Usa Financial News

14.02 / 11:47

country electronic reports travelers International Bali unveils $10 tourism tax for foreigners on Valentine's Day to preserve culture of ‘Island of Gods’

tourists arriving in Bali to preserve the culture of the "Island of Gods", news agency AFP reported. Domestic tourists, diplomatic visa holders and ASEAN nationals are exempted from the tax. The government is trying to capitalise on the popularity of Bali which attracts millions of foreign visitors annually to boost its coffers and protect its tropical allure.

14.02 / 11:25

Digital security digital assets innovations reports Updates White House Policy Group Finds Digital Assets, DLT Vital for US National Security

A White House policy group highlighted critical emerging technologies for US national security in an updated report on Monday.

14.02 / 10:47

markets UPS SUN economy WhatsApp show end Fag-end buying drives Sensex 278 pts higher; Nifty nears 21,850

The 30-share BSE benchmark Sensex surged 278 points or 0.39% to settle at 71,833. The broader NSE Nifty rose 97 points or 0.45% to end at 21,840.

14.02 / 10:47

Research wellness Universities show country patient Features New AI model predicts personalised TB treatments, study shows

tuberculosis (TB) patients, an advance that may lead to personalised treatments for the bacterial disease. The study, published in the journal iScience, analysed multimodal data including diverse biomedical data from clinical tests, genomics, medical imaging and drug prescriptions from TB patients. By analysing data from patients with varying levels of drug resistance, the researchers discovered biomedical features predictive of treatment failure. They also uncovered drug regimens effective against specific sets of drug-resistant TB patients.

14.02 / 10:08

markets IPO Booking economy wellness performer reports FPIs' investment value rises 13% to $738 bn in Dec quarter

On a year-on-year basis, the value of such investments rose 26 per cent from USD 584 billion in December 2022.

14.02 / 10:07

markets Provident Platform electronic information Schools Investigations Italian watchdog fines BAT and Amazon over misleading advertising

AGCM competition watchdog has fined British American Tobacco (BAT) and Amazon a combined 7 million euros ($7.5 million) over misleading advertising for heated tobacco products. BAT was fined 6 million euros and Amazon 1 million euros for failing to provide sufficient information to consumers about the nicotine content and corresponding health risks from use of the Glo Hyper X2 and Glo Hyper Air products, AGCM's statement said.

14.02 / 09:49

ETFs energy transition Uranium HANetf brings small- and mid-cap uranium miners ETF to Europe

The firms first collaborated to launch the Sprott Uranium Miners UCITS ETF (URNM) in May 2022, the European version of which now has $300m AUM.

14.02 / 09:49

economics inflation US Interest rates Bank of America Tech growth Global fund managers most bullish in two years as growth expectations improve

The proportion of investors expecting a weaker economy in the next 12 months decreased to a net 25%, from January’s 40%, the survey found.

14.02 / 09:49

People moves ETFs Global X ETFs CIO to exit amid senior management exodus

Maier joined the firm in 2017 after more than ten years leading ETF strategy at Merill Lynch and Riven joined the firm in 2018 from Barclays Centre.

14.02 / 09:49

economics inflation UK CPI UK inflation 'More questions than answers' as inflation remains unchanged at 4%

'Headline CPI inflation is running slightly below the BoE’s forecasts over the last few quarters.'

14.02 / 09:49

markets economics inflation Interest rates US inflation monetary policy Neil Birrell Rate Cut Hotter than expected US inflation tempers Fed rate cut expectations

According to the Bureau for Labor Statistics, the US Consumer Price Index fell to an annual rate of 3.1% in January, down from 3.4% in December. However, this figure came in higher than the 2.9% anticipated by economists.

14.02 / 09:36

Analysis Death community students Universities Indian-American family of 4 found dead in California; police begin probe

Hindustan Times (HT), the Indian Consulate in San Francisco has been in contact with the family members of the deceased in India, offering consular support. Additionally, condolences have been extended to the bereaved family and the Indian American community.

