Hindenburg shorts Jack Dorsey's payments firm Block; US Federal Reserve raises interest rates a quarter-point amid banking turmoil; Lebanon protests: 'Switzerland Of Middle East' engulfed by the worst economic crisis in decades; Prince William makes surprise trip to Poland border to thank British and Polish troops.
The United Arab Emirates unveils a $544 million fund for repairs following record-breaking rains and widespread flooding. Learn more about the government's response to the aftermath of the historic rainfall and its commitment to supporting affected Emirati families.
#Dubai #DubaiFloods #DubaiRains #DubaiFlood #DubaiNews #UAEFloods #UAERains #UAENews #OmanRains #Oneindia
~PR.274~ED.155~GR.125~HT.96~
Secretary of State Antony Blinken's visit to China focuses on fair treatment for American companies amidst ongoing tensions. Watch to learn more about the latest developments in US-China relations and the challenges facing diplomatic efforts.
#AntonyBlinken #BlinkeninChina #USChinaRelations #ChinaUSTensions #JoeBiden #XiJinping #ChinaRussiaTies #Oneindia
~PR.274~ED.103~GR.122~
President Biden signs historic legislation securing billions in US aid for Ukraine and Israel, reaffirming America's commitment to global security. Despite criticisms over human rights abuses in Gaza, Biden emphasizes the 'ironclad' nature of US support for Israel's defense. Stay informed with the latest developments on international affairs.
#JoeBiden #Israel #Gaza #IsraelHamasWar #IsraelPalestine #IsraelPalestineWar #USPresident #USNews #USAidBill #RussiaUkraineWar #Oneindia
~PR.274~ED.103~GR.125~
Greetings and welcome to the latest edition of International News Wrap, your premier destination for global updates, brought to you exclusively by OneIndia. In today's segment, we present a diverse array of stories ranging from President Biden's imminent signing of the Ukraine aid package to Israel's preparations for civilian evacuation in Rafah. Join us as we delve into the day's most significant international developments, ensuring you stay abreast of the latest events unfolding worldwide.
#Biden #UkraineAid #BipartisanAchievement #Israel #RafahEvacuation #PalestinianRefugees #UkraineRussiaConflict #Drones #CorruptionCase #IranSanctions
~PR.152~ED.103~GR.125~HT.96~##~
Hezbollah launched drone attacks on Israeli bases near Acre in retaliation for the killing of one of its fighters, marking a significant escalation in the conflict. The Israeli military denied any strikes on its facilities. Later, Israeli air raids in southern Lebanon killed civilians, prompting Hezbollah to fire rockets at northern Israel.
#israelhezbollahwar #israelhezbollahnews #israelhezbollahlive #israelhezbollahtoday #israelhezbollahfight #israelhezbollahlatestnews #israelhezbollahwarlatest #israelhezbollahlatest #Oneinda #Oneindia news
~PR.152~ED.103~GR.125~HT.96~
Former Twitter executives, including ex-CEO Parag Agrawal, have filed a lawsuit against tech mogul Elon Musk, seeking over $128 million in combined unpaid severance. The lawsuit, filed on Monday in federal court in San Francisco, is the latest in a string of legal challenges faced by Musk since he acquired the social media giant for $44 billion in October 2022, subsequently renaming it X.
#X #ParagAgrawal #ElonMusk #Twitter
~PR.151~ED.101~GR.125~HT.96~
Fears of Potential Iranian Attack , Drive US Stocks Down , Nearly 500 Points.
CNN reports that United States stocks dropped on
April 12 amid rising tensions in the Middle East pushing
traders to seek safe havens like gold and bonds.
CNN reports that United States stocks dropped on
April 12 amid rising tensions in the Middle East pushing
traders to seek safe havens like gold and bonds.
By mid-afternoon, the Dow had fallen
1.4%, the S&P 500 went down 1.6%,
and the Nasdaq dropped 1.8%.
The dip came after the White House announced
that both the U.S. and Israel are on alert for
a potential attack by Iran or its allies.
The dip came after the White House announced
that both the U.S. and Israel are on alert for
a potential attack by Iran or its allies.
The warning comes after Iran
accused Israel of a deadly airstrike
on a consulate in Damascus, Syria. .
