Usa Financial News

Retail inflation fell to a 7-mth low of 3.6% in February, driven by falling vegetable prices, official data showed on Wednesday. But the pre-Holi gains are likely to be short-lived with heatwaves predicted in the country as early as March. Vegetables have been the main driver of inflation in the last 12 months, and the correction is set to reverse when winter stocks run down.

The February budget deficit was more than $307 billion, almost two and half times higher compared to January and 3.7% more than the same time last year, CNBC reported.

Harvard University terminated a librarian this month who ripped down a poster of Israeli hostages at a pro-Palestine rally, while Yale University’s law school placed a pro-Palestinian research scholar on leave over allegations that she has ties to a group subject to US sanctions. At Cornell University, a group called Students for Justice in Palestine faces suspension after disrupting a “Pathways for Peace” event on campus this week, and the University of California at Los Angeles —- rocked last year by anti-Zionist rallies and accusations of mistreatment of Jewish students — created a new initiative to combat antisemitism. Columbia University, the scene of some of the most dramatic protests against Israel last year, said the school will transform its approach to managing demonstrations.

Craig Robinson to launch IMO, a video podcast for candid discussions and celebrity guests. Lately, Michelle Obama is opening up about the White House struggles and the difficulties of being a president's wife on the podcast. Despite their outward displays of unity, she talks about Barack Obama's friendships, his persistent tardiness, and the difficulties of following him to the White House in her new podcast, IMO, as per a reports. The pair continues to publicly support one another even though their marriage is still being questioned.

Teyana Taylor and former NBA player Iman Shumpert's divorce is officially coming to an end. They are now making headlines for their multi-million dollar settlement. The agreement between the couple was finalized in June 2024. Taylor will be rewarded with significant assets in the agreement, including luxurious properties and automobiles. Shumpert has agreed to provide substantial child support payments for his two daughters. Details of their personal lives continue to garner a lot of public attention, but the couple have shown resilience and dedication to their children. They have agreed on co-parenting their daughters.

White House Press Secretary Karoline Leavitt is making headlines, not just for her political role but also for her ability to balance motherhood and a high-level career. On Tuesday, White House press secretary Karoline Leavitt brought her eight-month-old son Nicholas to work so she could attend the inaugural MAHA Commission Meeting, as per a report. As she brought her eight-month-old son Nicholas to a White House meeting, fans praised her as the embodiment of the "American dream." Her role in the administration, combined with her ability to balance work and motherhood, has sparked both praise and criticism—particularly following a heated discussion about Donald Trump's tariff policies.

Donald Trump has “big” plans for the U.S. economy — a smaller public sector, overhauling global trade so that it benefits Americans and new tax policies that aim to spur growth.

U.S. investors shrugged off worries about an intensifying trade war and bought US$3.5 billion worth of bonds from the Canadian government at typical valuations on Tuesday.

retaliatory tariffs until Washington shows respect.

200% wine tariff on all wines and other alcoholic products coming out of EU countries if the bloc did not remove its tariff on whiskey. «The European Union, one of the most hostile and abusive taxing and tariffing authorities in the World, which was formed for the sole purpose of taking advantage of the United States, has just put a nasty 50% Tariff on Whisky,» Trump wrote in a post on Truth Social. «If this Tariff is not removed immediately, the U.S. will shortly place a 200% Tariff on all WINES, CHAMPAGNES, & ALCOHOLIC PRODUCTS COMING OUT OF FRANCE AND OTHER E.U.

«The poorest households in Slovenia and Malta are now better off than those in the UK,» the report states, attributing this decline to stagnating real incomes since the 2008 financial crisis. While other European countries have seen steady income growth, the UK has fallen behind.

$5,000 stimulus checks in their bank accounts, because of the DOGE dividend proposal. The plan, which is being considered by the Trump administration, would give 20% of the savings from DOGE to taxpayers in the form of $5,000 checks, The Sun reported. Billionaire Elon Musk, the driving force behind DOGE, or the Department of Government Efficiency to reduce federal expenditure, has pledged to save US taxpayers $2 trillion, according to reports. The suggestion to return part of these savings to American consumers was initially brought forth by James Fishback, the CEO of investment firm Bay West Capital and has gained the attention of US president Donald Trump and Musk.

