Usa Financial News
11.01 / 18:37
ETF
SEC
security
awards
Bitcoin
track
innovations
A tulip mania in crypto? Can't afford it, says Shaktikanta Das
MUMBAI : The US may have green-lighted exchange-traded funds (ETFs) in bitcoin, but for India’s apex banking regulator, cryptocurrencies remain a strict no-no. “The way we look at crypto remains unchanged, irrespective of who does what," Reserve Bank of India (RBI) governor Shaktikanta Das stated at the 16th Mint Annual BFSI Summit and Awards in Mumbai on Thursday. “Just because somebody is doing something, we are not here to emulate them." The US Securities and Exchange Commission (SEC) on Wednesday approved the first US-listed ETFs to track bitcoin, marking a milestone for the world’s largest cryptocurrency and the broader crypto industry.
11.01 / 17:57
BLOCK
security
Trade
Justice
reports
Department
Investigations
Morgan Stanley to pay under $300 million to settle block trading probe - Bloomberg News
(Reuters) — Morgan Stanley is close to an agreement to pay $200 million to $300 million to settle a U.S. investigation into its employees' handling of big stock sales, Bloomberg News reported on Thursday.
11.01 / 17:51
markets
COST
Digital
Trade
performer
reports
Infosys Q3 results: Tech giant sees ADRs jump by 5% despite decline in net profit
₹6,106 crore in the third quarter of FY24. Despite a significant decline in its net profit, the Infosys shares, listed on the US stock market, jumped as much as 4.9% during the opening trade on Thursday, January 11. India's second-largest IT firm fell below market expectations and reported 1.7% sequential fall in its net profit to ₹6,106 crore on sluggish demand from clients and cut its annual sales forecast.
11.01 / 17:51
UPS
Manufacturing
economy
trends
Trade
country
Relationships
The India-Singapore economic corridor is looking up
India is poised to play a pivotal role in the post-pandemic world order. As the world’s fastest growing large economy, India’s strong fundamentals have positioned it to move from fifth place to third in terms of economic size by 2030. Therefore, it is no surprise that it has built strong commercial relationships with countries across the world and has become a magnet for inbound investments.
11.01 / 17:51
markets
UPS
Sustainability
President
show
reports
Interviews
Rate Cut
Cleveland Fed chief Loretta Mester says March probably too early for a rate cut
Federal Reserve Bank of Cleveland President Loretta Mester said it was premature to consider cutting interest rates as soon as the US central bank’s March meeting, emphasizing that fresh inflation data suggests policymakers have more work to do. “I think March is probably too early in my estimate for a rate decline because I think we need to see some more evidence," Mester, who votes on interest-rate decisions this year, said Thursday in an interview with Michael McKee on Bloomberg TV.
11.01 / 17:51
markets
Target
Analysis
economy
War
shock
Scenario analysis: How will the global economy land this year?
Around this time a year ago, about 85% of economists and market analysts, including me, expected that the US and global economy would suffer a recession. Falling but still-sticky inflation suggested that monetary policy would grow tighter before rapidly easing once the recession hit; stock markets would fall, and bond yields would remain high. Instead, the opposite mostly happened.
11.01 / 17:51
UPS
Analysis
Election
President
show
social
2020
The US has become too unstable a beacon of democracy
The rise of China as a world power and powerhouse of innovation despite an authoritarian political system presents a cognitive challenge to the liberal world order helmed by the US. However, the Western model appears to be creaking under the weight of its own imperfections even without the successful counterpoint posed by China. The US adopted an accentuated market-led growth pattern with the Ronald Reagan era of the 1980s.
11.01 / 17:12
11.01 / 16:43
Manufacturing
Volkswagen
security
Tesla
Hyundai
trends
Trade
fall
Shares fall as Tesla announces increased pay for U.S. workers
Shares of electric vehicle giant, Tesla (NASDAQ:TSLA) are trending down more than 1.5% in pre-market trading Thursday morning after it was announced that the company notified workers at its California car plant of pay increases across its US factories.
