Usa Financial News
14.05 / 13:33
Target
Action
Election
Trade
President
reports
Investigations
US tariffs
China warns new US tariffs to ‘severely’ impact relations: Report
Top China, South Korea Diplomats Hold Rare Talks in Beijing On Tuesday, the White House announced a tariff hike on $18 billion worth of imports from China, targeting key sectors such as electric vehicles, batteries, steel, and vital minerals. This decision coincides with President Joe Biden's preparation for the upcoming November election, where he is expected to face Republican rival Donald Trump again. Administration officials criticized Trump's trade policies as they unveiled the tariff increase.
14.05 / 12:59
14.05 / 11:35
markets
IPO
Software
trends
show
Schools
Destinations
India Ahoy! India as a software IPO destination
Last week, as I chatted with the founder of a fast-growing software startup, he dropped a bombshell. “I want to move our parent domicile from the US to India.” “Why?” I asked. “Your primary customers are in the US. You’re growing fast, with a clear line of sight to $100 million annualized revenue in three years or so. Why would you consider this?” Elevate Your Tech
14.05 / 11:17
COST
security
Parke
Death
hospital
Department
Five-month-old baby mauled to death by dog in Telangana
Telangana. According to the police, the infant's mother had stepped out of their one-room house to attend to household chores when the dog entered and attacked the sleeping baby, resulting in the child's immediate death. The child's parents work at a stone polishing unit. The dog is often fed by the residents of the locality. Angry over the incident, they killed the dog, police said.
14.05 / 10:27
COST
UPS
Progressive
Fox
students
reports
strain
Nearly half of Americans say finances are taking toll on their mental health
Jason Furman, former National Economic Council chair under Obama, says there is nothing structural about inflation on 'Barron's Roundtable.'
14.05 / 10:27
14.05 / 09:51
security
Matthews
Parke
Election
Food
Courts
International
Sai Varshith Kandula, Indian-origin Nazi sympathiser who crashed rented truck into White House perimeter, pleads guilty
US government and establishing a dictatorship inspired by Nazi Germany. The announcement was made by a US attorney following Kandula’s admission in a US court. Also Read | From talking to AI to helping people with disabilities: Top 5 use cases of OpenAI's new GPT-4o language model Residing in St.
14.05 / 09:51
markets
UPS
Citi
Food
audience
reports
International
PVR Inox Q4 results: Net loss narrows to ₹130 crore, revenue rises 10% YoY
₹130 crore in the fourth quarter of FY24, down from ₹333 crore reported in the year-ago period. The company has posted a net profit of ₹13 crore in Q3FY24. PVR Inox’s revenue from operations in Q4FY24 rose 10% to ₹1,256 crore from ₹1,143 crore, YoY.
14.05 / 08:29
Platform
Action
security
Pinnacle
Golf
exclusive
rights
FanCode gets exclusive rights to broadcast PGA Championships
FanCode has secured exclusive broadcast rights for the upcoming PGA Championships. Indian Golf fans can exclusively watch the tournament on FanCode, the sports-focused streaming platform said on Tuesday. The tournament will take place from 16th May — 19th May 2024, at the Valhalla Golf Course in Louisville, USA. The match play will begin at 11.30 pm IST on Thursday and Friday and 10.30 pm IST on Saturday and Sunday. The PGA Championship is the only one of the four major men’s golf championships in the calendar year that is exclusively for professional players. It is considered as the pinnacle of golf.
14.05 / 08:19
markets
UPS
SUN
security
wellness
Pharmaceuticals
Torrent, Glenmark lead Indian pharma market growth. Sun, Cipla, Lupin are among other notable gainers
Torrent Pharmaceuticals and Glenmark Pharmaceuticals were key leaders amongst listed companies, that saw their domestic sales grow 16.7-17.7% during the month of April' 2024 . The two were closely followed by Alkem Laboratories whose sales in value terms also grew 14.8% y-o-y.
14.05 / 08:09
UPS
Anglo American plans breakup following rejection of £34bn BHP bid
As part of the split, diamond company De Beers is set to be divested or demerged, while the group also plans to split off its platinum and steelmaking coal business as it explores options for its nickel arm. Investment Association urges FCA to retain shareholder protections in revamped listings regime The move will result in Anglo American focusing its efforts on copper, premium iron ore and crop nutrients, with proceeds from the split used to shore up its balance sheet. The group has highlighted three key benefits resulting from the split: undiluted shareholder participation in a ...
14.05 / 06:53
Target
Fighting
Food
Experts
Fishing
Cycling
rights
April CPI inflation hits an 11-month low; can RBI cut rates in the near future? Experts weigh in
Retail inflation eases slightly in April, food inflation rises While the CPI inflation remains above the Reserve Bank of India’s target of 4 per cent, it has been within the central bank's tolerance range of 2-6 per cent for the eighth consecutive month. In July and August last year, retail inflation prints had come to 7.44 per cent and 6.83 per cent, respectively. India's retail inflation has been easing since December 2023, when it rose 5.69 per cent.
