Usa Financial News

The United States’ first spot Bitcoin (BTC) exchange-traded fund (ETF) could be approved sometime before February 2024, according to Galaxy Digital CEO Mike Novogratz — citing sources at BlackRock and Invesco. 

Gland Pharma shares surged 20% Tuesday's — the highest tradable limit of the day — to over a seven-month high after analysts upgraded their ratings on the stock citing an improvement in its core business, and prospects of new opportunities from its recent acquisition of Cenexi CMO. The «worst is over» for the company," said Jefferies, upgrading the shares to a 'buy' from 'underperform' earlier, raising the target price by nearly 54% to ₹1,640.

Tech layoffs decline in the US since the mass job cuts at the beginning of the year, the worst of the layoffs in India may also be largely behind us, top industry experts told ET. But companies will continue to focus on how best to utilise existing capacity and go slow on hiring, except for niche skills, as demand constraints and lack of visibility continue to weigh on the entire tech cohort of services, products and tech enabled startups, the experts said.

trades as the market failed to find momentum with overseas investors turning net sellers. Analysts do not expect a fall unless the Nifty closes below a technical support of 19500. Investors and traders remained cautious ahead of the Reserve Bank of India's monetary policy announcement on August 10 and the US inflation data expected later this week.

Glencore chief executive Gary Nagle says the Albanese government’s new carbon policy is progressive by global standards and could do Australia more harm than good.

Ryan Salame, the former co-CEO of FTX Digital Markets, is reportedly discussing a potential guilty plea with U.S. authorities.

Cryptocurrency custody firm Anchorage Digital and major mining manufacturer Bitmain could take equity stakes in Core Scientific as part of the firm’s restructuring plan.

The military junta currently ruling the African state of Niger may turn to Russia's Wagner group for support in the coming days. US Secretary of State Antony Blinken voiced concern about the mercenary troops "possibly manifesting itself" in parts of the Sahel region. The concern is not wholly unfounded with neighbouring Mali having taken a similar route two years earlier.

banking system after Moody’s cut the credit ratings for 10 smaller and midsized lenders. The S&P 500 fell 19.06, or 0.4%, at 4,499.38. The Dow Jones Industrial Average dropped 158.64, or 0.4%, at 35,314.49.

By Dietrich Knauth

By Stephanie Kelly

The average weight of a new vehicle sold in the United States last year was a whopping 4,329 pounds.

OMERS Ventures, the venture capital arm of the Canadian pension plan, is pulling out of Europe, marking a prominent global departure from the continent as EU technology investing dwindles.

Tim Hortons’ global quarterly sales surpassed US$2 billion for the first time in its history, but the coffee chain’s parent company said its franchisees’ profits still aren’t good enough.

By Niket Nishant and Chibuike Oguh

Investing.com — U.S. crude oil stocks likely rose by over 4 million barrels last week, with deficits/gains in inventories of gasoline and distillates too, amid intensive production cuts by Saudi Arabia, petroleum industry group API indicated in a preliminary report on Tuesday ahead of official inventory data.

(Reuters) — Lyft (NASDAQ:LYFT) forecast third-quarter revenue and adjusted core profit above estimates on Tuesday, as it bets on cost cuts and a post-pandemic rebound in ride-sharing demand to cushion the impact of a price war with bigger rival Uber (NYSE:UBER).

Investing.com — The Dow cut some losses but closed lower Tuesday, as bank stocks fell after credit rating agency Moody’s downgraded the debt ratings on a slew of U.S. banks on concerns about pressures on profit.

Rockaway Beach Park in Queens, New York, has been temporarily closed for swimming and surfing following an incident where a woman suffered an apparent shark bite. The closure comes as a precaution due to recent shark activity, according to NYC Parks. The incident occurred around 6 p.m. on Monday, prompting an immediate response from emergency personnel. The woman, who remains unidentified, sustained a serious leg injury consistent with a shark bite, the New York City Fire Department said. “All indications appear to be a shark bite,” the fire department said. She was transported to Jamaica Hospital Medical Center and is reported to be in stable condition. This occurrence follows a series of similar incidents in the region. Just a month ago, five non-life-threatening shark bites were reported off Long Island, raising concerns among local officials and beachgoers. In response, shark patrols were intensified to ensure safety. Experts recommend certain precautions for swimmers to minimize the risk of shark encounters. Swimming in groups, staying relatively close to the shore, and avoiding areas with bait fish are advised by Gavin Naylor, director of the Florida Program for Shark Research. Statistics reveal that the likelihood of a shark attack remains low. The Florida Museum of Natural History reported only 57 confirmed, unprovoked shark attacks worldwide last year, with 41 of them occurring in the United States. New York experienced eight nonfatal incidents.

Colombia in the quarter-finals. The Lionesses managed to secure their spot in the quarter-finals after a tense penalty shootout against Nigeria in the last-16 match. Despite the late-game sending off of Lauren James, the team emerged victorious. However, this red card has left them potentially shorthanded for the remainder of the tournament. Still, the European champions have consistently demonstrated remarkable determination and resilience in this competition, positioning themselves as strong contenders for victory leading up to this match. Colombia, on the other hand, has emerged as the unexpected revelation of the World Cup, reaching this stage for the first time in their history. Boasting a well-balanced combination of young talents and seasoned players, the South American team had already triumphed over Germany and South Korea, securing their place in the quarter-finals with a close victory against Jamaica in the last-16 round.

Pastor Taiwo Odukoya passed away in the US on Monday at the age of 67. He was the founding pastor of The Fountain of Life Church (TFOLC).