The news also sent oil prices up amid
fears of regional tensions escalating
as a result of the ongoing war in Gaza. .
The news also sent oil prices up amid
fears of regional tensions escalating
as a result of the ongoing war in Gaza. .
Brent crude futures jumped up to $90.42
a barrel, and West Texas Intermediate crude
futures increased to $86.65 a barrel.
Those geopolitical concerns and subsequent
rising oil prices sent investors to safe havens like
gold futures, which rose to $2,379 a troy ounce.
Those geopolitical concerns and subsequent
rising oil prices sent investors to safe havens like
gold futures, which rose to $2,379 a troy ounce.
CNN reports that Americans' opinions of
the economy have dipped in the past few
months amid persistently high inflation.
The geopolitical fears come as investors are already
contending with concerns that the Federal Reserve could
wait to bring interest rates down from a 23-year high.
Officials at the Fed have signaled that further rate
hikes could still be on the way if the central
bank's efforts to fight inflation stall.
Credit: Wibbitz Top Stories Duration: 01:31Published
Federal Reserve Posts Massive, $114 Billion , Loss in 2023.
On March 26, the Federal Reserve
announced a record-breaking net
negative income of $114.3 billion in 2023.
Reuters reports that the loss follows
$58.8 billion in net income in 2022. .
Since releasing the numbers,
the Fed has stressed that negative net
income does not impede its ability to operate.
Since releasing the numbers,
the Fed has stressed that negative net
income does not impede its ability to operate.
As a result of low rates and large
levels of bond holdings, the Fed has
earned significant profits in recent years.
Last year, the Fed's audited interest expenses for
banks' reserve balances reached $176.8 billion,
an increase of over $116 billion from 2022.
In 2023, the Fed's interest payouts from
its reverse repo facility were $104.33 billion,
increased from $41.9 billion the year before.
Reuters reports that the Fed creates funds when
dealing with operating losses, capturing its loss
in an accounting device known as a deferred asset.
Reuters reports that the Fed creates funds when
dealing with operating losses, capturing its loss
in an accounting device known as a deferred asset.
At the close of 2023, the deferred
asset stood at $133.3 billion.
As of March 20 of this year, that number
had risen to $157.8 billion with no
indication of how much larger it could get.
Last year, a St. Louis Fed report forecast that it
could take years before the Fed can return to
profitability and reduce the country's deferred asset.
Last year, a St. Louis Fed report forecast that it
could take years before the Fed can return to
profitability and reduce the country's deferred asset
Credit: Wibbitz Top Stories Duration: 01:30Published
In this Biz Pulse episode, we delve into market updates and the US Federal Reserve's announcement. Indian ADRs witness a decline, while IT stocks garner attention. Equity markets are on an upswing, while gold prices surge. Stay tuned for insights into these trends shaping the financial landscape.
#ADRStocks #ITMarket #StockMarket #Sensex #Nifty #IndianStocks #USStocks #USStockexchange #Businessnews #Worldnews #Oneindia #Oneindianews
~HT.178~PR.282~ED.101~GR.124~
Experts Say Fed's , Rate Hikes Could Impact , Housing Market for Decades.
Yahoo Finance reports that the housing market
has been showing signs of bouncing back as
this year's spring home-buying season begins.
For the second week in a row, mortgage rates
fell, reaching the lowest level in over a month. .
According to Freddie Mac, the average rate
on a 30-year fixed mortgage dropped to
6.74% from 6.88% the week before.
At the same time, supply is also
starting to rebound, with new listings
hitting a 17-month high in February. .
Despite the improvement, experts warn
that the Fed's aggressive rate-hiking campaign could
have long-lasting side effects on the housing market.
Despite the improvement, experts warn
that the Fed's aggressive rate-hiking campaign could
have long-lasting side effects on the housing market.
According to economist Gary Shilling, the Fed's
campaign has created a "perfect storm,"
with higher rates causing would-be
home sellers to put their plans on hold. .
It won't continue
indefinitely, but it certainly
is disruptive right now, Gary Shilling, Economist, via Yahoo Finance.
Redfin CEO Glenn Kelman shared similar views on the future of the housing market, warning it could take decades to move beyond the impact of the Fed's efforts.
Redfin CEO Glenn Kelman shared similar views on the future of the housing market, warning it could take decades to move beyond the impact of the Fed's efforts.
