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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...
Nvidia supplier SK Hynix to build $6.8 billion chip plan in South Korea
SK Hynix logo displayed on a phone screen as seen in this illustration photo taken in Krakow, Poland on January 30, 2023.Jakub Porzycki | Nurphoto | Getty ImagesMemory chip giant SK Hynix on Friday said it plans to invest 9.4 trillion Korean won ($6.8 billion) to...
Binance Introduces FDUSD Flexible Products with Up to 11.5% APR Rewards
James Ding Jul 26, 2024 08:57 Binance launches a promotion for FDUSD Simple Earn Flexible Products, offering up to 11.5% APR rewards for eligible users during the promotion period. Binance, a leading...
Benchmark g-sec yield eases further following Budget announcements, ET BFSI
Mumbai: India's 10-year benchmark sovereign bond yield retreated Thursday, closing at 6.951%, following budgetary announcements that sought to narrow the fiscal gap through judicious use of the bumper surplus the government received from its money manager - the...
Harris Trump debate should be Sept. 10, without ‘backpedaling’
Vice President Kamala Harris speaks to reporters upon arrival at Joint Base Andrews in Maryland on July 25, 2024.Brendan Smialowski | AFP | Getty ImagesDe facto Democratic presidential nominee Kamala Harris said on Thursday she is "ready to debate" her Republican...
Crypto Market Takes a Chance on Recovery
Market Picture The cryptocurrency market rallied 3.4% overnight to $2.4 trillion, taking advantage of the mixed performance of US indices, with the Russell2000 and Dow Jones up and the Nasdaq100 and S&P500 down. It’s not a full recovery, but it’s the second bounce...
CrowdStrike CEO says 97% of Windows sensors back online after outage
The blue screen of death errors on computer screens are viewed due to the global communications outage caused by CrowdStrike, which provides cyber security services to US technology company Microsoft, on July 19, 2024 in Ankara, Turkey. Harun Ozalp | Anadolu | Getty...
Ethereum Developers Discuss Pectra Devnet 1 and Engine API Updates in Call #138
Peter Zhang Jul 26, 2024 07:39 Ethereum developers gathered for the All Core Developers Consensus Call #138 to discuss Pectra Devnet 1, Engine API updates, and other important changes. On July 25, 2024, Ethereum...
Hinduja Leyland Finance to go public via reverse merger with NXTDigital, ET BFSI
Mumbai: Ashok Leyland will be listing its vehicle finance unit, Hinduja Leyland Finance (HLF), on the stock exchange via a reverse merger with NXTDigital, a listed media company of the Hinduja Group, in the current financial year as the company seeks to unlock the...
Singapore central bank proposes simplified leverage provisions for REITs, ET BFSI
Singapore's central bank on Thursday said it is seeking views on its proposal to simplify the leverage requirements for all real estate investment trusts (REITs) to cap the debt they can take on and reduce default risks.All Singapore REITs will be subject to a minimum...
How govt has beefed up financial support to MSMEs in Union Budget, ET BFSI
The Union Budget 2024-25 has introduced several initiatives to strengthen the Micro, Small, and Medium Enterprises (MSME) sector, including a credit guarantee scheme aimed at facilitating term loans for purchasing machinery and equipment without collateral or...
Top 1% bags over $40 trillion in new wealth as taxes on the rich reach historic lows: Oxfam, ET BFSI
The richest 1 percent have amassed $42 trillion in new wealth over the past decade, nearly 34 times more than the entire bottom 50 percent of the world’s population, according to new analysis by Oxfam ahead of the third meeting of G20 Finance Ministers and Central...
FX option expiries for 26 July 10am New York cut
There aren't any major expiries to take note of on the day. As such, traders will be left to their own devices again for the most part in the session ahead. USD/JPY volatility will remain a factor, alongside the overall risk mood. The latter is slightly better today...
Apple loses top 5 spot in China smartphone market as domestic brands dominate
Customers are shopping for the iPhone 15 at the flagship store of Apple Smart Products on Nanjing Road Pedestrian Street in Shanghai, China, on May 24, 2024. Costfoto | Nurphoto | Getty ImagesApple was edged out of the top five smartphone vendors' list in China in the...
GM’s newest sports car tops 1,000 horsepower
2025 Chevrolet Corvette ZR1 Coupe with ZTK Performance Package.DETROIT — General Motors' newest Chevrolet Corvette will be the most powerful version of the American sports car ever produced — and it's not even close.The Detroit automaker said Thursday the 2025 Chevy...
‘I will not be silent’
Vice President Kamala Harris said "Israel has a right to defend itself ... and how it does so matters." Harris' remarks followed a meeting she held with Israeli Prime Minister Benjamin Netanyahu in Washington Thursday."It is time for this war to end and end in a way...
Calmer Markets Shift Focus to US PCE Inflation Data
The forex markets have calmed down considerably in Asian session after a week of significant wild ride. Despite the pause, the risk-averse sentiment persists. Yen, which has led the charge this week, is starting to take a breather. It remains the runaway leader,...
Eddie Yue Reappointed as Chief Executive of Hong Kong Monetary Authority
Alvin Lang Jul 26, 2024 08:01 Eddie Yue has been reappointed as the Chief Executive of the Hong Kong Monetary Authority for another five-year term, beginning in October 2024. Eddie Yue has been reappointed as...
Kamala Harris blasts Trump agenda in teachers union speech
Vice President Kamala Harris delivers the keynote speech at the American Federation of Teachers' 88th National Convention in Houston, July 25, 2024.Brendan Smialowski | AFP | Getty ImagesVice President Kamala Harris in a fiery speech Thursday blasted the policy agenda...
US durable goods orders falls -6.6% mom, but ex-transport orders up 0.4% mom
US durable goods orders fell sharply by -6.6% mom to USD 264.5 in June, much worse than expectation of 0.4% mom rise. However, ex-transportation orders rose 0.5% mom to USD 188.7B, above expectation of 0.2% mom. Ex-defense orders fell -7.0% mom to USD 247.6B....
Higher bad loans due to seasonal stress in agri biz, indicates Axis Bank, ET BFSI
Axis Bank, India’s third-biggest private lender by market value, Wednesday indicated that sequential decline in asset quality metrics was due to seasonal effect on the agriculture business.Asset quality for the lender deteriorated sequentially, rising 11 basis points....
IBM Research Advances Natural Language Processing Capabilities
Tony Kim Jul 24, 2024 20:13 IBM Research is developing advanced AI systems to parse and unlock data from vast bodies of text, enhancing enterprise transformation. IBM Research is making significant strides in...
Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’
Jul 25, 2024 18:52 UTC | Updated: Jul 25, 2024 at 18:52 UTC By Clark Cryptocurrency markets are often turbulent, but they offer promising opportunities for informed investors. Shiba Inu (SHIB) and a relatively new player, RCO Finance (RCOF),...
Melania Trump memoir release set before 2024 election
Melania Trump speaks from the podium on the first night of the Republican National Convention in Cleveland, Ohio, on July 18, 2016.Mark Reinstein | Archive Photos | Getty ImagesFormer first lady Melania Trump's upcoming memoir will hit bookstores on Sept. 24, her...
GBP/USD Faces Downward Pressure Amid US Dollar Strength
GBP/USD pair is down to 1.2892 on Thursday. Selling intensified on the 18th of July. Since then, GBP has remained under pressure, although it is making attempts to stabilise. Statistics released earlier showed that UK private sector activity improved in July. PMI data...
EQT AB is likely to sell a 7.9% stake in RBL Bank on Thursday through block deals, ET BFSI
EQT AB is likely to sell its entire 7.9% stake in RBL Bank on Thursday through an open market transaction. The deal is estimated at around Rs 1,081 crores ($129 million) at the floor price.IIFL Securities is the sole book runner for the deal. According to the term...
OpenAI announces a search engine called SearchGPT; Alphabet shares dip
OpenAI on Thursday announced a prototype of its own search engine, called SearchGPT, which aims to give users "fast and timely answers with clear and relevant sources." The company said it eventually plans to integrate the tool, which is currently being tested with a...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 152.68; (P) 154.33; (R1) 155.56; More… Intraday bias in USD/JPY is turned neutral first with current recovery, and some consolidations would be seen above 151.93 temporary low. But risk will remain on the downside as long as 155.36 support turned...
IBM Research Leverages AI to Modernize Aging Codebases
Felix Pinkston Jul 24, 2024 20:46 IBM Research is employing AI to automate programming and refactoring, aiding enterprises in modernizing their software stacks. IBM Research is at the forefront of utilizing...
SC stays Madras HC order asking RBI to evaluate assets of LVB & Indian arm of DBS Singapore, ET BFSI
In a relief to Reserve Bank of India, the Supreme Court on Wednesday stayed a Madras High Court order asking it to determine the value of shares, assets and investor bonds of the cash-strapped Lakshmi Vilas Bank (LVB) and the Indian subsidiary of DBS Bank of...
U.S. Economic Resilience on Display in the Second Quarter
The U.S. economy surprised to the upside in the second quarter of 2024, expanding by 2.8% quarter-on-quarter (q/q, annualized) against expectations for around 2%. Looking under the hood, consumer spending was slightly stronger than we had forecast, advancing by 2.3%...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8813; (P) 0.8868; (R1) 0.8907; More… Intraday bias in USD/CHF remains on the downside for the moment. Fall from 0.9223 is in progress for 61.8% retracement of 0.8332 to 0.9223 at 0.8672. For now, risk will stay on the downside as long as 0.8923...
Binance Square Unveils $10,000 PIXEL Token Giveaway
Rebeca Moen Jul 25, 2024 17:30 Binance Square launches a $10,000 PIXEL token giveaway for verified users who complete specified tasks. The activity runs from July 25 to August 8, 2024. Binance Square has...
Key Insights on Decentralized Social Networks from Mask Network and Lens Protocol
Luisa Crawford Jul 24, 2024 21:22 Mask Network's Suji Yan and Lens Protocol's Stani Kulechov discuss the future of decentralized social networks at ETHCC. Exploring the Future of Decentralized Social...
Profit rises 10% YoY to Rs 3,905 crore, NII up 6%, ET BFSI
Canara Bank on Thursday posted a net profit of Rs 3,905 crore in the first quarter, up about 10% from Rs 3,534 crore in the same quarter of last year.Net interest income (NII) during the reporting quarter increased 6% year-on-year (YoY) to Rs 9,166 crore against Rs...
Lineage begins trading in stock market’s largest IPO of 2024
Lineage, the largest temperature-controlled warehouse real estate investment trust (REIT) in the world, rose by as much as 5% in its Nasdaq Stock Market debut on Thursday, after going public under the ticker symbol "LINE."Lineage priced 57 million shares at $78 apiece...
‘Deadpool and Wolverine’ set for highest opening of an R-rated film
Ryan Reynolds and Hugh Jackman star in Marvel's "Deadpool and Wolverine."DisneyThe "Merc with a Mouth" returns to the big screen this weekend, and he's doing more than bringing an R-rating to Disney's Marvel Cinematic Universe."Deadpool and Wolverine," the third...
RBI releases draft guidelines on tighter liquidity norms for banks, ET BFSI
The Reserve Bank of India (RBI) on Thursday released draft guidelines aimed at bolstering the liquidity resilience of banks amid the increased usage of technology.“Banking has undergone rapid transformation in recent years. While increased usage of technology has...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2877; (P) 1.2907; (R1) 1.2938; More… Intraday bias in GBP/USD remains neutral first. 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 1.2859 will turn...
Major Tech, Kids Safety Reform Bills Face Senate Vote
Senate Majority Leader Charles Schumer, D-N.Y., fields questions about the candidacy of President Joe Biden after the senate luncheons in the U.S. Capitol on Tuesday, July 9, 2024.Tom Williams | CQ-Roll Call, Inc. | Getty ImagesThe Senate is poised to take a key vote...
Security clearances in place, RBI’s nod expected soon, ET BFSI
The potential investors in IDBI Bank have received necessary security clearance from the Home Ministry and a nod from the Reserve Bank is expected to come in soon, an official said on Thursday. The government along with LIC is selling a nearly 61 per cent stake in...
Boeing’s crewed Starliner flight won’t return until August
Boeing's Starliner spacecraft is pictured docked to the International Space Station.NASABoeing's crew spacecraft Starliner will stay docked with the International Space Station into August, NASA confirmed on Thursday, as the mission remains on hold while the company...
El Tor Enhances Tor Network with High-Bandwidth Bitcoin Lightning Integration
Zach Anderson Jul 24, 2024 22:00 El Tor leverages Bitcoin Lightning Network to boost Tor's bandwidth, security, and decentralization. Users earn Satoshis by hosting Tor relays. Future plans include expanding the Directory Server and...
Sunset Market Commentary
Markets Risk off quickly spread from the US yesterday to Asian and later European dealings today. Triggered by AI/tech companies on Wall Street yesterday, the equity sell-off broadened in the likes of the EuroStoxx50 amid weaker guidance from consumer staples...
Exclusive: Kuwait CFDs broker NCM gets FCA license, adds UK executives
FNG Exclusive… FNG has learned that Kuwait based online brokerage firm NCM Financial has plans to expand to the UK. NCM set up a new UK subsidiary NCM Financial UK Ltd in late 2021, and in 2022 began the application process for an FCA license for the new entity. The...
Govt focus on fiscal health spurs FPI flows into g-secs, BFSI News, ET BFSI
Mumbai: The Centre's commitment to fiscal consolidation in the budget seems to have spurred foreign investors to step up purchases of government bonds, with overseas investment in such debt well poised to head past the $2 billion-per-month flow that was expected after...
Hasbro (HAS) earnings Q2 2024
Hasbro board games are seen for sale at a Target store on December 12, 2023 in Austin, Texas. Brandon Bell | Getty ImagesToy company Hasbro beat Wall Street expectations for the second-quarter on Thursday, thanks in part to growth in its digital gaming segment. Shares...
USD/JPY – Yen on a Tear, US GDP Blows Past Forecast
The Japanese yen continues to gain ground against the US dollar. USD/JPY is trading at 153.68 early in the North American session, down 0.14% on the day. Earlier today, USD/JPY fell as low as 151.93 (1.3%), its lowest level since May 3, before paring most of these...
GBP/USD Faces Downward Pressure Amid US Dollar Strength :: InvestMacro
By RoboForex Analytical DepartmentGBP/USD pair is down to 1.2892 on Thursday. Selling intensified on the 18th of July. Since then, GBP has remained under pressure, although it is making attempts to stabilise.Statistics released earlier showed that UK private sector...
Meta Unveils Llama 3.1: Enhanced AI Models with Multilingual Support
Lawrence Jengar Jul 24, 2024 22:27 Meta introduces Llama 3.1, featuring expanded context length and support across eight languages, including the pioneering 405B open-source AI model. Meta has officially...
What are new capital gains tax provisions announced in Budget? CBDT explains, ET BFSI
Finance Minister Nirmala Sitharaman in Union Budget 2024 announced significant modifications to the taxation of capital gains. She said the primary objectives of these changes are to simplify the tax regime and enhance tax compliance.The Budget proposal said that...
Fed Preview: Opening the Door But Not Pre-committing
We expect the Federal Reserve to maintain its monetary policy unchanged next week. Focus will be on upcoming rate cuts, which we expect to begin in September. The two latest CPI prints have built significant confidence in inflation remaining en route to target, but...
Ford, GM, Stellantis stocks fall after disappointing earnings reports
A Ford Bronco on display at the New York International Auto Show on March 28, 2024. Danielle DeVries | CNBCDETROIT – Ford Motor is leading a decline in major U.S. automotive stocks this week amid disappointing results and investor skepticism around future...
Security clearances in place, RBI’s nod expected soon, ET BFSI
The potential investors in IDBI Bank have received necessary security clearance from the Home Ministry and a nod from the Reserve Bank is expected to come in soon, an official said on Thursday. The government along with LIC is selling a nearly 61 per cent stake in...
Elon Musk never told me he would give $45 million a month
Republican presidential nominee and former U.S. President Donald Trump speaks as he campaigns in Charlotte, North Carolina, U.S. July 24, 2024. Marco Bello | ReutersDonald Trump on Thursday said Elon Musk "never told me" he would pledge $45 million a month to support...
Vegas transit system first in U.S. to fully deploy AI scan for weapons
A sign promoting safety is seen on the Regional Transportation Commission 109 Maryland Parkway bus in Las Vegas Thursday, June 8, 2023.Las Vegas Review-journal | Tribune News Service | Getty ImagesOn your next visit to Vegas, an extra set of eyes will be watching you...
Robinhood launches joint accounts – FX News Group
US neobroker Robinhood (NASDAQ:HOOD) has announced that it is launching joint investing accounts, which allow customers to seamlessly manage investments with their partner while keeping their shared assets in one place. Joint accounts make investing more collaborative...
What to Expect from Markets in the Run Up to US Elections?
Presidential race dominates headlines and complicates Fed’s job Equities suffered in the two months leading up to the last six presidential elections Market’s performance in the 2016 pre-election period could be a useful guide Dollar strengthened in 2016 but equities...
Bitfinex Rolls Out Mobile App Version 6.22.0 with Key Improvements and Fixes
Peter Zhang Jul 24, 2024 22:57 Bitfinex has released Version 6.22.0 of its mobile app, featuring notable improvements and fixes for enhanced user experience. Bitfinex has unveiled Version 6.22.0 of its mobile...
Rupee’s downward bias likely to persist; cenbank expected to help out, ET BFSI
Foreign investors withdrew more than USD 350 million from Indian shares on Tuesday. They had invested nearly USD 5 billion this month before Tuesday.The Indian rupee is expected to decline further on Wednesday due to a rise in the dollar index and a possible slowdown...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0821; (P) 1.0844; (R1) 1.0861; More….. Intraday bias in EUR/USD stays on the downside, and fall from 1.0947 short term top should extend to 55 D EMA (now at 1.0813). Sustained break there will argue that whole rebound from 1.0601 has completed...
Top Picks for Data Center Investment Surge :: InvestMacro
By The Ino.com TeamThe expected record spending on infrastructure by cloud computing leaders such as Microsoft Corporation (MSFT) and Amazon.com, Inc. (AMZN) this year highlights the escalating investments in artificial intelligence (AI) data centers, a trend likely...
Codestral Mamba: NVIDIA’s Next-Gen Coding LLM Revolutionizes Code Completion
Jessie A Ellis Jul 24, 2024 23:33 NVIDIA's Codestral Mamba, built on Mamba-2 architecture, revolutionizes code completion with advanced AI, enabling superior coding efficiency. In the rapidly evolving field of...
INSCO resolution plan for HNGIL raises threat to unsecured financial creditors, current employees, ET BFSI
Months after the State Bank of India (SBI) attempt to attract investors at an auction to sell Rs 1,703 crore debt of Hindusthan National Glass & Industries (HNGIL), the COC (Committee of Creditors) are seeking solution with Independent Sugar. The current...
Trump raises more than $4 million in bitcoin, other cryptocurrencies
Republican Presidential nominee and former President Donald J. Trump holds campaign rally at the Van Andel Arena in Grand Rapids, Michigan on July 20, 2024. Bill Pugliano | Getty Images News | Getty ImagesNASHVILLE — Former President Donald Trump is headed to...
India’s PNB Housing Finance posts Q1 profit rise on steady home loan demand, ET BFSI
BENGALURU - India's PNB Housing Finance reported a near 25% rise in first-quarter profit on Thursday, helped by a steady demand for home loans.The company's consolidated net profit rose to 4.33 billion rupees ($51.7 million) for the quarter ended June 30, up from 3.47...
Dollar Edges Up After Strong Q2 GDP, Yen Finally Retreats
Dollar rises modestly in early US trading following stronger-than-expected Q2 GDP data. The robust performance overshadowed the mixed durable goods orders data, instilling some optimism in the market. Despite this, overall market reactions remain subdued. US futures...
Cryptocurrencies suffer alongside tech stock rout, ether slides 6%
Picture Alliance | Getty ImagesCryptocurrencies fell one day after a reversal in technology stocks pushed the S&P 500 and Nasdaq Composite to their worst day since 2022.Bitcoin was lower by 2% at $64,299.18 early Thursday, according to Coin Metrics. Disappointing...
NVIDIA Enhances Product Configurators with OpenUSD Integration
Joerg Hiller Jul 25, 2024 00:10 NVIDIA integrates OpenUSD with Omniverse and generative AI, streamlining product configurator development for hyperpersonalized digital experiences. Developers are leveraging...
Coinbase hit with £3.5M FCA fine in first UK enforcement action against enabling crypto trading
UK financial regulator FCA has announced that it has fined CB Payments Limited (CBPL) a sum of £3,503,546, for repeatedly breaching a requirement that prevented the firm from offering services to high-risk customers. CBPL is part of the Coinbase Group, which operates...
Viking Therapeutics stock jumps on weight loss injection trial plans
Weight loss drug concept.Cr | Istock | Getty ImagesShares of Viking Therapeutics jumped 16% in premarket trading Thursday after the biotech company a day earlier announced plans to advance its experimental weight loss injection into a late-stage trial earlier than...
Don’t take inflation lightly, Chidambaram cautions government, ET BFSI
New Delhi, Former finance minister P Chidambaram on Wednesday cautioned the government against taking inflation lightly, saying every family is hit hard by price rise and asked why the RBI has not reduced bank rates for 13 months if it was low as claimed. Initiating...
Elliott Wave Analysis: USDCAD Turning Upside from Sideways
Hello traders, welcome to a new blog post. Today, we will discuss USDCAD as the pair is set to break out of a range that has lasted over two years. How soon can the breakout happen? In May 2021, USDCAD completed a five-year-long bearish corrective cycle that started...
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...
GE HealthCare taps Amazon Web Services to build generative AI for medical use
Jakub Porzycki | Nurphoto | Getty ImagesGE HealthCare on Thursday announced it is teaming up with Amazon Web Services to build new generative artificial intelligence models and tools that can efficiently analyze complex medical data.The health-care industry is...
Southwest Airlines (LUV) earnings Q2 2024
Southwest Airlines on Thursday forecast a potential drop in unit revenue for the third quarter as an oversupplied U.S. market has forced airlines to discount tickets during what is usually the most lucrative period of the year.Southwest said unit revenue for the...
The Bank of Canada lowered the rate for the second time. The People’s Bank of China unexpectedly cut its one-year lending rate :: InvestMacro
By JustMarketsAt the end of Tuesday, the Dow Jones Index (US30) decreased by 1.25%, while the S&P 500 Index (US500) was down 2.31%. The NASDAQ Technology Index (US100) closed negative 3.64%. Stocks fell yesterday amid disappointing earnings from Tesla and Google...
NORAD says it tracked Chinese and Russian long-range bombers off Alaska
In this pool photograph distributed by the Russian state agency Sputnik, Russia's President Vladimir Putin and China's President Xi Jinping attend an official welcoming ceremony in front of the Great Hall of the People in Tiananmen Square in Beijing on May 16,...
US initial jobless claims falls to 235k vs exp 238k
US initial jobless claims fell -10k to 235k in the week ending July 20, slightly below expectation of 238k. Four-week moving average of initial claims was relatively unchanged at 236k. Continuing claims fell -9k to 1851k in the week ending July 13. Four-week moving...
Microsoft’s AI Red Team Adopts Hacker Mindset to Enhance Security
Darius Baruo Jul 25, 2024 00:47 Microsoft's AI Red Team employs a hacker's mindset to identify and mitigate potential generative AI risks, combining cybersecurity and societal-harm assessments. Generative AI’s...
Household savings shift keeps Indian bond yields low despite robust growth: Goldman Sachs, ET BFSI
Despite India's robust economic growth exceeding 8% year-over-year for the past three fiscal years and a substantial government fiscal deficit at 9% of GDP, bond yields remain surprisingly low. A recent Goldman Sachs said that changes in household savings behavior are...
Tech’s splurge on AI chips has Meta, Alphabet, Tesla in ‘arms race’
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 CEO Mark Zuckerberg has been assembling a large stockpile of Nvidia chips, spending...
Outward remittances from India witnessed 6% uptick in May’24, BFSI News, ET BFSI
The outward remittances from India has witnessed a slight uptick of approximately 6 per cent, month on month in May 2024 after a 2 per cent dip in April, 14 per cent increase in March and 23 per cent dip in February, revealed latest data by 1Lattice.For the past 3...
Southwest to get rid of open seating, offer extra legroom in biggest shift in its history
A Southwest commercial airliner takes off from Las Vegas on Feb. 8, 2024.Mike Blake | ReutersSouthwest Airlines is ending open seating and will offer extra legroom seats on its airplanes as mounting pressure on the carrier to increase revenue prompts the biggest...
GBP/USD Dips to 1.2850 Amid Growing BoE Rate Cut Speculation
GBP/USD is declining due to speculation of a BoE rate cut and concerns about global growth. Market participants are pricing in a 53% chance of rate cuts in August, but economists polled predict an 80% chance of a cut. Technically, GBP/USD has support at 1.2850 and...
Managing Allowance: Moving from Cash to Categories
I spend all day every day teaching people how to align their money with their priorities. I’ve seen breakthroughs in individuals. I’ve heard thousands of stories from people whose lives have been changed by the Four Rules. So why is it that I have such a hard time...
Gala Games Introduces VIP Club ‘Gala Gold’ with Exclusive Benefits
Ted Hisokawa Jul 25, 2024 01:17 Gala Games' VIP membership, Gala Gold, offers exclusive Discord access, special NFTs, and game testing opportunities for a lifetime fee. Gala Games has unveiled Gala Gold, a VIP...
USD/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 152.68; (P) 154.33; (R1) 155.56; More… USD/JPY’s fall from 161.94 continues today and there is no sign of bottoming. Intraday bias remains on the downside for 151.89 resistance turned support. Decisive break there will argue that large scale...
Latest HDFC Bank, SBI, ICICI Bank, Axis Bank fixed deposit rates compared, ET BFSI
HDFC Bank has increased its fixed deposit interest rate by 20 basis points (bps) on certain tenures. The announcement was made earlier this week by the private sector banking giant.State Bank of India also launched a new fixed deposit scheme with higher interest rate...
Keurig Dr Pepper (KDP) Q2 2024 earnings
In this photo illustration, cans of Dr Pepper soda are displayed on June 03, 2024 in San Anselmo, California.Justin Sullivan | Getty ImagesKeurig Dr Pepper reported quarterly earnings and revenue that met analysts' expectations on Thursday as higher prices fueled its...
DLAI inducts 3 Ex-RBI executives into its Advisory Council, BFSI News, ET BFSI
Three former Reserve Bank of India (RBI) officials join the The Digital Lenders Association of India (DLAI) to further boost the mission of secure and reliable FinTech in India through their experience and expertise. "We are honoured to have such esteemed experts...
AI-Driven Molecular De-Extinction: A New Frontier in Combating Drug-Resistant Pathogens
Jessie A Ellis Jul 25, 2024 01:48 Researchers are using AI to resurrect DNA from extinct species to combat drug-resistant pathogens, potentially revolutionizing antibiotic discovery. Researchers are leveraging...
USD/CHF Daily Outlook – Action Forex
Daily Pivots: (S1) 0.8813; (P) 0.8868; (R1) 0.8907; More… USD/CHF’s fall from 0.9223 resumed by breaking 0.8819 support. Intraday bias stays on the downside for 61.8% retracement of 0.8332 to 0.9223 at 0.8672. For now, risk will stay on the downside as long as 0.8923...
American Airlines (AAL) earnings Q2 2024
An American Airlines Boeing 737 MAX 8 aircraft approaches San Diego International Airport for a landing from Phoenix on June 28, 2024 in San Diego, California. Kevin Carter | Getty ImagesAmerican Airlines is forecasting a drop in unit revenue of as much as 4.5% for...
MAS Financial Reports 24% Growth in AUM & 26% in PAT in Q1FY25; Consolidated AUM Crosses Rs. 11,000 Crores, ET BFSI
Ahmedabad, Gujarat, India (NewsVoir) We witnessed a healthy growth in business activities across the segments we serve, during the quarter. The consolidated disbursement was Rs. 2774.91 Crores during the quarter ended 30th June 2024. During the quarter, the Company...
NVIDIA’s VISTA-2D Model Revolutionizes Cell Imaging and Spatial Omics
Joerg Hiller Jul 25, 2024 02:15 NVIDIA introduces VISTA-2D, a model enhancing cell segmentation and morphology clustering in spatial omics, offering a pivotal advancement for biological research. NVIDIA has...
‘Internship scheme not compulsory, we are nudging industry to do it’, ET BFSI
A day after presenting her seventh straight budget, finance minister Nirmala Sitharaman sat down with TOI’s Surojit Gupta and Sidhartha to discuss the messages — from politics to reforms and the broader economy. Excerpts:Your budget is being described as a political...
GBP/USD Daily Outlook – Action Forex
Daily Pivots: (S1) 1.2877; (P) 1.2907; (R1) 1.2938; More… No change in GBP/USD’s as range trading continues. Intraday bias remains neutral. Further rally is expected with 1.2859 resistance turned support intact. Break of 1.3043 will resume the rise from 1.2298 and...
Harris’ tech allies on track to raise $100 million, Silicon Valley skeptics
Vice President Kamala Harris' allies in the tech community have launched a behind-the-scenes lobbying campaign to convince wealthy donors to back her campaign for president, according to people familiar with the matter.Longtime investors Reid Hoffman and Ron Conway...
CCI dismisses complaint against Indiabulls Housing Finance, 19 others, ET BFSI
NEW DELHI: Competition watchdog CCI has dismissed a complaint against Indiabulls Housing Finance and 19 officials, including MD and Chairman, alleging that the firm abused its position through misleading advertisements while offering loans against property at...
RBI tightens norms for cash pay-outs at banks, BFSI News, ET BFSI
The RBI on Wednesday tightened norms related to cash pay-out service at banks, making it mandatory for lenders to keep a record of recipients. Cash pay-out refers to arrangements for amounts being transferred out of bank accounts to beneficiaries not having a bank...
A Deep Dive into Blockchain Latency and Throughput
In the blockchain environment terms such as latency and throughput are frequently used. The realm has undergone unprecedented change in the last few years. Latency refers to the time that passes between the submission of a transaction and its finalization within a...
IBM Q2 earnings report 2024
Arvind Krishna, CEO of IBM, arrives for the Inaugural AI Insight Forum in Russell Building on Capitol Hill, on Wednesday, September 13, 2023.Tom Williams | Cq-roll Call, Inc. | Getty ImagesIBM shares rose 5% in extended trading on Wednesday, after the company reported...
EUR/USD Daily Outlook – Action Forex
Daily Pivots: (S1) 1.0821; (P) 1.0844; (R1) 1.0861; More….. Intraday bias in EUR/USD stays mildly on the downside for the moment. Fall from 1.0947 short term top should extend to 55 D EMA (now at 1.0813). Sustained break there will argue that whole rebound from 1.0601...
EuropeFX director Pedro Sasso banned for five years by ASIC
Australia financial regulator Australian Securities & Investments Commission (ASIC) has announced that Pedro Eduardo Sasso, the director of Maxi EFX Global AU Pty Ltd (EuropeFX), has been banned by ASIC from being a director of or controlling an entity that...
Finance ministry plugs under-reporting of income by overseas taxpayers, ET BFSI
MUMBAI: The finance ministry was quick to notice that some taxpayers were not including taxes withheld outside India for the purpose of calculating their total income. This, in turn, led to under reporting of income. These individuals offered the overseas income net...
Gala Games Teases Upcoming ‘Mission Ready’ Premium Event
Darius Baruo Jul 25, 2024 02:45 Gala Games announces a 'Play with the Devs' live event on Discord ahead of the 'Mission Ready' Premium leaderboard event. Gala Games has announced an exciting upcoming event for...
Coinbase UK unit fined $4.5 million by British regulator over ‘high-risk’ customer breaches
Photo Illustrating Coinbase in Suqian, Jiangsu Province, China on June 6, 2023 (Photo Illustration by Costfoto/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesBritish regulators fined Coinbase's U.K. arm £3.5 million ($4.5 million) on Thursday over...
To curb frauds, RBI asks banks, payment operators to keep track of domestic remittances, ET BFSI
To prevent instances of money laundering and frauds, the Reserve Bank of India on Wednesday asked banks and all payment system operators to keep a trail of domestic fund transfers by customers.The regulator has asked remitter banks to keep a record of name and address...
Harris’ Wall Street allies organize blitz to rival Trump
U.S. Vice President and Democratic presidential candidate Kamala Harris arrives to boards Air Force Two at Joint Base Andrews in Maryland, U.S. on July 24, 2024. Brendan Smialowski | Via ReutersVice President Kamala Harris' allies on Wall Street huddled on a private...
EUR/JPY Outlook: Falls to New Multi-Week Low After Break of Key Support
EURJPY extends steep fall into fifth straight day and hit 11-week low in early Thursday (down 1% in Asian session). Recent interventions by Japan’s authorities boosted yen across the board and fresh strength gained strong momentum, suggesting that the currency could...
Bankers hope tax changes make FDs more attractive, ET BFSI
MUMBAI: The increase in short-term and long-term equity capital gains taxes and discontinuation of indexation benefits for property sales have reduced the regulatory arbitrage that other investments held over deposits, potentially drawing more future savers to...
Nvidia supplier SK Hynix posts highest profit in 6 years on AI chip boom
A man walks past a logo of SK Hynix at the lobby of the company's Bundang office in Seongnam on January 29, 2021.Jung Yeon-Je | AFP | Getty ImagesSK Hynix, one of the world's largest memory chipmakers, on Thursday said second-quarter profit hit its highest level in 6...
CMC Markets reports Q1 FY2025 performance in line with expectations
London based online trading firm CMC Markets plc (LON:CMCX) has issued a Trading Update for its fiscal Q1 of FY2025, indicating that Q1 performance was in line with expectations, with the company on track to achieve net operating income of between £320-360 million for...
RBI, BFSI News, ET BFSI
MUMBAI: In a bid to prevent fraudsters from using the money transfer route for laundering, RBI has tightened rules for money transfers and has asked banks to obtain KYC details of remitters and beneficiaries.Earlier, RBI's money transfer rules allowed walk-in...
German Ifo falls to 87, economy stuck in crisis
Germany’s Ifo Business Climate Index fell from 88.6 to 87.0 in July, missing expectations of 89.0. Current Assessment Index also dropped from 88.3 to 87.1, below the anticipated 88.5. Additionally, Expectations Index declined from 88.8 to 86.9, underperforming the...
India to move away from fiscal deficit targeting after FY26, ET BFSI
India plans to move away from targeting a particular level of fiscal deficit after 2025-26, a senior finance ministry official said on Wednesday.Instead, the government will use the ratio of government debt-to-GDP as the anchor for fiscal policy, T.V. Somanathan,...
Grayscale tries to hold lead in ether ETF battle
Representation of cryptocurrency and Gayscale logo displayed on a phone screen.Jakub Porzycki | Nurphoto | Getty ImagesFor crypto firm Grayscale, it's deja vu in the ETF market.On Tuesday, the first spot ether exchange-traded funds hit the U.S. The ETFs will invest...
