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Price of engineered-wood siding soars 38%, fueling earnings beat for LP Building
LP Building’s stock took flight Wednesday toward a fresh record close, after the wood building products maker beat first-quarter earnings expectations and raised its full-year outlook.
Crude Oil Price Fell Further on Growing Demand Concerns
WTI oil price fell in early Wednesday as unexpected rise in US crude inventories further soured the sentiment on rising demand concerns. Fresh weakness emerged below the base of rising daily Ichimoku cloud and broke through pivots at $78.16 and $77.66 (100DMA / 50%...
CME Group registers several records across U.S. Crude Oil futures
International derivatives marketplace CME Group today announced that trading in its U.S. Crude Grade futures, which are Argus-settled and trade as a differential to the global benchmark WTI Crude Oil futures, reached several records in April 2024: Record ADV of 17.8K...
Swiss National Bank exploring ways to tokenise financial assets, ET BFSI
ZURICH, - The Swiss National Bank is examining the best way that financial assets can be digitally tokenised as a way of making payments more secure and efficient, Chairman Thomas Jordan said on Monday.Jordan said central banks needed to decide how best to engage in...
Credit scores got ‘artificially higher’ during COVID. Now many borrowers can’t pay their debts.
Pandemic-era policies appear to have produced “artificially higher” consumer credit scores, according to Columbia Threadneedle.
WTI oil futures restart downtrend
WTI oil futures fall to two-month low on rising US stockpiles Short-term risk bearish, but market could be oversold A clear close below 77.44 could activate fresh selling WTI oil futures slid to a two-month low of 76.99 on Wednesday after their continuous attempts to...
Applebee’s owner Dine Brands targets fast food customers
Applebee's and IHOP owner Dine Brands thinks its deals can lure away fast-food customers who have grown frustrated with menu prices.The company reported first-quarter earnings that fell short of Wall Street's estimates, and both Applebee's and IHOP's same-store sales...
Jackpot! Slot-machine gamblers could keep more of their winnings from IRS scrutiny under proposed rule
Gamblers who play slot machines may soon be able to win more money before the Internal Revenue Service takes notice — and it could be the recent stretch of hot inflation that melts away some longstanding rules around gambling and taxes.
Exclusive: Prospero Markets liquidators expect full recovery of $19M client funds
FNG Exclusive… FNG has learned that BRI Ferrier, the appointed administrator and liquidator of (formerly) ASIC licensed Retail FX and CFDs broker Prospero Markets, has filed an initial report for clients and creditors indicating that its preliminary investigations...
Indian Bank to focus on mid-corporate business, BFSI News, ET BFSI
CHENNAI: Public sector Indian Bank will focus on the mid-corporate business and looks at 15% growth in the segment in FY25. The portfolio in this segment stood at Rs 41,000 crore in the end of FY24 against Rs 33,661 crore in FY23.Indian Bank MD & CEO S L Jain told...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0739; (P) 1.0764; (R1) 1.0779; More… Intraday bias in EUR/USD stays neutral for the moment. More consolidations could be seen below 1.0810. Further rally is expected as long as 55 4H EMA (now at 1.0731) holds. On the upside, above 1.0810 will...
Apple’s walled ecosystem is under pressure in Europe, but revenue is still protected
Apple is astutely guarding its proprietary golden goose.
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2481; (P) 1.2528; (R1) 1.2554; More… Intraday bias in GBP/USD stays neutral at this point. Further rally is in favor with 1.2471 support intact. On the upside, above 1.2633 will resume the rebound from 1.2298 to 1.2708 resistance next. However,...
Citi makes strategic minority investment in Cicada
Citi has made a strategic minority investment in Cicada Technologies Inc. The investment was made by Citi’s Markets Strategic Investments unit, which is responsible for the sourcing and execution of strategic investments relevant to Citi’s Markets franchise. Citi will...
‘Fresh capital infusion gives flexibility for expansion over 1.5 years’: Grihum MD&CEO, ET BFSI
Manish Jaiswal, the MD&CEO of Grihum Housing Finance Grihum Housing Finance, the erstwhile Poonawalla Housing Finance, has registered the highest ever yearly Profit After Tax (PAT) of Rs 140 crore, jumping 21% YoY and Rs 46 crore for Q4, up by 24% QoQ.Further,...
Two more reasons for Victoria’s Secret’s troubles? Kim Kardashian and Rihanna, analyst suggests.
Analysts are worried about Victoria’s Secret losing market share — potentially to brands from celebrities like Kim Kardashian and Rihanna — and cutting prices in an effort to spur demand.
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.9061; (P) 0.9078; (R1) 0.9100; More…. No change in USD/CHF’s outlook as intraday bias stays neutral. Further decline is in favor as long as 55 4H EMA (now at 0.9099) holds. On the downside, break of 0.9005 and sustained trading below 55 D EMA (now...
U.S. prosecutors are examining whether Tesla committed securities or wire fraud in Autopilot probe: Reuters
Prosecutors are reviewing whether Telsa or CEO Elon Musk told consumers that self-driving technology means cars can drive themselves.
Former MGM Grand casino president to be sentenced over illegal bets
Resorts World Las Vegas President Scott Sibella speaks during the opening of Resorts World Las Vegas on June 24, 2021 in Las Vegas, Nevada. Ethan Miller | Getty ImagesThe former president of the MGM Grand casino in Las Vegas is set to be sentenced Wednesday afternoon...
Japanese yen weakens despite government warnings :: InvestMacro
By RoboForex Analytical DepartmentThe USD/JPY pair is on the rise again this Wednesday, recovering more than half of its previous losses despite ongoing warnings from Japanese authorities about sharp fluctuations in the yen. Finance Minister Shunichi Suzuki reiterated...
US Fed issues enforcement action with First Citizens Bank Of Butte -statement, ET BFSI
WASHINGTON, - The U.S. Federal Reserve Board has issued an enforcement action with First Citizens Bank of Butte in Montana, the board said in a statement on Tuesday.The enforcement action addresses issues with board management, anti-money laundering and suspicious...
Boeing’s Starliner launch pushed back to May 17 for first crewed mission
The historic first crewed launch of Boeing Co.’s Starliner spacecraft will take place no earlier than May 17, after Monday’s launch attempt was scrubbed two hours before takeoff.
Sunset Market Commentary – Action Forex
Markets In yet another dull trading day the weak SEK (cf. below) and JPY stand out. The yen is not impressed by Ueda ramping up warnings. It began in Asian dealings, where the BoJ governor said that a policy response (i.e. rate hike) could be needed depending on the...
Swissquote shareholders approve all motions at 2024 General Meeting
Gland, Switzerland based online banking and trading company Swissquote (SWX:SQN) has announced that at today’s ordinary General Meeting, its shareholders voted in favour of all motions proposed by the company’s Board of Directors. In particular, the shareholders...
Shopify’s stock slides 19% after company swings to quarterly loss
Shopify is expecting its gross margin to shrink by 50 basis points in the second quarter.
CEO, BFSI News, ET BFSI
Rebello said that the company has started centralising operations in the last six months to overcome the challenges of decentralised operations - how it was structured historically. Updated On May 8, 2024 at 08:38 AM IST Mumbai: Mahindra & Mahindra Financial...
US Indices Heading Towards Highs
US indices have been gaining daily since the beginning of May. They have found strength amid relatively weak job reports and quite upbeat quarterly earnings. The S&P500 and Nasdaq100 indices are just 1.5% below the all-time highs set in March. The market downturn...
Tether Invests in CityPay.io to Enhance Payment Solutions in Eastern Europe
Tether Operations Limited, the prominent stablecoin player in the digital asset industry, has announced an additional investment in CityPay.io. This strategic partnership aims to accelerate the adoption of cryptocurrency and introduce...
Angry shoppers are fighting back against inflation — even the wealthy ones. Companies are feeling it.
“Let’s stop buying from these jokers,” one consumer said. “I bet they reduce these prices real quick.”
ECB’s Wunsch sees path to start rate cut, but not preset course of action
Speaking in Frankfurt, ECB Governing Council member Pierre Wunsch indicated the even though the outlook remains “foggy”, he saw a “path for initiating rate cuts this year.” He added that the upcoming June meeting would provide clearer insights into wage and service...
What’s in a VIN? How to decode the vehicle identification number, your car’s unique fingerprint :: InvestMacro
By Jordan Frith, Clemson University Every vehicle built after 1981 has a unique vehicle identification number, or VIN. The location of this string of letters and numbers varies, but it’s located somewhere on every car, SUV, motorcycle and truck – typically on a small...
Indian lenders to appeal cenbank’s tough project finance proposal, sources say, ET BFSI
By Ira Dugal and Siddhi NayakMUMBAI -Indian lenders will appeal against a central bank proposal to tighten rules for infrastructure project loans, according to a banker and a source familiar with the matter.The Indian Banks Association (IBA) is gathering inputs and...
Don’t even think about renting in NYC or Boston unless you make well over $100,000 a year
A new Zillow report reveals exactly how much annual income someone needs to comfortably pay the exorbitant housing costs in the Big Apple and other major cities.
April CPI Preview: The Clock Is Ticking for a September Cut
Summary A string of uncomfortably-hot inflation readings in the first quarter leaves a narrow window for inflation to downshift before a late summer rate cut by the Federal Open Market Committee (FOMC) is no longer on the table. We expect the April CPI report to...
Icahn Enterprises says it will keep paying its $1 quarterly dividend
Carl Icahn’s investing arm narrowed its loss in the first quarter even as revenue fell.
David Fineberg, Albert Soleiman acquire more CMC Markets shares
CMC Markets Plc (LON:CMCX), a global provider of online trading and platform technology, today announced transactions in its shares by members of its top management. David John Fineberg, deputy CEO of CMC Markets, and Albert Soleiman, CFO of the broker, acquired...
Japanese financial company SMFG to invest Rs 1.3k crore in Indian arm, ET BFSI
Mumbai: Japan's Sumitomo Mitsui Financial Group (SMFG) has invested Rs 1,300 crore in its Indian arm through a rights issue.SMFG India Credit (formerly Fullerton India Credit), in turn, has invested Rs 150 crore in its wholly-owned subsidiary SMFG India Home Finance....
ECB’s Holzmann decisively against quick and strong interest rate cuts
In an interview published today, ECB Governing Council member Robert Holzmann indicated that while he is open to rate cut in June, “I see absolutely no reason for us to cut key interest rates too quickly, too strongly,” he said. Holzmann also acknowledged the...
Snap takes advantage of recent stock surge to sell convertible debt
Snap’s stock pulled back Wednesday after the parent of the video-messaging app Snapchat planned to take advantage of the recent runup in its stock price to sell convertible debt.
Agoa’s winners, losers and what should come next :: InvestMacro
The African Growth and Opportunity Act (Agoa) is a landmark piece of trade legislation enacted by the United States in 2000. Its goal is to promote economic growth, development and poverty reduction in sub-Saharan Africa by providing qualifying countries with...
RBI Governor meets UPI stakeholders to discuss expansion potential, ET BFSI
The Reserve Bank of India (RBI) Governor, Shaktikanta Das, held a meeting on Wednesday with the major stakeholders in the UPI ecosystem such as Banks, National Payments Corporation of India (NPCI), Third Party Application Providers and Technology Service Providers....
PSBs’ spreads between lending and deposits rates hit 10-year low of 2.28%, ET BFSI
The spreads, or the difference between lending and deposit rates, for Public Sector Banks (PSBs) reached a new 10-year low of 2.28%, while Private Banks (PVBs) maintained a relatively higher spread of 3.81% compared to PSBs.In March 2024, India's Scheduled Commercial...
Intel’s stock drops after U.S. revokes licenses for exports to China customer
Intel’s stock took a hit Wednesday after the semiconductor giant disclosed that a U.S. government ruling will stop the export of some of the company’s products to a customer in China.
German Industrial Production Slide Brings Closer ECB’s Rate Cut
German industrial production continues to decline. The rate of contraction in March was slightly better than the average forecasts but maintained the downward trend. The index of industrial production fell by 0.4% in March and by 3.3% y/y, having lost in annual terms...
Georgia appeals court will hear Trump bid to disqualify D.A. Fani Willis in election case
Fani Willis, the district attorney of Fulton County, Georgia, photographed on Sept. 20, 2022, and former President Donald Trump, photographed on Aug. 8, 2023.Scott Eisen | Getty ImagesA Georgia appeals court Wednesday agreed to hear a bid by Donald Trump to disqualify...
Affirm’s upbeat earnings reflect differentiated buy-now-pay-later approach
Affirm, the buy-now-pay-later company, issued upbeat results and guidance.
TradingView adds back-adjustment of previous contracts and tracking of OI for HNX futures
TradingView has introduced two new features to enhance trading experience: back-adjustment of previous contracts and tracking of Open Interest for the futures of the Hanoi stock exchange (HNX). One of the challenges in futures trading is managing the transition...
EU seeks information from X on content moderation amid DSA probe
Elon Musk, CEO of Tesla and owner of social media site X, formerly known as Twitter, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition center in Paris, France, on June 16, 2023.Gonzalo Fuentes |...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 154.11; (P) 154.43; (R1) 155.01; More… Intraday bias in USD/JPY remains mildly on the upside at this point. Rebound from 151.86 is seen as the second leg of the corrective pattern from 160.20 high. Further rise would be seen to 157.98 resistance. On...
Waaree Energies, Ecofy partner to offer finance for solar rooftop projects, ET BFSI
New Delhi, Waaree Energies on Wednesday said it has partnered with Ecofy to provide financing solutions for installation of solar rooftop projects. "Ecofy is committing Rs 100 crore into the partnership, showcasing confidence in Waaree's capabilities and the renewable...
A Premier Crypto Exchange Tailored for Seasoned Traders – Blockchain News, Opinion, TV and Jobs
Revolut, the London-based digital banking behemoth boasting over 40 million customers worldwide, has officially launched its much-anticipated Revolut X crypto exchange platform, marking a significant stride into the competitive landscape of cryptocurrency trading. In...
Monster Beverage launches $3 billion stock buyback
Beverage company’s chief executive may sell up to about $33 million of stock to provide “flexibility.”
Shopify shares plunge 18% on weak guidance
The corporate logo of e-commerce company Shopify hangs at the building that contains the offices of Shopify Commerce Germany GmbH on August 08, 2022 in Berlin, Germany. Sean Gallup | Getty ImagesShopify reported first-quarter earnings and sales on Wednesday that were...
Dollar Making Progress in Quiet Markets, Yen Weakening Further
The financial markets are relatively quiet entering into US session. Despite a significant downturn in Japanese equities earlier, European markets have remained resilient, with major indices post modest gains. In the commodities sector, oil prices continue their near...
Golden cross on the horizon? :: InvestMacro
USDSEK jumps on Riksbank cutCurrency pair in megaphone patternKey point of reference at golden 161.8 Fib levelPotential golden cross on horizonOther key levels at 11.0678 and 10.8333The USDSEK punched above 10.9 on Wednesday after Sweden’s central bank cut rates for...
These are the potential ‘shock’ scenarios around next week’s inflation data, says Goldman Sachs
Next week’s CPI data could “shock” the market in a couple of ways, cautions Goldman Sachs.
Profit jumps 18% YoY to Rs 3,757 crore; NII rises 11%, ET BFSI
Canara Bank on Wednesday posted 18% growth in its standalone net profit at Rs 3,757 crore for the quarter ended March 2024. The same stood at Rs 3,174 crore in the last year period.Net interest income (NII) for the reporting quarter increased 11% year-on-year (YoY) to...
World Bank India chief, ET BFSI
World Bank’s Country Director for India, Dr Auguste Tano KouaméThe World Bank’s Country Director for India, Dr Auguste Tano Kouamé, on Wednesday said that for the 8% growth rate for India, there is a need for increase in the private investment apart from the public...
In Tesla Autopilot probe, U.S. prosecutors focus on securities, wire fraud, Reuters reports
A Tesla car charges up at a Tesla Supercharger on May 02, 2024 in Petaluma, California. Justin Sullivan | Getty ImagesU.S. prosecutors are examining whether Tesla committed securities or wire fraud by misleading investors and consumers about its electric vehicles'...
Canadian Dollar Slips Despite Strong Ivey PMI
USD/CAD has edged higher on Wednesday and is up 0.25%, trading at 1.3760 at the time of writing. Canada’s Ivey PMI climbed sharply in April to 63.0, up from 57.5 in March and beating the forecast of 58.1. This marked the highest level since May 2022, indicating that...
HKMA Forms “Project Ensemble Architecture Community” to Shape Tokenization Standards
In order to make a substantial contribution to the development of the tokenization market in Hong Kong, the Hong Kong Monetary Authority (HKMA) has established the "Project Ensemble Architecture Community." Through the development of...
Virgin Galactic’s better-than-expected cash burn a positive sign, says KeyBanc
Virgin Galactic Holdings Inc. gave an update on its closely-monitored cash position when it reported its first-quarter results after the bell Tuesday, with the company’s cash burn, in particular, attracting attention.
Suzuki Akihiko joins Finalto Asia as Head of Japan Markets
Finalto Asia Pte Ltd, a leading global financial trading solutions provider, has announced the appointment of Suzuki Akihiko as the Head of Japan Markets, effective immediately. With an illustrious career spanning over two decades in the financial sector, Suzuki...
RBI asks NBFCs to stick to loan cash payout limit of Rs 20,000, ET BFSI
India's central bank has asked non-bank finance companies (NBFC) to strictly adhere to a cap of 20,000 rupees ($240) in cash loans, according to a letter seen by Reuters and two people aware of the development, in a bid to deter cash transactions."Please refer to...
Movie slate lacks franchise hits
Ryan Gosling stars in Universal's "The Fall Guy."UniversalFor the first time since 2009, the box office doesn't have a Marvel film to kick off the summer movie season — and it shows.Since the 2008 release of "Iron Man," Marvel Cinematic Universe films have...
WTI crude trends downward amid revised EIA supply and demand forecasts
WTI crude oil is extending its near term decline today on expectation of higher production and lower demand ahead. If WTI cannot reclaim 80 mark in short term, there is prospect of downside acceleration through 70 next. In its latest report, the US Energy Information...
Applebee’s, IHOP parent has rare profit miss as consumers remain price sensitive
Stock falls premarket as same-restaurant sales for both Applebee’s and IHOP chains fell more than expected.
Democratic Party of Korea Pushes for Reconsideration of Spot Bitcoin ETFs
In order to execute the promise it made during the campaign to enable spot Bitcoin exchange-traded funds (ETFs) with underlying virtual assets in the nation, the Democratic Party of Korea is now pursuing the necessary next measures. By...
Oil prices are rising amid rumors of increased production by OPEC countries. European indices are growing amid the “dovish” position of the ECB :: InvestMacro
By JustMarketsThe US stock indices traded mixed on Tuesday. The Dow Jones Index (US30) rose by 0.08%, while the S&P 500 Index (US500) gained 0.13%. The NASDAQ Technology Index (US100) closed negative 0.10% yesterday. Minneapolis Fed President Kashkari’s comments...
Oil prices slump after industry data shows rise in U.S. crude inventories
Oil futures traded lower after industry data showed a rise in U.S. crude and product inventories.
EURJPY Flirts With 167.00 Again
EURJPY recoups previous losses Rebounds off ascending trend line Surpasses short-term SMAs Oscillators gain momentum EURJPY is flirting with the 167.00 round number after the bounce off the long-term rising trend line and the 164.00 handle. The pair has been...
Earn up to 8.75% interest rate; check list of revised fixed deposit rates, ET BFSI
RBL Bank FD rates: RBL Bank has updated its fixed deposit (FD) interest rates for amounts below Rs 2 crore, effective from May 1, 2024. These revised rates could benefit a range of investors, including senior citizens and super senior citizens.Top interest rate: 8.75%...
Uber (UBER) Q1 2024 earnings
Dara Khosrowshahi, CEO of Uber, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024.Adam Galici | CNBCUber reported first-quarter results on Wednesday that came in slightly above analysts' estimates for...
Here’s an investment strategy geared to give you a smooth ride down Wall Street
Why slow and steady really does win the race.
EUR/GBP Daily Outlook – Action Forex
Daily Pivots: (S1) 0.8575; (P) 0.8587; (R1) 0.8611; More… EUR/GBP’s break of 0.8582 resistance suggests that fall from 0.8643 has completed at 0.8529. Intraday bias is back on the upside for 0.8643 resistance. Firm break there will resume the choppy rebound from...
Trump classified documents trial in Florida postponed indefinitely
Republican presidential candidate and former U.S. President Donald Trump gestures while he walks with his attorney Todd Blanche, as his criminal trial over charges that he falsified business records to conceal money paid to silence porn star Stormy Daniels in 2016...
Tradu launches crypto exchange – FX News Group
Multi-asset trading platform Tradu has launched a new crypto exchange. From today, crypto traders can securely invest in over 40 coins including Bitcoin and Ethereum via Tradu’s trading platform. Tradu is part of Stratos Group International, LLC, a wholly owned...
22KT, 18KT, 14KT gold price today from Indian Bullion and Jewellers Association (IBJA), ET BFSI
The price of gold varies every day due to factors that affect the demand and supply of the precious metal. Investors prefer to invest in gold when there is recessionary pressure in the economy. Indians usually also buy gold for weddings or on auspicious days like...
How RBI is easing banking liquidity amid election slowdown in govt spending, ET BFSI
The Reserve Bank of India (RBI) is taking steps to address liquidity constraints within the banking system, as the ongoing 2024 national elections, spanning over six weeks, have led to a slowdown in government spending despite robust tax collections.With voting...
Toyota profit surges amid hybrid demand as BMW sees net income slump
Toyota said a combination of higher sales and stronger margins saw it more than double its profits in the first quarter of 2024, as its rival BMW saw its profits slump
The Crypto Comeback: How Businesses are Cashing in on the Digital Goldrush
The cryptocurrency market has enjoyed a bullish last few months. Bitcoin, the first and most well-known cryptocurrency, has captured headlines with its sustained price rises. But cryptocurrencies are more than just investments for...
Most customers of crypto firm will get all money back
Sam Bankman-Fried, co-founder of FTX Cryptocurrency Derivatives Exchange, arrives at court in New York, US, on Thursday, Feb. 16, 2023.Yuki Iwamura | Bloomberg | Getty ImagesAlmost all customers of collapsed cryptocurrency exchange FTX will get their money back — and...
EUR/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 165.82; (P) 166.19; (R1) 166.73; More… EUR/JPY’s break of 55 4H EMA (now at 166.14) suggests that pull back from 171.58 has completed at 164.01 already. Rebound from there is seen as the second leg of the corrective pattern. Intraday bias is back on...
HK regulator warns public of Quantum AI
The Securities and Futures Commission (SFC) of Hong Kong today warned the public of suspected virtual asset-related fraud involving an entity operating under the name of “Quantum AI”. Quantum AI claims to provide cryptocurrency trading services with its underlying...
China rally has further room to run, Bank of America options analysts say
The rally in Chinese stocks may have legs because options traders have yet to chase it, say analysts at Bank of America.
Biden to unveil $3.3 billion Microsoft AI investment in battleground Wisconsin
Construction at Foxconn complex in Mt. Pleasant, Wisconsin in August 2020.Brian Snyder | ReutersPresident Joe Biden will visit the political battleground state of Wisconsin on Wednesday to announce plans by Microsoft Corp to build a $3.3 billion high-tech data center...
Muthoot Microfin looking to raise $50 million in ECB, BFSI News, ET BFSI
Kolkata: Muthoot Microfin, the microfinance arm of Kerala-based financial services group Muthoot Pappachan Group, is looking to raise $50 million in external commercial borrowing (ECB) in a bid to diversify fund sources and elongate the liability profile.“We are in...
RBI’s latest norms may derail Modi govt’s flagship economy driver, ET BFSI
A wary Reserve Bank of India will likely enforce a rule that could dampen the spirits of India’s capital expenditure momentum, a highlight of the Narendra Modi government’s tenure at the Centre.RBI has issued draft guidelines asking lenders in India to increase their...
Crypto Whale Withdraws $75.8 Million in USDC From Coinbase To Invest In Ethereum’s Biggest Presale – Blockchain News, Opinion, TV and Jobs
A crypto whale has withdrawn $75.8 million USDC from Coinbase institutional and invested a significant amount in Ethereum’s biggest presale, ETFSwap (ETFS). An anonymous crypto whale reportedly withdrew a whopping $75.8 million in USDC from their Coinbase...
Tesla must provide NHTSA with Autopilot recall data or face fines
Tesla vehicles sit on the lot at a Tesla dealership in Austin, Texas, on April 15, 2024.Brandon Bell | Getty ImagesThe National Highway Traffic Safety Administration is pressing Tesla for answers about changes the company made to its Autopilot driver assistance system...
GBPUSD Pulls Back After Testing 50-day SMA
GBPUSD reverses lower after 50-day SMA curbs advance Violates both the 200-day SMA and descending trendline Momentum indicators are neutral-to-negative GBPUSD had been in a recovery mode following its bounce off the five-month bottom of 1.2298, with the price...
‘I got seriously burned’: My financial adviser took me for lunch, bought my kids gifts — and had me invest $500,000 in annuities. What should I do?
“When I finally learned I’d been scammed, it took me a decade to pull my money out of the various annuities little by little, year by year.”
UK to Introduce New Stablecoin and Crypto Laws by July
https://unsplash.com/photos/red-and-blue-light-streaks-fiXLQXAhCfk On April 15, 2024, at the Innovative Finance Global Summit, the UK’s Economic Secretary, Bim Afolami, announced plans to introduce new laws to regulate the issuance and...
Reddit (RDDT) Q1 2024 earnings
Reddit CEO Steve Huffman hugs mascot Snoo as Reddit begins trading on the New York Stock Exchange (NYSE) in New York on March 21, 2024. Timothy A. Clary | AFP | Getty ImagesReddit shares rallied 14% in extended trading on Tuesday after the company released quarterly...
CEA V Anantha Nageswaran, ET BFSI
CEA with other dignitaries at an event organised by NCAER in New Delhi.NEW DELHI: Chief Economic Adviser (CEA) V Anantha Nageswaran bets on the high possibility of India’s 8% growth rate in the Financial Year 2024. At an event organised by NCAER in New Delhi, the CEA...
Sampo completes transfer of its Saxo Bank stake to Mandatum
Finland based insurance company Sampo plc has announced that the sale of its 19.83% holding in Saxo Bank to (its former asset management unit) Mandatum will be completed on 13 May 2024, now that all regulatory approvals for the transaction have been obtained. The...
Japanese Yen Weakens Despite Government Warnings
The USD/JPY pair is on the rise again this Wednesday, recovering more than half of its previous losses despite ongoing warnings from Japanese authorities about sharp fluctuations in the yen. Finance Minister Shunichi Suzuki reiterated today that the government is...
MD & CEO Shanti Lal Jain, ET BFSI
Indian Bank witnessed a 11 per cent increase year-on-year in total deposits and it touched Rs 6,88,000 crore as of March 31, 2024 while gross advances increased by 13 per cent to Rs 5,33,773 crore. Public sector Indian Bank has set a target to cross Rs 1 lakh crore...
What are Convolutional Neural Networks (CNNs)?
Artificial intelligence has reached a position that would be impossible to imagine a few years back. Machine learning models are capable of producing output that would have required months of work from expert data scientists. Artificial intelligence technology has...
U.S. probe finds widespread sexual misconduct at FDIC
Federal Deposit Insurance Corporation (FDIC) building is seen in Washington DC, United States on April 2, 2023.Celal Gunes | Anadolu Agency | Getty ImagesThe Federal Deposit Insurance Corporation must make sweeping changes to address widespread sexual harassment and...
Former Google CEO lists his $24.5 million estate in the country’s most expensive ZIP Code
Tech titan Eric Schmidt and his wife Wendy Schmidt are selling their lavish abode in Atherton, Calif.
Monzo boosts funding to $610 million to crack U.S., launch UK pensions
British neobank Monzo said Wednesday that it's raised another $190 million, lifting the total it's raised so far this year to $610 million.The company told CNBC it raised the cash from new investors including Hedosophia, a backer of top European fintechs including N26...
Govt evaluating RBI proposal for higher infrastructure provisioning; bankers, NBFCs voice concern, ET BFSI
New Delhi|Mumbai: The government is evaluating Reserve Bank of India draft rules calling for higher provisioning in infrastructure projects, while lenders are likely to oppose them on multiple forums. Officials cited concerns that they could lead to a rise in interest...
Standard Chartered US$200K BTC forecast – says Bitcoin will surge if Trump wins election
ICYMI on crypto, the latest from Standard Chartered this week. Analysts at the bank point to two reasons a Trump win would be positive for Bitcoin. 1. Trump would ease back on regulating crypto: “While officials in the Biden administration have taken a relatively...
GBP/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 192.94; (P) 193.54; (R1) 194.08; More.. Intraday bias in GBP/JPY stays neutral for the moment. On the upside, sustained break of 55 4H EMA (now at 193.86) will bring stronger rebound back toward 197.40 resistance. On the downside, below 191.34 will...
Indian households’ financial savings drop to a five-year low of Rs 14.1 lakh crore in FY23, ET BFSI
Indian households saw a decline in net financial savings during the fiscal year 2022-23, dropping to a five-year low of Rs 14.16 lakh crore from Rs 17.12 lakh crore in the previous year, according to data from the statistics ministry. This reduction in net savings can...
HKEX to launch weekly single stock options for 10 Hong Kong-listed equities
Hong Kong Exchanges and Clearing Limited (HKEX) has unveiled its plans to launch weekly single stock options for 10 Hong Kong-listed equities. HKEX plans to launch these new weekly expiries by the end of 2024, subject to market readiness and regulatory approval. HKEX...
Sweden becomes second major central bank to cut rates
The dollar rallied against the Swedish krona on Thursday after Sweden’s Riksbank became the second major central bank to cut interest rates this cycle.
Appian CEO on Big Tech AI strategy, competition concerns, regulation
Just_super | E+ | Getty ImagesBig technology companies are consuming as much data as possible to become winners in artificial intelligence — but that's not necessarily what will define winners, according to the boss of software giant Appian.Matt Calkins, CEO and...
FTX Unveils Billions Repayment Plan to Compensate Creditors
A repayment plan has been disclosed by FTX, the digital asset exchange that has gone bankrupt, in order to recompense its creditors for the damages they have sustained. Repaying all claims and providing extra compensation for the time...
Incred Alternatives raises Rs 330 cr PE fund, BFSI News, ET BFSI
Mumbai, Incred Alternative Investments on Tuesday said it has raised private equity fund worth Rs 330 crore. Incred Growth Partners Fund I, its maiden PE fund, has received commitments of Rs 330 crore in its first close and is targeting a final close of Rs 500 crore,...
U.S. paused shipment of weapons to Israel to head off Rafah invasion, says official
Israeli army tanks take position in southern Israel near the border with the Gaza Strip on May 7, 2024, amid the ongoing conflict between Israel and the Palestinian Hamas movement. Menahem Kahana | Afp | Getty ImagesU.S. President Joe Biden's administration paused...
India sees no ‘nasty’ upside to inflation, govt adviser says, BFSI News, ET BFSI
NEW DELHI -India does not see any nasty upside to inflation at the moment, and expects its economy to expand by more than 7% in the current fiscal year, V. Anantha Nageswaran, the government's chief economic adviser, said on Wednesday.Annual retail inflation rate...
Gold Stands Above 2,300 – Action Forex
Gold retains sideways move in 4-hour chart MACD and RSI look weak Gold prices are holding near the 50-period simple moving average (SMA) and the mid-level of the Bollinger band, trading within a sideways channel of 2,277-2,332 in the 4-hour chart. According to...
‘I want to die “young” as late as possible,’ says 83-year-old triathlete doctor who reinvented himself after a midlife crisis
Joseph Maroon says he’s too busy to slow down.
How generative, ChatGPT-like AI is accelerating humanoid robots
Shenzhen-based LimX Dynamics shows off one of its humanoid robots.Limx DynamicsBEIJING — ChatGPT-like artificial intelligence is speeding up research and bringing humanoid robots closer to reality in China, home to many of the world's factories.AI has been around for...
Is Boeing (BA) a Recovery Play? Evaluating Upside Potential and Risks :: InvestMacro
By Ino.comThe Boeing Company (BA), a stalwart in aircraft manufacturing and services, has faced a cascade of challenges so far this year. Just as the dust was settling on its mid-air blowout incident in January, another report emerged of a plane having mechanical...
Aadhar Housing Finance raises nearly Rs 900 crore from anchor investors, ET BFSI
Representative ImageNEW DELHI: Aadhar Housing Finance Ltd, which is backed by private equity major Blackstone, on Tuesday said it has mobilised Rs 898 crore from anchor investors, a day before the launch of its initial public offering (IPO). The company has decided to...
India’s growth can top 6.5% for a decade, says CEA Nageswaran, ET BFSI
Chances are “quite high” that India’s growth exceeded 8% in the fiscal year that ended in March and the economy will likely expand more than 7% in the current financial year, he said. The rainfall pattern in the months ahead will be crucial for the growth outlook, he...
What is ATM card trap scam and how you can stay safe, ET BFSI
Beware of the ATM card trap scam where fraudsters use skimming devices to steal your card info, distract you to steal your PIN, and withdraw money from your account. Stay safe by choosing secure ATMs and contacting the bank directly. Updated On May 8, 2024 at 11:12 AM...
Spectral Labs Joins Hugging Face’s ESP Program to advance the Onchain x Open-Source AI Community – Blockchain News, Opinion, TV and Jobs
New York, New York, May 7th, 2024, Chainwire Spectral is excited to announce its participation in Hugging Face’s Expert Support Program. Spectral is collaborating with deep learning experts from Hugging Face to advance open-source models, datasets, and applications...
Australian Tax Office targeting unreported crypto profits: 1.2m accounts investigation
The Australian Taxation Office (ATO) is seeking personal data and transaction details from crypto exchanges to crack down on potential tax evaders.Finance Magnates has the details, here:Oversight of Crypto Tax Compliance ATO's notice aims to identify individuals who...
FX option expiries for 8 May 10am New York cut
There aren't any major expiries to take note of for the day. As such, traders will have to get stuck with the push and pull mood after the events from last week. The dollar is steadier as the overall risk mood appears to be more muted in the last few sessions.If...
Anheuser-Busch InBev tops estimates in last quarter where Bud Light boycott hits growth
Anheuser-Busch InBev reported stronger-than-forecast first-quarter profits in what was the final period where the consumer boycott of Bud Light will impact growth.
