Usa Financial News

At the KUN & Hashkey Exchange strategic cooperation signing ceremony held earlier today, Dr. Xiao Feng, the founder of Hashkey Group, announced plans to issue a stablecoin backed by the Hong Kong dollar.

Ripple chief legal officer Stuart Alderoty has expressed reservations about the recent string of legal defeats suffered by the United States Securities and Exchange Commission during Gary Gensler’s tenure. These remarks follow another setback for the SEC in the Fifth Circuit Court after Ripple’s victory in the XRP lawsuit in July 2023.

The United Kingdom announced on Nov. 1 after the conclusion of the first day of its global “AI Safety Summit” that it will increase funding for two artificial intelligence (AI) supercomputers to 300 million pounds ($363.57 million).

Largecaps: ICICI Bank, Maruti Suzuki India, State Bank of India, Varun Beverages, Bank of Baroda, and ITC. Midcaps: Lupin, Federal Bank, Ashok Leyland, Relaxo and Footwears Smallcaps: CIE Automotive India, Westlife Foodworld, CreditAccess Grameen, JTL Industries, PNC Infratech and Kirloskar Brothers. The brokerage has booked profit in CCL products and added Westlife Foodworld.

Air pollution linked to higher incidence of type 2 diabetes: Report With a persistent smog blanketing Delhi for the third consecutive day, many parts of the city recorded their air quality in the 'severe' zone on Thursday. Scientists have warned of a further spike in the national capital in the coming days due to the surge in farm fires and unfavourable weather conditions.

₹24,548 crore from Indian equities, on the back of spiking US Treasury yields and a rise in crude oil prices. FPIs turned net sellers in September, selling equities worth ₹14,768 crore. This shift occurred following a period of sustained buying that commenced in March and continued till August.

blocking critics from viewing or interacting with his posts on Twitter, the site since rebranded as X—led to a federal appeals-court ruling that his cold shoulder had violated the First Amendment. But before the Supreme Court could review that decision, Mr Trump lost the 2020 election and Knight Institute v Donald Trump became moot.

By Stephen Nellis

Rahul Gandhi over his allegations that AIMIM fields candidates wherever Congress contests the Bharatiya Janata Party (BJP) by “taking money from the saffron party". In a post on X, Asaduddin Owaisi asked Rahul Gandhi how much his party took to back the UPA government in 2008 on the nuclear deal with the United States (US).

Can “engagement" mean “addiction", especially where children and teenagers are concerned? There appears to be bipartisan consensus in America that this could be the case, going by a couple of big lawsuits recently filed against Meta. A consortium of 41 US states and the District of Columbia has alleged that the social media giant deliberately used algorithms designed to get youngsters addicted to platforms such as Instagram and Facebook, and also concealed internal research that linked high social media use to higher levels of anxiety, despair, eating disorders and insomnia. The lawsuits also allege that Meta harvested and monetised the data of minors without proper consent, and asks for compensation and restitution for individuals and families that have suffered harm.

Maneesh Dangi, Founder, Macro Mosaic Investing, says “it is very unlikely that the US would have a 2008 play out because the US balance sheets are pretty clean in terms of household balance sheets and corporate balance sheets are not levered. But that cannot be said for Europe, cannot be said for China, it cannot be said for many other emerging markets. So I do not know and I do not think a GFC kind of liquidation or credit events are going to play out in the US but then it is more likely that it could pay out in some other places. Thankfully, Indian balance sheets look as clean as they were in 2007. So India is out of the picture as far as that sort of balance sheet stress is concerned.” Do you think everything is moving on expected lines? The Fed was not supposed to increase rates, they have not increased rates. The Fed was supposed to say that they are keeping the interest rate window open, which is what they said. The Fed was supposed to increase their outlook for the US economy, which they did. So, the Fed is becoming rather easy to call now. Yes, it is a sensible Fed because having taken the rates higher by about 550 basis point, Fed is deeply aware as we all are, that interest rates work with a lot of lag and incidentally I was reading a research report today early that perhaps today's interest rates operating in US could be of last Diwali.

Wells Fargo has liquidated its local inventory finance business, leaving it with commercial and some investment banking capabilities in the country.

India and the US are both facing similar impacts of climate change, and the US can learn a lot from India on managing these, the US Ambassador to India, Eric Garcetti, said on Thursday. Speaking at The Energy Transition Dialogues being organised by the Global Energy Alliance (GEAPP) in New Delhi, Garcetti said that even in places like Los Angeles, people die every day because they don't have access to air conditioning. “They don't have access to what they need.

While the approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) will likely spike the price of Bitcoin, some analysts are concerned it won’t be enough to fully thaw the markets from its winter chill. 

Federal Reserve held interest rates steady, raising expectations that the Fed may be done with interest rate hikes. According to a Reuters report, the dollar index declined 0.5 per cent, while benchmark US 10-year note yields fell to a more than two-week low. The US Federal Reserve left policy rates unchanged on Wednesday, November 1, at a 22-year high level of 5.25-5.50 per cent.

Ambuja Cements Ltd reported a four-fold jump in its standalone net profit for the quarter ended September 2023. The same was helped by the good improvement in operating performance, led by lower energy costs and cost-saving measures. The reported Earnings before interest, tax, depreciation and amortization (Ebitda) during the quarter surged to ₹771.5 crore from ₹313 crore, while Ebitda margin improved by 70 basis points (bps) to 11.9% from 11.2%, YoY.

US Federal Reserve was a bit dovish in its policy meeting. The local currency opened 7 paise higher at 83.21 a dollar as compared to previous close of 83.28. The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.51% lower at 106.34.

US Federal Reserve left policy rates unchanged on Wednesday, November 1, at a 22-year high level of 5.25-5.50 per cent. As Mint reported, the US Fed's decision to hold its benchmark lending rate at this level gives policymakers time to "assess additional information and its implications for monetary policy," the central bank said in a statement.

Indian markets are likely to open higher on Thursd... moreIndian markets are likely to open higher on Thursday, following gains in global peers after the US Fed kept interest rates unchanged and its Chair Powell fueled investor optimism that rate hikes were done.

HONG KONG (Reuters) — The Hong Kong Monetary Authority (HKMA) on Thursday left its base rate charged through the overnight discount window unchanged at 5.75%, tracking a move by the U.S. Federal Reserve to keep rates steady.

WASHINGTON (Reuters) -U.S. House of Representatives Speaker Mike Johnson said on Wednesday he plans to hold a vote on a standalone Israel aid bill despite a Congressional Budget Office report showing it could increase the federal deficit.