Usa Financial News

Also Read: Dalal Street bleeds: Mcap of these 5 private sector banks declines by ₹1.44 lakh crore in a day On Tuesday (January 16), HDFC Bank released its December quarter numbers (Q3FY24), missing the street estimates in deposit and liquidity metrics. The rising cost of funds and tight liquidity have impacted the NIMs. The bank reported a drop in net interest margin (NIM) on total assets to 3.4% from 3.65% in the previous quarter (Q3FY23).

Mint. The executive added that while the second A350 is joining the fleet this month, the total of six A350 deliveries will be completed by March. The airline is prioritizing ample training time for pilots, planning domestic A350 operations for the next five to six months.

Indian Space Research Organisation's (ISRO) Vikram lander on the lunar surface, NASA said in a press release. The ISRO said on Friday that an instrument on the Chandrayaan-3 lander has started serving as a location marker near the lunar south pole.

In a dynamic turn of events, Bitcoin’s price plummeted to $40,930, marking a significant nearly 4% decrease as of Friday. This downturn comes amid a broader context of financial uncertainty, where the US Dollar is poised for a consecutive weekly rise due to subdued expectations for interest rates. Adding to the complexity of the crypto market, Fidelity’s anticipated Ether ETF faces delays, attributed to a surge in investor demand for more leveraged Bitcoin ETFs.

PM Modi gets emotional discussing PMAY-Urban houses completion in Maharashtra PM Modi is in Maharashtra's Solapur today where he laid he foundation stone of 8 AMRUT (Atal Mission for Rejuvenation and Urban Transformation) projects worth around ₹2,000 crore in the state. He kickstarted the distribution of 1st and 2nd installments to 10,000 beneficiaries of PM-SVANIDHI in the state during the programme.

(Reuters) — Microsoft-backed OpenAI has signed a deal with Arizona State University as the ChatGPT owner looks to expand its partnerships beyond technology and media firms.

Investing.com — The U.S. dollar edged lower in early European trading Friday, but was on track for a second consecutive weekly gain on renewed doubts over early rate cuts by the Federal Reserve, while weak retail sales hit sterling.

On Jan. 5, a few hundred linguists gathered in a ballroom in midtown Manhattan to mull various nominations for the American Dialect Society’s 2023 Word of the Year. As chair of the society’s new words committee, I oversaw the lively colloquy, which attracted many members of the group and the larger Linguistic Society of America.

Rahul Jain, President and Head of Nuvama Wealth believes that reviving the rural economy, which has slowed down due to deficient monsoon, will be the government's focus in the Interim Budget 2024. He also expects more sectors to fall in the ambit of PLI. In an interview with Mint, Jain also shared his views on markets and the sectors he is positive about.

US, on Thursday (local time), avoided answering a question regarding whether Pakistan had engaged in prior consultations with Washington before carrying out retaliatory air strikes on Iran. In response to media reports suggesting that Pakistan consulted with the US before conducting the strikes in Iran, State Department Spokesperson Matthew Miller, during a routine press briefing in Washington, stated, “I do not have any private conversations to read out." Also Read: Pakistan-Iran News LIVE Miller said, “The US is concerned about the escalating tensions in the region and has urged restraint on all sides." He stressed there is no need for escalation in the matter and that the country has noted the Pakistani government's comments about the importance of “cooperative relations between Pakistan and its neighbours." In response to a question on how the US administration reads the situation between Iran and Pakistan, Miller said, “We are concerned about escalating tensions in the region.

HDFC Bank Ltd., the country’s biggest private sector lender. A gauge of the country’s top 12 largest banks is set for its worst week since September, erasing nearly $21 billion in market value through Thursday’s close. Two-thirds of that bruising loss came from HDFC Bank, whose quarterly numbers showed falling net interest margins and weaker deposit growth.

Stock market today: Infosys shares have been in uptrend after the announcement of Q3 results 2024 on 11th January 2024. Extending its bull trend for yet another session during Friday morning deals, Infosys share price today opened upside and went on to touch an intraday high of ₹1,665.50 per share on the NSE, which turned out its new 52-week high.

