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Business News

Location American Business News for 3 August 2026
CLARITY Act Faces New Senate Threat Over Trump Crypto Gains A new Senate Banking Committee minority staff analysis renews Democratic objections that the CLARITY Act preserves pathways for President Donald Trump to profit from crypto ventures after financial disclosures showed abo...
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The US-Japan yen intervention has traders glued to one trade Tokyo confirmed the operation and warned that the US and Japan could intervene together again if needed.
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Switzerlands Crypto Use Is Double Germanys, Study Finds Switzerland has spent years building the conditions for broader cryptocurrency adoption, and the latest data suggest those efforts are paying off. A Bearingpoint study found that 23% of Swiss adults use cryptocurrency at...
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An AstraZeneca, Bristol Myers Squibb merger could create a cancer-drug giant, but analysts call it odd AstraZeneca shares were slumping while Bristol-Myers Squibbs stock was jumping on Monday on reported deal talks. But the big question is why these two pharmaceutical giants would want to come together in the first place....
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Should wealthier Americans forgo their Social Security benefits as a charitable gesture? A reader writes: I will likely be in a position to decline my benefits.
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The gap between big tech and the rest of the market just vanished. Heres what it means for investors. Goldman Sachs says hot technology stocks have taken a beating - and investors should take a fresh look.
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Boeing stock slips after CEO reveals Air Force One disappointment Boeing posted a wider quarterly loss despite commercial deliveries hitting their highest level since 2018.
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Global oil prices fall below $83 a barrel to hover at 3-week low after Trump calls off planned attack and says Iran talks to resume Monday Oil prices declined sharply on Monday as hopes rose among investors of a potential de-escalation in the war between the U.S. and Iran.
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JPMorgan says Warsh failure to buttress Fed credibility may force a rate hike before year-end JPMorgans U.S. economics team says last weeks post-decision press conference by Fed Chair Kevin Warsh was the most troubling since the practice began in 2012 as the U.S. banking giant moved forward their call for a rate ...
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Flexi-cap funds stay 61% invested in large caps, multi-cap funds remain balanced: Report Despite flexibility in their mandate, flexi-cap funds remain more biased towards large-cap stocks, with 61% allocation. On the other hand, multi-cap funds maintain a more balanced exposure across large, mid, and small-ca...
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Annapurna Bhandar August instalment: Here's why you have not received ₹3,000 yet & what to do to fix it Although payments for Annapurna Bhandar are generally credited in a phased manner during the first week of the month, many bank accounts have yet to receive the funds
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Salary hike: Delhi Disaster Management Authority personnel get 100% increase - How much will employees be paid now? Delhi has approved 100% salary hike for DDMA personnel, including project officers, district project officers, and project coordinators. The first such in 16 years, since the positions were created in 2009. 
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Govt invites applications for DCGI as expanded eligibility triggers opposition The government revised the recruitment rules for the position of Drugs Controller (India) in an April 2026 notification, widening eligibility to include non-pharmacy engineering disciplines like mechanical, electrical an...
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Congress May Actually Try to Put a (Temporary) Limit on Trumps Latest Power Grab With the prospect of another government shutdown looming, the Senate Appropriations Committee released the text of a continuing resolution (CR)
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Bank failed to return property papers after home loan closure: How a Delhi couple got ₹15.5 lakh compensation A Delhi couple won ₹15.5 lakh in compensation after Axis Bank lost their original property papers and failed to return them after the closure of their ₹1.41 crore home loan. The Delhi State Consumer Disputes Redressa...
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Mint Explainer| Why the Supreme Court's IBC ruling is a win for homebuyers The Supreme Court said proceedings against promoters and directors of a real estate company can continue if they arise from their own independent legal liability, even though proceedings against the company must remain s...
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Fincen fines UBS $125M for money-laundering recidivism

American Banker - 3 Aug 2026 16:01
Fincen fines UBS $125M for money-laundering recidivism The Treasury's financial crime prevention arm said the Swiss firm's U.S. brokerage wing largely ignored a 2018 consent order to clean up its anti-money laundering processes, leading to the historic settlement ann...
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My ex-husbands sister died - so why is Fidelity asking me for her death certificate? Part of me jokes that paying for a death certificate would be like buying a lottery ticket.
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Fresh attacks on alternative shipping routes have left tankers facing an increasingly complex situation, analysts say.
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This clever road sign in Austin will compliment you only if youre a good driver The carrot-instead-of-stick approach for an an insurance company activation brought a smile to motorists faces. Research has found that at least one kind of negative messaging on roadway signage can actually increase cra...
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CFPB gets another acting director as OMB's Vought exits

American Banker - 3 Aug 2026 15:54
CFPB gets another acting director as OMB's Vought exits Mark Paoletta, the Consumer Financial Protection Bureau's chief legal officer, has taken over as the agency's acting director. Russell Vought's term ended Aug. 1.
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Faux Deal Ends Faux Fight Over Blanche Nomination Wet Noodle Award: Cornyn and Tillis Trump is Lucy. GOP senators are the football. D.C. political reporters are Charlie Brown.
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