Usa Financial News

Living at home as long as possible is preferred by a vast majority of adults over 50

Modi 3.0 government, said eminent experts and diplomats at a conference here. “Russia will continue to be an important partner for India. There will be a summit meeting between Prime Minister Modi and President Putin in 2024,” Kanwal Sibal, India’s former ambassador to Russia and Chancellor, Jawaharlal Nehru University (JNU), said at a conference held at JNU. The last annual summit between the leaders of India and Russia was held in New Delhi in December 2021.

Elon Musk has a way with viral slogans. At a New York Times event on November 29th the world’s richest man was asked how he felt about firms pulling ads from X, the social network he bought last year when it was known as Twitter. “If somebody’s going to try to blackmail me," he replied, “go fuck yourself." The “GFY" approach, as he dubbed it, may come naturally to billionaires.

equity market has been underperforming its major global peers amid sharp selling by foreign portfolio investors (FPIs), the delay in a US interest rate cut, cautiousness ahead of the Lok Sabha election outcome, muted Q4 results and a substantial increase in the India VIX. Over the past few months, the benchmark Nifty 50 index has been trading within a broad range of 21,750 to 22,800, and is currently approaching the lower end of this range. The Bank Nifty index is nearing its next immediate support level at 47,200, analysts said.

Bitcoin started this week with trading at $64,000 level, following a cooler-than-expected US April jobs report after rebounding from the $56,000 level the previous week. However, Bitcoin could not hold there for long and swiftly retreated to $62,000, influenced by regulatory concerns surrounding Robinhood in the US. Furthermore, remarks from Federal Reserve Chair Jerome Powell indicating a prolonged timeline for policy adjustments added to the pressure on both crypto and traditional markets. Despite facing these hurdles, Bitcoin has shown remarkable resilience, boasting a staggering 127% increase in value over the past year. It has firmly held above the $60,000 threshold, with immediate support pegged at $61,300 and resistance at $64,500, currently trading at $63,000.

US labor market fueled optimism about potential interest rate cuts this year, ahead of next week's crucial inflation data. Meanwhile, the global cryptocurrency market cap surged by 1.7% to around $2.33 trillion in the last 24 hours.

3P Land Holdings, Advanced Enzyme Technologies, APL Apollo Tubes, ATV Projects India, Banswara Syntex, Bridge Securities, CCL Products (India), Control Print, Dharani Finance, DJ Mediaprint & Logistics, D-Link (India), Dolphin Offshore Enterprises (India), Gayatri Bioorganics, Gold Coin Health Foods, Gujarat Containers, Hi-Tech Pipes and India Tourism Development Corporation will release their Q4 results today. Jaiprakash Associates, Meghmani Organics, Panchmahal Steel, Progrex Ventures, RAS Resorts & Apart Hotels, Shalimar Agencies, Scan Steels, Sheetal Cool Products, Siyaram Silk Mills, Savita Oil Technologies, TVS Srichakra and Vishwaraj Sugar Industries are also among 29 companies scheduled to post their Q4FY24 earnings on May 11.

Microsoft must pay patent owner IPA Technologies $242 million, a federal jury in Delaware said on Friday after determining that Microsoft's Cortana virtual-assistant software infringed an IPA patent. The jury agreed with IPA after a week-long trial that Microsoft's voice-recognition technology violates IPA's patent rights in computer-communications software.

earnings season and blockbuster reports from tech industry titans fueled a U.S. stock market rebound from the first real swoon of 2024. Next week's inflation data could determine whether the good vibes continue. The benchmark S&P 500 index is up over 9% for the year, up near its late-March record high, following a 5% pullback that occurred last month.

Smarter vehicles could mean some of the most dramatic changes for the traditional traffic signal since the yellow light was added more than a century ago

A promising start has given way to challenging political realities for supporters of a bipartisan commission to tackle the federal government’s growing debt challenges

University of Texas at Austin (UT Austin) and Rice University in Houston have been recognized by Forbes magazine as being among the top universities in the United States, similar to the prestigious Ivy League institutions. Forbes developed their own criteria for this ranking, excluding the traditional Ivy League schools and other well-known universities. Schools were evaluated based on factors like attracting high-achieving students, employer satisfaction, and admissions selectivity. UT Austin and Rice University are joined on the Forbes' list by other well-respected public universities like the University of Michigan and University of Virginia, along with private institutions like Johns Hopkins University and Carnegie Mellon University.

Ivy League university was a guaranteed ticket to success. However, a recent Forbes survey suggests this trend is fading. Employers are increasingly looking beyond the Ivy League for talented graduates. The survey revealed a growing dissatisfaction with Ivy League graduates, with 33% of hiring managers indicating a decreased preference for them compared to five years ago. This shift coincides with concerns about recent campus controversies and the perceived value of an Ivy League education. In contrast, public universities and select private schools are gaining favor. The survey found that 42% of employers are more likely to hire graduates from public universities, and 37% expressed a preference for graduates from top private non-Ivy League colleges.

Pakistan 1-0 down in the three-match T20 series, which comes just ahead of the upcoming T20 World Cup which will be played in the United States and the West Indies from June 2. Notably, the two teams will also face each other in the group stages of the T20 World Cup next month.

Barron Trump, the youngest son of former US President Donald Trump, has declined to serve as a delegate at this summer's Republican National Convention, CNN reported, citing a senior Trump campaign adviser and a statement from Melania Trump's office. «While Barron is honoured to have been chosen as a delegate by the Florida Republican Party, he regretfully declines due to prior commitments,» the statement from the former first lady's office said.

University of Pennsylvania and the Massachusetts Institute of Technology, hours after police tear-gassed demonstrators and took down a similar camp at the University of Arizona. Philadelphia and campus police at Penn took action around daybreak to remove protesters from an encampment in place for more than two weeks. School officials said protesters were given warnings and the chance to leave without being detained.

US IPO activity. Since then, listings on New York exchanges by China-based companies have been small and rare. Zeekr’s valuation suffered in the aftermath, too.

₹72,722 per 10 grams. The yellow metal opened at ₹71,730 level and gained over ₹1,000 during the day to hit a high of ₹72,888 led by strong demand on account of Akshaya Tritiya. MCX silver price closed 0.09% higher at ₹84,984 per kg after opening at ₹84,761 and hitting a high of ₹85,812 during the day.

Biden administration on Friday said Israel's use of U.S.-supplied weapons may have violated international humanitarian law during its military operation in Gaza, in its strongest criticism to date of Israel. But the administration stopped short of a definitive assessment, saying that due to the chaos of the war in Gaza it could not verify specific instances where use of those weapons might have been involved in alleged breaches. The assessment came in a 46-page unclassified State Department report to Congress required under a new National Security Memorandum (NSM) that President Joe Biden issued in early February.

United Nations General Assembly just before it passed a resolution for supporting full membership of Palestine. The UNGA on Friday voted overwhelmingly for a resolution asking the Security Council to make Palestine, which has UN observer status, a full member. The resolution was passed by a resounding majority of 143 votes in favour including by India while 25 countries abstained, and nine nations, including the United States and Israel, voted against it.

Ecommerce firm Meesho has closed a $275 million funding round through a mix of primary and secondary share sales, two people aware of the matter said. A regulatory filing with the US Securities and Exchange Commission (SEC) also indicated share transfer at Meesho’s US parent firm without offering further details.