There's going to be low
supply for a long time to
come. What the Fed did…
will have a 30-year tail on it, Glenn Kelman, Redfin CEO, via Yahoo Finance.
Yahoo Finance reports that mortgage rates may be
unlikely to fall much further in the near term, meaning
that a more substantial rebound may still be far off.
Credit: Wibbitz Top Stories Duration: 01:30Published
Data Shows , US Wages Falling , at a 'Striking' Pace.
Fox News reports that wage growth
in the United States has slowed
significantly over the past year. .
According to new data from Indeed,
wage growth is beginning
to near pre-pandemic levels. .
Indeed's wage tracker showed that salaries have had
a marked drop since January 2022, suggesting that
employers are seeing less competition for new hires.
The pace of deceleration
is striking. Posted wage growth
has fallen by almost 3 percentage
points over the past year, Nick Bunker, Indeed labor economist, via Fox News.
Fox News reports that the most pronounced
deceleration was found in low-wage sectors. .
Given the huge run-up in posted
wages for those sectors, wage growth
is still above its pre-pandemic pace.
How long this will last is uncertain, Nick Bunker, Indeed labor economist, via Fox News.
After remaining historically tight throughout the last
year, the labor market is expected to continue slowing
in the coming months amid elevated interest rates.
Since March of 2022, the Federal Reserve has increased interest rates 11 times in an attempt to slow down inflation and cool the labor market.
Since March of 2022, the Federal Reserve has increased interest rates 11 times in an attempt to slow down inflation and cool the labor market.
In 2024, there have already been a number of significant layoffs, with major companies like Alphabet, Amazon and Citigroup cutting jobs. .
In 2024, there have already been a number of significant layoffs, with major companies like Alphabet, Amazon and Citigroup cutting jobs. .
In 2024, there have already been a number of significant layoffs, with major companies like Alphabet, Amazon and Citigroup cutting jobs. .
Despite this, job growth has
remained resilient, with employers
adding 275,000 jobs in February. .
At the same time, Labor Department
data shows that the unemployment
rate for the month also rose to 3.9%.
Credit: Wibbitz Top Stories Duration: 01:31Published
Hezbollah launched numerous Katyusha rockets at an Israeli army headquarters in northern Israel, retaliating against alleged Israeli incursions into southern Lebanese territories. The Israeli military swiftly responded, targeting the sources of the attack. Tensions between Israel and Iran have escalated, with Tehran warning of a harsher response to any further Israeli provocations.
#hezbollahisrael #hezbollahisraelwar #hezbollahisraelnews #hezbollahisraellatestnews #hezbollahisraelattack #hezbollahisraellive #Worldnews #Oneinda #Oneindia news
~PR.152~ED.101~GR.123~HT.318~
Israel's Military Intelligence Chief , Resigns After October 7 Attack.
On April 22, the head of Israel's military
intelligence said he would step down after
failing to prevent the October 7 Hamas attack.
Associated Press reports that the announcement makes
Major General Aharon Haliva the first senior figure to
resign in the wake of the deadliest attack in Israel's history.
Associated Press reports that the announcement makes
Major General Aharon Haliva the first senior figure to
resign in the wake of the deadliest attack in Israel's history.
The intelligence directorate
under my command did not live up
to the task we were entrusted with, Major General Aharon Haliva, via Associated Press.
I carry that black day with me ever
since, day after day, night after night.
I will carry the horrible pain of
the war with me forever, Major General Aharon Haliva, via Associated Press.
AP points out that resignations by
security and military officials have been
stalled by numerous Israeli conflicts.
In addition to the ongoing war in Gaza, Israel faces
conflict with both the Lebanese militant group
Hezbollah and Iran, engaging in multiple fronts.
In addition to the ongoing war in Gaza, Israel faces
conflict with both the Lebanese militant group
Hezbollah and Iran, engaging in multiple fronts.
Following the October 7 Hamas attack, Haliva and
other leaders publicly shouldered the blame for not
being able to prevent or react to the unexpected attack. .
Following the October 7 Hamas attack, Haliva and
other leaders publicly shouldered the blame for not
being able to prevent or react to the unexpected attack. .
Other leaders, including Prime Minister
Benjamin Netanyahu, have refused to
acknowledge direct responsibility or
step down, despite growing protests.
