Usa Financial News

rupee traded flat at 83.50 against the US currency in the opening session on Tuesday as the impact of a firm dollar in the overseas markets was offset by easing crude oil prices. At the interbank foreign exchange market, the rupee opened marginally up 1 paisa at 83.49 against the American currency. The local unit moved in a narrow range of 83.49 to 83.51 in restricted trade in the opening session. The rupee traded at 83.50 to a US dollar at 0925 hrs. The domestic unit had closed at 83.50 against the US dollar on Monday.

The US ETFs market saw significant inflows in the first half of 2024, with June alone seeing $81 billion in new investments, according to a new report by National Bank of Canada.

A woman from China has been arrested at a Vermont lake bordering Quebec for trying to smuggle 29 eastern box turtles, a protected species, into Canada by kayak, according to Border Patrol agents.

Corporate America needs to deliver a blowout quarterly earnings season for US stocks to extend a record-breaking rally, according to some Wall Street strategists.

A rally in the world’s largest technology companies sent stocks to all-time highs, with Jerome Powell’s remarks to Congress not doing much to dissuade traders from betting on Federal Reserve rate cuts this year.

Goldman Sachs is set to launch tokenization projects by the end of 2024, targeting money market funds and real estate, according to a July 10 report.

The Supreme Court has opened the door to new, broad challenges to regulations long after they take effect, the third blow in a week to federal agencies

«In the coming week, we expect stock and sector-specific action as the market starts taking cues from Q1FY25 earnings. On the macro front, investors will look out for inflation data that will be released by India, the US, and China,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services.

As US private equity firms battle to hire junior bankers before junior bankers have even begun their jobs and as junior bankers complain that the big private equity firms aren't even reimbursing their expenses for travelling miles to interviews, maybe there's another way. Maybe you don't even have to actually work in private equity at all.

WASHINGTON—Facing an uncertain outcome in U.S. elections in November and no clear pathway to NATO membership for his country, Ukrainian President Volodymyr Zelensky appealed Tuesday in a speech at the beginning of the alliance summit to a traditional vision of U.S. leadership.

Apple Watch Series 10's screen size is anticipated to surpass even the Apple Watch Ultra 2, which is currently Apple's largest smartwatch with its 49mm size and 1.92-inch display. Recent CAD render leaks suggest that the Series 10 could sport a 2-inch display, marking a substantial increase in screen real estate.Under the hood, the Series 10 will likely be powered by the same processor found in the third-generation Apple Watch Ultra.

U.S. stocks rose to more records after a report on the job market bolstered hopes that interest rates may soon get easier

shares of HDFC Bank, IDFC First Bank, IDBI Bank, Dr Reddy's, Lloyds Metals among others will be in focus due to various news developments and first-quarter updates. HDFC Bank

Last checked, US-based Tesla had not taken the bait of India’s policy package unveiled in March to attract global makers of electric vehicles (EVs), though Vietnam’s VinFast may qualify for its benefits—which include low-tariff imports of EVs worth under $35,000 apiece for five years—and Germany’s famous Mercedes-Benz has it under consideration. As reported, Mercedes India’s CEO Santosh Iyer has said the car-maker is ready to invest $500 million, the qualifying minimum, if it could be certain that today’s 5% GST rate for EVs stays in place for at least a decade. In itself, this is not an unreasonable ask.

Do Americans want plant-based options at fast-food restaurants

Investors are capitalizing on the recent dip in Bitcoin prices by pouring money into Bitcoin exchange-traded funds (ETFs).

When Natasha Craft first got a Yotta banking account in 2021, she loved using it so much she told her friends to sign up.

concert tour of pop sensation Taylor Swift dubbed the Eras Tour, began in March 2023 and will run through December 2024. Swift reportedly makes about $13.6 million for each performance, according to reports from 'Forbes'. This number demonstrates her prominence as one of the most well-known pop music artists of today.

Also read: Understanding metabolic syndrome, which affects 1 in 3 Indians In 2002, WHI released preliminary findings from a study undertaken to determine whether HRT protected women from heart disease and whether it increased the risk of breast cancer. The findings indicated that combined oestrogen and progestogen therapy showed elevated risks of breast cancer, heart disease, stroke and blood clots among the participating women, and the study was halted. Later, meta-studies and clarifications repudiated many of the WHI findings, but a culture of over-cautiousness had set in—and continues to be an influential factor in the clinical treatment of menopause.

Most bullish factors are priced in bullion now and we believe that after registering strong gains in the last three months, bullion prices are likely to witness a correction in the short term, Anuj Gupta, Head Commodity & Currency at HDFC Securities said. In the long term, he remains bullish expecting this precious metal to test Rs 78,000-Rs 80,000 levels by the end of the year. Edited excerpts: Gold has given 13% returns in H1CY2024 amid ups and downs. How will you rate its performance during this period against your expectations? Gold's rally has been more than what Nifty has delivered till date. The gains have been on account of bullish buying by major Central Banks across the world. Moreover, geopolitical tension and fear of slow down in Europe and the US also played their part. All these factors have been positive for gold being a safe haven for investors. On the flip sided equities and Nifty have suffered as a consequence of this.

Two former senior executives of the collapsed cryptocurrency exchange FTX are set to face sentencing later this year for their roles in one of the biggest financial scandals in recent history. This was revealed in a July 9 court docket entry in the U.S. District Court for the Southern District of New York.