Usa Financial News
23.05 / 02:43
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Indian stock market: 5 key things that changed for market overnight - Gift Nifty to Nvidia results, US Fed meet minutes
Sensex gained 267.75 points, or 0.36%, to close at 74,221.06, while the Nifty 50 ended 68.75 points, or 0.31%, higher at 22,597.80.“Despite weak global cues, markets moved in a range and were positive for most part of the trading session aided by selective buying in IT, FMCG and realty stocks. The mood is currently of utmost caution, as investors don’t want to risk taking major exposure to equity assets with a couple of weeks left for the poll outcome," said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.Here are key global market cues for Sensex today:The Gift Nifty today morning is trading lower by more than 10 points from Wednesday close.
23.05 / 02:15
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Oil prices fall on worries of higher US interest rates
Oil prices eased for a fourth straight day on Thursday on worries that U.S. borrowing costs could be hiked again if inflation surged, a move that could hurt oil demand. Brent crude futures fell 27 cents, or 0.3%, to $81.63 a barrel at 0004 GMT. U.S. West Texas Intermediate crude (WTI) futures were down 35 cents, or 0.5%, at $77.14.
23.05 / 02:15
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Gold retreats from near record-high levels as rate-cut bets ease
Gold prices were listless on Thursday after a recent rally lost steam to dip more than 1% in the previous session, as traders started pulling back their expectations of rate cuts by the U.S. Federal Reserve this year. FUNDAMENTALS
23.05 / 01:51
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UK defence minister says China sending 'lethal aid' to Russia for Ukraine war
China is sending «lethal aid» to Russia for use in its war against Ukraine, Britain's defence minister Grant Shapps said on Wednesday. «Today I can reveal that we have evidence that Russia and China are collaborating on combat equipment for use in Ukraine,» he said in a speech at a London conference. Shapps warned that NATO needed to «wake up» and bolster defence spending across the alliance.
23.05 / 01:51
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Nikki Haley to vote for Donald Trump despite previously saying he's ‘not qualified’ to be president
US Elections 2024: Donald Trump pledges to roll back Joe Biden's gun regulations“Having said that, I stand by what I said in my suspension speech," Haley added. "Trump would be smart to reach out to the millions of people who voted for me and continue to support me and not assume that they're just going to be with him.
23.05 / 01:51
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Buy or sell: Vaishali Parekh recommends three stocks to buy today - May 23
Also Read: Wall Street today: US stocks drift ahead of Fed minutes, Nvidia drops as investors await earningsOn Wednesday, the fear gauge India VIX fell 1.6% to 21.5, indicating minimal volatility in the Indian stock market. With the domestic market's medium-to-long-term outlook remaining solid, investors' attention has shifted from election-related concern to stock fundamentals.According to a CNBC news report, members of the Federal Reserve expressed a lack of confidence in their ability to proceed with interest rate cuts down as they were increasingly concerned about inflation during their most recent meeting.The Federal Open Market Committee's April 30-May 1 policy meeting minutes, which were made public on Wednesday, revealed that policymakers were unsure of when it would be appropriate to ease.Also Read: Top Events on May 23: PM Modi in Punjab, Odisha on cyclone alert, heatwave in Delhi, and moreAccording to Parekh, the Nifty 50 has witnessed a steady rise in the last 3–4 sessions, reaching the 22,600 zone with bias maintained positive and with active participation witnessed from the broader markets as well in recent times.
23.05 / 01:51
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Concerned about China providing inputs to Russia's defence industrial base: US
US National Security Advisor Jake Sullivan said Washinton was concerned about China providing inputs to Russia's defence industrial base, adding that the Biden administration has taken action to deal with that in a «concerted way» with its allies and partners. He made the remarks while responding to a query about the UK Defence Minister's statement that the US and the UK have evidence that China could be providing lethal aid to Russia. In response to the question at the press briefing, Sullivan said, «Well, going back to 2022, I've actually stood at this podium and warned about my concern that China might provide weapons — direct lethal assistance to Russia. We didn't see that in 2022. We didn't see that in 2023. We have not seen that to date. I look forward to speaking with the UK to make sure that we have a common operating picture. We have had one; we've been on the same page.
23.05 / 01:51
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On this day: Key events in history on May 23, India's first woman to scale Mount Everest to China's Tibet invasion
Also Read: Viral video: BSF Jawan roasts papad in sand amid severe heatwave; netizens reactBachendri Pal became the first female Indian mountaineer to climb Mount Everest successfully on May 23, 1984. She was born on 24 May 1954.