Other leaders, including Prime Minister
Benjamin Netanyahu, have refused to
acknowledge direct responsibility or
step down, despite growing protests.
Havila's resignation came as the Jewish faith prepares
to celebrate Passover, a major holiday that begins on
April 22 and marks the biblical exodus of Jews from Egypt. .
Havila's resignation came as the Jewish faith prepares
to celebrate Passover, a major holiday that begins on
April 22 and marks the biblical exodus of Jews from Egypt. .
The October 7 attack sparked the ongoing war in Gaza,
which has already killed over 34,000 Palestinians
and displaced an estimated 80% of the population. .
The October 7 attack sparked the ongoing war in Gaza,
which has already killed over 34,000 Palestinians
and displaced an estimated 80% of the population.
Credit: Wibbitz Top Stories Duration: 01:31Published
The UN Special Coordinator for Lebanon has told Sky News the dangers in the region have not gone away and called for calm, wisdom and de-escalation as a matter.. Sky News
Rishi Sunak visits Germany, the day after announcing in Poland that the UK will spend 2.5% of GDP on defence by 2030. The prime minister assures officers of the pride and gratitude shared by allies who are all excited to work alongside them. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Rishi Sunak visits Germany, the day after announcing in Poland that the UK will spend 2.5% of GDP on defence by 2030. The prime minister is welcomed with military honours by Chancellor Olaf Scholz in the country's capital. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Rishi Sunak has arrived in Berlin where he is set to meet German Chancellor Olaf Scholz for talks on Wednesday. The topics of the meeting at the Chancellery will include mutual relations, the Russian war against Ukraine and the situation in the Middle East. It comes as Rishi Sunak met in Warsaw, Poland, on Tuesday with Prime Minister Donald Tusk and Nato Secretary General Jens Stoltenberg to discuss security.
Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Prime Minister Rishi Sunak has hailed the UK's relationship with Poland, telling his Polish counterpart Donald Tusk they were 'allies for the long term'. Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Rishi Sunak and Defence Secretary Grant Shapps have visited the Warsaw Armoured Brigade where they met British soldiers - including one of the prime minister's own constituents. Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Kate Middleton, the Princess of Wales, revealed her ongoing chemotherapy for cancer after a mysterious absence post-surgery. Expressing gratitude for support, she disclosed that cancer was discovered post-operation, necessitating preventive chemotherapy. Alongside Prince William, they aim to shield their children from the ordeal.
#KateMiddleton #PrincessofWales #Chemotherapy #PrinceWilliams #RoyalFamily #Mothersday #Middleton #Uknews #KingCharles #Worldnews #Oneindia #Oneindianews
~ED.194~
Where in the world is Kate Middleton? Rumors about the royal's health, whereabouts and photo editing skills are top of everyone's mind as of late and now a second doctored image is coming into question. After the headline making photoshop fail on Britain's Mother's Day, Middleton was reportedly finally seen walking alongside her husband, Prince William, near Windsor Castle in footage shot over the weekend and verified by TMZ. However, many remain skeptical on if this is in fact the royal as the Palace has yet to verify or comment on the validity of the video. Now speculation around the royal has moved to a second image she shared that was deemed to have been altered.
Credit: The Hollywood Reporter Duration: 02:43Published
The Supreme Court on Thursday formed an expert committee to probe the Adani – Hindenburg case and has directed to submit its report in two months.
