Usa Financial News
23.09 / 02:17
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Kamala Harris has a lead of 5 points over Donald Trump in recent NBC News poll ahead of US Presidential Election 2024
NBC News shows that U.S. Vice President Kamala Harris leads former President Donald Trump by 5 percentage points. This comes after Harris was selected as the Democratic candidate for the upcoming presidential election. The survey conducted between September 13-17 among 1,000 registered voters reveals that 48% of respondents view Harris positively, compared to 32% in July. This marks the largest increase in favorability for any politician in NBC polls since President George W. Bush's ratings rose after the Sept. 11, 2001 attacks. In contrast, 40% of respondents view Trump positively, a slight increase from 38% in July. The poll's margin of error is 3 percentage points.
23.09 / 01:57
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Mint Quick Edit | The Quad’s agenda and India’s preference
Subscribe to enjoy similar stories. At one time, it seemed as if the Quad grouping of India, Japan, Australia and the US, while focused on the cause of a free and open Indo-Pacific, was chiefly about containing China militarily, given Beijing’s thinly veiled ambition of establishing its influence over the region and possibly unsettling the US-led world order.
23.09 / 01:57
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'If investors wait for a correction of 5-10%, they'll be waiting for long time'
Subscribe to enjoy similar stories. A major market correction is unlikely unless an unforeseen global event occurs beyond anyone’s control, according to Anuj Kapoor, MD & CEO of Private Wealth and Alternatives at JM Financial. “If investors wait for a correction beyond 5-10%, they might be left waiting for a long time," he said.
23.09 / 01:57
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Fly me to the moon, for rocks: Why it matters
Subscribe to enjoy similar stories. Last week, the Union cabinet approved $251 million ( ₹2,104 crore) for Chandrayaan-4, India’s next lunar mission. Its key aim is to collect lunar rock and soil samples—achieved so far by the US, the erstwhile USSR, and China.
23.09 / 01:57
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FIIs' single day F&O addition at 11-year high
Subscribe to enjoy similar stories. A dramatic surge in purchases of index futures contracts and in cash buying by foreign investors on Friday signalled a sharp improvement in their sentiment towards India. The bullishness became apparent after the US Federal Reserve cut its policy rates by an outsized 0.5 percentage points on Wednesday.
23.09 / 00:48
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Wealthtech sector takes to AI models to rewire business
large language models (LLMs) and artificial intelligence is finding early adoption in the fast-growing wealthtech sector in India. As tech startups in this sector are looking to go beyond robo advisory and algorithm-based trading which have already become the norm, innovative founders are experimenting with advanced AI models like ChatGPT to find better ways of processing market information and servicing clients. “We have built an AI-powered recommendation engine, and it is reaching a level of efficiency where it is possible to provide services through voice-based commands from users. We are incorporating generative AI into various processes, including prospect identification, recommendations, and content dissemination for learning and development for our advisors,” said Manu Awasthy, chief executive officer of Centricity. Centricity will have a 20-member team dedicated to working on various generative AI tools, Awasthy added. Lightspeed India Partners backed Centricity primarily caters to the investment needs of high-net-worth individuals.
23.09 / 00:48
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IT companies log strong deal wins in Q2 after a long lull
deal wins are on the cards with the US Federal Reserve reducing interest rates. The country's key IT services providers globally signed at least 33 deals in July and August, data sourced by ET showed. Tata Consultancy Services alone has announced four deal wins including Ireland-headquartered fashion retailer Primark, Rolls-Royce, Sydney Marathon, and most recently McDonald's Philippines in the first two months of the second quarter. Its closest rival Infosys-which signed the second highest number (three) of deals in July after Cognizant-has closed agreements with Sector Alarm, Delaware Department of Labor, TDC Net, ServiceNow, Metro Bank, and Finnish Postal service provider Posti group.
