United States

Job cuts drop 49% in US in June, lowest in 7 months
IANS -
According to the report from career services firm Challenger, Gray & Christmas. US-based employers announced 40,709 cuts in June, down 49 per cent from the 80,089 cuts announced in May.
Retaliatory duty removal on US apples imports not to affect domestic growers, says government
IANS -
The decision will not result in any negative impact on domestic apple producers and will result in competition in premium market segment ensuring better quality at better prices for consumers, Commerce Ministry sources said.After removal of this duty, the apples from the US would compete on level playing field with other countries.
US-India collaboration on DPIs will make us a global digital innovation hub: Nasscom
IANS -
The partnership between the US and India to enable development and deployment of Digital Public Infrastructure (DPI) in developing countries will provide India with an opportunity to solidify its position as a global digital innovation hub, setting an exemplary model for other nations to follow, Nasscom has said.
'This is the moment' to invest in India, Modi tells US biz
IANS -
The Prime Minister said on Friday that this was the clear message from the technology handshake event at the White House earlier in the day in which he and President Joe Biden met leading CEOs from the US and India, which included Google's Sundar Pichai, Microsoft's Satya Nadella, OpenAI's Sam Alt.
US-based Applied Materials plans $400 mn investment in India
IANS -
The announcement came after Gary E. Dickerson, President and CEO of Applied Materials, met Prime Minister Narendra Modi in the US and discussed ways to strengthen the semiconductor ecosystem in India. The centre will be designed to bring together Applied engineers, leading global and domestic suppliers, and top research and academic institutions, enabling them to collaborate in one location with a common goal of accelerating development of semiconductor equipment sub-systems and components.
US securities watchdog declares all-out war against crypto, files 130 lawsuits
IANS -
Binance.com, the world's largest crypto exchange, related entities and founder Changpeng Zhao were the target of the first lawsuit, which was filed on June 5. The next day, on the regulator's 89th birthday, the SEC filed its second suit, now against Coinbase, another large exchange.
SEC actions against crypto exchanges send out clear message: 'Buyers Beware'
IANS -
An analysis of press releases from the U.S. Securities and Exchange Commission (SEC), and news reports on its actions, found that in the six months preceding FTX's collapse, the SEC undertook approximately six enforcement actions. In the six months after FTX's bankruptcy on November 11, 2022.
Number of publicly held companies shrinking in US
IANS -
The count of publicly listed companies traded on US exchanges has fallen substantially from its peak in 1996, CNN reported. Back then, the number exceeded 8,000 companies. Today, that count has dropped by more than 50 per cent to just 3,700, according to data from the Center for Research in Security Prices.
An expected status quo: Monetary Policy review June 2023
IANS -
CPI projection has been brought down to reflect the undershoot versus previous expectations for the current quarter. As per our own current forecasts, there is scope for some downside surprise to RBI's revised CPI forecast for Q2 as well. However, given an evolving monsoon situation, RBI's conservatism may be understandable here.
India, US to form monitoring group to review trade cooperation
IANS -
This was decided during the inaugural meeting of India-US Strategic Trade Dialogue (IUSSTD), which was held in Washington D.C. on Tuesday. The Indian delegation was led by Foreign Secretary Vinay Mohan Kwatra, while the US delegation was co-led by Alan Estevez, the Under Secretary for Industry and Security, and Victoria Nuland, the Under Secretary of State for Political Affairs.
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