Usa Financial News

storms swept over the central and southern U.S. over the Memorial Day holiday weekend, killing at least 22 people and leaving a wide trail of destroyed homes, businesses and power outages. The destructive storms caused deaths in Texas, Oklahoma, Arkansas and Kentucky and were just north of an oppressive, early season heat wave setting records from south Texas to Florida.

Siemens Energy AG has said it plans to sell the India wind turbine unit of its subsidiary, while Shell Energy, which acquired Sprng Energy in August 2022 is looking for investors. EQT and Temasek are planning to sell the 4GW O2 power platform, while Macquarie has explored the sale of its solar power project Stride platform and C&I platform Vibrant Energy.

With the Joe Biden administration imposing massive new tariffs on Chinese-made electric vehicles, some experts argue that a American-style tariff may not make sense for Canada.

Altcoin interest may be the driving factor as South Korean interest in alternative cryptoassets continues to rise, a new report has claimed.

Bill Gross, the veteran bond investor often referred to as the “Bond King,” has spoken out about the potential impact of a Donald Trump presidency on the US bond market.

It was a quiet start to the week for global markets, with US markets shuttered for Memorial day, but cryptocurrencies were nonetheless in a good mood, with most major coins rising in wake of pro-crypto commentary from US Presidential candidate and former President Donald Trump last week, and traders hunting for the best crypto to buy now.

The recent approval of Ethereum spot ETFs is a net positive for Bitcoin adoption, according to MicroStrategy executive chairman Michael Saylor, who appeared on the What Bitcoin Did podcast last week.

The parents of Grayson Murray said the 30-year-old pro golfer died by suicide on Saturday morning, just one day after he withdrew from a PGA tournament citing health reasons.Murray, a two-time PGA Tour champion, was open about his struggles with mental health and alcoholism.“Life wasn’t always easy for Grayson, and although he took his own life, we know he rests peacefully now,” Eric and Terry Murray wrote of their son’s death in a statement shared by the PGA Tour.“Please respect our privacy as we work through this incredible tragedy, and please honor Grayson by being kind to one another. If that becomes his legacy, we could ask for nothing else.”A statement below from Grayson's parents, Eric and Terry Murray.If you are experiencing a mental health crisis, please call the national suicide and crisis lifeline in the United States at 988 or visit their website at https://t.co/j0traBx8ia.

Taylor Swift, the global pop sensation, has announced the addition of three new opening acts for her highly anticipated Eras Tour at Wembley Stadium. Swift shared the news on her Instagram story, delighting fans with the announcement of Mette, Griff, and Benson Boone as the new performers joining her London shows.

US Air Force has released the first in-flight pictures of its new futuristic-looking nuclear stealth bomber B-21 Raider. It is capable of carrying missiles with nuclear warheads and it is significant because Russian President Vladimir Putin has said that if the existence of his country is at stake, he may be forced to use the nuclear weapon.

China has set up the country's largest-ever semiconductor investment fund to propel development of the domestic chip industry, the latest effort from Beijing to achieve self-sufficiency as the US seeks to restrict its growth. The third phase of National Integrated Circuit Industry Investment Fund has amassed 344 billion yuan ($47.5 billion) from the central government and various state-owned banks and enterprises, including Industrial & Commercial Bank of China Ltd, according to Tianyancha, an online platform that aggregates official company registration information. The fund was incorporated on May 24.

Google has leased 649,000 sq ft office space at Alembic City in Whitefield, Bengaluru, at a monthly rental of ₹62 per sq ft for a three-year lock-in period as part of its expansion strategy in India, said people aware of the deal. «This move is in line with the tech giant's proactive approach to leasing both traditional and flexible office spaces in major cities to strengthen its presence,» one of the persons said. In 2022, Google Connect Services India Pvt. Ltd, a subsidiary of the US technology conglomerate, had a renewed rental pact for about 600,000 sq ft office space in Hyderabad. The company also agreed with Bagmane Developers to lease 1.3 million sq ft office space in Bangalore. «Since 2020, Google's office space portfolio in India has increased by 3.5 million sq ft,» another person said. «The firm has a presence in five cities in India spread over 9.3 million sq ft of real estate footprint,» he said.

Oil records longest losing streak in 5 months on hawkish US Fed policy, demand worries; Brent down 2% at $82/bbl“Oil prices have started the session slightly higher, but moves are expected to be in range as the U.S. and U.K.

Oil prices perked up in muted trade owing to public holidays in Britain and United States after a downbeat week characterised by the outlook for U.S. interest rates in the face of sticky inflation. The Brent crude July contract was up 76 cents at $82.88 a barrel by 1411 GMT. The more active August contract rose 80 cents to $82.64. U.S. West Texas Intermediate (WTI) crude futures were up 78 cents at $78.50.

London: Akshata Murty, Britain's Indian First Lady, has begun getting proactive as her husband hit the campaign trail in a tough race ahead for the governing Conservatives, starting with a supportive message to say she's with him «every step of the way» hours after a rain-soaked Rishi Sunak announced July 4 as the general election date on the steps of 10 Downing Street. The 44-year-old businesswoman has used her Instagram handle to post campaign messages in favour of Prime Minister Rishi Sunak, who is hoping to prove all the pre-election surveys forecasting a drubbing for the Tories wrong. The couple, who met while studying at Stanford University in the US and are among the richest incumbents of Downing Street in history in large part down to Murty's Infosys shares worth millions of pounds, are expected to work as a team through the course of the just over five-week-long campaign.

dollar held steady on Monday, but was set for its first monthly loss this year, as investors were focused on U.S., European and Japanese inflation data to guide the global interest rate outlook. Foreign exchange trade has been dominated by the hunt for «carry» in recent months, punishing low-yield currencies and supporting the dollar, while U.S. data has blown hot and cold and dented policymakers' confidence on the rates outlook.

Cinepolis has partnered with Star Sports to screen all Team India matches during the ICC T20 Men's World Cup, which will be held in the US and West Indies from June 1–29. The company has secured cinema screening rights for the T20 World Cup, allowing Indian cricket fans to watch matches on the big screen at 40 Cinepolis locations nationwide. It will broadcast all India games, including semi-finals and finals, live from June 5 to June 29, starting at 8 pm IST.

North Korean ballistic missile, reported Reuters.'Stay indoors or find shelter', the Japanese government said over its J-Alert broadcasting system, the report said.Meanwhile, North Korea has said that its attempt to put another spy satellite into orbit has failed, adding that a rocket carrying the spy satellite exploded in mid-air on Monday.Earlier, the South Korean Joint Chiefs of Staff said that the launch vehicle may have failed in flight, adding it had detected "many fragments" in the ocean from the rocket in the sea. The report further said South Korean and US intelligence agencies are investigating whether the launch had failed.“Around two minutes after it detected "what's suspected to be the North's military reconnaissance satellite...

A presale for Solana’s all-American hillbilly Sealana ($SEAL) token has attracted over $3 million in a month as it leads a new wave of Solana meme coins that has caught the attention of investors worldwide.

Popular ERC-20 meme coin Shiba Inu ($SHIB) is outperforming Bitcoin, Ethereum and top meme coin Dogecoin to become one of the top digital asset investments of 2024.

With each passing week, the bear case for Wall Street proves too tempting to pass up for a handful of gutsy traders.