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The lawsuit has to do with the Trump administration's argument that the CFPB can only be funded by the Federal Reserve's profits. The Federal Reserve has been running a loss since 2022, a side effect of the Fed raising interest rates sharply to combat inflation, because it holds bonds that pay low interest from the pandemic but it needs to pay out higher amounts of interest to the banks that hold their deposits with the bank.
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News and Media
Mercedes-Benz was accused of violating state environmental laws and statutes against unfair or deceptive trade practices. Every state attorney general in the country took part in the settlement except for those of Arizona and California, which had previously reached their own settlements with the company.
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News and Media
Asian stocks advanced for a second day, mirroring Wall Street's bullish momentum and signaling a year-end rally. The MSCI Asia Pacific index rose, with Japan's Topix also climbing. This positive sentiment, driven by technical factors and stimulus optimism, is setting the stage for a strong finish to the year and a solid start to the next.
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News and Media
Public sector undertakings (PSUs) have demonstrated significant financial improvement, with their share of net profit in the ET 500 rankings expanding sharply to 30.7% in FY25 from 17.9% in FY19. PSUs also outpaced non-PSUs in sales and profit growth, showcasing a robust financial turnaround.
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News and Media
Shriram Finance shares surged to an all-time high after Japan's MUFG Bank announced its acquisition of a 20% stake. Analysts have raised price targets, citing the deal's positive impact on the NBFC's growth outlook and debt repayment confidence. The investment is expected to accelerate diversification plans and bring valuable expertise.
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News and Media
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