Usa Financial News

Robinhood beat Wall Street expectations for second-quarter earnings on Wednesday, as interest in meme stocks and cryptocurrencies soared, and said it continued to gain retail trading market share from rivals. The app, typically associated with mom-and-pop investors, saw a surge in trading volumes as meme-stock influencer Keith Gill returned to social media and reignited interest in the highly shorted shares of videogame retailer GameStop. Shares of the company rose 2.6% in extended trading after the brokerage also teased the launch of an upcoming desktop version of its popular mobile trading application.

tennis legend Rafael Nadal announced on Thursday that he will not compete in the 2024 US Open, citing an inability to give his 100 per cent. Nadal, who recently suffered a second-round defeat to Serbia's Novak Djokovic at the Paris Olympics, expressed regret over missing the event. In a post on social media, Nadal said that he has decided not to compete in the upcoming US Open. The Spaniard added he will miss those electric and special night sessions in New York.

South Korea could rupture its U.S. alliance and shock financial markets if it started building nuclear weapons, Defence Minister Shin Won-sik told Reuters, dismissing renewed domestic calls for the country's own arsenal to deter North Korea. As the neighbouring North rapidly expands nuclear and missile capabilities, more South Korean officials and members of President Yoon Suk Yeol's conservative ruling party have called in recent months for developing nuclear weapons. The prospect of another term for former U.S. President Donald Trump, who complained about the cost of the U.S. military presence in South Korea and launched unprecedented talks with the North, has further fuelled the debate.

China's 7 million ride-hailing drivers. A 36-year-old Wuhan resident, he started driving part-time this year when construction work slowed in the face of a nationwide glut of unsold apartments. Now he predicts another crisis as he stands next to his car watching neighbours order driverless taxis. «Everyone will go hungry,» he said of Wuhan drivers competing against robotaxis from Apollo Go, a subsidiary of technology giant Baidu.

₹5.9 trillion, a record high. The previous such record was ₹5.49 trillion on 4 June, when the Bharatiya Janata Party's failure to win a simple majority in the Lok Sabha elections spooked investors. Bond yields plunged and stocks rose across markets after Wednesday's soothing words from the Bank of Japan, with the Nifty gaining 1.27% to close above the 24,000 mark at 24297.5, while the Sensex rallied 1.11% to 79,468.01.

Asian equity markets Thursday, extending the volatile trading of the past week as investors digest signals from central banks on the path ahead for interest rates. The Topix Index opened lower alongside benchmarks in Australia and South Korea. US futures also fell in early Asian trading Thursday after the S&P 500 and Nasdaq 100 dropped on Wednesday. The yen rose, having dropped 1.6% on Wednesday.

Oil prices edged higher on Thursday for the third straight session after government data showed a steep draw in U.S. crude stockpiles, rebounding from multi-month lows touched this week. Brent crude futures rose 23 cents, or 0.3%, at $78.56 a barrel by 0017 GMT, while U.S. West Texas Intermediate crude gained 29 cents, or 0.4%, to $75.52.

digital transformation deals after about two years. The new contracts, however, contain cost-saving provisions. Several transformation deals announced by homegrown IT firms in the last 4-5 months have originated from the Nordic region. These include Infosys’ deal with Denmark’s TDC Net, a digital infrastructure and connectivity provider; HCLTech’s deal with Finland’s Oriola Corporation, a health and wellbeing company; and TCS’ multi-million-dollar contracts with digital connectivity and communications provider Nuuday and Ramboll—both from Denmark. Infosys and Wipro also secured deals from Sweden’s Ikea and Finland’s Nokia.

The XRP (XRP) price has pumped more than 20% on Wednesday to the $0.61 area in wake of the judge presiding over the Ripple Labs/SEC lawsuit issuing a final ruling.

Paris Olympics 2024 has just a few days left now, and will close with a grand closing ceremony scheduled for August 11. Meanwhile, there is some intense sporting action remaining on August 8, which is the 13th day of the Paris Olympics 2024.

A brief period of whale activity has sent the price of Ripple’s XRP up 18% from a bottom of $0.438 on August 5 to its current price of $0.517.

Tuesday’s promising crypto market rebound fell flat on Wednesday, with most major cryptos trading in the red versus 24 hours ago per CoinMarketCap, and investors scouring altcoin markets in their hunt for top crypto performers today.

It’s been rough sledding for the S&P 500 in the past month. The benchmark index is down over 4 percent as questions about the strength of the economy have begun to rein in those rampaging bulls.

US Stock market today closed in red after much needed Wednesday morning gains failed to sustain its momentum. Major indices such as S&P 500 fell 40.53 points, or 0.8 per cent, to 5,199.50, Dow Jones Industrial Average was down 234.21 points, or 0.6 per cent, to 38,763.45. While, Nasdaq composite fell 171.05 points, or 1 per cent, to 16,195.81, Russell 2000 index of smaller companies tumbled 29.19 points, or 1.4 per cent, to 2,035.11.

Wall Street slumped after a morning rally evaporated, but the losses weren’t as bad as the manic moves that wracked markets worldwide over the last week

As a significant portion of today’s advisors are set to grey out of the industry, a new report by Cerulli underscores the pressing need for wealth firms to help their rookie advisors succeed.

A recent report from the Federal Reserve Bank of New York, released on Wednesday, revealed that Ethereum block builders have largely adhered to the sanctions imposed on the crypto mixer Tornado Cash.

Federal safety authorities say they are seeking information on a crash and fire involving a Tesla Cybertruck that killed a driver of the futuristic new pickup

Avinash Sable failed to keep pace with the best in the business as he finished 11th in the Paris Olympics men's 3000m steeplechase final race here on Wednesday. The 29-year-old Sable clocked 8 minutes 14.18 seconds while crossing the finish line after running in the lead briefly in the dramatic race. Sable had recently broken his own national record with a time of 8: 09.91 seconds at the Paris Diamond League. He has been training abroad for a long time in preparation for the Paris Games on funding from the government. Soufiane El Bakkali of Morocco defended his title, clocking his season's best of 8:06.05 while Kenneth Rooks (8:06.41) of USA and Abraham Kibiwot (8:06.47) of Kenya took silver and bronze respectively.

Kamala Harris choose Minnesota Governor Tim Walz over Pennsylvania Governor Josh Shapiro and other contenders as her running mate? Was it because the Democrat presumptive candidate found him as radical as Republican vice presidential candidate JD Vance? According to 'The Telegraph', like Team Trump, the Harris campaign wanted to placate its radical wing. Donald Trump's running mate is more religiously devout than him and more passionate about conservative issues like marriage and family. So, the Democrats too wanted to select someone who could be portrayed as religious and conservative.

Officials from Boeing and the Federal Aviation Administration are facing questions about the door plug that blew off a 737 Max jetliner in midflight