News
Banking & Finance
Budget
Business
Blockchain
Cryptocurrency
Economy
Forex
Industry
Lifestyle
Small Business
Stocks
Technology
Taxes
Politics
Exness granted South Africa FSCA ODP license
Leading multi-asset retail broker Exness has announced that South Africa financial regulator The Financial Sector Conduct Authority (FSCA) has granted the company an ‘Over-the-Counter Derivative Provider’ (ODP) license in South Africa, broadening its license...
6 Dental Marketing Ideas That Will Help Your Practice Flourish
Marketing is essential for a dental practice to thrive. It doesn’t just bring in new patients; dental marketing is also instrumental in solidifying relationships with existing clients. There are several approaches dentists can take to market their practice...
Immutable (IMX) Achieves Major Milestones in July 2024, Expands into Japan
Jessie A Ellis Aug 07, 2024 07:51 Immutable (IMX) records significant growth with 2M Passport signups, new gaming titles, and expansion into Japan in July 2024. Immutable (IMX) has achieved significant...
Net profit soars 77% YoY to Rs 46 crore, ET BFSI
Grihum Housing Finance, formerly Poonawala Housing Finance, reported a net profit after tax of Rs. 46 crore for the first quarter of this fiscal, up 77% on year. The housing finance company has assets under management of Rs. 8,700 crore, up 33% on year.“Our...
RBI’s redressal framework, where and how to lodge a complaint?, ET BFSI
The Reserve Bank of India (RBI) has established a comprehensive framework for redressal of complaints against entities regulated by it, including banks, non-banking finance companies (NBFCs), digital payment operators, and other financial institutions. There are...
Elon Musk to interview Donald Trump after Harris taps Walz
Elon Musk (L) and Donald Trump (R).David Swanson | Vincent Alban | ReutersRepublican presidential nominee Donald Trump said he will be interviewed on Monday night by Elon Musk, the billionaire who runs Tesla, SpaceX and social media site X.The former president's...
Arsenal names Athletic Brewing as official nonalcoholic beer partner
Athletic Brewing Company is the official nonalcoholic beer partner of Arsenal F.C.Courtesy: Athletic Brewing Co.Athletic Brewing Company has scored a partnership with Arsenal, becoming the English soccer team's first official nonalcoholic beer partner.Arsenal will...
George Danezis Discusses Mysticeti’s Impact on Sui’s Throughput and Latency
Lawrence Jengar Aug 06, 2024 19:25 Mysten Labs' Chief Scientist, George Danezis, elaborates on Sui's new consensus engine, Mysticeti, and its influence on throughput and latency. Mysten Labs' Chief Scientist,...
ICICI Bank to target self-employed, scale up its private banking to build deposit base, ET BFSI
Mumbai: India’s second largest lender ICICI Bank is gearing up to target the self-employed individuals, scale up its private banking and wealth management clientele and focus on family offices to build its deposit base. In an interaction with Macquarie Capital the...
USD/CHF Daily Outlook – Action Forex
Daily Pivots: (S1) 0.8437; (P) 0.8520; (R1) 0.8606; More… USD/CHF recovered after dipping to 0.8431 and intraday bias is turned neutral first. Some consolidations would be seen but upside should be limited by 0.8711 resistance. Below 0.8431 will resume the fall from...
Over Rs 177 crore lost on account of ATM/credit card, internet banking frauds, ET BFSI
New Delhi: As much as Rs 177 crore was lost on account of credit, debit card and internet banking frauds in the 2023-24 fiscal, Parliament was informed on Monday. In a written reply to the Lok Sabha, Minister of State for Finance Pankaj Chaudhary said the amount of...
High School Innovator Develops Robot Guide Dogs Using NVIDIA Jetson
Peter Zhang Aug 06, 2024 18:29 High school student Selin Alara Ornek creates robot guide dogs for the visually impaired using the NVIDIA Jetson platform, combining edge AI with robotics. High school student...
GBP/USD Daily Outlook – Action Forex
Daily Pivots: (S1) 1.2719; (P) 1.2769; (R1) 1.2829; More… Intraday bias in GBP/USD stays neutral as range trading continues. Further decline is in favor with 1.2863 resistance intact. On the downside, below 1.2706 will target 1.2612 support first. Decisive break there...
Trump, Harris campaigns race to define Tim Walz
This combination of pictures shows Vice President Kamala Harris in Washington, DC on July 22, 2024, and Governor of Minnesota Tim Walz in Washington, DC, July 3, 2024. Jim Watson, Chris Kleponis | AFP | Getty ImagesThe Kamala Harris and Donald Trump presidential...
Public sector banks’ NPAs on Mudra loans fall to 3.4 pc in 2023-24: Sitharaman, ET BFSI
Public sector banks' non-performing assets associated with the Mudra loan category have declined to 3.4 per cent in the 2023-24 fiscal, Finance Minister Nirmala Sitharaman said on Monday. This marks an improvement from 4.77 per cent in 2020-21, 4.89 per cent in...
Broadridge registers rise in revenues in Q4 FY24
Broadridge Financial Solutions, Inc. (NYSE:BR) today reported financial results for the fourth quarter and fiscal year 2024. Total revenues increased 6% to $1,944 million in the final quarter of fiscal year 2024 from $1,839 million in the prior year period. Recurring...
Charles Barkley commits to staying at Warner Bros. TNT Sports
NBA analyst Charles Barkley talking on set before the New York Knicks game against the Cleveland Cavaliers at the then-Quicken Loans Arena in Cleveland, Ohio, on Oct. 25, 2016.David Dow | National Basketball Association | Getty ImagesCharles Barkley is not retiring...
USD/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 141.68; (P) 144.17; (R1) 146.64; More… USD/JPY recovered after diving to 141.67 and intraday bias is turned neutral first. Some consolidations would be seen but upside should be limited by 150.88 resistance to bring another fall. Break of 141.67...
LangSmith Enhances LLM Apps with Dynamic Few-Shot Examples
Rongchai Wang Aug 06, 2024 17:35 LangSmith introduces dynamic few-shot example selectors, allowing for improved LLM app performance by dynamically selecting relevant examples based on user input. LangSmith has...
Microsoft fires back at Delta after outage, says airline declined help
Delta Airlines planes are seen parked at Seattle-Tacoma International Airport on June 19, 2024 in Seattle, Washington. Kent Nishimura | Getty ImagesMicrosoft fired back at Delta Air Lines on Tuesday after the carrier said it would seek damages from the software giant...
Harvard must face lawsuit over antisemitism on campus, US judge says
A general view of the Baker Library/Bloomberg Center on February 17, 2024, at Harvard Business School in Allston, MA. Erica Denhoff | Icon Sportswire | Icon Sportswire | Getty ImagesHarvard University failed to persuade a U.S. judge to dismiss a lawsuit in which...
Permitted and prohibited items, bank responsibilities, and locker operations, ET BFSI
Bank lockers provide a secure way to store valuable items, but there are specific guidelines on what can and cannot be kept inside them. The bank is responsible for losses due to its own negligence or fraudulent actions, with compensation up to one hundred times the...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2719; (P) 1.2769; (R1) 1.2829; More… GBP/USD’s fall from 1.3043 resumed by breaking 1.2706 temporary low and intraday bias is back on the downside for 1.2612 support. Decisive break there should confirm that rise from 1.2298 has completed, and...
CySEC outlines new rules on digital onboarding
The Cyprus Securities and Exchange Commission (CySEC) today published a Policy Statement on the enhancement of the non-face-to-face customer onboarding process with electronic methods to outline its new rules on digital onboarding. Obliged Entities within the meaning...
NVIDIA NIM Microservices Revolutionize AI Model Deployment
Caroline Bishop Aug 06, 2024 17:07 NVIDIA NIM microservices are accelerating AI application development across various industries, offering optimized solutions for speech, translation, retrieval, digital biology, and more. ...
Disney raises prices for Disney+, Hulu and ESPN+
The atmosphere at the Disney Bundle Celebrating National Streaming Day at The Row in Los Angeles on May 19, 2022.Presley Ann | Getty Images Entertainment | Getty ImagesDisney is raising prices on its streaming platforms.Starting mid-October, most plans for Disney+,...
Elon Musk’s X sues advertisers over alleged ‘massive advertiser boycott’ after Twitter takeover
Jakub Porzycki | Nurphoto | Getty ImagesElon Musk's social media platform X has sued a group of advertisers, alleging that a "massive advertiser boycott" deprived the company of billions of dollars in revenue and violated antitrust laws.The company formerly known as...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 141.68; (P) 144.17; (R1) 146.64; More… Intraday bias in USD/JPY remains neutral for consolidation above 141.67. Upside of recovery should be limited by 150.88 resistance to bring another fall. On the downside, break of 141.67 will resume the decline...
Taiko’s Rollup Coaster #28 Explores Latest Ethereum Innovations
Zach Anderson Aug 06, 2024 16:47 Taiko's Rollup Coaster #28 delves into Ethereum advancements, covering rollups, zero-knowledge proofs, TEEs, MEV/PBS, and more. Taiko's bi-weekly newsletter, The Rollup Coaster,...
Harris running mate Tim Walz praised by Democrats passed over
Josh Shapiro, governor of Pennsylvania, speaks during a rally in support of Kamala Harris for president, along with Gretchen Whitmer, governor of Michigan, at Wissahickon High School in Ambler, Pennsylvania, on July 29, 2024.Lev Radin | Lightrocket | Getty...
OptionMetrics releases its new IvyDB Signed Volume intraday dataset
OptionMetrics, an options, equities, ETFs, and futures analytics provider for institutional investors and academic researchers worldwide, has released its new IvyDB Signed Volume intraday dataset, now available in five-minute and 30-minute snapshot intervals...
Bank account nominees to be increased to four, amid other key amendments, ET BFSI
The government is set to introduce two key Bills in the Lok Sabha during the week starting August 5. One of these, the 'Banking Laws (Amendment) Bill 2024,' aims to bring substantial changes to banking regulations.The Union Cabinet approved the introduction of the...
Shiba Inu (SHIB) Whales Trigger Bullish Momentum for RCOF and AAVE as Exchange Outflows Rise
Shiba Inu (SHIB) whales trust the meme coin’s potential as exchange withdrawals spike. Meanwhile, RCO Finance (RCOF) and Aave (AAVE) show bullish price movements. We will examine the effect of SHIB holders’ actions on RCOF and SHIB and how crypto enthusiasts can...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8437; (P) 0.8520; (R1) 0.8606; More… Intraday bias in USD/CHF remains neutral for consolidations above 0.8431. Upside of recovery should be limited by 0.8711 resistance to bring another fall. On the downside, below 0.8431 will resume the decline...
Exclusive: easyMarkets gets South Africa FSCA license
FNG Exclusive… FNG has learned that Cyprus based Retail FX and CFDs broker easyMarkets has obtained a Financial Sector Conduct Authority (FSCA) license for a new subsidiary of the company in South Africa. Other easyMarkets entities are already licensed by CySEC in...
ICICI Bank promoting strong compliance culture: Sandeep Bakhshi, ET BFSI
India’s second largest private lender ICICI Bank is promoting a strong compliance culture to ensure balance between risk and rewards, its managing director and CEO Sandeep Bakhshi has said in his annual address to shareholders. The comments by Bakhshi which are part...
UK’s Operation Cronos Successfully Takes Down LockBit Ransomware Group
Luisa Crawford Aug 06, 2024 15:33 UK's Operation Cronos, in collaboration with international partners, successfully dismantled LockBit, the world’s most prolific ransomware ecosystem, highlighting the importance of international...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0893; (P) 1.0951; (R1) 1.1009; More….. Intraday bias in EUR/USD is turned neutral with break of 1.0932 minor support. Some consolidations would be seen below 1.1007 first. While deeper retreat cannot be ruled out, downside should be contained well...
NZD/USD Sees Recovery After Hitting Nine-Month Low :: InvestMacro
By RoboForex Analytical DepartmentThe NZD/USD pair has shown signs of recovery, reaching 0.5941 after initially plunging to a nine-month low. This downturn was triggered by concerns over a potential US recession, driven by weak job sector data, which rattled global...
Banks write off loans worth Rs 9.90 lakh cr in last 5 financial years, ET BFSI
New Delhi, Banks have written off loans worth Rs 9.90 lakh crore in the last five financial years, Parliament was informed on Tuesday. During 2023-24, banks loan write off was at Rs 1.70 lakh crore, as against Rs 2.08 lakh crore in the previous fiscal, Minister of...
Canada’s Trade Position Swings to a Surplus in June
Canada’s merchandise trade balance moved sharply into surplus territory in June after three months in deficit. June’s surplus registered at $638 million, with last month’s deficit being revised slightly lower to $1.6 billion. Merchandise exports increased by a hefty...
IOTA (MIOTA) Achieves Shari’a Compliance Certification
James Ding Aug 06, 2024 14:50 IOTA (MIOTA) has been certified as Shari’a-compliant by the Cambridge Institute of Islamic Finance, aligning with Islamic principles for enhanced trust in the Middle East. The IOTA...
UK slams Elon Musk after billionaire comments on riots
Elon Musk attends 'Exploring the New Frontiers of Innovation: Mark Read in Conversation with Elon Musk' session during the Cannes Lions International Festival Of Creativity 2024 - Day Three on June 19, 2024 in Cannes, France. Marc Piasecki | Getty ImagesLONDON — The...
Gold (XAU/USD) Steadies After Volatile Monday; DXY Bounces Back
Gold prices rebounded above $2,400/oz after a dip to $2,364/oz, showing resilience despite a strengthening US Dollar. Gold benefits from expectations of more aggressive rate cuts and its safe-haven status. Geopolitical and economic risks in the second half of 2024,...
Interactive Brokers enables its clients to access listed derivatives on Bursa Malaysia
Interactive Brokers (NASDAQ:IBKR), an automated global electronic broker, has announced that its clients can now access listed derivatives on Bursa Malaysia, one of the largest bourses in ASEAN. With this launch, Interactive Brokers’ clients can now trade Crude Palm...
Heist at WazirX sparks security overhaul in Indian crypto industry, ET BFSI
The recent security breach at WazirX, resulting in the theft of over $230 million, has sent shockwaves through the Indian cryptocurrency market, prompting a reassessment of security measures across the industry. The heist, which compromised 45% of WazirX's crypto...
Bitcoin catches a bid in rise above $56,000
Bitcoin hourlyBitcoin is at the highs of the day, up more than 3% and above $56,000.The highs yesterday early and today peaked at $56,285 and we briefly edged above that. It's an impressive rebound after falling below $50,000 several times yesterday but it's still a...
New funding values email security firm Abnormal at more than $5 billion
Abnormal Security co-founders Sanjay Jeyakumar and Evan ReiserAbnormal SecurityCybersecurity company Abnormal Security said Tuesday it has raised $250 million in a Series D funding round that values the firm at $5.1 billion.Abnormal's latest funding round is being led...
Google Enhances Smart Home with Gemini Integration
James Ding Aug 06, 2024 14:10 Google introduces Gemini models to enhance Nest cameras and smart home devices, offering improved AI capabilities and natural interactions. Google is set to revolutionize the smart...
SFIO probe into Sahara group companies ongoing: Finance minister, ET BFSI
Nirmala SitharamanNEW DELHI: The Serious Fraud Investigation Office (SFIO) is carrying out a detailed probe into the matter related to the Sahara group companies and further action will be taken after its report, Union Finance Minister Nirmala Sitharaman said in the...
JP 225 Index Tries to Find Footing After 20% Crash
JP 225 index plummets to 10-month low amid global stock meltdown Oversold signals detected; but bulls could show up above 33,585 Japan’s 225 stock index (cash) started the month on the wrong foot, sinking by a massive 21% to a 10-month low of 30,361 in the wake of...
Hong Kong Monetary Authority Reviews Virtual Banks, Proposes Renaming to ‘Digital Banks’
Rongchai Wang Aug 06, 2024 13:25 The HKMA issued a report on virtual banks, evaluating their impact and proposing a name change to 'Digital Banks'. The Hong Kong Monetary Authority (HKMA) has released a...
Bitcoin miner Core Scientific expands CoreWeave deal to $6.7 billion
In January, U.S. bitcoin miner Core Scientific was bankrupt and battling angry lenders. Since its return to the stock market that month, the share price is up 140% as the company aggressively goes after building a business in artificial intelligence.On Tuesday, the...
AIs encode language like brains do − opening a window on human conversations :: InvestMacro
By Zaid Zada, Princeton University Language enables people to transmit thoughts to each other because each person’s brain responds similarly to the meaning of words. In our newly published research, my colleagues and I developed a framework to model the brain activity...
PSU banks’ compensation against fraud rises over three-fold to Rs 140 crore in FY’24, ET BFSI
New Delhi: Public sector banks have reported over three-fold jump in compensation towards frauds or e-frauds reported by their customers to Rs 140 crore during 2023-24, Parliament was informed on Tuesday. The amount of compensation paid by these banks stood at Rs...
Dollar Strengthens Mildly Amid Market Calm, Sterling Weakens
Dollar is showing broad but mild strength today as global financial markets stabilize after recent turmoil. The stock market rebound, including a notable 10% surge in the Nikkei, appears to be driven by short covering rather than a sustained recovery. Despite the...
Kamala Harris’ VP pick is Tim Walz
Vice President Kamala Harris chose Minnesota Gov. Tim Walz as her Democratic running mate for the 2024 presidential election, three people familiar with the choice tell NBC News. The two are scheduled to appear together later in the day Tuesday in Philadelphia.Walz,...
Crypto sell-off first big market test for new spot bitcoin, ether ETFs
Omar Marques | Lightrocket | Getty ImagesBitcoin and ether are gaining back ground after falling to their lowest level in six months on Monday in the first major test of the recently launched crypto exchange-traded funds.As of early Monday, roughly $370 billion...
COP29 only chance to bridge climate action, finance gaps: Commonwealth Secretary-General, ET BFSI
New Delhi: The COP29 climate talks in Azerbaijan's Baku is the world's only chance to bridge the gaps in climate action and finance which is crucial to "rebuild trust" among countries and protect lives and livelihoods, Commonwealth Secretary-General Patricia Scotland...
In Discussion with Andy Biggs: Introducing Cutting-Edge Technology for Prime of Prime Trading
The latest advancements in prime of prime trading technology are transforming the financial landscape, unlocking new benchmarks in what is possible for performance and efficiency. In an exclusive Q&A session, Andy Biggs, Finalto’s Group Head of Risk & Trading,...
Bajaj Housing, Baazar Style among 5 IPOs approved by Sebi, BFSI News, ET BFSI
Capital markets regulator Sebi has approved the public offers of five companies, but also returned the offer document of Sanathan Textiles. The approved IPOs include that of Manba Finance, Baazar Style, Deepak Builders, Diffusion Engineers and Bajaj Housing...
EUR/USD Daily Outlook – Action Forex
Daily Pivots: (S1) 1.0893; (P) 1.0951; (R1) 1.1009; More….. Intraday bias in EUR/USD stays on the upside with 1.0932 minor support intact. Current rally is part of the whole rise from 1.0665 and should target 100% projection of 1.0665 to 1.0947 from 1.0776 at 1.1056...
Common Ground World Launches Weekly Competition with $GALA Prizes
Zach Anderson Aug 06, 2024 04:09 Gala Games announces a new weekly competition in Common Ground World, offering $GALA prizes for top leaderboard finishers. Starts August 6th. Gala Games has announced an exciting...
China launches its rival to Elon Musk’s Starlink internet satellites
The Chang'e 6 lunar probe and the Long March-5 Y8 carrier rocket combination sit atop the launch pad at the Wenchang Space Launch Site in Hainan province, China May 3, 2024. Eduardo Baptista | ReutersChina on Tuesday launched its first batch of internet satellites...
Bitcoin rises slightly as crypto and other risk assets look to rebound from sell-off
Cryptocurrencies on Tuesday recovered some of the previous day's losses after bitcoin briefly fell under $50,000 for the first time in six months.The price of the flagship cryptocurrency was last higher by 3.5% at $55,051.74, according to Coin Metrics. Ether, rose...
Bitcoin’s Bear Rally?
Market picture The cryptocurrency market has survived the peak of fear, finding the strength to consolidate during European trading and begin a recovery during active hours in the Americas. As a result, the crypto market capitalisation is up 11.3% in 24 hours to $1.98...
Govt willing to hear cases of harassment for loan recovery: Nirmala Sitharaman, ET BFSI
Finance minister Nirmala Sitharaman on Monday told the Lok Sabha that the government is closely monitoring any harassment of borrowers during loan recovery and is willing to hear any cases that come up.The finance minister made this observation in her reply on the...
Forced closures of carry-trade positions led to a crash in indices on Monday. The RBA maintained its policy settings :: InvestMacro
By JustMarketsAt Monday’s close, the Dow Jones (US30) Index was down 2.60%, while the S&P 500 (US500) Index fell by 3.00%. The NASDAQ Technology Index (US100) closed negative 3.43%. The S&P 500 and Nasdaq 100 Indexes fell to 3-month lows, and the Dow Jones...
Indian banks’ bad loan write-offs drop to Rs 1.70 lakh crore in FY24, ET BFSI
Write-offs by scheduled commercial banks in India have decreased significantly over the last five years, dropping to just over Rs 1.70 lakh crore at the end of FY 2023-24 from over Rs 2.34 lakh crore in FY 2019-20, marking a decline of more than 27%, according to data...
Gala Games Announces Weekly Competition in Common Ground World with $GALA Prizes
Rebeca Moen Aug 06, 2024 04:35 Gala Games has launched a new weekly competition in Common Ground World, offering $GALA prizes for top performers. Join the game and compete now! Gala Games has unveiled a new...
AUD/USD Remains Under Pressure as RBA Holds Rates
The Australian dollar gained ground earlier but has reversed directions and has edged lower. In the European session, AUD/USD is trading at 0.6778, down 0.24% at the time of writing. RBA maintains cash rate at 4.35% The Reserve Bank of Australia held the cash rate at...
Yum Brands (YUM) earnings Q2 2024
A sign is posted in front of a Taco Bell restaurant on May 01, 2024 in Richmond, California. Justin Sullivan | Getty ImagesYum Brands on Tuesday reported a mixed quarter as both Pizza Hut and KFC reported declining same-store sales.Shares of the company fell less than...
iSAM Securities expands liquidity offering adding 16 instruments including China H Shares, Commodities
London based prime-of-prime broker and liquidity solutions provider iSAM Securities has announced that it has expanded its liquidity offering with the addition of 16 new instruments, including China H Shares, Cocoa, Coffee Arabica, Coffee Robusta, Cotton, Singapore 30...
NITI Aayog to lay out roadmap for deepening of corporate bond market, ET BFSI
NITI Aayog has kick-started holistic research on India’s corporate bond market and will soon firm up its recommendations on ways to deepen the corporate bond market, seen as an alternative to bank finance for borrowers, the Aayog said in its Annual Report 2023-24.“The...
Bangladesh unrest not likely to impact India’s overall trade balance: S&P, ET BFSI
India is a well diversified exporter and a blip in its exports to Bangladesh is unlikely to have any meaningful impact on India's overall trade position for the full year, S&P Global Ratings said on Tuesday. Bangladesh is facing its worst political crisis since...
Uber Q2 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 second-quarter results that topped Wall Street estimates on Tuesday. The stock rose about...
Will BoJ Summary of Opinions Add More Fuel to Yen’s Engines?
Yen rallies on cocktail of developments BoJ Summary could offer more policy clarity The report will be published on Wednesday at 23:50 GMT Yen skyrockets more than 12% after intervention After hitting a 38-year low against its US counterpart on July 3, the Japanese...
Announcement – AI for Everyone Course Launched
Artificial intelligence still seems to be out of reach for many people in the world who don’t have technical skills. 101 Blockchains has come up with the new AI for Everyone course launched recently to help you gain AI skills. Our primary objective for creating this...
Binance Futures Introduces New ZROUSDT USDⓈ-M Contract for Copy Trading
Peter Zhang Aug 06, 2024 05:01 Binance Futures adds ZROUSDT USDⓈ-M contract to its Copy Trading service, enhancing opportunities for traders to follow experienced portfolios. Binance Futures has announced the...
Eternal Paradox Unveils Season 5 Results and Teases Exciting Updates for Season 6
Caroline Bishop Aug 06, 2024 05:19 Eternal Paradox concludes Season 5, revealing top Captains and rewards, while introducing new features for Season 6. Season 5 of Eternal Paradox has concluded with a thrilling...
HK virtual banks reach 2.2M depositors
The Hong Kong Monetary Authority (HKMA) issued today a report on its review of virtual banks (VBs). The review was conducted in 2024, several years after the eight VBs commenced their business in 2020, to look into their operations and impact on the Hong Kong banking...
AUDUSD Stays in One Piece After Flash Crash
AUDUSD bounces back from its lowest point in nine months Short-term risk skewed to the upside; close above 0.6500 needed RBA maintains steady policy; pushes back rate cut timing AUDUSD encountered a significant drop to a nine-month low of 0.6346 on Monday, marking its...
State Bank of India forms a team of 2,000 bankers to attract the rich clients, ET BFSI
State Bank of India (SBI), the largest lender in the country, is giving its wealth management business a renewed push amid a surge in the number of affluent individuals in India. Chairman Dinesh Khara announced in earnings call that SBI is deploying about 2,000...
Contours of three jobs schemes being finalised, BFSI News, ET BFSI
New Delhi: The Ministry of Labour and Employment is finalising three employment-linked incentive schemes announced in the budget before forwarding them to the expenditure finance committee for approval later this month. The committee's nod is necessary for rolling out...
How Coworking Spaces Are Redefining the Business World
The entire concept of coworking spaces is attaining major fame in transitioning the manner in which businesses are functioning these days. These are the shared workspaces offering you a work desk and WiFi connection while encouraging the growth of innovation,...
RBA on Hold, But Hawkish Amongst Market Whiplash
The RBA left rates on hold in August as we expected, but their rhetoric and view of aggregate demand were surprisingly hawkish. Given the Board apparently does not see its way to cutting rates this year, our expectation of a November rate cut is unlikely to be...
FlowBank bankruptcy weighs on CoinShares’ principal investments performance in Q2 2024
CoinShares International Limited, a European investment company specialising in digital assets, has today published its results for the quarter ending June 30, 2024. Principal Investments generated a loss of £24.8 million (Q2 2023: £0.2 million loss) in the second...
Judge orders DOJ to return QAnon shaman Jacob Chansley spear, helmet
Jacob Chansley, also known as the "QAnon Shaman," screams "Freedom" inside the U.S. Senate chamber after the U.S. Capitol was breached by a mob during a joint session of Congress on January 6, 2021 in Washington, DC.Win Mcnamee | Getty Images News | Getty Images"QAnon...
Sensex crashes 2,223 points; 2nd biggest M-cap loss ever, BFSI News, ET BFSI
MUMBAI: A global market sell-off, triggered by weak employment data in US and fears of large speculative losses in the forex market due to a strengthening Japanese yen, also swept Dalal Street, sending investors into a panic-selling mode on Monday and pulling down the...
Advancing AI Governance: Insights from the BGI-24 Event
Darius Baruo Aug 06, 2024 05:45 Explore the discussions on AI and AGI governance from the recent BGI-24 event, highlighting diverse perspectives and collaborative efforts. The recent BGI-24 event in Panama City...
UK PMI construction jumps to 55.3, paused projects released
UK PMI Construction rose from 52.2 to 55.3 in June, highest reading since May 2022. S&P Global noted that activity rose amid much faster increase in new orders. Employment increased for the third month running. Emerging pressure on supply chains signaled. Andrew...
India will lower rates by 100 bps by March 2026, Bank of America official says, ET BFSI
India's central bank could cut interest rates by 100 basis points in a monetary easing cycle that is likely to start in December as inflation eases towards its 4% target, a fixed income official at Bank of America, India said. "Once inflation reaches 4%, and based on...
Exclusive: CME Group’s head of eFix Matching Kyle Jannece departs
FNG Exclusive… FNG has learned that longtime London based CME Group executive Kyle Jannece is leaving the company. Kyle Jannece has served as Head of Mid-Matching for CME Group since 2018, managing CME’s Mid-Matching products (Cash Markets Division), which includes...
U.S. personnel wounded in attack against base in Iraq, officials say
Al Asad airbase in Iraq. A rocket attack at an Iraqi military base injured US personnel, officials say on Aug. 6th, 2024Source: Google EarthAt least five U.S. personnel were injured in an attack against a military base in Iraq on Monday, U.S. officials told Reuters,...
DBS Bank India launches exclusive banking program for senior citizens, ET BFSI
DBS Bank India has launched "DBS Golden Circle," a priority banking program for senior citizens. The program, designed for resident Indian citizens aged 60 and above, offers exclusive benefits and services, including attractive interest rates on savings accounts and...
Bridging the Gap: Integrating Layer 2 Solutions with Existing Ethereum Smart Contracts
Integrating Layer 2 Solutions with Existing Ethereum Smart ContractsEthereum smart contract developers are all too familiar with the pain points of high gas fees and slow transaction times. As the network grows in popularity, these issues have become increasingly...
Eurozone retail sales falls -0.3% mom in June, EU down -0.1% mom
Eurozone retail sales volume fell -0.3% mom in June, worse than expectation of -0.2% mom. Retail trade decreased for food, drinks, tobacco by -0.7%, and for non-food products (except automotive fuel) by – 0.1%. Retail trade increased increased for automotive fuel in...
AssemblyAI Enhances Zapier Integration with New Features
Rongchai Wang Aug 06, 2024 06:26 AssemblyAI launches an enhanced version of its Zapier app, introducing new transcription options, events, and improved integration. The enhanced AssemblyAI app for Zapier is now...
Nirmala Sitharaman to move Finance Bill for consideration and passing in Lok Sabha, ET BFSI
Finance Minister Nirmala Sitharaman on Tuesday will propose in the Lok Sabha that Finance Bill for the financial year 2024-2025, be taken into consideration and passing, as per Lok Sabha's agenda for the day.The Finance Bill needs to be approved by both houses of the...
Robinhood cancels 24 hour trading Monday-Tuesday
In the wake of the equity (and crypto) market meltdown on Monday, leading US neobroker Robinhood (NASDAQ:HOOD) has announced that its Robinhood 24-hour overnight trading facility would not be available from Monday (August 5) into Tuesday (August 6). Monday saw a more...
Investors to gain 122%; check SGB redemption price, ET BFSI
The Reserve Bank of India (RBI) has announced that August 5, 2024 shall be the final redemption date for SGB 2016-17 Series I tranche. As per a press release issued by the RBI on August 2, 2024, this SGB completes eight years from its date of issuance and is...
NZD/USD Sees Recovery After Hitting Nine-Month Low
The NZD/USD pair has shown signs of recovery, reaching 0.5941 after initially plunging to a nine-month low. This downturn was triggered by concerns over a potential US recession, driven by weak job sector data, which rattled global financial markets. As risk aversion...
Trump campaign lawyer Jenna Ellis cooperating in Arizona election case
Jenna Ellis, right, and Sydney Powell, attorneys for President Donald Trump, conduct a news conference at the Republican National Committee on lawsuits regarding the outcome of the 2020 presidential election on Thursday, November 19, 2020.Tom Williams | CQ-Roll Call,...
Market Volatility Persists, Aussie Steady with RBA’s Intricate Inflation Forecast
The financial markets continued to see extreme volatility. DOW dropped by over -1000 points overnight, but the global rout seems to have paused for now. Nikkei staged a dramatic 10% rebound in early trading after yesterday’s history plunge of -12.4%. However, this...
Streamline Video Subtitles with AssemblyAI and Zapier Integration
James Ding Aug 06, 2024 06:56 Learn how to generate subtitles for videos using AssemblyAI and Zapier. Follow a step-by-step guide to transcribe videos and upload subtitles to Google Drive. AssemblyAI, a leading...
IG stops accepting PayPal payments in the UK
Electronic trading major IG no longer supports PayPal as a payment option, according to IG’s Community forum. An IG representative has confirmed that PayPal payment options will no longer be available with the broker in the UK. “This decision follows discussions with...
Binance to Implement Major API Updates in September 2024
Darius Baruo Aug 06, 2024 07:32 Binance announces significant updates to its API, including Request Weight Adjustments and WebSocket User Data Requests, effective from September 3, 2024. Binance, one of the...
JioFinance goes international, enables app payments in this global tourist destination, ET BFSI
Jio Financial Services has announced the entry of the JioFinance app in the French capital, Paris. "To make it convenient for Indian travellers to transact digitally, JioFinance will enable international payments for buying tickets to visit the Eiffel Tower through...
RBI’s new rules to keep your transactions secure, ET BFSI
The Reserve Bank of India (RBI) has proposed a new Framework on Alternative Authentication Mechanisms for Digital Payment Transactions to enhance the security of online payments. This move underscores the central bank's commitment to safeguarding digital payments,...
You can still pay lower or zero TDS with this certificate, ET BFSI
In Budget 2024, it was announced that starting from October 1, 2024, tax deducted at source (TDS) will be deducted at a 10% rate from specified central and state government bonds, including floating rate bonds."In the Union Budget 2024, the Government has proposed a...
FX option expiries for 6 August 10am New York cut
There aren't any major expiries to take note of on the day. For now, trading sentiment will continue to ride on the emotions and so far today it is one mostly of relief. The global market selloff has abated, at least for the time being, but sentiment is still very...
OpenAI co-founder John Schulman says he will join rival Anthropic
The ChatGPT chat screen on a smartphone arranged in the Brooklyn borough of New York, US, on Thursday, March 9, 2023. ChatGPT has made writing computer code and cheating on homework easier. Soon, it could make email scams a cinch. That's the warning from Darktrace...
Bangladesh PM Sheikh Hasina flees, interim government to be formed
Prime Minister Sheikh Hasina addresses the media at a vandalized metro station in Mirpur, after the anti-quota protests.- | Afp | Getty ImagesBangladesh Prime Minister Sheikh Hasina resigned and fled the country on Monday after hundreds of people were killed in a...
Core Member of Ramp-and-Dump Syndicate Arrested in Hong Kong
Jessie A Ellis Aug 05, 2024 11:26 Hong Kong authorities have arrested a key member of a notorious ramp-and-dump syndicate, as reported by the SFC. In a significant development, Hong Kong authorities have...
Eurozone Sentix falls to -13.8, ECB under pressure to cut further and faster
Eurozone Sentix Investor Confidence fell sharply from -7.3 to -13.8 in August, marking its lowest level since January. Current Situation Index dropped from -15.8 to -19.0, the lowest since February, while Expectations Index declined from 1.5 to -8.8, the lowest since...
Google loses antitrust case over search
CEO of Alphabet and Google Sundar Pichai meets Polish Prime Minister at the Chancellery in Warsaw, Poland on March 29, 2022.Mateusz Wlodarczyk | Nurphoto | Getty ImagesA federal U.S. judge ruled Monday that Google has illegally held a monopoly in two market areas:...
Trump blames Harris, Biden for stock market meltdown
Republican presidential nominee Donald Trump on Monday blamed Vice President Kamala Harris for the stock market's dramatic plunge, months after claiming he deserved credit for the market's then-record upswing."Of course there is a massive market downturn. Kamala is...
Crypto Market Movers: 5 Altcoins Making Waves This Bull Run
As the crypto market heats up in this exciting bull run, five standout altcoins are making significant waves and capturing the attention of savvy investors. ETFSwap (ETFS), Sei (SEI), Pepe (PEPE), Bonk (BONK), and Sui (SUI) are not just riding the bullish momentum but...
Eurozone PPI at 0.5% mom, -3.2% yoy in Jun
Eurozone PPI rose 0.5% mom in June, but down -3.2% yoy, comparing to expectation of 0.3% mom, -3.2% yoy. For the month. Industrial producer prices increased by 0.1% for intermediate goods,1.6% for energy, 0.1% for capital goods, and 0.1% for non-durable consumer...
Banks may offer small loans on UPI against FDs, BFSI News, ET BFSI
Private banks are likely to target new-to-bank customers for credit on UPI against fixed deposits as collateral. Although the National Payments Corporation of India (NPCI) is yet to launch credit-line-on-UPI service, banks have begun working on their...
Hong Kong Monetary Authority Publishes Conclusions on Three-Tier Banking System Review
Ted Hisokawa Aug 05, 2024 12:37 The Hong Kong Monetary Authority (HKMA) has released the conclusions of its public consultation on the three-tier banking system, proposing a transition to a two-tier system. The...
CFI expands to Azerbaijan acquiring AzFinance
CFI, a global leader in online trading, has announced its entry into Azerbaijan through the acquisition of AzFinance İnveŞtisiya Şirkəti (AzFinance Investment Company). This milestone positions CFI as the first international company to establish a local presence in...
Aussie Slides on Fears Over the US Economy
The Australian dollar has taken a nasty spill to start off the trading week. AUD/USD dropped as much has 2.5% in the Asian session and fell to its lowest levels since November 2023. The Aussie has pared those losses and is down 0.96% at the time of writing, trading at...
Elon Musk PAC eyed as it supports Trump election
The North Carolina Attorney General's Office said Monday that it is eyeing a political action committee created by billionaire Elon Musk following a complaint to the state election board over the PAC's collection of personal data while failing to help users register...
Deposit crunch forces banks to raise rates, BFSI News, ET BFSI
MUMBAI: Even as analysts are forecasting the monetary policy committee meeting this week to vote for another pause with a rate cut pushed to December, banks have been selectively raising deposits and lending rates.According to SBI chairman Dinesh Khara, markets can no...
