Usa Financial News
14.11 / 11:17
UPS
Booking
Football
country
Schools
Sporting
How women’s football in Afghanistan redefined itself
Subscribe to enjoy similar stories. One stifling afternoon in the early 2000s in Kabul, Afghanistan, violence came to the football haven Khalida Popal and her friends had conjured for themselves on the schoolground. A group of men jumped over the concrete walls that separated the girls from the real world.
14.11 / 10:43
UPS
Extreme
CEO
JPMorgan
Fighting
Align
Indian bankers aren’t always frank about bank regulation, are they?
Subscribe to enjoy similar stories. The ‘world’s banker’ Jamie Dimon, CEO of JPMorgan Chase, speaks his mind even if it means taking swipes at US regulators. At a conference last week, Dimon had some harsh words for several major US banking regulations, which he called burdensome and inconsistent.
14.11 / 10:43
Citi
Election
President
country
reports
Headlines
COP29 and the climate crisis: Navigating a world with Trump back in charge
Subscribe to enjoy similar stories. Dear reader, Welcome to the first issue of Mint’s newsletter on the climate crisis: Climate Change And You. I am Bibek Bhattacharya, and I will be taking turns in writing this newsletter, every two weeks, alongside my colleague Sayantan Bera.
14.11 / 10:15
markets
Digital
Election
PAM
country
Courts
After Elon Musk-Giorgia Meloni 'bonhomie', tech mogul jumps into Italy on immigration, faces rebuke
Elon Musk for weighing in on Italian court rulings that have stymied the government’s plans to process some asylum-seekers in Albania. The US billionaire had said Rome judges blocking a government anti-immigration initiative should be sent packing. With the election in the US, where immigration was a hot-button issue, done, Musk criticised Italian judges for going against Prime Minister Giorgia Meloni's move to deport illegal immigrants. Meloni planned to detain up to 30,000 migrants in Albanian facilities.
14.11 / 10:15
markets
UPS
Strategy
economy
trends
Experts
rights
Gold Prices
Gold prices slump: Trump gifts golden opportunity to Indians amid wedding season
For Indian consumers, gold is not just an asset but a cultural staple, deeply ingrained in weddings, festivals, and as a safeguard against economic uncertainty. With gold prices trending lower, those who have weddings lined up in their families are keenly observing this opportunity. «Enquiries at stores have increased due to price fall. We are expecting higher footfalls for upcoming wedding seasons,» said Suvankar Sen, MD & CEO, Senco Gold and Diamonds.
14.11 / 10:15
markets
Trade
President
War
rights
International
United Nations faces uncertainty as Trump returns to US presidency
United Nations and other international organizations are bracing for four more years of Donald Trump, who famously tweeted before becoming president the first time that the 193-member UN was «just a club for people to get together, talk and have a good time.» In his first term, Trump suspended funding for the U.N. health and family planning agencies, withdrew from its cultural organisation and top human rights body, and jacked up tariffs on China and even longtime U.S. allies by flaunting the World Trade Organization's rulebook. The United States is the biggest single donor to the United Nations, paying 22% of its regular budget. Trump's take this time on the world body began taking shape this week with his choice of Republican Rep. Elise Stefanik of New York for US ambassador to the UN. Stefanik, the fourth-ranking House member, called last month for a «complete reassessment» of US funding for the United Nations and urged a halt to support for its agency for Palestinian refugees, or UNRWA. President Joe Biden paused the funding after UNRWA fired several staffers in Gaza suspected of taking part in the Oct 7, 2023, attack led by Hamas.
14.11 / 09:43
UPS
Target
Extreme
Election
President
Freedom
concert
CoP-29: Prospects of a climate breakthrough look extremely bleak
Subscribe to enjoy similar stories. Has there ever been a grimmer backdrop to the world’s most concerted attempt to avert global warming? CoP-29, the annual conference for the United Nations Framework Convention on Climate Change, is happening in Baku, Azerbaijan, one of the birthplaces of the modern oil industry and (according to civil liberties group Freedom House) among the most oppressive societies on the planet. Leaders from China and the US, which account for about 45% of the world’s carbon footprint, aren’t attending—and US President Joe Biden is a ‘lame duck’ after the Republican Party’s electoral sweep.
