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Binance to Delist Multiple Spot Trading Pairs on July 12, 2024
Binance, a leading cryptocurrency exchange, has announced the removal of several spot trading pairs due to poor liquidity and trading volume. The delisting will take effect on July 12, 2024, at 03:00 UTC, according to a recent...
Company says Axis Bank refused to accept demonetised notes, Supreme Court issues notice, ET BFSI
NEW DELHI: One-and-a-half years after validating the Union govt's Nov 8, 2016, decision to demonetise Rs 1,000 and Rs 500 currency notes, SC has entertained a petition by a company which complained that Axis Bank had refused to accept demonetised notes worth Rs 3.2...
Carvana’s stock is up 2,700% over 18 months. Here’s the case for more upside.
Needham upgrades Carvana shares, saying the company is a “secular growth story with a cyclical-recovery kicker.”
Walmart to open five automated distribution centers
Automated distribution centers for Walmart grocery business.Courtesy: WalmartWalmart said Wednesday that it will open five automated distribution centers for fresh food across the country, as the retailer chases efficiency and its online grocery business grows.The...
Fear of missing out could spark a parabolic melt-up. This manager likes Nvidia and some non-tech plays.
Jim Worden, chief investment officer of the Wealth Consulting Group, is watching out for a lot of money to go rushing back into stocks, lifting all boats.
Fed Chair Explicitly Said He Didn’t Intend to Give Any Rate Timing Signals
Markets Fed Chair Powell before Congress yesterday reiterated that the US economy is coming into better balance. It made considerable progress toward the Fed’s 2% target. The labour market has cooled but remains strong. Even so, data still have to provide the MPC...
DTCC’s FICC introduces public-facing VaR calculator
The Depository Trust & Clearing Corporation (DTCC) today announced the launch of a new public-facing Value at Risk (VaR) calculator. The calculator provides market participants with the ability to evaluate potential margin and Clearing Fund obligations associated...
Margin squeeze to dent banks’ Q1 profits, loan growth may offer silver lining, ET BFSI
State-run and private sector banks may face modest earnings growth in the fiscal first quarter squeezed by pressures on net interest margin (NIM) mainly due to higher deposit costs. While compressed NIM can hurt profitability, this will be partially offset by loan...
Virgin Galactic’s stock rises as company completes manufacturing facility for new Delta spacecraft
Virgin Galactic says that commercial operations of its new Delta spacecraft will begin in 2026.
Binance Celebrates 7th Anniversary with 700 BNB Referral Rewards
In celebration of its 7th anniversary, Binance has launched an exclusive referral promotion, allowing users to share in 700 BNB worth of token vouchers. According to Binance, the promotion period runs from July 10, 2024, 08:00 (UTC) to...
Crypto Market Looks to Return to Growth
Market Picture According to the sentiment index, the cryptocurrency market remains in a state of fear at 28. Still, market capitalisation rose for the second day in a row as lower prices attracted buyers. Capitalisation rose 1.9% to $2.16 trillion, surpassing previous...
ASIC secures Court ruling against Firstmac for breaches of new design and distribution provisions
The Australian Federal Court today found that Firstmac Limited breached the new design and distribution provisions by failing to take reasonable steps that would have resulted in, or would have been reasonably likely to have resulted in, the distribution of one of its...
Honeywell to buy Air Products’ LNG business for $1.81 billion in cash in fourth deal of 2024
The deal will add a portfolio that includes in-house design and manufacturing of coil-wound heat exchangers and related equipment.
PNB introduces Safety Ring mechanism to enhance security for internet, mobile banking users, ET BFSI
State-owned Punjab National Bank (PNB) on Tuesday introduced a new security feature 'Safety Ring' within its internet banking system and mobile banking system in response to the increasing number of cyber frauds. This mechanism provides an additional safety layer to...
NATO leaders look to ‘Trump-proof’ the military alliance
Former U.S. president Donald Trump pictured during a meeting with NATO Secretary-General Jens Stoltenberg at Winfield House, London on Dec. 3, 2019.NICHOLAS KAMM | AFP | Getty ImagesAs NATO celebrates its 75th anniversary with a summit in Washington this week, the...
NZD/USD Outlook: Kiwi Dollar Down 1% on Dovish RBNZ
NZDUSD was sharply lower during Wednesday morning (down almost 1% for the session) deflated by the Reserve Bank of New Zealand’s dovish stance. The central bank left interest rates unchanged at 5.5%, as widely expected, but signaled that the door for possible rate cut...
Binance to Support Render (RNDR) Token Swap and Rebranding to Render (RENDER)
Binance, a leading cryptocurrency exchange, has announced its support for the Render (RNDR) token swap and rebranding to Render (RENDER). According to an official announcement, the transition will involve delisting existing RNDR spot...
Mortgage demand dips as rates stay at 7%. This is ‘the absolute best thing we can do for the housing market,’ Fed Chair Powell says.
Mortgage applications fell 0.2% in the last week, the Mortgage Bankers Association said.
Post-Halving Crypto Market Sentiment: Mixed Reactions Among Investors
Two months after the highly anticipated Bitcoin (BTC) Halving, the crypto market sentiment remains divided, according to a recent survey by CoinGecko. The survey, conducted between June 25 to July 8, 2024, highlights varying degrees of...
Nvidia becomes second most popular stock on eToro platform in Q2 2024
Retail investors continue to back Nvidia whilst simultaneously casting a wider net in the hunt for AI winners, according to the latest quarterly stocks data from online broker eToro. Among the most held stocks, Q2 saw another significant shift in the rankings, with...
Analysis of NZD/USD: “Kiwi” Sharply Fell After Central Bank’s Decision
The Reserve Bank of New Zealand (RBNZ) kept the interest rate unchanged at 5.5% on Wednesday. The decision to maintain the interest rate was anticipated. However, market participants noted a shift in the tone of the RBNZ’s official statements. In May, the bank...
BofA downgrades HDFC Bank, cuts target price after 20% rally from Feb-lows, ET BFSI
Following a 20% rally in shares of HDFC Bank on the back of value buying and optimism around the likely increase in MSCI weightage, global brokerage firm BofA has downgraded the private sector lender to neutral from buy and also reduced the target price to Rs 1,830...
Will FM extend old regime benefits to new tax regime?, ET BFSI
The new income tax regime, also known as the concessional tax regime, offers lower tax rates for individual taxpayers compared to the old tax regime. Starting from FY 2023-24, this new regime has become the default option if no tax regime is selected by the...
Norwegian maker of missiles and marine equipment reports profit boom
Shares of Kongsberg Gruppen rallied on Wednesday as the Norwegian maker of defense systems and marine equipment said it benefited both from increased defense spending and the green energy transition.
USDJPY Reapproaches Multi-Year Highs – Action Forex
USDJPY edges higher after the pullback from 38-year high pauses The risk of a Japanese intervention is active at current levels Momentum indicators provide overbought signals USDJPY experienced a minor setback from its 38-year high of 161.95, which quickly came to a...
Interactive Brokers adds conditional orders to IBKR Mobile app
Electronic trading major Interactive Brokers has enhanced the IBKR Mobile app for Android-based devices. Conditional orders automatically submit or cancel your order if your defined criteria are met. Set conditions on price, change %, volume, margin cushion, another...
Immigration surge has bolstered economy, generated little inflation, regional Fed bank finds
A wave of immigration has bolstered the economy while generating little inflation, a new report from a regional Fed bank finds.
Directive on interest to hit bank, NBFC profitability in Q1, ET BFSI
MUMBAI: Banks and non-bank financing companies are likely to report a dip in their profitability in the June quarter due to the impact of the Reserve Bank of India (RBI) directive on charging interest on loans only from the date of actual disbursement.Lenders...
Gold shines! RBI adds $5.6 billion in gold reserves in April-June quarter; value of reserve gold up $3.8 billion, ET BFSI
India’s Forex Reserves: The Reserve Bank of India (RBI) saw a significant increase in its gold reserves during the April-June quarter, accounting for 69 percent of the total reserves pile-up. The central bank benefited from both increased gold purchases and valuation...
Binance Expands Loanable Assets for Flexible Rate and VIP Loan Services
Binance, a leading cryptocurrency exchange, has announced the addition of new loanable assets to its Binance Loans (Flexible Rate) and VIP Loan services. This strategic move aims to provide users with more options and flexibility in their...
NZDUSD Tumbles After RBNZ’s Decision
NZDUSD finds support at 200-day SMA Prices have been heading lower over the last month Stochastics and RSI keep downside move NZDUSD is posting notable losses after the RBNZ’s policy decision to leave interest rates unchanged at 5.5%. The pair is pausing its decline...
Official employment data masks India’s jobs problem, say economists, ET BFSI
India's growing employment stems largely from self-employed individuals, unpaid workers and temporary farm hires, whose jobs are not equivalent to formal positions with regular wages, private sector economists said on Wednesday.The comments follow labour department...
‘I’m not jealous — just genuinely curious’: How can a woman work from home and mind her 3-year-old child at the same time?
“What do you all think about employees who work from home and have little kids to watch at the same time?”
RBI dy guv, ET BFSI
Mumbai: The banking sector, which is at a decadal high in terms of financial parameters, is all set to support the growth of the Indian economy, Reserve Bank deputy governor Swaminathan J said on Tuesday. Addressing a conference of statutory auditors and chief...
Equals receives improved proposal from Railsr, TowerBrook
Equals Group plc (LON:EQLS) today provided an update on the review of its strategic options. The Board of Equals confirms that it has received an improved indicative non-binding proposal from the consortium comprising Embedded Finance Limited (“Railsr”) and TowerBrook...
This new RBI rule can lower loan costs for you; comparison of home loan charges of SBI, HDFC Bank, ICICI Bank, PNB, Kotak Mahindra Bank, ET BFSI
The Reserve Bank of India released the Fair Practices Code guidelines a few months ago, requiring all lenders to charge interest from the date of actual disbursement of funds to the customer, following an annual inspection that revealed instances of lenders engaging...
What are Bias and Variance in Machine Learning?
Machine learning deserves more scrutiny than ever due to the growing adoption of ML applications. The development and assessment of ML models have become more complex with the use of larger datasets, new learning requirements, innovative algorithms, and diverse...
‘Wholly unique’: This midcentury marvel in L.A., an architectural riddle, floats on to the market for $2.3 million
The 1960 home built on what had been deemed an unbuildable hillside is a testament to ingenuity, engineering, and architecture.
Is It Time for Gold to Emerge Above Key Resistance?
Gold trades higher, but withing a broader sideways range RSI and MACD imply strengthening upside momentum A break above 2388 could add to the bullish case A dip below 2340 may allow declines within the range Gold is moving higher today, after hitting support near the...
Binance Schedules Wallet Maintenance, Suspends Deposits and Withdrawals Temporarily
Binance, one of the world's largest cryptocurrency exchanges, has announced a scheduled wallet maintenance on July 17, 2024, starting at 07:00 UTC. According to Binance, the maintenance is expected to last for approximately one hour....
CFOs, auditors must follow regulations in letter and spirit says RBI, ET BFSI
Chief financial officers (CFOs) of financial institutions must guard against any misadventure or intelligent interpretation of regulations or accounting standards, deputy governor Swaminathan J said in his remarks at the conference of CFOs and statutory auditors...
Suspected carjacker shot by home of Supreme Court Justice Sonia Sotomayor
Supreme Court Justice Sonia Sotomayor speaks during a service for retired Supreme Court Justice Sandra Day O'Connor in the Great Hall at the Supreme Court in Washington, D.C., on Dec. 18, 2023.Jacquelyn Martin | Getty ImagesA deputy U.S. Marshal tasked with protecting...
Finance Commission sets up advisory panel, BFSI News, ET BFSI
The 16th Finance Commission has set up a five-member advisory council comprising economists D K Srivastava, Neelkanth Mishra, Poonam Gupta, Pranjul Bhandari and Rahul Bajoria. Gupta will be the convenor of the panel that will assist the Finance Commission headed by...
TSMC outstrips forecasts in posting 40% surge in second quarter sales
The Taiwanese chipmaker has seen its sales buoyed by the race to develop new AI infrastructure
Finepoint Capital seeks to dismiss Deutsche Bank’s complaint regarding Lehman’s bankruptcy estate claims
Less than a month after Deutsche Bank filed a complaint against Finepoint Capital regarding Lehman Brothers’ bankruptcy estate claims, the defendants have made it clear they intend to challenge the complaint. In a letter submitted at the New York Southern District...
ESG financing in India ahead of target, says DBS, ET BFSI
Mumbai: DBS Bank, which had planned 60% growth this year for its one billion Singapore dollar Environmental Social and Governance (ESG) finance book in India is far ahead of that target, with the country featuring in the top three markets for the foreign lender, a top...
Gold Prices Rise Amid Anticipation of Fed Rate Cut
Gold prices continue to experience an upward trend, reaching 2368 USD per troy ounce, fuelled by growing market anticipation of a potential rate cut by the US Federal Reserve. As investors focus on upcoming US inflation data, gold remains a focal point of investment...
Expert panel to meet on July 15, discuss steps to lower risks in derivatives market, ET BFSI
An expert panel of the Securities and Exchange Board of India (Sebi) will meet early next week to discuss various measures to lower risks in the equity derivatives market, said two people familiar with the development. "The only agenda of the secondary market advisory...
LegalZoom’s stock slides as company cuts sales outlook, announces new CEO
LegalZoom said now is the right time for the move as it “increases its focus on shifting towards subscription-based revenue to drive long-term profitable growth.”
Microsoft drops its observer seat on OpenAI board
Jaap Arriens | Nurphoto | Getty ImagesMicrosoft said that it would give up its observer seat on the OpenAI board amid regulatory scrutiny into generative artificial intelligence in Europe and the U.S.Microsoft's Deputy General Counsel Keith Dolliver wrote a letter to...
First Ariane 6 launch of European rocket
This photograph shows the takeoff of the European Space Agency satellite launcher Ariane 6 rocket from its launch pad, at the Guiana Space Centre in Kourou, French Guiana, on July 9, 2024.Jody Amiet | AFP | Getty ImagesThe powerful European-built Ariane 6 rocket made...
Biden announces NATO aid for Ukraine, as reelection campaign teeters
U.S. President Joe Biden speaks at a NATO event to commemorate the 75th anniversary of the alliance, in Washington, U.S., July 9, 2024.Yves Herman | ReutersPresident Joe Biden announced new commitments to help Ukraine bolster its air defense against Russia in a speech...
NZD Tumbles on RBNZ Rate Cut Hints; Markets Largely Ignore Fed’s Powell
New Zealand Dollar plunged sharply after RBNZ’s more dovish than expected statement caught the market off guard. RBNZ’s indication of potential future rate cuts was unexpected, even though it’s not a hint on an imminent move. The central bank’s timing of this shift in...
Treasure Tapper: Revolutionizing Web3 Adoption Through Gamification
Treasure Tapper is making waves in the web3 space, leveraging the power of gamification to onboard users en masse, according to Gala News. Since its launch just over a week ago, the game has already attracted more than 500,000 users....
Broadridge adds values-based investing tool into advisor platform
Broadridge Financial Solutions, Inc. (NYSE:BR) has made a strategic enhancement to its Wealth Aggregation and Insights platform that will help financial advisors develop greater portfolio personalization aligned with their clients’ core values. Broadridge has...
Q2 2024 Crypto Market Review: Bitcoin Halving and Ethereum Activity Surge
In the second quarter of 2024, the cryptocurrency market experienced significant events, including the latest Bitcoin halving and unprecedented activity on the Ethereum network, according to Bitwise Investments. Market Performance...
NBFCs set to post tepid results in Q1 on poll, heatwave disruptions, ET BFSI
Non-banking financial companies (NBFCs) are likely to experience a slowdown in disbursements during the April-June period due to prolonged electoral activities and disruptions caused by extreme heatwaves. Despite this temporary setback, the long-term outlook for the...
RBI DG Swaminathan, ET BFSI
">"The fourth and most critical line of assurance for a Regulator is the bank’s Statutory Auditors," noted RBI DG Swaminathan JTransparency is the key, and by sharing comprehensive and accurate data, CFOs not only facilitate a smoother audit and supervision process...
RBI DG Rao, ET BFSI
">"External audit is an indispensable component of a robust regulatory framework," stated RBI Deputy Governor, M Rajeshwar RaoThe statutory auditors play a significant role in maintaining stakeholder confidence in audited financial statements, which is particularly...
FX option expiries for 10 July 10am New York cut
There are a couple to take note of, as highlighted in bold.The first ones are for EUR/USD at 1.0770-75. However, the expiries do not hold much technical significance with key support still seen at around 1.0795-00 currently. That coincides with the confluence of the...
China consumer inflation stays tepid, factory-gate prices continue to fall
Wednesday’s figures came as no surprise for many economists, who expect inflation to stay low throughout the year as a drawn-out property slump continues to dent consumer confidence and spending.
Senators seek special counsel probe of Supreme Court Justice Clarence Thomas
Associate Justice Clarence Thomas during the formal group photograph at the Supreme Court in Washington, DC, US, on Friday, Oct. 7, 2022.Eric Lee | Bloomberg | Getty ImagesTwo Democratic Senate committee leaders asked the Justice Department to appoint a special...
Crypto Bargain-Hunters Are Back – Action Forex
Market picture Bargain hunters are showing themselves in full force in crypto. Cryptocurrency market capitalisation rose 3.6% in 24 hours to $2.11 trillion, climbing back to the top of the range of the past five days. It will take the market to rise another 2% before...
Why home prices are still rising even as inventory recovers
Anyone out shopping for a home today knows there is still precious little for sale.The housing market is just beginning to come out of its leanest few years in history. Inventory of both new and existing homes is finally rising, but there is something suddenly strange...
Yes Bank stake sale report is factually incorrect, got no approval from RBI: Bank clarifies, ET BFSI
Calling a media report 'factually incorrect', private lender Yes Bank on Tuesday clarified in a stock exchange clarification that it hasn't received any in-principle approval from the Reserve Bank of India for a stake sale.Earlier today, Mint reported that the RBI...
Buy this healthcare company’s stock because it’s an AI play, analysts say
A number of Wall Street analysts on Tuesday made bullish calls on the shares of a newly public healthcare company that uses artificial intelligence to differentiate itself in the cancer-diagnostics space.
Binance Updates Zero-Fee Trading for TUSD Spot and Margin Pairs
Binance, one of the leading cryptocurrency exchanges, has announced updates to its Zero Maker Fee Trading policy for TrueUSD (TUSD) spot and margin trading pairs. The changes will take effect on July 16, 2024, at 00:00 UTC, according to...
XAU/USD Analysis: Gold Price Falls from Six-Week High
As shown by the XAU/USD chart, on Friday, 5 July, the price of gold rose above the $2390 level for the first time since 22 May. According to Reuters, this increase occurred following the release of key US employment data, which indicated a softening labour market,...
Hopes for cooling inflation are stifled by Wall Street’s expectations for Trump 2.0
Just as many investors and traders remain sanguine about the prospects of cooling U.S. inflation when Thursday’s consumer-price index for June comes out, Wall Street is pointing to the potential inflationary impacts of a second presidency under Republican Donald...
New Jersey Democratic power broker pleads not guilty to state racketeering charges
New Jersey businessman and co-owner of The Philadelphia Inquirer, George Norcross walks to Judge Patricia McInerney's courtroom at City Hall in Philadelphia. Matt Rourke | APThe New Jersey Democratic power broker charged with racketeering by the state attorney general...
Rupee flat; state-run banks’ dollar sales support as Asian peers slip, ET BFSI
By Jaspreet KalraMUMBAI - The Indian rupee was largely flat in early trading on Tuesday as mild dollar sales from state-run banks supported the currency even as most of its Asian peers slipped.The rupee was at 83.4775 against the U.S. dollar as of 10:10 a.m. IST,...
DAX Elliott Wave: Buying the Dips at the Blue Box Area
Hello fellow traders. In this article we’re going to take a quick look at the Elliott Wave charts of DAX published in members area of the website. As our members know DAX is showing impulsive bullish sequences and we are keep favoring the long side. Recently we got a...
As Hurricane Beryl makes ‘explosive start’ to hurricane season, these disaster-recovery stocks are in the spotlight
Hurricane Beryl, which made landfall on the Texas coast Monday, is the first hurricane of what is expected to be an above-normal Atlantic hurricane season.
Company to cut 10% of workforce
Daniel Dines, Co-founder & CEO at UiPath addresses the audience during the third day of the Web Summit 2021 at Parque das Nacoes in Lisbon. Bruno de Carvalho | SOPA Images | Lightrocket | Getty ImagesUiPath, a developer of automation software, is cutting 10% of...
Digital Art Mile Shines at Art Basel 2024
The Digital Art Mile at Art Basel 2024 showcased the evolving presence and acceptance of digital art, featuring contributions from notable artists and platforms. According to Tezos Spotlight, this satellite event, supported by the Tezos...
DBS CEO says bank hunting for bolt-on deals, not game-changing ones, ET BFSI
(Rewrites story, leading on M&A comments)By Sameer Manekar and Una GalaniSINGAPORE, - DBS Group is looking for bolt-on acquisitions that would support its geographic and business strategy but has ruled out making a major buy to save itself from distraction, Piyush...
Some Airbnb users feel like its rating system is wildly inaccurate. Here’s why.
Human psychology means that Airbnb users often leave reviews that don’t necessarily accurately reflect their experience.
GBP/USD Outlook: Bulls Pause ahead of Powell
Cable is holding within a narrow range under new multi-week high during European trading on Tuesday, as markets await today’s key event – the testimony of Fed Chair Powell. Long upper shadow of Monday’s daily candle and overbought conditions on daily chart suggest...
Tesla’s stock continues to cruise — toward its 10th day in a row of gains
The stock has increased by more than 40% over the current 10-session stretch of gains.
Exclusive: Trading.com/FXDD alum Lubo Kaneti joins SparkMarkets as CEO
FNG Exclusive… FNG has learned that longtime FX and CFDs industry senior executive Lubomir (Lubo) Kaneti has joined broker solutions provider SparkMarkets, as the company’s new Chief Executive Officer (CEO). SparkMarkets is a New York based SAAS and technology...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0802; (P) 1.0824; (R1) 1.0845; More…. Intraday bias in EUR/USD remains neutral for consolidations below 1.0844 temporary top. Further rally is in favor as long as 55 4H EMA (now at 1.0783) holds. On the upside, above 1.0844 will resume the rebound...
Bulk of rise in forex reserves in Q1 due to gold, BFSI News, ET BFSI
Gold accounted for 69 percent of reserves pile-up for the Reserve Bank of India during the April-June quarter benefitting from both volumes in terms of gold purchases and valuation gains due to price rise.Reserve Bank of India added $5.6 billion to its stock of...
