Usa Financial News

Stocks staged a relief rally and bonds fell after the latest US labor-market reading helped ease fears about a more pronounced slowdown in the world’s largest economy.

Private Advisor Group, a major OSJ of LPL, is taking aim at the thorny problem of succession and business continuity planning with a new fintech collaboration.

JD Vance soon be a liability for Republican candidate Donald Trump in the US Presidential Election 2024? If media reports are to be believed, his ratings in the opinion polls are plummeting. In an article published in the 'Washington Post', it was said that his selection as a running mate was not encouraging as he was a historically unpopular running mate. He is not a popular voter-friendly candidate is evident by he fact that in the 2022 Ohio Senate campaign all other Republican candidates for statewide office performed better in their races. As if it was not enough, his popularity has been waning since Donald Trump selected him as his running mate.

Palantir Technologies said on Thursday it will offer its products, including the Artificial Intelligence Platform (AIP) on Microsoft's cloud platforms, which cater to the U.S. government and federal agencies such as the Department of Defense. The data analytics company will deploy its products, including the «Gotham» software — which assists in locating targets on battlefields — on Microsoft's Azure Government and Azure Government Secret cloud platforms. Palantir will «be the first industry partner to deploy Microsoft Azure OpenAI Service in classified environments,» CTO Shyam Sankar said in a statement.

Paris Olympics 2024 host nation France will play Spain for football gold medal match on Friday. All European final will see both proud soccer playing nations seeking second Olympics Gold. France won two FIFA World Cups (1998, 2018), and became champions of Europe twice (1984, 2000). Spain have won Euro record four times (1964, 2008, 2012, and 2024). The reigning European Champions won the FIFA World Cup once (2010). Paris Olympics 2024 Gold Medal match between Spain and France will kick off at 12 pm (ET) on Friday, August 8.

Piper Sandler chief global economist Nancy Lazar discusses whether the U.S. economy is as strong as earnings suggest on 'Making Money.'

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Restaurant Brands International Inc.’s sales grew less than anticipated in the second quarter, the latest sign of consumer malaise hitting restaurants.

Manulife Financial Corp.’s Asia business posted further gains, with strong insurance sales in Japan and Hong Kong, offsetting lower earnings in its U.S. division.

The New York Stock Exchange (NYSE) American has proposed a rule change to list and trade options for three Ether exchange-traded funds (ETFs) managed by Grayscale and Bitwise.

heatwaves have become more frequent and intense, emerging as a significant contributor to heat-related deaths. Researchers said that this underscores the urgency of recognising their impact and severity. In the study, published in the journal Nexus, the researchers from The Hong Kong Polytechnic University analysed six available heat wave indices, including the Wet Bulb Globe Temperature (WBGT) index and Canada's humidex. WBGT index was first developed in the 1950s by the US military to prevent heat-related illnesses in training camps.

In a world where billionaires launch into space for fun, Sam Altman of OpenAI fame has upped the game of one-upmanship by throwing a number into the universe that has made economists and mathematicians do a collective face-palm: $7 trillion. That is not a typo. It is seven trillion US dollars, a number so large that it’s practically a black hole in the world of finance that makes most tech-startup pitches look like lemonade-stand business plans.

In weighing up its potential home for a Parameta Solutions IPO, the FTSE 250 company explained in its half-year results that the need for better liquidity could be a factor that could swing the decision.  «We are progressing strategic options in relation to Parameta Solutions, as previously announced. They include a potential offering, which might entail a listing in the United States, with the group maintaining a majority stake,» said Nicolas Breteau, group CEO of TP ICAP.  Superdry proposes delisting from London Stock Exchange as part of turnaround plan The leading over-the-count...

In a meeting held today (7 August) with local leaders in Hakodate, Uchida described the policy interest rate of 0.25% as «significantly low» and argued to continue monetary easing in accordance with the current rate due to «developments in financial and capital markets at home and abroad being extremely volatile». His statement came two days after the Japanese stock market suffered its largest one-day decline on Monday (5 August), amid investor fears that the US was heading for a recession. Japan's Nikkei 225 index nosedived at the time by almost 13%, having dropped 5.9% before the we...

A crypto coalition is urging the US administration to establish a clearer regulatory framework for digital assets, arguing that it would bring significant economic and national security benefits to the country.

Bitcoin (BTC), the world's largest cryptocurrency by market value, plunged to multi-month lows on Monday as concerns over a potential US recession, fueled by disappointing economic data, spurred a rush to safe-haven assets. As of 12:57 pm IST, Bitcoin was trading 13.3% lower at $52,586, having briefly dropped to $49,121 in early Asian trading hours.

ride-hailing drivers are facing the threat of job loss from artificial intelligence as robotaxis begin to proliferate. Self-driving technology, still experimental, is being aggressively greenlit in China compared to the US, where approvals are often suspended after accidents. At least 19 Chinese cities are testing robotaxis and robobuses, with seven cities approving tests without human-driver monitors from at least five industry leaders: Apollo Go, Pony.ai, WeRide, AutoX, and SAIC Motor. Apollo Go, a subsidiary of technology giant Baidu, plans to deploy 1,000 robotaxis in Wuhan by year-end and operate in 100 cities by 2030. Pony.ai, backed by Japan's Toyota Motor, operates 300 robotaxis with plans to increase to 1,000 by 2026. WeRide is known for autonomous taxis, vans, buses, and street sweepers, while AutoX, backed by Alibaba Group, operates in cities including Beijing and Shanghai. SAIC Motor has been operating robotaxis since 2021. In the US, Alphabet's Waymo operates uncrewed robotaxis that collect fares, with over 1,000 cars in San Francisco, Los Angeles, and Phoenix. Cruise, backed by General Motors, resumed testing in April after an accident last year.

The Brazilian Securities and Exchange Commission (CVM) has approved a Solana-based exchange-traded fund (ETF).

Trading platform Robinhood reported positive earnings for the second quarter, with revenues reaching $682 million, marking a 40% increase year-over-year due to a resurgence in Meme stocks.

Vice President Kamala Harris and former President Donald Trump are now deadlocked at 49% odds on Polymarket as bettors try to forecast the next U.S. president.

Vienna leg of a tour by American mega-star Taylor Swift has been cancelled after Austria arrested an Islamic State sympathiser in connection with an attack plot, the organisers said Wednesday. Authorities had earlier confirmed the arrest of a 19-year-old sympathiser of the armed group for allegedly planning an attack in the Vienna region, warning he had a «focus» on Swift's three upcoming shows. «With confirmation from government officials of a planned terrorist attack at Ernst Happel Stadium, we have no choice but to cancel the three scheduled shows for everyone's safety,» Barracuda Music said on Instagram.