Trump’s tech backers are wrong
Michael Moritz, Sequoia CapitalScott Mlyn | CNBCAs leading tech investors continue to vocally take sides ahead of the 2024 presidential election, legendary venture capitalist Michael Moritz is making his preference clear.In a Financial Times opinion piece published on...
Nikkei 225 Index Has Plummeted to a Nine-Month Low
As shown by the Nikkei 225 (Japan 225 on FXOpen) chart: → In less than a month, the index price has dropped by more than 25%, providing grounds to suggest the start of a bear market; → The price has approached the psychological level of 30,000 points – the last time...
Ethereum ETF Launch Sparks Significant Market Interest, But Trails Bitcoin ETFs
Lawrence Jengar Aug 05, 2024 15:35 The launch of Ethereum ETFs marks a milestone in integrating digital assets with traditional finance, drawing interest from financial giants like BlackRock and Fidelity. The...
NFA permanently prohibits East West Global from membership
The US National Futures Association (NFA) has permanently prohibited East West Global LLC, a former NFA Member commodity pool operator located in Glencoe, Ill., from reapplying for membership and from acting or being listed as a principal of an NFA Member. NFA has...
Bitcoin Faces Significant Decline Amid Economic Turmoil
James Ding Aug 05, 2024 15:58 Bitcoin (BTC) drops 11% over the past week, hitting a low of $49,130 amid broader economic instability and market turmoil. Bitcoin (BTC) has experienced a significant price decline,...
Banks’ profits healthy, but margins may shrink and deposits could disappoint, ET BFSI
Mumbai: Banks saw an increase in stress in unsecured retail, micro finance and some rural advances as seasonal impact of the heatwave, election season slowdown and higher risk weights led to increase in slippages during the first quarter. However, analysts do not...
JPMorgan Chase opens more small-town branches in middle America
Three years ago, JPMorgan Chase became the first bank with a branch in all 48 contiguous states. Now, the firm is expanding, with the aim of reaching more Americans in smaller cities and towns. JPMorgan recently announced a new goal within its multibillion-dollar...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0820; (P) 1.0873; (R1) 1.0965; More….. EUR/USD’s strong break of 1.0947 resistance confirms resumption of the rise from 1.0665. Intraday bias remains on the upside for 100% projection of 1.0665 to 1.0947 from 1.0776 at 1.1056 next. On the...
World Bank B-Ready index groundwork kicks off, ET BFSI
India has begun the groundwork for the Business-Ready or B-Ready index, the World Bank's new flagship report benchmarking the business environment and investment climate in economies worldwide. B-Ready is replacing the World Bank's Doing Business index that ranked...
CME Group marks record Live Cattle options OI
International derivatives marketplace CME Group today announced that its Live Cattle options reached all-time record open interest of 410,120 contracts on August 1, 2024. The new record surpassed the previous record of 399,626 set on July 31, 2014. “With demand high...
Circle to Cease USDC Support on Flow Blockchain Amid Network Upgrade
Jessie A Ellis Aug 05, 2024 16:39 Circle announces the discontinuation of USDC support on the Flow blockchain due to an upcoming network upgrade, effective September 3, 2024. Circle has announced that it will...
Elon Musk’s X AI shared false election information after Biden dropped out: Officials
Muhammed Selim Korkutata | Anadolu | Getty ImagesFive secretaries of state on Monday urged Elon Musk to fix his social media platform X's artificial intelligence search assistant after it allegedly shared false information about the 2024 presidential election.The...
IDBI Bank sells distressed Rs 6151 cr portfolio to Omkara ARC, ET BFSI
IDBI Bank is selling its Rs 6,151 crore legacy stressed asset portfolio to Omkara Asset Reconstruction Company (ARC) in a move that will help the government fetch an improved valuation for the proposed stake sale in the lender, people with knowledge of the matter told...
Stock climbs on reports of Mars interest
Signage for Kellanova (K) outside the New York Stock Exchange (NYSE) on September 05, 2023 in New York City.APShares of Kellanova climbed 13% in morning trading Monday on reports of buyout interest. M&M's owner Mars is in talks to acquire the snacking company,...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2729; (P) 1.2784; (R1) 1.2861; More… Range trading continues in GBP/USD and intraday bias stays neutral for the moment. Further decline is in favor with 1.2863 resistance intact. On the downside, below 1.2706 will target 1.2612 support first....
Key Factors Boosting JPY :: InvestMacro
By RoboForex Analytical DepartmentThe Japanese yen continues its recovery rally. The USDJPY pair falls to 143.38 on Monday.This development is likely only the midpoint of the process as the market regains past losses and brings the JPY to equilibrium. USDJPY is...
Go First creditors vote to liquidate airline, ET BFSI
Mumbai: Creditors to Go First Airlines have unanimously voted to liquidate the carrier after almost a year of trying to find a buyer for the Wadia group-promoted company.A liquidation plea has been e-filed with the Delhi National Company Law Tribunal (NCLT) on Sunday...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8523; (P) 0.8631; (R1) 0.8689; More… Intraday bias in USD/CHF remains on the downside at this point. Current fall from 0.9223 should target a retest on 0.8332 low. On the upside, above 0.8594 minor resistance will turn intraday bias neutral and...
Utkarsh Small Bank Q1 net surges 28%, BFSI News, ET BFSI
Kolkata: Utkarsh Small Finance Bank's net profit for the June quarter rose 28% at ₹137 crore against ₹107 crore in the year ago period backed by healthy core income growth. This rise in profit was despite higher provisions and contingencies of ₹125 crore against ₹77...
How Much Does Blockchain Development Cost in 2024
Blockchain Development Cost in 2024The blockchain industry is on a tear. The global blockchain technology market size is estimated to increase from $19.7 billion in 2024 to a staggering $2450.4 billion by the end of 2034. This reflects a phenomenal CAGR of 62% between...
Riot Platforms Reports 370 Bitcoin Production in July 2024 and Kentucky Expansion
Rebeca Moen Aug 05, 2024 12:54 Riot Platforms announces a 45% increase in Bitcoin production and its expansion into Kentucky, enhancing its mining capacity. Riot Platforms, Inc. (NASDAQ: RIOT), a leader in...
Exclusive: Robinhood hires David Schwed to head brokerage information security
FNG Exclusive… With the issue of cyber security – and specifically the security of client information at financial institutions – becoming ever more important, FNG has learned that leading US neobroker Robinhood (NASDAQ:HOOD) has gone outside the organization to hire...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 145.40; (P) 147.59; (R1) 148.76; More… Intraday bias in USD/JPY remains on the downside for the moment. Current fall from 161.94 should target 140.25 support next. On the upside, above 146.40 minor resistance will turn intraday bias neutral and...
Bitcoin bounces 10% in a sign of improving risk mood
Bitcoin dailyBitcoin is now up 10% from the intraday low of $49,445 just a few hours ago.On Friday, just after the equity close bitcoin slumped in a sign of what was to come in broader markets. This bounce could be a reversal of that, though it's still a bruising...
How Union Budget’s capital gains tax changes may play out, BFSI News, ET BFSI
The Union Budget 2024-25 has significantly revamped the capital gains tax framework, introducing measures that could impact homeowners and investors in varied ways. Among the most notable changes is the removal of the indexation benefit on the sale of property,...
Delhi High Court assigns special CBI court to speed up trial in biggest bank fraud, ET BFSI
New Delhi: The Delhi High Court has designated a special CBI Court to expedite the trial of India's biggest bank fraud. The Central Bureau of Investigation (CBI) has charged Dheeraj Wadhawan, Kapil Wadhawan-promoters of embattled Dewan Housing Finance Ltd (DHFL)-and...
Govt offers tech aid to account aggregators as they targeted by fraudsters, ET BFSI
From digital lending startups to payment companies, cyber criminals are targeting almost every facet of the fintech industry to gain access to critical customer data.Non-banking finance companies - account aggregators (NBFC-AAs), which has just started to take off,...
US ISM services rises to 51.4, corresponds to 0.8% annualized GDP growth
US ISM Services PMI rose from 48.8 to 51.4 in July, matched expectations. Looking at some details, business activity/production rose from 49.6 to 54.5. New orders rose from 47.3 to 52.4. Employment jumped from 46.1 to 51.1. Prices rose from 56.3 to 57.0. ISM said:...
Why are Stock, FX, Crypto markets falling? :: InvestMacro
By ForexTime Risk assets (global stocks, cryptos, etc.) plummetingHigher US unemployment rate fuelling US recession fearsMarkets fear Fed may be too late to fend off recessionSafe havens JPY, CHF rising against all G10 peersVolatile markets present trading...
Cornell Lecturer Develops AI-Powered Teaching Assistant to Revolutionize Education
Rebeca Moen Aug 05, 2024 14:20 Cornell lecturer Lutz Finger introduces S.A.I., an innovative AI teaching assistant, to make AI education more engaging and accessible. Cornell University lecturer Lutz Finger has...
Market rout punishes mega-cap tech
Traders work on the floor of the New York Stock Exchange during morning trading on July 31, 2024.Michael M. Santiago | Getty ImagesAs U.S. markets opened for trading on Monday, tech's mega-cap companies lost about $1 trillion in market cap, deepening a downturn that...
How Rs 60,000 cr losses from F&O give banks hope for a savings revival, ET BFSI
Rs 60,000 crore losses, Sebi crackdown, and a hope for banksAs India shifts its investing habits, the allure of high-risk, high-return options is strong. However, this isn't for everyone, as Indian households are losing about Rs 60,000 crore in derivatives trades in a...
Fed’s Goolsbee: Jobs data weak, but recession not imminent
Chicago Federal Reserve President Austan Goolsbee addressed the recent economic concerns in an interview with CNBC, noting that last Friday’s jobs numbers were “weaker than expected” but not yet indicative of a recession. He emphasized the Fed’s commitment to its core...
Revolving Games and Animoca Brands Collaborate to Develop Scalable Node Network
Iris Coleman Aug 05, 2024 13:56 Revolving Games partners with Animoca Brands to create a scalable Web3 gaming ecosystem leveraging decentralized infrastructure and the RCADE token. Revolving Games (RG), a...
Taxman widens horizons of realty checks on HNIs, BFSI News, ET BFSI
Mumbai: After foreign bank accounts, stock holdings and trusts in tax havens, it's the turn of offshore property deals of wealthy Indians to come under the taxman's lens.At least half a dozen resident Indians were, last week, confounded by summons from the Income Tax...
TradingView adds Session volume profile to lineup of chart types
TradingView has added a new type of chart to help its users better understand the dynamics of trading volume — Session volume profile. Session volume profile (SVP) calculates volume data within a specified session or sub-session, allowing traders to analyze the...
AUD/USD Technical: Dropped Towards 0.6360 Key Range Support Ahead of RBA
AUD/USD has been the worst performer among the major currencies in the past 4 weeks due to a double whammy slow-down growth effect from the US and China. RBA’s “hawkish hold” monetary policy stance on Tuesday may offer a relief for the AUD/USD. The recent 6.6% decline...
Leveraging On-Chain Data to Boost Player Engagement in Web3 Gaming
Felix Pinkston Aug 05, 2024 13:15 Discover how web3 gaming platforms are using on-chain data to attract and retain players, ensuring transparency and enhancing user experience. Web3 gaming has seen rapid growth...
Permitted and prohibited items, bank responsibilities, and locker operations, ET BFSI
Bank lockers provide a secure way to store valuable items, but there are specific guidelines on what can and cannot be kept inside them. The bank is responsible for losses due to its own negligence or fraudulent actions, with compensation up to one hundred times the...
The US dollar fell to a 12-year low. Bitcoin lost 10% of its value during the day :: InvestMacro
By JustMarketsAt the end of Friday, the Dow Jones Index (US30) fell by 1.51% (for the week -2.28%), and the S&P 500 Index (US500) lost 1.84% (for the week -2.37%). The NASDAQ Technology Index (US100) closed negative 2.43% (for the week -3.83%). On Friday, the US...
Deloitte, BFSI News, ET BFSI
Representative imageNew Delhi: India's economy is expected to grow at 7-7.2 per cent in the current fiscal year driven by robust economic fundamentals and continuity in domestic policy reforms, Deloitte India said on Monday. The August update of Deloitte's India...
Global Markets Crashing: Nikkei’s Historic 12.4% Plunge, DOW Futures Down 1100 Points
Global stock markets are in crash mode today, beginning with the massive historic -12.4% decline in Nikkei. Major European indexes are also trading deeply in the red, with losses around -3%, though these are overshadowed by the severe drop in Japan. Concurrently, DOW...
BookMyForex launches zero fee remittance & bundled deals for international students, ET BFSI
BookMyForex, India’s leading online retail foreign exchange platform has announced the launch of the “BookMyForex Student Offer,” designed specifically for Indian students embarking on their studies abroad this academic term. This exclusive offer includes zero-fee...
RBI proposes draft guidelines for Credit Risk Models, BFSI News, ET BFSI
New norms for governance, development, and validation of credit risk models of regulated entitiesThe Reserve Bank of India on Monday introduced draft regulations aimed at enhancing the governance, development, and validation of credit risk models used by regulated...
Elon Musk revives lawsuit against OpenAI, Sam Altman in federal court
In this photo illustration, the logo of 'OpenAI' is displayed on a mobile phone screen in front of a computer screen displaying the photographs of Elon Musk and Sam Altman in Ankara, Turkiye on March 14, 2024.Muhammed Selim Korkutata | Anadolu | Getty ImagesElon Musk...
Tether (USDT) and Xion Global Partner to Boost Blockchain Education in South Africa
James Ding Aug 05, 2024 12:18 Tether and Xion Global have announced a strategic partnership to enhance blockchain education in South Africa, aiming to improve digital transaction capabilities. Tether Operations...
EUR/USD Analysis: The Rate Has Risen to a Nearly 5-Month High
As shown by today’s EUR/USD chart, the rate rose this morning to 1.096 – its highest level since mid-March. On one hand, this was driven by the weakness of the dollar. The USD fell sharply against other currencies following the release of labour market news on Friday...
Nuvei to acquire Pay2All – FX News Group
Canadian fintech company Nuvei Corporation (TSX:NVEI) today announces that it has entered into a definitive agreement to acquire Pay2All Instituição de Pagamento Ltda., a licensed Payment Institution authorized by the Central Bank of Brazil. This strategic milestone...
MF, retail investors’ share in NSE stocks surges to all-time high, FII-DII gap smallest ever: Primeinfobase, ET BFSI
The share of domestic Mutual Funds (MFs) in companies listed on NSE rose to yet another all-time high of 9.17% QoQ as on June 30, 2024, from 8.93%, powered by strong net inflows of Rs 1.09 lakh crore during the quarter, according to data compiled by primeinfobase.The...
Leading NBFC Muthoot Capital Bags Rs.100 Crore Impact Funding for Electric Vehicle Portfolio, ET BFSI
Kochi, Kerala, India - Business Wire India Muthoot Capital Services Limited (MCSL), one of India's fastest-growing NBFCs and a publicly traded entity of 137-year-old business conglomerate Muthoot Pappachan Group announces its partnership with UK-based Development...
EUR/GBP: Overbought Conditions Warn of Correction of Steep Three-Day Rally
EUR/GBP – strong three day rally (the cross was up 2.1%) started to lose traction after hitting fresh high of nearly three months on Monday (0.8596). Overbought daily studies warn of partial profit taking following steep ascend, which will mark positioning for fresh...
SoftBank shares tank near 19% wiping off $4.6 billion from Son’s fortune
Masayoshi Son, CEO of SoftBank, speaks during the company's annual general meeting in Tokyo on June 20, 2024.Kosuke Okahara | Bloomberg | Getty ImagesSoftBank Group shares tanked nearly 19% on Monday amid a global sell-off, wiping off billions of dollars from founder...
Exclusive: Taurex hires MultiBank alum James Watts as Commercial Director
FNG Exclusive… FNG has learned that Retail FX and CFDs broker Taurex has hired experienced FX industry executive James Watts, as the company’s new Commercial Director in Dubai. James Watts was previously Head of International Sales for MultiBank (2019-2021), Head of...
Binance Offers Zero Maker Fee for VIP 6-8 Users on USDⓢ-Margined Futures
Peter Zhang Aug 05, 2024 11:52 Binance announces a limited-time zero maker fee promotion for VIP 6-8 users on USDⓢ-margined futures, effective from August 7 to October 16, 2024. Binance, a leading cryptocurrency...
Rapid Yen Appreciation: Key Factors Boosting JPY
The Japanese yen continues its recovery rally. The USDJPY pair falls to 143.38 on Monday. This development is likely only the midpoint of the process as the market regains past losses and brings the JPY to equilibrium. USDJPY is currently at its lowest level since 3...
Why unwinding of Yen carry trades can rattle global financial markets, ET BFSI
The so-called Yen carry trade has been in focus in the past few trading sessions in the wake of the selloff in shares of US technology giants. A look at what is Yen carry trade and what it means for the financial markets worldwide:What is a Carry Trade?A carry trade...
Public sector banks’ NPAs on Mudra loans fall to 3.4 pc in 2023-24: Sitharaman, ET BFSI
Public sector banks' non-performing assets associated with the Mudra loan category have declined to 3.4 per cent in the 2023-24 fiscal, Finance Minister Nirmala Sitharaman said on Monday. This marks an improvement from 4.77 per cent in 2020-21, 4.89 per cent in...
Best Crypto Mixers of 2024
People who want to use cryptocurrencies such as Bitcoin have the impression that they are completely anonymous. However, it only appears that cryptocurrencies offer anonymous transactions. For example, you don’t have to provide your personal information to use Bitcoin...
SBI Research warns of prolonged war for deposits, impacting on policy transmission, ET BFSI
The State Bank of India's economic research team has said that the ongoing competition for deposits could extend, potentially leading to a paradox of higher deposit rates even amidst impending rate cuts. This scenario, according to the team, arises from the...
Short extension granted for Hargreaves Lansdown offer by CVC, Nordic Capital, SCSP
Hargreaves Lansdown plc (LON:HL) today provided an update on its discussions with CVC Advisers Limited, Nordic Capital XI Delta, SCSP, and Platinum Ivy B 2018 RSC Limited. On 19 July 2024, the independent Board of Hargreaves Lansdown announced that the consortium was...
Binance P2P Expands Trading Pairs with African Fiat Currencies
Alvin Lang Aug 05, 2024 10:32 Binance P2P now supports trading pairs for Solana, TRON, USD Coin, Worldcoin, and Ripple against various African fiat currencies. Binance P2P has announced the addition of new...
Global Stock Rout as Nasdaq 100 Futures Falls 6%, Safe Havens Bid
Global markets extend losses, Nikkei plummets, Nasdaq 100 enters correction territory. Selloff attributed to recession fears, profit-taking, and geopolitical tensions. Goldman Sachs raises recession odds, Australian government increases terrorism threat level. Nasdaq...
Avoid aggressive bets as markets may see volatility spike, ET BFSI
Technical analysts advise avoiding aggressive bets until global market conditions stabilise. If Nifty stays below 24,800 and VIX remains above 14.5%, a correction is likely, with key support at 24,540 and 24,210. Stocks like Nykaa, HDFC Bank, Sun Pharma, TCS, GAIL,...
Binance Delays Spot and Margin Trading System Upgrade
Caroline Bishop Aug 05, 2024 10:48 Binance announces the postponement of its Spot and Margin Trading System Upgrade originally scheduled for August 6, 2024. Binance, a leading cryptocurrency exchange, has...
RBI unlikely to cut repo rate on August 8 monetary policy: Experts, ET BFSI
New Delhi [India], August 5 (ANI): The Reserve Bank of India (RBI) is unlikely to change the repo rate, say experts. The three-day monetary policy committee (MPC) meeting to decide on policy rates begins tomorrow, August 6.The RBI's repo rate, currently at 6.5 per...
Nifty fear gauge India VIX jumps over 60%, biggest surge since 2015, ET BFSI
The India Volatility Index (VIX) spiked over 60% on Monday, marking its largest increase since 2015 and reflecting the intensifying market sell-off in line with global trends.The India VIX has crossed levels of 23 with a significant jump of 61.7% on Monday.Indian...
Crypto Investors Have Lost Their Nerve
Market picture The cryptocurrency market was hit by a sell-off over the weekend, the likes of which haven’t been seen in a long time. We would not have been surprised to see such a sell-off before the halving due to the last takeout of buyers before the start of...
FCA cancels OSIRIS Capital Partners’ permission to carry on regulated activities
The UK Financial Conduct Authority (FCA) has decided to cancel the Part 4A permission of OSIRIS Capital Partners LLP. The effect of the cancellation is that the firm no longer has permission to carry on any regulated activities. The firm was authorised by the...
Ford turns fleet business into profit driver. GM, Stellantis want in
2023 Ford Super Duty F-350 LimitedFordDETROIT — A once "dirty" word, and business, in the automotive industry has become a multibillion-dollar battleground for U.S. automakers, led by Ford Motor.The Dearborn, Michigan-based automaker has turned its fleet business,...
Bitcoin briefly drops below $50,000 for the first time since February
Bitcoin fell sharply after a sell-off of major U.S. stock indices. Bitcoin has been correlated closely to the price movement of the Nasdaq index.Luke MacGregor | Bloomberg | Getty ImagesCryptocurrencies tumbled amid a global market sell-off spurred by recession...
Banks, NBFCs are bound to adopt a restructuring process for MSMEs without following 2015 framework: SC, ET BFSI
The Supreme Court has held that the banks and Non-Banking Financial Companies (NBFCs) are bound to adopt a restructuring process for Micro, Small and Medium Enterprises (MSMEs) on their own without there being any application by the latter, as directed by the Central...
USD/JPY: Falls to Eight-Month Low, Eyes Key 140.00 Support Zone
USDJPY fell sharply overnight, hitting the lowest since early January, extending steep bear-leg off 155.21 lower top into fifth consecutive day. The pair was down 3.3% in Asian session on Monday, remaining under increased pressure after downbeat US NFP data further...
OANDA Japan to introduce OI market capitalization limit
OANDA Japan Inc, a subsidiary of online broker OANDA Corporation, will introduce open interest market capitalization limit. The change will be implemented at the start of trading on Monday, August 12, 2024. For the NY Server, the total value of all subaccounts will be...
Hong Kong Monetary Authority Announces Tender of 1-Year HONIA-Indexed Floating Rate Notes
Rongchai Wang Aug 05, 2024 09:57 The HKMA will hold a tender for 1-year HONIA-indexed Floating Rate Notes on August 14, 2024, under the Institutional Bond Issuance Programme. The Hong Kong Monetary Authority...
Indian rupee is worst Asian currency in U-turn as yuan carry trades unwind, ET BFSI
By Jaspreet Kalra and Nimesh VoraMUMBAI, - The Indian rupee is now the worst-performing Asian currency -- a U-turn from being the leader in the first half of the year -- pressured by the unwinding of trades that used the Chinese yuan to fund long bets on the local...
Top central banks differ on rates, ET BFSI
Three of the world’s largest central banks took different approaches to interest rates this week as a long-awaited, but potentially short-lived, divergence in monetary policies deepens.The Bank of Japan kicked off the action on Wednesday by unexpectedly hiking before...
Could Data Open the Door to RBNZ Cut Next Week?
Market in crisis mode after Friday’s US labour report An RNBZ rate cut could be on the cards if data weakens China’s problems hamper progress in the region Kiwi in desperate need of good data prints Markets in disarray With the market digesting last week’s events,...
Dinesh Kumar Khara, ET BFSI
Dinesh Kumar Khara, Chairman, SBI, says the bank has to balance the interests of multiple stakeholders and the shareholders are very important stakeholders. The bank has to create value for them and that is the reason SBI always wants to grow but not at the cost of...
Binance Pay to cease support for Pay ID
As Binance conducts regular reviews of its product offerings, Binance Pay will gradually cease support for Pay ID from 2024-08-06 (UTC). Sending and receiving crypto via Binance ID, email, or phone is not impacted. Users are encouraged to start switching to these...
Google, Amazon, Walmart seek to join Indian cenbank’s digital currency project, sources say, ET BFSI
By Jaspreet KalraMUMBAI - GooglePay, Walmart-backed PhonePe and AmazonPay are among five payment firms seeking to join the Indian central bank's digital currency pilot by offering transactions via the e-rupee, three sources directly involved in the discussions said....
Gold Rally in Question – Action Forex
Gold is lower today, but close to recent highs Geopolitics and dollar underperformance support gold Momentum indicators are tentatively bullish Gold is trading lower again today, recording its third consecutive red candle, but remaining a tad below its recent all-time...
India’s BFSI sector to see significant employment surge in H1 FY25: TeamLease, ET BFSI
India's BFSI (Banking, Financial Services, and Insurance) sector is poised for a significant increase in net employment in the first half of FY25, according to a report by staffing firm TeamLease Services. The banking sector is expected to lead this growth, with a...
DIIs close in on FIIs in high-stakes battle, BFSI News, ET BFSI
The gap between foreign institutional investors (FIIs) and domestic institutional investors (DIIs) in corporate ownership in India shrank to a record low of 115 basis points in the April-June quarter, according to data from primeinfobase.com.A basis point is a...
RBI’s MPC unlikely to announce a change in repo rate, according to an ET poll, ET BFSI
The Reserve Bank of India (RBI) is likely to keep interest rates unchanged this week as high food prices prevent any tilt toward softer policy, but easing core inflation and a global turn toward lower borrowing costs could make a case for the central bank to shift to...
IG warns of option markets not pricing
Electronic trading major IG has notified its clients of option markets not pricing in the real world. Responding to a trader’s question in the Community forum, an IG representative stated: “Please note that global option markets are currently not pricing in the real...
Eurozone PMI composite finalized at 50.2, growing at snail’s pace
Eurozone PMI Services was finalized at 51.9 in July, down from June’s 52.8, a 4-month low. PMI Composite was finalized at 50.2, down from June’s 50.9, a 5-month low. These figures indicate a slowing economy as the services sector loses momentum and the industrial...
Binance Pool Introduces KASPA (KAS) Mining with Zero Fees
Alvin Lang Aug 05, 2024 03:39 Binance Pool has launched KASPA (KAS) mining service with zero pool fees during the promotion period from August 5 to November 5, 2024. Binance Pool has officially launched the...
Reliance Capital administrator accuses IIHL of non-compliance with NCLT order, ET BFSI
NEW DELHI: The administrator of Reliance Capital (RCAP) has accused IndusInd International Holdings Ltd (IIHL) of failing to comply with the National Company Law Tribunal (NCLT) order to deposit Rs 2,750 crore in designated escrow accounts. The allegations, presented...
Rising dissent & rains to test RBI’s status quo on key rates, BFSI News, ET BFSI
Mumbai: For the Monetary Policy Committee that is meeting this week, the most significant event since it last assembled in June is not the Federal Reserve Chair's commitment to cut interest rates that would guide global central banks, but the bountiful rains the...
Inflation to remain around 5 per cent this fiscal: SBI report, ET BFSI
New Delhi [India], August 5 (ANI): The Consumer Price Inflation in India is expected to remain around 5 per cent in the financial year 2024-25 except for September and October month, according to a research report by SBI.The report also noted that the inflation...
Crypto update – BTC hovering just over US$53K, ETH is just above US$2280
The global rout has hit crypto as well. ETH/USD is now just above where to was to begin 2024:ps. ETH above 2300 now as I post This article was written by Eamonn Sheridan at www.forexlive.com.
FX option expiries for 5 August 10am New York cut
There aren't any major expiries to take note of on the day. And in any case, this is a market currently driven by emotions more than anything else. As such, that matters more to price action rather than any specific levels on the charts. That especially if you're...
Crypto plunge wipes out $270 billion in value as bitcoin, ether plunge
Nurphoto | Nurphoto | Getty ImagesThe cryptocurrency market plummeted in value on Sunday, as investors continued selling out of risky assets.Led by a drop of 11% in bitcoin in the past 24 hours and a 21% plunge in ether, the overall value of cryptocurrencies sank by...
Elon Musk PAC investigated by Michigan secretary of state
Elon Musk, CEO of SpaceX and Tesla, applauds as Israeli Prime Minister Benjamin Netanyahu addresses a joint meeting of Congress at the U.S. Capitol in Washington, U.S., July 24, 2024. Craig Hudson | ReutersA political action committee backed by billionaire Elon Musk...
Market Rout Deepens Globally: Will ISM Services Provide Relief?
The global market turmoil showed no signs of easing as the week began, with Japanese stocks taking a severe hit during Asian session. Both the Nikkei 225 and Topix indices plunged by as much as nearly -10%, marking a -20% drop from their all-time highs on July 11....
Binance Pay to Phase Out Pay ID Support Starting August 2024
Tony Kim Aug 05, 2024 04:22 Binance Pay will begin phasing out support for Pay ID from August 6, 2024, focusing on enhancing user experience through other payment methods. In a recent announcement, Binance has...
Exness launches biggest-ever brand campaign “Born to Trade”
Exness, one of the world’s largest multi-asset brokers, has just announced the launch of its biggest global brand campaign, “Born to Trade”. Debuting on August 5, alongside a powerful video ad which speaks to its overall narrative, the campaign targets traders who...
Coffee, GBP, Gasoline, Cotton & CAD lead Bullish & Bearish 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 July 30th.This weekly Extreme Positions report highlights the Most Bullish and Most Bearish...
Exclusive: Cboe FX exec Rahul Bowry joins 360T to head APAC sales
FNG Exclusive… FNG has learned that institutional FX platform and services provider 360T has hired experienced FX industry executive Rahul Bowry, as the company’s new Head of Sales APAC. He will be based out of Singapore for his new role at 360T. Rahul Bowry joins...
Trump White House officials endorse Kamala Harris
US Vice President Kamala Harris speaks at a moderated conversation with former Trump administration national security official Olivia Troye and former Republican voter Amanda Stratton on July 17, 2024 in Kalamazoo, Michigan.Chris Dumond | Getty Images News | Getty...
Exclusive: Seeking Alpha VP Marketing Mayer Reich departs
FNG Exclusive… FNG has learned that Seeking Alpha’s Vice President of Marketing, Mayer Reich, has left the company. Mayer Reich joined Seeking Alpha last year, as was also exclusively reported at the time here at FNG, after spending the previous 16 years at RankAbove,...
NVIDIA and Zoox Propel Autonomous Ride-Hailing Innovations
Felix Pinkston Aug 01, 2024 07:00 NVIDIA and Zoox celebrate a decade of collaboration, showcasing advancements in autonomous ride-hailing with cutting-edge technology and simulation. NVIDIA and Zoox have marked...
Retiring Corvette ‘godfather’ on EVs, spinoff and a performance SUV
2025 Chevrolet Corvette ZR1 Coupe with ZTK Performance Package.DETROIT — Tadge Juechter's first "taste" of Corvette working at General Motors was to research whether there were enough Americans who could afford a new high-performance model of the famed sports car,...
CleanSpark (CLSK) to Discuss Q3 2024 Financial Results in Upcoming Webcast
Luisa Crawford Aug 01, 2024 08:34 CleanSpark Inc. (CLSK) will discuss its fiscal third quarter 2024 financial results via a live webcast on August 8, 2024. CleanSpark Inc. (Nasdaq: CLSK), a prominent Bitcoin...
Kudos sustainable diapers set to launch in Target stores
Kudos diapers founder Amrita Saigal with her daughterCourtesy: KudosThroughout modern history, parents have only had one real option when it comes to disposable diapers: plastic.The single-use products are typically made with fossil fuels like petroleum and can take...
Stellar (XLM) Development Foundation Reports Major Growth in Q2 2024
James Ding Aug 01, 2024 09:23 Stellar (XLM) Development Foundation's Q2 2024 report highlights significant growth in network addresses, asset tokenization, and Soroban smart contracts. The Stellar (XLM)...
Binance Pay Offers Up to 35 USDT in New Conversion Campaign
Felix Pinkston Aug 01, 2024 10:16 Binance Pay users can win up to 35 USDT by participating in a new conversion campaign running from August 1 to August 15, 2024. Binance, a leading cryptocurrency exchange, has...
Animoca Brands Partners with Lukka for Enterprise Data Management, Makes Strategic Investment
James Ding Aug 01, 2024 11:22 Animoca Brands selects Lukka for enterprise data management and receives a strategic investment from Animoca Capital. Animoca Brands has announced its selection of Lukka as its...
OKX Ventures and Aptos Foundation Introduce $10M Ecosystem Growth Fund
Timothy Morano Aug 01, 2024 12:11 OKX Ventures and Aptos Foundation have announced a $10M fund to support the growth of the Aptos ecosystem and Web3 adoption. OKX Ventures, the investment arm of leading crypto...
FX week in review: Capital.com MENA expansion, XTB results disappoint, Hantec brand refresh, IC Markets hires GM
What are Capital.com’s plans for expansion in the MENA region, out of its growing office in the UAE led by Tarik Chebib? What led to a significant decline in Revenues (-31%) and Profits (-47%) at XTB.com in Q2-2024? What are the top marketing mistakes made by brokers?...
Top 10 Charts Highlight Significant Trends in Crypto for H1 2024
James Ding Aug 01, 2024 14:53 Binance Research reveals key insights from H1 2024, showing a 44% rise in crypto market cap and notable performances from Bitcoin and Ether. The first half of 2024 has been a...
Biden voices hope Iran will stand down but is uncertain
U.S. President Joe Biden delivers remarks to commemorate the 60th anniversary of the signing of the Civil Rights Act at the LBJ Presidential Library in Austin, Texas, U.S., July 29, 2024. Elizabeth Frantz | ReutersU.S. President Joe Biden expressed hope Iran would...
Bitfarms (BITF) to Host Q2 2024 Conference Call on August 8
Timothy Morano Aug 01, 2024 15:19 Bitfarms Ltd. announces its Q2 2024 financial results and schedules a conference call for August 8, 2024, at 8:00 am EST. Bitfarms Ltd. (NASDAQ/TSX: BITF), a global vertically...
Essential Guide for Studios: Choosing the Right Blockchain for Web3 Games
Zach Anderson Aug 04, 2024 06:19 Discover how to choose the right blockchain for Web3 game development. Learn about gaming-focused platforms, security, scalability, and ecosystem support. The burgeoning field of...
Binance Schedules Brief System Upgrade for Spot and Margin Trading
Darius Baruo Aug 01, 2024 17:37 Binance announces a scheduled system upgrade for its Spot and Margin Trading services on August 6, 2024, lasting approximately 10 minutes. Binance, a leading cryptocurrency...
CleanSpark (CLSK) Executes 75 MW Power Contracts and Acquires Bitcoin Mining Site in Wyoming
Luisa Crawford Aug 02, 2024 01:08 CleanSpark has executed 75 MW of power contracts and acquired a Bitcoin mining site in Wyoming, expanding its operations significantly. CleanSpark Inc. (Nasdaq: CLSK), a...
EUR/CHF Weekly Outlook – Action Forex
EUR/CHF’s decline form 0.9928 resumed last week and accelerated to as low as 0.9352. Initial bias remains on the downside this week for 100% projection of 0.9928 to 0.94767 from 0.9772 at 0.9320.Strong support could emerge above 0.9252 low to bring rebound. But near...
EUR/GBP Weekly Outlook – Action Forex
EUR/GBP’s rise from 0.8382 accelerated higher last week and the strong break of 0.8498 resistance argues that fall form 0.8643 has completed with five waves down to 0.8382. Initial bias stays on the upside this week for channel resistance (now at (now at 0.8560)....
Uniswap (UNI) Labs Collaborates with KidSuper for Limited-Edition Merch Collection
Rongchai Wang Aug 02, 2024 01:50 Uniswap (UNI) Labs partners with Brooklyn-based designer KidSuper for a unique merch collection launching August 5th. Uniswap (UNI) Labs has announced an exciting collaboration...
Bitcoin (BTC) Heads to Washington in July 2024
Lawrence Jengar Aug 02, 2024 02:23 Bitcoin (BTC) is set to make a significant impact in Washington this July 2024, according to Grayscale's latest market commentary. Bitcoin (BTC) is poised to make its presence...
EUR/JPY Weekly Outlook – Action Forex
EUR/JPY’s fall from 175.41 continued last week accelerated further. This decline is now seen as a larger scale correction. Initial bias remains on the downside for 155.91 fibonacci level next. On the upside, above 163.41 minor resistance will turn intraday bias...
GBP/JPY Weekly Outlook – Action Forex
GBP/JPY’s fall from 208.09 continued last week and accelerated further. This decline is as correcting the whole rally from 148.93. Initial bias stays on the downside this week for 185.49 fibonacci level. On the upside, above 193.23 minor resistance will turn intraday...
NVIDIA Launches GenAI-Perf for Optimizing Generative AI Model Performance
Timothy Morano Aug 02, 2024 02:46 NVIDIA introduces GenAI-Perf, a new tool for benchmarking generative AI models, enhancing performance measurement and optimization. NVIDIA has unveiled a new tool, GenAI-Perf,...
USD/CAD Weekly Outlook – Action Forex
USD/CAD’s rise from 1.3176 resumed by breaking through 1.3845 resistance last week. Initial bias stays on the upside this week for 61.8% projection of 1.3176 to 1.3845 from 1.3588 at 1.4025 next. For now break of 1.3786 support is needed to indicate short term...
Harris campaign fires back at Trump for Fox debate offer stunt
Republican presidential nominee and former U.S. President Donald Trump and U.S. Vice President Kamala Harris.Andrew Kelly | Evelyn Hockstein | ReutersThe Harris campaign on Saturday called out former President Donald Trump for trying to shift the terms of the Sept. 10...