U.S. revokes some export licenses to sell chips to China’s Huawei
BERLIN, GERMANY - SEPTEMBER 03: People arrive to attend the Huawei keynote address at the IFA 2020 Special Edition consumer electronics and appliances trade fair on the fair's opening day on September 03, 2020 in Berlin, Germany. The fair is taking place despite the...
Oddity Tech (ODD) earnings Q1 2024
As Ulta Beauty says it expects a slowdown in retail's most resilient category, an upstart says it is bucking the trend. Oddity Tech, the newly public Israeli cosmetics platform that uses artificial intelligence to develop products, posted first-quarter results that...
Latest news on Russia and the war in Ukraine
Russia used more than 50 missiles and 20 drones in overnight attacks, Zelenskyy saysRussia used dozens of missiles and drones to attack Ukraine's infrastructure overnight, Ukraine's President Volodymyr Zelenskyy said Wednesday morning."More than 50 rockets and more...
Dollar Recovery Continues, But Bulls Struggle to Secure Full Control
Dollar’s rebound gained some momentum in Asian session today on resurgence of risk aversion. Selloff in Japan was most notable where key industry leaders like Fast Retailing, Nintendo, and Toyota saw substantial declines. The sentiment was further dampened after...
U.S. consumers pull back sharply on credit-card use in March
Total consumer credit rose at a slower pace in March, the Federal Reserve reported Tuesday.
Banks’ commercial real estate exposure nears Rs 4 lakh crore, BFSI News, ET BFSI
Indian banks have shown a significant uptick in lending to the commercial real estate sector, indicating renewed confidence among lenders in the stability and appeal of the real estate market. According to the latest data from the Reserve Bank of India (RBI), the...
LockBit ransomware indictment and reward for Russian
Zoom In IconArrows pointing outwardsDmitry Yuryevich Khoroshev, Russian national and a leader of LockBit. Courtesy: U.S. Department of the TreasuryFederal prosecutors on Tuesday announced criminal charges against a Russian national, Dmitry Yuryevich Khoroshev, for...
Bonds are getting a boost from oil’s dip below $80 a barrel
U.S. bonds have been getting a boost from oil prices that have dipped below $80 a barrel.
Saurabh Mukherjea | Saurabh Mukherjea Portfolio: Why Saurabh Mukherjea isn’t losing sleep over stress in HDFC Bank, Kotak and Bajaj Finance, ET BFSI
Three financial giants HDFC Bank, Kotak Mahindra Bank and Bajaj Finance, which is almost half of PMS fund manager Saurabh Mukherjea's Kings of Capital portfolio, are having a tough time. But the star stock picker isn't the one to switch sides when the going gets...
SEC Chair Gensler dodges Trump Media campaign finance questions
Securities and Exchange Commission Chair Gary Gensler on Tuesday refused to comment on speculation of whether Trump Media is a funding organ for Donald Trump's presidential campaign."I'm not going to speak on any one company," Gensler said in an interview on CNBC's...
Gold prices ease back from a 1-week high
Gold prices settle with a loss Tuesday, a day after posting their highest finish in a week, though prospects for a fresh rally remain high as traders continue to monitor developments in the Middle East.
UK100 Analysis: Stock Market Optimistic Ahead of Bank of England News
On Monday, the UK observed a bank holiday for May Day, and on Tuesday, the stock market demonstrated accumulated optimism. The FTSE index (UK100) today surpassed the 8300 mark. Additionally: → The opening occurred with a bullish gap; → On the daily chart of UK100,...
AMC and Cinemark yet to reclaim ‘pre-COVID glory’ as foot traffic still well below pre-pandemic levels, research says
Movie theater chain and original meme stock AMC reports first-quarter results after market close Wednesday.
This bank offers up to 9.10% FD interest to senior citizens, 8.5% rate to others, ET BFSI
Utkarsh Small Finance Bank has revised interest rates of fixed deposit (FD) of less than Rs 2 crore. The revised rates are effective from May 1, 2024, according to the website. The revised rates are applicable for fresh fixed deposits as well as for the renewal of...
Japanese Yen to Stay in Recovery Mode, While Yields Turning from Resistance
We warned our members about limited weakness and recovery on Japanese yen right before intervention. As you can see, yen is already recovering because US 10Yr Yields are already turning down from resistance, while Japan 10Yr Yields are barely trying to follow due to...
Biden set to meet with executives from Citi, United Airlines & others
US President Joe Biden speaks about his Investing in America agenda at the Wilmington Convention Center in Wilmington, North Carolina, on May 2, 2024. Mandel Ngan | AFP | Getty ImagesPresident Joe Biden is set to meet Tuesday afternoon with a slate of executives from...
A reliable labor-market recession indicator has triggered — but this time it could be bullish for stocks
A reliable recession indicator maintained by market strategists at Piper Sandler triggered last week — but the same strategists who developed the indicator believe that, in all likelihood, its triggering is bullish for stocks.
Bitcoin Can’t Accelerate But Won’t Give Up Trying
Market picture The crypto market capitalisation fell by 1.7% in 24 hours to $2.29 trillion, as Bitcoin lost 1.1% and Ethereum – 3%, but Solana has added 4%. However, the latter is noticeably out of step, with most of the other coins going down. On Monday, Bitcoin...
FIS introduces fintech platform Atelio by FIS
FIS (NYSE:FIS), a global leader in financial technology, has today introduced Atelio by FIS, a fintech platform that provides the building blocks for financial institutions, businesses and software developers to embed financial services into their offerings. The...
IndusInd sets itself a new Rs 4.2 lakh crore target, eyes 2030 timeline, ET BFSI
IndusInd International Holdings (IIHL) has set its sights on a new Rs 4.2 lakh crore target that it plans to fulfil by 2030, ToI reported on May 6.Under the new plan, IIHL is looking to set up a banking, financial services, and insurance portfolio worth $50 billion...
TikTok sues to stop potential U.S. ban, following through on its promise of a court fight
TikTok and parent company ByteDance have filed a lawsuit that challenges a new U.S. law that could lead to a nationwide ban for the app.
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0753; (P) 1.0772; (R1) 1.0789; More… EUR/USD is staying in consolidation below 1.0810 temporary top and intraday bias stays neutral. While deeper retreat cannot be ruled out, further rally is expected as long as 55 4H EMA (now at 1.0725) holds. On...
CVS to tap high-grade bond market with five-part deal in busy day for issuance
CVS Health Corp. is tapping the investment-grade corporate bond market on Tuesday, with a five-part deal that’s expected to price later in the day.
Food startup Hungryroot uses AI to reduce waste, climate offender
Food waste is so prolific in the U.S. that roughly one-third of the amount produced ends up in landfills rather than stomachs. That adds up to excess production, packaging, storage and delivery requirements, all negatively contributing to climate change.A recent study...
Visa unveils AI-powered solution to combat account attacks
Visa Inc (NYSE:V), a leader in digital payments, has announced updates to its Visa Account Attack Intelligence (VAAI) offering with the addition of the VAAI Score, a new tool that uses generative AI components to identify and score enumeration attacks. The VAAI Score,...
Recent trends driving the Housing Finance industry in India, ET BFSI
Recent trends driving the Housing Finance industry in IndiaDriven by rising incomes, enhanced affordability and substantial government support, the Indian housing finance industry is on a growth trajectory with a robust 13% Compound Annual Growth Rate (CAGR) over...
These U.S. stocks could suffer most from stagflation, Barclays says
The specter of waning U.S. demand combined with persistent inflation is adding up to the potential for a stagflationary environment that could hit some well-known stock names, according to one Wall Street bank.
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2535; (P) 1.2565; (R1) 1.2591; More… GBP/USD is staying in consolidation below 1.2633 temporary top and intraday bias remains neutral at this point. Further rise remains in favor as long as 1.2471 support holds. Above 1.2633 will resume the...
Binance Successfully Integrates dYdX (DYDX) Mainnet
Binance, the renowned cryptocurrency exchange, has recently finalized the integration of dYdX (DYDX) mainnet. The announcement, made on the Binance Support Center, reveals that users can now make deposits of the DYDX token. However,...
Ethernity Transitions to an AI Enhanced Ethereum Layer 2, Purpose-Built for the Entertainment Industry – Blockchain News, Opinion, TV and Jobs
LOS ANGELES, United States, May 7th, 2024, Chainwire Global brands and talent will be able to use Ethernity’s technology to store their IP on-chain and engage with their fans through next-generation content and experiences Ethernity, the renowned platform for...
Plus500 shareholders vote against directors’ remuneration report
Retail FX and CFD broker Plus500 Ltd (LON:PLUS) has just announced the results of the Annual General Meeting (AGM) held earlier today. Each of the resolutions proposed were voted on by way of a poll. All but one of the resolutions (namely resolution 9, which was an...
JPMorgan cuts at least six investment banking jobs in Hong Kong, ET BFSI
The job cuts were first reported by Bloomberg on TuesdayHONG KONG: JPMorgan Chase & Co has become the latest Wall Street firm to reduce its workforce in Hong Kong, two sources with knowledge of the matter said, amid a weaker market and dealmaking activities.The...
Biden to tout Microsoft expansion at Wisconsin site where Trump-touted Foxconn plant flopped: report
President Joe Biden’s visit to the Dairy State on Wednesday will feature the Democratic incumbent highlighting a Microsoft expansion plan on land meant for Foxconn during the Trump era, according to a Milwaukee newspaper’s report.
New York tops new list
New York is the richest city in the world, with 359,500 millionaires and 60 billionaires, although the Bay Area of California is close behind, according to a new study.New York's millionaire population has surged 48% over the past decade, despite fears of wealth...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.9043; (P) 0.9056; (R1) 0.9076; More…. USD/CHF is staying in consolidation above 0.9005 temporary low and intraday bias stays neutral. Further decline is in favor as long as 55 4H EMA (now at 0.9101) holds. On the downside, break of 0.9005 and...
Fed’s Kashkari doesn’t rule out a rate hike
The biggest question facing the U.S. central bank is whether inflation is going to continue to resume its downward trend or settle at around a 3% level, in which case monetary policy may have to be tightened further, Minneapolis Federal Reserve President Neel Kashkari...
Touches fresh 2024 high! :: InvestMacro
Wheat kisses new 2024 highWatch out for WASDE report on FridayBulls back in control on D1 chartsKey levels at 638, 629 and 615 FXTM’s new Wheat commodity is in the spotlight after hitting a fresh 2024 high on Tuesday!Prices hit the 638 level this morning as...
Belstar Microfin files papers for Rs 1,300-crore IPO, BFSI News, ET BFSI
The company is a NBFC-MFI (non-banking finance company - micro finance institution) offering loan products, such as micro enterprise, small enterprise, consumer goods, festival, education and emergency loans, and focuses on the lending model of 'self-help group'....
Amgen could threaten Novo Nordisk, Eli Lilly weight loss drug dominance
The injectable weight-loss medication Wegovy is available at New City Halstead Pharmacy on April 24, 2024 in Chicago, Illinois.Scott Olson | Getty ImagesNovo Nordisk and Eli Lilly have long dominated the rapidly growing weight loss drug market, but their duopoly is...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 153.12; (P) 153.57; (R1) 154.34; More… Intraday bias in USD/JPY remains neutral for the moment. On the upside, firm break of 55 4H EMA (now at 154.79) will bring stronger rebound towards 157.98 resistance. On the downside, below 151.86 will resume...
BP to focus on shareholder returns over climate ambitions, CEO Murray Auchincloss says
The BP chief executive said the oil major is set to make a series of 30 decisions that will determine whether the company meets it climate ambitions
GBP/USD: Action Slows Ahead of BoE Policy Decision on Thursday
Cable is holding within a narrow range on Tuesday as traders await fresh signals from the key economic event for sterling this week- BoE monetary policy meeting on Thursday. Data released today (Apr UK construction PMI well above expectations and house prices inched...
Finalto releases new Broker Series entry with focus on marketing / compliance
Finalto is excited to announce the release of its latest entry in the Broker Series, with a focus on marketing and marketing compliance. This new publication explores the evolving movements of retail trading and the reactive regulatory action that comes with it. It...
European airline shares slump on price warning from Ryanair CEO
European airline stocks slumped on Tuesday after the chief executive of Ryanair was quoted as saying ticket fare prices will rise by less than previously forecast.
IDBI Bank gets Rs 2.97 crore GST demand order, ET BFSI
IDBI Bank disclosed that it has received a GST demand order of Rs 2.97 crore, including interest and penalty, for alleged excess availment of input tax credit (ITC). The order, issued by the Dehradun state tax department for the 2018-19 fiscal year, comprises a tax...
How the outcome of Biden and Trump’s election rematch might impact stocks
The expected November rematch between President Joe Biden and former President Donald Trump is perhaps the biggest event on this year’s geopolitical calendar. Yet, it doesn’t appear to have had much of an impact on markets.
Apple iPad Pro and iPad Air 2024 with M4 chip announced
Apple CEO Tim Cook speaks during Apple's Worldwide Developers Conference (WWDC) at the Apple Park campus in Cupertino, California, on June 5, 2023.Josh Edelson | AFP | Getty ImagesApple announced new versions of its iPad Air and iPad Pro tablet computers on Tuesday in...
Sunset Market Commentary – Action Forex
Markets There’s nothing to break the deadlock for now. Last week’s correction higher in US Treasuries and lower in USD following the Fed-payrolls combo isn’t met by real follow-up action this week. A very light eco calendar supports the current standstill. Lower...
Brent crude oil experiences modest uptick amid mixed market signals :: InvestMacro
By RoboForex Analytical DepartmentBrent crude oil is seeing a slight increase on Tuesday, priced around $83.57 per barrel. The market remains close to two-month lows, caught between optimism for a peaceful resolution to the Middle East conflict and concerns over crude...
RBI tanks up on 18.5 tonnes of gold in Jan-Mar, exceeding 2023 tally, ET BFSI
Global central banks continued to bolster their gold reserves in March, with significant purchases led by emerging market banks, according to data from the World Gold Council (WGC). Central banks collectively added 16 tonnes of gold to their reserves during the month,...
Rs 5 lakh crore wiped off! Poll jitters, banking & auto woes weigh on indices, ET BFSI
Amid nervousness in the market during voting for the third phase of the Lok Sabha election, Indian benchmark equity indices closed lower on Tuesday, dragged by index heavyweight Reliance Industries, banking and auto stocks.The 30-share BSE benchmark Sensex declined...
International Paper stock rises on report of $15 billion buyout offer by Brazil’s Suzano
IP shares rise by 5% on potential deal that would value the company at a premium
New Crypto Casino TG.Casino Becomes Regional iGaming Partner of AC Milan – Blockchain News, Opinion, TV and Jobs
Milan, Italy, May 7th, 2024, Chainwire Cryptocurrency casino platform TG.Casino and iconic Italian football team AC Milan announced they have struck a new partnership this week. TG.Casino Announcement In a May 6 tweet, the @TGCasino_ account on X posted: ‘TG Casino...
EURUSD Returns Within a Sideways Range
EURUSD returns within range between 1.0725 and 1.0930 MACD and RSI detect a lack of directional momentum For the bears to recharge, a break below 1.0725 may be needed The outlook may turn bullish if the price breaks above 1.0930 EURUSD has been in a recovery mode...
Recovery seen ahead for German chip maker Infineon, sending shares soaring
Shares of Infineon AG stood out as a top performer in Europe on Tuesday, as analysts shook off another sales guidance cut from the German chip maker to focus on recovery hopes.
FCA bans, fines former CEO of Shard Capital Partners £120,300 for putting investors at risk
James Lewis, the former CEO of Shard Capital Partners has been fined £120,300 and banned by the Financial Conduct Authority (FCA). The regulatory action follows two separate instances of providing incorrect information about clients’ cash purportedly held by Shard. Mr...
Securitisation volumes hit pre-Covid levels of Rs 1.9 lakh crore as NBFCs diversify funding, ET BFSI
Securitisation volumes in the financial year 2023-24 have surged back to record highs of Rs 1.9 trillion, reminiscent of pre-pandemic levels, despite notable market changes including HDFC Ltd's merger. This resurgence is largely attributed to non-banking financial...
Yen Extends Losses, Fed Members Cautious
The Japanese yen is down for a second straight day on Tuesday. USD/JPY has risen 0.45%, up 154.59, up 0.45% at the time of writing. The yen is down 1% this week after soaring 3.4% against the dollar a week earlier. The markets are still buzzing after Japan’s Ministry...
Nikola’s stock turns down as revenue dropped to less than half what was expected
Nikola’s stock dropped premarket Tuesday, reversing a brief gain, after the electric-truck maker reported first-quarter revenue that fell to less than half what was expected, offsetting a narrower-than-expected loss.
Private equity firms circle Peloton for potential buyout
A Peloton Bike inside a showroom in New York, US, on Wednesday, Nov. 1, 2023. Peloton Interactive Inc. is scheduled to release earnings figures on November 2.Michael Nagle | Bloomberg | Getty ImagesA number of private equity firms have been considering a buyout of...
Survive, Conquer and Thrive in a Post-Apocalyptic Playground with DECIMATED – Blockchain News, Opinion, TV and Jobs
Singapore, Singapore, May 7th, 2024, Chainwire As the digital dawn of gaming rises, the visionary minds behind DECIMATED are ecstatic to unveil their groundbreaking foray into the desolate yet captivating future of online gaming. DECIMATED, a novel 3rd person PvP and...
The RBA kept all monetary policy settings. Oil rises amid the breakdown of negotiations between Israel and Hamas :: InvestMacro
By JustMarketsAt Monday’s close, the Dow Jones (US30) Index added 0.46%, while the S&P 500 (US500) Index was up 1.46%. The NASDAQ Technology Index (US100) closed positive 1.19% yesterday.The Dollar Index stabilized above 105 on Tuesday as investors continued to...
Dollar Strengthens Modestly as Forex Markets Quiet
The forex markets are displaying some calmness today. While Dollar is trading as the strongest performer, it lacks clear upside momentum indicating a reversal of the decline started last week. With no significant economic data expected from the US for the remainder of...
J&K Bank records highest profit but high cost to income ratio and aggressive competition remain a challenge, ET BFSI
The Jammu and Kashmir Bank has reported a record profit of Rs 1767 crore for 2023-24 but the officials at the bank informed that cost to income ratio including the humongous costs on human resource remains a challenge for the bank, which they promise to address in a...
Ex-president posts — then deletes — message about witnesses
Republican presidential candidate and former U.S. President Donald Trump sits in the courtroom, as his criminal trial over charges that he falsified business records to conceal money paid to silence porn star Stormy Daniels in 2016 continues, at Manhattan state court...
Celsius stock drops 5% in premarket trading after revenue falls short of analyst estimate
Celsius Holdings Inc.’s stock was down by 5% in premarket trading after the energy drink and protein bar maker’s revenue missed the FactSet consensus estimate.
Tesla chair Robyn Denholm sold over $50 million in stock this year
Robyn Denholm, chairman of Tesla Inc., speaks during an American Chamber of Commerce in Australia event in Sydney, Australia, on Wednesday, March 27, 2019.Brendon Thorne | Bloomberg | Getty ImagesTesla Chairwoman Robyn Denholm has just sold $17.3 million worth of her...
Disney streaming results improve as cable TV decays
The Walt Disney Company CEO Bob Iger attends the Nominees Luncheon for the 95th Oscars in Beverly Hills, California, U.S. February 13, 2023. Mario Anzuoni | ReutersFor Disney, the future is now.It's been five years in the making, but Disney nearly turned a profit in...
Australian Dollar Weakens as RBA Says No Rate Hikes Planned
The Australian dollar has lost ground on Tuesday. AUD/USD has dropped by 0.31%, trading at 0.6604 in the European session at the time of writing. RBA stays pat but wary of inflation There was no surprise as the Reserve Bank of Australia maintained the cash rate at...
‘We’ve had a hell of a run’: Stanley Druckenmiller cuts Nvidia stake.
Stanley Druckenmiller told the hosts of CNBC’s “Squawk Box” Tuesday morning that his firm had cut its stake in chip giant Nvidia Corp.
Adani Green Secures $400 million from international banks for 750 MW power projects, ET BFSI
Adani Group's green energy arm Adani Green Energy Ltd (AGEL), secured $400 million in financing for its under-construction 750 MW solar projects in Rajasthan and Gujarat by a consortium of five leading international banks, the company said on Thursday.The funding will...
Capital.com trading volumes rise 53% in 2023 as MENA focus continues
Retail FX and CFDs broker Capital.com has announced that total client trading volumes reached more than $1.2 trillion in 2023, or just north of $100 billion monthly. The company said that this is a rise of 53% from a year earlier, and marks the first time client...
Wipro, Microsoft to launch GenAI-powered assistants for financial services, ET BFSI
New Delhi: Leading technology services and consulting company Wipro on Monday announced that it is teaming up with Microsoft to launch a suite of cognitive assistants for financial services powered by generative artificial intelligence (GenAI). According to the...
Life Time fitness leans into pickleball with Lululemon partnership
Ben Johns and Anna Bright play pickleball at the new Life Time at Penn 1 next to Madison Square Garden in New York City on May 4, 2024.Mike Stobe | Getty ImagesLife Time fitness is all in on pickleball.That commitment to America's fastest-growing sport was clear in...
Joachim Nagel: Central Banks Need to Embrace Digital Currencies for Future Relevance
The president of the Bundesbank and a member of the European Central Bank (ECB), Joachim Nagel, emphasises the significance of central banks embracing technological innovation and implementing central bank digital currencies (CBDCs) in...
Crocs’ stock falls premarket as earnings beat is offset by soft guidance for Heydude brand
Crocs acquired the Italian brand Heydude in 2022 for $2.5 billion in cash and stock, adding a line of lightweight, casual slip-on shoes for men, women and children to its line-up.
Brent Crude Oil Experiences Modest Uptick Amid Mixed Market Signals
Brent crude oil is seeing a slight increase on Tuesday, priced around $83.57 per barrel. The market remains close to two-month lows, caught between optimism for a peaceful resolution to the Middle East conflict and concerns over crude oil inventories in the United...
Nium partners with Emirates NBD
Nium, a provider of real-time cross-border payments, today announced a partnership with Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, to empower customers with a cutting-edge global payments solution. The...
Net profit rises 24% YoY to Rs 46 crore, ET BFSI
Kolkata: Grihum Housing Finance, formerly Poonawalla Housing Finance, has earned Rs 46 crore net profit in the March quarter, registering a 24% sequential rise, backed by steady business expansion. The net profit rose 151% year-on-year over Rs 18 crore seen in the...
Here’s what TikTok got wrong about America
TikTok could have been a positive force for change in the U.S. tech industry.
AUD/NZD: Aussie Medium-Term Outperformance Against Kiwi Intact Supported by RBA
Today’s RBA monetary policy decision statement has kept the possibility of a rate hike before 2024 ends “alive”. The narrowing of the discount between Australia-New Zealand sovereign bonds yield spread has supported the potential continuation of the AUD/NZD...
StakingFarm’s Revolutionary Approach to Democratizing Crypto Staking – Blockchain News, Opinion, TV and Jobs
The landscape of cryptocurrency is ever-evolving, marked by constant innovation and adaptation. In September 2022, Ethereum, one of the leading players in the crypto sphere, made a groundbreaking move by transitioning from proof of work (PoW) to proof of stake (PoS)...
Oil prices edge lower after Russia signals OPEC+ production rise possible
Oil futures edge lower as Russia indicates OPEC+ could consider raising crude output and Israel rejects a Gaza cease-fire proposal.
SEC Delays Decision on Invesco Galaxy’s Application for Spot Ether ETF
The US Securities and Exchange Commission (SEC) has delayed its decision on Invesco Galaxy's application for a spot Ether exchange-traded fund (ETF). The SEC has extended the review period by 60 days, with the new deadline set for July 5....
Valérie Urbain assumes role of Euroclear CEO
Valérie Urbain officially became the Chief Executive Officer (CEO) of the Euroclear group following the AGM, replacing outgoing CEO Lieve Mostrey. “I am delighted to welcome Valérie Urbain as our new CEO, and the Board and I are confident that she will successfully...
UK PMI construction hits 14-month high but hiring trend subdued
UK PMI Construction surged from 50.2 to 53.0 in April, marking its most robust reading since February 2023. According to S&P Global, this growth was primarily driven by increased activity in commercial projects and civil engineering. However, house building...
Axis Bank brings expats to India in push to woo global firms, BFSI News, ET BFSI
Axis Bank Ltd is on a lookout to hire Asian expatriates to help the lender win business from multinational companies. The bank, that recently overtook Kotak Mahindra Bank Ltd. to become the third largest private lender in India, is targeting mid-sized companies in...
Open your eyes to this one major factor that will crush bond yields, says Morgan Stanley
Residual seasonality that has boosted first-quarter price data will drag them down in the second half, say Morgan Stanley strategists.
Trump trial witness David Pecker targeted by ‘swatting’ at his home, Reuters reports
Former National Enquirer publisher David Pecker speaks from the witness stand during former U.S. President Donald Trump's criminal trial on charges that he falsified business records to conceal money paid to silence porn star Stormy Daniels in 2016, in Manhattan state...
Future of Generative AI: Predictions and Possibilities
Generative AI has emerged as one of the prominent highlights of artificial intelligence. Many industries have embraced the diverse use cases of generative AI with the help of tools such as ChatGPT, Stable Diffusion and DALL-E. However, it is important to recognize...
Wayve just raised over $1 billion from Nvidia, SoftBank, Microsoft, Eclipse Ventures
Alex Kendall, 29, is the co-founder and CEO of autonomous driving startup Wayve.Source: WayveBritish startup Wayve on Tuesday said it had raised $1.05 billion in an investment round led by Japan's SoftBank to accelerate the growth of its self-driving car...
Gold Attempts Recovery to Only Face Limitations Again
Gold stays trapped below 2,325 after Monday’s bounce Technical signals reflect persisting caution Gold had a positive start to the week, bouncing back above its 20-day exponential moving average (EMA), but the bullish attempt was not strong enough to drive the...
Tajinder Singh named IOSCO Secretary General, replacing Martin Moloney
International securities regulator IOSCO has announced that its long standing Deputy Secretary General, Tajinder Singh, has been named as acting Secretary General as of today replacing Martin Moloney, who has found another position outside IOSCO. Tajinder Singh has...
‘He’s afraid to upset her’: I’m executor of my 78-year-old friend’s estate. He has $500K and owns a home with his girlfriend of 20 years. Will his child and grandkids lose out?
“They purchased their house for $360,000, and it is now valued at nearly $700,000. He would like to downsize to a condo due to his health, but she is reluctant as she has custody of two grandchildren.”
FPSB India, IFSCA sign pact to promote GIFT IFSC as ‘Global Finance Hub’, ET BFSI
New Delhi, Financial Planning Standards Board India on Monday announced that it has signed a pact with the International Financial Services Centres Authority (IFSCA), GIFT City, Gandhinagar, to promote GIFT IFSC as a 'Global Finance Hub'. FPSB India and IFSCA aim to...
Will RBI’s draft guidelines on project financing tighten infra funding?, ET BFSI
The Reserve Bank of India (RBI) has proposed draft guidelines on project financing that could significantly impact lenders by imposing heightened provisioning requirements. Under these guidelines, lenders would be required to set aside provisions of up to 5% of...
What we know about the consumer so far
A customer walks through The Home Depot store on February 20, 2024 in Austin, Texas. Brandon Bell | Getty ImagesThe state of the consumer in 2024 is already taking shape — even before the country's major retailers begin to report first-quarter earnings, starting with...
Abortion bans drive away young talent: New CNBC/Generation Lab survey
Young people are seen on the Emory University campus in Atlanta, Georgia on October 14, 2022. Elijah Nouvelage | AFP | Getty ImagesThe youngest generation of American workers is prepared to move away from states that pass abortion bans and to turn down job offers in...
Pound Shrugs as Construction PMI Jumps
The British pound is slightly lower on Tuesday. GBP/USD is down 0.21%, trading at 1.2535 in the European session at the time of writing. The UK construction PMI jumped to 53.0 in April, up from 50.2 in March and above the forecast of 50.4. This is only the second...
No harm in taking some money off the table in power finance companies, PSU banks: Gurmeet Chadha, ET BFSI
Gurmeet Chadha, Managing Partner & CIO, Complete Circle Consultants, says one can now look at some of the tier II banks like Federal Bank, which at around 1-1.1 book value is making good progress. RBL is also expected to make a turnaround and it is showing some...
The reliable 2025 Lexus NX compact SUV delivers soothing luxury and solid value
The 2025 Lexus NX is a fine contender among compact luxury SUVs, with a well-rounded bundle of attributes.
Palantir (PLTR) earnings Q1 2024
Alex Karp, CEO of Palantir, arrives for the “AI Insight Forum” at the Russell Senate Office Building on Capitol Hill on September 13, 2023 in Washington, DC.Alex Wong | Getty ImagesPalantir shares fell as much as 7% in extended trading on Monday after the...
Worries build up over RBI strictures on infra financing, BFSI News, ET BFSI
Mumbai: Shares of state-owned banks, non-banking finance companies (NBFCs) and infrastructure firms plunged as much as 10% on Monday following the Reserve Bank of India's tougher draft guidelines on the financing and accounting of project loans. The proposed stricter...
Ant Digital Technologies joins HKMA’s Project Ensemble
Ant Digital Technologies announces today its participation in the Project Ensemble Sandbox and the Project Ensemble Architecture Community of the Hong Kong Monetary Authority (HKMA). Project Ensemble is the HKMA’s new wholesale central bank digital currency (wCBDC)...
Net profit up 16% to Rs 133 crore, ET BFSI
Kolkata: Fusion MicroFinance on Monday reported a 16% year-on-year rise in March quarter net profit at Rs 133 crore against Rs 115 crore in the year ago period, supported by business expansion and higher earnings.The lender's net interest income was 32% higher at Rs...
You can pay off debt in many ways. Here’s how to find what’s right for you.
Start small or tackle the big stuff? Run the numbers and know your comfort level.
Eurozone retail sales rises 0.8% mom in Mar, EU up 1.2% mom
Eurozone retail sales volume grew 0.8% mom in March, above expectation of 0.6% mom. Volume of retail trade increased for food, drinks, tobacco by 1.2%, for automotive fuel in specialised stores by 2.0%. Volume was stable for non-food products (except automotive fuel)....
Taser-maker Axon is getting into the drone market
Drones in possession of the Armed Forces of Ukraine on May 2, 2024 in Lviv, Ukraine. "Just open any newspaper, and switch on any TV channel. Look at what's happening in Ukraine. Look at what's happening in the Middle East. Drones have changed modern warfare, public...
Private digital currencies potentially dangerous, CBDC a safer alternative: RBI Governor, ET BFSI
Reserve Bank of India Governor Shaktikanta DasReserve Bank of India Governor Shaktikanta Das said on Monday that Central Bank Digital Currency (CBDC) or digital currency, can drive financial inclusion and provide a much safer alternative to potentially dangerous...
Latest news on Russia and the war in Ukraine
China says Russia should be included in upcoming Ukraine peace summitChina's ambassador to Russia told Russian media Tuesday that Moscow should be included in a forthcoming Ukraine peace summit to be held in Switzerland.Ambassador Zhang Hanhui told RIA Novosti that...
Dozens of former employees plan to sue Bowlero for discrimination
Dozens of former employees who say they were fired from Bowlero based on their age or out of retaliation plan to sue the bowling chain after the U.S. Equal Employment Opportunity Commission closed its case against the company, the attorney representing the claimants...
How lenders manage risk in MSME lending when credit history in not available, ET BFSI
Credit risk is the foremost challenge a financial player faces when lending to small and unorganised businesses. As these businesses typically don’t have any credit history, lenders are unable to assess their credit worthiness. Some of the traditional methods used for...
UBS shares surge as bank returns to profit following takeover of Credit Suisse
UBS shares surged 8% on Tuesday as the bank outstripped analysts’ expectations
Amwal Capital Partners implements investment management technology from Broadridge
Amwal Capital Partners, an independent alternative investment firm based in Dubai, announces it has enhanced its portfolio and trade order management operations with the implementation of investment management technology from Broadridge Financial Solutions, Inc....
PSBs set to develop road map for deploying GenAI systems, BFSI News, ET BFSI
State-run banks are set to develop a detailed strategy and road map for deploying generative artificial intelligence (GenAI) systems, with pilot use-cases to be rolled out within this financial year, said people familiar with the matter.The lenders will also establish...
Amazon’s AWS to invest an additional $9 billion in Singapore
BARCELONA, SPAIN - JANUARY 31: A logo sits illuminated outside the Amazon Web Services (AWS) booth at ISE 2023 and IOT Solution World Congress at Fira Barcelona on January 31, 2023 in Barcelona, Spain. Integrated Systems Europe (ISE) is the largest Audio Visual...
RBA on Gold and Remains Vigilant to the Upside
Rates unchanged as expected, as Board balances near-term inflation risks with desire to avoid recession. As expected, the RBA Board left the cash rate target unchanged at 4.35% following its May meeting but strengthened its rhetoric around upside inflation risks. The...
Six-week long election leaves RBI with liquidity dilemma, ET BFSI
RBI is stepping in to ease banking system liquidity conditions as a national election which stretches over six weeks is hurting government spending despite strong tax collections.Voting in national elections began on April 19 and will conclude on June 1, with counting...
Apple reportedly working on its own AI-server chips
The WSJ, citing sources familiar with the matter, said the project, dubbed ACDC — for Apple Chips in Data Center — has been underway for several years.
Apple is reportedly developing chips to run AI software in data centers
An Apple store in Shanghai, China.Future Publishing | Future Publishing | Getty ImagesApple has been developing chips to run artificial intelligence software in data centers, the Wall Street Journal reported Tuesday. Project ACDC (Apple Chips in Data Center), which...
Disney (DIS) earnings Q2 2024
The "Partners" statue of Walt Disney and Mickey Mouse, at Cinderella Castle at the Magic Kingdom, at Walt Disney World, in Lake Buena Vista, Florida, photographed Saturday, June 3, 2023.Joe Burbank | Tribune News Service | Getty ImagesDisney reports its fiscal...
Israeli forces take control of the Gaza side of the Rafah border crossing with Egypt
Smoke billows after Israeli bombardment in Rafah, in the southern Gaza Strip on May 6, 2024, amid the ongoing conflict between Israel and the Palestinian militant group Hamas.- | Afp | Getty ImagesAn Israeli tank brigade seized control Tuesday of the Gaza Strip side...