Oracle and Palantir Collaborate to Enhance Cloud and AI Capabilities
Oracle and Palantir have entered into a collaboration to enhance cloud and artificial intelligence (AI) capabilities. According to oracle.com, Palantir’s Foundry Platform and Artificial Intelligence Platform (AIP) are now certified on...
‘I’m waiting for them to pay us to eat’: Fast-food chains are now offering items for as low as $1.99
Sonic and Subway have recently launched menu options in the $2 to $3 range.
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2785; (P) 1.2815; (R1) 1.2838; More… Intraday bias in GBP/USD remains neutral for consolidation below 1.2845. Further rally is expected as long as 55 4H EMA (now at 1.2743) holds. Firm break of 1.2859 will resume the rally from 1.2298 and target...
Gold-i integrates with digital asset exchange Bullish enhancing crypto liquidity
Bullish, one of the fastest-growing, regulated digital asset exchanges, has announced its integration with market-leading trading technology provider, Gold-i. The integration enables mutual customers of Bullish and Gold-i to seamlessly access Bullish exchange’s unique...
Chainalysis’ Jackie Burns Koven Discusses Blockchain Security on Accel Spotlight Podcast
In a special episode of the Public Key podcast, Jackie Burns Koven, Head of Cyber Threat Intelligence at Chainalysis, shared her insights on blockchain security and the evolving threat landscape with Amit Kumar, Partner at Accel,...
Bandhan Bank launches products to facilitate international trade, ET BFSI
Kolkata, Private lender Bandhan Bank on Tuesday said it has launched an array of products to facilitate international trade. The bank said in a statement that the products have been designed to streamline various aspects of global trade by catering both to importers...
Boeing’s Q2 airplane deliveries dropped more than 30% from last year
Boeing reported second-quarter commercial airplane deliveries that improved from the previous quarter, helped by a strong June, but fell more than 30% from a year ago.
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8954; (P) 0.8966; (R1) 0.8987; More… Intraday bias in USD/CHF stays neutral for the moment. As noted before, rebound from 0.8825 could have completed at 0.9049, after rejection by falling channel resistance. Below 0.8942 will bring deeper fall to...
Goldsky Integrates IOTA EVM, Enhancing Data Accessibility and Real-Time Analytics
Goldsky has announced its successful integration with IOTA's Ethereum Virtual Machine (EVM), a move set to revolutionize data accessibility and real-time analytics for developers working within the IOTA ecosystem, according to the IOTA...
‘Crash proof’ your portfolio with these 10 stocks and 3 ETFs
Hedging against a market downturn comes at a price.
Voting rights of TriumphFX shareholder Chong Chun Hseung suspended by CySEC
Cyprus financial regulator The Cyprus Securities and Exchange Commission (CySEC) has announced that it has decided to extend the suspension of voting rights attached to the shares of the company Shine Trades (CY) Limited (formerly known as Triumph Int. (Cyprus) Ltd)...
Investors shift to Singapore after Indian central bank’s curbs on local rupee futures, ET BFSI
By Nimesh VoraMUMBAI, - The jump in open interest on rupee/dollar currency futures on the Singapore Exchange indicates that investors are shifting their arbitrage and hedging activity to the city-state after the Indian central bank imposed restrictions on local...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 160.28; (P) 160.84; (R1) 161.35; More… Intraday bias in USD/JPY stays neutral at this point. Further rally is expected with 160.25 minor support intact. On the upside, break of 161.94 temporary top will resume larger up trend to 61.8% projection of...
Is my boss a narcissist? Watch out for warning signs that say: ‘I don’t care what happens to these people’
Ramani Durvasula, author of “It’s Not You: Identifying and Healing from Narcissistic People,” says some industries attract more narcissists than others. Is yours one of them?
Democrats hold meetings on Biden campaign after Trump debate
President Joe Biden returns to the White House, July 7, 2024.Kevin Dietsch | Getty ImagesHouse Democrats convened at their national party headquarters in Washington on Tuesday for a pivotal closed-door meeting, as members weigh whether to continue backing President...
Canada’s CSA warns of pump-and-dump social media investment groups
The Canadian Securities Administrators (CSA) has issued a warning about fraudulent “investment groups” promoted on social media like Facebook and Instagram. These groups could be running a scam called a “pump and dump.” How the scam works: Scammers use social media to...
Amazon Prime Day will have more travel deals this year. Here are the good ones — and the ‘terrible’ ones.
Amazon Prime Day, which runs July 16 – 17, will have a landing page for travel deals.
Till when can you use your Citibank credit card post migration?, ET BFSI
Axis Bank has informed that the migration of Citibank credit cards to Axis Bank credit cards will be completed by July 15, 2024. This is as per migration FAQs available on the Axis Bank website. After the migration is finished, which is on or before July 15, 2024,...
Tether (USDT) Collaborates with Vietnam Blockchain Association to Boost Blockchain and AI Education
Tether Operations Limited, the prominent entity in the digital asset industry, has announced a strategic partnership with the Vietnam Blockchain Association (VBA) aimed at advancing blockchain and artificial intelligence (AI) education in...
Euro Shrugs as Investor Confidence Tumbles
The euro is showing little movement on Tuesday. EUR/USD is trading at 1.0819, up 0.05% on the day. The eurozone Sentix Investor Confidence index resumed its losing ways on Monday. The index slid to -7.3 in July, after a 0.3 gain in June. Prior to the June reading, the...
Non-alcoholic beer maker Athletic Brewing raises $50 million
Company founder Bill Shufelt (left) and head brewer John Walker pause at the Athletic Brewing’s non-alcoholic brewery and production plant on March 20, 2019 in Stratford, Connecticut. Spencer Platt | Getty ImagesLeading non-alcoholic brewer Athletic Brewing Company...
Silicon Valley Bank buyer First Citizens seen as value play among bigger firms
Jefferies initiates coverage of North Carolina-based lender with a buy rating
Putin hosts India’s PM to deepen ties, but Ukraine looms over their relationship
Indian Prime Minister Narendra Modi met President Vladimir Putin in Moscow on Tuesday, seeking to deepen the relationship between the two nuclear powers at a time when NATO leaders gathered in Washington and Russia launched deadly missile attacks in Ukraine that hit a...
NZD Edges Lower Ahead of RBNZ Decision
The New Zealand dollar is steady on Tuesday. NZD/USD is trading at 0.6115, down 0.16% in the European session at the time of writing. The New Zealand dollar looked sharp last week against the slumping US dollar, climbing 0.88%. Reserve Bank expected to hold rates...
CLS updates on impact to CLSSettlement following move to T+1 for securities settlement in the US
CLS today issued an update on the impact to CLSSettlement following the T+1 implementation in the US securities market on 28 May 2024. Throughout June, CLS monitored CLSSettlement average daily settlement values and volumes and confirms there has been no decrease in...
Neo Asset Management appoints Neeraj Sanghi as MD, BFSI News, ET BFSI
New Delhi, Neeraj Sanghi has joined Neo Asset Management as managing director and operating partner to lead infrastructure operations and build-out of Neo's infrastructure platforms. Sanghi was CEO of Highway Concessions One (HC1) -- a road platform originally owned...
Oil prices edge lower after Beryl leaves energy infrastructure largely unscathed
Oil futures lost ground Tuesday after Hurricane Beryl appeared to leave Texas energy infrastructure with little damage.
Financial Inclusion Index reaches 64.2, India’s progress towards complete financial inclusion: RBI, ET BFSI
The Reserve Bank of India, on Tuesday, released its Financial Inclusion Index for FY24, which stands at 64.2, up from 60.1 in March 2023.“Improvement in the FI-Index is mainly contributed by the Usage dimension, reflecting deepening of financial inclusion,” said RBI...
Tezos Introduces Jstz: Empowering Blockchain Development with JavaScript
Tezos is set to revolutionize blockchain development with the introduction of Jstz, a Smart Rollup powered by JavaScript. According to Tezos Spotlight, this innovative step aims to lower the barriers for developers entering the blockchain...
Fed’s Powell highlights risks beyond elevated inflation
In his prepared remarks for the semiannual testimony to Congress, Fed Chair Jerome Powell reiterated that it is not appropriate to cut interest rate until there is “greater confidence” that inflation is moving sustainably toward 2%. Nevertheless, He noted that recent...
Software company UiPath announces layoff of 400 employees
The move may include up to $25 million in expenses.
HSBC teams up with Visa to develop Zing international money app
Visa (NYSE:V) and HSBC (LON:HSBA) today announced the technological collaboration in support of HSBC Group’s new international payments app, Zing. Zing enables users to hold funds in over 10 different currencies, send over 30 currencies, transact in over 200 countries...
Gravitics lands $125 million order from Axiom
A pathfinder for Gravitics' 4-meter space station module design in use for developing manufacturing and assembly methods.GraviticsWashington-based startup Gravitics has signed a $125 million contract to expand Axiom Space's planned space station, the latest deal in...
Securitisation volumes grow 17% to Rs 45,000 crore in Q1 as bank originations gather pace, ET BFSI
Securitisation volume rose to Rs 45,000 crore in the first quarter of the current fiscal, marking a 17% on-year, like-to-like growth (adjusted for the exit of a large HFC and regulatory measures on gold loan securitisation). Over 95 originators, including NBFCs and...
Circle’s Euro-Backed Stablecoin EURC to Launch on Base
Circle, a leading global financial technology firm, has announced the upcoming launch of its euro-backed stablecoin, EURC, on the Base network. This marks the first euro-backed stablecoin to be introduced on the Base platform, aiming to...
Sunset Market Commentary – Action Forex
Markets European markets were captured in an indecisive trading pattern yesterday, in the wake of the surprise win of the left alliance in the French elections. Spreads of France (and other peripheral EMU countries) initially tightened marginally as none of the...
Novo Nordisk’s stock slumps after study finds Wegovy lags Lilly’s Mounjaro in speed and scale of weight loss
The stock of Danish biotech Novo Nordisk was down 2.2% Tuesday, after a study found that the company’s obesity drug Wegovy lags its main rival, Eli Lilly & Co. Inc.’s Mounjaro, in speed and magnitude of weight loss.
Web3 Artist Push Discusses NFTs, Culture SZN, and the Power of Love
Culture SZN Wave 1 has sparked a surge of NFT art, mints, and connections within the web3 ecosystem, featuring artists like Crazy Gang, Mostafa Nassar, Wizards of Linea, Knights of Linea, Efrogs, and Push. This month-long event aims to...
Oil declines amid prospects of an agreement between Israel and Hamas. Powell will address the US Congress today :: InvestMacro
By JustMarketsOn Monday, the Dow Jones (US30) decreased by 0.08%, while the S&P 500 (US500) added 0.10%. The NASDAQ Technology Index (US100) closed positive 0.28%. Strengthening chip stocks on Monday led technology stocks higher and boosted the overall...
Many HDFC Bank services to be down for almost 14 hours on July 13, ET BFSI
HDFC Bank is conducting a system upgrade on Saturday, July 13, 2024, to upgrade and enhance customers' banking experience by improving performance speed, expanding capacity for high traffic and boosting overall reliability.HDFC Bank increases loan interest rates by up...
Markets Await Fed Powell’s Insights, RBNZ on Deck
As US session kicks off, Dollar is trading mildly higher, with traders eagerly anticipating Fed Chair Jerome Powell’s two-day semiannual testimony before Congress. The key questions looming over the markets are whether the Fed will initiate interest rate cuts in...
Moody’s appoints Durga Bhavani as Managing Director and Head of India GCC, ET BFSI
Moody’s, on Tuesday announced the appointment of Durga Bhavani as the new Managing Director and Head of its India Global Capability Center (GCC).This move places Durga at the helm of Moody’s operations in India, where she will lead the execution of GCC strategy and...
Prescription-drug middlemen face more pressure from FTC in new report
The Federal Trade Commission on Tuesday ramped up the pressure on prescription-drug middlemen who influence the accessibility and affordability of medications.
Why Schwab’s stock is getting new respect from Wall Street analysts
KBW joins the ranks of analysts who see banks benefitting from a Fed rate cut.
Australian Dollar Drifting After Mixed Confidence Data
The Australian dollar continues to show little movement this week. AUD/USD is trading at 0.6638 in the European session, up 0.02% on the day. Australia released mixed confidence indicators earlier today while there are no US economic releases. Federal Reserve Chair...
SEC obtains final judgment against investment adviser charged with running fraudulent investment scheme
The Securities and Exchange Commission (SEC) has obtained a final judgment against Evarist C. Amah, an investment adviser, who was previously charged with operating a fraudulent investment scheme. On August 9, 2021, the Commission charged Amah for running a years-long...
LIC Mutual Fund appoints Nikhil Rungta as Co-Chief Investment Officer–Equity, ET BFSI
LIC Mutual Fund appointed Nikhil Rungta as co-chief investment officer – equity (Co-CIO) starting June 19, 2024. The fund informed unitholders of this change through a notice-cum-addendum.Nikhil Rungta has over 16 years of experience in the equity and capital markets...
First District Court Hears Cases Against 18 Defendants in Social Media Ramp-and-Dump Scandal
The First District Court has commenced hearings for 18 defendants implicated in three high-profile social media ramp-and-dump schemes, according to apps.sfc.hk. These hearings mark a significant step in addressing the growing issue of...
RBI to send strict ‘zero tolerance’ message to banks’ bosses, BFSI News, ET BFSI
Mumbai: The Reserve Bank of India (RBI) will meet the chief financial officers (CFOs) and external auditors of commercial banks on Tuesday to send across a message of zero tolerance towards compliance and regulatory lapses, said people aware of the matter.The people...
India’s employment rises to 6% in FY24, highest since 1982: RBI data, ET BFSI
India's employment sector showed robust growth in the fiscal year 2023-24, according to the Reserve Bank of India (RBI)'s latest data. The employment growth rate surged to 6%, a significant rise from 3.2% in the previous fiscal year. This marks the highest employment...
Koss’s stock set for another day of losses after spiking on rumors of interest from Roaring Kitty
Koss shares continued their slide in premarket trades Tuesday.
Etsy escaping ‘race to the bottom’ and getting back to artisan roots
Josh Silverman, CEO of Etsy.Adam Jeffery | CNBCWhen Etsy launched almost two decades ago, the site attracted artisans and craft makers, who finally had a place online where they could sell their niche products and reach a large audience. But in recent years, Etsy has...
Gold Technical: Further Drift Down in 10-year UST Real Yield Supports Bullish Narrative in Gold
Recent rebound in WTI crude has remained below US$90/barrel which in turn led to a softening of inflationary expectations via the breakeven rates. A further downward drift in the 10-year US breakeven rate may a further drop in the 10-year US Treasury real yield. Lower...
EUR/USD Holds Firm Amid Weakening Dollar and Rate Cut Expectations :: InvestMacro
By RoboForex Analytical DepartmentThe EUR/USD pair is maintaining its position close to a multi-week high of 1.0829, benefitting from the weakening US dollar following a disappointing June US employment market report. Market anticipation is now building ahead of an...
Sebi puts SK Finance’s Rs 2,200-cr IPO in abeyance, BFSI News, ET BFSI
Capital markets regulator Sebi has kept in 'abeyance' the proposed initial share sale of vehicle finance and business loan-focused non-bank lender SK Finance. Without disclosing the reason, Securities and Exchange Board of India (Sebi) said "issuance of observations...
Helen of Troy’s stock rocked as hair-care weakness leads to big earnings miss
Helen of Troy’s stock plummeted toward a record one-day selloff, after the consumer products company reported a big fiscal first-quarter earnings miss and slashed its full-year outlook, amid particular weakness in its beauty and wellness business.
Pound Preparing for Bullish Breakout
GBPUSD is trading near 1.28, which has acted as an area of resistance in the pair since last December. At the same time, the range of fluctuations of the pound is narrowing, as since October, the downside impulses have become less and less deep, with the price...
Binance Updates Leverage and Margin Tiers for Multiple USDⓈ-M Perpetual Contracts
Binance Futures has announced updates to the leverage and margin tiers for several USDⓈ-M perpetual contracts, including RNDRUSDT, ZROUSDT, ZKUSDT, and LISTAUSDT. The new tiers took effect on July 9, 2024, at 06:30 (UTC), according to...
EXIM Bank enters into $2.5 million Line of Credit agreement with Guyana, ET BFSI
The Export-Import Bank of India (EXIM Bank) has entered into an agreement with the government of Guyana to provide a line of credit worth $2.5 million for the installation of a solar photo voltaic power plant, the Reserve Bank of India said on Monday.While the deal...
Investors are bracing for an action-packed week in markets. Here is what to watch for.
Investors better buckle up, because markets could be in for a wild week.
OANDA, GAIN Capital hold “short and unfruitful” settlement talks in FX patent infringement lawsuit
Forex brokers OANDA and GAIN Capital have submitted a joint status letter at the New Jersey District Court. The document, seen by FX News Group, concerns a Forex patent lawsuit, in which OANDA accuses GAIN of infringing its patents. The letter says that, while the...
Many HDFC Bank services to be down for almost 14 hours on July 13, ET BFSI
HDFC Bank is conducting a system upgrade on Saturday, July 13, 2024, to upgrade and enhance customers' banking experience by improving performance speed, expanding capacity for high traffic and boosting overall reliability.HDFC Bank increases loan interest rates by up...
ECB’s Panetta backs gradual rate cuts amid stabilizing inflation
ECB Governing Council member Fabio Panetta indicated today the “reduction of official rates could proceed gradually”, in line with the return of inflation towards the ECB’s target. Speaking to bankers in Rome, Panetta emphasized that as long as macroeconomic trends...
A ‘triple-whammy’ threat is building for U.S. stock investors, strategist warns
U.S. stock investors face three big threats: “overvaluation on over-euphoria, misunderstanding the economic reality, and the political aspect,” argues strategist Bill Blain.
HKMA and SFC Endorse PBoC’s New Margin Collateral Measure for Northbound Swap Connect
The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) have expressed their support for the People’s Bank of China (PBoC)'s recent announcement aimed at offshore investors. Effective from July 9, 2024,...
WordSmith Enhances Legal AI Operations with LangSmith Integration
WordSmith, an AI assistant tailored for in-house legal teams, has integrated LangSmith into its operations to enhance the lifecycle of its product, according to LangChain Blog. This integration spans from prototyping to debugging and...
Clearstream launches Collateral Insights Dashboard to optimise collateral management
Clearstream has launched a new data-driven solution to simplify and optimise collateral management: the Collateral Insights Dashboard. The Collateral Insights Dashboard eliminates the challenges of scattered data and manual processes. It provides clients with...
SBI Capital Markets, ET BFSI
Industry credit has grown at a CAGR (compound annual growth rate) of 5 per cent in the past five fiscals, slower than overall bank credit of CAGR 10 per cent.Credit growth in the Indian banking sector is expected to exceed nominal GDP growth in the current financial...
‘I made a very stupid mistake’: I spent $50,000 renovating my fiancé’s kitchen prior to buying a 50% share of his home. Now he’s going back on his word.
“My house sold for $337,000 within one day and it was mortgage-free.”
Equity MF inflows cross Rs 40,000 crore mark in June, debt outflows above Rs 1 lakh crore, ET BFSI
In June, inflows into equity mutual funds rose 17% to Rs 40,608 crore, up from Rs 34,697 crore in May, with more than half of the inflows coming from sectoral/thematic funds.Sectoral/thematic funds saw a 16% increase in inflows, reaching Rs 22,351 crore. Meanwhile,...
WTI Outlook: Correction Should Find Firm Supports at $80 Zone
WTI oil price is easing for the third day, correcting lower from new multi-week high ($84.50, the highest since mid-Apr). Bulls lost traction after milder than expected impact of the hurricane on oil installations in the Gulf of Mexico, eased concerns about supply...
Biden faces crucial test at upcoming NATO summit, former diplomat says
The stakes are high for the NATO alliance as the organization's 75th anniversary summit gets underway in Washington this week.Particular focus will be on U.S. President Joe Biden amid widespread concerns about his age and mental fitness for the presidential race...
The Future of Web3 Gaming
Web3 gaming has painted a favorable picture for the future of the gaming industry. It is reasonable to think about the future of web3 gaming as it may transform the way we perceive gaming. Web3 introduces the promise of decentralization and transparency with immersive...
Tesla’s the latest example of options underpricing the possibility of big moves
Tesla shares surged last week when it released surprisingly strong delivery figures — so much so that it was nearly twice as large as its straddle cost.
EUR/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 173.54; (P) 174.08; (R1) 174.65; More… Intraday bias in EUR/JPY remains neutral for the moment. On the upside, firm break of 174.50 will resume the larger up trend and target 138.2% projection of 164.01 to 170.87 from 167.52 at 177.00. On the...
CySEC to conduct thematic review of how investment firms handle uninvested funds
The Cyprus Securities and Exchange Commission (CySEC) is launching a thematic review regarding the handling of uninvested funds held by Cyprus investment firms (CIFs) on behalf of their (potential) clients, including the payment of interest or returns on these...
RBI cancels licenses of 2 NBFCs for breach of rules, BFSI News, ET BFSI
The RBI on Monday announced that it has cancelled the licenses of two non-banking financial companies (NBFCs) for violating its guidelines. The NBFCs include Polytex India Ltd, based in Mumbai, and Finserv India Ltd which operates out of Banjara Hills in Hyderabad.The...
India sees 33% annual surge in diversity hiring, driven by BFSI and IT Sectors, ET BFSI
Overall hiring activity has witnessed a 12% yearly increase (June 2024 vs June 2023) and a slight 2% monthly rise (June 2024 vs May 2024) , with the overall hiring index rising from 295 in May 2024 to 302 in June 2024India has seen a 33% year-on-year surge in...
Startale Expands Team to Advance Decentralized Web3 Vision
Startale, a leading player in the blockchain and web3 space, is on an ambitious mission to build an internet owned by everyone. To achieve this vision, the company is expanding its team, according to astar.network. Our Goal “Unleashing...
Sorry, but retiring ‘comfortably’ on $100K is a myth for most people. Here’s why.
There are a lot of ifs involved in just being “okay” at that savings level too.
GBP/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 205.28; (P) 205.98; (R1) 206.66; More… Intraday bias in GBP/JPY is turned neutral with loss of momentum as seen in 4H MACD. On the upside, sustained break of 100% projection of 191.34 to 200.72 from 197.18 at 206.56 will target 138.2% projection at...
RNC panel adopts Trump-backed platform on entitlement cuts, abortion
The Republican Party's platform committee on Monday adopted a plank drafted by aides to Donald Trump, whose new language softens the GOP's prior stances on marriage and abortion while rattling off a series of utopian economic promises.Among those are vows to "end...
Tennis star Caroline Wozniacki and David Lee just sold this Miami Beach island penthouse for a whopping $37 million
The building is on an elite island, accessible only to residents, which once included the likes of Oprah Winfrey.
