Usa Financial News
01.10 / 16:23
regulation
Shuts Down
Us government shutdown
Congress Passes Funding Bill to Avoid US Government Shutdown
The United States Senate passed a bipartisan bill on Saturday evening, just three hours before the midnight deadline, to prevent a government shutdown.
01.10 / 14:57
Citi
FIVE
Booking
Aviat
Mobile
economy
travelers
Air India launches 'FlyAirIndiaSale' offering attractive fares on all India-US routes, check details here
₹42,999 for one-way and ₹52,999 for return. Apart from this, Air India said that all-premium economy fares start from ₹79,999 for one way and ₹1,09,999 for return. It added that currently, Air India’s premium economy class is available to guests traveling on select routes: Bengaluru-San Francisco, Mumbai-San Francisco, and Mumbai-New York.
01.10 / 12:35
UPS
Provident
Fighting
Bill
President
Support
Ukraine aid is dropped from government funding bill. That raises questions about future US support
Ukraine say they won't give up after a bill to keep the federal government open excluded President Joe Biden's request to provide more security assistance to the war-torn nation. Still, many lawmakers acknowledge that winning approval for Ukraine assistance in Congress is growing more difficult as the war between Russia and Ukraine grinds on. Republican resistance to the aid has been gaining momentum in the halls of Congress.
01.10 / 12:29
COST
UPS
SUN
UBS
Graphite to surge, Syrah and Talga the best bet for investors: UBS
Syrah Resources, the ASX-listed graphite producer, is set for a moment in the sun with demand for the key battery material expected to send spot prices up by more than 50 per cent, according to brokers at UBS.
01.10 / 11:55
Ball
WhatsApp
Powerball jackpot: Almost $1 billion on line for Sunday’s draw
ABC News quoted the lottery as saying. The Powerball lottery also noted that Saturday night’s drawing for the $960 million jackpot produced white balls 19, 30, 37, 44, and 46 with red Powerball 22. As per details, Saturday's winner would have brought home the fourth-largest Powerball jackpot ever.
01.10 / 11:48
UPS
Target
Progressive
Manufacturing
Tesla
reports
week
Tesla can't avoid EU probe; Nio cries fake news: This week in EVs
Investing.com — Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: Nio denies reports of fundraising effort; and Tesla finds itself subject to EU probe.
01.10 / 11:48
01.10 / 09:23
Lowe's
economy
Morningstar
Experts
performer
country
FPIs turn net sellers after 6 months of investment; withdraw Rs 14,767 cr in Sept
net sellers and pulled out of over Rs 14,767 crore from Indian equities in September, primarily due to dollar appreciation, steady rise in the US bond yields, and a spike in crude oil prices. Going forward, the outlook for FPI flows in India is uncertain, as it will depend on the performance of the Indian economy, the RBI's October monetary policy, and the outcome of the September quarter earnings, Mayank Mehra, smallcase, manager and principal partner at Craving Alpha, said. According to data with the depositories, Foreign Portfolio Investors (FPIs) have sold shares to the tune of Rs 14,767 crore in September.
01.10 / 07:35
Citizens
VISA
President
country
reports
Department
evacuation
Why Afghanistan embassy in New Delhi has ceased its operations? Explained
Afghan embassy in India stated that a failure to meet expectations in serving Afghanistan's interests is another crucial factor in shutting off the embassy. India has not recognized the Taliban government, which seized power in Afghanistan in August 2021.
01.10 / 07:35
Law
regulation
Fraud
FTX
DOJ readies witnesses in Bankman-Fried trial, spotlight on FTX assets
The Department of Justice (DOJ) has affirmed its plan to summon former FTX clients, investors, and staff as witnesses in the upcoming trial involving Sam Bankman-Fried, the former FTX executive. This will shed light on how these individuals viewed their interactions with Bankman-Fried and his company.
01.10 / 06:25
Provident
CEO
Software
economy
country
exclusive
blues
India 'big hub' for blue collar economy: Fountain CEO Sean Behr
Fountain, a provider of hiring automation software for frontline workforces, considers India as one of the «big hubs» in this space, a top company official said. The company is present in the US, Western Europe — UK, France, Germany as well as in South Africa, India, New Zealand and a few other countries. «The big hubs are India, UK and France,» Founder and CEO of the company Sean Behr told PTI.
01.10 / 04:39
Binance
SEC
Platform
Action
coinbase
economy
Enterprise
Influential US crypto industry leaders say SEC overstepped with Binance allegations
crypto company: Binance. Stablecoin issuer Circle Internet Financial Ltd. and crypto investment fund Paradigm Operations submitted filings this week arguing that the Securities and Exchange Commission had overstepped its authority when it filed charges against the world’s biggest crypto exchange in June. The SEC has alleged that Binance engaged in what the regulator described as “an extensive web of deception, conflicts of interest, lack of disclosure and calculated evasion of the law.” Binance has called the complaint “disappointing,” and said it had engaged with the SEC in good-faith negotiations to settle the matter.