Ontario Capital Markets Tribunal Terminates Bitfarms’ Poison Pill at Riot’s Request
Luisa Crawford Jul 25, 2024 03:22 Riot Platforms successfully convinces the Ontario Capital Markets Tribunal to terminate Bitfarms' Poison Pill, aimed at protecting shareholder rights. Riot Platforms, Inc....
Indian shares on five-day losing run as Axis Bank adds to tax woes, ET BFSI
By Manvi Pant and Bharath RajeswaranBENGALURU -Indian shares fell for a fifth straight session on Thursday as Axis Bank's disappointing results added to the sour sentiment since the government raised taxes on equity trading.The NSE Nifty 50 fell 0.5% to 24,280.65 as...
Biden explains election exit, touts Harris over Trump
President Joe Biden on Wednesday night told the American public that "the defense of democracy is more important than any title," as he explained his stunning decision to drop out of the presidential election and endorse Vice President Kamala Harris as the Democratic...
What is the status of recovery from RBI’s Dirty Dozen list?, BFSI News, ET BFSI
Nine of the twelve large accounts referred by the Reserve Bank of India (RBI) for resolution under the IBC have been resolved and the resolution plans for these corporate debtors yielded 54 per cent of the claims admitted, according to the Economic Survey 2023-24....
Chipotle Mexican Grill (CMG) Q2 2024 earnings
A Chipotle restaurant in New York on July 3, 2023.Jeenah Moon | Bloomberg | Getty ImagesChipotle Mexican Grill on Wednesday reported quarterly earnings and revenue that topped analysts' expectations as it saw higher traffic at its restaurants, bucking an industry...
IG Group sees 9% rebound in Revenues, 32% increase in Profit in H2 FY2024
Following a fairly slow first half of fiscal 2024, leading UK based online trading house IG Group (LON:IGG) has reported its full-year 2024 results (fiscal year-end of May 31) indicating a very strong rebound on both the top and bottom line in the second half of the...
WTI Crude Oil Creates Bearish Wave
WTI crude oil tests 77.70 support Price holds beneath SMAs RSI and MACD indicate more losses WTI crude oil futures have been in a bearish movement after the pullback off the 84.70 resistance level. It has since slipped below the simple moving averages (SMAs) in the...
Britain plans new regulations after setbacks
Buy now, pay later firms like Klarna and Block's Afterpay could be about to face tougher rules in the U.K.Nikolas Kokovlis | Nurphoto | Getty ImagesBritain's new Labour government will soon set out updated plans to regulate the "buy now, pay later" industry, a...
Binance Futures Introduces Trailing Features Promotion with 30,000 USDT Reward Pool
Terrill Dicki Jul 25, 2024 03:52 Binance Futures launches a promotion for USDⓈ-M Futures Grid users, offering a 30,000 USDT prize pool for utilizing Trailing Up and Trailing Down features. Binance Futures has...
Bajaj Finance loan growth strong in Q1 but provisions and margins hit profits, ET BFSI
Bajaj Finance Ltd reported mixed results for the first quarter of FY25 (Q1 FY25), highlighting concerns about its future growth and profitability. Despite strong asset growth, net profit increased by only 14 percent year-on-year (YoY), significantly below the typical...
RBI cancels licence of Mahabhairab Coop Urban Bank, Tezpur, BFSI News, ET BFSI
The RBI on Wednesday said it has cancelled the licence of Tezpur-based The Mahabhairab Cooperative Urban Bank due to its deteriorating financial condition. Following the cancellation of its licence, the cooperative bank ceases to carry on banking business, with effect...
Finance Secy highlights divestment plans, says won’t announce in advance as govt wants best value for public companies, ET BFSI
The government will not pre-announce the timing of its divestment plans for FY25 to ensure its best value for public companies, said Finance Secretary TV Somanathan, in an exclusive interview with ET NOW, on Wednesday. "If I were trying to do something, I would not...
FX option expiries for 25 July 10am New York cut
There aren't any major expiries to take note of on the day. As such, trading sentiment will continue to revolve around the same factors driving price action in the last few days.That being bids into the Japanese yen and selling in the commodity currencies amid a more...
Revolut clinches UK banking license, ending three-year wait
Revolut cards is seen in this illustration photo taken in Krakow, Poland on March 29, 2024. Jakub Porzycki | Nurphoto | Getty ImagesBritish fintech startup Revolut on Thursday that it had received a preliminary banking license with restrictions from the U.K.'s...
NBA picks Amazon for media rights over Warner Bros. Discovery
Luka Doncic, #77 of the NBA's Dallas Mavericks, shoots the ball against the Boston Celtics during Game 5 of the 2024 NBA Finals at the TD Garden in Boston on June 17, 2024.Nathaniel S. Butler | National Basketball Association | Getty ImagesThe NBA has rebuffed...
Biden explains his decision to exit presidential race, back Harris to take on Trump
President Joe Biden will delivered a speech from the Oval Office to explain his decision to drop out of the presidential race against former President Donald Trump, and laid out his plan for the remaining months of his term.It was the first time Biden has addressed...
Relentless Yen Rally in Risk-Off Market: Will US GDP Turn the Tide?
Risk aversion has firmly gripped the markets, leading to the steepest selloff in US stocks since 2022 overnight. This sharp decline continued into the Asian trading session, with Nikkei plunging nearly 3%. The market rout is further exacerbated by a broad decline in...
Bitfarms Adopts New Shareholder Rights Plan Amid Tribunal Decision
Joerg Hiller Jul 25, 2024 04:11 Bitfarms Ltd. has adopted a new shareholder rights plan following a decision by the Ontario Securities Commission's Tribunal to cease trade the former plan. Bitfarms Ltd....
UK High Court approves plan to return WealthTek client assets and money
UK financial regulator The Financial Conduct Authority (FCA) has announced that on 23 July 2024, Mr Justice Rajah in the High Court of Justice approved the Joint Special Administrators (JSAs) plan for returning client money and custody assets to WealthTek clients....
Govt reiterates rupee internationalisation commitment but not so easy, say bankers, ET BFSI
Finance minister Nirmala Sitharaman has reiterated the government's intention to promote the rupee as an international currency.In her budget speech Sitharaman said the government will simplify rules and regulations to promote foreign direct investment (FDI) and...
Fox News invites Harris and Trump to debate in September
U.S. Vice President Kamala Harris and Republican presidential nominee and former U.S. President Donald Trump.Brendan Mcdermid | Elizabeth Frantz | ReutersFox News has invited Vice President Kamala Harris and former President Donald Trump to debate each other in...
EUR/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 168.13; (P) 169.61; (R1) 170.38; More… EUR/JPY’s fall from 175.41 accelerates lower today and it’s now pressing 38.2% retracement of 153.15 to 175.41 at 166.90. Some support could be seen from this fibonacci level, and break of 169.19 minor...
Bitcoin consolidating between 100 and 200 hour moving averages
Bitcoin trades between its 100 and 200 hour moving averagesOn July 22, the price of Bitcoin reached a high of $68,364 and retested that level during Monday's trade on July 24. After this retest, Bitcoin experienced a downward move, dipping below its rising 200-hour...
Enhancing LLM Tool-Calling Performance with Few-Shot Prompting
Alvin Lang Jul 24, 2024 19:18 LangChain's experiments reveal how few-shot prompting significantly boosts LLM tool-calling accuracy, especially for complex tasks. LangChain has recently unveiled the results of...
EUR/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.9665; (P) 0.9678; (R1) 0.9688; More…. EUR/CHF’s fall from 0.9772 resumed by breaking through 0.9641 support and intraday bias is back on the downside. Next target is 61.8% retracement of 0.9476 to 0.9772 at 0.9589. Sustained break there will...
SC stays Madras HC order asking RBI to conduct fresh valuations of assets and shares of banks, ET BFSI
The Supreme Court on Wednesday stayed a Madras High Court order that asked the Reserve Bank of India to conduct a fresh valuation of shares and assets of Lakshmi Vilas Bank and DBS Bank India in their 2020 merger case.The Madras High Court had asked the central bank...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 155.06; (P) 156.08; (R1) 156.60; More… Intraday bias in USD/JPY remains on the downside with focus on 38.2% retracement of 140.25 to 161.94 at 153.65. Some support could be seen there to bring rebound, at least on first attempt. But risk will stay...
India New Issue-NABARD accepts bids for Sept 2027 bond reissue, bankers say, ET BFSI
MUMBAI, - India's National Bank for Agriculture and Rural Development (NABARD) has accepted bids aggregating to 50 billion rupees ($597.4 million) for a reissue of 7.70%, September 2027 bonds, three bankers said on Wednesday. The company has set a yield of 7.6280% on...
Georgia Tech’s AI Makerspace Prepares Future Workforce with Advanced AI Training
Darius Baruo Jul 24, 2024 18:23 Georgia Tech's AI Makerspace equips students with cutting-edge AI skills, preparing them for the future workforce, according to NVIDIA's AI Podcast. The Georgia Institute of...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8891; (P) 0.8908; (R1) 0.8930; More… USD/CHF’s sharp decline suggests that recovery from 0.8819 has completed at 0.8923, after rejection by 55 4H EMA. Intraday bias is back on the downside for 0.8819. Firm break there will resume whole fall from...
Profit seen to jump 11% YoY; NIMs to decline, ET BFSI
Private lender Axis Bank is likely to post double-digit growth in its net interest income (NII) for the first quarter ended June 2024. The company will announce its results on July 24.NII for the reporting quarter is seen rising 11% year-on-year, according to an...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2884; (P) 1.2911; (R1) 1.2935; More… Range trading continues in GBP/USD and intraday bias stays neutral. Further rally is expected for with 1.2859 resistance turned support intact. Break of 1.3043 will resume the rise from 1.2298 and target 100%...
Bitcoin (BTC) Rebounds Over $68K, Boosting Perpetual Futures Activity
Darius Baruo Jul 24, 2024 16:04 Bitcoin rallies over $68K, driving perpetual futures activity and providing relief to Short-Term Holders with 75% of their coins now in profit, according to Glassnode Insights. ...
AMC warns of Q2 2024 earnings ‘weakness’
The AMC 25 Theatres in Times Square in New York is seen on Tuesday, July 8, 2014.Richard Levine | Corbis News | Getty ImagesAMC Entertainment on Wednesday warned investors of declines in key metrics during the second quarter, sending its shares down more than 7%.The...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0832; (P) 1.0865; (R1) 1.0885; More….. No change in EUR/USD’s outlook and intraday bias stays on the downside. Fall from 1.0947 short term top should extend to 55 D EMA (now at 1.0813). Sustained break there will argue that whole rebound from...
SingularityNET (AGIX) and AL’MA Action Logement Utilize AI and Knowledge Graphs for Sustainable Construction
Alvin Lang Jul 24, 2024 17:05 SingularityNET (AGIX) and AL’MA Action Logement are leveraging AI and Knowledge Graphs to innovate sustainable construction practices. In a groundbreaking initiative, SingularityNET...
Small biz to play big role in bank lending, ET BFSI
Mumbai: Banks traditionally focused on providing corporate credit, home loans and loans against property will now need to develop new capabilities to lend to small businesses without requiring collateral or credit history.The finance minister has asked public sector...
‘Inside Out 2’ highest grossing animated movie ever, passes ‘Frozen 2’
Amy Poehler and Maya Hawke voice Joy and Anxiety, respectively, in Disney and Pixar's "Inside Out 2."Disney | PixarDisney is back on top at the box office.On Tuesday, "Inside Out 2" surpassed $1.46 billion in global ticket sales, making it the highest-grossing...
(BOC) Bank of Canada reduces policy rate by 25 basis points to 4½%
The Bank of Canada today reduced its target for the overnight rate to 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is continuing its policy of balance sheet normalization. The global economy is expected to continue expanding at an annual rate...
Injective (INJ) Integrates Mountain Protocol to Introduce Tokenized T-Bills
Ted Hisokawa Jul 24, 2024 16:28 Injective (INJ)has integrated with Mountain Protocol to launch USDM, a yield-bearing stablecoin, enhancing the DeFi ecosystem with tokenized treasury bills. Injective (INJ)has...
PAT rises 18% YoY to Rs 1,009 crore, NII rises 19%, ET BFSI
Federal Bank on Wednesday reported a standalone net profit of Rs 1,009.5 crore for the quarter ended June 30, 2024, up by 18.2% on a year-on-year (YoY) compared to Rs 853.74 crore reported in Q1FY24.Meanwhile, on a quarter-on-quarter (QoQ) basis, the profit after tax...
Reflect on Your Spending with YNAB’s New Feature
“We spent HOW much on food last month?!” That conversation was the spark that ignited starting my YNAB trial, and which turned into years of YNAB fandom. My husband and I were using Mint at the time (RIP, and welcome Mint Migrators!). We couldn’t agree on how much we...
Ford Motor (F) earnings Q2 2024
The Ford display at the New York International Auto Show on March 28, 2024. Danielle DeVries | CNBCDETROIT – Ford Motor is set to report second-quarter earnings after the markets close Wednesday.The Detroit automaker's results are expected to be relatively healthy,...
Sunset Market Commentary – Action Forex
Markets Monthly PMI’s were the headline story on global markets. EMU surveys at least were no happy reading. The composite EMU HCOB PMI declined from 50.9 to 50.1 suggesting an near standstill in activity. The decline was mainly driven by a deepening contraction in...
Kamala Harris, dozens of lawmakers sit out Netanyahu Congress speech
Israeli Prime Minister Benjamin Netanyahu addresses the Conference of Presidents of Major American Jewish Organizations, amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, in Jerusalem, February 18, 2024. Ronen Zvulun | ReutersVice...
Axis investing in tech and cybersecurity for a future-ready Bank: Amitabh Chaudhary, ET BFSI
Chaudhary emphasised that the bank is focused on firing up bank acquisition engines for the retail, savings account franchise.Private lender, Axis Bank has been focused on three core areas of the execution of their strategy, namely becoming a resilient all-weather...
Astar Network to Integrate Chainlink CCIP for Enhanced Cross-Chain Interoperability
Caroline Bishop Jul 24, 2024 15:19 Astar Network is set to integrate Chainlink's Cross-Chain Interoperability Protocol, enabling secure and efficient cross-chain applications for Web3 developers. Astar Network...
EUR/USD Pares Losses After Weak Eurozone PMIs
The euro edged lower on Wednesday but has recovered. In the North American session, EUR/USD is trading at 1.0860, up 0.07% on the day at the time of writing. Eurozone PMIs weaker than expected Eurozone PMIs can be viewed as monthly report cards for the services and...
Bank of Canada Cuts Policy Rate to 4.5%
The Bank of Canada cut the overnight rate to 4.50% (from 4.75%), while stating that it will continue with Quantitative Tightening (QT). The Bank outlined a relatively dovish take on the economy, stating that “…the economy’s potential output is still growing faster...
Brent Oil Prices Decline Amid Inventory Reductions and Middle East Optimism :: InvestMacro
By RoboForex Analytical DepartmentBrent crude oil prices have continued their downward trajectory, reaching 81.14 USD per barrel as of Wednesday. This marks the fifth consecutive session of decline, primarily influenced by significant reductions in US oil inventories....
Deutsche Bank posts quarterly loss over litigation provision, BFSI News, ET BFSI
Frankfurt, Jul 24, 2024 -Deutsche Bank said Wednesday it had suffered a loss of 143 million euros ($155 million) in the second quarter, as it booked a huge litigation provision over a legacy issue.The group's revenues meanwhile rose by two percent from the same period...
Hong Kong Monetary Authority Warns Public of Phishing Messages Linked to Fubon Bank
Jessie A Ellis Jul 24, 2024 14:24 The Hong Kong Monetary Authority alerts the public about phishing messages related to Fubon Bank (Hong Kong) Limited. The Hong Kong Monetary Authority (HKMA) has issued an alert...
US PMI composite rises to 27-mth high on strong services, Goldilocks scenario
US PMI Manufacturing fell from 51.6 to 49.5 in July, a 7-month low. PMI Services jumped from 55.3 to 56.0, a 28-month high. PMI Composite rose from 54.8 to 55.0, a 27-month high. Chris Williamson, Chief Business Economist at S&P Global Market Intelligence said:...
No more reopening, re-assessment of old ITR beyond 3 years if escaped income is below Rs 50 lakh, ET BFSI
Budget 2024 has introduced a significant relief, as tax authorities can no longer reopen old income tax returns (ITR) beyond the specified time limits. Finance Minister Nirmala Sitharaman said while presenting Budget 2024, "I propose to thoroughly simplify the...
Investimental uses Devexperts’ DXtrade platform to launch US market trading in Romania
Investimental, a fast-growing Romanian stock brokerage, and Devexperts, a financial software provider, have announced a new partnership which brings US market access to retail investors in Romania. Investimental has deployed Devexperts’ flagship product, DXtrade XT, a...
Pfizer’s gene therapy for hemophilia A succeeds in late-stage trial
Kena Betancur | Corbis News | Getty ImagesPfizer on Wednesday said its experimental gene therapy for a rare genetic blood-clotting disorder succeeded in a large late-stage trial, paving the way for a potential approval.The treatment for hemophilia A could become the...
Standalone PAT rises 4% YoY to Rs 6,035 crore, NII jumps 12%, ET BFSI
Axis Bank on Wednesday reported a standalone net profit of Rs 6,035 crore for the quarter ended June 30, 2024, which was up 4% versus Rs 5,797 crore reported by the lender in the year-ago period. The profit was lower than the Street estimates of Rs 6,348 crore.The...
HKMA Warns Public About Suspicious Mox Bank Websites and Login Screens
Terrill Dicki Jul 24, 2024 14:03 The Hong Kong Monetary Authority (HKMA) alerts the public to suspicious websites and internet banking login screens related to Mox Bank Limited. HKMA Issues Alert on Suspicious...
BoC cuts rate to 4.50%, downgrades 2024 GDP forecasts
BoC cuts overnight rate by 25bps to 4.50% as widely expected. The Governing Council is carefully assessing the “opposing forces” on inflation, where excess supply is lowering inflationary pressures, but shelter and some services are holding inflation up. Future...
Binance to Adjust Tick Size for USDⓈ-M Perpetual Futures Contracts
Tony Kim Jul 24, 2024 13:27 Binance announces tick size adjustments for several USDⓈ-M Perpetual Futures Contracts to enhance market liquidity and user experience. Binance, one of the leading cryptocurrency...
Oil falls amid possible truce between Israel and Hamas. Indices remain under pressure :: InvestMacro
By JustMarkets At Tuesday’s close, the Dow Jones Index (US30) decreased by 0.14%, while the S&P 500 Index (US500) was down 0.16%. The NASDAQ Technology Index (US100) closed negative 0.06%.Spotify (SPOT) shares are up 2.11% after reporting stronger-than-expected...
DPIIT to create strict timelines for govt agencies, depts for clearance of FDI proposals, ET BFSI
File photo. (ANI Photo/Mohd Zakir)New Delhi: The Department for Promotion of Industry and Internal Trade (DPIIT) will formulate strict timelines for different government agencies and departments for clearance of Foreign Direct Investment (FDI) proposals from...
Govt wants to encourage longer-term investment and not speculation via derivatives or short-term trading: Finance Secretary, ET BFSI
TV Somanathan, Finance Secretary, says the message to the markets is that long-term investments in the share markets are very important for the economy and they continue to be encouraged. They will be taxed moderately as is necessary for every form of income. And...
Euro Slips After Weak PMI Data, Yen Extends Gains on BoJ Speculations
Yen continues to dominate the forex markets today, with speculation heating up ahead of next week’s BoJ meeting. According to a Reuters report, unnamed sources have confirmed that a rate hike will be debated at the meeting. However, the decision is expected to be a...
US goods exports rises 5.7% yoy, imports rises 6.9% yoy
US goods exports rose 5.7% yoy to 172.32B in June. Goods imports rose 6.9% yoy to USD 269.16B. Trade balance reported USD -96.84B, versus expectation of USD -98.0B. Wholesale inventories rose 0.2% mom to USD 903.3B. Retail inventories rose 0.7% mom to USD 802.1B. Full...
CME Group reports record quarterly Revenue of $1.5 Billion in Q2-2024
Derivatives marketplace operator CME Group Inc. (NASDAQ:CME) has reported financial results for the second quarter of 2024, which include record quarterly revenues, record adjusted net income and earnings per share, the company’s highest Q2 average daily volume (ADV)...
Karnataka Bank posts record profit of Rs 400.33 crore in Q1, BFSI News, ET BFSI
New Delhi, Karnataka Bank on Wednesday reported a record 7.99 per cent rise in net profit to Rs 400.33 crore for the June 2024 quarter. In the year-ago period, the bank posted a net profit of Rs 370.70 crore. The bank also achieved its highest business turnover at Rs...
Binance to Delist Several Spot Trading Pairs on July 26, 2024
Rongchai Wang Jul 24, 2024 12:47 Binance announces the removal of selected spot trading pairs due to poor liquidity and trading volume, effective July 26, 2024. Binance, one of the leading cryptocurrency...
Brent Oil Prices Decline Amid Inventory Reductions and Middle East Optimism
Brent crude oil prices have continued their downward trajectory, reaching 81.14 USD per barrel as of Wednesday. This marks the fifth consecutive session of decline, primarily influenced by significant reductions in US oil inventories. The latest data from the API...
Budget 2024 struck a fine balance, tax changes to spur consumption: Economists, ET BFSI
The Union Finance Minister Nirmala Sitharaman tabled the Budget presentation at Parliament on Tuesday. Some of the core focus areas of the budget were employment, skills development, MSMEs and the middle class. Changes in income tax slabs were announced while capital...
Spot Ethereum ETFs go live! :: InvestMacro
Ethereum ETF’s exceed $100 million inflows on debutCollective trading volume of ETFs surpass $1 billionCryptocurrency ↑ 50% since start of 2024Technical levels – 21 & 50 day SMAOnly a few months ago we discussed the possibility of Ethereum ETFs after Bitcoin paved...
STCG tax move to halt excess trading activities, will not dissuade investors in long run: Market Experts, ET BFSI
Finance Minister Nirmala Sitharaman has announced changes in capital gains taxes during her Budget presentation on Tuesday. While the market sentiment is negative, Industry experts believe that this will bring about better investor behaviour since investors will want...
Cronos (CRO) zkEVM Initiates Passage Quest Ahead of Mainnet Launch
Peter Zhang Jul 24, 2024 11:39 Cronos (CRO) zkEVM opens the Passage quest, inviting users to deposit CRO or LCRO for zkCRO and loyalty points ahead of its mainnet launch. Cronos (CRO) Labs has announced the...
ETHUSD Trades Flat After ETF Debut
ETHUSD has been rangebound in the past few sessions Spot ETF launch did not trigger much volatility Momentum indicators remain positively tilted ETHUSD (Ethereum) has experienced a strong rally in July, breaking above its 50-day simple moving average (SMA). However,...
20 employees cut following $500 million funding
Cohere, the artificial intelligence startup founded by ex-Google AI researchers and backed by Nvidia, cut about 20 roles on Tuesday, CNBC confirmed.The layoffs at Cohere, which had about 400 employees according to the company, follow the completion of a $500 million...
AMF re-warns of Immediate Connect auto trading fraud promotions
France financial regulator Autorité des marchés financiers (AMF) has issued a reminder to retail investors to be extremely vigilant regarding Immediate Connect’s fraudulent investment offer. The AMF said that it is continuing to receive a large number of complaints...
Federal Bank to open 100 branches in FY25; sustainability of profitability important, says CEO Shyam Srinivasan, ET BFSI
Federal Bank which opened about 140 odd branches in the previous financial year, now plans to open about 100 more branches by FY25, highlighted the bank's MD & CEO, Shyam Srinivasan in the bank's quarterly results presser on Wednesday. He further stated that out...
Boost to PMAY with Rs 2.2 trn assistance, Rs 4000 crore credit-linked subsidy, ET BFSI
Boost to PMAY with Rs 2.2 trn assistance, Rs 4000 crore credit-linked subsidyWith an aim to address the housing needs of the urban poor and middle class families, Finance Minister Nirmala Sitharaman has announced an investment of Rs 10 lakh crore under the PM Awas...
OpenAI reassigns top safety exec Madry to role focused on AI reasoning
OpenAI last week removed Aleksander Madry, one of OpenAI's top safety executives, from his role and reassigned him to a job focused on AI reasoning, sources familiar with the situation confirmed to CNBC.Madry was OpenAI's head of preparedness, a team that was "tasked...
Sen. Bob Menendez will resign seat Aug. 20 after bribery conviction
U.S. Senator Robert Menendez, D-N.J., arrives at federal court for his bribery trial in connection with an alleged corrupt relationship with three New Jersey businessmen, in New York City on May 21, 2024.David Dee Delgado | ReutersSen. Bob Menendez, the New Jersey...
EUR/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 168.13; (P) 169.61; (R1) 170.38; More… EUR/JPY’s fall from 175.41 resumed after brief consolidations and dives to as low as 167.42 so far. Intraday bias is back on the downside for 38.2% retracement of 153.15 to 175.41 at 166.90. Some support could...
BitMEX Launches POPCATUSDT Perpetual Swap with 10x Leverage
Alvin Lang Jul 24, 2024 11:02 BitMEX has announced the launch of the POPCATUSDT perpetual swap, offering traders up to 10x leverage, according to the BitMEX Blog. BitMEX, a leading cryptocurrency exchange, has...
Comprehensive Insights: Your Ethereum (ETH) Questions Answered by Grayscale
Caroline Bishop Jul 24, 2024 09:10 Grayscale addresses key Ethereum (ETH) questions, covering topics like blockchain technology, investment potential, and future prospects. Grayscale, a leading digital asset...
Lyft president Kristin Sverchek to exit on Aug. 20
An empty Lyft pickup area is shown as ride-share drivers hold a rally as part of a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers "basic employee rights," in Los Angeles on Aug. 20, 2020.Mike Blake |...
India may cut borrowing if small saving inflows are high, official says, ET BFSI
By Nikunj OhriMUMBAI - India could look at cutting gross borrowing later in the financial year if inflows into national small saving schemes (NSSF) are high, Economic Affairs Secretary Ajay Seth told Reuters on Wednesday.NSSF consists of public investments in schemes...
GBP/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 199.97; (P) 201.57; (R1) 202.38; More… GBP/JPY’s fall from 208.09 accelerates to as low as 198.95 so far, breaking through 55 D EMA. Intraday bias stays on the downside for for 38.2% retracement of 178.32 to 208.09 at 196.71 next. For now, risk will...
FM skips banking privatisation, divestment in Budget 2024; IDBI sale on track, ET BFSI
Banking stocks saw a sharp decline following the 2024 Budget's lack of significant sector reforms with shares of major banks falling over 1 per cent on the Budget day.Investors had anticipated measures such as the consolidation of government-owned banks, divestment...
How Truth Social could potentially make Trump billions
Truth Social is a social media platform whose majority owner is former President Donald Trump.A team of early investors say they want to "end Big Tech's assault on free speech." Achieving that may require a rapid uptick in the size of its user base, which is currently...
Understanding the Abilities and Limitations of ChatGPT
Everyone who uses the internet must have come across the term ‘ChatGPT’ at some point in their online experience. The generative AI tool has shown the world what AI can achieve and how it can help different groups of users. Marketing professionals, college students,...
Alphabet to invest $5 billion in self-driving car unit Waymo
A Waymo rider-only robotaxi is seen during a test ride in San Francisco on Dec. 9, 2022.Paresh Dave | ReutersAlphabet is again investing in its self-driving car unit Waymo — this time with $5 billion."This new round of funding will enable Waymo to continue to build...
NZDUSD Plunges to New Multi-Week Low
NZDUSD dives almost 4% from the July high of 0.6150 Price may rebound off 0.5875 20- and 200-day SMAs record a bearish cross Momentum oscillators indicate upside correction NZDUSD has been creating an aggressive bearish rally since the break beneath the short-term...
What are the 8 new measures announced for MSMEs in Budget 2024?, ET BFSI
What are the 8 new measures announced for MSMEs in Budget 2024? In the Union Budget 2024, the Narendra Modi-led NDA government provided special attention to the Micro, Small and Medium Enterprises (MSMEs), and manufacturing, particularly the labour-intensive...
Binance to Support Conflux (CFX) Network Upgrade and Hard Fork
Darius Baruo Jul 24, 2024 09:48 Binance announces support for Conflux (CFX) network upgrade and hard fork, suspending deposits and withdrawals on August 13, 2024. Binance, a leading cryptocurrency exchange, has...
DeepL AI translation firm launches traditional Chinese language
DeepL CEO Jaroslaw "Jarek" Kutylowski.DeepLGerman artificial intelligence translation startup DeepL on Wednesday launched traditional Chinese as a language option as it looks to expand its presence in Asia.DeepL, one of Europe's high-profile AI companies valued at $2...
STCG tax move to halt excess trading activities, will not dissuade investors in long run: Market Experts, ET BFSI
Finance Minister Nirmala Sitharaman has announced changes in capital gains taxes during her Budget presentation on Tuesday. While the market sentiment is negative, Industry experts believe that this will bring about better investor behaviour since investors will want...
Trump says he is willing to debate Harris multiple times
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 ImagesFormer President Donald Trump on Tuesday said he...
EUR/CHF Daily Outlook – Action Forex
Daily Pivots: (S1) 0.9665; (P) 0.9678; (R1) 0.9688; More…. Immediate focus is now on 0.9641 temporary low in EUR/CHF. Firm break there and sustained trading below 38.2% retracement of 0.9476 to 0.9772 at 0.9659 will extend the fall from 0.9772 to 61.8% retracement at...
Tesla’s margin getting hammered by discounts and hefty AI spending
Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings Corp., speaks at the Milken Institute's Global Conference at the Beverly Hilton Hotel,on May 6, 2024 in Beverly Hills, California. Apu Gomes | Getty ImagesAs Tesla CEO Elon Musk continues to make lofty...
CFI welcomes seven-time F1 World Champion Lewis Hamilton as Global Brand Ambassador
Leading online broker CFI has unveiled a new partnership with Seven-Time Formula 1 World Champion Lewis Hamilton, as its newest Global Brand Ambassador. This landmark multi-year agreement marks a pivotal moment for CFI, aligning the group with one of the most iconic...
HDFC bank raises FD rates for 35 and 55 months, ET BFSI
HDFC bank has increased its fixed deposit interest rates on two tenures starting today. Deposits for 35 months will attract a 7.35% interest rate, and 55 months will attract 7.4% rate. For senior citizens, a 35 month FD will have an interest rate of 7.85%, and 55...
UK manufacturing PMI hits 24-month high, encouraging start to H2
UK PMI data for July reveals a promising start to the second half of the year. PMI Manufacturing rose to 51.8, exceeding expectations of 51.1 and marking a 24-month high. PMI Services also increased slightly from 52.1 to 52.4, though just below the forecast of 52.5....
Budget 2024 struck a fine balance, tax changes to spur consumption: Economists, ET BFSI
The Union Finance Minister Nirmala Sitharaman tabled the Budget presentation at Parliament on Tuesday. Some of the core focus areas of the budget were employment, skills development, MSMEs and the middle class. Changes in income tax slabs were announced while capital...
Selling property? Brace for more tax liability as Union Budget takes away indexation benefit, ET BFSI
In the 2024 Budget, Finance Minister Nirmala Sitharaman announced the removal of the indexation benefit for property sales, significantly impacting individuals selling their properties. The indexation benefit previously allowed sellers to adjust the purchase price of...
Elon Musk wants Tesla to invest $5 billion into his newest startup, xAI — if shareholders approve
Musk is attending Cannes Lions this week with an aim to reassure ad groups and global brands over the future of X.Marc Piasecki | Getty ImagesTesla CEO Elon Musk posted an informal poll on social network X asking whether his publicly traded automaker should invest $5...
AGI-24 Conference Set to Explore the Future of Artificial General Intelligence
Rongchai Wang Jul 24, 2024 08:39 The 17th Annual AGI Conference, AGI-24, will be held from August 13-16, 2024, both in-person in Seattle and online. The 17th Annual AGI Conference, AGI-24, is scheduled to take...
Judge will not block Biden administration ban on worker ‘noncompete’ agreements
US President Joe Biden arrives at Joint Base Andrews in Maryland on July 23, 2024. Biden is returning to the White House after spending nearly a week at his personal residence recovering from Covid and for the first time since dropping his reelection bid. Saul Loeb |...
Scope Prime hires Maybank exec Miranti Rostian as Head of South East Asia
Scope Prime, the offshore institutional liquidity division of Rostro Financial Group, has announced the appointment of Miranti Rostian as Head of South East Asia. The move comes just over a month since Scope Prime hired ACY and IC Markets alum Andrew Taylor into the...
Rupee settles at record closing low as equity tax hikes hurt sentiment, ET BFSI
The Indian rupee slipped to record lows on Tuesday as the government raising tax rates for capital gains from equity investments and on equity derivative trades hurt market sentiment.The rupee ended slightly lower against the U.S. dollar at 83.6875, its weakest ever...
Eurozone PMI composite hits 5-month low at 50.1, ECB’s post-September rate cut path uncertain
Economic activity in Eurozone weakened in July, with PMI Manufacturing dipping from 45.8 to 45.6, a seven-month low, and missing expectations of 46.3. PMI Services also declined from 52.8 to 51.9, below the anticipated 52.9, marking a four-month low. Consequently, PMI...
Tesla shares fall 8% in premarket trading after weaker-than-expected earnings
Elon Musk, CEO of Tesla.Antonio Masiello | Getty ImagesTesla shares fell more than 8% in premarket trading in the U.S. after the electric carmaker reported second-quarter earnings that missed expectations amid ongoing pressure in its auto business.Elon Musk's electric...
BFSI leaders hail policy continuity, fiscal discipline, and skill mapping, ET BFSI
What was considered a bold bet, setting the fiscal deficit target of 5.1 per cent for FY25 during Interim Budget 2024 announcement, has further been trimmed to 4.9 per cent on Tuesday as Sitharaman presented the full Union Budget of 2024, the surplus RBI dividend,...
RBI bounty used for managing fiscal deficit and funding growth, ET BFSI
The higher dividend from the Reserve Bank of India (RBI) bank has been used equally to manage the fiscal deficit and developmental projects an analysis of the numbers indicate.It is already known that the government revenues would get a big boost because of the RBI...
FX option expiries for 24 July 10am New York cut
There are a couple to take note of, as highlighted in bold.However, they may not feature too much into play given the state of play in major currencies this week.The first one being for USD/JPY at the 155.00 mark but the pair is feeling rather heavy already in the...
How CrowdStrike caused a global IT meltdown and what comes next
Last week, the world faced what was likely the biggest IT failure in history.When some people around the world logged onto their laptops on Friday, they were greeted with a blue error screen on their Microsoft Windows operating system.But this was not a Microsoft...
Trump 2.0 could go ‘nuclear’ on trade with China, economist says
Republican Presidential nominee and former President Donald J. Trump holds campaign rally at the Van Andel Arena in Grand Rapids, Michigan on July 20, 2024. Bill Pugliano | Getty Images News | Getty ImagesFormer President Donald Trump would likely take his trade war...
