Usa Financial News

10.09 / 06:05
UPS Citi Ball Racing country voice Morocco mourns quake victims as death toll passes 2,000
earthquake that killed more than 2,000 people, as rescue teams raced to find survivors trapped in the rubble of flattened villages. The strongest-ever quake to hit the country has killed at least 2,012 people and injured over 2,059, many of them critically, according to the latest official figures. Friday's 6.8-magnitude quake struck 72 kilometres (45 miles) southwest of the tourist hub of Marrakesh, wiping out entire villages in rural areas. «I've lost everything», said Lahcen, a resident of the mountain village of Moulay Brahim, whose wife and four children were killed. Rescue workers recovered the bodies of Lahcen's three daughters from the rubble of what was once their home, but have not yet found the bodies of his wife and son. «I can't do anything about it now, I just want to get away from the world and mourn.» Troops and emergency services have scrambled to reach remote mountain villages where victims are still feared trapped. Al-Haouz province, where the epicentre of the earthquake was located, suffered the most deaths with 1,293, followed by the province of Taroudant with 452.First funerals Bouchra, another resident of remote Moulay Brahim village, dried her tears with her scarf as she watched men digging graves to bury the victims. «My cousin's grandchildren are dead», she said in a knotted voice. «I saw the devastation of the earthquake live, and I'm still shaking.
10.09 / 06:05
country blues US President "This year's Summit proved that G20 can still drive solutions....": US President Biden
Joe Biden on Saturday said that this year's G20 summit has proved that the group can still drive solutions to the most pressing issues of the climate crisis, fragility, and conflict. Taking to X, US President said, «At a moment when the global economy is suffering from the overlapping shocks of the climate crisis, fragility, and conflict, this year's Summit proved that the G20 can still drive solutions to our most pressing issues.»India is hosting the G20 Summit this year in New Delhi on September 9-10. On September 9, the Delhi Declaration was adopted. It called on nations to uphold international law, including territorial integrity, international humanitarian law and the multilateral system that safeguards peace and stability. The declaration envisages a green development pact for a sustainable future, it endorses high level principles on lifestyle for sustainable development, voluntary principles of hydrogen, the Chennai principles for a sustainable resilient blue economy and the Deccan principles on food security and nutrition among others
10.09 / 05:15
UPS Provident Manufacturing Fighting Shell country Arsenal Russia is turning to old ally North Korea to resupply its arsenal for the war in Ukraine
Russia needs to replenish its supplies of ammunition for what could be a long war of attrition. Along with ramping up its domestic arms production, Moscow is turning to an old ally with a vast arsenal — North Korea. Estimates say the reclusive and isolated Asian country has tens of millions of artillery shells and rockets that could give a huge boost to the Russian army. United States officials expect North Korean leader Kim Jong Un to visit Russia in the coming days to seal a possible deal on munitions transfer with President Vladimir Putin.
10.09 / 05:15
Sunak G20 Summit Day 2: PM Modi, Joe Biden, Rishi Sunak, other world leaders pay homage at Raj Ghat
US President Joe Biden at Delhi's Raj Ghat during the latter's visit to pay homage to the father of the nation, Mahatma Gandhi, in the national capital on Sunday. As President Biden arrived at Raj Ghat, PM Modi welcomed him and presented a gift of khadi. French President Emmanuel Macron and Indonesian President Joko Widodo both visited Delhi's Rajghat to pay their respects to Mahatma Gandhi and lay wreaths.CATCH ALL LIVE UPDATES OF G20 SUMMIT HERE
10.09 / 05:15
UPS Digital Booking Microsoft Software PowerPoint software co-creator Dennis Austin dies at 76
Dennis Austin, who co-created the PowerPoint software almost 36 years ago which is still being used by millions, has passed away in the US. Austin, 76, died from lung cancer that metastasised to the brain, reports The Washington Post.
10.09 / 05:11
UPS Citi Progressive CEO Pride country Friend Biden finds a new friend in Vietnam as American CEOs look for alternatives to Chinese factories
President Joe Biden heads to a Vietnam that’s looking to dramatically ramp up trade with the United States
10.09 / 05:07
Digital Amazon Manufacturing TikTok show beautiful TikTok's new Amazon copycat Shop is full of cheap Chinese goods
TikTok’s Shop marketplace, the video app’s biggest bet for new revenue growth, has gone live for some users in the US. So far, it’s a showcase for cheap goods from China. The social media app’s Shop option, prominently displayed between the For You and Following feeds where users watch videos, presents a never-ending scroll of “recommended” random products, according to an early version reviewed by Bloomberg, from a $2.99 Nike sweatshirt that appears counterfeit to a $6.99 statue of a “naughty dwarf” sitting on a toilet.
