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Big banks, business groups sue Fed over ‘opaque’ annual stress tests

Big banks, business groups sue Fed over ‘opaque’ annual stress tests

The lawsuit filed in US District Court in Columbus, Ohio, claims the Fed’s practice of determining how big banks perform against hypothetical economic turmoil, and assigning capital requirements accordingly, do not follow proper administrative procedure.


Narayana Murthy bats for tech, cautions against ‘unsupervised learning’

Narayana Murthy bats for tech, cautions against ‘unsupervised learning’

“It was very easy to be a Leftist and socialist in those days because Jawaharlal Nehru was our Prime Minister and he had embraced Harold Laskian socialism.”


Insurers urge IRDAI crackdown against OEM-linked motor insurance brokers

Insurers urge IRDAI crackdown against OEM-linked motor insurance brokers

The General Insurance Council has suggested a range of reforms, including system integration for real-time pricing and policies that ensure customers see all quotes.


Shooting of UnitedHealthcare CEO Brian Thompson is ‘wake-up call’ for US corporate security: report

Shooting of UnitedHealthcare CEO Brian Thompson is ‘wake-up call’ for US corporate security: report

The killing is a wakeup call for corporate security teams, who say they have noticed an uptick in violent threats against business leaders, especially on social media, according to The Wall Street Journal.


Lilly’s tirzepatide challenges semaglutide in obesity drug market

This head-to-head comparison pits Lilly’s Zepbound (tirzepatide) against Novo Nordisk’s Wegovy (semaglutide) at a time when the obesity drug market is experiencing explosive growth.


Bitcoin tops $100,000 for first time on optimism over Trump crypto plans

Bitcoin tops $100,000 for first time on optimism over Trump crypto plans

“We were trading basically sideways for about seven months, then immediately after November 5, US investors resumed buying hand-over-fist,” said Joe McCann, CEO and founder of Asymmetric, a Miami digital assets hedge fund.


Elon Musk’s $56B Tesla pay package rejected again by Delaware judge

Elon Musk’s $56B Tesla pay package rejected again by Delaware judge

The ruling by the judge, Chancellor Kathaleen McCormick of the Court of Chancery, follows her January decision that called the pay package excessive and rescinded it, surprising investors, and cast uncertainty over Musk’s future at the world’s most valuable carmaker.


MG Select set to unveil the world’s fastest roadster, MG Cyberster, in 2025

MG Select set to unveil the world’s fastest roadster, MG Cyberster, in 2025

Speaking on the launch, Gaurav Gupta, chief growth officer of JSW MG Motor India, emphasised the car’s ability to merge the timeless appeal of classic roadsters with the latest in automotive technology.


Telcos call for prompt notification of guidelines to curb spam calls

Telcos call for prompt notification of guidelines to curb spam calls

The draft guidelines had called for mapping responsibility directly to the source of Unsolicited Business Communication (UBC), that is, “users acting in their individual capacities or as agents of entities such as banks, real-estate companies”.


Shares of drone maker Unusual Machines surge more than 100% after Donald Trump Jr. joins advisory board

Shares of drone maker Unusual Machines surge more than 100% after Donald Trump Jr. joins advisory board

“I love what Unusual Machines is doing to bring drone manufacturing jobs back to the USA and am excited to take on a bigger role in the movement.”


Billionaire Larry Fink could have Trump’s ear no matter who gets Treasury job

Billionaire Larry Fink could have Trump’s ear no matter who gets Treasury job

Fink is often associated with the Democratic Party given his support for progressive Environmental Social Governance investing, but he’s close to Trump; he had managed The Donald’s vast fortune in the past and the two still talk.


SEC Chair Gary Gensler — who clashed with Wall Street and crypto industry — to step down

SEC Chair Gary Gensler — who clashed with Wall Street and crypto industry — to step down

On the enforcement front, Gensler’s SEC broke new ground with a multi-year effort focused on Wall Street’s use of text, WhatsApp and other unauthorized channels to discuss business, levying more than $2 billion in fines against dozens of firms, including JP Morgan and Goldman Sachs.