Usa Financial News

Europe had been moving towards the slaughterhouse for years, and by 1914 a conflict was all but inevitable—that, at least, is the argument often made in hindsight. Yet at the time, as Niall Ferguson, a historian, noted in a paper published in 2008, it did not feel that way to investors. For them, the first world war came as a shock.

A Delaware court judge approved the Chapter 11 plan of Seattle-based cryptocurrency exchange Bittrex on Monday to cease its operations.

Journalists confirmed that 31 journalists have been killed in the Israel-Hamas war since October 7, The Times of Israel reported. These 31 journalists included 26 Palestinian, 4 Israeli and 1 Lebanese journalist. Moreover, eight journalists were reported injured, whereas, nine were reported missing or detained, reported The Times of Israel.

Artists have been dealt a setback in their copyright fight against generative AI firms after a class-action lawsuit against several of the firms was dismissed by a United States judge, citing a lack of evidence.

China's state-backed chip investment fund has invested 14.56 billion yuan ($1.99 billion) in a memory chip company called Changxin Xinqiao, records showed. The deal saw China Integrated Circuit Industry Investment Fund, also known as the «Big Fund», contribute to 33.15% of the total registered capital of Changxin Xinqiao, according to an update dated Oct. 26 to the company's registration information on the National Enterprise Credit Information Publicity System. According to company registration website Qichacha, Changxin Xinqiao was founded in 2021 in Hefei city, in the eastern Anhui province. Its general manager is Zhao Lun, who is also the chairman and general manager of Changxin Memory Technology, which is one of China's leading memory chip companies. Changxin Xinqiao and the Big Fund did not immediately respond to Reuters' requests for comment. The Big Fund's latest investment comes after it invested 13 billion yuan into Yangtze Memory Technologies (YMTC) earlier this year, marking one of its largest investments in recent years. YMTC, China's only player in the global NAND memory market, has been aggressively expanding production capacity and R&D with the help of state subsidies.

Bitcoin futures exchange-traded funds have seen the largest single week of inflows since July of last year. The funds raked in about $326 million with expectations rising that the US Securities and Exchange Commission is poised to approve a spot-based Bitcoin ETF, according to a report by crypto asset manager CoinShares on Monday. The optimism is also helping to boost demand for so-called altcoins, with Solana-related products seeing $24 million in inflows. Ether, the second largest cryptocurrency after Bitcoin, saw $6 million in outflows. Forecasts for the approval of a spot Bitcoin ETF have been increasing since the SEC declined to appeal an August court ruling that threw out its rejection of a plan by Grayscale to convert its Bitcoin trust to an ETF. Bitcoin is trading at levels that have not been seen since the crypto market meltdown last May. However, investors are showing restraint despite the prospect of a spot Bitcoin ETF approval. “While positive for Bitcoin, this weekly inflow only ranks the 21st largest on record, suggesting continued restraint among investors,” the report said.

There’s a slim chance the United States Securities and Exchange chief Gary Gensler could pull the plug on spot Bitcoin (BTC) exchange-traded funds in one “amazingly sadistic” move, according to Bloomberg ETF analysts. 

Government-owned broadcaster SBS has secured the rights to the 2026 FIFA Men’s World Cup, outbidding commercial free-to-air networks and streaming giants including Paramount and Optus Sport.

crypto enthusiasts love more than the digital assets themselves, it's memes. A frenzy of crypto-based memes have gained fresh momentum last week as Bitcoin rallied. Growing expectations that the US Securities and Exchange Commission will authorize exchange-traded funds that invest directly in Bitcoin pushed the largest crypto by market value up by more than 25% over the past two weeks to around $35,000 on Wednesday — its highest level in about 18 months. The breakout gives bulls some hope even as reminders of the industry's recent woes linger. Just last week, Sam Bankman-Fried took the stand in his own defense of criminal charges stemming from the collapse of his crypto exchange FTX. He has pleaded not guilty. Memecoins like Pepe Coin (PEPE) surged along with Bitcoin. The coin based on the internet meme of a green anthropomorphic frog that has been around since the early 2000s increased 77% on Friday from the week before, according to data from crypto market tracker CoinGecko. Pepe Coin, which was issued this year, soared to a market value of more than $1 billion in May before reversing course and plummeting more than 60% in the following days, according to data tracker CoinMarketCap.

The Japanese government has taken action to freeze the assets of nine Hamas operatives and a cryptocurrency trading company that were involved in financing the terrorist organization. This decision was reached during a cabinet meeting on the 31st October, Yonhap News reported.