14.02 / 08:52

UPS Digital Action Bill Us Treasury US Treasury to Discuss Crypto Finance Concerns at Congressional Hearing

The United States Treasury is gearing up to address Congress on the emerging challenges posed by cryptocurrencies to existing financial regulatory frameworks.

14.02 / 08:51

markets Federal Reserve Bitcoin Bitcoin Price reports Department FOMC Likely to Keep Rates Unchanged in March After Hot Inflation Report

Wall Street braced for a chilly reality as hotter-than-expected inflation data sent major indexes tumbling on Tuesday. The Labor Department report revealed US consumer prices surged in January, exceeding forecasts and fueled by rising shelter costs. This unexpected heatwave extinguished investors’ hopes for imminent interest rate cuts.

14.02 / 08:51

Remark Futures Trade Bitcoin reports Bitcoin Futures Open Interest Reaches Highest Level in Over 2 Years, Tops $21 Billion

The notional open interest, which represents the dollar value locked in active Bitcoin (BTC) futures contracts, has surged to its highest level in more than two years.

14.02 / 08:51

Anti-money laundering crypto futures Digitex CEO Charged for Illegally Operating Crypto Futures

Digitex crypto futures exchange CEO Adam Colin Todd willfully failed to include adequate anti-money-laundering (AML) program, Florida federal court alleged.

14.02 / 08:51

markets UPS Provident Digital litecoin Align Bitcoin New Crypto Mining Sensation BlockDAG Coin Expected to Surge 100x to $0.05, Beats Bitcoin and Litecoin Returns

Crypto mining has quickly gone from an obscure industry to an industry so big that Bitcoin (BTC) mining alone consumes over 0.6% of the United States’s electricity, not to mention other minable coins such as Litecoin (LTC). Similarly to investing in energy stocks, mining crypto pits the allure of financial gain against environmental concerns. But it doesn’t have to be one or the other!

14.02 / 07:47

markets Provident Strategy trends Trade performer Wealth Destroyer: This stock crashed almost 50% of investor wealth just this year

₹46.80 in December 2023 to currently trade at ₹24.13, implying a decline of as much as 48.4 percent. An investment of ₹1,00,000 in December last year would have decreased to ₹51,600 now. The stock has already shed 9.5 percent in February so far, extending losses for the third straight month.

14.02 / 07:43

markets UPS CEO wellness Cycling Schools Here's why Peter McGuire is bullish on steel

«You have only got to look at Delhi and what is going on there from an infrastructure and then come to Mumbai and it is breathtaking,» says Peter McGuire, CEO, XM Australia. And let us get to talking about that hotter than expected inflation print that came in. What do you think this will lead the US Fed to do? A couple of things. I think it hit the market by a little bit of a surprise and as far as a pushback, we were looking at the best part of 65-66% as far as a rate cut come May and that has been pushed back now to around about 32-33% and they are rolling that forward to possibly by June or July.

14.02 / 07:32

Apple wellness stage innovations reports Schools rights Edtech sector needs change with frugality: Ronnie Screwvala

Ronnie Screwvala said on Wednesday. “I think part of the rotten apples is because it was just too much money being thrown… this sector needs change with frugality. What I mean by frugality is that it forces you to innovate well, well beyond," Screwvala said at an event in Gurgaon.

14.02 / 07:05

COST UPS Target BAY reports recommendations Why brokerages remain positive on Hindalco stock despite a 14% fall on Novelis shocker?

Hindalco Industries shares on Wednesday extended their losses to over 13% in two sessions notwithstanding a 71% year-on-year (YoY) jump in its December quarter net profit as the Novelis capex shocker weighed on the stock. However, the intensity of decline was substantially lower on Wednesday with less than 1% fall around 11 am. A clutch of brokerages remains optimistic about the long-term story of Hindalco expecting the company to benefit from Novlis capex, over time. While Jefferies, Motilal Oswal and JM Financial have reiterated their buy views, Kotak Institutional Equities has an 'Add' stance. Nuvama on the other hand has recommended a hold and cut the price target.

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