Usa Financial News

AFPI chief economist Michael Faulkender provides insight on the U.S. economy on Kudlow.

Rajasthan, and West Bengal. The government provided ₹6,500 crore for electrification work in the budget for FY25 which also includes unused funds from the previous year, one of the persons quoted above said. A query sent to the railway ministry remained unanswered till press time.

Elon Musk will join the US government if Donald Trump comes to power. This has been revealed by none other than Donald Trump himself. Trump made this declaration during a speech to the Economic Club of New York, a group of executives and industry leaders. Trump said that, if elected President of the United States, he will establish a government efficiency commission, an initiative suggested by billionaire Elon Musk, who will serve as its chief, according to a report. Trump said that he plans to slash regulations, boosting energy production, adopting cryptocurrencies, and significantly cutting government spending and corporate taxes for U.S.-based production companies.

crime comedy series "Only Murders in the Building" has been renewed for a fifth season by American streaming service Hulu, a decision announced just a week after the premiere of its fourth season. Starring Steve Martin, Martin Short, and Selena Gomez, the series continues to captivate audiences with its engaging plot and stellar performances. «Only Murders in the Building» follows the lives of Charles Haden-Savage, Oliver Putnam, and Mabel Mora, three neighbors who reside in a New York City apartment building named the Arconia. Together, they launch a true-crime podcast to investigate and document the murder of a fellow resident. The show's unique blend of humor and mystery has made it a standout success. Season four, which premiered on August 27, shifts the narrative from New York City to Los Angeles. In this season, the trio grapples with the untimely death of Charles' stunt double, Sazz Pataki, played by Jane Lynch. Their investigation into whether Sazz or Charles was the intended victim takes them across the country and provides new twists and turns.

Jalen Ramsey the Miami Dolphins cornerback agreed to a three-year extension for $72.3 million. He missed time in the preseason because of a hamstring injury and is looking to cement his position this season. Let us take a look at the cornerback's career. He was born on October 24, 1994, in Smyrna, Tennessee and is a professional American football cornerback currently playing for the Miami Dolphins in the National Football League (NFL). He played college football at Florida State University, where he gained recognition as one of the top defensive players in the nation.

survey, Kamala Harris did not see an increase in popularity after her nomination speech. She did, however, extend the gender disparity to her advantage. As the race moves into its final two months, it is becoming increasingly divisive; neither Harris nor Donald Trump experienced any discernible improvement from their respective conventions, as per the reports of Yahoo news.

Boeing Starliner spacecraft is set to make its journey back to Earth from the International Space Station (ISS) this Friday. The uncrewed capsule will depart from the ISS, leaving behind its crew members, NASA astronauts Suni Williams and Butch Wilmore, who will continue their mission on the orbital outpost. Despite the spacecraft's earlier technical challenges, both NASA and Boeing express confidence in a successful return, although not confident enough to have the astronauts onboard for this particular trip. Steve Stich, NASA's commercial crew program manager, conveyed optimism during a recent briefing, stating, “We have confidence in the vehicle. It’s been a journey to get here, and we’re excited to have Starliner undock and return”, as quoted in a report by USA Today.

US recession is very slowly becoming a distant possibility, looking at the latest economic data, that is slowly pointing towards a downward trend in US stocks. US recession fears have begun mounting steadily over the course of time, since early August, and the July jobs data somehow became a triggering factor after the employment rate began growing steadily. Even though the US stock markets was able to recover from previous dips related to the employment data, but there are major issues still persisting in the markets, which are working against the economy, and have chances to bring in recession into the United States.

crypto assets. In a typically positive/green month, Bitcoin was down 8.6%. As we head into September, a strong bearish outlook prevails in the market. Given September is usually a red month, traders are cautious about taking long positions in the current scenario. However, new opportunities arise when the market is bearish. Crypto should emerge out of macroeconomic and inflation-related fears in September with the possibility of US interest rate cuts. Currently, Bitcoin is trading below $57,000 and looks to consolidate into a strong position before bullish action ensues. The good news is that additional pain will be short-lived as the October-December quarter is usually exceptional for the asset class. If you have spare cash to deploy, consider cost-averaging your buys into some of the promising assets.

