Usa Financial News

Economist Peter Morici reacts to the Fed signaling that it could cut interest rates three times in 2024, on 'Varney & Co.'

Officials from the US Securities and Exchange Commission (SEC) met with three employees of BlackRock on Thursday to discuss the asset manager’s application to set up a spot Bitcoin Exchange Traded Fund (ETF), as per a memorandum released by the SEC on Friday.

In the dynamic landscape of cryptocurrency, Bitcoin, the pioneering digital currency, has recently seen a downturn, slipping below the $43,000 threshold. This decline aligns with the broader crypto market, which witnessed a 0.25% drop in its global market cap, now standing at $1.61 trillion.

InQubeta (QUBE) might be the best crypto to invest in now as its presale continues to defy expectations. The new DeFi project has already raised over $6.7 million as it moves into its sixth stage, earning early investors 175% returns on their investments.

modern kitchen is a canvas for culinary creativity and discovery, not merely a place to cook. With its many features and cutting-edge technology, electric ovens have entirely changed how home cooks prepare food. They accommodate a variety of cooking techniques and tastes with their accuracy, ease, and adaptability.

ALSO READ: Google CEO Sundar Pichai opens up on company's biggest layoff in 25 years: ‘We could have done differently’ Although slightly more optimistic than the CBO, the Federal Reserve had a similar outlook for the economy in 2024. It predicted that the real GDP growth would slow down to 1.4 percent in 2024, before rebounding in the following years. The Fed also expected the unemployment rate to increase to 4.1 percent by the end of 2024, which was lower than the CBO’s estimate, reported Hindustan Times.

₹5,953 per bbl, having swung between ₹5,839 and ₹6,004 per bbl during the session, against a previous close of ₹6,017 per barrel. -Traders took note of comments from New York Federal Reserve Bank President John Williams about hopes for interest rate cuts in the coming year. "We aren't really talking about rate cuts right now," Williams said in an interview with CNBC.

Dividend Stocks: Shares of some companies, including Easy Trip Planners, and few others will trade ex-dividend in the coming week, starting from Monday, December 18. Some other companies will also trade ex-ex-bonus, while some have announced a buy back of shares next week. The ex-dividend date is the day on which the equity share price adjusts to reflect the next dividend payout.

Indian students were deported from the US to India this year, the government said in Lok Sabha on Friday. Minister of State for External Affairs V Muraleedharan said the government has regularly expressed its concerns to the authorities in the US regarding such instances. «According to information available with the ministry, 28 Indian students were deported from the US to India in 2023,» he said replying to a question.

Williams pushed back against the market's rate cut expectations, though the index remained on track for its worst weekly performance in a month. The dollar tumbled broadly after updated interest rate projections of Fed officials released on Wednesday showed an expectation for 75 basis points in cuts in 2024. Fed Chairman Jerome Powell was also interpreted as striking a more dovish tone at the conclusion of the U.S. central bank's two day meeting, when he said that the tightening of monetary policy is likely over, with a discussion of cuts coming «into view.» But Williams said on Friday that «we aren't really talking about rate cuts right now» at the Fed and it's «premature» to speculate about them. «It strikes some of the similar tones that we heard from Powell earlier this week but it kind of reinforces the fact that the Fed is still very much a data dependent bank and not really endorsing what the market's pricing in to a degree,» said Bipan Rai, North American head of FX strategy at CIBC Capital Markets in Toronto. Rai also noted that a large part of the move in the dollar this week has been due to rebalancing positions that were heavily tilted towards the greenback and focused in specific currency pairs, such as against the Japanese yen. «This is a story about the inordinate amount of leverage and skewed positioning in the market that needed to be rebalanced more than any sort of dovish interpretation of what Powell said earlier this week,» he said. Traders are pricing in aggressive expectations for rate cuts, with the first reduction seen likely in March and 145 basis points in cuts seen by December. The dollar index was last up 0.39% on the day at 102.35.

At present, JN.1 constitutes a modest yet notable percentage, projected to potentially encompass 15-29% of circulating variants within the United States. While not yet widely spread in Europe, some countries have reported its presence at a slightly higher frequency, warranting cautious monitoring and analysis.

Investment firm cyber.Fund, known for its early support of Ethereum (ETH), has committed $100 million to projects at the intersection of blockchain technology, artificial intelligence (AI), and the Internet of Things (IoT). 

The surge in volatility that followed the US Federal Reserve’s interest rate announcement on Wednesday caused some $48 million to be liquidated in 24 hours in the Bitcoin market.

Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news.

US Fed and hit fresh lifetime highs led by IT and bank stocks. The momentum is expected to continue in tune with positive Asian markets and on favourable cues from the US markets. The index has broken out of consolidation, driven by an increase in long positions compared to short trades among participants, Rupak De, LKP Securities, said as he sees the sentiment remaining robust with the index maintaining a position comfortably above crucial moving averages.

Russia wants to contain NATO's resurgence which is almost a result of Russia's own aggression," said Dr. Martand Jha, Doctoral Fellow at Russian and Central Asian Studies, School of International Studies, Jawaharlal Nehru University. At the beginning of the Ukraine war, US President Joe Biden didn't face much struggle in helping the country as both Democrats and Republicans were looking united to weaken Russia.

Would you get blood work done at your gym? Longevity-focused treatments like IV vitamin drips, biological-age testing and peptide injections—questioned by many doctors but embraced by a growing group of health enthusiasts—are coming to mass-market fitness centers. Some fitness brands are adding or investing in clinics that offer access to weight-loss drugs, too. The push has the potential to bring once-fringe treatments purported to fight aging further into the mainstream.

market rally that saw the benchmark Sensex breaching the 71,000-mark for the first time on Friday. The US Federal Reserve keeping its key interest rate unchanged and signalling rate cuts next year, along with continuous foreign fund inflows into the equity markets, have fuelled the rally in stocks. Rallying for the third day running, the 30-share BSE Sensex jumped 969.55 points or 1.37 per cent to settle at its new all-time high of 71,483.75 points.

National financial planning and RIA firm Integrated Partners says 2023 has been a milestone year in which it added $3 billion in assets to bring its total assets under administration to $15.5 billion.

Equities held gains after the Federal Reserve validated bets that it will soon move to easier policy and pushed stock market gauges toward all-time highs.

Vladimir Putin condemned Israel's incessant bombing of Palestine's Gaza Strip, he also promised to intensify the offensive in Ukraine that started over a year ago. Ukraine's increased commination comes at a time when the United States is struggling to send aid ahead of their Presidential Polls in 2024. Meanwhile, despite the United Nations Security Council's resolution demanding an immediate ceasefire in Gaza, Israel's Prime Minister Benjamin Netanyahu has vowed to continue bombing the densely populated Gaza Strip ‘with or without international support’.