Usa Financial News

Indian markets are likely to open in the green on ... moreIndian markets are likely to open in the green on Wednesday, led by gains in global peers following a retreat in US Treasury yields.

USD Coin (USDC) issuer Circle is contemplating an initial public offering (IPO) in early 2024, according to Bloomberg.

Also Read: 5 things that changed for the stock market overnight - Gift Nifty, hawkish US Fed officials to drop in oil prices “Normally, such doji formation at the swing highs or lows calls for impending trend reversals for the underlying. Having formed this pattern beside the long bull candle of Monday signal chances of range bound movement in the market," said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.

Day trading guide for today: Domestic equity indices Sensex and Nifty 50 snapped their three-day winning run on profit booking today in select heavyweights amid weak global cues as optimism around the end of monetary tightening faded. Nifty 50 closed at 19,406.70, down 5 points, or 0.03 per cent, while Sensex settled at 64,942.40, down 16 points, or 0.03 per cent.

₹700.28 crore in Indian stocks today.Oil fell to a three-month low as a forecast drop in US gasoline consumption added to a growing array of indicators suggesting the demand outlook is worsening.Aramco maintained its dividend to the Saudi government despite a drop in production and weaker oil prices as the kingdom tackles a widening budget deficit.The total payout of $29.4 billion to the state and other investors, including a special component, held at the previous quarter’s level even as lower output helped push net income 23% down year-on-year to $32.6 billion in the third quarter.The world’s biggest crude oil exporter provides much of the Saudi government’s income via generous dividends. (Read More)IndiGo, India's largest airline, anticipates grounding at least 35 planes in the upcoming March quarter due to powder metal issue with the Pratt & Whitney engines.This adds to the nearly 40 aircraft already grounded for other engine-related issues.

AFP, in what could be a bellwether for an issue that is likely to dominate next year's presidential race. With a little more than half of the votes counted, US media, including CNN and ABC News, said the referendum on so-called Issue 1 would pass with more "yes" votes, adding the right to "reproductive medical treatment" to the state's constitution.

Vivek Ramaswamy said his pledge would formally be introduced in Miami, on the eve of the third Republican primary date, laying out non-interventionist foreign policy principles. Vivek Ramaswamy said if he won the nomination from his party and then the 2024 general election against Joe Biden, he aims to mandate all political appointees to endorse the pledge, with plans to extend the invitation to other elected officials in the future.

Sensex ended 16.29 points, 0.03%, lower at 64,942.40, while the Nifty 50 closed down 5.05 points, or 0.03%, at 19,406.70. “Market has shown resilience at lower levels, despite a subdued global environment. We expect the market to gradually move upwards given a strong Indian economy and healthy earnings season," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.

A new crypto-lending platform dubbed Tokenet says it will service what it expects to be an influx of institutional clients following the potential United States approval of spot Bitcoin (BTC) exchange traded fund (ETF). 

WeWork has filed for Chapter 11 bankruptcy protection, marking a stunning fall for the office sharing company once seen as a Wall Street darling that promised to upend the way people went to work around the world.

By Andrew Chung and John Kruzel

By Hari Kishan

Investing.com — US stock futures were trading higher during Tuesday's evening deals, following a positive session for major benchmark averages as easing yields boosted sentiment, while investors digested a fresh slew of corporate earnings results.

As the Internal Revenue Service (IRS) pushes forward with its proposal to increase cryptocurrency surveillance, a past report might offer a clue for how this information may be used in practice. In short, with the IRS set to keep tabs on Americans’ cryptocurrency usage through an expected 8 billion new returns, it seems the Department of Justice (DOJ) may soon have the tools it wants to start confiscating cryptocurrency at an unprecedented rate. 

Bitcoin (BTC) has been trading within a narrow 4.5% range over the past two weeks, indicating a level of consolidation around the $34,700 mark. 

(Reuters) -E-commerce platform eBay (NASDAQ:EBAY) forecast fourth-quarter revenue and profit below Wall Street estimates on Tuesday as rising competition from the likes of Amazon (NASDAQ:AMZN) amplify the hit from softer consumer spending due to sticky inflation.

By Mike Stone

Adrienne Arsht Center for the Performing Arts of Miami-Dade County, with NBC News broadcasting the final GOP debate live. The event is scheduled to take place on Wednesday from 5 p.m. to 7 p.m. PT, or 8 p.m. to 10 p.m. ET. This marks the first time in the primary campaign that the debate will air on national television, but for those who have cut the cord, it's still possible to stream the entire event live.

Circle Squared Alternative Investments CEO Jeff Sica and Geltrude & Company founder Dan Geltrude discuss how the IRS plans to get into the AI game on 'The Claman Countdown.'

By Patricia Zengerle

Investing.com — U.S. stocks ended higher Tuesday, notching a seven-day win streak underpinned by strength in big tech as Treasury yields fell despite Federal Reserve members signaling that rate hikes remain on the table.