14.11 / 08:13
security
Election
President
War
reports
Trump and Putin’s avowed personal rapport masks deeper tensions
Subscribe to enjoy similar stories. President-elect Donald Trump has styled himself a master dealmaker who can leverage his warm relationship with Russian President Vladimir Putin to end the war in Ukraine, cool tensions between the world’s biggest nuclear powers and realign global politics. But that can-do image is at odds with the two leaders’ records and the new geopolitical reality.
14.11 / 07:21
markets
Provident
Target
Trade
classical
patient
rights
Nifty target@22,800 by year-end; we are in a middle of a 3-6 month consolidation, says CLSA’s Laurence Balanco
Laurence Balanco of CLSA says Nifty has completed this topping pattern that had formed between August and October – the classic head and shoulders reversal – and that still gives a downside target around 22,800. The midcap sector has also rolled over from the rounding topping pattern that we have had for the past six months and not yet met the minimum downside targets. There is no evidence of slowing in downside momentum and the relative underperformance continues. Be patient and wait for those opportunities to develop. Balanco also says that while we have been down for roughly a quarter, the consolidation can take another quarter. So, this is a process of three to six months which will give us a platform for a resumption of the longer-term uptrend. Let us understand the way the world is getting divided. There is an emerging market basket which is moving lower and then there is a developed market basket which is moving higher. I am mainly talking about the US market here. Do you think there is a sizable disconnect between what the developed markets are doing versus where emerging markets are moving? Could that extend for another quarter or so? Laurence Balanco: It is quite interesting.
14.11 / 07:21
markets
Platform
Election
President
information
reports
Polling Nostradamus Allan Lichtman wrong election prediction has an Elon Musk connection?
Allan Lichtman, often dubbed the «Nostradamus» of US Presidential Polls, has blamed disinformation and billionaire tech mogul Elon Musk for his incorrect prediction that Vice President Kamala Harris would win the US elections. Lichtman, who has correctly predicted nine out of 10 election results, is renowned for accurately forecasting nine of the last ten US elections. But things took a U-turn last week when the historian and political scientist's prediction that Kamala Harris would win the US Presidential elections turned out to be wrong with Republican Donald Trump returning to the White House. Now, speaking to News Nation, Allan Lichtman, a professor at American University, provided a deeper explanation for his incorrect forecast and pointed to conservative media platforms and Elon Musk, who pored millions into Donald Trump's campaign, as a factor in his inaccurate prediction. ALSO READ: 'Your body, our choice': Deadly 'MATGA' Movement emerges in US. All about women's new trend after Trump's victory
14.11 / 06:33
UPS
Art
Man
CEO
innovations
travelers
Schools
A new showcase revisits the legacy of Kalighat painter Becharam Das Dutta
Subscribe to enjoy similar stories. There is a tactile quality about Becharam Das Dutta’s paintings, be it the Narasimha Vishnu-Avatara or Shiva Panchanan. Created in watercolour and natural dye in the middle to late 19th century, these pats are an example of combining innovation with tradition.
14.11 / 06:33
COST
students
Universities
information
reports
International
Destinations
Should you fund your child's foreign education with savings, a loan, or both?
Subscribe to enjoy similar stories. As festivities bring families and friends together, dinner table conversations more often than not turn to children and their future. This time it was around higher education, a topic that is particularly resonant for me as a parent of a 13-year-old son.
14.11 / 05:53
Global Markets
trumps
Crypto and High: Bourses, traders come up Trumps
crypto frenzy in the global markets are lapping Indian shores. Average daily trading volumes in half a dozen major exchanges have surged 3 times in less than a week despite crippling taxes and a shadow ban by most banks. Investors who were sitting on losses for close to 18 months are suddenly in the money. Prices of some of the zombie coins, along with other cryptocurrencies, are tailing Bitcoin which touched a new high. And, more local investors are booking profits than chipping in fresh money — as is borne out by the squeeze in the premium in USDT, the stable coin that serves as a go-between when cryptocurrencies are sold to generate rupees.
