Usa Financial News

Indian American Minorities (AIAM), a newly formed non-governmental organisation, was launched on Friday at Sligo Seventh-day Adventist Church, Maryland. The initiative aims to unite and promote the welfare of minority communities within the Indian American diaspora in the United States. During the event, Prime Minister Narendra Modi was honoured (in absentia) with the Dr Martin Luther King Jr Global Peace Award for Minority Upliftment. The award was jointly presented by Washington Adventist University and AIAM, recognising his efforts towards inclusive development and minority welfare.

Stocks closed higher on Wall Street, giving the market its fifth gain in a row and notching another record high for the Dow Jones Industrial Average

Disabled rideshare users have for years reported having less access to Lyft and Uber than able-bodied people

United Parcel Service Inc. will pay $45 million to settle charges that it improperly valued its freight division, the Securities and Exchange Commission announced Friday

U.S. intelligence officials are warning American defense companies to increase their security after a wave of sabotage in Europe blamed on Russia

Attorneys for Fox Corp. are asking a Delaware judge to dismiss a lawsuit seeking to hold current and former company officials personally liable for the financial fallout from Fox News reports regarding alleged vote rigging in the 2020 election

The Rich Dad Company co-founder Robert Kiyosaki discusses support for Bitcoin and explains his concern with the bond market on Cavuto: Coast to Coast. 

Some global banks are considering temporarily halting fresh credit to the Adani Group after the U.S. indictment but maintaining existing loans, sources told Reuters. Ratings agency S&P warned in a statement that the group will need regular access to equity and debt markets given its large growth plans, but it might find fewer takers.

Adani Group's ambitious plan to invest more than $100 billion (~₹85,000 crore) in the energy transition business and scale up its renewable energy operations over the next decade could face delays following the indictment of the conglomerate and its founder-chairman Gautam Adani by the US Department of Justice and the Securities and Exchange Commission, according to analysts. The majority of the investment is geared towards building facilities to manufacture electrolysers for producing green hydrogen, wind power turbines, and solar panels, besides establishing solar parks. Adani Group's renewable energy arm Adani Green Energy (AGEL), also India's largest renewable energy company, follows a debt-fuelled growth model with a 70:30 debt-equity structure like most peers.

Adani Solar USA and Adani Green Energy Ltd India based on a complaint filed by a Chinese firm about alleged violations of its patents on solar cells, modules, panels, components and products made from such components. The United States International Trade Commission (USITC), earlier this month, said that an «investigation be instituted to determine whether there is a violation… of section 337 in the importation into the US, the sale for importation, or the sale within the US after importation of certain products identified… in infringement of one or more… patent and claims». The complaint, filed by Chinese photovoltaics company Trina Solar in September, claimed that an industry in the US exists or is in the process of being established. Besides the Adani companies, various firms of Chinese solar module maker Runergy will be investigated for the alleged infringement of intellectual property rights.

Vivek Ramaswamy have been appointed by US President- elect Donald Trump to lead the newly announced Department of Government Efficiency (DOGE), aimed at significantly reducing the federal workforce and eliminating numerous regulations. USA Today reported that in a recent op-ed for the Wall Street Journal, they eventually argued that the anticipated reduction in regulations would necessitate fewer federal employees, suggesting large-scale firings and relocations of agencies outside Washington DC. According to USA Today, the duo contends that Donald Trump has the executive authority to nullify many regulations without congressional approval while citing the recent Supreme Court rulings that support their claims. They plan to work with appointees within federal agencies to identify the minimum staffing required for essential functions. Although DOGE is eventually described as a department but it operates more like an advisory commission without formal authority, asserted USA Today.

Adani Group's gross assets swelled by ₹75,277 crore in the first half of this fiscal year as the diversified conglomerate accelerated capital spending across projects, said people close to the matter. Gross assets are on track to reach a record ₹1.2 lakh crore by March-end, the people said. The surge in assets sparked a 7% or ₹16,882 crore increase in gross debt in the fiscal first half to ₹2,58,276 crore. The group's liquidity to service debt has fallen to 28 months as of September-end, from more than 30 months at the end of March. The Ahmedabad-based conglomerate has been battling turmoil over the past two days with promoter Gautam Adani, his nephew Sagar Adani, along with six others indicted by the US Department of Justice. The charges include securities and wire fraud, alleging the group lied to US investors about its anti-bribery practices while engaging in widespread corruption.

