Usa Financial News

An Australian man has vanished after allegedly pocketing about half a million dollars when cryptocurrency trading platform Rhino Trading Pty Ltd accidentally added an extra zero to his account, according to an ABC report.

A US judge has temporarily halted the Energy Information Administration’s (EIA) attempt to enforce a mandatory survey on Bitcoin miners.

Nikki Haley in the presidential primary after her latest defeat in South Carolina. The group, Americans for Prosperity Action, had spent tens of millions of dollars trying to elevate Haley and prevent the renomination of Donald Trump, but it had already slowed its spending in the GOP race dramatically after Haley fell short in the New Hampshire primary last month. The organization made its decision official Sunday.

By Shariq Khan and Laura Sanicola

By Wayne Cole

By Mayu Sakoda and Rocky Swift

US Federal Reserve, which provides guidance on liquidity conditions, Ashima Goyal, a member of the Monetary Policy Committee said to Bhaskar Dutta in an interview. Edited excerpts: Is there a need for liquidity management to also be brought under the purview of the MPC? As the experience of the past six months shows us, liquidity conditions have been the driver of funding costs rather than the benchmark policy rate that the MPC votes on.

Nippon India Mutual Fund has decided suspension of subscription in its four schemes. The fund house informed about this to its unitholder through a notice-cum-addendum. The changes will be effective from February 26. The fund house informed that the lumpsum subscription, switch-ins and fresh registration of SIP/STP or such other special products under its overseas funds are being suspended temporarily.

Infibeam Avenues, a fintech firm, saw its shares gain 10% to ₹37.90 apiece in today's (Monday) intraday trade after the company announced an investment of $10 million for the acquisition of a 20% strategic stake in XDuce, a renowned enterprise application and AI development company based in the United States. With headquarters in New Jersey, USA, XDuce has a team of over 150 software developers in the US, servicing some of the marquee Wall Street and insurance clients in North America.

Gold rate today, 26 Feb 2024: Amid speculations of a positive outcome in the US Q4 GDP data to be released on Wednesday this week, the US dollar index regained 104 level in early morning deals and touched a two-month high. This put gold rate today under pressure on Monday morning session in the Asian stock market today. Gold futures contract on the Multi Commodity Exchange (MCX) for April 2024 expiry opened lower at ₹62,327 per 10 gm level and went on touch an intraday low of ₹62,198 per 10 gm.

PTI, the Texas Academy of Medicine, Engineering, Science and Technology (TAMEST), which bestows this award to promising researchers in the state, recognized Veeraraghavan, who serves as a professor of electrical and computer engineering at Rice University's George R. Brown School of Engineering.

OnePlus is set to unveil its OnePlus Watch 2 at the Mobile World Congress in Barcelona today, while a dedicated Amazon microsite for the smartwatch reveals that it will launch in India alongside its global launch today. In a departure from the square design of the previous generation OnePlus Watch, the latest smartwatch will feature a circular design on the front and will run on Google's WearOS. According to tipster Ishan, the Indian version of the OnePlus Watch 2 will start at ₹24,999, while the US version will start at $299 and the UK and EU versions will start at £299 and €329 respectively.

Sensex eased 15.44 points, or 0.02%, to close at 73,142.80, while the Nifty 50 ended 4.75 points, or 0.02%, lower at 22,212.70. “This week, the market might take a pause ahead of various global economic data releases. US would be reporting its Q4 GDP numbers along with Initial jobless claim, PCE data and Consumer Confidence for the month of February.

In an eerie echo of the protectionist 1930s, globalization has been in retreat this decade amid a fast deepening geopolitical divide. This explains feeble expectations of anything multilateral. So too of the 13th ministerial conference of the World Trade Organization (WTO) being held in Abu Dhabi.

Motilal Oswal Financial Services Ltd. (Read the full story here.)Sensex Today Live : While Gift Nifty futures was trading marginally ahead of Friday's Nifty close, volatility in the Asian markets indicated that the Indian benchmark indices could be muted on Monday, February 26.At 7:45 am on Mondat, Gift Nifty futures, at 22,224.50, was ahead of Friday's Nifty 50 close of 22,212.70Asian shares were taking a breather near seven-month highs on Monday as investors awaited inflation data from the United States, Japan and Europe that will help refine expectations for future rate moves.Oil edged lower after a weekly drop as traders awaited a fresh raft of clues about global crude demand and balances in March and beyond.Brent dipped toward $82 a barrel after losing more than 2% last week, with US counterpart West Texas Intermediate above $76.Spot gold was down 0.3% at $2,030.9 per ounce, as of 0100 GMT.

U.S. military service member set himself on fire, in an apparent act of protest against the war in Gaza, outside the Israeli Embassy in Washington on Sunday afternoon, authorities said. The man was transported to an area hospital after the fire was put out by U.S. Secret Service officers, DC Fire and EMS posted online. The man remains in critical condition, a Metropolitan Police Department spokesperson said Sunday afternoon. An Air Force spokesperson confirmed that the incident involved an active-duty airman. «I will no longer be complicit in genocide,» said the man, wearing military fatigues, in a video he broadcasted live over the internet, according to the New York Times.

Israel's military proposed a plan Monday for «evacuating» civilians from the Gaza Strip, after Prime Minister Benjamin Netanyahu said a ground invasion of the Palestinian territory's southern city Rafah was necessary for «total victory». Foreign governments and aid organisations have repeatedly expressed fears that such an operation will inflict mass civilian casualties in Rafah, where around 1.4 million Palestinians — most of them displaced from other areas — have converged. It is also the entry point for desperately needed aid, brought in via neighbouring Egypt.

By Colleen Howe

southernmost city of Rafah could be “delayed somewhat" if a deal is reached for a weekslong cease-fire between Israel and Hamas. He further claimed that total victory in the territory would come within weeks once the offensive begins in Rafah as four of the six remaining Hamas battalions are concentrated there. Thus, Israel is set to undertake plans to expand its offensive against the Hamas militant group to Rafah on the Gaza-Egypt border even as humanitarian groups have warned of a catastrophe.

“Is crypto a security?”– South Korean courts cannot seem to decide on the answer, and a new report claims the conundrum is causing a legal backlog.

Investing.com-- U.S. stock futures moved little in late-Sunday deals after a record-high run, as an AI-fueled rally in the tech sector now appeared to be slowing, with pressure coming chiefly from persistent fears of higher-for-longer interest rates.