Usa Financial News

Bitcoin’s price dropped 1.4% to $63,721 on Thursday after the US Federal Reserve decided to keep interest rates unchanged and amid concerns about rising tensions in the Middle East.

Rubicon Research has filed its draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) for ₹1085 crore initial public offer (IPO). The company’s IPO comprises a fresh issue of up to ₹500 crore and an offer for sale of up to ₹ 585 crore by the promoter selling shareholder, General Atlantic Singapore RR Pte Limited.

Mark Matthews, MD, Julius Baer, says he wishes there would be a pullback in the Indian market. It is becoming overvalued. Matthews further says that there does seem to be some sectoral rotation going on. In India, the growth is the opposite of what it is in the US. In the US, value is smallcaps and growth is big caps and in India, it is the other way around. I think there are a lot of emerging sectors in India that are small now but will be big sectors in the future like hospitality, defence which are in the midcap space and I would say those are the growth areas that long-term one would do well to be in. Everything is moving on expected lines and I look at the market from the prism of the US Fed. The US Fed pretty much has said what everybody was expecting, growth is decent and rate cuts will start. Mark Matthews: I did not expect them to be so overt in telling us there will be a rate cut in September. They did not need to because the market is already pricing one in. I felt that was interesting. There was no urgency in the statement or Jerome Powell's comments to the press but the most interesting thing is there was a sentence in the statement for two years saying that inflation was the most important criterion and that was replaced with the dual mandate of inflation, but also employment.

David Marcus, former PayPal president and current Lightspark CEO, endorsed former President Donald Trump for re-election on Wednesday.

Donald Trump falsely suggested Kamala Harris had misled voters about her race as the former president appeared before the National Association of Black Journalists in Chicago Wednesday in an interview that quickly turned hostile.

Breakout stocks to buy or sell: Despite weak global market sentiments, the Indian stock market ended higher for the third day in a row on Wednesday. The Nifty 50 index finished 121 points higher at 24,978. The BSE Sensex scaled 285 points north and closed at 81,741, whereas the Bank Nifty index was 121 points higher at 51,620.

Donald Trump falsely suggested to the country's largest annual gathering of Black journalists on Wednesday that his Democratic rival Kamala Harris had previously downplayed her Black heritage.

Sept. 11 attacks, Khalid Sheikh Mohammed, and two of his accomplices, held at the U.S. military prison at Guantanamo Bay, Cuba, have agreed to plead guilty, the Pentagon said on Wednesday.

Russia and China, reports the 'Daily Express US'. It has also been said that the US military may lose a future war against the arch-rivals if considerable investment is not made in the defense sector. The report has made it clear that major changes and significant investments are needed now and the country should not wait for the next Pearl Harbor or 9/11. The Imperial Japanese Navy conducted a surprise aerial assault on Pearl Harbor on December 7, 1941. The unprovoked attack sucked the US into World War II, and it immediately declared war on Japan.

Paris Olympics action is currently in progress with swimming being one of the primary actions here in the La Defense Arena in the city as Team USA and others are on the hunt for multiple gold medals from the various swimming events that lie ahead. Although, the road ahead seems quite tough for the athletes as the pools in France seem 'slow' to them, as they are not nearing world records quite easily, according to a previous ET report.

Megan Thee Stallion made a mark with her high-energy performance at Vice President Kamala Harris's recent Atlanta campaign rally. At the Georgia State Convocation Center, the hip-hop performer appeared dressed in a blue suit and tie. Megan played her hit song «Savage» in front of an estimated 10,000 people, which is known for its explicit lyrics, as per the reports of the New York Post.

US election 2024 documentary «Trump v Harris: The Battle for America» is all set to be released in August. One-hour long documentary will premier on August 7 on Channel 4. The documentary will delve into critical aspects of campaigns led by Republican nominee Donald Trump and Vice President Kamala Harris for the US Presidential election 2024.

U.S. auto safety regulators say they stand by a conclusion that more than 50 million air bag inflators are dangerous and should be recalled

The judge who presided in the class-action lawsuit filed by “Sunday Ticket” subscribers against the NFL said the jury did not follow his instructions in determining damages

Tether has reported a net profit of $5.2 billion for the first half of 2024, driven by strong revenue from traditional asset investments.

The United States Securities and Exchange Commission (SEC) is now sharing information to help crypto victims affected by Do Kwon’s Terraform Labs collapse file compensation claims.

Boeing has a new chief executive

Simone Biles and Shaquille O’Neal are two sport stars from US, who are well known for their respective fields. However, one thing that definitely sets them apart is their height, as a 7-foot-1 O'Neal looks gigantic beside a 4-foot-8 Biles, an picture of which has become a sensation yet again on social media.

A robust majority of US adults agree change is needed in the Social Security system, according to a new survey from the Nationwide Retirement Institute.