Usa Financial News

ABFRL, Amara Raja, Tata Steel, Brigade, NBCC, Wockhardt, are a few stocks likely to be in focus on Wednesday, May 29.Sensex Today Live : The Indian stock market, represented by the Sensex and Nifty 50 indices, is set to continue its downward trend and open lower on Wednesday, influenced by weak global indicators.The Gift Nifty, a key indicator of the Indian benchmark index, also signals a negative start, trading around the 22,830 level. This represents a nearly 90-point discount from the previous close of Nifty futures.On Tuesday, the Indian equity market extended its losing streak for the third consecutive session.

Sensex declined 220.05 points, or 0.29%, to close at 75,170.45, while the Nifty 50 settled 44.30 points, or 0.19%, lower at 22,888.15.Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — May 29“We expect the Nifty to remain sideways to marginally positive on the back of reduced FII selling, prediction of above normal monsoon and last leg of Q4 results," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.Here are key global market cues for Sensex today:Asian markets traded mixed on Wednesday tracking a similar trend overnight on Wall Street.Japan’s Nikkei 225 gained 0.18%, while the Topix was flat. South Korea’s Kospi declined 0.26% and the Kosdaq dropped 0.44%.

NASA's Hubble Space Telescope which launched in 1990 has changed the fundamental understanding of the universe right from determining the atmospheric composition of planets around other stars to discovering dark energy.Coming back to the Gomez's Hamburger, NASA further explains that, “view was created by a dying Sun-like star casting off its outer layers of material."While explaining the simmilarties between the hamburger and this celetial giant, NASA added, “the ingredients of this giant are dust and light; the hamburger "buns" are light reflecting off dust and the "patty" is the dark band of dust in the middle, which is hiding the dying star." This image was shared the US space agency on Hamburger day which was celebrated on May 28th.Internet users couldn't resist commenting on the captivating image of the cosmic object posted by NASA.One user said, “Mother Nature does have a sense of humour"“Awsome tremendeous," another user commentedSome another wrote, “Stellar burger you got there."“Space burgers and stargazing - proof that you can have it all." A user also argued against the notion that Gomez's Hamburger is created by a dying star, suggesting instead that it is more likely formed by the protoplanetary disk surrounding a new star.Meanwhile, NASA announced in a May 26 press release that the first of two climate satellites, designed to study heat emissions at Earth's poles was launched. The agency's PREFIRE (Polar Radiant Energy in the Far-InfraRed Experiment) mission consists of two shoebox-size cube satellites, or CubeSats, that will measure the amount of heat Earth radiates into space from two of the coldest, most remote regions on the planet.

equity markets fell in a volatile trade on Tuesday amid uncertainty ahead of Lok Sabha election results. In today's trade, shares of IRCTC, Hindalco, IRCTC State-run Indian Railway Catering and Tourism Corporation (IRCTC) reported a consolidated profit after tax (PAT) of Rs 284 crore, which was up 2% year-on-year.

Novelis Inc, the US-based aluminium products company of the Aditya Birla Group-controlled Hindalco Industries, is set to list on the New York Stock Exchange in around two weeks, people aware of the matter said. Novelis on Tuesday launched a roadshow for its proposed initial public offering (IPO), where Indian parent Hindalco plans to sell 45 million shares, or a 7.5% stake, in the company at $18-21 per share.

Mint looks at the scenario: The agriculture ministry said in February that it expects a harvest of 112 million tonnes (mt) in 2024.That’s a record. However, this is only a tad higher than the 2021 crop, estimated at 110 mt. In 2022 and 2023, climate shocks— including heatwaves and untimely rains—impacted production, leading to a drawdown of public stocks.

Equity markets witnessed a volatile session on Tuesday to finally end with losses. The broader market witnessed sharper profit booking, indicating heightened volatility. «Nifty has been consolidating in a broad range for the third consecutive day as investors remain watchful ahead of the big election outcome next week. We expect the Nifty to remain sideways to marginally positive on the back of reduced FII selling, prediction of above normal monsoon and last leg of Q4 results,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.

