Usa Financial News
22.03 / 06:07
22.03 / 06:07
FIVE
security
Experts
War
reports
peace
Get ready for space war: US says China, Russia have deployed jammers in space, Beijing practicing satellite dogfighting
China is practicing satellite dogfighting in space, according to CNN. The report, quoting the US Space Force, also said that China and Russia have deployed jammers in space. According to CNN, Gen. Michael A. Guetlein, vice chief of space operations for the US Space Force, revealed that they have observed five Chinese satellites maneuvering around each other in a coordinated manner—a practice he described as dogfighting in space. These included three Shiyan-24C satellites and two Shijian-6 05A/B experimental satellites.
22.03 / 05:41
22.03 / 03:09
ByteDance
TikTok
President
country
information
Videos
AI startup Perplexity confirms interest to buy TikTok
Perplexity on Friday expressed its interest in buying TikTok, which faces a deadline to divest from its Chinese owner or be banned in the United States. Perplexity in a blog post laid out a vision for integrating its AI-powered internet search capabilities with the popular video-snippet sharing app. «Combining Perplexity's answer engine with TikTok's extensive video library would allow us to build the best search experience in the world,» the San Francisco-based firm reasoned.
22.03 / 03:09
22.03 / 01:53
markets
Williams
Strategy
Analysis
Trade
show
reports
The week in charts: Tax share, oil diplomacy, IndusInd Bank sell-off
Subscribe to enjoy similar stories. The Centre’s net tax collections have been robust in the current financial year so far. India is working on a plan to import oil from the US to avoid reciprocal tariffs.
22.03 / 01:53
markets
Citi
community
Trade
War
symphony
The merchant who built Bombay: How David Sassoon shaped a global city
Subscribe to enjoy similar stories. Sassoon Docks, tucked away in the bustling heart of South Mumbai’s Colaba, is a living testament to the city’s maritime soul. Just a stone’s throw from the Gateway of India, it is more than a mere port—it is the fish-scented, beating heart of Mumbai, where history, hustle, and heritage converge in an unforgettable sensory symphony.
21.03 / 23:53
markets
Action
economy
Trade
President
performer
Trump's tariffs cloud India's March exports
Subscribe to enjoy similar stories. New Delhi: Key Indian exports may have started cooling even before US president Donald Trump’s reciprocal tariffs roll out. Worried that higher levies may kick in by the time products land on American shores, local exporters are hesitant to ship engineering goods to the US, according to industry representatives.
21.03 / 21:13
Cooper
Monarch
love
country
social
reports
Donald Trump says US may join British Commonwealth: All you need to know about association
Donald Trump, on Friday, said that he loves King Charles in a social media post. His post was a response to a report which stated that the US should be given associate membership in the British Commonwealth. The 47th US President said that the idea sounded “good”. An associate membership could be on the agenda if Donald Trump meets with King Charles later this year. The British monarch had sent an invite to Trump for a meeting, which he accepted. As Trump’s comment gains attention, here is everything you need to know about the Commonwealth.
21.03 / 20:15
21.03 / 20:15
21.03 / 19:51
markets
Digital
Trade
War
show
performer
Sporting
Nike's comeback plans threatened by tariffs, overstocked shelves
Nike's turnaround effort is hitting snags as the company tries to clear out old inventory while feeling the effects of a growing trade war. The sportswear maker signaled further declines in revenue and profitability due to an ongoing merchandise reset that the company says is necessary to renew growth. Nike also expects gross margin to decline sharply in the current quarter from a year earlier, in part due to US tariffs on products from China and Mexico. Chief executive officer Elliott Hill, a longtime Nike executive who came out of retirement to take the top role in October, is looking to guide the company back to growth after a difficult year of falling sales and corporate layoffs. He's reshaping Nike by refocusing on sports and mending relationships with its retail partners. Nike is in the midst of clearing out stale merchandise through heavy discounting as demand fades for some of its biggest sneaker franchises, including Air Force 1s and Dunks. Inventory fell 2% in the period but Chief Financial Officer Matt Friend said those levels remain «elevated across all categories.» The company is trying to turn things around against a backdrop of weak consumer spending and fallout from President Donald Trump's escalating trade war. China also remained a weak spot, with sales missing analyst expectations amid a prolonged consumer slump in the market. But performance in North America and the region that includes Europe, Africa and the Middle East came in better than expected.
