Appearing defiant in London, Nirav Modi testified in a civil trial, denying owing Bank of India over $10.7 million. He claimed banks, CBI, and ED destroyed his 20-year business, asserting no fraud against Punjab National Bank. Modi alleged PNB colluded with CBI, leading to an FIR without his input, and ED’s actions halted his operations. […]
The average weekly mortgage rate for conforming 30-year fixed mortgages rose to 6.43%, the highest since October 2025, according to the Mortgage Bankers Association today. This weekly measure of mortgage rates is once again solidly in the middle of the 6% to 7% range that has prevailed since mid-2022, and that before 2008 was considered
On one side, there are the tech layoff announcements, often to clean up what tech CEOs widely called “over-hiring” to describe what they’d done in 2020-2022, when their payrolls exploded; Block CEO Jack Dorsey was thelatest on X, “yes we over-hired during covid…,” after Block announced that it would lay off nearly half its staff,
“ON A LONG ENOUGH TIMELINE, THE SURVIVAL RATE FOR EVERYONE DROPS TO ZERO” Hey Ron, didn’t realize your new position as a contributing editor onCNBCcame with the contributing title of “Portfolio Manager.” Didn’t Stevie put a one yearkibboshon that? But I digress… And in all honesty I am surprised that you seem to have the
Such has been the intensity of events in the Persian Gulf, and the relentlessness of the media coverage, that the Iran war can feel older than it is. In fact, some of the oil tankers that left the Middle East before the closure of theStrait of Hormuzhave yet to reach their destinations in Europe. The
Get audio access with any FP subscription. Subscribe Now ALREADY AN FP SUBSCRIBER?LOGIN For the last few weeks, U.S. policy in Iran has been following a pattern reminiscent of the war it fought 15 years ago in Libya. That was the last time that the United States conducted an air war to change a regime
Get audio access with any FP subscription. Subscribe Now ALREADY AN FP SUBSCRIBER?LOGIN One month into his war on Iran, U.S. President Donald Trump is now scrambling to secure something that was not previously insecure—the Strait of Hormuz—turning it into the central thrust of the war’s uncertain endgame. Iran, or more specifically its Islamic Revolutionary
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