Difacto Robotics and Automation has secured Rs 40 crore (about $4.8 million) from private equity firm Stakeboat Capital in its first financing round. Ajay Gopalswamy, founder and chief executive of the Bengaluru-headquartered company, told ET that the money will be used to expand across sectors such as cars, home appliances and electronics, as investment and volume in manufacturing go up.

Burger King's 70th birthday is on National Hamburger Day and the outlet is offering lucrative discounts throughout the week. One can get free hamburger on Tuesday, free Croissan’wich on Wednesday, free soft-drink on Thursday, free cheeseburger on Friday, free Birthday Pie Slice on Saturday, free original crispy chicken sandwich on Sunday, free Whooper Jr. on Monday, as per a report on USA Today. However, all free deals can be availed once you purchase certain amount's food.

ABC's "The Rookie" Season 6 concluded with anticipation for Season 7, promising more tales from Mid Wilshire in the upcoming 2024/2025 TV season. Although fans must wait until mid-season for new episodes, production for the new season is ramping up. Showrunner Alexi Hawley shared with TV Line that filming for Season 7 is scheduled to commence early next month, stating, «Early June, we get right back into it.» Seamless Season

Theo James will star with Aaron Taylor-Johnson in the upcoming film "Fuze," directed by David Mackenzie. Filming begins in July. Plot, Cast

Central Bank Governor Chea Serey revealed On May 28 that the Central Bank Digital Currency (CBDC) Bakong could increase the adoption of Cambodia’s Riel currency by facilitating cross-border QR payments.

Americans expect more federal student debt forgiveness in a survey conducted by the Federal Reserve Bank of New York last month.

LSEG director of consumer research Jharonne Martis analyzes the health of the consumer and explains what's behind the shift in spending on «Making Money.»

The former chief executive of FTX’s Bahamas subsidiary was ordered to spend 7.5 years in prison, the first of Sam Bankman-Fried’s close associates to be sentenced in the wake of the cryptocurrency exchange’s implosion.

In September, Salame pled guilty to conspiracy to make unlawful political contributions and defraud the Federal Election Commission and conspiracy to operate an unlicensed money transmitting business. Salame was a close ally to FTX founder Sam Bankman-Fried, who in March was sentenced to 25 years in prison for stealing $8 billion from customers. Between 2019 and 2021, Salame was a high-ranking official at Bankman-Fried's quantitative crypto trading firm Alameda Research.

Volodymyr Zelenskyy received a second $1-billion promise of military aid in as many days on Tuesday during a whirlwind tour of three European Union countries, even as President Vladimir Putin warned that hitting Russian soil with Western-supplied weapons could set the war on a dangerous new path. The aid pledge for 2024 came from Belgium, which topped up the money with a commitment to give Ukraine 30 F-16 fighter jets in the next four years. «Our task is to use the first F-16 on the battlefield this year and in such way that it will fortify our positions,» Zelenskyy said.

Melinda French Gates says she will be donating $1 billion over the next two years to individuals and organisations working on behalf of women and families globally, including on reproductive rights in the US. French Gates earlier this month announced she would step down from the women and families. French Gates, one of the biggest philanthropic supporters of gender equity in the US, said Tuesday in a guest essay for The New York Times that she's been frustrated over the years by people who say it's not the right time to talk about gender equality. «Decades of research on economics, well-being and governance make it clear that investing in women and girls benefits everyone,» she wrote.

Taylor Swift, the pop icon whose wildly successful Eras concert tour catapulted her net worth to stratospheric heights last year, isn’t the only new billionaire to take a spot among the wealthiest women in the US.

Treasuries fell and stocks churned after a pair of weak US bond sales, with traders also weighing mixed economic data and remarks from Federal Reserve speakers that will help shape the outlook for rates.

An explosive ETF-fuelled rally by popular meme coin Pepe ($PEPE) appears to be rapidly losing momentum.