Usa Financial News

Gas prices are once again on the decline across the U.S. That's bringing some relief to drivers now paying a little less to fill up their tanks

A New Mexico judge has cleared the way for a landmark lawsuit to proceed over allegations that the state has failed to meet its constitutional obligations for protecting against oil and gas pollution

A new attraction starring the first Black Disney princess is opening at the company's theme parks in Florida and California

The humanitarian organization Direct Relief is helping community health centers across the United States install rooftop solar and battery storage systems as they confront more frequent power outages from extreme weather and fickle grid systems

The U.S. Coast Guard is backing away from a weekend report that a ship may have struck something in Lake Superior before it began taking on water

The World Bank has upgraded its outlook for the global economy, estimating that it will expand 2.6% this year on the strength of sustained growth in the United States

₹1,445 crore to partly finance the acquisition of US-based pharmaceutical major Viatris’ active pharmaceutical ingredients (API) business by Matrix Pharma Private Ltd.The deal is being consummated with financing from Kotak Strategic Situations Fund II, the firm said in a statement, more than a year after it announced the first close of a $1.25 billion fund to invest across growth and value companies.The acquisition is expected to make the Hyderabad-based Matrix Pharma the second largest Indian player in antiretroviral API space. It will also gain access to Viatris’ network of 185 scientists and a repository of more than 600 drug master files (DMF).Kotak Alt’s capital infusion will enable Matrix to consolidate its leadership in the API business by focusing on third-party sales and will selectively evaluate inorganic opportunities in the pharma contract development and manufacturing organization (CDMO) space.Srini Sriniwasan, managing director of Kotak Alternate Asset Managers, said that the deal underscores Kotak Alt’s pharma industry capabilities and its ability to create a platform to build a robust API business which we can support with organic and inorganic growth.Viatris Inc was a result of a merger between Mylan NV and Pfizer’s Upjohn unit in 2020.

Prosecutors in the United States on Tuesday are asking a judge to hand Changpeng Zhao, the founder of Binance, the world's largest cryptocurrency exchange, a three-year prison sentence for allowing rampant money laundering on the platform.

Bitcoin (BTC), the world’s leading cryptocurrency, continued its downward trajectory, trading around the $67,925 level and hitting an intraday low of $67,786. This recent decline of 2.5% has sparked concerns about a potential bigger sell-off.

Cryptonews Podcast’s Matt Zahab sat down for an exclusive interview with Stefan Kimmel, the CEO of the global crypto investment platform M2.

Mint on the sidelines of the GitHub Galaxy event in Bengaluru on Tuesday. Amid a global shift to AI, India boasts over 15.4 million developers on GitHub, compared to a little over 21 million in the US. Globally, there are more than 100 million developers.

Stock market today: Indian stock market benchmarks consolidated for the second consecutive session on Tuesday, June 11, amid weak global cues.Despite opening higher and trading in positive territory for a significant part of the session, equity benchmarks—Sensex and Nifty 50—ended flat on profit booking in the absence of fresh triggers.Sensex hit its intraday high of 76,860.53, but prey to profit booking in the fag-end and ended 33 points, or 0.04 per cent, lower at 76,456.59. Nifty 50 opened at 23,283.75 against its previous close of 23,259.20 and touched its intraday high of 23,389.45.

Joe Biden drop out of the 2024 US Presidential Election? This question is looming large over the party and the political system of the country as he has slipped to the all-time low rating of 37.4%. Pollster Nate Silver has said that «Biden just hit a new all-time low in approval.» He took to the social media platform X to write that dropping out would be a big risk, but there’s some threshold below which continuing to run is a bigger risk.

inflation data and a policy announcement from the Federal Reserve expected on Wednesday. The Dow Jones Industrial Average fell 72.33 points, or 0.19%, at the open to 38,795.71.

NASA shares image of ’suspicious’ redbelly turtle from Kennedy Space Center in Florida | See photoSoon after, another solar explosion, coronal mass ejection (a blast of energetic particles from the sun's surface) reached Mars.These energetic particles from the sun's surface hit the Martian surface, and NASA's Curiosity Rover captured the effect.The US space agency in a statement said on May 20, so much energy from the storm struck the Curiosity Rover's surface that its black-and-white images danced with 'snow' — white streaks and specks caused by charged particles hitting the cameras.Also read: On this day: Key events on June 10, from NASA’s Mars mission in 2003 to Benjamin Franklin’s kite experiment in 1752Unlike the Earth whose magnetic field traps energetic particles in the high atmosphere, Mars lost its protective magnetic field long ago, thereby impacting the Martian ground.The magnetic field helps shield the surface, and us, from radiations.Ever since the Curiosity Rover landed on Mars on 2012, the May 20 radiation was the highest ever measured."If astronauts had been standing next to NASA’s Curiosity Mars rover at the time, they would have received a radiation dose of 8,100 micro grays — equivalent to 30 chest X-rays," NASA said.Also read: NASA images: These 10 incredible photographs will blow your mindThat's not in itself a "deadly" amount, it explained, but "certainly something humans would not want to be exposed to, nor ever repeatedly exposed to".NASA has been planning to send astronauts to Mars as early as the 2030s under its Artemis program.

U.S. employers added 2,72,000 jobs in May, up from April and more than economists expected. The report also showed the unemployment rate rising for a second straight month. Overall, it signals continued strength in the jobs market, with some minor signs of weakening. The strong jobs market has supported consumer spending and the broader economy, but it has also been complicating the Federal Reserve's path ahead for interest rates.

This was an increase on the 4.3% reported in the previous period and the highest reading since the three months to September 2021, according to the Office for National Statistics. It said: «This month's figures continue to show signs that the labour market may be cooling, with the number of vacancies still falling and unemployment rising, though earnings growth remains relatively strong.» Fed rate cut 'off the table' as US economy adds 272,000 jobs The number of UK payrolled employees decreased by 36,000 (0.1%) between March and April 2024 but increased by 201,000 (0.7%) in the las...

focus of IT companies on cost rationalization. But that has not helped contain earnings downgrades. Putting everything together, a significant turnaround in revenue growth is not expected before FY26.

Madison Ventures managing director Mitch Roschelle analyzes the housing market and reveals some of the best places to live outside of big cities on 'The Big Money Show.'

Bitcoin (BTC) continued its upward momentum, reaching around $67,900. The Federal Reserve’s preferred inflation measure, the Core PCE Price Index, increased by 0.2% month-over-month in April, aligning with expectations but slightly below the previous month’s 0.3% rise. This modest increase may ease some inflation concerns for the Fed, but consistent readings are necessary to support a potential rate cut by September.

US-based ETF provider Global X has listed the Global X Bitcoin ETP and the Global X Ethereum ETP on the London Stock Exchange.