22.09 / 19:09
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‘Beetlejuice Beetlejuice’ scares off 'Transformers' for third week as box office No. 1
It's a three-peat for “Beetlejuice Beetlejuice.”
22.09 / 18:23
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Modi sets ambitious goals for India’s development in third term in address to Indians in the US
Modi addressed thousands of Indian Americans in New York on Sunday, highlighting his ambitious plans for India's future. He emphasized that India is now a "land of opportunities" and reflected on the significance of the recent election results. «After going through this tough election process, this long election system, something unprecedented happened in India (this year). What happened… 'Abkibaar Modi Sarkaar,'» Modi stated. He noted that for the first time in 60 years, the people of India delivered a mandate of great importance. «During my third term, I have very ambitious goals to achieve. We have to move forward with three times the strength,» he asserted.
22.09 / 17:04
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Air India looks to upgrade inflight product to woo premium customers
Air India is planning for a faster upgrade of its in-flight product on its key international routes to US and Europe as the Tata group airline tries to attract premium customers who had till now opted for Middle East carriers like Emirates and Qatar Airways due to higher service standard. The airline is planning to amplify its offerings with first class, on top of a business class in its new A350 planes and is also upgrading cabins in its A320 narrow body aircraft. Simultaneously it has planned to have exclusive lounges for its customers at Delhi, Mumbai, Dubai, London, New York, San Francisco by the end of 2025. “We have been talking about the Air India transformation and took a lot of initiatives, but with our new product people are now able to feel it. We have received good reviews from our customers and they feel that it is the sign of a new Air India which will be ready in next two years,” Rajesh Dogra, Chief Customer Experience Officer at the airline said.
22.09 / 17:03
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PM Modi hails Indian diaspora in the US as 'Rashtra Dhoot'
Modi on Sunday said that the Indian diaspora in the US is the strongest brand ambassadors of the country, terming them 'Rashtra Dhoot'. He said that the Indian diaspora has connected India with America and vice versa. «Your skills, talent, commitment has no competition,» said Modi.
22.09 / 17:03
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International
Quad unveils new security measures amid shared concerns over China's military posturing in Indo-Pacific
Quad unveiled major steps to expand maritime security cooperation in the Indo-Pacific and called for lasting peace in Ukraine with Prime Minister Narendra Modi asserting that the grouping is for a rules-based global order that respects the sovereignty and territorial integrity of nations. In the annual Quad summit hosted by outgoing US President Joe Biden at his home state of Delaware, the leaders, without directly naming China, expressed serious concern over the situation in the South China Sea and nearby waters and condemned the «dangerous» use of coast guard and maritime militia vessels in that region. Besides Modi and Biden, the fourth in-person summit on Saturday was attended by Japanese Prime Minister Fumio Kishida and his Australian counterpart Anthony Albanese.
22.09 / 13:27
22.09 / 13:27
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Donald Trump refuses to participate in second debate with Kamala Harris, cites THIS reason
Donald Trump has declined an invitation from CNN to engage in a second debate with Vice President Kamala Harris, scheduled for October 23, just days before the US election. Trump, while addressing his supporters at a rally in Wilmington, North Carolina, over the weekend, said that it was «too late» to participate, given that voting had already begun. He also doubts whether CNN would treat him fairly, citing past experiences, as per a report by USA Today. The decision comes after Harris had publicly accepted the debate invitation, hoping that Trump would join her on stage for a second time. In her tweet, Harris expressed her readiness to confront the former president again.
22.09 / 11:59
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CEO
Mobile
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US firm ties up with Saankhya Labs for rollout of affordable D2M tech mobiles
Saankhya Labs and an IIT, Kanpur-incubated startup to design and roll out value-for-money mobile phones with augmented direct-to-mobile (D2M) broadcast capability. US-based Sinclair Inc., Saankhya Labs and Free Stream Technologies Private Limited, a startup incubated in the IIT-Kanpur, are commencing consumer trials for multi-media delivery and datacasting-use cases. Consumer trials will be conducted on a variety of D2M devices comprising smartphones, USB dongle accessories, set top boxes and gateways and also, low-cost feature phones, a statement from the Bengaluru-based Saankhya Labs said.