Terraform Labs co-founder Do Kwon has requested a United States district judge to reject the securities and fraud suit from the federal securities regulator, claiming it has failed to prove they did anything wrong.

The puzzle game on his Android phone had been interrupted by a video showing Hamas militants, terrified Israeli families and blurred graphic footage. Over a black screen, a message from the Israeli Ministry of Foreign Affairs told the first grader: «WE WILL MAKE SURE THAT THOSE WHO HARM US PAY A HEAVY PRICE.» Assis, a 28-year-old barista from Brazil, said that the ad left her son shaken and she quickly deleted the game. «He was shocked,» she said in a telephone interview last week.

Google CEO Sundar Pichai on Monday acknowledged the importance of making its search engine the default in keeping users loyal — a key point in a once-in-a generation U.S. antitrust fight focused on billions of dollars Google paid to be the default on laptops and smartphones. Google, which started paying for default status on devices in 2005, monitored for compliance. At one point, the company expressed concern to Apple that its Safari browser would send particular queries, especially lucrative ones, to companies like Amazon.com.

shares rallied on Tuesday amid speculation that the central bank will loosen yield curve controls later in the day, offsetting a big drop in tech stocks following declines for U.S. peers and disappointing earnings from Panasonic. The Topix banking index climbed 2.25% as of 10:28 local time (0128 GMT) to lead gains among the Tokyo Stock Exchange's (TSE) 33 industry groups. The Nikkei newspaper reported overnight that the Bank of Japan will consider raising the ceiling for long-term yields from the current 1% at its policy meeting likely ending sometime around the TSE's midday trading recess. The benchmark 10-year Japanese government bond yield jumped to a fresh decade high at 0.955% shortly after the market open, while the yen traded around 149.42 per dollar after reaching a nearly two-week high of 148.81 overnight. «It feels to me personally like there's going to be a policy tweak today» by the BOJ, said Kazuo Kamitani, an equity market strategist at Nomura Securities. However, in the event of a hawkish shift, «I don't expect a big swing in the long-term yield from here, as it's already come a good way, but investors will want to confirm that,» he said. Japan's Topix index gained 0.43%, with an index of value shares such as banks rallying 0.65%, outpacing a 0.21% rise for growth shares, which are predominantly tech names . The Nikkei 225 share average, with its heavy weighting for tech shares, slipped 0.18% to 30,640.89. Chip-testing equipment manufacturer Advantest was the Nikkei's biggest drag, shaving off 44 points with a 4.3% slide.

All three major U.S. stock indexes closed up more than 1%, bouncing back from the previous week's sell-off.

Armenia in South Caucasus is a hidden treasure with its world class wines, pristine valleys, breathtaking views that caters to a variety of tourists and lagro products that would be savoured globally. Not many are aware that the world’s first winery existed in Armenia 6,000 years back and in present-day Armenia it has been revived leading to a craze for tastier home-grown wine even as the locally produced Brandy remains popular in the region and beyond. Over the last decade and a half almost 200 local wine brands have entered the market making a market not only locally but in Russia, Europe and the USA. India is the next preferred target for the Armenian wine industry in the backdrop of emerging strategic partnership. Leading from the front is Armas and its dynamic CEO Victoria Aslanian – vineyards, Winery, Distillery, Hotel and Tasting room. “Wine existed in Armenia since antiquity and the industry has been revived successfully.

Day trading guide for today: Despite mixed global market cues, Indian stock market ended higher on Monday. Extending the pull back rally for second straight session, Nifty 50 index gained 93 points and ended at 19,140 levels, BSE Sensex shot up 329 points and finished at 64,112 mark whereas Bank Nifty index surged 257 points and closed at 43,039 levels. In broad market, mid-cap index added 0.13 per cent while small-cap index finished with marginal gains.

Chief executive Tim Ford aims to turn California’s high-end Daou Vineyards that Treasury Wine Estates is buying in a $US1 billion ($1.6 billion) deal into a global brand like the Australian company’s flagship, Penfolds.

IperionX Technology, a small caps darling focused on producing high-performance titanium alloys, was flaunting its just-announced grant from US Department of Defense as it knocked together an equity raising on Tuesday morning.

PwC has picked the head of its international advisory business, Mohamed Kande, to be its next chairman, putting the big four accounting firm in the hands of a consulting partner for the first time.

US Federal Reserve and the Bank of England will leave interest rates unchanged on Wednesday and Thursday, respectively. This week, investors will also keep a close eye on policy announcement from Japan’s central bank and China factory data. The US stocks rallied more than 1% on Monday ahead of jobs data and the Federal Reserve's two-day monetary policy meeting.