Usa Financial News

As Bitcoin (BTC) eyes a retest of its 2024 highs following a 3.5% push higher on Monday back to the $72,000 area, crypto investors are anticipating that the crypto market might be about to heat back up once again and are hunting for the best crypto to buy now.

European digital asset manager CoinShares claims Bitcoin ETF hype is slowing down despite the asset’s latest return above $71,000 per coin.

RBC Wealth Management is adding another half a billion in assets to its enterprise as its Western US division drafts two multigenerational advisor teams that collectively managing $500 million in client assets.

Stocks drifted to a mixed close after last week’s roller-coaster ride left them shy of their records

Arsenal will play host Bayern Munich in the UEFA Champions League quarterfinals first-leg on Tuesday. While Arsenal are very much in contention for Premier League, Bayern Munich's proposition in German Bundesliga is all but over. UEFA Champions League quarterfinals game between Bayern Munich and Arsenal is scheduled to kick off on Tuesday, April 9 at 3 pm (ET). The soccer match will be live streamed on Paramount+.

US Federal Reserve are fueling a record-breaking rally in precious metals. The precious metal could gain by another 10-15% from current levels, said experts. Silver contracts, which have risen by more than a tenth in a week, touched a lifetime high of ₹82,109 per kilogram on the MCX on Monday. Both gold and silver trying to breach their multi-year highs indicates that a bull market is in force for precious metals, and historically, silver has outperformed gold in such situations, said Sahil Kapoor, market strategist at DSP Mutual Fund. «Conditions are favorable. A breakout is happening after many years, and if you have already allocated to silver, stay put, and if not, you should allocate and wait,» he said. While the precious metal typically moves in tandem with gold prices, it also takes cues from base metal prices because of its usage across several industries including electronics, batteries and semiconductors. Base metal prices have seen a recent rally following encouraging manufacturing data from China. «Middle East tensions and China's heavy buying drove silver's demand, pushing prices up. Meanwhile Fed's Powell last week hinted at cautious rate cuts, influencing silver's long-term bullish outlook,» said Naveen Mathur, director for commodities and currencies at Anand Rathi Shares and Stock Brokers. The demand for silver is expected to grow 1% globally to 1.2 billion ounces in 2024, while supply is seen rising 3% to 1.02 billion ounces, the Silver Institute said in a report earlier this year.

HUDCO) is looking to tap East Asian countries such as Singapore and Taiwan to raise funds this fiscal year after a similar successful exercise in Japan, chairman and managing director Sanjay Kulshrestha told ET. «Japan was the maiden attempt to raise funds via external commercial borrowing, and we have been received very well. There is a good arbitrage; we are getting funds at 6.5%-80-100 bps lesser than the domestic funds,» said Kulshreshta, noting that the company's fundraising may surpass its original aim. HUDCO was planning to raise $100 million from Japan but is confident of landing nearly double that amount. Kulshreshta, who took charge of HUDCO last year, said the company may even tap the US market after the Fed initiates rate cuts.

Google's smart speakers and other devices do not violate Sonos' patent rights and can be imported into the United States, a U.S. appeals court affirmed on Monday. The U.S. Court of Appeals for the Federal Circuit upheld a U.S. trade tribunal's decision that Google's redesigns of products, including Google Home speakers, Pixel phones and Nest Hub smart displays, were sufficient to avoid infringing Sonos' multi-room wireless audio patents.

Russia captured a larger share of India's crude imports in the just-ended fiscal year despite narrowing discounts on its oil and sanctions imposed by G7 nations due its invasion of Ukraine. The share of Russian oil in India's total imports rose to 35% in 2023-24 from 23% in the previous year, according to energy cargo tracker Vortexa. During the year, all other key suppliers, including Iraq, Saudi Arabia, UAE, and the US lost share in the Indian market. Iraq's share fell to 20% (from 21%). Similar drops were noted for Saudi Arabia (15% from 17.5%), UAE (6% from 9%), and the US (3.5% from 5.5%). Russia supplied 1.57 million barrels a day (mb/d) in FY24, up from 1mb/d in the previous year. Iraq's supply of 0.89 mb/d in 2023-24 was lower than 0.95 mb/d in the previous year. Saudi's supply fell to 0.69 mb/d from 0.78 mb/d.