RBA’s Lack of Hawkishness Weakens Aussie, Yen’s Retreat Continues
In the aftermath of RBA’s decision to maintain interest rates unchanged and the absence of explicit hawkish signals, Australian Dollar weakens mildly. Despite notable upgrades in inflation forecasts, the central bank opted for a cautious approach, refraining from...
DHF Capital hires Erik Boekel as CCO
DHF Capital S.A., a securitization company based in Luxembourg, has announced the appointment of Erik Boekel as its new Chief Commercial Officer (CCO). With a distinguished career spanning over 25 years in Corporate and Investment Banking, Global Markets, and...
GST has helped improve tax buoyancy, says Finance Minister, BFSI News, ET BFSI
New Delhi: Finance minister Nirmala Sitharaman on Monday said GST has helped improve the tax buoyancy from 0.72 (pre-GST) to 1.22 (2018-23), with the states' buoyancy estimated at 1.15, despite compensation ending two years ago. Tax buoyancy measures the change in tax...
Rupee flat as traders remain wary of central bank intervention at weaker levels, ET BFSI
By Jaspreet KalraMUMBAI - The Indian rupee was little changed on Tuesday as traders remained shy of pushing the local currency to weaker levels on expectations that the Reserve Bank of India (RBI) would intervene to prevent a sharp fall.The rupee was at 83.4750...
Changing farming practices could cut almost one third of global emissions: World Bank, ET BFSI
Washington, May 07, 2024 -Changing the way food is produced around the world could significantly reduce greenhouse gas emissions by the end of the decade, the World Bank said Monday. The so-called agrifood industry is responsible for almost a third of all greenhouse...
FX option expiries for 7 May 10am New York cut
There are a couple to take note of, as highlighted in bold.The first one being for EUR/USD at the 1.0725 level. It isn't one that holds much technical significance but could play a role in keeping price action more sticky if we do see more of a downside shove later in...
First crewed flight of Boeing’s Starliner scrubbed 2 hours before takeoff
The maiden crewed flight of Boeing Co.’s Starliner spacecraft was scrubbed Monday night, about two hours before it was scheduled to launch.
Citigroup CEO Jane Fraser says low-income consumers are more cautious
Citigroup CEO Jane Fraser said Monday that consumer behavior has diverged as inflation for goods and services makes life harder for many Americans.Fraser, who leads one of the largest U.S. credit card issuers, said she is seeing a "K-shaped consumer." That means the...
Goldman Sachs CEO David Solomon says AI ‘is something that people are going to have to think very strategically about’
The investment-banking executives expects AI capital-raising around power and energy to fuel data centers.
EUR/USD Daily Outlook – Action Forex
Daily Pivots: (S1) 1.0720; (P) 1.0766; (R1) 1.0809; More… Intraday bias in EUR/USD remains on the upside for the moment. Fall from 1.0980 could have completed with three waves down to 1.0601. Further rally is expected and firm break of 100% projection of 1.0601 to...
Gift City allows non-banks to sell participatory notes, BFSI News, ET BFSI
Mumbai: International Financial Services Centres Authority (IFSCA), the regulatory body for the IFSC-GIFT City in Gujarat, has allowed non-banking entities like alternate investment funds and other fund managers to issue overseas derivative instruments from IFSC. ODIs...
Cemeteries get a new lease on life as dog parks, antique markets and picnic grounds
“As cemeteries run out of space, they are going to have to adapt or die.”
Markets Weigh Dovish NFP Report
In focus today Today, Swedish Service PMIs for April are released at 8:30 CET. All its subindices were above the 50 marks in March. Although price index for raw materials and intermediate goods is lower compared to a year ago, it was still significantly higher...
Deutsche Bank CEO hopes for progress on EU capital markets union, ET BFSI
"The capital markets union is higher on the European policy agenda than it has been for years," Sewing, who is president of the German private bankers association BdB, told the German banking day on Monday. Updated On May 6, 2024 at 02:41 PM IST BERLIN - Deutsche Bank...
Why a potential Israeli invasion of Rafah matters to the oil market
An Israeli invasion of Rafah in Gaza would likely stoke fears of a wider Middle East conflict that could endanger the flow of crude oil.
All’s Well That Ends Well
Friday’s US jobs data brightened up the mood among Federal Reserve (Fed) doves, as both the NFP, unemployment rate and wages pointed at a slowing labour market in April. The US economy added 175K new nonfarm jobs last month, the wages grow less than 4% – which is...
Cash is outperforming bonds this year. A Fed pivot could change that.
It’s been a good 2024 for the “T-bill and chill” proponents — but all eyes are on what the Federal Reserve’s next moves will be.
NCLAT dismisses Religare’s appeal against CCI nod, BFSI News, ET BFSI
Mumbai: The National Company Law Appellate Tribunal (NCLAT) has rejected Rashmi Saluja-led Religare Enterprises' appeal seeking a stay on the Competition Commission of India's (CCI) approval for the Burman family's proposed acquisition of shares of the financial...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.9001; (P) 0.9055; (R1) 0.9104; More…. Outlook in USD/CHF is unchanged and intraday bias stays on the downside. Sustained break of 55 D EMA (now at 0.8993) will bring deeper fall to 38.2% retracement of 0.8332 to 0.9223 at 0.8883. On the upside,...
What would life behind bars be like for Trump? A judge raises the possibility of jail time.
Experts say the judge still has options short of sending Trump to jail for contempt.
Hamas says it accepts cease-fire proposal from Egyptian, Qatari mediators
Chairman of the Hamas Political Bureau, Ismail Haniyeh speaks to press as he pays a visit to Palestinian photojournalist Ashraf Amra, a freelancer for Turkiye's premier news agency Anadolu who was severely injured on his hand by Israeli army fire while covering a...
M&M Fin Q4 net falls 10% on provisions, interest costs, ET BFSI
Mumbai: Mahindra & Mahindra Financial Services reported a 10% year-on-year fall in profit in the quarter to March amid a sharp rise in provisions and higher finance costs.Standalone net profit fell to ₹619 crore in the quarter from ₹684 crore a year ago, largely...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 151.95; (P) 152.90; (R1) 153.92; More… Intraday bias in USD/JPY remains neutral at this point. On the upside, firm break of 55 4H EMA (now at 154.95) will bring stronger rebound towards 157.98 resistance. On the downside, below 151.86 will resume...
Fed’s Barkin thinks the U.S. economy will slow further, cooling down inflation
Recent data whiplash only confirms the wisdom of being slow to move interest rates, the Richmond Fed president says.
TD Bank’s stock drop on money-laundering probe overblown says KBW analyst, but Jefferies is not so sure
Jefferies cuts TD’s price target on fears of a “lost decade” while KBW reiterates outperform rating in more bullish stance.
Yen Rally Fizzles as US Dollar Climbs
The Japanese yen is sharply lower on Monday after stringing together a three-day rally. USD/JPY is trading at 153.92, up 0.62% at the time of writing. The yen took traders on a roller-coaster ride last week. The Japanese yen fell below the 160 level on Monday,...
SNB raises minimum reserve requirement for banks, reducing interest costs, ET BFSI
ZURICH - The Swiss National Bank (SNB) is raising the minimum reserve requirement for domestic banks, it said on Monday, potentially saving it hundreds of millions of Swiss francs in interest payments each year.The SNB said in a statement that it is also raising the...
College commencement season in America disrupted as Columbia cancels main ceremony
Some colleges have canceled their school-wide ceremonies, while other schools are planning for disruption.
RBI working to make digital currency accessible without internet: Guv Das, ET BFSI
RBI working to make digital currency accessible without internet: Guv DasThe Reserve Bank of India (RBI) is working to make its digital currency available without being dependent on internet access, Governor Shaktikanta Das said on Monday. While speaking at the BIS...
USDJPY – Initial Reversal Signal Requires More Work at the Upside for Confirmation
USDJPY edges higher on Monday after a pullback from new record high (160.19) was contained by strong Fibo support at 151.72 (61.8% retracement of 146.48/160.19 upleg, reinforced by 55DMA). Strong rejection here left a Hammer candle on Friday, initial signal of...
India’s forex reserves decline for third consecutive week, BFSI News, ET BFSI
India's foreign exchange reserves declined for the third week, after having risen for the seventh straight week to hit an all-time high of USD 648.562 billion.As per the latest data released by the Reserve Bank of India (RBI), the country's foreign exchange kitty...
Bowlero’s stock slides 18% after earnings fall short of estimates and company offers soft guidance
Chief Executive and Founder Thomas Shannon said the quarter started slowly due to weather.
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2491; (P) 1.2564; (R1) 1.2619; More… Intraday bias in GBP/USD remains mildly on the upside at this point. Fall from 1.2892 could have completed with three waves down to 1.2298. Further rise should be seen and break of 61.8% projection of 1.2298 to...
Americans expect mortgage rates to rise to nearly 10% in the next three years, New York Fed housing survey finds
U.S. consumers expect mortgage rates to rise to near double digits over the next three years, according to a new survey by the New York Federal Reserve.
REC gets RBI nod to set up subsidiary in GIFT City Gujarat, ET BFSI
The decision to expand operations into GIFT, a burgeoning hub for financial services in India, comes as REC continues to diversify its portfolio and explore new avenues for growth.REC Limited, a Maharatna Central Public Sector Enterprise under the Ministry of Power...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0720; (P) 1.0766; (R1) 1.0809; More… Intraday bias in EUR/USD stays on the upside at this point. Fall from 1.0980 could have completed with three waves down to 1.0601. Further rally is expected and firm break of 100% projection of 1.0601 to 1.0752...
Oil prices rise as Israel warns invasion of Rafah in Gaza may be imminent
Oil prices rise as Israel warned that an invasion of Rafah in Gaza may be imminent.
Euro Edges Higher as Eurozone Data Improves
The euro has started the new trading week quietly. EUR/USD is up 0.23%, trading at 1.0787 in the North American session at the time of trading. Eurozone investor confidence shows slight improvement The eurozone Sentix Investor Confidence index took a small step...
Treasury yields little changed to kick off quiet week for U.S. data
Treasury yields held steady Monday morning amid a limited calendar that had traders focused on auctions later in the week and developments in the Middle East.
UPI Payments Now Available from ICICI Bank NRI Accounts with International Numbers, ET BFSI
Mumbai: ICICI Bank has enabled its non-resident customers to use their international mobile number for making UPI payments in India. This means that non-residents can now pay for utility bills, merchant and e-commerce transactions by linking their international mobile...
Trump Media hires new auditor after accounting firm charged with fraud
Omar Marques | Lightrocket | Getty ImagesTrump Media hired a new auditor over the weekend, after its previous public accounting firm was accused Friday of perpetrating a massive fraud by the Securities and Exchange Commission.The Truth Social owner fired BF Borgers...
Ripple ready to create waves? :: InvestMacro
Ripple waits on SEC responseCrypto ↓ 12% year-to-dateRangebound on D1 timeframeKey levels of interest 0.5675, 0.5350 & 0.4750Our focus falls on Ripple due to the legal drama with the US Securities and Exchange Commission (SEC).This could be a big week for the...
Equinox launches $40,000 ‘Optimize’ membership
High-end fitness chain Equinox is launching one of the most expensive gym memberships in the world — a $40,000-per-year program aimed at improving overall health and longevity.Equinox is teaming up with lab-test startup Function Health to launch "Optimize by Equinox,"...
Sunset Market Commentary – Action Forex
Markets With Japanese and US markets closed, Europe stood on its own to look for direction after Friday’s yield decline in the wake of weaker than expected US payrolls and services ISM. US markets again considering two potential Fed rate cuts (Sept +/- 90% discounted,...
Dave Ramsey: It’s a great time to buy a house. Experts: Not exactly.
For the last several months, personal-finance guru Dave Ramsey has been telling aspiring homeowners that it’s a great time to buy a house — even though monthly housing costs are at a record high.
India’s exchanges spar for dominance in hot derivatives market, ET BFSI
By Jayshree P UpadhyayMUMBAI -India's top stock exchanges are luring investors with new products and lower fees as they battle for a share of the hot but fledgling derivatives market, in turn fuelling a surge in trading activity that is drawing regulatory scrutiny.The...
Robinhood’s stock dives after receipt of SEC ‘Wells Notice’ disclosed
The company said the “Wells Notice” states that the SEC Staff decided to recommend the SEC file “an enforcement action” against Robinhood, alleging securities violations.
Trump trial resumes after week of tears, gag order threats
Former US President Donald Trump attends the first day of his trial for allegedly covering up hush money payments linked to extramarital affairs, at Manhattan Criminal Court in New York City on April 15, 2024.Angela Weiss | AFP | Getty ImagesThis is developing news....
Focus on RBA as Australian Dollar Maintains Strength
As the market transitions into US session, Australian Dollar maintains its position as the strongest currency of the day. While no significant economic data is expected from the US or Canada, the focus shifts to appearances by SNB Chair Thomas Jordan, as well as Fed...
Investors expect a hawkish stance from the RBA. Natural gas prices returned to growth :: InvestMacro
By JustMarkets On Friday, the Dow Jones (US30) was up 1.18% (for the week +1.03%), while the S&P 500 (US500) was up 1.26% (for the week +0.27%). The NASDAQ Technology Index (US100) closed positive 1.99% (for the week +0.93%). The US stocks rose thanks to a...
Shares of REC, PFC and IREDA plunge after RBI’s draft guidelines on project financing, ET BFSI
Shares of REC, PFC and IREDA plunge after RBI’s draft guidelines on project financingThe shares of REC Ltd., Power Finance Corporation Ltd. (PFC) and IREDA plunged on Monday to give up most of their previous week's gain after the Reserve Bank of India’s (RBI) draft...
Boeing’s Starliner set for historic launch that will take two NASA astronauts into space
Boeing’s Starliner spacecraft is set to make its first crewed flight to the International Space Station on Monday, carrying two NASA astronauts to the orbiting space lab.
Short-Term Technical Picture for Dollar Turned More Neutral
Markets US data on Friday (almost) perfectly fitted the dovish post-Fed market momentum. After several consensus-beating monthly releases, the US economy in April ‘only’ added 175k jobs, the slowest growth in six months. US wage growth also eased with Average Hourly...
Howard Schultz weighs in on Starbucks earnings miss
Howard Schultz, former chief executive officer of Starbucks Corp., drinks from a Starbucks mug during a Senate Health, Education, Labor, and Pensions Committee hearing in Washington, DC, US, on Wednesday, March 29, 2023.Al Drago | Bloomberg | Getty ImagesFormer...
Robinhood gets Wells Notice for its crypto business, expecting enforcement action
US neobroker Robinhood (NASDAQ:HOOD) has announced that its Robinhood Crypto LLC unit has received a Wells Notice from the U.S. Securities and Exchange Commission staff, indicating they will recommend that the Commission file an enforcement action. More formally,...
Putin orders tactical nuclear weapon drills to deter the West
Russian President Vladimir Putin delivers a speech during а meeting of the Federal Assembly's Council of Legislators in Saint Petersburg, Russia, April 26, 2024.Alexey Danichev | Via ReutersRussia said on Monday it would practise the deployment of tactical nuclear...
Clean-energy producer Allete agrees to go private for $6.2 billion
Canada Pension Plan Investment Board and Global Infrastructure Partners team up to pay $67 a share.
AUD/USD: Bulls Hold Grip Ahead of RBA Policy Meeting on Tuesday
AUDUSD keeps firm tone on Monday, despite Friday’s spike and subsequent pullback, though with initial warning that traders may opt for a partial profit taking after strong rally in past two days, when the pair advanced 2%. Stretched daily studies add to signals of...
HDFC Bank to keep margins at current levels, BFSI News, ET BFSI
HDFC Bank managing director Sashidhar Jagdishan said the lender "will not be chasing growth for the sake of growth" and "will be delighted even if the margins remain at the current levels". Addressing analysts on Saturday, soon after the bank declared its fourth...
Tyson Foods’ stock rallies as strength in beef and pork sales fuel a profit beat
Shares of Tyson Foods Inc. climbed toward a 15-month high in premarket trading Monday, after the meats company reported a fiscal second-quarter profit that rose well above expectations — the first bottom-line growth in two years — as strength in beef and pork sales...
Crypto Market Tries to Break Local Downtrend
Crypto market capitalisation has been up 2% over the past seven days and has added over 13% from the lows of the 1st of May. A timid bottom formation on Wednesday was followed by a modest rebound on Thursday and more robust buying on Friday after the monthly US jobs...
Micron’s stock is among the S&P 500’s best this year. Why it just got upgraded.
Baird sees “meaningful upside opportunities” for Micron and notes a recent pullback in the stock.
Restatement of IL&FS accounts uncovers Rs 9,600cr loss instead of Rs 1,869 cr profit, ET BFSI
A major reworking of accounts has brought the scam-tainted IL&FS and two of its arms -- IL&FS Financial and ITNL -- back among big business headlines, ToI reported on May 6. Following the massive restatement of accounts, IL&FS’s loss has now been estimated...
Freshpet’s stock jumps toward a multiyear high after an unexpected quarterly profit
Freshpet’s stock ran up in premarket trading Monday, heading toward a high not seen since 2021, after the dog- and cat-food company reported a surprise first-quarter profit, citing to higher sales, improved gross margin and lower logistics costs.
Eurozone PMI services finalized at 53.3, highest in 11 months
Eurozone’s PMI services index was finalized at to 53.3 in April, marking a notable improvement from March’s 51.5. PMI Composite was finalized at 51.7, up from the previous month’s 50.3 Both reached the highest levels in 11 months. Notable country-level performances on...
IL&FS shows 9,600 crore loss in 5 years against 1,869 crore profit, ET BFSI
New Delhi: Fraud-tainted IL&FS, IL&FS Financial and ITNL have undertaken a massive restatement of accounts, with IL&FS's loss now estimated at Rs 9,600 crore during five financial years ending 2017-18, against a profit of Rs 1,869 crore estimated by the...
Morgan Stanley’s Mike Wilson offers a playbook to cope with the cautious consumer
Morgan Stanley’s chief investment officer says investors need to lean on consumer staple companies in hard times.
Eurozone PPI falls -0.4% mom, -7.8% yoy in Mar
Eurozone PPI fell -0.4% mom, -7.8% yoy in March. For the month, industrial producer prices increased by 0.1% for intermediate goods, 0.1% for capital goods, 0.1% for durable consumer goods, and 0.4% for non-durable consumer goods. Prices decreased by -1.8% for energy....
‘I wonder if he’s on commission’: A psychiatrist online prescribed me Prozac, punched the air in celebration — and suggested I have a beer. Is this normal?
“I processed a $50 copay, and attended my appointment with the psychiatrist. It went fast, and every time I asked a question about antidepressants, he popped a medical study in the chat box.”
Macquarie’s banking unit to stop new car loans to focus on mortgage growth, ET BFSI
Australian financial conglomerate Macquarie Group said on Monday its banking and financial services unit will stop new car loans through direct, broker and novated lease channels in a bid to prioritise growth of home loan and deposit offerings."This decision will...
Can You Turn a Side Hustle into an Empire? » Succeed As Your Own Boss
The concept of the side hustle has gained significant traction in the last few years. No one is confined to the traditional nine-to-five grind these days. Especially since 2020, people have been increasingly developing side hustles to supplement their income, pursue...
AUD/USD Hits One-month High, RBA Decision Next
The Australian dollar has started the week with modest gains. AUD/USD is up 0.25%, trading at 0.6624 in the European session at the time of writing. The Aussie is coming off a strong week, having gained 1.19%. RBA widely expected to pause The Reserve Bank of Australia...
Steps For Creating a Blockchain Wallet
Cryptocurrencies and blockchain are almost synonymous technologies with a diverse array of interrelated implications. In recent years, the cryptocurrency market has expanded by huge margins alongside the progress of blockchain towards web3. At this point of time, the...
Check out the 2025 Lamborghini Urus SE, a plug-in hybrid with 789 hp and a V8 engine
It’s not about efficiency, it’s just wild power for a wild ride.
GBM Auctions to Host Memorabilia Auction with Polkadot Creator Dr. Gavin Wood – Blockchain News, Opinion, TV and Jobs
London, United Kingdom, May 6th, 2024, Chainwire GBM Auction (https://gbm.auction), the Bid-to-Earn Auction company, is thrilled to announce a historic collaboration event with Dr. Gavin Wood, co-founder of Ethereum and the founder of Polkadot and Kusama, to...
Gold Technical: A Floor May Have Been Formed for the Bulls
Stagflation risk is still lingering as indicated by the latest April US ISM Manufacturing and Services PMI data. A not fully priced-in stagflation risk scenario may support another bullish impulsive upmove sequence for Gold (XAU/USD). Watch the key medium-term pivotal...
PSU bank stocks fall up to 6% as new RBI guidelines spoil mood, ET BFSI
Shares of PSU bank stocks, at least four of which have more than doubled in value in just 1 year, fell up to 6% today with Canara Bank, Punjab National Bank and Bank of Baroda leading the downside. India's largest lender State Bank of India (SBI) also fell over 3% as...
Elvis Presley’s granddaughter, actress Riley Keough, lists her charming Los Angeles cottage for $1.5 million
The actress became the sole owner of Graceland in Memphis, Tenn., after her mother Lisa Marie Presley died in 2023.
Why RBI’s dividend payout to govt this year will be lower, ET BFSI
The Reserve Bank may transfer a lesser dividend to the government for FY'2023-24 compared to previous year's bumper Rs 87416 crore. An explainer on why the dividend will be lower. The budget estimates dividend transfer in FY'2024-25 at Rs 1.02 lakh crore from the...
Eurozone Sentix rises to -3.6, window for ECB rate cut limited
Eurozone Sentix Investor Confidence rose from -5.9 to -3.6 in May, above expectation of -4.8. This marks the seventh consecutive increase and the highest level since February 2022. Additionally, Current Situation Index climbed from -16.3 to -14.3, marking seven...
The revamped 2025 Porsche Taycan EV has better range, faster charging and bigger power
The all-electric 2025 Porsche Taycan midsize luxury car puts pace, poise, and prestige into one highly desirable package.
Arthur Hayes Discusses Crypto Market Turbulence, US Tax Season, Federal Reserve uncertainty and Bitcoin halving
In his recent article, Arthur Hayes delves into the recent market turbulence and its implications for the crypto industry. He acknowledges the pain experienced by many investors as crypto markets experienced a downturn from mid-April...
UGRO Capital Limited embraces Embedded Financing for credit need of small merchants, ET BFSI
PRNewswireMumbai (Maharashtra) [India], May 6: UGRO Capital Limited (NSE: UGROCAP) (BSE: 511742), a leading DataTech NBFC focused on MSME lending, today announced a significant development that underscores its commitment to growth, innovation, and delivering value to...
Trump's porn star hush-money trial enters week four: Here’s what’s happened so far
Trump's historic criminal trial enters week four.
Home loan outstanding up by Rs 10 lakh crore in last two years: RBI data, ET BFSI
NEW DELHI: Credit outstanding to the housing sector rose by nearly Rs 10 lakh crore in the last two fiscals to reach a record Rs 27.23 lakh crore in March this year, according to RBI's data on 'Sectoral Deployment of Bank Credit'.Experts from banking and real estate...
Exclusive: Taurex names Mark Sheng as Commercial Director
FNG Exclusive… FNG has learned that Retail FX and CFDs broker Taurex has named Mark Sheng to the position of Commercial Director. Mark Sheng joined Taurex – then known as Zenfinex – in 2021 as Head of APAC. Prior to Taurex Mark worked at EC Markets as Sales Director,...
Yen Weakens Amidst Subdued Trading, Aussie Up ahead of RBA
Yen weakens broadly in Asian session, albeit in a subdued market environment due to Japan’s holiday. Despite this, the selloff in the Japanese currency remains relatively contained, with traders vigilant of market intervention by Japan. While 160 level against Dollar...
Former CEO Howard Schultz says Starbucks needs to overhaul its customer experience
A week after Starbucks Corp. reported disappointing quarterly earnings and a gloomy annual forecast, its former chief executive said the coffee chain needs to own up to its mistakes and work harder to deliver a better experience for its customers.
Banks may challenge CBI’s retro touch to fraud accounts, BFSI News, ET BFSI
Mumbai: The wrangle between the Central Bureau of Investigation (CBI) and high-street banks over crooked clients may soon boil over to the highest court. A few large banks are planning to move the Supreme Court to resolve the differences that have cropped up over...
UPDATE 1-India’s 6-week long national election leaves cenbank with liquidity dilemma, ET BFSI
(Recasts paragraph 1, updates with comments from economists, background)MUMBAI, - India's central bank is stepping in to ease banking system liquidity conditions as a national election which stretches over six weeks is hurting government spending despite strong tax...
Spot Bitcoin ETF Token Presale Crosses $200,000 – Blockchain News, Opinion, TV and Jobs
ETFswap (ETFS) is reshaping how the crypto industry interacts with Spot Bitcoin ETFs through the tokenization of assets, triggering massive demand for its token presale. The approval of the first Spot Bitcoin ETFs in January 2024 by the United States Security and...
FX option expiries for 6 May 10am New York cut
There are a couple to take note of, as highlighted in bold.The first one being for EUR/USD at 1.0750, so that could hold price action from veering off too far during the session. But with the dollar pressured, it could also act as a minor floor before rolling off...
Berkshire Hathaway has $189 billion in cash. Elon Musk has an idea where Warren Buffett should spend it.
The latest results from Berkshire Hathaway shows that the conglomerate had nearly $200 billion — $189 billion, to be precise —in cash at the end of the first quarter.
Chinese fintech Ant Group doubles down on global expansion with Alipay+
Photo of a person making a mobile payment.Ant InternationalChinese fintech major Ant Group is looking to boost its global presence via its digital offering, Alipay+, as it seeks to connect mobile payment apps around the world."What we found is that people want to use...
Israeli military tells Palestinian civilians in parts of Rafah to ‘evacuate immediately’
Children stand outside their tents at a camp set up for people displaced from Khan Yunis and areas north of Rafah, in the southern Gaza border city with Egypt on Feb. 15, 2024, amid continuing battles between Israel and the Palestinian Hamas movement. Mohammed Abed |...
Marathon Digital Holdings Reports Strong Bitcoin Production and Mining Updates for April 2024
Marathon Digital Holdings, a prominent player in the cryptocurrency mining industry, has recently announced significant updates regarding its bitcoin production and mining operations for the month of April 2024. The company's unaudited...
Prop firm MyFlashFunding suspended from Propfirmmatch for denying payouts
Prop trading comparison site Propfirmmatch.com has announced that US based retail prop trading firm MyFlashFunding has been suspended from its site. According to Propfirmmatch, on May 1 MyFlashFunding reported they had experienced data feed issues, which according to...
Trump VP hopeful Kristi Noem suggests Biden’s dog should be put down
South Dakota Governor Kristi Noem speaks at the NRA-ILA Leadership Forum during the National Rifle Association (NRA) annual convention in Houston, Texas, U.S. May 27, 2022. Shannon Stapleton | ReutersRepublican South Dakota Gov. Kristi Noem implied that President Joe...
Stock-market bulls face test as consumers start to show signs of stress
As the Fed keeps its key interest rate at a 23-year high, consumers are becoming increasingly stressed, which, if continued, could spell trouble for the U.S. stocks.
Inside the final prison verdict on an epic crypto CEO rivalry
Combination showing Former FTX CEO, Sam Bankman-Fried (L) and Zhao Changpeng (R), founder and chief executive officer of Binance.Mike Segar | Reuters | Benjamin Girette | Bloomberg | Getty ImagesAn arch rivalry between one-time crypto titans was brought to a close at...
China’s president arrives in Europe to reinvigorate ties at a time of global tensions
Chinas President Xi Jinping (L) and his French counterpart Emmanuel Macron attend the official welcoming ceremony in Beijing on April 6, 2023. Ludovic Marin | AFP | Getty ImagesChinese President Xi Jinping kicked off a three-country trip to Europe on Sunday with the...
Corporate earnings, global trends to guide trading in markets this week: Analysts, ET BFSI
New Delhi, May 4 (IANS) Markets are likely to turn volatile in the near term given the rising volatility index, analysts said.New Delhi, The ongoing fourth quarter earnings season, global factors and macroeconomic data would guide the trends in the equity markets this...
The bar is creeping higher for second-quarter earnings
One month through this year’s second quarter earnings season, analysts are getting cautiously more optimistic about corporate America’s profitability.
Sanjeev Nautiyal to be Ujjivan Small Finance Bank’s new MD & CEO, ET BFSI
Sanjeev NautiyalSanjeev Nautiyal, former deputy managing director of State Bank of India, will be taking the reins at Ujjivan Small Finance Bank from July 1 as the bank's managing director and chief executive officer.The Reserve Bank of India has approved his...
Wealth 360 One report, ET BFSI
New Delhi [India], May 5 (ANI): The business of striking deals in the country has been robust this year, with an average of three private investment deals being finalised daily.The number of deals and their total value had decreased by one-third compared to financial...
Govt working on global trade topic to push ranking, ET BFSI
New Delhi, With the World Bank planning to come out with its first Business Ready report in September this year, the commerce ministry has started working on the international trade topic in detail to further push India's ranking, an official said. Business Ready...
Muthoot Finance’s arm Belstar Microfinance files Rs 1,300-cr IPO papers with Sebi, ET BFSI
New Delhi, Muthoot Finance's microfinance arm, Belstar Microfinance Ltd, on Sunday filed preliminary papers with capital markets regulator Sebi to raise Rs 1,300 crore through an initial public offering (IPO). The Chennai-based entity's IPO is a combination of fresh...
CEO, BFSI News, ET BFSI
MUMBAI: Kotak Mahindra Bank’s CEO, Ashok Vaswani, said on Saturday that the bank will spend up to Rs 1,700 crore on technology upgrades to address Reserve Bank of India’s concerns regarding the bank’s technology capacity, risk management and resilience.Last month, RBI...
Netanyahu’s Cabinet votes to close Al Jazeera offices in Israel
(EDITORS NOTE: Image depicts death.) Wael Al-Dahdouh, Al Jazeera bureau chief in Gaza, center, comforts relatives at the funeral of his son, Al Jazeera journalist Hamza Dahdouh, killed in an Israeli airstrike, in Rafah, southern Gaza, on Sunday, Jan. 7, 2024. US...
FPIs take cautious approach amid ongoing general elections; inject Rs 1,156 cr in May, ET BFSI
Foreign investors have adopted a "wait and watch" stance amidst the ongoing general elections and have infused just Rs 1,156 crore in the first two trading sessions of this month. This came after FPIs dumped equities worth Rs 8,700 crore in April, on concerns over a...
BounceBit Mainnet Launch Scheduled for May 13, $BB Airdrop to Follow
BounceBit Mainnet Launch Set for May 13 BounceBit, a notable player in the cryptocurrency sector, has officially announced the launch schedule for its highly anticipated Mainnet. This move is set to revolutionize the way users interact...
FX week in review: Spotware CMO, CFI in South Africa, XTB and Dukascopy results
Hard to believe that yet another month of 2024 is in the books, but before we get to this week’s top stories we’re pleased to report that FNG had yet another month of record traffic and visitors in April. FNG’s dominance of FX and CFD industry news among both traders...
Forex and Cryptocurrency Forecast – Action Forex
EUR/USD: What’s Wrong with the US Soft Landing? The headline of our last review stated that inflation remains stubborn, and the US GDP is slowing. Newly arrived data have only confirmed these assertions. A crucial inflation measure that the Federal Reserve follows –...
‘I live in a slum’: My ex-husband knocked down, then rebuilt my home and left it in foreclosure. Now he refuses to pay alimony.
“He woke one morning and announced he was done.”
Betting on the Kentucky Derby? Here’s how to think like a professional handicapper.
This year’s race, on May 4, marks the 150th edition of the Run for the Roses.
France’s Macron set to press visiting Xi on trade, Ukraine
Chinas President Xi Jinping (L) and his French counterpart Emmanuel Macron attend the official welcoming ceremony in Beijing on April 6, 2023. Ludovic Marin | AFP | Getty ImagesChina's President Xi Jinping heads to Paris on Sunday for a rare visit, with his French...
Sanctions Reach Won’t Disrupt The Dollar’s Reserve Currency Status
Summary In recent times, the U.S. dollar’s status as the global reserve currency has been questioned, more so now that the reach of U.S. sanctions capabilities has been expanded to seize foreign government dollar assets. But despite the risk of having assets...
River House at Odette’s Review – New Hope, PA
Picture this: You’re nestled in a cozy and sophisticated boutique hotel along the banks of the Delaware River on your own private balcony. Taking in the warm golden morning light you sip a velvety cappuccino you made from your in-room espresso machine. The sun is...
Speculators strongly boosting US Dollar bets vs Major Currencies :: InvestMacro
COT | Data | Leaders | What is COT? | Excel | COT DashboardHere are the latest links to our coverage of the Commitment of Traders data changes. Data updated through April 30th.The COT currency market speculator bets were higher this week as eight out of the eleven...
Americans are down on the economy — but there are good reasons to be optimistic
Biden unfairly gets poor marks for handling of the U.S. economy — which is improving.
401(k) plans lack one benefit that would make a big difference in retirement
While the U.S. retirement system relies on employer-provided 401(k) plans to help most workers save and invest for their golden years, few of these plans help retirees avoid outliving their old-age savings.
How interest in electric vehicles has stalled over the last 3 years, in one chart
The promised American switch to electric vehicles from gas-engine cars is hitting speed bumps, and a new survey offers fresh indications of that slowdown.
Strategies to Grow Your Subscriber List for a Newsletter or Blog » Succeed As Your Own Boss
Growing your subscriber list for a small business newsletter or blog is vital for expanding your reach, increasing engagement, and driving conversions. Building a robust subscriber base allows you to connect with your target audience, nurture relationships, and...
Mario Gabelli reveals his market-beating secrets and offers some favorite stock picks
The veteran investor’s recipe: Find a good business with good management, buy the stock at a reasonable price and hold long-term.
Hit it & Quit It with Gloria Chou, Dan Stalp, and Dave Newell » Succeed As Your Own Boss
Gloria Chou is an award-winning Small Business PR coach and host of the top-rated Small Business PR Podcast. Her untraditional yet proven PR methods that allow anyone to gain top-tier, earned media without needing to hire an agency, have industry connections, or any...
Using debt to finance government spending is not a free lunch
Government debt can be a valuable tool — but it has consequences.
How to Find the Perfect Business Idea » Succeed As Your Own Boss
Embarking on the path of entrepreneurship is not merely about having the drive and passion; it’s also about channeling that energy into the right business opportunity. Once you’ve scrutinized your abilities, identified your strengths, and visualized your...
