Usa Financial News

By Marianna Parraga

Biden administration is considering blacklisting a number of Chinese semiconductor firms linked to Huawei Technologies Co. after the telecom giant notched a significant technological breakthrough last year, people familiar with the matter said. Such a move would mark another escalation in a US campaign to ringfence and curtail Beijing’s AI and semiconductor ambitions. It would ratchet up the pressure on a Chinese national champion that’s made advances despite existing sanctions, including producing a smartphone processor last year that many in Washington thought beyond its capabilities.

investigation into US claims of an attempted murder of a Sikh leader in New York found that rogue operatives not authorized by the government had been involved in the plot, according to senior officials familiar with the matter. At least one person directly involved in the alleged attempted assassination is no longer working for India’s main spy agency, the Research and Analysis Wing, the officials said, asking not to be identified because the details of the investigation haven’t been made public. The individual is still employed by the government and India hasn’t started any criminal action against him, the people said.

(Reuters) — Orchard Therapeutics (NASDAQ:ORTX), a unit of Japan's Kyowa Kirin, priced its newly approved gene therapy for a rare, life-threatening genetic disease on Wednesday at $4.25 million, making it the most expensive drug in the United States.

Stock Market News: The domestic benchmark equity indices, the Sensex and the Nifty 50, closed Wednesday's choppy session on flat note. However, the underlying market patterns were not very discouraging. Maruti Suzuki, Nestle India, Power Grid, and SBI were among the stocks that were on spotlight today.

The Biden administration, in a push to enhance semiconductor production in the United States, has provisionally agreed to grant Intel (NASDAQ:INTC) up to $8.5 billion in funding through the CHIPS Act.

The rupee closed at 83.1575 against the U.S. dollar, weaker by 0.15%, compared with its previous close at 83.0350. The rupee touched an intraday low of 83.17, its weakest level since January 18.

Over the first quarter of 2024, WTI crude oil is expected to rise by at least 15%. This uptick marks the end of a downward trend observed in the third and fourth quarters of 2023, which was part of a broader trend that began in mid-2022.

JetBlue Airways is cutting back

The media companies Gannett and McClatchy, which together control more than 200 news outlets including USA Today and the Miami Herald, say they will stop using stories, video and images from The Associated Press later this month

Wall Street notched another record high as traders wait to hear what the Federal Reserve will do with interest rates

A Dubai sovereign wealth fund that’s the single-largest shareholder in the Nasdaq stock index plans to sell a third of its shares in the exchange

The Biden administration has reached an agreement to provide Intel with up to $8.5 billion in direct funding and $11 billion in loans for computer chip plants in Arizona, Ohio, New Mexico and Oregon

The Biden administration this week is expected to announce new automobile emissions standards that relax proposed tailpipe limits for three years but eventually reach the same strict standards set out by the Environmental Protection Agency

Asian shares have closed mostly higher while European markets opened lower as investors awaited the latest signals from the Federal Reserve on the timing of cuts to interest rates

MOSCOW (Reuters) — Russia said on Wednesday that it knew about U.S. intelligence efforts to use commercial satellite operators such as SpaceX and cautioned that such moves made their satellites legitimate targets.

By Timothy Gardner

By Stephen Nellis

The 30-share BSE benchmark Sensex rose 90 points or 0.12% to settle at 72,102 and the broader NSE Nifty gained 22 points or 0.10% to end at 21,839, led by energy stocks.

NRI voters to cast their votes in the coming Lok Sabha polls that will be held in seven phases starting from April 19. The results will be announced on June 4. Calling all NRI voters to cast their vote this Lok Sabha Elections, said Press Information Bureau in a post on X. ALSO READ: Homecoming: Why NRIs are choosing India as their retirement destination

There may be no US Fed rate cut in 2024 as inflation remains sticky, says Madhavi Arora of Emkay "While the US Fed is likely to maintain its stance and keep the rate unchanged, its commentary will hold importance as it would provide insights into the Central bank’s future rate action," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services. Also Read: US Federal Reserve meeting day 2: What does a rate decision mean for Indian stock market? Sensex and Nifty 50 opened with mild gains but traded volatile during the session. Eventually, Sensex closed at 72,101.69, up 90 points, or 0.12 per cent while the Nifty 50 settled with a gain of 22 points, or 0.10 per cent, at 21,839.10.