Usa Financial News

Tata Motors tumbled more than 5% on Thursday after US President Donald Trump declared a 25% tariff on imports of cars and components effective April 2. The parent of British luxury carmaker Jaguar Land Rover slumped as much as 6.7% during the day, closing 5.5% lower at ₹669.5 apiece.

rupee marginally weakened to 85.78 per dollar on Thursday, from its previous close of 85.71/$1 due to month end dollar demand from oil companies, traders said. The currency traded in a range of 85.73/$1 and 85.91/$1 during the day, LSEG data showed.

Donald Trump has yet again reignited his contentious push to annex Greenland, citing national security reasons. His administration has not ruled out economic or military action, prompting strong criticism from Greenlanders and Danish leaders. As Vice President JD Vance prepares to visit, tensions over America's ambitions escalate. Greenland and Denmark have sharply criticized Vice President JD Vance's planned visit to the Arctic island. Despite opposition, Donald Trump insists that «the world needs us to have Greenland,» raising concerns about future US policy.

Gymshark has reportedly settled a lawsuit with a US influencer who had alleged that the company terminated a sponsorship deal with her after her pro-Israel views attracted a backlash on social media. The lawsuit was filed in the British High Court by Alix Earle, who has 7 million followers on TikTok. She also has more than 4 million Instagram followers.

humanitarian parole program for Cuban, Haitian, Nicaraguan, and Venezuelan migrants has placed Cuban American Republicans in a political dilemma. Many now face pressure to either support ending the Biden-era program—popular among their communities—or break ranks with former President Trump, whom they overwhelmingly back. The program, which allowed over 500,000 migrants to live and work in the U.S. for up to two years with sponsors, disproportionately benefited Cubans, the largest group of beneficiaries.

Trump administration, the DC Circuit Court of Appeals on Wednesday temporarily halted the deportation of suspected Venezuelan gang members under the infrequently used Alien Enemies Act (AEA), reported Wusa9. The 18th-century law had been invoked by US president Donald Trump earlier this month to immediately deport a group of Venezuelan men suspected of being affiliated with the Tren de Aragua gang, according to the report.

ultra-high-speed rail (UHSR), or hyperloop. The concept was first published by Elon Musk in a 2013 white paper, 'Hyperloop Alpha'. Hyperloop envisions pods carrying passengers or cargo in near-vacuum tubes at speeds approaching that of aircraft. Reduced friction and magnetic levitation enable significantly abbreviated travel times, reducing energy consumption and emissions compared to traditional modes. India commissioned a 422-m hyperloop test track — the world's longest — in December 2024, developed by Avishkar Hyperloop at IIT Madras, in collaboration with the Indian Railways and L&T Construction. Last month, TuTr Hyperloop, another IIT Madras-incubated deep-tech startup, working with Swisspod Technologies, conducted India's first commercial hyperloop pod test run.

bilateral trade agreements. Accompanying political energy and encouraging words reflect a dramatic departure from sobering scepticism of the recent past. The big change is, of course, Donald Trump's unsheathing of tariffs. Inevitably, trade negotiations with the US are the principal driver. Not every trade agreement will be uniform. Concessions will likely vary, depending on strategic vulnerability. As India's most consequential business, technology and foreign policy relationship, the US will get priority in timing and substance. This is rooted in realism. It's the same approach every other major trade partner of Washington will take. In a volatile world, marked by American recalibration and retrenchment, there are significant gains to becoming among the earliest countries to find accord with the Trump administration. Gains will be both tangible and intangible.

CoreWeave plans to reduce the size of its U.S. initial public offering and price the shares below range, a person familiar with the matter told Reuters on Thursday, as per a report. The Nvidia-backed cloud services provider is now looking to sell 37.5 million shares and price them below the range at $40 apiece, the source added, requesting anonymity discussing confidential information. The sale would fetch up to $1.5 billion, Reuters reported. The listing is being closely watched as a test for the fragile U.S. IPO market and a gauge of whether investor enthusiasm for AI newcomers remains strong or is waning. CoreWeave and some existing investors had initially aimed to sell 49 million shares in the offering priced between $47 and $55 each to raise as much as $2.7 billion. The company did not immediately respond to Reuters' request for comment.