10.09 / 05:07
COST FIVE COMPOSITE cover week Gold Prices economic data Gold prices remain under pressure amid strong US economic data; focus now on CPI data this week
Gold prices faced downward pressure throughout the week due to encouraging US economic data, with the upcoming focus on the Consumer Price Index (CPI) developments in the coming week. This resulted in gold experiencing its first weekly decline in three weeks.
10.09 / 05:03
Provident Digital Cooper Progressive Dreams country audience G20 Summit: ‘Game-changing regional investment,’ says Joe Biden on India-Middle East-Europe Economic Corridor
Also Read: G20 Summit: 'G20 can still drive solutions to our most pressing issues,’ says US President Joe Biden “Charting a journey of shared aspirations and dreams, the India-Middle East-Europe Economic Corridor promises to be a beacon of cooperation, innovation and shared progress. As history unfolds, may this corridor be a testament to human endeavour and unity across continents," PM Modi wrote on ‘X’ on Saturday. During the G20 Summit, Prime Minister Narendra Modi unveiled a groundbreaking initiative in collaboration with the United States, Saudi Arabia, and the European Union.
10.09 / 05:03
country G20 Summit 2023: 'Its an honor to...', PM Modi replies to Gita Gopinath's congratulatory message
G20 summit. Our efforts are a testament to the collective spirit of unity and progress." Meanwhile, Union Finance Minister Nirmala Sitharaman interacted with the first Deputy Managing Director of the IMF, Gita Gopinath during Ratri Bhoj par Samvad at Bharat Mandapam in the national capital.
10.09 / 04:17
Provident Digital NASDAQ Strategy country NOT Not just equity, look at gold as an asset class to diversify now: Sahil Kapoor
Sahil Kapoor, Head of Products & Market Strategist, DSP Mutual Fund, says “gold returns and equity returns are not very far off. If you manipulate the data a lot more, they will get even closer or gold will beat. But the reality is that gold has trailed equity return in India, but by a very slim margin. So, it makes sense to mix these assets together. Not just equity sectors but look at gold also as an asset class to diversify into.”You were making a case whether it is just an India market specific headwind which you see or globally too, things could get shaky in the middle.I think there are pockets in the US which are quite pricey. When you look at technology as a space, trading at 25-26 times trailing earnings, they are not cheap. History says that when you buy them, Nasdaq over a 3-year period hardly makes any money. Similarly, US largecaps are trading at 20 times trailing earnings and so not very cheap.
10.09 / 04:17
UPS IPO NIFTY SENSEX track week Nifty 172 points away from peak. 5 factors for stock market investors to track this week
global cues, Sensex and Nifty gained nearly 2% last week with all sectors participating in the broad-based rally which was backed by strong economic outlook and macroeconomic data such as robust GDP and PMI figures. Nifty is now just 172 points away from the all-time high of 19,992, made on July 20 and analysts are now eyeing 20,000 level this week itself. «In the broad market, mid- and small-cap stocks attracted strong buying interest, even though their valuations were relatively high. Moreover, heightened order inflows made sectors like infrastructure and realty particularly attractive to investors during the week,» said Vinod Nair, Head of Research at Geojit Financial services. Here are top 5 factors that may sway the market mood in the week:
10.09 / 04:17
COST show country Crude oil price at 10-month high. Now what’s next?
Crude oil prices clocked at a ten-month high last week, driven by worries about supply shortages after an unexpected extension of voluntary supply cuts by Saudi Arabia and Russia. Hopes of a delay in further rate hikes by the US Federal Reserve and positive fuel demand from China aided the demand outlook. The most active US WTI crude tested $88 a barrel level, while the Asian benchmark Brent crude pushed above $90 a barrel, for the first time since November last year. A similar move was witnessed in the domestic futures market as well. In April, the key oil-producing countries including Russia, commonly known as OPEC Plus, announced a combined production cut, proposed to extend till 2024 aimed at supporting market stability. However, Saudi Arabia and Russia voluntarily introduced additional reductions in production on top of the broader deal by the OPEC plus countries. Saudi announced a reduction of 1 million barrels of oil per day from July while Russia started cutting down daily production by 300,000 barrels per day. There were expectations in the market that both countries would extend the supply cut into October, but they surprised the market by extending the program till the end of December. Both countries also informed that the plan would be reviewed monthly and adjusted according to market conditions. This has raised worries that demand will exceed supply in the coming quarter sending prices to multi-month highs.
