Usa Financial News

Oil prices edged lower in Asian trading on Thursday, after a surprise jump in U.S. gasoline stocks ahead of the nation's Thanksgiving holiday sparked worry over demand in the top consumer of the motor fuel. Brent crude futures fell by 4 cents, or 0.1%, to $72.79 per barrel by 0220 GMT, while U.S. West Texas Intermediate crude futures were a cent lower at $68.71 a barrel.

Adani Group stocks will be in focus on Thursday after the conglomerate clarified on Wednesday that its executives, including Gautam Adani and his nephew Sagar Adani, have not been indicted on bribery charges by US authorities. The group noted that the US actions have caused «significant repercussions including… international project cancellations, financial market impact and sudden examination from strategic partners, investors, and the public». Adani Green Energy Ltd said group founder chairman Gautam Adani, his nephew Sagar Adani, and senior executive Vneet Jaain have not been charged with violations of the US Foreign Corrupt Practices Act (FCPA) over bribery, nor is the civil complaint filed by the US Securities and Exchange Commission (SEC) based on this. Instead, they have been charged on three counts in the criminal indictment-alleged securities fraud conspiracy, wire fraud conspiracy and securities fraud, the company said in the Adani Group statement that was issued on Wednesday.

Losses for big technology stocks pulled major indexes lower on Wall Street

bond yields slipped as traders took to the sidelines ahead of the US Thanksgiving holiday. Shares in Japan swung between gains and losses while those in Australia climbed alongside Hong Kong equity futures. Contracts for US stocks edged up after the S&P 500 fell 0.4% Wednesday, retreating from a record high in the prior session. The Nasdaq 100 dropped 0.9% as tech stocks weighed on the US market. Nvidia Corp. and Tesla Inc. were among the hardest hit big-tech companies.

Trump campaigned on a platform of ushering a swift end to the Ukraine war, boasting that he would quickly mediate a ceasefire deal between President Volodymyr Zelensky and Russian leader Vladimir Putin. But his critics have warned that the incoming Republican will likely leverage US military aid to pressure Kyiv into an agreement that left it ceding occupied territory permanently or agreeing not to join NATO.

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Subscribe to enjoy similar stories. The ceasefire between Israel and Hezbollah in Lebanon could not have come a moment too soon, especially since Tel Aviv had seemed determined to pursue its war against the Iran-backed militia with the same intensity as its campaign against Hamas in Gaza.

Life Insurance Corporation of India is in discussions to acquire as much as half the stake in ManipalCigna Health Insurance, as the country's largest insurer seeks an entry into the fast-growing, yet underserved, market for medical expenses coverage, people familiar with the matter said. ManipalCigna is a joint venture between Manipal Education & Medical Group and US-based Cigna Corporation.

Barron's market reporter Jacob Sonenshine discusses the impact President-elect Trump's tariffs could have on the U.S. economy on ‘Varney & Co.’

The average rate on a 30-year mortgage in the U.S. eased this week, though it remains near 7% after mostly rising in recent weeks

The American economy expanded at a healthy 2.8% annual pace from July through September on strong consumer spending and a surge in exports, the government said Wednesday, leaving unchanged its initial estimate of third-quarter growth

Consumer price increases accelerated last month, the latest sign that inflation’s steady decline over the past two years has stalled

With Thanksgiving and the formal launch of the holiday shopping season, Americans will again be consumed with the annual trifecta of turkey, travel and transactions — lots of them

Electric vehicles make people nervous

Donald Trump loved to use tariffs during his first presidency

A government official says Canada is already examining possible retaliatory tariffs on certain items from the United States should President-elect Donald Trump follow through on his threat to impose sweeping tariffs on Canadian products

The number of Americans applying for unemployment benefits fell last week, remaining near seven-month lows

Dexter: Original Sin will premiere in December. The show will delve into Dexter Morgan’s early years and his journey toward becoming a vigilante serial killer.

Prince Harry has eventually sparked discussions about his evolving accent since moving to the United States in the year 2020 with his wife, Meghan Markle. According to New York Post, in a recent video where he jokingly got a tattoo from rapper Jelly Roll, Prince Harry appeared to adopt American phrases and pronunciations, such as using ‘ass’ instead of the British ‘arse’. New York Post reported that this gradual shift of Prince Harry has led to comments on social media while some observers already noted that his British accent seems pretty diluted. Also Read: Squid Game Season 2: All we know about release date, trailer and cast

Ryan Garcia wants to fight Jake Paul. This comes after Youtuber-turned-boxer defeated Mike Tyson. Garcia, who was suspended due to banned substance, has said that it would huge if he fights Jake Paul. Banned boxer Ryan Garcia is to fight in Japan on New Year's Eve, organisers said Wednesday, but the American's management immediately cast doubt on whether the exhibition bout would take place. Garcia is serving a one-year ban imposed by the New York State Athletic Commission after failing a drug test before his welterweight victory over Devin Haney in April, which was subsequently declared a no-contest.

U.S. consumers face “significant consequences” from President-elect Donald Trump’s proposed tariffs on Canada, according to Goldman Sachs Group Inc., with the bank casting doubt over its implementation.