Usa Financial News

Robert Downey Jr. doesn’t think Marvel executives would ever recreate his portrayal of Tony Stark using artificial intelligence

The Biden administration is awarding nearly $3 billion to boost climate-friendly equipment and infrastructure at ports across the country, including in Baltimore, where a deadly bridge collapse killed six construction workers and disrupted commercial s...

Four days before Election Day, the government will issue its final snapshot of hiring and unemployment in the United States after a presidential race in which voter perceptions of the economy have played a central role

Powered by consumer spending, the U.S. economy likely kept expanding at a healthy pace from July through September despite the pressure of still-high interest rates

Tejas Mark-1A jets for the Indian Air Force (IAF) has been delayed due to issues in the supply of engines by General Electric (GE), giving another blow to its already depleted operational capabilities, TOI reported. The delivery of the jets, initially scheduled for 2024-25, will now see only two to three jets instead of the promised 16, according to TOI sources. Hindustan Aeronautics (HAL) faces a delay of around two years as GE has promised to supply the engines by March 2025. The deal for these 83 single-engine jets was signed in February 2021 and amounted to Rs 46,898 crore.

Diwali 2024, an auspicious celebration for Hindus worldwide, will be observed with great enthusiasm both in India and in communities around the globe, including the United States. This festival of lights will be marked by gatherings in community centers, temples, and homes, where families and friends come together to celebrate with traditional sweets, music, and cultural performances. Observed on the 15th day of the month of Kartik in the Hindu lunisolar calendar, Diwali typically falls in October or November. This year, Diwali will be celebrated on Thursday, October 31, 2024. This day commemorates the return of Lord Rama and Mata Sita to Ayodhya after vanquishing the demon king Ravana, symbolizing the triumph of good over evil and marking the end of their 14-year exile.

New York City schools will close on November 1 to observe the Hindu festival, Diwali. This marks the first time the city's schools have recognised the holiday. «This year Diwali is special. For the first time in the history of New York City, schools will be closed on Friday, November 1 for the festival of Diwali,» Dilip Chauhan, Deputy Commissioner of the Mayor's Office for International Affairs, said. «It's not easy in New York City, where 1.1 million students are studying in the school, to declare the school a public holiday,» said Chauhan. «So many community leaders--they started this movement many years ago--community advocates, elected officials. But finally, under the administration of New York City Mayor Eric Adams, they have declared, The administration has declared, November 1st, Friday is a school holiday.»

died after she backed into a plane’s spinning propeller in Kansas, officials have confirmed.Amanda Gallagher was photographing groups of skydivers on Saturday afternoon at Air Capital Drop Zone, near Wichita, when the tragic accident occurred.According to the skydiving business, she had travelled up in the air to take pictures of a group and road the plane back down after all the skydivers had made their jumps.Back on the ground, she got out of the Cessna 182 and moved around to a dangerous area of the plane, while it was still running.“For unknown reasons … she moved in front of the wing, a violation of basic safety procedures,” Air Capital Drop Zone said in a statement to ABC News.

Intel is expected to report its biggest quarterly revenue drop in five quarters on Thursday, potentially signaling more erosion of data center and personal computer market share for the once iconic American chipmaker. Shareholders have turned their focus to CEO Pat Gelsinger's attempts to salvage the company's lost market lead as losses mount at its contract manufacturing business, while Intel fails to capitalize on the generative AI-driven chip boom, after a series of missteps including passing on an investment in OpenAI. With Wall Street expecting Intel to report an 8% decline in revenue to $13.02 billion, according to data from LSEG compiled as of October 26, investors want Gelsinger to provide clarity on his plans to get the company's latest manufacturing technology up and running.

The Commerce Department's advance estimate of third-quarter gross domestic product on Wednesday will be published less than a week before Americans head to the polls on Nov. 5 to choose between Vice President Kamala Harris, the Democratic Party candidate, and former President Donald Trump. Polls show the race is a toss-up. Americans, who list the economy as a top election issue, have chafed at high food and housing costs, even as the economy has defied forecasts of a recession and continues to outperform its global peers.

Line of Actual Control (LAC), the US State Department welcomed the 'reduction in tensions' at the border, ANI reported early Wednesday. Matthew Miller, spokesperson of the US State Department, said that Washington is 'closely monitoring the situation and has held discussions with the Indian side on the matter. However, he clarified that the US has not played any role in the India-China resolution.

Swiggy announced the price band for its upcoming Rs 11,327.43 crore IPO as Rs 371-390 apiece. The issue comprises a fresh issue of shares amounting to Rs 4,499 crore with an offer for sale (OFS) for 17,50,87,963 equity shares. At the upper end of the price band, the OFS component stands worth Rs 6,828.43 crore.

Subscribe to enjoy similar stories. The Union government is reportedly planning to conduct India’s much-delayed decadal census exercise in 2025 and complete it the year after.

Subscribe to enjoy similar stories. The “Diwali stamp" was practically an annual ritual in the United States. While working in the San Francisco Bay Area in the 2000s I remember every year someone or the other would forward an email with a petition to the United States Postmaster General, asking them to issue a Diwali stamp.

Stating that financials as a sector and banks specifically offer better risk reward opportunity, Chandraprakash Padiyar, Senior Fund Manager, Tata Asset Management, says given the positive regulatory environment for banks in terms of early warning, asset quality will remain strong over cycle enabling higher growth in credit and ROE, leading to better valuations. «We see ingredients in place for a positive next few years for the market with the largecap segment doing better than midcap and smallcaps,» he says. Edited excerpts from a chat:

Asian stocks eked out gains following mixed results from Wall Street tech companies and as traders prepare for next week’s US election and Federal Reserve rate decision. Shares gained in Japan, but slipped in Australia and South Korea. US contracts advanced in Asia after the S&P 500 closed up 0.2% and the Nasdaq Composite rose to a record. In late US trading, Alphabet Inc. climbed more than 5% as the Google parent’s earnings beat estimates, while Advanced Micro Devices Inc. sank 7% amid a lackluster revenue forecast.

Subscribe to enjoy similar stories. Bengaluru: Swiggy Ltd’s early backers, including Accel, Apoletto, Elevation Capital and Norwest Venture Partners, are set to reap multifold gains on their investments as the food delivery and quick-commerce platform goes public in early November, according to a Mint analysis. The price band for Swiggy has been fixed in the range of ₹371-390 per equity share with a face value of ₹1, according to a Bloomberg report.

Donald Trump's Truth Social is now worth more than Elon Musk's X, thanks to a recent run-up in the shares of the parent company of the former president's social media platform, as per a report. Trump Media & Technology Group is now valued at over $10 billion after its shares more than quadrupled since late September. Meanwhile, X Holdings is valued at around $9.4 billion, based on the most recent value the investment group Fidelity assigned to its stake in the company formerly known as Twitter, AP reported. The stock of Trump Media, or TMTG, tends to move more with Trump’s re-election odds than on its own profit prospects and investors have seen his chances of retaking the presidency improving of late. On Tuesday, the stock rose more than 12 per cent to $53.30, on top of a 21.6 per cent gain Monday. The stock was moving so sharply that trading was briefly halted several times during the morning. The stock had dropped to roughly $12 late last month.

The result? Hundreds of people can be disenfranchised. That would shock politicians, voters and activists in any swing state, but it's garnered relatively little attention outside the 49th state.

US Elections in November, by resigning from his own Presidential ticket as an Independent. This may not have gone well with some of the Independents in the swing state brackets, and voters may end up not choosing Trump, and choose RFK's ballot, thus giving a clear advantage to Harris in these circumstances.