Usa Financial News

Federal Reserve Bank of Richmond President Thomas Barkin said a soft landing for the US economy is looking more likely but hardly certain, noting he’d need more conviction about the path of inflation before supporting a rate cut. “A soft landing is increasingly conceivable but in no way inevitable," Barkin, who will vote on policy decisions this year, said in a speech Wednesday.

The Darien Gap, a 106km expanse of dense and dangerous jungle that straddles Panama and Colombia, has become the unlikely route for migrants seeking to get into the US illegally from Latin and Central America. Few roads to El Dorado could be more challenging. Last year, a New York Times reporter Julie Turkewitz and a photographer undertook the journey for a week.

Apple Inc., Amazon.com Inc., Alphabet Inc., Microsoft Corp., Meta Platforms Inc., Tesla Inc. and Nvidia Corp., have slipped for last four consecutive trading days, the longest losing streak in a month, according to the Bloomberg Magnificent 7 Price Return Index. Shares of Apple, down nearly 5% in the time period, lead the slump that’s erased roughly $370 billion in market value.

Federal Reserve Minutes may elaborate on coming rate cut debate, here are 5 things to know "A few" Fed officials said they felt the Fed was approaching a point where the central bank may face a "tradeoff" between its dual goals of controlling inflation and maintaining high rates of employment - the sort of sacrifice policymakers have hoped to avoid in their search for a "soft landing" from the worst breakout of inflation in 40 years. "Participants pointed to the decline in inflation seen during 2023, noting the recent shift down in six-month inflation readings in particular," the minutes said, which through November were running just below the Fed's 2% target.

By Lucia Mutikani

Although the sector closed the year in positive territory, investment trust performance was 'well behind' US and global equity market indices.

The cryptocurrency market is experiencing a sharp selloff, with Bitcoin leading the downturn following a recent analysis by Matrixport suggesting the SEC will likely reject all Bitcoin spot ETF proposals this month.

Dogecoin (DOGE) is down sharply on Wednesday, with the price having dipped around 10% over the past 24 hours, in line with a broader sell-off witnessed across the crypto market.

Analysts at Jefferies upgraded London-listed shares of GSK (GSK) to Buy and downgraded AstraZeneca (NASDAQ:AZN) to Hold in a note covering European Pharmaceutical stocks on Wednesday. The GSK price target was lifted to 1,900p from 1,550p per share, while the AZN price target was cut to 11,000p from 12,500p.

The EUR/USD’s sluggish start to the year continued in the first half of Wednesday’s session, with investors showing a preference for the US dollar ahead of key data releases from the world’s largest economy.

Supreme Court on Wednesday delivered its judgment on a cluster of petitions seeking an 'independent investigation' into allegations, levelled by US short-seller Hindenburg Research, related to stock manipulation and accounting fraud against the Adani group of companies. By refusing to transfer the ongoing Sebi probe to a special investigation team (SIT), the apex court has backed the domain authority of the markets regulator and reposed faith in it to see the matter to a conclusion. Any closure, as the court reminded, to the ongoing investigation would come after Sebi completes its investigations, for which it has now got an extended deadline by three months.

Harvard president Claudine Gay on Tuesday, following bitter criticism of her appearance at a congressional hearing in early December, has fired a debate in the US on campus antisemitism. She goes along with U Penn president Elizabeth Magill who quit last month, and with pressure growing on their MIT counterpart, Sally Kornbluth, to follow suit. Gay and Magill are collateral damage of the Israel-Hamas war.

Solana (SOL), the native cryptocurrency of the high layer-1 Solana blockchain protocol, has seen a massive 16% bounce from intra-day lows in the $85 area, and was last trading slightly back to the north of the psychologically important $100 level.

Israel-Hamas war: The United States is risking its position on the global stage as it decides to back Israel in its war against Gaza. But, serious disagreements seem near as Israel plans to push Palestinians out of Gaza and called for Israeli settlers to return to the region.

