Usa Financial News

Also Read: Oil remains range-bound as rate cut hopes fade away: Here's how US Fed policy decision affects prices Brent futures dipped 22 cents or 0.26 per cent to $83.34 a barrel. The six-month spread for Brent on Tuesday was also at its highest since October, in a sign of a tighter market. US West Texas Intermediate (WTI) crude for April delivery fell 26 cents, or 0.33 per cent, to $78.20 a barrel, after earlier paring $1.

'Kudlow' panelists Russ Vought and Michael Faulkender discuss the Trump administration's tax code.

Retired nurse Joyce Fleming shares why she decided to return to work due to rising costs.

American Airlines is raising bag fees and pushing customers to buy tickets directly from the airline if they want to earn frequent-flyer points

Walmart reported another quarter of stellar results, ending the year on a high note as its low prices attract shoppers looking for deals in an economically challenging environment beset by a recent bout of inflation

U.S. lawmakers are raising alarms about what they see as America’s failure to compete with China in biotechnology

Home Depot’s sales continued to weaken in its fiscal fourth quarter, as the country’s largest home improvement retailer deals with Americans who remain concerned about high mortgage rates and inflation

Ryanair, of low cost and sustained profitability, India’s newest airline Akasa Air’s journey to the top of the charts has been rather astounding. The airline, backed by legendary investor Rakesh Jhunjhunwala, who died soon after the launch of the airline in August 2022, is set to cross a milestone. It will fly beyond the Indian borders from March 28 with its first international flight scheduled to Qatar. Notably, this achievement comes in merely 19 months of its going operational. Akasa was granted the licence to fly internationally by the Ministry of Civil Aviation last year on September 20. Exiting 2023 with a fleet size of 22 aircraft, including 21 Boeing 737 MAX 8 and one Boeing 737 MAX 8 200, the first of its kind in Asia, Akasa Air is ready for its next phase of growth. It further fuelled its international flying ambitions when in January the new airline welcomed two Boeing 737 MAX 8 aircraft to its growing fleet. Since it started flying in 2022, Akasa has garnered a market share of 4 per cent as against another low-cost but much older airline SpiceJet's 5.6%. The Indian aviation market is dominated by IndiGo, which has a nearly 60 per cent market share, and the Tata Group whose airlines have a combined share of nearly 26 per cent.

Zomato performed better than US-based food delivery platform DoorDash. According to brokerage firm Elara Securities, DoorDash reported 27% year-on-year (YoY) revenue growth to $2.3bn in Q4CY23 whereas Zomato food delivery adjusted revenue grew 29.4% YoY to ₹20.3 billion in Q4CY23, higher than Dash Dash also reported lower gross order value (GOV) YoY growth at 22% vs Zomato’s 27%. Dash's GOV and revenue growth is attributed to a 23% YoY increase in total orders, growing the number of users grew to 37 million, higher average order frequency, and better advertisement revenue.

NEW DELHI : India’s economy is performing well, with risks evenly balanced, to achieve 7% growth in FY25, but geopolitical tensions and geo-economic fragmentation pose risks to the country’s growth, the finance ministry said in its latest monthly economic review. In its economic review for January, the ministry said risks to global trade, including a spike in commodity prices due to the Houthi militant group’s attacks on important trade routes in the Red Sea region, have resulted in supply chain disruptions.

Last week, major US stock indexes experienced a slight decline, marking only the second negative week in the past 16.

NEW YORK/WASHINGTON (Reuters) — U.S. banking regulators have been asking regional lenders whether they faced any fallout from the problems at New York Community Bancorp (NYSE:NYCB), several sources said, in a sign that worries about the health of the sector persist.

But for a nation racing to adopt renewable energy, the land is prime for something else: solar panels. The sun shines strong, the terrain is flat and high-voltage transmission lines are in place from a decommissioned coal plant. Energy collected here could speed to major metropolitan regions across the West, part of a colossal wave of clean power needed to stave off the worst effects of global warming. Animals need humans to solve climate change. But they also need places to live. Loss of habitat is the top driver of a staggering global decline in biodiversity, the variety of life on Earth. The boom in solar power, set to be the fastest-growing energy source in the United States, is predicted to fence off millions of acres across the nation, blanketing them in rows of glassy squares.

India will not support further continuation of prohibition of imposing customs duties on electronic transmissions at the World Trade Organization (WTO), meeting in Abu Dhabi next week, an official said Tuesday, as besides loss of revenue for developing countries, it also constrains their policy space. New Delhi is of the view that e-commerce needs to be looked at from a development dimension and not from the “eyes of big tech companies”.

By Indradip Ghosh and Prerana Bhat

(Reuters) — CenterPoint Energy (NYSE:CNP) said on Tuesday it would sell its natural gas assets in Louisiana and Mississippi for $1.2 billion to Bernhard Capital Partners, as the electricity and gas utility plans to focus on its regulated business.

While it will likely be a relatively quieter week so far as macro data is concerned, North American markets re-open today after a long weekend, and with China also back this week, markets should turn a bit livelier after a quiet period.

Russia has never hurt India’s interests and everyone conducts a relationship based on their past experiences, was External Affairs Minister S Jaishankar’s straight reply to German economic daily, Handelsblatt. “…The relations of powers like Europe, the US, China or Japan with Russia, they have all seen ups and downs. We have had a stable and always very friendly relationship with Russia. And our relationship with Russia today is based on this experience. For others, things were different, and conflicts may have shaped the relationship. We, on the other hand, had a politically and militarily much more difficult relationship with China, for example,” Jaishankar said, adding,” My point is: just as I do not expect Europe to have a view of China that is identical to mine, Europe should understand that I cannot have a view of Russia that is identical to the European one. Let us accept that there are natural differences in relationships.” The interview was conducted during Jaishankar’s recent visit to Munich.

MLS) is all set to be kicked off this week. The upcoming MLS season will have a total of 29 soccer teams divided into two conference — East and West. Eastern Conference will have 15 teams and Western segment comprises of 14.

Investing.com — U.S. stock futures fell Tuesday, as investors returned to their desks after the long weekend, ahead of a deluge of key earnings this week. 

Investing.com — U.S. futures fell Tuesday as investors returned to their desks after a long weekend and prepared for a deluge of quarterly corporate earnings during the week.