April 11, 2025
Cash App owner Block pays $40 million in settlement over ‘serious compliance deficiencies’
New York state’s top financial regulator struck a $40 million settlement Thursday with Block Inc., the parent of Cash App, the popular money transmission service, after having found the company had “serious compliance deficiencies” related to its anti-money laundering program and transaction monitoring processes. The deficiencies at Block, some involving cryptocurrencies, “created a high-risk environment vulnerable […]
April 11, 2025
Trump envoy meets Putin in Russia as Trump fumes over stalled Ukraine peace talks
White House envoy Steve Witkoff was in Russia on Friday to meet with Russian President Vladimir Putin after peace talks with Ukraine stalled out in recent weeks, ‘frustrating’ President Donald Trump. ‘This is another step in the negotiating process towards a ceasefire,’ White House press secretary Karoline Leavitt said of the meeting. ‘I think the […]
April 11, 2025
US stocks rebound as White House signals trade optimism with China
Wall Street closed sharply higher on Friday, capping a roller-coaster week, after the White House hinted it was open to reaching a trade agreement with China. A wave of renewed optimism sent the major indexes soaring, providing some relief after days of intense volatility. The S&P 500 jumped 1.8%, while the Dow Jones Industrial Average […]
April 11, 2025
Pennsylvania man charged with threatening Trump, ICE agents, other officials
A Pennsylvania man has been federally charged with making threats to assault and assassinate President Donald Trump, other U.S. officials and U.S. Immigration and Customs Enforcement (ICE) agents, according to the U.S. Department of Justice. Shawn Monper, 32, who was arrested on Wednesday, lives in Butler, Pennsylvania, where the president was shot during a campaign […]
April 11, 2025
Democrats go all in on unproven insider trading allegations as they target Trump’s tariffs
Congressional Democrats are raising increasingly pointed concerns about potential financial malfeasance by President Donald Trump and his allies surrounding his dramatic recent tariff moves, despite a lack of evidence of wrongdoing. Senate Minority Leader Chuck Schumer on Friday joined the growing number of Democrats formally calling for investigations zeroing in on the wild swings in […]
April 11, 2025
Biden’s team hid the truth about his health all along: WH press sec
The Biden administration engaged in a ‘cover-up’ by failing to disclose details about the health of former president Joe Biden, according to White House press secretary Karoline Leavitt. ‘I can tell you there was certainly a lack of transparency from the former president, from the entire former administration,’ Leavitt told reporters Friday. ‘And frankly, a […]
April 11, 2025
SCOOP: Biden-era grant program described as ‘gold bar’ scheme by Trump EPA administrator under scrutiny
Republicans in Congress are launching a probe into a Biden-era green energy grant program that sent billions in funding to climate groups tied to Democrats and former President Joe Biden’s allies. GOP leaders on the House Energy and Commerce Committee sent letters to the eight nonprofits awarded grants from the $20 billion Greenhouse Gas Reduction […]
April 11, 2025
Top gainers & losers today: Nifty, Sensex jump 2%, metals in the spotlight
Indian equity markets experienced a jubilant session on Friday, marked by a broad-based rally led by soaring metal stocks. The surge was fueled by the US’s decision to suspend additional tariffs on India until July 9, providing a welcome boost to investor sentiment and lifting market confidence. The Sensex traded 1569.01 points or 2.12 per […]
April 11, 2025
Renault stock price: insulated from trade war, but risky pattern forms
Renault stock price has pulled back in the past few weeks as concerns about Donald Trump’s trade war have escalated. It retreated to a low of €42 on Friday, down by 22% from its highest point this year. Still, it has held much better than other European rivals like Porsche, BMW, and Volkswagen. Why Renault […]
April 11, 2025
Asia markets on Friday: Hang Seng, Nifty end in green, Nikkei dips sharply
Asian stocks ended lower on Friday, paring gains from the previous session sparked by US President Donald Trump’s 90-day tariff pause. While mainland Chinese and Hong Kong shares rose on expectations of policy support, most other regional markets declined, weighed down by renewed concerns over trade tensions and a stronger yen. China, Hong Kong stocks […]
April 11, 2025
BP shares decline following weak Q1 gas trading forecast and rising debt
BP’s shares fell in early trading Thursday after the energy group announced it expects weak first-quarter gas marketing and trading earnings and a rise in net debt. The release provides an initial look into BP’s quarterly results amidst increased scrutiny of its debt and expenditures, following activist investor Elliott Management’s recent acquisition of a stake […]
April 11, 2025
JD.com, Freshippo step up to support struggling Chinese exporters tap domestic market amid US-China tariff war
Chinese e-commerce companies are stepping up to help the country’s exporters tap the domestic market as the US-China trade war intensifies with both countries levying dizzyingly high tariffs against each other’s imports. China’s e-commerce heavyweight JD.com announced on Friday it will set up a 200 billion yuan ($27.35 billion) fund to help domestic exporters pivot […]