FCA considers wider use of criminal background checks on owners and controllers of financial institutions
The Financial Action Task Force (FATF) has recommended that the UK Financial Conduct Authority (FCA) consider the wider use of criminal background checks on owners and controllers of financial institutions. This recommendation is aimed at ensuring that criminals and...
Lenders face NIM pressure, rising credit costs, ET BFSI
In the April-June 2024 quarter, analysts predict a moderate decline of 10-15 basis points (bps) in net interest margins (NIM), a crucial profitability metric. HDFC Bank and YES Bank are set to kick off the reporting period on July 20 with their Q1 results. Concerns...
EURJPY Moves Beneath Its Lifetime High of 174.60
EURJPY struggles to jump above its recent high Momentum oscillators look overstretched EURJPY skyrocketed to a fresh multi-year high of 174.60 in the previous week but is currently hovering slightly below this level, with the technical oscillators suggesting an...
Budget FY25 should focus on tax relief to boost consumption: India Inc, ET BFSI
New Delhi, The Union Budget FY25 should focus on offering relief to taxpayers, especially in the lower income brackets, to stimulate consumption, industry players suggested. Finance Minister Nirmala Sitharaman is scheduled to present the full Budget for fiscal 2024-25...
BP joins Exxon in saying weak refining margins will hit second-quarter profits
The British oil major said it expects to take a $500 million to $700 million hit from weak refining margins in the second quarter of 2024
Julia Leung Delivers Keynote at Bond Connect Anniversary Summit 2024
Julia Leung, the Chief Executive Officer of the Securities and Futures Commission (SFC), delivered the keynote address at the Bond Connect Anniversary Summit 2024, according to apps.sfc.hk. The event marked a significant milestone in the...
Joe Biden fundraising signs of weakness appear post debate
U.S. President Joe Biden boards Air Force One at Dover Air Force Base in Dover, Delaware, U.S., June 20, 2024. Amanda Andrade-rhoades | ReutersPresident Joe Biden's fundraising operation started showing cracks in its once formidable armor, almost 10 days after his...
FairXchange releases Sentinel AI-driven alerting to enhance FX liquidity data analytics
Financial data analytics firm FairXchange has announced that it has launched Horizon Sentinel, an AI-driven alerting tool that identifies commercially relevant changes to a Financial Institution’s liquidity and counterparty activity as soon as they occur. Sentinel...
Retailers call out rampant fraud, press no on easy EMIs for phones, ET BFSI
New Delhi: Mobile phone retailers have called for scrapping of the popular financing schemes that allow individuals to purchase products without any down payment, saying 10-12% of all such purchases were fraudulent. These frauds, they said, result in financial losses...
GBPUSD Advances Towards 2024 Highs
GBPUSD rebounds from its 50-day SMA The price jumps to its highest since June 12 Momentum indicators are tilted to the upside GBPUSD has been slowly gaining ground following its bounce off the 50-day simple moving average (SMA) in late June. Moreover, the pair has...
Debt-saddled Thames Water says it has enough money until the end of May
Thames Water Utilities said it has enough money to fund its operations for less than one year, and reported an increase in net debt.
San Francisco’s real estate slide continues as office vacancies peak
Artificial intelligence has been a big boon for San Francisco real estate. But not enough of one to make up for the broader struggle across the market.The vacancy rate for San Francisco office space reached a fresh record of 34.5% in the second quarter, according to a...
Clarification of PSB divestments; expedition of IBC cases expected, says SBI Report, ET BFSI
A clarification is expected from the government on IDBI bank stake sale and further clarifications on PSB divestments, revealed a latest report by the State Bank of India.As banks are in good condition, Government should take stance on disinvestment of public sector...
Labour min rebuts Citigroup’s research report on employment in India, ET BFSI
New Delhi, The labour ministry on Monday rebutted a recent report by Citigroup which forecast that India will struggle to create sufficient employment opportunities even with a 7 per cent growth rate. The ministry in a statement said the report "fails to account for...
FX option expiries for 9 July 10am New York cut
There are just two to really take note of on the day, as highlighted in bold.They are both for EUR/USD at the 1.0800 and 1.0875 levels. The former is arguably the one with more interest, as it lines up near the key daily moving averages. The technical significance...
Raw rolling-papers founder Josh Kesselman’s quest: An IPO that doesn’t kill the company’s vibe
Inventive entrepreneur figuring out how to sell shares of Raw to its avid customer base without diluting its brand.
Stolen crypto doubled to $1.38 billion in the first half of 2024: TRM Labs
Filip Radwanski | Sopa Images | Lightrocket | Getty ImagesHackers more than doubled their cryptocurrency spoils in the first half of 2024 compared with a year ago, a report from blockchain research firm TRM Labs showed.The report said $1.38 billion worth of crypto was...
Iran’s new reformist president Masoud Pezeshkian faces steep challenges
Newly-elected Iranian President Masoud Pezeshkian visits to the shrine of the Islamic Republic's founder Ayatollah Ruhollah Khomeini in Tehran, Iran on July 06, 2024.Fatemeh Bahrami | Anadolu | Getty ImagesIran on Friday elected its first "reformist" president in 20...
Dollar Recovers Ahead of Powell’s Testimony; Market Awaits Clues on Rate Cuts
Dollar is recovering mildly overnight, as traders prepare for Fed Chair Jerome Powell’s highly anticipated two-day Congressional testimony. Powell is scheduled to address the Senate today and the House tomorrow. Fed’s latest dot plot suggests median expectation of...
SFC and HKMA Endorse PBoC’s New Measure on Northbound Swap Connect
The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) have expressed their support for the People's Bank of China's (PBoC) newly introduced measure concerning the Northbound Swap Connect margin collateral...
OTC Clear to accept China govt bonds as collateral for Swap Connect
Hong Kong Exchanges and Clearing Limited (HKEX) today welcomed the announcement from the People’s Bank of China to allow China Government Bonds and Policy Financial Bonds, held by international investors through Bond Connect, as collateral for Northbound Swap Connect....
BitMEX Transfers Bitcoin Insurance Fund to New Wallet Addresses
BitMEX, a leading cryptocurrency exchange, has successfully relocated its Bitcoin Insurance Fund to new wallet addresses, according to an announcement on its official blog. The transfer involved moving the remaining Bitcoin (BTC) from...
Piramal Finance plans up to $500 million debut dollar-bond issue, ET BFSI
India’s Piramal Capital and Housing Finance is planning its maiden dollar-bond sale as tighter regulations by the nation’s central bank stifle domestic funding sources for shadow lenders, according to people familiar with the matter.Billionaire Ajay Piramal’s firm is...
RBI to hand-deliver a message of zero tolerance on lapses, BFSI News, ET BFSI
Mumbai: The Reserve Bank of India (RBI) will meet the chief financial officers (CFOs) and external auditors of commercial banks on Tuesday to send across a message of zero tolerance towards compliance and regulatory lapses, said people aware of the matter.The people...
‘History has been made.’ Why promises by Trump, GOP platform to defend crypto are a big deal for the industry.
In a move that could significantly impact the future of digital assets, the Republican Party has included language in its 2024 platform promising to defend cryptocurrency.
News of the Week (July 8—12): NZDUSD Detailed Analysis!
The NZDUSD pair, often called the “Kiwi,” refers to the exchange rate between the New Zealand dollar and the US dollar and is an important indicator for understanding the economic relationship between New Zealand and the United States. The New Zealand dollar is...
Chandra Shekhar Ghosh likely to be Bandhan Group’s executive head, ET BFSI
Kolkata: Bandhan Bank founder Chandra Shekhar Ghosh is likely to get an executive role in Bandhan Financial Services, which is the promoter of Bandhan Financial Holding and Bandhan Bank. Ghosh, who will retire from the bank on July 9 as managing director, will oversee...
Amazon announces new $79 Echo Spot alarm clock
Amazon on Monday announced a new $79 Echo Spot alarm clock with a revamped design and improved audio quality.The company added a display where users can check the time, weather or see what song is playing. Amazon also put a better speaker in the front of the device....
Solana (SOL) ETF: Opportunities and Challenges in the Financial Market
VanEck and 21Shares, two prominent financial firms, have recently stirred the cryptocurrency community with their proposal to launch an Exchange Traded Fund (ETF) for Solana (SOL), a cryptocurrency renowned for its high transaction speed...
This tennis player has made $170,000 so far this year. She’ll make at least $474,000 more this week at Wimbledon.
Lulu Sun had to play in the qualifying tournament to make it into the main draw.
EUR/USD Gains Ground Despite French Election Shocker
The euro has started the week with gains and is trading at 1.0836 in the European session, up 0.33% on the day. EUR/USD is coming off its best week of the year, gaining 1.19%. France veers to the left in Round 2 France has been on a political roller over the past two...
Corning stock up 12% as AI boom drives stronger-than-expected demand
Corning shares are up more than 12% Monday after the company raised its second-quarter guidance, setting it on track for its best trading day since March 2020.The company, known for developing the Gorilla Glass used for Apple iPhones and other phones, credits the...
Bandhan Bank appoints Ratan Kumar Kesh as interim MD and CEO, BFSI News, ET BFSI
Kesh's appointment as Interim MD & CEO is subject to the approval of the Shareholders of the bank, it addedNew Delhi: Private sector Bandhan Bank on Saturday said its board has approved the appointment of Ratan Kumar Kesh as interim MD and CEO from July 10, a day...
Bond funds on record pace after raking in nearly $400 billion in first half of 2024
Investors are pouring into fixed-income funds as interest-rate cuts by global central banks begin.
Oil Price Update – Oil Prices Fall as Gaza Talks and Hurricane Beryl Take Center Stage
Geopolitical events and weather disruptions are currently the main drivers of oil price fluctuations. OPEC+ production cuts have contributed to tighter oil markets, supporting prices. Can it continue? Technical analysis suggests key support and resistance levels to...
I’m 65 and five years away from retiring. Is it worth paying an investment adviser a fee to manage my $1.5 million nest egg?
“They recommend shifting to a 70/30 mix since I plan to work until I’m 70.”
Taiko Launches DeFi Challenge in Trailblazers Campaign
Taiko, a prominent player in the blockchain space, has announced the fourth installment of its Trailblazers campaign, dubbed the Trail 4 challenge. This initiative, set to run from July 8th to July 21st, 2024, invites participants to...
Private sector banks in India lead market cap surge; Axis Bank shines with 20.9 pc growth: S&P GCI, ET BFSI
New Delhi [India], July 8 (ANI): India's private sector banks have emerged as significant gainers in market capitalization over the last quarter, with Axis Bank Ltd. stood out with 20.9 per cent rise in market capitalization, reaching 3.911 trillion rupees, according...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2773; (P) 1.2796; (R1) 1.2837; More… Intraday bias in GBP/USD remains on the upside as rally from 1.2612 is in progress for retesting 1.2859 resistance. Firm break there will resume the rally from 1.2298 and target 61.8% projection of 1.2298 to...
The stock market’s breadth may have already peaked. Here’s why a 20% drawdown could follow.
A few large-cap tech companies continue to drive up the S&P 500, and one strategist believes a significant drawdown for U.S. stocks could be on the way.
Why theater owners are worried
The Paramount Studios in Los Angeles on April 29, 2024.Eric Thayer | Bloomberg | Getty ImagesMore consolidation, more problems — that's the latest fear gripping the theatrical industry.After a monthslong negotiation process, Paramount and Skydance have struck a merger...
HDFC Bank increases loan interest rates by up to 10 basis points; loan EMIs to rise further, ET BFSI
HDFC Bank has increased its marginal cost of funds-based lending rates (MCLR), according to its official website on July 8, 2024. The bank has increased the lending rates by up to 10 basis points (bps) on certain tenures. HDFC Bank MCLR interest rates will now range...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 160.28; (P) 160.84; (R1) 161.35; More… Range trading continues in USD/JPY and intraday bias stays neutral. Further rally is expected with 160.25 minor support intact. On the upside, break of 161.94 temporary top will resume larger up trend to 61.8%...
UBS leans into Bank of America ahead of micro-focused bank earnings
UBS analysts on Monday called Bank of America the “most interesting money center,” as major banks approach second-quarter earnings season later this week.
Chainalysis Welcomes Emmanuel Marot as New VP of Product
Chainalysis, a leading blockchain data platform, has announced the appointment of Emmanuel Marot as its new Vice President of Product. Marot joins the company amidst a rapidly evolving crypto ecosystem, where his expertise is expected to...
Streaming alliances top of mind
Drew Angerer | Getty ImagesMedia and technology titans will convene in Sun Valley this week to lay the groundwork for the future of streaming — and for potential alliances.Allen & Co.'s annual conference, often referred to as "summer camp for billionaires," kicks...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8939; (P) 0.8973; (R1) 0.8992; More… Intraday bias in USD/CHF remains on the downside for the moment. Rebound from 0.8825 could have completed at 0.9049, after rejection by falling channel resistance. Also, fall from 0.9223 is not completed yet....
US commits to bolstering financial connectivity in Pacific, BFSI News, ET BFSI
BRISBANE: The United States is committed to bolstering "financial connectivity, investment, and integration," a senior US Treasury told a Pacific Banking meeting in Brisbane Monday where financial institutions and government officials are meeting to try to improve the...
Your stocks don’t care about the overall economy. These 2 gauges matter more.
Stock investors emphasize interest-rate trends and investor sentiment.
Edward Tilly joins Clear Street as President
Clear Street, a financial technology firm on a mission to modernize the brokerage ecosystem, today welcomes Edward Tilly to the firm as President. Edward Tilly joins Clear Street after a successful decade-long tenure as Chief Executive Officer at CBOE Global Markets,...
Bitcoin (BTC) Nears Potential Local Bottom Amid Market Volatility, Reports Bitfinex Alpha
Bitcoin (BTC) prices dropped below their 120-day range on July 3rd, reaching $53,219, as the market reacted to fears of potential selling by both the German government and Mt. Gox creditors, according to Bitfinex Alpha. However, recent...
Bandhan Bank appoints Ratan Kumar Kesh as interim MD and CEO, BFSI News, ET BFSI
Kesh's appointment as Interim MD & CEO is subject to the approval of the Shareholders of the bank, it addedNew Delhi: Private sector Bandhan Bank on Saturday said its board has approved the appointment of Ratan Kumar Kesh as interim MD and CEO from July 10, a day...
Boeing to plead guilty to criminal fraud charge stemming from 737 Max crashes
Rescuers work at the scene of an Ethiopian Airlines flight crash near Bishoftu, or Debre Zeit, south of Addis Ababa, Ethiopia, Monday, March 11, 2019.Mulugeta Ayene | ReutersBoeing has agreed to plead guilty to criminal fraud tied to the fatal 737 Max crashes, a...
HilleVax’s stock craters after biotech says it’s scrapping a norovirus vaccine for infants after a failed trial
HilleVax Inc.’s stock cratered 89% early Monday, after the biotech said it would discontinue development of a vaccine against norovirus for infants after a trial missed its main goals.
Sunset Market Commentary – Action Forex
Markets Yesterday’s second round in the French parliamentary elections resulted in a hung parliament, be it in a totally different setup than polls suggested. Le Pen’s Rassemblement National (RN) unexpectedly finished third, securing 143 seats. Macron’s centrists...
BC.GAME Announces the Partnership with Leicester City and New $BC Token!
The leading iGaming platform BC.GAME has secured a significant partnership with English Premier League Club Leicester City Football Club, becoming the club’s “Official Principal Partner” in a multi-year deal. Moreover, in alignment with this...
Waabi Leverages Generative AI for Fully Driverless Autonomous Trucking
Waabi, a Toronto-based startup, is making significant strides in the autonomous vehicle (AV) sector by harnessing the power of generative AI to deliver fully driverless solutions, particularly targeting the long-haul trucking industry,...
NFA orders Rimar Capital and its principal Itai Royi Liptz to withdraw from NFA membership
The US National Futures Association (NFA) has ordered Rimar Capital LLC, an NFA Member commodity trading advisor located in Burlingame, California, and Itai Royi Liptz, an associated person (AP) and a principal of Rimar Capital, and an NFA Associate to withdraw from,...
Dealmaker DAM Capital Advisors plans public issue, ET BFSI
Mumbai: Boutique Indian dealmaker DAM Capital Advisors is considering a public float, demonstrating Mumbai's rapid emergence as a top investment-banking hub that's feeding the massive funding appetite in Asia's third-largest economy through numerous public issues,...
What to expect in Budget FY25, BFSI News, ET BFSI
As Finance Minister Nirmala Sitharaman prepares to present her Budget this month, the focus will be on crucial decisions impacting the banking and insurance sectors. Key reforms and regulatory adjustments are anticipated, reflecting the government's continued efforts...
Airline stocks gain as daily travelers top 3 million, exceeding 2019 high
The airline sector traded mostly higher Monday, after data showed there were more travelers at the end of the July 4 weekend than on any day last year or in 2019.
Walmart, Chipotle criticized over prices
When Walmart announced earlier this summer that it would add digital shelf labels to more of its stores, the discounter said the move would cut another tedious task from store workers' to-do lists.Customers didn't necessarily see it that way. On TikTok, some...
USDJPY Finds Strong Support at Key Fibo Zone
USDJPY hits key Fibo retracement level But momentum indicators still point to weakness A break above 161.35 could pave the way towards 161.65 A slide below 160.35 may invite more bears USDJPY traded higher today after it triggered some buy orders near the 160.35...
S&P 500 rally is ‘unusually strong’ in 2024. Here’s why stocks may keep rising.
The U.S. stock market’s rally is facing a test that begins this week with company earnings.
Germany owns $2 billion in bitcoin (BTC). It’s freaking out investors
Bitcoin has also been under selling pressure from the German government as well as collapsed bitcoin exchange Mt. Gox.Cfoto | Future Publishing | Getty ImagesFor weeks now, Germany's government has been selling hundreds of millions of dollars worth of bitcoin — and...
Prop firm Smart Prop Trader delisted from Propfirmmatch for delayed payouts
Prop trading comparison site Propfirmmatch.com has announced that US based retail prop trading firm Smart Prop Trader has been delisted from its site. According to a tweet on X (formerly Twitter) from Propfirmmatch, in recent weeks it has received a notable amount of...
HDFC Bank increases loan interest rates by up to 10 basis points; loan EMIs to rise further, ET BFSI
HDFC Bank has increased its marginal cost of funds-based lending rates (MCLR), according to its official website on July 8, 2024. The bank has increased the lending rates by up to 10 basis points (bps) on certain tenures. HDFC Bank MCLR interest rates will now range...
Wormhole Launches Native USDT Transfers Across Multiple Blockchains
Wormhole has introduced native USDT transfers for several major blockchains, including Ethereum, Arbitrum, Base, Optimism, Polygon, BNB Chain, and Avalanche. This new functionality leverages the decentralized exchange (DEX) infrastructure...
June CPI Preview: Some Payback for May, but Downward Trend Remains
Summary Consumer price inflation likely firmed in June relative to May but remained on a downward trajectory through the month-to-month noise. We estimate headline CPI rose 0.1% in June, with a decline in gasoline prices helping keep the overall increase in prices...
Paramount agrees to merge with Skydance, ending Redstone era
The Paramount Studios in Los Angeles, California, US on Monday, April 29, 2024. Eric Thayer | Bloomberg | Getty ImagesParamount Global has agreed to merge with Skydance, capping off a monthslong negotiation, in a deal that would see the Redstone family step away from...
Is Your Brand Strong Enough to Support Expansion into New Markets? » Succeed As Your Own Boss
Expanding into new markets is a thrilling prospect for any business. It offers the opportunity to reach new customers, increase revenue, and enhance brand visibility. However, entering new markets also comes with significant challenges, and one critical question that...
India cenbank data shows far more jobs than private surveys, ET BFSI
By Swati Bhat and Ira Dugal MUMBAI -India's central bank said on Monday the country added 46.7 million jobs in the fiscal year ended March, far exceeding numbers in private surveys that point to high unemployment rates in the South Asian nation.The employment growth...
Devon Energy to pay $5 billion for unit of EnCap-backed Grayson Energy
Devon is buying acreage in the Williston Basin, an energy-rich area mostly in Montana, North Dakota and Saskatchewan.
Could US CPI Report Finally Bring About a Fed Pivot?
Further decline in headline CPI is expected in June Labour market is also showing signs of slowdown Will Thursday’s report (12:30 GMT) convince the Fed it’s time to cut? Ahead of that, Powell testifies on Tuesday (14:00 GMT) Fed still not convinced After several...
AUD/USD Hits Six-Month High Amid RBA Rate Hike Speculations :: InvestMacro
By RoboForex Analytical DepartmentThe AUD/USD pair reached a six-month high of 0.6752, marking its fifth consecutive day of gains. The currency’s strength is largely driven by market expectations that the Reserve Bank of Australia (RBA) might diverge from the global...
Gold lingers near one-month high on Fed rate-cut bets, BFSI News, ET BFSI
Gold prices eased on Monday but hovered near a more than one-month high scaled in the previous session, after softer U.S. data boosted prospects of an interest rate cut by the Federal Reserve in September.FUNDAMENTALS* Spot gold was down 0.2% at $2,386.58 per ounce,...
Oil prices move lower as Israel-Hamas cease-fire talks ease supply worries
Oil futures moved lower Monday, slipping after Hamas over the weekend gave its initial approval of a U.S.-backed proposal for a phased cease-fire deal with Israel in Gaza.
AssemblyAI and DeepL Enable Multi-Lingual Subtitles for Videos
Subtitles play a crucial role in making video content accessible to a broader audience. Traditionally, creating subtitles involves painstaking manual transcription and synchronization. However, advancements in AI-driven technologies now...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0813; (P) 1.0827; (R1) 1.0854; More…. Intraday bias in EUR/USD remains on the upside, as rise from 1.0665 is in progress for retesting 1.0915 resistance. Firm break there will target 100% projection of 1.0601 to 1.0915 from 1.0665 at 1.0919 next....
Govt refutes report by Citigroup on Employment citing lack of official data, ET BFSI
The Union Government on Monday refutes the recent research report by Citigroup on Employment in India which forecasts that India will struggle to create sufficient employment opportunities even with a 7% growth rate.Ministry of Labour and Employment said that it...
Why Nvidia’s stock can scale the ‘wall of worry,’ according to UBS
Nvidia’s stock is staging a sharp rally on an upbeat day for the chip sector.
Biden blasts ‘elites’ urging him to exit race in surprise interview
President Joe Biden arrives to speak to supporters and volunteers during a campaign stop at a Biden-Harris campaign election office in Harrisburg, Pennsylvania, on July 7, 2024. Saul Loeb | Afp | Getty ImagesPresident Joe Biden defended his place at the top of the...
CME Group names Mike Dennis its Global Head of Fixed Income
International derivatives marketplace CME Group today announced the appointment of Mike Dennis as Global Head, Fixed Income. In this position, Dennis will oversee the company’s largest, most actively traded global benchmark futures and options contracts on SOFR and...
