Usa Financial News

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By Nathan Gomes

By Akash Sriram

Terraform Labs, the company behind the stablecoins TerraUSD and Luna, which collapsed the cryptocurrency industry in 2022, has filed for bankruptcy in the United States.

Uber Technologies shot to a record high on Wednesday after announcing its first-ever buyback of $7 billion worth of company shares after a strong recovery in ride-share revenue and healthy demand in its food delivery business. The company posted its first annual net profit last week since it went public in 2019. Uber executives said they expect to make buybacks consistent over time.

Shah Rukh Khan addressed a range of questions about his enthralling time in the film industry and when the intrigued Richard Quest doubted the actor was working for money, ‘King Khan’ was quick to dismiss his skepticism and said "Bathing oils are very expensive," drawing huge laughter from the audience. While being candid about the offers from foreign film industries, Shah Rukh Khan said a lot of people don't believe him when he says that he doesn't get any offers from Hollywood or other Western film industries. "I’ve said this honestly, but nobody believes me.

Malabar Gold, Senco debut on Deloitte's global luxury goods list The research firm raised its metallurgical coal price assumptions for 2024 to $270 per ton from $220 per ton. The primary drivers behind this surge are limitations in supply from Australia, heightened tensions in the Red Sea region, and robust demand from India and other markets outside of China.

RAJKOT : India will be playing the T20 World Cup 2024, to be organised in the Caribbean and the USA, under the captaincy of Rohit Sharma, said BCCI secretary Jay Shah at an event here on Wednesday. "In 2023 (final) at Ahmedabad, even though we did not win the World Cup after 10 straight wins, we won hearts.

Vedanta Ltd promoter is in talks to sell a partial stake in the mining major to Rajiv Jain-led GQG Partners in a deal worth $1 billion, ETNow news channel reported, quoting sources. The final talks for a potential stake sale have already taken place, and the transaction may take place in a few days in the form of a block deal, the news channel reported.

The NSE Nifty 50 index rose 0.45% to 21,840, while the S&P BSE Sensex settled 0.39% higher at 71,833. Both the blue-chip indices had lost about 1% earlier in the session.

India will be playing the T20 World Cup 2024, to be organised in the Caribbean and the USA, under the captaincy of Rohit Sharma, said BCCI secretary Jay Shah at an event here on Wednesday. India have had Hardik Pandya as their full-time skipper in the shortest format but the heartbreaking loss in the final of the 2023 World Cup to Australia have reignited the murmurs of senior batters Virat Kohli and Rohit returning for the T20 showpiece in June. «In 2023 (final) at Ahmedabad, even though we did not win the World Cup after 10 straight wins, we won hearts. I want to promise you that in 2024 (T20 World Cup) in Barbados (venue for the final), under Rohit Sharma's captaincy, ham Bharat ka jhanda gaadenge (we will hoist the Indian flag),» Shah said at the end of his speech. Shah was present at the Saurashtra Cricket Association Stadium in Khanderi, which was renamed after veteran cricket administrator Niranjan Shah, as the chief guest.

Stephen Amell is gearing up for a new role in NBC's latest venture, "Suits: LA." Set to lead the spinoff, he'll portray Ted Black, described as «a charismatic force of nature who puts his own needs above others.» The original «Suits,» a creation of UCP, had a successful run on the USA Network from 2011 to 2019, spanning nine seasons. Recently, it regained popularity when it started streaming on Netflix in 2023, dominating their charts for several weeks. With over 45 billion minutes streamed on both Netflix and Peacock combined, its legacy remains strong.

Nvidia overtook Google-parent Alphabet's stock market capitalisation to become the third biggest US company on Wednesday, days before the poster child of AI boom is due to report fourth-quarter results. Strong demand for the Silicon Valley company's chips used in artificial intelligence computing has powered the stock 231% in the past 12 months to record highs, taking its market value to $1.812 trillion.

Kraken, a prominent cryptocurrency exchange, has recently introduced a new requirement for its users in the United Kingdom.

country music albums from prominent singers. These albums will include Kacey Musgraves, Sheryl Crow, Lana Del Rey and others, as per a USA Today report. On February 16, Blackberry Smoke will release «Be Right Here», and Drake Milligan's «Jukebox Songs» will premier.

The Dow Jones Industrial Average rose 99.92 points, or 0.26%, at the open to 38,372.67.

SOTC Travel is aiming for a healthy, double digit growth in business this year, and 2024 could be an even better year for the company compared to 2023, said MD Vishal Suri in an interview with ET. «Our forward bookings are looking stronger for the summer. Well-heeled Indians are travelling 7-8 times a year, and I see other industry leaders stating that people are spending more on travel and experiences,” he said. “We hope more countries will ease entry requirements for Indians as a lot of short haul destinations are realising the spending power of Indian travellers,» he added.

The S&P 500 index blew past a series of troubling markers in its relentless rally to 5,000. Now, after the rout on Feb. 13, investors are staring at a potentially long way down before they find support.

A 'Mornings with Maria' panel discusses the U.S. economy and markets after the January year-over-year CPI comes in at 3.1%.

Volatile market conditions and uncertainty are stressful for traders, and a new study looks at how they respond to losses.

US inflation data has erased the last remnants of a global bond rally that started in December with the hope that the Federal Reserve had finally pivoted to favor interest-rate cuts.