Usa Financial News

oil market appears to be bracing for a weeks-long disruption to shipping in the southern Red Sea, where Houthi militants have for months been attacking merchant vessels in response to Israel's war in Gaza. Charters of tankers to haul crude and fuels — which for some vessels are arranged up to a month in advance — reveal growing numbers of the vessels are being hired for routes that will avoid the danger zone, according to shipowners, brokers and traders.

Joe Biden said on Friday it was still possible Israeli Prime Minister Benjamin Netanyahu could agree to some form of Palestinian state, after the two leaders spoke for the first time in nearly a month amid tensions over the Gaza war. Their call came a day after Netanyahu said he opposes allowing Palestinian sovereignty in the wake of the conflict with Hamas, deepening Israeli divisions with key backer Washington over the conduct of Israel's offensive and what comes next. But Biden said after the call that it was not impossible Netanyahu might come round to some form of so-called two-state solution, mooted for decades as a way to end tensions in the Middle East, despite the Israeli premier's comments. «There are a number of types of two-state solutions. There's a number of countries that are members of the UN that… don't have their own militaries,» Biden told reporters.

A travel advisory was issued by NYC Emergency Management on Friday. In the morning, the snow started to fall in the Big Apple, and within the time of the precipitation moving out, over half an inch of snow fell across the boroughs of the city. According to reports, 0.4 inches had fallen in Central Park.

Israel-Hamas war are being felt in Syria, which has been targeted by air raids and other attacks launched from several countries. On Saturday, Israel launched its second high-profile targeted assassination in the country in less than a month, killing the Iranian Revolutionary Guards' spy chief for Syria and three other Guards members.

Lionel Messi announced he was joining Inter Miami last summer, the administrators of US football hoped his glamor and skills would attract more fans and revenues to Major League Soccer. American fans, meanwhile, hoped his prestige would lure more world-class talent to the league. They reasoned that if the MLS was good enough for the Argentinian superstar — his claim to being the GOAT enhanced by a newly acquired FIFA World Cup winner’s medal — then surely it was good enough for the other greats of the game, from Europe, Latin America and Africa.

The Commodity Futures Trading Commission (CFTC) has charged digital asset platform Debiex for engaging in a deceptive scheme known as “pig butchering,” which resulted in the loss of $2.3 million from investors.

Federal Open Market Committee is widely expected to hold interest rates steady for the fourth straight meeting when it gathers in Washington on Jan. 30 and 31. The real focus though will be on what lies ahead, at the FOMC’s March meeting and beyond.

Toronto-Dominion Bank took the top spot as Canada’s most valuable brand in 2024, according to an annual report by consultant Brand Finance PLC.

Also Read: ‘Oil markets well supplied’, says IEA as it raises 2024 global demand forecast; projects lower than OPEC The premium of the first-month Brent contract to the six-month contract rose to as much as $2.15 a barrel on Friday, the highest since November. This structure, called backwardation, indicates a perception of tighter supply for prompt delivery. Back home, on the Multi Commodity Exchange (MCX), crude oil futures due for a February 16 expiry, settled 0.28 per cent higher at ₹6,045 per bbl, having swung between ₹6,084 and ₹6,213 per bbl during the session, against a previous close of ₹6,106 per barrel.

As the weekend unfolds, Bitcoin (BTC) has seen a notable uptick, trading at $41,700 with nearly 1.40% increase on Saturday. Despite this positive momentum, skepticism remains as The New York Times maintains a cautious stance on Bitcoin’s prospects. Adding to the wary outlook, the RBI Governor has flagged cryptocurrencies as a risk to the stability of the Indian Rupee, urging investors to proceed with caution.

PayTm Insider. However, netizen reported a delay in the show and expressed disappointment. Some social media users said on X that shutters of the venue were down even at 8 pm.

₹13,047 crore worth of Indian equities and the total inflow stands at ₹134 crore as of January 19, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL) data. FPIs were big players in financial services and information technology (IT), according to analysts. "There is a sudden change in the strategy of the FPIs starting 17th January.

UFC 297 is taking place today as Sean Strickland is all set to take on Dricus du Plessis in the UFC middleweight title. UFC 297 will be aired as pay-per-view and in the US the event can be seen ESPN+, and ESPN PPV. UFC 297 will start at 6 pm (ET) on Saturday, January 20. Prelims will start at 8 pm (ET) and main card is likely to commence 10 pm (ET) at Scotiabank Arena.

Warner Bros.'s family-friendly hit 'Wonka' may be released online and be available for streaming sooner than expected. Starring Timothee Chalamet as the young Willy Wonka, the musical arrived in theaters before the holidays. It was supported by the audience. A month after the film's theatrical debut, Warner Bros. UK has revealed the expected date on which Wonka becomes available for audiences to revisit at home.

Nifty Bank index snapped its 4-day losing streak on Saturday to close in the green, above the psychological resistance of 46,000. The index rose over 350 points while the Nifty50 closed 50 points lower at 21,571 on Saturday. “Amid rising optimism about AI, US markets surged over the weekend. However, domestic markets exhibited a subdued trend influenced by extended holidays, low volumes, and weekly options expiration,” said Vinod Nair, head of research at Geojit Financial Services. “Profit-booking was noted in IT and FMCG, while private banks witnessed selective buying post the recent sharp correction and stable Q3 earnings,” he said. The rally in the Nifty Bank index was led by gains in PNB, Kotak Mahindra Bank, IDFC First Bank, AU Small Finance Bank, among others. Some selling was seen in IndusInd Bank and Federal Bank. The Nifty Bank opened higher, but the momentum fizzled out soon, which took the index towards 45,640.

₹8.51 trillion, in a freewheeling chat with Mint's Ram Sahgal. Edited excerpts: As of now, the market is supported by strong fundamental, macroeconomic, and supply-demand factors, with any potential headwinds likely stemming from global issues, be it geopolitical or macroeconomic shifts, such as a slowdown in the US. From an earnings perspective, we will see decent growth in fiscal year 2024-25 (FY25), but the pace will be slow when compared FY24, which was a normal year post the pandemic shock .

Since its formal iteration by Prime Minister Modi at the Shangri-la dialogue in 2018, India’s Indo-Pacific policy has undergone transformative changes. Almost six years down the road, today, it is not only seen as an ambitious outreach campaign but also a tool for India’s strategic recalibration with Indo-Pacific countries. Navigating systemic and strategic constraints, a rising power India has made good attempts in both making friends and alliance building, as well as in managing intense rivalries with China and Pakistan. From a Valluvarian perspective, adeptness at balancing the complexities of super power competition and regional conflicts, can be seen as the essence of India’s Indo-Pacific gambit.

Memphis residents were urged to boil water and New Yorkers have been warned that roads could be covered with dangerous black ice this weekend as brutal cold and inclement weather continue to sweep across parts of the U.S.Bitterly frigid air spilled into the Midwest from Canada on Friday and several states were under advisories as forecasters warned that wind chills dipping to minus 30 degrees Fahrenheit (minus 34 degrees Celsius) could be common through Sunday morning.

Mizuho economists have based their 2024 outlook on a dramatically contrarian perspective — the Federal Reserve won’t cut rates this year.

By Andrea Shalal

By Gram Slattery