Usa Financial News

Cryptocurrency markets were trading lower in Thursday's trade, dragged by Bitcoin, Ethereum, Solana, and XRP. Meanwhile, the global cryptocurrency market cap fell 1.2% to around $2.62 trillion in the last 24 hours. At 10.55 a.m., Bitcoin was trading 1.13% lower at $69,609, while Ethereum was down 2.4% at $3,513. At the same time, other altcoins such as Solana, XRP, Cardano, Shiba Inu and Avalanche, fell 2-4%. On the other hand, BNB (1.5%), Dogecoin (7.2%), and Bitcoin Cash (8.4%) surged.

Narendra Modi, at his widely-reported meeting with Microsoft co-founder Bill Gates, broached the idea of green gross domestic product parameters, saying that the tools currently used to quantify economic growth are bad for the climate. Modi also said that climate action has picked up pace since the G20 Summit in India, held in September 2023. When asked about making green solutions more affordable, Modi stressed on the importance of a dual strategy: promoting nature- and climate-friendly innovation, and encouraging environmentally conscious lifestyles. He underlined the need to shift the current perspective on progress, noting that traditional markers like steel consumption and energy use can lead to increased carbon emissions.

The choice to replace Adidas with Nike as the supplier of kit for the German football team from 2027 to 2034 was a purely commercial decision by the German Football Federation (DFB). Germans’ reaction to the ending of a 77-year-old all-German partnership was, by contrast, highly emotional. Commerce is destroying a piece of Heimat, lamented Karl Lauterbach, the health minister, using the German word that evokes the idea of home, belonging and place.

US stocks ended on a positive note amid expectations that the world’s biggest economy will be able to achieve a soft landing. Japanese, South Korean and mainland Chinese stocks also rose, with much of the region, including Australia, Hong Kong and Singapore closed for a public holiday.

Obama and Bill Clinton dug into an issue that has vexed economists, political strategists and the White House on Thursday — if the U.S.'s fiscal numbers are so good, why are Americans so unhappy about the economy? Speaking at a high-dollar fundraiser for President Joe Biden at New York's Radio City Music Hall, Obama and Clinton urged thousands there to stick with the Democratic president for a second term, while trying to pin down the reasons economic concerns are high despite job growth, healthy spending and better-than-expected GDP increases.

UN Secretary-General Antonio Guterres has said we very much «hope» that in India and any country that is having elections, people's «political and civil rights» are «protected» and everyone is able to vote in a «free and fair» atmosphere. Spokesperson for the Secretary-General Stephane Dujarric made these remarks on Thursday while he was responding to a question on the «political unrest» in India ahead of the upcoming national elections in the wake of the arrest of Delhi Chief Minister Arvind Kejriwal and the freezing of the opposition Congress Party's bank accounts. «What we very much hope that in India, as in any country that is having elections, that everyone's rights are protected, including political and civil rights, and everyone is able to vote in an atmosphere that is free and fair,» Dujarric said at the daily press briefing Thursday.

record highs on Wall Street. The benchmark Nikkei 225 index added 0.48 percent, or 193.04 points, to 40,361.11 in early trade, while the broader Topix index rose 0.58 percent, or 16.03 points, to 2,766.84.

stock market is off to a soaring start in 2024, as optimism over the economy and interest rate cuts has combined with exuberance about the business opportunity in artificial intelligence to stir up a potent cocktail for equities. The S&P 500 has climbed more than 10% so far this year to post its biggest first-quarter gain since 2019. The benchmark index in late January hit its first record high in two years, as it built on a surge in late 2023, and has not looked back, setting more than a dozen highs without a significant pullback so far in 2024.

unmanned aerial systems (UAS) launched by Iranian-backed Houthi terrorists in Yemen on Thursday, the US Central Command said. These UAS were aimed at a Coalition vessel and a US warship and were engaged in self-defence over the Red Sea. Sharing on their official social media X, the US Central Command (CENTCOM) posted, «Between 6:00 and 10:56 p.m. (Sanaa time) on March 28, and for the second day in a row, United States Central Command successfully engaged and destroyed four unmanned aerial systems (UAS) launched by Iranian backed Houthi terrorists in Yemen. These UAS were aimed at a Coalition vessel and a U.S. warship and were engaged in self-defence over the Red Sea.»

