Usa Financial News

Fidelity has updated its Spot Ethereum exchange traded fund (ETF) application to the U.S. Securities and Exchange Commission (SEC) on March 18 to include staking.

The Crypto Council for Innovation (CCI) has filed an amicus brief on March 18 in support of Coinbase challenging the Securities and Exchange Commission (SEC) denial of its rulemaking petition.

By Chris Prentice

By Amanda Cooper

Taranjit Singh Sandhu—one of the most experienced Indian diplomats on US affairs—on Tuesday, March 19, joined the Bharatiya Janata Party (BJP) in the national capital city, Delhi. The former ambassador joined the saffron party at its headquarters in New Delhi's Deen Dayal Upadhyay Marg in the presence of party general secretaries Vinod Tawde and Tarun Chugh. The Saffron party may field Sandhu against Kuldeep Singh Dhaliwal of the Aam Aadmi Party AAP from the Amritsar constituency in Punjab in the upcoming Lok Sabha elections 2024, newswire PTI reported.

₹373.9 lakh crore from ₹378.8 lakh crore in the previous session, resulting in investors collectively losing about ₹5 lakh crore in a single session. Equity benchmarks the Nifty 50 and the Sensex experienced significant losses on Tuesday due to widespread selling as investors remained cautious following the Bank of Japan's decision to raise rates for the first time in 17 years, ending eight years of negative interest rates, as expected by the market.

Also Read: US Fed meet begins today: 3 key things that may influence Fed's policy decision However, all eyes will be on any indications regarding the timing and magnitude of potential easing measures anticipated from the Fed later this year. Recent data revealed that US producer prices surpassed expectations in February, both on a monthly and annual basis. This followed earlier data indicating that US consumer prices exceeded forecasts last month, reaching 3.2%.

Shark Tank India, the celebrated entrepreneurial reality program, has captivated the nation’s attention with its mesmerizing fusion of innovation, business savvy, and lucrative investment prospects. At the heart of the show’s triumph is its esteemed panel of judges, each offering a treasure trove of experience and expertise to steer budding entrepreneurs toward prosperity. With ownership stakes in major brands, all the investors boast multimillionaire net worths. While some have pursued formal education in business and engineering, others have relied on their real-world experiences and self-education to deftly navigate the intricacies of the business landscape.

New Delhi, Former Indian ambassador to the United States Taranjit Singh Sandhu joined the BJP on Tuesday amid the possibility that he may be fielded in the Lok Sabha polls from Amritsar in Punjab. He joined the party in the presence of its general secretaries Vinod Tawde and Tarun Chugh.

fasting, a popular strategy to lose weight by limiting food intake to certain times, was called into question by a surprise finding from research presented at a medical meeting. Limiting mealtimes to a period of just eight hours a day was linked to a 91% increase in risk of death from heart disease in the study, which was released on Monday in Chicago. The American Heart Association published only an abstract, leaving scientists speculating about details of the study protocol. The study was reviewed by other experts prior to its release, according to the AHA. Lifestyle interventions aimed at weight loss have come under scrutiny as a new generation of drugs help people shed pounds. Some doctors questioned the study’s findings, saying they could have been skewed by differences — such as underlying heart health — between the fasting patients and the comparison group, whose members consumed food over a daily period of 12 to 16 hours. “Time-restricted eating is popular as a means of reducing calorie intake,” Keith Frayn, emeritus professor of human metabolism at the University of Oxford, said in a statement to the UK Science Media Center. “This work is very important in showing that we need long-term studies on the effects of this practice. But this abstract leaves many questions unanswered.”

Also Read: Oil prices rise amid attacks on Russian energy facilities, brent crude at $86/bbl On Monday Iraq announced its intention to reduce crude exports in the coming months by over 100,000 barrels per day compared to the previous month, aiming to counter any increase above its OPEC+ quota recorded in January and February. Iraq remains committed to the voluntary cuts established with the OPEC+ coalition, which have been extended into the second quarter. On the other hand, ongoing Ukrainian drone attacks targeting Russian oil refineries are exacerbating concerns about supply stability.