Yen Jumps as Strong PMI Boosts BoJ Hike Hopes; Canadian Dollar Eyes BoC Cut
Yen’s rally accelerates again in Asian session today, driven by stronger-than-expected PMI services data, which bolsters the argument for a BoJ rate hike next week. While opinions vary on the exact timing of the rate move, with some economists forecasting a move in...
Riot Platforms Acquires Block Mining to Boost Capacity to 2 Gigawatts
Joerg Hiller Jul 24, 2024 07:39 Riot Platforms, Inc. has acquired Block Mining, Inc., significantly expanding its operational and power capacity in the Bitcoin mining sector. Riot Platforms, Inc. (NASDAQ: RIOT),...
ADVFN adds AI Intelligence tool to its investor platform
London based trader information website operator ADVFN plc (LON:AFN) has provided an update on the current development of the ADVFN investor platform. The Company said it has been making a number of enhancements to the platform, in line with ADVFN’s strategic aim to...
Gala Games Unveils ‘Legacy’ – A New Entrepreneurial NFT Game
Jessie A Ellis Jul 24, 2024 08:03 Gala Games introduces 'Legacy', a unique NFT game focused on entrepreneurship, where players can own virtual land and manage guilds. Gala Games has announced the launch of...
Profit rises 14% YoY to Rs 3,912 crore; NII jumps 25%, ET BFSI
Bajaj Finance Ltd on Tuesday reported 14% year-on-year (YoY) growth in its consolidated net profit at Rs 3,912 crore for the first quarter ended June 2024. The profit was slightly below the Street estimate of Rs 3,947 crore.Net interest income (NII) for the reporting...
Focus on poor, women, youth & farmer, says Nirmala Sitharaman, ET BFSI
Nirmala Sitharaman Finance Minister Nirmala Sitharaman on Tuesday presented the first Budget of Modi 3.0 government.The Union Cabinet headed by Prime Minister Narendra Modi met in Parliament to approve the Union Budget ahead of its presentation by the Finance...
Kotak Mahindra Bank bets on deeper ties with customers, BFSI News, ET BFSI
Kotak Mahindra Bank, the country's fourth-biggest private lender by market value, said its margins and unsecured loan business are affected by the Reserve Bank of India's (RBI) embargo, but it has made progress in deepening relationships with Kotak 811 customers and...
NVIDIA AI Foundry Introduces Custom Llama 3.1 Generative AI Models for Enterprises
Ted Hisokawa Jul 23, 2024 18:50 NVIDIA launches AI Foundry service and NIM microservices, enabling enterprises to create custom Llama 3.1 generative AI models for industry-specific applications. NVIDIA has...
FM unveils ₹1.48 lk Cr for education, jobs, and skills, ET BFSI
Union Budget 2024 updates: Union Finance Minister Nirmala Sitharaman on Monday, July 22, announced a significant allocation of ₹1.48 lakh crore in the Budget for FY25, focusing on education, employment, and skill development. This move underscores the government's...
Cryptocurrencies fall on day 1 of ether ETFs as Mt. Gox moves more bitcoin to creditors
People walk past a neon sign advertising a Bitcoin and Ethereum crypto currency exchange in Warsaw, Poland on 19 May, 2024. Jaap Arriens | Nurphoto | Getty ImagesBitcoin led the crypto market lower on Tuesday – the first trading day for ether ETFs – as Mt. Gox...
Banking stocks drop as Budget 2024 skips privatisation, divestment, ET BFSI
Banking stocks saw a sharp decline following the 2024 Budget's lack of significant sector reforms with shares of major banks falling over 1 per cent.Investors had anticipated measures such as the consolidation of government-owned banks, divestment initiatives, or...
Crypto: Tactical Retreat from the Peak
Market picture The cryptocurrency market lost 2% of its capitalisation in 24 hours to $2.41 trillion. However, this is a pullback from a high base. This tug-of-war between bulls and bears points to the importance of the current situation. Bitcoin and Ethereum are...
Llama 3.1 Now Optimized for AMD Platforms from Data Center to AI PCs
Joerg Hiller Jul 23, 2024 18:13 AMD and Meta's Llama 3.1 brings enhanced AI capabilities to AMD platforms, including Instinct MI300X GPUs and EPYC CPUs. In a significant development for the artificial...
FM maintains India’s FY25 capex outlay at Rs 11.11 lakh crore, ET BFSI
Finance Minister Nirmala Sitharaman announced that India’s capital expenditure (capex) outlay for the fiscal year 2025 will remain at Rs 11.11 lakh crore, same as the allocation made in February. This represents a significant increase from the previous year’s revised...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0875; (P) 1.0889; (R1) 1.0905; More….. EUR/USD’s break of 1.0871 support suggests that a short term top was already formed at 1.0947, on bearish divergence condition in 4H MACD. Intraday bias is back on the downside for 55 D EMA (now at 1.0810)....
HDFC Bank MD expresses disappointment with deposits, ET BFSI
HDFC Bank managing director Sashidhar Jagdishan expressed disappointment over the deposits in the quarter to June, a period when volatility in current account flows caught the country’s largest private bank off guard.“I know that the most important part of our...
FM Sitharaman proposes to abolish angel tax for all classes of investors, ET BFSI
Union Finance Minister Nirmala Sitharaman in her Budget speech on Tuesday announced that angel tax will be abolished for all investors.The announcement was made during the presentation of Budget 2024-25 in Lok Sabha.The Angel tax was introduced in 2012, intended to...
Nasdaq 100: Potential Bullish Reversal Looms Ahead of Alphabet and Tesla Earnings Results
Market breadth indicators (% of component stocks above 20-day & 50-day moving averages) have increased to above 50%. Short-term bullish momentum condition sighted at the retest of its 50-day moving average. Watch the 19,520 key short-term support ahead of a risk...
Arcade Enhances Interactive Demos with ElevenLabs’ AI Voice Technology
Darius Baruo Jul 23, 2024 17:04 Arcade integrates ElevenLabs to offer AI-driven voiceovers, doubling usage and enriching customer experiences with multilingual support. Arcade, a platform known for its...
Arkham Intelligence Identifies Onchain Locations for All ETH ETFs
Zach Anderson Jul 23, 2024 17:25 Arkham Intelligence has identified the onchain locations of all Ethereum (ETH) ETFs, marking a significant milestone in the cryptocurrency space. Arkham Intelligence has...
RBI clears KVS Manian’s appointment as MD & CEO of Federal Bank, ET BFSI
MUMBAI: The Reserve Bank of India (RBI) has approved the appointment of KVS Manian as the MD and CEO of Federal Bank for a term of three years, the bank informed exchanges on Monday evening. Manian, former joint MD of Kotak Mahindra Bank, will replace Shyam...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2912; (P) 1.2927; (R1) 1.2949; More… GBP/USD is still holding above 1.2859 resistance turned support and intraday bias remains neutral. Further rally is expected for now. Break of 1.3043 will resume the rise from 1.2298 and target 100% projection...
Sensex tanks over 1000 points, recovers later; Nifty at 24,350, ET BFSI
NEW DELHI: Equity benchmark indices Sensex and Nifty plummeted after Union finance minister Nirmala Sitharaman announced an increase in the Securities Transaction Tax (STT) on Futures and Options (F&O) securities while presenting the Union Budget 2024-25. She...
NARCL lines up another Rs 1.25 lakh cr of NPAs from banks, BFSI News, ET BFSI
The government backed National Asset Reconstruction Co Ltd (NARCL) has offered to acquire another Rs 1.25 lakh crore of non-performing assets (NPAs) from banks with offers at various stages of due diligence and evaluations, the finance ministry said in the pre-budget...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8878; (P) 0.8890; (R1) 0.8909; More… Intraday bias in USD/CHF is back on the upside with break of 0.8914 support turned resistance. Further rally should be seen to 55 D EMA (now at 0.8967) and possibly above. But still, break of 0.9049 resistance...
Tokenisation: A Future-Ready Solution for Financial Markets, Says Bitfinex
Terrill Dicki Jul 23, 2024 16:28 Bitfinex argues that tokenisation is a crucial innovation for modernising financial markets, countering skepticism from traditional finance. Bitfinex has recently asserted that...
Tesla TSLA earnings Q2 2024
Tesla is set to report second-quarter earnings after the bell on Tuesday.Here's what Wall Street is expecting based on a survey of analysts by LSEG:Earnings per share: 62 cents expectedRevenue: $24.77 billion expectedAfter a rocky first half of the year, in which...
Capex surge, MSME aid, tax changes, IBC reforms & more, ET BFSI
In a bold move to invigorate economic growth and transform the financial landscape, the Budget 2024 introduces a comprehensive suite of initiatives designed to bolster infrastructure, streamline business operations, and expand digital and green finance. The government...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 156.37; (P) 156.99; (R1) 157.69; More… No change in USD/JPY’s outlook as range trading continues. Intraday bias stays neutral and further decline is expected with 158.85 resistance intact. Below 155.36 will target 38.2% retracement of 140.25 to...
SBI MD, BFSI News, ET BFSI
Mumbai: Lowering the cash deposit ratio or the proportion of deposits which banks are mandatorily required to park with the RBI will help the lenders facing low deposit growth, SBI Managing Director Ashwini Kumar Tewari said on Monday. Conversations for such a cut are...
American Bank Stocks Surge on IB Comeback :: InvestMacro
McAlinden Research takes a look at shares of U.S. banks, which it believes are surging in the wake of recent quarterly earnings.The latest spate of bank earnings coincided with the SPDR S&P Bank ETF’s (KBE:NYSEARCA) best 5-day span of trading since November 2020,...
Meta debuts newest Llama AI model with help from Nvidia and others
Meta on Tuesday announced the latest version of its Llama artificial intelligence model, dubbed Llama 3.1. The newest Llama technology comes in three different versions, with one variant being the biggest and most capable AI model from Meta to date. Like previous...
NVIDIA and Infosys Revolutionize Telco Network Operations with AI Solutions
Luisa Crawford Jul 23, 2024 15:20 Infosys leverages NVIDIA NIM and NeMo Retriever to enhance telco network operations, reducing latency by 61% and increasing accuracy by 22%. Telecom companies face the ongoing...
Dollar Bears Paused, Breaking the Uptrend
Last week, the dollar index regained some of its losses from the previous four weeks, but technically, it looks like short-term profit-taking by sellers before a new downward momentum. The US dollar has been under pressure since late June as the Fed noted progress in...
Lawmakers unveil PBM reform bill amid rising drug costs
Feverpitched | Getty ImagesBipartisan lawmakers introduced a new bill on Tuesday that aims to crack down on the business practices of drug supply chain middlemen who are widely accused of inflating prescription medication prices and harming U.S. patients and...
How FM will juggle finances, lower fiscal deficit to 4.9%, ET BFSI
The government is aiming for the fiscal deficit target of 4.9 per cent of GDP in Budget Estimates 2024-25 in line with the glide path of fiscal consolidation to reach a fiscal deficit below 4.5 percent by FY 2025-26. "Notwithstanding continued global uncertainties,...
Changing customer behaviour forces India’s banks to recalibrate strategies, ET BFSI
As a time when persistent inflation is eating into people's bank savings but banks are resisting a raise in interest rates on savings deposits, savers are turning themselves into investors, pushing banks to rethink their strategies, ToI reported on July 22. According...
What Google decision to keep cookies means for the internet
Google announced in a surprise move that it would reverse its years-long plan to phase out third-party cookies.Daniel Acker | Bloomberg | Getty ImagesGoogle on Monday announced a bold move that has some big implications for advertisers and the future of the...
Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’
Jul 23, 2024 14:49 UTC | Updated: Jul 23, 2024 at 14:49 UTC By Clark On-chain activity shows early ETH investors moving large funds to the Kraken exchange as the launch of Spot Ethereum ETFs approach. This bearish activity has sparked concerns...
Secret Service director resigns over Trump shooting outrage
United States Secret Service Director Kimberly Cheatle testifies before the House Oversight and Accountability Committee during a hearing at the Rayburn House Office Building on July 22, 2024 in Washington, DC. Kent Nishimura | Getty ImagesU.S. Secret Service Director...
EUR/JPY Outlook: Collapses to Five-Week Low on BoJ Rate Hike Signals
EURJPY fell nearly 1% on Tuesday, as yen rose across the board on hawkish talks which may prompt BoJ for more rate hikes. The pair broke below psychological 170 support, hitting the lowest levels in five weeks and cracked Fibo 76.4% retracement of 167.52/175.42 upleg....
AUD is under pressure from the PBoC cut rates. Singapore is seeing a decline in inflation :: InvestMacro
By JustMarketsAt Monday’s close, the Dow Jones Industrial Average (US30) was up 0.32%, while the S&P 500 Index (US500) added 1.08%. The NASDAQ Technology Index (US100) closed positive 1.58%.NVIDIA Corporation (NVDA) closed nearly 5% higher after Reuters reported...
GM slows its EV plans again even as sales grow
GM's 2024 Chevrolet Equinox EV during a media launch event for the vehicle in Detroit, May 16, 2024.Michael Wayland / CNBCDETROIT – General Motors said Tuesday it is again slowing its plans for all-electric vehicles by further delaying a second U.S. electric truck...
SingularityNET (AGIX) Invests $53M in AI Infrastructure to Propel AGI Development
Tony Kim Jul 23, 2024 14:37 SingularityNET (AGIX) announces a $53 million investment to advance AI infrastructure, focusing on AGI and ASI development. SingularityNET (AGIX), a prominent entity in decentralized...
Indian Overseas Bank reports Q1 net at Rs 633 cr, up by 26.6%, ET BFSI
Chennai, Public sector Indian Overseas Bank on Monday reported a 26.60 per cent rise in its net profits for the April-June 2024 quarter at Rs 633 crore. The city-headquartered bank had registered a net profit of Rs 500 crore during the corresponding quarter of last...
Centre trims fiscal deficit target for FY25 to 4.9% of GDP, maintains fiscal consolidation, ET BFSI
The government has further trimmed its fiscal deficit target for FY25 to 4.9% of the Gross Domestic Product.This target aligns with the aspiration of beating the fiscal deficit target of 4.5% of GDP by FY26.During the interim budget 2024, the Finance Minister had set...
Sunset Market Commentary – Action Forex
Markets Another empty daily calendar left investors to their own devices with central bank meetings in Hungary (-25 bps to 6.75%, as expected) and Turkey (unchanged at 50%, cfr. infra) offering some distraction in non-core areas. That resulted in core bonds gaining...
BNB Incubation Alliance to Return at Bitcoin 2024 in Nashville
Timothy Morano Jul 23, 2024 14:05 BNB Chain announces the second BNB Incubation Alliance at Bitcoin 2024 in Nashville, fostering growth for early-stage blockchain projects. BNB Chain has announced the second...
Cutting marketing spending often backfires on businesses – new research could help investors distinguish shortsighted cuts from smart ones :: InvestMacro
Businesses are often tempted to cut their marketing budgets for the short-term savings it provides – but those cuts can cause problems in the long term. A new study my colleague Tarun Kushwaha and I published in The Journal of Marketing proposes a method for...
June home sales slump, pointing to a buyer’s market
Patchogue, N.Y.: A For Sale sign hangs in front of a house in Patchogue, New York, on June 1, 2024.Steve Pfost | Newsday | Getty ImagesSales of previously owned homes dropped 5.4% in June compared with May, to 3.89 million units on a seasonally adjusted, annualized...
Yen Holds Strong While Dollar Begins to Flex Its Muscles
Japanese Yen continues to stand out as the strongest currency, in another day with a lackluster economic calendar. However, it’s Dollar that’s capturing market interest as markets enter into US session, where it has shown notable gains against major counterparts like...
Shri Ramasubramanian S, Union Bank of India, ET BFSI
"See, ROA, actually speaking if you are looking at our previous records we have had a vision for a ROA of more than 1% in March 2025 only but we reached last year itself and we try to maintain above 1% in the coming days also, which we have taken various steps,...
Indirect Tax measures aim to boost domestic manufacturing and exports, says Nirmala Sitharaman, ET BFSI
“To multiply the benefits of GST, we will strive to further simplify and rationalise the tax structure and endeavour to expand it to the remaining sectors,” noted Nirmala Sitharaman while announcing the developments in the indirect taxes.The Union Budget 2024...
Golem Network Unveils Updated AI/GPU Roadmap
Felix Pinkston Jul 23, 2024 13:29 Golem Network announces an updated AI/GPU roadmap focusing on market-validated initiatives, enhancing GPU resource supply for AI industry needs. Golem Network has released an...
A Silicon Valley executive had $400,000 stolen by cybercriminals while buying a home. Here’s her warning
Real estate, with its large transaction sizes and frequent use of bank wires, has proven to be an especially lucrative target for cybercriminals.
Analysis of XAU/USD: Gold Price Falls for 4 Consecutive Days
As shown on the XAU/USD chart, Monday, 22 July marked the fourth consecutive day of declining gold prices. The change from the historical peak reached on Wednesday is around -3.5%. Bearish sentiment is driven by: → Market participants’ assessment of prospects due to...
Biggest India fund sees Budget arming central bank with liquidity tool, ET BFSI
India’s federal budget should arm the central bank with a time-tested tool to deal with a potential surge in bond flows on the nation’s entry into a key global index, according to the nation’s largest asset manager.“Rather than selling long bonds from their book and...
Capital gains exemption limit hiked, long term cap gains tax increased to 12.5% from 10%, ET BFSI
Finance Minister Nirmala Sitharaman has announced changes in capital gains taxes during her 7th consecutive Budget presentation at Lok Sabha on Tuesday.Investors will have to allocate a greater chunk for taxes with the government increasing both short and long term...
EUR and GBP Retreat from Key Levels
Financial and currency markets are experiencing one shock after another. The steady decline in US inflation, a potential Fed rate cut, and the current US president’s exit from the election race have led to sharp fluctuations in almost all currency pairs. Last week:...
Exclusive: ITI Capital revenues down 12% in 2023 but profit soars as firm exits Retail
FNG Exclusive… FNG has learned that London based institutional broker ITI Capital saw a 12% erosion in Revenues during 2023, although a much lower cost base – as the company exited the retail client business – led to much improved profitability. Revenues at ITI...
Bitcoin (BTC) Surges Amid Positive Market Signals, Reaches 39-Day High
Joerg Hiller Jul 23, 2024 12:21 Bitcoin (BTC) hits a 39-day high at $68,560, recovering over 29% from its July lows, driven by strong market signals and increased investor confidence. Bitcoin (BTC) has...
Rural borrowers share in microfinance space scales to 10-year-high, ET BFSI
Rural borrowers share in microfinance space scales to 10-year-highThe Economic Survey for FY24 highlighted that the share of rural borrowers in the microfinance space scaled a 10-year higher of 74% in 2022-23.During FY23, the microfinance sector rebounded strongly,...
Gold Outlook: Pullback from New Record High Runs Out of Steam Ahead of Key US Data
Gold price edges higher in European trading on Monday, after Monday’s Doji candle signaled that pullback from new record high ($2483) might be running out of steam. Pullback was contained by solid supports at $2390 zone (daily Kijun-sen / 50% retracement of...
UPS earnings Q2 2024
A person walks into a UPS (United Parcel Service) customer center on April 1, 2024 in Los Angeles, California. Mario Tama | Getty ImagesUnited Parcel Service on Thursday reported profit and revenue for the second-quarter that came in below expectations and cut its...
Exclusive: Tickmill Head of BizDev Carla Nemr departs
FNG Exclusive… FNG has learned that Carla Nemr, one of the longest-serving senior executives at leading global Retail FX and CFDs broker Tickmill, has left the company. Carla Nemr joined Tickmill in 2017 in its Limassol, Cyprus office as a business development...
What are the income tax changes for companies in Budget 2024-25?, ET BFSI
In case of domestic company, the rate of income-tax shall be 25% of the total income, if the total turnover or gross receipts of the previous year 2022-23 does not exceed Rs 400 crore and where the companies continue in section 115BA regime, according to the changes...
Democratic megadonors want to slow Harris nomination, but no challengers
US Philanthropist Michael Bloomberg speaks at the Earthshot Prize Innovation Camp on June 27, 2024 in London, England.Wpa Pool | Getty ImagesSome of the Democratic Party's top donors have been urging the party to hit the brakes on Vice President Kamala Harris' surge...
FTSE 100 Consolidates, S&P 500 Faces Critical Test, Earnings Ahead
The FTSE 100 is currently consolidating, trading within a range, with the possibility of a significant breakout. Glencore and Anglo American experiencing declines while Compass reports strong revenue growth. The S&P 500 faces a critical resistance level that could...
Binance Launches New ‘Learn & Earn’ Program with ASTR Rewards
Felix Pinkston Jul 23, 2024 11:37 Binance announces a new round of 'Learn & Earn' where users can earn ASTR rewards by completing blockchain courses and quizzes. Binance, one of the world's largest...
List of banks offering best interest rates on 5-year senior citizen FDs, ET BFSI
Fixed deposits (FDs) are one of the best investment options for those investors who want a stable income securely. There are a few banks that continue to offer up to 8% interest on senior citizen FDs of up to Rs 3 crore maturing in five years. This high FD interest...
Conservative approach on growth; job & skill creation core focus area, says Economists, ET BFSI
The Economic Survey 2024 was tabled by the Finance Minister Nirmala Sitharaman on Monday, a day before the Union Budget 2024. According to the survey, India's economy is on a strong wicket and stable footing and is expected to grow 6.5-7 percent in 2024-25.Top...
Major tax changes explained, BFSI News, ET BFSI
The Union Budget 2024-25, presented by Finance Minister Nirmala Sitharaman, introduces significant tax changes aimed at providing relief to taxpayers and simplifying the tax structure. While measures like increased standard deductions and pension benefits offer...
BitMEX to List POPCATUSDT Perpetual Swap with Up to 10x Leverage
Rongchai Wang Jul 23, 2024 11:22 BitMEX announces the listing of POPCATUSDT perpetual swap with up to 10x leverage, starting 24 July 2024. BitMEX is set to introduce a new perpetual swap listing for POPCATUSDT,...
USD/JPY: Bears Retest Key Near-Term Support
USDJPY fell 0.7% in Asia on Tuesday after comments from Japanese official added pressure on the central bank for more rate hikes to further boost strengthening yen. The latest comments further improved yen’s sentiment, though most analysts expect BoJ to keep rates...
Palestinian rivals Hamas and Fatah sign reconciliation agreement in China
(L-R) Mahmoud al-Aloul, Vice Chairman of the Central Committee of Palestinian organisation and political party Fatah, China's Foreign Minister Wang Yi, and Mussa Abu Marzuk, senior member of the Palestinian Islamist movement Hamas, attend an event at the Diaoyutai...
Coca-Cola (KO) Q2 2024 earnings
Coca-Cola beverages are offered for sale in Chicago on April 30, 2024.Scott Olson | Getty ImagesCoca-Cola on Tuesday raised its full-year outlook as global demand for its drinks rose in the second quarter.Shares of the company rose more than 1% in premarket...
Sensex falls over 300 pts as RIL & bank stocks tumble, Nifty below 24,400, ET BFSI
A day ahead of the union budget, Indian benchmark equity indices traded lower on Monday, dragged down by index heavyweights Reliance Industries and banking stocks.The BSE Sensex was trading 355 points, or 0.44%, lower at 80,247. The Nifty50 was down 148 points, or...
Golem Network Unveils Golem-Workers API for Enhanced Computational Flexibility
Lawrence Jengar Jul 22, 2024 13:59 Golem Network introduces Golem-Workers API, offering high-level access to GPU and CPU resources, catering to diverse computational needs beyond AI model deployment. Golem...
Financial Inclusion strategy shifts from ‘every household’ to ‘every adult’, ET BFSI
">One rough estimate is that it would have taken 47 years to achieve 80 per cent of adults with a bank account had India solely relied on traditional growth processes," said the Economic SurveyAccording to the Economic Survey 2024, the percentage of adults with a...
Outcome of Expected Contest Between Trump and Harris Too Early To Call
Markets US President Biden stepping out of the presidential election race dominated press/market headlines yesterday. Still, the direct impact on global trading was modest after all. For now, the outcome of an expected contest between Donald Trump and Kamala Harris is...
Angel tax abolition to supercharge startup ecosystem, will attract both domestic and foreign investments, says VCs, ET BFSI
Union Finance Minister Nirmala Sitharaman in her Budget speech on Tuesday announced that angel tax will be abolished for all investors. Top investors in India welcome this move and believe that this will spur investments both domestic and foreign investments and also...
Comcast (CMCSA) earnings Q2 2024
A Comcast service van in Miami.Getty ImagesComcast reports second-quarter earnings before the bell on Tuesday, and Wall Street will be paying close attention to subscriber growth — for both the broadband and streaming businesses.Here is how Comcast is expected to...
EU officials excited about Kamala Harris
US Vice President Kamala Harris seen attending the 2024 Munich Security Conference on February 16, 2024 in Munich, Germany.Johannes Simon | Getty ImagesThere's a renewed sense of excitement among European officials as U.S. Vice President Kamala Harris becomes the...
PAT may rise 16% YoY; NII should see strong growth, ET BFSI
Leading NBFC Bajaj Finance is expected to post healthy growth in its core earnings for the first quarter ended June 2024.Net interest income for the reporting June quarter is likely to grow 26% year-on-year, according to an average estimate of four brokerages. Profit...
EURJPY Extends Pullback from 32-year High
EURJPY jumped to its highest since January 1992 on July 11 But is trending lower since then due to Japanese intervention Oscillators deteriorate significantly, suggesting bearish bias EURJPY has been in an uptrend since the beginning of the year, storming to a fresh...
Agricultural credit saw 1.5X jump in FY24, ET BFSI
The Economic Survey 2023-24, tabled in Parliament by Union Finance Minister Nirmala Sitharaman on Monday, reported significant double-digit growth in credit to agricultural and allied activities during the financial year 2024. Agricultural credit increased nearly 1.5...
AI and Accelerated Computing Propel Energy Efficiency Across Industries
Jessie A Ellis Jul 22, 2024 16:37 AI and accelerated computing are driving energy efficiency in various sectors, reducing consumption and carbon emissions significantly, according to a report by Lisbon Council Research. ...
Govt to prepare vision & strategy documents for financial sector, ET BFSI
Union Finance Minister Nirmala Sitharaman during her Budget speech at the Lok Sabha on Tuesday said that the union government will prepare a vision and strategy document for the financial sector.She said that this will prepare the sector in terms of size, capacity and...
GBPUSD Holds Well Below the 1-year High
GBPUSD eases but remains above uptrend line Stochastics and RSI suggest more losses GBPUSD is retreating after a strong rally towards the one-year high of 1.3045. The technical oscillators also confirm the bearish retracement. The stochastic is diving into oversold...
Polls, heatwave hit loan collections in Q1, asset quality declines, ET BFSI
Indian lenders are seeing an asset quality decline spawned by a protracted heatwave that crimped the ability of on-the-ground representatives to speed up collections. Polls through the summer also affected asset quality at mainstream lenders.HDFC Bank and Kotak...
Warren sounds alarm on T-Mobile, U.S. Cellular deal with Justice Department, FCC
Sen. Elizabeth Warren, D-Mass., speaks during the Senate Armed Services Committee hearing on security in Afghanistan and in the regions of South and Central Asia, in the Dirksen Building in Washington, D.C., on Oct. 26, 2021.Tom Williams | CQ-Roll Call, Inc. | Getty...
Google cancels plans to kill off cookies for advertisers
\Trade fair visitors walk past a Google logo at the Google stand at Hannover Messe 2024. Julian Stratenschulte | Picture Alliance | Getty ImagesAfter years of delay, Google says it will no longer cancel and replace third-party cookies — a practice long used by...
Finalto enhances Tier-1 pricing distribution with Centroid Bridge partnership
Leading institutional trading and liquidity services firm Finalto has announced the deepening of its partnership with Centroid Solutions, a leading provider of advanced trading, technology, and infrastructure solutions. With the next step in its ongoing partnership...
Best Buy unveils plans to grow sales, cash in on AI
Microsoft PCs on display at a Best Buy store in Secaucus, N.J. Melissa Repko | CNBCBest Buy on Tuesday announced new plans to try to reverse a two-year sales slump and cash in on a much-awaited replacement cycle of pandemic-era purchases and a fresh wave of...
China’s central bank cuts interest rates to revive property sector, ET BFSI
Representative ImageBANGKOK: China's central bank cut key interest rates in a surprise move Monday aimed at injecting new life into its ailing property sector, while the ruling Communist Party released details of a top-level meeting focused on strategies for revving...
SEC Officially Approved Spot Ethereum ETFs
The US Securities and Exchange Commission or SEC made a groundbreaking announcement on July 22, 2024 to approve Ethereum ETFs. Crypto enthusiasts would be quick to spot that the Ethereum ETF approval was announced in May 2024. It is important to note that the firms...
ECB’s de Guindos: Sep economic projections key for policy reassessment
In an interview with Spanish news agency Europa Press, ECB Vice President Luis de Guindos emphasized the significance of new macroeconomic projections in September, together with another two months of data on inflation and underlying inflation. These projections and...
Govt to prepare vision & strategy documents for financial sector, ET BFSI
Union Finance Minister Nirmala Sitharaman during her Budget speech at the Lok Sabha on Tuesday said that the union government will prepare a vision and strategy document for the financial sector.She said that this will prepare the sector in terms of size, capacity and...
Nirmala Sitharaman highlights 9 priorities for ‘Viksit Bharat’, ET BFSI
Union Finance Minister Nirmala Sitharaman while delivering the Union Budget 2024 speech presented a detailed roadmap to pursue nine priorities for generating opportunities for India.These nine priorities are: Productivity and Resilience in AgricultureInclusive Human...
Tesla quarterly report coming Tuesday. Investors want robotaxi update
Elon Musk speaking during the Tesla Annual Shareholder's meeting in Austin, Texas on June 13th, 2024.Source: Tesla Inc.Tesla will report second-quarter earnings after the bell on Tuesday. The company's vehicle deliveries report on July 2 was better than analysts...
Exploring the Architecture of Sui Bridge: A Trust-Minimized Solution
Peter Zhang Jul 23, 2024 04:16 Sui Bridge offers a secure, trust-minimized approach to asset transfer between Sui and other blockchain networks, enhancing interoperability and adoption. Over recent months,...
Capital gains exemption limit hiked, long term cap gains tax increased to 12.5% from 10%, ET BFSI
Finance Minister Nirmala Sitharaman has announced changes in capital gains taxes during her 7th consecutive Budget presentation at Lok Sabha on Tuesday.Investors will have to allocate a greater chunk for taxes with the government increasing both short and long term...
U.S., Japan to hold high-level security talks on nuclear deterrence
Foreign and defense ministers from Japan and the United States will hold security talks on July 28 that for the first time will cover "extended deterrence", a term used to describe the U.S. commitment to use its nuclear forces to deter attacks on allies.Wong Yu Liang...
RBI Deputy Governor Rao, ET BFSI
Third-party dependence by banks and other regulated entities can create situations of dependence on single vendors for critical services, thus increasing risks, said Reserve Bank of India deputy governor M Rajeshwar Rao, making the observation days after a global...
Warner Bros. Discovery says it will match Amazon
Warner Bros. Discovery said Monday it has informed the National Basketball Association that it intends to use its matching rights for a package of games earmarked for another company. Warner Bros. Discovery is targeting the deal carved out for Amazon Prime Video,...
Alpha Group reports 16% YoY rise in H1-2024 Revenues to £64M
London based FX risk management and payment services provider Alpha Group International plc (LON:ALPH) has issued a Trading Update for the six-month period ended 30 June 2024, indicating continued growth at the company from last year. Key Highlights at Alpha Group for...
AUDUSD Tumbles Below Key 0.6690 Zone
AUDUSD falls back within a range RSI and MACD support further declines Dip below 0.6575 could carry larger bearish implications Rebound above 0.6690 may invite more bulls. AUDUSD has been trading in a free-fall mode since July 15, while yesterday, the bears cleared...
Republican representatives call on CrowdStrike CEO George Kurtz to testify
Passengers seen waiting after a major disruption in Microsoft Corp.'s cloud services caused widespread flight cancellations and delays at T3 IGI Airport in New Delhi, India, on July 19, 2024.Vipin Kumar | Hindustan Times | Getty ImagesRepublican representatives on...
Binance to List BTCUSDT and ETHUSDT Options with November 2024 Expiry
Peter Zhang Jul 23, 2024 04:42 Binance announces the early listing of BTCUSDT and ETHUSDT options with a November 2024 expiry date, starting July 24, 2024. Binance, one of the world's leading cryptocurrency...
Piramal Capital & Housing Finance issues initial price guidance for maiden dollar bonds, ET BFSI
Representative ImageMUMBAI: India's Piramal Capital and Housing Finance has provided an initial price guidance of 8.25% for its debut issue of sustainability dollar bonds through which it plans to raise up to $500 million, two bankers said on Monday.The non-bank...
China rate cut sends rupee to record intraday low, BFSI News, ET BFSI
The rupee on Monday touched a record low intraday level versus the US dollar as a weaker Chinese yuan dragged Asian units lower, with likely interventions by the Reserve Bank of India reining in weakness in the local currency, whose valuation has become pricier,...
IBC to get a tech platform for streamlined insolvency, ET BFSI
Union Budget 2024 Updates: The Finance Minister announced a significant reform aimed at enhancing the transparency and efficiency of the Insolvency and Bankruptcy Code (IBC). An integrated tech platform will be established to improve outcomes under the IBC, aiming for...
When and where to watch Finance Minister Nirmala Sitharaman’s speech and get real-time updates, ET BFSI
Nirmala Sitharaman, Union Finance Minister, is set to unveil the Union Budget for the fiscal year 2024-2025 on Tuesday, July 23, in the Lok Sabha hall of Parliament in New Delhi. This marks her seventh consecutive budget speech since 2019 and her second for this year,...
US SEC approves first spot ether ETFs to start trading Tuesday (July 23, 2024)
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 23 July 10am New York cut
There aren't any major expiries to take note of for the day. As such, trading sentiment might be more muted in the European session as we await US markets to open again later. In that lieu, even then equities and the broader risk mood might be more cautious today...
Google-Wiz deal fizzles out, company will pursue IPO
Sundar Pichai, CEO of Alphabet Inc., during Stanford's 2024 Business, Government, and Society forum in Stanford, California, April 3, 2024.Justin Sullivan | Getty ImagesWiz has walked away from a $23 billion deal to be acquired by Google, in what would have been the...
General Motors (GM) earnings Q2 2024
A GMC pickup truck is displayed for sale on a lot at a General Motors dealership in Austin, Texas, on Jan. 5, 2023.Brandon Bell | Getty ImagesDETROIT — General Motors is set to report second-quarter results before the bell Tuesday.Wall Street expects GM to be the...
Kamala Harris debuts presidential campaign
U.S. futures ease as focus shifts to key earningsS&P 500 futures eased 0.14% at 08:52 a.m. London time in the Tuesday premarket session, as investors shifted focus toward anticipated earning reports, including giants like General Motors, Coca-Cola, Alphabet and...
Yen Advances Despite BoJ Uncertainty, Aussie and Kiwi Struggles Continue
Yen is trading broadly higher in otherwise sluggish Asian session today. The central focus remains on whether BoJ will implement another interest rate hike at its upcoming announcement on July 31. Media reports suggest that some BoJ officials are concerned about weak...