14.11 / 05:19
markets
UPS
Research
Trade
Experts
Commentary
Rupee falls 1 paisa to all-time low of 84.40 against US dollar in early trade
rupee slipped 1 paisa to an all-time low of 84.40 against the US dollar in early trade on Thursday, weighed down by unabated foreign fund outflows and strong dollar demand from investors. Forex traders said the downward pressure on the USD/INR pair is largely driven by persistent inflation and significant foreign outflows. At the interbank foreign exchange, the rupee opened at 84.40 against the greenback, registering a fall of 1 paisa over its previous close.
14.11 / 04:37
14.11 / 04:25
markets
UPS
Yellow
Trade
Experts
Bitcoin
testing
Gold Price Today: Yellow metal prices fall by Rs 3,400/10 gm this week, silver down by Rs 3,200/kg
silver December futures contracts were trading at Rs 88,032/kg, down by 0.1.31% or Rs 1,165. In this week so far, Gold prices have fallen by Rs 3,400/10 grams while silver prices fell by Rs 3,200/kg in the same period.
14.11 / 04:25
markets
Provident
Art
trends
Trade
Experts
Cycling
It is still a sell-on-rise market; see Nifty@21,300 by end year: Jai Bala
Jai Bala, Chief Market Technician, Cashthechao.com, says he expects the Nifty to hit somewhere to about 21,300 by the end of the year and the banking index to hit somewhere close to 42,000 with an intermediate pause at about 49,000 and 47,000. The Dollar index will be about 109 for the end of the year. The 10-year yields for the US would be about 5.5% by the end of the year. By 2026, the 10-year yields will hit about 800 bps. That is the medium to long-term forecast for the global markets and the macros. Bala also says retail investors should raise as much cash as possible as they can get in and get out of the market much faster than the institutions. Is there any ray of hope for the markets and what can really provide a sigh of relief at this juncture? Jai Bala: I had spoken to you around the time when China's stimulus was on and at that time I had mentioned that the Nifty was likely to drop to somewhere close to 21,300 and when people are focusing on China's stimulus, we should have been focusing on the India correction which is about to set on. I have been holding the view from the 1st of October that this decline is likely to take the market to somewhere close to the June 4th low. So, we are set for further decline to come through, although there could be a counter trend bounce along and the market has just printed the 200-day moving average and so we could see a slight relief. But the markets are still on sell on rise.
14.11 / 02:23
markets
Digital
Platform
Election
Experts
PAM
reports
Over 115,000 users leave X after US presidential election
Elon Musk acquired it in 2022, with users migrating to alternatives like Bluesky, CNN reported. More than 115,000 US users deactivated their X accounts the day after the election, and this figure only includes those who deactivated through the website, excluding mobile app users, CNN reported citing a report of digital intelligence platform Similarweb. This shift follows Musk's influential role in the US presidential election. Bluesky's user base has doubled in 90 days, reaching 15 million after gaining 1 million new sign-ups in a single week.
14.11 / 02:23
markets
UPS
Digital
Election
Trade
Bitcoin
Bitcoin rises above $90,000 on Trump euphoria
The world's biggest cryptocurrency has become one of the most eye-catching movers in the week since the election and on Wednesday touched record highs. It was last up 5.49% at $93,158, marking a 32% rise since the Nov. 5 election.
14.11 / 02:23
markets
Provident
Analysis
Research
Trade
Bitcoin
Dollar at one-year high as Trump trade momentum eclipses Fed easing view
Federal Reserve easing. Cryptocurrency bitcoin also shot to a fresh record high of $93,480 overnight, and was rising back towards that level early in Asia's day. Trump has vowed to make the United States «the crypto capital of the planet».
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