lower on Wednesday as investors reacted to the Federal Reserve’s decision to hold interest rates steady, rising inflation pressures, and escalating geopolitical risks linked to the Middle East conflict. Major US indexes extended losses following the Fed’s announcement and fresh economic data. The Dow Jones Industrial Average fell about 768 points, […]

Kiley switches parties, loses committees

Rep. Kevin Kiley, the former Republican who recently registered as an Independent, said in an interview Wednesday he plans to caucus with the House GOP and will seek to regain his committee assignments. The California lawmaker was formally removed from his panels Wednesday after giving official notice he was switching parties to serve as an […]