Usa Financial News

Cathie Wood-led Ark Invest sold over $12.8 million worth of Grayscale Bitcoin Trust (GBTC) shares on Monday amid a broader market sell-off, Ark Invest Daily reported.

Write to Stella Yifan Xie at [email protected]

Federal Reserve's (US Fed) two-day monetary policy meeting is being held from December 12-13 (Eastern Standard Time - EST). And on Wednesday (EST) Fed Chair Jerome Powell will announce the central bank's rate decision in a press conference. Known as the Federal Open Market Committee's meeting (FOMC Meeting), the rate announcement will be at 2 pm (EST) on December 13 (12.30 am IST on December 14).

Indian markets are likely to open flat but in the ... moreIndian markets are likely to open flat but in the green on Tuesday despite strong gains in Asian peers as Wall Street hit record high overnight ahead of the US Fed meet.

Israel's PM Netanyahu. He was speaking at a White House reception for the Jewish Hanukkah festival. Biden noted he inscribed on an old photograph of the two men, using a nickname for the Israeli leader.

BAE Systems, a defence contractor, will receive the first federal grant from a new program aimed at shoring up American manufacturing of critical semiconductors. The company is expected to receive a $35 million grant to quadruple its domestic production of a type of chip used in F-15 and F-35 fighter jets, as well as satellites and other defense systems. The grant is intended to help ensure a more secure supply of a component that is critical for the United States and its allies.

Global trade will decline in 2023 by about 5% from last year’s record as high borrowing costs weigh on economies, US-China tensions redirect supply chains and more policies restricting cross-border commerce emerge, a UN agency said. The value of goods and services trade will reach $30.7 trillion compared with $32.2 trillion in 2022, according to the Geneva-based United Nations Conference on Trade and Development. A $2 trillion, or 8%, slump in merchandise trade is the main reason.

Nifty50 hitting a record high on Tuesday, following gains in Asian peers ahead of key inflation data and the US Federal Reserve policy decision. The BSE Sensex was trading 76 points or 0.11% higher at 70,005, while Nifty50 was trading at 21,028, up 31 points or 0.15% at around 9.23 am. The current rally is bolstered by strong macroeconomic data, a decline in crude oil prices, favourable global interest rate outlook, the resurgence of foreign inflows and sustained inflows from domestic mutual fund investors. From the Sensex pack, Tata Steel, JSW Steel, M&M, ITC, and Asian Paints opened higher, while Infosys, L&T, Bharti Airtel, Titan, and NTPC opened with cuts. Dixon Technologies shares rose over 6% after the company's unit secured a manufacturing contract from Lenovo to make laptops and notebooks under the production-linked incentives (PLI) scheme. Rail Vikas Nigam (RVNL) also surged 4% after the joint venture of the company emerged as the lowest bidder for a project worth Rs 543 crore. Mankind Pharma shares fell nearly 5% amid reports of a block deal executed on the counter. Sector-wise, Nifty Media surged 2.34% and Nifty FMCG gained 0.7%. Nifty Bank and Nifty Financial Services also opened higher.

Also Read: Sensex Today | Share Market Live Updates: Gift Nifty, global markets signal positive start for Sensex, Nifty Asian stocks increased ahead of important US economic data and major central banks' meetings, which could provide new information about the possibility of rate cuts in the upcoming year, according to a Bloomberg report. Australia, South Korea, and Japan saw gains in their stock benchmarks.

Sensex Today | Share Market Live Updates: Sensex and Nifty may open higher on Tuesday tracking positive trends on the Gift Nifty. Markets gained globally ahead of key economic data. Asian stock markets saw an uptick in anticipation of important economic data from the US and upcoming meetings from major central banks, which may shed light on potential rate cuts next year.

Afghanistan, as per the National Center for Seismology. Earlier in October, a powerful magnitude-6.3 earthquake followed by strong aftershocks killed hundreds of people in western Afghanistan, the country's national disaster authority said as reported by the Associated Press.

Israel used US-supplied white phosphorus in attacks on Lebanon, adding that it was seeking more details about the allegations. Speaking to reporters, US National Security Council Coordinator for Strategic Communications John Kirby said the US will be asking questions to get more details about it and stressed that the country provides material like white phosphorus to another military with the full expectation that it will be used for legitimate purposes, keeping up with the law of armed conflict. He said, "We've seen the reports.

‘Elon Musk doesn’t care about anybody, very damaged human being': Hunter Biden "These charges are unprecedented, unconstitutional and violate the agreement the US Attorney made with Mr. Biden," Lowell said in a statement. "This is not how an independent investigation is supposed to work, and these charges should be dismissed." The flurry of court documents comes as Hunter Biden faces charges in two states headed toward trial while his father, President Joe Biden, runs for reelection.

AP, the US Attorney's office chose not to disclose the candidate's name. Nevertheless, a representative for Republican candidate Vivek Ramaswamy confirmed on Monday that the threatening text messages were aimed at his campaign. “We are grateful to law enforcement for their swiftness and professionalism in handling this matter and pray for the safety of all Americans," Stefan Mychajliw, deputy communications director, said in a statement.

Gold prices edged higher on Tuesday after hitting a three-week low in the last session, as the dollar eased, while investors awaited key U.S. inflation data and major central bank policy meetings for interest rate clues. FUNDAMENTALS * Spot gold was up 0.2% at $1,985.49 per ounce as of 0113 GMT, after hitting its lowest since Nov.

Oil prices held steady on Tuesday ahead of key interest rate policy and inflation data announcements, and amid doubts that production cuts by OPEC+ next year would offset crude oversupply and weaker fuel demand growth. Brent crude futures for February were flat at $76.03 a barrel as of 0103 GMT, while U.S.

inflation report later in the day that will set the tone for the week filled with central bank meetings. The U.S. Federal Reserve is widely expected to hold rates on Wednesday, with the spotlight squarely on comments from Chair Jerome Powell during his press conference as well as the central bank's dot plot and summary economic projections.

Donald Trump to not testify at New York fraud trial says, ‘have nothing more..' None of the rivals of Trump were anywhere close to him in the poll. South Carolina Governor Nikki Haley and Florida Governor Ron DeSantis were each backed by 11% of self-identified Republicans. US presidential polls 2024: Who are the candidates running for White House? Haley's position has improved since September when a Reuters/Ipsos poll found her tied for fourth place at 4%.

Infosys: India's second-largest IT services company on Monday said Nilanjan Roy, its chief financial officer has tendered his resignation. Jayesh Sanghrajka, a member within the company, will be taking over the role. Roy chose to resign to pursue personal ambitions beyond the scope of the company.

Google Play willfully wields monopoly power through Alphabet Inc. unit Google’s anticompetitive conduct, jurors found Monday after deliberating for less than four hours following a nearly monthlong trial in San Francisco.

Here are top 10 updates on Israel-Hamas war, 1) Hunger was worsening among Palestinians in the besieged Gaza Strip, aid agencies said, as the United Nations General Assembly prepared to vote on Tuesday on an immediate humanitarian ceasefire in the two-month-old conflict between Israel and Hamas. 2) Most of Gaza's 2.3 million people have been driven from their homes and residents say it is impossible to find refuge or food in the densely populated coastal enclave.