Usa Financial News

PARIS – The Maple Leaf was not raised on Day 10 of the Paris Olympics after Canadian athletes were held off the podium for the first time at the Games.

AI startups in the United States received $27 billion in funding in the April-June quarter, accounting for nearly half of all startup funding in the country during that period. Funding for AI startups in India on the contrary stood at $8.2 million in the April-June quarter, declining about 91% sequentially and by 82% year on year. Even as year-to-date in 2024, Indian AI startupshave raised nearly $96 million, which is a 61% increase over the same period in 2023, there is a reset of sorts happening in the Indian AI space. The initial euphoria is settling down and investors are looking beyond large language models (LLMs) and are now trying to zero in on companies which could build applications and services on top of LLMs. The greatest value for Indian startups could perhaps accrue from building cost-effective applications and services since LLMs and GPU chips are highly capital-intensive, investors and executives told ET.

Crypto markets are staging an impressive rebound following Monday’s epic rout that some termed “crypto black Monday”, but some traders are turning their focus to micro-cap on-chain markets as they hunt for top crypto gainers today.

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In markets and economics, you sometimes have to hold two thoughts in your head simultaneously—an important lesson now that the US unemployment rate has surged to its highest in nearly three years. First, the labour market probably isn’t quite as imperilled as the main figure suggests. Second, the speed at which it’s cooling ratchets up risks, and the Federal Reserve should entertain the possibility that it’ll need to cut rates by 0.5 percentage point in September.

Following the social media storm throughout the long weekend after thedeath of an associate at a major US bank in New York City, the cause of death of the individual has been reported.

Wall Street fell the most in nearly two years, continuing a global rout in financial markets, as fear worsens that the U.S. economy is slowing down

U.S. personnel were injured in an attack against a military base in Iraq on Monday, U.S. officials told Reuters, as the Middle East braced for a possible new wave of attacks by Iran and its allies following last week's killing of senior members of militant groups Hamas and Hezbollah. Two Katyusha rockets were fired at al Asad airbase in western Iraq, two Iraqi security sources said. One Iraqi security source said the rockets fell inside the base. It was unclear whether the attack was linked to threats by Iran to retaliate over the killings. On Wednesday, Iran said the U.S. bears responsibility in the assassination of Hamas leader Ismail Haniyeh in Tehran because of its support for Israel.

The Canadian government says it has completed negotiations with the United States on an agreement that would allow the use of U.S. space launch technology, expertise and data for space launches in Canada

Warren Buffett's move could prove unsettling for the broader stock market.

₹15.4 trillion. Domestic institutions stepped up to counter sales by foreign investors; however, profit-taking by investors who route money directly into markets worsened Monday's fall. How retail investors behave from now—through mutual funds and direct investments—will be key to ascertaining whether Indian markets can outperform global peers, market experts said.

Iran that escalation in the Middle East is not in their interest, a State Department spokesperson said on Monday, at what Secretary of State Antony Blinken called a «critical moment» for the region. Blinken said Washington was «engaged in intense diplomacy, pretty much around the clock» to help calm tensions amid fears Iran is preparing a retaliatory strike against Israel. «All parties must refrain from escalation,» Blinken said during a signing ceremony with his Australian counterpart in Washington.

Noah Lyles set the stage on fire with his amazing run in the men's 100m, and delivering up to the expectations of American fans, Sha'Carri Richardson fulfilled her hopes of an Olympic medal with a silver, narrowly missing out on a gold medal, grabbed up by Julien Alfred, the St. Lucian star, who has become a celebrity overnight.

Lionsgate Television is developing a TV series follow-up to the "John Wick" films. Titled "John Wick: Under the High Table," the series will continue the story from «John Wick: Chapter 4.»

Supreme Court Justice Neil Gorsuch is out with a new book in which he says ordinary Americans are “getting whacked” by too many laws and regulations

Supreme Court on Monday rejected a bid by the state of Missouri to halt Donald Trump's upcoming sentencing for his conviction in New York on felony charges involving hush money paid to a porn star and left a related gag order until after the Nov. 5 presidential election. The decision by the justices came in response to Missouri's lawsuit claiming that the case against Trump infringed on the right of voters under the U.S. Constitution to hear from the Republican presidential nominee as he seeks to regain the White House. The Supreme Court's order was unsigned. Conservative Justices Clarence Thomas and Samuel Alito indicated they would have taken up Missouri's case but added that they «would not grant other relief.»

About half the U.S. state attorneys general have traveled to France for an event cosponsored by a group largely funded by companies

In 2022, Michigan Gov. Gretchen Whitmer welcomed a Chinese battery company’s plan to build a $2.36 billion factory and bring a couple thousand jobs to Big Rapids

The Oakland Athletics has reached a tentative agreement to sell its half of the Coliseum to a private Black development group for $125 million

Antitrust tensions are heating up in the chipmaking industry

Tata Consultancy Services, digital printing company Xerox said it has a $355 million tech spending commitment under the seven-year contract. In a regulatory filing in the US, Xerox also disclosed its spending commitment with Microsoft at $125 million and with SAP at $45 million for the same period under this multi-party agreement. TCS did not respond to an email seeking comment sent on Monday morning.