Usa Financial News
10.04 / 18:47
10.04 / 18:17
COST
UPS
Manufacturing
CEO
Tesla
country
'Looking forward to meeting with PM Modi': Elon Musk confirms India visit
Tesla CEO Elon Musk on Wednesday confirmed his visit to India in a post on X (formerly Twitter). Musk wrote, «Looking forward to meeting with Prime Minister @NarendraModi in India!» The CEO is likely to announce the company's investment plans in the country, reported PTI, citing sources. Musk, who has described as a 'natural progression' to provide Tesla electric vehicles in India, is likely to be accompanied by other company executives during the visit that is expected in the week of April 22, as per PTI source. However, there was no confirmation about this from Musk.
10.04 / 17:55
markets
Reuters
Strategy
Research
Trade
International
Gold Prices
Gold prices drop from all-time highs over strong US inflation figures
Gold price today: Gold rates move higher on MCX; what should be your strategy for MCX Gold today? Even though bullion is often touted as a hedge against inflation, its attractiveness tends to diminish in periods of elevated interest rates. On Tuesday, bullion prices reached an all-time high of $2,365.09. "Since mid-March, both gold and silver prices have been steadily climbing, reaching all-time highs in both international and domestic markets.
10.04 / 17:55
markets
Airlines
pandemic
trends
Trade
President
travelers
Delta Air Lines stock climbs 4% after strong Q1 earnings, revenue rises 8%
ALSO READ: US stocks sink after inflation data, Treasury yields jump It stood by its forecast of full year earnings between $6 and $7 per share. The airline predicted that second quarter revenue will be 5 per cent to 7 per cent higher than a year ago. Excluding special items, it earned 45 cents per share, said Delta.
10.04 / 17:51
10.04 / 17:47
COST
Food
Universities
show
reports
Headlines
Larry Summers says CPI raises chances that Fed’s next move is to hike
Treasury Secretary Lawrence Summers said that the hot US consumer price inflation report for March means that the risk case of the next Federal Reserve move to be an increase must be taken seriously. “You have to take seriously the possibility that the next rate move will be upwards rather than downwards,” Summers said on Bloomberg Television’s Wall Street Week with David Westin. He indicated that such a likelihood is somewhere in the 15% to 25% range.
10.04 / 17:37
COST
UPS
Fox
President
reports
Department
International
How It Started... How It's Going: Energy prices soar as Biden pursues green agenda
A 'Mornings with Maria' panel weighs in on the March Core CPI, the Fed's expected rate cuts and their overall market outlook.
10.04 / 17:37
10.04 / 17:01
markets
UPS
Platform
Trade
country
Oil prices drop after high US crude stock offsets impact of Middle-East conflict; Brent at $89/bbl
both Brent and WTI fell more than one per cent. Coming to domestic prices, crude oil futures last traded 0.18 per cent higher at ₹7,115 per barrel on the multi commodity exchange (MCX) platform.
10.04 / 17:01
markets
UPS
IPO
Invesco
Food
reports
Swiggy offers 20% discount to High Net Worth Individuals in pre-IPO deal: Report
₹350 each, valuing the company at ₹80,000 crore." Previously, according to regulatory filings, US-based asset management company (AMC) Invesco has increased Swiggy's valuation by 19 per cent to $12.7 billion ahead of its anticipated IPO. Invesco had spearheaded a $700 million funding round for the food delivery startup in January 2022, valuing it at $10.7 billion. Also read: Swiggy gears up for IPO: Food aggregator converts to public limited company ahead of IPO, plans to raise $1 billion Following that, Baron Capital, an investor in the company, assessed Swiggy's fair value at $12.2 billion as of March 2024, thereby giving a significant lift to the startup gearing up for its IPO.
10.04 / 16:53
Strategy
Election
Kimball
Emerson
President
gay
reports
Can Melania Trump halt waning popularity of Donald Trump, win battleground states, undecided voters?
Melania Trump be able to halt the falling popularity of her husband Donald Trump who is a Republican hopeful for the 2024 US Presidential Election? 'New York Post' has reported that she will join a fundraising event later this month as a strategy to portray herself as a «softer, more moderate voice» for the Trump campaign. Confirming her participation, Democratic strategist Hank Sheinkopf told the news outlet, «The Trump campaign recognizes that Melania is their secret weapon.» He added further, «Her appeal is critical to win battleground states and undecided voters, especially now that they’ve won the primary and are hyper-focused on the general.»
10.04 / 16:53
UPS
Sustainability
country
Interviews
peace
International
Hopeful India, China will be able to restore peace at borders through bilateral engagement: PM Modi
India and China are important for the entire region and the world, Prime Minister Narendra Modi has expressed hope that through positive and constructive bilateral engagement at the diplomatic and military levels, the two countries will be able to restore and sustain peace and tranquillity at their borders. In an interview with Newsweek magazine of the US, Modi said for India, the relationship with China is important and significant. «It is my belief that we need to urgently address the prolonged situation on our borders so that the abnormality in our bilateral interactions can be put behind us. Stable and peaceful relations between India and China are important for not just our two countries but the entire region and world,» he said. «I hope and believe that through positive and constructive bilateral engagement at the diplomatic and military levels, we will be able to restore and sustain peace and tranquillity in our borders,» Modi said.