Speculator bets led lower by S&P500 & MSCI EAFE :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday April 30th and shows a quick view of how large traders...
How to Love On Your Customers Better with Melinda Emerson » Succeed As Your Own Boss
Melinda F. Emerson, “SmallBizLady” is America’s #1 Small Business Expert. She is an internationally renowned keynote speaker on small business development, social selling, and online marketing strategy. As CEO of Quintessence Group, her Philadelphia-based marketing...
Labour’s Sadiq Khan wins re-election as London mayor
Mayor of London Sadiq Khan hopes to convince U.S. tech firms to invest more in London.Leon Neal | Getty ImagesSadiq Khan was re-elected as London's mayor, final results showed on Saturday, helping to cement the Labour Party's commanding lead over the governing...
Beating inflation will likely require U.S. unemployment to rise
Americans are on a frustrating search for a soft economic landing.
Are You Keeping Your Business Commitments to Yourself? » Succeed As Your Own Boss
Entrepreneurship is a spiritual journey as much as anything else. It requires making commitments that often extend beyond the promises made to employees, vendors, and clients; it also encompasses the pledges we make to ourselves. These internal commitments are the...
How to Build Business Credit with Angelic Williams » Succeed As Your Own Boss
In this episode, Melinda Emerson chats with Angelic Williams about the nuances of business credit. They delve into its difference from personal credit, the significance of the Paydex score, and the steps to build a business credit profile. They also discuss common...
EUR/AUD Weekly Outlook – Action Forex
EUR/AUD’s fall from 1.6742 continued last week despite interim strong rebound. Initial bias stays on the downside this week. This decline is seen as the third leg of the corrective pattern from 1.7062. Further fall should be seen to expected to 1.6127 support, or...
The U.S. economy and stocks have likely dodged a recession: El-Erian
The U.S. is the sole major engine of global growth in an increasingly less-stable world.
Speculator bets led lower by SOFR 3M & 10-Year Bonds :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday April 30th and shows a quick view of how large...
How to Hire a Virtual Assistant » Succeed As Your Own Boss
Hiring a virtual assistant (VA) can be a valuable investment for small business owners looking to streamline operations, increase productivity, and focus on core business activities. Whether you need help with administrative tasks, customer support, or specialized...
The U.S. birth rate has never been lower. Here’s what that means for stocks.
Americans aren’t having as many kids, but the economy can handle that — for now.
EUR/GBP Weekly Outlook – Action Forex
EUR/GBP’s rebounded strongly last week after initial fall to 0.8529. Initial bias remains neutral this week with focus on 0.8582 resistance. Further decline is expected as long as 0.8582 resistance holds. Below 0.8529 will target 0.8491/7 support zone. However,...
How to Leverage AI to Grow Your Business with Aprelle Duany » Succeed As Your Own Boss
In this episode, Melinda Emerson talks with Aprelle Duany about the role of AI in businesses. They discuss Duany’s journey into AI, practical applications, and the challenges encountered in its adoption. Also, they explore how AI improves customer experience and the...
Speculator bets led by Gold & Steel :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday April 30th and shows a quick view of how large traders...
Celebrate National Small Business Week 2024 » Succeed As Your Own Boss
Join me and the Small Business Administration for National Small Business Week from April 28 – May 4, 2024. This is our nation’s celebration of the 33.5 million small businesses across the country. Small businesses are the backbone of our economy, and this is our week...
We’re all paying a high price for letting corporations have free rein over us
Deliberately weakening social protections has created greater financial and economic insecurity.
GBP/JPY Weekly Outlook – Action Forex
GBP/JPY reversed after rising to 200.53 last week and fell sharply since then. Initial bias remains on the downside this week. Sustained break of 55 D EMA (now at 191.34) will extend the fall from 200.53, to 61.8% retracement of 178.32 to 200.53 at 186.80. On the...
Hit it & Quit It with Angelic Williams and Aprelle Duany » Succeed As Your Own Boss
In this episode, Melinda Emerson welcomes Angelique Williams and Aprelle Duany for a lively discussion. They delve into their “Hit it and Quit It” philosophy, share favorite business apps, and offer some old school marketing tips. The discussion wraps up with their...
Micron, GM join Big Tech on this list of 20 biggest winners this earnings season
Companies in the S&P 500 increasing sales by double digits while improving profit margins also include Netflix, two home builders and American Express.
FX Speculators reduce bearish bets for Yen, Canadian & Australian Dollars :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday April 30th and shows a quick view of how large market...
USD/CAD Weekly Outlook – Action Forex
USD/CAD’s correction from 1.3845 extended to 1.3608 last week, but recovered after drawing support from 55 D EMA (now at 1.3616). Initial bias is neutral this week first. Strong rebound from current level, followed by break of 1.3782 resistance, will retain near term...
Does financial literacy actually make you better with money? Critics say ‘it’s not the salve that people think it is.’
The pandemic spurred new investment in financial-education programs. But some critics say it’s a shortsighted solution to the challenges we face in managing our money.
AUD/USD Weekly Report – Action Forex
AUD/USD’s rebound from 0.6361 continued last week despite interim pull back. Breach of 0.6643 resistance affirms the case that fall from 0.6870 has completed with three waves down to 0.6361. Initial bias stays on the upside this week for 100% projection of 0.6361 to...
Speculator bets led by Wheat, Soybean Meal & Corn :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday April 30th and shows a quick view of how large...
My wife and I are 78. This is how we manage investment risk without panicking.
Many retirees take the wrong level of risk because they don’t understand it or they don’t want to think about it
GBP/USD Weekly Outlook – Action Forex
GBP/USD’s rebound from 1.2298 resumed by breaking through 1.2568 last week. The strong break of 55 D EMA suggest that fall from 1.2892 has completed with three waves down to 1.2298. Initial bias stays on the upside this week. Break of 61.8% projection of 1.2298 to...
Beat Warren Buffett’s portfolio with this golden pick
Gold is not considered a respectable investment in polite circles, but maybe it should be.
USD/JPY Weekly Outlook – Action Forex
USD/JPY reversed after spiking higher to 160.20 last week, and fell sharply since then. Initial bias remains on the downside this week for deeper fall. But strong support should be seen from 150.87 resistance turned support to bring rebound. Above 153.81 minor...
Errors on credit reports are an ‘epidemic’ — but nearly 25% of Americans can’t access their credit reports to check for mistakes, consumer advocates say
Credit reports are supposed to be available for free every week, but many consumers can’t get to their data, a Consumer Reports study found.
Dutch Authority Seizes €12 Million in Gambling Platform Scam Investigation
The Dutch Fiscal Information and Investigation Service (FIOD) has made four arrests and seized over €12 million in a scam involving an online gambling platform, according to a statement released on their official website. The FIOD,...
Copper, Silver & Commodities Index lead Bullish Positions :: InvestMacro
By InvestMacroThe latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on April 30th 2024.This weekly Extreme Positions report highlights the Most Bullish and Most...
HSA costs you need to watch out for — and when not to worry
Health savings accounts are powerful tax-advantaged tools to pay for healthcare, but there are hidden fees that could cost consumers some of their savings, the Consumer Financial Protection Bureau warns.
EUR/USD Weekly Outlook – Action Forex
EUR/USD’s rise from 1.0601 resumed last week and the strong break of 55 D EMA argues that fall from 1.1138 might have completed. Initial bias stays on the upside this week. Firm break of 100% projection of 1.0601 to 1.0752 from 1.0648 at 1.0799 will pave the way to...
With more of us living longer, traditional retirement plans just won’t cut it
Whatever your age, you need to invest more in your future to ensure you age well.
Dollar Falls as Prospects of Two Fed Rate Cuts This Year Reemerge
Dollar concluded last week with significant losses, influenced by a set of factors that realigned market expectations and investor sentiment. A pivotal moment came with Fed Chair Jerome Powell’s much less-hawkish-than-feared remarks at the FOMC press conference,...
Management on RBI regulations, ET BFSI
Kotak Mahindra Bank on Saturday while announcing the results for the quarter ending March 31, 2024 said that the bank's focus is on customers, and that it is worried about the reputational risk more than that of the impact of its finance.While announcing the results,...
Binance Introduces OM Locked Staking with up to 19.9% APR
Binance, the world's leading cryptocurrency exchange, has launched the OM Locked Staking product offering up to an impressive 19.9% APR. The announcement was made on the Binance website on September 17th, 2021. The launch of OM Locked...
Credit cards are the ‘financing of last resort’ for older adults as inflation persists
As inflationary pressures leave older adults with little wiggle room to pay for everyday items and cover emergency costs, credit cards have become the financing method of last resort. As a result, balances have jumped since last year.
USD/CHF Weekly Outlook – Action Forex
Despite edging higher initial to 0.9223 last week, USD/CHF was rejected by 0.9243 key resistance and fell sharply since then. Initial bias stays on the downside this week. Sustained break of 55 D EMA (now at 0.8989) will bring deeper fall to 38.2% retracement of...
I’m in my 50s, earn over $200,000, own a $1.75 million home and have $4 million in savings. Should I pay off my 2.75% mortgage?
“My business has been doing well lately, and I am able to take nice owner distributions of $10,000 to $30,000 per month,”
Carlyle sells 2% in Yes Bank for Rs 1,441 crore, BFSI News, ET BFSI
NEW DELHI: Carlyle Group on Friday divested nearly a 2% stake in private sector lender Yes Bank for Rs 1,441 crore through an open market transaction.US-based Carlyle Group, through its affiliate CA Basque Investments, offloaded shares in Yes Bank through a bulk deal...
Why election polls were wrong in 2016 and 2020 — and what’s changing
Voters fill out their ballots on January 23, 2024 in Loudon, New Hampshire. With Florida Governor Ron DeSantis dropping out of the race two days earlier, Republican presidential candidates former President Donald Trump and former UN Ambassador Nikki Haley are battling...
EUR/JPY Weekly Outlook – Action Forex
EUR/JPY reversed after initial rise to 171.58 last week and fell sharply. Initial bias remains on the downside this week. Sustained break of 55 D EMA (now at 163.94) will extend the fall from 171.58 to 61.8% retracement of 153.15 to 171.58 at 160.19. On the upside,...
Does inflation share a relationship with default?, BFSI News, ET BFSI
Empirically, Inflation or ‘Mehengai’ is notoriously infamous for causing stirs and uproars in the public domain. Ask any businessman, large or small, organized or informal, about inflation, it is likely that a majority will grumble about rising input costs and its...
Corporate insiders are on a buyers’ strike — signaling more downward pressure on stocks
Executives in the know aren’t biting at discounted share prices.
Banks homing in on a bigger share of expanding real estate pie, ET BFSI
Bank loans to commercial real estate which also includes residential construction, last fiscal year nearly tripled at 23 percent, excluding the impact of the merger of HDFC with HDFC Bank. Outstanding loans amounted to Rs 3.97 lakh crore.If one includes the merger...
EUR/CHF Weekly Outlook – Action Forex
EUR/CHF’s rebound from 0.9563 should have completed at 0.9835 last week after rejection by 0.9847 resistance. Initial bias stays on the downside this week. Fall from 0.9835 is seen as the third leg of the corrective pattern from 0.9847, and should target 0.9563...
We need to make a housing decision fast, and the only place to get the funds is our retirement savings
A couple needs to make a housing decision fast, and the only place to get the funds is their retirement savings.
Star Wars was the first Lego license — 25 years later, it’s stronger than ever
Star Wars Lego models are seen at the Bricks & Figs museum in Krakow, Poland, on April 15, 2023.Anadolu | Anadolu | Getty ImagesIf you are a Star Wars fan, Jens Kronvold Frederiksen may have crafted your childhood.A design director at the Denmark-based Lego...
Uzbekistan positions itself as a regional investment hub, ET BFSI
Uzbekistan is positioning itself as the regional hub for investments in the backdrop of critical reforms and focus on market economy attracting foreign investments including from India.To boost investments Third Tashkent International Investment Forum was organised in...
Same job, $16 less per hour: Frustrated job hunters can’t find roles that pay as well as their old ones
The latest jobs report shows the labor market is still strong, but some workers say they’ve been forced to take jobs that pay almost half what they earned before.
RBI approves reappointment of Atanu Chakraborty as part-time chairman of HDFC Bank for 3 years, ET BFSI
The Reserve Bank of India on Friday approved the reappointment of Atanu Chakraborty as part time chairman of HDFC Bank for a period of three years w.e.f. May 05, 2024 to May 04, 2027.Chakraborty served the Government of India for 35 years as a member of the Indian...
RBI directs banks to restrict capital market exposure, BFSI News, ET BFSI
New Delhi [India], May 3 (ANI): The Reserve Bank of India (RBI) has issued directives to banks regarding their exposure to the capital markets, emphasizing compliance with prescribed guidelines. The latest circular, pertains specifically to the "Banks' Exposure to...
Gold is overvalued now and won’t help you beat inflation in coming years
New research sees gold lagging U.S. inflation by more than 7% a year over the next decade.
India’s Kotak Mahindra Bank beats estimates with 26% rise in Q4 net profit, ET BFSI
MUMBAI - India's Kotak Mahindra Bank reported a better-than-expected 26% increase in fourth-quarter net profit on Saturday, buoyed by higher core lending income and healthy loan growth. The private lender's standalone net profit, excluding subsidiaries, rose to 41.33...
RBI imposes monetary penalty on Satara Sahakari Bank Limited, BFSI News, ET BFSI
The Reserve Bank of India (RBI) has taken stringent action against The Satara Sahakari Bank Limited, Mumbai, Maharashtra, by imposing a monetary penalty of Rs 2 lakh for non-compliance with certain provisions of the Banking Regulation Act, 1949 (BR Act) and RBI...
Consumer companies on recovery path; FY25 India business looks bright, ET BFSI
Kolkata | Mumbai: Chief executives and CXOs of 10 top global and Indian consumer-facing companies, including Coca-Cola, Reliance Retail, Apple, Shoppers Stop, Pernod Ricard, Carlsberg and Dabur, said demand has strengthened since March, bolstering quarterly sales, and...
Here’s how much Buffett’s Berkshire Hathaway could make from Apple’s dividend hike
Apple said it will increase its cash dividend by 4%, which is good news for Warren Buffett’s company.
Summary 5/6 – 5/10
Monday, May 6, 2024 Tuesday, May 7, 2024 Wednesday, May 8, 2024 Thursday, May 9, 2024 Friday, May 10, 2024 The post Summary 5/6 – 5/10 appeared first on Action Forex.
Govt to buy back bonds worth Rs 40,000 crore; move to ease tight liquidity, ET BFSI
Mumbai: In a move that will ease the prevailing tight liquidity conditions in the banking system, the Reserve Bank of India on Friday said the Centre plans to buy back Rs 40,000 crore worth of government securities on May 9, the first such repurchase since 2018.The...
$7,500 for tequila? The Cinco de Mayo staple has become a super-premium spirit.
“As more consumers make tequila their spirit of choice, we’ve seen them gravitate towards high-quality, premium tequilas,” Patrón executive says.
HSBC has no plans to dispose of further businesses, says chairman Mark Tucker, ET BFSI
HSBC has no current plans to sell more assets, its chairman Mark Tucker said on Friday at the annual shareholder meeting of the bank, which has scaled back its presence in Western markets in recent years as part of a sweeping overhaul.HSBC shareholders met in London...
Govt mulls survey to estimate cost of logistics incurred by businesses, ET BFSI
New Delhi: The government is likely to initiate a first of its kind survey to arrive at robust and timely estimates for the cost of logistics incurred by businesses, said people familiar with the matter.The Department for Promotion of Industry and Internal Trade...
Canadian Jobs Data to Show Further Labour Market Softening
The Canadian labour market report will be watched closely next Friday for further signs of deterioration in the country’s economic backdrop. We look for an increase of 15,000 workers after a small 2,000 drop in employment in March. But the unemployment rate will hold...
U.S. stocks rally on ‘Goldilocks’ jobs report as Wall Street’s fear gauge slides
U.S. stocks have swung to an upbeat start in May, with Wall Street’s “fear gauge” easing to its lowest level since the end of March as investor anxieties tied to inflation appeared to subside.
US SEC Extends Review Period for 7RCC’s Bitcoin ETF Listing
An extension of the review time for 7RCC's Bitcoin exchange-traded fund (ETF) listing has been announced by the United States Securities and Exchange Commission (SEC). At this point, the commission will make its final judgement about the...
RBI issues draft guidelines on infrastructure finance, BFSI News, ET BFSI
The Reserve Bank of India (RBI) has proposed to overhaul rules governing project lending to enable the flow of funds to infrastructure and, at the same time, ensure that the risk metrics are under control. It has stipulated minimum exposure of banks in consortium...
PSBs plan to set up ‘green cells’ for climate funding, BFSI News, ET BFSI
State-run lenders will look to set up specialised 'green cells' with dedicated employees for climate-specific initiatives. These measures are part of the Enhanced Access and Service Excellence (EASE) reform version 7.0, which was rolled out last week.A senior bank...
Weekly Economic & Financial Commentary: Yen Falls to 34-Year Low, Prompting Possible BoJ Intervention
Summary United States: April Brings Signs of Cooling in Economic Growth Q2 began on a softer note. Employment growth was sturdy in April, but the 175K jobs added was the smallest gain since October. The below-consensus gain was accompanied by an increase in the...
Can you buy a house if you make less than $100,000? Yes — in these 10 metro areas.
Dreaming of buying a house in today’s challenging real estate market? In this economy, you’ll need to make at least six figures — in most markets.
Centre for Financial Accountability urges RBI to broaden scope of climate-related financial risk framework, ET BFSI
In response to the Reserve Bank of India's (RBI) 'Draft Disclosure Framework on Climate-Related Financial Risks' released in February 2024, the Centre for Financial Accountability (CFA) has advocated for an expanded approach to assessing and addressing climate-related...
Corporate affairs ministry bats for effective cost audits to curb corporate frauds, ET BFSI
New Delhi: The corporate affairs ministry has underscored the importance of effective and timely cost audits to curb manipulation by unscrupulous elements, a development that comes amid increasing bids by fraudulent companies to mislead authorities with dodgy...
Announces $1,000,000 Creator and Community Member Grants & Bybit IDO – Blockchain News, Opinion, TV and Jobs
Zurich, Switzerland, May 3rd, 2024, Chainwire Galaxis is preparing for this month’s token launch on Bybit, with the first phase commencing through the IDO. To further enhance this launch, Galaxis has announced a substantial $1,000,000 Community Creator and Community...
GameStop’s stock skyrockets 29% to continue rally and register biggest gain in over a year
Shares of videogame retailer and original meme stock GameStop surged on no apparent news this week.
Apple is Buffett’s biggest stock, but his moat thesis faces questions
Tim Cook and Warren BuffettGetty Images (L) | CNBC (R)Berkshire Hathaway's Warren Buffett was still using a flip phone as late as 2020, four years after his investment behemoth started amassing a huge stake in the company that makes iPhones."I don't understand the...
The Weekly Bottom Line: Holding Steady for Longer
U.S. Highlights The Federal Reserve held the policy rate steady this week and signaled that rates will likely remain higher for longer. The U.S. jobs engine slowed in April, adding 175k jobs. The unemployment rate rose modestly to a still low 3.9%. Last year’s...
Forex reserves drop USD 2.41 bn to USD 637.92 bn in third consecutive week of decline, ET BFSI
Mumbai, India's forex reserves dropped USD 2.412 billion to USD 637.922 billion as on April 26, in the third consecutive weekly decline in the reserves, the Reserve Bank of India (RBI) said on Friday. In the previous reporting week, the overall reserves had declined...
RBI proposes minimum loan exposure for project finance by banks, ET BFSI
The Reserve Bank of India (RBI) unveiled draft guidelines on project financing aimed at enhancing transparency and risk management in consortium lending, proposing a minimum loan exposure floor for banks and mandated standards for asset provisioning during project...
US NFP grows only 175k, unemployment rate rises to 3.9%
US Non-Farm Payroll employment grew 175k in April, well below expectation of 243k. It’s also way lower than the average gain of 242k in the prior 12 months. Unemployment rate rose from 3.8% to 3.9%, above expectation of 3.8%. Labor force participation rate was...
Oil prices log worst week since February as concerns over Middle East supply risks fade
Oil futures finished lower Friday — with easing concerns over potential supply disruptions in the Middle East, strong U.S. production and signs of slowing demand prompting prices to register their largest weekly percentage loss since early February.
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.9079; (P) 0.9126; (R1) 0.9155; More…. USD/CHF’s sharp fall and strong break of 0.9087 support confirms short term topping at 0.9223, after first rejection from 0.9243 key resistance. Intraday bias is back on the downside, and deeper fall would be...
Shares of nanocap Safe & Green Holdings skyrocket in ‘insane’ move
Safe & Green Holdings Corp. shares skyrocketed 86.7% Friday, a day after the design- and construction-services company completed its reverse stock split.
Cocoa futures turn bitter as prices drop 30% from record highs
Cocoa futures on Friday marked a drop of 30% from their all-time highs, as a buying frenzy that lifted prices to a record just two weeks ago gave way to expectations for better crop conditions and worries about a drop in demand.
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 152.37; (P) 154.33; (R1) 155.60; More… USD/JPY’s fall from 160.20 short term top continues today and intraday bias remains on the downside for 61.8% retracement of 146.47 to 160.20 at 151.71. Strong support should be seen from 150.87 resistance...
Dave & Buster’s plan to allow betting on arcade games draws scrutiny
A Dave & Buster's location in the Gateway Center shopping complex in the Brooklyn borough of New York, US, on Saturday, March 30, 2024. Bing Guan | Bloomberg | Getty ImagesArcade chain Dave and Buster's plan to allow customer betting isn't winning over...
Is Intel (INTC) a Buy, Sell, or Hold Amidst Tough Competition? :: InvestMacro
By Ino.comIntel Corporation (INTC), a prominent semiconductor company, is currently navigating a challenging phase characterized by a dwindling financial outlook and difficulties sustaining competitiveness within the semiconductor industry. Intel stands behind many...
In Norfolk Southern board battle, proxy adviser Egan-Jones throws weight behind activist Ancora
Egan-Jones has joined fellow proxy advisers Institutional Shareholder Services and Glass Lewis in stepping into activist Ancora’s board battle with railroad operator Norfolk Southern.
Guo Wengui chief of staff pleads guilty to $1 billion fraud
Fugitive Chinese billionaire Guo Wengui hold a news conference on November 20, 2018 in New York, on the death of of tycoon Wang Jian in France on July 3, 2018.Don Emmert | AFP | Getty ImagesThe chief of staff to controversial exiled Chinese businessman Guo Wengui...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2490; (P) 1.2517; (R1) 1.2563; More… GBP/USD’s rebound from 1.2298 resumed by breaking through 1.2568 resistance and intraday bias is back on the upside. Strong break of 55 D EMA suggest that fall from 1.2892 has completed with three waves down to...
Amgen scraps experimental weight loss pill, moves forward with injection
The Amgen logo is displayed outside Amgen headquarters in Thousand Oaks, California, on May 17, 2023.Mario Tama | Getty ImagesAmgen on Thursday said it will stop developing its experimental weight loss pill and instead move forward with its injectable drug and other...
Financial experts told consumers to stop ‘wasting’ money eating out. They’re finally listening — and companies are rattled.
“Americans need to reprioritize their cash flow in difficult times,” according to one financial planner. “McDonald’s and Starbucks will survive.”
US ISM services falls to 49.4, back in contraction
US ISM Services PMI fell from 51.4 to 49.4 in April, well below expectation of 52.3. That’s the first contraction reading in after 15 months of growth. Business activity/production fell sharply from 57.4 to 50.9. New orders fell from 54.4 to 52.2. Employment tumbled...
Premji Invest in advanced talks for big stake in Bank of Baroda’s Nainital Bank, ET BFSI
Premji Invest, the family office of Wipro founder Azim Premji, is in advanced talks to acquire a majority stake in Nainital Bank, which is a subsidiary of the publicly owned Bank of Baroda, three people aware of the discussions said. The proposed investment is likely...
Bitcoin falls to 50% of 2024 range this week and bounces. Price back above 100 day MA
The price of bitcoin moved lower earlier this week and in the process fell below the 100 day MA in the process (blue line in the chart below currently near $60000), and toward the 50% midpoint of the 2024 trading range. That level comes in at $56,150. The low this...
9 places to retire where you can go back to college practically free
What will you do in retirement? Whatever piques your interest, there’s probably a class for that.
Skydance could drop bid after Sony Apollo offer
Shari Redstone, chair of Paramount Global, attends the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, on Tuesday, July 11, 2023.David A. Grogan | CNBCSkydance Media is prepared to walk away from its offer for Paramount Global unless it receives...
Sunset Market Commentary – Action Forex
Markets Yields this morning cautiously continued the downtrend after Powell’s rather mild assessment at the press conference on Wednesday. The Fed chair indicated that, despite disinflation making little progress of late, keeping the policy rate a while longer at...
FuboTV’s stock dives as excessively high licensing costs led to loss of content
FuboTV’s took a dive Friday, after the sports-first TV-streaming company reported a first-quarter loss that was only half what was expected, but said monopolistic, extremely high content costs led to the loss of some programming.
Airtel Payments Bank CEO, ET BFSI
Airtel Payments Bank has nearly 500,000 banking points spread across the country, today.Airtel Payments Bank CEO Anubrata Biswas is optimistic that the payments bank momentum in India will yield strong growth horizons and opportunities in the coming years, supported...
Immigrant workers are helping boost the U.S. labor market
People walk through the newly opened Grand Central Madison train terminal in Manhattan on February 27, 2023 in New York City.Spencer Platt | Getty ImagesThe strong jobs market has been bolstered post-pandemic by strength in the immigrant workforce in America. And as...
Weekly Focus – Spring Has Brought a More Muted Euro Area Price Pressure
Longer dated yields edged a bit lower in a week with few data surprises and no surprises from the Fed. In FX markets, yen trading has been the most action packed with USD/JPY touching 160 for the first time since 1990, triggering what looks like intervention from...
Here’s what is so amazing about Apple’s stock buybacks
Also: Mario Gabelli talks about how he selects stocks for long-term investment.
Indian Bank cuts TBLR-based loan rates, BFSI News, ET BFSI
New Delhi, State-owned Indian Bank on Thursday cut the Treasury Bills benchmark lending rates (TBLR) across tenure, with effect from May 3. The bank, however, retained the marginal cost of funds ( MCLR)-based lending rates. TBLR for loans of 3 months or less will have...
We are careening toward a loneliness epidemic. What will we do about it?
New research shows that as we get older, we get lonelier.
Berkshire Hathaway’s big mystery stock wager could be revealed soon
Warren Buffett tours the grounds at the Berkshire Hathaway Annual Shareholders Meeting in Omaha Nebraska.David A. Grogan | CNBCBerkshire Hathaway, led by legendary investor Warren Buffett, has been making a confidential wager on the financial industry since the third...
Week Ahead – BoE and RBA Decisions Headline a Calm Week
Bank of England meets on Thursday, unlikely to signal rate cuts Reserve Bank of Australia could maintain a higher-for-longer stance Elsewhere, Bank of Japan releases summary of opinions BoE – No rate cuts yet Britain’s economy seems to have escaped the shallow...
Jobs gains were decent in April. But here’s what Biden really has to worry about.
Voters remain most concerned about inflation.
Private banks take NIM hit in Q4 due to higher deposit rates, ET BFSI
Private banks faced pressure on their Net Interest Margins (NIM) during the fourth quarter, as they offered higher deposit rates amid tight liquidity conditions.Lenders have reported a year-on-year decline in NIM ranging from 5 to 50 basis points in the fourth...
Could BoE Adopt a More Dovish Stance on Thursday?
The BoE meets on Thursday; no interest rate change is expected Quarterly projections could support market expectations for rate cuts Pound in need of a boost against the euro Decision time for the BoE The Bank of England will hold its third gathering for 2024 on...
Talent war between family offices and Wall Street drives up salaries
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.The typical family office costs more than $3 million a...
SEC charges firm that audits Trump’s Truth Social with ‘massive fraud’ affecting hundreds of filings
The regulatory agency said that hundreds of audits done by BF Borgers CPA PC contained “deliberate and systemic failures” that included false documentation to make it appear their reports complied with standards set by the Public Company Accounting Oversight Board.
Apple stock on pace for best day since 2022 after earnings beat
Apple's Chief Executive Officer Tim Cook attends the China Development Forum in Beijing on March 24, 2024. Pedro Pardo | AFP | Getty ImagesApple shares popped more than 6% on Friday morning after the company reported better-than-expected second-quarter earnings and...
Bank of England Preview – Setting the Stage for a June Cut
We expect the Bank of England (BoE) to keep the Bank Rate unchanged at 5.25% on 9 May, which is in line with consensus and current market pricing. Overall, we expect the MPC to soften its communication, priming the markets for imminent start to a cutting cycle. We...
Stock market crash today: BSE Sensex plunges over 1,100 points to dip below 74,000; Nifty50 around 22,350 as bears growl
Stock market crash today: BSE Sensex and Nifty50, the Indian equity benchmark indices, tanked in trade on Friday, despite a strong opening and the Nifty reaching a new all-time high. Selling pressure in index heavyweights Reliance Industries (RIL) and HDFC Bank...
Amgen soars on weight loss drug progress, Novo Nordisk, Eli Lilly slide
Pavlo Gonchar | Lightrocket | Getty ImagesAmgen's stock rose more than 12% on Friday after the drugmaker teased positive initial data on its experimental weight loss injection. That fueled investor concerns about new competition in the rapidly growing weight loss drug...
As Warren Buffett hosts first Berkshire Hathaway annual meeting without Charlie Munger by his side, here’s what to watch
Here’s what will be top of mind for investors when Warren Buffett takes hours of questions at Berkshire Hathaway’s annual meeting on Saturday.
April Showers on the Jobs Market
Summary The employment situation report for April kicked off the second quarter with signs that the labor market is cooling. Nonfarm payrolls increased by 175K in the month, below consensus expectations for a 240K gain, while the unemployment rate rose a tenth to...
ISM service-sector gauge weakens sharply in April
The Institute for Supply Management said on Friday that its service-sector PMI dropped sharply to 49.4% in April from 51.4% in the prior month.
Trump Media auditor charged by SEC with ‘massive fraud,’ permanently barred from public company audits
Rafael Henrique | Lightrocket | Getty ImagesThe auditing firm for Trump Media and the auditor's owner were charged Friday with "massive fraud" by the Securities and Exchange Commission for work that affected more than 1,500 SEC filings, the federal regulator...
RBI lifts digital lending curbs on Bajaj Finance after 6 months, ET BFSI
MUMBAI: RBI has lifted digital lending restrictions on Bajaj Finance nearly six months after it imposed them for violation of its guidelines. RBI had, on Nov 15, 2023, directed Bajaj Finance to halt loan issuance through its 'eCOM' and 'Insta EMI Card'.RBI had imposed...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0689; (P) 1.0710; (R1) 1.0745; More… EUR/USD’s rebound from 1.0601 resumed by breaking through 1.0752 and intraday bias back on the upside. Strong break of 55 D EMA suggests that fall from 1.0980 has completed with three waves down to 1.0601....
Former FTX Executive Ryan Salame Agrees to Forfeit $5.9 Million Bahamas House in Plea Agreement
In a dramatic turn of events involving the criminal case that includes Ryan Salame, the former co-CEO of FTX Digital Markets, it has been announced that Salame has accepted to give up his Bahamas property, which is valued at $5.9 million,...
Amgen’s obesity-drug stock surge still in ‘early innings,’ analysts say
Analysts see more gains ahead for Amgen after a stock surge fueled by upbeat comments on experimental obesity drug.
EigenLayer Expands Airdrop and Addresses Community Concerns
In response to community concerns and feedback, EigenLayer, a prominent Ethereum restaking protocol, has recently announced an expansion of its initial EIGEN token airdrop. Over 280,000 eligible wallets will receive an additional 28...
Ujjivan Small Finance Bank appoints Carol Furtado as executive director, ET BFSI
Kolkata: Ujjivan Small Finance Bank has appointed Carol Furtado as executive director for three years with effect from May 1.The Reserve Bank of India has approved the appointment.Ms Furtado has been with the bank since its inception and assumed various key positions...
IRS says audits for rich people and corporations are about to hit a whole new level. Buckle up.
The tax agency announced new goals in an effort to show what it’s doing to maximize the billions of dollars provided by the Inflation Reduction Act.
US: Job Gains Lose Some Momentum in April, Unemployment Rate Ticks Up to 3.9%
Non-farm employment rose by 175k in April, below the consensus forecast of 240k. Job gains in the two prior months were also revised lower by a combined 22k. Private payrolls rose 167k, with most of the gains concentrated in health care & social assistance (87k),...
‘I see my greedy in-laws as misogynists’: I was a stockbroker in the 1980s and always kept my money separate from my husband’s. Is such self-protection justified?
“The biggest surprise when we got married was that my husband’s family saw me as a paycheck, even though they are all educated.”
Comprehensive Miss in Non-Farm Payroll Data Sends Dollar Plummeting
Dollar falls steeply in early US session following a disappointing non-farm payroll report that fell short of market expectations across key metrics including job growth, unemployment rate, and wage growth. DOW futures surge over 500 pts at the same time while 10-year...
The British index has updated the historical maximum. Oil lost 5% over the week :: InvestMacro
By JustMarketsAt the end of Thursday, the Dow Jones Index (US30) rose by 0.85%, and the S&P 500 Index (US500) rose by 0.91%. The NASDAQ Technology Index (US100) closed negative 0.33%. Optimism about the economic outlook is supporting stocks. Stocks have also...
16% uptick in overall outstanding loans in Mar’24, ET BFSI
BFSI sector recorded a steady credit with strong growth in overall outstanding loans increasing by approximately 16 per cent on a yoy basis in March, 2024. Deposit growth picked up yoy and is likely to see further uptick in the current rising interest rate regime. On...
Trump trial resumes after infamous Cohen phone call tape is played for jury
Former U.S. President Donald Trump attends the first day of his trial for allegedly covering up hush money payments at Manhattan Criminal Court on April 15, 2024 in New York City. Angela Weiss | Getty ImagesThis is developing news. Check back for updates throughout...
Pat Gelsinger was brought in to fix Intel. 3 years later, it still seems like a mess.
Turning around Intel Corp., the second-largest chip maker in the world, is taking a lot longer than many investors were counting on — but they need to be patient because the ongoing strategic changes may yet save the company.
UK PMI services finalized at 55, indicating 0.4% quarterly GDP growth
UK PMI Services was finalized at 55.0 in April, marking a significant improvement from March’s 53.1 and representing the highest level since May 2023. This level of activity, the highest since May 2023, signals robust growth in the sector, with activity and new work...
