Usa Financial News

Abhishek Basumallick, Founder & Chief Equity Adviser, Intelsense Capital, says IT looks to be picking up. Chemicals, look interesting, as are pharma, auto, and auto ancillaries. Basu mallick says he is fairly bullish on the Indian manufacturing theme, not only for the near future but at least for the next three to five years. India is focusing on manufacturing and we are seeing changes happening slowly. This is a definite theme. It is not going to happen overnight. The results are going to take five years, maybe even a decade to play out. Markets are again hitting fresh highs, at least the Nifty. But given the current scenario and the valuations in the market, is it advisable to go all in? Abhishek Basumallick: The markets have been slightly on the expensive side for a while now. Globally, other than the US, we are the only market where we are seeing strong GDP growth and strong business performance. I doubt if the Indian markets are going to get cheap anytime soon. We might see intermediate corrections once in a while and that is par for the course in a bull market. But I do not see that valuations are going to be very cheap anytime soon.

Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...

Kamala Harris and Tim Walz will be seen together for the first time on screens, appearing for a joint interview on CNN on Thursday, according to CNN's latest announcement. This major interview was in the pipeline for some time now and will be conducted by CNN'S Dana Bash, who will obviously try to leave no stones unturned in giving the Americans a literal treat.

dollar steadied on Thursday as it nursed some of its steep losses from previous sessions, with traders looking ahead to a key U.S. inflation reading at the end of the week that could offer further clues on the outlook for rates there. Friday's release of the core personal consumption expenditures (PCE) price index — the Federal Reserve's preferred measure of inflation — headlines a week that's otherwise been lacking on major market moving data, leaving currencies mostly rangebound.

Nifty finally made a fresh high of 25129 on Wednesday before closing with gains of 35 points at 25052 levels. «We expect the gradual uptick in the market to continue, supported by FII inflows and healthy domestic macros. Markets are likely to remain volatile on Thursday on account of monthly derivatives expiry. Key Event to watch out for US Q2 Project GDP Data,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.

interest rate cut in September and a weaker dollar, as traders awaited jobs data and a key inflation print from the world's top economy for signals on the Federal Reserve's policy path.

Donald Trump's election campaign took a jibe at Vice-President Kamala Harris ahead of her first joint interview with Tim Walz, her running mate, and said that she is scared to interview on her own. Notably, Harris agreed to a joint interview with Walz, who is her running mate for the elections, The Hill reported. Harris and Minnesota Governor Walz will participate in their first joint interview with CNN on Thursday. CNN's Dana Bash will conduct the interview, which is set to air at 9 pm EDT. Sharing a post on X, the Trump War Room said, «It's no coincidence that Kamala's first interview is scheduled for the Thursday night before Labor Day weekend. They already hope it gets lost — and it hasn't even aired yet.»

Donald Trump is currently facing the heat in a state that was in July, being considered a sure-shot winning region for the former US President, when Joe Biden was still the candidate for the Democrats. According to the CooK Political Report, Joe Biden was nearly 7 points behind Trump when the reigning President simply dropped out of the poll race and endorsed Kamala Harris in his place instead.

Oil prices held mostly steady on Thursday as a smaller-than-expected draw in U.S. crude inventories and continued worries over China demand countered supply disruptions out of Libya. Brent crude futures were down 1 cent, or 0.01%, at $78.64 a barrel at 0043 GMT, while U.S. West Texas Intermediate crude futures were up 8 cents, or 0.1%, to $74.60.

A Brazilian Supreme Court justice is threatening to shut down the local activities of X, formerly Twitter, unless its billionaire owner Elon Musk names an in-country legal representative within 24 hours

The U.S. Postal Service is abandoning a plan to reroute Reno-area mail processing to Sacramento

Rachel Wolfson has been covering the cryptocurrency, blockchain and Web3 sector since 2017. She has written for Forbes and Cointelegraph and is the host and founder of Web3 Deep Dive podcast.

Executives with military shipbuilder Austal say settling an accounting fraud investigation is the best outcome for the company and that new financial controls have been put in place

Investor Warren Buffett's company has unloaded more of its Bank of America stake, selling nearly 25 million shares worth almost $1 billion over the past week

Kamala Harris is currently the most talked about figure in US politics, mostly because of her surge to popularity in the US Presidential poll race. Her journey in the US polls 2024 has not been easy as she entered the tough contest against a formidable adversary, Donald Trump, after the exit of Joe Biden as a candidate of the Democrats.

The Treasury Department has issued new regulations aimed at making it harder for criminals to launder money by paying cash for residential real estate

U.S. wildlife officials next year will scale up efforts to kill invasive barred owls that are crowding out imperiled native owls from West Coast forests

While “Asian brunch” may initially evoke images of traditional meals like Chinese dim sum, it’s become shorthand now for restaurants that offer Asian takes on American brunch

Losses for several big technology companies pulled the stock market lower

Production at an electric vehicle battery cell plant jointly run by General Motors and Samsung SDI has been delayed as EV sales have slowed in the U.S. The companies finalized their agreement Tuesday to jointly run the new factory in New Carlisle, Indi...

A review by Pennsylvania’s elected financial watchdog says there are shortcomings in a state agency’s oversight of fees paid to pharmacy benefit managers in the Medicaid program