23.05 / 01:51
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Nvidia profits soar over 600%, revenues above 200% as shares top $1,000 after 10-for-1 split announcement. Key highlight
Also Read | Wall Street today: US stocks drift ahead of Fed minutes, Nvidia drops as investors await earningsHere are the top 10 highlights from Nvidia's resultsNet income surged to $14.88 billion in the first quarter ended April 28, up more than sevenfold from $2.04 billion a year earlier.Revenue tripled to $26.04 billion from $7.19 billion in the previous year's quarter.Also Read | Nvidia earnings could spark $200 billion swing in shares, options showAdjusted earnings per share of $6.12 exceeded Wall Street's expectations of $5.60.Nvidia announced a 10-for-1 stock split.Also Read | An Nvidia co-founder’s latest bet: Making ‘Quantum Valley’ in New YorkThe company increased its dividend to 10 cents per share from 4 cents.Shares rose over 7% in after-hours trading to $1006.89.Also Read | Data Patterns India Q4 Results Live : profit falls by 7.97% YOYNvidia now boasts the third-highest market value on Wall Street, behind only Microsoft and Apple."The next industrial revolution has begun," CEO Jensen Huang declared.Huang predicted companies will use Nvidia chips to build "AI factories" producing "artificial intelligence."He said AI models are becoming "multimodal" and able to "reason and plan.""Training AI models is becoming a faster process as they learn to become 'multimodal' — that is, capable of understanding text, speech, images, video and 3-D data — and also 'learn to reason and plan,'" Huang added, as quoted by AP.Analysts praised Nvidia's performance, with Jacob Bourne of Emarketer remarking, "Nvidia defies gravity again." While tech giants aim to reduce dependence on Nvidia's AI hardware, "they're not quite there yet," Bourne said, as quoted by AP.(With Inputs from AP)Milestone Alert! Livemint tops charts as the
23.05 / 01:51
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Pannun case: Prague can extradite murder plot suspect Nikhil Gupta to US
Czech constitutional court on Wednesday said it had allowed the extradition of an Indian citizen suspected of involvement in an alleged plot to kill a Sikh separatist in the United States. The US Justice Department last November charged Indian citizen Nikhil Gupta with plotting to assassinate a Sikh separatist leader Gurpatwant Singh Pannun on US soil.
23.05 / 01:37
markets
UPS
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Opinion
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GenAI may help Indian workers save 51 million hours a week by 2026: Pearson study
Generative artificial intelligence (GenAI) has the potential to help Indian workers save 51 million hours a week by 2026, a study by learning company Pearson has said. Generative AI can boost workplace productivity by helping workers deal with their routine and repetitive tasks that often take up their day and lead to burnout, according to the latest instalment of Pearson’s Skills Outlook series, ‘Reclaim the Clock: How Generative AI Can Power People at Work’.
23.05 / 01:37
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Pre-market action: Here's the trade setup for today's session
«Investors would now focus on Nivida earnings, US Fed meeting minutes, and UK inflation which will be released late today. Overall, we expect positive sentiments to continue in the market,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.
22.05 / 22:09
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Wind towers crumpled after Iowa wind farm suffers rare direct hit from powerful twister
A wind farm in southwest Iowa suffered a direct hit from a powerful tornado that crumpled five of the massive power-producing towers, including one that burst into flames
22.05 / 22:09
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Reddit
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Financial
Abrupt shutdown of financial middleman Synapse has frozen thousands of Americans' deposits
The bank accounts of tens of thousands of U.S. businesses and consumers have been frozen in the aftermath of the abrupt shutdown and bankruptcy of financial technology company Synapse, which acts as a middleman between financial technology companies an...
22.05 / 22:09
22.05 / 22:09
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How major US stock indexes fared Wednesday, 5/22/2024
U.S. stock indexes pulled back from their records as concerns about high interest rates weighed on the market
22.05 / 21:49
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Williams
Career
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'Star Trek 3: The Search for Spock': Where can you watch it on its 40th anniversary?
Star Trek 3: The Search for Spock' which is a 1984 thriller will be re-released on its 40th anniversary in the UK. However, it is unclear as of now regarding its US theatrical release. In June, the movie will hit the theatres in the UK. The movie earned $76 million at the box office and this included an earning of $16 million in the opening weekend. This number when adjusted for inflation in 2024 works out to a total earning of $216 million and this includes a weekend opening of $45 million. Star Trek fans across the world from different generations will get a chance to relive their younger days and enjoy the storyline, direction, and more. Cast:
22.05 / 21:49
Man
Duke
film
Bill
Diversity
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classical
Car Wash: All you need to know about comedy show’s plot and creators
NBC is working on a new comedy series based on the cult classic film «Car Wash» from 1976. The series, produced by Malcolm D. Lee of «The Best Man» franchise, and written by Opey Olagbaju, known for work on «Bob Hearts Abishola» and «Close Enough,» will explore the lives of an immigrant family and their diverse group of employees at a modern-day DC car wash. Plot
22.05 / 20:17
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'The Munsters' getting a reboot? Here's what we know
sitcom satire around misfit monsters. According to a 'Collider' report, The Munsters family is finally returning for a new reboot series to be produced by horror maestro James Wan. This new series, named '1313', inspired by the Munsters family's residential address, will be much darker than the previous versions of the show that ran for two seasons between the years 1964 to 1966 and was critically acclaimed by viewers. 'The Munsters' back then was a classic satire of mid-century American suburban conformity that used a family of monsters, and misfits for the regular society to present their case.
22.05 / 20:17
Provident
MET
information
guidelines
International
PSBs ask US to route advisories via finance ministry
Indian banks have suggested to the US Treasury that its advisories to them should be routed via the finance ministry to ensure speedy implementation, people privy to the development said. Executives from some of the top lenders, including State Bank of India, Punjab National Bank and Canara Bank, met with a six-member US Treasury delegation last month. The discussions focused on Russian payments and a possible breach of the internationally imposed $60 a barrel purchase price on Russian crude.
22.05 / 20:17
markets
FIVE
Research
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country
reports
India only nation among top 5 to see growth in steel production
India is the only country, among the top five steel producing nations, to have seen a growth in production in April, with the others seeing production drop by as much as 7% during the month. China, which is the world's largest producer of steel, has seen its production in April fall more than 7% on year to 85.9 million tonne. Its production from January-April this year, at 343.7 million tonne, is 3% lower as compared to 2023, data from the World Steel Association showed. India, which is the world's second-largest producer of steel, saw production rise by 3.6% to 12.1 million tonne. The country has seen an 8.5% growth in production between Jan-Apr this year, having produced 49.5 million tonne of steel.
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