PBS

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Global Markets & Equities 15 Oct 2026, 08:08 PM IST

U.S. Fines Bank of America $1.2 Billion Over Anti-Money Laundering and Sanctions Failures

U.S. regulators have imposed a $1.2 billion penalty on Bank of America, accusing the lender of violating anti-money laundering and sanctions rules in a major enforcement action that underscores the continuing pressure on large banks to strengthen compliance. The fine lands as the bank also reported a sharp drop in third-quarter profit, adding to investor scrutiny over trading, dealmaking and operating discipline.

By RDU Global Wire5 min read

Global Markets & Equities08 Oct 2026, 04:17 AM IST

Trump Says Eligible U.S. Children Will Be Automatically Enrolled in ‘Trump Accounts’

President Donald Trump said eligible American children will be automatically enrolled in newly branded “Trump Accounts,” a move that could broaden participation in the administration’s child-focused savings initiative and deepen its political and market implications. The announcement, made amid renewed White House emphasis on easing family financial pressure, raises fresh questions about how the accounts will be funded, invested and administered at scale.

6 min readRead →

Clean Energy & Climate Transition07 Oct 2026, 11:01 PM IST

James Webb Telescope Spots the Aftermath of Planetary Catastrophe

NASA’s James Webb Space Telescope has identified debris disks around distant stars that bear the chemical fingerprints of violent planet-on-planet collisions, offering a rare look at the late-stage chaos of planetary formation. The findings help astronomers reconstruct how rocky worlds grow, break apart, and potentially reshape the prospects for habitable planets in young systems.

6 min readRead →

Global Markets & Equities04 Oct 2026, 08:12 PM IST

Hiring Slowdown Signals a Cooling U.S. Economy as Fed Rate-Cut Bets Strengthen

A softer-than-expected U.S. hiring picture is reinforcing the view that the labor market is losing momentum after a long period of resilience. The data are not pointing to a recession, but they do suggest the economy is cooling enough to keep the Federal Reserve on hold and potentially move markets toward earlier rate cuts.

5 min readRead →

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Co-Occurring Entities

Entities frequently referenced alongside PBS:

Washington, D.C.(4)The White House(2)Donald Trump(2)United Launch Alliance(1)State Street(1)SpaceX leadership(1)