Usa Financial News

The Hong Kong subsidiary of Chinese asset management firm, Harvest Fund Management, applied for a spot Bitcoin ETF on Jan. 26.

cryptocurrency, has weathered recent market volatility with resilience, bouncing back 5% to hit the $42,000 mark on Saturday. Despite this recovery, Bitcoin remains 14% below its post-ETF approval highs. On January 24, Bitcoin was at $39,500, down nearly 20% from around $49,000 — the three-year high it hit on January 11 in the wake of the decision by the US SEC to approve spot bitcoin ETFs. Siddhartha Gupta, SVP — Business and Strategic Alliances, CoinDCX said, «Bitcoin's dip below $40,000 post-ETF launch isn't solely due to the event. A prior 15% surge in less than 20 days pushed it into overbought territory. The decline reflects profit booking by major crypto players rather than signalling long-term negativity.» «With the imminent halving and potential ETH ETF approvals, our medium and long-term perspective for Bitcoin is bullish and we can look at newer 1-year highs in a short-term period,» Siddhartha said.

In the realm of cryptocurrency, Bitcoin‘s trajectory has captured the market’s attention yet again. As whispers turn into conversations about Bitcoin price predictions, the digital currency has edged up by 0.41 percent, steadying at $42,403.

By John Revill

Syria and Iraq, Reuters reported. It is pertinent to note that there are 350 US Army and Air Force troops at the base as it includes logistics support. However, there is little known publicly about the Tower 22 base.

Joe Biden said on Sunday that the US “shall respond" in response to an overnight drone strike near the Syrian border in northeast Jordan, resulting in the deaths of three American troops and injuries to dozens more. As reported by AP, Biden blamed the initial US fatalities in months, amid ongoing strikes by similar groups against American forces in the Middle East, on Iran-backed militias.

Cipla share price declined more than 3% in the morning trades on Monday. It was amongst the largest losers in the Nifty-50 stocks on a day when benchmark indices gained around 0.8%. Cipla had reported a resilient performance in the December quarter last week, that was supported by strong growth in both India and the US markets.

SBI Life Insurance Company jumped nearly 3% to the day's high of Rs 1420.15 on the BSE on Monday following the company's decent December quarter earnings. Brokerages remain optimistic about the prospects of the state insurer, with Jefferies and CLSA reiterating their buy views on the counter. The latter also raised the price target, highlighting the company's wide presence as an advantage. Among domestic brokerages, Motilal Oswal and Nuvama maintained their buy views. SBI Life on Thursday reported a net profit of Rs 322 crore for the quarter ended December, up 6% from Rs 304 crore posted in the same quarter last year. Net premium income for the third quarter increased 16% year-on-year (YoY) to Rs 22,316 crore. Read More: SBI Life Q3 Results: PAT rises 6% YoY to Rs 322 crore; net premium income jumps 16% Here's what brokerages said:

Iran-backed Houthi forces in Yemen who are regularly attacking commercial ships passing through Red Sea waters off Yemen's coast. While the United States has thus far maintained an official line that Washington is not at war in the region, it has been retaliating against the Iran-backed groups in Iraq and Syria and carrying out strikes against Yemen's Houthi military capabilities.

In the second place was Pawan Munjal, CMD of Hero Moto Corp, with a compensation of ₹99.55 crore in FY23, up from ₹84.35 crore in the previous year, according to a study of the BSE 200 companies conducted for ET by leading search firm EMA Partners India.