11.01 / 16:43
UPS
Apple
Bitcoin
show
track
reports
inflation data
Wall Street's indexes choppy as inflation data dampens rate-cut hopes
By Johann M Cherian and Ankika Biswas
11.01 / 16:43
markets
Target
FIVE
Analysis
International
Natural Gas Approaches Fresh Lows in Europe: Could US Prices Follow Suit?
Recent days in northern Europe have been marked by an onslaught of winter with negative temperatures, leading to a rise in natural gas consumption.
11.01 / 16:43
markets
COST
security
Strategy
Fitch
Research
International
Chesapeake to buy Southwestern for $7.4 billion in all-stock deal
(Reuters) — Chesapeake Energy (NYSE:CHK) said on Thursday it would buy smaller rival Southwestern Energy (NYSE:SWN) in an all-stock transaction valued at $7.4 billion, a deal that would enable the second-largest U.S. natural gas producer to take the top spot.
11.01 / 16:41
Bitcoin Etf
Financial
Non-profit Better Markets Says Bitcoin ETFs Approval Will “Harm Investors, Markets, and Financial Stability”
Better Markets, a non-profit organization that advocates for financial reform and more stringent financial regulations, has come out in stout opposition to the newly-approved spot Bitcoin ETFs.
11.01 / 16:25
COST
UPS
Target
economy
Food
show
reports
U.S. inflation ticks higher in December. What that means for the Fed
Higher energy and housing prices boosted overall U.S. inflation in December, a sign that the Federal Reserve’s drive to slow inflation to its two per cent target will likely remain a bumpy one.
11.01 / 15:52
markets
IPO
ETF
SEC
security
Trade
Bitcoin
USDC stablecoin
USDC Stablecoin Issuer Circle Confidentially Files For IPO
Circle Internet Financial – the issuer of the world’s second-largest stablecoin, USD Coin (USDC) – has quietly filed for an initial public offering (IPO) with federal regulators.
11.01 / 15:03
economics
inflation
US inflation
Global
Market remains bullish on rates cuts despite US inflation uptick
Markets are still predicting the first cut to come from the Fed at its 20 March meeting, with a 61.9% probability, according to the CME FedWatch Tool.
11.01 / 15:01
cryptocurrency
Taxes
Bitcoin
2024
Cryptocurrency and Taxes: A Guide for the 2023-2024 US Tax Season
If one thing in life is certain, it’s that we all have to pay taxes. Therefore, it’s important for cryptocurrency holders and investors to understand everything involved when it comes to crypto and taxes . This is becoming even more critical as digital assets gain mainstream adoption .
11.01 / 15:01
ETF
Polygon
banking
Banks Will Invest in Blockchain When They Make Money from Bitcoin ETF + More Crypto News
Get your daily, bite-sized digest of blockchain and crypto news – investigating the stories flying under the radar of today’s news.
11.01 / 14:59
markets
ETF
SEC
CEO
security
Experts
Bitcoin
Spot Bitcoin ETF: A paradigm shift in the world of cryptocurrencies? Here's what top industry experts make of the move
After a long wait, US markets regulator Securities and Exchange Commission (SEC) finally gave a go-ahead to the spot bitcoin ETFs on Wednesday, a move that led to a massive jump in the bitcoin prices.
11.01 / 14:27
markets
UPS
pandemic
trends
reports
Department
fall
Weekly
jobless claims
US consumer prices rise more than expected in December; weekly jobless claims fall
U.S. consumer prices increased more than expected in December as rents maintained their upward trend, which could delay a much anticipated interest rate cut in March from the Federal Reserve. The consumer price index (CPI) rose 0.3% last month after nudging up 0.1% in November, the Labor Department's Bureau of Labor Statistics said on Thursday. The cost of shelter accounted for the more than half of the increase in the CPI.
11.01 / 14:26
Fox
Election
President
stage
country
2024
US Presidential Election
Donald Trump says, he has already decided on his running mate for US Presidential Election 2024, but won't tell the name
Donald Trump has said that he has already settled on his running mate for the US Presidential Election 2024 if he gets the Republican nomination. But he has refused to name the person. In a televised town hall in Des Moines, Iowa, he said, «Well, I can’t tell you that. I mean, I know who it’s going to be.» Talking to Fox News hosts Bret Baier and Martha MacCallum, he claimed that he has received numerous calls from people eager to work in his potential new administration.
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