Bank of Baroda declines 3.72% as Sensex slides , ET BFSI
Shares of Bank of Baroda traded at Rs 263.5 on BSE at 02:11PM (IST) on Monday, down 3.72 per cent from previous close. The stock quoted a 52-week low price of Rs 185.75 and a high of Rs 298.45. Earlier, the stock saw a gap down opening in the morning. A total of...
BNB Chain Introduces Multi-Datastore Solution for BSC Geth
BNB Chain has unveiled a new multi-datastore solution for its BNB Smart Chain (BSC) Geth nodes, aimed at tackling performance inefficiencies caused by the rapid increase in data volume. According to the BNB Chain Blog, the new approach...
EV maker Lucid’s stock leaps after deliveries jump 70% in Q2
Lucid’s stock rallied Monday, after the electric-vehicle maker reported a big jump in deliveries in the second quarter.
Why Amazon, Tesla and Microsoft are investing in AI-powered robots
AI-powered robots are popping up across Silicon Valley. If some industry experts are right, they could help solve a global labor shortage.Companies like Tesla, Amazon, Microsoft and Nvidia have plowed billions of dollars into what are known as "humanoid" robots. These...
Pound Gains on Hawkish BoE Remarks; Euro Regains Lost Ground
Sterling strengthened broadly today, support by comments from Jonathan Haskel, a known hawk on BoE’s MPC. Haskel indicated his preference to maintain interest rates until there is clear evidence that inflationary pressures have subsided sustainably. This stance has...
How to Upload Files and Folders to GitHub: A Beginner’s Guide
Uploading files and folders to GitHub is a fundamental skill for developers, allowing for efficient version control and collaboration. This guide, based on a blog post from The GitHub Blog, provides a comprehensive overview of the process...
Ukrainian children’s hospital hit, 31 people killed in daytime Russian missile attack
Emergency forces and civilians conduct search-and-rescue operations among the rubble of 'Okhmatdyt' Children's Hospital in Kyiv, Ukraine, on July 8, 2024.Anadolu | Anadolu | Getty ImagesA barrage of Russian missiles across Ukraine killed at least 31 people, injured...
Steady as France faces hung parliament :: InvestMacro
By ForexTime France’s Left-Wing coalition bags surprise victoryNo outright majority means hung parliament outcomeFRA40 bounces from 200-day SMAKey levels of interest – 7790, 7700 & 200-day SMAFXTM’s FRA40 moved higher on Monday as markets digested the unexpected...
Sebi likely to act against ‘silent’ PMS firms, BFSI News, ET BFSI
The 'silence' of many 'portfolio management service' (PMS) firms has raised the regulator's hackles in a runaway market. The Securities and Exchange Board of India (Sebi) is unable to reach out to a large number of PMS service providers who are not responding to...
Here’s how US short seller responded to Sebi show cause notice, ET BFSI
The Hindenburg-Adani saga took a new twist on Tuesday when the US short seller informed that it received a show cause notice from Indian market regulator Sebi over alleged violations in placing bets on the conglomerate stocks. In the latest turn of events, Kotak Bank...
JPMorgan downgraded on valuation, while Bank of America shines as top pick: analyst
Wolfe Research cuts JPMorgan to peer perform and highlights Bank of America as an outperforming stock.
USD/JPY: Soft US Data Offers a Potential Relief Rally for JPY
Lacklustre US non-farm payrolls & ISM Services PMI for June has led to a further drop in US Treasury yields. Both the 2-year and 10-year US Treasuries/JGBs yield premiums have shrunk to a 5-month low. A lower positive carry using JPY as a funded currency and...
BC.GAME Announces the Partnership with Leicester City and New $BC Token!
The leading iGaming platform BC.GAME has secured a significant partnership with English Premier League Club Leicester City Football Club, becoming the club’s “Official Principal Partner” in a multi-year deal. Moreover, in alignment with this...
Koss’s stock pares gains after spike amid rumors of interest from Roaring Kitty
Koss shares were down 15.4% in premarket trades Monday, putting it on pace to snap a two-day winning streak.
ECB’s Knot rules out July rate cut
ECB Governing Council member Klaas Knot has indicated there is no case for another rate cut in July. In an interview with Handelsblatt, Knot stated, “I don’t see a case for another rate cut in July.” He emphasized that the next ECB meeting that will consider rate...
BNP Paribas partners with QuantumStreet AI to launch Cross Asset Trend and AI Index in Brazil
BNP Paribas and QuantumStreet AI today announced the launch of a proprietary new BNP Paribas Cross Asset Trend and AI Index in Brazil with global plans. The BNP Paribas Cross Asset Trend and AI Index is designed to combine traditional trend-based investing techniques...
Bajaj Finance bucks industry trend, cuts deposit rates by 20 basis points in its top slab, ET BFSI
Kolkata: At a time when several banks are facing stiff challenges in garnering public deposits, leading non-bank company Bajaj Finance has decided to lower deposit rates by 20 basis points on its highest rate slab, bucking the industry trend. One basis point is a...
HKMA Warns Public About Fraudulent Website and Phishing Emails Linked to China CITIC Bank International
The Hong Kong Monetary Authority (HKMA) has issued a warning to the public regarding a fraudulent website and phishing emails associated with China CITIC Bank International Limited, according to a recent press release by the HKMA.In its...
India, UK to hold next round of talks on proposed trade agreement this month, ET BFSI
With the new government taking charge in Britain, senior officials of India and the UK will hold the next round of talks this month for the proposed free trade agreement to resolve the pending issues and close the negotiations, an official said. The India-UK talks for...
Ubisoft shares surge on Jefferies’ double upgrade to buy rating
Ubisoft’s strategic pivot towards subscriptions and the release of two new games could boost the French company’s share price, Jefferies analysts said
AUD/USD Hits Six-Month High Amid RBA Rate Hike Speculations
The AUD/USD pair reached a six-month high of 0.6752, marking its fifth consecutive day of gains. The currency’s strength is largely driven by market expectations that the Reserve Bank of Australia (RBA) might diverge from the global trend of lowering interest rates,...
Momentus’s stock climbs, as space-services company is on pace to snap five-day losing streak
Shares of Momentus, which provides satellite transportation and servicing, jumped in premarket trades Monday.
Skepticism about Biden’s continued participation in the re-election campaign is growing in the US. In France, the elections ended with uncertainty :: InvestMacro
By JustMarkets On Friday, the Dow Jones (US30) Index gained 0.17% (for the week +0.73%), while the S&P 500 (US500) Index gained 0.54% (for the week +1.43%). The NASDAQ Technology Index (US100) closed positive 0.90% (for the week +2.58%). Stock indices rose...
SBI wants tax parity on bank FDs with mutual funds & equity markets in Budget, ET BFSI
As bank credit growth exceeded the increase in deposits in FY24 by Rs 2 lakh crore, the State Bank of India (SBI) has sought income tax parity on bank fixed deposits (FDs) in line with other asset classes in Budget 2024."In line with mutual funds and equity markets,...
Life Is Short. Spend It Well.
“So, you have a brain aneurysm.” Last summer, my world turned upside down in a single day. I went from training for a half-marathon and helping my parents with a garage sale to sitting in the ER, learning I had a mass on my thyroid and a brain aneurysm behind my right...
French Prime Minister Gabriel Attal to tender resignation
France's Prime Minister Gabriel Attal gives a speech following the first results of the second round of France's legislative election at Matignon in Paris on July 7, 2024. Ludovic Marin | Afp | Getty ImagesFrench Prime Minister Gabriel Attal said he would submit his...
BoE’s Haskel advocates holding rates amid tight labor market
BoE MPC member Jonathan Haskel highlighted in a speech that assuming no further shocks, inflation will depend on the “interaction of a tight labour market and second-round effects as previous inflation works its way through the wage-price system.” Haskel emphasized...
Bitfarms Appoints Ben Gagnon as New CEO to Drive Future Growth
Bitfarms Ltd. (NASDAQ/TSX: BITF), a global Bitcoin data center company, has announced the appointment of Ben Gagnon as its new Chief Executive Officer, effective immediately. Gagnon, who previously served as Chief Mining Officer, is...
Manoj Kumar Nambiar and Vineet Chattree to lead MFIN as new Chairperson and VC, ET BFSI
Vineet Chattree (Left) & Manoj K. Nambiar (Right)The Microfinance Industry Network (MFIN), the premier association and RBI-recognized Self-Regulatory Organization (SRO) for the microfinance industry, has elected Manoj Kumar Nambiar, MD of Arohan Financial Services...
Corning’s stock soars 7% after company raises Q2 guidance to reflect AI bump
The company, which makes glass for big-screen TVs, mobile phones and optical fiber, believes the first quarter will be the lowest one for all of 2024.
Capital.com introduces 0% overnight funding on non-leveraged CFD trades
Leading Retail FX and CFDs broker Capital.com has announced that it will remove overnight funding for non-leveraged (1:1 leverage) CFD trades on shares and cryptocurrencies (crypto trading is not available to retail clients in the UK). The company said that its...
Demand for travel loans soars after pandemic, BFSI News, ET BFSI
PUNE: Vacation-related expenses have been soaring and many are now opting for personal loans for travel. “Everything has become more expensive post-pandemic. Flights, hotels and even food has become costlier. We took a loan in January this year for our trip to the US....
Master Your Monthly Rollovers | YNAB
You’re buzzing along, getting the hang of YNAB, and then the calendar flips to a new month. You open YNAB and—oh man!—things look different. Some of the numbers have changed, but not all of them. Everything is fresh, but also still familiar. You’re asking, “Am I...
Tesla’s upcoming earnings report needs to divulge its AI plans and Nvidia’s role
AI mastery could cement Tesla’s lead in autonomous driving and beyond.
GBP/USD Price Outlook: Cable Holds the High Ground, Multi-Month Resistance Up Ahead
GBP/USD is facing a key multi-month resistance level at 1.2850 after a positive run. The outcome of US inflation data and Fed Chair Powell’s testimony could significantly impact the GBP/USD exchange rate. A break above 1.2850 might require a catalyst, like a...
Airline profits lag even as travel demand breaks records
Passengers pass through O'Hare airport in Chicago, July 3, 2024.Scott Olson | Getty ImagesRecord summer air travel demand isn't translating to record U.S. airline profits. Carriers will have to answer for that disconnect when they report quarterly results this...
Democratic power players propose plan for Biden exit, ‘blitz primary’
Two Democrats with a powerful network of friends are circulating a proposal for President Joe Biden to bow out of the 2024 race and launch an expedited Democratic primary to choose a new nominee before the August convention.Rosa Brooks, a Georgetown University law...
SSV Network Achieves Milestone with 1 Million ETH Staked Using DVT
The SSV Network DAO (SSV DAO) has announced that the SSV Network has officially staked 1 million ETH, according to ssv.network. This significant milestone comes less than a year after its permissionless launch in December 2023, marking a...
Fiscal deficit may be budgeted below 5% GDP, borrowing to reduce: SBI Report, ET BFSI
In the Interim Budget, Government has targeted fiscal deficit of 5.1 per cent of GDP for FY25, however on the back of stupendous growth in GST revenues along-with higher dividends from PSUs and RBI, it is believed that the Government may target fiscal deficit of less...
Digital Asset Fund Flows Surge with $441M Inflows Amid Market Weakness
Digital asset investment products experienced substantial inflows totaling $441 million, as recent price weaknesses were perceived as buying opportunities, according to CoinShares. The influx, largely driven by Bitcoin (BTC) and a diverse...
Three reasons bulls should be stoic in the face of legitimate stock-market worries
Ed Yardeni offers three important reasons why investors should be less worried.
Former IG Group CEO Charlie Rozes joins BMS Insurance
BMS Group, a UK based independent specialist insurance and reinsurance broker, has announced the appointment of Charlie Rozes as Group CFO and Executive Director. Based in London, Rozes will report to Nick Cook, BMS Group CEO, and will join in November. Rozes will be...
Ex-Citi chief Vikram Pandit to exit Kampani’s fin biz in Rs 3k crore deal, ET BFSI
MUMBAI: Former Citigroup CEO Vikram Pandit is set to exit the real estate financing business established by veteran dealmaker Nimesh Kampani. INH Mauritius, an investment fund managed by Pandit, will sell 49% in JM Financial Credit Solutions (JMFCS) - the realty...
BoJ highlights spread of big firm wage hikes to smaller companies
In the Regional Economic Report, BoJ maintained its economic assessment for five out of Japan’s nine regions, while upgrading two and downgrading two. Eight regions, with the exception of Hokuriku, indicated that their economies had been recovering moderately, picking...
Fiscal deficit may be budgeted below 5% GDP, borrowing to reduce: SBI Report, ET BFSI
In the Interim Budget, Government has targeted fiscal deficit of 5.1 per cent of GDP for FY25, however on the back of stupendous growth in GST revenues along-with higher dividends from PSUs and RBI, it is believed that the Government may target fiscal deficit of less...
‘This feels like a wild approach to estate planning’: My mother wants to leave everything to me — so I can take care of my feckless younger brother
“What are the tax and financial implications of receiving an estate and then passing on a large percentage of it to someone else?”
India PM Narendra Modi meeting Russian President Vladimir Putin in Moscow
Russian President Vladimir Putin speaking to Indian Prime Minister Narendra Modi during their meeting at Taj Exotic Hotel on October, 15, 2016 in Benaulim, Goa, India.Mikhail Svetlov | Getty Images News | Getty ImagesIndia's Prime Minister Narendra Modi is set to meet...
How to Accept Bitcoin Payments as a Business?
Cryptocurrencies showed the world that it is possible to solve the problems associated with traditional financial services. Bitcoin paved the path for the growth of cryptocurrencies and disrupted the financial services sector with decentralization and cryptographic...
EUR/USD Outlook: Bullish Bias Above Daily Cloud
EURUSD opened with gap-lower on Monday but dip was short-lived and larger bulls regained control and pushed the price towards last Friday’s new multi-week high (1.0842). Today’s dip was contained by psychological 1.0800 support (also the top of rising hourly cloud)...
Vantage Markets enhances Copy Trading with Multi-Currency and Multi-Account Type support
Multi-asset broker Vantage Markets today unveiled a series of enhancements to its Vantage App, aimed at improving the copy trading experience. Vantage Copy Trading now boasts support for a diverse range of currencies, including EUR, HKD, INR, JPY, US Cents, and USD....
Mashreq appoints Tushar Vikram as Country Head and CEO of India, ET BFSI
Mashreq, a prominent financial institution in the MENA region, has announced the appointment of Tushar Vikram as its new Country Head and CEO of India, effective June 2024. In this role, Tushar Vikram will oversee Mashreq's operations in India, driving strategic...
Jobs, rural India likely to be focus of new Modi government’s first budget, says Goldman Sachs, ET BFSI
MUMBAI - The first budget by Prime Minister Narendra Modi's new government may tilt towards, but not pivot to welfare spending, with a focus on rural economy and job creation, economists at Goldman Sachs said in a note on Monday.The budget proposal for the financial...
Troubled Spanish pharma company Grifols says it may go private for $6 billion
Shares of Grifols were halted on Monday, following news the indebted Spanish blood plasma pharmaceutical company may go private.
SFC to Launch New Online Application System for Investment Products
The Securities and Futures Commission (SFC) is set to introduce a new online application and submission system specifically designed for investment products. This move aims to streamline the application process, enhance user experience,...
Eurozone Sentix drops sharply to -7.3 on rising political and economic uncertainties
Eurozone Sentix Investor Confidence dropped sharply in July, falling from 0.3 to -7.3, significantly worse than the expected 0.0. This decline ends a series of eight consecutive rises and marks a severe setback. Current Situation Index also declined from -9.0 to...
Macron’s French snap election gamble ‘did not pay off’, professor says
France's President Emmanuel Macron looks on as he leaves after his vote in the second round of France's legislative election at a polling station in Le Touquet, northern France on July 7, 2024.Ludovic Marin | Afp | Getty ImagesThe gamble that French President Emmanuel...
Hedge funds pile into commodity sensitive stocks at fastest pace in five months: Goldman data
Hedge funds were net buyers of energy and materials stocks for the third week in a row, Goldman Sachs’ analysis shows
Italy’s CONSOB issues warning against online trading “video games”
Italy’s Companies and Exchange Commission (CONSOB) today issued a warning against online trading “video games”. Consob warns investors against the risks associated with offers, promoted on the web and social media, of exercises that simulate an online trading activity...
How fraudsters are using WhatsApp, Facebook, X and Telegram for investment scams in India, ET BFSI
Various reports in the past have suggested how fraudsters are targeting Indians with investment scams. They defraud people by offering high returns, convincing them to invest huge amounts of money and the victims later realise that they have been scammed. According to...
US$1.2bn in cryptocurrency, DeFi losses in H1 of 2024 due to hacks, scams, & exploits
Substantial losses in the crypto and decentralized finance (DeFi) sectors YTD amounting to USD 1.19billion.The report comes via Finance Magnates: citing a report from blockchain security firm CertiK:phishing attacks emerged as the most damaging vector, accounting for...
Crypto: Bears Trying to Break the Neck of Bull Trend
Market Picture The cryptocurrency market is moving up and down, experiencing increased volatility with swings between 2.0 and 2.15 trillion. These are very intense swings, reflecting the massive amounts of capital flowing through the market. The Cryptocurrency Fear...
Government reviews FDI caps; may help defence, insurance sectors, ET BFSI
NEW DELHI: The govt is looking to review foreign direct investment caps for sectors such as defence, insurance and plantations, and look at the processes that can be eased to streamline the regime.While most sectors have a liberal regime where automatic approvals...
This $1.8 million Frank Lloyd Wright home in Kalamazoo, Mich., is a restored masterpiece
This Wright-designed Usonian-style home underwent an $800,000 restoration.
Astar Network Completes 350 Million ASTR Token Burn
Reducing Initial Supply by 5% to Enhance Network SustainabilityIn a significant move to optimize its tokenomics, Astar Network has completed the burning of 350 million ASTR tokens, which represents 5% of its genesis allocation, according...
Cboe Europe plans to launch Cboe BIDS VWAP-X
Cboe Europe, a division of Cboe Global Markets, Inc, today announced that it plans to launch Cboe BIDS VWAP-X, a new trading service allowing participants to source and match liquidity at a forward benchmark price. This service is scheduled to launch in early Q4 2024,...
HDFC Capital bets big on affordable housing, to invest $2 billion by 2025 end, ET BFSI
HDFC Capital Advisors is betting big on affordable and mid-income housing with plans to invest more than $2 billion in this segment across India's top property markets by the end of 2025 to support easing of supply side constraints, said a top company executive.The...
French stocks and bonds slip after deadlocked election
French stocks and bonds slipped on Monday after voters surprisingly rejected a far-right party that led in the first round of voting as the eurozone’s second-largest economy looked set for possibly months of protracted negotiations for control of the country’s...
China’s Problems Could Cloud RBA’s Hawkish Intentions
China to gain more airtime this week The ailing housing sector and the bond rally in focus RBA remains hawkish, but consumer appetite is critical Aussie benefits from dollar weakness Market’s focus could turn to China this week The post non-farm payrolls week tends to...
Union Budget consultations done, Sitharaman set to announce measures and reforms on July 23, ET BFSI
Finance Minister Nirmala Sitharaman has wrapped up consultations with industry and social sector representatives ahead of presenting her seventh Union Budget on July 23, the Finance Ministry said in a statement on Sunday.The pre-budget consultations for Union Budget...
Bitcoin, Ether both slammed lower
Crypto coming under pressure.There is no obvious fresh catalystWe're on approach to Friday's low, there should be some work to do around here This article was written by Eamonn Sheridan at www.forexlive.com.
FX option expiries for 8 July 10am New York cut
There is just one to take note of, as highlighted in bold.That being for EUR/USD at the 1.0785 level. It isn't one that offers much technical significance but could act alongside the key daily moving averages at 1.0794-97 in locking any downside price action in the...
Carlsberg agrees $4.2 billion Britvic deal after third approach
The third time looks to be a charm for Carlsberg, which announced Monday that it has agreed to take over Britvic in a deal valuing the U.K. drinks giant at £3.3 billion ($4.2 billion).
Euro Edges Down Following Left-Wing Triumph in French Elections
Euro dips mildly a in Asian session after French parliamentary elections on Sunday delivered unexpected results. The markets had anticipated a challenging outcome for centrist President Emmanuel Macron, including a hung parliament. Yet, the outcome was particularly...
OKX to List Xraders (XR) for Spot Trading on July 8
In a recent announcement, OKX revealed plans to list Xraders (XR) on its spot trading market. According to OKX, this listing will follow a specific schedule: XR deposits will open at 6:00 am UTC on July 8, 2024, XR/USDT spot trading will...
eToro adds 115 LSE-listed stocks to lineup of investment instruments
Online broker eToro has added 115 new stocks from the London Stock Exchange to its lineup of investment instruments. Below are some of the latest additions: $DIA.L (Dialight Plc) $PODP.L (Pod Point Group Holdings Plc) $SERE.L (Schroder European Reit Plc) $CGS.L...
Binance to Delist BOND, DOCK, MDX, POLS on July 22, 2024
Binance, one of the largest cryptocurrency exchanges, has announced the delisting of four tokens: BOND, DOCK, MDX, and POLS, effective July 22, 2024. This decision follows a comprehensive review of the digital assets listed on the...
Incremental credit slows down until mid-June, BFSI News, ET BFSI
Bank lending slowed down in the June quarter compared to last year’s levels, likely reflecting a wait and watch attitude by the investors pending election results during the quarter.Incremental loans increased Rs 2.79 lakh crore or 1.7 % this fiscal year up to June 14...
How RBI’s SAARC Currency Swap Arrangement may help internationalisation of Indian rupee?, ET BFSI
In recent years, the Reserve Bank of India (RBI) has been working to increase the acceptability of the Indian Rupee (INR) in global trade, known as the internationalization of the Indian rupee. As part of this effort, the RBI has announced a Currency Swap Arrangement...
The rush to exit commercial real-estate funds is going mainstream
The plight of investors looking to pull money out of commercial real estate funds has gone mainstream.
Left-wing New Popular Front coalition leads in French parliamentary run-off vote, early data shows
A woman steps out of a polling booth prior to cast her vote in the first round of parliamentary elections in Le Touquet, northwestern France, on June 30, 2024. Ludovic Marin | Afp | Getty ImagesLONDON — France's left-wing New Popular Front coalition is set to...
How stock-market investors are making sense of Biden candidacy uncertainty
Stock-market investors are taking uncertainty around President Joe Biden’s candidacy in stride, but analysts see volatility ahead.
Biden faces a ‘vital week’ to convince voters he can beat Trump
Republican presidential candidate former U.S. President Donald Trump and Democratic Party presidential candidate U.S. President Joe Biden speak during a presidential debate in Atlanta, Georgia, U.S., June 27, 2024 in a combination photo.Brian Snyder | ReutersPresident...