US auto tariffs, the luxury carmaker said. Ferrari said it would stick largely to its financial targets for this year, according to a report in news agency Reuters. The new levies on cars and light trucks will take effect on April 3. Ferrari announced that pricing for models imported before April 2 will remain unchanged. However, starting from that date, “new import conditions will be partially reflected in pricing,” with increases of up to 10%. This means the Maranello, Italy-based automaker will absorb part of the 25% tariff hike introduced by Trump on Wednesday. «The commercial terms will remain unchanged for orders of all models imported before April 2, 2025, and for orders of the following three families — Ferrari 296, SF90 and Roma — regardless the import date. For the current remaining models, the new import conditions will be partially reflected on pricing, up to a maximum 10 per cent increase,» the company said in a statement. ALSO READ: 'Elon, I want to thank you': Trump makes it official, makes big statement amid Tesla Takedown protests

Jenna Bush Hager, daughter of former US President George Bush and his partner Laura Bush, is garnering praise for her Today show where she has remained pretty vocal about her upcoming career projects and her personal life, especially with her husband, Henry Chase Hager. Although the couple got married at a private ceremony in 2008, the two of them have remained together for over two decades now and are co-parenting their three children.

Several analysts on Wall Street see a clear winner emerging from President Donald Trump's new auto tariff policy: Tesla.

Shares of highly shorted Hertz and Avis Budget Group surged on Thursday as U.S. President Donald Trump's plan to slap a 25% tariff on imported vehicles raised prospects of consumers opting for car rentals instead of buying expensive new cars. The new levies could add thousands of dollars to the cost of an average vehicle in the United States. The American Automotive Policy Council said it is «critical» that the tariffs are implemented in a way that avoids price hikes for consumers.

Trump is doing all he can to save TikTok, the hugely popular video-sharing app owned by Chinese Internet company ByteDance. It's unusual because not long ago Trump had wanted to ban it. In a desperate bid to make TikTok American, he said on Wednesday he would be willing to reduce tariffs on China if it allows ByteDance to sell the app to an American buyer. However, AFP has reported that China has rebuffed Trump's offer, with its foreign ministry saying that it has «repeatedly stated our position» on TikTok. «The Chinese side's stance against imposing additional tariffs is also consistent and clear,» foreign ministry spokesman Guo Jiakun said. A US law during the Biden administration ordered TikTok to divest from its Chinese owner ByteDance or be banned in the US, enacted over concerns that Beijing could exploit the video-sharing platform to spy on Americans or covertly influence US public opinion. The law took effect on January 19, a day before Trump's inauguration. TikTok temporarily shut down in the US and disappeared from app stores as the deadline for the law approached, to the dismay of millions of users. Trump suspended its implementation for two-and-a-half months after beginning his second term on January 20, seeking a solution with Beijing. TikTok subsequently restored service in the US and returned to the Apple and Google app stores in February. Trump's reprieve to TikTok is set to expire on April 5. Why did Trump change his stance on TikTok from wanting to ban it to going all-out to save it? Why Trump wants to save TikTok

Donald Trump's steep tariffs on imported vehicles and parts, vowing retaliation as a widening trade war intensifies, as per a report. Major car exporter Germany urged a firm response from the European Union, while Japan said it «will consider all options», AFP reported. The US duties take effect starting April 3 and impact foreign-made cars and light trucks. Key automobile parts will also be hit within the month. Global stock markets plummeted with automakers like Toyota, Hyundai and Mercedes leading the plunge. In New York, shares in General Motors tumbled with Ford and Stellantis also declining. France Finance Minister Eric Lombard condemned the «hostility,» saying the only solution for the European Union is to «raise tariffs on American products in response.»

Canadian tourists contributed over a third of the tourism economy in Old Orchard Beach, a resort town in Maine, reported Global News. However, things are now starting to change.

Chris Brown has announced his latest Breezy Bowl XX Stadium World Tour to celebrate 20 years in music. Brown’s Breezy Bowl XX Stadium World Tour is expected to have him performing alongside Summer Walker and Bryson Tiller for an incredible concert experience.

Cristiano Ronaldo has been announced as a playable character in Fatal Fury: City of the Wolves, an upcoming and much-awaited fighting game set to be released next month. The Portuguese player announced the major surprise for his fans on X, formerly known as Twitter. In his social media post, Ronaldo revealed he will be entering as a playable character in the upcoming fighting game Fatal Fury: City of the Wolves. «Big news to share with everyone today! I'm going to be a character in the new fighting game FATAL FURY: City of the Wolves! @FATALFURY_PR Let's have some fun on April 24th!,» his post read. This announcement sent shockwaves through both the gaming and football communities, as the 40-year-old legend is renowned for his athletic achievements rather than any connection to gaming. ALSO READ: US health department to cut 10,000 jobs as Robert F. Kennedy Jr announces overhaul in latest DOGE push

“I am concerned that pure politics could damage our prospects in future competitions,” admitted an executive at a leading US contractor. The fear? That Trump’s erratic foreign policy could leave allies exposed—or worse, that the US could remotely disable their aircraft if political relations soured.

Ontario Premier Doug Ford is urging a collective “team Canada approach” from Canada's provinces following US President Donald Trump's announcement to introduce a 25% tariff on car imports, as per CTV News.