Usa Financial News

The European Commission has approved Lufthansa’s takeover of Italian airline ITA with conditions to protect competition

Now here’s a shocker. The highly credentialed and highly compensated nonprofit executive who tells businesses to stop focusing on the needs of shareholders doesn’t seem to be a very nice boss. In fact he may treat his employees even worse than he wants businesses to treat their owners and customers.

White House staff and those who are working closely with President Joe Biden have been left baffled after the first US Presidential debate. It has been reported by the New York Post that the president has been continuously expressing his anger and taking it out on his aides. The staff were also not briefed regarding the outcomes of the first presidential debate and were left with many unanswered questions, according to Axios. White House has dismissed these reports and clarified that Biden has been receptive of different ideas and is preparing for the election campaign ahead of the US Presidential Election in November. Also Read: US Independence Day 2024: What and where to watch on TV on 4th July? Series, shows, movies and more

Seattle inaugurated its new visa application centre on Friday. The facility will offer full visa and passport services to the greater Seattle area. Local leaders, including Seattle Mayor Bruce Harrell, Port Commissioner Sam Cho, and State Rep. Vandana Slatter, were among those who attended the event. Mayor Harrell presented the first Indian passport and visa to eager applicants, marking a special moment for the community.

India’s recent inclusion in JPMorgan's Emerging Market Bond Index (EMBI) marks a significant milestone for our country's financial markets. As someone who has long anticipated this development, I believe it presents a compelling opportunity for fixed income investors to capitalise on the changing landscape. This move is not just another headline—it’s a fundamental shift that will reshape India's position in the global financial ecosystem.

Mint looks at the key aspects of the latest Hindenburg post: The show-cause notice dated 26 June 2024 was sent to Hindenburg and Kingdon Capital Management, the only investor with which the US short seller shared the damning report on the Adani Group before publishing it. The notice details how Hindenburg violated some regulations, including inadequate disclosures on how it traded and profited. It estimates Hindenburg made $14.7 million from taking a short position in Adani.

As meme coin markets strive to rebound from a significant dip, volatility remains high. Shiba Inu is particularly hard-hit, with its price tumbling once again.

UN Security Council members confronted Russia on Tuesday over a missile strike the previous day that destroyed part of Ukraine's largest children's hospital, pouring out condemnations at an emergency meeting chaired by Moscow's own ambassador. Russia denies responsibility for the strike at the hospital, where at least two staffers were killed. France and Ecuador asked for the session at the Security Council, but Russia led it as the current holder of the council's rotating presidency, putting Ambassador Vassily Nebenzia on the receiving end of the criticism. «Mr President, please stop this war. It has been going on for too long,» Slovenian Ambassador Samuel Zbogar appealed.

Stocks closed mixed on Wall Street after testimony from Federal Reserve Chair Jerome Powell in front of Congress provided little new guidance on the Fed’s plans on when it might lower interest rates

House of the Dragon, the epic American fantasy drama from creators George R.R. Martin and Ryan Condal, continues to captivate audiences with its deep dive into Westeros nearly two centuries before Game of Thrones. As Season 2 unfolds, anticipation mounts for Episode 4, promising more intrigue and drama.

Owning an ultrarare Scotch whisky, like the Macallan Fine & Rare 1961 that sold for $32,500 at Bonhams in February, is out of reach for the average tippler. But that doesn’t mean spirits collecting is only for the wealthy. Demand for fine, or luxury, spirits has leapt over the past several years, led by tequila and American whiskey/bourbon.

State Department Deputy Spokesperson Vedant Patel made the remarks on Monday at his daily news conference in response to a question on US-India relations and the recent conversation between President Joe Biden and Prime Minister Narendra Modi on the sidelines of the recent G7 Summit in Italy. «India is a country in which we are deepening our relations within a number of key spaces, especially as it relates to deepening our economic ties, deepening our security cooperation,» Patel told reporters.

'Mansion Global' host Katrina Campins discusses the state of the housing market on 'Making Money.'

Target says it will no longer accept personal checks from shoppers as of July 15

The U.S. government will pay the vaccine maker Moderna $176 million to accelerate development of a pandemic influenza vaccine

Any euphoria over the size of its win, though, will be quickly overshadowed by the scale of the economic challenges facing the next government. Among economic data this week, inflation cooled last month in the euro zone, the US labor market showed further signs of moderating and Japan’s household spending retreated.

Biden on Friday said he had «a bad night» and he was «exhausted» and «sick» during his first presidential debate with his Republican rival Donald Trump. He asserted that only the "Lord Almighty" could make him drop out of the race to win the November 5 election. Biden, 81, said this in a television interview, a week after his subpar debate performance in Atlanta on June 27 against Trump, following which some of his own party leaders started urging him to step down and his approval rating plummeted. Seeking his second term from his fellow Americans, Biden alleged that Trump is a pathological liar.

A sizzling heat wave has Canada and the United States in its grip as a global streak of the hottest months continues to shatter records.

ONGC Videsh Ltd (OVL), the overseas arm of state-run explorer Oil and Natural Gas Corp. (ONGC), is raising $800 million through a five-year loan from three domestic banks, people familiar with the matter said. The loan is likely to be priced at 120 basis points above the three-month international benchmark Secured Overnight Financing Rate (SOFR), the people said. «Three banks, state-owned Bank of Baroda (BoB), private sector Axis Bank and Singapore-based DBS Bank are the mandated lead arrangers for this loan which is now being syndicated to other banks. Bankers will go on a roadshow to Singapore and Taipei later this month to broaden the scope of lenders in this deal,» said one of the persons cited above.

Meme trader Keith Gill, popularly known for his role in the GameStop trading frenzy, has disclosed owning a 6.6% stake in Chewy, according to a recent filing with the United States Securities and Exchange Commission (SEC).

The rally in the Japanese currency, which has been languishing at around 38-year lows, began on Thursday just after data showed U.S. consumer prices for June eased, boosting the odds of the Federal Reserve cutting rates as soon as September.