Al Jazeera. “The current number of the injured is 141, some of whom are critically injured," he said. ALSO READ: Iran terror attack LIVE Footage suggested that the second blast occurred some 15 minutes after the first while people were present at an event honouring a prominent Iranian general Qasem Soleimani who was slain in a US airstrike in 2020.

The NSE Nifty 50 index fell 0.69% to 21,517, while the S&P BSE Sensex shed 0.75% to 71,356. Here's how analysts read the market pulse: «Nifty formed a bearish candle with a substantial body in the daily chart. The Donchian Channels, which identify bullish and bearish extremes, indicate that Nifty is holding its middle band. Key support levels are identified at 21,400, while resistance is placed at 21,700 levels,» said Om Mehra, Technical Analyst, SAMCO Securities. Rupak De, Senior Technical Analyst at LKP Securities, said, «Nifty dipped below the support level of 21,650, resulting in a decline towards 21,500. The prevailing sentiment appears weak, highlighted by the index closing below the crucial support at 21,650. If it continues to drop below 21,500 in the upcoming days, it could potentially exacerbate the negative sentiment, especially with expectations of substantial unwinding by the put writers below 21,500. The broader market outlook suggests a sell-on-rise strategy as long as it stays below 21,650.» That said, here’s a look at what some key indicators are suggesting for Thursday's action:

Shipping major MSC in a client advisory announced that it will implement a contingency surcharge of $1,500 per container on all shipments from the Indian sub-continent to Europe and Black Sea destinations. CMA CGM announced a similar Red Sea surcharge of $1,575 for 20-foot dry containers and up to $3,000 for reefer containers and special equipment. Other major shipping lines too have announced such surcharges.

Iran terror attack LIVE: Amid the twin explosions in Iran's Kerman – about 820 kilometers (510 miles) southeast of Tehran – Iran officials have called it a terrorist attack.Mohammad Saberi – the head of Kerman’s emergency services – has confirmed to state media that more of the critically injured in the blasts have now died, bringing the total number of dead to 103, adding over 141 are wounded and the numbers may rise.Meanwhile, an emergency has been imposed in all the hospitals of the province.Iran’s head of Judiciary, Gholam Hossein Mohseni-Ejei, has released a statement He had said, as quoted by Al Jazeera, “The agents and perpetrators of this grievous crime will undoubtedly be punished."“Responsible intelligence, security and law enforcement agencies are obligated to promptly pursue all the evidence and perpetrators and hand them over to the Judiciary."No outfit has claimed responsibility of the attack as of yet.As per details, the explosions took place in quick succession near the grave of Iranian general Qasem Soleimani, as the country marked the anniversary of his killing in a US drone strike in Iraq.Iran’s Interior Minister Ahmad Vahidi said that the initial explosion took place at 3.00 pm local time, with a subsequent explosion occurring after people had assembled to assist in the aftermath of the first incident, adding, the majority of casualties resulted from the second explosion.Here are the live updates.Iran terror attack LIVE: Russian President Vladimir Putin on 3 January condemned the Iran blasts and referred to it as 'shocking in cruelty and cynicism', reported AFP.Iran terror attack LIVE: Iran declared Thursday a day of mourning following twin blasts that killed at least 103 people near the grave of

Dow Jones Industrial Average slid 0.4 percent to 37,571.60, while the broad-based S&P 500 Index lost 0.5 percent to 4,718.88. The tech-heavy Nasdaq Composite Index retreated 0.6 percent to 14,670.94. "It's kind of a pullback across markets.

Social reformer. Trailblazer. Although it did not include any bloodshed or body count, the revolution led by Savitribai Phule is no less monumental than India’s struggle for Independence.

improvement in factory employment. The Institute for Supply Management (ISM) said on Wednesday that its manufacturing PMI increased to 47.4 last month after being unchanged at 46.7 for two straight months. It was the 14th consecutive month that the PMI stayed below 50, which indicates contraction in manufacturing. That is the longest such stretch since the period from August 2000 to January 2002.