GitHub Models: Revolutionizing AI Engineering for Over 100 Million Users
Alvin Lang Aug 02, 2024 03:16 GitHub introduces GitHub Models, enabling developers to leverage industry-leading AI models directly on the platform. GitHub has announced the launch of GitHub Models, a new...
AUD/USD Weekly Report – Action Forex
AUD/USD edged lower to 0.6479 last week but turned sideway since then. Initial bias stays neutral this week for some more consolidations. But further decline is expected as long as 0.6609 minor resistance holds. Break of 0.6479 will resume the fall from 0.6798 to...
GBP/USD Weekly Outlook – Action Forex
GBP/USD’s fall from 1.3043 extended to 1.2706 last week but recovered since then. Initial bias remains neutral this week and further fall is in favor as long as 1.2863 resistance holds. Below 1.2706 will target 1.2612 support first. Decisive break there should confirm...
LangChain Unveils LangGraph Studio: The First IDE for Agent Development
Joerg Hiller Aug 02, 2024 03:50 LangChain introduces LangGraph Studio, a specialized IDE for developing, visualizing, and debugging agentic applications, now available in open beta. LangChain has announced the...
Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’
Aug 3, 2024 14:38 UTC | Updated: Aug 3, 2024 at 14:38 UTC By Clark After issuing a Shiba Inu (SHIB) price prediction that played out veraciously, a Solana (SOL) millionaire has forwarded a bold claim, asserting that RCO Finance (RCOF), an...
USD/JPY Weekly Outlook – Action Forex
USD/JPY’s fall from 161.94 accelerated lower last week and there is no sign of bottoming yet. Initial bias stays on the downside this week for 140.25 support next. On the upside, above 150.88 minor resistance will turn intraday bias neutral and bring consolidations...
Understanding DAOs: The Future of Decentralized Governance
Rongchai Wang Aug 02, 2024 04:26 Explore how Decentralized Autonomous Organizations (DAOs) utilize blockchain for transparent and democratic governance, supported by Sui's tools like zkLogin and Sponsored Transactions. ...
Summary 8/5 – 8/9
Monday, Aug 5, 2024 Tuesday, Aug 6, 2024 Wednesday, Aug 7, 2024 Thursday, Aug 8, 2024 Friday, Aug 9, 2024 The post Summary 8/5 – 8/9 appeared first on Action Forex.
Riot Platforms Acquires 16.9% Stake in Bitfarms Ltd.
Rebeca Moen Aug 03, 2024 13:04 Riot Platforms, Inc. reports a significant stake increase to 16.9% in Bitfarms Ltd., aiming to influence the company's board composition. Riot Platforms, Inc. (NASDAQ: RIOT) has...
Market Turmoil Intensifies With Deepening Recession Fears
The financial markets were marked by significant turbulence this last week again, dominated by risk aversion. Evidence are surfacing that the US economy is heading for a recession, or even hard landing. Speculation is mounting that Fed might be compelled to implement...
EUR/USD Weekly Outlook – Action Forex
While the dip to 1.0776 was deeper than expected, EUR/USD’s subsequent strong rebound suggests that pullback from 1.0947 has completed already. Initial bias stays on the upside for retesting 1.0947 first. Firm break there will target 100% projection of 1.0665 to...
Wormhole Unveils Native Token Transfers (NTT) Framework for Seamless Cross-Chain Transactions
Timothy Morano Aug 02, 2024 05:06 Wormhole introduces the Native Token Transfers (NTT) framework, offering a flexible, open-source solution for transferring tokens across blockchains, ensuring security and composability. ...
Paris Summer Olympics viewership rises, with Snoop Dogg creating buzz
Snoop Dogg attends the Artistic Gymnastics Women's Qualification on day two of the 2024 Paris Olympic Games at Bercy Arena in Paris on July 28, 2024.Arturo Holmes | Getty Images Sport | Getty ImagesMillions of viewers in the U.S. are tuning into the Summer Olympics in...
Bank of India clocks 10 pc rise in Q1 net profit at Rs 1,703 crore, ET BFSI
New Delhi, Government-owned Bank of India on Saturday reported a 10 per cent increase in its net profit to Rs 1,703 crore in the April-June quarter of the current financial year, compared to Rs 1,551 crore in the same quarter last year. Net Interest Income (NII), a...
USD/CHF Weekly Outlook – Action Forex
USD/CHF’s fall from 0.9223 accelerated lower last week and there is no sign of bottoming yet. Initial bias remains on the downside this week and deeper decline would be seen to retest 0.8332 low. On the upside, above 0.8662 minor resistance will turn intraday bias...
NVIDIA Introduces AI-Powered Shopping Advisor for Personalized Retail Experiences
Tony Kim Aug 02, 2024 05:47 NVIDIA unveils an AI-powered retail shopping advisor, enhancing customer interactions with personalized recommendations and real-time data integration. NVIDIA has announced the launch...
EUR/AUD Weekly Outlook – Action Forex
EUR/AUD’s rise from 1.5996 extended through 1.6742 resistance last week despite interim pullback. The development strengthens the case that corrective fall from 1.7062 has completed with three waves down to 1.5998. Initial bias is on the upside this week for retesting...
Exploring Decentralized Energy: A Comprehensive Reading List
Lawrence Jengar Aug 02, 2024 06:15 Discover essential resources for understanding decentralized energy and its intersection with crypto and the energy grid. Decentralized energy is an emerging field where...
Tracing the Evolution of Foundational AGI Theories
Jessie A Ellis Aug 02, 2024 06:50 Explore the historical development and core theories of Artificial General Intelligence (AGI), from Turing's early concepts to modern advancements. The dream of Artificial...
Buffett’s sales of Bank of America top $3.8 bln, ET BFSI
By Jonathan Stempel- Berkshire Hathaway, run by billionaire Warren Buffett, extended its selling of Bank of America shares, and has shed more than $3.8 billion of the second-largest U.S. bank's stock since mid-July.Berkshire sold approximately 19.2 million Bank of...
Bitcoin Fends Off Bear Attack, Clinging to Levels
Market picture The crypto market lost 0.75% in 24 hours to $2.29 trillion. A day earlier, we noted a decline in cryptocurrencies in contrast to the positivity in equities on Wednesday, and then synchronised selling prevailed on Thursday. Meanwhile, the sentiment index...
RBI approves extension of Unity Small Finance Bank MD, BFSI News, ET BFSI
Kolkata: The Reserve Bank of India has approved the re-appointment of Inderjit Camotra as managing director & chief executive officer of Unity Small Finance Bank.The central bank approved his extension for another two years.Unity Small Finance Bank was promoted by...
Ethereum Developers Discuss Pectra Upgrade and Quantum Resistance in Latest ACDE Call
Jessie A Ellis Aug 02, 2024 08:39 Ethereum developers discuss Pectra upgrade, EIP 7212, and quantum resistance in ACDE Call #193, chaired by Tim Beiko. On August 1, 2024, Ethereum protocol developers convened...
Finance Minister Nirmala Sitharaman to address RBI board on Aug 10, ET BFSI
Finance Minister Nirmala Sitharaman is scheduled to address the Reserve Bank of India's central board on August 10 and highlight key points of the Budget FY25, including the fiscal consolidation roadmap. The post-budget meeting has been scheduled for August 10 where...
EUR/CHF: Medium-Term Global Risk-Off Kickstarts
Further weakness in the US ISM Manufacturing PMI & Employment sub-component increases the risk of a hard landing scenario. A Fed interest rate cut that is implemented late in the US economic cycle where a downturn may be already in motion sees the evaporation of...
PAT rises marginally YoY to Rs 17,035 crore, beats estimates, ET BFSI
Public sector lender State Bank of India (SBI) on Saturday reported a standalone net profit of Rs 17,035 crore for the quarter ended June 30, 2024, which was up by 0.9% over Rs 16,884.29 crore reported by the company in the year-ago period. It was higher than the...
Trump agrees to Fox News offer of debate with U.S. Vice President Kamala Harris on Sept. 4
Republican presidential nominee and former U.S. President Donald Trump and U.S. Vice President Kamala Harris.Andrew Kelly | Evelyn Hockstein | ReutersU.S. Republican presidential nominee Donald Trump has agreed to an offer from Fox News to hold a debate with...
RBI highlights inconsistencies in BDDR treatment; issues revised instructions to standardise co-operative banks’ practices, ET BFSI
The RBI on Friday said that the central bank's recent observations reveal inconsistencies in how Bad and Doubtful Debt Reserve (BDDR) is treated, particularly regarding its alignment with Accounting Standards (AS) and regulatory norms.Several co-operative banks...
India may take 75 years to reach 1/4th of US income per capita: World Bank, ET BFSI
NEW DELHI: India may take nearly 75 years just to achieve one-fourth of US income per capita, as per a recent World Bank report that offers the first extensive blueprint for developing countries to overcome the "middle-income trap."More than 100 countries, including...
Weekly Economic and Financial Commentary: The Downside Risks to the Employment Mandate Are Real Now
Summary United States: “The Downside Risks to the Employment Mandate Are Real Now” We have just concluded what will become a historic week. The July employment report brought with it a crossing of the Sahm Rule threshold. That means we’re either headed for recession,...
HKMA Issues Alert on Fraudulent Websites Impersonating Dah Sing Bank
Darius Baruo Aug 02, 2024 09:34 The HKMA warns the public about fraudulent websites and internet banking login screens mimicking Dah Sing Bank, urging vigilance and caution. The Hong Kong Monetary Authority...
Will banks continue to do heavy lifting for indices amid earning challenges?, ET BFSI
The last two weeks have been unusually busy for analysts. On one side, they had to track and listen to numerous earning calls, while on the other, they had to deal with the Union govt’s Budget arriving right in the middle of the earning season. Since the Budget...
AP review of Venezuela opposition-provided vote tallies casts doubt on government’s election results
An AP analysis of vote tally sheets released Friday by Venezuela's main opposition indicates that their candidate won significantly more votes in Sunday's election than the government has claimed, casting serious doubt on the official declaration that President...
RBI to keep rates unchanged, retain stance amid food inflation: Goldman Sachs, ET BFSI
The Reserve Bank of India (RBI) is likely to keep interest rates unchanged at the August 8 meeting and retain the monetary policy stance of withdrawal of accommodation amid food inflation concerns, according to Goldman Sachs."With 1H CY24 headline inflation still...
The Weekly Bottom Line: It’s A Different World
U.S. Highlights Nonfarm payroll gains came in lower than expected in July, with the unemployment rate heading higher. The numbers add to other data suggesting that the U.S. labor market is losing steam. While the Federal Reserve held rates steady at their July meeting...
Character.AI Enters Agreement with Google, Announces Leadership Changes
Lawrence Jengar Aug 03, 2024 05:59 Character.AI announces a strategic agreement with Google and key leadership changes to accelerate the development of personalized AI products. Character.AI has announced a...
India’s forex reserves come off record highs, fall to $667.39 billion as on July 26, ET BFSI
After jumping to record-high, India’s forex reserves dipped by $3.47 billion to $667.39 billion for the week ending on July 26, data shared by the Reserve Bank of India (RBI) showed on Friday.Previously, country's forex reserves jumped by $4.00 billion to hit an...
Digital set to grab lion’s share of bank deposits and credit disbursals, says RBI survey, ET BFSI
Banks' deposit mobilisation and credit disbursal through digital modes are set to experience exponential growth, according to a recent survey by the Reserve Bank of India (RBI). Conducted in March 2024, the survey covered 25 banks and 68 non-banking financial...
About 72% of taxpayers opt for new tax regime for AY 2024-25, BFSI News, ET BFSI
A substantial 72% of taxpayers who filed income tax returns for the assessment year 2024-25 (April-March) have opted for the new tax regime, according to the finance ministry. In contrast, only 28% chose to remain with the old tax regime.As of July 31, the deadline...
Tech stocks see steep three-week slump, led by Amazon, Intel
Signage outside the Nasdaq MarketSite in New York on March 23, 2023.Stephanie Keith | Bloomberg | Getty ImagesWith quarterly earnings from tech's mega-cap companies largely in the rearview mirror, one thing is clear: Wall Street is nervous.The Nasdaq Composite slumped...
Eli Lilly Zepbound, Mounjaro available after shortages, FDA says
An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City on Dec. 11, 2023.Brendan McDermid | ReutersAll doses of Eli Lilly's highly popular weight loss injection Zepbound and diabetes drug Mounjaro are now available in the U.S.,...
Exchanged prisoner Yashin condemns his ‘illegal expulsion’ from Russia
Russian political prisoner Ilya Yashin, who was released after a major prisoner exchange, gives a press conference in Bonn, Germany.Anadolu | Anadolu | Getty ImagesIlya Yashin, a Russian opposition activist freed from jail in Thursday's prisoner swap, pledged to carry...
Markets Weekly Outlook – Rising US Job Fears, Geopolitics in the Spotlight
US jobs data underwhelmed, triggering the SAHM rule, signaling a likely recession. The Magnificent 7 tech companies have lost nearly $1.75 trillion in market capitalization over the past 10 days. Rate cut bets for the US face significant revisions with recessionary...
AssemblyAI’s Python SDK Surpasses 100K Monthly Downloads with New Tutorials
Luisa Crawford Aug 03, 2024 06:35 AssemblyAI's Python SDK hits 100,000 monthly downloads, supported by fresh tutorials and community engagement. AssemblyAI's Python SDK has reached a significant milestone by...
Indian banks want customers, but no smartphones please, BFSI News, ET BFSI
In the past year, more than 600 Indian banks moved $2.5 trillion, or 80% of gross domestic product, between customer accounts. All these transactions originated on smartphones, with people paying a mobile number, or settling bills by scanning QR codes.It’s surprising,...
Ex-Google engineers from Character.AI re-join company with AI partnership
Pavlo Gonchar | Lightrocket | Getty ImagesFounders of one of the hottest AI startups Character.AI are re-joining Google along with other team members.Noam Shazeer and Daniel De Freitas, in addition to certain members of Character.AI's research team, are joining...
Hunter Biden gun case sentencing Nov. 13, after election
Hunter Biden, son of U.S. President Joe Biden, and his wife Melissa Cohen Biden arrive at the federal court during his trial on criminal gun charges in Wilmington, Delaware, U.S., June 5, 2024. Kevin Lamarque | ReutersHunter Biden will be sentenced in his criminal gun...
KukuFM Triples Audio Production Capacity with ElevenLabs Integration
Jessie A Ellis Aug 02, 2024 11:25 KukuFM has significantly increased its audio series production capacity by integrating with ElevenLabs' AI text-to-speech technology. KukuFM, a leading audio content platform,...
Mortgage rates plunge to the lowest level in over a year
A for sale sign in front of a home in Arlington, Virginia, on August 22, 2023.Andrew Caballero-Reynolds | AFP | Getty ImagesThe average rate on the popular 30-year fixed mortgage dropped 22 basis points to 6.4% Friday, according to Mortgage News Daily. That is the...
US non-farm payrolls grow 114k in Jul, unemployment rate rises to 4.3%
US non-farm payroll employment grew only 114k in July, well below expectation of 176k. That’s all well below average monthly gain of 215k over the prior 12 months. Unemployment rate jumped from 4.1% to 4.3%, above expectation of 4.1%. Participation rate ticked up by...
200+ cooperative, rural banks face outage after malware attack, ET BFSI
MUMBAI: More than 200 cooperative and regional rural banks are experiencing outages because of a ransomware attack. Following the attack, the National Payments Corporation of India disconnected their core banking provider C-Edge Technologies - a technology company...
Google pulls AI ad for Olympics following backlash
Google pulled an ad it showed during the Olympics which touted its AI chatbot Gemini writing a fan letter to an athlete.Google has pulled an Olympics ad for its chatbot Gemini from airwaves following backlash for the way it depicts a little girl using artificial...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 148.42; (P) 151.16; (R1) 152.72; More… USD/JPY’s steep decline from 161.94 reaccelerates to as low as 147.01 so far. There is no sign of bottoming yet and intraday bias stays on the downside. Next target is 140.25 fibonacci level. On the upside,...
Delta CEO offers employees free flights after CrowdStrike-Microsoft chaos
Ed Bastian, chief executive officer of Delta Air Lines Inc., speaks during a keynote at CES 2020 in Las Vegas, Nevada, U.S., on Tuesday, Jan. 7, 2020.Bridget Bennett | Bloomberg | Getty ImagesDelta Air Lines CEO Ed Bastian on Friday offered employees two free travel...
BNB Chain Expands with New Telegram Mini Games
Ted Hisokawa Aug 02, 2024 12:15 Explore the latest Telegram Mini Games on BNB Chain, including Eggdrop, Let’s Throw Slime, and Treasure Quests, enhancing Web3 adoption. The world of Telegram Mini-Games is...
Kotak to buy IDBI Bank? RBI identifies eligible bidders for state bank’s stake sale, ET BFSI
The Reserve Bank of India has completed its review of potential buyers for a majority stake in IDBI Bank, approving Fairfax Financial Holdings, Emirates NBD and Kotak Mahindra Bank as bidders, three sources aware of the development said on Thursday.The Indian...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8753; (P) 0.8797; (R1) 0.8823; More… USD/CHF’s decline from 0.9223 continues today and break of near term falling channel support indicates downside acceleration. Intraday bias stays on the downside. Sustained trading below 61.8% retracement of...
Jeff Bezos investing big in AI through his family office
Jeff Bezos at the Allen & Company Sun Valley Conference on July 10, 2024 in Sun Valley, Idaho.David Grogan | CNBCA 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...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2830; (P) 1.2847; (R1) 1.2873; More… Intraday bias in GBP/USD is turned neutral first with current strong recovery. Another fall will remain in favor as long as 1.2863 resistance holds. Below 1.2706 will target 1.2612 support. However, firm break...
Indian banks allocate only 5% revenue on IT spends, BFSI News, ET BFSI
Indian banks allocate a lower percentage of their revenue to IT spending compared to global peers, a report by Boston Consulting Group has pointed out. Global banks typically invest 7% - 9% of their revenue on IT costs while Indian banks allocate only up to 5%, it...
Tezos Enhances Mobile Gaming Industry with Innovative Tools
Terrill Dicki Aug 02, 2024 12:31 Tezos introduces innovative tools to transform the mobile gaming industry, addressing challenges and unlocking new opportunities for developers. Tezos is making waves in the...
Kamala Harris raised $310 million for Trump election contest
Vice President and 2024 Democratic presidential candidate Kamala Harris speaks at a campaign event in Atlanta, Georgia, on July 30, 2024.Elijah Nouvelage | Afp | Getty ImagesThe presidential campaign of Vice President Kamala Harris said Friday that its political...
US: Job Market Continued to Cool in July, Markets Up Ante on Rate Cuts
Non-farm employment rose by 114k in July, considerably below the consensus forecast calling for a larger gain of 175k. Job gains in the two prior months were revised a bit lower, subtracting a combined 29k from the previously reported figures. Private payrolls rose...
Arkham CEO Miguel Morel to Speak at Istanbul Blockchain Week
Iris Coleman Aug 02, 2024 14:02 Arkham CEO Miguel Morel is set to speak at Istanbul Blockchain Week, featuring in a keynote, panel, and workshop. Arkham Intelligence's Founder and CEO, Miguel Morel, is scheduled...
XTB Revenues drop 31%, Profit off 47% in slow Q2 2024
Following a set of record results in Q1, Poland based Retail FX and CFDs broker XTB has reported its preliminary results for Q2 2024 indicating a major decrease in activity, leading to lower Revenues and Profit at the company. Revenues at XTB for the second quarter of...
all you need to know, BFSI News, ET BFSI
A ransomware attack on C-Edge Technologies, a major banking technology provider in India, on Wednesday caused a temporary shutdown of payment systems at nearly 300 small local banks.The Mumbai-based technology company is in the advanced stage of hiring a forensic...
Swiss Franc Jumps After Soft US Job Numbers
The Swiss franc has posted sharp gains in the North American session on Friday. USD/CHF is currently trading at 0.8754, up 0.86% on the day. The Swiss franc is on a roll and is trading at its highest level since the end of January. Swiss inflation declined 0.2%, in...
Ripple (XRP)’s Q2 2024 XRP Markets Report Highlights Volatility and Regulatory Wins
Iris Coleman Aug 02, 2024 15:43 Ripple (XRP)'s Q2 2024 XRP Markets Report details market volatility, regulatory updates, and significant industry developments. Ripple (XRP) has released its Q2 2024 XRP Markets...
Black jobs swipe at Trump after Olympics gold
Simone Biles of Team United States reacts after competing on the vault during the Artistic Gymnastics Women's Qualification on day two of the Olympic Games Paris 2024 at Bercy Arena on July 28, 2024 in Paris, France.Jamie Squire | Getty Images Sport | Getty...
New Highs as Fed Rate Cut Looms :: InvestMacro
By RoboForex Analytical DepartmentThe price of gold (XAUUSD) continues its upward trajectory, hitting a new peak at 2460 USD per troy ounce on Friday. The surge in gold prices is largely driven by growing expectations that the US Federal Reserve will soon reduce...
NASA may return Starliner astronauts on Boeing or SpaceX
Boeing spacecraft Starliner is seen from the window of SpaceX's Dragon capsule "Endeavour" on July 3, 2024 while docked with the International Space Station during the crew flight test.NASANASA management has been in deep discussion this week about whether to return...
Decline in debit cards transaction volume by 13%, credit cards witness uptick in June 2024, ET BFSI
According to latest data by 1Lattice, on a year on year basis, debit cards transaction volume has decreased by a massive 13 per cent while the value of transactions decreased by approximately 7 per cent in June 2024. On the other hand, credit cards transaction volume...
UK cancels £1.3 billion of tech and AI infrastructure projects
LONDON, UK - JUNE 12: The 9th edition of the Artificial Intelligence Summit kicks off with the participation of international technology companies, in London, United Kingdom on June 12, 2024. (Photo by Rasid Necati Aslim/Anadolu via Getty Images)Anadolu | Anadolu |...
Sunset Market Commentary – Action Forex
Markets Markets are trembling. US payrolls missed expectations by a significant margin as employment only grew by 114k (175k consensus). Last month’s reading was revised down by about 30k. The unemployment rate unexpectedly rose to 4.3%, the highest since Oct 2021,...
NVIDIA Grace Family: Revolutionizing Data Center Efficiency
Luisa Crawford Aug 02, 2024 15:21 NVIDIA's Grace CPU family aims to meet the growing demands for data processing with high efficiency, leveraging Arm Neoverse V2 cores and a new architecture. The exponential...
DJT shares soar, Trump Media rolls out TV streaming
STR | Nurphoto | Getty ImagesTrump Media said Friday it has started rolling out a TV streaming service that aims to air "neglected" content on its social media platform Truth Social.The company's stock price, which trades under the ticker DJT on the Nasdaq, jumped...
RBI okay with Tata Sons road map to avoid street, BFSI News, ET BFSI
Mumbai: The Reserve Bank of India (RBI) is said to be agreeable to a restructuring plan proposed by Tata Sons seeking a waiver for the mandatory listing of the group’s holding company. The Tata Group holding company has already implemented parts of the plan, including...
July Employment: That Was Sahm Jobs Reports
Summary The ongoing deterioration in the jobs market was on full display in the July Employment report. Nonfarm payrolls posted the second smallest gain in 3.5 years with an increase of 114K, average hourly earnings growth eased to 3.6% year-over-year and the...
Canada’s July Employment Report Will Confirm a Weaker Labour Market
The Canadian jobs report for July next Friday is expected to show more softening in the labour market. Employment gains have already slowed substantially into the summer, and we expect July will be no exception with 15,000 new jobs added. Against a still rapidly...
Exclusive: ATFX Connect hires Taurex exec Amer Zino as Director of Business Development
FNG Exclusive… FNG has learned that leading Retail FX and CFDs broker ATFX has continued a recent hiring spree of senior executives, adding Dubai based Amer Zino as Director of Business Development for its ATFX Connect institutional services arm. Amer Zino joins ATFX...
HSBC India’s profit up 7% to $798 million, BFSI News, ET BFSI
Profit from Hong Kong and Shanghai Banking Corp Ltd’s (HSBC) Indian operations increased 4% year on year led by a 7 per cent growth in both its global banking and markets division and commercial banking business.Profit before tax from India increased to $798 million...
SEBI, BFSI News, ET BFSI
The Securities and Exchange Board of India will soon notify the regulations on finfluencers, Madhabi Puri Buch, Chairperson of SEBI, said during an event held at NSE on Tuesday.During the event, SEBI Chairperson said, "We recently had a regulation which we will be...
UK’s New Tech Policy Could Catalyze Economic Growth Through Blockchain
Caroline Bishop Aug 02, 2024 14:51 The UK stands at a critical juncture to boost economic growth by fostering new tech policies, particularly in blockchain, according to a16z crypto. The UK stands at a pivotal...
DraftKings to tax winning bets in some states in a bid to boost profit
Budrul Chukrut | SOPA Images | Lightrocket | Getty ImagesMobile betting powerhouse DraftKings is planning a tax on consumers in states with the highest sports betting tax rates, as the company looks to boost profit.The company announced Thursday that starting next...
USD/JPY Outlook: Falls Further on Weaker than Expected NFP Numbers
USDJPY fell sharply (down 1% in immediate reaction to US jobs data) after US NFP dipped well below expectations in July (114K vs 176K f/c), while June’s figure was revised down to 179K from initial 206K. Unemployment unexpectedly rose to 4.3% in July from 4.1% June /...
Amazon stock down 12% after third-quarter outlook disappoints
Andy Jassy, chief executive officer of Amazon.Com Inc., during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021.David Ryder | Bloomberg | Getty ImagesAmazon shares plunged as much as 12% on Friday, a day after the company reported mixed...
Revenue from retail investment intermediation in the UK marks slight decrease in 2023, FCA data shows
The UK Financial Conduct Authority (FCA) today posted its latest analysis of the intermediary sector based on data drawn from the Retail Mediation Activities Return (RMAR) for 2023. Firms that provide advice on, or arrange, mortgages, insurance policies or retail...
Aditya Birla Cap net profit rises 17 pc to Rs 759 cr in April-June, ET BFSI
Mumbai, Non-bank lender Aditya Birla Capital on Thursday reported a 17 per cent increase in its consolidated net profit in June 2024 quarter at Rs 759 crore. The city-headquartered firm, which houses all the financial services businesses of the Aditya Birla Group, had...
PBOC and HKMA Sign MOU on Cross-Boundary Payment System Linkage
Rongchai Wang Aug 02, 2024 14:17 The PBOC and HKMA have signed a Memorandum of Understanding to link payment systems between Mainland China and Hong Kong. The People's Bank of China (PBOC) and the Hong Kong...
Elon Musk PAC data backs Trump over Harris in election
Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X speaks during the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024. David Swanson | ReutersIf a voter in Michigan performs a...
Week Ahead – RBA and BoJ Summary of Opinions Take Center Stage
RBA decides on policy as hike bets disappear BoJ Summary of Opinions awaited for more hike hints After Fed, dollar turns to ISM non-mfg PMI New Zealand and Canada jobs data also on tap Will the RBA turn dovish? Following the BoJ, the Fed, and the BoE decisions this...
Sebi targets reduction in fundraising time, BFSI News, ET BFSI
India's markets regulator is working to streamline the fundraising process for companies and simplifying public offer documents for investors, Chairperson Madhabi Puri Buch said on Friday.The Securities and Exchange Board of India (SEBI) is working to merge rights...
Morgan Stanley wealth advisors can pitch bitcoin ETFs
Morgan Stanley on Friday told its army of financial advisors that it will soon allow them to offer bitcoin ETFs to some clients, a first among major Wall Street banks, CNBC has learned.The firm's 15,000 or so financial advisors can solicit eligible clients to purchase...
Bitcoin Nashville 2024: Key Takeaways from the Historic Conference
Felix Pinkston Aug 02, 2024 13:28 Bitcoin Nashville 2024 gathered industry leaders, politicians, and enthusiasts to discuss Bitcoin's future and its impact on society, politics, and technology. Bitcoin Nashville...
Stock indices sold off on concerns that the Fed is behind on rate cuts. :: InvestMacro
By JustMarketsOn Thursday, US indices were declining, with the Dow Jones (US30) Index down 1.21% and the S&P 500 (US500) Index down 1.37%. The NASDAQ Technology Index (US100) closed negative 2.30%. Weaker-than-expected US economic news caused a liquidation of...
Snap shares plunge more than 20% on weak guidance
Evan Spiegel, co-founder and CEO of Snap Inc., during the Bloomberg Technology Summit in San Francisco on May 9, 2024.David Paul Morris | Bloomberg | Getty ImagesSnap shares fell more than 20% in extended trading on Thursday after the company reported guidance for the...
5 banks revise fixed deposit interest rates in August 2024, ET BFSI
Several banks revised their fixed deposit interest rates in August. Federal Bank, Punjab National Bank (PNB), Karnataka Bank, and Union Bank of India changed their FD rates on August 1 and 2, 2024. Below is a list of the five banks that have modified their fixed...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0802; (P) 1.0826; (R1) 1.0849; More….. EUR/USD’s strong rebound and break of 1.0869 resistance suggests that pullback from 1.0947 has completed as a correction a 1.0776. More importantly, rise from 1.0601 is probably still in progress. Intraday...
Amazon’s advertising business grew 20% in the second quarter
Future Publishing | Future | Getty ImagesAmazon's online advertising business brought in $12.77 billion during the second quarter, marking a 20% year-over-year increase, but missing analysts' estimates.Amazon disclosed the latest quarterly financial results of its...
Number of ITRs filed surges to record 7.28 crore in 2024-25, first timers add up to 58.6 lakh, ET BFSI
New Delhi, The total number of ITRs (income tax returns) for the assessment year (AY) 2024-25, filed till July 31, has surged to a record high of 7.28 crore, according to figures released by the Finance Ministry on Friday. This represents a 7.5 per cent jump over the...
Risk Aversion Deepens as US Non-Farm Payrolls Fall Short of Expectations
Risk aversion is intensifying in early US session after non-farm payroll report significantly missed expectations on all fronts. This follows yesterday’s poor manufacturing data, which has already sparked discussions about a hard landing for the US economy. The weak...
Cboe registers 11% Y/Y increase in global FX net revenue in Q2 2024
Cboe Global Markets, Inc today reported financial results for the second quarter of 2024. Total revenues less cost of revenues of $513.8 million increased 10%, compared to $467.1 million in the prior-year period, a result of increases in cash and spot markets,...
Arkham Intelligence Reaches 100,000 User Milestone
Tony Kim Aug 02, 2024 12:54 Arkham Intelligence surpasses 100,000 users since launching its Beta Program in August 2022, achieving nearly 40% average weekly growth. Arkham Intelligence, a leading crypto...
Banking’s Nifty lag an opportunity to consider some bets, BFSI News, ET BFSI
The sector indices for banking and finance companies have underperformed the benchmark indices over the past three months, six months and 12 months reflecting broader concerns such as margin pressure, slowing deposit growth and regulatory changes. With relatively...
Block (SQ) earnings Q2 2024
Block beat on profit in its second-quarter earnings report on Thursday. The stock rose in extended trading.Here is how the company did, compared to analysts' consensus estimates from LSEG.Earnings per share: 93 cents adjusted vs. 84 cents expectedRevenue: $6.16...
Gold (XAU/USD) Continues to Surge: New Highs as Fed Rate Cut Looms
The price of gold (XAUUSD) continues its upward trajectory, hitting a new peak at 2460 USD per troy ounce on Friday. The surge in gold prices is largely driven by growing expectations that the US Federal Reserve will soon reduce interest rates. This anticipation has...
India top nation in number of IPOs and issuances globally: SEBI Chairperson, ET BFSI
Mumbai, Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch said on Friday that India is the top country when it comes to the total number of initial public offerings (IPOs) and issuances globally.Addressing a FICCI conference in Mumbai, she...
Microsoft touts cloud momentum from Y Combinator startups
EzDubs founders Amrutavarsh Kinagi (left), Kareem Nassar and Padmanabhan Krishnamurthy pose for a photo in Palo Alto, California, in August 2023.EzDubs, a developer of language-translation technology, got started the way many tech startups get off the ground. It...
How a new trend is challenging consumer culture :: InvestMacro
By Omar H. Fares, Toronto Metropolitan University and Seung Hwan (Mark) Lee, Toronto Metropolitan University A new TikTok trend called “underconsumption core” is gaining traction online. This trend champions minimalism and frugality, and encourages people to maximize...
Lenders warn of remedial action against Hinduja’s IIHL, ET BFSI
Lenders of debt-ridden Reliance Capital (RCAP) have cautioned Hinduja Group arm IndusInd International Holdings of remedial action as it has failed to comply with the NCLT-imposed conditions, including a deposit of Rs 250 crore in an escrow account. IndusInd...
USD/JPY – Surging Yen Improves to 15-week High
The Japanese yen continues to rally. USD/JPY is trading at 148.86 in the European session, down 0.31% on the day at the time of writing. On Thursday, the yen strengthened as much as 148.50, its best showing since May 11. Yen continues to pummel US dollar Only three...
Survey Reveals Only 19% Expect NFTs to Recover This Cycle
Joerg Hiller Aug 02, 2024 11:48 A CoinGecko survey indicates that only 19% of crypto participants expect NFTs to make a comeback this cycle. Gaming and metaverse items are considered the most bullish use cases. ...
DoorDash shares pop 13% on second-quarter revenue beat
A DoorDash driver on an electric bicycle wearing a cooler backpack with the skyline of San Francisco in the background.Smith Collection | Gado | Getty ImagesShares of DoorDash popped 13% in extended trading on Thursday after the company reported second-quarter results...
Pershing to pay $1.4M fine for alleged FINRA rule violations
Pershing LLC has agreed to pay a fine of $1.4 million as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). From January 2010 through December 2022, Pershing distributed more than one million account statements and trade confirmations...
How Will AI Improve Customer Experience in 2024?
Almost every business leader in the world knows the potential of artificial intelligence. One of the most crucial value advantages of AI is the introduction of personalization and better efficiency. AI can help in improving interactions at all stages of the customer...
Earnings growth to moderate with likely PAT decline on higher expenses, provisions, ET BFSI
India's leading public sector lender State Bank of India (SBI) is likely to see a moderation in earnings for the first quarter ended June 2024 due to higher provisions.Net profit for the April-June 2024 period may decline 3% year-on-year, according to an average...
Nvidia shares fall after report that it faces a US DOJ antitrust probe
Nvidia CEO Jensen Huang speaks during Computex 2024 in Taipei on June 4, 2024. I-hwa Cheng | AFP | Getty ImagesThe U.S. Department of Justice is investigating complaints that Nvidia allegedly abused its market dominance in artificial intelligence chips, The...
USD/CHF Falls to Lowest Level in Nearly Six Months
As today’s USD/CHF chart shows, the exchange rate has fallen below 0.872 – the Swiss franc hasn’t been this strong against the US dollar since early February this year. Bearish sentiment is driven by: → Expectations of a Fed rate cut, weakening the US dollar; → Low...
Difference Between Blockchain and Cloud Computing: A Detailed Analysis
The amount of data we generate is staggering. By 2025, it’s estimated that the global digital data generated will reach an astounding 175 zettabytes — that’s 175 followed by 21 zeros! This explosion of information has brought great benefits, however, it has also...
BitTorrent Inc. Launches BTTC Examples Repository on GitHub
Rebeca Moen Aug 02, 2024 10:35 BitTorrent Inc. introduces the BTTC Examples repository on GitHub to guide developers in smart contract development on BitTorrent Chain (BTTC). BitTorrent Inc. has taken a...
Turkey blocks Instagram amid complaints of censorship of Hamas posts
Didem Mente | Anadolu | Getty ImagesTurkey blocked access to Instagram for its 85 million people, the country's Information and Communication Technologies Authority announced Friday morning."Instagram.com has been blocked by a decision on the date of 02/08/2024,"...
Metaverse Land Prices Plunge 72% from Peak, CoinGecko Reports
Iris Coleman Aug 02, 2024 10:53 CoinGecko reports that the average prices of metaverse lands have plummeted by 72% from their all-time highs, reflecting broader market trends. In a recent report by CoinGecko,...
Olympics draws new investments to niche sports, women’s teams
Players of Team United States celebrate following victory during the Women's Rugby Sevens Bronze medal match between Team United States and Team Australia on day four of the Olympic Games Paris 2024 at Stade de France on July 30, 2024 in Paris, France. Michael Steele...
CFTC, KuCoin indicate progress towards resolution of lawsuit
The Commodity Futures Trading Commission (CFTC) and KuCoin have hinted at fruitful negotiations that may put an end to a lawsuit brought by the regulator earlier in 2024. In a letter addressed to Judge Valerie E. Caproni of the New York Southern District Court, the...
Market Analysis: Gold Price Regains Strength While Oil Price Takes Hit
Gold price started another increase and surpassed the $2,440 resistance. Crude oil is showing bearish signs and might decline below $75.00. Important Takeaways for Gold and Oil Prices Analysis Today Gold price started a steady increase from the $2,420 zone against the...
HDFC securities Partners with Vested Finance to Offer Access to Global Investing for Indians and NRIs, ET BFSI
Mumbai, Maharashtra, India - Business Wire India HDFC securities, the leading stock broking company, and a wholly owned subsidiary of HDFC Bank, announced a strategic tie-up with Vested Finance, a popular US-based investment platform for democratising global investing...