This week’s U.S. inflation report could have serious implications for stocks
Like all marquee economic releases, the June inflation numbers could have serious ramifications for markets. But investors will be paying especially close attention this month, as the timing of the Federal Reserve’s first interest-rate cut could hang in the balance.
GBP/JPY Weekly Outlook – Action Forex
GBP/JPY’s up trend continued last week and hit as high as 206.42. Initial bias is on the upside this week for further rally. Firm break of 100% projection of 191.34 to 200.72 from 197.18 at 206.56 will target 138.2% projection at 210.17. On the downside, below 204.97...
EUR/AUD Weekly Outlook – Action Forex
EUR/AUD stayed in consolidation above 1.5996 last week and outlook is unchanged. Initial bias stays neutral this week first, but outlook will remain bearish as long as 1.6211 support turned resistance holds. On the downside, break of 1.5996 will target 100% projection...
EUR/GBP Weekly Outlook – Action Forex
EUR/GBP edged higher to 0.8498 last week, but failed to break through 55 D EMA (now at 0.8500) and retreated. Initial bias remains neutral this week first. On the upside, sustained trading above 55 D EMA (now at 0.8501) will extend the rise from 0.8396 short term...
USD/CHF Weekly Outlook – Action Forex
USD/CHF’s rally was rejected by near term falling channel last week and reversed from there. Immediate focus is now on 0.8956 support this week. Firm break there will argue that rebound from 0.8825 has completed and bring retest of this low. On the upside, break of...
Wall Street is feeling better than normal about Q2 earnings. Will companies?
As big banks like JPMorgan Chase & Co. and air carrier Delta Air Lines Inc. lead off second quarter earnings reports, Wall Street analysts say profit growth will be just fine.
USD/JPY Weekly Outlook – Action Forex
USD/JPY edged higher to 161.94 last week but retreated since then. Initial bias stays neutral this week first. On the upside, break of 161.94 temporary top will resume larger up trend to 61.8% projection of 146.47 to 160.20 from 154.53 at 163.01. Nevertheless, break...
NVIDIA Unveils NVDashboard v0.10 with Enhanced GPU Monitoring Features
At NVIDIA GTC 2024, the RAPIDS team showcased the latest features of NVDashboard v0.10, a tool designed to monitor GPU usage within JupyterLab environments. This update aims to maximize the efficiency of GPU resources, offering real-time...
EUR/USD Weekly Outlook – Action Forex
EUR/USD’s strong rebound last week suggests that pull back from 1.0915 has completed at 1.0665 already. Initial bias remains on the upside this week for 1.0915 resistance. Firm break there will target 100% projection of 1.0601 to 1.0915 from 1.0665 at 1.0919 next. On...
Forex and Cryptocurrency Forecast – Action Forex
EUR/USD: The US is Not Very Good, Europe is Not Very Bad On Friday, June 5, the Dollar Index (DXY) hit a three-week low, while the euro showed its largest weekly gain against the dollar in a year. This was due to the US not performing as well as expected and Europe...
Celo Foundation: cLabs Introduces Dango, a New Layer-2 Testnet for Celo
The Celo Foundation has announced the successful launch of the Layer-2 testnet, Dango, developed by core contributor cLabs. This development marks a significant milestone in the evolution of the Celo blockchain ecosystem, according to...
Fake call centre offering loans busted in Noida; 11 arrested, BFSI News, ET BFSI
Noida, Eleven people, including nine women, were arrested for defrauding people in the name of loans and insurance policies from a call centre here, officials said on Saturday The Noida Police said that the gang had data of 10,000 people. The gang, operating from a...
GBP/USD Weekly Outlook – Action Forex
GBP/USD’s strong rebound last week suggests that corrective pullback from 1.2859 has completed at 1.2612 already. Initial bias remains on the upside this week for 1.2859 first. Firm break there will resume the rally from 1.2298 and target 61.8% projection of 1.2298 to...
IOTA and Imperial College London Launch I3-Lab for Circular Economy Research
The I3-Lab at Imperial College London, co-funded by the IOTA Foundation, has officially launched, focusing on circular economy research through digital tools. The lab aims to innovate sustainable business models and technologies to...
EUR/CHF Weekly Outlook – Action Forex
EUR/CHF’s rebound from 0.9476 extended to as high as 0.9754 last week and turned sideway since then. Initial bias remains neutral this week first for consolidations. Deeper retreat might be seen but further rise is in favor as long as 0.9639 support holds. Above...
Gala Games Emphasizes Password Security in Latest Guardian Papers
Gala Games has released the sixth installment of its Guardian Papers series, focusing on the critical importance of password security to safeguard digital assets. According to Gala News, the latest edition aims to educate the blockchain...
AUD/USD Weekly Report – Action Forex
AUD/USD’s rally from 0.6361 resumed by breaking through 0.6713 resistance last week. Initial bias stays on the upside this week. Next target is 61.8% projection of 0.6361 to 0.6713 from 0.6619 at 0.6837. On the downside, below 0.6699 minor support will turn intraday...
Exploring the Digital Revolution: How Cryptocurrency is Transforming Finance
Cryptocurrency is rapidly transforming the financial world, offering a decentralized, secure, and efficient method of transacting and storing value. This digital revolution is reshaping how money is perceived and used globally, according...
USD/CAD Weekly Outlook – Action Forex
USD/CAD fell to 1.3602 last week but recovered ahead of 1.3589 support. Initial bias remains neutral this week first. Corrective pattern from 1.3845 could still extend. Break of 1.3589 will target 100% projection of 1.3845 to 1.3589 from 1.3790 at 1.3534. Strong...
EUR/JPY Weekly Outlook – Action Forex
EUR/JPY’s up trend continued to 174.50 last week but turned sideway since then. Initial bias is neutral this week for some more consolidations first. On the upside, firm break of 174.50 will target 138.2% projection of 164.01 to 170.87 from 167.52 at 177.00. On the...
Gala Games and Animoca Brands Forge Partnership to Enhance $GALA Token
Gala Games and Animoca Brands have announced a strategic collaboration aimed at enhancing the $GALA token experience for users, according to Gala News. This partnership is set to focus on liquidity provisioning services, ensuring smoother...
Pound Outshines as Dollar Sinks, Yen Stabilizing
The past week marked a significant downturn for Dollar, which found itself at the bottom of the currency performance chart. A slew of unfavorable economic reports has highlighted the tangible effects of sustained high interest rates on the American economy, fostering...
FX week in review: Saxo Bank cuts countries; ActivTrades loss, Robinhood AI acquisition, Admirals mgmt change
Which countries did Saxo Bank list in a note to its institutional partners, stating that it was stopping to onboard clients from certain geographies? What led to a 45% Revenue drop, and a large net loss, at Retail FX and CFDs broker ActivTrades? What AI based company...
Wave Wallet Introduces Launchpad for Sui Apps, Enhancing User Experience
Wave Wallet, a Telegram-integrated crypto wallet, has unveiled a new launchpad for Sui apps, enhancing the discoverability and accessibility of blockchain applications while incorporating gamified features, according to The Sui...
Voters go the polls in second round of snap election
Supporters of the French National Rally in Henin-Beaumont, northern France, on June 30, 2024.Francois Lo Presti | Afp | Getty ImagesFrench voters are heading to the polls on Sunday for the second and final round of voting in a snap parliamentary election.After an...
Ripple (XRP) Introduces ‘Try It’ Feature for API Documentation
Ripple (XRP) has unveiled a new feature in its API documentation that allows developers to interact with the Ripple Payments API in real-time. The 'Try It' feature lets users send simulated API requests and receive responses from a mock...
Paytm CEO, BFSI News, ET BFSI
MUMBAI: Paytm founder & CEO Vijay Shekhar Sharma who has been steering the firm through one of its biggest crises following the Reserve Bank of India (RBI)'s restrictions on the fintech's banking unit said the company should have done and understood better."We had...
New UK leader Starmer declares Rwanda deportation plan ‘dead and buried’
British Prime Minister Keir Starmer delivers his speech outside Downing Street 10, following the results of the election, in London, Britain, July 5, 2024. Claudia Greco | ReutersBritain's new Prime Minister Keir Starmer said on Saturday he would scrap a controversial...
Jockey: Leveraging Twelve Labs APIs and LangGraph for Advanced Video Processing
Jockey, an open-source conversational video agent, has been significantly enhanced through the integration of Twelve Labs APIs and LangGraph. This combination aims to provide more intelligent and efficient video processing capabilities,...
Treasure Tapper Unveils New Daily Reward Feature to Enhance User Experience
Treasure Tapper, a popular game under the Gala Games ecosystem, has introduced an appealing new feature designed to boost user engagement and reward loyalty. The new Daily Reward feature allows players to claim coins every day, enhancing...
Pantera Capital Explores Investment in AI Startup Sentient
Pantera Capital, a leading investment firm known for its focus on blockchain and technology sectors, has announced its interest in investing in Sentient, an AI-driven startup. The firm's latest move underscores its commitment to...
Spider Tanks Highlights Maul in Latest Showcase
In the latest edition of the Spider Tanks Showcase, Gala Games has turned the spotlight on 'Maul,' one of the more substantial tanks in the arena. This feature dives into the unique capabilities and strategies associated with Maul,...
NVIDIA Holoscan and RTI Connext Pave the Way for AI-Enabled Medical Devices
The demand for real-time insights and autonomous decision-making is growing across industries, and healthcare and medical devices are no exception. Leveraging real-time edge AI, the next generation of healthcare promises to deliver more...
$WEN Token Surges on GalaChain, Reaches $1M Market Cap
$WEN, a token recently launched on GalaChain, has experienced a meteoric rise, achieving a market cap of $1 million within just a few weeks of its introduction. The token's rapid growth underscores the thriving ecosystem on GalaChain,...
Biden ABC interview fails to quell 2024 reelection concerns
President Joe Biden speaks to supporters during a campaign rally at Sherman Middle School on July 05, 2024 in Madison, Wisconsin. Scott Olson | Getty ImagesPresident Joe Biden did not assuage Democratic anxieties about his 2024 reelection bid against former President...
Crypto Venture Capital Sees Modest Rebound in Q2 2024
According to Galaxy Digital, the crypto venture capital market showed signs of recovery in Q2 2024, with total investments rising to $3.2 billion, up from $2.5 billion in Q1. However, the number of deals dropped slightly from 603 to...
From Eggo-flavored coffee to freeze-dried candy, here are seven food trends of note
Don’t forget the mushroom-flavored coffee, either
BitMEX Introduces Meme Coin Basket Index Perpetual Swap Contract
BitMEX has officially launched the MEMEMEXTUSDT, a new meme coin basket index perpetual swap contract, as of 27 June 2024 at 04:00 UTC. This innovative contract allows traders to engage in perpetual swaps based on a basket of the top 10...
Stock market’s upcoming earnings season may delay ‘overdue’ pullback for S&P 500
The U.S. stock market’s upcoming earnings season should be “solid,” but expecting growth estimates over the next couple months to increase for the second half of 2024 seems “a lot to ask,” according to LPL Financial.
Immutable (IMX) Passport Surpasses 1 Million Sign-ups, Eyes Further Growth
Immutable (IMX) Passport has recently reached a significant milestone with over 1 million sign-ups, according to immutable.com. The platform is poised to hit 1.5 million sign-ups soon, marking a rapid growth trajectory for this innovative...
US House of Representatives to Vote on Controversial SAB 121 Bill
The House of Representatives of the United States of America is getting ready to hold a vote that will be extremely important regarding President Joe Biden's decision to veto Staff Accounting Bulletin 121 (SAB 121), which has been the...
Is the market peaking? Not yet. But we’re getting closer.
10 signs that stocks are short of breath.
Cohere CEO and ex-Google researcher Aidan Gomez on how AI makes money
Aidan Gomez was an intern at Google Brain in 2017, when he helped co-author the "Attention Is All You Need" paper that conceptualized the transformer and eventually kicked off the generative artificial intelligence boom."There's no one in the field who was around back...
Why stocks will be the best bet for your money if the Fed can’t get inflation down
Investing for retirement, college and other longer-term goals should favor stocks over bonds.
Mcap of BSE-listed firms hit all-time high of Rs 449.88 lakh crore, ET BFSI
New Delhi, The market capitalisation of BSE-listed firms hit a record peak of Rs 449.88 lakh crore on Friday despite equity benchmark Sensex slipping marginally in a volatile trade. The 30-share BSE Sensex dropped 53.07 points or 0.07 per cent to settle at 79,996.60,...
Cronos (CRO) Introduces zkEVM Bridge Campaign for CRO Staking
The blockchain ecosystem Cronos (CRO) has announced a new campaign to promote the use of its zkEVM Bridge. This initiative aims to reward users who lock and stake CRO tokens from Ethereum or Cronos EVM into the Cronos zkEVM bridge,...
I’m a retired cardiologist, 64, with a $9 million net worth. I want to buy my ‘forever home.’ How much should I spend?
“What is the maximum should I safely spend assuming I live into my 80s?”
Only 7 pc of MSME credit to women; low female labour force participation drag on growth: RBI ED, ET BFSI
Mumbai, Reserve Bank's executive director Neeraj Nigam on Friday said low labour force participation among women is a barrier to financial inclusion efforts and also to broader economic growth. He said there is also a need to up the credit supply to women, pointing...
We’re in our mid-50s and planning to retire soon. We have $2 million saved. How can we extract income from our $900,000 home?
“We have no children or heirs, and have no one to leave our estate to other than charitable causes.”
Binance Launches New ‘Learn & Earn’ Program Offering W Token Rewards
Binance has unveiled the next round of its popular 'Learn & Earn' program, where users can expand their blockchain knowledge and earn W token rewards by completing educational courses and quizzes. The announcement was made on...
A surge of new apartments is hitting the market. Renters in these cities stand to benefit the most.
The recent supply surge means apartments are sitting vacant for longer, which means renters are in a good position to ask for discounts.
RBI imposes Rs 1.31 cr penalty on Punjab National Bank, BFSI News, ET BFSI
The RBI on Friday said it has imposed a monetary penalty of Rs 1.31 crore on Punjab National Bank for non-compliance with certain directions related to KYC and 'loans and advances'. The Reserve Bank said it conducted a statutory inspection of the bank with reference...
U.S. presidential election highlights biggest risk to a bond-market rally in the second half
Of all the wild cards in the months ahead for the $27 trillion Treasury market, an increasing U.S. government deficit is regarded as perhaps the greatest long-term risk facing the market right now because of its potential to translate into higher volatility through...
Bitfinex Rolls Out Mobile App Update Version 6.21.0 with Key Improvements
Bitfinex has announced the release of Version 6.21.0 of its mobile app, introducing a series of general improvements, new features, and several critical fixes, according to blog.bitfinex.com. New Features and Improvements The latest...
OKX Wallet Integrates Solana Blinks for Enhanced DApp Interaction
OKX Wallet users can now enjoy an enhanced experience with the integration of Solana Blinks, according to OKX. This development, effective from July 5, 2024, allows users to interact with decentralized applications (DApps) on the Solana...
Why this fund manager trimmed his Nvidia position — and has a warning about AI
Ken Laudan of Buffalo Funds has changed his opinion about how long it will take for “AI adopters” to make the technology useful.
RBI, BFSI News, ET BFSI
NEW DELHI: India's foreign exchange reserves declined by $1.7 billion to $652 billion, in the week ending June 28, coinciding with the inclusion of the country's debt in JPMorgan's emerging market index, as per the recent data released by the Reserve Bank of...
Softer U.S. Inflation Expected in June Ahead of Another Hold from Fed
June’s consumer price index data for the U.S. will be key in revealing whether the resurgence in inflation is over or if softer readings in April and May were just a short reprieve. On Thursday, we expect headline CPI growth to slow to 3.1% in June, down from 3.3% in...
Securitisation volumes in India reach Rs 45,000 crore in Q1 FY25: Report, ET BFSI
New Delhi, The overall securitisation volumes stood at Rs 45,000 crore in the first quarter of the current fiscal (FY25), down 20 per cent from the same period last year, largely due to the exit of a large housing finance company (HFC) in 2023, a report showed on...
How RBI’s BBPS mandate would impact fintechs and banks, ET BFSI
The Reserve Bank of India (RBI) has issued a directive that all credit card bill payments must be processed through the Bharat Bill Payment System (BBPS) starting July 1, 2024. This significant move aims to enhance the security and oversight of credit card...
LangChain: Understanding Cognitive Architecture in AI Systems
The term “cognitive architecture” has been gaining traction within the AI community, particularly in discussions about large language models (LLMs) and their application. According to the LangChain Blog, cognitive architecture refers to...
Weekly Economic & Financial Commentary: Because I Was Inverted
Summary United States: No Fireworks from the June Jobs Report It was a holiday-shortened week for many, but the economic data did not take a break. Nonfarm payrolls increased 206K in June; yet, downward revisions to the prior two months took much of the shine away...
US Fed official, ET BFSI
Mumbai, Central banks ought to own up for delivering on price stability and must be given the independence to act for achieving it, a top official from the Federal Reserve Bank of New York said on Friday. In a talk at the Reserve Bank of India (RBI) headquarters, the...
Mother of six whose $444 Trader Joe’s receipt went viral still considers the store ‘super cheap’
A video showing a California mom’s $444.38 grocery bill has been viewed more than 17 million times. And she told MarketWatch she’s actually OK with the total tab.
RBI penalizes PNB, four other banks for regulatory non-compliance in first week of July, ET BFSI
In the first week of July, the Reserve Bank of India (RBI) penalized Punjab National Bank (PNB) and four other banks for non-compliance with various RBI directions. PNB was penalized with a penalty of Rs 1.31 crore, becoming the fifth bank for getting the brunt of the...
The Weekly Bottom Line: Gearing Down
U.S. Highlights This week’s data all flashed signs of an economy slowly gearing down. Both ISM indicators signaled contraction, while revisions to prior month’s payrolls gains and an uptick in the unemployment rate show the labor market continues to cool. All eyes...
Tesla’s stock extends winning streak, turns green for first time in 2024
Tesla’s stock battled through a seesaw start to close higher Friday, extending their longest winning streak in more than a year and turning positive for 2024.
BNB Chain Announces Winners of 2024 Q2 Hackathon
The BNB Chain has officially announced the winners of its 2024 Q2 Hackathon, themed 'One BNB – Coding the Future.' This event attracted developers globally, showcasing a plethora of talent and innovative projects. Out of 196 submissions,...
Former HDFC CEO Keki Mistry, ET BFSI
BUDGET 2024: Finance Minister Nirmala Sitharaman is likely to focus on policies around affordable housing in the upcoming Union Budget, former HDFC CEO Keki Mistry told ETNow in an interview recently."I think the focus will be on affordable housing in my opinion and...
Sebi issues new guidelines to streamline operations of credit rating agencies, ET BFSI
Markets regulator Sebi has issued new guidelines to streamline operations and enhance the ease of doing business for credit rating agencies. The circular introduces specific timelines for dealing with appeals made by companies regarding rating actions carried out...
The Week Ahead – Will US Inflation Data Derail Market Optimism?
Soft US economic data, including lower-than-expected job growth, has increased market expectations for a September rate cut. The week ahead features important data releases, including US inflation figures and Chinese inflation data. US Inflation holds the key to a...
This new S&P 500 buy signal gives you another reason to stay bullish about stocks
NYSE new highs overtake new lows, and there’s activity in Akamai and Walgreens shares.
RBI launches quarterly survey on order books of manufacturing sector, ET BFSI
Mumbai, The Reserve Bank of India (RBI) on Friday announced the launch of quarterly "order books, inventories and capacity utilisation" survey of companies in the manufacturing sector -- a key input it uses to formulate the monetary policy. The RBI has been conducting...
What is angel tax and why has DPIIT sought its removal?, ET BFSI
Removal of the contentious angel tax for startups may be part of the Union Budget announcement, as per the recommendations from the Department for Promotion of Industry and Internal Trade (DPIIT). DPIIT secretary Rajesh Kumar Singh confirmed on Thursday that the...
S&P 500 scores record high as jobs data point to cooling ‘but not collapsing’ economy
The U.S. stock market has extended its summer rally, with the S&P 500 index climbing to yet another record peak Friday as investors weighed the latest jobs report.
Tesla shares wipe out loss for the year with 27% rally this week
Elon Musk attends "Exploring the New Frontiers of Innovation: Mark Read in Conversation with Elon Musk" during the Cannes Lions International Festival Of Creativity 2024 - Day Three in Cannes, France, on June 19, 2024.Marc Piasecki | Getty ImagesTesla's stock price...
‘Reformist’ Masoud Pezeshkian elected president
FILE PHOTO: Presidential candidate Masoud Pezeshkian shows the victory sign during a campaign event in Tehran, Iran June 23, 2024.Majid Asgaripour | Via ReutersIran elected Masoud Pezeshkian to its presidency, in an unexpected victory for the country's reformist camp...
Summary 7/8 – 7/12
Monday, Jul 8, 2024 Tuesday, Jul 9, 2024 Wednesday, Jul 10, 2024 Thursday, Jul 11, 2024 Friday, Jul 12, 2024 The post Summary 7/8 – 7/12 appeared first on Action Forex.
Hong Kong’s SFC Alerts Public on Seven Entities Suspected of Virtual Asset Fraud
The Securities and Futures Commission (SFC) of Hong Kong has issued a public warning about seven entities suspected of being involved in virtual asset-related fraud. This announcement, made on July 5, 2024, is part of the SFC's ongoing...
XTM announces Cease Trade Order
XTM Inc, a Fintech creator of payment innovations, announces that on July 3, 2024, the Ontario Securities Commission (OSC) issued a failure-to-file cease trade order (FFCTO) to the Corporation. The FFCTO is a result of XTM’s failure to file the following: audited...
Cronos (CRO) Mainnet V1.3 Upgrade Scheduled at Block Height 14,920,000
The Cronos (CRO) blockchain is set to undergo a significant upgrade with the upcoming Mainnet V1.3, aimed at enhancing backward compatibility and RPC improvements. According to the Cronos Newsletter, the upgrade is scheduled to occur at...
Greaves Finance appoints P B Sunil Kumar as its new ED & CEO, BFSI News, ET BFSI
Previously Kumar worked in diverse sectors like finance, consulting, and healthcareMumbai: Greaves Finance has appointed P B Sunil Kumar as its new Executive Director and Chief Executive Officer to accelerate financing in the electric vehicle segment, the company said...
US Fed official, ET BFSI
Mumbai, Central banks ought to own up for delivering on price stability and must be given the independence to act for achieving it, a top official from the Federal Reserve Bank of New York said on Friday. In a talk at the Reserve Bank of India (RBI) headquarters, the...