VanEck Announces Upcoming Webinar Series on Diverse Investment Topics
Iris Coleman Jul 23, 2024 05:00 VanEck is hosting webinars covering gold, esports, digital assets, emerging markets, and other investment trends. Learn more about their educational sessions. VanEck, a prominent...
Quartet face criminal charges for ASX penny stock Telegram pump-and-dump scheme
Australia financial regulator ASIC has announced that following an ASIC investigation, four people have been criminally charged for their alleged involvement in a coordinated scheme to pump up shares in Australian stock values before dumping them at inflated prices....
News of the Week (July 22—26): USDCNH Review
The USDCNH pair represents the exchange rate between the US dollar and the Chinese yuan. Factors influencing the US dollar include Federal Reserve policies, inflation rates, and the overall health of the US economy. In contrast, the Chinese yuan is affected by China’s...
HDFC Bank CEO expresses concerns over deposits in Q1, BFSI News, ET BFSI
HDFC Bank managing director Sashidhar Jagdishan expressed disappointment over deposits in the quarter to June, a period when volatility in current account flows caught the country's largest private bank off guard."I know that the most important part of our strategy is...
Taiko Reveals Post-Mainnet Optimizations and Future Roadmap
Tony Kim Jul 22, 2024 17:56 Taiko announces significant L1 gas cost reductions and unveils future enhancements post-mainnet launch, including EIP-1559 improvements and transaction preconfirmation. Following its...
EUR/USD Outlook: Correction So Far Limited But Risk of Deeper Pullback Still Exists
EURUSD edges higher in European trading on Monday as bears are taking a breather after a two-day pullback from a multi-week high (1.0948). Rising 10DMA and Fibo 23.6% of 1.0666/1.0948 (1.0881) contained dips for now, signaling a scenario of shallow correction before...
Why India’s march to ‘Viksit Bharat’ will be more difficult than China’s rise, ET BFSI
Economic Survey 2023-24: India, which is currently the world’s fifth largest economy in terms of nominal GDP, is looking to become the third largest in the coming years, and one area that India is looking to benefit is the ‘China Plus One’ strategy. But will India be...
Suryoday Small Finance Bank buys office space in Navi Mumbai for Rs 100 crore, ET BFSI
Representative ImageSuryoday Small Finance Bank has acquired office space in Navi Mumbai’s Nerul from Larsen & Toubro’s real estate development arm L&T Realty for Rs 100 crore.The office space spread over a total 12 units across three wings of one of the...
AUD/USD Mid-Day Report – Action Forex
Daily Pivots: (S1) 0.6672; (P) 0.6693; (R1) 0.6707; More... AUD/USD’s fall from 0.6798 accelerates lower today and intraday bias stays on the downside for 38.2% retracement of 0.6361 to 0.6798 at 0.6631. Strong support could be seen there to bring rebound, and break...
HP and NVIDIA Collaborate on Open-Source Manufacturing Digital Twin
Rongchai Wang Jul 22, 2024 18:14 HP 3D Printing and NVIDIA Modulus team up to enhance manufacturing digital twins using physics-informed machine learning. HP 3D Printing and NVIDIA Modulus have announced a...
Industry leaders expect further reinforcement of vision unveiled in interim budget, ET BFSI
While technology continues to drive India’s socio-economic progress, the key lies in building the nation into the knowledge capital of the world through enhanced R&D and innovation efforts.Ahead of the national election earlier this year, the Union government...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 157.02; (P) 157.38; (R1) 157.78; More… USD/JPY is staying in range above 155.36 temporary low and intraday bias remains neutral. Further decline is expected with 158.85 resistance intact. Below 155.36 will target 38.2% retracement of 140.25 to...
Mcap of 8 of top-10 most valued firms jumps Rs 2.10 lakh cr; TCS, LIC sparkle, ET BFSI
The combined market valuation of eight of the top-10 most valued firms jumped Rs 2,10,330.26 crore in a holiday-shorted last week, with Tata Consultancy Services (TCS) and Life Insurance Corporation of India emerging as the biggest gainers. Last week, the BSE...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8867; (P) 0.8884; (R1) 0.8908; More… USD/CHF is staying in range above 0.8819 and intraday bias remains neutral. Further decline is in favor as long as 0.8914 support turned resistance holds. Break of 0.8819 will target 61.8% retracement of 0.8332...
India’s transformation from Physical to Digital FDIs declining, ET BFSI
-Suhani PrakashBased on the Economic Survey 2023-24, digital Foreign Direct Investment (FDI) rose from 46.6% of total FDI in FY17 to 69.2% in FY21. Physical FDI mostly consisting of sectors such as automobiles, pharmaceuticals, and construction was approximately three...
Live Poker vs Online Poker: A Comprehensive Comparison
Terrill Dicki Jul 22, 2024 17:15 Explore the nuances between live and online poker, highlighting differences in player interaction, game pace, and overall experience. The advent of the internet in the late 1990s...
CBI plea for custody of ex-Gitanjali Group international head rejected, ET BFSI
MUMBAI: A special court on Saturday rejected the CBI's plea for 14-day custody of Sunil Varma- accused in the Rs 13,000 crore Punjab National Bank-related scam. Varma, the former international head of Gitanjali Group of Companies, appeared in court this week three...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2886; (P) 1.2930; (R1) 1.2958; More… Intraday bias in GBP/USD remains neutral for consolidation below 1.3043. Downside of consolidations should be contained by 1.2859 resistance turned support to bring another rally. Break of 1.3043 will resume...
ElevenLabs Launches AI-Powered Reader App on Android
Darius Baruo Jul 22, 2024 16:04 ElevenLabs introduces its AI-powered Reader App on Android, offering high-quality voice narration for texts. Available now in the US, UK, and Canada. The AI-driven voice...
AI’s impact on Indian job market, BFSI News, ET BFSI
The Indian government has issued a warning regarding the potentially adverse impact of artificial intelligence (AI) on the job market. Highlighting the pervasive nature of this new-age technology, the government emphasized that AI could affect workers across all skill...
NRI deposits see fourfold surge to nearly $3 Billion in early FY25, ET BFSI
In a significant surge, overseas Indians deposited nearly $3 billion into non-resident Indian (NRI) deposit schemes during April and May FY25, marking a fourfold increase from the $623 million deposited in the same period last year, according to data released by the...
Taiko’s 5th Trail Challenge Introduces Drummer Faction Badge
James Ding Jul 22, 2024 15:11 Taiko launches its 5th Trail Challenge, offering participants the Drummer Faction Badge. Join the crypto community and secure your identity on the Taiko network. The Trailblazers:...
This S&P 500 sector is expected to grow profits most rapidly through 2026 — and it’s not tech. Here are 14 related stocks.
Two money managers discuss what lies ahead for a reviving sector.
UK planned to spend 10 billion pounds on Rwanda asylum scheme
Britain in April struck up a £120 million ($148 million) deal with Kigali to send some migrants, who had reached the U.K. illegally by crossing the Channel in small boats from Europe, to live in Rwanda.Gareth Fuller - Pa Images | Pa Images | Getty ImagesBritain's...
Sunset Market Commentary – Action Forex
Markets Biden’s dropout from the presidential race grabbed most of the headlines today, if only because there was basically no other news to report. He and many other Democrats have endorsed the current runner-up Kamala Harris as the new nominee. What that means for...
AMF and Banque de France call for coordinated move to T+1 settlement
French financial regulator The Autorité des Marchés Financiers (AMF) and the Banque de France have issued a call for a well-coordinated and efficient transition to a T+1 settlement cycle for transactions on securities across the EU. This initiative comes at a time...
Early birds report muted profit growth for April-June, BFSI News, ET BFSI
ET Intelligence Group: The early trend in the first-quarter results season showed a sustained double-digit growth in aggregate revenue while a higher year-ago base and subdued performance by Reliance Industries (RIL), the country's largest company by revenue and...
These stocks look ‘cheap’ as ‘capex boom’ outweighs any potential Biden program reversal
Stocks that directly benefit from investment in manufacturing and infrastructure are trading at a discount relative to the S&P 500, according to BofA Global Research.
Focus needs to be on deregulation for MSMEs, broaden market exposure, ET BFSI
For the MSME sector, bridging the credit gap remains a crucial element but the focus also needs to be on deregulation, enhancing physical and digital connectivity, and putting in place an export strategy that enables them to broaden their market exposure and scale up,...
PMIs Could Momentarily Take Focus Away from US Developments
Wednesday’s PMI surveys key for both the Fed and the BoE Eurozone PMI manufacturing survey could disappoint again US PMIs unlikely to unsettle September Fed expectations UK figures could surprise on the upside after the general election Important PMI survey prints...
Bank of Baroda unveils AI-powered virtual assistant and new payment app among 10 new initiatives on Foundation Day, ET BFSI
Mumbai: Bank of Baroda announced the launch of several digital initiatives on the bank's Foundation Day, including a GenAI-powered virtual relationship manager and a new app for payments.In all the bank has launched ten new initiatives. “On the Bank’s 117th Foundation...
Secret Service failed Trump at campaign rally shooting, Cheatle tells House
Embattled Secret Service Director Kimberly Cheatle told a House panel on Monday that "we failed" to maintain the agency's "solemn mission to protect our nation's leaders" during the attempted assassination of former President Donald Trump on July 13."We must learn...
When Trump’s odds of winning the election rise, these S&P 500 sectors decline
How Trump’s chances in the PredictIt betting market affect the U.S. stock market.
CrowdStrike shares tumble as fallout from global tech outage continues
George Kurtz, president CEO and Co-Founder at CrowdStrike speaks at the WSJTECH live conference in Laguna Beach, California, U.S. October 21, 2019.Mike Blake | ReutersCrowdStrike shares slipped as much as 13% on Monday morning, as the cybersecurity software company...
Critical RCE Vulnerabilities Discovered in Kafka UI
Peter Zhang Jul 22, 2024 15:37 Researchers identified three critical remote code execution (RCE) vulnerabilities in Kafka UI. Users are advised to upgrade to version 0.7.2 to mitigate risks. Researchers have...
TipRanks partners with DXtrade to offer in-platform Stock Research
DXtrade, a multi-asset trading platform for FX/CFD brokers developed and maintained by Devexperts, has announced that it has partnered with TipRanks, a fintech company that provides data and tools to help investors make informed decisions. DXtrade will integrate...
BoC to Cut Rates Again, What’s Next?
Bank of Canada to slash rates by 25bps for the second time in a row More easing expected, but policymakers might signal a data-dependent approach USDCAD tests key resistance of 1.3740; key support at 1.3620 Investors are confident that the Bank of Canada (BoC) will...
Rupee may test record low; India’s federal budget in spotlight, ET BFSI
The Indian rupee may slip to a record low this week, with traders eyeing cues from the country's federal budget, while the government likely sticking to fiscal discipline could cheer bond traders.The rupee closed at a record closing low of 83.6625 against the U.S....
Aspirations of rising India need to be harnessed but within a democratic framework, ET BFSI
The rising aspirations of Indians need to be harnessed, however, it has to be carried out within a democratic framework, the Economic Survey, tabled by Nirmala Sitharaman on Monday, stated. The survey further noted that India has graduated from being a low-income...
How hyper personalization can radically transform customer journeys, ET BFSI
In today's fast-paced, digital-first world, customer experience (CX) has become a critical differentiator for businesses. In a roundtable hosted by ETBFSI, with Centelon Solutions and Salesforce, a detailed discussion by these thought leaders ensued, which covered the...
Reddit’s stock rises on new partnership with NFL, NBA, MLB, PGA Tour and NASCAR
Reddit clinches deals for video content and player engagement with major U.S. sports organizations.
July Flashlight for the FOMC Blackout Period
Summary Congress has given the Federal Reserve a dual mandate of “maximum employment” and “price stability.” With inflation surging to a 40-year high in 2022, the FOMC largely has focused on its “price stability” mandate in recent years. However, inflation is showing...
McDonald’s to extend $5 value meal in most markets
In an aerial view, a customer walks by a sign as they leave a McDonald's restaurant on April 03, 2023 in San Pablo, California.Justin Sullivan | Getty ImagesMcDonald's will extend its $5 value meal beyond its initial four-week window in most of its U.S. markets, as...
‘I’m not voting’: Why should Donald Trump, Kamala Harris or anyone else make a difference to my finances? I’ll never be able to retire and I’m always broke.
“I am in my 50s and still renting. I cannot afford to buy a house.”
NVIDIA Introduces Instant RM for Rapid and Differentiable Radio Maps
Rongchai Wang Jul 22, 2024 14:33 NVIDIA's Instant RM offers high-performance, differentiable radio maps, significantly accelerating wireless network optimization using advanced ray tracing technologies. Wireless...
Bank credit disbursal hits Rs 164.3 Lakh Crore, GNPA Ratio drops to 12-year low, ET BFSI
The Economic Survey 2024 has highlighted the strong performance and resilience of India's banking sector, showcasing notable improvements in asset quality, capital adequacy, and profitability."Credit growth remains robust, mainly driven by lending to services and...
India should promote Chinese FDI to benefit from western firms’ ‘China plus’ strategy, ET BFSI
The Economic Survey released on Tuesday for the year 2023-24 have forecasted a 6.5 to 7 per cent growth in India and also highlighted the importance of infrastructure boost, rise of stock market etc. It has also added a highlight in the 552 page document on how India...
AUD/USD Outlook: Downtrend Extends into Sixth Consecutive Day
AUDUSD hit three-week low on Monday after recovery attempts overnight were short-lived and bears regained full control. The pair remains in a steep downtrend for the sixth straight day and retraced so far 61.8% of 0.6575/0.6798 rally. Last week’s 1.3% fall left large...
Economic Survey to be presented today, a day before Budget, ET BFSI
Budget 2024: Finance Minister Nirmala Sitharaman who will present Union Budget for record-seventh time is scheduled to table the Economic Survey on July 22, Monday at 2:30 pm."The Economic Survey of India will be laid on the table of the Houses of Parliament on...
Harris campaign says it has raised nearly $50 million since Biden’s exit from White House race
The Kamala Harris campaign has raised $49.6 million in grassroots donations since President Joe Biden exited the White House race on Sunday afternoon and then endorsed her, a spokeswoman for her campaign told MarketWatch early Monday.
Flight cancellations persist after IT outage
The United Airlines terminal on July 19, 2024 as a global technology outage affected LAX airport in Los Angeles. Myung J. Chun | Los Angeles Times | Getty ImagesFlight cancellations and delays continued on Saturday as airlines worked to recover from a global IT outage...
NZD/USD Faces Downward Pressure Amid US Political Developments and RBNZ Rate Speculations :: InvestMacro
By RoboForex Analytical DepartmentThe NZD/USD pair is experiencing a significant downturn, trading around 0.5996. Several factors influence this decline, including global political developments and domestic monetary policy expectations.The recent announcement by US...
Riot Platforms (RIOT) Schedules Q2 2024 Earnings Call for July 31
Jessie A Ellis Jul 22, 2024 12:52 Riot Platforms, Inc. announces its Q2 2024 earnings call, set for July 31, 2024. The call will discuss the company's financial results for the quarter. Riot Platforms, Inc....
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0870; (P) 1.0889; (R1) 1.0903; More…. EUR/USD is staying in range below 1.0947 and intraday bias remains neutral. Further rise is in favor as long as 1.0871 minor support holds. Break of 1.0947 will target 100% projection of 1.0601 to 1.0915 from...
SGB framework rated as ‘medium green’ with good governance score by CICERO, ET BFSI
The ‘Framework for Sovereign Green Bonds’ released in 2022 has enabled the mobilisation of resources from diversified investors for green projects, deepening the bond market. The framework has been rated as ‘Medium Green’ with a ‘Good’ governance score by CICERO, a...
CrowdStrike’s stock falls further as it draws downgrades in wake of incident
Analysts worry that the outages sparked by a CrowdStrike software update will lead to delays of new deals.
Special Olympics Embraces Tech Evolution Led by Athletes
Rebeca Moen Jul 22, 2024 13:27 Special Olympics athletes are spearheading a tech transformation to enhance inclusivity and streamline operations, leveraging tools like Microsoft Dynamics 365. Special Olympics is...
SGB framework rated as ‘medium green’ with good governance score by CICERO, ET BFSI
The ‘Framework for Sovereign Green Bonds’ released in 2022 has enabled the mobilisation of resources from diversified investors for green projects, deepening the bond market. The framework has been rated as ‘Medium Green’ with a ‘Good’ governance score by CICERO, a...
Boeing on path to ‘transformational change,’ commercial jet CEO says
Boeing's Stephanie Pope gives a press conference at the Paris Le Bourget Airport, on June 20, 2023.Geoffroy Van Der Hasselt | AFP | Getty ImagesLONDON — Boeing's output of 737 Max planes is showing signs of improvement, the new head of its commercial unit said ahead...
The People’s Bank of China unexpectedly cut interest rates. Biden quits from the presidential race :: InvestMacro
By JustMarketsOn Friday, the Dow Jones (US30) Index fell by 0.93% (for the week +0.37%), while the S&P 500 (US500) Index lost 0.71% (for the week -2.36%). The NASDAQ Technology Index (US100) closed negative 0.81% (for the week -4.11%). Investors continued to take...
Economic Survey, BFSI News, ET BFSI
New Delhi, The Economic Survey released on Monday states that India's banking and financial sectors have displayed a stellar performance in FY24 in mobilising funds to fuel economic growth with financial inclusion."Double-digit and broad-based growth in bank credit,...
Berkshire Hathaway’s Warren Buffett trims stake in Bank of America after stock’s 2024 rally
Bank of America’s largest shareholder trims stake to under 1 billion shares by selling $1.5 billion worth of the bank’s stock.
Aussie’s Selloff Deepens as Copper Prices Plunge
Australian Dollar continues to lead the decline among commodity currencies today, with the selloff appearing to accelerate. Despite stabilization in risk sentiment in Europe where major indexes are trading positively, and US futures, particularly NASDAQ, pointing to a...
Net profit jumps 147% YoY to Rs 551 crore, ET BFSI
State-owned UCO Bank on Monday reported a 147 per cent year-on-year jump in net profit to Rs 551 crore in the April-June quarter. The lender's bottomline in the corresponding period a year ago stood at Rs 223 crore. Operating profit in the reporting quarter was Rs...
Delta cancels more flights, struggles to recover from Microsoft outage
Travelers wait in line at a Delta Airlines counter at Ronald Reagan National Airport in Arlington, Virginia, on July 19, 2024. Airlines around the world experienced disruption on an unprecedented scale after a widespread global computer outage grounded planes and...
This ad-technology company could benefit from Biden dropping out
Oppenheimer analyst Jason Helfstein believes Trade Desk should ‘disproportionately benefit’ from Biden dropping out of the race for the White House.
Households not in distress, investing more in financial assets: CEA Nageswaran, ET BFSI
New Delhi: Chief Economic Advisor V Anantha Nageswaran on Monday said that households are investing more in financial assets and their market value are not captured in the national income data. The Economic Survey 2023-24, tabled in Parliament, said that registered...
EURCHF Hovers Around 38.2% Fibo
EURCHF spikes lower following rejection at 23.6% Fibo Price trades sideways after break below 50-day SMA Momentum indicators are neutral-to-negative EURCHF has been staging a solid recovery since mid-June, advancing to its highest level in more than a month last...
Bullish Signals Propel Bitcoin (BTC) to 39-Day High Amid Market Resilience
Iris Coleman Jul 22, 2024 12:22 Bitcoin (BTC) hits a 39-day high of $68,560 amid strong bullish signals, ETF inflows, and market resilience, according to Bitfinex Alpha. Bitcoin (BTC) has shown remarkable...
Republicans call on Biden to resign
Republican lawmakers are calling on President Joe Biden to resign after he announced Sunday that he will no longer seek reelection."If Joe Biden is not fit to run for President, he is not fit to serve as President," Speaker of the House Mike Johnson said in a post on...
BFSI ranks third in top startup sectors in FY23; significant jump in GCCs, ET BFSI
The Economic Survey 2024 tabled today highlighted that BFSI came third in terms of the top sectors for startups in India, with digital payments and UPI contributing to this growth. The top sectors for start-ups in 2023 were EdTech (16 per cent), EnterpriseTech (12 per...
Is Google’s biggest competition itself? Watch Alphabet’s earnings for signs.
Alphabet reports earnings after Tuesday’s closing bell, and Wall Street will be listening for information about the early rollout of AI Overviews in search.
SAFE market makes comeback as some Indians dodge rules to bet on foreign startups, ET BFSI
Lured by hopes of multi-bagger returns, many moneyed Indians are treading a regulatory twilight zone to bet on foreign startups.They are investing in 'SAFEs', which are hybrid notes standing for 'simple agreement for future equity', sold by overseas firms trying to...
GM, Ford, Stellantis second-quarter earnings: What analysts expect
General Motors CEO Mary Barra, center, at the New York Stock Exchange, Nov. 17, 2022.Source: NYSEDETROIT — Wall Street expects General Motors to be the standout among the traditional Detroit automakers when they report second-quarter results this week, with sales and...
Bundesbank urges prudence: further rate reductions must be judiciously evaluated
Bundesbank’s latest monthly report indicates that while some factors are bolstering the economy, they are simultaneously complicating efforts to bring inflation down to target. “The labor markets are still operating at high capacity, wage growth is brisk, and prices...
SquaredFinancial hires ADSS alum Francis Lee as Head of Asia
Cyprus based Retail FX and CFDs broker SquaredFinancial has announced that it has hired Hong Kong based executive Francis Lee as the company’s new Head of Asia, to accelerate regional growth. The company said that this strategic move is part of its expansion plan to...
Economic Survey 2024 cautions on heightened stock market activities & retail investor participation, ET BFSI
The financialisation of economies has not ended well, even for advanced economies. The global financial crisis of 2008 is an obvious example. Developing countries face debilitating crises when financial market ‘innovations’ and growth run ahead of economic growth....
Nvidia, Super Micro, Broadcom — and 22 other stocks most likely to crash
It’s a bad sign when investors believe the probability of a crash is particularly low — like now.
Kamala Harris needs to turn her political fortunes around in quicktime
Vice President Kamala Harris speaks during a political event at the Air Zoo Aerospace & Science Experience in Portage, Michigan, on July 17, 2024.Jeff Kowalsky | AFP | Getty ImagesThe pressure is on Vice President Kamala Harris to turn around her political...
BNB Chain to Participate in Blockchain Rio 2024, Showcasing Web3 Innovations
Caroline Bishop Jul 22, 2024 11:23 BNB Chain will attend Blockchain Rio 2024, Latin America's premier blockchain event, featuring industry leaders and immersive experiences. BNB Chain is set to be a prominent...
Korean Air orders at least 40 Boeing wide-body planes
A Boeing 777X airplane takes off during its first test flight from the company's plant in Everett, Washington, January 25, 2020.Terray Sylvester | ReutersFARNBOROUGH, England — Boeing won orders for at least 40 wide-body jetliners from Korean Air, including the...
Australian Dollar Falls to 3-Week Low
The Australian dollar is coming off a rough week with losses of 1.45% and the downtrend has continued on Monday. AUD/USD is trading at 0.6664 in the European session, down 0.30% on the day at the time of writing. The Aussie climbed 1.9% in the first two weeks of July...
Net profit rises 40% YoY to Rs 1,719 crore, NII drops 19%, ET BFSI
IDBI Bank on Monday reported 40% year-on-year (YoY) growth in its standalone net profit at Rs 1,719 crore for the first quarter ended June 2024. The same stood at Rs 1,224 crore in the last year quarter.Net interest income (NII) for the reporting quarter declined 19%...
India’s retail inflation lower than EMDEs and world average, ET BFSI
Despite global economic disruptions and domestic pressures, India’s retail inflation was contained at 5.4% in FY24, marking the lowest rate since the pandemic, says the Economic Survey 2024.India’s standing globallyThe COVID-19 pandemic initially caused supply chain...
Verizon’s earnings show a return to growth on key wireless-subscriber metric
Verizon returned to growth on a key subscriber metric in its wireless-phone business, though its stock headed lower in premarket action Monday.
XTX Markets’ Alex Gerko loses quant trader payouts tax case at former firm GSA Capital
Business site Bloomberg.com is reporting that Alex Gerko, founder of algo trading and market making firm XTX Markets, has lost a court case in the UK versus HM Revenue & Customs regarding the taxation of deferred payouts at his former high frequency and quant...
BFSI ranks third in top startup sectors in FY23; significant jump in GCCs, ET BFSI
The Economic Survey 2024 tabled today highlighted that BFSI came third in terms of the top sectors for startups in India, with digital payments and UPI contributing to this growth. The top sectors for start-ups in 2023 were EdTech (16 per cent), EnterpriseTech (12 per...
Crypto Rests After Another Rise
Market picture The cryptocurrency market is near 6-week highs, with capitalisation near $2.44 trillion, adding 0.5% in the last 24 hours. A wait-and-see attitude and some profit-taking replaced active buying in the last three days starting Friday. Judging by the...
Tesla needs to show off its AI skills the way Nvidia already has
Nvidia seems a better value than Tesla now, but both stocks have compelling upside potential.
Pelosi spoke to Biden the day before he dropped out of 2024 election
U.S. President Joe Biden presents the Presidential Medal of Freedom to U.S. Representative and former House Speaker Nancy Pelosi (D-CA) during a ceremony at the White House in Washington, U.S., May 3, 2024. Evelyn Hockstein | ReutersFormer House Speaker Nancy Pelosi,...
Economic Survey 2024 cautions on heightened stock market activities & retail investor participation, ET BFSI
The financialisation of economies has not ended well, even for advanced economies. The global financial crisis of 2008 is an obvious example. Developing countries face debilitating crises when financial market ‘innovations’ and growth run ahead of economic growth....
Three Sentenced in Landmark Market Manipulation Case
Tony Kim Jul 22, 2024 10:20 Three individuals have been sentenced to prison terms ranging from 52 to 80 months in a landmark market manipulation case, according to the SFC. In a pivotal ruling, three individuals...
Animoca Brands’ Mocaverse Partners with TON Foundation for Token Swap and User Engagement
Terrill Dicki Jul 22, 2024 10:57 Animoca Brands' Mocaverse enters a strategic partnership with TON Foundation, involving MOCA Coin and Toncoin token swap to enhance user engagement and ecosystem growth. Animoca...
Compensation gap between CEO & median employee widens in India Inc from pre-pandemic years, finds ET study, ET BFSI
The gap between the chief executive officer and median employee compensation in India Inc. has widened from the pre-pandemic years, as per an ET study of 35 listed companies who are amongst the top ones in their respective sectors or by market cap.The ratio of...
Oil prices tick lower after finishing Friday at 5-week low
Oil futures edged lower early Monday, struggling to recover from a selloff last week that saw crude fall to five-week lows on concerns about the outlook for demand from China.
ECB’s Kazimir: Two more rate cuts this year not guaranteed
In an op-ed published today, ECB Governing Council member Peter Kazimir addressed market expectations for two additional rate cuts before the end of the year. He stated that while these market bets are “not entirely misplaced,” they should not be considered a “given...
Economic Survey 2024 exposes corporate quandary, ET BFSI
India's corporate sector has posted remarkable financial gains, yet employee recruitment and salary growth have lagged significantly, according to the Economic Survey for 2023-24. Highlighting that job creation predominantly occurs in the private sector, the...
Here are Kamala Harris’ next steps after securing Biden’s endorsement
Vice President Kamala Harris on Sunday received President Joe Biden's endorsement to replace him at the top of the Democratic ticket in the race against Donald Trump."I am honored to have the President's endorsement and my intention is to earn and win this...
Capital position of NBFCs remain healthy, GNPA ratio at 2.5%, says Report, ET BFSI
NBFCs have demonstrated strong financial health, similar to the banking sector. As of the end of March 2024, the gross non-performing assets (GNPAs) of both scheduled commercial banks (SCBs) and NBFCs were below 3 per cent of total advances. Provisional data shows...
‘We let our lawyers duke it out’: My $300K brokerage account was accidentally omitted from my divorce. Should I say something?
“There was no mention of this brokerage account that was in my name even during our divorce though it was opened during our marriage.”
USD/JPY: Another Potential Relief Rally Leg Looms for JPY
A potential uptick in Japan’s core-core CPI led by PPI may increase the odds of a BoJ’s interest rate hike in September. Republican presidential nominee Donald Trump’s betting odds have slipped after US President Biden decided to bow out of the US Presidential...
Digital Asset Fund Inflows Reach $1.35 Billion Amid Positive Market Sentiment
Caroline Bishop Jul 22, 2024 09:47 Digital asset investment products saw inflows of $1.35 billion last week, with Bitcoin leading the charge, according to CoinShares. Digital asset investment products...
Employee Motivation Ideas That Work » Succeed As Your Own Boss
Are you frustrated by the high turnover rate at your company? Do you find yourself constantly hiring and training new employees, only to see them leave after a few months or a year? If so, it’s time to take a closer look at your management practices. Creating a...
Striking a balance key challenge for Sitharaman, BFSI News, ET BFSI
NEW DELHI: Finance minister Nirmala Sitharaman's seventh Budget will do a tight rope walk as she looks to strike a balance between the need to spend more on social sector schemes amid calls from allies for additional assistance to states, while seeking to address...
Ukraine said it’s reached deal to restructure debt
War-ravaged Ukraine said it’s reached a deal with creditors to restructure its debt.
Female labour force participation spikes in last six years, ET BFSI
Economic Survey 2024: Female labour force participation spikes in last six yearsThe Economic Survey 2024 on Monday said the female labour force participation has been rising over the last six years, and the unemployment rate is on the decline."The female labour force...
India third largest fintech economy, a cornerstone to help achieve financial inclusion, ET BFSI
India is emerging as a fintech nation and becoming the third-largest growing fintech economy in the world. India's robust DPI has played a pivotal role in enabling the country's digital transformation, providing citizen-centric and transparent governance services....
Aussie Leads Decline in Commodity Currencies; Risk Aversion Dominates Following China’s Rate Cut
Australian Dollar leads other commodity currencies lower in Asian session today, reflecting a broader risk-off sentiment in the markets. The market’s risk-off sentiment is further emphasized by the strength of Yen and Swiss Franc, currencies typically favored during...
Changing customer behaviour forces India’s banks to recalibrate strategies, ET BFSI
As a time when persistent inflation is eating into people's bank savings but banks are resisting a raise in interest rates on savings deposits, savers are turning themselves into investors, pushing banks to rethink their strategies, ToI reported on July 22. According...
How to Use DALL-E To Generate AI Images?
Artificial intelligence has been instrumental in transforming the way we work, create stories and paint artwork. The DALL-E AI image generator is the best example of tools that can help you generate artwork with unparalleled excellence. You might wonder how artificial...
Kamala Harris sees surge in big money support after Biden drops out
Vice President Kamala Harris is already seeing a wave of big money donor support following President Joe Biden dropping out of the race, with the help of bundlers who have assisted her in past races, according to people familiar with the matter.Moments after Biden...
Vivendi says it may list Canal+ in London
The French conglomerate said it has now completed a study showing the feasibility of listing its Canal+ subsidiary on the London Stock Exchange in what would be a major win for the troubled market
ATFX Executive Talks: Hormoz Faryar, Managing Director of Institutional Sales, ATFX MENA
In October 2023, Hormoz Faryar joined ATFX as the Managing Director of Institutional Sales in MENA. With over 23 years of invaluable experience in FX trading and sales, Hormoz brings a wealth of knowledge and expertise to his new role. Today, Hormoz will share...
RBI steps up measures to drain out excess liquidity, BFSI News, ET BFSI
The Reserve Bank of India (RBI) has sought to prevent potentially inflation-stoking banking system liquidity enhancement through deft currency and bond market interventions, with foreign inflows into local sovereign debt quickening after the country's inclusion in a...
PM Narendra Modi at the start of Parliament’s Budget session, ET BFSI
Budget 2024 expectations: Prime Minister Narendra Modi today said the Union Budget 2024 to be presented in Parliament tomorrow will further the goal of a ‘Viksit Bharat’ by 2047. At the start of the Parliament’s Budget session, PM Modi addressed the media and said...
Jennifer Lopez and Ben Affleck have listed their marital mega-mansion: The price: $68 million
Following a rekindled romance and wedding, the couple are selling the sprawling compound that they just bought last year.
HKMA Issues Alert on Fraudulent Websites Linked to Bank Julius Baer
Tony Kim Jul 22, 2024 08:55 The Hong Kong Monetary Authority (HKMA) warns the public about fraudulent websites related to Bank Julius Baer & Co. Ltd., urging caution and immediate action if affected. The...
Budget 2024, Q1 earnings action among 11 factors to impact D-Street mood this week, ET BFSI
Nifty ended with 0.9% gains in a week helped by gains in IT even as metals and consumer durables pulled the markets back. When markets resume trading on Monday, a host of important domestic and global events lined up during the holiday-truncated week are likely to...
Biden drops out of U.S. presidential race, global leaders react
US President Joe Biden speaks during an economic summit at the College of Southern Nevada in Las Vegas, Nevada, on July 16, 2024. Kent Nishimura | Afp | Getty ImagesU.S. President Joe Biden on Sunday dropped his reelection bid and and backed Vice President Kamala...
Fundraising via bonds halves in June as issuers wait for Budget, govt cues, ET BFSI
Private placements of corporate bonds saw a modest decline in June, reflecting a period of cautious fundraising amid moderating credit growth and uncertainty surrounding new government policies. Corporations and financial institutions raised Rs 66,300 crore through...
DG Institute and Dominique Grubisa hit with $20M+ court order for misleading wealth seminar students
The Australia Federal Court has ordered Master Wealth Control Pty Ltd, operating as DG Institute, to pay AUD $5 million in pecuniary penalties for making false or misleading representations to consumers in the promotion and sale of two education programs called Real...
Gold Declines Sharply from All-time High
Gold jumped to its highest level ever on July 17 But reversed lower due to reaching overbought conditions Despite latest weakness, oscillators remain positively tilted Gold had been in a steady uptrend since late May, which led to a fresh all-time high of 2,483 last...
Ryanair expects slump in air fares over key summer months
Shares in Ryanair fell 12% on Monday as the low-cost airline said lower air fares and higher costs had led to a 46% drop in its first quarter profits
Piramal Capital gives initial price guidance for maiden dollar bonds, bankers say, ET BFSI
MUMBAI, - India's Piramal Capital and Housing Finance has provided an initial price guidance of 8.25% for its debut issue of sustainability dollar bonds through which it plans to raise up to $500 million, two bankers said on Monday.The non-bank lender is looking to...
Indian economy likely to grow at 6.5-7% in FY25, ET BFSI
The Economic Survey 2023-24 tabled by Finance Minister Nirmala Sitharaman in Parliament on Monday said the Indian economy is on a strong wicket and stable footing, demonstrating resilience in the face of geopolitical challenges."High economic growth in FY24 came on...
Govt to remain on path of deficit and debt consolidation, says Radhika Rao, ET BFSI
As the government authorities prepare their first Budget of the new term, they seek to remain on the path of deficit and debt consolidation while invigorating the economy to return to its pre-pandemic path, revealed Senior Economist Radhika Rao in a latest report by...