Amazon says distraction of Olympics, Trump shooting hit weak guidance
Andy Jassy, chief executive officer of Amazon.Com Inc., speaks during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021.David Ryder | Bloomberg | Getty ImagesAmazon is pointing to an unusually busy news cycle as one of the drivers behind its...
GBP/USD Outlook: Remains in Red But Bears Face Headwinds from Daily Cloud Top
Cable remains in red in early Friday, following Thursday’s 0.9% drop (the biggest daily loss since Apr 10) as fresh risk aversion deflated sterling. Bears extended to one-month low but find a footstep at 1.2706 (top of thick ascending daily cloud) and may pause here,...
Apple spending more on AI, but remains behind its Silicon Valley peers
Apple CEO Tim Cook opens WWDC 2024 in Cupertino, California, on June 10, 2024.Source: AppleThe topic of greatest interest to analysts on Apple's quarterly earnings call on Thursday was a product that's not even available to the general public yet.Apple Intelligence,...
Aptus Value Housing Finance reports consolidated profit of Rs 171.74 crore in Q1 FY25, ET BFSI
CHENNAI: Housing finance company Aptus Value has said that it earned a consolidated profit after tax of Rs 171.74 crore for the April-June 2024 quarter, on the back of business growth, stable asset quality and higher productivity.The company's PAT was 142.25 crore in...
Binance Futures Adjusts Leverage & Margin Tiers for Multiple Perpetual Contracts
Felix Pinkston Aug 02, 2024 09:57 Binance Futures announces updates to the leverage and margin tiers for SOLUSDT, 1000PEPEUSDT, MEWUSDT, and TAOUSDT USDⓈ-M perpetual contracts. Binance Futures has implemented...
WTI Crude Oil Hovers Beneath 200-day SMA
WTI trades within symmetrical triangle 20- and 50-day SMAs are ready for bearish cross WTI crude oil is moving back and forth from the 200-day simple moving average (SMA), with a strong resistance area near the potential bearish crossover between the 20- and 50-day...
BFSI sector to witness spike in net employment in H1FY25; NBFCs to lead, ET BFSI
Representational ImageThe BFSI sector in India is on a hiring spree as a latest report by TeamLease Services reveals that the sector is set to witness jump in the net employment in the first half of the fiscal year 2025.Banking sector is poised to experience the most...
Why all chip firms are not benefiting from the AI boom like Nvidia
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., displays the new Blackwell GPU chip during the Nvidia GPU Technology Conference on March 18, 2024. David Paul Morris/Bloomberg via Getty ImagesNot all chip firms are benefiting from the boom in...
NZ Court places Du Val Group into interim receivership
The High Court of New Zealand has placed Du Val Capital Partners Limited together with a number of entities within the Du Val Group, into interim receivership, at the request of the Financial Markets Authority (FMA). The interim receivership orders were also made in...
PNB hikes FD interest rates by up to 25 bps; now earn up to 8.05% fixed deposit rate, ET BFSI
Punjab National Bank (PNB) has raised its interest rates for fixed deposits (FD) by up to 25 basis points for amounts up to Rs 3 crore. The new FD interest rates are effective from August 2, 2024, according to the information available on the PNB website.Here a look...
Intel (INTC) Q2 earnings report 2024
Intel shares slid as much as 20% in extended trading on Thursday after the chipmaker said it would lay off over 15% of its employees as part of a $10 billion cost-reduction plan and reported lighter results than analysts had envisioned.The company also said that it...
USDCAD Hits 8-Month High, But It’s Not a Victory Yet
USDCAD marks new higher high after disappointing ISM manufacturing PMI A close above 1.3880-1.3900 is needed to postpone profit-taking US nonfarm payrolls eagerly awaited at 12:30 GMT USDCAD began the month on a positive note, swiftly recovering from its recent...
Binance to Update Margin Liquidation Fees on August 12, 2024
Peter Zhang Aug 02, 2024 09:02 Binance announces updates to its margin liquidation fees effective August 12, 2024, aiming to protect users and ensure market stability. Binance, one of the world's leading...
Rupee averts record low on likely RBI intervention as local equities slide, ET BFSI
By Jaspreet KalraMUMBAI - The Indian rupee was nearly flat on Friday as likely intervention from the Reserve Bank of India helped the currency hold above its all-time low amid pressure from weakness in local equities, which declined tracking a sell-off in global...
Australian regulator removes N.M. Super’s additional licence conditions
The Australian Prudential Regulation Authority (APRA) has removed additional licence conditions imposed on N.M. Superannuation Proprietary Limited (N.M. Super) in response to governance and risk management concerns. N.M. Super, which is part of the AMP group of...
Intel share plunge drags down global chip stocks from TSMC to Samsung
Pat Gelsinger, chief executive officer of Intel Corp., speaks during the Computex conference in Taipei, Taiwan, on Monday, June 4, 2024. Gelsinger took the stage at the Computex show in Taiwan to talk about new products he expects will help turn back the tide of share...
Sebi fines JM Financial MF, ex-CEO, others for violations, BFSI News, ET BFSI
The Securities and Exchange Board of India (Sebi) has imposed a total penalty of ₹2 crore on JM Financial Asset Management, its trustee company, its former chief executive Bhanu Katoch and four other individuals for violating mutual fund rules.The regulator had...
AUDUSD Declines to Fresh 2-month Low
AUDUSD extends retreat to its lowest since May 1 Oscillators are flagging oversold conditions AUDUSD has been in a steady retreat since July 11, violating both its 50- and 200-day simple moving averages (SMAs). Although the pair posted a fresh two-month low on...
RBI proposes new authentication measures to make digital payments more secure, ET BFSI
In a move to bolster the security of digital transactions, the Reserve Bank of India (RBI) has proposed new guidelines requiring additional authentication factors for digital payments. The draft guidelines, announced Wednesday, mandate that all digital payment...
AWS Q2 earnings report
Amazon Web Services CEO Matt Garman speaks during CNBC Power Lunch on July 1, 2024.CNBCAmazon said Thursday that revenue in its cloud division increased 19% in the second quarter, beating analysts' estimates.The company reported revenue for Amazon Web Services of...
Market Turmoil Boosts Safe Haven Currencies ahead of NFP, GBP/CHF Under Pressure
Safe haven currencies are dominating the market as the steep selloff in the US extended into Asian trading, with Nikkei down more than -5%. Poor US manufacturing data released overnight has intensified investor concerns about an impending recession, overshadowing the...
Marathon Digital (MARA) Sees Revenue Surge Despite Increased Losses in Q2 2024
James Ding Aug 02, 2024 07:29 Marathon Digital's Q2 2024 revenue increased by 78% to $145.1M, but the company reported a net loss of $199.7M due to fair market value adjustments. Marathon Digital Holdings...
ICE fines Merrill Lynch Commodities $1M for alleged rule violations
ICE Futures U.S. has posted a disciplinary notice against Merrill Lynch Commodities, Inc (MLCI). On July 31, 2024, a subcommittee of the Exchange’s Business Conduct Committee (BCC) determined that Merrill Lynch Commodities, Inc may have violated Exchange Rules 6.20(b)...
Injective (INJ) Unveils Altaris Mainnet Upgrade with Enhanced Capabilities
Iris Coleman Aug 02, 2024 08:07 Injective (INJ)launches Altaris mainnet upgrade, promising enhanced scalability, new developer tools, and improved economic structure. The blockchain landscape is set for a...
Aditya Birla Cap net profit rises 17 pc to Rs 759 cr in April-June, ET BFSI
Mumbai, Non-bank lender Aditya Birla Capital on Thursday reported a 17 per cent increase in its consolidated net profit in June 2024 quarter at Rs 759 crore. The city-headquartered firm, which houses all the financial services businesses of the Aditya Birla Group, had...
Central banks are turning the ship, but their path is unclear, ET BFSI
By Howard Schneider and David MillikenWASHINGTON/LONDON, - Decisions by major central banks this week brought the end of pandemic-era monetary policy into closer view, but also highlighted how long the road back to "normal" will be as officials now probe for the...
Govt weighing proposals to tweak its big tax move in Budget, ET BFSI
New Delhi:India Inc is requesting the government for a phased transition to the long term capital gains (LTCG) tax regime announced in the budget for FY25, which proposes to remove indexation benefits for property, gold and other unlisted assets.The options being...
FX option expiries for 2 August 10am New York cut
There isn't anything too significant on the board for today but there are some to be wary about. The first one is for USD/CAD at 1.3900, where the expiries are decent in size. It coincides with key resistance around the 2022 and 2023 highs, so the expiries could help...
Nintendo profit plunges 55% as sales of its ageing Switch console fall
Nintendo has kept players interested in its ageing Switch console series through key games with characters such as Super Mario and Zelda.Charly Triballeau | AFP | Getty ImagesNintendo on Friday reported revenue and profit that plunged in the company's fiscal first...
U.S. recognizes Maduro’s opponent as winner in Venezuela election
President of Venezuela Nicolas Maduro rises his hand during a mass gathering convene by supporters on July 18, 2024 in Caracas, Venezuela.Alfredo Lasry R | Getty Images News | Getty ImagesThe United States on Thursday recognized Venezuelan President...
SWIFT, Axis Bank launch AI pilot to tackle payment fraud, BFSI News, ET BFSI
Belgium-headquartered Society for Worldwide Interbank Financial Telecommunications (SWIFT), the global specialist in financial transactions, is launching an artificial intelligence (AI)-driven pilot in partnership with Axis Bank to help combat payments fraud occurring...
IOTA Community Allocates Funds to Boost EVM Ecosystem
James Ding Aug 01, 2024 17:58 The IOTA community has approved a significant liquidity program to support the new IOTA EVM ecosystem, aiming to enhance growth and adoption. The IOTA community has overwhelmingly...
BTCUSD Retreats from 1-Month High
BTCUSD pulls back after touching the 70,000 mark The bears eye the 50-day SMA as next crucial target Momentum indicators are skewed to the downside BTCUSD (Bitcoin) had a very strong July, with the price reaching the 70,000 psychological mark for the first time in...
Changes HDFC Bank, ICICI Bank, IDFC FIRST Bank cardholders should know, ET BFSI
Several banks have updated the terms and conditions for credit and debit cards, with the changes taking effect in August, September, and October 2024. HDFC Bank, IDFC FIRST Bank, and ICICI Bank are among the banks that announced these revisions in the past week.Here...
Pennsylvania Gov. Shapiro cancels Hamptons trip, days before expected Harris VP reveal
Pennsylvania's Governor Josh Shapiro holds a rally with Michigan's Governor Gretchen Whitmer (not pictured) in support of U.S. Vice President Kamala Harris' Democratic presidential election campaign in Ambler, Pennsylvania, U.S. July 29, 2024. Rachel Wisniewski |...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2830; (P) 1.2847; (R1) 1.2873; More… Intraday bias in GBP/USD remains on the downside for the moment. Fall from 1.3043 is in progress. Decisive break of 55 D EMA (now at 1.2782) will suggest that rise from 1.2298 has completed with three waves up...
Circle’s Euro-Backed Stablecoin EURC Launches on Base
Caroline Bishop Aug 01, 2024 18:28 Circle's EURC stablecoin is now live on the Base mainnet, enabling developers and users to mint and redeem EURC. Supported by major partners like Coinbase and Uniswap. Circle,...
Hindujas seek extension amid pending formalities, ET BFSI
Hinduja Group-backed IndusInd International Holdings (IIHL) has filed an intervention application with the Mumbai Bench of the National Company Law Tribunal (NCLT) regarding its acquisition of Reliance Capital (RCap). The application, submitted on Tuesday, outlines...
Crypto slides to begin August trading, nearly erasing its July gain
A visual representation of the cryptocurrency Bitcoin on November 20, 2018 in London, England.Jordan Mansfield | Getty ImagesStock Chart IconStock chart iconBitcoin tumbles with stocks on ThursdayDisappointing data out Thursday fueled investor worries that the U.S....
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0802; (P) 1.0826; (R1) 1.0849; More….. EUR/USD’s fall from 1.0947 resumed by breaking through 1.0797 temporary low and intraday bias is back on the downside. Current development suggest that rebound from 1.0601 has completed with three waves up to...
Elon Musk sued by ex-CNN anchor Don Lemon over canceled X deal
Elon Musk (L) & Don LemonReuters (L) | Getty Images (R)Former CNN anchor Don Lemon sued Elon Musk on Thursday, accusing him of making false promises to entice the journalist into a canceled deal to host a show on the billionaire's social media platform.The lawsuit...
Exclusive: IC Markets hires Credit Agricole alum Ben Singleton as General Manager
FNG Exclusive… FNG has learned that leading Australia based Retail FX and CFDs broker IC Markets has filled a hole in its senior management ranks, hiring longtime Credit Agricole executive Ben Singleton as the company’s new General Manager. He will be based at company...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8753; (P) 0.8797; (R1) 0.8823; More… Intraday bias in USD/CHF remains on the downside for the moment. Current fall from 0.9223 is in progress for 61.8% retracement of 0.8332 to 0.9223 at 0.8672 next. For now, risk will stay on the downside as long...
Registration, Activation, Fund Transfer & More, ET BFSI
With the help of the MahaMobile application, Bank of Maharashtra offers the Mobile Banking services to users. Through MahaMobile, users are able to perform multiple banking functions like and financial transactions from anywhere and at any time. Apart from being safe,...
Dune Enhances API Capabilities with DuckDB Integration
Lawrence Jengar Aug 01, 2024 16:06 Dune has significantly improved its API by integrating DuckDB, enabling pagination, filtering, and handling larger datasets efficiently. Dune has announced substantial...
Venu Sports has a tough marketing challenge to find an audience
Actor Jon Hamm playing Don Draper in Mad Men.Michael Yarish | AMC | APCall Don Draper, Venu Sports may have a marketing problemThe Disney, Fox and Warner Bros. Discovery jointly-owned streaming service said Thursday it will launch this fall at $42.99 per month. That's...
Kamala Harris is murky on antitrust. Wall Street sees an opportunity
Democratic presidential candidate, U.S. Vice President Kamala Harris speaks at a campaign rally at the Georgia State Convocation Center on July 30, 2024 in Atlanta, Georgia. Megan Varner | Getty ImagesWall Street dealmakers said they believe Vice President Kamala...
The Crypto Market Pulled Back Further into the Range
Market picture Cryptocurrencies continued to sag, failing to support gains in the stock market, returning the crypto market cap to $2.30trn levels seen a week ago. The market formed another lower local peak, a sequence that has been in place since March. A move...
Interactive Brokers introduces Forecast Contracts on economic and climate indicators
Interactive Brokers Group (NASDAQ:IBKR) announced that its wholly-owned subsidiary, the CFTC-regulated ForecastEx LLC, started operations on August 1, 2024. Clients of Interactive Brokers from eligible countries can now trade Forecast Contracts on upcoming economic...
GeForce NOW to Introduce 18 New Games in August 2024
Alvin Lang Aug 01, 2024 17:03 GeForce NOW announces the addition of 18 new games in August, including 'Star Wars: Outlaws' and 'Visions of Mana'. GeForce NOW, NVIDIA’s cloud gaming service, is set to expand its...
Bank loans to NBFCs slow, card & gold continue to surge, BFSI News, ET BFSI
MUMBAI: The year-on-year growth in bank credit to non-banking finance companies has decreased sharply to 8.5% as of June 2024. However, credit card outstanding and gold jewellery loans continue to record high year-on-year growth of 23% and 30%, respectively.By May...
Paige Bueckers to sign NIL deal with Unrivaled, get equity state
Paige Bueckers, #5 of the UConn Huskies, shoots the ball in the second half during the NCAA Women's Basketball Tournament Final Four semifinal game against the Iowa Hawkeyes at Rocket Mortgage FieldHouse in Cleveland, Ohio, on April 5, 2024.Steph Chambers | Getty...
Bank of England Review – Easing Commences But No Game-Changer for GBP
At today’s monetary policy meeting, the Bank of England decided to cut the Bank Rate by 25bp to 5.00%. A tight vote split, the notion of it being a finely balanced decision to cut rates and a mention of upside risks to the inflation forecast, gave the cut a slight...
CoreWeave Appoints Jeff Baker as New Chief Accounting Officer
Iris Coleman Aug 01, 2024 16:23 CoreWeave announces Jeff Baker as Chief Accounting Officer, bringing over 20 years of experience to the AI hyperscaler. CoreWeave, the AI Hyperscaler™, has appointed Jeff Baker as...
Apple (AAPL) earnings report Q3 2024
Apple's third quarter, which ends in June, is traditionally the company's slowest quarter of the year by sales.This year, the "main event" won't be Apple's earnings, wrote Barclays analyst Tim Long, it's what the company says about the September quarter, which is...
Interactive Brokers registers 38% Y/Y rise in DARTs in July 2024
Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just reported its operating metrics for July 2024. The brokerage registered 2.756 million Daily Average Revenue Trades (DARTs) in July 2024, 38% higher than prior year and 12% higher than prior...
HDFC Bank cautions customers against investment frauds, BFSI News, ET BFSI
HDFC Bank, India’s largest private sector bank, has advised its customers to be cautious against fraudulent trading platforms that offer investment opportunities mostly through social media platforms. The aim is to increase awareness about potential investment frauds...
GBP/USD Outlook: Limited Negative Impact from BoE Rate Cut
Cable traded in a choppy mode with limited downside after BOE rate cut and regained traction on much higher than expected US jobless claims. The pair returned above 1.2800 mark after hitting the lowest in almost one month (1.2750), with subsequent bounce signaling...
Amazon (AMZN) Q2 earnings report 2024
Amazon CEO, Andy Jassy speaking with CNBC's Jim Cramer on Mad Money in Seattle, WA. on Dec. 6th, 2023.CNBCAmazon is set to report second-quarter earnings after the bell on Thursday.Here's what analysts polled by LSEG are expecting:Earnings per share: $1.03Revenue:...
WSJ reporter Evan Gershkovich, ex-Marine Whelan released in U.S., Russia prisoner swap
This event is scheduled to begin at 12:00 p.m. ET. If the stream is not playing, please hit refresh.Wall Street Journal reporter Evan Gershkovich and former U.S. Marine Paul Whelan were released Thursday by Russia as part of a major, multi-nation swap of two dozen...
September US rate cut in the bag? :: InvestMacro
Fed leaves rates unchanged but signals possible September cutIncoming US jobs report likely to shape expectationsNAS100: NFP sparked moves of ↑ 1.5% & ↓ 0.7% over past yearGold: ↑ 2% this week, ready to retest records?USDInd: Trapped in range, key levels – 103.65...
Meta shares pop on Q2 earnings beat, rosy revenue forecast
Jaques Silva | Lightrocket | Getty ImagesMeta shares jumped 6% on Thursday after the company reported second-quarter earnings that beat Wall Street's expectations and offered a rosy revenue forecast.Revenue in the period increased 22% to $39.07 billion from $32...
Bank of England Joins Central Bank Rate Cut Club
Summary The Bank of England (BoE) joined the growing group of G10 central banks that have eased monetary policy, by delivering an initial 25 bps policy rate cut to 5.00% at today’s monetary policy announcement. The guidance from the BoE’s announcement was also...
Anthropic’s AI Assistant Claude Launches in Brazil
Joerg Hiller Aug 01, 2024 15:39 Anthropic's AI assistant Claude is now available in Brazil, offering both free and paid plans for consumers and businesses. Anthropic's trusted AI assistant, Claude, is now...
Mufin Green Finance board approves Rs 30 crore fund raising via NCDs, ET BFSI
New Delhi, Green financing firm Mufin Green Finance Ltd on Tuesday said its board has approved a proposal to raise Rs 30 crore through the issuance of non-convertible debentures. A decision was approved by the board at its meeting held on Tuesday, Mufin Green Finance...
Why Kohl’s is betting on babies
Kohl's plans to have 200 Babies R Us shops in its stores by the end of September. The retailer will sell a wide variety of baby gear, including strollers, car seats and cribs.Courtesy: Kohl'sWOODLAND PARK, N.J. — Kohl's is thinking small to rev up its sales.The...
eToro expands list of trading instruments by adding new German stocks, LSE stocks and ETFs
Online broker eToro today announced the addition of 290 new German stocks, 200 new LSE stocks and 8 new LSE ETFs to the list of investment instruments. The new assets take the total of available assets to 6,500. You can see some of the latest additions listed below:...
Will US Nonfarm Payrolls Steal The Show This Week?
US nonfarm payrolls to be released on Friday, 12:30 GMT Analysts estimate softer employment conditions in July Gold might push for an uptrend resumption if jobs data disappoint Will July’s NFP report be a game-changer? Friday’s nonfarm payrolls report will not be the...
Centre extends minimum public shareholding deadline for PSUs, including banks, ET BFSI
Centre has extended the deadline for central public sector enterprises (CPSEs) and public sector financial institutions to adhere to the minimum public shareholding (MPS) norm until August 2026.The move to grant an exemption is in the public interest allowing CPSEs,...
Hong Kong Monetary Authority Expands Suspicious Account Alert System Amid Rising Fraud Risks
Tony Kim Aug 01, 2024 14:23 HKMA announces the extension of the Suspicious Account Alert system, covering internet banking and physical branches, to combat increasing fraud risks. The Hong Kong Monetary...
US ISM manufacturing drops to 46.8, reflecting deepening contraction
US ISM Manufacturing PMI dropped from 48.5 to 46.8 in July, falling below the expected 48.8. This marks the fourth consecutive month of contraction for the manufacturing sector, with the decline accelerating. New orders fell from 49.3 to 47.4, indicating that demand...
The US Federal Reserve is set to cut rates in September. Today, investors are focused on the Bank of England meeting :: InvestMacro
By JustMarkets On Tuesday, US stocks traded mixed: the Dow Jones Index (US30) gained 0.24%, while the S&P 500 Index (US500) rose 1.28%. The NASDAQ Technology Index (US100) closed positive 2.64%. Stocks soared to highs when Fed Chair Powell said that upside risks...
Here’s what he told them.
Former President and 2024 Republican presidential candidate Donald Trump gestures while giving a keynote speech on the third day of the Bitcoin 2024 conference in Nashville, Tennessee on July 27, 2024.Jon Cherry | Getty Images News | Getty ImagesNASHVILLE — On...
IndoStar Capital Finance Core (VF + HFC) AUM grows 54% and Disbursements 71% YoY, ET BFSI
MUMBAI, India, Aug. 1, 2024 /PRNewswire/ -- Q1 FY25 Quarter Performance: Core AUM (VF + HFC) at ₹ 8,718 crore, up 54% YOY from ₹ 5,669 in Q1FY24 Robust demand for used CV: VF AUM at ₹ 6,323 crore, up 13%, QOQ and 61% YOY Affordable Home Finance AUM at ₹ 2,395 crore,...
Turbo (TURBO): The AI-Driven Memecoin Revolutionizing Crypto
Rebeca Moen Aug 01, 2024 13:12 Discover Turbo (TURBO), an AI-driven memecoin project operating on the Ethereum blockchain with a community-centric approach. Turbo AI memecoin, known as Turbo Token (TURBO), is a...
Sunset Market Commentary – Action Forex
Markets After the Fed’s most clear pivot towards imminent rate cuts yesterday, the Bank of England thought it could do even better. It cut the policy rate by 25 bps to 5% in a 5-4 split vote. For “some” in the group of 5 it was a finely balanced decision – similar to...
U.S. rugby star Ilona Maher talks bronze medal, Michele Kang investment
Ilona Maher became one of the Paris Olympics' heroes after leading the U.S. rugby team to its first-ever Olympic medal for men or women.The 27-year-old, frequently clad in bright red lipstick, helped Team USA bring home the bronze medal in a nail-biting win over...
Bitfarms (BITF) Reports July 2024 Bitcoin Production and Operational Milestones
Iris Coleman Aug 01, 2024 13:45 Bitfarms earned 253 BTC in July 2024, increased HODL to 1,016 BTC, and expanded operational hashrate to 11.1 EH/s, according to GlobeNewswire. Bitfarms Ltd. (NASDAQ/TSX: BITF), a...
Robert Swaak to step down as CEO of ABN AMRO
ABN AMRO Bank N.V. announced today that CEO Robert Swaak will not complete his term of office at the bank. In consultation with the Supervisory Board, it has been decided that he will step down in the first half of 2025. Robert Swaak commented: “Over these past years,...
India’s private sector banks lead market cap gains on stronger metrics, ET BFSI
India's private sector banks led gains in market capitalization in the three months to June 30 amid improvement in their financial metrics and positive sentiment in the Indian stock market, research by S&P shows.Axis Bank Ltd.'s market capitalization rose 20.9% to...
Epic Systems will support the government’s TEFCA program for health records
The eponymous sign outside Epic headquarters in Verona, Wisconsin.Source: Yiem via Wikipedia CCIt's about to get a lot easier for patients in the U.S. to access their own medical records. Health-care software vendor Epic Systems on Thursday announced that individuals...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 148.42; (P) 151.16; (R1) 152.72; More… Intraday bias in USD/JPY remains on the downside for the moment. Strong support could be seen from 148.66 fibonacci level to bring consolidations. On the upside, above 151.93 support turned resistance will turn...
Venu sports streaming pricing set at $42.99 a month
A detail view of a broadcast camera is seen with the NFL crest and ESPN Monday Night Football logo on it during a game between the Chicago Bears and the Minnesota Vikings at Soldier Field in Chicago on Dec. 20, 2021.Icon Sportswire | Icon Sportswire | Getty ImagesVenu...
Here’s what it means for U.S. tech firms
The European Union's landmark artificial intelligence law officially enters into force Thursday — and it means tough changes for American technology giants.The AI Act, a landmark rule that aims to govern the way companies develop, use and apply AI, was given final...
GBP/USD Under Pressure as Market Anticipates Bank of England Rate Decision :: InvestMacro
By RoboForex Analytical DepartmentThe British pound sterling continues to decline steadily against the US dollar. The GBP/USD pair is trending towards 1.2848.On the one hand, the pressure from the USD rate is evident. On the other hand, investors are awaiting the...
Sterling Stabilizes After Initial Selloff, BoE Easing Not Automatic Despite First Cut
Sterling suffered an initial sell-off in European trading and remained weak following BoE’s decision to cut the Bank Rate by 25 basis points to 5.00%. However, it stabilized during Governor Andrew Bailey’s press conference. The tight 5-4 vote to cut the rate...
Capital Group offloads 4.3 pc stake in SIS for Rs 258 cr, BFSI News, ET BFSI
New Delhi, Financial services company Capital Group on Wednesday offloaded a 4.3 per cent stake in SIS for over Rs 258 crore through open market transactions while Abu Dhabi Investment Authority bought shares in the company. Capital Group, through its two affiliates...
SingularityNET (AGIX) Announces $53M Investment in AI Infrastructure and Key Ecosystem Updates
Zach Anderson Aug 01, 2024 12:34 SingularityNET (AGIX) reveals a $53M investment in AI infrastructure, updates on ASI Alliance token merger, and progress reports from ecosystem projects like SingularityDAO and Rejuve.Bio. ...
Eli Lilly weight loss drug Zepbound cuts heart failure risks in study
An Eli Lilly & Co. Zepbound injection pen arranged in the Brooklyn borough of New York, US, on Thursday, March 28, 2024. Shelby Knowles | Bloomberg | Getty ImagesEli Lilly's weight loss drug Zepbound showed benefits in patients with a common type of heart failure...
GBP/USD Under Pressure as Market Anticipates Bank of England Rate Decision
The British pound sterling continues to decline steadily against the US dollar. The GBP/USD pair is trending towards 1.2848. On the one hand, the pressure from the USD rate is evident. On the other hand, investors are awaiting the outcome of today’s Bank of England...
ICE registers record net revenues of $2.3bn in Q2 2024
Intercontinental Exchange (NYSE:ICE) today reported financial results for the second quarter of 2024. For the quarter ended June 30, 2024, consolidated net income attributable to ICE was $632 million on $2.3 billion of consolidated revenues, less transaction-based...
20 Fun Ways to Name Your YNAB
Did you know you can name your budget in YNAB? It’s true, you can call each and every budget in your YNAB account something different. And since the name of your budget is so prominent right there in the top left corner of the web app, it’s a great opportunity to make...
UGRO CAPITAL ANNOUNCES FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2024, ET BFSI
Reports AUM of INR 9,218 Cr, up 36% (YoY), and PAT of INR 30 Cr, up 20% (YoY) Key Highlights Equity Capital raised amounting to INR 1,265 Cr via CCDs and warrants. Net disbursement (adjusted for SCF*) during Q1'FY25 stood at INR 1,330 Cr compared to INR 1,268 Cr in...
(BOE) Bank Rate reduced to 5%
Monetary Policy Summary, August 2024 The Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. The MPC adopts a medium-term and forward-looking approach to determine the monetary...
Biogen (BIIB) earnings Q2 2024
Biogen on Thursday reported second-quarter earnings and revenue that topped estimates and hiked its full-year guidance, as the company's cost cuts showed progress and sales of its breakthrough Alzheimer's drug, Leqembi, and other new products beat expectations. Biogen...
Hong Kong Monetary Authority Reports Stable Credit Conditions for SMEs in Q2 2024
Lawrence Jengar Aug 01, 2024 11:41 The HKMA's survey indicates stable credit conditions for SMEs in Q2 2024, with a slight increase in positive perceptions. The Hong Kong Monetary Authority (HKMA) has released...
How to Run a 7-Figure Solo Business and Have an Exit. » Succeed As Your Own Boss
#Smallbizchat Podcast LIVE is a monthly video interview show where small business owners can get answers to their questions. The focus of #Smallbizchat is to end small business failure by helping participants succeed as your own boss. Please join us live every third...
Genesis release 8.2 boosts data pipelines
This month, Genesis is releasing several powerful features to help developers build and configure complex functions required in financial markets applications even more rapidly. To start, Genesis has upgraded how Genesis works with data sources and data sinks, as well...
Profit rises 9.5% to Rs 4,458 crore, ET BFSI
Bank of Baroda (BoB)'s net profit increased 9.5% year on year due to lower provisions even as loan growth slowed down and other income fell.Net profit increased to Rs 4558 crore in the quarter ended June 2024 from Rs 4070 crore a year ago as provisions almost halved...
BoE cuts Bank Rate by 25bps to 5.00% in 5-4 tight vote
BoE cut the Bank Rate by 25 bps to 5.00% today, in a closely contested 5-4 vote. Governor Andrew Bailey, Deputy Sarah Breeden, new Deputy Clare Lombardelli, known dove Swati Dhingra, and Dave Ramsden voted in favor of the cut. Chief Economist Huw Pill, Megan Greene,...
The Dangers of Poor Customer Service 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...
Wayfair (W) earnings Q2 2024
The first Wayfair brick-and-mortar store prepares to open on May 02, 2024 in Wilmette, Illinois. Scott Olson | Getty ImagesOnline home goods company Wayfair saw sales decline in its fiscal second quarter as its CEO likened the current slowdown in the home goods...
How to Run a 7-figure Solo Business with Elaine Pofeldt » Succeed As Your Own Boss
In this episode, Melinda introduces Elaine Pofeldt, who shares her background and insights on non-employer businesses. They delve into the growth trends of million-dollar solopreneurs and identify top industries for solo businesses, including the impact of AI. The...
Binance August Missions: Users to Share 2,000,000 Points and Unlock Exclusive Rewards
Rebeca Moen Aug 01, 2024 11:02 Binance announces August Missions, offering users a chance to share 2,000,000 Binance Points and unlock exclusive rewards through simple tasks. Binance has unveiled its August...
nWay and Animoca Brands Unveil PvP Game ‘Cosmic Bomber’ for 1.79M Moca ID Holders
Zach Anderson Aug 01, 2024 10:43 nWay, a subsidiary of Animoca Brands, has launched the beta of 'Cosmic Bomber', a new PvP action game available exclusively to 1.79 million Moca ID holders. Game development...
PM Narendra Modi speaks to India Inc in a Post-Budget interaction, here are the key highlights, ET BFSI
Prime Minister Narendra Modi on Tuesday said that India will become the third largest economy in the world during his third term as the leader of the country. The PM was speaking at the inaugural session of Journey Towards Viksit Bharat: A Post Union Budget 2024-25...
Match-Trader upgrade for prop firms includes TradingView charts, Tournaments offer
Leading multi-asset trading platform provider Match-Trade Technologies has announced a new upgrade to its Match-Trader platform offer, specifically tailored to boost the growth of proprietary trading (prop) firms. The latest development integrates TradingView charts...
USD/JPY Falls Below 150 Yen Per Dollar
The yen was last this strong in mid-March this year. News from central banks contributed to the decline in USD/JPY. Yesterday, the Bank of Japan raised interest rates to levels not seen in the past 15 years. Conversely, the Fed kept rates unchanged as expected but...
SEBI proposals for derivatives will improve market stability, protect retail investors: Brokerages, ET BFSI
New Delhi [India], July 31 (ANI): India's financial market regulator SEBI has been worried about the speculative activities happening in the derivatives segment, which go against the purpose for which those asset categories were introduced.As per definition,...
Moderna (MRNA) earnings Q2 2024
Moderna on Thursday reported second-quarter revenue that beat expectations but slashed its full-year sales guidance, citing lower expected sales in Europe, a "competitive environment" for respiratory vaccines in the U.S. and the potential for deferred international...
Meta’s Reality Labs posts $4.5 billion loss in second quarter
A visitor wears a virtual reality headset Meta Quest as he takes part in an immersive experience stand during the Viva Technology show at Parc des Expositions Porte de Versailles on May 24, 2024 in Paris, France. Chesnot | Getty ImagesMeta's ambitious plans to develop...
WTT: Top Trade Ideas for August
For the month of August, I have my eyes set on three pairs for my swing trading opportunities during the course of the month. Asides these three, most of my other trade ideas will be executed on lower timeframes, and with more conservative targets in mind. Do note, as...
Dukascopy notifies public of another fraudulent clone
Dukascopy Bank SA today issued a warning about its website’s fraudulent clone operating via the domain https://dukascon.com/. Clones are unauthorised entities that abuse the data (logo, address, etc) of authorised companies in order to lure victims more easily. In...
SIDBI partners C2treds, UGRO Capital to facilitate loans to MSMEs, ET BFSI
New Delhi, Small Industries Development Bank of India (SIDBI) has partnered with C2treds and UGRO Capital to facilitate loans to the MSME sector. SIDBI has onboarded C2treds, a platform that offers MSMEs liquidity within 24 hours through an online bidding process,...
VC investment in India surge in April-June as China faces huge decline, ET BFSI
New Delhi, Venture capital (VC) investment in India surged considerably to $4 billion in the April-June period (Q2 2024), from $2.9 billion in the previous quarter, a report said on Thursday.On the other hand, China saw a massive decline in VC investment from $13.5...
Understanding Virtual Machines: A Deep Dive by Gala News
Ted Hisokawa Aug 01, 2024 09:39 Gala News explains the concept of Virtual Machines (VMs), their uses in development, cloud computing, and security, making complex tech jargon accessible. The world of technology...
Arm Q1 earnings report 2025
Rene Haas, chief executive officer of Arm Holdings plc, during the Computex conference in Taipei, Taiwan, on Tuesday, June 4, 2024.Annabelle Chih | Bloomberg | Getty ImagesArm shares fell more than 13% in extended trading on Wednesday after the chip-architecture maker...
UK manufacturing PMI finalized at 52.1, inflation pressure moving to manufacturing sector
UK PMI Manufacturing was finalized at 52.1 in July, up from June’s 50.9. Production growth was the fastest since February 2022, while input price inflation hit an 18-month high. Rob Dobson, Director at S&P Global Market Intelligence, noted that UK manufacturing...
Hamas armed wing leader Mohammed Deif killed in Gaza airstrike
A picture taken from Rafah shows smoke billowing over Khan Yunis in the southern Gaza Strip during Israeli bombardment on March 4, 2024, amid ongoing battles between Israel and the Palestinian militant group Hamas. Said Khatib | Afp | Getty ImagesIsrael's military on...
23andMe CEO Anne Wojcicki files proposal to take company private
A sign is posted in front of the 23andMe headquarters in Sunnyvale, California, on Feb. 1, 2024.Justin Sullivan | Getty ImagesAnne Wojcicki, CEO of 23andMe, has submitted a proposal to take the genetic testing company private as its stock price continues to hover...
OANDA Japan resumes opening of new positions in TRY/JPY and USD/TRY
Retail Forex broker OANDA Japan has issued a notice to its clients regarding trading in TRY/JPY and USD/TRY on the Tokyo server. The broker has now resumed new position opening for the following Turkish Lira (TRY)-related instruments, which were previously subject to...
HDFC Bank lead credit cards market, SBI frontrunner in debit cards in June 2024, ET BFSI
India's largest public sector lender, the State Bank of India, remained the front runner in the Debit cards market, holding a whopping 24 per cent market share in June 2024 while in credit cards HDFC Bank maintained the top position with a 21 per cent market share,...
GBPJPY Selling Drama Stretches Below 200-EMA
GBPJPY’s massive sell-off continues, reaches 3-month low Short-term risk bearish but oversold conditions detected BoE policy announcement might influence GBP at 11:30 GMT GBPJPY suffered another bold attack this week, giving back 8% of its value since its peak at a...
Call for a balanced regulatory approach, ET BFSI
MSMEs are the lifeblood of the Indian economy. Their growth and prosperity are essential for the country's overall economic development.Micro, Small, and Medium Enterprises (MSMEs) are the bedrock of the Indian economy, contributing significantly to employment,...
