Usa Financial News

(Reuters) — U.S. equity funds suffered substantial outflows in the week ending Oct. 11, driven by concerns over persistent higher U.S. interest rates and escalating geopolitical tensions in the Middle East.

Check out what's clicking on FoxBusiness.com

Novo Nordisk (NYSE:NVO) gained 2% in pre-open trading Friday after raising its sales and earnings outlook for the year amid robust growth of weight loss drugs Ozempic and Wegovy.

Blue chip crypto markets are in consolidation mode on Friday as traders continue to digest this week’s barrage of hot US inflation readings and mixed commentary from the US Federal Reserve.

Some residents of the city of El Paso in the US state of Texas have received a legitimate-looking letter from scammers impersonating as Federal Bureau of Investigation (FBI) asking to pay cryptocurrencies.

Backed by famous artists, US-based company Blackdot has revealed a machine that inks blockchain-stored tattoos that clients also own as non-fungible tokens (NFTs) - enabling artists to earn future royalties. 

Terraform Labs, the entity behind Terra (LUNA) and TerraUSD (UST), has accused market maker Citadel Securities of a "concerted, intentional effort" to cause the collapse of its stablecoin in May 2022.

₹1,806 apiece. Despite the company's shares underperforming this year, domestic brokerage firm Nuvama Institutional Equities has remained optimistic about the firm's long-term prospects. It has a 'buy' rating on the stock with a target price of ₹1,935 apiece, indicating a 22.31 percent upside.

downturn that may or may not materialise. Just buy and hold stocks, and wait for returns that will erase any number of brief dips. Unfortunately, there is a catch.

Bitcoin (BTC) ranged around the key $26,800 mark for a second day on Oct. 13 with a decision due in United States regulators’ battle with crypto investment giant Grayscale.

JD fell as much as 13% to a record low on Friday after several banks and brokers cut price targets and revenue growth forecasts for the firm, citing a weaker-than-expected recovery in consumer spending. The brokerages and banks including Citi, Daiwa and Jefferies, which issued notes to clients on Thursday and Friday with the revised estimates.

Also read- Q2 result preview: Strong US performance to lift the show for pharma companies The Indian Pharma market grew 8.6% year-on-year in September 2023 suggested Motilal Oswal Financial Services report. The September growth rate was encouraging since IPM had grown at a tepid rate of 5.8% in August 2023. The growth rate is also higher than 6.5% in September’ 2022.

Oil rose sharply Friday on fears that the fighting between Israel and Hamas could destabilize the Middle East and crimp global supply as Iran said a new front to the conflict was possible.

All year, Wall Street pros have been sinking record sums of cash into the world’s largest Treasury ETF in a high-conviction bet that interest rates have peaked. All year they’ve been wrong, with an estimated $10 billion loss — yet that’s not stopping a cohort of dip buyers braving the worst market drawdown in decades.

US stocks can avoid a dire outlook as long as bond yields stay below a historic high of 5%, according to Bank of America Corp. strategist Michael Hartnett.

With retirement just around the corner, a significant group of Americans have less saved for their post-working years than they need.

When US banks kick off the third-quarter earnings season Friday, it will mark the first in a long line of hurdles the group needs to clear in order to assuage investor fears.

currency manipulators should be reviewed, said India’s central bank governor, who defended the need to buttress their economies from market swings. “There has to be a two-sided appreciation of the challenges” emerging markets face dealing with spillover effects of advanced economy policies, Reserve Bank of India Governor Shaktikanta Das said Thursday at the annual meetings of the International Monetary Fund and World Bank in Marrakech, Morocco. India was most recently on the US Treasury’s watchlist as a potential currency manipulator in late 2020 and was removed two years later. In its June update, Treasury didn’t label any major trading partner as a manipulator, however seven economies remained on its monitoring list including China, Germany and Switzerland. India’s central bank has been one of the most active dollar buyers in the market in recent years as it seeks to build reserves to fend off any speculative attack on the currency.

positive global cues, according to HDFC Securities. In the previous trade, the yellow metal had ended at Rs 58,700 per 10 grams.

Ripple chief technology officer David Schwartz has countered Cardano founder’s comments about possible motives behind the United States regulators’ determination that Ether (ETH) is not a security.

The United States government is considering additional measures to curb Chinese developers from gaining access to artificial intelligence (AI) semiconductor chips made in the U.S. via third parties.