Usa Financial News

Elon Musk is investigating how The Atlantic’s editor-in-chief, Jeffrey Goldberg, was inadvertently added to a Signal group chat involving high-ranking U.S. national security officials. The chat reportedly contained discussions on upcoming military airstrikes against Houthi targets in Yemen. The breach, revealed in The Atlantic on Monday, has sparked outrage, with bipartisan calls for accountability. White House Press Secretary Karoline Leavitt confirmed Musk’s involvement, stating that he would «figure out how this number was inadvertently added» and help «ensure this can never happen again.»

According to reports, US President Donald Trump has said that automobile tariffs will be coming soon even as he indicated that some countries may get an exemption from reciprocal tariffs to be imposed on April 2. Federation of Indian Export Organisations (FIEO) said that India certainly deserves an exemption or waiver from reciprocal tariffs as it is constructively engaged with America at different levels and also for a Bilateral Trade Agreement. «The Mission 500 to take bilateral trade from the current level of about USD 200 billion to USD 500 billion requires a greater push for seamless trade, which the exemption will further facilitate,» FIEO Director General Ajay Sahai said. Another exporter said that the exemption to India would remove tariff uncertainties and will help further increase exports to the US.

BYD has led a brutal price war that has pushed it to become the largest seller in the world's biggest car market. This Monday, it reported $107 bn in revenue for 2024, crossing the $100 bn barrier for the first time. Displacing Volkswagen as China's top carmaker by sales, the company is aggressively expanding into overseas markets.

Trump administration, accusing them of violating federal record-keeping laws by discussing military operations on the encrypted messaging app Signal. The case, filed by American Oversight, names Defence Secretary Pete Hegseth, Director of National Intelligence Tulsi Gabbard, CIA Director John Ratcliffe, Secretary of State Marco Rubio, and Treasury Secretary Scott Bessent as defendants. “The Federal Records Act requires federal officials to preserve communications related to official government business,” American Oversight stated in its lawsuit, which seeks to prevent the destruction of federal records and compel compliance with the law. At the heart of the case is an extraordinary blunder: journalist Jeffrey Goldberg, editor-in-chief of The Atlantic, was mistakenly added to the group chat in which senior Trump officials were reportedly discussing a planned strike in Yemen. The lawsuit, however, does not focus on the security breach itself but rather on the officials’ alleged failure to preserve these critical communications.

Subscribe to enjoy similar stories. India-US trade discussions that kicked off on Wednesday focused on reducing India's tariff levels on goods imported from the US to the same levels as what US levies on such imports from India, two people aware of the talks said. The effort aims to avert US reciprocal tariffs that US president Donald Trump has promised to roll out on 2 April.

the Atlantic on Wednesday released the entire Signal chat among senior national security officials. The 'leaked' group chat shows Trump's Defense Secretary Pete Hegseth provided the exact timings of warplane launches and when bombs would drop against Yemen’s Houthis this month on behalf of the United States.

Supreme Court on Wednesday upheld a Biden administration regulation on the nearly impossible-to-trace weapons called ghost guns, clearing the way for serial numbers, background checks and age verification requirements to buy them in kits online. Ghost guns were found at crime scenes in soaring numbers across the US before the regulation went into place, rising from fewer than 1,700 recovered by law enforcement in 2017 to more than 27,000 in 2023, according to Justice Department data. Since the federal rule was finalised, ghost gun numbers have flattened out or declined in several major cities, including New York, Los Angeles, Philadelphia and Baltimore, according to court documents. Manufacturing of miscellaneous gun parts also dropped 36 per cent overall, the Justice Department has said. Ghost guns are any privately made firearms without the serial numbers that allow police to trace weapons used in crime. The 2022 regulation was focused on kits sold online with everything needed to build a functioning firearm — sometimes in less than 30 minutes, according to court documents. ALSO READ: 'Elon, I want to thank you': Trump makes it official, makes big statement amid Tesla Takedown protests Ghost guns have been used in high-profile crimes, including a mass shooting carried out with an AR-15-style ghost gun in Philadelphia that left five people dead. Police believe a ghost gun used in the slaying of UnitedHealthcare's CEO in Manhattan was made on a 3D printer rather than assembled from a kit.

FKA twigs has announced that her scheduled shows in Chicago, New York, and Toronto — planned as part of the Eusexua US tour — have now been postponed due to visa issues. Taking to social media, the artist, whose real name is Tahliah Barnett, revealed that an error caused the necessary paperwork not being submitted within the required timeframe. FKA twigs's shows were scheduled to take place in Chicago on March 26 and 27. The English singer was also supposed to perform in New York on May 3 and 4, and in Toronto on March 30 and 31.