If your mother had Alzheimer’s, your chances of getting it are higher
If your mother had Alzheimer’s disease at any age, your chances of getting it are higher, according to a recent study in JAMA Neurology.
Biden sits for ABC News interview as he weathers Trump debate fallout
U.S. President Joe Biden is welcomed by Air Force Colonel Angela Ochoa (R) as he arrives to board Air Force One at Joint Base Andrews in Maryland on July 5, 2024.Saul Loeb | AFP | Getty ImagesWith his reelection campaign facing an existential crisis, President Joe...
Chiliz (CHZ) Partners with PUML to Enhance Fan Engagement with Gamified Health and Wellness
Chiliz (CHZ), the sports and entertainment blockchain leader, has announced a strategic integration with PUML Better Health, a platform specializing in gamified health and wellness. This collaboration aims to deliver Move to Earn and Fan...
Eurozone retail sales rises 0.1% mom in May, EU up 0.1% mom too
Eurozone retail sales volume rose 0.1% mom in May, below expectation of 0.2% mom. Sales volume, increased by 0.7% mom for food, drinks, tobacco, and by 0.4% mom for automotive fuel in specialized stores. Sales volume fell -0.2% mom for non-food products (except...
GlobalFoundries hiring as semiconductor chip demand rises
The semiconductor industry is recruiting workers in a tight labor market, as the competition for talent ramps up and funding from the CHIPS and Science Act designed to spur domestic production continues to be dispersed.It's also staring down a projected shortfall of...
Nio’s stock hit hard as E.U. to charge China-based EV makers sharply higher duties
Nio’s stock pulled back sharply Friday in the wake of the European Union’s decision to impose higher tariffs on electric vehicles imported from China.
US NFP rises 206k in Jun, but May and Apr revised sharply lower
US Non-Farm Payroll employment increased by 206k in June, above expectation of 180k. Growth was slightly lower than average monthly gain of 220k over the prior 12 months. However, prior month’s growth was revised sharply lower from 272k to 218k. April’s figure was...
U.S. economy and jobs market are showing cracks. Fed rate cuts are not far off.
Forget the summer heat: The economy appears to have caught enough of a chill that the Federal Reserve is likely to cut interest rates soon.
Prospects of a Solana (SOL) ETF: What Lies Ahead?
VanEck and 21Shares have announced their intentions to list a Solana (SOL) ETF, creating a buzz within the cryptocurrency community. The news has already caused Solana's price to surge, reflecting the market's optimism about the potential...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0791; (P) 1.0804; (R1) 1.0825; More…. Intraday bias in EUR/USD remains on the upside for the moment. Rise from 1.0665 is in progress to 1.0915 resistance first. Firm break there will resume whole rebound from 1.0601. Nevertheless, on the downside,...
How the IRS is using a bigger budget — and more ‘swagger’ — to audit more rich taxpayers. ‘They are pushing hard now.’
Longtime tax avoiders are realizing they had taken “false comfort” in thinking they weren’t on the IRS’s radar.
Indian banks know climate is their biggest threat, BFSI News, ET BFSI
Twice a year, the Reserve Bank of India reviews the stability of the country’s financial system. Its latest report made for good headlines: The proportion of loans that have gone sour is at a multiyear low, and likely to decline further.But buried in the report is a...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2744; (P) 1.2756; (R1) 1.2772; More… Intraday bias in GBP/USD remains on the upside for the moment. Rise from 1.2612 is in progress for retesting 1.2859 high. Firm break there will resume whole rally from 1.2298. On the downside, though, below...
Oil prices on track for 4th straight weekly gain
Oil futures climbed on Friday, with U.S. and global benchmark prices headed for their fourth straight weekly gain as a recent drop in U.S. crude supplies and a rise in gasoline demand helped to ease some concerns over the outlook for energy demand.
Echoes of Empire: Analyzing the Fall of a Galactic Civilization
The galaxy once flourished under the rule of the Empire, a vast civilization that spanned all of charted space. The Empire’s architects designed a system of checks and balances, intending to prevent any single faction from gaining...
Arkham Intelligence Partners with Galatasaray S.K. for 2024/25 Season
Arkham Intelligence Announces Partnership with Galatasaray S.K.Arkham Intelligence has officially announced a strategic partnership with Galatasaray S.K., the reigning champions of the Turkish Süper Lig. This collaboration, set to span...
EU banks likely to seek more time for CCIL trade cut-off, BFSI News, ET BFSI
Four foreign banks caught in a regulatory stalemate between European Union and Indian regulators are likely to make a request to their individual home authorities in the coming days to extend a deadline to trade with the principal local clearing house for government...
How a burger shack owner allegedly toppled a government and evaded taxes on $7 billion in U.S. military contracts
Douglas Edelman has been charged with hiding $350 million in income. He allegedly spent the money on yachts and an Austrian chalet.
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8983; (P) 0.9012; (R1) 0.9031; More… Intraday bias in USD/CHF remains neutral first as consolidation from 0.9049 is extending. Further rise is mildly in favor as long as 0.8956 support holds. Above 0.9049 will affirm the case that corrective fall...
How to trade Tesla’s stock
Also: An expensive stock market, improving home affordability in some areas, and a different way to think about Nvidia’s success.
TezDev 2024 to Kick Off Next Week in Brussels
The TezDev 2024 conference, the premier event for the Tezos ecosystem, is set to commence next Thursday, July 11, 2024, at the Royal Library of Belgium (KBR) in Brussels. This eagerly anticipated event coincides with the Ethereum...
Bandhan Bank shows strong growth in deposits and Advances for June, ET BFSI
Leading private bank Bandhan Bank has reported impressive year-on-year growth in loans & advances, reaching Rs 1,25,619 crore in June 2024, marking a 21.8 per cent surge from the previous year's figure of Rs 1,03,169 crore. The Bank's total deposits also...
Canada’s Job Market Softens Further in June
Canadian employment was essentially unchanged in June (-1.6k), disappointing expectations for a modest 25k gain. Job losses were once again in full-time positions (-3.4k), while part-time jobs rose only slightly (1.9k). As a result, the unemployment rate rose two...
Gold Maintains Upward Trend as Market Anticipates US Jobs Data :: InvestMacro
By RoboForex Analytical DepartmentGold prices have continued their ascent, with a troy ounce of the precious metal reaching USD 2363. This rise is primarily fuelled by anticipated US employment data for June, which could significantly influence the Federal Reserve’s...
Macy’s stock rallies as Arkhouse, Brigade reportedly sweeten their buyout offer
After earlier unsuccessful buyout bids for Macy’s Inc., investment firms Arkhouse Management and Brigade Capital Management are trying again, raising their offer for the retailer by around $300 million, the Wall Street Journal reported on Wednesday.
US: Payroll Gains Decelerate in June, While Unemployment Rate Ticks up to 4.1%
Non-farm employment increased by 206k in June, slightly above market expectations for a gain of 190k. However, job gains for the prior two months were revised materially lower by roughly 111k jobs. Private payrolls rose 136k, with most of the gains concentrated in...
Bank of Maharashtra logs 19 pc loan growth in Apr-Jun, BFSI News, ET BFSI
New Delhi, State-owned Bank of Maharashtra (BoM) on Friday reported a 19 per cent growth in credit to Rs 2.09 lakh crore for the April-June quarter. The outstanding credit was Rs 1.75 lakh crore at the end of June 30, 2023, BoM said in a regulatory filing. The...
Exclusive: Sabrina Elofer sentenced to time served in Yukom binary options scam
FNG Exclusive… FNG has learned that Sabrina Elofer has been released to six months of home confinement, after United States District Judge Paula Xinis sentenced her to time served, in the Yukom Communications binary options scam. Ms. Elofer has also agreed to pay more...
IRS leaves no wiggle room on higher taxes for legal cannabis companies
The IRS says legal cannabis companies cannot take the usual tax deductions.
Common Ground World Hosts Town Hall on July 5th with Exciting Updates
Gala Games is set to host a highly anticipated Town Hall for its popular game, Common Ground World, today at 8 AM PT. The event will be streamed live on the Gala Games YouTube channel, offering players a chance to catch up on the latest...
Week Ahead – Round Two of French Elections, Powell Testimony and US CPI
French parties race to block Le Pen’s RN Powell testifies before Senate Banking Committee US CPI data to shake Fed rate cut bets RBNZ to leave OCR untouched, focus on language Euro traders keep gaze locked on French election Traders will be sitting on the edge of...
Gold and silver futures look to end at 1-month highs after monthly U.S. jobs data
Gold and silver futures looked to post their highest settlements in a month on Friday as downbeat U.S. economic data fueled expectations for an interest-rate reduction by the Federal Reserve.
SBI announces initiatives to mitigate risks in agri loan portfolio, ET BFSI
New Delhi, The country's largest lender SBI on Thursday announced 11 new initiatives -- including enhancement of its digital banking features and opening of 35 new Agricultural Centralised Processing Cells -- to mitigate risks in its agricultural loan portfolio. On...
Bitcoin is down to $55,000. Switzerland is seeing a further decline in inflation :: InvestMacro
By JustMarkets The US stock market did not trade yesterday due to the US Independence Day celebrations.On Friday, the dollar index held near 105, hovering at three-week lows as investors await the release of an important US jobs report expected to show further signs...
UK’s Starmer appoints Reeves and Rayner to top ministerial team
Labour's shadow chancellor of the exchequer Rachel Reeves.Dan Kitwood | Getty Images News | Getty ImagesBritain's new Prime Minister Keir Starmer began appointing his ministerial team on Friday following a thumping election victory for his Labour Party, naming Rachel...
Spotlight on Kiwi as RBNZ Decides on Rates Next Week
Interest rates expected to hold stable at a 15-year high of 5.5% NZ inflation is still problematic; will the RBNZ talk about a rate hike again? NZDUSD bulls have some work to do; must surpass 0.6188-0.6200 to gain more fuel Kiwi has poor performance The New Zealand...
Why one Wall Street strategist is giving up on publishing year-end targets for the S&P 500
One Wall Street macro strategist has decided to abandon the practice of publishing year-end targets for the S&P 500, arguing that these forecasts no longer provide much benefit to clients.
HKMA Imposes HK$10 Million Fine on DBS Bank (Hong Kong) for AML Failures
The Hong Kong Monetary Authority (HKMA) has announced a disciplinary action against DBS Bank (Hong Kong) Limited (DBSHK), imposing a significant monetary penalty of HK$10 million. The penalty was levied for contraventions under the...
HDFC Bank falls as India’s top private bank posts sequentially weak Q1 loans, deposit growth, ET BFSI
BENGALURU - Shares of India's top private lender HDFC Bank fell over 3% on Friday, a day after it reported a drop in loans during the three months ended June 30, and no rise in deposits from the previous three months.HDFC Bank on Thursday said its gross advances...
Should you get travel insurance? Why it might be a smart buy after Hurricane Beryl — with one caveat
As Hurricane Beryl churns through the Caribbean, its strength so early in the hurricane season — and the summer travel season — is a reminder of the value of travel insurance, experts say.
Sunset Market Commentary – Action Forex
Markets Payrolls have arrived. Net job creation in the US amounted to 206k in June. While slightly topping the 190k estimate, it came with a significant downward revision for the previous two months (-111k). In addition, about a third of June’s jobs came on the...
FINRA fines RBC Capital Markets for alleged rule violations
RBC Capital Markets, LLC has agreed to pay a fine of $75,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). From January 2016 to at least December 2023, RBC’s system that provided customers with rights of reinstatement benefits on...
Understanding the Data Ownership Protocol (DOP) and Its Impact on Web3 Privacy
The Data Ownership Protocol (DOP) is emerging as a pivotal initiative aimed at transforming data privacy and control within the Web3 ecosystem. According to blog.bitfinex.com, DOP employs advanced cryptographic technologies such as...
The debate about ‘quiet vacationing’ is as American as the Fourth of July
“It’s not just dishonest workers trying to steal time. It’s people that feel burdened by the weight of the workplace.”
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 160.92; (P) 161.30; (R1) 161.66; More… Outlook in USD/JPY is unchanged and intraday bias remains neutral at this point. Further rally is expected as long as 160.25 minor support holds. Break of 161.94 will resume larger up trend to 61.8% projection...
Manish Kothari, Kotak Mahindra Bank, ET BFSI
With the Indian economy expected to see a growth rate of 7.2% in FY25, the firms in the MSME segment too would see good growth. This presents a great opportunity for banks, says Manish Kothari, Head, Commercial Banking, Kotak Mahindra Bank. Banks would also have to...
Binance Celebrates Seven-Year Anniversary with $7,000 in BNB Rewards and Exclusive Merchandise
Binance, one of the world's leading cryptocurrency exchanges, is celebrating its seven-year anniversary with an array of exciting events, giveaways, and rewards. The festivities, which run from July 5 to July 10, 2024, will feature...
US500 set for major pullback? :: InvestMacro
US500 gains 15% in first half of 2024April only negative trading month this yearUS CPI, Powell Testimony & Big bank earnings in focusBullish but RSI overbought on multiple timeframesTechnical levels – 5600, 5500 & 5460The UK general election is done and dusted...
JPMorgan Chase, Citi and Wells Fargo earnings to follow relative strength in their stocks
U.S.’s largest banks draw investor support as havens from sector headwinds from commercial real estate woes.
NFP Revisions Hits Dollar; But September Fed Cut Still Uncertain
Dollar weakened broadly after the release of the US Non-Farm Payroll report, though the initial selloff was far from decisive. June’s employment data showcased a robust labor market with near-average job and solid earnings growth , coupled with just a slight uptick in...
Ujjivan Small Finance Bank raises secured business share, BFSI News, ET BFSI
Kolkata: Ujjivan Small Finance Bank has scaled up its secured loan business by 440 basis points over the past one year to 31.5% at the end of June as part of its diversification plans while its overall loan portfolio rose 19% to Rs 30,091 crore.About 27% of its gross...
My spouse and I are 60 and receive $145,000 a year in pensions. Do we need to worry about inflation killing our retirement plans?
“Our annual expenses are $105,000 and that includes travel, entertainment and maintenance.”
Mt. Gox begins repaying bitcoin to creditors a decade on from collapse
Thomas Trutschel | Photothek | Getty ImagesThe trustee for Mt. Gox, the Japanese bitcoin exchange that collapsed into bankruptcy a decade ago, on Friday said that the company has begun to make payments in bitcoin and in bitcoin cash to some of its creditors.The...
Leverate releasing Prop V 2.2 with Challenge Retry, enhanced broker portal
Leading broker technology provider Leverate has announced two major updates that the company says will revolutionize the trading experience: the release of Prop V2.2, and the new and improved Broker Portal. The following is a brief overview of the forthcoming features...
Canada’s employment falls -1.4k in Jun, unemployment rate rises further to 6.4%
Canada’s employment contracted -1.4k in June, much worse than expectation of 25.0k growth. Unemployment rate rose from 6.2% to 6.4%, above expectation of 6.3%. It has now risen 1.3% since April 2023. Employment rate fell -0.2% to 61.1%. Total hours worked were down...
Binance Completes Merge of Fetch.ai (FET), Ocean Protocol (OCEAN), and SingularityNET (AGIX) Tokens
Binance, a leading cryptocurrency exchange, has successfully completed the token merge of Ocean Protocol (OCEAN) and SingularityNET (AGIX) into Fetch.ai (FET), according to Binance. This merge is part of a new initiative under the project...
Putin’s Hungarian ally Orban draws EU ire over ‘peace mission’ to Moscow
Russia's President Vladimir Putin meets with Hungary's Prime Minister Viktor Orban at the Kremlin in Moscow on July 5, 2024. Valery Sharifulin | Afp | Getty ImagesRussia's closest European ally, Hungarian Prime Minister Viktor Orban, has drawn ire from the EU over his...
What Nvidia investors can learn from the roaring 1920s and the radio bubble
Nvidia’s rise in the past two years shares some similarities with RCA’s in the bull run of late 1920s, representing an emerging hot technology, but one that also faced many questions.
PSU banks will continue to ride on strong loan growth & benign credit cycle in FY25: Rahul Malani, ET BFSI
Rahul Malani, Equity Research Analyst, Sharekhan, says PSU banks are reporting strong loan growth versus their private peers right now. In terms of PNB has reported a sequential pickup in the loan growth versus the numbers also. So, Sharekhan continues to believe that...
XAU/USD Outlook: Gold Price Remains at the Front Foot Ahead of US NFP Report
Gold price rose further on Friday morning and pressuring important technical barriers ahead of release of key US NFP report. The metal rose around 1.7% for the week so far, benefiting from weaker dollar on soft US macroeconomic data, which point to a slowing US...
Interactive Brokers to add Custom Layouts and Multi-Window Management to IBKR Desktop platform
Electronic trading major Interactive Brokers has plans to expand the capabilities of its IBKR Desktop platform. The broker plans to add: Custom Layouts and Multi-Window Management Improved Asset and Search Features Translation/Localization Level II Market Data Time...
A Step-by-Step Guide to Build a Web3 Startup
The rapid evolution of the digital landscape has introduced the world to many innovative advancements. Web3 promises new approaches for using the internet without the concerns of someone spying on you. Entrepreneurs have been experimenting with web3 startup ideas for...
EU could fine X for hosting ‘illegal’ content in aftermath of Hamas October 7 attacks: report
The European Commission is set to serve X, formerly Twitter, with a formal warning for allegedly breaching the EU’s new Digital Services Act
Influencing LINA, IOST and AMB, Binance to Delist Multiple Spot Trading Pairs Amid Periodic Review
Binance, a leading cryptocurrency exchange, has announced the removal of several spot trading pairs, including AMB/BTC, IOST/BTC, LINA/BTC, as part of its periodic review process. The delisting is set to take effect on July 6, 2024,...
Pound About to Change Its Course
2024 has every chance of being the biggest election year, with well over half of the world’s population going to the polls. The next chapter in this saga is today, with the announcement of the results of the UK general elections. The results were generally in line...
HDFC Bank mulling loan portfolio sale amid growth scrutiny, BFSI News, ET BFSI
HDFC Bank Ltd. is mulling the sale of a loans portfolio, according to people familiar with the matter, amid heightened regulatory scrutiny on the nation’s lenders as their credit growth surges.India’s biggest private sector bank has approached public sector lenders,...
Koss continues rally as meme-stock chatter continues around the headphone maker
Shares of Koss Corp. rose 7.6% in premarket trades Friday as meme-stock chatter continues to swirl around the headphone maker.
NITI Aayog’s WEP and TransUnion CIBIL launch SEHER to empower women entrepreneurs financially, ET BFSI
The Women Entrepreneurship Platform (WEP), an initiative by NITI Aayog, and TransUnion CIBIL on Friday announced the launch of SEHER, a credit education program aimed at empowering women entrepreneurs across India.This initiative, under the aegis of NITI Aayog, is...
Ant Group presents cloud-based cryptographic computing platform
Ant Group today unveiled SecretFlow Cloud, its cloud-based cryptographic computing platform, and a suite of cryptographic computing solutions tailored for large language models (LLMs). Leveraging integrated software-hardware cryptographic computing technologies, these...
OKX Completes AGIX Token Migration, Ends AGIX Deposits
Cryptocurrency exchange OKX has announced the successful completion of the AGIX token migration, according to OKX. This update marks a significant step in the platform's ongoing efforts to enhance its token offerings and streamline its...
‘I’m appalled’: My grandfather co-signed his grandson’s student loan. After my grandfather died, my cousin skipped town. Will the estate have to pay the debt?
“The loan is now in default, and I have no idea where this grandson is.”
UK Election: Labour Wins in a Landslide
The UK national election on Thursday propelled the Labour Party to a sweeping victory and Labour leader Keir Starmer will become the next Prime Minister. In the six-week election campaign of the election, Labour had a massive lead in the polls and there was no doubt...
How to Franchise Your Business with Alicia Miller » Succeed As Your Own Boss
Melinda F. Emerson, “SmallBizLady” is America’s #1 Small Business Expert. She is an internationally renowned keynote speaker on small business development, social selling, and online marketing strategy. As CEO of Quintessence Group, her Philadelphia-based marketing...
Bajaj Finance AUM jumps 31% as aggressive customer acquisition pays, ET BFSI
Bajaj Finance, a leading non-banking finance company (NBFC), reported a 31 percent year-on-year increase in its Assets Under Management (AUM) for the quarter ended June 30, 2024. The company's AUM rose to Rs 3.54 trillion, up from Rs 2.70 trillion in the same period...
OKX Ventures Invests in Prodia for Distributed Cloud Computing Expansion
OKX Ventures, the investment arm of the prominent crypto exchange and Web3 technology company OKX, has announced its participation in the seed investment round for Prodia, a distributed cloud computing firm. This strategic move highlights...
CME Group marks record international ADV of 7.8M contracts in Q2 2024
International derivatives marketplace CME Group today announced that its quarterly international average daily volume (ADV) reached a record 7.8 million contracts in Q2 2024, up 23% year on year. Reflecting all trading reported outside the United States, the record...
Big tech is not the haven some claim, so it’s time to raise cash, says this hedge fund
Tech winners are not immune to an economic slowdown
Historic French Vote Could Propel Le Pen to Power
French election: Will the far-right win a majority? French voters will head to the polls on Sunday, July 7 for round two of the parliamentary elections. In the first round, Mary Le Pen’s far-right National Rally party (RN) made big gains and won 33% of the vote....
Israel-Hezbollah war risk rises. Can Iron Dome be overrun?
Israel's Iron Dome anti-missile system intercepts rockets launched from the Gaza Strip, as seen from Ashkelon, in southern Israel, October 20, 2023.Amir Cohen | ReutersOn Thursday morning, Hezbollah said it launched 200 rockets into Israel — one of its largest attacks...
RBL Bank shares tumble 4% after Q1 update disappoints, BFSI News, ET BFSI
Shares of RBL Bank fell by 4.2% to a low of Rs 255 after the company’s June quarter update disappointed D-street. The bank’s total deposits recorded a 2% quarter-on-quarter (QoQ) decline in its total deposits at Rs 1.01 lakh crore.However, the number was an 18%...
Labour’s landslide victory sees U.K. housebuilder stocks surge
The Labour Party has pledge to build 1.5 million homes over the next five years in what analysts said could mark the ‘dawning of a new age’ for British housebuilders
Terrifying Crypto Sell-off – Action Forex
Market picture The crypto market cap has fallen back below $2 trillion, accelerating its decline and losing over 8%, while many altcoins have suffered double-digit losses within the last 24 hours. Bitcoin pulled back to $54.7K, losing around 6.5% since the start of...
HK regulator warns public of seven entities suspected of fraudulent virtual asset activities
The Securities and Futures Commission (SFC) of Hong Kong today warned the public of seven entities suspected of engaging in fraudulent activities purported to be related to virtual assets. The entities in question are: XTCQT; CEG; BTEPRO; Bitones.org; Yomaex Crypto...