US sanctions crimped trade with Russia and forced processors to look elsewhere for supply. State-owned Bharat Petroleum Corp. and Indian Oil Corp., along with top private refiner Reliance Industries Ltd., have purchased about 7 million barrels of April-loading US crude so far this month, said traders who asked not to be identified.

markets steadied at the open Tuesday before a US Federal Reserve meeting and after the Bank of Japan hiked interest rates for the first time since 2007. London's FTSE 100 was flat at 7,725.29 points while the Paris CAC 40 was also little changed at 8,150.60 points.

Bitcoin is set to continue its record-breaking rally and rise above $80,000 as institutional investors pour more money into the crypto-backed exchange-traded funds, according to Binance chief executive officer Richard Teng. The launch of Bitcoin ETF in the US earlier this year has attracted institutional investors and new fund flows, Teng said at an event in Bangkok on Sunday, adding «we're just getting started.»

Mumbai blasts. “The emerging gangster-Pro-Khalistani Elements (PKEs) nexus is akin to the scenario that existed in Mumbai in the early ’90s,” the NIA has observed in multiple charge sheets. The two main gangs at loggerheads now are those of Lawrence Bishnoi and Kaushal Chaudhary, similar to the rivalries of underworld dons Dawood and the now jailed Chhota Rajan. The federal agency is investigating more than a dozen cases involving terrorist-gangster syndicates and PKEs and have arrested more than 45 suspects. However, foreign handlers in Canada, United States, Australia, Dubai and the United Kingdom continue to remain at large. ET joins the dots. Lawrence Bishnoi gang Jailed Lawrence Bishnoi is said to be the mastermind who brought together the criminal gangs of Punjab, Haryana, Uttar Pradesh, Rajasthan, Delhi and Chandigarh. “The growth of Lawrence Bishnoi and his terror syndicate has tremendous similarities to the rise of Dawood Ibrahim, a wanted terrorist, gangster and drug kingpin who heads the notorious organised terror syndicate D-Company,” as per the NIA.

H-1B cap season for fiscal year 2025 is in full swing in the United States, with registrations now open and scheduled to close on March 22. However, the application procedure has undergone significant changes, making it crucial for employers and applicants to understand the new process thoroughly. The H-1B programme allows US employers to temporarily hire foreign workers in highly specialised technical occupations, including architecture, engineering, social sciences, medicine, education, mathematics, law, accounting, business specialities, arts, and others.

Stock market today: Following weak global Asian stock markets after a trend reversal by the Central Bank of Japan, the Indian stock market witnessed sharp selling pressure during Tuesday deals. The Nifty 50 index opened below the psychological 22,000 mark and went on to touch an intraday low of 21,817 mark, logging an intrada loss of 238 points or more than one percent dip against Monday's close of 22,055 level.

market slowdown, the Financial Times reported. The firm will streamline its primary business divisions from five to four, a source told the paper. These include the audit and assurance, strategy, risk and transactions, technology and transformation, and tax and legal units.

visa exemption policy and will now allow citizens from 87 countries to enter the UAE without needing a pre-entry visa. The updated regulations say that nationals from from 110 countries are required to obtain a visa prior to their arrival in the UAE, according to Gulf News. The UAE Digital Government has made it clear that citizens of the GCC do not require a visa or sponsorship to travel to the country. They can enter simply by showing a passport from a GCC state or an identity card when they arrive at UAE entry points.

TOKYO (Reuters) — Nippon Steel would move its U.S. headquarters to Pittsburgh where its acquisition target U.S. Steel is based if the deal goes through, an executive said, adding to the pledges from the Japanese steelmaker to secure the transaction.

artificial intelligence has sparked a gold rush into AI-themed ETFs, as investors seek fresh ways to play the burgeoning technology following breathtaking rallies in market darlings such as Nvidia. The funds run the gamut from those offering a bouquet of the biggest AI winners to more esoteric themes such as robotics and sound generation. All told, the universe of AI-themed ETFs traded in the United States has soared to $6.88 billion as of the end of February from $2.55 billion a year earlier, Morningstar data showed.