Justin Trudeau's allegations of «potential» involvement of Indian agents in the killing of Khalistani separatist Hardeep Singh Nijjar last June on Canadian soil, the boss of Canada's 2nd largest pension fund, Caisse de dépôt et placement du Québec (CDPQ), said the US and India are the only two outperforming markets in the world. Without getting drawn into the specific allegations New Delhi has rejected as «absurd» and «motivated», Charles Emond, chief executive, CDPQ, said he did not want to comment on government relations, but added «India is an important part of our APAC strategy,» during an exclusive interaction with ET. «And it remains a country where we continue to see strong potential over the long term.» He was recently in India, his first visit since he took over in 2020, just a month before Covid paralysed the world.

US Securities and Exchange Commission (SEC) last week stayed the first-of-its-kind climate disclosure rules pending judicial review and amid a political backlash. The rules, adopted a month earlier, had taken two years to pass a pared down version and required public companies to disclose extensive climate change-related information in their regulatory filings. This development comes three months after China unveiled its ESG rules requiring companies to publish sustainability reports by 2026. In a significant move, the Supreme Court of India in a ruling released last week expanded the scope of Articles 14 and 21 to include the 'right against the adverse effects of climate change'.

Real Madrid will take on Manchester City in the first leg of Champions League quarter-final match on Tuesday. While City are looking to defend their maiden Champions League title, Madrid are aiming to win the competition for the record-extending 15 times. Manchester City versus Real Madrid Champions League match will be held at Santiago Bernabeu in Spain. The soccer match is scheduled to kick off 3 pm (ET) on Tuesday, April 9.

Bitcoin Trust since the launch of the ETFs, net inflows into US Bitcoin ETFs remain positive. These inflows, totaling $7.35 billion, originate from some of the biggest names in the investment industry, including BlackRock Inc. and Fidelity Investments. Areport by Bloomberg on March 4 says the leading cryptocurrency, known for its high liquidity, witnessed a climb of up to 6.7%, reaching $67,069 on March 5. This marks its first breach of the $67,000 threshold since November 2021. Year-to-date, the token has experienced a surge of approximately 60%, significantly outperforming traditional asset classes like stocks.

Why are gold and US dollar rates moving in same direction? — explained In March, China's central bank disclosed an addition of 160,000 troy ounces of gold to its reserves. Alongside, countries including Turkey, India, Kazakhstan, and various Eastern European nations have also engaged in gold purchases throughout the year. “The gold and silver market continues its relentless climb.

Jim Lee, a 29-year veteran of the United States government with a significant tenure as the chief of the Internal Revenue Service’s (IRS) Criminal Investigations team, has transitioned to a new role at cryptocurrency analytics firm Chainalysis.

American Astronomical Society, the best way to watch an eclipse while protecting ones eyes is by adopting 'ISO 12312-2:2015' certified eyewear. This specifies the properties that a solar viewer should have in order to protect your eyes from injury and provide a comfortable view. The world is witnessing a rare phenomenon- the total solar eclipse today.

Wells Fargo raised its year-end target for US benchmark S&P 500 index to 5,535 on Monday — the highest among Wall Street brokerages — citing optimism around artificial intelligence and a potential easing of borrowing costs. The index has gained 9% so far this year, broadly boosted by expectations of interest rate cuts and investor frenzy around the AI boom.

Morgan Wallen was jailed this Sunday night in Nashville following an incident of reckless endangerment when the 'Chasin' You' singer threw a chair off a six-story roof-top bar. According to Hollywood Reporter, the incident took place on Sunday and the bar was owned by one of his fellow singers Eric Church, whose songs have also ranked on Billboard's top charts. According to Hollywood Reporter, Billboard, after the incident, acknowledged and confirmed Wallen's arrest, based on a statement of Wallen’s attorney, Worrick G. Robinson.

JPMorgan Chase CEO Jamie Dimon on the Federal Reserve's rate trajectory, 2024 economy, looming bank regulations and artificial intelligence.

Employbridge’s Joanie Bily explains what the March jobs report says about the state of the U.S. economy on Making Money.

Former Kansas City Federal Reserve Bank President Thomas Hoenig reacts to Jerome Powell saying the Fed is not ready to start cutting rates on 'Cavuto: Coast to Coast.'