IOTA Partners with Tokeny to Enhance Enterprise-Level Tokenization
IOTA has announced a strategic partnership with Tokeny, aiming to integrate Tokeny's enterprise-level tokenization technology into the IOTA EVM (Ethereum Virtual Machine). This collaboration is set to enhance on-chain compliance and...
The legacy of a market debacle — former U.K. Prime Minister Liz Truss is out of a job
Liz Truss, who was the shortest serving prime minister in the country’s history in 2022, lost her South West Norfolk seat by around 630 votes to Labour candidate Terry Jermy.
Gold Maintains Upward Trend as Market Anticipates US Jobs Data
Gold prices have continued their ascent, with a troy ounce of the precious metal reaching USD 2363. This rise is primarily fuelled by anticipated US employment data for June, which could significantly influence the Federal Reserve’s rate decisions. Recent US economic...
Sebi extends deadline for annual submissions by stock brokers, depository participants till Oct 31, ET BFSI
Capital markets regulator Sebi on Thursday extended the deadline till October 31 for submitting the annual audited accounts and net worth certificates by stock brokers and depository participants. According to a circular issued by Sebi, the markets watchdog has...
NBA star Chris ‘CP3’ Paul is selling this modern SoCal home for $16.5 million
The modern farmhouse in Southern California was built just four years ago. It has a stunning glass-box wine cellar.
Prop firm Stocknet Institute (SIworld) shuts down
UK based prop trading firm Stocknet Institute, which also operates under the brand SI World (websites stocknetinstitute.com and siworld.io), has announced that it has started the process of winding down its operations with the goal of permanently closing. Plan...
EUR/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 173.97; (P) 174.21; (R1) 174.61; More… Intraday bias in EUR/JPY is turned neutral first with current retreat, and some consolidations would be seen below 174.50. Further rally is expected as long as 170.87 resistance turned support holds, in case of...
Ray Dalio says Trump and Biden reflect decades of ‘horrendous leadership’ by Baby Boomers
Bridgewater Associates founder Ray Dalio said decades of ‘chronically horrendous leadership’ has now reached an apex in the form of Joe Biden and Donald Trump
Arkham Partners with Turkish Süper Lig Champions Galatasaray
Arkham Intelligence has announced a significant partnership with Turkish Süper Lig champions Galatasaray, according to arkhamintelligence.com. This collaboration aims to leverage blockchain analytics to enhance the sports sector,...
Indian banks know climate is their biggest threat, BFSI News, ET BFSI
Twice a year, the Reserve Bank of India reviews the stability of the country’s financial system. Its latest report made for good headlines: The proportion of loans that have gone sour is at a multiyear low, and likely to decline further.But buried in the report is a...
IG makes 25 more stocks available to trade during extended hours
Electronic trading major IG announces that new stocks have become available all-sessions on the IG platform. UK clients of the broker can now trade 25 more stocks in extended hours from 9am – 1am Monday to Thursday, and from 9am – 10pm on Fridays (all UK time). IG...
GBP/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 205.24; (P) 205.82; (R1) 206.36; More… Intraday bias in GBP/JPY is turned neutral with current retreat and some consolidations would be seen below 206.15. Further rise is expected as long as 200.72 resistance turned support holds. Firm break of 100%...
Bitcoin may head towards $50,000 as the crypto falls to a four-month low
Bitcoin on Friday plunged to the lowest level in over four months.
Binance to Support Galxe (GAL) Token Swap and Rebranding to Gravity (G)
Binance, a leading cryptocurrency exchange, has announced its support for the Galxe (GAL) token swap, redenomination, and rebranding to Gravity (G). This transition will involve several critical dates and actions for users holding GAL...
Indian shares open lower dragged by HDFC Bank, BFSI News, ET BFSI
BENGALURU -Indian shares opened lower on Friday, dragged by top private lender HDFC Bank, which reported a sequential decline in loans in the June quarter.The NSE Nifty 50 was down 0.45% at 24,193.05 points, while the S&P BSE Sensex shed 0.58% to 79,591.47 points...
RBI’s bumper payout to limit big ticket divestment; govt to maintain Rs 50k cr target: Report, ET BFSI
The record Rs 2.1 lakh crore dividend payout by the Reserve Bank of India will limit the need for big-ticket divestment, a domestic rating agency said on Thursday. Care Ratings said the new government will retain the interim budget's Rs 50,000 crore target on receipts...
DPIIT seeks Angel tax, inverted duty removal in Budget, BFSI News, ET BFSI
New Delhi: Ahead of the Budget 2024 later this month, the Department for Promotion of Industry and Internal Trade (DPIIT) has recommended the removal of the contentious Angel Tax for startups ecretary Rajesh Kumar Singh said Thursday. He also said the department has...
Expert committee submits report on net-zero transition finance to IFSCA, ET BFSI
The Expert Committee on Climate Finance has submitted its first report on Transition Finance to the International Financial Services Centres Authority (IFSCA).The Expert Committee, established by IFSCA, aims to develop a climate finance ecosystem with a focus on...
Mt Gox and German cops hit Bitcoin lower, under US$56K
Via The Block:Collapsed cryptocurrency exchange Mt Gox moved over 47,000 BTC -6.22% to another wallet late evening on Thursdaycomes ahead of its impending $9 billion worth of bitcoin repayment to creditors, “This significant payout, amounting to US$9 billion, is...
FX option expiries for 5 July 10am New York cut
There is just one to take note of, as highlighted in bold.That being for EUR/USD and a rather large one at that at the 1.0800 mark. However, the US holiday yesterday and dollar sluggishness on the week has seen price action move beyond the range of what I would've...
Saks Fifth Avenue buying Neiman Marcus in $2.65 billion deal, with backing by Amazon
High-end retail chains Saks Fifth Avenue will buy rival Neiman Marcus in a deal that will see Amazon.com and Salesforce also take stakes, the companies said in a statement on Thursday.
AI drives up earnings, shares pop
The Samsung logo is on display at their pavilion during the Mobile World Congress in Barcelona, Spain, on February 28, 2024. (Photo by Joan Cros/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesShares of Samsung Electronics jumped to their highest level...
Democratic donors say they won’t finance party until he drops out
U.S. President Joe Biden walks to deliver remarks after the U.S. Supreme Court ruled on former U.S. President and Republican presidential candidate Donald Trump's bid for immunity from federal prosecution for 2020 election subversion, at the White House in Washington,...
Dollar Under Pressure Ahead of NFP Data; Sterling Strengthens with Labour Victory
Dollar’s broad-based decline continues in Asian session today as market attention shifts to the highly anticipated US Non-Farm Payroll data. Traders are eager to see a weak report on job and wage growth to reinforce the expectation that the Fed will initiate a rate...
Binance to Delist Several Margin Trading Pairs on July 8, 2024
Binance, a leading cryptocurrency exchange, has announced the delisting of several margin trading pairs, effective July 8, 2024, at 06:00 (UTC), according to a recent announcement.Details of Delisted PairsThe affected pairs include:Cross...
Exclusive: Patricia Lyn Dixon joins Capital.com from Amazon as Global Head of Programmatic
FNG Exclusive… FNG has learned that Retail FX and CFDs broker Capital.com has hired Dubai based executive Patricia Lyn Dixon, as the company’s new Global Head of Programmatic. Patricia Lyn Dixon joins Capital.com from Amazon (NASDAQ:AMZN), where she spent the past...
GeForce NOW Expands Game Library with 22 New Titles in July
GeForce NOW, NVIDIA's cloud gaming service, is set to add 22 new games to its library in July, according to the NVIDIA Blog. The service aims to keep gamers entertained throughout the summer with a diverse lineup of new titles available...
Saks Fifth Avenue parent HBC to acquire Neiman Marcus Group
Saks Fifth Avenue store at the Waterside Shops. John Greim | Lightrocket | Getty ImagesSaks Fifth Avenue parent HBC said on Thursday it will acquire Neiman Marcus Group in a $2.65 billion deal combining the storied retailers.The combination will establish Saks Global,...
GBP/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 204.90; (P) 205.54; (R1) 206.68; More… Intraday bias in GBP/JPY remains on the upside for the moment. Firm break of 100% projection of 191.34 to 200.72 from 197.18 at 206.56 will target 138.2% projection at 210.17. On the downside, below 204.71...
Here Are the To-Do List Secrets That’ll Boost Your Productivity as an Entrepreneur
Here Are the To-Do List Secrets That'll Boost Your Productivity as an Entrepreneur - Small Business Bonfire Home » Business Ideas » Here Are the To-Do List Secrets That’ll Boost Your Productivity as an...
Gala Games Unveils Stars and Stripes Monument NFT for Independence Day in Common Ground World
In a bid to celebrate Independence Day, Gala Games has announced the introduction of the Stars and Stripes Monument, a Legendary NFT, in its popular game Common Ground World. According to Gala News, this exclusive item will be available...
Banks report credit card and forex spends separately in AIS, ET BFSI
Representational imageIn a move to enhance transparency and ensure accurate reporting of financial transactions, banks have begun to report credit card and foreign exchange (forex) spends separately in the Annual Information Statement (AIS). This move aims to provide...
Bitcoin More Likely to Fall to $51.5K Than Rise to $65.8K
Market picture The crypto market plunged 3.6% in 24 hours to $2.17 trillion, its lowest level since late February. Triggered stop orders in this morning’s thinly liquid market added to the magnitude of the decline, sending Bitcoin briefly below $57.7K and Ethereum to...
This July 4, here’s how much money you need to declare ‘financial independence’
About 160 million of us are still working for The Man.
Bitcoin Falls Below $60k to a Two-Month Low
Upon analysing the long-term BTC/USD chart on 16 May, we constructed a “roadmap” for Bitcoin’s price, which appeared as an expanding fan and consisted of a median with support levels below it and resistance levels above it. Analysing the BTC/USD chart last time on 28...
Banks in a bind over Trai mandate on digital consent, BFSI News, ET BFSI
Banks are in a fix over the latest regulation from the Telecom Regulatory Authority of India (Trai) that mandates digital consent for sending commercial communication.Lenders have reached out to the government, seeking clarity on whether consent is needed even for...
Texas Bitcoin Mining Operations Undergo Intensive Due Diligence
The CoinShares research team recently conducted a due diligence trip to Texas, assessing several Bitcoin (BTC) mining facilities, according to CoinShares. This evaluation included Core Scientific, IREN, Riot Platforms, and Galaxy Digital,...
Bertoletti wins after Joey Chestnut debacle
Patrick Bertoletti, Geoffrey Esper and other contestants compete in the 2024 Nathan's Famous Fourth of July International Hot Dog Eating Contest at Coney Island in New York City, U.S., July 4, 2024.Jeenah Moon | ReutersThere's a new top dog in the frankfurter eating...
USD/CAD Breaks Key Support – Action Forex
On 25 June, we noted that the USD/CAD price had approached a crucial support level—the lower boundary of a converging triangle, which indicated a relative balance of supply and demand in the market during May. Since then, the price has bounced twice from this level...
Navigating Autonomy in AGI Systems: Balancing Capability and Responsibility
The natural evolution of Artificial General Intelligence (AGI) systems continues to bring forth a fundamental question: how much autonomy should these systems possess? According to SingularityNET (AGIX), this question is pivotal as it...
I considered taking Social Security at 62 instead of waiting. Why you should too.
Your health, life circumstances and the viability of Social Security might conflict with your ideal age to start taking benefits.
Bandhan Bank shows strong growth in deposits and Advances for June, ET BFSI
Leading private bank Bandhan Bank has reported impressive year-on-year growth in loans & advances, reaching Rs 1,25,619 crore in June 2024, marking a 21.8 per cent surge from the previous year's figure of Rs 1,03,169 crore. The Bank's total deposits also...
Brent Crude – Oil Runs into Resistance as EIA Inventories Fall
Brent Crude oil prices rose on Wednesday due to a larger-than-expected draw in US crude inventories. The market anticipates further inventory reduction, leading to potential support for prices in Q4. Technical analysis suggests bullish continuation, with a key...
These tips for investing in mutual funds and ETFs give your portfolio a leg up
Trimming Nvidia, earnings season prep and thematic ETFs lose popularity.
Bitcoin (BTC) price slides to 2-month low after Fed meeting minutes
A worsening macroeconomic climate and the collapse of industry giants such as FTX and Terra have weighed on bitcoin's price this year.STR | Nurphoto via Getty ImagesBitcoin's price slumped to around $57,000 apiece Thursday, hitting a two-month low after the U.S....
Tezos Foundation Awards Grants to Innovative Projects Across DeFi and Gaming
The Tezos Foundation has unveiled the recipients of its latest grant program for May and June 2024, targeting a diverse array of projects that span across DeFi, gaming, and other innovative sectors, according to Tezos...
Bank of Maharashtra logs 19 pc loan growth in Apr-Jun, BFSI News, ET BFSI
New Delhi, State-owned Bank of Maharashtra (BoM) on Friday reported a 19 per cent growth in credit to Rs 2.09 lakh crore for the April-June quarter. The outstanding credit was Rs 1.75 lakh crore at the end of June 30, 2023, BoM said in a regulatory filing. The...
Tesla stock shows this curious pattern before and after earnings that you can trade
Shares typically decline during the two weeks ahead of earnings and gain over the following two weeks.
NWSL draws private-equity interest as team valuations soar
Women's soccer is bringing private equity off the sidelines.While other major U.S. sports leagues – Major League Soccer, the National Basketball Association, Major League Baseball and the National Hockey League – have allowed private equity investors to take passive,...
Sunset Market Commentary – Action Forex
Markets With US markets closed in observance of the 4th of July holiday; European based investors couldn’t do much but look forward and count down. Counting down to an almost certain outcome of the UK elections, to President Biden announcing to step out of the...
MEW Token Challenges Dog-Themed Memecoins on Solana Blockchain
Cat in a dog’s world (MEW) is a cryptocurrency project that stands out in the crowded Solana ecosystem memecoin landscape by adopting a unique cat-themed narrative. Launched on March 25, 2024, on the Solana blockchain, MEW aims to...
Why did Zomato exit NBFC, payments space?, BFSI News, ET BFSI
Zomato, a major player in the Indian food tech industry, has decided to exit the financial services sector. Zomato's wholly-owned subsidiary, Zomato Financial Services Limited (ZFCL), announced the voluntary withdrawal of its application to operate as a non-banking...
USDCAD Slides Towards the Lower Bound of a Range
USDCAD oscillates within a sideways range Momentum starts shifting negative A break below 1.3590 could turn the picture negative A move above 1.3750 could invite more bulls USDCAD came under selling interest this week, after hitting resistance near the 1.3750 zone,...
RBI’s bumper payout to limit big ticket divestment; govt to maintain Rs 50k cr target: Report, ET BFSI
The record Rs 2.1 lakh crore dividend payout by the Reserve Bank of India will limit the need for big-ticket divestment, a domestic rating agency said on Thursday. Care Ratings said the new government will retain the interim budget's Rs 50,000 crore target on receipts...
Crude Oil Moved Up But Looks Vulnerable
Crude oil inventories in US commercial storage fell by 12.2 million barrels last week, marking the sharpest decline since last July. The decrease is attributed to preparations for the start of the US driving season. Not only was the change significant, but it was also...
Bank of Maharashtra, Uco report low deposit growth, while advances rose much faster, ET BFSI
Kolkata: A day after the Reserve Bank of India (RBI) urged banks to bridge the gap between deposit and credit growth, two public sector banks reported subdued deposit mobilisation yet again.Bank of Maharashtra (BoM) and Uco Bank declared sub-10% deposit growth in...
Smith & Nephew shares surge as activist Cevian Capital reveals 5% stake
Shares in Smith & Nephew increased 7% on Cevian’s disclosure that it had built up a 5% stake
Bitfinex to List DOP, Native Token of Data Ownership Protocol (DOP)
Bitfinex, a leading digital asset trading platform, has announced that it will be among the first exchanges to list DOP, the native token of Data Ownership Protocol (DOP). According to a media release from Bitfinex, the Data Ownership...
Market Analysis: AUD/USD and NZD/USD Set for Steady Gains
AUD/USD is correcting gains from the 0.6735 zone. NZD/USD is showing positive signs and might attempt a fresh increase above 0.6120. Important Takeaways for AUD USD and NZD USD Analysis Today The Aussie Dollar started a downside correction from 0.6735 against the US...
ETMarkets Smart Talk: India’s economy poised for strong growth in second half of 2024, market outlook cautious: Vipul Bhowar, ET BFSI
“Given the current high valuations in the Indian equity market, there are expectations of subdued returns in the second half of 2024, with increased volatility and only marginal gains likely by the end of the year,” says Vipul Bhowar, Director, Listed Investments,...
Bitcoin sinks to a fresh session low, down 4.5%. Eyes on the May low and Mt Gox
The main line of thinking on bitcoin is that the recent round of selling pressure is related to the distribution of the 141,000 bitcoin from the Mt. Gox bankruptcy. It's hard to imagine that was 10 years ago but at the time bitcoin was trading at around $600.It will...
Without Joey Chestnut, the July 4 Nathan’s hot-dog-eating competition could be an actual contest
“This event is bigger than any one eater,” an event spokesperson said.
App compatibility, battery life shine
With Microsoft's new Surface Pro Flex Keyboard, you can type and use the trackpad without the accessory being physically connected to the 11th edition of the Surface Pro.Jordan Novet | CNBCWhen Microsoft announced its new line of Windows PCs in May, the company said...
Exclusive: XS.com adds SwissFS exec Rami Sami as Senior BizDev Manager
FNG Exclusive… FNG has learned that Retail FX and CFDs broker XS.com has hired experienced industry executive Rami Sami, as Senior Business Development Manager covering the MENA region. Rami Sami, who is based out of Cairo, joins XS.com from Kuwait based broker...
Jump in FII long-short ratio sans correction may be a new Normal, ET BFSI
The market current rally has enough elements to confuse even veteran traders. The FII long-short ratio, now beyond all traditional parameters, is probably the most puzzling of the lot.Until recently, the FII long-short ratio - a measure of the number of bullish bets...
Bitfinex Releases Version 1.99: Performance and UI Enhancements
Bitfinex, a leading cryptocurrency exchange, has unveiled its latest update, Version 1.99, focusing on enhancing performance and user interface (UI) elements. The update includes several key improvements and bug fixes aimed at...
Dollar’s Decline Slows as Selling Momentum Eases
Dollar remains subdued today, but selling momentum has turned weak. With US markets closed for the holiday, trading activity is expected to be light. Meanwhile, traders are also gearing up for tomorrow’s key US non-farm payroll data, which will be crucial. Further...
Is it ‘Joe-ver’ for Biden? It could be donors’ call.
Democrats need money to keep campaigning through the November election. That means donors have the power to force the party’s hand now.
Cronos (CRO) Unveils zkEVM Bridge Initiative
Blockchain platform Cronos (CRO) has announced the launch of its new zkEVM Bridge campaign, offering users the opportunity to earn points by bridging CRO tokens from Ethereum and Cronos EVM. This initiative is part of the Cronos zkEVM...
TradingView introduces new Percentage (LTP) calculation type for Renko, Kagi, and PnF charts
TradingView today introduced a new Percentage (LTP) calculation type for Renko, Kagi, and Point and Figure (PnF) chart types. In this mode, the box size is a percentage of the last traded price (LTP) at the moment when the symbol is loaded. Once calculated, this box...
Federal Bank leads in loan expansion among Kerala banks in Q1, ET BFSI
Kolkata: Federal Bank led the way in gross loan expansion among Kerala-headquartered lenders that have published their business numbers for the quarter ended June while CSB Bank showed the highest deposit growth.Federal Bank reported a 20% year-on-year rise in gross...
Retail investors have reached peak bullishness for Nvidia, these analyst say. Here’s where they may go next.
While Nvidia remains a top investment for many who believe the artificial intelligence story is here to stay, retail investors have likely hit “peak” bullishness.
ECB divided over rate cut at June meeting
Accounts from ECB’s June meeting reveal that “almost all members” supported the 25bps rate cut. However, there was a significant “dissenting view”, arguing that recent data and ongoing inflationary risks “did not support the case for a rate cut”. The dissenters...
Skydance Paramount deal for Redstone’s National Amusements revived
Shari Redstone, president of National Amusements, speaks at the WSJ Tech Live conference in Laguna Beach, California, on Oct. 21, 2019.Mike Blake | ReutersDavid Ellison's Skydance has reached a preliminary deal with Shari Redstone's National Amusements to merge with...
A financial markets ‘mystery.’ The Japanese yen’s slide is upending a once-reliable relationship
The yen weakens as the spread between Japanese bonds and U.S. Treasurys moves in Japan’s favor.
(ECB) Monetary policy accounts – Action Forex
Account of the monetary policy meeting of the Governing Council of the European Central Bank held in Frankfurt am Main on Wednesday and Thursday, 5-6 June 2024 4 July 2024 1. Review of financial, economic and monetary developments and policy options Financial market...
Saxo Bank sees further 4% drop in trading volumes in June 2024
Following a 20% decline in May, client trading volumes at Copenhagen based Retail FX and CFDs broker Saxo Bank continued to fall in June 2024, with total trading coming in at $371.6 billion for the month, down 4% from the previous month. While Equity trading was flat...
Report, BFSI News, ET BFSI
Mumbai, Investors are bullish on India as the economic growth rate is the fastest in the world. Private equity (PE) and venture capital (VC) funds invested $6.9 billion in May 2024 which is 54 per cent more on a year-on-year (YoY) basis, according to the EY-IVCA...
Binance Square Introduces $10,000 MANTRA (OM) Token Giveaway
Binance Square has unveiled a new Giveaway Center, offering verified users the chance to earn $10,000 in MANTRA (OM) token rewards by completing a series of simple tasks, according to Binance.Participation DetailsThe activity period runs...
4 things crypto investors should be watching the rest of this year
A weekly look at the most important news and moves in crypto, and what’s on the horizon in digital assets.
Tesla short sellers lost $3.5 billion in two days after Q2 deliveries
An electric vehicle of the model Y is pictured during the start of the production at Tesla's "Gigafactory" on March 22, 2022 in Gruenheide, southeast of Berlin. - US electric car pioneer Tesla received the go-ahead for its "gigafactory" in Germany on March 4, 2022,...
Ferrari’s success as a luxury brand comes down to five secrets
In the world of luxury, Hermès is arguably the gold standard.Its sales are growing double digits even as other luxury companies post declines or dramatically slower growth. Wealthy customers lucky enough to be anointed as Birkin-bag worthy can purchase a Birkin 25 for...
EURUSD Holds Above 200-Period SMA
EURUSD continues the rebound off 1.0670 Price is bullish in near term Momentum oscillators are mixed EURUSD is finding strong support at the 200-period simple moving average (SMA) in the 4-hour chart near 1.0785. Also, the pair has been holding in an upside tendency...
