Usa Financial News

Circle, the stablecoin issuer, has announced its plans to begin minting USD Coin (USDC) directly on the Polygon network.

October 10, 2023

At the time of publication, half of the legislative branch of the federal government of the United States was largely paralyzed following a vote ousting then Speaker Kevin McCarthy.

The United Auto Workers want something that most Americans don’t have: traditional pension plans.

U.S. Banks Asset Management Group CIO Eric Freedman joins ‘Mornings with Maria’ to discuss market activity, signs inflation is coming down and whether Americans can expect another rate hike in 2023. 

Love him or hate him, when Arthur Hayes speaks, people listen. 

Google may have tasted success in Japan, becoming the country's top smartphone player by market share and beating Apple in the process. But experts say replicating the same in India with its new smartphones would be a tough task for the US internet major despite a premiumisation wave in the local smartphone market.

NEW DELHI : The International Monetary Fund (IMF) lifted its 2023-24 growth projection for India to 6.3% from its July estimate of 6.1%, citing “stronger-than-expected consumption" during the June quarter. In contrast, the agency expects global growth of 3% in 2023 and 2.9% in 2024, with advanced economies expanding by 1.5% in 2023 and 1.4% in 2024. The Washington-based agency presents India’s economic growth forecast on a fiscal year basis while it uses the calendar year for other economies.

On October 5, American grocery store chain Trader Joe's filed a federal lawsuit against a decentralized finance (DeFi) platform named Trader Joe. 

Major blue-chip cryptocurrencies continue to slide, with Bitcoin (BTC) last trading in the $27,300s, down close to 1%, and Ether (ETH) last trading just to the north of $1,550 and down a little over 1%.

Day six of the trial of Sam Bankman-Fried saw the conclusion of former FTX chief technology officer Gary Wang’s testimony and the beginning of former Alameda Research CEO Caroline Ellison’s. Wang testified about his plea deal, among other things.

The trial of FTX founder Sam Bankman-Fried has taken a star turn as his former fellow top executive and ex-girlfriend Caroline Ellison began testifying against him

Mexico's president says he rejected a U.S. request to set up migrant transit centers in Mexico

By David Shepardson

Investing.com — The S&P 500 jumped Tuesday as investors continued to digest remarks from Federal Reserve officials hinting at another pause on rate hikes next month.

Former FTX CEO Sam “SBF” Bankman-Fried had ambitions to become the President of the United States, according to his former girlfriend and business associate Caroline Ellison.

Taraji P. Henson had prepared her entire outfit for Beyoncé's Renaissance tour, but the singer unexpectedly changed her plans. During her appearance on The Tonight Show Starring Jimmy Fallon this week, the Empire star revealed her sparkly outfit, inspired by a ninja with intricate silver chain detailing, which she had shared on Instagram. Henson pointed out that upon receiving the outfit, she found its quality to be subpar and contemplated discarding it, but ultimately decided against it. Meanwhile, a documentary chronicling Beyoncé's just-concluded 39-city Renaissance World Tour will premiere in North American theaters December 1, AMC Theaters announced last week. The film adds a second blockbuster from a music superstar to a fall slate of movies that's been slightly thinned out by the ongoing screen actors' strike.

Amazon has said it is looking forward to working with the Indian government and local partners to bring «affordable broadband» across the country in its first comments on entering India's nascent satcom market. «Project Kuiper (Amazon's broadband-from-space venture) will bring fast, affordable broadband to unserved and underserved communities around the world, including rural and remote places in India,» an Amazon spokesperson told ET in an emailed statement. «This (the move into India) is a long-term initiative for Amazon, and we look forward to working with the Indian government and local partners to connect customers and communities across the country,» it said. The Jeff Bezos-owned US tech giant's statement comes a day after ET reported in its October 10 edition that the US major has applied to the Indian National Space Promotion and Authorisation Centre (In-Space) for getting required approvals to provide broadband services in the country.

space sector to cut dependence on imports and manufacture space services-related equipment locally, as is the case with the telecom sector, the minister of state for communications, Devusinh Chauhan, said. “India’s telecom sector had huge reliance on imports, but...the country is now manufacturing telecom products (locally) and preparing for the next-generation of telecom technology…,” Chauhan said at an industry event on Tuesday. “Space will also have (an indigenous) technology like this.” The minister called on industry and stakeholders to explore additional futuristic technologies that could be “worked upon” in the telecom and satellite sectors. Tata-backed Nelco, though, warned that the very survival of satellite players in India would be at stake if satellite spectrum is not priced right by the government. The company reiterated the call for satellite spectrum allotment via the administrative route, as is the global practice. “Spectrum is the satellite industry’s lifeline…unless that is really (at) the right price, it will be impossible for the industry to survive,” Nelco managing director PJ Nath said at the event.

By Jarrett Renshaw and Valerie Volcovici

(Reuters) — The U.S. securities regulator is investigating how Twitter managed a 2018 security lapse that exposed personal user information before billionaire Elon Musk bought the social media platform last year, Bloomberg News reported.