Usa Financial News

China won its first gold medal in diving on Saturday on the first full day of competition in the Paris Olympics, a perfect start for the team of Chang Yani and Chen Yiwen. China has ruled diving for decades, and three years ago in Tokyo, it won seven of eight gold medals. But, it's never pulled off the elusive gold sweep. That's the goal this time.

stock in the ratio of 1:5 meaning that for each stock with a face value of Rs 5, there will now be 5 shares with a face value of Re 1. “Sub-division/ split of each equity share of the Company having face value of Rs.5/- (Rupees five only) each, fully paid-up, into 5 (Five) equity shares having face value of Re.1/- (Rupee one only) each, fully paid-up, by alteration of the Capital Clause of the Memorandum of Association of the Company,” the company informed the exchanges.

NASA has identified a private entity Axiom Space and ISRO had signed a Space Flight Agreement with the American firm for the joint mission to the International Space Station (ISS).

Discover the leading companies in India to watch in 2024, distinguished by their innovation, leadership, and commitment to excellence. These admired organizations are setting new benchmarks across various industries, showcasing remarkable growth and resilience. With their forward-thinking strategies and dedication to quality, they are not only achieving significant milestones but also inspiring others in the business world. As we enter the new year, keep an eye on these influential companies that are poised to make a substantial impact and continue shaping India's economic landscape.

Crypto-friendly Senator Cynthia Lummis did not unveil legislation that would establish Bitcoin as a strategic reserve asset for the United States during her speech at the Bitcoin 2024 conference in Nashville.

Donald Trump's speech at the Bitcoin Conference in Nashville on Saturday, cryptocurrency markets were trading higher on Friday. At 12:30 am IST, Bitcoin (BTC) was trading 4.3% higher at $67,060, while Ethereum surged over 3% to $3,265. Meanwhile, the global cryptocurrency market cap rallied by 3.53% to around $2.4 trillion in the last 24 hours.

Cryptocurrency markets were deeply in the red on Thursday as a slump in global tech stocks drove investors towards less risky assets. The S&P 500 and Nasdaq ended at multi-week lows on Wednesday, with the S&P breaking one of its longest streaks with a daily decline of more than 2%. Increased market volatility triggered a sharp decline in the U.S. dollar, which fell another 0.7% to 152.78 yen on Thursday.

Bitcoin began the week on a high note, trading at around $68,000. Market participants were buoyed by optimism about Donald Trump’s potential election win. Tuesday marked a significant milestone in the cryptocurrency market with the trading debut of Ether ETFs following the SEC's approval. This development was highly anticipated, as it represents a significant step towards mainstream acceptance and institutional adoption of Ethereum, the second-largest cryptocurrency by market capitalization. The approval of Ether ETFs is seen as a validation of the crypto sector, encouraging further investment and interest. The mid-week brought a downturn, with Bitcoin falling back to the $64,000 level. This decline was partly driven by disappointing earnings reports from major tech companies like Alphabet and Tesla. As tech stocks tumbled, the ripple effect was felt in the cryptocurrency space. Another factor contributing to the mid-week slump was the continued selling pressure from Mt. Gox creditors. The combined effect of tech stock declines and Mt. Gox-related selling pushed Bitcoin down to the $64,000 mark.

Donald Trump made another attention-grabbing statement about automatically granting green cards to foreign students. It sounds exciting, but let's examine the reality of this idea.

South China Sea, escalating fighting in Myanmar, and regional rivalry. Meetings on Saturday will bring together in the same room allies of the Association of Southeast Asian Nations — including the United States, China, Russia, Japan, India and Australia — to bolster their relationships and discuss key security issues and other regional affairs.

China sparred over industrial subsidies at the World Trade Organization on Friday, with Beijing asking to set up a dispute panel to review the Inflation Reduction Act’s tax credits and Washington responding by accusing China of hypocrisy.

Budget week has not sparked any significant excitement in the market as the government measures were both populist and prudent. The increase in short- and long-term capital gains taxes added to the volatility. During the week, as many as 132 smallcap stocks delivered double digit weekly returns with eight of them offering over 25% returns.

Netanyahu worked to mend ties with Republican presidential candidate Donald Trump on Friday and offered measured optimism about progress toward a cease-fire deal for Gaza as he neared the end of a contentious US visit that put on display the growing American divisions over support for the Israeli-Hamas war. At Trump's Florida Mar-a-Lago estate, where the two men met face-to-face for the first time in nearly four years, Netanyahu told journalists he wanted to see US-mediated talks succeed for a cease-fire and release of hostages.

Michigan Retirement System, which oversees some $143.9 million in pension fund assets for state employees, has invested $6.6 million in the ARK 21Shares Bitcoin ETF, it disclosed in a regulatory filing on Friday.

investors are bracing for earnings from the market's biggest tech companies, a Federal Reserve policy meeting and closely watched employment data in a week that could determine the near-term trajectory of U.S. stocks following a bout of severe turbulence. A months-long rally in massive tech stocks hit a wall in the second half of July, culminating in a selloff that saw the S&P 500 and Nasdaq Composite Index notch their biggest one-day losses since 2022 on Wednesday after disappointing earnings from Tesla and Google-parent Alphabet.

global stocks climbed for the first time in four sessions on Friday as equities steadied after a sharp selloff and U.S. economic data showed an improving inflation landscape, sending Treasury yields lower. The Commerce Department said the personal consumption expenditures (PCE) price index, the Federal Reserve's preferred inflation gauge, edged 0.1% higher last month after being unchanged in May, matching estimates of economists polled by Reuters.

Wall Street's major indexes ended higher on Friday as investors flocked back to tech megacaps that had triggered broad sell-offs earlier in the week, and inflation data boosted optimism that the Federal Reserve will soon commence cutting interest rates. For the S&P 500 and Nasdaq Composite, the advances could not completely recoup the ground lost in the two previous sessions, with both indexes ending the week lower for the second consecutive week.

International Association of Machinists and Aerospace Workers (IAM) Coalition of Organized Retail Employees (IAM CORE) reached a tentative agreement with tech giant Apple on Friday over improvement in work-life balance, pay raises and job security.

As crypto markets push higher in wake of US inflation data that has bolstered Fed rate cut confidence and in anticipation of pro-crypto remarks from US President Donald Trump at the Nashville Bitcoin Conference on Saturday, meme coins are popping and are the top crypto gainers today.