Real-life Benefits of AI Certification: How It Can Advance Your Career
Almost a decade ago, no one would have believed that artificial intelligence could emerge as a major force of change. While AI has always existed in theoretical concepts, the recent advancements in AI have made it a crucial part of our everyday lives. At this point of...
UK100 set for more record highs? :: InvestMacro
UK100 ↑ over 2% in AprilIndex could see heightened volatilityBoE decision & Q1 GDP in focusBullish on D1 but RSI overboughtKey levels of interest at 8200, 8110 & 8023Even as the clock ticks down to the US jobs report this afternoon (Friday, 3rd May), markets...
Mortgage-bond funds haul in billions in April
Investors are piling into mortgage bonds as the Federal Reserve looks to exit
What was Bajaj Finance’s Insta EMI Card controversy?, ET BFSI
What was Bajaj Finance’s Insta EMI Card controversy? Coming as a sigh of relief, the Reserve Bank of India (RBI) has lifted the restrictions on Bajaj Finance's two products eCOM and online digital Insta EMI Card, with immediate effect.With this development, the...
Eurozone unemployment rate unchanged at 6.5%, EU dips to 6.0%
Eurozone unemployment rate was unchanged at 6.5% in March, matched expectations. EU unemployment rate fell from 6.1% to 6.0%. Eurostat estimates that 13.258m persons in the EU, of whom 11.087m in the euro area, were unemployed in March 2024. Full Eurozone unemployment...
World economy looks to dodge stagflation rut as outlook perks up, ET BFSI
The world’s economic outlook is perking up as growth proves more resilient and inflation is set to cool faster than previously expected in many countries, the OECD said.While conflicts in the Middle East or more persistent price increases could still knock the economy...
Hershey’s stock rallies after earnings beat, as chocolate sales jump
“We are off to a strong start and remain on track to deliver our business strategies and financial commitments for the year,” the company’s CEO said Friday.
Indian Bank extends special FD deadlines to this date, ET BFSI
Indian Bank, a public sector bank, has extended the deadline to invest in its special fixed deposit offering higher interest rates. These special FDs are called “Ind Super 400” and “Ind Supreme 300 days”. What is the last date to invest in Indian Bank special FDsThe...
Market Analysis: AUD/USD and NZD/USD Attempt Another Recovery
AUD/USD is eyeing a steady increase above the 0.6555 resistance. NZD/USD is also rising and could extend its increase above the 0.6000 resistance zone. Important Takeaways for AUD/USD and NZD/USD Analysis Today The Aussie Dollar is moving higher from the 0.6465 zone...
Apple vs. the world: Can the tech giant survive a global regulatory onslaught?
Apple has a strong track record fighting antitrust enforcers, but the global scope of its current fight is something new.
AI engineers face burnout as ‘rat race’ to stay competitive hits tech
A picture shows logos of the big technology companies named GAFAM, for Google, Apple, Facebook, Amazon and Microsoft, in Mulhouse, France, on June 2, 2023.Sebastien Bozon | AFP | Getty ImagesLate last year, an artificial intelligence engineer at Amazon was wrapping up...
Hit it & Quit It with Angelic Williams and Aprelle Duany » Succeed As Your Own Boss
In this episode, Melinda Emerson welcomes Angelique Williams and Aprelle Duany for a lively discussion. They delve into their “Hit it and Quit It” philosophy, share favorite business apps, and offer some old school marketing tips. The discussion wraps up with their...
India’s services exports dip marginally in March to $30 bn, BFSI News, ET BFSI
India's services exports declined 1.3 per cent in March to $30 billion while imports fell by 2.1 per cent to $16.61 billion, according to a report by the Reserve Bank of India released on Thursday.As per RBI's data on India's international trade in services, the trade...
Here are the moves to make to counter range-bound, choppy markets, says Goldman Sachs
Stay overweight stocks but prepare for a volatile period, says Goldman Sachs
EUR/USD: Bulls Hold Grip and Pressure Pivotal Barriers, US Labor Data Eyed for Fresh Signals
The Euro keeps firm tone and extends gains into third consecutive day, pressuring key resistances at 1.0750 zone (50% retracement of 1.0885/1.0601 / daily Kijun-sen). Firm break here to generate fresh bullish signal for extension of the bull-leg from 1.0601 (Apr 16)...
Thematic funds catch the eye of investors, draw Rs 1.22 lakh crore in FY24, ET BFSI
Mumbai: The popularity of mutual fund schemes betting on specific sectors and economic themes has shot through the roof in the past year as higher returns and aggressive push by asset managers have prompted investors to pump money into these schemes.Assets under...
Forget any rate cut in 2024! What experts are predicting after Fed meeting, ET BFSI
Global stock markets heaved a sigh of relief last night when the world's most powerful central banker Jerome Powell assured investors that it is unlikely for the US Federal Reserve to go for a rate hike. After the Dow Jones ended higher overnight, the Sensex was also...
‘He’s holding all the cards’: My mother, 86, has dementia. Her partner of 30 years is on the deed to her home. How can I gain control of her finances?
“I asked to be put on the deed to my mother’s home and I was met with a swift ‘no’ from her partner. He said that since he had paid off the mortgage, the house is his.”
Nasdaq 100: Sandwiched, Watch US 10-Year Treasury Yield Next
Nasdaq 100 has exhibited short-term intraday wild gyrations of 3% to 4% in opposite directions since last week. Today’s data focus will be on US non-farm payrolls and ISM Services PMI for April to offer clues on whether the stagflation risk narrative is still alive....
Bajaj Finance shares jump over 7% as RBI lifts curbs in less than 6 months, ET BFSI
Shares of NBFC Bajaj Finance rallied 7.5% to the day's high at Rs 7,400 on BSE after the RBI lifted restrictions on the company's two key customer acquisition products eCOM and Insta EMI card with immediate effect."Investors can now be rest assured that Bajaj Finance...
DA hiked to 50% for central government employees; retirement and death gratuity will increase by this much, ET BFSI
The Central government increased the dearness allowance (DA) and dearness relief (DR) by 4% in March 2024. This was a major relief for millions of central government employees and pensioners.Due to this hike in DA to 50%, various components of a central government...
‘Dreamers’ to get access to Obamacare coverage under new Biden regulation
President Joe Biden’s administration is rolling out a newly finalized regulation that allows “Dreamers” to access health plans through the Affordable Care Act, also known as Obamacare.
Trump SEC would end climate disclosure rule, target ESG investments
Republican presidential candidate and former U.S. President Donald Trump shouts during a campaign event in Freeland, Michigan, U.S. May 1, 2024. Brendan Mcdermid | ReutersThe Securities and Exchange Commission under a second Donald Trump presidency would roll back the...
USD/JPY Calm Ahead of US Nonfarm Payrolls
The Japanese yen has extended its gains on Friday. USD/JPY is trading at 153.26, down 0.27% at the time of writing. It has been a week to remember as the yen has soared 3.2% against the dollar. The yen fell below the 160 level earlier in the week, setting another...
Societe Generale and Credit Agricole shares rally as French banks beat profit forecasts
The French banks both outstripped analysts’ expectations, causing their share prices to surge
Block (SQ) earnings Q1 2024
Block reported first-quarter earnings after the bell Thursday that exceeded analysts' estimates. The stock rose more than 7% in extended trading.Here's how the company did, compared with analysts' consensus estimates from LSEG.Earnings per share: 85 cents adjusted vs....
Bank of Baroda shares drop 0.82% as Sensex falls , ET BFSI
Shares of the Bank of Baroda traded at Rs 277.0 on BSE at 11:58AM (IST) on Friday, down 0.82 per cent. The stock quoted a 52-week low price of Rs 172.85 and a high of Rs 285.5. Earlier in the day, the stock saw a gap up opening. At the prevailing price, the stock...
Gilty, My Lord! Pension funds bond more with govt debt, ET BFSI
Mumbai: Pension funds, driven by the National Pension System (NPS), continue to deploy money in sovereign debt, with the sector's ownership of government bonds climbing to a record 4.4%, or ₹4.67 lakh crore, in the last quarter of 2023, up from 3.91%, or ₹3.66 lakh...
GBP/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 191.09; (P) 193.43; (R1) 194.99; More.. Intraday bias in GBP/JPY remains on the downside at this point. Sustained break of 55 D EMA (now at 191.42) will extend the fall from 200.53, as correction to rise from 178.32, to 61.8% retracement of 178.32...
Here’s to the 2024 Mazda MX-5 Miata, an affordable sports car that’s a joy to drive
The 2024 Mazda MX-5 Miata is a superb little sports car that a wide range of drivers can relish. Pricing starts at $30,150.
Coinbase (COIN) earnings Q1 2024
A smartphone with displayed Coinbase logo and representation of cryptocurrencies are placed on a keyboard in this illustration taken, June 8, 2023.Dado Ruvic | ReutersCoinbase reported better-than-expected revenue in its first-quarter earnings report on Thursday. The...
Latest news on Russia and the war in Ukraine
German foreign minister says there will be consequences for Russian cyberattackAnnalena Baerbock (Alliance 90/The Greens), Foreign Minister, looks at a screen displaying a cyber exercise in the Australian Center for Cyber Cooperation.Sina Schuldt | Picture Alliance |...
BSE Sensex plunges over 900 points to dip below 74,000; Nifty50 around 22,450 as bears growl, ET BFSI
Stock market crash today: BSE Sensex and Nifty50, the Indian equity benchmark indices, tanked in trade on Friday, despite a strong opening and the Nifty reaching a new all-time high. The decline was primarily influenced by losses in major index contributors such as...
Bitcoin’s Downtrend, Solana and Ethereum Form Double Bottom
Market picture Crypto market capitalisation rose 3.3% in 24 hours to $2.22 trillion. Local capitalisation bottomed near $2.10 trillion, confirming a sequence of declining local lows (2.3 in March, 2.25 in April) and highs (2.76 in mid-March, 2.67 in early April and...
Coinbase had over $1 billion in quarterly profit after crypto-trading explosion. But costs are rising too.
A boom in crypto trading during the first quarter led cryptocurrency exchange Coinbase Global to a dramatic reversal of fortunes from the prior year, but the company warned of “elevated expenses” in the second quarter as it tries to handle the flood.
Apple’s falling iPhone sales not a problem as margins, buybacks grow
A 10% decline in iPhone sales sounds like a problem for Apple, considering the company counts on the devices for half its revenue.But investors didn't seem to mind on Thursday, when Apple revealed the year-over-year drop in its fiscal second-quarter earnings report....
Bitbot’s Presale Passes $3M After AI Development Update – Blockchain News, Opinion, TV and Jobs
London, United Kingdom, May 2nd, 2024, Chainwire AI-powered Telegram trading bot, Bitbot, has surged past the $3M mark in its presale after outlining its updated product offering. Bitbot now includes a layer of AI development on its blockchain analysis tool, Gem...
India to grow 6.6 % in next two years, driven by public sector demand: OECD, ET BFSI
NEW DELHI: India's GDP is projected to grow at 7.8 per cent in the just-concluded financial year 2023-24 and the forecast is for around 6.6 per cent in each of the following two fiscal years, according to OECD's latest Economic Outlook. However, global near-term...
Crypto Investors Bet Big On ETFSwap (ETFS) Presale To Leverage Spot Bitcoin ETFs Popularity – Blockchain News, Opinion, TV and Jobs
Crypto investors are now moving to the ongoing ETFSwap (ETFS) presale as Spot Bitcoin ETFs surge in popularity. Crypto investors are now looking into ETFSwap (ETFS) amidst surging interest in Spot Bitcoin ETFs. With ETFSwap (ETFS), users can access both decentralized...
Jack Dorsey’s Block says it will buy bitcoin every month with 10% of its gross profit
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
FX option expiries for 3 May 10am New York cut
There are a couple to take note of, as highlighted in bold.The first ones are for EUR/USD seen at 1.0700 and 1.0750. The expiries there should help to keep price action in range in the session ahead, at least until we get to the US non-farm payrolls. But keep in mind...
Anglo American shares rise on report Glencore may make rival offer
Shares of Anglo American rose on Friday after a report that Glencore was considering making a rival offer for the mining company.
Don’t rate Tesla’s Full Self Driving too highly, tech investor says
People are shopping at a Tesla store in Shanghai, China, on Feb. 17, 2024.Costfoto | Nurphoto | Getty ImagesNews of electric car giant Tesla's progress toward rolling out its advanced driver-assistance feature in China isn't as groundbreaking as investors are treating...
Britain’s ruling Conservatives hit with another local defeat as general election nears
New Labour Party MP for Blackpool South, Chris Webb (C) reacts as his win is announced at the count centre in Blackpool, north-west England on May 3, 2024, during the Blackpool South by-election. Oli Scarff | Afp | Getty ImagesU.K. leader Rishi Sunak's Conservative...
Dollar Weakness Continues as Focus Shifts to Non-Farm Payroll Data
Dollar weakens broadly in Asian session, continuing its selloff from the previous night, as influenced by rebound in US stocks and falling treasury yields. The focus is now squarely on today’s non-farm payroll report, a key indicator closely monitored by Fed...
Downtown Wilmington, DE – An Underrated Cultural and Culinary Gem
Let me let you in on a little secret – Wilmington, Delaware is an under-the-radar travel destination waiting to be discovered. While renowned as a corporate powerhouse with over half of all Fortune 500 companies headquartered here, this small city offers much more...
Saxo Bank volumes rebound in April 2024 led by record Equities and Commodities trading
Copenhagen based Retail FX and CFDs broker Saxo Bank reported its best month in over four years trading volume-wise in April 2024, led by record levels of client trading activity in both Equities and Commodities. Total multi-asset volumes at Saxo Bank were up 28% MoM...
Ugro Capital raises Rs 1,322 crore, acquires fintech lender MyShubhLife for Rs 45 crore, ET BFSI
Ugro Capital, a non-banking finance company catering to small and medium businesses, has raised fresh capital of Rs 1,322 crore from a mix of new and existing investors and family offices through compulsory convertible debentures and warrants.Samena Capital led the...
RBI says 97.76% of Rs 2000 currency notes returned, BFSI News, ET BFSI
MUMBAI: The Reserve Bank of India (RBI) on Thursday said 97.76 per cent of the Rs 2000 denomination banknotes have returned to the banking system, and only Rs 7,961 crore worth of the withdrawn notes are still with the public.On May 19, 2023, the RBI announced the...
Dave & Buster’s allowing arcade gambling raises ‘significant concerns,’ advocacy group says
One problem-gambling organization is concerned about ‘youth exposure’ to betting at Dave & Buster’s.
Rivian gets $827 million boost from Illinois to expand its factory in the state
Rivian said that the money will go toward factory expansion, as well as improvements in public infrastructure and job training for its workforce as the plant.
IDBI Bank seeks RoC help over board tussle with NTADCL, BFSI News, ET BFSI
Mumbai: IDBI Bank has written to the Registrar of Companies (RoC) alleging that New Tirupur Area Development Corporation (NTADCL), which underwent debt restructuring in 2011, has flouted an agreement regarding inclusion of the lender's nominee directors in its board...
Senator takes aim at Amazon’s labor practices with federal quota bill
Democratic Sen. Ed Markey, D-Mass., on Thursday introduced new legislation to regulate the use of productivity quotas by warehouse employers like Amazon, a tool critics have said encourages employees to work faster and without frequent breaks, putting them at higher...
Sony, Apollo express interest in Paramount buyout amid Skydance bid
Shari Redstone, Paramount Global, attends the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, July 11, 2023.David A. Grogan | CNBCSony Pictures and private equity firm Apollo Global Management have sent a letter to the Paramount Global board...
The stock market is becoming a picnic for the bears
Failed rallies, oil-price weakness and strong sell-signals.
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.9128; (P) 0.9176; (R1) 0.9207; More…. Intraday bias in USD/CHF remains neutral for the moment. Further rally is still in favor as long as 0.9087 support holds. On the upside, above 0.9223 will resume larger rally to 0.9243 resistance. Decisive...
Biz, trade caught between cyber cops & banks, BFSI News, ET BFSI
Mumbai: The plight of restaurants, retailers, small traders as well as larger companies, caught haplessly in the cross-hairs of banks and cops chasing the stolen money from cyber and phishing attacks is being called out by businesses whose funds are frozen. The...
May is usually a good time to buy Treasuries. Why investors may want to disregard this seasonal noise.
One of Wall Street’s oldest adages — “sell in May and go away” — has tempted stock-market investors into dumping equities this month and returning to the market in November. The opposite of this seasonal pattern exists in the U.S. government-debt market.
Boeing’s Starliner is about to launch – if successful, the test represents an important milestone for commercial spaceflight :: InvestMacro
If all goes well late on May 6, 2024, NASA astronauts Butch Wilmore and Suni Williams will blast off into space on Boeing’s Starliner spacecraft. Launching from the Kennedy Space Center, this last crucial test for Starliner will test out the new spacecraft and take...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 152.27; (P) 155.13; (R1) 157.26; More… No change in USD/JPY’s outlook as correction from 160.20 is in progress. Risk will stay on the downside as long as 157.98 resistance holds. Deeper pullback would be seen to 55 D EMA (now at 152.25), and...
Trump campaign lawyers can’t quit workplace discrimination case
Republican presidential candidate and former U.S. President Donald Trump holds a campaign rally at Ted Hendricks Stadium in Hialeah, Florida, U.S. November 8, 2023. Octavio Jones | ReutersA New York federal judge on Thursday rejected — for now, at least — a request by...
Sony and Apollo make $26 billion cash offer for Paramount: report
Sony Pictures and Apollo Global Management Inc. have submitted a $26 billion cash offer for Paramount Global.
Bank deposit rates rise, but yet to fully reflect repo hike, BFSI News, ET BFSI
Mumbai: While the regulator and the market may not agree on the extent of transmission of policy rates to lending and deposit rates, central bank data show that the full transmission of the 2.5-percentage-point hike in the benchmark repo rate since May 2022 is still...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2481; (P) 1.2516; (R1) 1.2564; More… Intraday bias in GBP/USD remains neutral as range trading continues. On the upside, above 1.2568 will resume the rebound from 1.2298 to 55 D EMA (now at 1.2578). Sustained break there will argue that fall from...
Kellanova earnings beat estimates and CEO strikes bullish tone
Kellanova, the packaged-food giant spun out of the former Kellogg, cited “tangible signs that this year’s return to full commercial activity is taking hold in the marketplace.”
U.S. intelligence chief warns Congress of rise in cyberattacks
Director of National Intelligence Avril Haines testifies before the Senate Armed Services Committee May 2, 2024 in Washington, DC.Win Mcnamee | Getty Images News | Getty ImagesThe top U.S. intelligence official warned Congress of an alarming rise in cyberattacks at a...
Bank cuts rates by up to 15 bps; check latest fixed deposit rates, ET BFSI
Punjab National Bank (PNB) has revised FD interest rates on deposits below Rs 2 crore, according to the bank website. The new FD rates are effective from April 12, 2024.Latest Punjab National Bank FD ratesAfter revision, the bank offers FD interest rates between 3.50%...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0664; (P) 1.0699; (R1) 1.0748; More… Intraday bias in EUR/USD remains neutral as range trading continues. On the upside, break of 1.0752 will resume the rebound from 1.0601. Sustained trading above 55 D EMA (now at 1.0770) will argue that fall...
Intel and Microsoft are on different paths to profit from AI. One will be right.
Tech giants’ recent earnings reveal a clear winner in market leadership and momentum.
Here’s how Carvana pulled off its ‘epic turnaround’
Wall Street lavished praise on Carvana Co.’s “epic turnaround” on Thursday following a surprise quarterly profit for the used-car retailer, which not too long ago had skirted close to bankruptcy.
Trump Media IDs firms for House short selling probe
Omar Marques | Lightrocket | Getty ImagesThe CEO of Trump Media urged leading House committee chairmen to investigate eight financial firms over concerns of potentially illicit short selling of DJT, whose majority shareholder is former President Donald Trump."I...
Canada’s Trade Accounts Register a $2.3 Billion Deficit in March
Canada’s merchandise trade balance swung to a $2.3 billion deficit in March, while February’s surplus was revised lower to $476 million. Exports, which fell by 5.3% in March, gave back most of last month’s hefty gain. The contribution to the decline was broad-based,...
Banks’ personal loans growth drops to 17.7% in FY24 after RBI tightens unsecured credit, ET BFSI
The growth of personal loans by banks slowed to 17.7 percent year-on-year in March 2024, down from 21 percent a year earlier, according to recent data from the Reserve Bank of India (RBI). This decline was primarily attributed to slower growth in vehicle loans and...
Interactive Brokers launches daily options on the CAC 40 Index
Online broker Interactive Brokers (Nasdaq:IBKR) has announced the availability of Daily Options on the CAC 40 index, further expanding Interactive Brokers’ robust product suite. Daily Options on the CAC 40 index provide experienced investors with another means to...
Mortgage rates increase for fifth week in a row, and home buyers ‘will likely not see relief’ anytime soon
The 30-year fixed-rate mortgage rose and averaged 7.22% as of May 2, according to data released by Freddie Mac on Thursday.
Apple (AAPL) earnings report Q2 2024
Apple reports earnings for the second fiscal quarter on Thursday after the markets close.The company has set investor expectations low and could surpass them even if sales growth is weak. In February, Apple said it expected sales similar to last year's $94.84 billion...
USD/CHF Makes a Temporary Reversal After Swiss Inflation Jumps
Swiss CPI figures released earlier today came out above expectations, at 1.4%, leading to a reversal of some recent losses for the Swiss franc against other currencies. Observing the USD/CHF pair, we notice a significant intraday drop that appears to be an impulsive...
How is ICICI Bank placed in private banks’ race?, BFSI News, ET BFSI
ICICI Bank, one of India's leading private sector lenders, continues to shine in the market, showcasing robust profitability and investor appeal amidst challenges faced by its peers. Over the past two years, the bank has witnessed strengthened profitability, reduced...
AppLayer Unveils Fastest EVM Network and $1.5M Network Incentive Program – Blockchain News, Opinion, TV and Jobs
Panama City, Panama, May 2nd, 2024, Chainwire AppLayer has unveiled the fastest and most robust infrastructure for scaling Ethereum-based applications, a cutting-edge blockchain that not only delivers lightning-fast transaction speeds but also offers a new approach to...
Shell to focus on share buybacks to boost stock over New York listing, CEO Wael Sawan says
Shell committed to a $3.5 billion share-buyback program after it beat expectations.
Singapore MAS adds Transport minister Chee Hong Tat to its BoD
Singapore financial regulator The Monetary Authority of Singapore (MAS) has announced the appointment of Chee Hong Tat, Minister for Transport and Second Minister for Finance, to its Board of Directors. The MAS also re-appointed five existing members to the MAS Board....
GBPJPY Returns to Pre-intervention Levels
GBPJPY tries to record another red candle, well below its recent record high level The BoJ intervenes again since the Fed remains concerned about inflation Momentum indicators are mixed, stochastics acknowledge the bearish pressure GBPJPY is hovering around the busy...
‘Is this 1980 or 2024?’: The housing market has déjà vu — but don’t expect a crash
High mortgage rates are a ride that many U.S. homeowners have been on before. Ditto soaring home prices.
Abu Dhabi AI firm Presight buys majority stake in technology joint venture AIQ
A general view of the city skyline at sunset from Dhow Harbour on February 5, 2015 in Abu Dhabi, United Arab Emirates.Dan Kitwood | Getty ImagesDUBAI — Abu Dhabi artificial intelligence firm Presight bought a 51% stake in AIQ, a joint technology venture between the...
ICICI Bank categorically denies report that said its CEO wanting to quit, ET BFSI
New Delhi [India], May 2 (ANI): ICICI Bank has categorically denied that Sandeep Bakshi, its MD and CEO, has indicated that he wanted to be relieved from his role, as reported by a news portal."We would like to categorically deny the information published in the...
Currency Markets an Ocean of Calm
Markets US Treasury yields ease a few more bps in the wake of yesterday’s FOMC policy meeting. Markets were bracing for a hawkish surprise from chair Powell following a string of higher-than-expected inflation readings and ongoing economic resilience. Its absence...
Peloton CEO Barry McCarthy steps down, 15% of staff laid off
Barry McCarthy, president and CEO of Peloton Interactive, walks to a morning session at the Allen & Company Sun Valley Conference on July 06, 2022 in Sun Valley, Idaho.Kevin Dietsch | Getty ImagesPeloton announced Thursday that CEO Barry McCarthy will be stepping...
USDJPY, Copper & EURCAD :: InvestMacro
USDJPY sees over 700-pip swing Copper selloff rewards bearsEURCAD hits all bearish targetsIt has been an intense trading week for financial markets.More action could be expected due to corporate earnings and the US jobs report on Friday.In the meantime, check out how...
Animal shelters ‘can’t keep up with cat adoptions’ as today’s economy tips the scales on cats vs. dogs
Four years after “pandemic pets” offered lockdown companionship and drained shelters of cats and dogs, data suggest that more economical cats are gaining on dogs.
PAT drops 11% QoQ to Rs 906 crore, BFSI News, ET BFSI
Federal Bank on Thursday reported a standalone net profit of Rs 906.30 crore for the quarter ended March 31, 2024, down by 11% on a quarter-on-quarter (QoQ) compared to Rs 1,006.74 crore reported in Q3FY24.The private lender has also announced a final dividend of Rs...
RBA Decision: Will a Rate Hike be Back on the Table?
RBA meets amid uptick in Australian inflation Muddied economic outlook may complicate policy path Aussie remains choppy ahead of Tuesday’s decision (04:30 GMT) Inflation setback The Reserve Bank of Australia is no stranger to policy flip-flops and the May decision may...
Highly ranked manager who bet on Mag 7 giants looks to these second-order winners from AI
The MainStay Winslow Large Cap Growth fund owes a lot of its returns to Big Tech. Co-portfolio manager Justin Kelly is hot on the hunt for new winners. Here are some ideas.
Komainu adds Paul Frost Smith as co-CEO alongside Robert Johnson
Komainu, a regulated custody provider for the digital assets industry, has announced the appointment of Paul Frost Smith as co-CEO. Mr. Frost Smith will work alongside Robert Johnson who has been serving as interim CEO and has now been appointed as co-CEO on a...
U.S. productivity slumps in first quarter
Productivity had been a bright spot for the economy over the past year and today’s data dims the outlook.
Swiss Franc Rebounds on Strong Inflation Data, Yen Standing Tall
Swiss Franc saw a significant rebound in European session, driven by stronger-than-expected inflation figures for April. Despite this upside surprise, inflation remained within SNB’s target range of 0-2% for the eleventh consecutive month. Currently, economists are...
PAT drops 11% QoQ to Rs 906 crore, BFSI News, ET BFSI
Federal Bank on Thursday reported a standalone net profit of Rs 906.30 crore for the quarter ended March 31, 2024, down by 11% on a quarter-on-quarter (QoQ) compared to Rs 1,006.74 crore reported in Q3FY24.The private lender has also announced a final dividend of Rs...
Brent crude oil hits seven-week low :: InvestMacro
By RoboForex Analytical DepartmentBrent crude oil prices have dropped to $83.95 per barrel on Thursday, marking the lowest level in seven weeks. This decline follows recent US statistics indicating a significant increase in crude oil inventories and production....
Wendy’s stock jumps as it points to successes in advertising
Wendy’s highlighted the impact of same-restaurant sales growth, advertising, franchise royalty revenue and its share-buyback program on its results.
EUR/GBP Daily Outlook – Action Forex
Daily Pivots: (S1) 0.8539; (P) 0.8549; (R1) 0.8562; More… Intraday bias in EUR/GBP remains neutral and some more consolidations would be seen above 0.8529 temporary low. But further decline is expected as long as 0.8582 resistance holds. Below 0.8529 will target...
More credit to large companies in FY24, personal loans slow, ET BFSI
Mumbai: The lending pattern of banks had seen a few changes in FY24.Lending to large companies that shrank during the Covid period recovered in the last fiscal year. The Reserve Bank of India stepped in to improve the quality of retail lending, asking lenders to...
Apple is set to throw billions more in cash at investors as its stock slumps
Apple is expected to boost its buyback program by another $90 billion this year, while also upping its dividend.
US initial jobless claims unchanged at 208k, vs exp 212k
US initial jobless claims was unchanged at 208k in the week ending April 27, lower than expectation of 212k. Four-week moving average of initial claims fell -3.5k to 210k. Continuing claims was unchanged at 1774k in the week ending April 20. Four-week moving average...
US Federal Prosecutors Investigate Block Inc. for Compliance Violations
Block Inc., the financial technology firm that was established by Jack Dorsey, is the subject of an investigation by federal authorities in the United States; the inquiry is based on allegations of compliance breaches at the company's...
US Fed tilts towards a rate cut despite the postponement. HKMA left the rate unchanged at 5.75% :: InvestMacro
By JustMarketsAt Tuesday’s close, the Dow Jones Index (US30) added 0.23%, while the S&P 500 Index (US500) was down 0.34%. The NASDAQ Technology Index (US100) closed negative 0.33%. US stock indices traded mixed on Wednesday. Stock prices rose after bond yields...
Lawyer behind Stormy Daniels hush money payment testifies
Republican presidential candidate and former U.S. President Donald Trump walks, as his criminal trial over charges that he falsified business records to conceal money paid to silence porn star Stormy Daniels in 2016 continues, at Manhattan state court in New York...
Humanode, a blockchain built with Polkadot SDK, becomes the most decentralized by Nakamoto Coefficient – Blockchain News, Opinion, TV and Jobs
London, United Kingdom, May 1st, 2024, Chainwire Humanode, a Layer-1 blockchain built with Polkadot SDK, has become the most decentralized blockchain network to date based on the Nakamoto Coefficient. With 706 active validator nodes, the Nakamoto Coefficient for the...
Jobless claims inch up to 208,000. Layoffs still extremely low.
The number of Americans who applied for unemployment benefits last week barely rose to 208,000, indicating that layoffs remain at extremely low levels associated with a sound economy.
MoEngage’s Flagship #GROWTH Summit to Roll into the City of Dreams on 9th May 2024, ET BFSI
After hosting over 2000 attendees from India’s top 600 consumer brands across venues last year, MoEngage is expected to welcome more than 500 leaders from marketing, product, digital and growth functions during #GROWTH Summit Mumbai on 9th May 2024.#GROWTH Summit is a...
Federal Bank in advanced stages for hiring new CEO, awaiting RBI approval: Shyam Srinivasan, ET BFSI
Private sector lender Federal Bank is in advanced stages of getting a new CEO appointed, replacing the current MD and CEO Shyam Srinivasan. "There is a board established search panel, and they are in advanced stages already. RBI had notified us in January and the...
EUR/GBP outlook: Thin Daily Cloud Provides a Lot of Headwinds and Keeps Risk of Recovery Stall
Two-day recovery seems to be running out of steam, following repeated failure to break above thin daily cloud, with long upper shadows on daily candles, warning of persisting pressure. Technical picture on daily chart is bearishly aligned as MA’s remain in full...
Cardinal Health’s stock falls on mixed quarterly results
Cardinal Health’s shares fell premarket Thursday after the company reported mixed quarterly results but raised its full-year profit outlook.
High interest rates aren’t going away anytime soon – a business economist explains why :: InvestMacro
By Christopher Decker, University of Nebraska Omaha The Federal Reserve held interest rates steady at its May 1, 2024, policy meeting, dashing the hopes of potential homebuyers and others who were hoping for a cut. Not only will rates remain at their current level – a...
USD/JPY Slides – Did Tokyo Intervene?
It has been a remarkable week for the yen, which has exhibited sharp swings throughout the week. The Japanese yen fell as much as 1% earlier and on Thursday but has pared most of those losses. USD/JPY has risen 0.38% to 155.19 at the time of writing. In the Asian...
Currency derivatives volumes dry up ahead of RBI deadline, BFSI News, ET BFSI
Mumbai: Volumes of exchange-traded currency derivatives on the National Stock Exchange (NSE) have plummeted by almost 90% ahead of the May 3 deadline to comply with the central bank's directive for trades to be backed by underlying exposures.Average daily turnover for...
Peloton replaces CEO after 90% stock slide during his tenure, plans more layoffs
Barry McCarthy is stepping down as Peloton’s CEO, the connected-fitness company announced on Thursday morning.
CFI advances into South Africa with new FSCA license
Leading online trading provider CFI has announced its successful expansion into South Africa. The company said that the move marks a significant milestone in the group’s strategic global growth and highlights CFI’s commitment to extending its reach within the African...
Novartis to pay up to $1.75 billion for U.S. cancer-focused biotech
Novartis on Thursday said it will pay up to $1.75 billion for a U.S. biotech focused on cancer.
Wayfair (W) earnings Q1 2024
The Wayfair app on a smartphone arranged in Hastings-on-Hudson, New York.Tiffany Hagler-Geard | Bloomberg | Getty ImagesWayfair's sales slid during its first fiscal quarter, but the online furniture retailer reduced its losses after cutting 13% of its workforce at the...
Brent Crude Oil Hits Seven-Week Low
Brent crude oil prices have dropped to $83.95 per barrel on Thursday, marking the lowest level in seven weeks. This decline follows recent US statistics indicating a significant increase in crude oil inventories and production. According to the Department of Energy,...
‘Basel III’ bank rules could pose unexpected threat to Biden’s green energy plans
WASHINGTON, D.C. - On a rooftop overlooking Gallaudet University in Washington, D.C., Julian Torres stands next to row after row of solar panels his company, Scale Microgrids, helped install as part of a larger system of renewable energy that has saved the college...
‘Figment of imagination’, says ICICI Bank denying reports of MD & CEO wanting to quit, ET BFSI
The second-largest private sector bank of India, ICICI Bank, on Thursday, denied the reports of its MD & CEO Sandeep Bakhshi wanting to quit his current position.Calling the report published by The Morning Context as ‘baseless’ and a ‘figment of imagination’, the...
Moderna posts better-than-expected quarterly results as it looks to fall RSV vaccine launch
Moderna on Thursday reported a narrower-than-expected first-quarter loss as the COVID vaccine maker looks launch its second product in the U.S. later this year.
One-third of Americans could be hit by Change Healthcare cyberattack
Omar Marques | Lightrocket | Getty ImagesUnitedHealth Group CEO Andrew Witty on Wednesday told lawmakers that data from an estimated one-third of Americans could have been compromised in the cyberattack on its subsidiary Change Healthcare, and that the company paid a...