Govt to remain on path of deficit and debt consolidation, says Radhika Rao, ET BFSI
As the government authorities prepare their first Budget of the new term, they seek to remain on the path of deficit and debt consolidation while invigorating the economy to return to its pre-pandemic path, revealed Senior Economist Radhika Rao in a latest report by...
FX option expiries for 22 July 10am New York cut
There are a couple of large ones in the likes of EUR/USD, USD/JPY, and USD/CAD. However, they are all unlikely to feature as they are quite a distance away from the spot price currently. As such, the expiries should have no impact on price action with the focus to...
Delta cancellations extend into a fourth day
Delta Air Lines is still struggling to overcome the disruptions caused by CrowdStrike’s errant software update, cancelling 11% of its flights on Monday.
AI that can talk with other AI will launch in 2025, Capgemini predicts
Photo Of Robot Examining Invoice With Magnifying Glass.Andreypopov | Istock | Getty ImagesArtificial intelligence-powered agents will be able to work together and solve tasks in a so-called "multi-agent AI" system by 2025, according to technology services giant...
Kamala Harris presidential campaign as Biden drops out
Trump rains criticism after Biden's decision to withdraw from presidential raceRepublican presidential nominee, former U.S. President Donald Trump pauses while speaking after officially accepting the Republican presidential nomination on stage on the fourth day of the...
US Will Reveal Its Latest GDP Update
Joe Biden threw in the towel and announced that he quits the presidential race this weekend. He endorsed Vice President Kamara Harris to take his place. Harris said that she will do anything in her power to beat Trump, she got the support from Bill and Hillary Clinton...
Athena Intelligence Leverages LangSmith for Streamlined Enterprise Reports
Darius Baruo Jul 22, 2024 06:55 Discover how Athena Intelligence uses LangSmith's features to enhance enterprise analytics and generate high-quality reports efficiently. Athena Intelligence, an AI-powered...
Beeks Financial reports 27% YoY growth in Revenues, EBITDA for FY2024
Scotland based cloud computing and financial markets connectivity provider Beeks Financial Cloud Group plc (LON:AIM) has issued a Trading Update for its fiscal year ended 30 June 2024 (FY24). FY24 results are expected to be in line with consensus expectations, with...
Cronos (CRO) Announces $30,000 zkCRO Giveaway Ahead of Mainnet Launch
Alvin Lang Jul 22, 2024 07:36 Cronos (CRO) is hosting a $30,000 zkCRO giveaway event for early supporters who stake CRO or LCRO tokens on the zkEVM bridge. Cronos (CRO) has unveiled an enticing giveaway event,...
Read President Joe Biden’s letter announcing his decision to drop out of the 2024 race
U.S. President Joe Biden looks on at the 115th NAACP National Convention in Las Vegas, Nevada, U.S., July 16, 2024. Tom Brenner | ReutersPresident Joe Biden on Sunday announced he will not be seeking reelection in the 2024 presidential race and endorsed Vice...
Here’s how a President Kamala Harris could act on key economic issues
Investors should expect a potential Kamala Harris administration to defend the economic policies that Biden instituted during his term, experts say.
Here’s the bad news for tech investors wondering if AI spending is paying off
Tech earnings still won’t answer the question of whether AI spending is paying off beyond Nvidia and a few chip and hardware makers.
Joe Biden leaves the race – markets prepare for wild Monday
Financial markets are preparing for what will likely be a wild Monday, after US President Joe Biden made a (somewhat surprising) announcement in the early afternoon hours on Sunday US east coast time, that he would not seek reelection in the upcoming US election in...
Biden drops out of 2024 presidential election against Trump
U.S. President Joe Biden attends a NATO event to commemorate the 75th anniversary of the alliance, in Washington, U.S., July 9, 2024.Yves Herman | ReutersPresident Joe Biden on Sunday dropped out of the 2024 presidential race and endorsed Vice President Kamala Harris...
Stocks wobble after rotation from Big Tech leaves broadened rally in question
U.S. stocks are wobbling, as volatility rises in the bull market.
RCO Finance Looks Ready to Skyrocket, Says Dogecoin Analyst as WIF and PEPE Stall
RCO Finance is increasingly becoming one of the most sought-after crypto projects. It draws significant interest from investors as the renowned Dogecoin analyst backs it for a massive rally. Interestingly, top altcoins like WIF and PEPE are losing investors to RCOF as...
Sustainable Innovations: How Eco-Friendly Packaging is Transforming Sydney’s Retail Landscape
Sustainable Innovations: How Eco-Friendly Packaging is Transforming Sydney's Retail Landscape - Small Business Bonfire Home » Retail » Sustainable Innovations: How Eco-Friendly Packaging is Transforming...
Secret Service says it denied some Trump requests for extra security
Former US President Donald Trump exits after attending the Republican National Convention (RNC) at the Fiserv Forum in Milwaukee, Wisconsin, US, on Monday, July 15, 2024. Al Drago | Bloomberg | Getty ImagesThe Secret Service denied some of former President Donald...
EUR/CHF Weekly Outlook – Action Forex
EUR/CHF reversed after edging higher to 0.9772 but recovered after breaching 38.2% retracement of 0.9476 to 0.9772 at 0.9659. Initial bias is turned neutral this week first. Strong bounce from current level will maintain near term bullishness. Break of 0.9972 will...
EUR/AUD Weekly Outlook – Action Forex
EUR/AUD’s rebound from 1.5996 extended higher last week and broke through 55 D EMA (now at 1.6216). The development is taken as the first sign that whole correction from 1.0762 has completed with three waves down to 1.6000 fibonacci support. Further rise is expected...
Two Magnificent Seven companies report this week. Only one will likely be among the biggest profit drivers.
Second-quarter earnings reporting season is heating up, with much of the action likely hitting markets on Tuesday, when both electric-vehicle maker Tesla Inc. and Google parent Alphabet Inc. — two Magnificent Seven companies whose stocks are headed in opposite...
DeepBook Enhances DeFi Protocols with Superior Liquidity and Speed
Felix Pinkston Jul 18, 2024 05:32 DeepBook's deep liquidity, quick execution, and ease of integration give Sui DeFi protocols a competitive edge. DeFi protocols are increasingly highlighting the advantages of...
Sen. Joe Manchin calls on Biden to drop out of presidential race
Sen. Joe Manchin, D-W.Va., is seen in the U.S. Capitol on Wednesday, September 6, 2023.Tom Williams | CQ-Roll Call, Inc. | Getty ImagesIndependent Sen. Joe Manchin on Sunday called on President Joe Biden to exit the race against former President Donald Trump."I came...
EUR/GBP Weekly Outlook – Action Forex
EUR/GBP recovered after edging lower to 0.8382 last week. With break of 55 4H EMA (now at 0.8421), initial bias is mildly on the upside for stronger rebound to 55 D EMA (now at 0.8477). Nevertheless, outlook will stay bearish as long as 0.8498 resistance holds, and...
EUR/JPY Weekly Outlook – Action Forex
EUR/JPY’s fall from 175.41 short term top extended lower last week but recovered after hitting 169.98. Initial bias remains neutral this week first, and further fall is in favor as long as 172.91 resistance holds. Below 169.98 will target 38.2% retracement of 153.15...
NVIDIA Fully Adopts Open-Source GPU Kernel Modules in Upcoming R560 Driver Release
Lawrence Jengar Jul 18, 2024 05:52 NVIDIA transitions to open-source GPU kernel modules with the R560 driver release, enhancing performance and support for modern GPUs. NVIDIA has announced a significant shift...
Lineage is going public: 5 things to know about the cold-storage warehouse REIT
Lineage IPO is expected to be the biggest of 2024 by a wide margin
GBP/JPY Weekly Outlook – Action Forex
GBP/JPY’s pullback from 208.09 extended lower last week but recovered after hitting 202.08. Initial bias remains neutral this week first. Further fall is in favor as long as 205.77 resistance holds. This decline from 208.09 might be correcting the whole rise from...
USD/CAD Weekly Outlook – Action Forex
USD/CAD’s strong rally last week suggests that consolidative pattern from 1.3845 has completed with three waves to 1.3588, after being supported by 38.2% retracement of 1.3716 to 1.3845 at 1.3589 Initial bias stays on the upside this week for 1.3790 resistance first....
Spider Tanks Unveils Ferocious T-Rex in Latest Showcase
Ted Hisokawa Jul 18, 2024 06:17 Gala Games introduces the T-Rex in Spider Tanks, detailing its powerful abilities and unique gameplay dynamics. Gala Games has released a new addition to its popular game, Spider...
Fintechs seek banking partnership, BFSI News, ET BFSI
The fintech sector is making a strong pitch for closer cooperation with traditional banks, while simultaneously eyeing substantial support in the upcoming Union Budget 2024-25. Industry leaders believe that a synergistic relationship between the two can revolutionise...
AUD/USD Weekly Report – Action Forex
AUD/USD’s fall from 0.6798 short term top extended lower last week. Initial bias stays on the downside this week for 38.2% retracement of 0.6361 to 0.6798 at 0.6631. Strong rebound would be seen there to bring rebound. On the upside, above 0.6754 minor resistance will...
Barry Brewer’s ‘Chicago, I’m Home’ Special Hits Gala Film with NFT Moments
Felix Pinkston Jul 18, 2024 06:45 Gala Film launches Barry Brewer’s comedy special 'Chicago, I’m Home' with exclusive NFT Moments and rewards. Barry Brewer’s latest stand-up comedy special, “Chicago, I’m Home,”...
Binance Completes Galxe (GAL) to Gravity (G) Token Swap and Rebranding
Jessie A Ellis Jul 21, 2024 09:24 Binance has finalized the Galxe (GAL) token swap, redenomination, and rebranding to Gravity (G), now available for trading. Binance has successfully completed the token swap,...
USD/CHF Weekly Outlook – Action Forex
USD/CHF dipped to 0.8819 last week as fall from 0.9223 tried to resumed, but recovered since then. Initial bias remains neutral this week first. Further decline is in favor as long as 0.8914 support turned resistance holds. Break of 0.8819 will target 61.8%...
India Kotak Mahindra Bank appoints external auditor post RBI order, ET BFSI
By Siddhi NayakMUMBAI -India's Kotak Mahindra Bank has appointed Grant Thorton Bharat as an external auditor for its IT systems, months after the central bank (RBI) barred the lender from adding new clients digitally, its chief executive officer said on Saturday.The...
GBP/USD Weekly Outlook – Action Forex
GBP/USD edged higher to 1.3043 last week but retreated since then. Initial bias remains neutral this week for consolidations first. Downside should be contained by 1.2859 resistance turned support to bring another rally. Break of 1.3043 will resume the rise from...
Binance (BNB) Unveils CPT Framework to Analyze Crypto Market Dynamics
Rebeca Moen Jul 21, 2024 09:51 Binance Research introduces the CPT Framework to analyze crypto market dynamics, focusing on capital, people, and technology as key structural drivers. Binance Research has...
USD/JPY Weekly Outlook – Action Forex
USD/JPY’s correction from 161.94 extended to 155.36 last week but recovered since then. Initial bias remains neutral this week and further fall is expected with 158.85 resistance intact. Below 155.36 will target 38.2% retracement of 140.25 to 161.94 at 153.65. On the...
FX week in review: OANDA and Saxo for sale, Spain CFDs restrictions, BUX UK sold, Trive exits UK
It was a week of (fairly wild!) change in the Retail FX and CFDs business, with a lot of M&A activity in the headlines, alongside broker license losses and reinstatements, plus our usual list of senior executive moves. Some of the most read and commented-on FX/CFD...
EUR/USD Weekly Outlook – Action Forex
EUR/USD edged higher to 1.0947 last week but retreated since then. Initial bias remains neutral this week first, and further rise is in favor as long as 1.0871 minor support holds. Break of 1.0947 will target 100% projection of 1.0601 to 1.0915 from 1.0665 at 1.0979....
IBM Research Delves into Fundamental Questions with Exploratory Science
Felix Pinkston Jul 21, 2024 08:55 IBM Research is pushing the boundaries of science, mathematics, and computation through its exploratory science initiatives. IBM Research is embarking on a journey to answer...
Forex and Cryptocurrency Forecast – Action Forex
EUR/USD: FOMC – Are Surprises Expected on 31 July? This review will begin somewhat unusually, not from the start, but from the end of the past work week. On the evening of 18 July and the morning of the 19th, system administrators and users encountered non-functional...
Shift in Risk Sentiment a Short-Lived Anomaly or Start of a Longer Correction?
Last week proved to be a whirlwind for global markets, marked by a series of shocking events—from the failed assassination attempt on Donald Trump last weekend, to the historic global tech outage that occurred on Friday that brought significant attention but...
Enhancing Agent Planning: Insights from LangChain
Alvin Lang Jul 21, 2024 04:57 LangChain explores the limitations and future of planning for agents with LLMs, highlighting cognitive architectures and current fixes. According to a recent LangChain Blog post,...
NVIDIA Advances AI-Driven 6G Innovation with AI-RAN Alliance, 3GPP, and O-RAN
Rebeca Moen Jul 21, 2024 05:27 NVIDIA collaborates with AI-RAN, 3GPP, and O-RAN to drive AI-driven innovations in 6G technology, focusing on AI-native tools and frameworks. The development of 6G technology is...
Unlock Exclusive Rewards with ‘Chicago, I’m Home’ Mystery Boxes
Rongchai Wang Jul 18, 2024 07:13 Gala Film introduces 'Chicago, I'm Home' Mystery Boxes, offering exclusive Barry Brewer and Gala Film prizes and unlocking Expansions. Gala Film has unveiled the 'Chicago, I'm...
CrowdStrike outage affected 8.5 million Windows devices, Microsoft says
Microsoft said Saturday it estimates that worldwide about 8.5 million computers were disabled by the outage caused by an update from the Texas based cyber security company, CrowdStrike on Friday.
ACCC warns of consumer scams following CrowdStrike Windows outage
Australia’s National Anti-Scam Centre, run by the Australian Competition and Consumer Commission (ACCC) has issued a warning to consumers and small businesses to be wary of unsolicited calls, emails or messages requesting they download a software patch or provide...
How to know if a financial planner is a good match or a mismatch for your money
Get the lowdown on a financial adviser before you give them a dime.
ElevenLabs Launches Advanced Text-to-Speech AI with 100+ Voices
Felix Pinkston Jul 20, 2024 17:49 ElevenLabs introduces a cutting-edge text-to-speech software featuring over 100 AI-generated voices in 29 languages, aiming to revolutionize the TTS industry. ElevenLabs, a...
Foreign banks turn biggest investors in India debt ahead of JP Morgan bond inclusion: RBI Bulletin, ET BFSI
Foreign banks have emerged as the largest investors, with their investments exceeding the value of net inflows into index-eligible bonds, according to the RBI Bulletin. "Some of the world’s largest sovereign wealth funds have significantly increased their investments...
Banks line up special plans to lure retail deposits, ET BFSI
Indian banks are stepping up their efforts to attract retail deposits by offering special plans that provide savers with interest rates at least 25-30 basis points higher than current rates for comparable tenures.Several major banks, including State Bank of India...
Gala Games Introduces New Features and Updates to Treasure Tapper
Iris Coleman Jul 18, 2024 08:19 Gala Games unveils exciting updates and features for Treasure Tapper, its free Telegram mini app game, enhancing user engagement and rewards. Gala Games has rolled out a series of...
Speculator Bets led by Russell-2000 & DowJones :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday July 16thand shows a quick view of how large traders...
Gala Games Unveils Early Access for Superior, Requiring Prime Character NFTs
Rongchai Wang Jul 18, 2024 08:39 Gala Games launches early access for Superior, a roguelite game where players need Prime Character NFTs to join the battle against rogue superheroes. Gala Games has announced the...
RBI chief, BFSI News, ET BFSI
Mumbai, RBI Governor Shaktkanta Das on Friday said banks and NFCs must be fair in their conduct and practices with consumers as this fosters confidence and public trust in financial institutions which strengthens their stability.He pointed out that RBI has issued...
Rep. Takano calls on Biden to exit race, pass the torch to Harris
Chairman Mark Takano, of the House Committee on Veterans’ Affairs (D-CA) speaks alongside members of the Congressional Delegation who recently traveled to the Indo-Pacific Region at a press conference in the U.S. Capitol Building on August 10, 2022 in Washington,...
‘Taylor Swift is my nemesis’: Hotel prices soar due to pop star’s Europe tour
As Swift makes her way through major European cities this summer, lodging rates have jumped accordingly.
Binance Margin Introduces New USDC Trading Pairs
Alvin Lang Jul 09, 2024 08:20 Binance Margin expands its offerings by adding new USDC trading pairs on Cross and Isolated Margin, enhancing user experience and portfolio diversification. Binance, a leading...
Currency Speculators push British Pound bets to Record High :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday July 16th and shows a quick view of how large market...
IndusInd Bank Plans Rs 30,000 crores fund raise, ET BFSI
Private lender IndusInd Bank on Friday said that the board of directors of the bank had approved fund raise of more than Rs 30,000 crore bank. The lender has taken a board resolution for an equity fund raising of Rs 10,000 crores. The bank’s board also approved fund...
This hedge-fund icon has been investing for 60 years. Here’s his take on stocks now.
‘Probably by the end of this year or next year, the bear market will have resumed in the U.S.,’ Jim Rogers predicts.
Crowdstrike outage and global software’s single-point failure problem
The frequency of large-scale attacks on corporate enterprise IT is increasing. That's not unusual or unexpected as companies spend heavily on cyber defense in an asymmetric war against hackers who can string together a few lines of code and wreak havoc. But the...
How old is too old for CEOs — and presidents?
The private sector has term limits of a different sort: deliver or you’re gone
The CrowdStrike fail and next global IT meltdown already in the making
When computer screens went blue worldwide on Friday, flights were grounded, hotel check-ins became impossible, and freight deliveries were brought to a stand-still. Businesses resorted to paper and pen. And initial suspicions landed on some sort of cyberterrorist...
Speculator Bets led lower by Soybean Meal & Soybeans :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday July 16th and shows a quick view of how large traders...
Hong Kong Successfully Issues HK$25 Billion in Green Bonds
Alvin Lang Jul 18, 2024 11:20 The HKSAR Government has issued HK$25 billion in green bonds, attracting global investors with over HK$120 billion in orders. The Government of the Hong Kong Special Administrative...
Minor impact of outage on banks, BFSI News, ET BFSI
Mumbai: Ten banks and finance companies reported minor disruptions because of the Microsoft outage; however, most customer-facing banking operations were largely unaffected.According to the Reserve Bank of India (RBI), a large-scale outage in Microsoft services has...
‘Sell the S&P 500’ is looking smarter as tech stumbles and support levels crack
VIX volatility index holds clues about the market’s direction.
Speculator Bets led by Fed Funds & 2-Year Bonds :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday July 16th and shows a quick view of how large traders...
RBI chief, BFSI News, ET BFSI
Banks must be fair in conduct with consumers: RBI chiefMumbai: RBI Governor Shaktkanta Das on Friday said banks and NFCs must be fair in their conduct and practices with consumers as this fosters confidence and public trust in financial institutions which strengthens...
It’s hot — and getting hotter. Here’s what that means for the global economy.
Climate change is worse for worldwide output than previously thought, a new study says.
Claude 3.5 Sonnet Empowers Audio Data Analysis with Python
Terrill Dicki Jul 20, 2024 11:23 Learn to use Claude 3 models with audio data in Python, leveraging AssemblyAI's LeMUR framework for seamless integration. Claude 3.5 Sonnet, recently announced by Anthropic, sets...
Rich people know about this investing trick — it’s time retail investors do too
While many people favor high-yield savings accounts, investing in bonds instead may prevent a tax headache.
Australian Dollar, Gold & British Pound top Bullish Bets :: 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 16th.This weekly Extreme Positions report highlights the Most Bullish and Most Bearish...
IndusInd Bank Plans Rs 30,000 crores fund raise, BFSI News, ET BFSI
Private lender IndusInd Bank on Friday said that the board of directors of the bank had approved fund raise of more than Rs 30,000 crore bank. The lender has taken a board resolution for an equity fund raising of Rs 10,000 crores. The bank’s board also approved fund...
PrimeXBT: A Comprehensive Review of the Multi-Asset Trading Platform
News Publisher Jul 20, 2024 12:54 PrimeXBT is a 2018-founded platform offering trading services for cryptocurrencies, forex, commodities, and stock indices. It offers high leverage options, advanced charting tools, and copy trading...
Nearly a third of home sellers are cutting prices as housing supply balloons in these areas
Nearly a third of home sellers in Sun Belt cities are slashing their asking prices as the number of properties for sale in those markets surges.
IBM Research Advances in Physical Sciences: Exploring Materials and AI
Rongchai Wang Jul 20, 2024 13:09 IBM Research is delving into physical sciences to enhance material understanding, computational platforms, and AI algorithm interpretability. IBM Research is making significant...
Speculator Bets topped by Gold & Copper :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday July 16th and shows a quick view of how large traders...
Tesla earnings bring focus on self-driving, and a new appreciation for energy-storage business
Tesla Inc. nears its earnings day with the stock firmly in the black for the year but facing concerns about its robotaxi aspirations, EV demand, and Chief Executive Elon Musk’s deeper wading into politics and divisiveness.
CrowdStrike update that caused global outage likely skipped checks, experts say
A general view from Dusseldorf Airport as passengers gather and wait due to the global communications outage caused by CrowdStrike, which provides cyber security services to US technology company Microsoft, on July 19, 2024 in Dusseldorf, Germany. Hesham Elsherif |...
Standalone PAT grows 81% YoY to Rs 6,250 crore, beats Street’s estimates, ET BFSI
Kotak Mahindra Bank today reported a standalone net profit of Rs 6,250 crore for the quarter ended June 30, 2024, which was up by 81% over Rs 3,452 crore reported by the lender in the year ago period. The profit after tax (PAT) was above the Street's estimates of Rs...
Medicare Part D: How the latest changes in drug pricing will affect you
There are big changes coming for anyone on a Medicare Part D drug plan.
Uniswap (UNI) Labs Enhances Bug Bounty Program with Cantina Partnership
Peter Zhang Jul 20, 2024 12:47 Uniswap (UNI) Labs collaborates with Cantina to expand its bug bounty program, offering rewards up to $2.25M for critical vulnerabilities. Uniswap (UNI) Labs has announced a...
Standalone PAT grows 47% YoY to Rs 502 crore, net interest income jumps 12%, ET BFSI
Yes Bank on Saturday reported a standalone net profit of Rs 502.43 crore for the quarter ended June 30, 2024, which was up by 47% over Rs 342.52 crore reported by the lender in the year ago period. The interest earned in the reported quarter stood at Rs 7,719.15...
Older adults are drinking more. Could that pose a public-health risk?
The rise in alcohol consumption among older adults comes as drinking trends are holding steady or declining among other age groups.
Is this heavy-hitting American Express card worth the $695 fee? Yes, if you’re in this group.
The American Express Platinum card offers perks such as airport-lounge access and hundreds of dollars in travel credits. But some finance influencers have called it “overhyped.”
RBL Bank Q1 net profit grows 29 pc to Rs 372 cr, BFSI News, ET BFSI
Mumbai, Private sector lender RBL Bank on Saturday reported a 29 per cent jump in net profit to Rs 372 crore for the June quarter. The bank's core net interest income grew 20 per cent to 1,700 crore on the back of a 19 per cent rise in advances. Its net interest...
Binance to Support IoTeX (IOTX) Network Upgrade and Hard Fork
Lawrence Jengar Jul 20, 2024 11:54 Binance announces support for IoTeX (IOTX) network upgrade and hard fork, affecting deposits and withdrawals but not trading. Binance, one of the leading cryptocurrency...
Why Trump will need help from Saudi Arabia and Iran to help feed energy bulls
A win by Republication presidential nominee Donald Trump would be bullish for oil producers, but he’ll need help from Saudi Arabia and Iran to help offset the price impact from his push for higher output.
Standalone PAT grows 35% YoY to Rs 16,175 crore, falls 2%QoQ, ET BFSI
HDFC Bank today reported a standalone net profit of Rs 16,175 crore for the quarter ended June 30, 2024, which was up by 35% over Rs 11,952 crore reported by the lender in the year ago period. However, it was down by 2% sequentially versus Rs 16,512 crore reported in...
‘I’m slowly learning’: I’m in my 70s and suddenly widowed. My financial adviser wants me to invest 20% of my assets in annuities. Is that a good idea?
“I do need the additional monthly income and it would be good to have with my pension and Social Security.”
Standard Chartered, Animoca Brands, and HKT Collaborate in HKMA Stablecoin Issuer Sandbox
Rongchai Wang Jul 18, 2024 12:24 Standard Chartered, Animoca Brands, and HKT are joining forces in the HKMA’s stablecoin issuer sandbox to explore digital asset innovations. Standard Chartered Bank (Hong Kong)...
Binance Introduces Banana Gun (BANANA) on Multiple Platforms
Felix Pinkston Jul 20, 2024 10:54 Binance adds Banana Gun (BANANA) to Simple Earn, Buy Crypto, Convert, Margin, and Auto-Invest, expanding its offerings. Binance, the leading cryptocurrency exchange, has...
How a Trump presidency could ‘rock’ the EV market — and bring Tesla prices way down
Tesla and other electric-vehicle makers stand to face major price competition if Donald Trump wins the presidential election and opens the U.S. to cars produced by Chinese manufacturers.
CreditAccess Grameen net profit rises 15% YoY to Rs 398 crore, ET BFSI
Microfinance lender CreditAccess Grameen on Friday reported a 15% year-on-year rise in net profit at Rs 398 crore for the first quarter of the fiscal, backed by robust business expansion while the lender's asset quality slipped.The net profit was Rs 346 crore in the...
How to decide between Treasury, corporate and municipal bonds
A guide to the tax implications of owning Treasury, corporate and municipal bonds.
Fiscal consolidation with welfare measures, budget may see a mild increase in Capex: Emkay, ET BFSI
New Delhi [India], July 20 (ANI): The upcoming Budget will still set the stage for policy choices ahead, and will be watched for pace of fiscal consolidation and policy priorities on capex and non-capex spend says Emkay Union Budget preview.The fiscal buffer from the...
Want a refund for your delayed or cancelled flight after the CrowdStrike outage? You can get it — here’s the trick.
Airline passengers faced the choice of waiting hours for their delayed flight, rebooking or just canceling their trip after a cybersecurity platform’s software update snarled computer systems and toppled travel plans.
Marathon Digital Holdings (MARA) Schedules Q2 2024 Financial Results Call
Lawrence Jengar Jul 18, 2024 13:13 Marathon Digital Holdings (MARA) will host a webcast and conference call on August 1, 2024, to discuss its Q2 financial results. Shareholders can submit questions in advance. ...
Karnataka CM Siddaramaiah, ET BFSI
BENGALURU: Chief minister Siddaramaiah sought to blunt accusations from opposition BJP and JD(S) over financial irregularities in Karnataka Maharshi Valmiki ST Development Corporation, asserting that while funds were indeed misappropriated, it happened without his...
Weekly Economic & Financial Commentary: A String of Upside Surprises, but Growth is Slowing in the U.S.
Summary United States: A String of Upside Surprises, but Growth is Slowing in the U.S. Retail sales, housing starts and industrial production all surprised to the upside this week. Yet, an uptick in initial jobless claims was a reminder that conditions in the labor...
Why bonds are important and how to invest in them
There has been quite a buzz about investing in bonds among younger investors who may previously have found them boring or appropriate only for retired people seeking income.
The Weekly Bottom Line: Nearing the Pivot Point
U.S. Highlights After an eerily calm few months, a fresh dose of volatility descended across global financial markets this week. Top Fed officials speaking this week noted that they are getting ‘closer’ to cutting interest rates. Financial markets have fully priced...
Angel Tax drains funds, distorts market valuations, say VCs, BFSI News, ET BFSI
In 2023, investments in Indian start-ups witnessed a decline of nearly 70%, with seed stage funding plummeting by 60% as of December 2023, according to a Tracxn report. While of course various factors and circumstances contributed to this downturn, the startup...
Sebi enables ESG rating providers to undertake activities under IFSCA, ET BFSI
Capital markets regulator Sebi on Friday allowed credit rating agencies and ESG rating providers to undertake their activities under the International Financial Services Centres Authority (IFSCA). IFSCA has been added to the list of financial sector regulators to...
Here’s how stocks performed the last time a president ended a re-election bid — in 1968
S&P 500 rose after LBJ’s surprise announcement, but the market is already pricing in Biden’s withdrawal.
ElevenLabs Unveils Turbo v2.5: Enhanced Text-to-Speech in 32 Languages
Zach Anderson Jul 20, 2024 02:23 ElevenLabs launches Turbo v2.5, offering low-latency text-to-speech in 32 languages, including new support for Vietnamese, Hungarian, and Norwegian. ElevenLabs, a leading...
VP Kamala Harris and Democratic donors discuss ‘urgent, emerging needs’ in the race, with Biden campaign in crisis
Vice President Kamala Harris joined a call with major Democratic donors Friday afternoon to discuss what the hosts called "urgent, emerging needs." The call came as more Democratic lawmakers publicly call on President Joe Biden to drop his bid for reelection.A Biden...
Weekly Market Outlook: US PCE, GDP, and Earnings Expected to Drive Volatility
This week, markets were influenced by trade war fears, US political developments, and a global cyber outage. In Asia, the Japanese yen weakened, and Chinese authorities remained silent on economic goals despite weak data. Next week, US PCE and GDP data, along with...
I put $6,000 on my credit card after a house renovation and face a Social Security overpayment. Do I use my emergency savings to pay it off?
“I have $14,000 in an emergency fund, but I have earmarked $6,000 for a Social Security overpayment, for which I’ve submitted an appeal.”
Infomerics, BFSI News, ET BFSI
Non-bank financial companies have increased their share in total credit to more than one-fourth now from a share of only one-sixth a decade ago, Infomerics rating agency has said.As per an analysis done by the rating agency, between September 2022 and September 2023,...
RBI Guv Das, ET BFSI
Governor Shaktikanta Das on Friday said the Reserve Bank does not have any plan to allow business houses to promote banks at present. Allowing corporate houses to promote banks exposes one to conflict of interest risks and related-party transactions, Das said,...
Revex has a higher multiplier effect than tax cuts, Capex should grow moderately, say Economists, ET BFSI
To foster a runway of growth spanning 10-15 years, private players await a resurgence in consumer spendingEconomists across the board emphasise the necessity of fiscal discipline without stifling growth.From leveraging RBI dividends to boosting capex while ensuring...
Bitcoin jumps thanks to Trump, as investors weigh Democratic ticket change
Bitcoin’s price jumped on Friday as crypto investors continued to be buoyed by Republican presidential front-runner Donald Trump’s embrace of digital assets and digested reports that President Joe Biden could drop out of the White House race.
Elliott has Starbucks stake, in talks with management: WSJ
A Starbucks coffee shop in Amsterdam.Nicolas Economou | Nurphoto | Getty ImagesElliott Management has taken a significant stake in coffee chain Starbucks and is engaging with management to find ways to improve the company's share price, the Wall Street Journal...
Top UN court says Israel’s occupation of Palestinian territories is illegal
Judges at the International Court of Justice (ICJ) rule on emergency measures against Israel following accusations by South Africa that the Israeli military operation in Gaza is a state-led genocide, in The Hague, Netherlands, January 26, 2024. Piroschka Van De Wouw |...
Summary 7/22 – 7/26
Monday, Jul 22, 2024 Tuesday, Jul 23, 2024 Wednesday, Jul 24, 2024 Thursday, Jul 25, 2024 Friday, Jul 26, 2024 The post Summary 7/22 – 7/26 appeared first on Action Forex.
NVIDIA’s Supercomputers Propel Quantum Computing Breakthrough
James Ding Jul 20, 2024 04:04 NVIDIA's GPUs play a crucial role in groundbreaking quantum computing research, focusing on quantum annealing and optimization problems. Groundbreaking research underscores NVIDIA’s...
Ripple (XRP) Advances Financial Infrastructure with Blockchain and Digital Assets
Alvin Lang Jul 20, 2024 04:46 Ripple (XRP) aims to revolutionize financial services using blockchain and digital assets, focusing on institutional DeFi, cross-border payments, and stablecoins. Ripple (XRP), a...
GBP/USD: Cable Dips Further After Downbeat UK Retail Sales
Cable remains in red for the second consecutive day and extends pullback from new one-year high (1.3044). Weaker than expected UK retail sales increase pressure on sterling and add to bets for BoE rate cut in August (currently at 44%). Fresh bears broke below the...
NVIDIA Introduces Self-Paced AI and Data Science Career Development Courses
Lawrence Jengar Jul 19, 2024 17:09 NVIDIA launches self-paced courses for career development in AI and data science, providing essential training and industry insights. NVIDIA has announced a new initiative to...
Blackstone steps up real-estate investments — but challenges remain in office sector
Blackstone more than doubled its real-estate investment activity to $10 billion in the second quarter, as the private-equity firm continues to see a bottoming out in the broader commercial real-estate sector.
US Dollar Index Outlook: Risk Aversion Lifts the Dollar
The dollar index extends recovery into second straight day, with strong bounce from new four-month low (103.31) on Thursday, being fueled by fresh risk aversion on global cyber outage, which hit financial centers, banks, airlines and many others, prompting investors...
Finalto sets ODP Liquidity strategic partnership with Trive in South Africa
Finalto South Africa has announced a new strategic partnership with Trive South Africa. This collaboration marks a significant milestone in Finalto’s expansion within the African continent as it continues to fulfill commitments to develop meaningful and value-driven...
Comerica cuts net interest income view and flags loss of a government contract
Comerica Inc.’s stock fell 12% on Friday after the bank cut its outlook on net interest income and said it doesn’t expect to continue as financial agent for the U.S. Treasury Direct Express Prepaid Debit Card program.
EUR/USD Experiences Sharp Decline: Risk Appetite Heightens
The EUR/USD pair fell sharply to 1.0888, with investors speculating on the future of US interest rates and the potential implications of the upcoming presidential election, particularly as Donald Trump’s chances appear to be improving. These factors contribute to a...
eToro says registration and phone verification issues resolved
Online broker eToro has informed its clients that the issues with registration and phone verification reported earlier today have been resolved. At 08:05 UTC today, eToro said the broker was experiencing service degradation on Registration and Phone verification on...
RMD rules for inherited accounts are here. You may have less time to act than you thought.
The IRS issued final regulations for inherited retirement accounts that are set to begin in 2025.
Sui Blockchain Sees Rapid Growth in Move Developer Community
Luisa Crawford Jul 19, 2024 18:10 Electric Capital's latest report highlights Sui's rapid growth in the Move developer community, showcasing significant increases in developer activity and engagement. The latest...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0879; (P) 1.0911; (R1) 1.0928; More…. EUR/USD is still holding above 1.0871 support and intraday bias stays neutral. Further remains mildly in favor. Break of 1.0947 will resume the rise from 1.0601 and target target 100% projection of 1.0601 to...