Do Kwon’s lawyer has argued that Terraform Labs’ co-founder should be extradited to South Korea and not the United States. The statement comes as a response to extradition requests from both countries, with Kwon currently in detention in Montenegro.

South Korea‘s Presidential Office has recently proposed reconsideration for the approval of a local spot Bitcoin exchange-traded fund (ETF).

BSE also jumped about a per cent. Around 10:15 am, the Nifty 50 was 0.83 per cent up at 21,639.40 while the Sensex was also 0.84 per cent up at 71,785.22. Here are five key reasons that appear to have given a boost to the market: Positive global cues gave a boost to the domestic market sentiment.

The number of Americans applying for unemployment benefits last week fell to its lowest level in more than a year, underscoring the resilience of the labor market amid elevated interest rates

Bitcoin exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC) has sent ripples of excitement through the global crypto community. This milestone has been heralded as a game-changer, with industry experts anticipating significant shifts in the market dynamics. Edul Patel, CEO & Co-founder of Mudrex, asserts, «The SEC's approval of Bitcoin spot ETFs will attract institutional investors who were previously cautious due to regulatory concerns. There will be increased institutional interest which could further lead to higher liquidity and more stability in the market, which may have a global impact, including in India.» Positive developments in the US crypto space often have a ripple effect on global market sentiment. Edul emphasizes that «As the SEC's approval is now seen as a vote of confidence in the legitimacy and maturity of the crypto market, this is set to boost confidence among investors worldwide. As regulatory bodies are also monitoring the global regulatory trends, it is likely that regulators in India might adjust the policies or approach towards crypto-related financial products.» While the immediate effects might be evident in the Bitcoin market, the legitimization of crypto investment through regulated spot ETFs has broader implications. Edul Patel notes that this could attract a diverse investor base, encouraging increased capital flows across various cryptocurrencies. Notably, major players like BlackRock have already filed for Ethereum spot ETFs, and the industry is eagerly awaiting potential approvals in this space.

North Korea has conducted a test of its underwater nuclear weapons system in a protest against this week's joint military drills by South Korea, the United States and Japan, state media KCNA said on Friday. The test of the «Haeil-5-23» system, a name North Korea has given to its nuclear-capable underwater attack drones, was carried out by the defence ministry's think tank in the waters off its east coast, the report said, without specifying a date. «Our army's underwater nuke-based countering posture is being further rounded off and its various maritime and underwater responsive actions will continue to deter the hostile military manoeuvres of the navies of the U.S. and its allies,» an unnamed spokesman of the ministry said in a statement, according to KCNA. The navies of South Korea, the United States and Japan staged this week three-day joint drills until Wednesday, alongside the U.S.

Bitcoin slid to the lowest since mid-December as the speculative demand for the token sparked by hype about new exchange-traded funds dissipates, leaving the cryptocurrency in the red since the start of 2024. The largest digital asset briefly flirted with a drop below $40,000 before trading at $41,160 as of 6:30 a.m. Friday in Singapore, a decline of 3% in the past 24 hours. Smaller tokens like Ether, Solana and Polkadot also struggled. Bitcoin surged 157% last year on optimism about the eventual Jan. 11 launch of the first US exchange-traded funds to directly hold the token. Digital assets also got a tailwind from bets on looser monetary policy. Traders are now assessing how much money the ETFs attract and paring expectations for interest-rate cuts. “This type of correction after a significant run-up is normal for Bitcoin,” said Greg Moritz, co-founder at crypto hedge fund AltTab Capital.

The United States Securities and Exchange Commission (SEC) has postponed its ruling on Fidelity’s spot Ethereum exchange-traded fund until March 5th, a new court filing reveals.

AI optimism drove gains in Nvidia and other chipmakers. U.S.-listed shares of Taiwan Semiconductor Manufacturing (TSMC) soared nearly 10% after the world's largest contract semiconductor maker projected 2024 revenue growth of more than 20% on booming demand for high-end chips used in artificial-intelligence applications. Heavyweight chipmaker Nvidia rose 1.9% to a record high, and it was the most-traded company on Wall Street, with almost $28 billion worth of shares exchanged. Rival Advanced Micro Devices rose 1.6% and also notched a record high. Broadcom, Qualcomm and Marvell Technology gained more than 3% each.