Usa Financial News

Subscribe to enjoy similar stories. The US Federal Reserve has cut interest rates by 50 basis points for the first time since 2020, paving the way for global monetary policy easing, including India. According to Macquarie, the biggest beneficiary of interest rate cuts within the banking, financial services and insurance space could be non-banking financial companies or NBFCs.

BNB, Solana, XRP, Toncoin, Shiba Inu, and Cardano rose up to 5%. BTC’s gains over the last one week have been to the tune of 7%.

The Fed's move comes on the back of growing confidence in US economic data and after annual inflation dropped to 2.5% in August, beating market expectations. Eleven members of the Federal Open Market Committee (FOMC) voted in favour of the 0.5% cut, with one member, Michelle Bowman, opting instead for a quarter-point reduction. The cut was also the largest taken by Fed policymakers since 2020, when the Covid pandemic struck. Fed rate cut a 'near certainty' as US inflation drops to 2.5% beating expectations In his speech on Thursday (18 September), US Federal Reserve chair Jerome...

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Subscribe to enjoy similar stories. High net-worth individuals (HNIs), who have historically taken a conservative approach, are increasingly diversifying their portfolios beyond traditional asset classes and fixed-income instruments. Factors such as rising incomes, evolving financial markets, technological advancements and changing market dynamics are driving this trend.

Subscribe to enjoy similar stories. China’s Communist Party has an Astroturf problem. For a decade, the party has worked to revive grassroots networks that withered during the me-first, get-rich-quick years of the 1990s and 2000s.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

The long duration funds are highly sensitive to interest rate changes and provide potential for capital appreciation and are attractive options in the declining interest rate. “After the Fed's 50 bps rate cut, long-duration funds are the better option. These funds are highly sensitive to interest rate changes, meaning they will benefit significantly from falling yields as bond prices rise. This provides potential for capital appreciation, making them attractive in a declining interest rate environment,” recommended Sagar Shinde, VP Research, Fisdom.

Hardeep Singh Puri lauded India's economic growth under Prime Minister Narendra Modi, saying the country has advanced from the 10th largest economy in 2014 to the 5th largest by 2019, surpassing the UK. Speaking at a community reception, organized by Consul General of India in Houston, D C Manjunath, at India House here, Puri emphasized Houston's pivotal role in the global energy sector, particularly in green hydrogen and aerospace. Expressing his thoughts about deepening US-India collaboration in the clean energy sector, Puri praised India's refining capacity and initiatives in biofuel blending, aiming to boost refining capacity to 300 million metric tons per annum. He termed the US-India Strategic Clean Energy Partnership as a cornerstone of future collaboration between the two countries.

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

US interest-rate cuts after the Federal Reserve reduced its benchmark by half a point and signaled more cuts coming this year. The market is now pricing in another 70 basis points worth of rate reductions at the Fed’s two remaining meetings this year, reflecting a far more aggressive stance than policymakers. Officials on Wednesday forecast just a half-point of further easing in 2024, though Chair Jerome Powell made clear that Wednesday’s decision wasn’t indicative of the pace ahead for cuts.

Quad Summit in Delaware will show that the four-nation grouping is more strategically aligned and relevant than ever before, the White House has said. QUAD, comprising Australia, Japan, India and the US, is an initiative of President Joe Biden. In the first 100 days of his presidency, Biden convened a virtual leadership summit of the QUAD countries in 2020. Since then QUAD leaders have been holding an annual summit on a rotation basis. «We believe you'll see… that the Quad is more strategically aligned and more relevant than ever before,» John Kirby, White House National Security Council Strategic Communications Director told reporters at a news conference here on Wednesday.

Subscribe to enjoy similar stories. Fed Chair Jerome Powell entered a new phase in his campaign to softly land the U.S. economy, lowering interest rates Wednesday with an audacious half-point cut.

Subscribe to enjoy similar stories. Breakout stocks to buy or sell: After showing range-bound action in the last few sessions, the Indian stock market shifted into high volatility on Wednesday. The Nifty 50 index lost 41 points and closed at 25,377, the BSE Sensex shed 131 points and finished at 82,948, and the Bank Nifty index ended 561 points higher at 52,750.

China has announced sanctions on American companies selling arms to the self-ruled island of Taiwan, which Beijing claims as its own territory and threatens to annex by force

Wall Street wavered near its records after the Federal Reserve kicked off its efforts to prevent a recession with a bigger-than-usual cut to interest rates

Opponents of offshore wind around the U.S. are pelting the projects with lawsuits, seeking to cancel them or tie them up for years in costly litigation

Chinese economy has the capacity to bring about long-drawn troubles for the entire world, looking at the amount of exports the nation carries for major countries across the globe. With big recession fears driving the Chinese economy at this point Bridgewater Associates founder Ray Dalio has broadly claimed that things in the country could be on the verge of an economic slowdown, something that has already happened during the pandemic period, and could happen yet again.

U.S. stocks closed with modest losses on Wednesday, well off their intraday highs, after the Federal Reserve cut interest rates by 50 basis points, the high side of estimates for its first cut in more than four years. Trading was choppy. Prior to the Fed announcement, the S&P 500 oscillated between modest gains and losses. The benchmark index rose as much as 1% after the announcement before paring gains and finally closing lower. The Dow and S&P 500 hit intraday highs before weakening.

US Federal Reserve's Chair Jerome Powell shook the markets after their aggressive stance of a 50 basis points rate cut, the US economy is in a precarious situation. Meanwhile, the effects of the same can be easily felt in the Asia-Pacific markets as well, as they reportedly opened higher than usual, hours after the massive Fed rate cut.