drone attack on a base in Jordan killed three American troops and wounded more than 30 on Sunday, with President Joe Biden blaming Iran-backed militants and vowing to hold the perpetrators to account. It is the first time American military personnel have been killed by hostile fire in the Middle East since the war between Israel and Iran-backed Hamas began, and the incident will further raise tensions in the region and add to fears of a broader conflict directly involving Tehran. «While we are still gathering the facts of this attack, we know it was carried out by radical Iran-backed militant groups operating in Syria and Iraq,» Biden said in a statement, pledging to hold «all those responsible to account at a time and in a manner of our choosing.» Later in the day at a South Carolina church banquet hall, the president held a moment of silence for the US troops killed in the attack, then said: «We shall respond.» Hamas spokesman Sami Abu Zuhri called the attack «a message to the American administration that unless the killing of innocent people in Gaza stops, it may be faced with the entire (Muslim) nation.» «The continuation of the American-Zionist aggression on Gaza risks a regional explosion,» Abu Zuhri said. The US Central Command (CENTCOM) said Sunday evening that the attack had hit a logistics support base located at Tower 22, in northeast Jordan, and that it wounded at least 34 service members, eight of whom required evacuation from the country. There are around 350 US Army and Air Force personnel at the base who conduct «a number of key support functions,» including for the international coalition against the Islamic State jihadist group, CENTCOM said. Jordan's government spokesman Muhannad Mubaidin,

Joe Biden vowed retaliation, saying in a statement that “we will hold all those responsible to account at a time and in a manner our choosing." The administration believes a stronger response is warranted than with previous attacks in which Americans were not killed, according to a person familiar with US deliberations. “We shall respond," Biden said later Sunday at a campaign event in Columbia, South Carolina.

Catch Live Market Updates here The US Federal Reserve monetary policy and its first rate decision of 2024, to be released Wednesday, will be keenly watched and is expected to guide the markets. Both the domestic benchmark indices declined around 1.3% in the holiday-shortened week gone by, primarily dragged by weakness in the banking sector.

India, France to strengthen defence ties On the 60th anniversary of diplomatic relations between China and France, Chinese President Xi offered to "break new ground" to give a fillip to bilateral ties between the two countries. Chinese Foreign Minister Wang Yi said they have offered to step up French imports to the country.

Stock Market News: After an extended weekend, this week will see a number of noteworthy events for the domestic equities market, with the budget taking centre stage. Experts note that the finance minister's hint of a low-key, vote-on-account budget, however, points to a lack of big decisions.

Catch Live Market Updates here Both the domestic benchmark indices dropped around 1.3% in the holiday-shortened week gone by. On January 25, the Sensex fell 359.64 points, or 0.51%, to 70,700.67, while the Nifty 50 ended 101.35 points, or 0.47%, lower 21,352.60. Nifty 50 formed a small negative candle on the daily chart with a minor lower shadow.

₹27,664 crore through 25 January. FPIs were sellers in autos and auto ancillary, media and entertainment and marginally in IT.

Three American troops were killed and dozens were injured Sunday in a drone strike in northeast Jordan near the Syrian border, the U.S. military said. President Joe Biden blamed Iran-backed militias for the first U.S.

ISIS." Also Read: America and Iran step closer to the brink of war Austin said that US President Joe Biden and he will not tolerate attacks on American forces, and “we will take all necessary actions to defend the United States, our troops, and our interests." He noted that Iran-backed militias are responsible for these continued attacks on US forces, and “we will respond at a time and place of our choosing." “These brave Americans and their families are in my prayers, and the entire Department of Defence mourns their loss," he said. Also Read: Three US service members killed, many wounded in drone attack on US forces in Jordan: Joe Biden The drone attack represents the initial occurrence of US troops losing their lives to enemy gunfire in the Middle East since the beginning of the Gaza war.

touchdown made Japan only the fifth nation to achieve a soft lunar landing, after the United States, the Soviet Union, China, and India. But after the Smart Lander for Investigating Moon (SLIM) touched down, JAXA had said that it could not confirm that the lightweight craft's solar batteries were generating power. SLIM, which was aiming to hit a very small target, is a lightweight spacecraft about the size of a passenger vehicle.

NEW DELHI, MUMBAI : Amidst a recovery in global steel prices and the upcoming general elections, JSW Steel maintains an optimistic outlook for the domestic steel market for the fourth fiscal quarter, expecting a notable uptick in steel volumes, Jayant Acharya, joint managing director of the company, said in an interview. “I expect the volumes will be better, driven by a seasonally strong quarter. The global steel prices in the last month have improved in the US, Europe, and China, as well as in the Asian regions," he said, adding that the buoyant global prices should translate into better pricing even in the domestic market.