Usa Financial News

After the bonanza of recent central bank decisions, this week is much quieter with only the minutes of a few of those meetings due. There are no Federal Reserve speeches and U.S. data is of secondary importance.

Subscribe to enjoy similar stories. Top billionaire investor and D-Mart promoter Radhakishan Damani opposed the candidate for chairmanship proposed by British American Tobacco (BAT for its Indian unit VST Industries Ltd, leading to his rejection at a shareholder vote, according to voting disclosures and an executive privy to the development. Opposition from Damani, who owns nearly a third of India's third largest cigarette maker, marks a rare episode of opposition from the investor who holds more than 1% shares in 11 publicly listed companies.

Subscribe to enjoy similar stories. Deep Tech encompasses groundbreaking ideas rooted in science and engineering, tackling major global challenges. These innovations stem from fundamental research with specific commercial applications.

Subscribe to enjoy similar stories. As the date for Consumer Electronic Show (CES) 2025 nears, Kinsey Fabrizio’s excitement is understandable. She is the president of the US-based Consumer Trade Association (CTA) that runs the world's largest tech trade show in Las Vegas.

Sonic the Hedgehog 3 will be available to stream exclusively on Paramount+ instead of the widely anticipated platforms like Netflix or Disney+. Fans of the blue blur will be able to enjoy the high-speed action and adventures directly from their Paramount+ subscriptions, as per a report. While an exact release date for «Sonic the Hedgehog 3» has not yet been confirmed, we can make an educated guess based on the release patterns of previous Paramount films. «Sonic the Hedgehog 2» was in theaters for just over six weeks before moving to streaming, and similarly, films like «Smile 2» and «A Quiet Place: Day One» followed a comparable timeline. Given this trend, it’s reasonable to expect that «Sonic the Hedgehog 3» will likely arrive on Paramount+ by mid-February 2025, following a similar theatrical-to-streaming window, IGN reported. Paramount's new action comedy «Sonic the Hedgehog 3» sped to the top of the North American box office this weekend, outdoing predictions with an estimated take of $62 million, one of the best December openings in years, industry watchers said Sunday, as per AFP report.

US Navy pilots were shot down Sunday over the Red Sea in an apparent «friendly fire» incident, the US military said, marking the most serious incident to threaten troops in over a year of America targeting Yemen's Houthi rebels. Both pilots were recovered alive after ejecting from their stricken aircraft, with one suffering minor injuries. But the shootdown underlines just how dangerous the Red Sea corridor has become, with ongoing attacks on shipping by the Iranian-backed Houthis despite US and European military coalitions patrolling the area. The US military had conducted airstrikes targeting Yemen's Houthi rebels at the time of the friendly fire incident, though the US military's Central Command did not elaborate on what the pilots' mission was and did not respond to questions from The Associated Press. The F/A-18 shot down had just flown off the deck of the USS Harry S. Truman aircraft carrier, Central Command said. On December 15, Central Command acknowledged the Truman had entered the Mideast, but hadn't specified that the carrier and its battle group was in the Red Sea.

The benchmark S&P 500 is up more than 24 per cent for 2024, even after a major stumble this week, and Wall Street has historically often enjoyed a strong annual close, according to the Reuters report. Since 1969, the last five trading days of the year combined with the first two of the following year have yielded an average S&P 500 gain of 1.3 per cent, a period known as the «Santa Claus Rally», according to the Stock Trader's Almanac. But this year, there are signs Santa Claus may disappoint, Reuters reported.

I2U2 Group, a groundbreaking quadrilateral partnership between India, Israel, the United Arab Emirates, and the United States. The event, titled «I2U2: Towards a Transformative Quadrilateral Partnership», brought together distinguished experts who explored the partnership's role in reshaping international cooperation and economic integration. The event held virtually was organised by the CUTS International, a leading public policy body of India. In his opening remarks, Pradeep S Mehta, Secretary General of CUTS International, emphasised the partnership's innovative approach, noting that «I2U2 deliberately sidesteps traditional conflict narratives. Instead of focusing on historical tensions or regional disputes, the I2U2 partnership prioritises pragmatic economic cooperation and technological innovation.»

Subscribe to enjoy similar stories. Accenture Plc’s renewed hiring—it added 49,000 people globally in the last six months—suggests technology services companies expect a much better growth in the coming months, according to analysts. The Dublin-headquartered company’s hiring spree paints a sanguine outlook for homegrown IT services companies that are expected to record better growth in the coming quarters, the analysts said.

Subscribe to enjoy similar stories. The U.S. and China are in a high-stakes race, with the energy security of America and its allies hanging in the balance.

