Usa Financial News

Mint looks at the crisis, efforts taken to contain it, and its implication for India and the world. The Yemen-based and Iran-backed Houthi militants have fired over 100 drones and missiles at ships belonging to over 35 countries plying the Red Sea. They are doing so ostensibly in support of the Palestinian cause.

Laura Lynch, a founding member of the U.S. country band “Dixie Chicks,” died in a head-on car crash on a Texas highway, law enforcement said on Saturday.

Mint, Devina Mehra, founder of First Global group, shares why she thinks the current market run-up was always in the offing and what her outlook on the markets is for the next year. Mehra, who is currently based out of Dubai, started her professional career in Citibank, working in the investment banking/corporate finance group and in corporate risk group from 1986-1993. In 1993, she quit Citibank and got membership of BSE.

BSE Sensex—hit the 21,000 and 70,000 milestones, respectively. But not all have emerged victorious. An analysis of Nifty’s 14 key sectoral indices shows some sectors handsomely beating others as well as Nifty by a wide margin in 2023, but others put up a weak show.

Even as the profitable linear TV and its appointment viewing business dies a slow death, streaming and binge viewing, while being a dream scenario for consumers, isn’t a profitable business for media companies yet. Netflix and its 265 million premium subscribers globally exist in an ad-free world; at 4 users per subscription, this is over a billion premium consumers who aren’t easily reached by traditional advertising. The streaming service had a head-start built on content from traditional studios and TV networks.

BENGALURU : Byju’s has shifted the ownership of half a billion dollars that its special purpose vehicle Alpha borrowed in the US to one of its unnamed subsidiaries, a move that has stumped its US lenders trying to retrieve their money. Byju’s, which borrowed $1.2 billion in the US in November 2021, moved $533 million of it to Camshaft Capital Fund, a three-year-old hedge fund.

Since the start of the year, gold has staged a stellar rally. In the years ahead, we believe it will continue to play a key role in an investor’s portfolio. Following are some of the factors that contribute to gold’s growing significance as an investment asset.

For most Americans dreaming of a white Christmas, this year’s prospects aren’t good

The U.N. Security Council has passed a new resolution that calls for speeding up aid deliveries into Gaza, but without the original call for an “urgent suspension of hostilities” between Israel and Hamas

American electric automaker Tesla’s plans to produce energy-storage batteries in China are moving forward with a signing ceremony for the land acquisition for a new factory in Shanghai

The holiday travel rush is hitting its peak as mild weather and lower flight cancelation rates raise hopes for merrier drivers and airline passengers than last year

The Federal Reserve’s preferred measure of prices fell last month, another sign that inflation is easing and that consumers should expect to see lower interest rates in 2024

Retailers are stepping up sales in the final days before Christmas.

The Biden administration released its highly anticipated proposal for doling out billions of dollars in tax credits to hydrogen producers Friday, in a massive effort to build out an industry that some hope can be a cleaner alternative to fossil fuel power

Benjamin Netanyahu expressed grief over the deaths of Israeli soldiers who were killed over the weekend amid the ongoing war with terror group Hamas, Times of Israel reported. He also denied the reports that US prevented Israel from carrying out military operations against Hezbollah.

The Cuban government says it will have to either increase prices for fuel and electricity, or reduce rations for basic supplies

Red Sea crisis, shipping giant AP Moller-Maersk Sunday decided to resume voyages through the Suez Canal. This followed the setting up of the multi-national security initiative Operation Prosperity Guardian (OPG), led by the US. “As of Sunday 24 December 2023, we have received confirmation that the previously announced multi-national security initiative Operation Prosperity Guardian (OPG) has now been set up and deployed to allow maritime commerce to pass through the Red Sea / Gulf of Aden and once again return to using the Suez Canal as a gateway between Asia and Europe, the shipper said in an advisory to its customers. “This is most welcome news for the entire industry and indeed the functionality of global trade. With the OPG initiative in operation, we are preparing to allow for vessels to resume transit through the Red Sea both eastbound and westbound,” it added.

Unfounded claims about offshore wind threatening whales have surfaced as a flashpoint in the fight over the future of renewable energy

The list of sports teams seeking new or improved stadiums is getting longer and longer

Proposals for new and improved sports stadiums are proliferating across the U.S. and could come with a hefty price tag for taxpayers

New York Gov. Kathy Hochul has vetoed a bill days before Christmas that would have banned noncompete agreements, which restrict workers’ ability to leave their job for a role with a rival business