Usa Financial News

The average long-term U.S. mortgage rate rose for the fourth week in a row, another affordability setback for prospective homebuyers just as the spring homebuying season gets going

A massive U.S. health care technology company says it was attacked by the ransomware group ALPHV, also known as Blackcat

Vanderpump Rules star Rachel (formerly Raquel) Leviss is taking the cheating scandal to a court of law.In a new lawsuit filed Thursday in Los Angeles Superior Court, Leviss, 29, accused co-stars Tom Sandoval, 40, and Ariana Madix, 38, of revenge porn, eavesdropping, invasion of privacy and intentional infliction of emotional distress.According to entertainment publication US Weekly, which obtained and viewed the legal filing, Leviss alleges that Sandoval recorded a sex tape of her without her consent.Leviss and Sandoval infamously had a bombshell affair that came to light during Season 10 of Vanderpump Rules, when Sandoval was in a nearly decade-long relationship with Madix. The affair — which would go on to be known as “Scandoval” among the show’s fans — grabbed international headlines in March 2023 and brought record-breaking viewership to the show.

Russian man pleaded guilty on Thursday to illegally exporting electronics to Russia for possible military use, in violation of sanctions imposed after Moscow's invasion of Ukraine, the US Department of Justice said. Maxim Marchenko, who lived in Hong Kong, operated a network with two other unidentified Russians that fraudulently bought large quantities of military-grade microelectronics from American distributors on behalf of Russia-based end users, according to the DOJ.

legal feud involving five brothers from India who’ve amassed a fortune in diamonds and Los Angeles real estate burst into public view this week with a multibillion-dollar US verdict that may be among the largest of the decade. After a five-month trial, a jury ordered Haresh Jogani to pay his brothers Shashikant, Rajesh, Chetan and Shailesh Jogani more than $2.5 billion in damages and to divide up shares of their Southern California property empire —about 17,000 apartments worth billions more.

Fitch Ratings has revised the outlook on the long-term foreign-currency issuer default rating (IDR) of Tata Chemicals to “stable” from “positive" while affirming the rating at 'BB+'. The revision in the outlook is based on the view that the global soda ash industry will remain oversupplied for longer than previously anticipated.

Grayscale is calling on the US Securities and Exchange Commission to approve options on its spot Bitcoin exchange-traded fund, aiming to expand access to a broader range of investors.

SEC Commissioner Hester Peirce has said that the regulatory agency is currently operating in an “enforcement-only mode” when it comes to the regulation of cryptocurrencies. 

Grayscale’s spot Bitcoin exchange-traded fund (ETF) (GBTC) has seen a slow trading day experiencing net outflows of almost $600 million on Thursday, making this the second largest outflow day since 11th Jan 2024, according to data posted by Farside investors.

India Q3 GDP data: Indian economy grows by 8.4% in Dec quarter driven by construction, manufacturing sector Asia's third-largest and the world's fastest-growing major economy expanded 8.4% in the October-December quarter, partly helped by a surge in manufacturing, according to data released by the government on Thursday. That growth rate was much stronger than the 6.6% expansion predicted in a Reuters survey, where the highest forecast was 7.4%. The manufacturing sector, which accounts for 17% of India's economy, expanded 11.6% year-on-year last quarter.

1] GDP of India: “In another pleasant surprise, India's real GDP grew 8.4% YoY in 3QFY24, compared to the market (and our) forecast of 6.5-7%. Further, the last two quarters' growth was also revised up to 8.1% (from 7.7% earlier). FY22 growth was revised up to 9.7% (from 9.1%) and FY23 was revised down to 7% (from 7.2%).

A shop in Iran’s capital has been offering consumers in the Islamic Republic one of the hottest products in the country — an iPhone that came out in 2021

The tech narrative in the last two years has been dominated by artificial intelligence (AI) and the excitement and disruption generated by it. However, the narrative started to sour a little in the latter half of 2023, as ethical issues got thrown up—like copyright, bias, privacy and deepfakes. Now, with elections looming across most of the democratic world, 2024 promises to be the year when AI will experience its first major ethical test—whether it helps democracy or subverts it.

Japan birth rate hit record low levels amid depopulation fears, Elon Musk reacts U.S. District Judge Charles Breyer was skeptical that when the nonprofit entered the standard user contract governing all Twitter and X users, it could have foreseen that Musk would buy Twitter for $44 billion in 2022 and welcome back users it had banned for posting hateful content. "You're telling me ...

Red Sea operations, the Iran-aligned group's leader Abdul Malik al-Houthi said in a televised speech on Thursday. Houthi militants have repeatedly fired on international commercial ships since mid-November in solidarity with Palestinians over the Israel-Hamas war in Gaza.

export violations including Chinese employees in China improperly downloading documents related to U.S. Defense Department programs.

Sensex gained 195.42 points, or 0.27%, to close at 72,500.30, while the Nifty 50 settled 31.65 points, or 0.14%, higher at 21,982.80. “Recent global economic data releases pushed investors back after a rally that was seen recently. Further, the US Fed’s preferred inflation gauge, personal consumption expenditures (PCE), holds key importance from an interest rate perspective.

Sensex gained 195.42 points, or 0.27%, to close at 72,500.30, while the Nifty 50 settled 31.65 points, or 0.14%, higher at 21,982.80. Nifty formed a small positive candle on the daily chart with upper and lower shadow.

During the US session, Bitcoin price is exhibiting a slight bearish correction, giving up most of it’s gain to trade at $60,750, a 0.70% increase over the last 24 hours.

Crypto hedge fund LedgerPrime, once linked to the bankrupt FTX crypto exchange, has relaunched under the name MNNC Group according to a February 29 Bloomberg report.

Former Federal Reserve Bank of St. Louis President and CEO James Bullard analyzes latest inflation readings and the Fed's expected rate path.