United States is drawing up a list of advanced Chinese chipmaking factories barred from receiving key tools, three people familiar with matter said on Thursday, to make it easier for companies to stem technology flows into China. The list could be released in the next couple of months, one of the people said.

South Korea slammed Russia's «irresponsible» veto blocking the renewal of a panel of UN experts monitoring international sanctions on North Korea, with the vote following accusations Pyongyang is aiding Moscow in its war in Ukraine. South Korea «clearly points out that the Russian Federation, despite its status as a permanent member of the UN Security Council, has made an irresponsible decision», Seoul's foreign ministry said in a statement.

Harvard College dropped 5% from a year ago, a symbolic blow to the school after a period of turmoil that included the resignation of its president and a defeat at the Supreme Court. The school said 54,008 students sought admission for next fall’s freshman class. That marked the second consecutive year that Harvard’s undergraduate applications declined. They’re down from 61,220 two years ago, when numbers soared during the pandemic after colleges scrapped requirements for standardized testing. By contrast, rival Yale University reported 57,465 applicants, the largest in the college’s history and 10% more from than the previous year.

Federal Reserve's commentary and the course of the dollar may dominate global market discussions, but a set of India-focused investors are moving their rupee trading calls to the Chinese yuan from the greenback, with Mint Road seen smoothening swings in exchange rates involving New Delhi's second-largest trade partner. «I have also noticed that since the beginning of the year, there has been a lot of interest in buying Indian rupees, not against the US dollar but against some of the other Asian currencies, especially the RMB (Chinese currency),» said Patrick Law, Head of Asia Pacific Fixed Income, Currencies, and Commodities Trading, Bank of America.

U.S. Attorney Damian Williams wrote in an official statement following Judge Lewis A. Kaplan’s Thursday morning ruling that FTX founder Sam Bankman-Fried’s 25-year prison sentence will send “an important message” to potential fraudsters everywhere.

higher studies this year are choosing colleges based on the perceived safety of the location amid a recent surge in attacks on Indian students in the US, admission consultants said. Besides institutes and courses, parents who plan to send their ward to the US are asking questions such as which states are safe and which areas have high crime rates even as admission results for the 2024 batch have started coming in from US universities, they told ET. Some parents with daughters are even having second thoughts about the US, said Adarsh Khandelwal, CEO and founder of Collegify. There is widespread concern particularly among parents of students going for undergraduate studies as many of them would be staying away from home for the first time, consultants said. Caution is in the air amid reports of violent incidents involving Indian students, including some fatal ones, in places like Chicago, Boston, and Indiana, among others.

₹70,000 crore in FY25. India's textile exports slid 4.2% to $30.96 billion during April-February, data from the commerce ministry showed. The slowdown in major economies such as the European Union (EU), the US, and West Asian nations is believed to be the primary cause of this decline.

NEW DELHI : Former US vice-president Al Gore-headed Generation Investment Management’s Just Climate LLP, and Singapore’s CapitaLand Investment Ltd are among entities exploring an acquisition of Radiance Renewables Pvt. Ltd, two people aware of the development said. The sale of the Eversource Capital-backed company, which operates in the commercial and industrial (C&I) segment, may attract a potential equity value of about $300 million, the people said.

U.S. federal agencies must show that their artificial intelligence tools aren’t harming the public, or stop using them, under new rules unveiled by the White House

Russia and the USA are expected to take the lead in crypto adoption, according to a new report published on Statista called Digital Assets: Market Data & Analysis. 

As the Dogecoin (DOGE) price pumps to fresh highs for the year above $0.20 per token, profit-taking members of the Dogecoin community are targeting a new green AI ICO in the search for 100x gains in 2024.

ETFGI, an independent research firm, reports assets invested in cryptocurrency exchange traded funds (ETFs) and exchange traded products (ETPs) listed globally have reached a major new milestone of $69.39 billion at the end of February seeing a 358.9% from $15.12 billion at end of 2023.