Usa Financial News

WASHINGTON (Reuters) — Sundar Pichai, CEO of Alphabet (NASDAQ:GOOGL) Inc and its subsidiary Google, testified Monday in a once-in-a generation antitrust fight with the U.S. government that the company sought to make browser use and internet search easy and secure.

The ghastly events of this past month raise again some troubling questions: Does crypto have a terrorist fundraising problem? Are its networks really being exploited by terrorists to wreak global havoc? If so, what must it do better?

What is a cryptocurrency? Ever received a paper token from your next-door paan shop in lieu of a small change, which he would accept the next time you visit him? Imagine that token digitally, and that's your cryptocurrency. The big difference is, here there is no owner-issuer and it would, at least in theory, be accepted globally. Cryptocurrency is a digital or virtual coin secured by cryptography, which makes it next to impossible to counterfeit. They have their own store values, and are designed to use as a medium of exchange for buying goods or services. Cryptocurrencies are decentralised, meaning that no authority regulates them. They are built on the blockchain network technology, which ensures transparency and helps track every transaction. Such currencies, theoretically, are immune to government interference or any kind of manipulation. Because cryptocurrencies do not have an underlying economic base, they are inflation-proof. Plus, the digital structure facilitates free portability across geographical borders, divisibility and transparency. However, they are often criticised for the possibility of misuse in illegal activities, exchange rate volatility and the vulnerability of the infrastructure underlying them.How do cryptocurrencies work? Cryptocurrencies work using a technology called blockchain. They are tokens that can be used as a form of payment in exchange for online goods and services. They carry a pre-determined store value of their own, just like any other fiat currency like the US dollar or the Indian rupee. Cryptocurrencies are digitally mined, where very sophisticated computers solve extremely complex computational mathematics problems. Their mining is painstaking, costly and only sporadically

equity indices rose for the second straight session on Monday on buying in Reliance Industries, HDFC Bank and ICICI Bank. Foreign institutional investors (FIIs) on Monday sold stocks of Indian companies worth Rs 8,415.56 crore and bought stocks for Rs 6,653.70 crore, resulting in an outflow of Rs 1,761.86 crore, according to NSE data. Domestic institutional investors (DIIs) bought equities worth Rs 7,523.60 crore and offloaded shares worth Rs 6,195.13 crore, resulting in an inflow of Rs 1,328.47 crore, the exchange data showed.

Israel is pounding Gaza non-stop and from all fronts to get to Hamas. But, oil traders seem more concerned right now about what the Federal Reserve might do or say at the central bank’s rate decision on Wednesday and how the US job numbers for October will turn out on Friday, than the Middle East’s raging war that practically had markets on tenterhooks last week.

Incoming investment capital and immigration will lead to a major economic shift that will turn El Salvador into a financial center, argued Gabor Gurbacs, strategy adviser of investment management giant VanEck.

The Group of Seven (G7) industrial countries are scheduled to agree upon an artificial intelligence (AI) code of conduct for developers on Oct. 30, according to a report by Reuters. 

Employers in the US probably tempered their pace of hiring this month after beefing up payrolls by the most since the start of the year, consistent with a sturdy labor market that’s powering economic expansion.

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon plans to sell shares currently worth about $141 million, the first such transaction since he took the helm at the Wall Street giant almost 18 years ago.

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Indian markets have been under pressure in October, down 2.5 percent as ucertainties from the Israel-Hamas conflict along with rising bond yields and crude oil prices, and continued foreign investor outflows continue to weigh. Investors concerned about a longer period of high rates have also kept the markets on the sidelines. Meanwhile, from their peaks hit in September, the indices have lost over 5 percent each.

Seurat Technologies, a 3D metal-printing startup, on Monday hinted at potentially going public in the medium term and said it had raised $99 million in a funding round co-led by chip designer Nvidia's venture capital arm. With the latest series C funding round, the company's valuation will approach $350 million, said a source who asked not to be named.

Shweta Rajani, Senior Vice President — Mutual Fund Advisory, Anand Rathi Wealth, says “valuation-wise, given the recent correction, largecaps are fairly priced, smallcaps have gone into an attractive zone. Midcaps are fair value to the expensive zone range. In such a scenario of 50% in large and 20% to mid, having 30% in smallcap in the portfolio would be a good market cap mix. One can look at realigning your portfolios to this market cap.” Looking at the fresh levels of the market, a lot of investors must be thinking whether their regular investments should be continued or not. A lot of investors, especially matured ones would be waiting for this kind of a fall or volatility to enhance their investments. amounts also. But let us talk about the fear part. What, according to you, are normal questions that investors might think of looking at the market condition right now? Markets in the last few days have been pretty much volatile. Just to give you certain numbers, from March till now, Nifty50 had run up by more than 20% and in the last few days, we have seen a correction of around 6%. Clearly, the question that comes to anybody’s mind is looking at the geopolitical situation, the Israel-Gaza war, what could happen to that and therefore the impact on Indian markets.

Nifty 50 today: Key equity indices the Sensex and the Nifty 50 closed in the positive territory for the second consecutive session on Monday, October 30, on gains led by select heavyweights including Reliance Industries, HDFC Bank and ICICI Bank, amid positive global cues. Major European markets, including the UK's FTSE, France's CAC 40 and Germany's DAX were up over half a per cent each when the Sensex closed as investors shifted focus on key central bank meetings this week.

Vancouver Sun, people voted in Surrey on Sunday. It was the second referendum on Khalistan held by Surrey Gurdwara where pro-Khalistan leader Hardeep Singh Nijjar was shot dead in June. Also, the US-based group Sikhs For Justice held a second round of voting in British Columbia for its unofficial referendum to create an independent Sikh state, CBC news reported.

US Federal Reserve is expected to keep interest rates steady at a 22-year high in its policy meeting on October 31-November 1 even as the US economy remains resilient despite high interest rates while inflation still remains above the Fed's 2 per cent target level. In its last policy meeting, the Fed had left the benchmark interest rates unchanged at 5.25 per cent - 5.50 per cent.

Bitcoin (BTC) starts a new week at comfortable highs as traders square off over BTC price action to come.

Gary Gensler once criticized the United States securities regulator for its “inconsistent” approach to spot Bitcoin (BTC) products, according to a resurfaced video of Gensler from 2019.

United States-based cryptocurrency exchange Kraken said it will share the data of 42,000 users with the U.S. Internal Revenue Service (IRS) in compliance with a court order. The information will be sent to the IRS in early November. 

Investing.com — US stock futures were trading higher during Sunday's evening deals, after major benchmark averages finished the week at multi-month lows as investors brace for a busy week of earnings reports and economic data.