Usa Financial News

Read hereThe US Federal Reserve is widely expected to keep its current interest rates unchanged during the meeting on September 19-20 despite persistent inflation levels exceeding the central bank's target range while the US economy remains resilient. The US Fed has been raising rates since March 2022 and this could be the second time since then that the Fed may maintain a pause on interest rate hikes.

International Cricket Council (ICC) have confirmed three major USA cities: Dallas, Florida and New York, as the venues for the ICC Men’s T20 World Cup 2024. The USA is set to host the T20 World Cup for the first time, with Grand Prairie in Dallas, Broward County in Florida and Nassau County in New York chosen as the venues for the grand event.

The California-based university Stanford University said it plans to return all funds it received from the now defunct cryptocurrency exchange FTX, according to a report from Bloomberg. 

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In a remarkable turn of events, Bitcoin (BTC) witnessed a significant 5% upswing, aligning with growing anticipation surrounding the Federal Open Market Committee (FOMC) announcements and the Federal Fund Rate. 

Robert Kiyosaki, the best-selling author of Rich Dad Poor Dad, has said that Bitcoin (BTC), gold, and silver are "bargains" today while warning about an impending stock market crash. 

The Philippines Securities and Exchange Commission (SEC) seeks to establish a joint regulatory framework around digital assets and to crack down on bad actors who engage in illicit crypto transactions.

US Federal Reserve will opt to maintain its current interest rates as it announces its policy decision later today. The two-day Federal Open Market Committee (FOMC) meeting began yesterday (September 19) and its outcome is due later today (September 20). The US Fed has been raising rates since March 2022 and this could be the second time since then that the Fed may maintain a pause on interest rate hikes.

Goldman Sachs Group Inc. rejoined the $100-a-barrel oil club, raising its forecast for crude back to triple digits as worldwide demand hits unprecedented levels and OPEC+ supply curbs continue to tighten the market. With prices advancing by more than 30% since mid-June to breach $95 a barrel on Tuesday, the Wall Street bank nudged up its 12-month forecast for global benchmark Brent to $100 a barrel from $93.

Bitcoin (BTC) held $27,000 into Sep. 20 as the key macroeconomic date of the cryptocurrency trading week arrived.

Semiconductor supply chains in Asian countries such as India, China, Malaysia, Taiwan, Vietnam, and Indonesia are becoming more significant over time for Intel, the company’s chief executive officer Pat Gelsinger said. “With our footprints in Malaysia and the vast supply chains in China and Taiwan, and areas like Vietnam, Indonesia, and India are now becoming more significant. As these projects start coming online with their manufacturing capabilities, we will have a robust Americas supply chain, and robust supply chain in Europe and Asia,” Gelsinger said, responding to a question from ET.

Nifty Bank index today opened at 45,493.70 and went on to hit an intraday low of 45,310.05 and an intraday high of 45,745.15. At 1.40 pm, Bank Nifty was 624.60 points or 1.36% down at 45360.65. The Bank Nifty Index, launched in 2000, contains twelve banking stocks that trade on the National Stock Exchange (NSE).

Motilal Oswal Financial Services questions whether US generics will reverse the tide for the pharmaceutical companies given that the market's prospects have recently improved. According to the brokerage in the report, from the perspective of incremental business, the US generics market continues to be a product-specific play. This would effectively deliver growth while also offsetting the deterioration in the base portfolio.

Origin Energy co-suitor EIG Partners has offered an undertaking to the competition regulator that it would not share sensitive information about LNG marketing as the bidders take extra steps to ease the watchdog’s worries about the proposed $18.7 billion takeover.

A Kansas bill that aimed to limit and prohibit cryptocurrency donations in political campaigns has been adjourned to January 2024. 

Global Biofuel Alliance. In this editorial, we will dig into this agreement and find out how India benefits from this. Read on… Biofuels are fuels from biomass such as animals, plants and algae.

Bank of England later this week, which is expected to yield a final rate rise in the current cycle. Sterling was last unchanged on the day against the dollar at $1.2382, just above Monday's session trough of $1.2371, its weakest since early June, and flat against the euro at 86.36 pence. The BoE meets on Thursday and money markets show traders widely expect to see one final quarter-point hike to 5.50%, but no realistic prospect of a rate cut until next summer.Inflation has fallen to 6.8% from a 41-year peak of 11.1% last October, but it is still the highest among major economies and progress in bringing it down has been far slower. Consumer inflation in the United States has fallen to 3.7% from last June's 9.1% rate, while in the euro zone, inflation is running at 5.3%, almost half last October's 10.7% reading. UK growth, meanwhile, is slowing more than most economists expected, after strikes in hospitals and schools and unusually wet weather weighed on output in July. Against that backdrop, a Reuters poll of economists last week showed a significant minority believe the BoE has room to raise rates at least once more this year after September. However, expectations for the BoE have softened in the past few weeks. Back in June, money markets showed traders believed UK rates could hit 6% by the middle of 2024, as the central bank was forced to keep tightening monetary policy to tackle inflation. «With the BoE market pricing now more reasonable, and sterling positioning still long, we think it will be harder for GBP to stage fresh rallies in the near term.

Unifor says it has reached a tentative deal with Ford Motor Co. that could avoid workers going on strike.

In their new book “Astor,” CNN Journalist Anderson Cooper and Katherine Howe trace the storied Astor family's legacy from its inception, when John Jacob Astor emigrated from Germany and established himself in the beaver fur trade, a bloody and highly c...

Crypto influencer Ben Armstrong, who was recently ousted from the company he created, claimed he has been receiving death threats from Hit Network.

a16z General Partner Arianna Simpson believes the US needs to establish a regulatory framework that instills confidence in crypto firms and allows them to build technology products without fear of potential consequences.