Usa Financial News

Mega-cap stocks represent shares of companies listed on the US stock market with a market capitalization exceeding $200 billion, making them the largest publicly traded companies globally.

The EUR/USD faces a key test in the next week and a half. We will have lots of key data and rate decisions from both the Federal Reserve and European Central Bank to come during this period. Ahead of these big events, the EUR/USD was down for the second consecutive week, eating into the impressive gains made last month. But will it bottom around the 1.0700-1.0750 key support area?

OpenAI co-founder Sam Altman, had a rather tumultuous November 2023, with the company's board of directors voting him out, Microsoft offering him a job, and only five days later to be inducted back into OpenAI. However, December started on a different note for the man who, according to AirBnB CEO Brian Chesky ‘responsibly brought AGI to the world’. Sam Altman was named CEO of the Year 2023 by TIME magazine.

The Bank of Canada held interest rates on Dec. 6, keeping its key policy rate at five per cent.

The cryptocurrency bulls are back again. Bitcoin surged to US$44,000 on Dec. 5, its highest in nearly 20 months, marking a dramatic 150 per cent rise so far this year. After losing more than 60 per cent of its value in 2022, its climb back has sparked yet another wave of euphoric calls: industry veterans now project the token will breach US$100,000 by the end of 2024, and at least US$750,000 by 2026. Competitors including ether, dogecoin, solana and cardano are all up by double-digit percentages, too.

The report also revealed that just six holdings of a total ten hold any value, with the remaining four companies representing no value in the fund.

The Bank of England said private credit and leveraged lending markets have roughly doubled in size in the last decade.

trade deficit widened more than expected in October as exports declined, likely positioning trade to be a drag on economic growth in the fourth quarter. The trade deficit increased 5.1% to $64.3 billion, the Commerce Department's Census Bureau said on Wednesday. Data for September was revised to show the trade gap rising to $61.2 billion instead of $61.5 billion as previously reported. Economists polled by Reuters had forecast the trade deficit increasing to $64.2 billion in October. Exports of goods and services fell 1.0% to $258.8 billion. Goods exports decreased 1.8% to $173.5 billion.

Adani Ports will meet on December 12 to consider a fundraising proposal through the issuance of non-convertible debentures and non-cumulative redeemable preference shares. «A meeting of the Board of the company will be held on December 12 to consider the proposal for issuance of non-convertible debentures and issuance/renewal of non-cumulative redeemable preference shares, on private placement basis/ preferential basis,» the company said in a filing. The fundraising will be done in one or more tranches. Shares of Adani Ports rallied over 23% in the last five days after the group received a shot in the arm on a Bloomberg report that quoted unnamed officials in the US International Development Finance Corporation (DFC) as saying that the allegations by Hindenburg Research were not relevant. The US agency had recently announced funding of $553 million for the Group's port business in Sri Lanka. In November, Adani Ports recorded strong cargo volumes of around 36 MMT, a robust 42% year-on-year increase. Growth was witnessed across all three broad cargo categories – dry bulk (over 60% YoY), containers (over 26%) and liquids and gas (over 23%). In the eight months of FY24 (April-November 2023), the company handled around 275 MMT of cargo, showing a healthy 21% YoY growth.

Everton will meet Newcastle on Thursday at a time when they have lost five of their past six Premier League games against them. But after winning three of their first four Premier League home games under Sean Dyche, Everton have won just two of their past 12 at Goodison Park. Both of those victories came against Bournemouth. On the other hand, Newcastle won this fixture 4-1 last season and will certainly try to secure back-to-back away league victories against Everton for the first time since a run of three between 1958 and 1960. With four losses, no team has failed to score in more different Premier League home games than Everton so far this season. All eight of their goals at Goodison Park in all competitions this term (five in the Premier League and three in the Carabao Cup) have been scored by different players.

Bitcoin (BTC) has displayed resilience by surging to a more than 19-month high, even as global markets experienced a downturn. 

All investors remember the collapse of FTX – one of the largest financial frauds perpetrated in history. It killed the bull market. But how did FTX grow so large in the first place? The trading experience was excellent and it provided a superb on-ramp for liquidity into crypto- especially altcoins.

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

Yesterday, legendary American thrash metal band Megadeth announced the launch of a new non-fungible token (NFT) collection, offering fans exclusive access to digital and real-world experiences.

Hassie Harrison and Ryan Bingham have ignited rumors that they are married, less than a year after announcing their relationship. With a wedding band prominently displayed, Ryan shared an Instagram video over the weekend to promote his bourbon and upcoming show. Fans were inconsolable, with one asking, «Is that a wedding ring?! How did I miss this?» The rest of the comments under the star's post expressed the same sentiment. George Ryan Bingham is a multi-genre singer, songwriter, and guitarist from the United States.

India bond markets have witnessed quite a bit of volatility in the last few months. The yields on the 10-year government bonds fell from 7.45% to 7% and have risen back to 7.25-7.35% due to rise in US bond yields and crude prices

Bonds around the world are extending gains on expectations that a wave of easier monetary policy will break out next year as inflation fears evaporate.

Bitcoin traded close to $44,000 after notching its longest winning streak since May, a rally driven in part by expectations of looser monetary policy. 

A new year tends to bring a wave of optimism, but when it comes to the markets and the economy this should not be overstated according to State Street Global Advisors.

UBS has added four advisors to its U.S. head count, including a former senior banker at J.P. Morgan Private Bank.

World shares have advanced after most stocks slipped on Wall Street following a mixed set of reports on the U.S. economy