Usa Financial News

Bitcoin dropped 4.5% to $63,044 in Tuesday's trading session as stronger-than-expected US retail sales for March further reinforced expectations that the US Federal Reserve will unlikely rush to cut interest rates this year. Retail sales rose 0.7% last month, the Commerce Department's Census Bureau said. Data for February was revised higher to show sales rebounding 0.9%, the largest gain in just over a year, instead of the previously reported 0.6%.

Uniqus Consultech, a tech-enabled global platform that offers ESG and accounting & reporting consulting, raised $10 million in Series B funding led by Nexus Venture Partners, with participation from Sorin Investments. Within a year of launch, the firm has expanded to eight cities in the US, India, and the Middle East, with over 350 professionals led by 40 partners and directors.

Speaker Mike Johnson is forging ahead to pass a bill to support Ukraine, Israel and Taiwan, despite threats from his right rump to topple him. He’s correct on the policy merits, and he deserves support from Members of both parties given what a potential Ukrainian defeat would mean for U.S. national security.

NEW DELHI : Global crude oil prices edged marginally higher on Thursday, rebounding from a 3% drop the previous day, as concerns over demand and escalating tensions between Iran and Israel potentially impacting the oil market continue to trouble investors. As of 10:54 am, the June Brent contract on the Intercontinental Exchange was trading at $87.52 per barrel, a 0.26% increase from the previous close. Similarly, the May contract of West Texas Intermediate on NYMEX had risen by 0.17% to $82.83 per barrel.

₹1 change in gross marketing margin substantially impacts the Ebitda (earnings before interest, taxes, depreciation, and amortization) margins of oil PSUs by over 20%. Increased LNG prices or supply shortages would adversely affect gas companies like GAIL, Petronet LNG, and city gas distributors such as Gujarat Gas, IGL, and Mahanagar Gas. Additionally, the windfall tax limits profit margins for producers like ONGC and OIL, capping net realizations at around $75 per barrel.

By Hiren Shah and Alpa Shah

Bitcoin’s dominance of the crypto sector is at a three-year high, reflecting robust demand for US exchange-traded funds holding the largest digital asset as well as a rocky period for smaller tokens. Bitcoin at the end of last week accounted for almost 55% of the $2.4 trillion market for virtual currencies, a level last seen in April 2021, according to CoinMarketCap data. The next largest by that metric are Ether, stablecoin Tether, the Binance exchange’s native token BNB, and Solana.

Duke of Sussex Prince Harry seems to be completely alienated from the British royal family. In the latest act of defiance and separation from his ailing father King Charles III, Harry has officially renounced his British residency and announced that the US is his home. Claiming to have obtained the related document, 'The Daily Mail' has reported that the prince has declared that his «new country/state» was now the 'United States'.

Ramkrishna Forgings has signed an agreement to supply power train components to USA's largest electric passenger vehicle producer, the company said in a stock exchange filing on Thursday. This deal signals the company's debut in US' electric vehicle market. This landmark approval signifies the company's position into the electric passenger vehicle segment with a strong emphasis on powertrain components, it said in the statement. Kolkata-based Ramkrishna Forgings is a manufacturer and supplier of closed-die forgings of carbon and alloy steel, micro-alloy steel, and stainless steel forgings.

the Daily Mail reported citing documents. When the Prince founded the Travalyst travel organisation, the United Kingdom was registered as Harry's place of residence. King Charles' youngest son, Prince Harry, 39, and his wife, Meghan Markle, 42, relocated to the US in 2020.

arrested and three more arrest warrants have been issued for suspects in a gold heist at Toronto’s Pearson International Airport's cargo facility in April 2023, AFP reported. Termed as "the greatest gold heist in Canadian history" by officials, little of the stolen 6,600 gold bars worth Can$20 million ($15 million) has been recovered, it added. Further, Can$ 2.5 million in foreign banknotes was also stolen in the same heist.