Prakash Karat said on Thursday, as he called for improving relations with China as a balancing factor. In an interview with PTI, Karat, the Interim Coordinator of the Communist Party of India (Marxist), said India does not need to be allies with China, but improving relations with the northern neighbour will help India's position in a multipolar world. Amid ongoing tariff dispute with the US, he said in 2008, when the Left parties withdrew support from the United Progressive Alliance (UPA) government over the Indo-US Civil Nuclear deal, the move was seen only in context to the deal. However, over the years, it led to strategic relations developing in a way that today the Trump administration is trying to «extract» deals from India. Karat, who served as the general secretary of the party from 2005-2015, was at the helm when the CPI(M)'s withdrawal of support from the UPA government led to the alliance government facing a strength test in Parliament, which it survived though with the backing of the Samajwadi Party. «People saw our opposition to the India-US nuclear deal only within the framework of that civil nuclear deal. We saw it in a wider perspective because the real thing was America was saying we will give you this nuclear deal, we will remove all those earlier restrictions and prohibitions which were there… But the quid pro quo was that you come into a military and defence agreement with us, which we entered into — the ten year military framework agreement,» Karat told PTI.

Dr. Reddy’s Laboratories is recalling Lot No: A1540076 of Levetiracetam 0.75% Sodium Chloride Injection, 1,000 mg/100 mL, single-dose infusion bags in the United States. The product is being recalled because the infusion bag is incorrectly labeled as Levetiracetam in 0.82% Sodium Chloride Injection 500 mg/100 mL single-dose bag, while the aluminum overwrap packaging correctly identifies the product as Levetiracetam in 0.75% Sodium Chloride Injection 1,000 mg/100 mL. Patients who are administered the mislabeled product will likely experience adverse events, as per the risk statement issued by the company. Because the infusion bag is labelled as 500 mg/100 mL but actually contains 1,000 mg/100 mL dose, the patient could receive double the dose of intravenous levetiracetam than intended which could lead to immediate and serious side effects including hypersensitivity reactions, liver injury, hematological toxicity, somnolence, fatigue, dizziness, coordination difficulties, agitation, aggression, depressed level of consciousness, respiratory depression, and coma, as per the company.

Canadian Imperial Bank of Commerce appointed Harry Culham to succeed chief executive Victor Dodig, who will retire in November after leading the nation’s fifth-largest lender for more than a decade.

Members of Canada’s dairy industry say they’re less worried about the threat of steep United States tariffs than about a looming battle over supply management.

Subscribe to enjoy similar stories. The US-India economic partnership is the envy of many. But our joint mission of achieving $500 billion in bilateral trade by 2030 stands on shaky ground.

Subscribe to enjoy similar stories. India’s auto industry is booming, with annual vehicle sales surpassing 4 million, making it the world’s third-largest car market. The Nifty Auto Index has surged, delivering a 36% compound annual growth rate (CAGR) from pandemic lows, significantly outperforming the broader Nifty 50.

Piyush Goyal on Thursday urged the creative industry to take India's story to the world and contribute further to the economic growth. He emphasised putting trust and authenticity at the centre of their work and taking responsibility and accountability for the output they generate.

US equity correction may be over, with credit markets indicating a lower risk of recession, according to JPMorgan Chase & Co. Credit markets, which were proven right on multiple occasions over the past two years, “are once again more dismissive of US recession risks than equity or rate markets,” strategists including Nikolaos Panigirtzoglou and Mika Inkinen wrote in a note dated Wednesday.

Gensol Engineering, in its meeting today, approved a 1:10 stock split along with a fundraise of $50 million through the issuance of Foreign Currency Convertible Bonds (FCCBs), American Depository Receipt, Global Depository Receipt and/or other global listed/unlisted securities with options of conversion into equity shares of company. The company announced that it will split its existing equity shares from a face value of Rs 10 per share to Re 1 per share, effectively increasing the number of outstanding shares tenfold.