21.03 / 19:51
UPS
Provident
security
President
country
Department
New Trump order to expand critical mineral production
Donald Trump is invoking emergency powers to boost the ability of the US to produce critical minerals-and potentially coal-as part of a broad effort to ramp up the development of domestic natural resources and make the country less reliant on foreign imports. An executive order signed by the president Thursday taps the Defense Production Act as part of an effort to provide financing, loans and other investment support to domestically process critical minerals and rare earth elements, according to a White House official. The US International Development Finance Corporation, working with the department of defense, will provide financing for new mineral production projects. The order, which also encourages faster permitting for mining and processing projects and a directive for the interior department to prioritise mineral output on federal land, comes as a direct response to long-held concerns among the US and allies that China overwhelmingly controls the processing of some of the most important critical minerals. These elements are used in a number of products from batteries to defence systems that are seen as crucial to the nation's energy and security.
21.03 / 19:51
FIVE
Dreams
band
MetLife
show
concert
Jonas Brothers MetLife concert 2025: All you need to know about date, tickets and JonasCon
Jonas Brothers announced their comeback with a 2025 world tour at their New Jersey hometown. The Jonas 20: Living the Dream Tour will commence on August 10 at the MetLife Stadium located in East Rutherford. The band announced the news on Good Morning America during a discussion on their two-decade-long career in the music industry. During the Good Morning America interview, Joe Jonas recalled how the group performed in small clubs after their dad transported them to each show. After twenty years, the band has scheduled their largest tour to date.
21.03 / 16:11
21.03 / 14:49
President
War
peace
Over £25bn of Russian assets frozen by UK since invasion of Ukraine
In its annual review published today (21 March), the OFSI said the UK and its allies have imposed «the most severe sanctions Russia has ever faced», depriving Moscow of over $400bn since 2022, «equivalent to four years of Russia's military spending». The agency added that 2,001 Russian individuals and entities fell under the UK sanctions regime as of March this year. How the Russia-Ukraine war has reshaped the defence and energy sectors in Europe The latest figures came as US President Donald Trump rushes to negotiate a peace settlement between Russia and Ukraine without consulting...
21.03 / 14:49
markets
economy
Fed dampens US growth prospects as Powell warns of tariffs' inflationary impact
In its meeting on Wednesday (19 March), the Federal Open Market Committee (FOMC) voted to maintain the current federal funds rate at 4.25%-4.5%. Notes from the meeting revealed the FOMC decided to slash its GDP expectations for the US from its previous December 2024 predictions. Federal Reserve holds rates steady as inflation 'remains a primary risk' During 2025, the FOMC expects the US economy to expand by 1.7%, down from the 2.1% anticipated at the end of last year. Similarly, US growth forecasts for 2026 and 2027 were cut from their December levels to 1.8% each year, down ...
21.03 / 14:43
UPS
Manufacturing
CEO
Strategy
Trade
President
Defence investments will be winners in Trump world: Teachers' CEO
There will be winners and losers as United States President Donald Trump shakes up the world order through tariffs and shifting military strategies, but one area poised to prosper is defence, says Jo Taylor, chief executive of the Ontario Teachers’ Pension Plan Board.
21.03 / 14:43
markets
UPS
Waters
security
Trade
cover
strain
Canadian startups focus on homegrown funding with U.S. relations strained
Tatiana Estevez was celebrating her fog water collection company Permalution securing money in a fundraising round and garnering support for a drinking water project, when it was all placed in jeopardy.
21.03 / 14:43
UPS
Provident
security
President
cover
Department
Trump invokes emergency powers to expand critical mineral production
United States President Donald Trump is invoking emergency powers to boost the ability of the U.S. to produce critical minerals — and potentially coal — as part of a broad effort to ramp up the development of domestic natural resources and make the country less reliant on foreign imports.
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