Trump says mortgage rates have quadrupled since Biden took office. Is he right?
Housing prices have hit an all-time high, and both Biden and Trump say they plan to address the issue.
Italian regulator orders blocking of five new unauthorized investment websites
Italy’s Companies and Exchange Commission (CONSOB) has issued orders for the blocking of five unauthorised investment websites. In issuing the orders, the Authority availed itself of the powers deriving from the “Decreto crescita” (“Growth Decree”; Law no. 58 of 28...
India’s ICICI Lombard posts Q1 profit jump on motor, health insurance boost, ET BFSI
BENGALURU - India's ICICI Lombard General Insurance reported a nearly 49% jump in first-quarter profit on Friday, helped by an increase in premiums in its motor and health insurance segments.Profit after tax rose to 5.80 billion rupees ($69.4 million) for the quarter...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2915; (P) 1.2968; (R1) 1.2997; More… Intraday bias in GBP/USD remains neutral at this point. Pullback from 1.3043 could extend lower but downside should be contained by 1.2859 resistance turned support to bring another rally. Above 1.3043 will...
Oil heads for back-to-back weekly declines as demand worries weigh on crude
Oil futures declined on Friday, with worries about the demand outlook from of China putting a damper on crude this week, while supply concerns have helped limit downside.
Binance Expands Offerings with Gravity (G) on Multiple Platforms
Peter Zhang Jul 19, 2024 17:30 Binance has announced the inclusion of Gravity (G) across several services, including Binance Earn, Buy Crypto, Convert, and Margin, starting July 19, 2024. Binance, one of the...
CrowdStrike outage thrusts Paris Olympics partner into the spotlight
The massive CrowdStrike Holdings outage, which may be world’s largest ever, has underlined the critical importance of one of the lesser-known partners of the Paris Olympic Games, according to branding expert Jim Andrews.
Sunset Market Commentary – Action Forex
Markets One of the biggest-ever IT outages sparked volatility at the start of European trading but without lasting impact on general markets. A security update by CrowdStrike caused a global problem with Microsoft’s Windows. UK retail sales also printed at the onset...
Hargreaves Lansdown continues offer discussions with CVC, Nordic Capital and Platinum Ivy
Hargreaves Lansdown plc (LON:HL) today provided an update regarding a revised proposal from a consortium comprising CVC Advisers Limited, Nordic Capital XI Delta, SCSP, and Platinum Ivy B 2018 RSC Limited. In June, the Consortium proposed to acquire Hargreaves...
Injective (INJ) Unveils New Staking ETP in Collaboration with 21Shares
Luisa Crawford Jul 18, 2024 14:22 Injective (INJ)collaborates with 21Shares to launch AINJ, a new staking ETP offering INJ exposure and staking rewards via traditional finance venues. Injective, a prominent...
CrowdStrike outage affects Schwab, E*Trade and other brokerages — preventing people from trading
Friday’s IT outage was particularly felt in the brokerage industry, where any technical issue preventing people from trading can lead to money being lost.
AUD/USD: On Track for Biggest Weekly Drop Since Mid-April
Australian dollar continues to trend lower vs its US counterpart for the fifth consecutive day, on track for the biggest weekly loss since the second week of April. Bears have so far retraced 50% of 0.6575/0.6798 upleg and look for daily close below daily Kijun-sen...
Essential Questions for Ensuring Speech-to-Text Data Security
Luisa Crawford Jul 18, 2024 15:53 Explore critical questions to ask about data security when choosing a Speech-to-Text API, ensuring confidentiality, integrity, and availability of data. As the adoption of...
HDFC Bank to grow deposits aggressively, slowdown loan growth, ET BFSI
India’s largest private sector lender HDFC Bank on Thursday said that going forward its advances will grow slower than its deposits, as it adjusts to its merger with parent HDFC limited. In his annual address to shareholders, managing director Sashidhar Jagdishan said...
Want to Learn How to “Read” a Price Chart? Start Here. :: InvestMacro
See how Elliott wave patterns “subsume” other technical analysis chart patterns By Elliott Wave InternationalSome investors who are fans of technical analysis may not realize that another way to look at many classic chart patterns — for example, Head and Shoulders —...
Mortgage rates fall to the lowest level in four months, while refinances jump 15%
Mortgage applications rose 3.9% in the last week, the Mortgage Bankers Association said.
Flights grounded, passengers to see delays amid global IT outage
Crowds are seen building up at Suvarnabhumi Airport as a global IT disruption caused by a Microsoft outage and a Crowdstrike IT problem combine to affect users on July 19, 2024 in Bangkok, Thailand. Mailee Osten-tan | Getty Images News | Getty ImagesSeveral airlines...
Gold: Reversal or Typical Retreat?
Gold made an impressive 3% surge during the week, breaking May’s all-time highs. However, it then retreated to the downside, selling off throughout the second half of the week. What should you watch out for to see if this is a reversal? Pullbacks after making new...
More Democrats call for new nominee
U.S. President Joe Biden arrives to deliver remarks on the assassination attempt on Republican presidential candidate former President Donald Trump, at the White House on July 14, 2024 in Washington, DC.Kevin Dietsch | Getty ImagesSix more congressional Democrats,...
Are banks, NBFCs affected due to Microsoft outage? RBI clarifies, ET BFSI
Are banks, NBFCs affected due to Microsoft outage? RBI clarifies Amid the major technical glitch at the US tech giant Microsoft and American cyber security company Crowdstrike disrupting slew of services across the globe, the Reserve Bank of India (RBI) releases...
CrowdStrike CEO George Kurtz is taking a $32 million personal hit from stock’s drop
The global computer outage caused by CrowdStrike is getting personal for Chief Executive George Kurtz, as it’s costing him a lot of money.
CySEC announces €70k settlement with Argus Stockbrokers
The Cyprus Securities and Exchange Commission (CySEC) today announced a €70,000 settlement with Cyprus investment firm (CIF) Argus Stockbrokers Ltd. CySEC, under article 37(4) of the Cyprus Securities and Exchange Commission Law of 2009, may reach a settlement...
RBI assessment shows 10 banks, NBFCs experienced ‘minor’ disruptions, ET BFSI
In the wake of a widespread outage in Microsoft Services, the Reserve Bank of India (RBI) on Friday said that it has conducted a thorough assessment to estimate the impact of this outage on its regulated entities, particularly within the Indian financial sector. The...
Together AI Unveils Inference Engine 2.0 with Turbo and Lite Endpoints
Terrill Dicki Jul 18, 2024 18:41 Together AI launches Inference Engine 2.0, offering Turbo and Lite endpoints for enhanced performance, quality, and cost-efficiency. Together AI has announced the release of its...
Another Cut from BoC Will Bring Benchmark Interest Rate to 4.5%
Softer inflation in Canada in June provided a small relief after an upside surprise in May, and set the Bank of Canada up for another 25-basis point interest rate cut on Wednesday to build on its first cut in June. Similar to the June meeting, we think the central...
Hospitals, 911 systems scramble to respond to CrowdStrike issues
Hospitals and 911 systems were racing Friday to respond to outages linked to a CrowdStrike cybersecurity platform issue.
Xiaomi launches first flip phone at just over $800, with a $70 portable printer
Chinese smartphone company Xiaomi on Friday launched its first flip phone alongside an upgraded version of its foldable.Evelyn ChengBEIJING — Xiaomi on Friday launched its first flip phone with the ability to print pictures instantly using a separately sold portable...
Biden won’t drop out, campaign insists in new memo
U.S. President Joe Biden looks on at the 115th NAACP National Convention in Las Vegas, Nevada, U.S., July 16, 2024. Tom Brenner | ReutersPresident Joe Biden's campaign insisted Friday that he will remain at the top of the Democratic ticket, insisting in a new memo...
Bank of India raises Rs 5,000 crore via infra bonds, BFSI News, ET BFSI
Bank of India has raised ₹5,000 crore through the issuance of infrastructure bonds, with the state-owned lender receiving bids far in excess of the notified amount for the debt sale.On Thursday, Bank of India sold 10-year infrastructure bonds for a total of ₹5,000...
RBI asks banks and payment cos to submit status update on Microsoft outage, ET BFSI
The Reserve Bank of India has enquired with banks whether their customer-facing channels- branches, ATM, mobile banking and net banking - were operating well after technical problem at the US tech giant Microsoft and its vendor American cyber security company...
Risk Appetite Heightens :: InvestMacro
By RoboForex Analytical DepartmentThe EUR/USD pair fell sharply to 1.0888, with investors speculating on the future of US interest rates and the potential implications of the upcoming presidential election, particularly as Donald Trump’s chances appear to be...
Week Ahead – Flash PMIs, US GDP and BoC Decision on Tap
US data awaited amid overly dovish Fed rate cut bets July PMIs to reveal how economies entered H2 BoC decides on monetary policy, may cut rates again Will investors add to their Fed rate cut bets? With investors ramping up their Fed rate cut bets, the US dollar...
Bud Light sales extend their drop but Michelob Ultra takes up some slack: report
Anheuser-Busch InBev’s former No. 1 beer Bud Light has continued losing market share to Modelo from Constellation Brands Inc. and Coors Light from Molson Coors Beverage Co., but has made up some ground with Michelob Extra and Busch Light, the Wall Street Journal...
Optimizing IVF-PQ Performance with RAPIDS cuVS: Key Tuning Techniques
Tony Kim Jul 18, 2024 19:39 Learn how to optimize the IVF-PQ algorithm for vector search performance using RAPIDS cuVS, with practical tips on tuning hyper-parameters and improving recall. In the first part of...
These 4 banks special FDs will end on September 30, ET BFSI
Many big banks including SBI, IDBI Bank, Indian Bank and Punjab & Sindh are offering limited period special fixed deposit with higher interest rates. However, they come with deadline. Investors should make sure to invest before the deadline. Here is a look at...
How Robinhood lost $2 million to scam artists with names like ‘Ghost’ and ‘Payday’
A group of Long Island men pleaded guilty to using an elaborate “free-riding” scheme to manipulate prices of illiquid stocks using money they stole from the trading platform.
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8839; (P) 0.8859; (R1) 0.8898; More… Intraday bias in USD/CHF remains neutral for consolidations above 0.8819 temporary low. But further decline is expected as long as 0.9049 resistance holds. Break of 0.8819 will resume the fall from 0.9223 to...
Cypriot regulator warns against 11 unauthorised investment firms
The Cyprus Securities and Exchange Commission (CySEC) today issued a warning against a number of firms that provide investment services without having the necessary license. The warning list includes the following entities: fundednowprop.com fiat-global.com &...
Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’
Jul 19, 2024 14:15 UTC | Updated: Jul 19, 2024 at 14:15 UTC By Clark Major price action experts have recently ramped up their analysis for the next most profitable tokens. ETFSwap (ETFS), Ripple (XRP), and Tron (TRX) have emerged at the top of...
NVIDIA Delves into RAPIDS cuVS IVF-PQ for Accelerated Vector Search
Zach Anderson Jul 18, 2024 20:12 NVIDIA explores the RAPIDS cuVS IVF-PQ algorithm, enhancing vector search performance through compression and GPU acceleration. In a detailed blog post, NVIDIA has provided...
Student-loan payments paused for millions after court blocks Biden debt-relief plan
Millions of student-loan borrowers will have their payments paused and interest put on hold amid legal wrangling over a signature Biden student-debt initiative.
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 155.29; (P) 156.95; (R1) 157.84; More… Intraday bias in USD/JPY remains neutral at this point. Deeper decline is still expected as long as 158.85 resistance holds. Below 155.36 will extend the fall from 161.94, as a correction to rally from 140.25,...
Fired Citigroup banker says COO intended to deceive regulator on bank’s metrics, ET BFSI
NEW YORK, - A former Citigroup managing director who said she was fired because she refused to mislead a federal regulator about the bank's risk management accused Citigroup's chief operating officer of intentional deception, according to an amended lawsuit filed late...
OpenAI Introduces New Compliance and Administrative Tools for ChatGPT Enterprise
Joerg Hiller Jul 18, 2024 20:46 OpenAI launches compliance API integrations, SCIM, and GPT controls to enhance data security and user access for ChatGPT Enterprise. OpenAI has announced the release of new...
Natural gas prices bounced off the lows. Malaysia’s GDP is well ahead of estimates :: InvestMacro
By JustMarketsThe Dow Jones Index (US30) fell by 1.29% yesterday, while the S&P 500 Index (US500) went down 0.78%. The NASDAQ Technology Index (US100) closed negative 0.70%. Stocks initially opened higher on Thursday, with the Dow Jones Industrials Index (US30)...
We’re retired and in our early 60s. We want to buy a $900,000 house. Would it make sense to take out a bridge loan?
“We would like to buy a house before we sell our current home.”
Dollar Gains on Risk Aversion Amid Quiet Trading
Risk aversion continues to support Dollar in relatively quiet trading today. Both Sterling and Canadian Dollar weakened mildly after worse-than-expected retail sales data. Euro shrugged off dovish comments from some ECB officials. Meanwhile, Yen softened slightly...
Netflix is doing the impossible, and that could be bad news for bears
One analyst doesn’t see a “realistic bear-case for Netflix in the foreseeable future” given Netflix’s recent subscriber performance and fundamental strength.
HDFC Bank CSR spend crosses Rs 945 cr in FY24, BFSI News, ET BFSI
New Delhi, Private sector HDFC Bank has reported a corporate social responsibility (CSR) spend of Rs 945.31 crore for the financial year 2023-24, an increase of nearly Rs 125 crore from the previous year. The bank's CSR programme, Parivartan, has been active for over...
Bank of England says no impact on its systems from IT outage
The Bank of England has issued a statement amid problems caused by a global IT outage. The issue has affected the work of finance companies, airlines, payment systems. The London Stock Exchange did not publish RNS announcements for several hours because of the IT...
Vietnam Communist Party chief Trong dies at 80, state media says
Vietnamese Communist Party General Secretary Nguyen Phu Trong looks on as he is received by Russian President Vladimir Putin during talks with on September 6, 2018 in Sochi, Russia. Mikhail Svetlov | Getty Images News | Getty ImagesVietnam's Communist Party chief...
Canada retail sales falls -0.8% mom in May, down further -0.3% mom in Jun
Canada’s retail sales fell -0.8% mom to CAD 66.1B in May, worse than expectation of -0.5% mom. Sales were down in eight of nine subsectors, led by decreases at food and beverage retailers. Core retail sales—which exclude gasoline stations and fuel vendors and motor...
OpenAI Introduces GPT-4o Mini: A Breakthrough in Cost-Efficient AI
Rebeca Moen Jul 18, 2024 21:20 OpenAI has launched the GPT-4o Mini, the most cost-efficient small AI model available today, promising advanced capabilities at reduced costs. OpenAI has announced the release of...
Travelers’ stock rallies after big profit beat, even as catastrophe losses rise
Travelers’s stock was set to resume their rally in early trading Friday after the insurer beat second-quarter profit expectations by a wide margin, even as revenue missed and catastrophe losses increased.
What is CrowdStrike (CRWD), and how did it cause global IT outages?
George Kurtz, co-founder and CEO of CrowdStrike Inc., speaks during the Montgomery Summit in Santa Monica, California.Patrick T. Fallon | Bloomberg | Getty ImagesA fault with an update issued by cybersecurity company CrowdStrike led to a cascade effect among global IT...
Michelle Mack, retail crime ‘queenpin,’ faces prison, restitution
Michelle Mack is taken into custody, Dec. 6, 2023.CNBCThe ringleader of a nationwide organized retail crime operation that targeted Ulta Beauty and other major retailers is facing more than five years in a California state prison.Michelle Mack, of Bonsall, California,...
Financial assets of Indian households rose 3% CQGR during 2011-23; liabilities rose 3.3%, ET BFSI
As of March 2023, total household financial assets are estimated at Rs 363.8 lakh crore, equivalent to 135.0 percent of the gross domestic product (GDP).In contrast, the outstanding liabilities amounted to Rs 101.8 lakh crore, accounting for 37.8 percent of GDP. The...
USD/JPY Outlook: Bear-Trap Underpins But Recovery Still Faces Headwinds
USDJPY remains constructive on Friday and attempts to further extend Thursday’s strong bounce, with recovery being supported by signals of a double bear-trap, following a false break below pivotal Fibo support at 156.04 and thin daily cloud (spanned between 155.83 and...
Hawaiian Electric stock rallies on report of Maui wildfire settlement
Shares rise nearly 37% on report of $4 billion settlement.
Alphabet to kick-start Big Tech earnings :: InvestMacro
Alphabet ↑ 27% year-to-datePay close attention to updates on AI innovationsTechnical levels = $183, $177 & $170 (Alphabet) Tesla earnings also in focus, stocks ↑ 26% MTDThe week ahead is packed with high-impact data releases and a slew of corporate earnings from...
Hunter Biden cites Trump ruling in seeking tax, gun cases dismissal
Lawyers for Hunter Biden on Thursday asked federal judges in California and Delaware to dismiss the criminal tax and gun cases against him in their courts, citing a recent opinion by Supreme Court Justice Clarence Thomas and the related dismissal this week of the...
UneeQ Leverages AI-Powered Digital Humans for Enhanced Customer Engagement
Felix Pinkston Jul 19, 2024 02:12 UneeQ is transforming customer interactions using AI-powered digital humans, enhancing realism and engagement with NVIDIA ACE technology. UneeQ, a leading platform in the...
Silver Sinks Below 30 – Action Forex
Silver erases June’s gains; eyes on 28.50 Technical signals favor the bears Silver’s performance took a hit, marking its worst week in 2024 as the US dollar switched to recovery mode and investors questioned China’s economic outlook. As a result, the metal swiftly...
What are the most profitable stocks of all time? The answer might surprise you.
There is an old saying about investing: time in the market trumps timing the market.
Industry leaders expect further reinforcement of vision unveiled in interim budget, ET BFSI
While technology continues to drive India’s socio-economic progress, the key lies in building the nation into the knowledge capital of the world through enhanced R&D and innovation efforts.Ahead of the national election earlier this year, the Union government...
RBI Guv Das, ET BFSI
">"Credit growth should not run ahead of deposit growth by miles," noted RBI Governor Shaktikanta DasReserve Bank of India (RBI) Governor Shaktikanta Das on Friday said that the rise in share of the retail portfolio within overall bank credit is a recent...
IC Markets (EU) Ltd receives €200K CySEC fine re initial margin protection
Cypriot financial regulator Cyprus Securities and Exchange Commission (CySEC) has announced that at its meeting held on the 1st of July 2024, it decided to impose an administrative fine of €200,000 to the CIF IC Markets (EU) Ltd. The fine was for non-compliance with...
Halliburton’s stock falls 2% after revenue falls short of estimates
Halliburton Co.’s stock fell 2% early Friday, after the oil services provider posted second-quarter earnings showing profit matching consensus but revenue falling short.
Democratic donors push Biden to drop out, as Kamala Harris events fill up
U.S. President Joe Biden and Vice President Kamala Harris stand on stage together after delivering remarks at the DNC 2023 Winter Meeting in Philadelphia, Pennsylvania, U.S., February 3, 2023.Elizabeth Frantz | ReutersOn a Tuesday in early July, 75 wealthy Democratic...
Canadian Dollar Eyes Retail Sales Ahead of Rate Meeting
The Canadian dollar is calm on Friday. In the European session, USD/CAD is trading at 1.3717, up 0.08% on the day at the time of writing. We could see stronger movement in the North American session, with the release of Canadian retail sales. Will retail sales suffer...
Significant uptick in mainboard IPOs in FY24, $97 bln raised by Indian financial services companies: Report, ET BFSI
FY24 marked a significant uptick in mainboard IPOs, with 76 listings— the highest since FY17. This surge reflects a notable 111 per cent increase from the 36 listings in FY23 and a substantial 62 per cent rise from the 47 listings in FY22, revealed a latest report by...
Binance Futures Launches Mock Copy Trading Competition with 30,000 USDT in Rewards
James Ding Jul 19, 2024 02:38 Binance Futures announces a Mock Copy Trading competition, offering 30,000 USDT in rewards. Participants can join from July 19 to August 1, 2024. Binance Futures has announced the...
New Hero Akane Joins The Walking Dead: Empires in Latest Hero Card Sale
Tony Kim Jul 19, 2024 03:01 Gala Games introduces Akane, a new hero in The Walking Dead: Empires. The hero card sale begins July 19th, offering various tiers and rarities. The world of The Walking Dead: Empires...
I’m 42, married with kids and live overseas. I don’t have a 401(k) and I don’t expect Social Security. What can I do?
“My employer typically gives housing, insurance, and schooling.”
Euronext Corporate Services appoints Julien Tessier as its CEO
Euronext Corporate Services has announced the appointment of Julien Tessier as its new CEO. This marks a significant milestone for Euronext Corporate Services. Julien Tessier Euronext Corporate Services is a dynamic and integral subsidiary of Euronext, offering a...
ECB’s Villeroy: Market rate cut expectations “rather reasonable”
ECB Governing Council member Francois Villeroy de Galhau spoke on French radio BFM Business today, expressing that current market expectations for interest rate cuts seem “rather reasonable.” Markets are currently pricing in nearly two ECB rate cuts for the remainder...
What happens next if Biden drops out of the presidential race
US President Joe Biden steps off Air Force One as he arrives at Hagerstown Regional Airport in Hagerstown, Maryland, June 20, 2024, on his way to Camp David.Samuel Corum | AFP | Getty ImagesPresident Joe Biden is under siege from within his own party, as more...
Share of low-cost CASA deposits bottoms out, says RBI Bulletin, ET BFSI
The share of low-cost current and saving deposits has largely bottomed out in the 39-40% range in a steady decline from about 44% in 2021-22."This is likely to squeeze banks’ net margins going forward and prompt repricing of deposit books. In fact, banks have been...
Former Trump adviser Sebastian Gorka is selling this doomsday-prepper cabin on 33 acres in the West Virginia woods
There’s a backup generator, a hand pump for the well, and an outdoor stove, plus just acres and acres of woods, wild animals, and birds.
Jio Financial Services makes steady progress in Q1 FY25, BFSI News, ET BFSI
Jio Financial Services Limited (JFSL) has released its financial and operational update for the first quarter of FY25, showcasing steady growth and strategic advancements across its business segments.The company's net interest income (NII) saw a significant decline of...
ECB Not Confident that September Will Bring the Second Rate Ccut
TSM announced better-than-expected quarterly results and lifted its growth projections for this year’s revenue. Good news helped limiting the previous day selloff in chip stocks yesterday but couldn’t prevent the S&P500 and Nasdaq 100 from closing Thursday’s...
Clearstream says all services fully operational despite global IT issue
Clearstream has just issued a brief notice regarding the worldwide IT issue, claiming that its systems are fully operational. The statement by Clearstream can be read below: “Information on worldwide IT issue Clearstream is aware about the global IT issue. We can...
Cronos (CRO) Announces $30,000 zkCRO Giveaway for Early Supporters
Zach Anderson Jul 19, 2024 03:23 Cronos (CRO) launches a $30,000 zkCRO giveaway for early supporters depositing CRO or LCRO tokens in the Cronos zkEVM bridge before the mainnet launch. Cronos (CRO) has unveiled...
Economic growth through tax reforms, FDI liberalization, regularity clarity, ET BFSI
By addressing key concerns such as tax reform, FDI liberalization, sector-specific incentives, regulatory clarity, and ESOP simplifications, the budget has the potential to unlock new growth opportunities and propel India towards sustainable economic development in...
CrowdStrike stock could see its worst day ever after worldwide outages
CrowdStrike Holdings may be looking at worst single-day stock-market performance ever, after a computer outage worldwide was pinned on the cybersecurity company.
Nvidia rebounds after TSMC says AI chip demand remains strong
Nvidia CEO Jensen Huang delivers a keynote address during the Nvidia GTC Conference at the SAP Center in San Jose, California, on March 18, 2024.Justin Sullivan | Getty ImagesNvidia shares rose about 3% during trading on Thursday, rebounding one day after the stock...
Deposits still most preferred instrument of saving: RBI article, ET BFSI
Mumbai: Deposits are still the most preferred instrument of saving in India although market-based instruments are gaining share, said an article published in the Reserve Bank's July Bulletin. The article provides estimates of quarterly financial balance sheet of...
Trump to speak at RNC amid Biden election questions
Donald Trump reportedly does not plan to mention President Joe Biden by name during his speech accepting the presidential nomination at the Republican National Convention in Milwaukee.Trump's planned avoidance of referring to the Democratic incumbent by name, which...
GBPJPY Retraces Lower After Hitting 16-year High
GBPJPY pulls back from its highest level since August 2008 RSI and MACD ease but remain in positive territories 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 been undergoing a pullback since...
Bank union AIBOC pitches for expanding financial inclusion, meeting credit needs of small borrowers, ET BFSI
New Delhi, Bank officers' union AIBOC on Thursday underscored the need for expanding financial inclusion and focus on meeting credit needs of small borrowers. There are reports of farmers' suicides from different parts of the country, a fallout of exorbitant interest...
What’s interoperability in Web3? – 101 Blockchains
The internet has been moving towards a new era in which users would have more control over their digital experiences. Web3, the new generation of internet, leverages blockchain technology to create a user-centric and decentralized web. Interoperability is one of the...
Citi advises investors to ‘election proof’ their portfolios — here’s how
Strategists at Citi say it’s time to election-proof portfolios, and that mostly means shedding overseas stocks, while loading up on banks.
Trump Bitcoin Conference fundraiser tickets top out at $844,600 for Nashville soiree
Former U.S. President and Republican presidential candidate Donald Trump attends a campaign event in Philadelphia, Pennsylvania, U.S., June 22, 2024. Shannon Stapleton | ReutersFormer President Donald Trump will headline a campaign fundraiser in Nashville on the...
LSE confirms tech issue with news publication
The London Stock Exchange has confirmed a tech issue affecting the publication of news announcements. Only a handful of RNS announcements were published this morning at 7:00 am (London time). LSE bothered to post a notice about the problems some 40 minutes later....
RBI extends submission deadline for third global hackathon, HaRBInger 2024, ET BFSI
Originally set to close on July 19, 2024, the deadline has now been extended to July 31, 2024.The Reserve Bank of India (RBI) has announced an extension of the submission deadline for its third global hackathon, HaRBInger 2024. Originally set to close on July 19,...
USDCAD Advances Within Trading Range
USDCAD bounces off 1.3600 and 200-day SMA Momentum oscillators suggest more gains USDCAD has been still developing within a trading range of 1.3600 and 1.3790 since April 17, with strong support at the 200-day simple moving average (SMA). The recent rebound from...
Why Netflix and YouTube are miles ahead in streaming
Netflix Inc. wants Wall Street to think of it and YouTube as the top two streaming players, putting all the other streaming services in the category of also-rans.
Microsoft, CrowdStrike shares fall after major IT outage
CrowdStrike makes software to help firms manage their security in IT environments.Sopa Images | Lightrocket | Getty ImagesCybersecurity firm CrowdStrike saw its shares plunge Friday, after an update led to a major outage, impacting businesses across the world.Shares...
Binance Announces Ethereum Carnival with 30,000 USDT Prize Pool
Felix Pinkston Jul 19, 2024 03:54 Binance introduces a new promotion offering up to 30,000 USDT in token vouchers for trading Ethereum ecosystem tokens and futures. Binance has announced a new promotional event...
WGC asks Finmin, RBI to draft guidelines, BFSI News, ET BFSI
Kolkata: World Gold Council (WGC) has made presentations to the Union finance ministry and Reserve Bank of India to come out with appropriate guidelines and regulatory framework for digital gold business in India. The council has asked the authorities to introduce...
Spotlight on Harris while Biden faces pressure to drop out
U.S. Vice President Kamala Harris campaigns at Westover High School in Fayetteville, North Carolina, U.S., July 18, 2024. Kevin Mohatt | ReutersVice President Kamala Harris touted the nation's domestic manufacturing resurgence under President Joe Biden on Thursday at...
RBI forms panel to review fee structure for white-label ATMs, BFSI News, ET BFSI
New Delhi: The Reserve Bank of India (RBI) has set up a committee to review the fee structure for white-label ATMs (WLAs). This committee will evaluate current policies and practices, aiming to recommend a fair and sustainable model that balances the interests of all...
Euroclear acquires 49% stake in Inversis
Euroclear today announces it has acquired a strategic stake of 49% in Inversis, a provider of global investment technology solutions and outsourced financial services. Euroclear will become the full owner of Inversis by end 2027. Financial details of the transaction...
ECB’s Simkus: Interest rates are getting lower, quite significantly
ECB Governing Council member Gediminas Simkus shared his views with reporters today, indicating that his outlook aligns with current market expectations, which anticipate two rate cuts this year. Simkus commented, “Interest rates are getting lower and, I think, will...
Trump promises ‘massive tax cuts’ and an end to inflation in convention speech
Republican presidential nominee Donald Trump speaks on the final night of his party’s convention in Milwaukee.
Microsoft says it restored cloud services but issues continue
The exterior view of the Microsoft Times Square building in New York City on Jan. 29, 2023.Kena Betancur | Corbis News | Getty ImagesMicrosoft's cloud services have been restored after an outage, the company said on Friday, but many users are still reporting issues.It...
Double MUDRA loan limits, reduce financing cost, MSMEs ask, ET BFSI
Budget 2024: Double MUDRA loan limits, reduce financing cost, MSMEs ask As the Finance Minister Nirmala Sitharaman set to present the first Union Budget of Modi 3,0 on July 23, the expectations from various sectors are high.The Micro, Small & Medium Enterprises...
Household savings are moving to mutual funds from banks impacting their liquidity: RBI governor, ET BFSI
NEW DELHI: Households are choosing the capital markets over the banks to park or invest their savings, highlighted RBI governor Shaktikant Das during his address at FE Modern BFSI (Banking, Financial Services, and Insurance) Summit 2024 on Friday.Governor Das...
FX option expiries for 19 July 10am New York cut
There aren't any major expiries to take note of on the day. As such, trading sentiment will rely on the same key drivers from the day before mostly. The dollar saw recovery flows yesterday with yields pushing higher, so that will remain in contention in the session...
Airlines grounded, companies experiencing outages tied to CrowdStrike issue
Major airlines grounded flights and companies globally were experiencing IT outages, believed to be caused by a CrowdStrike cybersecurity platform issue on Friday.
CrowdStrike suffers major outage affecting businesses around the world
Cybersecurity firm CrowdStrike suffered a major outage on Friday, the company told NBC, impacting businesses globally.The outage resulted from an issue with the latest update, the company said. CrowdStrike is now in the process of rolling back that update globally.The...
With media in upheaval, Netflix stays out of the fray
A couple sits in front of a television with the Netflix logo on it.Picture Alliance | Picture Alliance | Getty ImagesNetflix's second-quarter earnings report contained no bombshells, and that's just fine for the company and its investors.In recent weeks, Paramount...
Trump RNC speech recounts assassination bid
Former President Donald Trump recounted the assassination attempt that nearly killed him during his Republican National Convention acceptance speech in Milwaukee on Thursday night."I'm not supposed to be here tonight," said a somber Trump, with a bandage covering his...
Dollar Strengthens as DOW Plunges; Yen Struggles to Extend Rally
Dollar rebounded broadly overnight following steep 500+ point selloff in DOW. Some analysts cited rotation away from big tech as the cause, but the decline was broad-based. Profit-taking could be a more likely factor after recent record runs, as traders and Fed...
Ethereum Core Developers Discuss Key Updates in Latest Call
Luisa Crawford Jul 19, 2024 04:32 Ethereum developers discussed significant changes to the execution layer and key proposals during the All Core Developers Execution Call #192. On July 18, 2024, Ethereum...
FOREX.com Japan confirms traders’ problems connecting to their accounts
FOREX.com Japan, the Japanese retail FX subsidiary of StoneX Group, today confirmed issues experienced by some of its clients. The broker said that some traders are experiencing problems when connecting to their accounts. The company is investigating the cause of the...
Arkham Intelligence Introduces AI-Powered Blockchain Analysis Tool ‘The Arkham Oracle’
James Ding Jul 19, 2024 05:05 Arkham Intelligence unveils 'The Arkham Oracle,' an AI-driven tool designed to simplify blockchain data analysis. The feature offers transaction logs, portfolio holdings, and more. ...
(ECB) Monetary policy decisions – Action Forex
18 July 2024 The Governing Council today decided to keep the three key ECB interest rates unchanged. The incoming information broadly supports the Governing Council’s previous assessment of the medium-term inflation outlook. While some measures of underlying inflation...
Mortgage rates just fell to a four-month low. Should you buy a house or wait?
Mortgage rates seem poised to come down in the coming months. That’s prompting some home buyers to pause and wait for more certainty before acting.
LangChain Enhances Core Tool Interfaces and Documentation
Luisa Crawford Jul 18, 2024 19:13 LangChain introduces key improvements to its core tool interfaces and documentation, simplifying tool integration, input handling, and error management. LangChain has announced...
Nvidia, AMD shares move in opposite directions after good news on AI demand
Nvidia’s stock is leading the chip sector late on a volatile day of trading, while other prominent semiconductor names are seeing an extension of recent weakness.
ECB stands pat, headline inflation to stay above target well into next year
ECB left interest rates unchanged as wildly expected. Interest rates on the marginal lending facility and the deposit facility are held at 4.25%, 4.50% and 3.75% respectively. In the accompanying statement, ECB noted that incoming information broadly support the...
Biden under Democrat pressure to drop out against Trump
U.S. President Joe Biden in the Oval Office at the White House in Washington on April 15, 2024.Elizabeth Frantz | ReutersAs President Joe Biden isolated at his beach house in Rehoboth, Delaware, on Thursday after testing positive for Covid, he faced renewed pressure...
Amazon Prime Day set records this year — but TikTok’s foray into summer deals had a slower start
The e-commerce giant said its 2024 Amazon Prime Day event was its biggest ever.
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0907; (P) 1.0928; (R1) 1.0960; More…. Intraday bias in EUR/USD is turned neutral first with current retreat. Some consolidations would be seen below 1.0947 temporary top. But downside should be contained by 1.0871 support to bring another rally....
Warner Bros. Discovery match period starts
Jaylen Brown, #7 of the Boston Celtics, shoots a three-point basket against the Dallas Mavericks during Game 5 of the 2024 NBA Finals at TD Garden in Boston on June 17, 2024.Nathaniel S. Butler | National Basketball Association | Getty ImagesWith National Basketball...
Small-cap stocks are perking up. Here’s how to pick winners.
A mad rush for U.S. small-cap stocks over the past week has investors weighing whether to chase the rally or proceed with caution in one of the most speculative corners of the stock market.
Binance to List Banana Gun (BANANA) Following HODLer Airdrops
Tony Kim Jul 18, 2024 18:08 Binance announces the listing of Banana Gun (BANANA) following its HODLer Airdrops. Users subscribed to Simple Earn will receive the airdrop distribution. Binance, the world’s leading...