Qualcomm (QCOM) earnings report Q3 2024
Qualcomm president and CEO Cristiano Amon speaks at a news conference during CES 2022 in Las Vegas, Nevada, U.S. January 4, 2022.Steve Marcus | ReutersQualcomm reported fiscal third-quarter earnings on Wednesday that beat Wall Street expectations, particularly for...
Exploring Proof-of-Work (PoW) in Web3: Mechanisms, Benefits, and Challenges
Felix Pinkston Aug 01, 2024 08:51 Discover the role of Proof-of-Work (PoW) in blockchain technology, its benefits, challenges, and its importance in Web3 ecosystems. Proof-of-Work (PoW) is a consensus mechanism...
How to use ChatGPT for Customer Service?
Artificial intelligence has helped in transforming customer service with the support of tools like ChatGPT. Companies all over the world have been actively pursuing the prospects for using AI to their advantage. The growing use of ChatGPT for customer service...
Rakuten Wallet, CALIVERSE partner on Web3 and Metaverse business expansion
Rakuten Wallet, Inc., an operator of a crypto asset exchange business, today announced that it has signed a Memorandum of Understanding with CALIVERSE Inc., a South Korean metaverse development company that belongs to the Lotte Group, to form a strategic partnership...
Sebi clarifies on reports mandating T+0 system for all, BFSI News, ET BFSI
New Delhi, Capital markets regulator Sebi on Wednesday clarified on media reports pertaining to making the T+0 system mandatory for all. "This has been erroneously reported in a section of the press as Sebi bats for making the T+0 system mandatory for all," the...
Eurozone PMI manufacturing finalized at 45.8, recovering taking a hit
Eurozone’s PMI Manufacturing was finalized at 45.8 in July, unchanged from June, indicating ongoing contraction. PMI Manufacturing Output fell from 46.1 to 45.6, a 7-month low. Input costs increased at the fastest rate in a year and a half. Among countries, Greece led...
Meta advertising growth proof that hefty AI spending is paying off
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during an interview on "The Circuit with Emily Chang" at Meta headquarters in Menlo Park, California, US, on Thursday, July 18, 2024. Jason Henry | Bloomberg | Getty ImagesFor investors who are skeptical...
Rupee to see mild relief as Fed opens door to September rate cut, ET BFSI
The dollar index was at 104 after dropping 0.4% on Wednesday and U.S. bond yields eased, with the 10-year yield touching a low of 4.03%, its lowest level since February.The Indian rupee is likely to open slightly higher on Thursday, tracking gains in most of its Asian...
Bitcoin selling off, under US$65K
Scanning for news - not seeing anything of note. Is this politics related? This article was written by Eamonn Sheridan at www.forexlive.com.
FX option expiries for 1 August 10am New York cut
There is arguably just one to take note of on the day, as highlighted in bold.That being for EUR/USD at the 1.0850 level. That could help to draw in price action with the 200-hour moving average seen nearby at 1.0847 currently. But if anything else, it should keep...
Microsoft says OpenAI is now a competitor in AI and search
Microsoft CEO Satya Nadella, right, greets OpenAI CEO Sam Altman during the OpenAI DevDay event in San Francisco on Nov. 6, 2023.Justin Sullivan | Getty Images News | Getty ImagesMicrosoft's relationship with OpenAI has officially become more complicated.On Tuesday,...
Carvana (CVNA) earnings Q2 2024
In an aerial view, a sign is posted on the exterior of a Carvana car vending machine on in Daly City, California, on July 19, 2023.Justin Sullivan | Getty ImagesShares of Carvana jumped as much as 14% during after-hours trading Wednesday as the company topped Wall...
9/11 mastermind Khalid Sheikh Mohammad cuts plea deal
In a file photo Khalid Sheikh Mohammed, the alleged Sept. 11 mastermind, is seen shortly after his capture during a raid in Pakistan Saturday March 1, 2003, in this photo obtained by the Associated Press.AP PhotoAccused 9/11 mastermind Khalid Sheikh Mohammad and two...
Dollar Steady Following FOMC, BoE Rate Decision Looms
Dollar remained relatively steady following the balanced post-FOMC press conference, with notable exceptions against the stronger yen and Swiss franc. Fed Chair Jerome Powell explicitly mentioned the possibility of a rate cut in September but refrained from making any...
Riot Platforms Reports Q2 2024 Financials with $70M Revenue and 22 EH/s Hash Rate
Joerg Hiller Aug 01, 2024 07:32 Riot Platforms announced Q2 2024 results with $70M in revenue and a hash rate of 22 EH/s, despite the Bitcoin halving event. Riot Platforms, Inc. (NASDAQ: RIOT), a leader in...
SpeedTrader fined for failing to reasonably supervise for potentially manipulative trading
SpeedTrader, Inc. has agreed to pay a fine as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). At all relevant times, SpeedTrader provided direct market access to approximately 570 customers, consisting mostly of day traders, including...
NVIDIA Announces Q2 2025 Financial Results Conference Call
Alvin Lang Aug 01, 2024 07:59 NVIDIA schedules a conference call for August 28 to discuss its Q2 2025 financial results, with CFO commentary available ahead of the call. NVIDIA, a leading technology company, has...
Bank loans to NBFCs slow, card & gold continue to surge, BFSI News, ET BFSI
MUMBAI: The year-on-year growth in bank credit to non-banking finance companies has decreased sharply to 8.5% as of June 2024. However, credit card outstanding and gold jewellery loans continue to record high year-on-year growth of 23% and 30%, respectively.By May...
RBI releases draft rules on AePS touchpoint operators to prevent frauds, ET BFSI
The Reserve Bank on Wednesday came out with draft rules on the due diligence to be carried out for Aadhar-enabled Payment System (AePS) touchpoint operators by lenders, in order to prevent frauds. The proposals focus on streamlining the process for onboarding of AePS...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 151.86; (P) 153.54; (R1) 154.43; More… USD/JPY’s fall from 161.94 accelerates lower again to as low as 149.77 so far. Intraday bias stays on the downside for 148.66 fibonacci level, which is close to medium term channel support (now at 148.22)....
NVIDIA Unveils RTX-Powered Tools to Accelerate AI Development at SIGGRAPH 2024
Lawrence Jengar Jul 31, 2024 15:11 NVIDIA announces new RTX-powered tools and AI advancements at SIGGRAPH 2024, including updates to ChatRTX and Llama 3 support. NVIDIA has unveiled a suite of new RTX-powered...
Canada’s Economy Advanced in May, Modest Growth Expected in June
The Canadian economy grew for a second consecutive month, up by 0.2% month-on-month (m/m). This print landed ahead of Statistics Canada’s advanced guidance and market expectations of a 0.1% m/m gain. The flash estimate for June points to a 0.1% m/m gain. May’s reading...
UAW union endorses Vice President Kamala Harris over Trump
U.S. Vice President Kamala Harris speaks during an NCAA championship teams celebration on the South Lawn of the White House in Washington, D.C., on July 22, 2024.Andrew Harnik | Getty ImagesThe United Auto Workers on Wednesday endorsed Vice President Kamala Harris...
Meta Q2 earnings report 2024
Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on Sept. 27, 2023.Josh Edelson | AFP | Getty ImagesMeta is slated to report second-quarter earnings on Wednesday after the close of regular...
(FED) Federal Reserve Issues FOMC Statement
Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have moderated, and the unemployment rate has moved up but remains low. Inflation has eased over the past year but remains somewhat elevated. In recent months, there...
Circle Introduces Key Updates for Web3 Services in July 2024
Timothy Morano Jul 31, 2024 15:48 Circle's July 2024 updates include Social Logins, Email OTP for Programmable Wallets, and an 'enum' update for Solana API endpoints. Circle has announced significant updates to...
Nvidia stock up after Microsoft, AMD quell fears AI buildout too fast
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., displays the new Blackwell GPU chip during the Nvidia GPU Technology Conference on March 18, 2024. David Paul Morris/Bloomberg via Getty ImagesNvidia shares popped more than 11% Wednesday after...
Fed holds steady at 5.25-5.50%, keeps rate cut plans unclear
Fed kept interest rates unchanged at 5.25-5.50%, as widely anticipated, with a unanimous vote. The accompanying statement closely mirrored June’s guidance for future decisions, maintaining that the Fed is “prepared to adjust the stance of monetary policy as...
More than 100 techies sign VCs for Kamala pledge, backing VP Harris
Democratic presidential candidate, U.S. Vice President Kamala Harris speaks at a campaign rally at the Georgia State Convocation Center on July 30, 2024 in Atlanta, Georgia. Elijah Nouvelage | AFP | Getty ImagesAfter Donald Trump, the Republican nominee for president,...
AI-powered financial advisor has $20 billion in assets
AI-generated responses are becoming more common, whether travelers know or not.Westend61 | Getty ImagesAn automated financial advisor called PortfolioPilot has quickly gained $20 billion in assets in a possible preview of how disruptive artificial intelligence could...
FINRA warns of risks stemming from extended-hours trading
The Financial Industry Regulatory Authority (FINRA) has issued a notice explaining the risks associated with extended-hours trading. Regular trading hours for listed stocks, as defined by the Securities and Exchange Commission (SEC), are from 9:30 a.m. to 4 p.m. ET....
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8810; (P) 0.8843; (R1) 0.8860; More… USD/CHF is holding above 0.8776 support despite today’s dip and intraday bias remains neutral. More consolidations could still be seen but further decline is expected as long as 0.8923 resistance holds. On the...
a16z Crypto Backs Daylight’s Decentralized Energy Protocol
Alvin Lang Jul 31, 2024 17:14 a16z Crypto leads Series A funding for Daylight, a protocol aiming to decentralize energy management through distributed energy resources. a16z Crypto, a venture capital fund known...
Sunset Market Commentary – Action Forex
Markets The biggest moves in markets ahead of tonight’s Fed policy meeting happened in the Japanese yen. A not completely expected rate hike to 0.25% by the Bank of Japan this morning, accompanied by a bond taper programme, took some investors off guard. In a hawkish...
Understanding Tezos Smart Rollups: Key Features and Benefits
Jessie A Ellis Jul 31, 2024 16:08 Discover the intricacies of Tezos Smart Rollups, their benefits, and unique features like being optimistic and enshrined, according to Tezos Spotlight. Tezos is making waves in...
GBP/JPY Accelerates Lower After BoJ Rate Hike
GBPJPY extends steep downtrend by dropping 1.7% on Wednesday and on track for the biggest daily drop since 12 July 2023, after BOJ rate hike further boosted yen, while sterling remains deflated by growing expectations that BoE would deliver a 25 basis points rate cut...
IDFC First Bank grew retail deposit base, better show likely in Q3, ET BFSI
Mumbai: The need for aggressive growth in deposits and branches is tapering off as IDFC First Bank replaces erstwhile IDFC's wholesale deposits with sticky retail deposits, its chief executive officer told ET in an interview.V Vaidyanathan also said he expects...
Tether Reports Record $5.2 Billion Profit in H1 2024, Achieves Highest Treasury Bill Ownership
Zach Anderson Jul 31, 2024 16:35 Tether's Q2 2024 attestation reveals a record $5.2 billion profit in the first half of 2024, highest-ever treasury bill ownership, and almost $12 billion in consolidated equity. ...
Bank of Japan Hikes Rates Further, Slows Bond Buying
Summary The Bank of Japan (BoJ) sprung a mild surprise at today’s announcement, raising its policy rate to around 0.25%, from around 0% to 0.1% previously. The BoJ also said it would reduce the pace of its bond purchases to around ¥3T per month by early 2026. The...
RBI directs banks to provide all information to borrower on classifying them as wilful defaulter, ET BFSI
The Reserve Bank of India (RBI) asked banks to issue show-cause notices to borrowers identified as wilful defaulters, give them a personal hearing, and provide them at least 21 days to reply.The regulator also directed banks to disclose to the borrower all information...
ESMA warns of EU crypto firms using their offshore execution venues
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor authority, has issued an Opinion to address the risks presented by global crypto firms seeking authorisation under the Markets in Crypto Assets (MiCA) Regulation...
FOMC Rate Decision – Potential Impact on EUR/USD, GBP/USD and Dollar Index
The market anticipates a shift in the Fed’s stance, with three rate cuts now expected in 2024 due to softening economic data. A soft landing remains possible as the labor market cools and inflation shows signs of easing. Technical analysis suggests GBP/USD is...
Bitcoin Mining Industry Faces Challenges and Opportunities in 2024 Mid-Year Report
Tony Kim Jul 31, 2024 15:30 The 2024 mid-year report reveals the economic shifts, challenges, and opportunities in the Bitcoin mining industry, including the impact of AI and High-Performance Computing. The...
Month-end fix sees euro selling
A quick round of selling pressure has hit the euro ahead of the month-end London fix.In general, these moves fade after the turn of the hour. This article was written by Adam Button at www.forexlive.com.
Taco Bell to roll out AI drive-thru ordering in hundreds of locations
Gastonia, North Carolina, Taco Bell Mexican fast food restaurant and drive thru at dusk. Jeff Greenberg | Universal Images Group | Getty ImagesYum Brands hopes to use artificial intelligence to take down drive-thru orders at hundreds of Taco Bell restaurants by the...
Is RBI allowing rupee fall to avoid overvaluation?, BFSI News, ET BFSI
The Reserve Bank of India (RBI) appears to be guiding the rupee towards a gradual depreciation, according to recent market trends. Despite the rupee being a theoretically market-determined currency, the central bank's actions suggest a strategic approach to managing...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2815; (P) 1.2841; (R1) 1.2863; More… GBP/USD is losing downside momentum as seen in 4H MACD. But further decline is still expected with 1.2936 resistance intact. Decisive break of 55 D EMA (now at 1.2781) will suggest that rise from 1.2298 has...
SEC charges South Bay Acquisitions in connection with alleged Ponzi scheme
The Securities and Exchange Commission (SEC) today charged South Bay Acquisitions, LLC and its principal, John N. Matson of San Diego, California, with defrauding five investors, including some of his former brokerage customers. According to the SEC’s complaint,...
Cronos (CRO) and Revolut Join Forces to Launch Crypto Education Course
Felix Pinkston Jul 31, 2024 14:39 Cronos (CRO) partners with Revolut to launch 'Cronos Learn,' a course aimed at educating users about cryptocurrencies and Web3, available on the Revolut app. Cronos (CRO) and...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0797; (P) 1.0816; (R1) 1.0835; More….. Intraday bias in EUR/USD is turned neutral with current recovery. But further decline is expected with 1.0869 resistance intact. Sustained break of 55 D EMA (now at 1.0815) will argue that whole rebound from...
India’s top private lenders see farm loan defaults rising amid weak rural economy, ET BFSI
Top Indian private lenders are seeing more farmers and rural borrowers delay loan repayments as unpredictable weather impacts output and rising agricultural costs stretch their incomes further, according to quarterly earnings reports and a dozen bankers.The largest...
USD/JPY Plummets as Bank of Japan Tightens Policy :: InvestMacro
By RoboForex Analytical DepartmentThe USD/JPY pair has experienced a sharp decline, currently at 152.79, following decisive monetary policy adjustments by the Bank of Japan (BoJ). In a significant shift, the BoJ raised its interest rate to 0.25% per annum and unveiled...
LangSmith Introduces Flexible Dataset Schemas for Efficient Data Curation
Zach Anderson Jul 31, 2024 13:54 LangSmith now offers flexible dataset schemas, enabling efficient and iterative data curation for LLM applications, as announced by LangChain Blog. LangSmith has introduced new...
EUR/USD Outlook: Rises on EU CPI and US Labor Data, Bear-Trap Forming on Daily Chart
EURUSD bounced on Wednesday after a triple rejection at 1.0800 support zone (50% retracement of 1.0666/1.0948 rally/daily Kijun-sen) signals formation of a bear-trap. Fresh gains were sparked by higher than expected EU inflation numbers in July which improved Euro’s...
Cannot allow Paytm type contamination in stock markets: Sebi chief, ET BFSI
Stressing on the point that due diligence in financial services is sacrosanct, the Securities and Exchange Board of India (Sebi) chairperson Madhabi Puri Buch said that the KYC Registration Authority (KRA) system in the stock markets is absolutely essential to keep...
ElevenLabs Backs Congressional AI Safety and Innovation Bills
Timothy Morano Jul 31, 2024 13:31 ElevenLabs supports US Congressional efforts to advance AI safety and innovation through two key legislative acts. ElevenLabs, a leader in text-to-speech (TTS) software, has...
US stocks open higher ahead of the FOMC rate decision
The major US stock indices are opening higher ahead of the FOMC rate decision at 2 PM ET. The employment cost data came in a little bit weaker than expectations at 0.9% versus 1.0%. The market is shrugging off the so-so earnings from Microsoft although it started is...
Death of Hamas leader Haniyeh in Iran: Middle East on knife-edge
Hamas Political Bureau Chairman Ismail Haniyeh attending an exclusive interview with Anadolu in Istanbul, Turkiye on April 20, 2024.Anadolu | Anadolu | Getty ImagesThe Middle East is on edge after a dramatic escalation that saw top Hamas leader Ismail Haniyeh killed...
eToro launches staking for Solana and Ethereum
Online broker eToro announces today that it has launched staking on Solana (SOL) and Ethereum (ETH), enabling users to earn rewards in return for opting in. “Staking is essential to blockchains that use a proof-of-stake consensus mechanism, such as Solana and...
Dollar Dips on Weak ADP While Yen Marches On, Market Awaits FOMC
Dollar dipped as weaker-than-expected ADP job data hit the market entering US session. However, the movement has been limited with traders bracing for FOMC rate decision. Fed is widely expected to keep its policy rate unchanged at 5.25-5.50% today. The main focus is...
Indian banks grapple with piling debt amid efforts to expedite recovery, ET BFSI
Indian banks are currently facing a significant backlog in debt recovery cases, with a projected timeline of seven years to resolve them at the present rate. Over 200,000 cases are awaiting resolution in Debt Recovery Tribunals (DRTs), which manage approximately...
CrowdStrike-Microsoft outage cost the airline $500 million
Ed Bastian, chief executive officer of Delta Air Lines Inc., during an interview in New York, US, on Monday, Nov. 7, 2022. Bastian said that he sees 'strong demand' for flights carrying into 2023. Jeenah Moon | Bloomberg | Getty ImagesDelta Air Lines CEO Ed Bastian...
Canadian GDP grows by 0.2% mom in May, exceeds expectations
Canada’s GDP grew by 0.2% mom in May, surpassing the expected 0.1% mom growth. The primary driver of this growth was the goods-producing industries, which saw a 0.4% increase with four out of five sectors expanding. The services-producing industries also...
Oil rises amid escalation of conflict in the Middle East. Inflationary pressures in Australia are easing :: InvestMacro
By JustMarketsUS stocks traded mixed on Tuesday, with the Dow Jones (US30) Index up 0.50% and the S&P 500 (US500) Index down 0.50%. The NASDAQ Technology Index (US100) closed yesterday negative 1.28% and fell to an 8-week low. Stocks gave up early gains on Tuesday...
Hong Kong Monetary Authority Reports Decline in Negative Equity Mortgage Loans for June 2024
Joerg Hiller Jul 31, 2024 12:38 The Hong Kong Monetary Authority's survey reveals a decrease in residential mortgage loans (RMLs) in negative equity by end of June 2024. The Hong Kong Monetary Authority (HKMA)...
Goyal rules out change in FDI policy for China, BFSI News, ET BFSI
New Delhi: Commerce & industry minister Piyush Goyal on Tuesday ruled out an immediate rethink of India’s stance on Chinese investment, while slamming UPA’s economic policies, which had made the country dependent on imports and investments from the neighbouring...
Cannot allow Paytm type contamination in stock markets: Sebi chief, ET BFSI
Stressing on the point that due diligence in financial services is sacrosanct, the Securities and Exchange Board of India (Sebi) chairperson Madhabi Puri Buch said that the KYC Registration Authority (KRA) system in the stock markets is absolutely essential to keep...
Boeing taps Kelly Ortberg as new CEO to replace Dave Calhoun
Kelly Ortberg, chief executive officer of Rockwell Collins Inc., stands for a photograph at the company's production facility in in Manchester, Iowa, U.S., on Wednesday, Aug. 31, 2016. Daniel Acker | Bloomberg | Getty ImagesBoeing has named Robert "Kelly" Ortberg to...
USD/JPY Plummets as Bank of Japan Tightens Policy
The USD/JPY pair has experienced a sharp decline, currently at 152.79, following decisive monetary policy adjustments by the Bank of Japan (BoJ). In a significant shift, the BoJ raised its interest rate to 0.25% per annum and unveiled plans to scale back monthly bond...
FCA imposes restrictions on London Stone Securities
The UK Financial Conduct Authority (FCA) has imposed restrictions on wealth management firm, London Stone Securities Limited. The firm cannot undertake any regulated activity, charge any further fees to existing clients or take on new clients without FCA’s express...
Anita Dunn to join Harris super PAC
Anita Dunn, senior advisor to U.S. President Joe Biden, departs the White House in Washington, D.C., on Jan. 23, 2024.Drew Angerer | Getty ImagesSenior White House advisor Anita Dunn is leaving her post next week to guide a massive political action committee that is...
Gold, Crude Oil Prices Soar on Rising Middle East Tensions, FOMC Next
Gold and oil prices have surged due to rising tensions in the Middle East. Gold with a trendline break as bulls eye $2480/oz, FOMC meeting next. Brent crude oil found support around the 78.00 handle and is currently trading at 80.82 a barrel, with potential for...
Hong Kong Monetary Authority Releases June 2024 Monetary Statistics
Darius Baruo Jul 31, 2024 11:40 The Hong Kong Monetary Authority reports stable total deposits and a slight increase in Hong Kong dollar deposits for June 2024. According to statistics published by the Hong Kong...
10 Advanced Solidity Gas Optimization Techniques
The rapid advancements in the blockchain and Ethereum domain is undoubtedly a good news in the technology-driven era. However it is important to keep in mind that the high gas fees is a pressing issue that one cannot ignore. In fact the substantial gas fees is a major...
Financial bids for IDBI bank likely this fiscal; PSU banks sale on hold: DIPAM Secretary, ET BFSI
The government hopes that IDBI Bank will receive financial bids by the end of this financial year.In an exclusive interview with ANI, Tuhin Kant Pandey, Secretary of the Department of Investment and Public Asset Management (DIPAM), said, "In early August, we will be...
Asian Development Bank commits USD 200 mn loan for Swatch Bharat Mission 2.0, ET BFSI
The ADB's support will upgrade and establish solid waste processing and management facilities such as bio-methanation plants, composting plants, managed landfills, material recovery facilities, and plastic waste processing facilities.The Asian Development Bank (ADB)...
ASIC extends relief for foreign financial services providers from requirement to hold AFS license
The Australian Securities and Investments Commission (ASIC) is extending for a further 12 months the transitional relief for foreign financial services providers (FFSPs) from the requirement to hold an Australian financial services (AFS) licence when providing...
RBI mandates examination of wilful defaulters in NPA accounts over Rs 25 lakh, ET BFSI
The Reserve Bank of India (RBI) has issued a directive to lenders, instructing them to scrutinize wilful defaulters in all Non-Performing Assets (NPA) accounts with outstanding amounts of Rs 25 lakh and above. The process must be completed within six months.The RBI's...
Gold Fights With 2,420 Level Within Ichimoku Cloud
Gold rebounds off 2,370 support Prices penetrate short-term downtrend line But momentum oscillators look overstretched Gold prices have been in a bullish corrective mode during the week, paring/reversing some of its losses from July 24. The price has now surpassed the...
Uber to start using BYD cars in Europe, Latin America and develop ‘autonomous-capable vehicles’
BYD launched the BYD Seal in Europe at the IAA auto show in Munich, Germany. The electric sedan has a starting price of 44,900 euros ($48,479).Arjun Kharpal | CNBCBEIJING — Uber and BYD announced Wednesday that drivers on the ride-hailing platform can get pricing and...
Trump talk to Black journalists conference prompts co-chair to quit
Washington Post Editor Karen Attiah leads a discussion on Saudi hacking techniques at the Oslo Freedom Forum 2019 on May 28, 2019 in Oslo, Norway. Julia Reinhart | Getty ImagesThe co-chair of the annual National Association of Black Journalists convention stepped down...
Boeing (BA) earnings Q2 2024
A logo is seen on the Boeing stand on the opening day of the Farnborough International Airshow 2024, south west of London, on July 22, 2024.Justin Tallis | AFP | Getty ImagesBoeing is set to report results before the market opens on Wednesday. Analysts are expecting...
Binance to Delist Multiple Spot Trading Pairs on August 2, 2024
Iris Coleman Jul 31, 2024 11:00 Binance announces the delisting of several spot trading pairs including ADA/TUSD and AEVO/BNB, effective from August 2, 2024. Binance, one of the world's leading cryptocurrency...
Mcap of BSE-listed firms hit new all-time high of Rs 460 lakh crore, ET BFSI
New Delhi, The market capitalisation of BSE-listed firms hit a new all-time high of Rs 460 lakh crore on Tuesday, helped by a record-breaking rally in equities. The 30-share BSE Sensex closed higher by 99.56 points or 0.12 per cent at 81,455.40 -- its all-time closing...
Revenue Secretary on indexation benefits, ET BFSI
Union Finance Minister Nirmala Sitharaman interacts with Sanjay Malhotra, Revenue secretaryA house is a house, and it cannot be an asset. It is meant for living and is different from shares and other assets, said Sanjay Malhotra, Revenue Secretary, Ministry of Finance...
HKMA Warns Public About Fraudulent Website and Social Media Page Impersonating Public Finance Limited
Lawrence Jengar Jul 31, 2024 10:19 The Hong Kong Monetary Authority alerts the public to a fraudulent website and social media page impersonating Public Finance Limited. The Hong Kong Monetary Authority (HKMA)...
Sitharaman’s ‘Harvard & Oxford’ dig at Chidambaram, ET BFSI
NEW DELHI: Finance minister Niramala Sitharaman, replying to the opposition on the Union Budget on Tuesday, took a veiled dig at senior Congress leader P Chidambaram, saying the "Harvard and Oxford educated" leaders failed to contain the inflation as they adopted...
Microsoft will pay one-time cash awards of up to 25% of annual bonus
Satya Nadella, CEO of Microsoft.Bernd Von Jutrczenka | picture alliance | Getty ImagesMicrosoft on Tuesday said it will pay a one-time performance-based cash award of up to 25% of annual bonus to rank-and-file employees.Salaried and hourly workers at the senior...
SEC charges individual with insider trading ahead of announcement of ADT partnership with Google
The Securities and Exchange Commission (SEC) has charged Palm Beach County resident Charles Baugh with violations of the anti-fraud provisions of the federal securities laws in connection with his trading in the securities of ADT, Inc. ahead of an announcement that...
USDJPY’s Decline Faces 200-Day SMA
USDJPY extends its retreat from recent 38-year high The bears tested 200-day SMA for first time since January 9 Momentum indicators start to warn of oversold conditions USDJPY has been in a steady retreat from its 38-year peak of 161.94, falling to an almost...
2025 Ford Maverick pickup: New tech, hybrid options
DETROIT — Ford Motor has redesigned its small Maverick pickup truck, adding more technology, new performance and hybrid options to the vehicle.Updates to the 2025 Ford Maverick include refreshed exterior and interior styling, including a 13.2-inch center touchscreen;...
Trump to speak at Black journalists convention, as Harris erases his lead in polls
U.S. President Donald Trump speaks on Day 4 of the Republican National Convention (RNC), at the Fiserv Forum in Milwaukee, Wisconsin, U.S., July 18, 2024. Jeenah Moon | ReutersDonald Trump is set to field reporters' questions at the National Association of Black...
Reserve Bank of India to hold rates in August, first cut in Q4, ET BFSI
By Anant Chandak and Devayani SathyanBENGALURU - The Reserve Bank of India (RBI) will keep interest rates steady for a ninth straight meeting in August due to persistently high inflation, with a slim majority of economists in a Reuters poll expecting the first rate...
AMD, Nvidia jump as chip stocks rally from earnings, geopolitics boost
Shares of global semiconductor firms rallied on Wednesday as they were boosted by some positive earnings in the sector and a report of potentially less severe U.S. export restrictions on China.AMD was among the morning's big winners with shares up more than 9% in U.S....
ICICI Bank to continue on growth path despite NIM pressures and rising costs: Analysts, ET BFSI
ICICI Bank has reported a solid performance in its Q1 FY25 results, demonstrating healthy credit growth and stable asset quality. Analysts predict that the bank will continue to sustain its growth trajectory, although challenges such as narrowing net interest margins...
Eurozone CPI rises to 2.6% yoy in Jul, core CPI unchanged at 2.9% yoy
Eurozone CPI rose from 2.5% yoy to 2.6% yoy in July, above expectation of 2.4% yoy. Core CPI (ex-energy, food, alcohol & tobacco) was unchanged at 2.9% yoy, above expectation of 2.8% yoy. Looking at the main components, services is expected to have the highest...
HSBC appoints Jonathan Bingham as Interim Group CFO
HSBC Holdings plc today announces that Jonathan (Jon) Bingham has been appointed as Interim Group Chief Financial Officer with effect from 2 September 2024. He will not be appointed as an Executive Director. Mr Bingham will retain his existing responsibilities as...
Big LTCG gains for startups staff holding Esop in secondary deals, ET BFSI
HighlightsReduction in Long-Term Capital Gains (LTCG) tax on unlisted securities to 12.5% from 20% could benefit startup staffers holding Employee Stock Ownership Plans (Esop). Secondary funding rounds where an investor buys shares providing liquidity to employees are...
Binance Expands Loanable Assets for Flexible Rate and VIP Loans
Darius Baruo Jul 31, 2024 09:55 Binance has added new loanable assets for its Flexible Rate and VIP Loan services, enhancing options for users, according to a recent announcement. Binance, a leading...
Pinterest (PINS) Q2 2024 earnings
Bill Ready, CEO of Pinterest, rings the opening bell at New York Stock Exchange (NYSE) in New York City, U.S., May 15, 2024. Brendan McDermid | ReutersPinterest shares sank about 15% when the company reported its second-quarter earnings on Tuesday and provided...
Revenue Secretary shares 3 reasons for changes in Capital Gains tax in Budget 2024, ET BFSI
Sanjay Malhotra, Revenue Secretary, Ministry of Finance shared the three factors that drove the changes in the capital gains tax in the Union Budget 2024. These three factors are: Simplicity, Fairness, and Equity.Substantiating further on how these three factors...
Iran says Israel will ‘pay heavy price’ after death of Ismail Haniyeh
Palestinian group Hamas' top leader, Ismail Haniyeh speaks during a press conference in Tehran, Iran, March 26, 2024. Majid Asgaripour | ReutersIranian officials are condemning what they say was an Israeli strike on Tehran that killed Hamas leader Ismail...
USD/JPY Outlook: Cracks Key 150 Support Zone on Fresh Post-BoJ Acceleration Lower
USDJPY accelerated lower in early European trading on Wednesday, following a mixed immediate reaction on BoJ’s decision to raise interest rate from 0.10% to 0.25% and unveil plan to halve bond buying. The decision was positive for yen and added to currency’s broader...
Sebi proposes to relax disclosure framework for certain FPIs, BFSI News, ET BFSI
The Securities and Exchange Board of India (Sebi) has proposed to relax disclosure norms for large foreign portfolio investors belonging to land-bordering countries (LBCs).It has suggested linking disclosure requirements to a minimum threshold for identification of a...
AMD earnings report Q2 2024
Lisa Su at the Keynote: Lisa Su in Conversation with Ryan Patel as part of SXSW 2024 Conference and Festivals held at the Austin Convention Center on March 11, 2024 in Austin, Texas. (Photo by Travis P. Ball/SXSW Conference & Festivals via Getty Images)Travis P....
Vedant Gaur joins Sterling Trading Tech as Sales Director
Sterling Trading Tech, a provider of technology in order management, risk & margin, and trading, today announced that industry veteran Vedant Gaur will bring his expertise to further build the global bank and brokerage segments. As Sales Director at Sterling...
D.C. attorney general sues StubHub, alleging deceptive pricing
The StubHub logo is seen at its headquarters in San Francisco.Andrej Sokolow | Picture Alliance | Getty ImagesWashington, D.C., Attorney General Brian Schwalb sued the online ticket exchange platform StubHub on Wednesday, alleging deceptive and unfair pricing.The...
Reserve Bank of India to hold rates in August, first cut in Q4, ET BFSI
By Anant Chandak and Devayani SathyanBENGALURU - The Reserve Bank of India (RBI) will keep interest rates steady for a ninth straight meeting in August due to persistently high inflation, with a slim majority of economists in a Reuters poll expecting the first rate...
RBI can’t ignore the costs of everyday items as PM Modi’s economic adviser suggested, ET BFSI
A top Indian government adviser’s suggestion that policymakers cut out volatile food prices while targeting inflation met with skepticism from many economists, who say it’s inappropriate to ignore the costs of everyday items that consumers can’t do without.The...
NZDUSD Poised for Bullish Rotation
NZDUSD rotates higher after touching familiar support zone Technical signals increase the odds for upside reversal FOMC policy announcement might affect USD at 18:00 GMT NZDUSD has had a terrible month, but a bullish rotation this week has brought hope that the...
US reportedly will exempt allies from China chip controls; ASML shares rise
Shares of ASML jumped as much as 10% on Wednesday after a Reuters report suggested that the company could be exempted from expanded export restrictions on chipmaking gear to China.Reuters reported on Thursday that the U.S. is considering expanding the so-called...
Spider Tanks Unveils Dragon Cave Arena: A New Battlefield for Tank Olympiad
Tony Kim Jul 31, 2024 06:40 Spider Tanks introduces Dragon Cave, a new symmetrical arena with strategic elements and repair kits, enhancing gameplay dynamics for Tank Olympiad. Spider Tanks, a popular game by...
Here’s the full list, BFSI News, ET BFSI
Banks to be shut for as many as 13 days in August 2024 according to the list by the Reserve Bank of India. This includes the weekend holidays, i.e., the second and fourth Saturdays and all Sundays. Internet banking services will continue to be operational during these...
Iran says Hamas leader Ismail Haniyeh was assassinated in Tehran
Hamas Political Bureau Chairman Ismail Haniyeh attending an exclusive interview with Anadolu in Istanbul, Turkiye on April 20, 2024.Anadolu | Anadolu | Getty ImagesHamas leader Ismail Haniyeh was assassinated in Tehran, Iran's paramilitary Revolutionary Guard said...
RBI issues norms to improve safety of payment systems, BFSI News, ET BFSI
The RBI on Tuesday said non-bank payment system operators will have to put in place a real-time fraud monitoring solution to identify suspicious transactional behaviour and generate alerts. Also, non-bank payment system operators (PSOs) will have to ensure that an...
Stellantis to offer buyouts to U.S. salaried workers
DETROIT — Automaker Stellantis plans to once again reduce its U.S. employee headcount through a broad voluntary buyout, as the company attempts to reduce costs and boost profits.In an email to employees Tuesday morning, the company said it would offer a voluntary...
OFX partners with Technosis on FX payment solutions in Germany
Australia based payment solutions provider OFX (ASX:OFX) has announced a new partnership with German finance software company Technosis, to launch an integrated multi-currency payment solution. This solution aims to help businesses in Germany save time with fast,...
USD/JPY Technical: JPY Strength Halted Right at 151.70 Support as BoJ Hiked Interest Rate. What’s Next for JPY?
BoJ hiked its overnight interest rate to 0.25% and announced its “Quantitative Tightening” plan, without much major surprises. USD/JPY sold off but still hovering above its 151.70 key short-term support. Cannot rule out the possibility of another minor mean reversion...
Samsung bets on the Galaxy Ring and AI as its next big thing
Samsung in July released the Galaxy Ring, the South Korean tech giant's first foray into smart rings.The $399.99 device has sensors that can track various health metrics like sleep quality, linking up with Samsung's smartphones and smartwatch.Along with its S24 series...
IIFL Fintech Fund picks up 10% stake in genAI startup Vitra, ET BFSI
IIFL Fintech Fund – backed by diversified financial services conglomerate IIFL Group – has made its first investment in a generative AI startup - Vitra.ai, a firm specialising in advanced language translation solutions powered by Generative AI. IIFL Fintech Fund has...
Digital KYC, blockchain-based credit solutions part of RBI’s fifth innovation sandbox, ET BFSI
The Reserve Bank of India has shortlisted five ideas around blockchain-based lending, asset management and digital KYC for its fifth sandbox cohort, the central bank said on Friday.These included proposals from two major fintech startups, Signzy and Epifi.Peak XV and...
Headline fiscal deficit masks true adjustment, public debt should be lower: Report, ET BFSI
For India, even though there are no formal fiscal rules in place, policymakers have been following the path of fiscal consolidation. The consolidated fiscal deficit was lowered from 6.9 per cent in FY16 to 5.8 per cent in FY19 and public debt to GDP stabilised at...
FX option expiries for 31 July 10am New York cut
There are just a couple to take note of, as highlighted in bold.They are for USD/JPY and in a wider range, considering the volatility in the pair as we digest the BOJ decision. There is one at 152.50 which doesn't hold much technical significance. But it could hold...
Strong AI demand lifts profits
The Samsung logo is on display at their pavilion during the Mobile World Congress in Barcelona, Spain, on February 28, 2024. (Photo by Joan Cros/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesSamsung Electronics on Wednesday reported higher-than-expected...