EUR/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 163.45; (P) 166.06; (R1) 168.06; More… EUR/JPY’s fall from 171.58 resumed and dipped to 164.04 but quickly recovered. Further fall is now in favor as long as 168.64 resistance holds, as a correction to rise from 153.15. Sustained break of 55 D EMA...
Moderna (MRNA ) earnings Q1 2024
Nikos Pekiaridis | Nurphoto | Getty ImagesModerna on Thursday posted a narrower-than-expected loss for the first quarter as the company's cost-cutting efforts took hold and sales of its Covid vaccine, its only commercially available product, topped estimates. The...
Biden blames China, Japan and India’s economic woes on ‘xenophobia’
President Joe Biden said on Wednesday that "xenophobia" from China to Japan and India is hobbling their growth, as he argued that migration has been good for the U.S. economy.Kevin Lamarque | ReutersPresident Joe Biden said on Wednesday that "xenophobia"...
Axis Mutual Fund launches Axis Nifty Bank Index Fund, BFSI News, ET BFSI
Axis Mutual Fund has announced the launch of Axis Nifty Bank Index Fund, an open-ended index fund tracking the Nifty Bank TRI.This open-ended index fund aims to track the Nifty Bank TRI, providing investors with a mechanism to participate directly in the growth...
Universal Music artists coming back to TikTok after licensing deal
TikTok and Universal Music Group struck a new licensing deal that will return the record label’s artists and their songs to the popular video-sharing app, ending months of disagreements over pay.
Qualcomm earnings report fiscal Q2 2024
Qualcomm CEO Cristiano Amon responds to a question during a keynote conversation at CES 2024, an annual consumer electronics trade show, in Las Vegas, Nevada, on Jan. 10, 2024.Steve Marcus | ReutersQualcomm reported fiscal second-quarter earnings on Wednesday that...
GBP/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 191.01; (P) 194.22; (R1) 196.66; More.. GBP/JPY’s fall from 200.53 resumed and hit 191.77 before recovering. For now, further decline is in favor as long as 197.40 minor resistance holds, as correction to rise from 178.32. Sustained break of 55 D...
A.P. Moeller-Maersk expects Red Sea disruptions through rest of the year
Shipping giant A.P. Moeller Maersk said it is planning to reroute cargo usually traveling through the Red Sea to the Cape of Good Hope for the remainder of the year, as it boosted financial guidance.
Masimo CEO Joe Kiani pledged $400 million in Masimo stock for loans
Founder and CEO of Masimo, Joe Kiani addresses a press conference in Bangalore on January 2, 2017. Manjunath Kiran | Afp | Getty ImagesBillionaire Masimo founder Joe Kiani, best known for his successful legal fight against Apple and his friendship with President Joe...
Bullish Pressure in AUDUSD Lingers
AUDUSD in the green again today, above the 50-day SMA The bullish tendency manifesting since the April low persists Momentum indicators mostly mixed; stochastics could send a bullish signal AUDUSD is recording another green candle as the market appears to be relieved...
Will profit pool lie with PSU banks rather than private banks going ahead? Mahantesh Sabarad answers, ET BFSI
Mahantesh Sabarad, Independent Market Expert, says “when it comes to the corporate revival that is happening right now, it is being led by the capex theme and whenever there is a capex theme that comes up, you most often find the public sector banks take a lead when...
U.S. issues hundreds of sanctions targeting Russia, takes aim at Chinese companies
Ukrainian servicemen ride on an armored personnel carrier in a field near Chasiv Yar, Donetsk, on April 27, 2024, amid the Russian invasion of Ukraine. Genya Savilov | Afp | Getty ImagesThe United States on Wednesday issued hundreds of fresh sanctions targeting Russia...
The 2025 Honda Pilot 3-row SUV is ideal transport for larger families
The 2025 Honda Pilot is one of our favorite midsize SUVs because it performs its duties so well. Pricing starts at $41,295.
Taylor Swift label UMG agrees licensing deal with TikTok, ending spat
Taylor Swift attends the 66th GRAMMY Awards at Crypto.com Arena on February 04, 2024 in Los Angeles, California. Neilson Barnard | Getty ImagesUniversal Music Group, the record label for top music artists including Taylor Swift, struck a new licensing agreement with...
Exclusive: Elena Kupriianova on joining Spotware
FNG Exclusive Interview… Following our exclusive report from earlier this week that FX industry marketing executive Elena Kupriianova was joining Spotware Systems as the cTrader trading platform developer’s new Chief Marketing Officer, we’re pleased to follow that up...
Announcement – The Certified AI Professional (CAIP)™ Certification Launched
Artificial intelligence has emerged as a force of change in the modern technological landscape. We are excited to announce the launch of our new accredited Certified AI Professional certification on the 101 Blockchains platform. As 2024 sets in, the world of...
USD/JPY: US Dollar Weakens After Statements from Federal Reserve Chair
Last night, the Federal Reserve’s decision regarding interest rates was published, which, as expected, remained unchanged at 5.5%. The subsequent press conference by Powell was of particular interest to market participants. According to CNBC, during the conference,...
India, Nigeria agree to early conclusion of local currency settlement system agreement, ET BFSI
India and Nigeria have agreed to an early conclusion of a local currency settlement system agreement to further strengthen economic ties between the two countries. According to the department of commerce, a seven-member delegation from India led by Additional...
Powell says he doesn’t see ‘stag’ or ‘flation.’ UBS has a playbook if he’s wrong
A team of UBS derivatives strategists led by Maxwell Grinacoff put together a playbook for a stagflation scenario
Amazon CEO Andy Jassy broke federal labor law with anti-union remarks
Amazon CEO Andy Jassy speaks during the GeekWire Summit in Seattle, Oct. 5, 2021.David Ryder | Bloomberg | Getty ImagesAmazon CEO Andy Jassy violated federal labor law in comments he made to media outlets about unionization efforts at the company, a National Labor...
Think twice about selling in May and going away, BFSI News, ET BFSI
Mumbai: The old stock market adage 'Sell in May and go away' has not been proven true consistently for Indian equities for several years now. Benchmark Nifty, which closed at 22,604 on Tuesday after hitting a new high of 22,783 during the day, has closed positive in...
Trump’s potential VP picks and major Republican donors are coming to Mar-a-Lago
Former U.S. President Donald Trump delivers remarks on the day of his court appearance in New York after being indicted by a Manhattan grand jury following a probe into hush money paid to porn star Stormy Daniels, in Palm Beach, Florida, U.S., April 4, 2023. Marco...
Lenders seek RBI clearance to sell Jaiprakash Associates loan to NARCL, ET BFSI
Mumbai: Lenders led by the State Bank of India have sought approval from the Reserve Bank of India to sell the ₹18,000 crore debt of realty company Jaiprakash Associates (JAL) to the National Asset Reconstruction Company of India (NARCL), said people with knowledge of...
Speed Meets Precision: IC Markets’ New TVC Showcases Ultra-Fast Trading Capabilities
IC Markets, an acclaimed global online forex and CFD provider, has unveiled a new global campaign. Set against the adrenaline-fueled world of competitive car racing, where every second counts, IC Markets’ newest TV commercial draws a compelling parallel. It aligns the...
7 Tax Deductions for Wedding Planners
Are you a wedding planner? While wedding planning may be a unique business to be in, the business expenses they incur can often be quite typical. Any expense – whether it is specific to the work you do or typical to all types of industries, can lower your taxable...
Eurozone PMI manufacturing finalized at 45.7, deepens recession despite bright spots in Spain and Netherlands
Eurozone’s manufacturing sector remains entrenched in recession as April’s PMI figures highlight ongoing challenges and disparities within the region. The overall Manufacturing PMI for the Eurozone was finalized at 45.7, a slight decrease from March’s 46.1. Among the...
Novo Nordisk now has more than 130,000 weight-loss prescriptions as it hikes financial outlook
Novo Nordisk said its Wegovy injectable drug for weight loss now has more than 130,000 weekly prescriptions in North America alone after boosting supplies to meet insatiable demand.
Microsoft to open data center in Thailand amid Southeast Asia expansion
BANGKOK, THAILAND - 2024/05/01: Satya Nadella, the executive chairman and CEO of Microsoft Corporation speaks during the "Microsoft Build: AI Day" event at the Queen Sirikit National Convention Center. Satya Nadella announced that Microsoft corporation plans to invest...
Tax Breaks for Teachers – Intuit TurboTax Blog
While teaching is a very noble profession, sometimes it can be difficult and, at times, financially draining. However, the good news is that there are some tax benefits that teachers may qualify for. For all the teachers out there, here are a few benefits that can...
Shriram Housing Finance’s net profit grows 67% in Q4 FY24, BFSI News, ET BFSI
NEW DELHI: Shriram Housing Finance, an affordable housing finance company, registered a 67% growth in its profit after tax (PAT) to Rs 62.1 crore for the quarter ended March 31, 2024.The company's assets under management (AUM) grew to Rs 13,762 crore in Q4 FY24. It...
Fed cites lack of progress on inflation, holds rates steady, ET BFSI
Washington: The Federal Reserve signaled fresh concerns about inflation as it reaffirmed it needs more evidence that price gains are cooling before cutting interest rates from a two-decade high.Officials unanimously decided to leave the target range for the benchmark...
India to become world’s third-largest ecommerce market by 2030, ET BFSI
nvest India paints a bright picture for India's e-commerce future, predicting a surge to a massive $325 billion by 2030. This growth coincides with a digital economy reaching a staggering $800 billion in the same timeframe.According to Invest India, India boasts the...
FX option expiries for 2 May 10am New York cut
There are just a couple to take note of for the day, as highlighted in bold.And they are both for EUR/USD at 1.0700 and 1.0750 respectively. With traders now slowly turning their attention to the US jobs report tomorrow, the expiries should lend a hand to keep price...
Shell launches $3.5 billion buyback after earning $7.7 billion
Shell’s first-quarter adjusted earnings fell by less than expected, buoyed by strong margins from crude and oil trading, while the energy giant kicked off a $3.5 billion share buyback program as it hurries to close the valuation gap between it and its U.S. rivals.
China Nio shares soar 20% as EV deliveries more than double in April
Nio's ET5 stands on display at the Central China International Auto Show on May 25, 2023, in Wuhan, China.Getty Images | Getty Images News | Getty ImagesShares of Chinese electric vehicle maker Nio Inc jumped 20% Thursday after its vehicle deliveries more than doubled...
Carvana (CVNA) earnings Q1 2024
Vehicles are seen on display at a Carvana dealership in Austin, Texas, on Feb. 20, 2023.Brandon Bell | Getty ImagesShares of Carvana popped more than 30% during after-hours trading Wednesday after the automaker reported record results and turned a profit during the...
Latest news on Russia and the war in Ukraine
Georgian police disperse protesters as parliament approves 'foreign bill' second readingDemonstrators set up a barricade to block the side entrance of Georgian Parliament during a rally against a controversial "foreign influence" bill, after parliament advanced the...
Sentiment Stabilizes after FOMC, Yen Jumps Again on Alleged Strategic Intervention
Markets sentiment in the US stabilized overnight, responding positively to Fed Chair Jerome Powell’s less hawkish-than-anticipated remarks in the post-FOMC press conference. DOW closed slightly up, while S&P 500 and NASDAQ saw mild losses only. Treasury yields and...
Alpha Group moves listing from AIM to London Main Market
International FX and payments company Alpha Group International plc (LON:ALPH), a provider of financial solutions dedicated to corporates and institutions, has announced that its ordinary shares will be admitted to the premium listing segment of the Official List of...
Profit jumps 41% to Rs 807 crore, ET BFSI
State-owned Central Bank of India on Tuesday reported a 41 per cent jump in its net profit to Rs 807 crore for the March quarter, helped by a decline in bad loans and a rise in interest income. The Mumbai-based lender had earned a net profit of Rs 571 crore in the...
Trump campaign lawyers seek to quit discrimination case
Presidential candidate Donald Trump gestures in a press conference unveiling his comprehensive tax reform plan at Trump Tower. Andy Katz | Lightrocket | Getty ImagesA federal judge in New York scheduled a closed-door meeting Wednesday afternoon on a request by lawyers...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2465; (P) 1.2517; (R1) 1.2544; More… Intraday bias in GBP/USD remains neutral for the moment and outlook is unchanged. On the upside, above 1.2568 will resume the rebound from 1.2298 to 55 D EMA (now at 1.2578). Sustained break there will argue...
A new ETF touts 100% downside protection. Here is how it works.
An ETF that launched on Monday promises investors 100% downside protection if they hold on to the fund, which is intended to track the S&P 500, for a full year.
Nick Twidale joins ATFX as Chief Market Analyst
Leading Retail FX and CFDs broker ATFX has announced that Nick Twidale has joined the company as Chief Market Analyst for the Australia region. With over two decades of experience in banking and broking, Nick brings a wealth of expertise and leadership to his new...
USD/JPY Calm Ahead of Fed Decision
Japanese yen is trading quietly on Wednesday. USD/JPY is trading at 157.68, down 0.07% at the time of writing. Fed expected to hold rates The Federal Reserve meets later today and is widely expected to keep rates unchanged for a sixth straight time. The target range...
Baby boomers and millennials are robbing Gen Z of a bright financial future
U.S. Treasury’s bond blunder will cost young Americans dearly.
How Indian banks are bolstering IT backbone amid RBI action on Kotak Mahindra Bank, ET BFSI
Banks in India are making substantial investments in information technology (IT) infrastructure to fortify their digital capabilities and ensure compliance with stringent regulatory requirements. These investments encompass a wide array of initiatives, including the...
Starbucks, McDonald’s, Yum earnings show consumers pulling back
It's finally here: the long-predicted consumer pullback.Starbucks announced a surprise drop in same-store sales for its latest quarter, sending its shares down 17% on Wednesday. Pizza Hut and KFC also reported shrinking same-store sales. And even stalwart McDonald's...
Harvey Weinstein will be retried in New York after rape conviction overturned
Harvey Weinstein uses a walker as he arrives at the Manhattan Criminal Court, on January 7, 2020 on the second day of his criminal trial on charges of rape and sexual assault in New York City.Timothy A. Clary | AFP | Getty ImagesHarvey Weinstein will be retried in New...
Nio’s stock soars as April EV deliveries more than double and new ET7 launches
Shares of Nio Inc. sped higher Wednesday, after the Chinese electric-vehicle maker reported April deliveries that more than doubled to outperform its peers by a wide margin.
(FED) Federal Reserve Issues FOMC Statement
Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have remained strong, and the unemployment rate has remained low. Inflation has eased over the past year but remains elevated. In recent months, there has been a lack...
Interactive Brokers registers 33% Y/Y increase in DARTs in April 2024
Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just reported its operating metrics for April 2024. Interactive Brokers registered 2.339 million Daily Average Revenue Trades (DARTs) in April 2024, 33% higher than in April 2023 and 3% lower...
Bally Sports regional networks go dark for Comcast cable customers
A Bally Sports display is shown in the eighth inning of the game between the Houston Astros and Minnesota Twins at Target Field on April 9, 2023 in Minneapolis, Minnesota. The Astros defeated the Twins 5-1.David Berding | Getty Images Sport | Getty ImagesComcast...
Excluding the merger impact loans to services grew faster than retail in FY’24, ET BFSI
The year 2023-24 has seen a few changes in the lending pattern of banks. Lending to large corporates recovered after post COVID-19 contraction. The Reserve Bank stepped in to improve lending quality of retail loans which helped banks' loan books in recent years by...
First loan under Biden’s transit-oriented development push goes to town north of Seattle
Despite initial hiccups, interest is “growing very fast” for loans, says Build America Bureau executive director Morteza Farajian.
Google cuts hundreds of ‘Core’ workers, moves jobs to India, Mexico
Sundar Pichai, chief executive officer of Alphabet Inc., during Stanford's 2024 Business, Government, and Society forum in Stanford, California, US, on Wednesday, April 3, 2024.Justin Sullivan | Getty ImagesJust ahead of its blowout first-quarter earnings report on...
Fed stands pat, acknowledge lack of progress in disinflation
Fed keeps interest rate unchanged at 5.25-5.50% as widely expected.. In the accompanying statement. Fed noted that there has been a ” lack of further progress” recently on lowering inflation towards target. Meanwhile, FOMC emphasized that “The Committee does not...
Institutional FX trading volumes rise 5% in April 2024 as FXSpotStream sets (another) record
Trading activity at leading ECNs and multibank FX streaming services rose for the second month in a row in April 2024, continuing a fairly strong start to the year in the sector. After daily trading volumes at leading institutional eFX venues surveyed by FNG increased...
PSBs told to speed up recovery at tribunals, BFSI News, ET BFSI
New Delhi: The Centre has directed state-owned lenders to avoid seeking unnecessary adjournments before debt recovery tribunals, a government official said.Banks have been asked to conduct monthly reviews to expedite the debt recovery process and reconcile cases that...
Trump might allow marijuana’s reclassification, but it’s a ‘close call’
While President Joe Biden’s re-election campaign is widely expected to get a lift from his administration’s push to reclassify marijuana as a less-dangerous drug, it’s not as obvious where presumptive Republican nominee Donald Trump will end up on the issue.
Tesla retreats from next-generation ‘gigacasting’ manufacturing process
Employees of the Tesla Gigafactory Berlin Brandenburg work on a production line of a Model Y electric vehicle. The Tesla plant was opened and put into operation on March 22, 2022. Patrick Pleul | Picture Alliance | Getty ImagesTesla has backed away from an ambitious...
US: Manufacturing Slips Back into Contraction in April, But Price Pressures Pick Up
The ISM Manufacturing Index slipped back into contractionary territory in April, dipping to 49.2, from 50.3 in March. Even so, 9 of 16 industries reported growth in April – the same as in March. Demand softness was reflected by the new orders and new export orders...
Walmart is closing down its health centers. What’s that mean for Amazon, Walgreens and CVS?
A look at whether rival retailers should be worried or encouraged by Walmart shuttering its health centers.
UnitedHealth CEO says company paid hackers $22 million ransom
UnitedHealth Group CEO Andrew Witty confirmed for the first time that the company paid a $22 million ransom to hackers who breached the systems of its subsidiary Change Healthcare, in a Wednesday hearing before the U.S. Senate Committee on Finance.Change Healthcare...
Cybersecurity researchers spotlight a new ransomware threat – be careful where you upload files :: InvestMacro
By Selcuk Uluagac, Florida International University You probably know better than to click on links that download unknown files onto your computer. It turns out that uploading files can get you into trouble, too.Today’s web browsers are much more powerful than earlier...
Worst of Both Worlds: Are the Risks of Stagflation Elevated? Part III
Part III: Where Is Stagflation Headed from Here? Summary In the first installment of this series, we presented a simple framework to characterize stagflation and identified 13 instances in the United States since 1950. We briefly summarized past episodes of...
PSBs told to speed up recovery at tribunals, BFSI News, ET BFSI
The Centre has directed state-owned lenders to avoid seeking unnecessary adjournments before debt recovery tribunals, a government official said.Banks have been asked to conduct monthly reviews to expedite the debt recovery process and reconcile cases that have...
Starbucks’ ‘grande headwinds’ lead to rare downgrades for the stock
Starbucks Corp. worse-than-expected quarter and grim predictions for the year brew a mix of discontent and hope on Wall Street.
Cruise line company trading on NYSE
Aerial view of the Viking Jupiter cruise ship anchored in the port of Montevideo, on January 5, 2022. Ivan Pisarenko | AFP | Getty ImagesViking is not your typical cruise operator.Aboard its smaller, upscale vessels, you won't find any kids. In fact, the cruise line...
DOJ charges ‘Bitcoin Jesus’ with $48 million tax fraud, seeks extradition
Nicolas Economou | Nurphoto | Getty ImagesThe Justice Department unveiled criminal tax fraud charges this week against a prolific bitcoin investor named Roger Ver. He came to be known as "Bitcoin Jesus," for getting in early on the digital currency and making a...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0642; (P) 1.0688; (R1) 1.0713; More… Intraday bias in EUR/USD remains mildly on the downside at this point. Recovery from 1.0601 could have completed at at 1.0752 already. Further fall would be seen for retesting 1.0601 first. Firm break there...
CME Group reports doubling of number of market participants trading Aluminum futures
International derivatives marketplace CME Group today announced that the number of market participants trading Aluminum futures has doubled since last year, reaching 406 unique accounts in April, while ADV was up 70% year-over-year, and average daily open interest...
Norfolk Southern touts progress and slams activist Ancora’s ‘reckless’ plan in board battle
The board battle between Norfolk Southern and activist investor Ancora Holdings Group is intensifying ahead of the company’s annual meeting next week.
Neobanking startup Fi secures NBFC licence from RBI, BFSI News, ET BFSI
Neobanking startup Fi, backed by investors such as Peak XV and Temasek, has secured a non-banking finance company (NBFC) licence from the Reserve Bank of India, enabling it to provide loans from its own books.With this, Fi has joined the likes of Jupiter, Groww and...
NYCB shares jump 30%, CEO gives plan for ‘clear path to profitability’
A New York Community Bank stands in Brooklyn, New York City, on Feb. 8, 2024.Spencer Platt | Getty ImagesNew York Community Bank on Wednesday posted a quarterly loss of $335 million on a rising tide of soured commercial loans and higher expenses, but the lender's...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.9128; (P) 0.9162; (R1) 0.9231; More…. Intraday bias in USD/CHF remains on the upside for 0.9243 resistance. Decisive break there will carry larger bullish implications. Next target will be 61.8% projection of 0.8728 to 0.9151 from 0.9009 at...
Kevlar, Tyvek parent DuPont’s stock surges after big profit beat, raised outlook
CEO Ed Breen says results confirm that electronics business is now past the bottom, and “on road to recovery.”
Nvidia-backed GPU cloud provider CoreWeave is worth $19 billion
Nvidia-backed startup Coreweave is based in Roseland, New Jersey, with 160 employees.CoreWeaveCoreWeave, a cloud infrastructure startup that rents out graphics processing units to companies, said Wednesday that it has raised $1.1 billion in funding. The new investment...
Bitcoin stumbles below $60k ahead of Fed :: InvestMacro
Bitcoin ↓ over 15% in AprilCrypto hit by “higher for longer” stance261.8 Fibonacci level key reference pointRSI signals that prices are near oversoldCould the party already be over for Bitcoin bulls?Well, the “OG” crypto ended April over 15% lower despite the infamous...
KVS Manian likely to join Federal Bank after stepping down from Kotak Mahindra, ET BFSI
KVS Manian, earlier today, stepped down as the Joint MD of Kotak Mahindra Bank and is now likely to join Federal Bank, according to reports. At the time of the announcement, Manian said that he was tendering his resignation from Kotak Mahindra Bank to pursue other...
Seasonal manpower demand soars, 2024 looks set to be a record year for temporary summer jobs, ET BFSI
Bengaluru: Seasonal demand for manpower is soaring in tandem with rising mercury levels. Staffing firms including Manpower, Adecco and CIEL HR Services told ET that 2024 looks set to be a record year for temporary summer jobs, with demand from sectors such as consumer...
UnitedHealth CEO faces Change Healthcare hack scrutiny on Capitol Hill
UnitedHealth Group’s dominance in the U.S. healthcare industry was in the spotlight on Capitol Hill Wednesday as its CEO faced two Congressional hearings on the cyberattack on its Change Healthcare unit.
Super Micro stock plummets 18% after posting revenue miss
The Super Micro Computer logo is seen on a smartphone screen.Pavlo Gonchar | SOPA Images | Lightrocket | Getty ImagesSuper Micro Computer shares plunged 18% on Wednesday morning after the server company upped its top-line guidance but reported third-quarter revenue...
US ISM manufacturing falls to 49.2, prices surges to 60.9
US ISM Manufacturing PMI fell from 50.3 to 49.2 in April, below expectation of 50.1, and back in contraction. New orders fell from 51.4 to 49.1. Production fell from 54.6 to 51.3. Employment rose from 47.4 to 48.6. Prices surged from 55.8 to 60.9, highest reading...
Trend-following hedge funds are off to a strong start in 2024. Does the strategy deserve a spot in your portfolio?
Trend-following funds continued a run of strong performance in April, even as a selloff in stocks disrupted one of their biggest moneymaking trades.
Anthropic iPhone AI app, business plan to compete with OpenAI announced
Omar Marques | Lightrocket | Getty ImagesAnthropic on Wednesday announced its first-ever enterprise offering and a free iPhone app.The generative artificial intelligence startup is the company behind Claude, one of the chatbots that, like OpenAI's ChatGPT and Google's...
Is scientific discovery driven by great individuals or by great teams? :: InvestMacro
“This isn’t mine; this is one for the team,” said Succession star Kieran Culkin as he accepted the Best Actor award at this year’s Golden Globes. It’s a familiar aspect of Hollywood awards speeches – a reminder that the stars dazzling us on screen could not exist...
RBI cautions banks on gold loan disbursals through fintech startups, ET BFSI
The Reserve Bank of India (RBI) has cautioned banks about gold loan disbursals being made through fintech startups, according to people familiar with the matter. The central bank has flagged “concerns with the evaluation process” by these banks and fintechs,...
ADP Hints at Another Strong NFP on Friday
The monthly ADP labour market report showed that America created 192K new jobs in April, above the forecasted 179K and following +208K in March (revised from 184K). Overall, there was a slight slowdown in wage growth to 5% y/y from 5.1% a month earlier, which is still...
Nektar Network begins Epoch 1 of Nektar Drops
Berlin, Germany, May 1st, 2024, Chainwire The Nektar Network is excited to announce the commencement of Epoch 1 for Nektar Drops, beginning today, May 1, 2024. This new phase is dedicated to acknowledging and recording the contributions of our community members...
Fight climate change with fiscal discipline, BFSI News, ET BFSI
At the spring meetings of the International Monetary Fund and World Bank earlier this month, the world’s finance ministers and central bankers congratulated each other on progress in curbing inflation and reviving post-pandemic economic growth. But they also...
24 Dividend Aristocrats in the stock market with the fastest-growing payouts
A screen of companies that have consistently raised their dividends, but have also done so at annual paces exceeding 10% over the past five years.
AUD/USD Stabilizes After Taking a Tumble, Fed Next
The Australian dollar has steadied on Wednesday after sliding 1.4% a day earlier. AUD/USD is up 0.19%, trading at 0.6489 at the time of writing in the North American session. Australian dollar slides after soft retail sales Retail sales in Australia fell 0.4% m/m in...
DJT shares crack $50 as Trump Media continues stock bounce back
Former US president Donald Trump announced plans on October 20 to launch his own social networking platform called "TRUTH Social," which is expected to begin its beta launch for "invited guests" next month.Chris Delmas | AFP | Getty ImagesTrump Media shares opened...
Webull launches Webull Lite – FX News Group
Online trading platform Webull today announced the launch of Webull Lite, a simplified way for users to trade. With both Webull and Webull Lite all in one app, users will be able to seamlessly toggle back and forth between versions. Webull Lite offers the same tools...
Manappuram Finance’s arm Asirvad Micro gets Sebi’s approval to float IPO, ET BFSI
New Delhi, Asirvad Micro Finance, a subsidiary of listed NBFC Manappuram Finance, has received Sebi's nod to raise funds through an initial public offer, an update with the markets regulator showed on Tuesday. The proposed initial public offering is only a fresh issue...
Polkadot-native Acala Expands to Multichain Horizons Through The Sinai Upgrade – Blockchain News, Opinion, TV and Jobs
Auckland, New Zealand, May 1st, 2024, Chainwire Acala Network releases a new technological roadmap displaying the necessary steps in offering multi-chain services to users. Acala, a foundational platform within the Polkadot ecosystem, unveils the Sinai Upgrade, a...
ISM manufacturing index drops sharply in April
Index falls to 49.2% after one month of expansion
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 156.64; (P) 157.25; (R1) 158.42; More… USD/JPY is extending the consolidation pattern from 160.20 and intraday bias remains neutral. In case of another fall, downside should be contained by 38.2% retracement of 146.47 to 160.20 at 154.95 to bring...
IMF raises India’s FY24 GDP growth forecast to 7.8%, higher than the government’s projection, ET BFSI
The International Monetary Fund (IMF) has projected that India's economy will grow by 6.8% in the current fiscal year, driven primarily by public investment. Krishna Srinivasan, Director of the Asia and Pacific Department at the IMF, stated, "In China and India, we...
Amazon earnings cheered as ‘objectively excellent’ — with any blemishes mere ‘nitpicks’
While shares saw a somewhat muted reaction, analysts saw plenty of reason to cheer.
Yum Brands (YUM) Q1 2024 earnings
A Pizza Hut store is seen on November 01, 2023 in Austin, Texas.Brandon Bell | Getty ImagesYum Brands on Wednesday reported quarterly earnings and revenue that missed analysts' expectations as Pizza Hut and KFC struggled to attract customers.Shares of the company fell...
WTI oil declines on rising inventories and negotiations between Israel and Hamas. Rising unemployment in New Zealand may force RBNZ to start cutting rates earlier :: InvestMacro
By JustMarketsAt the end of Tuesday, the Dow Jones Index (US30) decreased by 1.49%, while the S&P 500 index (US500) was down 1.57%. The NASDAQ Technology Index (US100) closed negative 2.04% yesterday. Rising labor costs pushed bond yields higher and pressured...
Report, BFSI News, ET BFSI
Generative AI could boost bank revenues by 6 per cent in the next three years. Banks which effectively adopt and scale generative AI could increase employee productivity by up to 30 per cent, streamlining numerous language-related tasks, revealed a latest report by...
Dollar’s Rebound Pauses ahead of FOMC, Oil Prices Decline
Dollar’s rally slowed slightly in early US session despite robust ADP job data, as traders adopt a cautious stance ahead of the highly anticipated FOMC statement and Chair Jerome Powell’s press conference. With a hawkish shift expected from Fed, the extent of Powell’s...
Around the world, workers are back in the office. Just not in America.
The lingering effects of the COVID-19 pandemic and the Zoom revolution are continuing to shake up the workplace and have created dividing lines between the U.S. and many other developed countries.
CVS Health (CVS) earnings Q1 2024
CVS Health on Wednesday reported first-quarter revenue and adjusted earnings that missed expectations and slashed its full-year profit outlook, citing higher medical costs that are dogging the U.S. insurance industry.Shares of the company dropped 10% in premarket...
ICE aligns Midland WTI crude quality specifications to match U.S. Physical Gulf Coast crude cargoes
Intercontinental Exchange, Inc. (NYSE:ICE) today announced that its ICE Midland WTI futures contract is now further aligned with Midland WTI crude oil deliverable into Dated Brent and the rest of the Brent complex after ICE updated the quality specifications of the...
1.3 crore mutual fund accounts on hold due to incomplete KYC; how MF investors can check KYC status online, ET BFSI
Around 1.3 crore mutual accounts are ‘on hold’ due to incomplete KYC, according to KYC registration entities (KRAs). The reason behind this is that the individuals have provided non-Aadhaar and non-officially valid documents (OVDs) during the initial KYC registration...
Health an orphan, Ayushman Bharat insurance scheme poorly structured: IMA chief, ET BFSI
New Delhi: Terming health an "orphan", Indian Medical Association chief Dr R V Asokan says no lessons have been learnt after the Covid crisis and it doesn't figure as a top priority for political parties with everyone in the "all is well" zone. In an interaction with...
Cruise operator Viking’s IPO values company at $10.36 billion to mark biggest deal of year
Viking’s stock will start trading on the New York Stock Exchange later Wednesday.
OIL (CL_F) Elliott Wave: Incomplete Sequences Forecasting The Path
Hello fellow traders. In this technical article we’re going to look at the Elliott Wave charts of Oil published in members area of the website. The commodity shows bullish sequences in the cycle from the 67.75 low. Consequently we are favoring the long side and...
Pfizer (PFE) earnings Q1 2024
Jakub Porzycki | Nurphoto | Getty ImagesPfizer on Wednesday reported first-quarter revenue that beat expectations and hiked its full-year profit outlook, benefitting from its broad cost-cutting program and strong sales of its non-Covid products.The company now expects...
Why married couples should merge their finances
Having separate bank accounts goes against the idea of thinking for two rather than as individuals.
NZ Dollar Shrugs After Soft Jobs Report
The New Zealand dollar has steadied on Thursday, after a sharp decline of 1.5% a day earlier. NZD/USD is trading higher 0.08% on the day at 0.5890, at the time of writing. New Zealand’s employment declines New Zealand’s labor market is showing signs of cracks....
Aadhar Housing Finance’s Rs 3,000-crore IPO to open on May 8, BFSI News, ET BFSI
Representative ImageNEW DELHI: Aadhar Housing Finance Ltd, which is backed by private equity major Blackstone, is set to launch its Rs 3,000-crore initial public offering (IPO) on May 8. The initial share-sale will conclude on May 10 and the bidding for anchor...
Trump could drive inflation up with second-term economic agenda, analysts say
Republican presidential candidate former President Donald Trump speaks to guests during a rally at Clinton Middle School on January 06, 2024 in Clinton, Iowa. Scott Olson | Getty Images News | Getty ImagesFormer President Donald Trump is building a second-term...
GST revenue collection hits record high of Rs 2.10 lakh cr in April, ET BFSI
India's Gross Goods and Services Tax (GST) collections hit a record high of Rs 2.10 lakh crore in April, growing 12.4 per cent on year-on-year basis, the Finance Ministry said in a statement on Wednesday.GST collection in March stood at Rs 1.78 lakh crore. Previously,...
New Series I bond rate drops to 4.28%, but your rate could be much less if you bought at the peak
The fixed rate holds at 1.3% on new purchases for the next six months, but the inflation-adjusted rate is slightly lower than six months ago.
Bitcoin (BTC) nosedives below $57,000 ahead of Fed decision
The logo of the cryptocurrency Bitcoin (BTC) can be seen on a coin standing in front of a Bitcoin chart.Silas Stein | Picture Alliance | Getty ImagesBitcoin on Wednesday plunged sharply to its lowest level in over two months amid broader risk-off sentiment in markets,...
Johnson & Johnson will pay $6.5 billion to resolve nearly all talc ovarian cancer lawsuits in U.S.
Johnson & Johnson on Wednesday said it will pay $6.5 billion to settle nearly all of the thousands of lawsuits in the U.S. claiming its talc-based products caused ovarian cancer.The deal would allow J&J to resolve the lawsuits through a third bankruptcy filing...
Will Post-FOMC Jobs Report Move Dollar?
US nonfarm payrolls scheduled for release on Friday 12:30 GMT Another solid report could question rate cuts if Powell provides no clear guidance EURUSD at risk of plunging towards April’s low of 1.0600 April’s nonfarm payrolls might cause volatility Friday will be a...