Subscribe to enjoy similar stories. Private prisons and other companies that provide detention services are getting ready to cash in on what President-elect Donald Trump has billed as “the largest domestic deportation operation in American history." That includes scouring for as many detention beds as possible in their networks of facilities, and scouting sites for new buildings to house migrants. Some executives are considering whether to take up the controversial work of detaining families or unaccompanied children.

Indian Oil Corporation (IOC) has begun a probe into allegations of a US speciality chemicals firm bribing its officials 15 years back to obtain contracts to supply catalysts, according to a company's regulatory filing. Albemarle Corporation, a global speciality chemicals supplier that develops and sells catalysts used in the operation of oil refineries, allegedly «paid approximately USD 1.14 million in commission to India intermediary company relating to Indian Oil Corporation business and obtained approximately USD 11.14 million in profits on that business between approximately 2009 and 2011,» according to a US SEC order dated September 28, 2023. Albemarle was caught for bribery by the US authorities in 2017 and then settled the case in September 2023 by paying a hefty fine of more than USD 198 million to avoid prosecution. In a filing, IOC said it is «neither party to nor is there any allegation against the company in relation to the proceedings» in the US SEC.

United States and Pakistan have escalated recently following revelations that Pakistan is developing long-range nuclear missiles capable of reaching major US locations. This includes efforts to build intercontinental ballistic missiles (ICBMs), a move that has raised alarms in Washington. US Deputy National Security Advisor Jon Finer disclosed that Pakistan had falsely presented its space programme as a cover for its missile development, a strategy that was eventually uncovered by the US. In response, Washington imposed strict sanctions on companies linked to Pakistan's missile programme.

Subscribe to enjoy similar stories. Chaos isn’t a pit. Chaos is a ladder. Many who try to climb it fail and never get to try again. The fall breaks them. And some are given a chance to climb. They refuse, they cling to the realm or the gods or love. Illusions. Only the ladder is real. The climb is all there is.—Petyr ‘Littlefinger’ Baelish The previous part of this article discussed how many economic miracles have been midwifed amid the chaos of global geopolitics.

Indian equities this week, with a net withdrawal of Rs 976 crore amid a strengthening US dollar and steady rise in US 10-year bond yields, impacting investor sentiment. Foreign Portfolio Investors (FPIs) began the week on a positive note, investing Rs 3,126 crore in equities during the first two trading sessions (December 16-20). However, the trend reversed in the latter half of the week, with FPIs offloading equities worth over Rs 4,102 crore in the subsequent three sessions. This resulted in an overall net outflow of Rs 976 crore during the week, data from National Securities Depository Limited showed.

bearish trend in equities, where Tata Consultancy Services and Reliance Industries faced the sharpest erosion. Last week, the BSE benchmark tanked 4,091.53 points or 4.98 per cent. «The Indian equity market recorded its steepest weekly decline since June 2022, with the Nifty losing 4.77 per cent. The week began with the US Federal Reserve's announcement, which significantly altered market sentiment.

Federal Reserve cut the interest rates by 25 basis points from 4.75% to 4.5%. This move had served as a key trigger for the market decline of 2.85% in S&P 500. Such a sharp fall in the index sent chills down investors’ spine. Most are wondering whether there is more pain in the offing. Unfortunately, the answer is yes. Let’s see why I am saying this.

Subscribe to enjoy similar stories. Our pages have been full of suffering in 2024. War has raged on three continents: the world watched Gaza, Lebanon and Ukraine most closely, but the fighting in Sudan was the most deadly.

A US airline is in the line of fire for downgrading a first-class passenger. Reason — a dog. Reportedly, a Delta Air Lines passenger was moved from a first-class seat to make room for a service dog, which has now sparked a heated online debate. The incident happened recently on a Delta flight, according to a report of the New York Post.

US government has just narrowly avoided a shutdown — and the speculation, confusion and concern around tech titan Elon Musk’s power in Washington is rampant. So rampant that President-elect Donald Trump’s incoming press secretary was forced to clarify. “As soon as President Trump released his official stance on the CR, Republicans on Capitol Hill echoed his point of view,” Karoline Leavitt explained about the plan to keep the government funded, known as a continuing resolution.“President Trump is the leader of the Republican Party. Full stop.” This was not entirely convincing. It was not convincing because Musk, who gave Trump’s reelection effort a quarter of a billion dollars, has emerged as an unexpected, unelected and uncontrollable political powerhouse. He derailed the bipartisan plan to keep the government open and put Speaker of the House Mike Johnson’s job in jeopardy by posting to his 200 million followers on X, the platform he owns.

Elon Musk on the incoming administration. Although Musk is constitutionally ineligible to run for president due to his foreign birth in Pretoria, South Africa, King has pointed out that Musk’s role in shaping the future of the United States has been undeniably significant.