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Wall street firms to pay $470 million to settle with US regulators over texting

by AIP Online Bureau | Aug 15, 2024 | Eco/Invest/Demography, International News, Regulation, Risk Management, Technology

The penalties mark the latest wave of a sweeping multi-year enforcement initiative targeting Wall Street’s use of so-called “off channel” work communications such as text and WhatsApp messages in breach of rules which require firms to retain certain work-related...

US FDA seeks fresh curbs on sodium levels in packaged, processed foods

by AIP Online Bureau | Aug 15, 2024 | Health, International News

“Reducing sodium in the food supply has the potential to be one of the most important public health initiatives in a generation,” FDA Deputy Commissioner for Human Foods Jim Jones said in a statement Fast-food chains, including McDonald’s , Burger...
Global selloff: Sensex and Nifty nosedive, Investors’ wealth eroded by Rs 17.11 lakh crore

Global selloff: Sensex and Nifty nosedive, Investors’ wealth eroded by Rs 17.11 lakh crore

by AIP Online Bureau | Aug 5, 2024 | Eco/Invest/Demography, Indian News, Risk Management, Wealth Management/ Philanthropy

Global markets were in the deep red on Monday as the US economic slowdown weighed heavily on the financial markets Mumbai: Equity market benchmark indices Sensex and Nifty crashed over 3 per cent each on Monday in line with extremely weak trends in global markets amid...
TikTok’s practices endangered children’s safety, US alleges in lawsuit

TikTok’s practices endangered children’s safety, US alleges in lawsuit

by AIP Online Bureau | Aug 3, 2024 | Eco/Invest/Demography, Intermediaries, Risk Management, Technology

“TikTok knowingly and repeatedly violated kids’ privacy, threatening the safety of millions of children across the country,” said Lina Khan, the head of the Federal Trade Commission, which joined the Justice Department in suing the short video...
Fed leaves rates unchanged, nods to possible September cut

Fed leaves rates unchanged, nods to possible September cut

by AIP Online Bureau | Jul 31, 2024 | Eco/Invest/Demography, International News, Policy, Regulation, Risk Management, Wealth Management/ Philanthropy

Fed Chair Jerome Powell While Fed officials are wary of any actions that could mar their data-not-politics approach to setting monetary policy, the steady drop in inflation in recent months prompted a broad consensus that the inflation battle was near an end...
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