Usa Financial News

We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

By Doina Chiacu

Investing.com -- U.S. stock markets are set to be shuttered on Monday in observance of the Presidents' Day holiday. Traders are looking ahead to the release of more quarterly earnings, including key results from Nvidia (NASDAQ:NVDA) and Walmart (NYSE:WMT), as well as the publication of minutes from the Federal Reserve's January gathering.

Major companies join forces to combat AI-generated election interference Srinivas said that the employee who received a massive salary hike was part of the 'search team' and had no direct involvement with its AI division. Further, Srinivas spoke about the layoffs in the tech industry. He said the firms target those with high salaries who do not proportionately contribute to productivity.

India requires long-term effort, a senior US scientist has said and noted cost-intensive technologies such as smog towers and cloud seeding are not sustainable solutions to the pollution problem plaguing the country. In an interview with PTI, Richard Peltier, a member of the World Health Organization's (WHO) Global Air Pollution and Health Technical Advisory Group, said there is a good understanding that air pollution is «really quite bad» across India but precision is lacking due to the limited distribution of air pollution monitors. When asked how much time is needed to control air pollution in cities such as Delhi, he cited the example of the US. The US implemented the Clean Air Act in the 1960s, Peltier said and added only recently has the country developed air quality that is generally considered good.

VanEck has been fined $1.75 million by the Securities and Exchange Commission (SEC) after failure to disclose a social media influencer’s role in the launch of an exchange-traded fund (ETF).

Y Combinator identified 20 specific areas in its latest Request for Startups list, potentially signaling upcoming investment trends.

The BFSI sector has grown by leaps and bounds, transitioning India from a primarily cash-driven economy to one that is now highly digitised. Fintech, today, has entered the mainstream, focusing on increasing profitability and curtailing risk. The fintech ecosystem has witnessed tremendous technological advancements and is projected to grow sixfold from $245 billion to $1.5 trillion by 2030. The Asia-Pacific region is expected to outpace the US and climb up the ranks to become the world’s leading fintech market by 2030. 

Israel will launch its long-threatened offensive against Rafah next month if Hamas has not freed the remaining hostages held in Gaza by the start of Ramadan, Israeli war cabinet member Benny Gantz said. «The world must know, and Hamas leaders must know — if by Ramadan our hostages are not home, the fighting will continue everywhere, including the Rafah area,» Gantz, a retired military chief of staff, told a conference of American Jewish leaders in Jerusalem Sunday. Ramadan, the Muslim holy month, is expected to begin on March 10.

Oil prices edged down on Monday morning as markets digested comments from U.S. Federal Reserve officials pointing to a more patient stance regarding potential interest rate cuts, in thin early trade on what is a public holiday in the United States. Brent crude futures were down 58 cents, or 0.69%, at $82.89 a barrel. U.S. West Texas Intermediate crude was 35 cents, or 0.44%, lower at $78.84 at 0138 GMT.

Sensex surged 376.26 points to end at 72,426.64, while the Nifty 50 settled 129.95 points, or 0.59%, higher at 22,040.70. Nifty 50 formed a small positive candle on the daily chart with gap up opening and with minor upper and lower shadows. “Technically, this pattern indicates a formation of spinning top type candle pattern at the highs, which are normally associated with top reversals.

Sensex surged 376.26 points, or 0.52%, to end at 72,426.64, while the Nifty 50 settled 129.95 points, or 0.59%, higher at 22,040.70. “Indian markets showed resilience despite volatility. Q3 earning season has ended on a buoyant note with Nifty delivering a strong beat with a 17% YoY PAT growth versus estimates of +11%.

BSE Sensex surged 376 points and closed at 72,426 mark while the Bank Nifty index ended 165 points up at 46,384 level.In the broad market, both small-cap and mid-cap indices outperformed the key benchmark indices even as the advance-decline ratio remained firm at 1.56:1. Large activity was seen in bank, auto, pharma, PSU, and FMCG stocks.

A post shared by Юлия Навальная (@yulia_navalnaya) Kira Yarmysh, the spokesperson for the late Russian opposition leader, confirmed Navalny's death and demanded that his body be handed over to his family "immediately." Yarmysh also accused Russian officials of lying to delay the process, CNN reported. Yarmysh's statement comes after the Russian prison service said that Russian President Vladimir Putin's critic, Navalny, died on Friday after he felt 'unwell' during a walk in his prison and fell unconscious. The cause of his death is not clear.

BAFTA Film Awards in London, Christopher Nolan's epic movie "Oppenheimer" claimed the spotlight, securing a total of seven awards. The film centred around the creation of the atomic bomb, delivered a powerful statement ahead of the upcoming Oscars. "Oppenheimer" clinched top honours, including Best Film, Best Director for Christopher Nolan, Best Actor for Cillian Murphy, and Best Supporting Actor for Robert Downey Jr.

Overnight, data showed that US retail sales fell by 0.8% in January, the sharpest drop in 10 months.

investors have started to ease back into crypto, even if they are not yet rushing in headfirst the way they did during the last bull market three years ago. At the biggest US crypto exchange, Coinbase Global Inc, net consumer transaction revenue rose 60% in the fourth quarter from the year-ago period, and 80% over the third quarter, according to shareholder letter released Thursday. At Robinhood Markets Inc., which reported on Tuesday and is focused on retail users, crypto notional volumes in December jumped by 242% from a year ago, the company said.

veto. Algeria, the Arab representative on the council, put the draft resolution in a final form that can be voted on. Council diplomats, speaking on condition of anonymity because they weren’t authorized to speak publicly, said the vote will take place Tuesday morning. In addition to a ceasefire, the final Algerian draft, obtained by The Associated Press, reiterates council demands that Israel and Hamas “scrupulously comply” with international law especially the protection

Israeli cabinet unanimously approved a declaration strongly opposing any plan for Palestinian statehood, the Times of Israel reported. This comes in the wake of reports that the US and several Arab partners were preparing a detailed plan for a comprehensive peace deal between Israel and the Palestinians that includes a «firm timeline» for a Palestinian state.

Snapchat’s parent company Snap Inc is recalibrating its focus on some of its key money-making markets like North America and Europe, the messaging app’s investments in India continue to drive monetisation of its more than 200 million monthly users, Snap India managing director Pulkit Trivedi told ET in an interview. “India continues to be a growth country for Snap and we’re looking at India in a very different way given that there is a huge headroom to grow on the community side as well as on the monetisation side. So, we continue to invest in India,” Trivedi said.

private sector is ready, and has been shipped for launch on a SpaceX rocket. Work is also in progress on a ground station that will control the asset and process sub-metre resolution imagery from it. ET has learnt that the satellite built by Tata Advanced Systems (TASL) was completed last week and is being sent to Florida for an expected launch by April.