Usa Financial News

By Svea Herbst-Bayliss and Lananh Nguyen

A major candidate for the US Presidency is on the verge of releasing a “comprehensive crypto policy framework”.

U.S. stocks slumped after the Federal Reserve said it may not cut interest rates next year by as much as it earlier thought, regardless of how much Wall Street wants it

Airbnb says it's cracking down on fake listings, which are emerging as a major problem for customers of the short-term rental site

The U.S. Food and Drug Administration declined to approve a nasal spray to treat severe allergic reactions, calling for more research on what would have been the first alternative to injections using devices such as an EpiPen

Budweiser parent company Anheuser-Busch InBev announced Wednesday that its iconic Clydesdales will no longer have their tails shortened using a common, yet controversial, procedure that has drawn the ire of animal activists

The railroad industry is trying to make sure that emergency responders can quickly look up what is on a train quickly when they respond to a derailment

India has advised its citizens to be careful when traveling to Canada as a rift between the two nations widens further in the wake of Ottawa’s allegations that India may have been involved in the killing of a Sikh separatist leader in suburban Vancouver

The Bill & Melinda Gates Foundation pledged $200 million to help save the lives of mothers and children during childbirth

Washington’s revolving door kept spinning this week as the Drug Enforcement Administration’s recently departed second-in-command returned for another stint with a high-powered consulting firm where he previously advised OxyContin maker Purdue Pharma

Environmental activists are praising President Joe Biden's New Deal-style American Climate Corps

The next generation of Microsoft hardware products might include better support for crypto wallets, a report by Axios suggested on Monday.

Apple and Goldman Sachs scrapped plans to launch an app for futures trading, CNBC reported on Sept. 19, citing people familiar with the plans. 

The U.S. House Financial Services Committee is currently a battleground for discussions concerning the possible launch of a Central Bank Digital Currency (CBDC) by the Federal Reserve. 

As expected, the Federal Reserve (Fed) left benchmark interest rates in the US unchanged at 5.25-5.5% on Wednesday.

Hong Kong lawmaker Duncan Chiu has announced the launch of the second round of consultations aimed at formulating stablecoin issuance guidelines.

Real estate stocks gained 2.2%. Euro zone banks surged 2%, on UniCredit’s 4.7% rally. Canada stocks pared its earlier gains to end down on Wednesday.

The rally in equities since the October lows has been hailed by many commentators as the start of a new bull market, but even a 20-plus per cent move can be a normal feature of a protracted bear market. This is nothing we have not seen before, having experienced 20-plus per cent rebounds in the 2000/02 and 2007/09 bear markets. Every bear market in the past, as an aside, had a reflexive rally off the oversold lows that followed the first leg down. So please, let’s not hyperventilate.

₹80, a craft chocolate bar can cost anywhere between ₹200 and ₹400. But unlike beer or coffee, chocolates have a wider consumer base, including children. The appetite appears to be growing fast.

Debate in the United States House Financial Services Committee during the markup of the CBDC Anti-Surveillance State Act on Sept. 20 occasionally wandered beyond strictly financial and technical issues. Star Wars and anarchists were mentioned in the discussion at various points, as were crypto bros.

global manufacturing over the past five years, with its exports to the US surging by $23 billion, a 44% increase from 2018 to 2022, while China experienced a 10% decline in exports to the US during this period, according to a BCG study on global manufacturing shifts. The study, titled 'Harnessing the Tectonic Shifts in Global Manufacturing', said the shifts in manufacturing and sourcing occurred in a range of industries as global companies have had to rethink their manufacturing and sourcing strategies due to trade wars, the pandemic, geopolitical tensions and supply bottlenecks. And as companies reconfigured strategies, India became one of the preferred manufacturing spots. Semiconductor and material shipments from India to the US surged by 143% over the past five years, albeit from a modest starting point, while China saw a 29% decrease in these exports.