Usa Financial News
15.08 / 23:53
COST
UPS
Manufacturing
Alembic aims for US rebound with new launches
Alembic Pharmaceuticals expects the US business to bounce back as it gears up for a busy launch schedule in FY24, which includes oncology and non-oncology injectables, derma, and ophthalmic products. Many of these launches will be coming from the new facilities that cleared US Food and Drug Administration (USFDA) inspections. Alembic is also looking at possibilities of taking advantage of drug shortages in the US.
15.08 / 22:45
Booking
Man
Mercedes-Benz
Nestle
performer
This EV maker you’ve probably never heard of just made $60b in a day
VinFast Auto soared on its first day in the public markets, boosting the fortune of its billionaire founder.
15.08 / 22:27
UPS
track
week
U.S. crude stocks likely fell almost 7 million barrels last week - API
Investing.com — U.S. crude oil stocks likely fell by nearly 7 million barrels last week, with deficits in distillates as well while stockpiles of gasoline rose, amid intensive production cuts by Saudi Arabia, petroleum industry group API indicated in a preliminary report on Tuesday ahead of official inventory data.
15.08 / 22:13
Citi
CEO
American industrial icon US Steel is on the verge of being absorbed as industry consolidates further
United States Steel Corp. seems poised to be soon purchased by a competitor, with two bidders revealed in a matter of days and more in the wings
15.08 / 22:13
UPS
NASDAQ
DOW
show
How major US stock indexes fared Tuesday, 8/15/2023
Stocks closed broadly lower on Wall Street, capping a day of declines worldwide, after discouraging data on China raised worries about the global economy
15.08 / 20:21
economics
inflation
US
Interest rates
Global
Retail Sales
US retail sales beat expectations to rise 0.7% in July
Total sales for the May 2023 through July 2023 period were up 2.3% from the same time a year ago.
15.08 / 20:21
inflation
Bank of America
Recession
REITS
Global
REIT
surges
REIT exposure at 'Lehman levels' as global sentiment surges in August
Exposure to REITs has dropped to its lowest since December 2008, leading to BofA describing it as one of the 'most fascinating' asset classes to watch.
15.08 / 20:11
stake
Financial
TPG offers to buy stake in EY: Financial Times
US private equity firm TPG Capital has approached EY about buying a stake in the company’s consulting business, The Financial Times reported on its website.
15.08 / 20:11
UPS
Provident
ETF
Parke
McGrath
stake
acquires
Japan’s Mirae acquires controlling stake in robo-adviser Stockspot
Sydney robo-adviser Stockspot, founded by ex-UBS portfolio manager Chris Brycki a decade ago, has sold a sizeable stake in the business to Japan’s Mirae Asset Global Investments, best known in Australia for being an early investor in exchange-traded fund powerhouse Betashares.
15.08 / 20:07
Government
regulation
SEC
policies
lawmakers
US lawmakers
FINRA
Prometheum
Broker
US lawmakers press SEC and FINRA on Prometheum's broker-dealer approval
United States lawmakers on the House Financial Services Committee have demanded answers from the heads of the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) regarding under what circumstances Prometheum obtained a special purpose broker-dealer license (SPBD).
15.08 / 19:59
Manufacturing
Parke
Hyundai
Auburn
cover
expansion
Auto parts maker Shinhwa plans $114M expansion at Alabama facility, creating jobs
Alabama Gov. Kay Ivey's office said Tuesday that an auto parts supplier plans a $114 million investment to expand its facility in Auburn to support the production of electric vehicle parts
15.08 / 19:49
regulation
coinbase
Voting
Elections
lawmaker
Features
Coinbase political initiative features US lawmaker who admitted to ethics violations
United States-based cryptocurrency exchange Coinbase’s latest push advocating for crypto holders to “speak directly to lawmakers” featured a House of Representatives member who previously acknowledged 11 ethics violations.
15.08 / 19:47
THORChain
Best Crypto
Best Crypto to Buy Now August 15 – THORChain, XinFin, Hedera
Blue chip cryptocurrency markets have seen limited to no reaction to the latest US Retail Sales figures for July, which should underpin optimism that the US economy remains far from recession.
15.08 / 19:35
COST
UPS
FIVE
EBAY
Platform
Strategy
‘India a priority market for eBay’
NEW DELHI : EBay, an online marketplace for buyers and sellers, generates 50% of its revenue from markets outside the US. India, which is classified under emerging markets, has remained an important market for eBay despite the company exiting the market in 2017. In an interview, Vidmay Naini, eBay’s general manager for global emerging markets, which include India and Southeast Asia, spoke about the challenges faced by India’s e-commerce exporters and the role of generative artificial intelligence (AI) in e-commerce ventures.
15.08 / 19:35
UPS
Target
love
Shell
country
Time
Crunch time for craft beer as pandemic, fees take their toll
NEW DELHI : Stiff fees, complex rules and the pandemic have snuffed out many of India’s small but promising craft beer brands, with the remaining shrinking operations and entering adjacent segments. Makers of Witlinger, Mad King and White Owl craft beers have either shut shop or started new ventures, while owners of Kati Patang, White Rhino and Beor 360 have scaled back their operations. Kati Patang beer, a runaway hit with its unique small-batch flavours like saffron, turmeric and lemon rind, has shrunk considerably in the six years since its launch.
15.08 / 18:53
Provident
Binance
SEC
CEO
Platform
Crypto exchange Binance files for protective order against SEC
Crypto exchange Binance late on Monday filed for a protective court order against the US Securities and Exchange Commission, saying the regulator's requests for information were «over broad» and «unduly burdensome.» BAM Trading, Binance US' operating company, and BAM Management in a court filing in the US District Court of Columbia said the group had already provided sufficient information to the regulator. The protective order seeks to limit the SEC, among other things, to four depositions from BAM employees and to drop the deposition of BAM's chief executive and of its chief financial officer, without naming anyone.
15.08 / 18:53
Provident
Action
Mobile
Equifax
cover
social
US watchdog to announce plans to regulate 'surveillance industry'
personal data, part of the Biden administration's widening scrutiny of that industry's privacy practices, officials said. Data brokers' conduct can be «particularly worrisome» because the sensitive data driving the use of artificial intelligence can be collected from military personnel, people experiencing dementia, and others, according to Rohit Chopra, director of the US Consumer Financial Protection Bureau.
15.08 / 18:53
COST
Target
Barrett
country
Latin
fall
Latin Americans fall prey to more online scams as cybersecurity lags
cryptocurrency investments. To recover her account, the 27-year-old lawyer from Rio de Janeiro had to pay 200 reais ($40) to a «consultant» she found on YouTube, a man she says could have been a scammer himself. «It took me two days to recover my account, and I was under a lot of stress,» she said.
15.08 / 18:33
15.08 / 18:29
COST
Lowe's
Tesla
show
Tesla rolls out new base Model S and X at lower prices
Tesla added new lower-range iterations of the Model S sedan and Model X sport utility vehicle to its lineup that cost $US10,000 ($15,460) less than their previous base prices.
15.08 / 18:17
COST
Target
Amazon
Lowe’s
electronic
Retail sales rose solidly last month in a sign that consumers are still spending freely
Americans increased their purchases at retailers last month – for clothing, dining out, sporting goods and other areas – in a sign that solid consumer spending is still powering a resilient U.S. economy
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