Usa Financial News

New York City subway station on Monday afternoon just ahead of the busy rush hour, official confirmed on Tuesday. No motive was given for the shooting. The officials said the shooting started at around 4.30 pm when stations throughout the city are usually filled with kids coming home from school and many workers are beginning their evening commute.

Sensex plunged 523.00 points, or 0.73%, to close at 71,072.49, while the Nifty 50 settled 166.45 points, or 0.76%, lower at 21,616.05. “The premium valuation gap between mid to large caps has notched to its all-time high. Despite a robust economic forecast, corporate earnings are expected to slow due to moderated operating margins.

Prem Watsa strongly refuted the allegations levelled by short seller Muddy Waters and firmly stood by his company's track record of returns to investors, amid charges of accounting abuse against Fairfax Financial Holdings, a Toronto-listed investment firm he founded four decades ago. Fairfax Financial Holdings has invested $7 billion (about Rs 58,100 crore at current exchange rates) in India.

Nivruti Rai, managing director and CEO of the country’s investment promotion agency Invest India, is in the thick of things at a time when the government is going hammer and tongs to attract investments into the country and when Apple, Micron, VinFast and a slew of other companies are betting on manufacturing in India. In an interview with ET’s Dia Rekhi, Rai, a former Intel India head, talks about the countries and the sectors she is bullish on, her focus on increasing return on investment (RoI) for investors, and how her nearly three-decade-long stint at American chipmaker Intel is helping her in her new role and so on. Edited excerpts: How has been your transition from Intel to Invest India?

«Global cues are muted as most of the Asian markets are closed for this week on account of Lunar New Year holidays, which kept global investors on side-line. Overall we expect the market to consolidate with negative bias in the near term,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.

British American Tobacco (BAT), the largest shareholder in India's ITC, is working with Wall Street banks Citi and Bank of America to help pare some of that stake and raise up to Rs 21,000 crore ($2.5 billion), according to people with knowledge of the matter. This would translate to monetising 3.5-4% in ITC. However, no transaction will happen until the Reserve Bank of India (RBI) approves the move. BAT has 29.03% holding in the cigarette-to-chips conglomerate, as per December 2023 disclosures. Based on Monday’s closing price, BAT’s shareholding is valued at Rs 1.47 lakh crore ($17.75 billion). ITC’s total market capitalisation amounted to Rs 5.07 lakh crore ($61.17 billion).

Bitcoin BTC= hit the $50,000 level for the first time in more than two years as the world’s largest cryptocurrency was buoyed by expectations of interest rate cuts later this year and last month’s regulatory nod for U.S. exchange-traded funds designed to track its price.

WASHINGTON (Reuters) — The chair of the Senate Judiciary Committee on Monday asked the CEOs of American Airlines (NASDAQ:AAL), United Airlines, Visa (NYSE:V) and Mastercard (NYSE:MA) to testify at an April 9 hearing on credit card competition, according to letters seen by Reuters.

If your loved one is expecting chocolate this Valentine's Day, celebrating it may prove not-so-sweet for your wallet.

By Nate Raymond

By Akash Sriram

An unprecedented shift in the cryptocurrency market occurred on Monday as nine traditional asset management firms surpassed MicroStrategy’s Bitcoin holdings through spot Bitcoin ETFs, a report by HODL15Capital confirmed.

Digital asset investment products recorded $1.1 billion in inflows in the last seven days following a price uptick in the market.

United States and Securities Exchange (SEC) Chair Gary Gensler claimed the federal agency takes its “cybersecurity obligations seriously” in a February 6 letter following last month’s SIM swap attack.

By Richard Cowan and Patricia Zengerle

Bitcoin may be stealing the headlines after crossing above $50,000 for the first time since late 2021 on Monday, but for investors looking to turn a quick profit will continue to turn to the top crypto gainers today on DEXTools.

Kraken’s Chief Marketing Officer, Mayur Gupta, believes the Super Bowl is no longer an effective avenue for crypto marketing.

Gojo’s students and Sukuna escalates in Jujutsu Kaisen Chapter 251. Find out the release date, time, and where to catch this action-packed chapter.

Godzilla Minus One, the latest monster movie from Toho, offers various viewing options in theaters and on streaming platforms. Here's a breakdown of how and where to catch the film.

(Reuters) — Stellantis (NYSE:STLA) said on Monday it will invest 103 million euros ($111.02 million) at its Szentgotthard facility in Hungary to increase production capacity of electric drive modules that will help the automaker grow its electric-vehicle portfolio.

Modest gains in some corners of fixed income contrast with sharp losses elsewhere for year-to-date results with the broadly defined US bond market, based on a set of ETFs through Friday’s close (Feb. 9).