Usa Financial News

seemingly unstoppable bull run, after months of hitting new all-time highs. Now they are in free fall. America’s Nasdaq 100 index, dominated by the tech giants that were at the heart of the boom, has fallen by more than 10% since a peak in mid-July.

Federal Reserve may have left interest rates elevated for too long, allowing them to hurt U.S. growth. Alarming economic data in recent days have deepened those concerns. U.S. job growth slowed more than expected in July, a Friday report showed, while the unemployment rate increased to 4.3%, heightening fears that a deteriorating labor market could make the economy vulnerable to a recession.

Happy Friendship Day 2024 Wishes: Friendship Day is celebrated to honor the special bond of friendship that enriches our lives. In India, Friendship Day will be observed on August 4, 2024, the first Sunday of August, aligning with celebrations in the United States and several other countries. Meanwhile, International Friendship Day, recognized by the United Nations, takes place on July 30 each year. Friendship Day is celebrated on different dates worldwide. In the US, it coincides with National Friendship Day on the first Sunday of August. In some South American countries, it is observed on July 20. The United Nations established International Friendship Day in 1998 to highlight the role of friendship in fostering peace and understanding among people globally.

Years ahead of the financial crisis, David Burt saw trouble brewing in subprime mortgages and started betting on a crisis, winning himself a cameo in The Big Short by Michael Lewis in addition to lots of money. Now Burt runs DeltaTerra Capital, a research firm he founded to warn investors about the next housing crisis. This one will be caused by climate change. In a webinar with journalists last month, Burt argued that US homeowners’ wildfire and flood risks are underinsured by $28.7 billion a year. As a result, more than 17 million homes, representing nearly 19% of total US home value, are at risk of suffering what could total $1.2 trillion in value destruction.

employment report for July raised expectations that the Federal Reserve will cut interest rates by 50 basis points in September as the economy sours. Employers added 114,000 jobs, below expectations for an increase of 175,000. The unemployment rate rose to 4.3%, above economists expectations that it would be unchanged on the month at 4.1%.

Netflix, Apple TV+, and others. Netflix’s «The Umbrella Academy» premieres its final season on Thursday, August 8. The show follows a family of adopted superheroes — who were stripped of their powers in season three — who must work together to stop the apocalypse. Megan Mullally, Nick Offerman and David Cross are new faces in season four alongside regulars that include David Castañeda, Tom Hopper and Elliot Page. The musical cartoon for preschoolers called «Yo Gabba Gabba!» is also getting a reboot called «Yo Gabba GabbaLand!» on Apple TV+. The 10-episode series premieres Friday, August 9. It’s hosted by Kamryn Smith as Kammy Kam and brings back other characters from the original.

employment data on Friday stoked fears of a recession ahead, prompting investors to dump stocks and turn to safe-haven bonds. Treasury prices surged, sending yields to multi-month lows.

Oil prices fell on Friday, settling at their lowest since January after data showed the U.S. economy added fewer jobs than expected last month, and weak Chinese economic data added more pressure. Brent crude futures settled down $2.71, or 3.41%, to $76.81 a barrel. U.S. West Texas Intermediate crude futures settled down $2.79, or 3.66%, at $73.52.

Friendship Day is a special occasion dedicated to honoring the importance of friends in our lives. In 2024, this day will be observed on August 4 in the United States, India, and several other countries. International Friendship Day, recognized by the United Nations, is celebrated on July 30. This day highlights the value of friendships and offers a chance to express gratitude for these important relationships.

Federal Reserve easing cycle based on the latest evidence that the labour market is cooling. Economists at Bank of America, Citigroup, Goldman Sachs and JPMorgan Chase revamped their forecasts for US monetary policy Friday after data showed the US unemployment rate rose again in July, calling for earlier, bigger or more interest-rate cuts. Economists at Citigroup — already among the most aggressive in calling for the Fed to cut interest rates this year — said they expect half-point rate cuts in September and November and a quarter-point cut in December, having previously predicted quarter-point cuts at all three meetings. The Fed will then reduce rates by a quarter point at each meeting until mid-2025, bringing the policy band to 3%-3.25%, Veronica Clark and Andrew Hollenhorst predicted.

Peacock, and others OTT streaming channels have new movies in offerings for their viewers. Subscribers of these OTT platforms can enjoy a number of movies. A poorly planned heist goes terribly wrong in «The Instigators», a loosely amiable Boston-set caper starring Matt Damon and Casey Affleck. The movie, directed by Doug Liman (“Go,” “The Bourne Identity”), returns Damon and Affleck to familiar hometown terrain. They play a despondent pair who try to steal money from a corrupt mayor (Ron Perlman) but end up on the run, with a therapist (Hong Chau) in tow. The movie will be released on Friday, August 9, on Apple TV+.

Foreign investment in Indian government securities via the fully accessible route (FAR) crossed $9 billion in the first seven months of this calendar year, significantly exceeding investments for the whole of 2023 during which $8.21 billion came in into those securities, an analysis of CCIL data showed. Since the announcement of inclusion of domestic sovereign debt in the JP Morgan index in September 2023, there has been a $13.26 billion gush in government securities through FAR.

Base Dawgz ($DAWGZ) is starting August with a bang, raising $2.8 million in presale funds, while its parent chain, Base, saw a 56% growth in July.

₹4.78 trillion. Displaying signs of rising investor uncertainty amid increasing recessionary fears in the US and worsening geopolitical risks in the Middle East, the Nifty plunged 1.17% to 24,717.7 and the Sensex, 1.1% to 80,981, the steepest fall since the general election results day on 4 June.

Manchester United and Liverpool — will be playing each other but this time in the US. The soccer match will be played in South Carolina on Saturday. Manchester United versus Liverpool soccer match's kick off is scheduled at 7.30 pm (ET) at Williams-Brice Stadium in Columbia of South Carolina on August 3. Viewers in the US can watch the football match between Liverpool and Manchester United on ESPN and ESPN+. Liverpool are likely to win the game against Manchester United.

Paris Olympics 2024 live performance on Day 8 is scheduled to start off on August 3, with a plethora of events lying wait to begin, including the likes of the women's 100m final, cycling, artistic gymnastics and a lot more. As 29 gold medals lie in offer for Olympic enthusiasts this time on Day 8 of Paris Olympics, countries like China, Japan, Great Britain, USA and others will be trying to win as many gold as possible to consolidate their positions in the Paris Olympics medal tally.

Donald Trump, the Republican nominee will take on Democratic Party's candidate Kamala Harris in the November 5 US Presidential election. Vice President Kamala Harris had secured enough votes from Democratic delegates to become the party’s nominee for president, Democratic National Committee Chair Jaime Harrison said Friday. The online voting process doesn’t end until Monday, but Harris' campaign marked the moment when she crossed the threshold to have the majority of delegates' votes.

track and field events scheduled for August 3, at the Paris Olympics kick off within a matter of hours now and fans cannot hold their excitement as the past day of action in track and field has been nothing short of exciting, seeing phenomenal runs, selections, shocks and heartbreaks.

An airline passenger who tried to make a shank from plastic cutlery and open the cockpit door during a flight has been sentenced to 19 months in prison

Futu Securities International, Hong Kong’s largest online brokerage, has entered the cryptocurrency market by enabling retail cryptocurrency trading.

As the Shiba Inu (SHIB) price nosedives at the start of August, a hot new rival coin has just hit $860,000 in an accelerating presale.