10.04 / 16:53
UPS
Sustainability
country
Interviews
peace
International
Newsweek magazine, in interview with PM Modi, says India's rise 'unstoppable'
India and China are important for the entire region and the world, Prime Minister Narendra Modi has expressed hope that through positive and constructive bilateral engagement at the diplomatic and military levels, the two countries will be able to restore and sustain peace and tranquillity at their borders. The prime minister made these remarks in an interview with Newsweek magazine, which described India's rise as «unstoppable». The New York-based magazine said India's «rapid upward economic trajectory and increasing diplomatic, scientific and military weight make it an emerging superpower of ever-growing importance to the United States and the world». During the wide-ranging interview carried by the magazine under the headline «Narendra Modi and the Unstoppable Rise of India», the prime minister talked about a host of issues including the upcoming Lok Sabha polls, ties with Pakistan, Quad, Ram temple and democracy, among others.
10.04 / 16:17
COST
UPS
Fox
performer
International
USPS proposes raising stamp prices again
Check out what's clicking on FoxBusiness.com
10.04 / 16:17
Apple
economy
NVIDIA
wellness
track
Interviews
Profiles
Goldman Sachs to skim off profits from tech shares over prevalent risks; Here's what it prefers instead
US economy is on track for a soft landing, but there are plenty of risks that could change the trajectory. “We like taking profits on technology and moving toward other sectors," the official told Bloomberg in an interview. In the tech industry, “the risk-reward profile is skewed to the downside," she added.
10.04 / 16:13
markets
COST
Progressive
Food
show
reports
Higher-than-expected core CPI likely pushes back Fed rate cuts
A measure of underlying US inflation topped forecasts for a third straight month in March, signaling persistent price pressures that will likely delay any Federal Reserve interest-rate cuts until later in the year.
10.04 / 15:47
UPS
Racing
Election
President
actress
2020
Colleges
Biden holds 4 point lead over Trump, Reuters/Ipsos poll shows
Joe Biden has marginally widened his lead over Donald Trump ahead of the November presidential election as the Republican candidate prepares for the start of the first of four upcoming criminal trials, a new Reuters/Ipsos poll found. Some 41% of registered voters in the five-day poll, which closed on Monday, said they would vote for Biden, a Democrat, if the election were held today, compared with 37% who picked former President Trump. That 4 point lead was up from a 1 point lead Biden held in a Reuters/Ipsos poll in March.
10.04 / 15:05
COST
UPS
Provident
economy
Food
wellness
reports
U.S inflation rises in March, could ‘undermine’ Fed’s confidence for rate cuts
Consumer inflation remained persistently high last month, boosted by gas, rents, auto insurance and other items, the government said Wednesday in a report that will likely give pause to the Federal Reserve as it weighs when and by how much to cut interest rates this year.
10.04 / 14:57
Target
Research
track
Rate Cut
US inflation spike to 3.5% tempers Fed rate cut expectations
The Bureau of Labor Statistics revealed the US Consumer Price Index rose to an annual rate of 3.5% in March, an increase from February's figure of 3.2%. Similarly to February, shelter and gasoline were the biggest contributors, responsible for over half of the monthly increase in the index for all items. Jerome Powell: Rate cuts likely as US inflation is on track to meet target Richard Carter, head of fixed interest research at Quilter Cheviot, said the figures have «dashed any remaining hopes» for a May rate cut, as CPI is «firmly» above the Fed's 2% target and has been heading i...
10.04 / 14:57
markets
UPS
Provident
Progressive
Manufacturing
Healthcare
stake
Warburg Pincus picks up controlling stake in Chennai's Appasamy for $300 mn
MUMBAI : Warburg Pincus has picked up a stake in Chennai-based Appasamy Associates Pvt. Ltd., a manufacturer of ophthalmic equipment and devices, in what is the US-based private equity firm's largest investment in the healthcare sector in India, a statement released by the two firms said. Though the firms did not disclose the financial details of the deal, people with knowledge of the matter said that Warburg has acquired around 65% stake in the company for nearly $300 million.
10.04 / 14:33
Manufacturing
security
Enterprise
2020
reports
ReNew aims to double green energy portfolio to 20 GW by FY28
Mint, Sinha said the company is shifting its focus to round-the-clock (RTC) renewable energy projects, and highlighted its preference for battery energy storage systems due to their shorter setup times for grid-scale implementation. ReNew has a joint venture with US-based Fluence to offer energy storage solutions in India.
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