14.05 / 06:35
DISH
President
Celebrity
band
performer
song
Relationships
White House plays ‘Sare Jahan Se Achha’, serves pani puri, Khoya dish during ‘amazing celebration’ | Watch
Joe Biden and Vice President Kamala Harris, the White House's Marine Band on Monday performed “Sare Jahan Se Achha Hindustan Hamara" for an audience of Asian Americans. The patriotic song, written by Mohammad Iqbal during India’s Independence struggle, was played twice by the White House Marine Band at the request of Indian Americans whom the president invited for the annual event. Also Read: Indians better than Americans in many ways, says US Ambassador Eric Garcetti, dismisses concerns about democracy “This was an amazing celebration of the White House’s AANHPI Heritage Month at the Rose Garden.
14.05 / 06:35
markets
Manufacturing
Strategy
Tesla
Features
Courts
rights
Mint Explainer: How Tesla’s first India lawsuit will affect EV trademark battles
Mint examines Tesla's aggressive trademark-protection strategy and how India's trademark regime shields foreign companies operating in India from infringement by domestic entities. We also explain how this case could set a precedent for future trademark-infringement cases in India’s growing EV market. On 4 May, Tesla Inc sued Tesla Power India Pvt Ltd, accusing the Gurugram firm of infringing on its trademark and misleading consumers by implying association with Tesla Inc's electric vehicle (EV) batteries.
14.05 / 06:31
markets
coinbase
Crypto Exchange
Courts
Updates
Investigations
Coinbase Faces Widespread Outage, Leaving Users Unable to Access Crypto Exchange
Coinbase, one of the leading cryptocurrency exchanges in the United States, is grappling with a “system-wide outage” that has rendered its services inaccessible to users on both desktop and mobile platforms.
14.05 / 06:05
VanEck
Bitcoin
Bitcoin Etf
VanEck’s Bitcoin ETF Gains $109 Million Net Asset, Holds $619 Million Bitcoin in Q1
VanEck’s spot Bitcoin exchange-traded fund (ETF) experienced significant growth in the first quarter of 2024.
14.05 / 05:23
markets
IPO
Digital
security
Software
show
rights
Finelistings Tech Listing: Stock makes muted market debut, lists with a mere 3.25% premium at ₹127
₹127 each on BSE SME, indicating a premium of 3.25% over the issue price of ₹123. However, the stock jumped to Rs. 137 right after the listing, indicating a 11.38% jump over the issue price.
14.05 / 05:13
markets
Provident
Analysis
Election
Research
Experts
Cycling
Does rising India VIX mean a rising tide against BJP's win in Lok Sabha Election 2024?
Lok Sabha election 2024: India VIX, also known as the Indian Volatility Index, is a measure of the market's expectation of volatility over the near term. Today, it continued its uptrend and touched a new 52-week high of 21.88.
14.05 / 04:57
Provident
Digital
CFTC
Landmark
Platform
Trade
Falcon Labs Settles with CFTC in Landmark Case Over Unregistered Status
The Commodity Futures Trading Commission (CFTC) has reached a settlement with Falcon Labs, Ltd., a Seychelles-based entity, for operating as an unregistered futures commission merchant (FCM) and facilitating access to digital asset exchanges without proper registration.
14.05 / 04:55
markets
UPS
Provident
2020
travelers
International
Nevermind those EVs — oil demand keeps growing
oil demand heading into the northern hemisphere summer holiday. Nervousness about the seasonal pickup in oil consumption abounds. It happened in 2023, and it’s happening again this year. But as before, traders’ concerns are misplaced: Oil demand growth is doing just fine. The anxiety is reflected in the price of Brent crude, the global oil benchmark, which has dropped to less than $85 a barrel in recent days, down from about $90 a barrel in April. With the OPEC+ oil cartel meeting on June 1 to decide whether to prolong production cuts, the status of global demand matters. The group should look beyond the current noise and see that consumption remains firm. Admittedly, there are pockets of demand weakness. The middle distillates fuel segment, which includes diesel and heating oil, have seen soft consumption so far this year. But that’s largely due to a warm winter in the northern hemisphere, which reduced heating needs, rather than underlying economic malaise.In the diesel market, the biggest problem isn’t demand, but supply: Renewable diesel and bio-diesel are taking market share more rapidly than expected, in the process magnifying the diesel glut. In February, the last month with monthly data available, biodiesel and renewable diesel accounted for about 8.5% of total US diesel consumption. In 2020, the market share of both was under 1%.
14.05 / 04:55
markets
Provident
Target
Citigroup
Election
Food
wellness
RBI Monetary Policy: India’s sticky inflation gives RBI reason to stay on hold
inflation and the threat of rising food prices will probably keep the central bank on hold for longer, with economists pushing out their expectations for interest rate cuts to later in the year. Consumer prices rose 4.83% in April from a year earlier, the Statistics Ministry said Monday, largely in line with the previous month’s figures and economists’ forecasts.
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