Manali Pradhan | The Motley Fool Vance calls crypto ‘hedge’ against inflation, bad policies Vice President JD Vance said Bitcoin’s independence offers access to those denied banking over political beliefs, including support for gun rights. Investors have gotten good news lately. The U.S. stock market reacted positively to a stable unemployment rate of 4.1 % in
PETALING JAYA: Kenanga Research believes the banking sector is fundamentally at a bargain level, as the share prices of the banking stocks are reflecting return on equities commensurating with a loan growth for the system of 3.4% – which was essentially levels seen during Covid-19. “This, thus, gives us confidence that the banks are undervalued.
It began last year, when Milanese banking giant UniCredit angered Prime Minister Giorgia Meloni’s government by attempting to take over crosstown rival BPM, which Meloni had hoped to merge with the partially bailed-out Tuscan lender Monte dei Paschi di Siena. In response, Rome deployed screening tools known as the ‘golden power’ — whose purpose is
Mumbai: Bank credit growth to non-banking financial companies (NBFCs) continues to lose steam, even after the Reserve Bank of India (RBI) rolled back tighter risk-weight norms earlier this year to support the sector. Experts said NBFCs are increasingly turning to bond markets for cheaper and quicker funding, while stress in microfinance and unsecured business loans
David Jagielski | The Motley Fool S&P 500, Nasdaq hit record closing highs amid trade deal hopes All three major U.S. stock indexes posted weekly gains, and the tech-heavy Nasdaq confirmed it entered a bull market since its post-“Liberation Day” trough on April 8. Lisa Bernhard has more. Putting money into real estate and stocks
Dominic Basulto | The Motley Fool Brazen ‘wrench attacks’ are on the rise For crypto traders, online encryption doesn’t matter when someone takes you hostage to coerce you into revealing your password. On June 17, the U.S. Senate officially passed the Guiding and Establishing National Innovation for U.S. Stablecoins (Genius) Act, which will create a
Saeed Azhar and Suzanne McGee | Reuters President Donald Trump on Saturday said that a “very successful attack” on three nuclear sites in Iran had been carried out. In a posting on Truth Social, Trump added, “All planes are safely on their way home” and he ended his posting saying, “Now is the time for
Suzanne McGee, Saqib Iqbal Ahmed and Lewis Krauskopf | Reuters U.S. enters Israeli-Iran conflict, attacks three nuclear sites in Iran President Donald Trump said Saturday that the U.S. military struck three sites in Iran, directly joining Israel’s effort to decapitate the country’s nuclear program in a risky gambit to weaken a longtime foe amid Tehran’s
Benzinga | Detroit Free Press Trump slams Fed chair as interest rates hold steady amid tariff fears President Donald Trump criticized Federal Reserve Chair Jerome Powell after the Fed held rates steady, citing risks from Trump’s expanding tariffs. The president labeled Fed chair Jerome Powell ‘too late’ and ‘an American disgrace,’ arguing that the Fed’s
In the pre-2008 lending boom, American banks sold their dodgiest “subprime” loans to investors around the world. When the U.S. housing bubble burst and borrowers defaulted en masse, a global financial crisis ensued. Brussels now wants to loosen the rules governing the practice, meaning banks would need to put aside less capital against the loans