Usa Financial News

Mars stores enough groundwater to form oceans on the planet's surface, an analysis of the data collected by NASA has suggested. However, the water is present several kilometres the surface, so extracting it to «supply a future Mars colony» is not feasible, the researches said. The amount of groundwater it contains can cover the entire planet, which is about half of Earth's size, to a depth of up to two kilometres, according to the research team. For those tracking the fate of water after the planet's oceans disappeared over three billion years ago, the study's results are «good news,» the researchers, including those from the University of California (UC) in Berkeley, US, said.

For many Olympians, winning gold is the dream come true, but a secure financial future soon becomes the dream once the Star-Spangled Banner is played and the tears are dry.

B. Riley Financial Inc., the embattled investment firm, is struggling to value its assets after months of concern about flawed accounting and a federal investigation culminated in a 52% one-day plunge.

Stocks rose and bond yields fell after the latest US inflation data reinforced speculation the Federal Reserve will be able to deploy its widely anticipated interest-rate cut in September.

TOKYO—Eight decades ago, when Japan’s kamikaze pilots were crashing their planes into American ships and its soldiers were dying from the Aleutian Islands to Guadalcanal, all were given the same promise: Upon death, their souls would be enshrined at Tokyo’s Yasukuni Shrine. The shrine was the symbol of the religious-military state that sought to mobilize the population to fight in the name of a divine emperor.

stocks of top IT companies after their June quarter financial performance seems to have waned. The stocks of Tata Consultancy Services (TCS), Infosys, HCL Technologies, Wipro, Tech Mahindra, and LTIMindtree have lost between 3% and 6% in August so far driven by market volatility and mounting uncertainty over the demand form the US, a major market for Indian IT sector. Some of these companies had gained in double digits on bourses in June after showing early signs of improvement in project ramp ups. However, their post-result management commentary continued to be cautiously optimistic despite a sustained trend in deal wins during the quarter amid lack of a marked change in the clients’ approach towards budget allocation.

According to Bank of America's Global Fund Manager survey, concerns about a US recession have surged to 39% in August, up from 18% in July, replacing geopolitical conflict (25%) as the top tail risk. Global growth expectations have fallen from a net -27% in July to -47%, with optimism on China reaching its lowest level since May 2022.  However, the probability of a ‘soft landing' has increased from 68% to 76%, while the likelihood of a ‘no landing' scenario has dropped from 18% to 8%, and the probability of a ‘hard landing' has risen slightly from 11% to 13%. Economic 'boom' expect...

Mint in an interview in New Delhi. “We have to just stay focused on that and not sort of get caught up in all the noise and people's opinions." Boeing reported a net loss of $1.44 billion in the June quarter, primarily due to major cash burn in its defence, space and security unit as a result of cost overruns. It reported a loss of $149 million a year earlier.

The volatility in global financial markets hasn’t derailed investor optimism around US technology behemoths or expectations of a soft economic landing, according to a global survey by Bank of America Corp.

Global oil markets are poised to swing from a deficit to a surplus next quarter should OPEC+ proceed with plans to boost supplies, data from the International Energy Agency showed.

In its half-year results today (13 August), Witan reported a net asset value total return of 11%, slightly trailing its composite equity benchmark, which gained 11.7% over the period. Outgoing chair Andrew Ross noted Witan was outperforming its benchmark «for much of the period», but the June rally in US tech stocks, which drove major indices to new highs, ultimately pushed the benchmark ahead. In the first half, the trust bought back 4% of its shares into treasury at an average discount of 8.9%. This added £5.6m to the net asset value, which the trust said more than offset its invest...

Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today.

The company will acquire a 55% stake in the US-based global private credit manager, in exchange for cash and company stock in a deal. Janus Henderson CEO Dibadj on leveraging acquisitions to 'fill in the gaps' Janus Henderson CEO Ali Dibadj spoke to Investment Week earlier this month about how he wanted to utilise acquisitions to fill in the «gaps across the organisation», which has recently focused on privates. The company purchased private credit business NBK Wealth back in May and with the deal set to complete before the end of the year, the VCP acquisition is the latest expansi...

assassination of Hamas leader Ismail Haniyeh on its soil, three senior Iranian officials said. Iran has vowed a severe response to Haniyeh's killing, which took place as he visited Tehran late last month and which it blamed on Israel. Israel has neither confirmed or denied its involvement. The U.S. Navy has deployed warships and a submarine to the Middle East to bolster Israeli defenses. One of the sources, a senior Iranian security official, said Iran, along with allies such as Hezbollah, would launch a direct attack if the Gaza talks fail or it perceives Israel is dragging out negotiations. The sources did not say how long Iran would allow for talks to progress before responding.

Boeing has partnered with India's AI Engineering Services Ltd to provide overhaul services to the Indian Navy's fleet of 12 P-8I maritime surveillance aircraft. As part of the partnership, the first landing gear overhaul of a P-8I aircraft was recently completed at naval base INS Rajali in Tamil Nadu, Boeing India said on Tuesday. «This is a first in India and reflects the growth in India's indigenous capabilities for undertaking complex Maintenance, Repair and Overhaul (MRO) services,» it said in a statement. The Boeing P-8I, a multi-role long-range maritime reconnaissance anti-submarine warfare (LRMR ASW) aircraft, is integral to the Indian Navy's maritime surveillance missions in the Indian Ocean.

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

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...

Despite introducing significant steps in the last one year to get control over skyrocketing visa wait times, the United States has still not been able to bring it back to normal. Although there has been improvement—which is reflected by the processing of 1.4 million visas for Indians in 2023, an all-time high, and a 75 per cent reduction in visitor visa appointment wait times—the issue persists. Wait times for B1/B2 visa vary significantly across U.S. consulates in India. In Calcutta, the U.S. consulate offers the shortest visa wait time of 24 calendar days. In contrast, the wait time in Hyderabad is 407 calendar days, while in Delhi, it extends to 386 calendar days. The consulate in Bombay has a wait time of 422 calendar days, and in Chennai, applicants face the longest wait, which is 477 calendar days.

The company will acquire a 55% stake in the US-based global private credit manager, in exchange for cash and company stock in a $6bn deal. Janus Henderson CEO Dibadj on leveraging acquisitions to 'fill in the gaps' Janus Henderson CEO Ali Dibadj spoke to Investment Week earlier this month about how he wanted to utilise acquisitions to fill in the «gaps across the organisation», which has recently focused on privates. The company purchased private credit business NBK Wealth back in May and with the deal set to complete before the end of the year, the VCP acquisition is the latest ex...

India looks forward to bidding for the Olympics 2036, French President Emmanuel Macron said that India has the «capacity» to organise such events. Speaking to Jio Cinema, Macron said he believes in India's future. He added that the Olympics is fierce competition. «First of all, I am a strong believer in your country and the future of your country. And what you can build and your capacity to organise such events. I think this is a fierce competition. You should not underestimate that fact. I remember that seven years ago when we went to Lausanne, we did compete with the US at that time — Los Angeles. And we found this agreement at the end, it was, it is still a great cooperation. So, competing, by itself, is clearly a great preparation,» Macron said.

A few grams of gold can elevate or depress a nation’s morale and stature. But first; why should any nation spend money on sports, especially one whose population substantially relies on subsidies? Nations invest in sports for three strategic reasons. The first is global positioning.