benchmark anchored around 6.85%, as market attention shifts to U.S. economic data expected to influence potential rate cuts. The benchmark 10-year yield ended at 6.8542%, compared with its previous close of 6.8554%. The yield had ended at 6.8647% last Friday and has stayed in 5 basis points range in three weeks.

technical textile exports will cross the target of $10 billion set for 2030, textiles minister Giriraj Singh said Friday, adding that the country will soon produce niche carbon fibre which is used in aerospace, civil engineering and defence. At present, India does not produce any carbon fibre and relies on imports from the US, France, Japan and Germany. “The coming days belong to technical textiles in every sector… I am confident that in 2025-26 the niche carbon fibre product will also be with India,” Singh said at a technical textiles event organised by Ficci.

capital on Friday, according to the All India Sarafa Association. In the previous session, the precious metal of 99.9 per cent purity had ended at Rs 74,100 per 10 gram. The silver metal had ended higher at Rs 84,600 per kilogram in the previous session on Thursday.

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...

Dutch government on Friday said it would expand export licensing requirements for some ASML chipmaking equipment, effectively retaking oversight over it from the United States and aligning the two countries' policy. The United States had previously unilaterally regulated those tools, as part of its campaign to restrict access to advanced technology by Chinese chipmakers who could contribute to Beijing's technological and military advances. ASML said in a statement that it did not expect the change in oversight to impact earnings this year or in the future.

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

index India VIX jumped 10% to hit the day's high of 15.57 on Friday as Nifty fell by over 300 points to hit a low of 24,839.40, over US economy data concerns, a key indicator of rate cuts. Investors await US jobs data that could decide the size and speed of coming rate cuts in the world's largest economy. This week, VIX has jumped by 11% after remaining on a declining curve for a month. In the last one month, India VIX has fallen by 25%.

Former Trump administration economist Stephen Moore analyzes what it means for the macroeconomy if job growth was significantly overestimated.

Nifty formed a bearish engulfing candle on the weekly chart as it ended Friday’s trading session on a negative note. The index plunged 293 points ahead of a key US jobs report, which could influence the Federal Reserve's decisions on the pace and magnitude of interest rate cuts. A long bear candle was formed on the daily chart, indicating a sharp downside reversal for the market. The cluster support of 25,000 has been broken decisively on the downside. This chart confirms a short-term top reversal pattern at 25,333 levels, said Nagaraj Shetti of HDFC Securities.

Bitcoin and Ethereum declined on Friday as investors awaited a crucial US jobs report that could influence the Federal Reserve’s decision on interest rate cuts. As of 12:38 pm IST, Bitcoin was down 1% at $56,413, while Ethereum fell 1.2% to $2,377. Other cryptocurrencies also experienced losses: Solana was down 1.7%, XRP by 1.6%, Chainlink by 2%, Polkadot by 0.3%, Litecoin by 1.7%, and NEAR Protocol led with a 3.6% drop.

Giriraj Singh on Friday expressed confidence that the niche carbon fibre — which is used in aerospace, civil engineering and defence as an alternative to metal — will be produced by India in 2025-26. Currently, India does not produce any carbon fibre and relies completely on imports from countries such as the US, France, Japan and Germany. The European Union's proposed Carbon Border Adjustment Mechanism, a tax on embedded carbon imports, is expected to kick in from 2026. «The coming days belong to Technical textiles in every sector… I am fully confident that in 2025-26 the niche carbon fibre product will also be with India,» Singh told reporters here.

The government's collections follow close on the heels of incumbent Vice President Kamala Harris proposing to raise the capital gains tax rate for those earning $1 million or more to 28%, instead of the 39.6% rate proposed by President Joe Biden in his fiscal 2025 budget. Harris has, however, also talked of a pushing for a $50,000 tax deduction for new small businesses, 10 times the current tax break.