10.09 / 04:15
Provident Manufacturing Platform country IIT Council signs MoU with Association of American Universities to establish Indo-US Global Challenges Institute
G20 summit being held in New Delhi. According to a statement on Sunday, the institute will seek to address some of the most consequential economic, environmental, and technological challenges that have the potential to affect the security, prosperity, and stability of both countries.
10.09 / 03:59
Citi Reuters show country week Top news this week: From G20 Summit to India vs Bharat row and more
G20 Summit remained full of heavy engagements for the world leaders here in New Delhi including the announcement of a historic connectivity deal between India, the Middle East, and Europe. The US, India, Brazil, and South Africa reaffirmed their shared commitment to the G20, which is to deliver solutions for the shared world. Morocco's government said that 2,000 died and 329 were injured after a powerful quake, more than doubling the earlier toll.
10.09 / 03:25
Action COMPOSITE Enterprise Continental country voice In big win for PM Modi's global south push, African Union joins G20
African Union (AU) Saturday formally took its seat as a new member of the G20 at the invitation of summit host Prime Minister Narendra Modi. In his inaugural address at the summit, Modi also expressed solidarity with Morocco as it grapples with the aftermath of a devastating earthquake and extended all the support that Rabat needs. In 2015, India had played a key role in Morocco's reinduction into the AU. The current chair of the 55-member AU is the Comoros President, who was greeted by Modi following the announcement.
10.09 / 03:25
MET country Joe Biden on focus of G20 Summit 2023: ‘Creating better future, quality infrastructure investment, and more’
Joe Biden on Sunday highlighted the focus of the two-day G20 Leaders' Summit in India, saying that the focus was ‘One Earth, One Family, One Future’. Biden will arrive in Vietnam on Sunday to expand ties between the two nations. In a post on X (formerly Twitter), President Biden wrote, “One Earth.
10.09 / 03:25
Cooper Manufacturing US President G20 Summit: 'G20 can still drive solutions to our most pressing issues,’ says US President Joe Biden
Joe Biden on Sunday said that this year’s Summit proved that the G20 can still drive solutions to our most pressing issues. Taking to X, Biden tweeted, “At a moment when the global economy is suffering from the overlapping shocks of the climate crisis, fragility, and conflict, this year’s Summit proved that the G20 can still drive solutions to our most pressing issues." Earlier on Saturday, US President Biden highlighted the significance of the India-Middle East-Europe Corridor and affirmed the United States' commitment to collaborating with its allies to support the development of sustainable and robust infrastructure while prioritizing high-quality infrastructure investments.
10.09 / 03:05
COST UPS Citi Provident Remark boost Rate Cut How an immediate rate cut can boost India’s economy
India’s real estate sector is poised for remarkable growth, projected to reach a value of US$ 1 trillion by 2030 and contribute 13% to the GDP by 2025, as per the IBEF report. The rebound in 2022, with a 68% surge in home sales across the top eight cities, underlines a resilient comeback. Post-COVID, the sector emerges as a significant job creator, offering diverse opportunities and aiding economic recovery. Amid these dynamics, the pivotal role of repo rates comes to attention.
10.09 / 02:39
UPS FIVE Merit RIO star Rising gold star Perseus shakes up mining’s establishment
When Jeff Quartermaine kicks off his investor roadshow in Sydney this week, don’t be surprised if the Perseus Mining boss spends a fair bit of time talking about rival gold miners Northern Star and Evolution Mining.
10.09 / 02:35
UPS Reuters Waters Career Remark open US Open women's tennis: Who is Coco Gauff, the 19-year-old who won the Grand Slam title
Gauff, the third American teenager to win the US Open after Tracy Austin and Serena Williams, thanked all those who doubted her talent. "Honestly thank you to the people who didn't believe in me," she joked. “To those who thought they were putting water on my fire, they were putting gas on my fire and I'm burning so bright right now." This win has come as a remarkable turnaround for Gauff, who was left distraught after a first round exit at Wimbledon in July.

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