Business Leaders Condemn Political Violence Following Trump Rally Incident

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Business Leaders Condemn Political Violence Following Trump Rally Incident Donald Trump is reported to be “safe” after sustaining an injury during a shooting at a rally in Pennsylvania. Business leaders expressed their support and condemned political violence following an assassination attempt on Donald Trump during a campaign rally near Butler, Pennsylvania. A member of the … Read more

RBI Concerned About Bank Accounts Used for Fraudulent Activities

RBI Concerned About Bank Accounts Used for Fraudulent Activities

The Reserve Bank of India (RBI) has expressed concern over a large number of bank accounts being utilized for fraudulent activities and loan evergreening. RBI Deputy Governor Swaminathan emphasized the need for banks to uphold the integrity of financial reporting and prevent misinterpretation of regulations. Swaminathan highlighted the regulator’s efforts to encourage non-banking financial companies … Read more

Fed Chair Jerome Powell has cautioned that maintaining high interest rates for an extended period could potentially harm economic growth.

Jerome-Powell-chairman-of-the-US-Federal-Reserve-during-a-Senate-Banking-Housing-and-Urban-Affairs-Committee-hearing-in-Washington-DC-US-on-Tuesday-July-9-2024

Federal Reserve Chair Jerome Powell expressed concern on Tuesday that keeping interest rates too high for an extended period could harm economic growth. Powell emphasized the need to reduce policy restraint in order to prevent weakening economic activity and employment. Despite recent cooling in the economy, Powell noted that the labor market and economy remain … Read more