Usa Financial News

US bond yields staying higher for longer, the Federal Reserve may reverse its ongoing quantitative tightening (QT) and resort to liquidity injections by either May or June next year to avert major disruptions in the global financial system, Neelkanth Mishra, chief economist, Axis Bank, said in an interview to Gayatri Nayak and Bhaskar Dutta. Edited excerpts: What is your view on global liquidity in view of the strong strides towards QT that the Fed has taken? When can we expect any change in the RBI's management of domestic liquidity? Once the RBI feels comfortable that now the Fed will keep easing for a while, it will allow them to go easier. When that happens is a much tougher question. My sense is the late second quarter of the calendar year 2024. So, maybe a May-June timeframe. By then, we should start to see some stresses showing up. There are some indicators; we have started seeing shortages in dollars outside the US. But for things to reach a point where the Fed is forced to intervene again could be in May or June.

By Hernan Nessi

stock market opens on Friday (December 15). The Board of Directors of Asit C Mehta Financial Services at a meeting held on December 1 approved the Rights Issue. The company has revised its record date to December 15.

Mint explains: Investors across the spectrum—retail, institutional, domestic and foreign—have been pouring money into Indian equities. Foreign investors who were on a selling spree in September and October, have begun buying in November and December. Analysts say this is largely fuelled by the BJP’s victory in recent state elections, which is seen as a sign of continued economic reforms.

₹6,005 per bbl, having swung between ₹5,797 and ₹6,020 per bbl during the session so far, against a previous close of ₹5,781 per barrel. Also Read: India bought Russian oil at $84.2/bbl in October, highest since December 2022: Report -IEA's 2024 oil demand estimate is less than half the forecast of the Organization of the Petroleum Exporting Countries and its allies (OPEC+). A weaker dollar after the US central bank signalled lower borrowing costs for 2024 also boosted oil prices.

Apple, the world’s most valuable publicly traded company, stock climbed to a record high on Thursday, after the Federal Reserve Wednesday signalled an end to its aggressive rate hike policy and indicated possible rate cuts next year. The Tech giant's stock climbed 0.7%, rising to an intra-day record high of $199.62, beating the iPhone maker's previous intraday record of $198.23 on July 19.

By Chris Kirkham

A federal agency says a chemical leak that killed six workers at a Georgia poultry plant in 2021 could have been prevented

New oil and natural gas leasing will be prohibited on New Mexico state land surrounding Chaco Culture National Historical Park for the next 20 years

Many Americans’ lives consist of going to school, getting a job, buying a home, having a family and saving for a nice retirement. For Gen Xers, on the other hand, that doesn’t seem to be the case – at least when it comes to retirement.

Osaic Inc., formerly Advisor Group, said Thursday it had reached an agreement to acquire Lincoln Financial Advisors Corp. and Lincoln Financial Securities Corp. the wealth management firms that make up “Lincoln Wealth,” from the insurer Lincoln National Corp.

By Andrea Shalal

Blue-chip cryptocurrency markets are mostly higher on Thursday as the crypto market benefits from macro tailwinds with US stocks pushing higher and US government bond yields and the US Dollar Index (DXY) dumping.

By Makini Brice and Ted Hesson

Cruel Intentions reboot series, announced in 2021, is making progress. Initially slated for Freevee, the series is now set to air on Prime Video. The shift is unsurprising, considering the production costs, and Prime Video's subscription model aligns with hosting more substantial and costly shows compared to ad-based platforms like Freevee.

NATO’s newest member and Russia’s neighbor Finland is to sign a bilateral defense cooperation agreement next week with the United States in a deal that allows Washington to send troops into the Nordic country and to store weapons and equipment there

The painful economic steps that Argentina’s new president, Javier Milei, announced this week sound draconian: Slashing the currency’s value in half

U.S. officials recently seized more than 1.4 million illegal e-cigarettes from overseas manufacturers, including the company behind Elf Bar

The average long-term U.S. mortgage rate dropped below 7% to its lowest level since early August, another boost for prospective homebuyers who have largely been held back by sharply higher borrowing costs and heightened competition for relatively few h...

Bitcoin’s recent price surge beyond $42,000 marks a significant turnaround in its market trajectory, particularly in light of dovish signals from the US Federal Reserve.

Four individuals have been charged by the Department of Justice for their alleged roles in a scheme designed to launder millions in proceeds of a cryptocurrency investment scam, according to a recently unsealed indictment.