22.09 / 11:37
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International
Secrecy in IPEF negotiations raises concerns over protection of key interests: GTRI
India, were able to protect their key interests, think tank GTRI said on Sunday. The 14-member IPEF bloc was launched jointly by the US and other partner countries of the Indo-Pacific region on May 23, 2022, in Tokyo. Together, they account for 40 per cent of the world's economic output and 28 per cent of trade. The framework is structured around four pillars relating to trade, supply chains, clean economy and fair economy. India has joined all the pillars except the trade. Australia, Brunei Darussalam, Fiji, India, Indonesia, Japan, Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand, the US, and Vietnam are members of the bloc.
22.09 / 11:37
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India's 'Nostradamus' on Kamala Harris or Donald Trump, who will be the next US President?
Kushal Kumar, who is often referred to as ‘Indian Nostradamus’, recently shared his insight on the political showdown between Donald Trump and Kamala Harris, who are the two top candidates for the upcoming US Presidential elections. While the astrologer acknowledged that Harris had more goodwill, he went on to explain that there can be no definite conclusions drawn on who will become the next president without a thorough look at their birth chart. However, he hinted that the winner will have the attributes more commonly attributed to Harris. “As regards the person who appears to have a greater chance to be the US President in the 2024 Presidential elections, a detailed analysis of birth charts of the candidates who may finally emerge contesting, would be called for. However, the planetary suggestion can be read to say that the person has a high-level lawyer-like or a sound economist-like mindset, a gifted argument maker while taking struggle head-on suits him,” he wrote on Medium. Opinions shared by a significant portion of American viewers following the debate, as reflected in various news reports, seem to align with the writer's earlier predictions regarding Vice President Kamala Harris. These observations suggest that her characteristics may position her as a potential contender to lead the country in the upcoming November 2024 U.S. Presidential election.
22.09 / 10:47
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Modi gifts special train and more to President Biden and wife Jill; Check meaning behind PM's presents
President Biden received an antique silver hand-engraved train model with 'Delhi-Delaware' inscribed on the sides of the main carriage. First Lady Jill Biden was gifted a Pashmina Shawl in an intricately designed Papier Mache Box. Why did Modi gift a train to Biden? Notably, the vintage silver hand-engraved train model is a rare and extraordinary piece and masterfully crafted by artisans from Maharashtra — renowned for its rich heritage in silver craftsmanship. Made of 92.5 per cent silver, the model showcases the pinnacle of Indian metalworking artistry, with elaborate details achieved through traditional techniques such as engraving, repousse (hammering from the reverse to create raised designs), and intricate filigree work.
22.09 / 10:41
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Debt relief for poor countries: Time for a whole new effort to be made?
Subscribe to enjoy similar stories. Hark back to the heady mid-1990s. Jim Wolfensohn, a former Olympic fencer turned banker and cellist was US President Bill Clinton’s pick as World Bank president.
22.09 / 10:11
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Sundar Pichai announces $120 million 'Global AI Opportunity Fund'
Alphabet and Google CEO Sundar Pichai has announced a $120 million 'Global AI Opportunity Fund' at the UN Summit of the Future in the US. Pichai said that the initiative will invest «one hundred and twenty million dollars to make AI education and training available in communities around the world. We're providing this in local languages, in partnership with nonprofits and NGOs». Leaders from around the world have gathered for the 79th United Nations General Assembly (UNGA) in New York — including the first ever «Summit of the Future».
22.09 / 10:07
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The US Fed’s uncertainty over a neutral rate is bad for bonds
Subscribe to enjoy similar stories. The US Federal Reserve on Wednesday began its policy easing with a bang. Much of the focus was on its decision to cut interest rates by half a percentage point from a two-decade high.
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