Usa Financial News

Benjamin Netanyahu said he's open to a short truce in the country's war with Hamas that would lead to the release of a small number of the around 100 hostages still held by the militant group in Gaza. Netanyahu's remarks followed a meeting between his top negotiator and senior Qatari and US officials in Doha on Monday, aimed at reviving stalled cease-fire talks following Israel's killing of Hamas leader Yahya Sinwar this month. Discussions centered on a plan proposed by Egypt, one of the mediators between the warring sides. Egyptian President Abdel-Fattah El-Sisi on Sunday proposed a two-day suspension of hostilities and the freeing of four hostages in exchange for a number of Palestinians held in Israeli prisons.

Kamala Harris and Donald Trump stand their families, each competing to send their loved one to the White House and in turn become the nation's "first family." Spouses and children have long been crucial players in US presidential campaigns, often giving the candidates a personal appeal that can entice voters. A closer look reveals Harris and Trumps' differing life stories — and how their families are involved in this year's election battle.

Associated Press reported that Key states like Arizona, North Carolina, Michigan and Nevada are being targeted through advertisements over radio and events featuring prominent figures. Prominent figures like US Senator Markwayne Mullin while campaigning in the native communities are eventually discussing energy policies and the requirement for federal recognition of various tribes like the Lumbee. Also Read: Did Beyonce snub Harris by not performing at her Houston rally? Crowd boos; Trump rips the VP

Beyonce is one of those stars in America who has the ability of pulling in crowds out of thin air, even if a slight hint of her presence is rumored in any event. It appears that the Democrats made full use of this strategy by announcing that the American star would be performing at a Harris rally in Houston on Saturday, but ultimately Beyonce snubbed everyone and did not perform at the event.

US election 2024 witnessed a crucial twist when President Joe Biden's revealed that he was going to drop out of the 2024 White House race and endorsed Vice President Kamala Harris as the Democratic nominee triggered one of the most remarkable transformations in American politics, as per a report on AFP. Harris was previously saddled with record low approval ratings for a 'veep'. Within a few short weeks she created an election campaign out of nothing. She held rapturous rallies, raised more than $1 billion in funds and brought what she called a burst of joy to a party that had given up hope.

O'Leary drew parallels to the 2016 Democratic primary, arguing that the party favored Hillary Clinton over Bernie Sanders, limiting competition. He contended that the Democratic National Committee's bias in that election mirrored the current situation with Harris. Despite pushback from the panelists, including CNN's Abby Phillips, who argued that Harris did compete in the primary process, O'Leary maintained his stance, claiming many Democrats felt sidelined in favor of a predetermined nominee. Also Read: US election 2024 results: Can Kamala Harris become the first female president in US history?

In the United States, the growing recognition of this festival reflects the nation’s diversity and the increasing influence of various cultures. In a landmark decision, Pennsylvania has become the first state to declare Diwali an official public holiday, recognizing its importance and the vibrant communities that celebrate it, as mentioned in a report by Hindustan Times.

Middle East, India has solid oil reserves sufficient to last 12 days, with additional supplies in refineries that can sustain the country for about 18 days. However, any breakdown in the Strait of Hormuz lasting beyond 30 days could have significant lagging effects on the global economy and Indian markets, said former Indian Foreign Secretary Ranjan Mathai on Monday. “Moreover, there is concern that if a war spreads into the Gulf, it could affect the eight million expatriates living there,” he added. The diplomat made these observations while discussing “The Middle East Quagmire: Will the Iran-Israel War Spiral Further?” at an event organized by Synergia, a Bengaluru-based think tank. Speaking about the recent developments and Israel's decision to scale back its attacks on Iran, Mathai believes that US influence remains a key stabilizer in the region, as its presence deters large-scale conflict. “While Israel has formidable military and technological capacities, its vulnerabilities are showing. It currently needs U.S. assistance and must therefore rely on maintaining a solid line of communication with the decision-making authorities in Washington,” Mathai explained, adding that recent figures indicate as much as 40% of the next supply of missiles for the Iron Dome and Arrow will need to come from American sources.

JPMorgan Chase CEO Jamie Dimon has expressed concerns about the wars in Ukraine and the Middle East, and the growing cooperation between US adversaries including Russia, China, North Korea and Iran. “The risk is extraordinary,” he said. “World War III has already begun. You already have battles on the ground being coordinated in multiple countries," he said at the Institute of International Finance’s annual meeting in Washington DC. Jamie Dimon has given a stern warning about geopolitical threats that could hurt the global economy. “Recent events show that conditions are treacherous and getting worse,” he wrote in a press release. According to a report in Business Insider, Jamie Dimon said US adversaries want to topple the world order, and the Russia-Ukraine and Israel-Hamas conflicts could explode into a new world war.

Citigroup on Monday offloaded private sector lender HDFC Bank's shares worth Rs 275 crore through an open market transaction. Citigroup, through its arm Citigroup Global Markets Mauritius, sold 15,79,953 shares of HDFC Bank, as per the block deal data available on the BSE. The shares were disposed of at an average price of Rs 1,742.6 apiece, taking the transaction value to Rs 275.32 crore.

Kamala Harris on the campaign trail in Michigan, urging people to elect «America's first female president». Former President and Republican nominee Donald Trump seems to be racing ahead of Harris in the last leg of the campaign. The United States presidential election will be held on Tuesday, November 5. Harris' popularity is declining compared to a month ago after she got a big summertime boost. Various polls and estimates show Trump tied in or ranking ahead of Harris. The race had started tightening a few weeks ago.