Eisai Biogen Alzheimer’s drug Leqembi shows benefits over three years
The newly FDA approved Alzheimer's treatment Leqembi is prepared at Abington Neurological Associates in Abington, PA., on Tuesday, November 7, 2023. Hannah Yoon | The Washington Post | Getty ImagesThe breakthrough Alzheimer's drug Leqembi slowed disease progression in...
Harris directly challenges Trump to debate: 'Say it to my face'
Vice President Kamala Harris goaded Donald Trump at a rally in Atlanta before a roaring crowd of more than 10,000 supporters.
Yen Up Slightly After BoJ Hike; Aussie Tumbles on Core Inflation Relief
Yen rose broadly today after the BoJ raised interest rates for the second time this year, and maintained hawkish bias. However, buying momentum has not been decisive. This lack of strong momentum can be attributed to the fact that the rate hike decision was likely...
Spider Tanks Introduces Dragon Cave Arena
Rebeca Moen Jul 31, 2024 07:06 Gala Games unveils the Dragon Cave arena for Spider Tanks, highlighting its strategic depth and unique features. Gala Games has unveiled a new arena for its popular game, Spider...
Bitvavo to use Nasdaq Market Surveillance to detect and investigate suspected market abuse
Bitvavo and Nasdaq today announced an agreement that will see the digital asset exchange use Nasdaq’s Market Surveillance technology across its platform. Bitvavo, established in 2018 in Amsterdam, is a European cryptocurrency trading exchange with over 1.5 million...
Eternal Paradox Prepares for Final Conquest of Season 5
Jessie A Ellis Jul 31, 2024 07:58 Eternal Paradox gears up for the final Conquest of Season 5. Guilds battle for control of the Ring of Ruin. Who will emerge victorious? As Eternal Paradox approaches the final...
Will abolishing angel tax end funding winter for startups?, BFSI News, ET BFSI
The central government has abolished the angel tax, a significant move expected to end the funding winter for startups and attract substantial foreign investment. This decision, announced in the Union Budget 2024-25, aims to simplify the investment process and bolster...
Starbucks (SBUX) Q3 2024 earnings
Starbucks glass art on a store in Tokyo.Jakub Porzycki | Nurphoto | Getty ImagesStarbucks is expected to report its fiscal third-quarter earnings after the bell on Tuesday.Here is what Wall Street analysts surveyed by LSEG are expecting:Earnings per share: 93 cents...
Spooked Bitcoin – Action Forex
Market picture The cryptocurrency market pulled back 3% to a capitalisation of $2.4 trillion, erasing gains for a while due to the Bitcoin conference. For the past week and a half, the market has been predominantly moving in the $2.4-2.5 trillion range. The hesitancy...
Leverate integrates with Indian PSP Cricpayz
Leverate, a leading technology provider for the brokerage and prop trading industries, has announced its integration with Cricpayz, a prominent Indian Payment Service Provider. This partnership marks another step forward in Leverate’s ongoing expansion efforts within...
Sui Foundation Awards Grants to Innovative Web3 Projects
Rongchai Wang Jul 30, 2024 18:55 The Sui Foundation announces its latest grant recipients for May-July 2024, supporting projects that enhance the Sui ecosystem. The Sui Foundation has revealed the latest round...
Host of challenges ahead for private banks in Q2, BFSI News, ET BFSI
Mumbai: India's non-state banks are likely entering a period of margin compression, deterioration in asset quality, rising provisions and high credit costs, the June-quarter results for most private sector lenders have signalled. Banks are also expected to see intense...
USD/JPY – All Eyes on Bank of Japan, Yen Slips
The Japanese yen has sparkled in the second half of July but has lost steam this week. USD/JPY is trading at 154.88 in the European session, up 0.57% on the day at the time of writing. To hike or not to hike The Bank of Japan meets early Wednesday and the markets...
Biggest Marketing Mistakes Brokers Are Making
The following is a guest editorial courtesy of Charlotte Day, Creative Director at Contentworks Agency. Marketing your brokerage is becoming ever more challenging thanks to constant Google algorithm changes, tightening budgets, a rapid increase in competitors and...
EUR/USD Outlook: Corrects Monday’s Drop, Looks for Fresh Direction Signal
EURUSD edges higher on Tuesday morning after strong fall on Monday was contained by solid support at 1.0807 (daily Kijun-sen / 50% retracement of 1.0666/1.0948 rally) and also failed to register a daily close below cracked converged 55/200DMA’s (1.0815). Monday’s...
Banks borrow more than they raise deposits to fund loan demand, ET BFSI
Banks borrowed a record Rs 1.19 lakh crore from the market to fund demand for loans while they could mobilised lesser deposits - Rs 1.02 lakh crore in early July, according to the latest Reserve Bank of India data (RBI) data, highlighting the challenges faced by banks...
Enhancing AI Search Precision: NVIDIA Boosts RAG Pipelines with Re-Ranking
Alvin Lang Jul 30, 2024 18:19 NVIDIA introduces re-ranking to improve the precision and relevance of AI-driven enterprise search results, enhancing RAG pipelines and semantic search. In the rapidly evolving...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2816; (P) 1.2852; (R1) 1.2898; More… No change in GBP/USD’s outlook and intraday bias stays on the downside. Decisive break of 55 D EMA (now at 1.2779) will suggest that rise from 1.2298 has completed with three waves up to 1.3043 Deeper fall...
SEC charges BitClout founder Nader Al-Naji with fraud
The Securities and Exchange Commission (SEC) today charged Nader Al-Naji with perpetrating a multi-million-dollar fraudulent crypto asset scheme involving a social media platform called BitClout and its native token of the same name (BTCLT). According to the SEC’s...
Yes Bank in stake sale talks to give exit to its lenders, ET BFSI
Private sector lender Yes Bank is working toward giving an exit to its current shareholders, particularly State Bank of India (SBI), chief executive Prashant Kumar told ET."Banks led by State Bank of India had come in to support the reconstruction scheme. As per...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0793; (P) 1.0831; (R1) 1.0860; More….. EUR/USD’s fall from 1.0947 is in progress and intraday bias stays on the downside. Sustained break of 55 D EMA (now at 1.0815) will argue that whole rebound from 1.0601 has completed with three waves up to...
Comprehensive Guide to Web3 Development in 2024
Felix Pinkston Jul 30, 2024 16:51 Explore the essentials of Web3 development, skills required, and how to start a career in decentralized applications, according to BNB Chain Blog. The term “Web3” is often used...
Happy 50th birthday to the UPC barcode – no one expected you would revolutionize global commerce :: InvestMacro
By Jordan Frith, Clemson University The first modern barcode was scanned 50 years ago this summer – on a 10-pack of chewing gum in a grocery store in Troy, Ohio.Fifty is ancient for most technologies, but barcodes are still going strong. More than 10 billion barcodes...
MetDesk and NVIDIA Earth-2 Revolutionize Energy Trading with AI-Driven Weather Forecasts
Peter Zhang Jul 30, 2024 17:19 MetDesk integrates NVIDIA Earth-2 for enhanced AI-driven weather forecasts, transforming energy trading with precise, rapid predictions. MetDesk, a leading UK-based professional...
Indian Bank to sell Rs 400 crore NPAs to ARCs in FY25, BFSI News, ET BFSI
CHENNAI: Indian Bank will sell about Rs 400 crore of non performing assets (NPAs) to asset reconstruction companies (ARCs) in the current financial year of FY25. During the last fiscal of 2023-24, the public sector bank sold Rs 464 crore of NPAs to ARCs.Indian Bank MD...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8831; (P) 0.8851; (R1) 0.8882; More… Intraday bias in USD/CHF stays neutral and consolidations from 0.8776 could extend. Further decline is expected as long as 0.8923 resistance holds. On the downside, break of 0.8776 will resume the fall from...
Microsoft (MSFT) Q4 earnings report 2024
Microsoft CEO Satya Nadella speaks during the company's Build developer conference in Seattle on May 21, 2024.Jason Redmond | AFP | Getty ImagesMicrosoft is scheduled to report fiscal fourth-quarter earnings after U.S. market close on Tuesday.Here's what analysts...
Euronext announces cancellation of 2.87M repurchased shares
Pan-European market infrastructure Euronext today announced the cancellation of 2,870,787 ordinary shares. The cancellation follows the completion of Euronext’s €200 million share repurchase programme on 3 January 2024. The cancellation of the ordinary shares is in...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 153.25; (P) 153.80; (R1) 154.58; More… Intraday bias in USD/JPY stays neutral at this point. Further decline is in favor as long as 155.36 support turned resistance holds. On the downside, decisive break of 151.89 resistance turned support will...
Movement Labs to Enhance Liquidity and Community of MoveVM-Based L2 Chains with AggLayer
Darius Baruo Jul 30, 2024 16:30 Movement Labs announces integration of MoveVM-based L2s with AggLayer, aiming to unify liquidity and user bases across aggregated chains. Movement Labs has unveiled a strategic...
RBI, BFSI News, ET BFSI
MUMBAI: The digital decade has triggered a major shift in jobs in the financial sector. With most clerical work being automated, middle and lower-end jobs are disappearing. The ratio of officers to support staff has changed from 50:50 in FY11 to 74:26 in FY23 (see...
CrowdStrike shares plunge 11% on report that Delta may seek damages
Sopa Images | Lightrocket | Getty ImagesCrowdstrike shares fell tumbled% on Tuesday to their lowest level of the year following a report that Delta Airlines hired prominent attorney Davide Boies to seek damages from the security software vendor.Crowdstrike fell $28.98...
AUD/USD Outlook: Holds in Extended Consolidation Above Strong Supports
AUDUSD remains in extended consolidation around the base of thick daily cloud (0.6538), and above pivotal Fibo support at 0.6528 (61.8% of 0.6362/0.6798), following a steep fall in past nine days. Bears are taking a breather on stretched daily studies, but remain in...
Braced for BoJ & Fed combo :: InvestMacro
USDJPY could see extreme volatility this weekOver past year BoJ decision triggered moves of ↑ 1.1%Fed decision sparked moves of ↑ 0.6% & ↓ 1.3% over past yearBloomberg FX model: 77% USDJPY – (151.30 – 157.99)Key technical level – 155.00A super central bank combo...
It’s important to learn his ‘basic lesson’ from the recent Microsoft outage, ET BFSI
India's nodal cyber security agency Cert-IN has warned organisations about hacking attacks related to the recent CrowdStrike outage that brought down 8 million-plus Microsoft Windows machines across the world. "There are reports of an ongoing phishing campaign...
Blast Data Now Accessible on Arkham Platform
Caroline Bishop Jul 30, 2024 15:14 Arkham has announced the integration of Blast data, allowing users to explore wallets, DeFi protocols, and set real-time alerts on the platform. Arkham Intelligence has...
RBI’s measures for non-bank PSOs, ET BFSI
The Reserve Bank of India (RBI) on Tuesday released master directions on Cyber Resilience and Digital Payment Security Controls for non-bank Payment System Operators (PSOs).As per the RBI circular, the PSO shall formulate a Board approved Information Security policy...
Perplexity AI to share revenue with publishers after plagiarism accusations
Perplexity AI on Tuesday debuted a revenue-sharing model for publishers, after more than a month of plagiarism accusations. Media outlets and content platforms like Fortune, Time, Entrepreneur, The Texas Tribune, Der Spiegel and WordPress.com are the first to join the...
US consumer confidence rises to 100.3, staying in narrow range prevails over two years
US Conference Board Consumer Confidence rose from 97.8 to 100.3 in July, above expectation of 99.8. Present Situation Index fell from 135.3 to 133.6. But Expectations Index rose from 72.8 to 78.2. Nevertheless, Expectations reading below 80 usually signals a recession...
Capitolis launches fast-track Novations technology
Capitolis, a technology company creating safer and more vibrant capital markets, announced it has successfully launched its fast-track Novations technology with the execution of a same day tear-up. Reaching this milestone—the first of its kind in the FX options...
Meta reaches $1.4 billion settlement in Texas biometric data suit over Facebook
Meta's CEO Mark Zuckerberg attends the Senate Judiciary Committee hearing on online child sexual exploitation at the U.S. Capitol in Washington, U.S., January 31, 2024. Evelyn Hockstein | ReutersMeta agreed to pay $1.4 billion to settle a lawsuit by the state of Texas...
New charges, late payment fee, bill payment rules, and more, ET BFSI
HDFC Bank has made some important changes regarding terms and charges for its credit card customers. These changes are effective from August 1, 2024, as per the HDFC Bank website.New HDFC Bank credit card fees, charges applicable from August 1, 2024Rental...
Is BoE Really Close to Announcing a Rate Cut?
BoE meets on Thursday with a rate cut firmly on the cards Data has been positive but doves in control of the committee Pound could suffer on Thursday but still favoured against the euro Rate announcement at 11.00 GMT with the press conference held 30 minutes later The...
Highest class will include snacks, W-Fi, bags
A Spirit commercial airliner prepares to land at San Diego International Airport in San Diego, California, U.S., January 18, 2024. Mike Blake | ReutersFree Wi-Fi? Free checked bag? Free snacks? On Spirit?The Florida-based carrier that is practically synonymous with...
Amazon responsible for faulty goods sold on its marketplace: CPSC
Packages move along a conveyor belt at an Amazon Fulfillment center on Cyber Monday in Robbinsville, New Jersey, on Nov. 28, 2022.Stephanie Keith | Bloomberg | Getty ImagesFederal regulators have determined that Amazon can be held responsible for defective goods sold...
Binance Launchpool to Integrate DeFi BNB Assets with Web3 Wallet
Jessie A Ellis Jul 30, 2024 14:28 Binance extends DeFi BNB Assets support to its Web3 Wallet, enhancing the BNB ecosystem. New integrations include liquid staking tokens and more. Binance, a leading...
Two tornado scientists take us inside the real world of storm chasing :: InvestMacro
By Yvette Richardson, Penn State and Paul Markowski, Penn StateScientists in a truck outfitted with instruments race toward a storm.National Severe Storms Lab/NOAAStorm-chasing for science can be exciting and stressful – we know, because we do it. It has also been...
Sunset Market Commentary – Action Forex
Markets A slew of European data hit the wires today and after wrapping up this report some more are scheduled for release in the US (JOLTS, consumer confidence). GDP Q2 growth numbers were due in Hungary and the Czech Republic (see below), in core countries including...
Sundaram Home Finance steadily increasing presence outside South India: MD, ET BFSI
Chennai, Sundaram Home Finance is in the process of steadily increasing its presence outside the southern parts of the country, a top official of the company has said. The company, a wholly-owned subsidiary of Sundaram Finance Ltd, has registered a 16 per cent...
Shapiro, Harris VP contender, has tax filing event with Yellen
Josh Shapiro speaks at his swearing in as Governor of Pennsylvania at the State Capitol Building on January 17, 2023 in Harrisburg, Pennsylvania.Mark Makela | Getty ImagesPennsylvania Gov. Josh Shapiro will join Treasury Secretary Janet Yellen to announce that...
Bitcoin (BTC) May Pause After Recent Surge, Says Bitfinex Alpha
Tony Kim Jul 30, 2024 14:13 Bitcoin (BTC) hit $70,000 on Bitfinex on July 29, recovering over 30% from its July 5 low. Bitfinex Alpha suggests a potential market pause. Bitcoin (BTC) experienced a significant...
Major indices are higher in early US trade. AMD, MIcrosoft, Starbucks and Pinterest report
The major indices are higher in early US trade. After the close AMD, Microsoft, Starbucks, and Pinterest report earnings. Microsoft shares are trading up $2.15 or 0.50% in early trading.A snapshot of the market 12 minutes into the open is showing: Dow Industrial...
JetBlue shares jump after surprise profit in second quarter
A JetBlue Airways plane takes off from the Fort Lauderdale-Hollywood International Airport on January 31, 2024 in Fort Lauderdale, Florida.Joe Raedle | Getty ImagesJetBlue Airways shares jumped more than 17% on Tuesday after the airline posted a surprise profit and...
RBI releases master direction for wilful and large loan defaulters, ET BFSI
The Reserve Bank of India (RBI) on Tuesday released a Master Direction on the treatment of wilful defaulters and large defaulters, providing a framework to handle cases of loan defaults. This directive, effective 90 days from the publication, is applicable to all...
NAGA CCO Sam Chaney departs
FNG has learned that more executive moves are afoot at Retail FX and CFDs broker NAGA Group (ETR:N4G), ahead of NAGA’s pending acquisition by rival Capex.com. The latest NAGA executive to leave is Sam Chaney, NAGA’s Chief Commercial Officer (CCO). Sam Chaney joined...
Quiet Forex Trading with Dollar Leading, AUD/JPY at Make-or-Break Level
Overall trading in the forex markets remained relatively subdued today. Dollar continues to hold the top position, despite the absence of clear follow-through buying momentum. Investor caution is also evident in US stock futures, which are moving within a tight range....
This private bank revises interest rates on fixed deposits, ET BFSI
RBL Bank has revised the interest rates of fixed deposits for amounts below Rs 3 crore. The revised FD interest rates are effective from July 29, 2024. The bank has also revised savings account interest rates. The new rates are effective July 1, 2024.Up to 8% FD rate:...
Ex-Banker Ordered to Disgorge $3 Million in Illegal Insider Trading Profits
Lawrence Jengar Jul 30, 2024 13:13 A former banker has been ordered to return $3 million in illegal gains from insider trading, according to the Securities and Futures Commission. A former banker has been...
Merck (MRK) earnings Q2 2024
The exterior view of the entrance to Merck headquarters in Rahway, New Jersey, on Feb. 5, 2024.Spencer Platt | Getty ImagesMerck on Tuesday reported second-quarter revenue and adjusted earnings that topped Wall Street's expectations as it saw strong sales from its...
Russia considers legalizing crypto as a form of payment amid sanctions
Illustrative image of two commemorative bitcoins seen in front of the national flag of Russia displayed on a computer screen.Artur Widak | Nurphoto | Getty ImagesRussia is considering legalizing the use of cryptocurrency for international payments as the country faces...
Has Rally in GBPCAD Peaked?
GBPCAD stabilizes near 3-year high, at the top of a bullish channel Technical signals flag weaker sessions ahead; bears eye 1.7700 level GBPCAD is in the fifth week of gains, having exponentially risen to 1.7849 last week– the highest level reached since March 2021....
Oil prices fell to June lows. Traders are waiting for Australian inflation data :: InvestMacro
By JustMarketsAt the end of Monday, the Dow Jones (US30) decreased by 0.12%, while the S&P 500 (US500) was up 0.08%. The NASDAQ Technology Index (US100) closed positive 0.07%. The broad market rose on Monday and extended last Friday’s rally on expectations of a...
Sanjay Shukla assumes charge as MD of National Housing Bank, BFSI News, ET BFSI
New Delhi, The National Housing Bank on Tuesday said Sanjay Shukla has assumed the charge of Managing Director following an approval from the government. Prior to this, Shukla served as the Managing Director & CEO of Centrum Housing Finance Ltd (CHFL) since...
Boeing, Airbus orders muted amid supply chain woes
An Airbus A321 flies at the Farnborough International Airshow, in Farnborough, Britain, July 22, 2024.Toby Melville | ReutersFARNBOROUGH, England — Massive airplane orders, hundreds deep in recent years, were absent from this year's biggest air show. The focus instead...
FM Nirmala Sitharaman responds to INDIA bloc’s questions in Lok Sabha, ET BFSI
The Union Budget 2024 infuses in itself everything that would lead India to the path of becoming 'Viksit Bharat', Union Finance Minister Nirmala Sitharaman said as she answered the questions raised by the Opposition INDIA bloc in Lok Sabha on Tuesday."This Budget...
EURJPY Stubbornly Fights for An Upturn
EURJPY remains resilient above pivotal territory Some recovery likely, but short-term risk not bullish yet Eurozone Q2 GDP growth +0.3% q/q vs +0.2% q/q expected EURJPY is making another attempt to pierce through the 168.00 level and the support-turned-resistance...
Bitfinex to List Ethereum-Based Memecoin TURBO
Peter Zhang Jul 30, 2024 12:13 Bitfinex announces the listing of Turbo (TURBO), an Ethereum-based memecoin created with ChatGPT, with trading set to commence on August 1, 2024. Bitfinex, a leading digital asset...
Daimler India partners with Bajaj Finance to offer comprehensive finance solutions, ET BFSI
Chennai, Daimler India, a subsidiary of German truck manufacturer Daimler Truck AG, has partnered with Bajaj Finance, part of the Bajaj Finserv Group, to offer comprehensive financing solutions to customers. The collaboration between the two entities aims to enhance...
BGC registers 11.7% Y/Y growth in revenues in Q2 2024
BGC Group, Inc. (NASDAQ:BGC) today reported its financial results for the quarter ended June 30, 2024. BGC’s revenues grew by 11.7 percent to $550.8 million, representing record second quarter revenues and reflecting broad-based growth across all geographies. BGC...
Generative AI in Education: Real-Life Examples and Benefits
Artificial intelligence made machines capable of understanding like humans. The arrival of generative AI ensured that machines could also talk to us like a friend, colleague or partner. The benefits of generative AI in education and many other sectors have drawn...
Procter & Gamble (PG) Q4 2024 earnings
Procter & Gamble on Tuesday reported mixed quarterly results, but the company's volume increased for the first time in more than two years.Volume excludes pricing, making the metric a more accurate reflection of demand than sales. Over the last several years,...
Liquidity tightness to continue in the near term, how will banks fare? Gaurav Kochar answers, ET BFSI
Gaurav Kochar, Fund Managers, Mirae Asset Investment, says for banks with very strong liability franchises, large private banks, the large PSU banks, deposit mobilisation is not that big a challenge. While the challenge is real for all banks, but the larger banks...
WTI Oil: At the Risk of Further Drop to Retest Major Range Support of US$73.15-71.35/Barrel
Citigroup Economic Surprise Indices across the different regions (except for Latin America) on average are suggesting lackluster economic growth. US crude oil inventories (excluding SPR) are showing signs of a build-up. Technical factors are suggesting further...
Neuralink rival Synchron offers thought control with Apple Vision Pro
Mark uses the Vision Pro with his BCICourtesy of SynchronNeurotech startup Synchron on Tuesday announced it has connected its brain implant to Apple's Vision Pro headset. It's now possible for patients with limited physical mobility to control the device using only...
RBI can’t ignore the costs of everyday items as PM Modi’s economic adviser suggested, ET BFSI
A top Indian government adviser’s suggestion that policymakers cut out volatile food prices while targeting inflation met with skepticism from many economists, who say it’s inappropriate to ignore the costs of everyday items that consumers can’t do without.The...
NZD/USD Sinks to Three-Month Minimum, Driven by Rate Speculation and Strengthening USD :: InvestMacro
By RoboForex Analytical DepartmentThe NZD/USD pair plummeted to 0.5892, marking a significant three-month low. The New Zealand dollar remains under pressure as the US dollar gains strength due to the start of the Federal Reserve’s two-day meeting.The Fed is expected...
NZD/USD Sinks to Three-Month Minimum, Driven by Rate Speculation and Strengthening USD
The NZD/USD pair plummeted to 0.5892, marking a significant three-month low. The New Zealand dollar remains under pressure as the US dollar gains strength due to the start of the Federal Reserve’s two-day meeting. The Fed is expected to leave the interest rate in the...
AMD Instinct MI300X Accelerators Boost Performance for Large Language Models
James Ding Jul 30, 2024 11:50 AMD's MI300X accelerators, with high memory bandwidth and capacity, enhance the performance and efficiency of large language models. AMD's latest innovation, the Instinct MI300X...
Pfizer (PFE) earnings Q2 2024
Kena Betancur | Corbis News | Getty ImagesPfizer on Thursday reported second-quarter revenue and adjusted earnings that blew past expectations and raised its full-year outlook, benefiting from its broad cost-cutting program, better-than-expected sales of its Covid...
Foreign investors unhappy after India restores curbs on some bond purchases, ET BFSI
By Dharamraj DhutiaMUMBAI - Foreign investors see India's decision to return to curbs on purchases of some government securities as a flip-flop in policy that may force them to redraw investment strategies, global fund managers said on Tuesday.Such limits were dropped...
RBI imposes penalties on 3 payment system operators including Visa Worldwide, ET BFSI
NEW DELHI: The Reserve Bank of India has imposed penalties on three payment system operators, namely Visa Worldwide, Ola Financial Services, and Manappuram Finance, for the companies failure to adhere to regulatory compliance.Visa Worldwide Pte Limited has been fined...
Alphabet partnership with AI firm Anthropic probed by UK regulator
In this photo illustration, the Alphabet Inc. logo seen displayed on a smartphone screen and the Google logo in the background. Jaque Silva | Lightrocket | Getty ImagesBritain's competition regulator on Tuesday said that it is investigating to see if Google parent...
Leonardo.Ai Joins Forces with Canva to Revolutionize AI Creativity
Lawrence Jengar Jul 30, 2024 10:51 Leonardo.Ai partners with Canva to enhance AI-driven creativity, aiming to scale research and introduce new features for creators. Leonardo.Ai is set to supercharge its...
Short seller Andrew Left surrenders on securities fraud charges
Andrew Left, founder and CEO of Citron Research.Adam Jeffery | CNBCThe activist short seller Andrew Left surrendered in Los Angeles on Monday to face federal criminal securities fraud charges, a spokesman for the U.S. Attorney's Office there said.Left, 54, is...
GBP/USD Stalls as Bulls and Bears Clash Ahead of Central Bank Meetings
The GBP/USD pair is currently experiencing a standoff between bulls and bears, with the pair clinging to support at the 1.2850 level. The upcoming Federal Reserve and Bank of England policy meetings are adding to market uncertainty, with the odds of a BoE rate cut...
Novo Nordisk GLP-1 liraglutide may slow Alzheimer’s progression
A box of the drug Victoza, made by Novo Nordisk Pharmaceutical, sits on a counter at a pharmacy in Provo, Utah, January 9, 2020.George Frey | ReutersAn older, once-daily drug for diabetes and obesity from Novo Nordisk called liraglutide may slow the progression of...
Former China CITIC Bank International exec deputy general manager to disgorge $3M in gains from insider dealing
The Securities and Futures Commission (SFC) of Hong Kong announces that the Market Misconduct Tribunal (MMT) has ordered Mr Wu Kam Shing, a former executive deputy general manager of China CITIC Bank International Limited, to disgorge close to $3 million in ill-gotten...
August 2024 Bank Holidays: Banks closed up to 13 days
August 2024 Bank Holidays: In August, banks across India, both public and private, will be closed for up to 13 days, including Sundays, national and regional holidays, and the second and fourth Saturdays of the month.Various festivals will be celebrated in different...
Conflux (CFX) Network Prepares for v2.4.0 Hardfork Upgrade
Jessie A Ellis Jul 30, 2024 10:27 Conflux (CFX) Network announces v2.4.0 hardfork upgrade. Nodes must be updated before Epoch 101900000, estimated between August 5-6, 2024. The Conflux (CFX) Network is set to...
CADJPY: Trade of the Week
The Canadian Dollar (CAD) weakened on Monday as it lagged behind the strengthening US Dollar ahead of the Federal Reserve’s rate decision. This week, the CAD is underrepresented on the economic calendar, making it susceptible to broader market movements and central...
Biden’s exit highlights age of U.S. politicians
President Joe Biden, age 81, ended his 2024 reelection bid as concern for his vitality mounted within the Democratic Party."There are cognitive issues," said former Senator Bob Kerry, D-Neb., in a July interview with CNBC.The issue of aging lawmakers in the U.S....
CySEC fines Exelcius Prime – FX News Group
The Cyprus Securities and Exchange Commission (CySEC) has imposed a fine of €3,500 on Exelcius Prime Ltd. The decision, which was announced today, was made at a CySEC meeting held on June 17, 2024. The fine stems from the firm’s non-compliance with: Section 58(d) of...
Digital interconnectedness can lead to systemic risks, says RBI governor Shaktikanta Das, ET BFSI
RBI governor Shaktikanta Das has warned that increased digital interconnectedness can lead to systemic risks even as he counted the strides made in the financial sector due to increased digitalisation."Digitalisation also presents challenges related to cybersecurity,...
Investor moves court over Sebi waiver for ICICI Sec delisting, ET BFSI
An investor in ICICI Securities has moved the Bombay High Court, contesting the Securities and Exchange Board of India's decision to grant parent ICICI Bank relaxation from rules on delisting the broking firm.Aruna Modi, a shareholder of ICICI Securities, said in a...
Swiss KOF falls to 101, signals moderate growth ahead
Swiss KOF Economic Barometer fell from 102.7 to 101.0 in July, missing the expected 102.6. This drop indicates that the Swiss economy is likely to continue growing at a “rather moderate pace” in the near future, according to KOF. The decline, while not unanimous...
NVIDIA CEO Jensen Huang Predicts Ubiquitous AI Assistants at SIGGRAPH 2024
Rongchai Wang Jul 30, 2024 09:37 NVIDIA CEO Jensen Huang forecasts a future where AI assistants are ubiquitous, discussing the advancements in generative AI and accelerated computing at SIGGRAPH 2024. NVIDIA CEO...
RBI’s new Regulatory Sandbox includes tech for enhancing credit access to streamlining KYC, ET BFSI
The Reserve Bank had announced opening of the Fifth Cohort (Theme Neutral) under Regulatory Sandbox. It has received 22 applications of which five have been selected for the ‘Test Phase’. The entities, as per details below, shall commence testing of their solutions...
ATFX secures Hong Kong SFC License
ATFX, a leading global CFD broker, has announced that the company has been granted a Type 3 license from the Hong Kong Securities and Futures Commission (SFC) (Central Entity Number: BUM667). The company said that this significantly enhances ATFX’s services in the...
Harris VP names Shapiro, Kelly, Walz, Buttigieg can raise big money
U.S. Vice President Kamala Harris delivers remarks during a campaign event at West Allis Central High School, in West Allis, Wisconsin, U.S., July 23, 2024. Vincent Alban | ReutersPennsylvania Gov. Josh Shapiro will rub elbows this week with a group of Vice President...
Eurozone GDP grows 0.3% qoq in Q2, above expectation 0.2% qoq
Eurozone GDP grew 0.3% qoq in Q2, better than expectation of 0.2% qoq. EU GDP also grew 0.3% qoq. Comparing with the same quarter a year ago, Eurozone GDP grew 0.6% yoy while EU grew 0.7% yoy. Among the Member States for which data are available , Ireland (+1.2%)...
The clerks are going missing in this digital decade, ET BFSI
The financial sector is undergoing significant changes due to advancements in digital technology. Since the onset of the digital decade, automation has increasingly replaced clerical work, resulting in a decline of middle and lower-end jobs. This shift has impacted...
“Deadpool & Wolverine” sets new direction
Robert Downey Jr. speaks onstage during the Marvel Studios Panel in Hall H at SDCC in San Diego, California on July 27, 2024.Jesse Grant | Getty Images Entertainment | Getty ImagesEditor's note: This article contains spoilers for "Deadpool & Wolverine."Marvel is...
India’s digital economy poised to constitute 1/5th of GDP by 2026: RBI report, ET BFSI
Mumbai, India's digital economy is poised to constitute a fifth of GDP by 2026 from one-tenth at present, according to a Reserve Bank report released on Monday. In the foreword of 'Report on Currency and Finance (RCF) for the year 2023-24', Reserve Bank Governor...
US 100 Index Stops at Uptrend Line; Positive Risks Not Faded Yet
US 100 heads up, standing beneath short-term rising trend line Stochastics point north above oversold region RSI ticks higher below 50 level The US 100 (cash) index had a strong pullback off the 18,715 support, failing to extend its dive from the all-time high of...
MAS reprimands RVP One for breaches of Securities and Futures Regulations
The Monetary Authority of Singapore (MAS) has reprimanded RVP One Pte. Ltd, a registered fund management company (RFMC), and its chief executive officer (CEO) and director, Mr Viktor Panisch, for breaches of the Securities and Futures (Licensing and Conduct of...
Apple says its AI models were trained on Google’s custom chips
Sundar Pichai and Tim CookSource: Reuters; AppleApple said on Monday that the artificial intelligence models underpinning Apple Intelligence, its AI system, were pretrained on processors designed by Google, a sign that Big Tech companies are looking for alternatives...
Gala Games Announces New $GALA Competition Starting July 30th
Alvin Lang Jul 30, 2024 08:37 Gala Games has announced a new competition for Common Ground World, offering $GALA rewards. The event begins on July 30th, 2024, and runs for three days. Gala Games has announced an...
Rupee flat; interbank paying lifts forward premiums ahead of Fed meet, ET BFSI
By Jaspreet KalraMUMBAI, -The Indian rupee was little changed on Tuesday supported by mild dollar sales from state-run banks, while sustained interbank paying interest helped dollar-rupee far forward premiums hold near a six-month high.The rupee was nearly flat at...
Trump wavers on Harris debate, says he could ‘make a case’ to skip it
Republican presidential nominee Donald Trump said Monday that while he "probably" will debate Vice President Kamala Harris, he "could also make a case" for avoiding a face-to-face confrontation with his likely Democratic opponent.Trump, in a Fox News interview that...
New tech has led to increase in fraudulent apps & mis-selling: RBI, ET BFSI
The Reserve Bank of India (RBI) on Monday said that emerging technology has led to proliferation of fraudulent apps and mis-selling. Fintech firms still face significant challenges in counterparty credit risk assessment despite significant footprint expansion, the...
Executives address value and prices
A McDonald's fast-food restaurant in Manhattan, New York, on July 6, 2024.Beata Zawrzel | Nurphoto | Getty ImagesAfter a challenging second quarter, McDonald's executives told restaurant operators and analysts they are refocusing on how to recapture consumers with...
GBPUSD Extends Pullback From 1-Year High
GBPUSD declines steadily from 1-year high The bears eye the 50-day SMA as next target Momentum indicators ease but remain positively tilted GBPUSD had been on the rise following its bounce off the 50-day simple moving average (SMA) in late June. Although the pair...
Delta hires David Boies to seek damages from CrowdStrike, Microsoft
Delta Air Lines has hired prominent attorney David Boies to seek damages from CrowdStrike and Microsoft following an outage this month that caused millions of computers to crash, leading to thousands of flight cancellations.CrowdStrike shares fell as much as 5% in...
TradingView adds Trade Nation to list of integrated brokers
TradingView today welcomed Trade Nation, a newly integrated broker within the TradingView trading ecosystem. Established in 2014, Trade Nation is founded on three core principles: delivering the best deals, fostering trust, and providing powerful tools. The broker...
NVIDIA Introduces NIM Microservices to Enhance Generative AI in Digital Environments
Alvin Lang Jul 30, 2024 07:08 NVIDIA unveils new NIM microservices and Metropolis reference workflow at SIGGRAPH to advance generative physical AI in various industries. NVIDIA has announced significant...
Annual employment generation in MSMEs spikes, 20.51 crore jobs created in 4 years, ET BFSI
Annual employment generation in MSMEs spikes, 20.51 crore jobs created in 4 yearsA total of 20.51 crore jobs are reported by MSMEs on the Udyam Registration Portal and Udyam Assist Platform, said the Union Minister of Micro, Small and Medium Enterprises Jitan Ram...
Sebi proposes to widen definition of relatives in insider trading rules, ET BFSI
Mumbai: The Securities and Exchange Board of India (Sebi) has proposed to expand the definition of relatives under insider trading rules. The regulator has proposed to substitute immediate relative with relative to cover a wider group of family members. It said...
Fake news headline – Elon Musk says he doesn’t like crypto all that much.
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 30 July 10am New York cut
There are a couple to take note of, as highlighted in bold.The first one being for USD/JPY at the 155.00 mark. It's a key area where offers are also lined up, so the expiries will add to a bit of resistance in preventing any major upside extension in the session...
WeRide expands globally as transportation industry adopts AI
BEIJING, CHINA - JULY 11: People take photos of WeRide Robobus, a fully-driverless shuttle capable of SAE Level 4 autonomous driving, at Beijing High-level Autonomous Driving Demonstration Area on July 11, 2024 in Beijing, China. (Photo by Jia Tianyong/China News...
Diamond Sports, Comcast reach a cable deal for Bally regional sports
A Bally Sports display is shown in the eighth inning of the game between the MLB's Houston Astros and Minnesota Twins at Target Field in Minneapolis, Minnesota, on April 9, 2023.David Berding | Getty Images Sport | Getty ImagesBally Sports regional channels are...
Kamala Harris fundraiser White Dudes for Harris
Democratic presidential candidate, U.S. Vice President Kamala Harris speaks to supporters during a campaign rally at West Allis Central High School on July 23, 2024 in West Allis, Wisconsin. Jim Vondruska | Getty ImagesA "White Dudes for Harris" online fundraising and...
Dollar Holds Firm Against Euro in Quiet Trading, Cautious Sentiment Prevails
Dollar remains firm against European majors in relatively quiet trading today. Despite slightly better-than-expected GDP data from France, Euro has not gained significant support. While today’s Eurozone GDP and tomorrow’s CPI flash are important, they are unlikely to...
NVIDIA Unveils fVDB Framework for Enhanced Digital World Models
Ted Hisokawa Jul 30, 2024 07:40 NVIDIA introduces fVDB, a deep-learning framework for creating AI-ready virtual representations, enhancing applications in autonomous vehicles, climate science, and smart cities. ...
USD/JPY Looking for Direction – Action Forex
The Japanese yen continues to show volatility but has closed right where it started over the past few sessions. USD/JPY is trading at 153.65 in the European session, up 0.04% on the day. The yen is coming off an excellent week, surging 2.3% against the US dollar....
