Usa Financial News

Buy or sell stocks: Amid expectations of partial US shutdown, Indian stock market opened upside and extended its early morning gains further during Friday session. Nifty 50 index gained 114 points and closed at 19,638 levels, BSE Sensex went up 320 points and ended at 65,828 mark whereas Bank Nifty index added 283 points and closed at 44,584 levels.

Global market update: Wall Street indices erased its gains from signs of subsiding inflation as investors seems weary of US shutdown on October 1, 2023. Dow Jones index ended 0.47 per cent lower whereas S&P 500 index went down 0.27 per cent on Friday. However, tech heavy weight Nasdaq manged to remain in positive territory as it closed 0.14 per cent higher on Friday.

Motilal Oswal Financial Services believes the RBI will keep interest rates unchanged in 2023. In an interview with Mint, he said the RBI will cut rates only after the US Federal Reserve. Talking about the IT sector, he said valuations are attractive after sharp underperformance hence long-term investors can gradually accumulate in a staggered manner.

The largest dam removal project in U.S. history is underway along the border between California and Oregon

Terraform Labs co-founder Do Kwon has refuted the significance of Slack messages as evidence, which involved discussions with his co-founder Daniel Shin about manipulating transactions on the Terra blockchain to attract investors.

stocks. The S&P 500 and Nasdaq posted their biggest monthly percentage drops of the year, while all three major indexes had their first quarterly declines in 2023. Data showed the personal consumption expenditures (PCE) price index, excluding the volatile food and energy components, increased 3.9% on an annual basis for August, the first time in over two years it had fallen below 4%. The Fed tracks the PCE price indexes for its 2% inflation target. Stocks had pushed higher initially after the PCE report but then faded. The data revealed a «better than expected but still elevated inflation picture,» said Eric Freedman, chief investment officer at U.S.

Republican priorities that had little chance of passing the Democratic-controlled Senate. The defeat left Republicans - who control the chamber by 221-212 - without a clear strategy to avert a shutdown that would close national parks, disrupt pay for up to 4 million federal workers and hobble everything from financial oversight to scientific research if funding is not extended past 12:01 a.m. ET (0401 GMT) on Sunday.

Gold rate today: Despite risk prevailing in the global financial market, gold failed to emerge as 'investors' haven' and nosedived to two month low. Spot gold price even breached its crucial support of $1,880 per ounce levels and ended at $1,848 levels on Friday.

Republican-controlled House has made little progress — most recently with Speaker Kevin McCarthy’s last-ditch plan collapsing Friday. If spending measures aren't passed by Saturday night, millions of federal employees will be furloughed and many others will be forced to work without pay until the shutdown ends. A handful of federal safety services that people rely on everyday are also in jeopardy.

S&P Global Ratings. In contrast with the US government debt-ceiling impasse earlier this year, “a shutdown does not raise the risk of an event of default," said Mukherji in an email.

Reuters. The relations between India and Canada have been tense due to the presence of Khalistani terrorists in Canada who have kept alive the movement for Khalistanis or the demand for an independent Sikh state to be carved out of India. Earlier this month, Canadian Prime Minister Justin Trudeau alleged that Indian agents may have had a role in the June murder of Khalistan terrorist and Canadian citizen Hardeep Singh Nijjar, who was labeled a "terrorist" by India.

Indian Oil Corp's decision to award its mega insurance policy for a ₹4.52-lakh crore cover to New India Assurance Co for the ninth consecutive year has caused a stir among rival general insurers, prompting one of them to write to the petroleum ministry to seek a fresh tendering award, people ET spoke with, and emails accessed by this newspaper showed. New India has been backed by US reinsurer Chubb in this mega insurance deal for the country's biggest fuel retailer by value, customer touch points and capacity. The policy will be renewed for another year effective October 1. Indian Oil had opened a tendering process for this annual policy in July where a dozen public and private sector insurance companies had sent in expressions of interest.

India-Canada row, External Affairs Minister S Jaishankar said that both sides have articulated each other's views on the matter. Addressing a press conference in Washington DC on Friday, Jaishankar said, «I saw what the Americans have said, and hopefully, the Americans have seen what I have said. I think both of us have articulated our respective views...so I really don't know, beyond that, what else I can add». Jaishankar further said that the larger issue in the matter is the «permissiveness» regarding the incidents of violence and extremism in Canada, which has been flagged by India. «No incident is isolated and no incident is the totality.

Toncoin, and Solana were trading with gains, while XRP, BNB, Cardano, Dogecoin, and Litecoin were trading with cuts. Bitcoin (BTC) rose 0.7% to $26,419, whereas Ethereum (ETH) was above the 1,600 level. Meanwhile, the global cryptocurrency market cap was trading higher, around $1.06 trillion, rising 0.6% in the last 24 hours. BTC has managed to maintain its position above the $26,000 level, even as the S&P 500 experienced a significant drop to a three-month low and the US dollar index (DXY) reached a new year-to-date high. This relatively stable performance is viewed as a positive sign, indicating a lack of aggressive selling at lower price levels, said ZebPay Trade Desk. In today's trade, Solana, Toncoin, and Ethereum rose up to 3%, while XRP, Litecoin, and Cardano declined up to 1%.

Key Takeaways

Key Takeaways

Federal Reserve Bank of Chicago President Austan Goolsbee provides insight on the state of the U.S. economy on 'Making Money.'

Redfin CEO Glenn Kelman analyzes the state of the housing market after mortgage rates surged past 7% on 'Cavuto: Coast to Coast.'

FOX News senior congressional correspondent Chad Pegram reports on Congress’ efforts to avoid a government shutdown.

Solana (SOL) has experienced a corrective phase, striving to maintain crucial support levels. If Solana maintains its current price level and doesn't drop lower, it could see a potential double-bottom formation. 

In a recent development, police in Hong Kong and Macau have apprehended four more individuals linked to the ongoing JPEX crypto exchange case, as reported by the South China Morning Post on Friday.