01.10 / 04:39
Provident
WhatsApp
country
blues
Updates
Tired of WhatsApp group clutter? Channels can be your gateway to relevant updates without the chaos
While they can be useful, there’s no denying that WhatsApp groups can be overwhelming. In India, WhatsApp has become the primary source of communication. Unlike the US, where the blue bubble — iMessage — is quite coveted, even iPhone users in India probably use WhatsApp more. But the problem with these groups is that the useful content often gets drowned out by inane messages. WhatsApp Channels is a good alternative to get updates and yet keep your privacy — and sanity — intact. One-Way StreetCh
01.10 / 04:39
01.10 / 04:39
Remark
Celebrity
show
country
voice
gatherings
Like Chandrayaan, US-India relationship will go to the moon and even beyond, says EAM Jaishankar
External Affairs Minister S Jaishankar has said, stressing that like the Chandrayaan, bilateral ties will go to the moon and even beyond. Jaishankar's remarks came as he addressed several hundred Indian-Americans gathered at the India House from various parts of the US to attend the 'Celebrating Colours of Friendship' event organised by the Embassy of India here on Saturday. «There is one clear message today that our relationship is at an all-time high.
01.10 / 04:39
Citizens
WhatsApp
country
Afghanistan embassy in New Delhi blames India for its shutdown; internet reacts
Afghanistan's interests is another crucial factor in shutting off the embassy. "Given these circumstances, it is with deep regret that we have taken the difficult decision to close all operations of the mission with the exception of emergency consular services to Afghan citizens till the transfer of the custodial authority of the mission to the host country," the embassy said. It further said, “This decision, while deeply regrettable, is made after careful consideration, taking into account the historic ties and long." On X, the Afghan embassy in India listed the key factors affecting its ability to continue the mission effectively which include lack of support from the host government, failure to meet expectations in serving Afghanistan's interests, and reduction in personnel and resources.
01.10 / 04:39
UPS
TCS
How to cut your TCS hit if you invest in foreign assets
tax regulations is set to impact Indian residents investing in foreign assets. A Tax Collected at Source (TCS) of 20% will be levied on foreign remittances exceeding Rs 7 lakh in a financial year, with some exceptions. This alteration in the tax regime will influence those who invest in international stocks or plan to acquire real estate abroad. Presently, there is no TCS on foreign remittances up to Rs 7 lakh per year. However, if investors send more than Rs 7 lakh for investments in foreign securities under the Liberalised Remittance Scheme (LRS), a TCS of 5% is applicable. So, what changes are expected this month? The Budget 2023 has raised the TCS rate on foreign remittances of over Rs 7 lakh through the LRS to 20%. This higher rate will come into effect on October 1, 2023. Here's a breakdown of the TCS and its implications for investors: Imagine you are an Indian resident directly investing in US stocks. You have already invested Rs 7 lakh in the relevant financial year and plan to add Rs 1 lakh more to your overseas broking account. If you remit Rs 1 lakh to the broking account through a bank, Rs 20,000 will be deducted as TCS by the bank, leaving only Rs 80,000 in your broking account.
01.10 / 03:29
Law
regulation
FTX
Court
SEC initiates legal action against FTX's auditor
The United States Securities and Exchange Commission (SEC) has commenced legal proceedings against an accounting firm that had provided services to cryptocurrency exchange FTX prior to its bankruptcy declaration.
01.10 / 02:53
01.10 / 02:43
UPS
Fighting
Bill
reports
prevention
US: Spending bill passes in House, heads to Senate as shutdown fear looms
United States House on Saturday approved a 45-day stopgap funding bill to avert a government shutdown, sending the legislation to the Senate for consideration hours before the midnight funding deadline, The Hill reported. Notably, the decision is poised to prevent the government from falling off the shutdown cliff, which many lawmakers thought was inevitable after weeks of disagreements within the House GOP conference and between both chambers. The measure would keep the government funded at current spending levels through November 17. It includes USD 16 billion in disaster relief — matching the figure the White House included in a supplemental request.
01.10 / 02:43
UPS
Parke
Nov
Bill
President
reports
US Congress passes stopgap bill to avert government shutdown
funding bill late on Saturday with overwhelming Democratic support after Republican Speaker Kevin McCarthy backed down from an earlier demand by his party's hardliners for a partisan bill. The Democratic-majority Senate voted 88-9 to pass the measure to avoid the federal government's fourth partial shutdown in a decade, sending it to President Joe Biden to sign into law before the 12:01 a.m. ET (0401 GMT) deadline. McCarthy abandoned party hardliners' insistence that any bill pass the chamber with only Republican votes, a change that could cause one of his far-right members to try to oust him from his leadership role. The House voted 335-91 to fund the government through Nov.
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