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US stock market's main indexes slid on Tuesday as Wall Street saw the benchmark S&P 500 index, Nasdaq and Dow registering their biggest daily drop since early August. The broad-based S&P 500 shed 2.1 percent to 5,528.93, while Dow Jones Industrial Average fell 1.5 percent to 40,936.93. The tech-focused Nasdaq finished at 17,136.30, down 3.3 percent in the market's first session in September following Labor Day 2024 holiday. Semiconductor shares Nvidia, Advanced Micro Devices and Intel all fell about eight percent or more. Shares of chip stocks were hard hit, with AI heavyweight Nvidia tumbling nearly 10 per cent and Wall Street's chip index the PHLX chip index slumping 8 per cent.

Labor Day weekend, gas prices hit a three-year low. They are predicted to fall further through November, hitting lows that will appease motorists and support Democratic presidential nominee Kamala Harris. This has made summer driving for drivers pleasant. According to the most recent statistics from the American Automobile Association (AAA), the national average price for a gallon of regular as of September 1 was $3.333, down 15 cents from a month earlier and more than 50 cents from a year earlier. The lowest price per gallon was $2.862 in Mississippi, and the highest was $4.645 in California. Also Read: Sirens: All we know about release date, cast and plot of Netflix new series

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...

US Presidential Elections 2024. Even though Kennedy is trying hard to get his name removed from the ballot, according to reports, he may still see his name feature in the Presidential Election ballots when the regions of Michigan, Wisconsin and North Carolina head to the US polls 2024. It is indeed tough to understand what adverse effects of this uncommon case may have on Donald Trump, but it may definitely see some votes going away from his side, probably of some who may have certain reservations on voting for him in the US Presidential Elections. Also Read: After the Starliner issue and planes falling from the sky, Boeing's next big problem — a strike by 32,000 workers

Apollo Global Management Inc. co-founder Josh Harris’ alternative asset manager 26North Partners LP has struck its first private equity deal.

The Bank of Canada is widely expected to continue cutting its benchmark interest rate tomorrow and at meetings to come, but how quickly the rate comes down is open to debate.

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When the Bank of Canada eases monetary policy and the economy slows, money managers usually brace for a weaker loonie.

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...

Another death is being linked to dangerous Takata air bag inflators by U.S. regulators, the 28th in the United States

According to a recent ABC News/Ipsos survey, which was released on Sunday, Harris led Trump among all adults and registered voters 50 per cent to 46 per cent. Harris had a 52 per cent to 46 per cent advantage over Trump among likely voters. The results are comparable and statistically unchanged from an August poll, according to pollsters. Before the convention, an ABC News, Washington Post, and Ipsos poll found that among registered voters, Harris had 49% support and Trump had 45%. Everybody's eyes were on the polls that were made public after the Democratic National Convention last month to see if the vice president would gain ground after the convention, as some candidates have in the past. Starting on August 23, the day following the convention's last night, a poll was conducted. Pollsters noted that Harris widened the gender gap, even though most of the numbers were essentially unchanged from before the Democratic convention. Regarding women, Harris had a 13-point advantage (54% versus 41%), while Trump had a 5-point advantage (51% versus 46%). According to pollsters, Harris had a 6-point advantage over women before the convention.

Foreign direct investment in India jumped 47.8 per cent to USD 16.17 billion in April-June this fiscal on healthy inflows in services, computer, telecom and pharma sectors, according to government data. FDI inflows were at USD 10.94 billion in April-June 2023-24. The data showed that overseas inflows in May rose to USD 5.85 billion and in June to USD 5.41 billion from USD 2.67 billion and USD 3.16 billion, respectively, in the year-ago period. In April, FDI inflows were down marginally at USD 4.91 billion against USD 5.1 billion in April 2023.

tariff-rate quota (TRQ) scheme to the US for the October 2024 — September 2025 period. Shipments under the TRQ enjoy relatively lesser customs duties. After the quota is reached, a higher tariff applies to additional imports. «The quantity of 8,606 MTRV (metric tonnes raw value) of raw cane sugar to be exported to USA under TRQ scheme from 01.10.2024 to 30.09.2025 has been notified,» the Directorate General of Foreign Trade (DGFT) said in a public notice. A similar quantity was notified in January also.

Wall Street's main indexes opened lower on Tuesday as investors moved to the sidelines ahead of a slew of economic data reports due through the week that could influence the extent of monetary policy easing by the Federal Reserve this year. The Dow Jones Industrial Average fell 73.41 points, or 0.18%, at the open to 41,489.67.

Indian Americans are in the spotlight in the US presidential election. Pro-Trump Vivek Ramaswamy and Usha Chilukuri Vance, the wife of Republican Party vice-presidential nominee JD Vance, have created waves in the media. But the focus of Indian Americans is Democratic presidential nominee Kamala Harris, a Baptist Christian married to a Jew who was born to a Jamaican-born father and an Indian-born mother. Many see the possible victory of Harris as a victory of American Indians, even though Harris rarely talks about her Indian roots.

The Bank of Canada is widely expected to deliver a third consecutive interest rate cut on Wednesday as inflationary forces continue to cool on both sides of the Canada-United States border.

When Jerome Powell delivered a high-profile speech last month, the Federal Reserve chair came the closest he ever had to declaring that the inflation surge that gripped the nation for three painful years was now essentially defeated

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...

Nouriel Roubini, Professor Emeritus of Economics and International Business, Stern School of Business, New York University, says there is an element of frothiness in US stock markets. Part of it is driven by the optimism about artificial intelligence (AI) radically changing industry, economies, and the world. Some correction might occur, but it is unlikely to be massive, especially if the economy keeps on growing and the Fed starts cutting rates. Roubini says in case of a Trump win, if he has a radical economic policy, there could be higher inflation, lower economic growth, and a significant correction with higher bond yields and lower stock prices. If he wisely chooses economic advisors who are more mainstream, and if he realises that the debt of the US is unsustainable and he has to do fiscal retrenchment, maybe those economic advisors can suggest a more moderate course of action.

Tanzeel Akhtar has been covering the cryptocurrency and blockchain sector since 2015. She has written for the Wall Street Journal, Bloomberg, CoinDesk and Bitcoin Magazine.

«We are moving some part of the money from smallcap, midcaps into the largecaps, turning a bit more defensive from a near-term perspective. I personally believe that the economic growth driven by investment cycle is very much on a strong footing,» says Mahesh Nandurkar, Jefferies. What is your view on the market and what exactly are you communicating to your clients after the Union Budget and ahead of US elections? Mahesh Nandurkar: So, what we have been communicating to investors and what has been our strategy is that over the last couple of months we have toned down the risk or the beta factor in our portfolios.