The Atlantic magazine's Jeffrey Goldberg reported that he had been added to a Signal message group which apparently included Vice-President JD Vance and Defence Secretary Pete Hegseth. He said he had seen classified military plans for US strikes on Houthi rebels, including weapons packages, targets and timing, two hours before the bombs struck. The report sparked a firestorm of criticism from opposition Democrats and concerns among several Republicans. Several Democrats are calling for resignations of some Trump officials involved. Amid this, it has now emerged that Trump's national security adviser Mike Waltz and JD Vance celebrated the elimination of Houthi commander in the leaked group chat. ALSO READ: 'Elon, I want to thank you': Trump makes it official, makes big statement amid Tesla Takedown protests

IT services company Happiest Minds Technologies announced strategic changes to strengthen products, software-as-a-service (SaaS) and a soon-to-be launched healthcare-as-a-service (HaaS) solutions. On Wednesday, shares of Happiest Minds Technologies touched a 52-week low for the second consecutive day to reach Rs 620.20 on the BSE, before ending slightly higher at Rs 624.10 per share. At a press conference around a month before its fourth quarter and full year earnings the Bengaluru-headquartered company said it has drawn up plans to expand its business to the private equity (PE) ecosystem, global capability centres (GCCs) and a strategy to focus on high potential large accounts.

TGI Fridays has shut down nearly 130 stores in the United States in the last several months. This development comes as TGI Fridays faces ongoing bankruptcy proceedings as slumping sales and shifting trends have hit many casual dining-style chain restaurants hard. TGI Fridays shut down 130 stores in tragic decline: 10 points -TGI Fridays is slated for mass shutdowns for the year 2025. TGI Fridays, once known for its flair-laden servers, endless appetizers and festive atmosphere has closed a total of over 130 stores this year, since filing for Chapter 11 bankruptcy in November 2024. ALSO READ: US recession storm may be brewing. Deutsche markets survey pushes the possibility towards 50% -According to The Mirror, the most recent spate of closures took place in New York, New Hampshire, Maryland, Massachusetts, and Ohio with signs on locked doors citing the “difficult decision” to close.

Wall Street's main indexes were mixed on Wednesday, with investors exercising caution as they awaited economic data and more clarity on the Trump administration's fresh tariffs that are expected to take effect next week. At 09:30 a.m.

Tesla share price rose 3.4 per cent on Tuesday even as Billionaire Elon Musk reportedly held a crucial meeting with employees, as per a report. Parleys between Musk, who is a key advisor to US President Donald Trump's administration, and Tesla employees and investors have been an assuring one, Fortune reported quoting Wedbush analyst Dan Ives. The meeting, which streamed online, had Musk speaking positive things to employees even as he claimed the future for Tesla looks bright. However, even after Tuesday's gain, Tesla's stock nevertheless remains down nearly 29 per cent for 2025 so far.

youth unemployment and disengagement, as per a report. This grim figure is a warning of an enormous issue that can have long-term implications for the United States' labour force and economic prospects.

Jasmine Crockett (D-Texas) came under fire from Republicans on Tuesday for referring to Texas Gov. Greg Abbott ®, who uses a wheelchair, as “Governor Hot Wheels.” The remarks were made by Jasmine Crockett at a Human Rights Campaign dinner in Los Angeles as part of a broader dig at the Texas governor, according to The Washington Post. Greg Abbott, 67, was paralyzed at 26 after a tree fell on him while he was on a run, damaging his spinal cord. ALSO READ: Mega Million jackpot soars to $344 million: A lucky ticket hits the massive lottery luck

super rich Indians wish to leave the country due to factors like living conditions here, better standard of life abroad and also easier business environment in other countries, a survey said on Wednesday. The survey of 150 ultra high networth individuals said that the US, UK, Australia, Canada and even UAE due to its golden visa scheme are the favourite destinations where the rich prefer to settle down. Kotak Private, a leading wealth manager in the country which undertook the survey in association with consultancy EY, said 25 lakh Indians migrate to other countries every year as per the foreign ministry. «One in five ultra HNIs surveyed are currently in the process of or plan to migrate,» the survey findings said, adding most of them intend to reside in their host country of choice permanently while retaining their Indian citizenship.

Subscribe to enjoy similar stories. Whether giving up the Google Tax will get India reprieve in the tariff war that US President Donald Trump has promised to unleash on the world at large remains to be seen. The Google Tax, officially, an equalization levy on foreign service firms, does not generate much revenue.

Subscribe to enjoy similar stories. A new U.S. missile system deployed in the Philippines puts key Chinese military and commercial hubs within striking distance and hands President Trump an early test of his commitment to deterring Chinese aggression against American allies in Asia.