Usa Financial News

(Reuters) -Chevron said on Monday it agreed to buy Hess for $53 billion in stock, the second proposed mega-merger among the biggest U.S. oil players after Exxon Mobil (NYSE:XOM) bid $60 billion for Pioneer Natural Resources (NYSE:PXD) earlier this month.

Vivek Ramaswamy has made a plea for the United States to create its own missile defense system, drawing inspiration from Israel's Iron Dome. The Indian origin billionaire believes in the necessity of such a system to protect the nation from external threats, particularly in light of the advanced missile capabilities possessed by countries like Russia. In his further argument, he pointed out the fact that Russia possesses hypersonic missile capabilities that outmatch those of the United States.

Lupin Ltd on Monday said it has received approval from the US health regulator to market its generic Fluconazole tablets used in the treatment of fungal infections. The approval granted by the US Food and Drug Administration (USFDA) for the abbreviated new drug application of Fluconazole tablets in strengths of 50 mg, 100 mg, 150 mg and 200 mg, Lupin said in a regulatory filing.

Travis Kelce, American singer-songwriter Taylor Swift once again attended a Kansas City Chiefs game on Sunday. She was spotted sitting next to Patrick Mahomes’ wife Brittany at Arrowhead Stadium. She was seen wearing a Chiefs sweatshirt and a friendship bracelet featuring Kelce’s jersey number '87' in between two hearts. Swift cheered the Chiefs as they beat the Los Angeles Chargers 31-17.

Earlier this year, economists and Federal Reserve officials predicted that the U.S. economy would be sputtering by now as higher interest rates cut into spending and investment. The opposite is happening.

Reliance Industries Ltd., is all set to finalise a multibillion dollar deal with Walt Disney Co. to by its India operations, reported Bloomberg citing sources on Monday. After the deal, the RIL is expected to enjoy a controlling stake in the Disney Star business, which as an estimated valuation of $10 billion.

rupee closed 13 paise higher at 83.12 against the US dollar. Analysts said hardening US bond yields amid a higher risk of broader conflict in the Middle East weighed on emerging currencies and riskier assets. The US 10 year Treasury yields hit 5% for the first time since 2007.

The odds of a year-end rally in US stocks are fading as investors face a multitude of risks from elevated profit estimates to the Federal Reserve’s policy tightening, according to Morgan Stanley’s Michael Wilson.

A surprisingly strong US economy and mixed signals from the Federal Reserve have fueled some of the wildest swings in Treasuries in recent memory. Add geopolitical angst and a surge in debt supply and you have a recipe for sustained volatility for months to come, market watchers say.

Saudi Arabia's Prince Turki al-Faisal recently spoke about the ongoing violence in the Middle East, making references to historical events in India. The Saudi prince condemned both Hamas and Israel for their attacks on civilians, emphasizing the importance of peaceful resistance. During a speech at the Baker Institute in the US, Prince Turki al-Faisal stated, «All military occupied people have a right to resist the occupation, even militantly.

Arun Misra, CEO, Hindustan Zinc, says the annual general meeting is over and there is no chance of taking that decision which was taken in the board to make it effective. So if at all it has to happen, it has to come as a fresh proposal and a fresh decision. Right now, there is no such proposal for consideration of the board. Sequentially, Hindustan Zinc revenues have seen a dip and this is primarily due to the fall in the zinc prices. How has the demand been in the zinc market both domestically as well as globally? At the end of Q1, you said you had expected the zinc prices to rise by the end of the year. Given the volatility in prices, do you still believe zinc prices are poised to go higher? Let us start with global first.

Reliance Industries, controlled by Asia’s richest tycoon Mukesh Ambani, is nearing a cash and stock deal to buy Walt Disney’s India operations, according to people familiar with the matter. The US entertainment giant may sell a controlling stake in the Disney Star business, which it values at around $10 billion, as opposed to piecemeal transactions weighed earlier, the people said, asking not to be named because the discussions are private. Reliance views the assets at between $7 billion to $8 billion, some of the people said.

The world's 500 largest asset managers’ total assets in 2022 amounted to $113.7trn, compared to $131.7trn in the previous year.

Oil and gold could see sharp price swings this week as the United States and other world powers try to slow the war in the Middle East to bring in humanitarian aid and negotiate the release of Israeli prisoners from Palestinian hold, even as Jerusalem vows to continue its mission of dislodging Hamas from Gaza.

The Worldcoin Foundation has announced a major change in the reward system for the Orb device operators: they are now paid in WLD tokens instead of the popular stablecoin USD Coin (USDC).

Tether Holdings, the issuer of the world's largest stablecoin Tether (USDT), has announced plans to provide real-time updates of its reserve data. 

The run-up in yields on the 10-year Treasury bond, seen as a safe-haven in times of economic uncertainty and a benchmark for borrowing costs around the world, has been driven by investors pricing in stronger U.S. growth as well as fiscal slippage. Yields at the long-end rose quickly after Federal Reserve Chair Jerome Powell said last week that the U.S.

Pearl Global Industries shares have been performing exceptionally well on Dalal Street, rewarding their shareholders massively in a relatively short period of time. In just three months, the stock more than doubled investors' wealth by delivering a return of nearly 121%. Over the last six months, the stock has seen a significant increase in value, climbing from ₹438 apiece to ₹1,404, generating a return of 220%.

stock market continue to remain under the grip os bears for fourth straight session during Monday deals. Nifty 50 index opened lower at 19,521 and went on to hit intraday low of 19,404 during Monday deals, losing over 400 points in four straight sessions. BSE Sensex today opened at 65,419 levels and went on to hit intraday low of 65,022 levels, losing over 1400 points in last four sessions.

Amber Enterprises India down over 10%, NBCC (India) falling more than 8% and, IRB, Central Bank of India and SJVN share prices falling over 7% each. Fall in Amber Enterprises shares came after the company’s net loss in Q2FY24 widened to ₹5.6 crore from a loss of ₹2.2 crore a year ago.

Axis Bank sees some consolidation in the second half of FY24 (H2FY24) amid a rise in crude oil prices, higher bond yields, and resurfacing inflationary fears. The global bond markets are going through a rough patch. US yields hit a fresh 16-year high after a bond selloff amid growing concerns on hawkish policy comments and interest rates which are likely to remain elevated for a longer period of time.