Usa Financial News
29.12 / 15:51
Digital
Cooper
Manufacturing
CEO
Landmark
economy
President
2023 epochal year for India-US ties: USISPF chief Mukesh Aghi
defence synergy and trade links in 2024 and remain steadfast in securing a free and open Indo-Pacific region. In a statement issued on Thursday, Mukesh Aghi, the President and CEO of the US-India Partnership Forum (USISPF) also said that as the world moves into 2024, now the fastest-growing major economy and the most populous nation in the world has a «bolder vision.
29.12 / 15:19
show
country
reports
reserves
India's forex reserves hit over 21-month high; jump $4.47 billion to $620.4 billion: RBI
Also Read: India's April-November fiscal deficit at ₹9.06 lakh crore, exceeds 50% of full year budget estimates In October 2021, the forex kitty had reached an all-time high of $645 billion. At over $620 billion, the reserves are just $25 billion off the peak. The reserves took a hit as the central bank deployed the kitty to defend the rupee amid pressures caused majorly by global developments since last year.
29.12 / 15:16
Reuters
Boeing
SpaceX
information
2020
reports
testing
US military's secretive X-37B robot spaceplane launched atop SpaceX Falcon Heavy rocket | 5 key facts to know
the successful liftoff, SpaceX tweeted, "Falcon Heavy launches USSF-52 to orbit from Florida." According to AFP, the US released little information about the space drone and its mission, which was initially scheduled for December 7. Meanwhile, SpaceX only cited the Pentagon's mission code name -- USSF-52 -- in its statement on the launch. The X-37B US space drone is about the size of a small bus and resembles a miniature space shuttle.
29.12 / 14:28
FIVE
Manufacturing
Pfizer
Patrick
Healthcare
President
medicines
Exclusive-Drugmakers set to raise U.S. prices on at least 500 drugs in January
By Michael Erman and Patrick Wingrove
29.12 / 14:27
Ethereum
ETF
SEC
VanEck
2024
SEC Delays Decision on Ether ETFs to May 2024, Impacting Key Proposals
The United States Securities and Exchange Commission (SEC) has stated that it would postpone its judgment on various exchange-traded funds (ETFs) that are based on Ether (ETH) until May 2024. This is a big event for the cryptocurrency sector. There are major exchange-traded fund (ETF) proposals that are impacted by this delay. These include the Grayscale Ethereum Futures ETF and the Hashdex Nasdaq Ethereum ETF.
29.12 / 14:26
Provident
Aware
Action
information
Virginia Tech Study Reveals Geographic Biases in ChatGPT's Environmental Justice Information
A recent study by researchers at Virginia Tech has brought to light potential geographic biases in ChatGPT, an advanced artificial intelligence (AI) tool. The study, which focused on environmental justice issues, revealed significant variations in ChatGPT's ability to provide location-specific information across different counties. This finding underscores a critical challenge in the development of AI tools: ensuring equitable access to information regardless of geographic location.
29.12 / 14:25
Target
Binance
Digital
CEO
Platform
Action
Discover
US Court Orders Binance and Changpeng Zhao to Pay $2.7 Billion in Settlement with CFTC
Binance, the largest cryptocurrency exchange in the world, and Changpeng Zhao (CZ), the company's former chief executive officer, have been ordered to pay a hefty financial penalty according to the United States District Court for the Northern District of Illinois. A significant enforcement action that was begun by the Commodity Futures Trading Commission (CFTC) has been brought to a successful conclusion by this ruling.
29.12 / 14:23
FIVE
Platform
Action
Bitcoin
consequences
2024
Taiwanese Authorities Caution Against Crypto Betting for 2024 Presidential Election
In light of the fact that Taiwan is getting ready to hold its presidential election on January 13, 2024, a crucial advice has been given to the people of Taiwan about betting on cryptocurrencies. A thorough investigation into the use of cryptocurrency platforms for betting on the result of the presidential election has been begun by the authorities in Taiwan. This inquiry has brought to light the ethical and legal considerations that are associated with such behaviors.
29.12 / 14:03
Merit
Action
Pool
President
reports
Colleges
Ivy Central's Class of 2028 Secures Impressive Early Wins at Top US Colleges and Universities
[Dubai], [29th Dec 2023] – As the initial rounds of college admissions decisions have been released, Ivy Central, a distinguished college counseling program, has announced its early successes for the 2023/2024 college admissions cycle. Ivy Central's Class of 2028 has secured early wins at over a dozen Top Tier institutions, demonstrating the program's commitment to mentoring students toward outstanding placements.
