Usa Financial News

U.S. stocks drifted to a mixed close following several weeks of sharp swings

The post-pandemic spike in U.S. inflation eased further last month as year-over-year price increases reached a three-year low, clearing the way for the Federal Reserve to cut interest rates next week

Authorities in Congo say 50,000 doses of the mpox vaccine from the United States have arrived in the country

Over the course of an acting career that spanned more than six decades, James Earl Jones’ voice became an indelible piece of his work as a performer

United States observes Patriot Day, honoring the nearly 3,000 lives lost in the 2001 terror attacks. The day serves as a solemn reminder of the devastating events that unfolded when four planes were hijacked and used to target key locations, including the Twin Towers in New York and the Pentagon. The attacks not only shook the U.S. but also the entire world, marking a turning point in global security measures and international relations.

Kamala Harris has pressed a forceful case against Donald Trump in their first and perhaps only debate before the presidential election

Texas gas station has hit the winning Mega Millions jackpot worth $800 million on Tuesday. This marks the end of more than 20 drawings without a jackpot winner. The winning ticket, purchased at Murphy USA 8848 in Sugar Land, Texas, had the numbers 1, 2, 16, 24, 66, and the Mega Ball 6. For selling the ticket, the store will receive $1 million. The prize winner can choose annual payouts totaling $800 million or a one-time cash option of $404.2 million. Texas law allows winners of prizes over $1 million to remain anonymous.

Kamala Harris on Tuesday night took on Republican rival Donald Trump in what was their first official face-off during the US Presidential Debate 2024 in Philadelphia. In contrast to outgoing President Joe Biden's disasastrous, and what critics called a sure-short failure of a debate for Democrats, Harris' fight against Trump appeared to be a visual treat. Harris, who identifies as an American born to Jamaican-Indian immigrant parents, was tough on the former US President, launching sharp attacks and significant verbal punches, often taking the Republican by surprise.

Kiren Rijiju on Wednesday hit out at Congress leader Rahul Gandhi over his remarks on minorities and said they are the safest in India. Responding to a question on Gandhi's remarks in the US that RSS considers some religions, languages and communities inferior to others, Rijiju said, «No matter the amount of effort made, India cannot be defamed because India's Constitution and culture do not differentiate between people.» He said people who want to defame India with the help of anti-India forces will not succeed. The Minister for Minority Affairs who also holds the Parliamentary Affairs portfolio pointed out that minorities in India's neighbourhood come here if something wrong happens to them there.

Piyush Goyal on Wednesday slammed Congress leader Rahul Gandhi for his remarks in the US, saying it is «absolutely» shameful that the Leader of Opposition is defaming India on foreign soil and he should apologise for that. Goyal said that the remarks are a well-thought agenda and deliberate attempt of the Congress party. «Can anybody in his right mind justify or endorse the deplorable statements (of Mr Gandhi). The absolutely shameful manner in which India and every Indian is being defamed on foreign soil by a senior leader of the Congress Mr Rahul Gandhi,» Goyal told reporters here. He was replying to a question about Gandhi's remarks in the US.

Why are September and October historically weak for stocks? For answers, I turned to Mark Higgins, senior vice president at Index Fund Advisors and author of the book, Investing in U.S. Financial History: Understanding the Past to Forecast the Future.

The world’s largest burger chain is rolling out a new format in the US with digital ordering stations that can take cash and give change, allowing most customers to bypass the register entirely, according to people familiar with the new design option. While the bulk of McDonald’s locations already have kiosks, right now most customers who don’t pay with cards have to line up at the counter to finish their transactions with the help of an employee.

The woman, who earns Rs 1.3 lakh per annum and holds a Bachelor of Education (B.Ed) degree, is seeking a techie groom with a significantly higher income of Rs 30 lakh per annum. According to her post, she prefers someone settled either in India, the US, or Europe and mentions that her ideal match should own a spacious 3BHK home. Additionally, she expressed her love for luxury, noting that she enjoys traveling to various destinations worldwide and staying in 5-star hotels. One user on X shared the profile with the caption, “Her qualities and salary. Expected husband’s qualities and salary,” pointing out the vast gap between her income and her expectations for a partner.

US government faces a potential shutdown on October 1, many essential services are at risk of disruption. Federal employees, particularly those not deemed essential, may be told not to work, and their paychecks could be delayed. However, certain services and workers would continue to operate, even under a shutdown.

Bitcoin reached its all-time high of $73,780 in March 2024, right before the halving event occurred. However, despite all expectations of a bull run symmetrical to previous halving events, the world's largest cryptocurrency has disappointed investors so far registering a 15% fall in the next six months. At the time of writing this opinion on September 9, Bitcoin has been unable to sustain its upward momentum and is trading at $55,081. Institutional investors have already provided a sale indicator, and coupled with whales and retail investors booking profits and the upcoming Federal rate cut announcement in September, experts suggest its valuation will slump over 20% in the near future. However, predictions have often worked little to understand the dynamics of the crypto markets in the long-term, but the looming rate cut and the outcome of the US Presidential Election have everything to shape Bitcoin’s future.

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...

Supreme Court on Wednesday said it will hear on September 17 the appeal of US-based creditor Glas Trust Company LLC against a judgment of the NCLAT, which had stayed insolvency proceedings against ed-tech firm BYJU's and approved its Rs 158.9 crore dues settlement with the BCCI. A bench comprising Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra was urged by a battery of lawyers that the plea be heard urgently keeping in mind the subsequent developments in the case. The plea was mentioned by senior advocate NK Kaul, appearing for the ed-tech major, that the case needed to be heard at the earliest. The submission was supported by Solicitor General Tushar Mehta, appearing for the BCCI, and senior lawyer Abhishek Singhvi, also appearing for the ed-tech firm.

Taylor Swift endorsed Kamala Harris as US President, tech tycoon Elon Musk has a message for the pop megastar and her cats. «Fine Taylor … you win … I will give you a child and guard your cats with my life,» said Elon Musk in a post on X. Elon's comment is in relation to Swift who endorsed Kamala with in post that featured her case, which she signed as «childless cat lady,» in a dig at Trump's running mate JD Vance, who in a 2021 interview called some Democrats «a bunch of childless cat ladies.» He has since said it was merely a «sarcastic remark.»

Universities Australia Chair David Lloyd said countries including the UK and the US would be big winners from the center-left Labor government’s plan to limit foreign student places to 270,000 next year — 175,000 for the higher education sector and 95,000 for skills colleges. Lloyd pointed to Canada as a cautionary tale for Australia after it imposed similar restrictions only to see new international student enrollments fall by more than expected.

inflation) diminishes gold’s appeal: from a yield perspective, investors are better off holding treasury bonds rather than a non-yielding asset like gold. Read this | Are sovereign gold bonds the new ‘gold standard’ in investing? In recent months, however, US bond yields have declined, driven by expectations of easing monetary policy, and they’ve fallen more than inflation. From January to August, the two-year treasury yield dropped by 33 basis points (bps), and the 10-year yield fell 24 bps, while inflation decreased by 20 bps between January and July.

U.S. Vice-President Kamala Harris and former president Donald Trump clashed over the economy, immigration and reproductive rights in Tuesday night’s presidential debate, as both candidates sought to make their case for winning the White House in November.