Odyssey Equity Finance sentenced for failing to file annual financial reports with ASIC
Odyssey Equity Finance Pty Ltd was sentenced in the Dandenong Magistrates’ Court for failing to lodge financial reports with ASIC for each of the financial years ending 30 June 2020, 2021 and 2022. Odyssey, an Australian financial services licensee, was charged with:...
Personal loan originations strong despite RBI clampdown on consumer credit growth, ET BFSI
During the festive season from October to December, personal loan origination volumes surged by 22.3% year-on-year (y-o-y), defying the Reserve Bank of India's (RBI) raised risk weight on unsecured consumer credit. A report by CRIF High Mark revealed that the total...
An S&P 500 correction, or a possible meltdown in Asian currencies, could be brewing. Here’s why.
Our call of the day from TS Lombard flags worrying signs on the labor market, and Asian currencies that need things to go just right for the U.S. economy.
Pinterest shares soar 18% on earnings beat, strong revenue growth
Sopa Images | Lightrocket | Getty ImagesShares of Pinterest popped 18% in extended trading Tuesday after the company reported first-quarter results that beat analysts' estimates and showed its fastest revenue growth since 2021.Here's how the company did, compared to...
Trump receives 36 million more shares of Trump Media as bonus
Republican presidential candidate and former U.S. President Donald Trump gestures as he arrives to Trump tower during the day of his trial over charges that he falsified business records to conceal money paid to silence porn star Stormy Daniels in 2016, in New York...
GBP/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 196.27; (P) 196.82; (R1) 197.70; More.. GBP/JPY is extending consolidation from 200.53 and intraday bias remains neutral. Outlook will remain bullish as long as 193.51 resistance turned support holds. Firm break of 200.53 will resume larger up...
China to deploy economic ‘nuclear option’?, BFSI News, ET BFSI
NEW DELHI: Amidst increasing geopolitical tensions, there is growing speculation that China may be considering a drastic economic maneuver—devaluing its currency, a move often referred to by economists as the "nuclear option" due to its potential widespread global...
Move over, meme-stock millennials. Your grandma wants to trade options.
Trading covered-call options on big stashes of stock can earn retirees extra income.
Amazon’s advertising revenue jumps 24% in first quarter
An Amazon contract worker stacks packages onto a luggage cart outside an apartment building in New York, US, on Tuesday, April 16, 2024. Angus Mordant | Bloomberg | Getty ImagesAmazon reported 24% growth in its advertising unit on Tuesday, the latest sign that the...
iSAM Securities names Dennis Weissert as Head of Technology Business Development
London based prime-of-prime broker and liquidity solutions provider iSAM Securities has announced that Dennis Weissert has been promoted to the position of Head of Technology Business Development. Dennis Weissert joined iSAM Securities earlier this year as Sales...
Ex-RBI Guv Duvvuri Subbarao, ET BFSI
Former RBI Governor Duvvuri Subbarao has opined that only enlightened leadership at Centre and state levels can resolve the complex north-south divide in deciding on the distribution of the tax pool among states, saying it is beyond the remit of the Finance...
Gold’s correction extends to Rs 3000/10 gram in April. Has it made a near term top at life high?, ET BFSI
The recent sharp correction in Gold prices, where the yellow metal has corrected by nearly Rs 3000 per 10 gram or 4% from the lifetime high is its biggest fall in nearly two years. Can we expect the trends to reverse or a top has been made? This is what multiple...
A New Stage of Bitcoin’s Decline
Market Picture Bitcoin’s closing price on Tuesday became the lowest since late February, confirming the downward trend and falling under March and April support and the psychologically important round level. Bitcoin ended April down 15.5% to $59.9K, after six months...
GSK ups 2024 guidance as HIV drugs and new vaccines boost its bottom line
The British drugmaker’s remaining 4.2% stake in its consumer health arm Haleon also boosted its bottom line, following its spin off in July 2022
Super Micro (SMCI) Q3 earnings report 2024
Lisa Su, chair and CEO of Advanced Micro Devices, left, and Charles Liang, CEO of Super Micro Computer, speak at the AMD Advancing AI event in San Jose, California, on Dec. 6, 2023.David Paul Morris | Bloomberg | Getty ImagesSuper Micro shares slipped as much as 15%...
Trump Media insider trading trial begins in New York
Bruce Garelick walks following a hearing at the Manhattan Federal Court, in New York City, July 20, 2023.Amr Alfiky | ReutersThe federal criminal trial of a man accused of insider trading in shares of a shell company ahead of its announcement of a plan to merge with...
BNY Mellon deploys its cloud native data platform in the UAE for Lunate Capital
The Bank of New York Mellon Corporation (NYSE:BK) has announced the deployment of its cloud native data platform for the first time in the UAE, after being commissioned by Lunate Capital, the Abu Dhabi-based global alternative investment manager, to provide it with a...
EUR/USD Dives While USD/CHF Extends Rally
EUR/USD started a fresh decline below the 1.0695 support. USD/CHF is rising and might aim a move toward the 0.9250 resistance. Important Takeaways for EUR/USD and USD/CHF Analysis Today The Euro struggled to clear the 1.0750 resistance and declined against the US...
Net profit jumps 24% YoY to Rs 1,058 crore, ET BFSI
Mumbai: Cholamandalam Investment and Finance Co’s net profit increased 24% year-on-year to Rs 1,058 crore in the quarter ended March 2024 from Rs 852 crore a year ago. Total loan disbursements increased 18% year-on-year during the quarter to a record Rs 24,784 crore...
Report, BFSI News, ET BFSI
NEW DELHI: India ranked as the third-largest country globally for phishing attacks after the US and UK, with its technology sector facing nearly 33 per cent of all such strikes, marking it as the most targeted industry, according to a report.The report by...
Biden administration to cancel $6.1 billion in student debt for borrowers who were scammed by single school
The Department of Education is cancelling $6.1 billion worth of student debt for 317,000 borrowers who were scammed by their school, officials announced Wednesday.
AWS Q1 earnings report 2024
Adam Selipsky, CEO of Amazon Web Services, speaks during the Bloomberg Technology Summit in San Francisco on June 22, 2023.David Paul Morris | Bloomberg | Getty ImagesAmazon said Tuesday that revenue from its cloud unit grew 17% year over year in the first quarter, a...
OKX Announces Listing of RUNECOIN for Spot Trading
According to OKX's schedule, deposits for RUNECOIN will open at 3:00 am UTC on April 30, 2024. Spot trading for the RUNECOIN/USDT pair will commence at 10:00 am UTC on the same day. Users will also be able to withdraw their RUNECOIN...
Ford University dealer training on EVs uses AI, gamification
Ford Mustang on display at the NY Auto Show, April 6, 2023.Scott Mlyn | CNBCDEARBORN, Mich. — Ford Motor is launching a new training program for more than 3,000 U.S. franchised dealers on Wednesday that uses artificial intelligence for employee coaching evaluations...
New York City police arrest dozens of pro-Palestinian protesters in Columbia University raid
NYPD officers arrest students as they evict a building that had been barricaded by pro-Palestinian student protesters at Columbia University, in New York City on April 30, 2024.Charly Triballeau | AFP | Getty ImagesNew York City police arrested dozens of...
Gold Seeks Safety After Tuesday’s Drop
Gold trends lower in the short-term picture, near oversold territory Stronger buying needed above 2,355 for a bullish outlook FOMC policy announcement due today at 18:00 GMT Gold bears took control on Tuesday, pressing the price below the resistance-turned-support...
The incredible homes of Taylor Swift’s ex-boyfriends (or tortured poets?)
From John Mayer’s Beverly Hills mansion to a chic Tribeca building where 2 of her rumored exes reside, we rounded up the real estate of Swift’s former romances.
AMD earnings report Q1 2024
Lisa Su, president and CEO of AMD, talks about the AMD EPYC processor during a keynote address at the 2019 CES in Las Vegas, Nevada, U.S., January 9, 2019. Steve Marcus | ReutersAdvanced Micro Devices reported first-quarter earnings and sales on Tuesday that were...
Boku announces retirement of CFO Keith Butcher
Boku, Inc (LON:BOKU), a provider of global mobile payment solutions, announces that its Chief Financial Officer (CFO), Keith Butcher has notified the board of his intention to retire from the company following the completion of an extended notice period, allowing for...
Generative AI could boost bank revenues by 6% in next 3 years: Report, ET BFSI
About 25 per cent of bank employees, including customer service agents, could benefit from both automation and augmentation, thereby improving service quality and efficiency.Banks across the globe could witness a substantial increase in revenues over the next three...
Central bank bars P2P startups from giving default loss guarantee in tie-ups with NBFCs, ET BFSI
The central bank has said peer-to-peer lending platforms cannot offer any default loss guarantee (DLG) to investors, as it furthers scrutiny on the digital lending sector.The Reserve Bank of India’s directive dated April 26 is likely to impact operations of P2P...
Genpact and Microsoft collaborate to drive AI-powered finance transformation, ET BFSI
Genpact, a global professional services firm, has announced a strategic collaboration with Microsoft to harness the power of artificial intelligence (AI) and transform finance functions into data-driven operations that support growth and competitiveness. This...
Mini’s new all-electric Aceman looks fun, and in a category of its own
The 2025 Mini Aceman is sort of like a subcompact luxury hatchback. It’s larger than a Cooper and smaller than a Countryman.
Tesla shares drop after Musk cuts about 500 jobs in Supercharger team
Tesla Supercharger stations near a Circle K gas station in Austin, Texas, on April 23, 2024.Brandon Bell | Getty ImagesTesla shares fell nearly 6% on Tuesday following news that CEO Elon Musk was pressing ahead with more job cuts at Tesla, impacting an estimated 500...
UK PMI manufacturing finalized at 49.1, sector faces multiple challenges
UK PMI Manufacturing was finalized at 49.1 in April, down from March’s 50.3. This decline was also reflected in four key areas: output, new orders, employment, and stocks of purchases. Furthermore, input price inflation hit a 14-month high, exacerbating cost pressures...
Binance Launches May Missions to Share 1,000,000 Binance Points & Unlock Exclusive Rewards
Binance, a global cryptocurrency exchange, has introduced the May Missions campaign, allowing users to earn Binance Points and unlock exclusive rewards. The campaign, which started on May 1st and will run until May 15th, offers...
police crack down on protests in Georgia
Protestors clash with the police as they block the exists of the parliament building to prevent the ruling Georgian Dream Party's deputies from leaving within a protest against the bill on 'Transparency of Foreign Influence,' in Tbilisi, Georgia on April 30, 2024....
RBI updates guidance note on operational risk management, extends it to NBFCs, ET BFSI
The Reserve Bank on Tuesday updated its "guidance note" on operational risk management for the financial sector, and also extended it to the NBFCs, including housing finance companies. The 2005 'Guidance Note on Management of Operational Risk' covered only commercial...
Hargreaves Lansdown’s director Adrian Collins joins Board of LSL Property Services
Hargreaves Lansdown plc (LON:HL) confirms that Adrian Collins, a Non-Independent Non-Executive Director of HL, has been appointed to the Board of LSL Property Services plc as Non-Executive Chair with immediate effect. Mr Collins has worked in the fund management...
Soaring prices no bar, demand for gold rises 8% in March quarter, ET BFSI
Kolkata: Demand for gold bars and coins, which are primarily bought as investment, rose 19% in the quarter ended March 31, at par with the first three months of 2022 when the growth was the strongest since 2014.Jewellery sales increased 4% to 95 tonnes, taking the...
I’m 62 with no debt and a part-time job. My advisers say keep saving, but my kids say spend — do I go for a Roth 401(k)?
“My salary was never high and I lived a frugal life to accumulate these savings.”
Amazon cost cuts lift operating margin to double digits for first time
Andy Jassy, CEO of Amazon, speaks at the ceremonial ribbon cutting prior to tomorrow's opening night for the NHL's newest hockey franchise the Seattle Kraken at the Climate Pledge Arena on October 22, 2021, in Seattle.Bruce Bennett | Getty Images Sport | Getty...
USDJPY Stabilizes a Tad Below 160.00
USDJPY jumps to its highest level since April 1990 A suspected Japanese intervention does not have meaningful impact Oscillators exhibit a divergence regarding overbought conditions USDJPY has been in a steady uptrend since the beginning of the year, posting a fresh...
RBI cautions banks on gold loan disbursals through fintech startups, ET BFSI
The Reserve Bank of India (RBI) has cautioned banks about gold loan disbursals being made through fintech startups, according to people familiar with the matter. The central bank has flagged “concerns with the evaluation process” by these banks and fintechs,...
RBI updates guidance note on operational risk management, extends it to HFCs, ET BFSI
Representative ImageThe Reserve Bank on Tuesday updated its "guidance note" on operational risk management for the financial sector, and also extended it to the NBFCs, including housing finance companies. The 2005 'Guidance Note on Management of Operational Risk'...
World of Dypians Offers Up to 1M $WOD and $225,000 in Premium Subscriptions via the BNB Chain Airdrop Alliance Program
Tortola, BVI, May 1st, 2024, Chainwire World of Dypians (WOD) – an immersive, revolutionary MMORPG available on Epic Games, is on an exclusive list of top-tier projects participating in BNB Chain’s Airdrop Alliance Program, chapter 2. The metaverse platform announced...
FX option expiries for 1 May 10am New York cut
It is Labour Day but there are still some expiries to take note of, as highlighted in bold.The first one is for EUR/USD at the 1.0650 level. While it isn't so much so a key level on the charts, it is one that could keep price action more sticky until we get to US...
My mother-in-law died. My husband, her executor, did not file a will or even open probate. What happens if we sell the house?
“The home was willed to her son with the provision that he paid his sisters a percentage of the home’s value.”
Binance founder Zhao’s huge wealth unaffected by prison sentence
Cryptocurrency exchange Binance founder and CEO Changpeng Zhao speaks at a Binance fifth anniversary event in Paris, France, July 8, 2022. Staff | ReutersChangpeng Zhao, the billionaire co-founder and former CEO of Binance, is expected to see his mammoth wealth remain...
Starbucks (SBUX) earnings Q2 2024
A Starbucks coffee shop in Amsterdam.Nicolas Economou | Nurphoto | Getty ImagesStarbucks on Tuesday reported weaker-than-expected quarterly earnings and revenue, fueled by a surprise decline in same-store sales.The coffee chain also slashed its forecast for its fiscal...
Latest news on Russia and the war in Ukraine
Russia could be shifting focus onto strategic target, Chasiv YarRussian forces appear to be shifting their operational focus on to Chasiv Yar in the northern area of Donetsk, in eastern Ukraine.Russia did not make any confirmed advances in the Avdiivka area for the...
Dollar Firms as Markets Brace for Hawkish Fed Shift, Swiss Franc Under Pressure
Dollar rebounded broadly overnight and stayed generally firm in Asian session. Stock investors were apparently adopting a cautious stance and lightening up positions ahead of Fed’s rate decision and subsequent press conference today. With recent data pointing to...
The Evolution of Cryptocurrency Trading: Trends, Tools, and Techniques
Cryptocurrency trading has evolved significantly since the emergence of Bitcoin in 2009. What started as a niche hobby for tech enthusiasts has evolved into a global marketplace with millions of participants, sophisticated tools, and a...
How to Create a Healthy Mind + Body Cleanse Routine
Feeling tired, bloated, stressed, and not the best version of yourself? It may be time to press the reset button with a mind and body cleanse. Processed foods, food additives and preservatives, unhealthy oils, medications, body care products, cosmetics, cleaning...
Bound selects Integral for multiple source FX liquidity aggregation
Broker tech and liquidity solutions provider Integral Development Corp has announced that Bound, a currency hedging and risk management solutions company, has implemented Integral’s SaaS eFX workflow solutions to enhance its technology infrastructure. Bound is now...
The Rise of Crypto: Why Your Website Should Accept Crypto Payments
Imagine a busy online storefront, a hub for thousands of digital transactions where a global customer base converges. As cryptocurrencies grow in popularity, they're quickly becoming a preferred payment choice for a specific clientele,...
Ambani’s Jio Financial plans to tap StanChart executive as unit CEO, ET BFSI
Among senior appointments, KV Kamath was tapped to be non-executive chairman for Jio Financial before it spun off from Ambani’s flagship company Reliance Industries LtdBillionaire Mukesh Ambani’s new financial services firm plans to tap Standard Chartered Plc’s India...
NBC could buy back ‘Roundball Rock’ rights if it gets NBA games, John Tesh says
Michael Jordan #23 and Scottie Pippen #33Nathaniel S. ButlerIn the pantheon of theme songs for TV sports, "Roundball Rock," John Tesh's anthem that accompanied National Basketball Association games on NBC until 2002, is arguably the greatest.If NBCUniversal wins the...
Binance founder CZ sentenced to four months in federal prison
Binance founder and ex-CEO Changpeng Zhao was sentenced to four months in federal prison Tuesday for violations of anti-money-laundering laws during his time running the world’s largest cryptocurrency exchange.
Doctors tap personal savings for costs
Omar Marques | Lightrocket | Getty ImagesOn a Sunday in early March, Dr. Angeli Maun Akey noticed something peculiar while making payroll for her private practice in Gainesville, Florida: She was missing $19,000.Akey owns and operates a primary care practice that...
Bitcoin falls below $60,000 low price for the month. Low-price reached $59,982 so far
The price of bitcoin just traded below the $60,000 level to a low of $59.982. The low got close to the low for the month reached on April 19 at $59.629. For the trading month, the price is currently trading down $-11,656 or -16.35%. The end of March closing level was...
Standard Chartered Bank consumer banking head to join Jio Financial Services, ET BFSI
MUMBAI: The head of consumer banking (India) at Standard Chartered Bank, Kusal Roy, has tendered his resignation and is expected to join Jio Financial Services. The development comes amid Jio Financial Services' recent announcement of forthcoming consumer-focused...
Proxy-advisory firm ISS steps into Norfolk Southern’s board battle with activist Ancora
Institutional Shareholder Services has recommended shareholders vote for most of Norfolk Southern’s board nominees, also recommending that shareholders support five of activist Ancora’s nominees.
Binance founder Changpeng Zhao CZ sentenced to four months in prison
Changpeng Zhao, former chief executive officer of Binance, arrives at federal court in Seattle, Washington, US, on Tuesday, April 30, 2024. David Ryder | Bloomberg | Getty ImagesBinance's billionaire founder Changpeng Zhao was sentenced to four months in prison on...
LaTAM exchanges co nuam partners with Devexperts on trading interface for Equity and Derivatives markets
nuam, the entity resulting from the integration of the Lima, Santiago, and Colombia Stock Exchanges, has announced that it has established a new partnership with Devexperts, a global IT company specialized in financial software development. Together, they aim to craft...
EUR/USD: Sideways Within a Medium-Term Downtrend
Eurozone preliminary core CPI rate for April continued to inch lower at 2.7% y/y, its slowest pace of inflationary pressure since February 2022. 2-year and 10-year Eurozone sovereign bonds/US Treasuries yield spread discounts have continued to widen which supports a...
Rupee declines on weakness in Asian peers, foreign banks’ dollar buys, ET BFSI
"Despite external pressures, the rupee is expected to maintain its resilience ... (and) may gradually strengthen to around 83.20 to 83.00," Amit Pabari.The Indian rupee weakened on Monday pressured by dollar demand from foreign banks and weakness in Asian currencies...
‘Rearranging deck chairs on the Titanic?’ Analysts have questions and doubts after Paramount CEO Bakish’s ouster.
“Sit back, grab your popcorn, and enjoy the rest of the show,” one analyst says.
Bitcoin nears $60,000 as selling intensifies
daily bitcoinThe halving and the launch of Hong Kong ETFs (whic launched today) haven't been the positive catalysts that bitcoin bulls hoped for, at least not yet. Bitcoin is at the lows of the week, down $2750 to $60,152 today.The low so far is $60,053 as bids...
BGC registers 8.6% Y/Y growth in revenues in Q1 2024
BGC Group, Inc. (NASDAQ:BGC) today reported its financial results for the quarter ended March 31, 2024. BGC’s revenues grew by 8.6% to a record $578.6 million, reflecting broad-based growth across all geographies and growth across its Energy, Commodities, and...
This is the big question markets have for Fed’s Jerome Powell, BlackRock says
The market will be listening closely on Wednesday for messaging from Federal Reserve Chairman Jerome Powell about whether interest-rate hikes may be on the table due to inflation worries.
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.9079; (P) 0.9116; (R1) 0.9143; More…. Intraday bias in USD/CHF remains neutral for the moment. On the upside, firm break of 0.9155 will resume the rally from 0.8332 and should target 0.9243 key resistance next. On the downside, break of 0.9085...
FTC challenges patents held by drugmakers, including for Ozempic
A box of Ozempic and contents sit on a table in Dudley, North Tyneside, Britain, October 31, 2023. Lee Smith | ReutersThe Federal Trade Commission on Tuesday said it is challenging hundreds of alleged "junk" patents held by pharmaceutical companies for 20 brand-name...
Kotak announces departure of KVS Manian, Joint MD, from the Group, ET BFSI
Kotak Mahindra Bank on Tuesday informed that its Joint Managing Director (designate), KVS Manian, has stepped down from his position.Manian, Whole Time Director designated as Joint Managing Director has stepped down from his position to pursue other opportunities in...
Cannabis stocks rally after AP reports DEA will propose reclassifying drug as Schedule III
AdvisorShares Pure U.S. Cannabis ETF jumps 28%.
Hits fresh two-year high! :: InvestMacro
FXTM launches 10 new commodities!Copper jumps to two-year highPrices up almost 20% year-to-dateBulls in control on H4/D1 chartsKey levels of interest at $4.58, $4.54 & $4.50In case you missed it, FXTM’s new Copper commodity has just hit a fresh two-year...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 153.91; (P) 156.95; (R1) 159.37; More… USD/JPY is extending consolidation from 160.20 and intraday remains neutral. Strong support could be seen from 38.2% retracement of 146.47 to 160.20 at 154.95 to bring recovery. But break of 160.20 is not...
Trump Media shares rise again; are up 50% in the last week
Jonathan Raa | Nurphoto | Getty ImagesTrump Media shares climbed 7% Tuesday, continuing a rise that has seen the Truth Social owner surge about 50% in the past week.DJT was trading at roughly $50 a share, about 30% below its opening price of $70.90 in late March.The...
Joe Biden proposes hitting Donald Trump with a $1 billion tax bill
The president has proposed a tax on unrealized capital gains for people worth more than $100 million. Who do we know who falls into that category?
India Inc’s overseas bond listings treble amid rate cut uncertainty, ET BFSI
India Inc's overseas bond listings treble amid rate cut uncertaintyIndian companies have substantially increased their listings of foreign currency-denominated bonds on international exchanges in Gandhinagar during the first quarter of this year, totalling $3.74...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2504; (P) 1.2537; (R1) 1.2595; More… Intraday bias in GBP/USD is turned neutral with current retreat. On the upside, above 1.2568 will resume the rebound from 1.2298 to 55 D EMA (now at 1.2580). Sustained break there will argue that fall from...
Dukascopy sees Revenues, Profits continue to fall in 2H-2023
Geneva based Retail FX and CFDs broker Dukascopy has released its 2023 Annual Report and financial results, indicating that top line Revenues and bottom line profits continued to decline during the second half of the year, following what was already a very slow first...
Walmart shutting down health centers and telehealth service
Walmart Inc. said Tuesday that it is shutting down Walmart Health, which offered primary-care, lab and other services across 51 locations, as well as its telehealth service, Walmart Health Virtual Care.
Amazon (AMZN) Q1 earnings report 2024
Amazon CEO Andy Jassy speaks at the Bloomberg Technology Summit in San Francisco on June 8, 2022.David Paul Morris | Bloomberg | Getty ImagesAmazon will report first-quarter earnings after the bell on Tuesday.Here's what analysts are expecting according to...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0695; (P) 1.0714; (R1) 1.0740; More… Intraday bias in EUR/USD remains neutral for the moment. On the upside, above 1.0752 will resume the rebound to 55 D EMA (now at 1.0780). On the downside, break of 1.0673 minor support will turn intraday bias...
4 ways banks are overcharging borrowers on loan interest rates, as per RBI, ET BFSI
The Reserve Bank of India (RBI) has instructed banks, non-banking finance companies (NBFCs), and other financial institutions to carefully examine their practice of imposing interest charges on loans they disburse. The RBI issued the new directive after discovering...
Trump suggests tariffs could go higher than 10%. Why one economist is saying, ‘bonkers.’
Former President Donald Trump is going beyond his initial proposal of 10% tariffs on all imports, telling an interviewer that levies could climb higher if he wins the White House in November.
Eight newspaper publishers sue OpenAI over copyright infringement
Sam Altman, CEO of OpenAI, during a panel session at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024.Stefan Wermuth | Bloomberg | Getty ImagesEight U.S. newspaper publishers filed suit against Microsoft and OpenAI in a New York federal court on...
Heavenly Metals :: InvestMacro
Michael Ballanger of GGM Advisory Inc. takes a look at the current state of the markets, and shares some stocks he believes are worth taking a look at. As the Friday trading session came to a close this week, I had an epiphany of sorts in that instead of standing back...
Canada’s Economy Continued to Grow in February, No Growth Expected in March
The Canadian economy grew for a second straight month in February, up 0.2% on a month-on-month (m/m) basis. This print comes in slightly below Statistics Canada’s advanced guidance and market expectations for a 0.4% and 0.3% m/m gain, respectively. The flash estimate...
House Speaker Mike Johnson’s job looks safe as Democrats say they’ll block effort to oust him
Top House Democrats on Tuesday said they would thwart an effort to remove House Speaker Mike Johnson from his post.
Mutual fund investors are left with these options after RBI’s curb on overseas investments, ET BFSI
The once popular mutual fund route to foreign markets has largely closed due to the RBI restrictions on overseas investments. Many international funds have shut down or restricted inflows, only allowing investments to the extent of fund redemptions. Some accept SIP...
Biden replaces Obama infrastructure policy amid Chinese cyberthreats
US President Joe Biden speaks after signing the foreign aid bill at the White House in Washington, D.C., on April 24, 2024.Jim Watson | AFP | Getty ImagesPresident Joe Biden on Tuesday updated a more than decade-old policy to protect U.S. critical infrastructure...
AJ Bell appoints Julie Chakraverty to its BoD
UK investment platform AJ Bell plc (LON:AJB) today announced that Julie Chakraverty has been appointed to its Board of Directors as an independent non-executive director with effect from 1 June 2024. Ms Chakraverty, a highly experienced non-executive director, brings...
‘Probably everyone is interested in pursuing FIRE,’ says this single mom who retired at 49
Reaching FIRE is about more than budgeting and minimalism, says author Jackie Cummings Koski.
US consumer confidence plunges to 97, lowest since Jul 2022
US Conference Board Consumer Confidence plunged from 103.1 to 97.0 in April, well below expectation of 104.0. Present Situation Index fell from 146.8 to 142.9. Expectations Index fell from 74.0 to 66.4. “Confidence retreated further in April, reaching its lowest level...
May forex seasonals: The strongest month for the Dollar Index
The month of April wraps up today and it was a volatile market, certainly not one that's typically the strongest seasonally of the year.Scorecard for April:Typically the strongest of the year for cable (down 120 pips)Strongest month for the S&P 500 (down...
CARV Announces Decentralized Node Sale to Revolutionize Data Ownership in Gaming and AI – Blockchain News, Opinion, TV and Jobs
Santa Clara, California, April 27th, 2024, Chainwire CARV, the largest modular data layer for gaming and AI, today announces its highly anticipated debut node sale. This is another major milestone towards CARV’s mission to maximize data innovation while ensuring...
Banks are closed for 14 days across states; here is the state-wise holiday list for May, ET BFSI
Banks are closed for 14 days in May 2024, according to the Reserve Bank of India (RBI) holiday list. There are state-specific celebrations, national holidays, and significant observances among these holidays.Nonetheless, handling financial activities even over the...
Guns, transgender rights: The issues Trump and Biden voters care about most when deciding where to live
It’s not just about good schools and affordable homes — voters this election year say they are considering hot-button issues including abortion rights and gun control when deciding where they want to live.
Silver: A Possible Long Road Down
Silver has lost 2.6% since the start of the day on Tuesday to $26.4 per ounce. After a failed attempt to climb above $30 per ounce on 7 April, the downside momentum in Silver has been replaced by sideways consolidation without significant bounces. Tuesday’s decline...
Expert Says Now Looks Like a Good Time To Buy This Renewable Energy Stock :: InvestMacro
Source: Clive Maund (4/29/24)Technical Analyst Clive Maund shares an update on Revolve Renewable Power Corp. to explain why he believes now might be the time to buy this clean energy stock.Revolve Renewable Power Corp. (TSXV:REVV;OTCQB:REVVF) was the subject of an...
BBVA wants to buy Sabadell in what could be a $10 billion-plus acquisition. Here’s why.
It was a case of déjà vu in Spain on Tuesday as Banco de Sabadell said it had been approached by bigger rival BBVA about a potential merger — more than three years after discussions between the two banks broke down.
Poonawalla Fincorp Reports Highest Ever Yearly PAT of Rs. 1027 Crore in FY24, Jumps 83% YoY, ET BFSI
BusinessWire IndiaPune (Maharashtra) [India], April 30: The Board of Directors of Poonawalla Fincorp Limited, a non-deposit taking systemically important NBFC focusing on consumer and MSME finance, today announced its audited financial results for the quarter and year...
US Money Markets Have Discounted a New Hawkish Fed Pivot
Markets What a difference some inflation prints make… Following the Fed’s pivot in November and December of last year, markets rapidly turned to expecting policy rate cuts. The language in official statements changed from assessing to whether any additional policy...
B2Prime adds offshore Security Dealer license in Seychelles
Multi-asset Prime of Prime liquidity provider B2Prime has announced that it has achieved another significant regulatory milestone by obtaining a security dealer license in Seychelles. This marks the third license for B2Prime, following those in Cyprus and Mauritius....
Consumer confidence drops to 21-month low due to worries about food and gas prices
Consumer confidence fell in April for the third straight month and touched a 21-month low, a new survey showed, due to the high cost of food and gas and and fresh worries about the jobs market.
Meta hit with major EU disinformation probe ahead of elections
Mark Zuckerberg, CEO of Meta testifies before the Senate Judiciary Committee at the Dirksen Senate Office Building on January 31, 2024 in Washington, DC.Alex Wong | Getty ImagesMeta on Tuesday was hit by the European Commission — the executive body of the European...
Is US 100 Setting Course for New Record Highs?
US 100 enters recovery mode, stays above uptrend line MACD and RSI suggest that momentum may turn positive A break above 18,350 will take the index into uncharted territory A break below 15,700 may turn the broader outlook bearish The US 100 cash index entered a...
Scam-struck UCO Bank lines up Rs 1,000 cr investment for digitisation drive, ET BFSI
Kolkata: Public sector UCO Bank has lined up Rs 1000 crore of investment for digitisation drive and upgradation of existing information technology system, managing director Ashwani Kumar said Tuesday.This is about 43% more than what the bank spent last year.Kumar said...
Chicago business-activity index weakens in April to lowest level in 17 months
Index in negative territory for fifth straight month
ISS endorses most of Ancora nominees for Norfolk Southern board
Alan Shaw, CEO, Norfolk SouthernScott Mlyn | CNBCInfluential proxy advisory firm ISS recommended on Tuesday that Norfolk Southern shareholders support five of activist Ancora's seven board nominees, withholding an endorsement from CEO pick Jim Barber but describing...
Dave & Buster’s to allow customers to bet on arcade games
Arcade giant Dave & Buster's is taking its games to a new level by offering social wagering on its app.Customers can soon make a friendly $5 wager on a Hot Shots basketball game, a bet on a Skee-Ball competition or on another arcade game. The betting function,...
Optimism over corporate earnings is fueling stock indices. The Hong Kong index reached a 5-month high :: InvestMacro
By JustMarketsOn Monday, the Dow Jones (US30) rose by 0.38%, while the S&P 500 (US500) Index gained 0.32%. The NASDAQ Technology Index (US100) closed positive 0.35%. Meanwhile, the S&P 500 (US500) and NASDAQ (US100) 100 indices hit 2-week highs. Optimism over...
Dollar Rebounds on Strong Employment Cost Data, Euro Supported by GDP and CPI Core
Dollar’s rebound is picking up momentum in early US session, bolstered by latest Employment Cost Index which rose by 1.2% in Q3, marking the fastest pace since Q3 2022. This unexpected acceleration in employment costs adds to a series of economic data that suggests...
Today is the last day of the stock market’s ‘good’ season. Should you take your profits and run for the summer?
Stocks generally produce most of their returns during the six months of the year from Nov. 1 to April 30.
Decline in debit cards transaction volume by 14%, credit cards witness uptick in Mar’24, ET BFSI
According to latest data by 1Lattice, on a year on year basis, debit cards transaction volume has decreased by a massive 14 per cent while the value of transactions increased by approximately 29 per cent in March 2024. However, on a month-on-month basis, the total...
S&P CoreLogic Case-Shiller index shows home prices up 6.4% in February
A Redfin sign in front of a home for sale in Atlanta, Georgia, on Sunday, Nov. 13, 2022.Elijah Nouvelage | Bloomberg | Getty ImagesStrong demand and tight supply continue to push home values higher, even though mortgage rates are now moving higher again.Home prices in...
Yue Minjun Revolutionizes Bitcoin Art Scene with Pioneering Ordinals Collection on LiveArt – Blockchain News, Opinion, TV and Jobs
NEW YORK, United States, April 30th, 2024, Chainwire The first major contemporary artist to adopt the Bitcoin blockchain LiveArt proudly unveils Human by Yue Minjun, the first-ever Ordinals collection from a contemporary art giant. Remote Blockchain Education -...
Logitech shares jump on surprise guidance, as demand stirs for computer products
Logitech results have stirred hopes for consumer buying of computer and gaming equipment.
Musk lays off Tesla senior executives in fresh job cuts: report
Tesla and SpaceX's CEO Elon Musk reacts during an in-conversation event with British Prime Minister Rishi Sunak in London on Nov. 2, 2023.Kirsty Wigglesworth | ReutersElon Musk has dismissed two Tesla senior executives and plans to lay off hundreds more employees,...
Canada’s GDP grows 0.2% mom in Feb, vs exp. 0.3% mom
Canada’s GDP grew 0.2% mom in February, below expectation of 0.3% mom. Services-producing industries (+0.2%) led the growth for a second month in a row. Goods-producing industries aggregate was essentially unchanged. Overall, 12 of 20 sectors increased in the...