Biden has ‘mild’ Covid symptoms, no fever, White House doctor says
U.S. President Joe Biden arrives to deliver remarks following the incident that occurred at a campaign rally for former U.S. President Donald Trump, in Rehoboth Beach, Delaware, U.S., July 13, 2024.Tom Brenner | Via ReutersPresident Joe Biden is still dealing with...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2968; (P) 1.3006; (R1) 1.3048; More… A temporary top should be formed at 1.3043 as GBP/USD retreated after hitting rising channel resistance. Intraday bias is turned neutral for some consolidations first. Downside should be contained by 1.2859...
Retail investors are buying these bonds right now
Data from online brokerage Public shows us exactly which bonds people are buying on the platform.
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8790; (P) 0.8871; (R1) 0.8915; More… USD/CHF’s decline is still in progress and intraday bias stays on the downside. Fall from 0.9223 should target 60% retracement of 0.8332 to 0.9223 at 0.8672 next. On the upside, above 0.8884 minor resistance...
‘Inflationary’ tariffs by U.S. could upset expectations for multiple Fed rate cuts into 2025
If the levying of tariffs causes inflation to jump higher, then the Fed “may not cut rates as aggressively” as estimated, a Wells Fargo team says.
AssemblyAI Expands PII Redaction and Entity Detection to 47 New Languages
Rebeca Moen Jul 18, 2024 17:35 AssemblyAI enhances PII Redaction and Entity Detection, adding support for 47 new languages and 16 new entity types, improving global data privacy and insights extraction. ...
EUR/USD – Slightly Lower as ECB Holds Interest Rates
The euro has edged lower on Thursday. Early in the North American session, EUR/USD is trading at 1.0919, down 0.18% on the day. The euro hasn’t posted a losing day since July 9, gaining 1% during that period. ECB maintains rates at 3.75% The European Central Bank...
Political unrest got you rattled? Experts share what to do with your money.
Financial experts offer money tips for people trying to navigate feelings about the uncertain future. “What we can control is what we’re doing with our money today.”
Torque Drift 2 Update 10 Introduces New Mazda and Toyota Models, Pro Car Bundles
Terrill Dicki Jul 18, 2024 17:10 Motorverse's Torque Drift 2 Update 10 brings new Mazda and Toyota models, Pro Car Bundles, and exciting gameplay features. Motorsport gaming studio Grease Monkey Games, a...
I thought I had planned for every risk, until the unexpected happened
Today’s financial lesson: We can manage risk—but terrible stuff can still happen. This thought, of course, was prompted by my recent cancer diagnosis. But the notion is also all too relevant to money management. But let’s start with health matters. In 1995, I began...
EUR/USD Outlook: Dips from New High Following ECB Decision
EURUSD eases further from new multi-week high (1.0948) as markets digested ECB’s decision to stay on hold and repeat its mantra that future action will be dependent on incoming economic data. On the other hand, confidence that the ECB will deliver two more rate cuts...
IBM Research Unveils AI Tools for Business Automation
Zach Anderson Jul 18, 2024 16:34 IBM Research introduces AI tools aimed at automating business processes, enhancing efficiency, and providing explainable AI systems to drive new insights. IBM Research's New AI...
Saxo Bank hires Goldman Sachs to pursue IPO or sale
Copenhagen based Retail FX and CFDs broker Saxo Bank has announced that its shareholders – namely China’s Geely Group, co-founder and CEO Kim Fournais via Fournais Holding A/S, and Finland’s Mandatum Group have decided to “initiate a review of strategic...
Netflix (NFLX) earnings Q2 2024
The Netflix logo is displayed above its corporate offices on January 24, 2024 in Los Angeles, California. Mario Tama | Getty ImagesNetflix reports its second-quarter earnings after the bell on Thursday, and Wall Street will be paying close attention to any details or...
Manpower says AI is a worry for many workers and ‘front of mind’ for employers
In headhunter Manpower’s post-earnings call with analysts, CEO Jonas Prising addressed what everyone was thinking, how artificial intelligence was affecting the job market.
UK Jobs Data Cooled the Pound
The UK labour market is experiencing a cooling phase. The number of applications for unemployment benefits in June increased by 32.3K after a jump of 51.9K a month earlier. Prior to that, this indicator had been drifting for almost two years, adding an average of 2.5K...
Who might be the Democratic vice-presidential nominee if Biden steps aside? Here’s what betting markets say.
With pressure growing on President Joe Biden to step aside as the Democratic nominee, who might a new nominee’s running mate be?
Exclusive: Scope Markets names Chris Andrews as Head of Operations
FNG Exclusive… FNG has learned that Retail FX and CFDs broker Scope Markets has promoted Chris Andrews to the position of Head of Operations. Chris Andrews joined Scope Markets in 2022 as a Senior Institutional Account Manager, one of a number of hires made at the...
Why are banks raising rates ahead of RBI monetary policy meet?, ET BFSI
Public sector lenders, including the State Bank of India (SBI) and Bank of Baroda (BoB), have increased their marginal cost of funds based lending rates (MCLR). This move is expected to be mirrored by other lenders, raising borrowers' interest rate burden.The...
JPY Technical Outlook: Price Action on USD/JPY, GBP/JPY
Japanese authorities have not confirmed whether they have intervened in the market to support the Yen. USD/JPY broke a long-term descending trendline but found support near the 100-day MA and 155.00 level. Price Action outlook and potential setups on USD/JPY and...
Mistral AI and NVIDIA Introduce Mistral NeMo 12B, a Cutting-Edge Enterprise AI Model
James Ding Jul 18, 2024 15:14 Mistral AI and NVIDIA unveil Mistral NeMo 12B, a customizable and deployable enterprise AI model for chatbots, multilingual tasks, coding, and summarization. Mistral AI and NVIDIA...
‘I walked away furious and with an empty stomach’: The food at my Italian restaurant was inedible. Am I expected to tip?
“I was flabbergasted. Why should I pay for a dish that I didn’t eat?”
Ukraine’s Zelenskyy hits out at self-appointed peace negotiator Orban
Ukrainian President Volodymyr Zelensky attends the European Political Community (EPC) summit at the Blenheim Palace in Woodstock, Oxfordshire, United Kingdom on July 18, 2024.Anadolu | Getty ImagesOXFORD, England — Ukraine's President Volodymr Zelenskyy on Thursday...
Is AUDCAD Ready to Extend Its Uptrend?
AUDCAD prints higher highs and higher lows RSI and MACD detect positive momentum Break above 0.9260 could signal trend continuation Dip below 0.9125 may allow a decent correction AUDCAD rebounded today from slightly above the support of 0.9270, marked by the low of...
What You Can Learn from Europe’s “Dow Theory”-esque Non-confirmation :: InvestMacro
By Brian Whitmer | European Financial Forecast editorCharles Dow (yes, the one with the averages named after him) developed a foundational concept in technical analysis that requires that price movement in industrial stocks and transportation shares confirm one...
Citi to boost investment banking headcount in India betting on deals surge, ET BFSI
By Dhwani PandyaMUMBAI - Citigroup plans to bolster the headcount in its India investment banking unit, betting on a surge in equity capital market and M&A deals in one of the world's fastest growing economies, a top country executive said."We haven't firmed up...
Penn lays off about 100 employees as it focuses on ESPNBet growth
The ESPN Bet app on a smartphone arranged in New York, US, on Thursday, Feb. 22, 2024. Gabby Jones | Bloomberg | Getty ImagesPenn Entertainment will lay off about 100 employees as it focuses on growth for ESPNBet.CEO Jay Snowden told staff members in an internal email...
CommScope rallies on deal to sell units to Amphenol for $2.1 billion
CommScope Holding Co. Inc.’s stock jumped more than 11% on Thursday after the networking technology company said it agreed to sell two business units with a combined 4,000 employees to Amphenol Corp. for $2.1 billion.
U.S. online sales climb to record $14.2 billion
An Amazon contract worker pulls a cart of packages for delivery in New York, US, on Monday, April 22, 2024. Angus Mordant | Bloomberg | Getty ImagesOnline spending in the U.S. surged 11% year over year to $14.2 billion during Amazon's 48-hour Prime Day event, topping...
Google Enhances NBCUniversal’s Olympic Games Paris 2024 Coverage with AI and Maps Integration
Rongchai Wang Jul 18, 2024 14:38 Google integrates AI and mapping technologies in NBCUniversal's coverage of the Olympic Games Paris 2024, enhancing viewer experience and athlete engagement. Google is set to...
Sunset Market Commentary – Action Forex
Markets The ECB kept its key policy rates unchanged today in an unanimous decision. In its policy statement, the central bank repeats that it doesn’t pre-commit to a particular rate path. They follow a meeting-by-meeting and data-dependent approach to determining the...
Infosys sales edge past consensus as it nudges up outlook
Indian outsourcing giant Infosys reported growing profits as it forecast a slight pickup in sales growth for the year.
OpenAI 4o mini model announced
OpenAI CEO Sam Altman speaks during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024. Jason Redmond | AFP | Getty ImagesOpenAI on Thursday launched a new AI model, "GPT-4o mini," the artificial intelligence startup's...
SEC sues Trump Media SPAC ex-CEO Patrick Orlando for alleged fraud
The US Securities and Exchange Commission (SEC) headquarters in Washington, DC, US, on Wednesday, Jan. 10, 2024.Graeme Sloane | Bloomberg | Getty ImagesThe U.S. Securities and Exchange Commission sued the former CEO of the blank-check company that merged with Trump...
TradingView adds moomoo to list of partner brokers
TradingView today presented the latest addition to the trading integrations and welcomed moomoo, a prominent US online brokerage that now offers trading directly from the TradingView platform. moomoo started operating in 2018 and was designed to provide essential...
PV Subramanyam calls Sebi’s move to start new asset class fantastic, ET BFSI
Hailing Sebi’s move to start a new asset class to fill the gap between mutual funds and portfolio management schemes, PV Subramanyam, CEO, www.subramoney.com, says, "It is a fantastic move by SEBI because SEBI has acknowledged that people with Rs 10-15 lakhs are...
Understanding UXLINK (UXLINK): A New Era of Social Interaction in Web3
Caroline Bishop Jul 18, 2024 13:58 UXLINK merges real-world social connections with blockchain, offering a secure and transparent platform for interaction, trading, and community building. The UXLINK project, as...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 155.29; (P) 156.95; (R1) 157.84; More… USD/JPY’s fall from 161.94 is seen as correcting whole rally from 140.25. Deeper decline is expected as long as 158.85 resistance holds, to 38.2% retracement of 140.25 to 161.94 at 163.65. On the upside, above...
Meta in talks to buy a near $5 billion stake in Ray-Ban sunglasses parent: WSJ
Meta Platforms is in talks to pay nearly $5 billion for a 5% stake in France-based eyeglass giant and Ray-Ban parent EssilorLuxottica SA, according to a report in The Wall Street Journal.
GeForce NOW Summer Sale: 50% Off on Priority and Ultimate Memberships
Peter Zhang Jul 18, 2024 13:36 The GeForce NOW Summer Sale offers 50% off on Priority and Ultimate memberships until August 18, 2024, including access to new games. The GeForce NOW Summer Sale is currently live,...
Brent Oil Price Trends Upward Amid Positive Market Signals :: InvestMacro
By RoboForex Analytical DepartmentBrent crude oil has reached $85.40, marking a continued increase over two consecutive sessions. This upward trend is primarily supported by recent US energy inventory statistics, which showed a significant decrease of 4.87 million...
ESAF SFB gets RBI nod for re-appointment of K Paul Thomas as MD & CEO, ET BFSI
New Delhi: ESAF Small Finance Bank on Wednesday said it has received the Reserve Bank of India's (RBI's) nod for re-appointment of K Paul Thomas as its Managing Director & CEO for another three years. This approval was communicated via the RBI's letter dated May...
EU Commission head von der Leyen elected for second term
Ursula von der Leyen reacts after being chosen President of the European Commission for a second term, at the European Parliament in Strasbourg, France, July 18, 2024. Johanna Geron | ReutersEuropean Commission President Ursula von der Leyen was elected for a second...
Subdued Forex Trading as ECB Holds Rates Steady
Trading in the forex markets has been relatively subdued today. ECB’s decision to hold interest rates steady was widely expected, and President Christine Lagarde’s press conference did not introduce any significant new information. ECB’s accompanying statement...
Nearly 50 million people play pickleball. Will they also try this pickleball videogame?
PPA Pickleball Tour 2025, a game that launches this week, aims to expand the audience for the sport.
Philadelphia Fed’s factory gauge improves markedly in July
The Philadelphia Fed said Thursday its gauge of regional business activity rose to 13.9 in July from 1.3 in the prior month.
US initial jobless claims rises to 243k vs exp 225k
US initial jobless claims rose 20k to 243k in the week ending July 13, above expectation of 225k. Four-week moving average of initial claims rose 1k to 235k. Continuing claims rose 20k to 1867k in the week ending July 6, highest since November 27, 2021. Four-week...
Wolverine Trading gets a slap on the wrist for alleged violations of Cboe rules
Wolverine Trading, LLC has agreed to pay a fine as a part of a settlement with Cboe Exchange, Inc. From June 12, 2023, through on or about January 31, 2024, the firm failed to report 156 transactions executed on the floor within 90 seconds after execution. During the...
Sebi mulls over raising F&O contract value from Rs 5 lakh to Rs 25 lakh: Report, ET BFSI
Markets regulator Securities and Exchange Board India (Sebi) is likely to consider increasing the minimum value of each F&O contract from Rs 5 lakh to Rs 25 lakh as part of its strategy to curb speculative trading to protect the retail investors.The agenda is a...
BNB Chain Announces ‘Become A Champion Builder’ Hackathon for Q3 2024
Timothy Morano Jul 18, 2024 12:43 BNB Chain's Q3 2024 hackathon invites developers to create transformative decentralized applications with a prize pool exceeding $500,000. BNB Chain has announced its highly...
Biden tests positive for Covid, cancels speech in Las Vegas
President Joe Biden tested positive for Covid-19 on Wednesday, the White House said.The president, who was delivering speeches in Las Vegas, "is experiencing mild symptoms," White House press secretary Karine Jean-Pierre said in a statement.Biden "will be returning to...
Jobless claims jump t0 243,000 and match nearly one-year high
The number of Americans who applied for unemployment benefits last week shot up to 243,000 and matched a nearly one-year high, driven by a spike in new job less claims in Texas after hurricane Beryl.
USDCHF Elliott Wave Analysis Favors Selling Bounces
Hello traders, welcome to a new blog post. Today, we will discuss the future path for the USDCHF currency pair. The recent breakout confirmed the bearish bias we shared with members of Elliottwave-Forecast. So, what is next for this pair in the coming weeks? On April...
Ford to expand large truck production to Canada
2023 Ford Super Duty F-350 LimitedFordDETROIT – Ford Motor will expand production of its large Super Duty trucks to a Canadian plant that was previously set to be converted into an all-electric vehicle hub.The new plans include investing about $3 billion to expand...
Technology companies fall on fears of new sanctions on China :: InvestMacro
By JustMarketsStock indices traded mixed on Wednesday, with the Dow Jones Industrials (US30) setting a new record high and the Nasdaq 100 (US100) falling to a two-week low. The Dow Jones Industrials (US30) Index gained 0.59%, while the S&P 500 (US500) Index fell...
Rising Chinese, Indian NBFC issuance may build future USD debt wall, ET BFSI
A robust pick-up in US dollar bond issuance by Chinese and Indian non-bank financial institutions (NBFIs) in the first half of 2024 has helped to mitigate refinancing risks associated with debt maturing this year, but will lead to increased refinancing needs in 2027,...
Modi govt may finally realise Rs 29,000 cr from divestment of this bank following RBI green signal, ET BFSI
The Reserve Bank of India has reportedly given its 'fit and proper' approval on bidders for IDBI Bank ahead of the Union Budget 2024 and all eyes are now on Finance Minister Nirmala Sitharaman.The Narendra Modi government had set the ball rolling for divesting its...
Ryan Cohen reiterates support for Donald Trump ahead of former president’s RNC speech
GameStop Corp. Chief Executive Ryan Cohen reiterated his support for Republican presidential nominee Donald Trump late Wednesday, just days after endorsing him.
Biden says he might withdraw if he had a medical condition
U.S. President Joe Biden boards Air Force One, at Harry Reid international airport in Las Vegas, Nevada, U.S., July 17, 2024. Tom Brenner | ReutersPresident Joe Biden said in an interview airing Wednesday that he might reconsider his decision to stay in the race...
Brent Oil Price Trends Upward Amid Positive Market Signals
Brent crude oil has reached $85.40, marking a continued increase over two consecutive sessions. This upward trend is primarily supported by recent US energy inventory statistics, which showed a significant decrease of 4.87 million barrels against an anticipated...
Chainalysis Launches Operation Spincaster to Combat Crypto Scams
Peter Zhang Jul 18, 2024 11:52 Chainalysis has introduced Operation Spincaster, a collaborative initiative aimed at disrupting and preventing crypto scams through public and private sector cooperation. ...
TWFG Insurance IPO prices above range ahead of trading debut as IPO market heats up
Deal is latest in an IPO market that is gradually heating up again.
Virtu Financial registers 36.7% Y/Y increase in revenues in Q2 2024
Virtu Financial, Inc. (NASDAQ:VIRT), a provider of financial services and products that leverages cutting edge technology to deliver innovative, transparent trading solutions to its clients and liquidity to the global markets, today reported results for the second...
Credit and deposit growth witness a noticeable decline; outlook positive, ET BFSI
Credit offtake continued to grow albeit at a slower pace, increasing by 17.3% year-on-year (y-o-y) to reach Rs 168.8 lakh crore, for the fortnight ending June 28, 2024. The impact of HDFC’s merger with HDFC Bank (which would subside by the end of Q1FY25) along with...
Change of Heart from Fed Governor Waller Significant
Markets We’ve given Fed governor Waller plenty of attention this year. He’s been the voice of the large minority inside the Fed who from the beginning of the year has been pushing to keep policy rates at their peak levels for longer. Markets had to gradually retrace...
These small stocks with big dividends can grow even after the small-cap rally fades
Think twice before shifting your stock portfolio toward smaller-cap names.
JD Vance accepts nomination; Kai Trump, Peter Navarro deliver memorable moments
Vance says he won't take Trump's trust 'for granted'US former President and 2024 Republican presidential candidate Donald Trump and US Senator from Ohio and 2024 Republican vice presidential candidate J.D. Vance aplaud during the second day of the 2024 Republican...
Lower fiscal deficit, increased capex & taxation reforms likely, says FICCI, ET BFSI
The government has done a deft job on the fiscal side and it is expected that prudence will continue to remain important to ensure macro stability. Nonetheless, the survey highlighted that the government has an opportunity to leverage additional resources from robust...
Hong Kong Monetary Authority Reports Slight Increase in Composite Interest Rate for June 2024
Caroline Bishop Jul 18, 2024 10:18 The Hong Kong Monetary Authority announced a minor rise in the composite interest rate to 2.62% at the end of June 2024, reflecting higher deposit costs. The Hong Kong Monetary...
HKMA Reveals Participants for Stablecoin Issuer Sandbox
Darius Baruo Jul 18, 2024 10:46 The Hong Kong Monetary Authority (HKMA) has announced the participants of its stablecoin issuer sandbox, fostering the development of Hong Kong's stablecoin ecosystem. The Hong...
Chelsea FC welcomes Skrill as Pre-Season Tour partner
With final preparations underway ahead of The Blues’ pre-season tour to the US this summer, Chelsea FC welcomes Skrill, the digital wallet powered by global payments platform Paysafe (NYSE:PSFE), as an official tour partner. Skrill will be the presenting partner of...
Don’t buy the dip as the summer slump is officially here, says Goldman strategist
Wading in for bargains right now is not the way to go, says Goldman Sachs’ tactical strategist Scott Rubner, who offers seasonal caution.
FBSB India CEO, ET BFSI
A top official of the FPSB India (Financial Planning Standards Board) here on Wednesday said India is facing the issue of unemployability in the financial services sector because there were no takers of nearly 18 lakhs jobs last year. GIFT City in Gandhinagar, which...
Elliott Wave Intraday: Rally in Bitcoin (BTCUSD) Looking Impulsive
Rally from 7.5.2024 low in Bitcoin (BTCUSD) looks impulsive suggesting further upside. Pullback to 53570 ended wave ((4)) and Bitcoin has turned higher in wave ((5)). The crypto currency still needs to break the previous all-time high on 3.14.2024 high at 73794 to...
Copa America chaos raises doubts over U.S. 2026 World Cup readiness
Fans of Colombia and Argentina the CONMEBOL Copa America 2024 Final match between Argentina and Colombia at Hard Rock Stadium on July 14, 2024 in Miami Gardens, Florida. Maddie Meyer | Getty ImagesThe Copa America soccer final between Argentina and Colombia on Sunday...
CPI Inflation projected at 4.5%, GDP at 7% for FY25: FICCI Survey, ET BFSI
A latest survey by FICCI predicts an annual median GDP growth forecast for the year 2024-25 at 7.0 per cent and CPI inflation at 4.5 per cent for the same period.Despite persisting headwinds, India’s economic growth remains resilient, and the nation remains amongst...
China’s Communist Party removes ex-foreign, defence ministers from top body
High Representative for Foreign Affairs Josep Borrell was due to meet Chinese Foreign Minister Qin Gang, pictured on May 23, 2023 in Beijing, China. (Photo by Thomas Peter-Pool/Getty Images)Pool | Getty Images News | Getty ImagesChina's Communist Party removed its...
These stocks offer some insulation against election volatility
As the U.S. gears up for November’s presidential election, stocks across sectors such as defense, telecom, water, environment and construction could provide refuge from any volatility that arises, according to KeyBanc Capital Markets.
Texas miners leave crypto for next new wave
Cattle graze at the Buffalo Gap Wind Power project in Taylor and Nolan counties just south of Abilene, Texas.Robert Daemmrich | Corbis | Getty ImagesJust off of Interstate 20, in the heart of West Texas, is a town of 125,000 people called Abilene. Once a stopping...
Commodity Currencies in Stable Ranges: Should We Expect a Breakout?
The currency pairs AUD/USD and USD/CAD, unlike the pairs with the Euro, Yen, and Sterling, continue to demonstrate long-term stability. These pairs have been trading in narrow price corridors for several months. Given the weakening of the dollar in many directions,...
Eurex adds Ether to its crypto derivatives suite
Eurex expands its crypto derivatives portfolio with the launch of FTSE Ethereum Index Futures and Options as of 12 August 2024. Following the launch of FTSE Bitcoin Index Futures and Options in 2023, this is another major milestone in Eurex’s ambition to offer secure...
Arka Fincap signs co-lending partnership with Central Bank of India for MSME loans, ET BFSI
Non-bank financial company Arka Fincap, a part of Kirloskar Group on Wednesday announced that it had partnered with Central Bank of India to offer MSME loans.Under the co-lending arrangement, Arka will offer loans to MSMEs at competitive rates and further expand its...
Can Boeing get back to its glory days?
An American Airlines Boeing 737 MAX 8 flight from Los Angeles approaches for landing at Reagan National Airport shortly after an announcement was made by the FAA that the planes were being grounded by the United States in Washington, U.S. March 13, 2019. Joshua...
OKX Ventures Backs zkLink to Enhance Liquidity with Aggregated Rollups
Zach Anderson Jul 18, 2024 10:03 OKX Ventures has invested in zkLink, aiming to unify liquidity across various blockchain ecosystems with its Aggregated Layer 3 zkEVM network. OKX Ventures, the investment arm of...
My daughter died without a will, but her undocumented husband refuses to claim her estate. What can we do?
“How do I collect it as her next of kin if her husband is refusing to collect his inheritance?”
USDJPY: What’s Happening With JPY? Scenarios after BoJ Intervention
Bullish Scenario: Buy above 156.45 with targets at 157.16, 157.90, and 158.10 in extension. Set S.L below 155.80 or at least 1% of the account’s capital. Apply Trailing Stop. Bearish Scenario: Sell below 157.16 or 157.90 (where a PAR* forms) with TP1: 156.00, 155.80,...
The West must confront the ‘deadly quartet’ of global adversaries
NATO leaders attend the Allied and Partner Heads of State and Government Meeting as part of the NATO Heads of State and Government Summit in Washington DC., United States on July 11, 2024.Anadolu | Getty ImagesLONDON — Hot on the heels of last week's NATO summit that...
Lower fiscal deficit, increased capex & taxation reforms likely, says FICCI, ET BFSI
The government has done a deft job on the fiscal side and it is expected that prudence will continue to remain important to ensure macro stability. Nonetheless, the survey highlighted that the government has an opportunity to leverage additional resources from robust...
Hedge funds that try to avoid pain just saw their worst day in nearly two years
Managers with long/short strategies — i.e., funds that combine bets that companies will appreciate in value with bets that others will decline — had their worst single day of trade since the fourth quarter of 2022.
Ethereum co-founder warns against voting only on ‘pro-crypto’
Ethereum co-creator Vitalik Buterin on Wednesday cautioned against voting for political candidates based solely on whether they have adopted a "pro-crypto" stance."The game of politics is much more complicated than just 'who wins the next election', and there are a...
Exclusive: Former Capital.com Australia CEO Laura Lin joins Banxa to head Compliance
FNG Exclusive… FNG has learned that former Capital.com Australia CEO Laura Lin, who left the company earlier this year, has found a new position as Head of Compliance at Australia based embedded crypto infrastructure provide Banxa. Laura Lin was CEO of Capital.com...
International buyers are pulling back from the U.S. housing market
International buyers of U.S. residential real estate are running into the same hurdles as domestic buyers — namely high prices and tight supply — but they're also up against a strong U.S. dollar, which makes the properties even more expensive for them. As a result,...
How to receive OTP for online transactions on add-on credit card, ET BFSI
A primary credit cardholder can apply for add-on cards for children, spouse, or even your parents. The benefits and features of the add-on card are similar to that of the primary Credit Card and the number of add-on cards one can own varies from bank to bank. This...
EURUSD Reaches the Midpoint of a Long-Term Downtrend
EURUSD rally slows down near 4-month high Gets bearish vibes, but positive trend is still alive above 1.0900 ECB to hold interest rates steady at 12:15 GMT; Will it signal a second rate cut? EURUSD took a breather after heightened expectations of a Fed rate cut lifted...
Check out this cool surfer beach house in Malibu that actor Jonah Hill just listed $16.7 million
The beach is just steps away from this charming and discreet Malibu escape featuring lush landscaping and ocean breezes.
Asia chip stocks tumble amid news the U.S. may consider trade curbs
The moves from the U.S. came after Bloomberg on Wednesday reported that the Biden administration is thinking about clamping down on firms exporting their critical chipmaking equipment to China. Wong Yu Liang | Moment | Getty ImagesChip stocks in Asia tumbled on...
Binance Integrates Maverick Protocol (MAV) and ether.fi (ETHFI) on Arbitrum One Network
Ted Hisokawa Jul 18, 2024 09:02 Binance has completed the integration of Maverick Protocol (MAV) and ether.fi (ETHFI) on the Arbitrum One Network, enabling deposits and withdrawals. Binance has successfully...
UK’s Starmer aims to overhaul EU relations as Trump specter looms
British Prime Minister Keir Starmer reacts as he meets with Defence Secretary John Healey and Member of the House of Lords George Robertson at 10 Downing Street on July 16, 2024 in London, England. Wpa Pool | Getty Images News | Getty ImagesOXFORD, England — The...
Some USD/JPY option expiries to be aware of for 10am NY time today
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,...
How macroeconomic indicators performed in June 2024?, ET BFSI
Recently, IMF raised India’s growth projections by 20 basis points to 7 per cent and the Asian Development Bank kept its forecast unchanged at 7 per cent.In June 2024, the Reserve Bank of India announced its bi-monthly monetary policy review, maintaining the repo rate...
Darden Restaurants to acquire Chuy’s for approximately $605 million
Igor Golovniov | Getty ImagesDarden Restaurants will acquire Chuy's Holdings for approximately $605 million in cash, the companies announced jointly on Wednesday.Darden agreed to acquire all outstanding shares of Chuy's at $37.50 per share, according to a press...
Stripe announces a range of new products in Japan
Stripe, a financial infrastructure platform for businesses, today announced a range of new products in Japan that provide more tools for reaching consumers and growing revenue, domestically and abroad. In response to strong local growth, with payment volume on Stripe...
You Can Do Big Things! | YNAB
Ever feel like your money is always riding a unicycle on a high wire? Discover a YNAB teacher's practical tips to find your financial balance and tackle big goals with confidence.
ICAI partners with OpenAI to enhance CA practice with GPT technology, ET BFSI
The Institute of Chartered Accountants of India (ICAI) has collaborated with OpenAI to develop the CAGPT, a fenced GPT that operates without external resources. This tool, after successful beta testing, is now officially launched and available to ICAI members. Another...
WTI Oil Futures Hold Above 80.00
WTI futures rebound from a 3-week low Next target for the bulls is the July peak of 84.50 Momentum indicators are cautiously tilted to the upside WTI oil futures (August delivery) had been in a steady uptrend since early June before experiencing a pullback following...
J.D. Vance blasts ‘Wall Street barons’ and Biden in GOP convention speech
Republican vice presidential nominee J.D. Vance speaks Wednesday night at the GOP convention in Milwaukee.
Chinese regulators begin testing GenAI models on socialist values
Digital code and Chinese flag representing cybersecurity in China. Anton Petrus | Moment | Getty ImagesAI companies in China are undergoing a government review of their large language models, aimed at ensuring they "embody core socialist values," according to a report...
Govt’s Next Move After RBI’s ‘Fit & Proper’ Report, ET BFSI
NEW DELHI: With RBI giving its “fit and proper” report on bidders for IDBI Bank, all eyes are now on govt and the Budget as the market awaits for a signal on disinvestment.IDBI Bank has been up for privatisation for several years, and govt had been awaiting an RBI’s...
Announcement – Blockchain Scalability and Interoperability Mastery Course Launched
The continuously growing blockchain ecosystem offers many new opportunities as well as different challenges. 101 Blockchains is happy to announce the new blockchain scalability and interoperability mastery course launched for all levels. The 101 Blockchains team has...
FX option expiries for 18 July 10am New York cut
There are a couple to take note of, as highlighted in bold.They are all for EUR/USD centered near the 1.0900 level. If anything else, that should help to limit any downside shoves in the session ahead at least before we get to the ECB policy decision later.Besides...
Novartis lifts guidance again as demand climbs for top drugs
Novartis has boosted its 2024 outlook for a second time this year, thanks to strong sales for some of its biggest drugs used to treat heart failure and other ailments.
TSMC Q2 2024 earnings
TSMC offices in San Jose, California, US, on Thursday, April 18, 2024.David Paul Morris | Bloomberg | Getty ImagesTaiwan Semiconductor Manufacturing Company on Thursday beat revenue and profit expectations in the second quarter, as demand for advanced chips used in AI...
United (UAL) earnings Q2 2024
United Airlines planes at Denver International Airport.Leslie Josephs | CNBCUnited Airlines' second-quarter profit rose more than 20% from last year as strong demand for international travel boosted the carrier's results, but its third-quarter forecast came in shy of...
U.S.-China tensions are not a ‘new Cold War’: Bilahari Kausikan
NEW YORK, NY - SEPTEMBER 19: AMB. Bilahari Kausikan, Ministry of Foreign Affairs of Singapore speaks at The 2017 Concordia Annual Summit at Grand Hyatt New York on September 19, 2017 in New York City.Paul Morigi | Getty Images Entertainment | Getty ImagesWhile some...
Euro Mixed as ECB Rate Decision Looms
While Euro maintains its strength against Dollar, its performance is more mixed against other major currencies. The market’s attention is now focused on the upcoming ECB rate decision and press conference. It is broadly anticipated that ECB will maintain deposit rate...
Stellar (XLM) vs. Solana: A Comparative Analysis of State Archival Scalability
Alvin Lang Jul 18, 2024 07:29 Explore the scalability of State Archival on Stellar (XLM) and Solana's Avocado. Detailed analysis of network efficiency and congestion issues. The blockchain landscape is...
CME Group to launch CME FX Spot+
Effective March 2025, CME Group will launch CME FX Spot+, a new tradable spot FX instrument, leveraging CME FX Link liquidity to bring together OTC spot FX and FX futures. CME FX Spot+ will enable spot FX market participants to tap into CME FX futures liquidity...
Sei Foundation Introduces $50M Japan Ecosystem Fund for Gaming and Entertainment
Rebeca Moen Jul 18, 2024 07:46 Sei Foundation launches a $50M Japan Ecosystem Fund to support Web3 gaming, social, and entertainment sectors, aiming to boost crypto startups in Japan. The Sei Foundation has...
NBFC Seeds Fincap raises over $8.5 million funding from Lok Capital, Z47, ET BFSI
Non-banking financial company (NBFC) Seeds Fincap has raised over $8.5 million in a Series A funding round led by Lok Capital and Z47 (formerly Matrix Partners India).The funds will enable the Gurugram-based firm to expand its lending capabilities, enhance...
India gov’t to stick to February budget targets despite election rebuke, ET BFSI
By Vivek Mishra and Anant ChandakBENGALURU -The Indian government remains committed to upholding pre-election borrowing and spending targets in the July 23 budget, despite the ruling Bharatiya Janata Party (BJP) losing its majority in this year's national vote, a...
Siddhartha Sanyal of Bandhan Bank, ET BFSI
Siddhartha Sanyal, Chief Economist at Bandhan Bank, says, "Growth is improving, interestingly from the rural side where there was a lot of concern at some point of time, it looks like some of the indicators have started gradually improving. Globally, the concerns...
India & China to drive new wealth creation globally, Asia to contribute 30% of new wealth: Report, ET BFSI
India is well positioned to be a driver of greater wealth, says a global wealth report by Boston Consulting Group (BCG). In 2023, India has generated roughly USD 590 billion in new financial wealth, marking its largest increase in the history. India will add about USD...
Special counsel Jack Smith appeals dismissal of Trump classified documents case
Special Counsel Jack Smith makes a statement to reporters about the 37 federal charges returned by a grand jury in an indictment of former U.S. President Donald Trump on charges of unauthorized retention of classified documents and conspiracy to obstruct justice as...
Walmart’s stock climbs into record territory after new top bull says to keep buying
Shares of Walmart Inc. climbed into record territory Wednesday, after the discount retailer’s management did its job to convince investors of the strength of its business and growth initiatives.
AUD/USD: Market Stabilizes Amid Rate Cut Expectations
The Australian dollar has stabilized against the US dollar, currently trading around 0.6738. This follows a period of decline influenced by ongoing speculations regarding the US Federal Reserve’s impending policy actions. Expectations are set for the Fed to initiate...
Optimizing Parquet String Data Compression with RAPIDS
Jessie A Ellis Jul 17, 2024 17:53 Discover how to optimize encoding and compression for Parquet string data using RAPIDS, leading to significant performance improvements. Parquet writers offer various encoding...
Tech selloff has erased $1.1 trillion of ‘Magnificent Seven’ market cap in 5 days
The seven Big Tech companies collectively have shed more than $500 billion in market cap on Wednesday alone.
GBP Looks Stronger Than USD Thanks to Inflation
A batch of inflation statistics from the UK seems to have fuelled the Pound’s rally against the Dollar and Euro, which has been going strong since the beginning of the month. Consumer inflation remained at 2.0%, with the core index at 3.5% y/y. At the same time,...
