Usa Financial News

Investment manager Kerrisdale Capital said on March 28 that shares of MicroStrategy (MSTR) – the world’s largest corporate Bitcoin holder – are currently trading at an “unjustifiable” premium to MicroStrategy’s actual Bitcoin holdings.

Maryland Motor Truck Association President and CEO Louis Campion discusses the impact of the Francis Scott Key Bridge collapse on truck and shipping routes on 'The Bottom Line.'

The average long-term U.S. mortgage rate fell slightly this week, welcome news for home shoppers facing rising prices and a stubbornly low inventory of properties on the market this spring homebuying season

Wall Street coasted to its latest winning month and quarter by rising to more records

Ascensus is looking to solidify its market-leading status in the retirement savings sector through an agreement with Mutual of Omaha. The companies announced Thursday that Ascensus, one of the top third-party administrators and group retirement savings program providers, is acquiring the insurer’s 401(k) record-keeping business.

Also Read: Oil market oversupplied with record-high US output, Brent seen at $87-$92 for 2024: ShareKhan's Mohammed Imran Both benchmarks were up more than two per cent on the week and were on track to finish higher for a third consecutive month, according to news agency Reuters. Coming to domestic prices, crude oil futures traded 1.76 per cent higher at ₹6,895 per barrel on the multi commodity exchange (MCX). -In the previous session, oil prices had come under pressure from last week's unexpected rise in US crude oil and gasoline inventories, driven by an increase in crude imports and sluggish gasoline demand, according to Energy Information Administration (EIA) data.

As improvements in artificial intelligence (AI) continue apace, so do questions about how AI will influence economies, asset prices and—the question of the moment—interest rates in America: Is AI more likely to make them go up or down? You might think economists would have a simple handle on such a straightforward query, but the both macroeconomics and AI are complex. Nevertheless, I have a bold prediction: Real or inflation-adjusted rates will go up, and for a considerable period of time. The conventional wisdom is that rates tend to fall as wealth and productivity rise in an economy.

FTX co-founder Sam Bankman-Fried was sentenced to 25 years in prison for stealing billions of dollars from customers, marking the final chapter in a case that has both captivated and overshadowed the crypto industry. 

The Canadian economy is outperforming expectations to start 2024, Statistics Canada data shows.

Maryland Motor Truck Association President and CEO Louis Campion discusses the impact of the Francis Scott Key Bridge collapse on truck and shipping routes on 'The Bottom Line.'

Singaporeans are increasingly viewing  Bitcoin  in a favorable light, thanks to the recent approval of spot Bitcoin exchange-traded funds (ETFs) in the United States.

Two asset managers in Hong Kong have jointly filed for a spot Bitcoin exchange-traded fund (ETF) with the Securities and Futures Commission (SFC). The move comes at a time when the regulator is gearing-up to approve ‘in-kind’ BTC spot ETFs in Q2 2024.

Mainstream cryptocurrency adoption is well underway according to recent findings from a Crypto.com report that show global cryptocurrency ownership increased by 34% last year. 

Bankman-Fried was found guilty on seven counts last November following a highly publicised trial in Manhattan federal court in one of the biggest financial fraud cases in history.Prosecutors had sought a prison sentence of between 40 and 50 years, while Bankman-Fried's lawyer argued for less than five and a quarter years.Before sentencing, US District Judge Lewis Kaplan said: "He knew it was wrong. He knew it was criminal.

Aurobindo Pharma on Thursday said the deadline for negotiations between its arm CuraTeQ Biologics and Merck Sharp & Dohme Singapore for contract manufacturing operations for biologicals has been extended till May next year. Last year in October, CuraTeQ Biologics Pvt Ltd and Merck Sharp & Dohme Singapore Trading Pte Ltd and its affiliates (MSD) had signed a letter of intent (LoI) for contract manufacturing operations (CMO) for biologicals, whereby the parties intended to conclude the negotiations by March 31, 2024. «In this regard, we further inform you that said negotiations are yet to be concluded and the parties to the LoI have agreed to extend the timelines with the intention to conclude the said negotiations by May 31, 2024,» Aurobindo Pharma said in a regulatory filing. As per the LOI, CuraTeQ proposed to serve the US-based biopharmaceutical company through its contract manufacturing subsidiary, TheraNym Biologics Pvt Ltd.

Sam Bankman-Fried, former CEO of defunct crypto exchange FTX, has been sentenced to a 25-year prison sentence related to the fraudulent use of customer funds at the exchange.

NEW YORK — Crypto entrepreneur Sam Bankman-Fried was sentenced Thursday to 25 years in prison for a massive fraud that unravelled with the collapse of FTX, once one of the world’s most popular platforms for exchanging digital currency.

As the countdown to central bank rate cuts continues, what’s in store for the Canadian dollar?

Dali moments before impact," the Foxford Comics’cartoon was captioned on microblogging platform X (formerly known as Twitter). The cartoon also has the audio of people swearing at each other in a strong Indian English accent. But these cartoons were far from reality, The Singapore-flagged ship 'Dali' had actually suffered a "power issue" and issued a distress call moments before the crash, officials said.

The U.S. has imposed sanctions on an online media site called Gaza Now and its founder Mustafa Ayash, for allegedly supporting Hamas

U.S. stocks broke out of a three-day lull and closed at another record high