TMX Group, Clearstream process first live tri-party transactions on CCMS
TMX Group Limited, operator of Toronto Stock Exchange and key Canadian post-trade infrastructure including the Canadian Depository for Securities (CDS), and Clearstream Banking S.A., the international central securities depository of Deutsche Börse Group, today...
EgenLayer’s Airdrop Plan Raises Concerns Over Token Distribution Equity
A substantial amount of interest has been garnered by the crypto community for EigenLayer, which is a pioneering restaking protocol. Concerns and criticism have been made, however, over the specifics of the stakedrop that will be...
Hush money case resumes with testimony from Michael Cohen banker
Former U.S. President Donald Trump speaks to members of the media at Manhattan criminal court in New York, U.S., on Friday, April 26, 2024. Curtis Means | Via ReutersThis story is developing. Check back for updates throughout the day.The New York criminal trial of...
Fantasy Metaverse Darklume – Presale is LIVE – Blockchain News, Opinion, TV and Jobs
Casal Di Basso CS, Italy, April 29th, 2024, Chainwire Darklume VR, a trailblazer in the VR entertainment industry, proudly announces its launch of DarkLume VR, an amazing virtual world where the user can experience fun, entertainment, and fantasy elements like never...
BFSI is awaiting the lethal combo of AI & Automation, BFSI News, ET BFSI
Kochi-headquartered Federal Bank faced a tall task due to changes in compliance requirements by the Reserve Bank of India. The new norm related to managing and merging unique customer identification codes to identify customers, and the data ran into lakhs. They...
Eli Lilly’s stock jumps as first-quarter profit tops estimates amid strong sales of Mounjaro, Zepbound
Eli Lilly shares popped early Tuesday after the drugmaker reported first-quarter profit that topped estimates amid strong demand for diabetes and weight-loss drugs.
Standard Chartered Bank consumer banking head to join Jio Financial Services, ET BFSI
MUMBAI: The head of consumer banking (India) at Standard Chartered Bank, Kusal Roy, has tendered his resignation and is expected to join Jio Financial Services. The development comes amid Jio Financial Services' recent announcement of forthcoming consumer-focused...
Walmart to shutter health centers, virtual care service
Walmart on Tuesday said it will close all of its health-care clinics across the country, a stunning reversal of its plans to bring its low-priced reputation to the dentist and doctor's office along with the grocery aisle. The big-box retailer said it would also...
ECB’s de Cos: Rate cut appropriate in June if inflation outlook maintained
ECB Governing Council member Pablo Hernandez de Cos highlighted that despite the positive trend in declining inflation rates, outlook is clouded by rising energy costs, persistent high inflation in the services sector, and ongoing geopolitical tensions. He expected...
Sui Teams Up with Google Cloud to Drive Web3 Innovation with Enhanced Security, Scalability and AI Capabilities
Palo Alto, California, April 30th, 2024, Chainwire Collaboration focuses on tackling key Web3 challenges through data-driven insights, AI-powered development tools and zero-knowledge proofs Sui, the Layer 1 blockchain and smart contract platform created and launched...
Noel Quinn to retire as HSBC CEO
HSBC Holdings plc (LON:HSBA) today announced that Group Chief Executive, Noel Quinn, has informed the Board of his intention to retire from the company after nearly five years in the role. Mr Quinn said: “It has been a privilege to lead HSBC. I never imagined when I...
3M’s stock surges toward a 14-month high after profit, sales beat expectations
The consumer, industrial and healthcare-products company reported first-quarter profit and revenue that beat expectations.
PayPal (PYPL) Q1 earnings
A sign is posted outside of the PayPal headquarters in San Jose, California.Justin Sullivan | Getty ImagesPayPal raised its full-year adjusted profit forecast on Tuesday, as the payments giant benefited from robust consumer spending, while measures to cut costs...
Another Dip in Crypto Capitalization
Market picture The crypto market capitalisation decreased by another 1.5% to $2.27 trillion, getting closer and closer to the April lows just above $2.22 trillion. Contrary to expectations, after the halving, the pressure on the market increased, in full accordance...
Eli Lilly (LLY) earnings Q1 2024
Eli Lilly logo is shown on one of the company's offices in San Diego, California, U.S., September 17, 2020. Mike Blake | ReutersEli Lilly on Tuesday reported first-quarter adjusted profit that topped Wall Street's expectations and hiked its full-year guidance on...
Jana Small Finance Bank shares surge 19%, hit 52-week high post Q4 results, ET BFSI
Jana Small Finance Bank shares rallied 19% to hit a new 52-week high of Rs 592.8 in Tuesday's trade on BSE after the bank said it had doubled its March quarter net profit from ordinary activities to Rs 167 crore from Rs 81 crore in the year-ago period, backed by...
Lenders to Go First weigh liquidation after court order on planes, sources say, ET BFSI
Lenders to India's Go First will meet later this week to discuss options for the bankrupt airline, including liquidation, after a court order allowed lessors of the aircraft to take back their planes, two bankers with Go First's creditors said on Tuesday."There is no...
Oil prices consolidate after slumping on Israel-Hamas cease-fire talks
Oil futures edged higher early Tuesday.
Hargreaves Lansdown registers increase in revenues in Q3 FY24
Hargreaves Lansdown plc (LON:HL) today issued a trading update in respect of the three months ended 31 March 2024 (Q3 FY24). Total revenue in the quarter of £199.7 million (Q3 2023: £188.1m) benefited from increased dealing volumes and higher platform revenue from...
Binance Promotion: Subscribe to SOL or BNB Locked Products or Stake ETH to Share 7,777 ACE in Airdrop Rewards
Binance, a leading cryptocurrency exchange, has introduced a new promotion that allows users to participate in airdrop rewards by subscribing to SOL or BNB Locked Products or staking ETH. The promotion aims to provide users with...
EURJPY Seeks Calmness After Roller Coaster Day
EURJPY stabilizes after Japan-driven volatile session Bears wait for action below the 167.20 support area Eurozone’s flash CPI inflation due at 09:00 GMT EURJPY rose rapidly to an almost 40-year high of 171.56 on Monday thanks to a suspected intervention from Japanese...
GE HealthCare Technologies’ stock falls after it misses profit estimate
Revenue falls 1% as ultrasound and patient care units business drops
Coca-Cola (KO) Q1 2024 earnings
A Coca-Cola building in Zagreb, Croatia, Nov. 8, 2023.Denis Lovrovic | AFP | Getty ImagesCoca-Cola on Tuesday reported quarterly earnings and revenue that beat analysts' expectations.The beverage giant also raised its full-year outlook for organic revenue.Shares of...
Abhay Bhutada, Poonawalla Fincorp, ET BFSI
"As you know we operate at 102 branches, but maximum we are gaining market share there and going forward whatever guidance we have given 35% to 40%, I think in the past also we have over-delivered. Going further, we will stick to our guidance and we are confident of...
Why T-bill and chill is here to stay, these strategists say
Barclays analysts say rising budget deficits change several key assumptions underpinning the fixed-income market.
SEC announces settled charges against Catalyst Capital Advisors
The Securities and Exchange Commission (SEC) has announced settled charges against San Juan, Puerto Rico-based registered investment adviser Catalyst Capital Advisors LLC for entering into an impermissible joint legal fee arrangement with its client, Mutual Fund...
USD/JPY Stabilizes After Roller-Coaster Monday
The Japanese yen is lower on Tuesday. In the European session, USD/JPY is trading at 156.88, up 0.34%. It has been a relatively quiet day for the yen after massive movement over the past two days. On Friday dollar-yen jumped 1.7% and broke above 158, but the real...
Burger King invests another $300 million to remodel restaurants
The Burger King logo is displayed at a Burger King fast food restaurant on January 17, 2024 in Burbank, California. Mario Tama | Getty ImagesBurger King will invest another $300 million to remodel about 1,100 of its U.S. restaurants as part of a broader turnaround...
Developers Guide to Blockchain Development
Blockchain technology has emerged as a momentous force for transformation of the conventional approaches for online interactions, transactions, and information exchange. Do you have skills in coding, blockchain technology, and cryptography? If yes, you need a...
Reliance Capital’s lenders want Hindujas to pay Rs 8,650 crore, finalise resolution, ET BFSI
Lenders of Reliance Capital (RCap) are pressing the Hinduja Group to expedite a cash payment of Rs 9,650 crore and finalise the resolution process by May 27, the deadline set for completion.During a meeting, representatives of the five-member Committee of Creditors...
Save lakhs in interest cost? What RBI’s new rules for interest overcharging on loans mean for borrowers, ET BFSI
Has your lender been overcharging you interest for loans? The Reserve Bank of India has come across instances of lenders resorting to certain unfair practices in charging of interest. The same has been flagged by the central bank in a new notification dated April 29,...
Europe’s automakers off to a weak start for 2024, with EV sales a problem for some
Mercedes-Benz, Volkwagen and Stellantis shares all fell Tuesday after the Europe automakers showed 2024 was off to a slow start.
Binance founder CZ heads to sentencing hearing facing years in prison
Zhao Changpeng, founder and chief executive officer of Binance, attends a conference at Porte de Versailles exhibition center in Paris, France June 16, 2022.Benoit Tessier | ReutersChangpeng Zhao, the founder and former CEO of crypto exchange Binance, heads to a...
Eurozone CPI unchanged at 2.4% in Apr, core CPI down to 2.7%
Eurozone CPI was unchanged at 2.4% yoy in April, matched expectations. CPI core (energy, food, alcohol & tobacco) slowed from 2.9% yoy to 2.7% yoy, above expectation of 2.6% yoy. Looking at the main components of euro area inflation, services is expected to have...
MAS not to extend pause on DBS Bank’s non-essential activities
The Monetary Authority of Singapore (MAS) today announced that it will not be extending the pause imposed on DBS Bank Ltd that was effective from 1 November 2023 to 30 April 2024, while the multiplier of 1.8 times to DBS Bank’s risk weighted assets for operational...
Walmart launches new grocery brand BetterGoods
People talk outside a Wal-Mart Pickup-Grocery store in Bentonville, Arkansas.Rick Wilking | ReutersWalmart is debuting a new grocery brand, as the discounter tries to retain the shoppers it has attracted during a period of high inflation.On Tuesday, the big-box...
As India heads to the polls, investors are looking to profit from Modi’s policies
Narendra Modi’s government has invested heavily in public infrastructure via polices that have boosted India’s growth
RBI issues draft framework for electronic trading platforms, BFSI News, ET BFSI
The Reserve Bank of India on Monday proposed a revised regulatory framework for Electronic Trading Platforms (ETPs) in the wake of increased integration of the onshore forex market with offshore markets. Market makers too have been requesting the Reserve Bank to allow...
Will AUDUSD Exit the Range Again?
AUDUSD comes under selling interest this week But stays within sideways range A break below 0.6485 may turn the outlook bearish For the picture to brighten, a move above 0.6615 may be needed AUDUSD was sold this week, after the bulls struggled to overcome the 0.6575...
The Indian banks’ tech you love is a banana peel for RBI battling potential scams, ET BFSI
After being saddled for years with the biggest bundle of bad loans anywhere in the world, the Indian financial system had only recently found its footing. But with profitability at a decade high and capitalization well in excess of the regulatory minimum, the...
The 10 most expensive cars to maintain
Over 10 years, buying one car brand can cost you almost five times as much in maintenance fees as another.
Morgan Stanley sees 10 to 15 more tech IPOs in 2024, better 2025
Following a long period of waiting, "the IPO market's back."That's according to Colin Stewart, Morgan Stanley's global head of technology equity capital markets. In an interview with CNBC's "TechCheck" on Monday, Stewart said 10 to 15 more tech companies could go...
Markets4you engages cricket legend AB de Villiers as Brand Ambassador
Offshore CFDs broker Markets4you has announced that it is partnering with South African cricket icon AB de Villiers as its new Brand Ambassador. The parties said that this partnership unites two champions in their respective fields, showcasing a mutual commitment to...
Paramount CEO Bob Bakish steps down
Bob Bakish, president and chief executive officer of Viacom, attends the fourth day of the annual Allen & Company Sun Valley Conference, July 11, 2023 in Sun Valley, Idaho. David A. Grogan | CNBCParamount Global CEO Bob Bakish is stepping down, the company...
RBI directs lenders to review their lending practices in line with fair practice code, ET BFSI
The Reserve Bank of India (RBI) on Monday directed regulated entities to review their lending practices in line with fair practice code after it found that some lenders are resorting to certain unfair practices in charging interest rates, a statement issued by the...
Eurozone GDP rises 0.3% qoq in Q1, above exp 0.1% qoq
Eurozone GDP grew 0.3% qoq, 0.4% yoy in Q1, better than expectation of 0.1% qoq, 0.2% yoy. EU GDP grew 0.3% qoq, 0.5% yoy. Among the Member States for which data are available, Ireland (+1.1%) recorded the highest increase compared to the previous quarter, followed by...
Struggling with Money? Don’t Isolate.
This post is adapted from YNAB's twice-monthly newsletter, Loose Change. Ever have a bad day surrounded by people who seem to be having the best day of their lives? You might feel pressure to share some good news yourself. Let them know that you’re on the up and up...
Check out Colin Kaepernick’s pristine Tribeca condo, listed for $3.45 million
The athlete and activist, formerly of the San Francisco 49ers, picked up the condo in 2017.
Samsung Electronics’ operating profit jumps 933% in first quarter, beats expectations
Samsung Electronics Co. Galaxy S24 smartphones during a media preview event in Seoul, South Korea, on Monday, Jan. 15, 2024. Samsung, the world's most prolific smartphone maker, is leaning into artificial intelligence as the key to unlocking greater sales this year....
Rupee counts on support from central bank before Fed policy decision, ET BFSI
The RBI will "in all likelihood" not want the rupee to slip below the all-time low of 83.5750, a trader at a different bank said.The Indian rupee will open broadly unchanged on Tuesday amid likely dollar demand and expectations that the central bank will not allow the...
RBI launches two key surveys for monetary policy inputs, BFSI News, ET BFSI
MUMBAI: The Reserve Bank of India (RBI) on Monday announced the launch of 'Inflation Expectations Survey of Households' and 'Consumer Confidence Survey' which will provide key inputs for the bi-monthly monetary policy. The next bi-monthly monetary policy is scheduled...
J&J, Bristol Myers Squibb lose Medicare drug-price talks challenges
Jonathan Raa | Nurphoto | Getty ImagesA federal judge in New Jersey on Monday rejected Johnson & Johnson's and Bristol Myers Squibb's legal challenges to the Biden administration's Medicare drug-price negotiations, ruling that the program is constitutional. The...
S&P upgrades Euronext to ‘BBB+, Positive Outlook‘
Pan-European market infrastructure Euronext today welcomed the decision of S&P to upgrade Euronext from ‘BBB+, Stable Outlook’ to ‘BBB+, Positive Outlook’. S&P decision reflects the approaching completion of the integration of the Borsa Italiana Group, the...
GBPUSD Battles With 200-Day SMA
GBPUSD rebounds strongly from a 5-month bottom But meets strong resistance at 200-day SMA Momentum indicators improve but remain neutral-to-negative GBPUSD experienced a vast decline after posting a fresh 2024 high of 1.2892, generating a clear structure of lower...
Cryptocurrency Investment Strategies for Beginners
Investments are one of the integral aspects of any individual’s financial planning. Any individual can invest in different instruments, such as shares, bonds, or stocks, and even in gold, real estate, or artworks. The latest entry into the world of investment is...
Why global gold demand marked its best first quarter in 8 years
Gold demand marked its strongest first quarter in eight years, buoyed by “healthy investment” from the over-the-counter market as well as central bank purchases, which saw their best start to any year on record, according to a report from the World Gold Council...
Europe may need to impose up to 55% in tariffs
Vehicles set to be shipped to Europe, at Taicang Port on Dec. 19, 2022, in Suzhou, China.Vcg | Visual China Group | Getty ImagesThe European Union will need to levy higher-than-expected tariffs of up to 55% on Chinese electric vehicles to curb their imports into the...
4 Tax Benefits If You’re Taking Care of Children and Elders
Being an in-home caregiver can be a difficult job, emotionally and financially. Being responsible for someone else’s well-being can be stressful, and it is often expensive. Fortunately, the IRS has some tax benefits available if you take care of and support a family...
Satin CreditCare Network reports 33% YoY jump in March quarter, ET BFSI
Microfinance company Satin CreditCare Network on Monday reported a 33% year-on-year jump in March quarter standalone net profit at Rs 125 crore, backed by robust business and revenue growth.The net profit was Rs 94 crore in the year ago period.The lender's net...
Understanding the impact on MSMEs, startups & other sectors, ET BFSI
Evergreen loans pose a systemic risk to the financial system. These are essentially loans that are perpetually renewed, preventing genuine repayment and masking potential defaults.In scaling up any business, the initial hurdle often revolves around the requirement for...
FX option expiries for 30 April 10am New York cut
There aren't any major expiries to take note of for the day. As such, traders will be left to their own devices in working with the technicals and overall risk mood mostly. Besides that, do be wary that month-end flows could factor into play especially closer to the...
HSBC says chief executive to retire after ‘intense’ five years
HSBC on Tuesday said its chief executive, Noel Quinn, will retire after nearly five years at the helm.
Microsoft to invest $1.7 billion into AI infrastructure in Indonesia
Microsoft CEO Satya Nadella (C) arrives for a meeting with Indonesia's President Joko Widodo at the Merdeka Palace in Jakarta on April 30, 2024. (Photo by BAY ISMOYO / AFP) (Photo by BAY ISMOYO/AFP via Getty Images)Bay Ismoyo | Afp | Getty ImagesMicrosoft on Tuesday...
McDonald’s (MCD) Q1 2024 earnings
McDonald's french friesPicture Alliance | Picture Alliance | Getty ImagesMcDonald's is expected to report its first-quarter earnings before the bell on Tuesday.Here's what Wall Street analysts surveyed by LSEG are expecting:Earnings per share: $2.72 expectedRevenue:...
Latest news on Russia and the war in Ukraine
Russia likely used ballistic missile with cluster warhead in Odesa attack, official saysRussian forces used an Iskander missile armed with a cluster warhead to carry out the deadly strike on a crowded seaside area of Odesa on Monday, an official said.Dmytro...
Aussie Weighed Down by Retail Sales and China, Gold Ready for Another Down Leg
Australian Dollar weakened across the board in Asian session, dragged down by unexpectedly poor retail sales data for March. The contraction in sales is a reminder to RBA about the ongoing impact of cost of living pressures exacerbated by higher interest rates and...
Exclusive: cTrader developer Spotware hires Elena Kupriianova as CMO
FNG Exclusive… FNG has learned that Spotware Systems, developer of the popular cTrader multi-asset trading platform, has hired experienced FX and CFDs industry executive Elena Kupriianova as the company’s new Chief Marketing Officer (CMO). Spotware had been...
How to Avoid Self-Employment Tax & Ways to Reduce It
Throughout its history, America has been the land of self-made men and women. But, America’s self-employed must contend with a unique burden every April 15: the self-employment tax. Simply being self-employed subjects one to a separate 15.3% tax covering Social...
Banks may block your account for these fund transfers; here’s how to secure your account, ET BFSI
Imagine waking up to a notice that your hard-earned money is no longer accessible, all because your bank account or debit/credit card has been blocked. This was the reality for a customer of an Indian bank, who took to social media to share his ordeal. His credit card...
AMC’s stock on pace for biggest decline in a month after preliminary first-quarter results
Shares of AMC Entertainment Holdings Inc. are down 11.6% Monday, putting the stock on pace for its biggest decline since April 1, when it fell 15.6%.
Boeing scores $10 billion bond financing in ‘much-needed’ liquidity boost
Fresh off reporting a more than $300 million quarterly loss, Boeing Co. saw robust demand on Monday for its $10 billion corporate-bond deal.
A HC ruling raises hopes of recovery for LVB bondholders, BFSI News, ET BFSI
In a landmark order, the Madras High Court directed the Reserve Bank of India (RBI) to conduct a fresh valuation exercise based on which the regulator should reconsider its decision to write off the tier-2 bonds of Lakshmi Vilas Bank (LVB), which was merged with DBS...
5 Tax Tips for Starting a New Business
If you are venturing out on your own, congratulations! Starting your own business can be tremendously rewarding if you do it right. From business plans to market strategies, there are a lot of important financial decisions ahead. So, let’s start you off on the right...
Ford’s ‘hands-free’ driver-assistance system under investigation
U.S. highway-safety regulators have opened an investigation into two accidents allegedly involving Ford Motor Co.’s BlueCruise advanced driver-assistance features, in which two Mustang Mach-Es collided with stationary vehicles in incidents that left three people dead.
EUR/AUD Daily Outlook – Action Forex
Daily Pivots: (S1) 1.6324; (P) 1.6393; (R1) 1.6436; More… Intraday bias in EUR/AUD remains on the downside at this point. Fall from 1.6742 is seen as the third leg of the corrective pattern from 1.7062. Deeper fall would be seen to 1.6127 support, or further to 100%...
XTB sees record Revenues of $139M in Q1-2024
Poland based Retail FX and CFDs brokerage group XTB SA (WSE:XTB) has followed up a record 2023 with an even better start to 2024, reporting record quarterly Revenues and near-record Profits for the first quarter of the year. XTB financial results Q1 2024 Revenues at...
Private banks grapple with rising IT expenses amid surge in transactions, ET BFSI
NEW DELHI: Private banks are experiencing a significant increase in information technology expenses as most transactions are now conducted digitally. Unlike the one-time capital expenses incurred when they migrated to core banking, IT is now becoming a recurring cost...
Would combining will-writing with the mortgage process help?
No, but here’s what we learned
EUR/GBP Daily Outlook – Action Forex
Daily Pivots: (S1) 0.8550; (P) 0.8567; (R1) 0.8576; More… Intraday bias in EUR/GBP remains on the downside at this point. Corrective rebound from 0.8497 should have completed at 0.8643, after rejection by trend line resistance. Deeper fall would be seen to retest...
Peacock streaming subscription prices to increase before Summer Olympics
The price of Peacock is flying higher.Subscription prices for Peacock, Comcast's answer to the streaming wars, will increase by $2 this summer. The price adjustment is a way for Comcast's NBCUniversal to capitalize on the Summer Olympics in Paris, which will air on...
What you don’t know will hurt your portfolio
The depressing state of knowledge about retirement planning
Banks may block your account for these fund transfers; here’s how to secure your account, ET BFSI
Imagine waking up to a notice that your hard-earned money is no longer accessible, all because your bank account or debit/credit card has been blocked. This was the reality for a customer of an Indian bank, who took to social media to share his ordeal. His credit card...
EUR/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 167.37; (P) 168.38; (R1) 170.30; More… EUR/JPY’s steep retreat indicates short term topping at 171.58 already. Intraday bias is turned neutral for some consolidations first. But outlook will remain bullish as long as 165.33 resistance turned support...
Trump Media shares soar more than 12% in afternoon trading
Jonathan Raa | Nurphoto | Getty ImagesThe share price of Trump Media soared by more than 12% in afternoon trading Monday, continuing a stunning rise that began in mid-April.The DJT ticker was up more than $5 per share just before 1 p.m. ET.Trump Media owns the Truth...
After being neutral on Apple’s stock since 2018, here’s why one analyst changed his tune
An analyst who had spent more than six years on the sidelines on Apple Inc.’s stock just changed his tune, joining the bull camp in a note titled “Buy the fear.”
GBP/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 195.21; (P) 196.57; (R1) 199.17; More.. GBP/JPY’s steep retreat indicates short term topping at 200.53. Intraday bias is turned neutral for consolidations first. But outlook will remain bullish as long as 193.51 resistance turned support holds. Firm...
Poonawalla Fincorp Q4 profit jumps 67 pc to Rs 332 cr, BFSI News, ET BFSI
New Delhi, Poonawalla Fincorp on Monday reported a 67 per cent jump in consolidated net profit to Rs 332 crore in the March quarter. The company had posted a net profit of Rs 199 crore during the corresponding quarter of the previous financial year. Its total income...
War of words over Norfolk Southern’s board battle intensifies as railroad slams activist Ancora’s labor negotiation
The war of words in the board battle between Norfolk Southern Corp. and Ancora Holdings Group intensified Monday after the activist investor clinched the support of the Brotherhood of Locomotive Engineers and Trainmen Division of the International Brotherhood of...
Consensys Takes Legal Action Against SEC to Safeguard U.S. Ethereum Community – Blockchain News, Opinion, TV and Jobs
In a bold move to protect the interests of the U.S. Ethereum community, Consensys has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC). This legal action comes in response to the SEC’s looming regulatory stance on ether, which threatens to...
Supreme Court denies Trump aide Navarro’s jail release bid
Former Donald Trump adviser Peter Navarro holds a press conference before turning himself into a federal prison on March 19, 2024, in Miami, Florida. Joe Raedle | Getty ImagesThe Supreme Court on Monday denied a request by Peter Navarro, a former advisor to...
Gold Weakens Its Momentum – Action Forex
Gold holds near the 20-day SMA Oscillators are heading south Gold prices are moving back and forth of the 2,320 barrier and the 20-day simple moving average (SMA), while remaining in a positive territory. However, the technical oscillators are weakening their...
SEC charges former BP senior manager with insider trading
The Securities and Exchange Commission (SEC) has charged Chicago-area resident Kevin Crotty with insider trading ahead of a February 16, 2023 announcement that BP p.l.c. agreed to acquire TravelCenters of America Inc. This is the second insider trading case the SEC...
MetaWin Founder Launches $ROCKY Meme Coin on Base Network – Blockchain News, Opinion, TV and Jobs
London, United Kingdom, April 29th, 2024, Chainwire An exciting new meme coin, $ROCKY, has recently debuted on the Base network. Skel.eth, the founder of MetaWin, launched the coin last weekend. Intriguingly, the coin is named after his Pomeranian, also named ROCKY....
Corporate bonds signal ‘clear skies’ for U.S. economy as stocks extend rally
The corporate bond market appears bullish on the U.S. economy.
PSU banks will continue re-rating; SBI, ICICI Bank & Axis Bank poised for a breakout: Laurence Balanco, ET BFSI
"You can see from foreign flows perspective that that rebound in China is detracting from some of the investment in India. I do not think it changes the longer-term trends, but we are in one of those holding patterns similar to the fourth quarter of 2023," says...
I’m going to inherit $6 million in property along with my two siblings — is there a ‘clever’ way to avoid capital-gains tax?
“There are three siblings who are heirs, including me. What happens with the eventual distribution upon my surviving parent’s death?”
US 500 Cash Index in the Green Ahead of Fed
US 500 index is edging higher, a tad below the 50-day SMA Bulls are feeling more confident following strong tech earnings Momentum indicators are mixed at this stage The US 500 cash index is trying to record its third consecutive green candle today as the bulls are...
Exclusive: FCA licensed CFDs broker Acetop sees Revenues up 4x in 2023 led by Spot Gold trading
FNG Exclusive… FNG has learned via regulatory filings that FCA licensed Retail FX, CFDs and spread betting broker Acetop Financial Limited (website: acetop.uk) saw a significant increase in activity in 2023, led by active Spot Gold trading among its clients. Revenues...
Shareholders approach NCLT over ICICI Bank’s brokerage arm’s delisting plan, ET BFSI
Group of shareholders led by a Bengaluru-based investment manager has approached the National Company Law Tribunal over ICICI Bank's plan to delist its broking arm ICICI Securities from Indian bourses.ET on April 24 had reported Manu Rishi Guptha would approach the...
Amazon’s biggest earnings question mark has nothing to do with its results
Amazon reports first-quarter results on Tuesday afternoon.
Family offices look beyond stocks for higher return, less volatility
Large family offices have nearly half their investments in private markets and alternatives, as they move out of the stock market in search of higher returns and lower volatility, according to a new study.Family offices have 46% of their total portfolio in alternative...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 156.06; (P) 157.26; (R1) 159.53; More… Intraday bias in USD/JPY remains neutral at this point as consolidation from 160.20 short term top is extending. Strong support could be seen from 38.2% retracement of 146.47 to 160.20 at 154.95 to bring...
Amazon says 60% of Prime orders are arriving same day or next day
Products are seen at an Amazon fulfillment center where they are being sorted and shipped out as same-day orders during Cyber Monday at the Same-Day Delivery Facility Fulfillment Center in Tampa, Florida, on Nov. 27, 2023.Octavio Jones | Getty Images News | Getty...
Recent Grad? Here are Four Reasons to Start Saving Now Rather Than Later
Congratulations on your graduation! If you recently graduated, whether it’s from college or high school, there are some important decisions ahead of you. Many of these decisions don’t necessarily have right or wrong answers. However, one great decision you can make is...
Here are the most efficient companies within the S&P 500’s bargain-stock sector
The energy sector still appears to be remarkably cheap, despite outperforming all other stock sectors over the past three years.
Bitcoin dips to a 10-day low as the halving bulls wait
Daily bitcoinBitcoin is under pressure today, though it's off the lows. It's down 2% to $62,750 after trading as much as $1000 lower and to the worst levels since April 19. That was the day before the halving, which hasn't been the catalyst that bulls hoped.An...
FCA data: UK financial services firms receive 1.87M complaints in H2 2023
The UK Financial Conduct Authority (FCA) has published the complaints data for the period from 1 July to 31 December 2023. In the second half of 2023, UK financial services firms received 1.87 million complaints, a decrease of 1% from 2023 H1 (1.89m). Since the...
All About Digital Savings Accounts and How They Transform Your Banking Experience?, ET BFSI
In the digital landscape of India today, where technological advancements are shaping every aspect of life, the realm of banking is no exception. As the nation continues to embrace digitalisation with open arms, the traditional brick-and-mortar banking model is...
Pittsburgh Pirates, Penguins launch streaming service for local games
Pittsburgh Pirates pitcher Paul Skenes. Diamond Images | Diamond Images | Getty ImagesThe regional sports network that airs Pittsburgh's MLB and NHL teams is launching a direct-to-consumer streaming service, the latest to take the step as more fans cut the...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.9111; (P) 0.9130; (R1) 0.9165; More…. Intraday bias in USD/CHF remains neutral as sideway consolidation continues. On the upside, firm break of 0.9151 will resume the rally from 0.8332 and should target 0.9243 key resistance next. On the downside,...
Supreme Court rejects Elon Musk over agreement with SEC to vet social media posts
Elon Musk, CEO of Tesla and owner of social media site X, formerly known as Twitter, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition center in Paris, France, on June 16, 2023.Gonzalo Fuentes |...
Oil prices decline as Israel-Hamas cease-fire talks continue
Oil futures kick off the week on a soft note as pressure continues for a cease-fire between Israel and Hamas.
5 Tax Deductions and Credits for Working Moms
If you’re anything like me, being a working mom means your work doesn’t stop at the office. Rather, it continues well after the end of each workday. Being a working mom can be both rewarding and challenging. You certainly get the satisfaction of being able to provide...
MarketAxess appoints Dan Burke as Global Head of Emerging Markets
MarketAxess Holdings Inc. (NASDAQ:MKTX) today announced the appointment of Dan Burke as Global Head of Emerging Markets (EM). As Global Head of EM, Mr. Burke will be responsible for the development and execution of business strategy for the EM business in both hard...
Grocery startup Getir to exit US, Europe and UK, refocus on Turkey
Companies such as Getir and Gorillas promise to deliver items to shoppers' doors in as little as 10 minutes.Angel Garcia | Bloomberg via Getty ImagesGrocery delivery startup Getir announced on Monday that it is quitting international markets including the U.K.,...
USD/JPY 160 the Line in Sand for (Hhidden) Interventions?
Markets Japanese markets were closed for Showa day today. Still, despite (or maybe due to) holiday thinned market conditions, the yen moved sharply up and down this morning. At first, Friday’s post BoJ yen weakening due to persistent policy divergence between the BoJ...
Deutsche Bank shares slip after lender sets aside $1.4 billion to settle Postbank lawsuit
Deutsche Bank shares fell 8% on Monday after the German lender warned it could be forced to pay out up to €1.3 billion ($1.4 billion) to settle a lawsuit over claims it underpaid Postbank’s shareholders during its takeover of the lender in 2012.
Minority shareholders of ICICI Securities file lawsuit against delisting move, ET BFSI
Minority shareholders of ICICI Securities led by Bengaluru-based investment manager Manu Rishi Guptha have filed a class action suit with National Company Law Tribunal (NCLT) against ICICI Bank's bid to delist its broking arm from the Indian bourses.Last month, nearly...
Fulton Financial rallies on plan to buy Republic First Bank — the first U.S. bank failure of 2024
Stock is upgraded to buy from neutral by Janney on expected boost from the purchase.
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2448; (P) 1.2495; (R1) 1.2540; More… Intraday bias in GBP/USD remains on the upside at this point. Rebound from 1.2298 short term bottom would target 55 D EMA (now at 1.2582). Sustained break there will argue that fall from 1.2892 has completed...
Japanese yen shows volatility amid speculation of intervention :: InvestMacro
By RoboForex Analytical DepartmentThe USD/JPY pair is hovering around 155.00 on Monday, having earlier touched a new 34-year peak at 160.00. Market rumours suggest that the Japanese authorities might have intervened in the currency market, although there has been no...
PNB Housing Finance Q4 profit rises 57 pc to Rs 444 crore, BFSI News, ET BFSI
New Delhi, PNB Housing Finance on Monday reported a 57 per cent jump in its net profit to Rs 444 crore in the fourth quarter ended March 2024. The housing finance company had posted a net profit of Rs 283 crore in the same quarter a year earlier. Total income during...
Forget Meme Coins And NFTs, RWA And DePin Are The Next Big Things – Blockchain News, Opinion, TV and Jobs
Meme coins and NFTs have outlived their relevance, and it is now time for crypto investors to focus on DePin and RWA projects like ETFSwap (ETFS). Over the last three years, meme coins and non-fungible tokens (NFTs) have been among the leading narratives in the crypto...
AMC debt extension would be ‘key’ as company looks to clean up balance sheet, says Wedbush
AMC Entertainment Holdings Inc., which reported preliminary first-quarter results late Friday, could be poised for an important move to deal with the company’s debt burden.
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0660; (P) 1.0707; (R1) 1.0739; More… Intraday bias in EUR/USD stays neutral and outlook is unchanged. On the upside, above 1.0752 will resume the rebound to 55 D EMA (now at 1.0780). On the downside, break of 1.0673 minor support will turn...