Dubrujeaud will start her new role today (28 October) and will join the firm's fixed income franchise led by Alain Krief, head of fixed income at Edmond de Rothschild, who was managing €8.6bn worth of assets as of September 2024. She will be part of the high yield debt team headed by Alexis Foret, working alongside portfolio manager Alexis Sebah in bolstering Edmond de Rothschild AM's coverage of European issuers. 'The next decade is for fixed income': High yield credit predicted to outperform US equities The high yield debt team handles €2.5bn of high yield pure corporate debt ass...

The recent surge in the prices was a momentum play following an escalation in the Middle East conflict, with Israel preparing to act on Iran’s missile attack. The US Fed Reserve’s interest rate cut, central banks' gold buying, upcoming US election and geopolitical risk are continuing to remain the key supportive factors for bullion prices. Investors may look for accumulation on any decline in the prices. The current market environment could be favourable for a strategic allocation in gold as an investment in the portfolio, said Tapan Patel, Fund Manager-Commodities, Tata Asset Management.

Diddy has lost money inside his declining empire as a former billionaire. Due to numerous high-profile lawsuits and federal criminal charges of racketeering and human trafficking, Sean Diddy Combs' empire, which includes everything from media and television to record labels and liquor brands, is collapsing, as quoted in a report by US Weekly. As a judge decided in September, prosecutors have cited Diddy's extravagant wealth as justification for refusing him bail, claiming that it makes him a possible flight risk who could leave the nation without being caught. Journalist Zack O'Malley Greenburg, known for his research on Diddy’s finances, asserts that while Diddy may have been a billionaire in the past, he is currently not one.

Jim Rogers has said. Rogers, who co-founded the famed Quantum fund with billionaire George Soros in the 1970s, told MarketWatch in a recent interview that history would suggest that a recession is imminent. He believes “America’s never gone this long without a recession in its history,” and it’s “overdue” for more economic problems. “I do know there’s going to be a recession again, and I do know it’s going to be extremely bad.” If the economy turns sour, Rogers believes gold and silver will do well, along with commodities in general. Amid this prediction, Jim Rogers also has an investing advice.

Donald Trump suddenly began referring to a CNN journalist with a woman's first name multiple times, something that ended up landing him in the headlines for all the wrong reasons, but has also helped in driving his appeal among hypermasculine males. Trump, while criticizing a town hall event where Harris was present, referred to CNN's prominent openly gay journalist Anderson Cooper as 'Allison' Cooper.

New York is witnessing an «interagency operation» from the US federal agencies, as per a report. The investigators from the Bureau of Prisons, the Justice Department’s inspector general’s office and other law enforcement agencies had descended on the Metropolitan Detention Center in Brooklyn on Monday, the Bureau of Prisons said in statement to The Associated Press. The law enforcement operation is “designed to achieve our shared goal of maintaining a safe environment for both our employees and the incarcerated individuals housed at MDC Brooklyn,” the agency said. Prison officials declined to provide specific details about the operation Monday morning.

Former US President Bill Clinton during his recent North Carolina campaign emphasized on the importance of focusing on issues regarding healthcare and economy, rather than focusing on the distractions posed by Republican Presidential nominee Donald Trump. According to Politico, Bill Clinton while giving his speech at the Black Megachurch, highlighted on the rising costs of prescription drugs and specially insulin and urged the US voters to prioritize these concerns during the upcoming US Presidential Elections. Politico reported that during the speech, Bill Clinton advised US Vice President Kamala Harris for adopting an inclusive approach based on US President Joe Biden’s achievements while appealing to a pretty broader audience. Bill Clinton also acknowledged the recent challenges which the Democratic Party is facing specifically in winning back blue collar voters who had a shift towards the Republican candidates. Also Read :Here’s how Elon Musk pledges $2 trillion tax savings if Trump is elected as US President

Elon Musk made bold claims regarding potential federal budget cuts under a Trump-led administration. Addressing a crowd of supporters, Musk asserted that he could reduce the federal budget by at least $2 trillion if Donald Trump wins the 2024 presidential election. He criticized current government spending and positioned himself as an advocate for fiscal efficiency. “Your money is being wasted,” Musk declared, adding that he would work to “get the government off your back and out of your pocketbook, as quoted in a report by The Crypto Times.

Donald Trump delivered a speech at a Turning Point Action rally, focusing on tax cuts and taking aim at Vice President Kamala Harris’s campaign. Trump described Harris’s campaign as «imploding,» citing what he claims to be his substantial lead in key battleground states. The speech not only rallied his supporters but also coincided with shifts in the presidential betting odds, reflecting changing perceptions among voters. «She's actually imploding, if you take a look. Because, look, I'm not supposed to say it, but we are leading by so much,» Trump remarked to an enthusiastic audience, as per a report by USA Today.

The Republican ex-president, who is in a dead heat with Democrat Kamala Harris in the race for the White House, has never acknowledged the legitimacy of his election defeats — from the 2016 Iowa primary to his presidential contest in 2020. His denialism deeply polarized the country last time around, and his continued attempts to sow distrust in US democracy have sparked fears of a repeat of the violence seen during the 2021 storming of the US Capitol.