5 of 12 Fed districts report flat or declining economic activity, Fed’s Beige Book finds
U.S. economic activity seemed to soften in the past two months, with five of the 12 Fed regions reporting flat or declining activity, a Federal Reserve survey released Wednesday found.
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2948; (P) 1.2965; (R1) 1.2992; More… GBP/USD’s rally resumed after brief consolidations and intraday bias is back on the upside. Current rise from 1.2298 should target 100% projection of 1.2298 to 1.2859 from 1.2612 at 1.3173, which is slightly...
NVIDIA Unveils Generative AI-Powered Visual AI Agents for Edge Deployment
Timothy Morano Jul 17, 2024 18:22 NVIDIA introduces Vision Language Models (VLMs) for dynamic video analysis, enhancing AI capabilities at the edge with Jetson Orin platform. An exciting breakthrough in AI...
T-bill and chill: Americans are holding a record $2.4 trillion in Treasurys
U.S. households own more Treasurys than ever before as investors have sought to profit from Federal Reserve interest-rate hikes.
Ex-Trump aide Peter Navarro to speak at RNC hours after leaving jail
Former Donald Trump adviser Peter Navarro holds a press conference before turning himself into a federal prison on March 19, 2024, in Miami, Florida. Joe Raedle | Getty ImagesPeter Navarro, the former Trump trade advisor who was convicted of defying a subpoena from...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0877; (P) 1.0900; (R1) 1.0916; More…. EUR/USD’s rally resumed after brief consolidations and intraday bias is back on the upside. Break of 1.0915 resistance should now extend the rise from 1.0601 to 100% projection of 1.0601 to 1.0915 from 1.0665...
People may be devouring $5 value meals, but such deals can hurt McDonald’s and other restaurants’ bottom lines, analyst says
As more chain restaurants offer discounts and deals to woo inflation-weary customers, a prominent industry expert is warning that they may soon pay a price in terms of their bottom lines.
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8922; (P) 0.8951; (R1) 0.8967; More… Intraday bias in USD/CHF is back on the downside as fall from 0.9049 resumed through 0.8914 temporary low. Deeper decline is expected to retest 0.8825 support next. Firm break there will resume whole fall from...
Rep. Adam Schiff calls on Biden to drop out of election contest, warns of losing Congress
Rep. Adam Schiff (D-CA) appears on "Meet the Press" in Washington D.C., Sunday July 7, 2024. William Plowman | Nbcuniversal | Getty ImagesCalifornia Democratic Rep. Adam Schiff on Wednesday urged President Joe Biden to exit the 2024 presidential election...
TASE upgrades and expands foreign currency clearing services
The Tel Aviv Stock Exchange Ltd (TASE:TASE) plans to upgrade and expand clearing services in foreign currency as part of its strategy of evolving the capital market in alignment with international standards. Expanding clearing services and adding settlement foreign...
Stocks do better when Congress is in recess — like now
Wall Street welcomes Washington’s summer break.
Emerging Trends in Human-AI Collaboration: A Glimpse into the Future
Terrill Dicki Jul 17, 2024 16:37 Exploring potential trends in human-AI collaboration, from AI-driven creativity to smart cities, as AI systems continue to advance. The collaboration and symbiotic relationship...
Bybit Integrates Fireblocks Off Exchange to Enhance Security for Institutional Traders
Rebeca Moen Jul 17, 2024 17:15 Bybit integrates Fireblocks Off Exchange, aiming to bolster security and transparency for institutional traders by mitigating counterparty risks. Bybit, the world's second-largest...
Kotak Mahindra Bank, ET BFSI
Kotak Mahindra Bank aims to be a full-service provider and not just a lender even as it is focusing on SME and mid-market segments for growth, a senior official said.“We want to grow sensibly. We do not want to be loan junkies. We want to give a loan and we also want...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 157.93; (P) 158.39; (R1) 158.88; More… USD/JPY’s fall from 161.94 resumed by breaking through 157.16 support and intraday bias is back on the downside. Current decline is seen as correcting whole rally from 140.25. Sustained trading below 55 D EMA...
Roche obesity-pill trial results weigh on shares of Eli Lilly, Novo Nordisk
Shares of weight-loss drug developers including Eli Lilly & Co., Novo Nordisk and Structure Therapeutics fell sharply early Wednesday after Roche Holding AG announced early-stage trial data for its experimental obesity pill.
Brokeree releases a major update for its Prop Pulse solution
In January 2024, Brokeree Solutions, an international technology provider for multi-asset brokers, released Prop Pulse – the first turnkey account-management solution for prop trading firms. Now, six months later, the technology provider announced a major update for...
Secret Service changes story on SWAT position
United States Secret Service Director Kimberly Cheatle speaks during a press conference at the Secret Service's Chicago Field Office on June 4 2024 in Chicago, Illinois, ahead of the 2024 Democratic and Republican National Conventions. Kamil Krzaczynski | Afp | Getty...
Moody’s affirms HDFC Bank’s credit ratings, maintains stable outlook, ET BFSI
Moody's Ratings on Tuesday said they have affirmed HDFC Bank Limited's Baa3 long-term deposit ratings and baa3 Baseline Credit Assessment (BCA). The rating agency also maintained the stable outlook on the lender. The affirmation of HDFC Bank's ratings with a stable...
Industrial production surges again amid high demand for air-conditioning during heat wave
Industrial production rose in June for the second month in row, driven by rising car sales and high demand for air-conditioning during a summer that has seen especially hot weather.
Sunset Market Commentary – Action Forex
Markets After last-week’s softer than expected US CPI data, global investors gained ever greater confidence that the Fed will embark for a genuine, protracted easing cycle soon. Yields turned south, especially at the short end of the (US) yield curve. The dollar faced...
Binance Expands Trading Pairs and Introduces New Trading Bots Services
Iris Coleman Jul 17, 2024 16:04 Binance announces new trading pairs BNX/TRY and ETH/ARS, along with new Trading Bots services for selected pairs starting July 18, 2024. Binance, a leading cryptocurrency...
Waller says Fed getting closer to cutting interest rates as inflation slows
Federal Reserve Gov. Christopher Waller said the central bank is “getting closer to the time when a cut” in interest rates is warranted, but he still wants more evidence that inflation is slowing before he’s ready to move.
Wolverhampton FC names Neo as new foreign currency exchange partner
English Premier League team Wolverhampton Wanderers Football Club, better known as the Wolves, have announced that they have teamed up with Neo, the cross-border payments and foreign exchange (FX) fintech, to become the club’s official foreign currency exchange...
Australian Dollar Eyes Employment Report
The Australian dollar is steady on Wednesday. AUD/USD is trading at 0.6743 early in the North American session, up 0.08% on the day. Australia releases the June employment report early on Thursday. The market estimate stands at 20 thousand, compared to 39.7 thousand...
Morgan Stanley’s profit jumps as investment banking recovers, BFSI News, ET BFSI
- Morgan Stanley's profit rose in the second quarter as investment banking activity rebounded.Net income rose to $3.1 billion, or $1.82 per share, in the three months ended June 30, the bank said on Tuesday. That compares with $2.2 billion, or $1.24 per share, a year...
The Mirage closes in Las Vegas to make way for Hard Rock Guitar Hotel
The volcano attraction in front of The Mirage Hotel & Casino erupts on July 16, 2024, in Las Vegas, Nevada. Hard Rock International (HRI) will close the resort on July 17, 2024, to begin a construction project to transform the property into the Hard Rock Hotel...
Biden nomination won’t be fast tracked, buys time for skeptics
US President Joe Biden departs from the White House for Las Vegas on July 15, 2024, in Washington, DC. United States.Celal Gunes | Anadolu | Getty ImagesThe Democratic National Committee said that any virtual roll call to officially nominate President Joe Biden as the...
U.S. stock market’s 2024 rally gets ‘healthier’ as breadth broadens and small-caps soar
The U.S. stock market’s breadth is improving, a positive sign for the momentum of the rally so far this year, according to BofA Global Research.
NVIDIA RTX’s AI-Powered Upscaling Revolutionizes Video Quality
Rongchai Wang Jul 17, 2024 15:20 Discover how NVIDIA RTX's AI-powered upscaling enhances video quality by de-artifacting and upscaling content to 4K, improving streaming experiences. The NVIDIA RTX platform is...
USD/JPY Outlook: Sharply Down, Markets Suspect Intervention
USDJPY was sharply down on Wednesday (down 1.3% during the European / early US session), with markets suspecting another intervention, after Japan’s authorities intervened in the market and pushed yen away from the lowest levels in nearly four decades.. Although...
GM to up production of high-output V8 SUV
2025 Cadillac Escalade V-Series SUVCadillacDETROIT — General Motors will increase production of its Cadillac Escalade V-Series performance model as part of updates to the flagship SUV for the 2025 model year.The new SUV features a standard 55-inch diagonal display...
US indices hit all-time highs. Inflation in New Zealand is slowing down :: InvestMacro
By JustMarketsStock indices closed higher on Tuesday, with the S&P 500 and Dow Jones Industrials setting new all-time highs. The Dow Jones Index (US30) gained 1.85%, while the S&P 500 Index (US500) rose by 0.64%. The NASDAQ Technology Index (US100) closed...
Lenders bank on special plans to raise retail deposits, ET BFSI
Mumbai: Indian lenders have intensified efforts to garner retail deposits through special plans that offer savers at least 25-30 basis points more than current commitments of comparable tenures, signalling policy interest rates will remain elevated for some time...
U.S. Bancorp, Citizens Financial shares rise as positive bank sentiment continues
Upbeat sentiment toward bank stocks continued Wednesday as U.S. Bancorp and Citizens Financial Group both rose on mostly positive quarterly results.
Fed’s Waller suggests rate cuts may be nearing
In a speech today, Fed Governor Christopher Waller stated that Fed is “getting closer” to the time when a cut in the policy rate is warranted. He noted that Q2 data on inflation and the labor market has moderated, suggesting that “progress toward...
Why Intel’s stock is bucking the semiconductor sector’s worst selloff since 2022
Intel and GlobalFoundries could benefit from potential semiconductor-industry restrictions on China and Taiwan.
TradingView expands its collection of chart patterns
TradingView is expanding its collection of automatic chart patterns via the addition of Cup and Handle and Inverted Cup and Handle. A Cup and Handle is a trend continuation pattern, which is a U-shaped trend correction — a cup and another smaller movement immediately...
Vitalik Buterin Discusses the Pros and Cons of Biometric Proof of Personhood
Lawrence Jengar Jul 17, 2024 14:35 Vitalik Buterin explores the complexities and potential benefits of decentralized biometric proof-of-personhood systems, touching on privacy, security, and centralization concerns. ...
NBFC Mirae Asset Financial Services Foray into Unsecured Personal Loan Segment, ET BFSI
BusinessWire IndiaMumbai (Maharashtra) [India], July 15: In a bid to capture the larger pie of India's credit growth story, Mirae Asset Financial Services, arm of Mirae Asset Group has launched personal loans for salaried employees across selected cities.The launch...
Bitfarms (BITF) CEO Ben Gagnon to Join H.C. Wainwright Fireside Chat
Iris Coleman Jul 17, 2024 14:11 Bitfarms' new CEO Ben Gagnon and CFO Jeff Lucas will participate in a virtual fireside chat hosted by H.C. Wainwright. The event will cover key insights into the company's operations and future...
This major Treasury market shift could signal serious pain ahead for stocks
An inverted Treasury yield curve is supposedly a harbinger of recession. Does this mean that, when the curve un-inverts, it is tantamount to the market sending the all-clear signal?
Market Stabilizes Amid Rate Cut Expectations :: InvestMacro
By RoboForex Analytical DepartmentThe Australian dollar has stabilized against the US dollar, currently trading around 0.6738. This follows a period of decline influenced by ongoing speculations regarding the US Federal Reserve’s impending policy actions. Expectations...
EUR/CHF Technical: Euro Underperformance Over Swiss Franc May Have Resumed
The recent 4-week rally of EUR/CHF from 19 June has started to show signs of exhaustion. The ongoing weakness of the France CAC 40 has triggered a negative feedback loop towards EUR/CHF. Watch the 0.9780 key short-term resistance on the EUR/CHF. The EUR/CHF cross pair...
Kotak Bank hopes to offset digital curbs with brick and mortar push, ET BFSI
Facing a ban on the digital onboarding of customers, private lender Kotak Mahindra Bank is pivoting its growth strategy and once again focusing on the expansion of its physical network.The private lender that had opened less than 350 branches in the last four years...
This small-cap stock-market rally is remarkably unusual. That’s why it has ‘further to run’
The rally for small-cap stocks over the past week is a historical and statistical outlier that marks a ‘dramatic’ shift in investor sentiment, says a widely followed Wall Street analyst.
Gala Games Hosts ‘Play with the Devs’ Event for Last Expedition on July 17
Luisa Crawford Jul 17, 2024 11:50 Join the Last Expedition team on July 17 at 5pm PT for a special 'Play with the Devs' event on Discord, hosted by Gala Games. Gala Games is inviting gamers to participate in a...
Bay, Iger to take controlling stake at $250 million value
Bob Iger, chief executive officer of The Walt Disney Co., and his wife attend Willow Bay the Allen & Company Sun Valley Conference on July 11, 2024 in Sun Valley, Idaho. Kevork Djansezian | Getty ImagesWillow Bay and Bob Iger will take a controlling stake in Angel...
Johnson & Johnson stock turns up after profit beat, while outlook was mixed
Johnson & Johnson’s stock climbed back into the green in early trading Wednesday, after the drugmaker beat second-quarter profit expectations but trimmed its full-year outlook.
Yen Jumps Amid Rumored Intervention; Pound Rises with Fading BoE Rate Cut Hopes
Yen surged significantly against all major currencies during European session, with speculation on whether Japan has intervened again in the markets. Last week, it was rumored that Japanese authorities had spent JPY 3.5 trillion to prop up Yen. Despite this, top...
SEC approves MIAX Sapphire’s application for registration as national securities exchange
Miami International Holdings, Inc. (MIH) today announced the Securities and Exchange Commission (SEC) has approved MIAX Sapphire LLC’s application for registration as a national securities exchange. MIAX Sapphire will be MIAX’s fourth national securities exchange for...
Revised financial statements of 2 IL&FS group firms submitted before NCLT, ET BFSI
New Delhi, Revised financial statements of two IL&FS group firms, IL&FS Transportation and IL&FS Financial Services, for the financial years 2013 to 2018 have been submitted before the National Company Law Tribunal (NCLT). A two-member bench of NCLT Mumbai...
‘She screamed and raged at me’: I have power of attorney for my mother’s $3 million estate — but my sister feels sidelined. How do I get her off my back?
“I want to act ethically and responsibly on behalf of our mother.”
Gold Shines at Fresh All-Time High
Gold ends sideways trajectory; enters uncharted territory Short-term bias positive but overbought signals suggest some caution A close above 2,480 might be necessary to boost buying confidence Gold bulls powered ahead to finally exit the three-month range and chart an...
Binance Unveils New Limited-Time Offers for Earn Wednesday
Terrill Dicki Jul 17, 2024 12:22 Binance introduces new limited-time offers for Earn Wednesday, including Simple Earn, ETH Staking, and Dual Investment products. Binance has announced the launch of new...
Siddhartha Sanyal of Bandhan Bank, ET BFSI
Siddhartha Sanyal, Chief Economist at Bandhan Bank, says, "Growth is improving, interestingly from the rural side where there was a lot of concern at some point of time, it looks like some of the indicators have started gradually improving. Globally, the concerns...
Dips on sticky inflation data :: InvestMacro
UK100 ↓ 1% post sticky CPI releaseProbability of BoE rate cut in August drops to 40%UK jobs data and retail sales in focusUK100 index coils up in a falling wedge patternKey levels of interest include 8208.4, 8279.0, 8120, and 8083FXTM’s UK100 declined on Wednesday...
Traders seek clues on likely pace of eurozone rate cuts
The European Central Bank is expected to stand pat on interest rates after its policy meeting on Thursday, emphasizing that it is prepared to be cautious in trimming borrowing costs further without more evidence that inflation will hit its 2% target.
Anthropic, Menlo Ventures launch $100 million Anthology Fund for AI
Anthropic and one of its biggest investors are taking a page from Apple's playbook.The artificial intelligence startup and Menlo Ventures are launching a $100 million fund on Wednesday to back early-stage startups, and get them using the AI company's technology. Menlo...
Gold loan companies want govt to grant eligible gold loan NBFCs with ‘priority sector status’, ET BFSI
Gold loan companies want the government to grant eligible gold loan NBFCs with ‘priority sector status' and to reduce the import duty on gold in the upcoming Union Budget.George Alexander Muthoot, managing director of Muthoot Finance said " We urge the government to...
GBP/USD Outlook: Cable Rises Above 1.3000 and Hits New 2024 High
Cable surged through psychological 1.30 barrier and hit its highest in one year on Wednesday, after hotter than expected UK June inflation data tempered expectations for first BoE rate cut in next month policy meeting. Fresh strength after a two-day pause for...
U.S. stocks are headed for their calmest stretch since 2007, by one measure. What that means for your portfolio.
An unusually tranquil stretch for U.S. stocks is poised for a new milestone on Wednesday just as the rally appears to finally be broadening out beyond a handful of megacap names.
UK’s Labour uses King’s speech to pledge planning, energy reform
King Charles III, wearing the Imperial State Crown and the Robe of State reads the King's Speech from the The Sovereign's Throne next to Queen Camilla, wearing the George IV State Diadem in the House of Lords chamber, in the Houses of Parliament on July 17, 2024 in...
Darwinex to stop offering CFDs to new retail Spanish clients
Darwinex is taking measures regarding CFD trading for new Spanish clients and/or residents in Spain starting from 31st July 2024. The Comisión Nacional del Mercado de Valores (CNMV) published a resolution with intervention measures in CFDs in July 2023. Since a large...
Fed’s Williams sees positive signs in inflation trend, awaiting more data
New York Fed President John Williams, in an interview with the Wall Street Journal, indicated that recent inflation readings over the past three months are “getting us closer to a disinflationary trend that we’re looking for,” noting these as “positive signs.”...
TezDev 2024: Highlights and Key Takeaways from Brussels
Joerg Hiller Jul 17, 2024 11:23 TezDev 2024 showcased Tezos' growth and innovation in Brussels with key highlights from Tezos X, Etherlink, Jstz, and more. The TezDev 2024 conference, held in Brussels during the...
State Bank of India launches Amrit Vrishti, a limited period FD with higher interest rate, ET BFSI
The State Bank of India (SBI) has launched a new term limited period deposit scheme known as "Amrit Vrishti", an FD scheme offering higher interest rates and catering to both domestic and non-resident Indian customers. The new scheme is effective from July 15,...
Nearly half of U.S. adults struggle to afford healthcare, research shows
Nearly half of U.S. adults are struggling to cover the cost of prescription drugs and doctor visits, new research shows, marking a new low for healthcare affordability.
Bitfinex Derivatives Launches Public Beta Integration with Thalex
Felix Pinkston Jul 17, 2024 10:57 Bitfinex Derivatives has announced the public beta integration with Thalex, enhancing account and asset management for users. Bitfinex Derivatives has announced the public beta...
Market Analysis: AUD/USD and NZD/USD Poised For Fresh Gains
AUD/USD is attempting a fresh increase from the 0.6715 support. NZD/USD is also rising and could target the 0.6090 resistance. Important Takeaways for AUD/USD and NZD/USD Analysis Today The Aussie Dollar found support at 0.6715 and recovered higher against the US...
Druckenmiller may have done it again, loading up on small caps before Great Rotation. Analysts say the move isn’t done.
The star investor seems to have correctly made a giant call.
HSBC appoints Georges Elhedery as Group Chief Executive
HSBC Holdings plc today announced that Georges Elhedery has been appointed as Group Chief Executive, with effect from 2 September 2024. Georges Elhedery joined HSBC in 2005 and was appointed to the Board and as Group Chief Financial Officer in January 2023. He...
Indian brokerage Angel One’s Q1 profit rises as orders jump, BFSI News, ET BFSI
BENGALURU - Indian brokerage Angel One reported a higher first-quarter profit on Monday, boosted by a surge in orders amid increased trading activity.Consolidated profit increased by 32.6% year-on-year to 2.93 billion rupees ($35.1 million) in the three months to June...
Hong Kong Proposes Regulatory Framework for Stablecoin Issuers
Lawrence Jengar Jul 17, 2024 10:36 The Hong Kong Monetary Authority and FSTB release consultation conclusions on a legislative proposal for stablecoin regulation. The Financial Services and the Treasury Bureau...
Vans parent VF Corp. sells Supreme skating brand to France’s EssilorLuxottica for $1.5 billion in cash
‘Strategic portfolio review concluded there are limited synergies between Supreme and VF, making a sale a natural next step,’ says CEO
Eurozone CPI finalized at 2.5% in Jun, core at 2.9%
Eurozone CPI was finalized at 2.5% yoy in June, down from May’s 2.6% yoy. CPI core (ex-energy, food, alcohol & tobacco) was finalized at 2.9% yoy, unchanged from prior month’s reading. The highest contribution to annual inflation rate came from services (+1.84...
Top 10 Deep Learning Frameworks
Artificial intelligence and machine learning have everything you would have imagined about technologies of the future. Within the span of a few years, AI and ML are not only accessible to every person with a computer and smartphone but also with some impressive...
Wells Fargo becomes latest clearing member to join LCH ForexClear
LCH ForexClear, an LSEG business, announces that US-based bank Wells Fargo has joined as a member and has processed its first NDF trade through the service. Wells Fargo is now able to benefit from ForexClear’s offering including comprehensive margin, liquidity and...
Cons PAT jumps 29% YoY to Rs 686 crore, ET BFSI
NBFC firm L&T Finance on Tuesday reported a 29 per cent rise in consolidated net profit to Rs 686 crore for the first quarter ended June 2024 on the back of healthy interest income. The non-banking financial company had posted a net profit of Rs 531 crore in the...
RBI asks banks to strengthen fraud detection and prevention framework, monitor transactions, ET BFSI
In a significant move to bolster fraud detection and prevention, the Reserve Bank of India (RBI) has mandated banks to implement a comprehensive framework for Early Warning Signals (EWS) and Red Flagging of Accounts (RFA). This framework is to be incorporated into the...
HSBC appoints current finance chief Georges Elhedery to CEO
The Lebanese born banker, who first joined HSBC in 2005, had been seen as the natural successor to Quinn who announced he would be stepping down in April
Global chip stocks from Nvidia to ASML fall as geopolitics, Trump weigh
Global chip stocks fell sharply, with ASML, Nvidia and TSMC posting declines amid reports of tighter export restrictions from the U.S. and a ramp-up of geopolitical tensions fuelled by comments from former U.S. President Donald Trump.ASML's Netherlands-listed shares...
Analysis of XAU/USD: Gold Price Sets Historical Record
As the XAU/USD chart shows, on 16th July, the gold price rose above $2460 for the first time in history. The bullish sentiment is driven by: → Anticipation of Fed rate cuts, as the appeal of non-yielding bullion generally increases in low-interest-rate environments. →...
What are mule accounts the RBI governor warned about?, ET BFSI
Reserve Bank of India (RBI) Governor Shaktikanta Das recently called on banks to intensify measures against ‘mule accounts.’ These accounts, used for laundering money and other illicit activities, are becoming a significant concern for the regulator.Mule accounts are...
Binance to Delist Multiple Spot Trading Pairs on July 19, 2024
James Ding Jul 17, 2024 09:50 Binance announces the removal of several spot trading pairs due to poor liquidity and trading volume, effective July 19, 2024. In a recent announcement, Binance, a leading global...
‘I’ve been locked in a battle to recoup my money’: My debit card was cloned and charged $2,300, but my bank insists my actual card was used. What can I do?
“At the time, I only had one family member in the state and they did not have access to the card.”
Sebi proposes provisions for summary proceedings in intermediaries rules, ET BFSI
Capital markets regulator Sebi on Tuesday proposed introducing provisions for "summary proceeding" in the intermediaries rules to handle certain violations of securities laws by intermediaries more swiftly and efficiently. In this regard, the Securities and Exchange...
Valereum collaborates with Antier on V-Wallet development
Valereum today announced it will collaborate with Antier, a blockchain consulting company, to develop the V-Wallet that will form part of VLRM Market’s ecosystem. VLRM Markets aims to launch the V-Wallet in 2024. The V-Wallet, a non-custodial solution, will be able to...
XAU/USD Outlook: Gold Hits New Record High
Gold hit new record high early Wednesday ($2482), following acceleration through former top on Tuesday (metal was up 1.9% for the day, the biggest daily gain since Dec 13). Break above previous all-time high ($2450) signaled an end of corrective phase ($2450/$2286)...
Indian banks have ‘special plans’ for offering higher deposit rates, ET BFSI
Mumbai: Indian lenders have intensified efforts to garner retail deposits through special plans that offer savers at least 25-30 basis points more than current commitments of comparable tenures, signalling policy interest rates will remain elevated for some time...
This stunning, beautifully designed Hudson Valley country estate could be yours for $22.5 million
The property sits on 127 acres rich with history and includes a historic and beautifully restored Dutch barn from the 17th century.
Amazon’s deal with AI startup Adept faces FTC scrutiny
The front desk of the Amazon office is pictured in New York, May 1, 2019.Carlo Allegri | ReutersThe Federal Trade Commission has launched an informal inquiry into Amazon's recently announced deal with AI startup Adept, CNBC has confirmed.The FTC is seeking more...
RBI may revisit ‘withdrawal of accommodation’ stance by September: SBI Research, ET BFSI
The Reserve Bank of India (RBI) may revisit its 'withdrawal of accommodation' policy stance in September following a drop in US inflation and domestic inflation localised to a few items, said SBI's research unit."With US inflation having declined by 0.1% from May,...
EURGBP Trades to a New 2024 Low
EURGBP drops to the lowest level since August 2022 Political unrest and weaker economic data keep the euro under pressure Momentum indicators could point to a reversal soon EURGBP is hovering around the lowest level since August 2022, having recorded a decent...
Govt should focus on big ticket divestments, fiscal deficit maybe reduced, says CareEdge Ratings, ET BFSI
The government's divestment plans have missed their targets for five consecutive years. The government is likely to stick to the FY25 target of miscellaneous capital receipts (includes divestment) of Rs 500 billion. However, achieving this target hinges on government...
Exclusive: Trive applies to cancel its UK FCA license
FNG Exclusive… FNG has learned that Retail FX and CFDs broker Trive has applied to cancel the FCA license of its UK subsidiary Trive Financial Services UK Limited, as the group prepares to depart the UK market. The move comes after Trive Financial Services UK Limited,...
Govt should focus on big ticket divestments, fiscal deficit maybe reduced, says CareEdge Ratings, ET BFSI
The government's divestment plans have missed their targets for five consecutive years. The government is likely to stick to the FY25 target of miscellaneous capital receipts (includes divestment) of Rs 500 billion. However, achieving this target hinges on government...
No, waiting to claim Social Security is not a ‘big con’ — even if a TikTok finfluencer says it is
Yes, sometimes it makes sense to claim at 62 — but there’s a catch.
Trump says Taiwan should pay the U.S. for defense; shares of TSMC fall
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 U.S. President Donald Trump, who is vying for another White House mandate, said he thinks Taiwan should...
Sei Creator Fund Concludes Successful Inaugural Round, Allocates $250,000
Rebeca Moen Jul 17, 2024 02:39 The Sei Creator Fund's first round, powered by Gitcoin Grants Stack, has concluded, distributing a $250,000 matching pool to 63 projects. The Sei Creator Fund has successfully...
Sebi mulls new asset class to fill gap between mutual fund, PMS, ET BFSI
Markets regulator Sebi on Tuesday proposed introducing a new asset class designed for high risk-risk profile investors that can bridge the gap between mutual funds and portfolio management services (PMS). In its consultation paper, the regulator suggested a minimum...
Trump shooting motive unknown after assassination attempt
Republican presidential nominee and former U.S. President Donald Trump walks during Day 1 of the Republican National Convention (RNC) at the Fiserv Forum in Milwaukee, Wisconsin, U.S., July 15, 2024.Andrew Kelly | ReutersThe motive of the 20-year-old gunman who tried...
RBI’s clear message to fintechs, BFSI News, ET BFSI
The Reserve Bank of India wants fintech startups to strictly follow the customer verification guidelines while onboarding new clients. Central bank officials conveyed this message to industry representatives during multiple meetings over the last couple of months.RBI...
Royal Caribbean leans into shorter cruises, more experiences
With consumers getting more selective on how and where they vacation, cruise lines are fighting for Americans' tourist budgets. Royal Caribbean thinks shortening trips and packing the days with activities and exclusive opportunities will keep customers hooked."I think...
GBPUSD Hits Fresh 1-Year High
GBPUSD jumps to fresh 1-year high after UK CPI surprises slightly higher Technical indicators point to overbought conditions following steep rally UK employment figures next on the agenda due on Thursday 06:00 GMT The UK CPI inflation data on Wednesday gave GBPUSD a...
Did Trump actually say he would let Powell serve out his full term? Look closely at his response
The former president shared his thoughts on the dollar and Jerome Powell in an interview with Bloomberg Businessweek.
Labour’s gains in London have private equity looking to exit country
A view of the Palace of Westminster with Big Ben a day before General Election, in London on July 3, 2024.Nurphoto | Nurphoto | Getty ImagesLONDON — With the British parliament back from recess, the UK's Labour Party will start working to push through aggressive...
FIS launches new Securities Finance Matching Platform in the UK
Financial technology company FIS (NYSE:FIS) has launched its new automated matching and execution platform for securities finance trades in the UK. The Securities Finance Matching Platform uses smart automated matching technology to facilitate secure, scalable and...
NVIDIA’s AI Agent Revolutionizes Supply Chain Optimization
Zach Anderson Jul 17, 2024 03:05 NVIDIA introduces an AI agent using cuOpt and NIM to tackle supply chain optimization challenges, enhancing decision-making and efficiency. Enterprises face significant...
WhiteOak Capital Asset Management appoints Nitin Shah as Group CFO, ET BFSI
Nitin Shah, Group Chief Financial Officer, White Oak CapitalWhiteOak Capital Asset Management on Tuesday announced the appointment of Nitin Shah as its Group Chief Financial Officer.Shah comes with 30 years of financial leadership experience, according to a...
These 10 transactions will be reported as fraud to RBI, as per new rules, ET BFSI
The Reserve Bank of India (RBI) has released revised rules on the Master Directions on Fraud Risk Management in commercial banks including regional rural banks and all India financial institutions.The RBI said in a circular dated July 16, 2024, “These master...
Expect ‘more of the same’ and here’s why FM Nirmala Sitharaman won’t rock the boat, ET BFSI
Why rock the boat? Nirmala Sitharaman faces this question in preparing the budget to be presented next Tuesday. When an economy has achieved remarkable GDP growth of 8.2%, becoming by far the fastest-growing major economy, is any change of course required? Why not...
Sitharaman participates in ‘halwa’ ceremony; marks final stage of Budget preparation, ET BFSI
NEW DELHI: Union finance minister Nirmala Sitharaman, along with minister of State Pankaj Chaudhary and secretaries, attended the 'halwa' ceremony marking the final stage in preparing the full Budget for the fiscal year 2024-25, at North Block in Delhi on Tuesday.The...
FX option expiries for 17 July 10am New York cut
There is just one to take note of, as highlighted in bold.That being for USD/JPY at the 158.50 level. It isn't one that holds any technical significance but could help to keep price action more contained before we get to US trading. That said, be wary of any surprises...
Traders trim Bank of England August rate cut chances after U.K. inflation data
The British pound rose on Wednesday as an August interest rate cut by the Bank of England was considered slightly less likely after U.K. inflation for June matched the central bank’s target but was a touch faster than economists’ forecasts.
ASML earnings report Q2 2024
ASML logo is seen at the headquarters in Veldhoven, Netherlands, June 16, 2023.Piroschka Van De Wouw | ReutersASML reported second-quarter earnings and sales that beat forecasts, as interest in artificial intelligence chips drives up demand for the Dutch firm's...
Spirit Airlines issues second-quarter loss warning
A Spirit Airlines aircraft undergoes operations in preparation for departure at the Austin-Bergstrom International Airport in Austin, Texas, on Feb. 12, 2024.Brandon Bell | Getty ImagesSpirit Airlines said Tuesday it would post a wider-than-expected loss for the last...
RNC 2024 Day 2 saw Haley, DeSantis, Rubio, Cruz bend the knee
Lara Trump urges Americans to 'remember what it was like' when Trump was presidentRepublican National Committee Co-Chair Lara Trump speaks on Day 2 of the Republican National Convention (RNC), at the Fiserv Forum in Milwaukee, Wisconsin, U.S., July 16, 2024. Brian...
Sterling Steady, Kiwi Rebounds, Gold Hits Record
Forex markets have been relatively subdued today. Sterling remains steady after June’s UK CPI data revealed that both headline and core inflation were unchanged from the previous month. Significantly, services inflation also failed to cool, which could keep BoE...
Sui Grants Program Announces First Cohort of RFP Awardees
Alvin Lang Jul 17, 2024 03:25 The Sui Grants program has selected its first cohort of RFP grant awardees, aiming to foster innovation within the Sui ecosystem. The Sui Grants program has announced the selection...
Inflation won’t fall to 2% but stocks should get a lift from a growing economy
Good news for the U.S. economy, plus this being a presidential election year, set the stage for higher equity prices.
House Democrats circulate letter asking DNC not to rush Biden nomination
US President Joe Biden walks out of the Oval Office towards Marine One on the South Lawn of the White House in Washington, DC, on July 15, 2024. Samuel Corum | Afp | Getty ImagesHouse Democrats are circulating a letter for signatures that urges the Democratic National...
Elon Musk says SpaceX and X headquarters moving to Texas, blames new CA trans student privacy law
US billionaire businessman and pilot Jared Isaacman flies in formation aboard a fighter jet over the SpaceX sign, close to the Starship spacecraft, before his third test flight from Starbase in Boca Chica, Texas, on March 13, 2024.Chandan Khanna | AFP | Getty...
US retail sales steady in Jun, ex-auto sales up 0.4% mom
US retail sales was steady mom at USD 704.3B in June, above expectation of -0.20% mom. Ex-auto sales rose 0.4% mom to USD 573.6B, above expectation of 0.1% mom. Ex-gasoline sales rose 0.2% mom to USD 652.4B. Ex-auto and gasoline sales rose 0.8% mom to USD 507.1B....
State of corruption: With conviction, Sen. Robert Menendez joins long list of scandal-scarred New Jersey politicians
New Jersey Sen. Robert Menendez’s conviction on corruption charges adds his name to a long list of disgraced politicians tarnished by scandals in the Garden State.
Understanding Layer 3s (L3s): The Next Evolution in Blockchain Scaling
Peter Zhang Jul 16, 2024 15:11 Layer 3s (L3s) represent a new frontier in blockchain technology, offering cost-effective, customizable solutions for developers to build on existing Layer 2 (L2) infrastructure. ...
