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 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 […]
Micron Technology (MU) slipped notably after market close on March 18, even though the memory chips specialist posted a blowout quarter featuring a nearly 200% year-on-year increase in revenue to $23.86 billion. And while this weakness is being attributed primarily to the firm’s warning that capex will step up “meaningfully” this year, part of it […]
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 […]
Speaker Mike Johnson is staring down his right flank as he seeks to fulfill President Donald Trump’s demand to extend warrantless government surveillance powers long detested by the conservative hard-liners. Johnson wants to put an 18-month extension of the spy law known as Section 702 on the House floor next week, seeking to advance it […]
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 […]
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 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 […]
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, […]
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 […]