Usa Financial News

Rep. Michael Rulli, R-Ohio, reacts to a tentative deal for port workers and Tim Walz saying he's a knucklehead over his previous Tiananmen Square claims. (Courtesy: CBS News)

National Security Adviser Jake Sullivan will travel to India on January 6-7 for a review of the Initiative on Critical and Emerging Technology (iCET) in what will be the last engagement between the Biden administration and the Modi government. Sullivan and his Indian counterpart Ajit Doval will co-chair the meeting to review progress under iCET. This will be the third round of talks on iCET since the initiative was launched in January 2023.

The number of Americans applying for unemployment checks dropped last week to the lowest level since March, suggesting that most workers enjoy unusual job security

Opponents of a huge lithium mine under construction in Nevada want U.S. officials to investigate whether the project already has caused a drop in groundwater levels that could lead to extinction of a tiny snail

Following the high-profile successes of the crypto industry in last year’s United States elections, digital-asset companies in Canada are already applying what they’ve learned.

The news that United States president-elect Donald Trump could slap a 25 per cent tariff on Canadian goods upon taking office in January sent a jolt of alarm through the entire Canadian economy, but the alarm in the oilpatch has only deepened as Ottawa and the provincial governments threaten to target energy exports in retaliation.

Having submitted a delisting request on 4 December 2024, PSH will delist from Euronext Amsterdam on 31 January 2025 but continue to be listed on the London Stock Exchange's Main Market.  Ackman's US IPO withdrawal casts doubt on lower performance fees for Pershing Square Holdings According to a sock exchange notice today (2 January), investors who currently own PSH shares traded on Euronext Amsterdam will be able to trade their shares on the London market instead. The announcement comes months after the billionaire investor and CEO of Pershing Square Capital Management, Bill Ackman...

Analysing the total return across the investment fund universe for the past 12 months, the Alger Focus Equity fund topped the year with 56.3% delivered, according to data from FE fundinfo. The strategy, which invests completely in North American equities, has 49 holdings, with the largest holdings being Nvidia (11.6%), Microsoft (10.2%), and Amazon (5.6%), all part of the Magnificent Seven. «Looking at markets now and it was a good year all round for equities,» said Ben Yearsley, director at Fairview Investing. «Clearly AI and tech were the key drivers but there were solid returns in ...

Tesla Cybertruck which exploded outside the Trump International Hotel located in Las Vegas on New Year’s Day eventually resulted in the death of the driver and injuries to seven bystanders, reported Associated Press.

Subscribe to enjoy similar stories. The alleged terrorist behind the New Year’s killing spree in New Orleans was a born-and-bred Texan, an Army veteran, and father of three who had climbed the corporate ladder. But Shamsud-Din Jabbar’s burnished professional résumé belied a path that had gone off course.

Subscribe to enjoy similar stories. New Delhi: In little more than a couple of years, quick commerce has turned into the great hope of India’s startup landscape. Zomato, Zepto and Swiggy dominate, even as Big Basket, Amazon and others are trying to muscle in.

Donald Trump is sworn in as the US President on January 20, the country is in the grip of violence. Right after a terror strike in New Orleans in which a US military veteran drove an a pickup truck with a black Islamic caliphate flag into a New Year crowd celebrating in iconic Bourbon Street, killing 15 and injuring dozens of others, another US military veteran in a suspected suicide bombing exploded a Tesla Cybertruck outside Trump Hotel in Las Vegas.

Elon Musk pay a settlement or face civil charges relating to alleged securities violations during his $44 billion takeover of Twitter in 2022.

Subscribe to enjoy similar stories. HONG KONG—It took the promise of access to contraband, an FBI front company and help from Fiji, but they got their man: U.S. investigators, in a tricky sting operation, picked off a supplier of parts Moscow needs for its war in Ukraine.

Subscribe to enjoy similar stories. What impact will the next US administration have on economic growth and inflation? The answer isn’t clear, because while some of President-elect Donald Trump’s proposed policies would boost growth and reduce inflation over time, while others will have the opposite effect. On the positive side of the ledger, Trump will be pro-business overall, and this fact alone could stimulate economic activity by unleashing the ‘animal spirits’ that drive business investment, innovation and growth.

Bitcoin is at the doorstep of $100,000, just two years after dropping below $17,000 following the collapse of the crypto exchange FTX. The dramatic rally arrives as industry players expect the incoming Trump administration to bring a more “crypto-friendly” approach toward regulating the digital currency.

«I guess 2025 will perhaps not see acceleration in growth slowdown, but more of the same of 2024 would likely continue, that is how I kind of think of how macro would evolve,» says Maneesh Dangi, Macro Mosaic Investing. So, tell me, is it going to be as happy in the year ahead or not because the macros definitely have gotten wobbly, some of it is already in the price in the year gone by, but what is lined up ahead? Maneesh Dangi: I guess in 2024, the macro sort of evolved, surprisingly that US continued to stay strong, but India certainly weakened a lot more than what most of us anticipated. And I guess since these growth trends to last for longer than six-eight months, it is more likely than not that India would continue to stay in a slow lane. At some point in time, hopefully US slows and then gives us breathing space to cut rates and ease regulatory environment, and of course, that perhaps would put a floor to the growth slowdown. So, I guess 2025 will perhaps not see acceleration in growth slowdown, but more of the same of 2024 would likely continue, that is how I kind of think of how macro would evolve.

Gold may have trumped the BSE Sensex in terms of 2024 returns, the race to reach the 1,00,000 milestone will be on, in 2025 as well. While there is a consensus that the feat is unlikely to be achieved by either asset class, this year, experts remain divided on the likely winner. Nilesh Jain, Head Vice President, Equity Research Technical and Derivatives at Centrum Broking said that the chances of gold hitting the 1 lakh mark first, was higher given the economic uncertainties, geopolitics and Donald Trump taking over as the US President on January 20. According to him, Sensex could test levels around 95,000 by the end of 2025.

Chandrababu Naidu promised action in US allegations of bribery involving the Adani Group and the previous Y S Jaganmohan Reddy administration on the floor of the Legislative Assembly, the key NDA ally has taken a step back and said no action can be taken until concrete proof is obtained and he is awaiting the outcome of the case in US.

Trump has made immigration reform a cornerstone of his political agenda, pledging to curb illegal immigration, enforce stricter border controls, and overhaul existing immigration laws. Trump’s rhetoric has emphasized a zero-tolerance approach, including mass deportations, building a fortified border wall, and ending programs he claims incentivize illegal migration. However, as his administration prepares to implement these policies, it must contend with significant legal, logistical, and political obstacles.