Banks told to speed up IBC resolutions, BFSI News, ET BFSI
NEW DELHI: Taking strong exception to slow action under the Insolvency & Bankruptcy Code (IBC), govt has started monitoring the top 20 cases, while also asking bank chiefs to closely follow the top 20 cases with their banks. This has led to movement in Jaiprakash...
USD/JPY Technical: Potential Mean Reversion Rebound in Progress Above 200-day MA
Last week’s drop of 2.8% seen in the USD/JPY has almost reached a key support of 151.70. An overstretched decline with high volatility on top of an oversold condition increases the odds of a mean reversion rebound scenario for USD/JPY. Watch the potential upside...
US Fed interest rate decision, Q1 earnings to drive stock markets this week: Analysts, ET BFSI
New Delhi: The US Fed interest rate decision, ongoing quarterly earnings, macroeconomic data and FII trading activity are the major triggers that will drive stock markets this week, analysts said. Investors would also track global market trends and the movement in...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0843; (P) 1.0855; (R1) 1.0869; More….. EUR/USD’s fall from 1.0947 resumed by breaking 1.0825 temporary low and intraday bias is back on the downside. Sustained break of 55 D EMA (now at 1.0815) will argue that whole rebound from 1.0601 has...
Mt. Gox Bitcoin Distribution Underway After a Decade-Long Legal Battle
Zach Anderson Jul 29, 2024 17:50 Mt. Gox begins Bitcoin distribution to creditors after a decade, marking a significant event in crypto history. After more than a decade of legal proceedings, the long-awaited...
PSU banks may get another 2-year extension to comply with MPS norms, ET BFSI
New Delhi, Public sector banks are expected to get another two-year extension to comply with Sebi's minimum public shareholding (MPS) norms, a top government official has said. Out of 12 public sector banks (PSBs), five are yet to comply with MPS norms and the...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2851; (P) 1.2866; (R1) 1.2883; More… GBP/USD’s fall from 1.3043 extends lower today and intraday bias is back on the downside with break of 1.2859 resistance turned support. Decisive break of 55 D EMA (now at 1.2776) will suggest that rise from...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8812; (P) 0.8828; (R1) 0.8853; More… No change in USD/CHF’s outlook and intraday bias stays neutral for consolidations above 0.8776 temporary low. Further decline is expected as long as 0.8923 resistance holds. On the downside, break of 0.8776...
FPIs invest Rs 33,600 cr in equities in July amid continued policy reforms, good earnings season, ET BFSI
Foreign investors injected over Rs 33,600 crore into Indian equities so far this month on the expectation of continued policy reforms, sustained economic growth and a better-than-expected earnings season. However, they pulled out over Rs 7,200 crore from equities in...
Apple releases Apple Intelligence, its long-awaited AI features
Apple Intelligence introduced during Apple's WWDC 2024 in Cupertino, California, on June 10, 2024.Source: Apple Inc.Apple on Monday released the first version of Apple Intelligence, its suite of artificial intelligence features that will improve Siri, automatically...
AT&T sued over nude images from customer phone
Juyochi | Istock | Getty ImagesWireless providers including T-Mobile, AT&T and Verizon have faced a string of lawsuits in recent years from women who allege retail employees stole intimate images or videos from their phones while helping them with in-store data...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 152.96; (P) 153.85; (R1) 154.59; More… No change in USD/JPY’s outlook and intraday bias remains neutral for consolidation above 151.93. Further decline is expected as long as 155.36 support turned resistance holds. On the downside, decisive break of...
Bit5ive principal Richard Acosta banned for five years by NFA
The U.S. National Futures Association (NFA) has announced that it has ordered Richard Alexander Acosta to not apply for NFA membership status for five years, and not to act as a principal of an NFA Member for seven years. Acosta is a former NFA Associate and a...
Indian banks record 15 pc credit growth, surpassing 13pc deposit growth in FY24: BCG report, ET BFSI
New Delhi [India], July 29 (ANI): Unified Payments Interface (UPI) transactions experienced substantial growth, increasing by 57 per cent YoY in FY24. Within this segment, PhonePe and Google Pay dominated, holding a combined market share of 86 per cent, according to...
Trump agrees to victim interview as FBI searches for shooter’s motive
TOPSHOT - Former US president and Republican presidential candidate Donald Trump touches his injured ear during a sound check on the third day of the 2024 Republican National Convention at the Fiserv Forum in Milwaukee, Wisconsin, on July 17, 2024. Andrew...
USDJPY Struggles to Reclaim 20-Period SMA
USDJPY caught in a battle to overcome 20-period SMA Near-term momentum is positive but weak Bulls face an uphill struggle to regain control USDJPY has started the week on a somewhat positive note but it’s proving difficult for the bulls to secure the upper hand as a...
White Matter Advisory acquires 90% stake in Fairexpay
The acquisition of Fairexpay represents a natural extension of White Matter Advisory's strategic vision. This deal aligns perfectly with the company’s goal to expand its capabilities in the fintech space, leveraging their expertise to reduce costs by 3-5%, the company...
‘Deadpool and Wolverine’ box office opening tops $205 million
Hugh Jackman and Ryan Reynolds star in Marvel's "Deadpool and Wolverine."DisneyMarvel is back on top."Deadpool & Wolverine" shattered box office records this weekend, tallying $205 million in domestic ticket sales during its opening, the highest debut of 2024 and...
UK finance chief says public finances show $28 billion spending hole
Britain's Finance Minister Rachel Reeves has pledged to make the "necessary", "urgent" and "incredibly tough" choices to restore the country's economic stability.Pool | Getty Images News | Getty ImagesBritain's Finance Minister Rachel Reeves on Monday announced a raft...
Key Euro Area Data Overshadowed by Developments Elsewhere
Fed meeting and Middle East developments in the foreground Tuesday’s eurozone GDP figures could produce a surprise Wednesday’s inflation report unlikely to unsettle ECB expectations Euro remains under pressure against the pound Fed meeting overshadows key Euro area...
AFCA updates on Latitude Financial Group cyber-attack
The Australian Financial Complaints Authority (AFCA) has provided an update to people with complaints concerning the Latitude Financial Group cyber-attack. Latitude was subject to a cyber-attack in March 2023 that resulted in the theft of personal information. The...
IDFC FIRST Bank Q1 FY 25 PAT at Rs. 681 Crores, Core Operating Profit up 30.2 per cent YOY, ET BFSI
NewsVoirMumbai (Maharashtra) [India], July 29: The Board of Directors of IDFC FIRST Bank, in its meeting held today, approved the unaudited financial results for the quarter ended June 30, 2024.Deposits & BorrowingsTotal Deposits of the Bank increased by 35.8% YOY...
Will BoJ Raise Rates at this Policy Meeting?
BoJ may shake the market with a rate hike The bank plans to unveil a strategy to roughly halve bond Yen recoups some losses with notable bullish correction Decision is due on Wednesday at 03:00 GMT Will BoJ hike rates on Wednesday? At its next meeting, the Bank of...
Executives say prices are too high
A McDonald's Big Mac meal.Lauren Decicca | Getty ImagesMcDonald's executives acknowledged Monday that diners consider the company's prices too high as lower-income consumers balk after years of high inflation.During the company's second-quarter earnings call Monday,...
FCA asks for input on how it can refine retail conduct rules
The UK Financial Conduct Authority (FCA) is asking for input on whether, where and how it can refine its retail conduct rules. The FCA particularly wants to address potential areas of complexity, duplication, confusion, or over-prescription, which create regulatory...
Nikkei rebounds on short covering, but downside threats remain
Nikkei rebounded strongly during Asian session, closing up by more than 800 points or 2.13%. This marked the index’s first day of gains in nine sessions, following a three-month low last week. The stabilization in US tech stocks on Friday helped calm investor...
Concerns over rupee overblown, stable currency benefits equities and exports: Morgan Stanley, ET BFSI
Morgan Stanley has said that investor concern over INR is overblown and a cheap but stable currency benefits both equities and exports.While fundamentals remain strong, the RBI should keep INR competitive, it said."The long INR consensus has reversed recently after...
Family offices give staff equity, profit shares in battle for talent
Thomas Barwick | Digitalvision | Getty ImagesA 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.Family...
Sunset Market Commentary – Action Forex
Markets Today has mostly been a waiting game in the run-up to an economic calendar that shifts into higher gear starting from tomorrow. The were few to no signs of worry about a potential escalation in the Gaza war after Israel retaliated over the weekend on what it...
Oil rises in price amid rising geopolitical tensions in the Middle East. Bitcoin has reached the $70,000 mark :: InvestMacro
By JustMarketsOn Friday, the Dow Jones (US30) Index gained 1.64% (for the week +0.43%), while the S&P 500 (US500) Index gained 1.11% (for the week -1.54%). The NASDAQ Technology Index (US100) closed positive at 1.03% (for the week -3.16%). Market sentiment was...
U.S. airlines cut growth plans for the second half of the year
Airplanes from United and JetBlue and Delta populate the taxiway at Laguardia Airport in the Queens borough of New York City. Bruce Bennett | Getty ImagesU.S. airlines are reducing their capacity through the end of the year in a bid to cool an oversupplied domestic...
REC net profit grows 16 pc, return on net worth up by 19 pc in Q1 FY25, ET BFSI
REC net profit grows 16 pc, return on net worth up by 19 pc in Q1 FY25The Ministry of Power-owned REC Limited has posted a net profit of Rs 3,442 crore, an increase of 16 per cent in the first quarter of the financial year 2025 from the same period last year. Last...
Apple Intelligence AI to release in October: Report
Apple Intelligence capabilities introduced during Apple's WWDC2024 in Cupertino, Calif. on June 10th. 2024.Source: Apple Inc. Apple's new artificial intelligence features will roll out in October, missing the initial launch of iPhone and iPad software updates,...
Dollar Rally Gains Momentum as European Majors Falter
Dollar’s rally is gaining significant traction today, as major European currencies face increasing selling pressure. The break of last week’s lows in both EUR/USD and GBP/USD pairs suggests that the greenback’s rise is poised to extend further in the near term....
A Dive into White Label Solutions Completes Finalto Broker Series
Finalto is pleased to complete its Broker Series whitepapers with a look into white label solutions. The Finalto Broker Series provides detailed insights for brokers on a range of relevant business functions, from tech to compliance. The final edition of the series...
CSB Bank Q1 profit falls 14 pc to Rs 113 crore, BFSI News, ET BFSI
New Delhi, CSB Bank on Monday reported a 14 per cent decline in the June quarter net profit at Rs 113 crore due to an increase in bad loans. The private sector lender had earned a net profit of Rs 132 crore in the year-ago period. However, total income increased to Rs...
USD Analysis: Key Data Releases and Technical Outlook for the Week and intraday. EURUSD
Fundamental Analysis In the absence of high-impact data on Monday, July 29, 2024, market sentiment is focused on the key data releases for the week. First, the Federal Reserve’s interest rate decision is set for Wednesday. While no rate change is expected, any...
Digital technologies are widening gap between capital and labour returns: RBI report, ET BFSI
New Delhi [India], July 29 (ANI): Automation, poses the risk of widening the gap between capital and labour returns, resulting in a fragmented labour market with a dichotomy of low-skill/low-pay and high-skill/high-pay jobs, while middle-tier jobs are increasingly...
Ford, GM, Stellantis face daunting second half of 2024
New Jeep vehicles sit on a Dodge Chrysler-Jeep Ram dealership's lot on October 03, 2023 in Miami, Florida.Joe Raedle | Getty Images News | Getty ImagesDETROIT – The last time shares of Ford Motor dropped by more than 18% in a day, as they did last week, the U.S....
SmallBizLady Summer Reading List 2024 » Succeed As Your Own Boss
It’s Summer, and that means it’s time to grab to good book and grow your expertise. There are many business books that have delivered an array of insightful and actionable reads. Here are a particular set of books that I find valuable for small business owners seeking...
AUD/USD Gains Amid Anticipation for Key Economic Data :: InvestMacro
By RoboForex Analytical DepartmentThe AUD/USD pair is climbing towards 0.6552 on Monday. The Australian dollar is bouncing back from a 12-week low as investors await Australian inflation data.In the past two weeks, the AUD, in the currency pair with the USD, has...
Nikkei rebounds on short covering, but downside threats remain
Nikkei rebounded strongly during Asian session, closing up by more than 800 points or 2.13%. This marked the index’s first day of gains in nine sessions, following a three-month low last week. The stabilization in US tech stocks on Friday helped calm investor...
After Kotak twist & China spies, Hindenburg vs Adani gets murkier as new details emerge in the drama, ET BFSI
After Kotak and the Chinese spy twist, more details have emerged in the Adani-Hindenburg saga. As per the latest details, the US short-seller had shared an advance copy of its report against Adani group with New York-based hedge fund manager Mark Kingdon about two...
RBI amid digital finance surge, ET BFSI
Designing responsible and ethical AI solutions for financial services would necessitate consideration of ten principles - fairness; transparency; accuracy; consistency; data privacy; explainability; accountability; robustness; monitoring and updating; and human...
The upcoming Fed’s Rate-cuts: A Bullish Signal for Bitcoin and other Cryptos?
The upcoming Fed meeting on the 30-31st July has investors and the crypto community on the edge of their seats about the Fed interest rate-cuts in September and its direct impact on cryptocurrencies like Bitcoin. In 2024, we face potential rate cuts, with the...
Bitcoin nears $70,000 as investors digest Trump crypto comments, central bank meetings
Sopa Images | Lightrocket | Getty ImagesCryptocurrencies rose to begin the final week of July as traders digested a slew of political developments that took place over the weekend and looked ahead to central bank meetings this week.Bitcoin was last higher by 2% at...
US 500 Index Bounces Off Long-Term Uptrend Line
US 500 bearish correction in short-term is not enough for retracement Momentum oscillators turn up The US 500 (cash) index rebounded significantly off the long-term ascending trend line and surpassed beyond the 50-day simple moving average (SMA). The bearish correctio...
FSCS starts accepting customer claims against London Court Ltd
The UK Financial Services Compensation Scheme (FSCS) is now open to claims from customers of London Court Ltd. Although FSCS is accepting claims against London Court, they will not be immediately passed to the claims processing teams for assessment. This is because...
Temu, Shein soaring popularity could hit Amazon, Meta, eBay earnings
In just 17 days after launch, Temu surpassed Instagram, WhatsApp, Snapchat and Shein on the Apple App Store in the U.S., according to Apptopia data shared with CNBC.Stefani Reynolds | Afp | Getty ImagesTemu and Shein have exploded in the U.S. by going on an online...
UGRO announces co-lending partnership with SIDBI, ET BFSI
UGRO Capital on Monday announced its strategic co-lending partnership with the Small Industries Development Bank of India (SIDBI). This collaboration will facilitate inclusive growth and socio-economic development across the country by enabling MSMEs to access the...
News of the Week (July 29— August 2): GBPJPY Review
The GBPJPY pair, representing the exchange rate between the British Pound and the Japanese Yen, is a pivotal gauge of economic interactions between the United Kingdom and Japan. The British Pound is influenced by domestic factors such as political stability, financial...
LME lists Jeddah as delivery point for copper and zinc
LME announced today that Jeddah in Saudi Arabia has been approved as a Delivery Point for copper and zinc. The listing will become active three months after the first warehouse company has been approved. Warehouse companies applying for approval in Jeddah will need to...
PSBs set to catch up with private sector banks on key metrics: S&P Global, ET BFSI
India's state-owned banks are set to narrow their performance gap with their private sector peers as they reap the rewards of government reform and the nation's rapid economic growth.The government's decision to merge smaller public sector banks that had weak...
Avg cost of data breaches in India reaches $2.18 mn in 2023, spikes by 28%, ET BFSI
The Reserve Bank of India (RBI) in a report released on Monday highlighted that the average cost of data breaches in India reached $2.18 million in 2023, marking a 28% increase since 2020.However, this is less than the global average cost of data breach.As per the RBI...
GBP/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 196.72; (P) 197.93; (R1) 198.96; More… Intraday bias in GBP/JPY remains neutral for consolidations above 195.84 temporary low. Further decline is expected as long as 202.08 support turned resistance holds. On the downside, sustained trading below...
Solidity in Foundry: Know Everything
Today, Foundry has emerged as one of the most popular development frameworks among blockchain developers. By using Foundry, it is possible to streamline the development as well as the deployment of smart contracts within the Ethereum network. However, it is essential...
Exclusive: Tradition’s ParFX sees 14% decline in 2023 Revenues to $4.8M
FNG Exclusive… FNG has learned via regulatory filings that ParFX, the wholesale electronic spot FX institutional trading venue owned by Compagnie Financière Tradition, saw a 14% decline in Revenues and an even larger drop in profitability in 2023. Revenues at ParFX...
16% uptick in overall outstanding loans in June 2024, 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 June, 2024. Deposit growth picked up yoy and is likely to see further uptick in the current rising interest rate regime. On a...
USD/CAD: Bullish Impulse Calling for Breakout
USDCAD is making a pretty strong rise after the Bank of Canada lowered rates by 25 basis points as expected last week. The price is now testing the major trend line resistance of this triangle on the daily chart, and we are wondering if we can see a breakout, which is...
Changes that can hurt you, measures that can lower your tax, ET BFSI
The Union Budget 2024-25 has completely overhauled the capital gains tax framework. Some measures may hurt badly. Homeowners will no longer get the indexation benefit on sale of property, while gains on sale of stocks and equity funds will now attract a higher tax....
Quad foreign ministers spoke in Tokyo on maritime security, cyber
US Secretary of State Antony Blinken (R) prepares to pose for a group photo with Australia's Foreign Minister Penny Wong (2nd R), Japan's Foreign Minister Yoko Kamikawa (2nd L) and India's Foreign Minister Subrahmanyam Jaishankar (L) at the start of their Quad...
Hit It & Quit It with Steven Pope, Alicia Miller, and Thomas Young » Succeed As Your Own Boss
In this episode, Melinda Emerson introduces guests Steven Pope, Alicia Miller, and Thomas Young. They share old school marketing tips and their favorite business tools. The episode concludes with closing remarks and guest acknowledgements. Steven Pope is the founder...
Gold Bounces Off 50-Day SMA
Gold was retreating from its all-time high But the 50-day SMA prevented further declines Despite latest weakness, oscillators remain neutral-to-positive Gold had been in a strong uptrend since late May, which led to a fresh all-time high of 2,483 on July 17. Although...
HK watchdog warns public of suspicious crypto firm Proxinex
The Securities and Futures Commission (SFC) of Hong Kong today warned the public of an entity operating under the name of Proxinex. Proxinex may be engaged in virtual asset-related fraud. Investors reported difficulties in withdrawing virtual assets from Proxinex, and...
Digitalisation in finance paving way for next-generation banking: RBI Guv, ET BFSI
Mumbai, Digitalisation in finance is paving the way for next-generation banking and improving access to financial services at affordable cost, said Reserve Bank Governor Shaktikanta Das on Monday. In the foreword of the Report on Currency and Finance (RCF) for...
Indian fintech NBFCs sanctioned 9 cr loans worth record Rs 98,111 cr in FY24: Report, ET BFSI
New Delhi, Contributing to India's digital inclusion, fintech Non-Bank Financial Companies (NBFCs) sanctioned nearly 9 crore loans worth Rs 98,111 crore in FY24, doubling their share in six years, a report showed on Monday. This accounts for 65 per cent of loan...
Tips to Make Discussing Fees with Prospects More Comfortable » Succeed As Your Own Boss
Discussing fees with prospects can be one of the most challenging parts of the sales process, especially for women entrepreneurs. It’s a sensitive topic that, if not handled well, can lead to discomfort, misunderstanding, or even the loss of a potential client....
Biden rolls out plan to overhaul the Supreme Court
U.S. Supreme Court Justices attend as U.S. President Joe Biden delivers the State of the Union address at the U.S. Capitol in Washington, D.C., March 7, 2024. Evelyn Hockstein | ReutersPresident Joe Biden on Monday unveiled a three-pronged proposal to reform the...
Will Fed Signal a September Rate Cut?
Fed sees inflation on a path to remain low Investors expect three 25bps rate cuts by January Fed to keep rates untouched, focus on guidance The decision is published on Wednesday at 18:00 GMT Data bolster Fed’s confidence At its latest gathering in June, the FOMC...
Valereum partners with Tokeny on VLRM’s Real World Asset marketplace
Valereum Plc will collaborate with Tokeny as a technology provider for VLRM’s Real World Asset (RWA) marketplace. Valereum aims to establish and operate a RWA marketplace utilising Tokeny’s technology solutions, to enable the primary issuance and bulletin board-based...
New charges, late payment fee, bill payment rules, and more, ET BFSI
HDFC Bank has made some important changes regarding terms and charges for its credit card customers. These changes are effective from August 1, 2024, as per the HDFC Bank website.New HDFC Bank credit card fees, charges applicable from August 1, 2024Rental...
AUD/USD Gains Amid Anticipation for Key Economic Data
The AUD/USD pair is climbing towards 0.6552 on Monday. The Australian dollar is bouncing back from a 12-week low as investors await Australian inflation data. In the past two weeks, the AUD, in the currency pair with the USD, has fallen more than 3%. This happened...
Bitcoin people getting milked for donations by US Senator
Senator Cynthia Lummis says she wants to convert excess reserves at the 12 Federal Reserve banks into bitcoin over five years.Lummis is at the Bitcoin 2024 conference, where she is all in on extracting money from the crowd. She is quite sucessful too, top donors have...
Vantage partners with Everest Fortune on VIP Chat Room
Leading multi-asset broker Vantage has announced that Vantage Australia is launching a VIP Chat Room, enhancing their Premium Service portfolio. This development is in collaboration with Everest Fortune Group, a renowned research house that provides advice to some of...
BofA, BFSI News, ET BFSI
Mumbai: The rupee may have recently charted new lows against the US dollar, but market players are not unduly worried, with a senior Bank of America executive pointing to key metrics that reflect stability in the local currency and fundamental drivers that will boost...
WTI Outlook: Oil Price Rises on Growing Geopolitical Tensions But Still Holding Under Key Resistances
WTI oil opened with gap higher on Monday, as supply worries rose after the latest escalation of the conflict in the Middle East, which threatens of deepening crisis. The price bounced from last week’s low, retracing around 50% of Friday’s 2.4% drop, but so far holding...
McDonald’s (MCD) Q2 2024 earnings
A McDonald's restaurant is viewed on July 22, 2024 in Burbank, California.Mario Tama | Getty ImagesMcDonald's is expected to report second-quarter earnings before the bell on Monday.Here's what Wall Street analysts surveyed by LSEG are expecting the company to...
Quiet Forex Session Precedes Three Central Bank Meetings and High-Impact Data
Trading in the forex markets has been notably subdued during the Asian session today, even as major Asian stock indexes showed strong rebounds. This muted activity in currency trading is not surprising given that it’s a typical Monday, coupled with an ultra light...
Binance Launches ‘Word of the Day’ Game Offering 500,000 Points in Rewards
Timothy Morano Jul 29, 2024 03:10 Binance introduces the 'Word of the Day' game, allowing users to earn from a pool of 500,000 Binance Points by enhancing their crypto vocabulary. Binance, a leading...
eToro issues LUNC update – FX News Group
Online broker eToro today published a brief notice regarding the LUNC token (Terra Classic). The LUNC asset will remain in close-only mode until eToro has more clarity. The full announcement by eToro can be found below: LUNC UPDATE Following a notice sent by the Terra...
Binance to Update Collateral Ratios for Portfolio Margin Assets
Iris Coleman Jul 29, 2024 03:50 Binance will update the collateral ratios for multiple assets under Portfolio Margin on July 30, 2024. The changes may impact users' Unified Maintenance Margin Ratio (uniMMR). ...
EQT closing in on Aavas Financiers, Rs 7,000 cr deal up for grabs, ET BFSI
Mumbai: Buyout group EQT has emerged as a top contender to acquire affordable housing finance company Aavas Financiers Ltd (formerly AU Housing Finance Ltd) as promoters, private equity firms Kedaara Capital and Partners Group, are looking to exit their eight-year-old...
RBI’s new LCR guidelines may intensify competition for retail deposits, hit bank margins, ET BFSI
The Reserve Bank of India (RBI) has released new draft guidelines on the management of liquidity coverage ratio (LCR), which are expected to increase credit costs for banks, pressure margins, and drive demand for short-term government securities. These guidelines aim...
Balancing long-term vision with short-term volatility, ET BFSI
The government has made a conscious effort to address the rural distress. Higher spend will create more rural jobs and revive the rural economy. It allocated ₹1.52 lakh cr for agriculture and allied services. The Indian government's FY25 budget struck the path of...
Weekend: Trump Bitcoin pump, “Will not sell govmt BTC, on day one will fire Gary Gensler”
Trump spoke at Bitcoin 2024 in Nashville, Tennessee, making a number of promises re crypto:He said he would not sell any of Federal government bitcoin holdings, creating the core of a "strategic national bitcoin stockpile""If I am elected, it will be the policy of my...
FX option expiries for 29 July 10am New York cut
There is arguably just one to take note of on the day, as highlighted in bold.That being for USD/JPY at the 154.00 mark. Amid the bigger swings in the past two weeks, the expiry level might be one to watch in terms of keeping a lid on price action in the session...
Trump didn’t match RFK Jr.’s promise to build a ‘bitcoin Fort Knox’ — here’s why
Republican presidential nominee and former U.S. President Donald Trump speaks as he campaigns in Charlotte, North Carolina, on July 24, 2024.Marco Bello | ReutersNASHVILLE — Former President Donald Trump stopped short of promising to establish an official U.S. bitcoin...
ElevenLabs Enhances Dubbing API with Increased File Upload Limits
Peter Zhang Jul 28, 2024 11:07 ElevenLabs has upgraded its Dubbing API, raising the file upload limit from 500MB to 1GB and extending the duration from 45 minutes to 2.5 hours. ElevenLabs has announced a...
Filecoin (FIL) Network Upgrade NV23 ‘Waffle’ to Enhance Performance and Integration
Felix Pinkston Jul 28, 2024 11:40 Filecoin (FIL) announces NV23 'Waffle' upgrade, enhancing network performance and integrating Ethereum transactions. Filecoin (FIL) is set to roll out its latest network...
AMD Unveils Amuse 2.0 Beta with XDNA™ Super Resolution for AI Image Generation
Joerg Hiller Jul 28, 2024 12:34 AMD introduces Amuse 2.0 Beta, featuring AMD XDNA™ Super Resolution, enhancing AI image generation on Ryzen™ AI and Radeon™ RX 7000 series. AMD has announced the launch of Amuse...
How the massive power draw of generative AI is overtaxing our grid
Thanks to the artificial intelligence boom, new data centers are springing up as quickly as companies can build them. This has translated into huge demand for power to run and cool the servers inside. Now concerns are mounting about whether the U.S. can generate...
IBM Research Advances Explainable AI with New Tools and Visualizations
Alvin Lang Jul 28, 2024 12:13 IBM Research is pioneering diverse tools to explain black-box models and visualize neural network information flows, enhancing trust in AI systems. IBM Research is making...
McDonald’s, Wendy’s, Burger King vie for low-income diners
The McDonald's logo is displayed at a McDonald's restaurant in Burbank, California, on July 22, 2024.Mario Tama | Getty ImagesSubway started phasing out its $5 footlong sandwiches a decade ago. But these days, other fast-food chains have revived the $5 price point,...
OKX Ventures Invests in aPriori: MEV Powered Liquid Staking Platform
Lawrence Jengar Jul 28, 2024 11:52 OKX Ventures announces seed round investment in aPriori, an MEV powered liquid staking platform on Monad, enhancing node-level infrastructure. OKX Ventures, the investment arm...
Fireblocks Introduces Self-Service Tools to Empower Blockchain Startups
Caroline Bishop Jul 24, 2024 19:39 Fireblocks launches a suite of self-service tools to help blockchain startups innovate quickly and securely. Q1 2024 marked a significant milestone for Web3 venture funding,...
Luminary Cloud Accelerates Engineering Simulations with NVIDIA GPUs
Caroline Bishop Jul 28, 2024 10:20 Luminary Cloud leverages NVIDIA GPUs to speed up engineering simulations, addressing industry challenges and enhancing productivity. Engineering simulation is a critical tool...
Polygon (MATIC) CDK Integrates Bridged USDC Standard for Enhanced Stability
Ted Hisokawa Jul 24, 2024 19:55 Polygon (MATIC) CDK is the first chain development kit to integrate Circle's Bridged USDC Standard, offering seamless upgrades and improved liquidity. Polygon (MATIC) CDK has...
FX week in review: NCM expands in the UK, CFI brand ambassador, IG and CMC results, Asia hires at SquaredFinancial and Scope
Which senior executives were hired in the UK by Kuwait based CFDs broker NCM Financial, as NCM UK received an FCA license? Which global sports icon is the new Brand Ambassador for CFI? How did the latest results look for leading UK based brokers IG Group, and CMC...
Here’s how Digital Public Infrastructure (DPI) reforms will revolutionise stock market, ET BFSI
The finance minister recently announced the implementation of Digital Public Infrastructure (DPI) in agriculture to cover farmers and their lands. This initiative is a part of the broader Digital India campaign, which is built on the foundation laid by the National...
Eternal Paradox Season 5 Nears Climax with Final Battle for The Ring
Peter Zhang Jul 26, 2024 01:15 Season 5 of Eternal Paradox is reaching its peak as players prepare for the final battle for The Ring. Guilds have showcased their prowess, but the ultimate showdown is imminent. ...
Forex and Cryptocurrency Forecast – Action Forex
EUR/USD: Europe is Not Doing Very Well, the US is Not Doing Very Badly The main events in the currency market will unfold in the upcoming week, with meetings scheduled for Wednesday, 31 July, when the Bank of Japan and the Federal Reserve’s FOMC (Federal Open Market...
What is the difference between tax exemption and tax deduction?, ET BFSI
Every year, before you pay income tax and file your tax returns, you avail of certain benefits that slash your tax liability. Referred to as exemptions and deductions, these benefits help reduce your taxable income. While most of these benefits have been removed from...
Blinken chides Beijing’s ‘escalating actions’ at sea, concerned over Taiwan
TOPSHOT - US Secretary of State Antony Blinken (L) shakes hands with China's Foreign Minister Wang Yi as they meet on the sidelines of the 57th Association of Southeast Asian Nations (ASEAN) Foreign Ministers' Meeting in Vientiane on July 27, 2024. Achmad Ibrahim |...
NVIDIA Kaolin Library Integrates Advanced Elastic Simulation Techniques
Iris Coleman Jul 26, 2024 01:35 NVIDIA Kaolin Library's latest release introduces Simplicits, enabling advanced elastic simulations on diverse 3D models, enhancing applications in AR/VR, robotics, and more. ...
NVIDIA Unveils VISTA-3D NIM Microservice for Advanced CT Scan Analysis
Terrill Dicki Jul 28, 2024 07:58 NVIDIA introduces VISTA-3D NIM microservice, enhancing CT scan analysis with advanced organ and disease segmentation capabilities. Over 300 million computed tomography (CT) scans...
ICICI Bank has posted a net profit growth of 14.6 pc, NII up by 7.3 pc, ET BFSI
New Delhi [India], July 28 (ANI): Private sector banking major, ICICI Bank has posted a net profit growth of 14.6 per cent year-on-year (YoY) in the first quarter of financial year 2025 (Q1FY25), reaching to Rs 11,059 crore.The net interest income (NII) of the bank...
Bank credit continues to outpace deposit growth, BFSI News, ET BFSI
MUMBAI: The annual increase in bank credit continues to outpace deposit growth by a high margin even after the base effect created by the merger of HDFC with HDFC Bank dissipated post-merger. According to data released by RBI, bank credit grew by 14% year on year as...
Farcaster Frames Integrates Polygon (MATIC) PoS Transactions, Launches $500k Grants Program
Alvin Lang Jul 26, 2024 01:50 Farcaster Frames now supports Polygon (MATIC) PoS transactions and has launched a $500k MATIC grants program to encourage builder innovation. Farcaster Frames has announced its...
Election, heatwave impact bring down IndusInd Bank’s Q1 disbursements, ET BFSI
Private sector lender IndusInd Bank on Friday said that elections and the heatwave across the country led to slow disbursements in the June quarter. The bank which also saw its asset quality worsen sequentially, said it expects improvements in the September...
Arkham Integrates with Coinbase Wallet for Enhanced Tracking
Peter Zhang Jul 26, 2024 02:12 Arkham now supports Coinbase Wallet integration, enabling users to track their crypto holdings and transactions directly on the platform, according to Arkham Intelligence. Arkham...
Yes Bank in stake sale talks to give exit to its lenders, ET BFSI
Mumbai: Private sector lender Yes Bank is working towards giving an exit to its current shareholders, particularly State Bank of India (SBI), managing director and chief executive Prashant Kumar told ET. Kumar also confirmed that the lender is in talks with potential...
RBI deputy chief, ET BFSI
Mumbai, The Indian financial system is stronger than in the past and the country's economy is an outlier which is growing steadily even as the global financial system is facing strong headwinds, according to RBI Deputy Governor M. Rajeshwar Rao. "If we exclude...
EUR/CHF Weekly Outlook – Action Forex
EUR/CHF’s fall from 0.9772 extended to 0.9519 last week but recovered since then. Initial bias is turned neutral this week for consolidations first. Further decline is expected as long as 0.9641 support turned resistance holds. Rebound from 0.9476 should have...
Vitalik Buterin and Anoma Founders Discuss ZK Potentials in Web3 Social Protocols
Jessie A Ellis Jul 26, 2024 02:36 Vitalik Buterin and Anoma founders delve into Zero-Knowledge Proofs' potential in Web3 social protocols at ETHCC[7] in Brussels. During the ETHCC[7] in Brussels on July 9th,...
EUR/AUD Weekly Outlook – Action Forex
EUR/AUD’s rise from 1.5996 accelerated to as high as 1.6642 last week but retreated since then. Initial bias remains neutral this week for consolidations. Further rally is expected as long as 1.6384 support holds. Corrective fall from 1.7062 should have completed with...
Axis Bank misses Q1 profit expectations due to higher credit costs, ET BFSI
Axis Bank reported a 15% quarter-on-quarter decline in profit after tax (PAT) for Q1 FY25 to Rs 603 5 crore. This figure fell short of BNP Paribas expectations and consensus estimates by 5% and 3.7%, respectively. The primary cause of the shortfall was a rise in...
Anyscale and MongoDB Collaborate to Enhance Multi-Modal Search
Terrill Dicki Jul 26, 2024 03:04 Anyscale and MongoDB join forces to revamp multi-modal search, offering scalable solutions and improved search relevance for e-commerce platforms. Anyscale, a leading AI...
EUR/GBP Weekly Outlook – Action Forex
EUR/GBP’s recovery from 0.8382 extended higher last week but outlook will stay bearish as long as 0.8498 resistance holds. Initial bias remains neutral this week first. Firm break of 0.8382 will resume larger down trend. In the bigger picture, down trend from 0.9267...
SingularityNET (AGIX) Biweekly Development Report Highlights Key Progress
Timothy Morano Jul 27, 2024 15:21 SingularityNET (AGIX)'s latest biweekly report reveals significant advancements in its decentralized AI platform, covering developer tools, Daemon updates, and UI enhancements. ...
City Union Bank posts 16% growth in Q1, BFSI News, ET BFSI
CHENNAI: Private sector City Union Bank (CUB) on Friday posted 16% growth in profit after tax (PAT) at Rs 264 crore in the quarter ended June 30, 2024 against Rs 227 crore in the corresponding quarter of last year. Its total deposits increased by 6% in Q1 FY25 at Rs...
EUR/JPY Weekly Outlook – Action Forex
EUR/JPY’s fall from 175.41 accelerated to as low as 164.81 last week, but recovered ahead of 164.29 resistance turned support. Initial bias remains neutral this week for consolidations. Risk will stay on the downside as long as 169.98 resistance holds. On the...
All you should know, ET BFSI
The Reserve Bank of India (RBI) recently issued a new framework on Domestic Money Transfer (DMT) for regulated firms, making stricter Know Your Customer (KYC) record standards, focusing on banking services, payment systems. The new guidelines will come into effect...
Donald Trump headlines Bitcoin 2024, after a U-turn on crypto
Republican presidential nominee and former U.S. President Donald Trump walks off stage after speaking at a campaign rally at the Van Andel Arena in Grand Rapids, Michigan, on July 20, 2024.Anna Moneymaker | Getty ImagesNASHVILLE — Former president Donald Trump...
GBP/JPY Weekly Outlook – Action Forex
GBP/JPY’s fall from 208.09 accelerated to as low as 195.84 last week, but recovered after breaching 38.2% retracement of 178.32 to 208.09 at 196.71 briefly. Initial bias remains neutral this week for consolidations. Risk will stay on the downside as long as 202.08...
dYdX Domain Faces Repeated DNS Hijacking Incidents
Rongchai Wang Jul 26, 2024 03:41 dYdX's domain suffered multiple DNS hijacking attacks due to vulnerabilities in Squarespace's OAuth and account recovery protocols, highlighting broader security concerns. dYdX,...
USD/CAD Weekly Outlook – Action Forex
USD/CAD surged to as high as 1.3848 last week and breached 1.3845 high, but turned sideway since then. Initial bias remains neutral this week first and some more consolidations could be seen. Further rally is expected as long as 55 4H EMA (now at 1.3755) holds....