Retailer Bath & Body Works offers up its latest financial results on Monday, and on Tuesday the Conference Board issues its consumer confidence report for November

Lioness Season 2 continues its gripping storyline with Episode 6 set to air soon. The show is available to stream on Paramount Plus.

Taylor Swift's Eras Tour security cost UK taxpayers $1 million. It's going to be a lot of dollar signs and reports about Taylor Swift's UK leg of her Eras tour, so buckle up for this one. After a terrorist plot was thwarted, Swift was forced to postpone three concerts in Vienna, Austria, as many fans are aware. She has increased security since then, which makes sense, but it seems that all of the extra protection has come at a high cost, as quoted in a report by SheKnows. The Metropolitan Police now have to pay almost $1 million in taxpayer funds for the additional security. The US Sun claims that providing security for each of Swift's UK performances cost the Met about $880,000. Swift's group also asked for $200,000 worth of security measures, such as a blue-light escort.

Bribery being what it is in our collective consciousness — a nudge-nudge wink-wink lubricant — the American accusation against one of India's biggest corporate names has provided, along with the standard 'Oh dear' response, the quieter, 'Heh heh, finally, we've made it to the big league!' reaction. The mega-charge joins the more obviously proud ranks of Indian movies like RRR getting Oscar applause and people of our 'mulk' gaining positions of corporate and political power in foreign countries (read: the US).

For 15 years, former Texas schoolteacher Kayla Morris put every dollar she could save into a home for her growing family.

US President- elect Donald Trump have appointed Linda McMahon who is the former CEO of WWE as his Secretary of Education, reported New York Post. Linda McMahon, who eventually has a long-standing relationship with Donald Trump, previously served as the Administrator of the Small Business Administration from the year 2017 to year 2019 and has been a significant supporter of Donald Trump's political endeavors while contributing millions to his campaigns. According to New York Post, in spite of her lack of traditional educational credentials, Linda McMahon has expressed a lifelong interest in education and served on the Connecticut Board of Education for about a year. The appointment of Linda McMahon comes as Donald Trump aims to reshape the Department of Education, which he has suggested eliminating altogether. Also Read: Had Donald Trump lost the U.S elections, Republicans would whole sole blame this person; who is that person calling the shots now?

US President- elect Donald Trump's victory in the US Presidential Election 2024, Elon Musk's significant financial backing through his Super PAC, America PAC has eventually come under scrutiny. According to Rolling Stone, Tesla CEO Elon Musk reportedly spent around $200 million to support Donald Trump's campaign while focusing on low-propensity and first-time voters. Rolling Stone reported that this funding was facilitated by a Federal Election Commission ruling that allowed super PACs to coordinate with campaigns while enabling Donald Trump’s team to leverage Elon Musk's resources pretty effectively. Elon Musk's recent alignment with Donald Trump suggests a deepening bond that could reshape political dynamics moving forward. Also Read: Pic of Big Mac: Are Melania Trump and RFK Jr. ganging up to improve Donald Trump's diet? Here's what a source says

Competition Commission of India (CCI) Chairperson Ravneet Kaur on Friday hinted that the fair trade regulator is not likely to take cognizance of media reports on the bribery charge against the Adani group to initiate a probe, claiming that the panel takes steps only after some information is filed before it. Billionaire Gautam Adani has been charged by US prosecutors for allegedly being part of a scheme to pay over USD 250 million (about Rs 2,100 crore) bribe to Indian officials in exchange for favourable terms for solar power contracts. Adani group on Thursday denied the charges of paying bribes to secure favourable terms for solar power contracts, saying the allegations by US prosecutors are baseless and the conglomerate is compliant with all laws. On whether the Adani matter falls under the purview of CCI, Kaur said, «The CCI is governed by the Competition Act… It is meant to promote and sustain competition. If there is any matter which falls in that domain of the Competition Act, then it comes to Competition Commission.»

Boeing is finally nearing the completion of the new Air Force One aircraft which is known as the VC-25B and is based on the larger 747-8 model, reported Business Insider. Originally contracted for $3.9 billion in the year 2018, the project has eventually faced significant challenges which included supply chain issues and labor shortages while pushing the delivery date from 2024 to 2027. According to Business Insider, US President- elect Donald Trump, who eventually renegotiated the deal during his first term, is now all set to fly on the new planes following his reelection as the US President in 2024. Also Read: Peacock's The Office Follow-Up Series: What we know about cast, plot and production team