#SC #Adani #Hinderburg
![Dubai Floods: UAE Allocates $544 Million for Repairs After Record Rains | Oneindia News [Video]](https://video.newsserve.net/300/v/20240425/1373699906-Dubai-Floods-UAE-Allocates-544-Million-for-Repairs.jpg)
![U.S.-China Relations: Key Highlights of Antony Blinken's Crucial Visit | Oneindia News [Video]](https://video.newsserve.net/300/v/20240425/1373699262-China-Relations-Key-Highlights-of-Antony.jpg)
![U.S. President Joe Biden Signs Landmark Aid Bill for Ukraine, Israel, Gaza | Oneindia News [Video]](https://video.newsserve.net/300/v/20240425/1373692254-President-Joe-Biden-Signs-Landmark-Aid.jpg)
![International News Wrap EP 6: Biden’s Ukraine aid package, Israel Rafah assault and more | Oneindia [Video]](https://video.newsserve.net/300/v/20240424/1373631662-International-News-Wrap-EP-Biden-Ukraine.jpg)
![Hezbollah Strikes Deep Inside Israeli City of Acre, IDF Thwarts Majority of Drones| Oneindia News [Video]](https://video.newsserve.net/300/v/20240424/1373616712-Hezbollah-Strikes-Deep-Inside-Israeli-City-of-Acre.jpg)
![Elon Musk sued by ex-Twitter executives including Parag Agarwal for $128 million | Oneindia News [Video]](https://video.newsserve.net/300/v/20240305/1367748476-Elon-Musk-sued-by-ex-Twitter-executives-including.jpg)
![Fears of Potential Iranian Attack Drive US Stocks Down Nearly 500 Points [Video]](https://video.newsserve.net/300/v/20240412/1372522960-Fears-of-Potential-Iranian-Attack-Drive-US-Stocks.jpg)
![Federal Reserve Posts Massive $114 Billion Loss in 2023 [Video]](https://video.newsserve.net/300/v/20240327/1371091068-Federal-Reserve-Posts-Massive-114-Billion-Loss-in.jpg)
![Biz Pulse: Upward Trend in Equity Markets, US Federal Reserve Announcement and Gold Price| Oneindia [Video]](https://video.newsserve.net/300/v/20240322/1370292644-Biz-Pulse-Upward-Trend-in-Equity-Markets-US.jpg)
![Experts Say Fed's Rate Hikes Could Impact Housing Market for Decades [Video]](https://video.newsserve.net/300/v/20240319/1369555822-Experts-Say-Fed-Rate-Hikes-Could-Impact.jpg)
![Data Shows US Wages Falling at a 'Striking' Pace [Video]](https://video.newsserve.net/300/v/20240319/1369527240-Data-Shows-US-Wages-Falling-at-Striking.jpg)
![Hezbollah Strikes Israeli Army HQ in Southern Israel with Katyusha Rockets, Details Here| Oneindia [Video]](https://video.newsserve.net/300/v/20240423/1373491106-Hezbollah-Strikes-Israeli-Army-HQ-in-Southern-Israel.jpg)
![Israel's Military Intelligence Chief Resigns After October 7 Attack [Video]](https://video.newsserve.net/300/v/20240422/1373469882-Israel-Military-Intelligence-Chief-Resigns-After-October.jpg)
![PM Rishi Sunak meets troops stationed in Germany [Video]](https://video.newsserve.net/300/v/20240424/1373618674-PM-Rishi-Sunak-meets-troops-stationed-in-Germany.jpg)
![Rishi Sunak meets Chancellor Olaf Scholz in Berlin [Video]](https://video.newsserve.net/300/v/20240424/1373619092-Rishi-Sunak-meets-Chancellor-Olaf-Scholz-in-Berlin.jpg)
![Rishi Sunak arrives in Berlin to meet German Chancellor [Video]](https://video.newsserve.net/300/v/20240423/1373568112-Rishi-Sunak-arrives-in-Berlin-to-meet-German.jpg)
![PM: Poland and the UK are allies for the long term [Video]](https://video.newsserve.net/300/v/20240423/1373550800-PM-Poland-and-the-UK-are-allies-for.jpg)
![PM and Shapps meet British soldiers in Poland [Video]](https://video.newsserve.net/300/v/20240423/1373549112-PM-and-Shapps-meet-British-soldiers-in-Poland.jpg)
![Kate Middleton, Princess of Wales, Confirms Cancer Diagnosis and Chemotherapy Treatment | OneIndia [Video]](https://video.newsserve.net/300/v/20240323/1370397904-Kate-Middleton-Princess-of-Wales-Confirms-Cancer-Diagnosis.jpg)
![Kate Middleton Health Rumors Continue, Second Image Flagged as Edited | THR News Video [Video]](https://video.newsserve.net/300/v/20240320/1369842996-Kate-Middleton-Health-Rumors-Continue-Second-Image-Flagged.jpg)
![SC comprises expert committee to probe Adani – Hindenburg episode | Oneindia News [Video]](https://video.newsserve.net/300/v/20230302/1349054269-SC-comprises-expert-committee-to-probe-Adani.jpg)