Banks are closed for 13 days in August 2024; Check state-wise bank holiday list, ET BFSI
All public and private sector banks across India will remain closed for up to 13 days including Sundays, national, regional, second and fourth Saturday of the month. Festivals in the month of August Banks are closed on the occasion of Ker Puja, Tendong Lho Rum Faat,...
EigenLayer Introduces AVS Rewards and EIGEN Programmatic Incentives
Lawrence Jengar Jul 27, 2024 14:40 EigenLayer is set to launch AVS rewards and EIGEN programmatic incentives to benefit stakers and operators, distributing at least 4% of EIGEN's total supply. EigenLayer is...
USD/CHF Weekly Outlook – Action Forex
USD/CHF edged lower to 0.8776 last week but recovered again. Initial bias stays neutral this week first. As long as 0.8923 resistance holds, further decline is expected. On the downside, break of 0.8776 will resume the fall from 0.9223 to 61.8% retracement of 0.8332...
Manoj Mittal takes charge as CMD of SIDBI, BFSI News, ET BFSI
Manoj Mittal takes charge as Chairman and Managing Director of SIDBINew Delhi, Manoj Mittal has taken charge as Chairman and Managing Director of Small Industries Development Bank of India (SIDBI), following his appointment by the Centre. Prior to this, he was the...
Three including bank employee arrested for fraud, BFSI News, ET BFSI
Gurugram, A cyber crime team of the Gurugram Police have arrested three persons including a bank official for allegedly cheating people on the pretext of earning money daily, police said. Police said on March 23 they received a complaint in which the complainant...
GBP/USD Weekly Outlook – Action Forex
GBP/USD gyrated lower last week but failed to break through 1.2859 resistance turned support decisively. Initial bias remains neutral first. Further rally is in favor. Break of 1.3043 will resume the rise from 1.2298. However, firm break of 1.2859 will turn bias to...
OpenAI Introduces SearchGPT Prototype for Enhanced AI Search Features
Jessie A Ellis Jul 26, 2024 03:57 OpenAI launches SearchGPT, a new AI search prototype aimed at delivering fast and accurate responses with clear and relevant sources. OpenAI has unveiled SearchGPT, a prototype...
Upcoming US Election to Shape Future of Crypto Regulation
Caroline Bishop Jul 27, 2024 13:40 The US election could dramatically reshape crypto policy, with key figures like Kamala Harris and Donald Trump taking center stage. The US political landscape has reshaped...
PAT falls 52% to Rs 63 crore, ET BFSI
The bank made a 33% higher provisions and contingencies of Rs 169 crore, in line with rise in gross non-performing assets ratio to 6.6% at the end of June from 1.65% a year back.Its net interest income remained flat at Rs 588.4 crore while total income was merely 3.7%...
USD/JPY Weekly Outlook – Action Forex
USD/JPY’s fall from 161.94 extended to as low as 151.93 last week, but recovered after breaching 151.98 resistance turned support briefly. Initial bias remains neutral this week for consolidations. Risk will stay on the downside as long as 155.36 support turned...
EUR/USD Weekly Outlook – Action Forex
EUR/USD dipped to 1.0825 last week but turned sideway since then. Initial bias remains neutral this week first and further fall is in favor as long as 1.0896 minor resistance holds. Below 1.0825 will target 55 D EMA (now at 1.0815). Sustained break there will argue...
PAT slumps 87% to Rs 26 crore on jump in provisions, contingencies, ET BFSI
Equitas Small Finance Bank on Friday reported a 87% year-on-year drop in net profit at Rs 26 crore, on account of a five-fold rise in provisions and contingencies.The bank said that it has set aside Rs 180 crore in the form of floating provisions to strengthen its...
Meta Llama Boosts Conversational Abilities of AI Study Buddy on WhatsApp and Messenger
Tony Kim Jul 26, 2024 04:14 Meta AI's new enhancement allows students to receive conversational help with schoolwork via WhatsApp and Messenger. Meta AI has announced a significant enhancement to its AI-enabled...
Chinese dominance in Indonesia’s nickel industry during EV Boom
Nickel mining in Indonesia has surged, making it the world's top producer of the metal. With over 14 active mines, Indonesia supplies more than 40% of global nickel demand, driven by its crucial role in electric vehicle (EV) batteries."Nickel is needed for the...
Multiple Themes Play Out in Turbulent Week, Yield Curve De-Inversion Most Significant
It was a highly volatile week which cannot be characterized by a single theme. Yen had a sharp and robust rally against all major currencies, continuing its rebound from the 38-year lows hit earlier this month, with market participants unwinding their long-held short...
Net profit rises 19% to Rs 182 crore, ET BFSI
State-owned Punjab & Sind Bank on Friday reported a 19 per cent rise in net profit to Rs 182 crore in the June 2024 quarter, helped by a decline in bad loans. The Delhi-based lender had earned a net profit of Rs 153 crore in the year-ago period. During the...
AUD/USD Weekly Report – Action Forex
AUD/USD’s fall from 0.6798 accelerated to as low as 0.6513 last week but recovered after breaching 61.8% retracement of 0.6361 to 0.6798 at 0.6528 briefly. Initial bias remains neutral this week for consolidations. Further fall is expected as long as 55 4H EMA (now at...
Anthropic Voices Concerns Over SB 1047
Luisa Crawford Jul 26, 2024 04:55 Anthropic has expressed its position on SB 1047, highlighting potential implications for AI development and ethical considerations, according to its official news release. ...
Net profit soars 47% on healthy business expansion, lower credit cost, ET BFSI
Bandhan Bank's net profit for the June quarter soared 47% year-on-year at Rs 1063 crore backed by healthy business expansion and lower credit cost.The net profit was Rs 721 crore in the year ago quarter.The bank's net interest margin for the quarter rose 30 basis...
Food delivery fees are rising, and everyone’s feeling the pinch
A food delivery messenger is seen in Manhattan. Luiz C. Ribeiro | New York Daily News | Tribune News Service | Getty ImagesFood from the restaurant of your choosing, delivered right to your door — at what cost?Third-party food delivery is becoming the norm for...
Ethereum.org Translatathon Returns with $30,000 Prize Pool
Timothy Morano Jul 26, 2024 05:17 The Ethereum.org Translatathon is back, offering participants a chance to translate content and win a share of $30,000 in prizes. The ethereum.org Translatathon is making a...
Revenue Secy Sanjay Malhotra, ET BFSI
Talks over a global tax deal are continuing well past a June 30 deadline and governments are now looking to a Group of 20 finance leaders' meeting in Brazil for progress.India will not sign a global corporate tax deal focused on highly profitable multinational firms...
Bitcoin’s Blockspace Challenges for Data Availability and Rollups
Tony Kim Jul 27, 2024 09:33 Exploring the challenges Bitcoin's blockspace presents for Rollups using it as a data availability layer, focusing on costs, competition, and potential solutions. Bitcoin’s blockspace...
India’s forex reserves jump $4 billion to record high of $670.857 billion: RBI, ET BFSI
NEW DELHI: India's foreign exchange reserves surged by $4 billion to reach $670.857 billion for the week that ended on July 19, according to the Reserve Bank of India (RBI) on Friday.The overall reserves had jumped by $9.699 billion to an all-time high of $666.854...
Profit jumps 25% to Rs 433 crore, ET BFSI
PNB Housing Finance has reported a 25% growth on year in the first fiscal to get a profit of Rs. 433 crores, from Rs. 347 crores a year ago as the company saw good productivity in the 100 branches it added from December last year to March 2024.PNB Housing, an arm of...
Global economic ‘soft landing’ encourages G20 financial heads, ET BFSI
Rio de Janeiro: G20 financial leaders will say Friday there is a rising likelihood of a global economic "soft landing", but warn wars and escalating conflicts could endanger this outlook, as per the final draft of a joint communique seen by Reuters.The statement is...
Arkham Introduces Username Claim Feature for Users
Zach Anderson Jul 27, 2024 09:53 Arkham Intelligence announces a new feature allowing users to claim unique usernames on the platform. Arkham Intelligence has rolled out a new feature that allows users to claim...
Weekly Economic & Financial Commentary: Wake Me Up When September Ends
Summary United States: Economic Resilience or Reticence? The U.S. economy defied expectations in the second quarter, expanding at a 2.8% annualized pace. Despite the upside surprise, we still see enough softening in inflation and signs of stress to warrant a rate cut...
JD Vance defends Harris childless cat ladies comment
Republican vice presidential nominee, U.S. Sen. J.D. Vance (R-OH) speaks at a campaign rally at Radford University on July 22, 2024 in Radford, Virginia.Alex Wong | Getty ImagesSen. JD Vance, the running mate of former President Donald Trump, on Friday defended his...
SBI Amrit Vrishti FD interest rate vs other big banks’ 400-day fixed deposits, ET BFSI
State Bank of India (SBI) has introduced a new special fixed deposit (FD) known as SBI Amrit Vrishti, offering higher interest rates for a limited time. Here is a comparison of the interest rates for SBI Amrit Vrishti FD with other banks like PNB, Canara, Bank of...
The Weekly Bottom Line: All Eyes on Next Week’s Fed Meeting
U.S. Highlights The U.S. economy accelerated in the second quarter, growing by 2.8% (annualized), up from 1.4% in the first quarter. At the same time, inflation cooled to 2.5% year-on-year (y/y) in June, as measured by the personal consumption expenditure deflator....
Sitharaman confident she can make savings easier, raise income levels in rural India, ET BFSI
While India handles a fast growing economy, Nirmala Sitharaman who presented the Union Budget recently asserted that she can make savings easier for those residing in rural areas through rate rationalisation."I can ease people's savings, I can facilitate them in the...
Exploring UX for AI Agents: Chat Interfaces
Ted Hisokawa Jul 27, 2024 04:20 LangChain Blog delves into the UX challenges of AI agents, focusing on chat interfaces in a multi-part series. At Sequoia’s AI Ascent conference in March, LangChain Blog...
Trump to hold rally in Butler, Pennsylvania, where he survived assassination attempt
Republican presidential candidate and former U.S. President Donald Trump speaks during a campaign rally at the Butler Farm Show in Butler, Pennsylvania, on July 13, 2024.Brendan Mcdermid | ReutersFormer President Donald Trump on Friday vowed to hold another campaign...
RBI fines Visa, Ola Financial and Manappuram for contravention of PPI, KYC rules, ET BFSI
MUMBAI: The Reserve Bank of India on Friday imposed monetary penalties on Ola Financial Services and Manappuram Finance for non-compliance of KYC norms. It has imposed a fine on Visa Worldwide Pte ltd for non-compliance of directions.Two separate fines were imposed on...
Markets Weekly Outlook: Central Banks and US Earnings. Will BoJ Hike Rates?
Global markets experienced a volatile week, influenced by a tech selloff, China growth concerns, and anticipation of central bank decisions and US earnings reports Despite the volatility and tech led selloff, US equity funds saw inflows. Central bank meetings,...
G-sec demand may rise by Rs 4-5 lakh cr as new LCR norms come into play, ET BFSI
Mumbai: Demand for short-term government securities is expected to rise between ₹4 lakh crore and ₹5 lakh crore, with the banking regulator proposing to revise norms on the computation of Liquidity Coverage Ratio (LCR), said officials from rating companies and bank...
Direct link to apply, ET BFSI
The Reserve Bank of India (RBI) has started the registration process for 94 Grade B officer positions on its official website. Interested and eligible candidates can visit the official website of RBI, i.e., website.rbi.org.in, for the registration process. The...
FM Sitharaman explains the rationale behind removing the decade-old tax, ET BFSI
The Narendra Modi government's decision to scrap angel tax in the Union Budget was taken to remove the hindrances that startups face in the country, Union Finance Minister Nirmala Sitharaman revealed in an interview with The Economic Times on Thursday."Two years ago,...
Biden will announce Supreme Court reform plans on Monday, Politico reports
U.S. President Joe Biden meets with Israeli Prime Minister Benjamin Netanyahu (not pictured) in the Oval Office at the White House in Washington, U.S., July 25, 2024. Elizabeth Frantz | ReutersU.S. President...
Summary 7/29 – 8/2
Monday, Jul 29, 2024 Tuesday, Jul 30, 2024 Wednesday, Jul 31, 2024 Thursday, Aug 1, 2024 Friday, Aug 2, 2024 The post Summary 7/29 – 8/2 appeared first on Action Forex.
NVIDIA and Mistral Launch NeMo 12B: A High-Performance Language Model on a Single GPU
Iris Coleman Jul 27, 2024 05:35 NVIDIA and Mistral have developed NeMo 12B, a high-performance language model optimized to run on a single GPU, enhancing text-generation applications. NVIDIA, in collaboration...
Binance Leads But Faces Competition: 2024 Centralized Crypto Exchange Market Share Report
Darius Baruo Jul 27, 2024 07:20 Binance retains the top spot with 46.6% market share, while Bybit and Gate show significant growth. Upbit experiences the largest drop. According to a recent report by CoinGecko,...
PAT up 29.7% at Rs 942 crore, ET BFSI
Cholamandalam Investment and Finance Company has reported a 29.7 per cent growth in its profit after tax for the April-June 2024 quarter at Rs 942 crore. The company, which is the financial services arm of diversified conglomerate Murugappa Group, had registered a...
USD/CAD Rally Pauses: Awaiting Next Correction
The USD/CAD pair ended its continuous upward trend on Friday, 26 June 2024, settling around 1.3813, signalling a potential shift towards correction. The Bank of Canada decided to lower the interest rate from 4.75% p.a. to 4.50% p.a. at its meeting this week. Overall,...
AU Small Finance Bank to apply for universal bank licence by Aug-end, ET BFSI
New Delhi, AU Small Finance Bank Managing Director Sanjay Agarwal on Thursday said the lender will apply for universal bank licence to the Reserve Bank of India (RBI) next month. "The board has decided to go for a universal licence and approved the constitution of a...
AssemblyAI Unveils Enhanced PII Redaction and Entity Detection Features
Jessie A Ellis Jul 26, 2024 05:52 AssemblyAI introduces advanced PII Redaction in 47 languages and adds 16 new entity types to its Entity Detection model, ensuring 99% accuracy. AssemblyAI has announced...
Oil Price Reversal Ahead? Chart Patterns Indicate Possible Bounce at Support
Oil prices have faced challenges recently, but buying pressure prevented a drop below $80. Technical indicators suggest potential for an upward bounce, with key resistance levels to watch. Fundamental factors like Canadian wildfires, US stockpiles, and rate cut...
Banks need to focus on their core business: Nirmala Sitharaman, ET BFSI
Banks need to get back to their core business of mobilising deposits and lending, finance minister Nirmala Sitharaman said, laying down a marker for them amid concerns over slowing deposit growth.The 12.5% capital gains tax on property without indexation, which the FM...
Gold Technical: Recent Sell-off May Have Reached a Potential Bullish Reversal Level at US$2,353
The recent weakness seen in Gold (XAU/USD) is likely to be driven by US politics as the “Gold premium” has moved in synch with the betting odds of Republican nominee Trump winning the US Presidential Election. The US Treasury market is likely to take a driver’s seat...
FAA approves SpaceX to resume Falcon 9 rocket launches
A Falcon 9 rocket launches a Starlink mission on January 31, 2023 from Vandenberg Space Force Base in California.SpaceXThe Federal Aviation Administration has approved SpaceX to resume flights of its mainstay Falcon 9 rocket after a brief grounding, with Elon Musk's...
Pantera Capital Invests in aPriori, Enhancing Digital Manufacturing Solutions
Ted Hisokawa Jul 26, 2024 06:09 Pantera Capital announces investment in aPriori, a firm specializing in digital manufacturing software solutions, to drive innovation and efficiency in the manufacturing sector. ...
Dexcom shares plunge more than 40% after Q2 earnings
Dexcom shares sank more than 40% on Friday and headed for their worst day ever after the diabetes management company reported disappointing revenue for the second quarter and offered weak guidance. The stock fell $45.38 to $62.47 as of early afternoon, wiping out...
‘Banks to follow home loan growth story for MSMEs’, BFSI News, ET BFSI
NEW DELHI: Banks will be asked to tap into the "digital footprint" of small businesses, including salary payments, electricity bills and municipal taxes paid by them, along with GST and provident fund details, to decide on loans given to them as govt seeks to...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 152.48; (P) 153.40; (R1) 154.86; More… Intraday bias in USD/JPY remains neutral as consolidations continue above 151.93 temporary low. Risk will stay on the downside as long as 155.36 support turned resistance holds. Decisive break of 151.89...
NBA, media partners to reevaluate WNBA rights after 2028 season
Connecticut Sun forward Brionna Jones (left) and Los Angeles Sparks forward Cameron Brink (22) fight for ball possession during a WNBA game between the Sparks and the Sun on June 18, 2024, at Mohegan Sun Arena in Uncasville, CT.Anthony Nesmith | Icon Sportswire |...
US: Consumers Close Q2 on an Upbeat Note, But Momentum Unlikely to be Sustained
Personal income grew 0.2% month-on-month (m/m) in June, down from May’s 0.4% gain, and below market expectations (also 0.4%). Accounting for inflation and taxes, real personal disposable income growth slowed in June, up 0.1% m/m, relative to a 0.3% gain in May...
Maggie Joins The Walking Dead: Empires as Newest NFT Hero
Iris Coleman Jul 26, 2024 06:39 The Walking Dead: Empires introduces Maggie as a new NFT Hero, available for purchase starting July 26 at 7am PT. In an exciting development for fans of both NFTs and The Walking...
PAT up 30% to Rs 503 crore, NII up 54%; to apply for universal banking licence, ET BFSI
AU Small Finance Bank on Thursday formalised a plan to make an application for universal banking license while reporting a 30% year-on-year rise in net profit for the June quarter at Rs 503 crore.The bank has received its board approval for applying for the coveted...
PyTorch Revolutionizes AI Accessibility for Developers
Felix Pinkston Jul 26, 2024 07:17 PyTorch, the deep-learning framework, is significantly enhancing AI accessibility for developers, backed by AMD's robust hardware support. PyTorch, the deep-learning framework,...
RBI imposes penalties on three payment system operators, BFSI News, ET BFSI
The Reserve Bank of India (RBI) has imposed penalties on three payment system operators for deficiencies in regulatory compliance. These include Visa Worldwide, Ola Financial Services and Manappuram Finance.A penalty of Rs 2.4 crore has been imposed on Visa Worldwide...
Warner Bros. Discovery sues NBA over Amazon media rights
Adam Silver at the Allen & Company Sun Valley Conference on July 10, 2024 in Sun Valley, Idaho.David Grogan | CNBCWarner Bros. Discovery sued the National Basketball Association on Friday as it tries to maintain broadcast rights for a package of live games."Given...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8776; (P) 0.8818; (R1) 0.8858; More… Intraday bias in USD/CHF is turned neutral with current recovery, and some consolidations would be seen above 0.8776 temporary low. Risk will stay on the downside as long as 0.8923 resistance holds. Break of...
What GenZ thinks about internship programme proposed in Budget 2024?, ET BFSI
-Suhani PrakashFinance Minister Nirmala Sitharaman in the Union Budget 2024 proposed an ambitious youth internship programme to address the pressing issue of youth unemployment while offering valuable work experience.“The government to launch a comprehensive scheme to...
Indian banks selling retail loan portfolios as deposits lag, BFSI News, ET BFSI
India’s private banks are selling portfolios of retail loans as regulators pressure them to improve credit-deposit ratios.India’s largest lender, HDFC Bank Ltd., sold a 50 billion rupee ($597 million) loan portfolio to an undisclosed buyer in June, Chief Financial...
Canadian GDP Growth to Slow, U.S. Fed to Stand Pat
The week ahead is a busy one on the data calendar with the release of Canada’s gross domestic product for May and the U.S. Federal Reserve’s decision on interest rates on Wednesday, followed by U.S. payroll employment data on Friday. Canadian GDP data should continue...
Debunking Common Myths About Web3 Gaming
Timothy Morano Jul 26, 2024 08:32 Explore the truth behind five common myths surrounding Web3 gaming, including AAA studio involvement, user-friendliness, and financial models. Web3 gaming is rapidly evolving,...
Crypto firm Ledger hikes price of Stax crypto wallet, launches Flex
The Ledger Flex is a new, cheaper hardware crypto wallet from French startup Ledger. It sports an E-ink display and can be used to secure a range of crypto assets. The device is retailing at $249.LedgerCryptocurrency storage company Ledger is raising the price of its...
Deadpool and Wolverine box office Thursday previews
Ryan Reynolds and Hugh Jackman star in Marvel's "Deadpool and Wolverine."DisneyDisney and Marvel's "Deadpool & Wolverine" has secured $38.5 million in Thursday previews and is on pace for a domestic debut north of $150 million, which would be a record for an...
Week Ahead – BoJ, Fed and BoE Meetings: A Hike, a Hold and a Cut?
A trio of central bank decisions coming up from the BoJ, Fed and BoE One might hike, one might stand pat and the other cut rates ECB to also be in focus as Eurozone flash GDP and CPI data are due Week will culminate with crucial US jobs report BoJ expected to taper;...
Financial services secretary Vivek Joshi, ET BFSI
New Delhi: Banks need to devise new strategies to attract depositors, financial services secretary Vivek Joshi said, even as he noted that Indian banks' low-cost deposits, current and savings accounts (CASA), are comfortable at around 41% of their total deposits.In a...
Cryptocurrencies rebound with risk assets Friday after two down days
Crypto prices rose on Friday following two down days in which investors rotated out of risk assets.Bitcoin was last higher by 4.5% at $67,720.83, according to Coin Metrics, and ether advanced 4% to $3,248.25.In equities, the tech-heavy Nasdaq Composite and the...
BitMEX Announces Updates to Basket Indices
Jessie A Ellis Jul 26, 2024 09:12 BitMEX has updated the weight and index multiplier of its basket indices, impacting several key indices as of July 26, 2024. BitMEX, a leading cryptocurrency exchange, has...
Bank of England Preview – A Dovish Hold; Limited EUR/GBP Downside Potential
We expect the Bank of England (BoE) to keep the Bank Rate unchanged at 5.25% on 1 August. We stress that it is a very close call not least due to the very limited amount of communication from the MPC over the past months. Overall, we expect the BoE to deliver a dovish...
MAS has maintained a monetary policy. Japan’s inflation is on the rise :: InvestMacro
By JustMarketsAt Thursday’s close, the Dow Jones Index (US30) added 0.20%, while the S&P 500 Index (US500) was down 0.51%. The NASDAQ Technology Index (US100) closed negative 0.93%. Stocks continued to decline on Thursday amid weakness in chip stocks and selloffs...
Morgan Stanley, Societe Generale buy shares worth Rs 447 crore in RBL Bank via block deals, ET BFSI
Morgan Stanley Asia Singapore Pte bought over 1.25 crore shares worth Rs 285 crore in RBL Bank on Thursday via a block deal. It was not the only buyer as France's Societe Generale too purchased nearly 71 lakh shares at a total cost of Rs 162 crore. The shares were...
RBI selects 5 entities for test phase under fifth cohort of Regulatory Sandbox, ET BFSI
The Reserve Bank of India (RBI) on Friday announced five entities were selected for the test phase of the regulatory sandbox’s theme-neutral fifth cohort that it had announced in October last year.It was announced earlier itself by the central bank that the Fifth...
Personal cybersecurity concierge is new perk, and need, among wealthy
Matthias Kulka | The Image Bank | Getty ImagesCybercriminals are increasingly targeting wealthy individuals, making cybersecurity concierges a new must-have for the rich and their families, including executives.While companies are spending heavily on cybersecurity,...
Sunset Market Commentary – Action Forex
Markets Markets finally took a breather this morning after recent sharp risk-off repositioning especially in equities and interest rates. However, it doesn’t feel as if a sharp, sustained countermove is already in store. Initial ‘gains’ in yields, gradually...
Sales of $100 million homes set to double this year
A view of the Central Park Tower at 217 West 57th St. in New York City.Source: Cody Boone, SERHANT StudiosA 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...
Binance Completes Render (RNDR) Token Swap and Rebranding to Render (RENDER)
Lawrence Jengar Jul 26, 2024 10:26 Binance has successfully completed the token swap and rebranding of Render (RNDR) to Render (RENDER), opening new trading pairs and enabling deposits and withdrawals. Binance,...
Trillion Dollar Titans In Focus :: InvestMacro
4 of the so-called “Magnificent 7” set to publish earningsCombined market cap of 4 tech giants over $9 trillionBeyond earnings, key focus remains on AI initiativesMeta could move almost 10% ↑ or ↓ post-earningsApple biggest company in the world reports results...
‘Banks to follow home loan growth story for MSMEs’, BFSI News, ET BFSI
NEW DELHI: Banks will be asked to tap into the "digital footprint" of small businesses, including salary payments, electricity bills and municipal taxes paid by them, along with GST and provident fund details, to decide on loans given to them as govt seeks to...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2822; (P) 1.2876; (R1) 1.2903; More… No change in GBP/USD’s outlook and intraday bias stays neutral. Further rally is expected with 1.2859 resistance turned support intact. Break of 1.3043 will resume the rise from 1.2298. However, firm break of...
Binance Concludes 7YA Product Guides Study Week with Rewards Distribution
Darius Baruo Jul 26, 2024 12:07 Binance concludes its 7YA Product Guides Study Week, addressing quiz feedback and distributing token voucher rewards to participants. Binance Wraps Up 7YA Product Guides Study...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0825; (P) 1.0848; (R1) 1.0867; More….. Intraday bias in EUR/USD remains neutral at this point. Deeper fall is in favor as long as 1.0896 minor resistance holds. Below 1.0825 will target 55 D EMA (now at 1.0813). Sustained break there will argue...
Cons PAT rises 2% YoY to Rs 2,171 crore, NII jumps 11%, ET BFSI
IndusInd Bank on Friday reported a consolidated profit after tax (PAT) of Rs 2,171 crore for the quarter ended June 30, 2024, which was up by 2% over Rs 2,124 crore reported by the lender in the year-ago period. The net interest income (NII) grew by 11% YoY to Rs...
Trump’s Potential Bitcoin (BTC) Strategic Reserve Sparks Debate
Alvin Lang Jul 26, 2024 12:54 Rumors suggest Trump may propose Bitcoin as a strategic reserve asset, impacting global crypto regulation and policy, according to Bitfinex. Rumors are circulating that former...
LVMH CEO Bernard Arnault: Olympics sponsorship honors France
For the first time a luxury brand is an Olympic sponsor. And it's not just one brand, it's the empire of LVMH."We tried to find a way with the Olympic Committee – to be able to show maybe something that has never been done before with the Olympics," LVMH Chairman and...
Forex Markets Steady as Traders Shrug US PCE Data
Trading in the forex markets remains subdued today as investors take a breather from a week of high volatility. Most major currency pairs and crosses are trading within yesterday’s ranges, with little reaction to US PCE inflation data. Annual Core PCE rate was...
India to push forward IDBI Bank stake sale after key clearance, ET BFSI
By Nikunj Ohri and Manoj KumarNEW DELHI - India will press ahead with the delayed sale of a majority stake in IDBI Bank after central bank clearance, opening bids for the lender before the end of the financial year, a top finance ministry official said on Friday.The...
RBI unveils new corrective action framework for Urban Co-operative Banks, ET BFSI
RBI unveils new corrective action framework for Urban Co-operative BanksNew Delhi [India], July 26 (ANI): The Reserve Bank of India has issued a corrective action framework for primary Urban Cooperative Banks (UCBs), which shall be followed promptly.The provisions of...
Biogen Eisai Alzheimer’s drug Leqembi rejected by European regulator
European drug regulators on Friday rejected the Alzheimer's treatment Leqembi from Biogen and Eisai, creating another hurdle for the companies as they scramble to boost uptake of the therapy in the U.S. The European Commission, the EU's executive body, has a final say...
Short seller Andrew Left charged with fraud by prosecutors, SEC
Andrew Left, founder and CEO of Citron ResearchAdam Jeffery | CNBCFederal prosecutors have criminally charged the well-known short seller and analyst Andrew Left with securities fraud related to allegedly using his public platform to illegally profit to the tune of at...
US PCE inflation slows to 2.5% in Jun, but core PCE unchanged at 2.6%
US PCE price index rose 0.1% mom in June, matched expectations. Core CPI (excluding food and energy) rose 0.2% mom, matched expectations. Prices for goods decreased -0.2% mom and prices for services increased 0.2% mom. Food prices increased 0.1% mom and energy prices...
SFC and IA Collaborate to Address Cross-Sector Irregularities
Felix Pinkston Jul 26, 2024 12:31 The Securities and Futures Commission (SFC) and the Insurance Authority (IA) have joined forces to tackle cross-sector irregularities, enhancing regulatory oversight. The...
Awaiting Next Correction :: InvestMacro
By RoboForex Analytical DepartmentThe USD/CAD pair ended its continuous upward trend on Friday, 26 June 2024, settling around 1.3813, signalling a potential shift towards correction.The Bank of Canada decided to lower the interest rate from 4.75% p.a. to 4.50% p.a. at...
SBI Amrit Vrishti FD interest rate vs other big banks’ 400-day fixed deposits, ET BFSI
State Bank of India (SBI) has introduced a new special fixed deposit (FD) known as SBI Amrit Vrishti, offering higher interest rates for a limited time. Here is a comparison of the interest rates for SBI Amrit Vrishti FD with other banks like PNB, Canara, Bank of...
XAU/USD Outlook: Gold Edges Higher from Daily Cloud Top as Markets Await Release of US Data
Gold price rose on Friday, as traders collected some profits from sharp fall in past two days (down nearly 3%), with strong acceleration lower on Thursday being sparked by upbeat US Q2 GDP numbers. Strong technical support, provided by the top of daily Ichimoku cloud,...
Why deregulation may not unlock media deals for WBD, others
David Zaslav at the Allen & Company Sun Valley Conference on July 9, 2024 in Sun Valley, Idaho.David Grogan | CNBCComcast Chief Executive Officer Brian Roberts had a not-so-subtle message this week for Warner Bros. Discovery CEO David Zaslav: If you're selling,...
Performance of Dollar Again Unconvincing, Mixed at Best
Markets The IT-driven risk-off initially supported a classic safe haven run on core bonds yesterday. German yields at some point lost another 5-7 bps. However, equities gradually found a bottom going in the opening of US markets, looking forward the US data. US Q2 GDP...
BitMEX Announces Changes to Minimum Price Increments for XBTUSD and ETHUSD
Tony Kim Jul 26, 2024 11:49 BitMEX will adjust the Minimum Price Increments for Bitcoin (XBTUSD) and Ethereum (ETHUSD) perpetual swaps starting 31 July 2024. BitMEX has announced upcoming changes to the Minimum...
India New Issue-Tata Capital Housing to reissue multiple tenor bonds, bankers say, ET BFSI
MUMBAI, - India's Tata Capital Housing Finance plans to raise 10 billion rupees ($119.4 million), which includes a greenshoe option of 8 billion rupees, through the reissue of 7.8445% September 2026 bonds and 8% November 2027 bonds, two merchant bankers said on...
NBC Paris Olympics coverage could boost Peacock streaming
The Paris 2024 logo representing the Olympic Games is displayed near the Eiffel Tower in Paris on April 21, 2024, in anticipation of the 2024 Paris Olympic Games and Paralympic Games.Chesnot | Getty ImagesThe Paris Olympics will offer Comcast another chance to lift...
GBPJPY Extends Decline to a Fresh 2-month Low
GBPJPY pulls back from its 16-year peak of 208.10 The pair falls to its lowest level since May 16 RSI and MACD warn of an overstretched retreat GBPJPY has been in a prolonged uptrend since early 2024, posting a 16-year high of 208.10 on July 11. However, the pair has...
Binance Expands Render (RENDER) Trading and Investment Options
Felix Pinkston Jul 26, 2024 11:14 Binance has announced the addition of Render (RENDER) to its Earn, Buy Crypto, Convert, Margin, and Futures platforms starting July 26, 2024. Binance, one of the world's leading...
Bristol Myers Squibb (BMY) earnings Q2 2024
The Bristol Myers Squibb research and development center at Cambridge Crossing in Cambridge, Massachusetts, on Dec. 27, 2023.Adam Glanzman | Bloomberg | Getty ImagesBristol Myers Squibb on Friday reported second-quarter earnings and revenue that topped expectations...
RBI deputy chief, ET BFSI
Mumbai, The Indian financial system is stronger than in the past and the country's economy is an outlier which is growing steadily even as the global financial system is facing strong headwinds, according to RBI Deputy Governor M. Rajeshwar Rao. "If we exclude...
SFC Announces New Appointments and Re-Appointments of Non-Executive Directors
Jessie A Ellis Jul 26, 2024 10:54 The Securities and Futures Commission (SFC) has welcomed the appointment and re-appointment of several Non-Executive Directors. The Securities and Futures Commission (SFC) has...
The Importance of ChatGPT Certification for AI Professionals
ChatGPT revised the conventional views on artificial intelligence which painted it as a malicious servant that may take over mankind. Users can now talk to AI with the help of ChatGPT. The AI chatbot can answer questions on different topics included in its training...
USD/JPY Remains Volatile, US PCE Price Index Next
The Japanese yen has hit the brakes on this week’s impressive rally. USD/JPY is trading at 154.34 in the European session, up 0.30% on the day. On Thursday, the yen climbed as much as 1.3% but gave up all of those gains after the strong US GDP report. Still, the yen...
Cons PAT jumps 19% YoY to Rs 2,023 crore, meets estimates, ET BFSI
Shriram Finance on Friday reported a consolidated net profit of Rs 2,022.8 crore (attributable to owners of the company) for the quarter ended June 30, 2024, which was in line with Street's estimates of Rs 2,021 crore. It was up by 19% over Rs 1,705 crore reported by...
Dexcom (DXCM) Q2 earnings report
The Dexcom logo is seen on a smartphone screen and in the background.Pavlo Gonchar | SOPA Images | Lightrocket | Getty ImagesShares of Dexcom tumbled almost 40% in extended trading Thursday after the diabetes management company reported disappointing revenue for the...
Dollar Index Remains Within Near-Term Range Ahead of Key US Inflation Data
The dollar index edged higher in Friday morning but is still holding within a choppy range that extends into sixth straight day. Long tails of daily candle of past two days and repeated closes above north turning 10DMA, add to existing bullish near-term bias. Fresh...
DBS Bank study reveals Indian businesses more focused than global peers on ESG reporting, compliance, ET BFSI
The findings of the DBS Bank study point to the fact that companies that embrace the more involved role of their treasury and finance leaders and enable them to adapt to new responsibilities, stand to benefit from a more informed approach to unlocking new...
Binance Announces 50,000 FDUSD Rewards for Completing Deposit and Trading Tasks
Luisa Crawford Jul 26, 2024 09:46 Binance launches a promotion offering a share of 50,000 FDUSD to selected users who complete deposit and trading tasks during the specified period. Binance has unveiled a new...
Galaxy AI, mixed reality and foldables
TM Roh, the head of Samsung's mobile business, talked about the company's new products at the Galaxy Unpacked event in Paris, France on July 10, 2024. Samsung unveiled a slew of new products including foldable smartphones, new smartwatches and the Galaxy Ring.Arjun...
USDCAD Eases After Aggressive Rally to 1.3845
USDCAD exits from consolidation area Momentum oscillators indicate bearish correction USDCAD rallied towards the 1.3845 high and completed the seventh consecutive green day on Thursday following the bounce off the 200-day simple moving average (SMA) near 1.3600. The...
Obama endorses Kamala Harris as she builds momentum against Donald Trump
WASHINGTON — Former President Barack Obama and Michelle Obama endorsed Vice President Kamala Harris for president, in a short video released Friday by the Harris campaign.The 55-second clip shows the vice president walking backstage at an event, heading toward her...
Why are largecap banks underperforming? Sandip Sabharwal explains, ET BFSI
"Indian markets have held up, but given the overall result construct as well as the valuations at this stage, this is a time to be cautious in the markets. I would think that markets need to give up some gains for them to come to levels where fresh money can be put to...
Kamala Harris debuts official TikTok account as presidential campaign picks up
U.S. Vice President Kamala Harris delivers the keynote speech at the American Federation of Teachers' 88th national convention in Houston, Texas, U.S. July 25, 2024. Kaylee Greenlee Beal | ReutersVice President Kamala Harris debuted an official TikTok account on...
ECB consumer survey: Inflation expectations steady, economic growth outlook deteriorates
The latest ECB Consumer Expectations Survey results revealed stable inflation expectations but a more negative outlook for economic growth. Median inflation expectations for the next 12 months remained unchanged at 2.8%, holding at their lowest level since September...
MSDE revamps Model Skill Loan Scheme; raises loan limit to Rs 7.5 lakh, ET BFSI
The ministry of skills development and entrepreneurship has enhanced the limit of loans provided by the government for skilling under the credit guarantee fund scheme to Rs 7.5 lakh from Rs 1.5 lakh, besides widening the lending network to include small finance banks...
UK to allow research payments bundling, reform secondary offering prospectus requirements
UK financial regulator The Financial Conduct Authority (FCA) has announced that it will be setting out new rules and proposals to build up UK wholesale markets. The FCA said it has set out a package of measures designed to help strengthen the UK’s capital markets and...
GIFT IFSC gets a big bonanza from Union Budget with VCC structure, ET BFSI
The Union Budget 2024-25 has introduced several incentives to bolster the International Finance Services Centre (IFSC) at GIFT City in Gujarat, enhancing the "ease of doing business" and providing greater clarity for various financial instruments. The Budget has...