29.12 / 13:32
Tether
Foreign exchange
China Tightens Grip on Cryptocurrency Trading, Targets Use of Tether in Foreign Exchange
Chinese authorities have issued a stern directive for an enhanced crackdown on the use of cryptocurrencies, emphasizing their role in illegal foreign exchange trading as part of ongoing efforts to mitigate financial risks.
29.12 / 13:11
Target
Uber positive catalysts priced in, Nomura cuts to hold
Uber (NYSE:UBER) was cut to Neutral from Buy at Nomura on Friday, with analysts increasing the price target on the stock to $62 from $59 per share in a note Friday.
29.12 / 13:01
Manufacturing
Apple
Micron
AMD
country
electronic
testing
The year when the Make-in-India lion started roaring: Top 10 ventures
The toy sector is a small part of the local manufacturing industry India is now trying to build to take advantage of global supply chains shifting from China, generate jobs for its huge youth population and become self-reliant in manufacturing as well as an export powerhouse. From telecom to auto to defence to semiconductors, India is subsidising local manufacturing in more than a dozen sectors. According to a BCG study on global manufacturing shifts, India enjoys a strong advantage in direct manufacturing costs as an export platform.
29.12 / 12:52
NVIDIA
country
NVIDIA launches a less powerful chip in China, complies with US rules
NVIDIA (NVDA) has launched a less powerful version of its latest graphics product for the Chinese market, to comply with export controls imposed by the US government.
29.12 / 12:51
Reuters
Manufacturing
Software
Microchip
show
country
Special Report-U.S. wants to contain China's chip industry. This startup shows it won't be easy
By John Shiffman and Joshua Schneyer
29.12 / 12:50
Target
2024
Russia's Avtovaz to increase car production to 500,000 in 2024
MOSCOW (Reuters) — Russia's state-run carmaker Avtovaz said on Thursday it plans to increase production of its Lada-brand cars to 500,000 next year after targets for 2023 were hit by U.S. sanctions.
29.12 / 12:44
Twitter
CEO
Platform
Tesla
Limelight
SpaceX
President
elon
Elon Musk named Scoundrel of the Year 2023 by The New Republic
Elon Musk has been named The New Republic’s 2023 Scoundrel of the Year. The Tesla CEO has been in the news since after he decided to sink a whopping $44 billion into buying Twitter, later renaming it as ‘X’. Elon Musk over the past year has garnered the impression that he has an “unquenchable desire to be the center of attention", according to The New Republic.
29.12 / 12:01
29.12 / 12:00
29.12 / 11:23
Provident
FIVE
Gap
Fighting
economy
Death
track
David Rosenberg: Why the so-called soft landing is just the calm before the storm
As we exit 2023, all I can think of is how it was a year replete with dichotomies and divergences. An unprecedented gap emerged between real gross domestic product growth, which signalled a soft landing had been successfully engineered by the United States Federal Reserve, and real gross domestic income growth, which provided support to the minority view that a recession had arrived.
29.12 / 10:38
Citi
Target
Discover
track
reports
NASA relaunches spacecraft to study 'God of Chaos' asteroid Apophis | Here's why
OSIRIS-REx is now "already well on its way with a new name to explore a new destination (Apophis)", the NASA said. In a statement on December 22, the US space agency said, "The former OSIRIS-REx spacecraft sets off on a (seven-year, 4 billion-mile journey) journey to study asteroid Apophis and take advantage of the asteroid’s 2029 flyby of Earth, the likes of which hasn’t happened since the dawn of recorded history." When Apophis was discovered in 2004, the asteroid was gained notoriety as one of the most hazardous asteroids that could impact Earth.
29.12 / 10:27
Digital
CEO
Action
Strategy
Software
PINK
reports
2023 Year in review: how layoffs hit technology and startup workers
Layoffs.fyi, more than 1,150 tech companies fired over 260,000 people in 2023. A combination of factors such as central banks hiking interest rates to counter inflation, macroeconomic headwinds forcing tech clients to cut spending, continuous geopolitical uncertainties, and a prolonged funding winter forced startups and tech firms to recalibrate their strategies. With 2023 drawing to a close, ETtech looks at startups and tech companies, global and domestic, which laid off employees as they cut costs.
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