Usa Financial News

Sensex closed above 72,000 for the first time, while the Volatility Index or VIX — a popular fear gauge — jumped 6% to 15.6, suggesting traders see risks of sharp swings in the market in the near term. The Sensex gained 0.98%, or 701.63 points, to close at 72,038.43 after touching an all-time high of 72,119.85. The Nifty advanced 1%, or 213.40 points, to close at 21,654.75, off the record high of 21,675.75.

The letter cites «an alarming» Reuters investigation published on December 20 that exposed how Tesla has blamed drivers for frequent failures of components it has long known were defective.

By Wayne Cole

Here is a look at what the case means for consumers and what is next for Apple.

By Yuka Obayashi

By Ankur Banerjee

Investing.com — US stock futures were trading higher during Wednesday night's deals as major benchmark averages closed slightly higher overnight, with the S&P 500 index inching closer to fresh all-time highs.

By John Kruzel

Cryptocurrency funds recorded $103 million inflows in the penultimate week of the year as institutional investors keep momentum toward a spot Bitcoin (BTC) ETF approval by the Securities and Exchange Commission (SEC). 

SAN JOSE (Reuters) — Nicaraguan migrants sent relatives back home record remittances this year through November, data from the country's central bank showed on Wednesday, fueled by massive waves of migration leaving the Central American nation in recent years.

By Jonathan Stempel

WASHINGTON (Reuters) -The U.S. Federal Trade Commission said on Wednesday it has filed a lawsuit against Grand Canyon University for deceptive advertising, illegal telemarketing and misrepresenting the school as a nonprofit.

By Blake Brittain

An economy produces two broad types of output: farm and non-farm. The non-farm sector comprises industry and services. As the economy develops, their expansion drives economic growth.

A charter plane with 276 Indian passengers, grounded in France for four days due to suspected human smuggling, returned to Mumbai on Tuesday. The incident underlines the risks of illegal migration, also highlighted in the film Dunki. Mint explains the nuances: The Punjabi word dunki, meaning to move, or hop from one place to another, has inspired the term “donkey route".

By Davide Barbuscia

OmniActive Health Technologies, an integrated nutraceutical ingredient maker, is scouting for acquisitions to enlarge its product basket, gain access to customers and technologies, and expand geographically. «We are continuously scanning companies for products, customers, and technologies...this may require us to raise capital from financial institutions in India or abroad,» Sanjaya Mariwala, chairman and managing director of Mumbai-based OmniActive, told ET in an interview. In January 2021, US private equity firm TA Associates had acquired a majority stake in OmniActive. According to Crisil, as of July 2023, TA held 56.35% stake in OmniActive and the Mariwala family held 39.99%, while the rest was held by other shareholders. Mariwala expects OmniActive to grow at a much faster rate in the next several years through launch of new products and expansion. The company's revenue in FY23 was ₹716 crore. Over the years, OmniActive has spent ₹400-500 crore on research and development (R&D) and created a backward integrated model, where it sources flower extracts and botanical plants from agricultural fields through contract farming and established USFDA-compliant facilities to extract, isolate and purify the active nutraceutical ingredients. It has emerged as one of the top suppliers to global consumer health and pharmaceutical companies such as Bausch & Lomb (eye health), GNC, The Vitamin Shoppe, Novartis and Pfizer, among others.

Air India is in the final stages of forming a joint venture (JV) with European aerospace major Airbus to form a facility for pilot training services that will be the largest in the South Asian region. People aware of the development said the total investment into the facility will be around ₹3,500 crore with both Air India and Airbus holding 50% stakes in the company. While the facility will initially start with six simulators for the Airbus A320 family and A350 aircraft types, it will have a capacity of expanding up to 20 simulators, making it one of the largest in the region, they said. It will cater to the needs of Air India but will also be open for other Airbus customers, sources said. The company will rival CSTPL, a JV between IndiGo's parent company InterGlobe and CAE Inc, which currently has the largest share of the flight simulation business in India. CSTPL — which currently has 8 simulators — is looking to add another five simulators in the next two years, people aware of the matter told ET. Air India is also finalising another JV with US-based L3 Harris for pilot training for Boeing aircraft such as the 737, 777 and 787. Former AirAsia CEO Sunil Bhaskaran is overseeing the setting up of the JV. «We understand the importance of developing self-reliance of human resources and have invested to build a pilot training facility as the airline caters for a huge need due to expansion of fleet and network,» an official said.

minister for AI. This would be in keeping with a governmental interface for all technologies with transformative potential such as telecommunications and aerospace.

Berghain in Berlin, or Output in NYC, or Zouk in Singapore. It's the grandfatherly sounding North Atlantic Treaty Organisation that is, almost 75 years after being founded, trending and trending hard as #Nato. Marx — of the Groucho variety — had famously said that he refused to join any club that would have him as a member.

Chinese authorities have reportedly dismantled an illegal underground banking operation that moved some $2.2 billion between China and other countries using overseas “virtual currency trading platforms.”