An unsavory combination of factors is spoiling the risk appetite of equity investors, leading to profit booking at new highs. In the past week, benchmark indices Nifty50 and the S&P BSE Sensex have declined over 2% each. During the same time, the fear gauge, Nifty volatility index (VIX), has risen 11%, indicating discomfort among stock market participants.

A new study by Experian has highlighted significant financial knowledge gaps among Americans, particularly younger generations, that are contributing to costly errors.

India has opened up its market to the American farming industry in as many as 12 different categories, a top Biden administration trade official told lawmakers on Wednesday as some influential senators raised the issue of wheat and rice subsidies in India and alleged forced labour in the country's shrimp industry. US Trade Representative (USTR) Katherine Tie, responding to a series of questions from the senators during a congressional hearing on trade convened by the US Finance Committee, defended the Biden administration's actions. «We are opening markets for hard-working American families and communities, especially our rural communities. Through negotiations, our administration has secured over USD 21 billion in new agricultural market access in the last three years,» she said. «For example, after the US and India terminated seven WTO disputes, India agreed to remove retaliatory tariffs on several US products. This means improved access for chickpeas, lentils, almonds, walnuts and apples, benefiting farmers across our country, including in Michigan, Oregon, California and Washington,» Tie said.

trading on Wednesday as investors assessed the Federal Reserve's interest rate stance and a batch of soft earnings early in the financial reporting season. Travelers tumbled 7.41% and was among the biggest drags on the S&P 500 and largest on the Dow Industrials after the insurance giant missed Wall Street expectations for first-quarter profit.

VerSe Innovation, the parent firm of online news aggregator Dailyhunt and short-video platform Josh, on Wednesday said it has acquired New York-based digital magazine store Magzter. Founded in 2011, homegrown Magzter is a cross-platform, self-service, global digital newsstand with a library of over 8,500 premium magazines and newspapers. The deal, financials of which went undisclosed, marks Dailyhunt’s foray into premium content.

Sensex declined 456.10 points, or 0.62%, to close at 72,943.68, while the Nifty 50 dropped 124.60 points, or 0.56%, to settle at 22,147.90. The Indian stock market was shut on Wednesday for Ram Navami. Nifty 50 formed a small positive body candle on the daily chart with minor upper shadow.

Sensex declined 456.10 points, or 0.62%, to close at 72,943.68, while the Nifty 50 dropped 124.60 points, or 0.56%, to settle at 22,147.90. The Indian stock market was closed on Wednesday on account of Ram Navami. “Investors are fearing that the ongoing conflict could fuel buoyancy in crude oil prices and in turn weigh on inflation.

Joe Biden said on Wednesday that the US continues to urge Israel to ramp up “land, air, and sea deliveries for Gaza civilians". In a post on X, Biden said that in the “12 days following my call with Prime Minister Netanyahu, 3,000 trucks with food and supplies moved into Gaza – a daily increase of over 50% from the week prior." Biden added, “It's still not enough," saying, “We continue to urge Israel to ramp up land, air, and sea deliveries for Gaza civilians." Also Read: Iran-Israel war LIVE: 'West repelled strike on Israel, why not for Ukraine?' asks Estonia PM As reported by Reuters, the Palestinian enclave's health ministry said that Israel's military offensive in the Gaza Strip has "killed at least 33,899 Palestinians and wounded 76,664 since Oct.

chips, is poised to get more than $6 billion in grants from the Commerce Department to help pay for domestic factory projects, part of an effort to bring semiconductor production back to American soil. The award, which isn’t yet finalized, could be announced as soon as next week, according to people familiar with the matter. It’s not clear whether the company also plans to accept loans available through the 2022 Chips and Science Act in addition to the direct grant funding.

NBA has banned Toronto Raptors' Jontay Porter on Wednesday for violating gambling rules of United States, according to reports. The league mentioned in a report that Porter disclosed «confidential data to sports bettors, excluded his self participation in one or more games for betting purposes, and betting on NBA games.»