Usa Financial News

Honda Motor Co. Ltd.’s announcement last week that it’s building a $15-billion “vertically integrated” electric-vehicle and battery-cell manufacturing complex in Ontario has opened a new chapter in the country’s industrial strategy for the energy transition.

humanitarian aid has risen to $320 million, a U.S. defense official and a source familiar with the matter told Reuters. The figure, which has not been previously reported, illustrates the massive scale of a construction effort that the Pentagon has said involves about 1,000 U.S. service members, mostly from the Army and Navy. Still, the cost has roughly doubled from initial estimates earlier this year, according to a person familiar with the matter.

NFL draft picks that happened back this month, the craze for this popular American football franchise is on. Now, an NFL documentary series is coming to Netflix to raise the enthusiasm of fans of this sport based on a full-fledged web series that talks about the sport in a very insightful way, according to a What's on Netflix report.

EconomicTimes.com signed off the financial year 2024 as it had begun, leading from the front — with accuracy in reporting and accountability to readers. The latest Comscore data from March 2024 validate what business news readers have known for decades: EconomicTimes.com is the premier source for business, market, and financial news in India, with significant recognition around the world.

Amidst positive market expectations, Bitcoin (BTC) faces a downtrend, dropping to $62,247 with an intra-day low of $62,007. Global tensions and US Department of Justice actions against crypto founders fuel this decline.

Harsh Goenka, who describes himself as a sports lover, has six tips for the BCCI for the upcoming T-20 World Cup. In a post on X on 'How can India win the T-20 World Cup', Goenka said, «Pick the team like it is done now in Dream11.» His second suggestion was to pack the team with batsmen. Goenka suggested the names of six batsmen as well: Virat Kohli, Rohit Sharma, Ruturaj Gaikwad, Shubman Gill, Shivam Dube, and Yashasvi Jaiswal.

Investcorp, a global alternative investment firm, has acquired NSEIT, the digital technology business of the National Stock Exchange (NSE) for Rs1000 crore, stated a press release. The transaction excludes the digital examinations business that is also housed inside NSEIT. NSEIT, a leading provider of digital transformation and cybersecurity services focused on global customers in capital markets, insurance, and banking, has a strong presence in India, North America and Middle East. The company’s offerings include digital engineering, data and analytics, artificial intelligence, cloud services, and cybersecurity services.

Treasury options traders are protecting against everything from multiple interest-rate cuts this year to a hike ahead of the US Federal Reserve meeting this week.

Americans under 40 have seen their wealth accumulation far outpace that of older generations, and beat historic norms, since the start of the pandemic four years ago.

Squeezed household budgets may be forcing some American homeowners to tap savings accounts for their monthly mortgage payments but it’s helping maintain low delinquency rates.

QI Research CEO and chief strategist Danielle DiMartino Booth discusses whether stubbornly high inflation data will delay Fed rate cuts on «Making Money.»

Market Rebellion co-founder Pete Najarian discusses delayed rate cuts by the Fed, inflation and U.S. markets.

Ghee has gone viral on social media. Everstone Group director Prashant Desai, in a podcast with YouTuber Raj Shamani, said that Ghee is the best fat burner in the world. «Ghee is saturated fat, but it's not like any other saturated fat. Ghee has such a unique structure, the double bond of carbon. It's a fat burner,» Desai said. Desai said that Ghee reduces the visceral fat of the body. «If you eat ghee with roti, your glucose spike will be much lower. If you are not eating ghee roti, you are doing the biggest disservice to the country,» he said. «I eat four spoons of ghee in my coffee first thing when I wake up,» he added. To prove his point Desai also said that the claims are scientifically proven? He said that he has shared three LinkedIn posts and two videos on ghee.

Nestle India Chairman & Managing Director Suresh Narayanan on Monday asserted that the company's infant food formulation for children below 18 months is done on a global basis and the allegation that «it is racially stereotyped is unfortunate» and untrue. Addressing reporters here, he said the amount of sugar content in infant foods is determined by the capability to meet the nutrition profile of a particular age group and that is universal. Nestle India's added sugar content in Cerelac is much lower than the upper limit prescribed by FSSAI, he added. «There is nothing in this product that makes it a product that is potentially of any risk or any kind of harm to the child,» he said.

Investors in Australia could soon have a new way to gain exposure to Bitcoin, as the country is poised for a surge of spot Bitcoin exchange-traded funds (ETFs).

Death by firing squad is a sentence usually meted out in the military for heinous crimes like murder or desertion. The condemned prisoner is tied to a post or stood against a wall. A group of five or more soldiers aim at him, and on command, fire their rifles simultaneously.

Everest have come under scanner after Hong Kong and Singapore banned their spices due to “quality concerns". The health authorities in both Singapore and Hong Kong found cancer-causing pesticide called “ethylene oxide" in these masalas. It is pertinent to note that the International Agency for Research on Cancer has identified ethylene oxide as a major carcinogen.

base metal are unlikely to gain much from current levels, said experts. Shares of Hindalco, Vedanta and National Aluminium Co ended higher on Friday even as the Nifty Metal index, and benchmarks Nifty 50 and Sensex ended in the red. “Those holding the shares of these companies can continue to do so, but I would not suggest buying these shares at the current levels, except for Vedanta, where investors need to maintain a strict stop loss,” said Aditya Welekar, analyst at Axis Securities. “We are at a level where a large part of the rally has already happened,” he said.

In a recent interview at the American Center, US Ambassador to India, Eric Garcetti, highlighted the United States' commitment to expediting the visa process for Indian students. This reflects a broader strategy to strengthen people-to-people ties, recognizing their significance in fostering long-lasting relationships between the two nations. Garcetti noted that US President Joe Biden instructed him to reduce visa wait times for Indians, underscoring the high priority given to this matter. «It's the first time, I think, in American history that a President has told an ambassador to get those visa waiting times down,» Garcetti remarked. The US Mission is working to ensure that more Indian students can pursue education in the US, anticipating an increase in visa applications this year.

Thought you were done traveling for work? Think again. Videoconferencing hasn’t made in-person meetings obsolete. Scattered workforces have in some cases resulted in more trips, not fewer.

The police crackdown on protests against the Gaza War in American universities, where students were staging sit-ins to demand a rollback of policies seen to be supportive of Israel’s offensive that has left over 35,000 Palestinians dead so far, leaves one aghast. Reminiscent of how the 1960s’ peace protests over the Vietnam War were thwacked back, cops used the sort of brutal force that makes the country’s claims of free-speech tolerance ring hollow across a globe that the US says is seeing a clash of democracy and autocracy, with America on the side of freedom.