Usa Financial News

BENGALURU : Audio entertainment platform Pocket FM has raised $103 million in its Series D funding—its largest yet—providing more evidence of the funding freeze easing up for startups demonstrating a clear path to growth. The company’s valuation has nearly doubled in the latest fundraise, to about $750 million from $390 million when it previously raised $65 million in its Series C round in March 2022.

Bitcoin experienced a significant price collapse amid continued outflows from Grayscale’s converted GBTC spot Bitcoin ETF. 

Lawyers representing former FTX CEO  Sam Bankman-Fried, aka SBF, have criticized the government’s proposal for a maximum sentence of 50 years in prison, saying it is “not justice.”

US-based crypto companies tend to offer higher salaries across various positions and experience levels compared to their international counterparts, a survey published Tuesday showed.

White House unveiled almost $20 billion in new grants and loans Wednesday to support Intel's US chip-making facilities, marking the Biden administration's largest funding announcement yet as it tackles China's dominance of the crucial technology. President Joe Biden's decision to make the announcement during a trip to Arizona underscores his strategy of highlighting legislative achievements in key battleground states ahead of November's presidential rematch against Donald Trump.

Virat Kohli and Rishabh Pant will be under scrutiny on their return to action as the Indian Premier League begins on Friday, with the T20 World Cup hot on its heels. The 17th edition of the world's richest cricket league is expected to end close to the June 1 start of the World Cup in the West Indies and United States. Organisers have released only the first two weeks of the IPL schedule so far because it clashes with India's six-week-long general election.

Sri Lanka has said it will allow foreign offshore research ships for replenishments at its ports despite a one-year ban on such vessels, a senior official has said after China protested to Colombo for allowing a German survey ship but turning down Beijing's similar request. This is the first time Sri Lanka has officially admitted that foreign research vessels will be allowed for replenishments since President Ranil Wickremesinghe's government imposed a one-year ban on offshore research vessels in December last year after strong security concerns raised by India and the US following the visit of two Chinese high-tech research vessels in 14 months. «The ban on foreign ships is for research purposes, not on replenishment,» the Economy Next portal quoted Niluka Kadurugamuwa, Sri Lanka's Foreign Ministry Spokesman, as saying. «There was a German research vessel recently for replenishment and Sri Lanka allowed it,» he said.

Also Read: Inflation to ease, FY24 GDP growth seen at 6.6%: Kotak Bank chief economist Upasna Bhardwaj “The recent performance in assembly elections suggests that: a) the ‘Modi factor’; b) the perception of the work done; and c) implementation of welfare programmes worked in favor of BJP. The government has refrained from turning populist and remains on the fiscal consolidation path in the run-up to the 2024 election," the UBS report said.

S Jaishankar on March 20 called former Prime Minister Jawaharlal Nehru's foreign policy stance towards China a "bubble". Speaking at the News18 'Rising Bharat Summit 2024', Jaishankar was critical of early India's foreign policy direction under then Prime Minister Jawaharlal Nehru. "This is a bubble we have created.

Russia’s seizure of billions of dollars worth of foreign-owned planes has set off the biggest-ever brawl in the normally staid business of aircraft insurance. Some of the world’s biggest insurers are fighting back against claims by the aircraft’s owners. The insurers say the owners should have done more to grab planes before they were seized.

Motilal Oswal Financial Services. According to market experts, the Indian markets have already priced in the anticipated status quo, with attention now turning towards the Federal Reserve's commentary for insights into the upcoming market trajectory.

Also Read: Insider alert: Top 5 companies in which promoters are increasing their stake In contrast, India's agrochemicals market is expected to witness a higher CAGR of 6.0–6.5% by 2027–28, touching US$ 9.8 billion. According to the brokerage, the country's emergence as the second-largest exporter of agrochemicals globally is notable, driven by a surge in exports to key markets such as the USA and Brazil. It highlights that the regulatory reforms, technological advancements, and sustainability initiatives will be poised to further propel growth in the Indian agrochemicals landscape.

El Salvador nicknamed "Bitcoin Beach," shopkeeper Maria Aguirre watched with delight as the cryptocurrency — and her investment in it — recently soared to new all-time highs. The digital currency that she acquired four years ago for $2,200 is now worth around $19,000, she said.

Nifty extended its losses on Wednesday falling by over 100 points and hitting the 2024 low of 21,710.20 amid selling pressure in banks, particularly index heavyweight HDFC Bank. The uncertainty over the fate of small and midcap stocks has triggered the slide and in this week, Nifty has conceded 313 points or 1.4% so far. The headline index had ended 2023 at 21,731.40 on December 29.

Yes Bank has received cash consideration of ₹203.40 crore in relation to the same, it said. On January 20, Yes Bank had invited Expression of Interest (EOI) for sale of identified stressed loan exposures through auction under Swiss Challenge Method. This was being undertaken by the bank in accordance with the provisions of Reserve Bank of India’s Master Direction on Transfer of Loan Exposures, 2021.

US elections 2024: Joe Biden and Donald Trump secure primary wins in Illinois Last month, Trump acknowledged that at least five high-profile Republicans and one former Democrat are on the shortlist for potential running mates in the general election. According to the New York Post, the names included, Tulsi Gabbard, Florida Gov. Ron DeSantis, Tim Scotte, Byron Donalds, and South Dakota Governor Kristi Noem.

The top Argentinian financial regulator says it plans to “supervise” the Latin American nation’s crypto service providers.

Popular American rapper and member of the acclaimed hip-hop group Wu-Tang Clan, Dennis David, also known as Ghostface Killah, revealed plans on March 18 to release a collection of exclusive music as Bitcoin Ordinals.

Binance reportedly urged prime brokers like FalconX and Hidden Road to enhance their KYC processes to prevent U.S. investors from accessing its platform, according to a March 19 report by Bloomberg  citing insider sources.

Hong Kong has passed a new national security law that could redefine the liberties of its citizens, and its role on the world stage

An obscure investment product used to finance risky real estate projects is facing unprecedented stress as borrowers struggle to repay loans tied to commercial property ventures.