Exclusive: CMC Markets marketing exec Grant Ellis moves to Finalto
FNG Exclusive… FNG has learned that CMC Markets marketing executive Grant Ellis has left the company, and joined rival brokerage group Finalto. He will serve as Digital Marketing Manager at Finalto. Grant Ellis joined CMC Markets (LON:CMCX) in 2022 as Digital...
NABARD partners with Online PSB Loans Ltd to digitalize Jan Suraksha Schemes for regional rural banks, ET BFSI
New Delhi, National Bank for Agriculture and Rural Development (NABARD) and Online PSB Loans Limited have signed an agreement to promote financial inclusion through regional rural banks. The collaboration seeks to smoothen the process of enrolment and claim settlement...
If Biden drops out of the race, this is what will matter to the stock market
With President Joe Biden’s re-election campaign appearing to hang by a thread after last week’s debate debacle, investors understandably may wonder whether a change at the top of the Democratic ticket would move the stock market.
China EVs hit with EU tariffs; Nio says it may have to raise prices
The European Union on Thursday confirmed its decision to hike tariffs on electric vehicles imported from China — with one automaker issuing fresh warnings that it may have to raise prices as a result. The European Commission, the executive arm of the European Union,...
WTI Crude Oil Moves Sideways in the Very Short-term
WTI crude oil still above SMAs RSI and MACD indicate weakening momentum WTI crude oil futures are continuing to bounce off the 72.45 support level, remaining in an upside mood, but the current very short-term view is neutral. The price stands above the 81.90 support...
OKX Ventures Backs Compute Labs in Tokenized GPU Market Initiative
OKX Ventures, the investment arm of the leading crypto exchange and Web3 technology company OKX, has announced its participation in a pre-seed investment round for Compute Labs. The Singapore-based startup is pioneering the tokenization...
Why Trump’s running-mate choice could matter for oil companies, banks, tech and other sectors
As Donald Trump gets closer to announcing his pick for running mate, the presumptive Republican presidential nominee’s decision on his No. 2 could end up having an impact on industries.
CME Group to revise CME Globex Messaging Efficiency Program
Effective trade date Tuesday, October 1, CME Group will revise the CME Globex Messaging Efficiency Program to more effectively target messaging that can negatively impact system performance, impair efficient access to the market, and create unnecessary infrastructure...
Sensex breaches 80,000 level for 1st time, Nifty at record high on gains in banking shares, ET BFSI
Mumbai, Benchmark BSE Sensex breached the historic 80,000 level intraday for the first time while Nifty raced more than 162 points to close at a fresh lifetime high on Wednesday following heavy buying in banking and FMCG shares amid firm global market trends. The...
ECB’s Lane Expects wage growth normalization in 2025
ECB Chief Economist Philip Lane, speaking in Italy today, expressed optimism that wage growth will normalize by 2025, based on surveys and forward-looking indicators among companies. “The reason why we think inflation will come down next year is that this is the last...
J.P. Morgan bullish Stablecoins – see the market ‘growing again’
J.P. Morgan says the rally in crypto/bitcoin so far this year has fueled much of the growth in stablecoins:In contrast to last year when market participants were still reeling from the collapses of several high-profile crypto entities, the regional banking crisis,...
GDP malaise? Why U.S. second-quarter growth will be weak again.
The U.S. economy grew a drab 1.4% in the first three months of the year — and it looks like a shabby performance is in store for the second quarter.
Announcement – Certified ChatGPT Professional (CCGP)™ Certification Launched
ChatGPT gets more than a billion visits a day by desktop and mobile users, making it a huge success story and a must-know tool for every person in the world, no matter their age or profession. 101 Blockchains is excited to announce the launch of the new Certified...
Manta Foundation Allocates Treasury to wUSDM, Backed by BlackRock’s BUIDL Fund
The Manta Foundation has announced a strategic allocation of its stable crypto assets within the Treasury into wUSDM, a yield-bearing stablecoin by Mountain Protocol. This initiative is backed by BlackRock’s BUIDL Fund and managed by...
HKMA Issues Alert on Fraudulent Website Impersonating DBS Bank (Hong Kong)
The Hong Kong Monetary Authority (HKMA) has issued a public alert concerning a fraudulent website and internet banking login screen that are impersonating DBS Bank (Hong Kong) Limited. According to the HKMA, the fake website and login...
How Kamala Harris’s policies may differ from Biden’s, if she’s the Democratic nominee
If President Joe Biden were to bow out of the White House race, Vice President Kamala Harris is widely viewed as mostly likely to take his place as the Democratic nominee. So what would her policy proposals look like?
ASIC warns of NGS Crypto rebranding to Hiddup
The Australian Securities and Investments Commission (ASIC) has informed the public that NGS Crypto has rebranded to Hiddup. As at 1 July 2024, NGS Crypto’s website https://ngscrypto.com/ redirects to the website https://hiddup.com/. Hiddup’s website states that NGS...
Indiabulls Housing Finance rebrands itself, name changed to Sammaan Capital, ET BFSI
Non-banking finance company Indiabulls Housing Finance has changed its name to Sammaan Capital following the receipt of Certificate of Incorporation from the Registrar of Companies (RoC) and Certificate of Registration as an NBFC-ICC (Investment and Credit Company)...
EUR/USD Outlook: Remains Constructive But Formation of Bull-Trap Warns
EURUSD remains at the front foot in early Thursday’s trading and holding under new three-week high (Wednesday’s spike at 1.0816). Bulls probe again through cracked daily Kijun-sen (1.0791) and look for retest of daily cloud top (1.0808). Cloud top was dented on...
Is the stock market open on July 4 (and July 5)?
Expect plenty of closures on Independence Day, but some stores will be open.
Kamala Harris memecoin KAMA has rocketed higher
I thought KAMA was the Kaufman Adaptive Moving Average. I need to get with the times!KAMA meme coin chart via Coingecko" This article was written by Eamonn Sheridan at www.forexlive.com.
NZD/USD Continues to Climb Amidst USD Weakness
The NZD/USD pair has extended its upward movement into a third session, reaching 0.6106 amid growing weaknesses in the US dollar. Negative shifts in US economic indicators, particularly June’s disappointing private sector employment data from ADP and uncertain PMI...
GCEX Dubai appoints Saeed Al Darmaki as Non-Exec Director
GC Exchange FZE (GCEX), the UAE arm of FX and digital assets institutional brokerage GCEX Group, has announced that it has appointed Saeed Al Darmaki as Non-Executive Director for the UAE region. Saeed Al Darmaki brings a wealth of connections and significant...
Mitsubishi UFJ’s talks for stake in HDFC Bank said to hit snag, ET BFSI
Mitsubishi UFJ Financial Group Inc.’s negotiations for a minority stake in HDFC Bank Ltd.’s consumer lending unit are stalling due to differences over how much say it will have in company strategy, according to people familiar with the matter.While MUFG is still...
Binance Futures Adjusts Leverage and Margin Tiers for Multiple Perpetual Contracts
Binance Futures has announced updates to the leverage and margin tiers for several USDⓈ-M Perpetual Contracts, according to Binance. These changes will impact GALUSDT contracts starting from July 4, 2024, at 06:30 (UTC), and other...
‘I’m watching every last cent’: For July 4, my friend booked an Airbnb on Cape Cod — and said I’m welcome to visit. Should I offer to pay half?
“This vacation is already nearly breaking my budget.”
SoftBank shares hit record high after 24 years on Arm and AI boost
Masayoshi Son, CEO of SoftBank, speaks during the company's annual general meeting in Tokyo on June 20, 2024.Kosuke Okahara | Bloomberg | Getty ImagesSoftBank Group shares hit a record high on Thursday, just as the company's massive tech investment arm shows signs of...
US DJIA: UST Yield Curve Un-inversion May Help the Laggard to Catch Up
Yesterday’s lacklustre US ISM services PMI and ADP employment data for June increases the odds of a further US Treasury yield curve un-inversion. A further un-inversion above -0.08% on the US Treasury yield spread between 10-year & 2-year may trigger a bull...
Continental AG shares jump 10% as German firm predicts boost from China
Continental AG told analysts that it expects to achieve higher margins in the second quarter of 2024 compared to the first quarter of the year
Worldline, BKN301 extend their partnership in digital payments
Payment services provider Worldline continues its strategic partnership with BKN301, a Banking-as-a-Service fintech company that continues to grow in the digital payment services market. The partnership that began in 2022 includes BKN301’s integration of Worldline’s...
Rupee to trade in narrowest range in about 30 years on RBI’s actions, ET BFSI
By Anant ChandakBENGALURU -The Indian rupee will trade within the narrowest range in nearly three decades over the coming year as the Reserve Bank of India (RBI) continues to maintain its tight grip on the currency's movements, according to a Reuters poll.While most...
RBI tells banks to find ways to bridge the gap between credit and deposit growth, ET BFSI
Kolkata/Mumbai: The Reserve Bank of India has told banks to find ways to bridge the gap between credit and deposit growth and reduce credit-deposit ratio, raising concerns over the persistent higher credit growth than deposit mobilisation which could pose a risk in...
Standard Chartered says Bitcoin could hit US$100,000 by US election day
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,...
UK PMI construction falls to 52.2, slowing growth amid election uncertainty
UK PMI Construction fell to 52.2 in June, down from 54.7 in May, and below the expected 54.0. S&P Global highlighted the sharpest rise in employment in ten months, while inflationary pressures remained subdued. Andrew Harker, Economics Director at S&P Global...
What can salaried taxpayers expect from Union Budget 2024?, BFSI News, ET BFSI
As Finance Minister Nirmala Sitharaman prepares to unveil the Union Budget 2024, salaried taxpayers have high expectations for reforms that could significantly impact their finances.Salaried taxpayers are anticipating an overhaul of the income tax slabs. While the...
Factory orders in Germany slide in May
German factory orders tumbled in May, marking the fifth month of a decline from Europe’s industrial powerhouse, according to data released Thursday.
OKX Rolls Out 30-Day Verification for Withdrawal Addresses
Leading cryptocurrency exchange OKX has announced a new feature that introduces a 30-day verification period for addresses in its withdrawal address book. The feature, which went live at 7:00 am UTC on July 4, 2024, offers users the...
RBI guv Das asks banks to strengthen governance, risk management, ET BFSI
Mumbai, RBI governor Shaktikanta Das on Wednesday asked banks to further strengthen the governance standards, risk management practices and compliance culture. As part of the Reserve Bank's continuous engagement with the senior management of its regulated entities,...
Belgium’s FSMA registers rise in recovery room fraud in H1 2024
Belgium’s Financial Services and Markets Authority (FSMA) today published the dashboard on investment fraud for the first half of 2024. Fraudulent trading platforms and cryptocurrency scams still represent about half of the reports about unlawful activities received...
Growth in NBFC sanctions slows to 1.8% in Q4FY24 on RBI measures, ET BFSI
Mumbai: Lending by NBFCs grew 1.8% year on year on the fourth quarter of FY24 reflecting a moderation that was induced by the Reserve Bank of India. In November 2023, RBI made bank lending to NBFCs more expensive by increasing risk weightage for some segments.The...
AUDUSD Challenges Upper Limit of Its Range
AUDUSD attempts to break above sideways structure Oscillators are heavily tilted to the bullish side AUDUSD has been trading sideways for more than a month now, unable to adopt a clear directional impetus. However, in the last two sessions, the bulls have been testing...
Roche to halt lung-cancer drug trial after disappointing data
Roche Holding said it plans to halt a mid- and late-stage clinical study for a combination of drugs to treat lung cancer after it failed to meet the trial’s primary efficacy goals.
What are new Sebi rules for brokers to stop market abuse, BFSI News, ET BFSI
NEW DELHI: The Securities and Exchange Board of India (Sebi) has notified a new institutional mechanism that mandates stock brokers to implement systems for identifying and preventing market abuse including misleading appearance of trading, price manipulation, front...
Modi’s message from Parliament on business and economy, BFSI News, ET BFSI
In his reply to the Motion of Thanks on the President’s Address to Parliament in Lok Sabha yetserday and Rajya Sabha today, Prime Minister Narendra Modi made elaborate comments on a wide range of issues but the underlying message was the same: nothing has changed for...
Ether has dipped to its lowest since May 20
ETH has been losing ground since early last month. Its extended the loss a little more today: This article was written by Eamonn Sheridan at www.forexlive.com.
FX option expiries for 4 July 10am New York cut
There is just one to take note of on the day, as highlighted in bold.That being for NZD/USD at the 0.6130 level. It isn't one that holds any technical significance but could play a role in keeping a lid on price action amid holiday-thin trading today. The overnight...
For all the fear of black swans, the stock market is acting roughly the same
“If the modern world is growing ever more complex and more black swans are flying around as a result, it is not apparent in the historical return data,” says one market observer.
China leads the generative AI patents race; Tencent, Baidu top list: UN
TIANJIN, CHINA - JUNE 20: A humanoid robot Xiao Qi is on display during the 2024 World Intelligence Expo at the National Convention and Exhibition Center (Tianjin) on June 20, 2024 in Tianjin, China. (Photo by VCG/VCG via Getty Images)Vcg | Visual China Group | Getty...
Biden tries to calm Democrats as 2024 drop-out pressure mounts
President Joe Biden and his White House staff spent Wednesday delivering pep talks in calls and meetings with close allies, Democratic governors, legislators and campaign staff."Let me say this as clearly as I possibly can, as simply and straightforward as I can: I am...
Dollar Down on Fed Cut Bets, Eyes on Swiss CPI
Dollar faced significant selloff overnight as market participants ramped up bets on a September rate cut by Fed. This shift in sentiment propelled S&P 500 and NASDAQ to record highs too. However, the greenback managed to stabilize in Asian session as the forex...
Binance Margin Offers One-Hour Interest Fee Waiver for USDC and Select Cryptocurrencies
Binance Margin has unveiled a new promotional offer that provides a one-hour interest fee waiver for borrowing USDC and a selection of other cryptocurrencies. This promotion, which started on July 4, 2024, at 11:00 (UTC), will run until...
Gold-i and Cypator partner to enhance Crypto liquidity access for Retail/Margin Broker clients
Leading electronic trading industry tech provider Gold-i has announced that it is partnering with crypto Electronic Communication Network (ECN), Cypator. The parties said that this collaboration significantly enhances access to deep bespoke crypto liquidity pools for...
Binance to Support BNB Beacon Chain (BEP2) Upgrade and Hard Fork
Binance, a leading cryptocurrency exchange, has announced its support for the upcoming BNB Beacon Chain (BEP2) network upgrade and hard fork. This move aims to ensure the best user experience for its customers.Maintenance ScheduleIn...
Bank credit offtake remains robust and broadbased in May, personal loans cool down, ET BFSI
Gross bank credit offtake (ex-HDFC merger basis) witnessed an increase of 16.1% in May 2024, higher by 70 bps on a y-o-y basis.The services sector experienced strong credit growth of 20.7% y-o-y in May 2024, slightly lower than the 21.3% recorded in May 2023. This...
Oil prices end higher on light trading volume as supply drops more than expected
Oil prices settled higher Wednesday, on light trading volume ahead of the Independence Day holiday, after official U.S. data revealed a drop of more than 12 million barrels in crude inventories and a weekly rise in implied gasoline demand.
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2638; (P) 1.2663; (R1) 1.2710; More… GBP/USD’s rebound from 1.2612 resumes today and the break of 1.2705 resistance suggests that pull back from 1.2859 has completed. More importantly, rise from 1.2298 is not over. Intraday bias is back on the...
Open Campus Secures Arbitrum Foundation Grant to Launch EDU Chain for Education
Open Campus has announced the receipt of a significant grant from the Arbitrum Foundation to support the launch of EDU Chain, the first Layer 3 (L3) blockchain tailored specifically for the education sector. This groundbreaking initiative...
Koss shares skyrocket as meme-stock chatter again swirls around headphone maker
Koss shares saw their biggest daily percentage gain in over three years amid a frenzy fueled by the return of “Roaring Kitty” to social media.
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0721; (P) 1.0735; (R1) 1.0760; More…. EUR/USD’s rebound from 1.0665 resumed by breaking 1.0775 minor resistance today. Current development suggests that pull back from 1.0915 has completed. Intraday bias is back on the upside for 1.0915 resistance...
Buy this retailer’s stock as an AI play, analyst says
D.A. Davidson’s Michael Baker points to one retailer that stands to get a big AI boost in the coming months.
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.9026; (P) 0.9038; (R1) 0.9052; More… Intraday bias in USD/CHF is turned neutral first with current retreat. Further rise is mildly in favor as long as 0.8956 support holds. Above 0.9049 will affirm the case that corrective fall from 0.9223 has...
Injective (INJ)Announces Groundbreaking Developments in June Community Update
Injective (INJ)has released its June Community Update, detailing a series of groundbreaking developments within the Injective ecosystem. The month of June saw a flurry of activity and innovation, leaving the community with much to...
Is your active mutual fund beating the U.S. stock market this year?
Professional stock pickers who run mutual funds focused on U.S. stocks struggled in June, with only a small majority beating their benchmarks in the first half of this year, according to BofA Global Research.
CFTC secures Court order against Sam Ikkurty, Jafia, Ikkurty Capital in Ponzi scheme case
The Commodity Futures Trading Commission (CFTC) today announced Judge Mary Rowland of the Illinois Northern District Court entered an order granting summary judgment to the CFTC on all counts of its complaint. Judge Rowland also ordered more than $83.7 million in...
US ISM services falls sharply to 48.8, lowest in four years
US ISM Services PMI fell sharply from 53.8 to 48.8 in June, well below expectation of 52.5. That’s also the worst reading in four years. Looking at some details, business activity/production fell sharply from 61.2 to 49.6. New orders fell from 54.1 to 47.3. Employment...
‘None of these will survive’: The Supreme Court’s immunity decision may kill all the criminal cases against Trump
The opinion could hamstring all four criminal cases Trump has faced, legal experts say, leaving prosecutors in several — if not all of them — unable to proceed.
Exclusive: Capital.com hires Revolut exec Tarek Mahassen as Head of Risk
FNG Exclusive… FNG has learned that leading Retail FX and CFDs broker Capital.com has hired Tarek Mahassen as Head of Risk. He will be relocating from Spain to Dubai for his new position at Capital.com. Tarek Mahassen spent the past two and a half years at neobank...
Dollar Index Outlook: Dollar Extends Weakness after Downbeat ADP Data
The dollar index fell to one week low on Thursday, extending weakness into second consecutive day, after being pressured by dovish comments from Fed Chair Powell, while weaker than expected ADP private sector payrolls report further soured the sentiment. Fresh...
In 99% of the U.S., homes became less affordable this year. Here are the 7 places where they didn’t.
Housing prices have hit a new high, making it tougher for prospective buyers to afford a home in most places in the U.S., Attom Data Solutions said in a new report.
Riot Platforms (RIOT) Reports June 2024 Bitcoin Production and Hash Rate Achievements
Riot Platforms, Inc. (NASDAQ: RIOT), a leading player in the Bitcoin (BTC) mining industry, has announced its unaudited production and operations updates for June 2024. The company achieved a significant milestone by reaching a deployed...
NVIDIA’s GauGAN: Pioneering the Generative AI Landscape
Generative models have revolutionized the AI landscape, headlined by popular applications like ChatGPT and Stable Diffusion. According to the NVIDIA Blog, foundational AI models and generative adversarial networks (GANs) have sparked a...
ISM Shows Services Sector Shrinks in June
The ISM Services index tumbled to 48.8 in June from 53.8 in May, well short of the 52.7 consensus expectation. Only eight of 18 industries reported growth for the month – down from 13 in May. The business activity sub-index and new orders signaled shrinking activity,...
Famed NYC restaurant Serendipity 3 is opening a Times Square location
EXCLUSIVE: The privately owned business, a celebrity magnet that’s beloved for its frozen hot chocolate, joins such national brands as Hershey’s and Hard Rock Cafe in the tourist-centric locale.
Microsoft to settle case on protected leave for California employees
A logo sits illuminated at the Microsoft booth in the Mobile World Congress 2024 in Barcelona on Feb. 26, 2024.Xavi Torrent | Getty Images News | Getty ImagesMicrosoft is paying $14.4 million to settle a case in California over allegations that the company retaliated...
AUD/USD Sees Uptick Amidst Mixed Sentiment :: InvestMacro
By RoboForex Analytical DepartmentAUD/USD has climbed to 0.6676 yet remains in a “sideways” pattern, indicating a lack of clear directional momentum in the market.The Australian dollar’s appreciation is linked to a softening in the US dollar’s stance, influenced by...
Biden tells ally he’s weighing whether to stay in race: Reports
U.S. President Joe Biden reacts, as he meets with Iraqi Prime Minister Mohammed Shia al-Sudani (not pictured) in the Oval Office at the White House in Washington, U.S., April 15, 2024. Elizabeth Frantz | ReutersPresident Joe Biden has told a key ally that his...
Is the big slowdown in hiring finally here? June U.S. jobs report not supposed to show it.
The U.S. economy wasn’t supposed to churn out so many new jobs this year, according to the experts. But lots of businesses have been hiring to underpin a solid economic expansion.
Investors Await NFP to Validate Their Fed Rate Cut Bets
Investors expect two rate cuts, even though Fed signals one Recent data corroborates investors’ take Nonfarm payrolls waited for more confirmation The report comes out on Friday, at 12:30 GMT Fed appears hawkish, but data paint a different picture At its latest...
Marathon Digital (MARA) Reports June 2024 Bitcoin Production Increase
Marathon Digital Holdings, Inc. (NASDAQ: MARA), a leading company in digital asset mining, has released its unaudited Bitcoin (BTC) production and miner installation updates for June 2024. The company reported a 2% month-over-month...
dxFeed unveils Cboe One Canada Summary Feed
dxFeed, a market data solutions and index management provider for the global financial industry, both traditional and crypto, announces it has added the Cboe One Canada Summary Feed, a real-time Canadian equities market data product from Cboe Global Markets. This...
I’m in my 60s and mentored Gen Z students from NYU. This is what we taught each other.
Why mentoring in unretirement is great for you and young adults
Weak Data Hammers USD – Action Forex
The US private sector created 150K jobs in June, according to fresh ADP estimates. This is slightly weaker than expected and the lowest growth since January. Once again, the leisure sector (+63K) led the growth. Construction stands out, with net job growth of 27K for...
Kamala Harris’ allies strategize in case Biden drops out
Vice President Kamala Harris' allies are privately discussing what her candidacy would look like if President Joe Biden dropped out of the race for the White House, and how they could help her, following Biden's disastrous debate performance on Thursday, according to...
Most people earning $100K or more are making this huge 401(k) mistake
For high earners, saving up to your company match isn’t going to be good enough to replace the income you’ll need later on.
What you need to know :: InvestMacro
Opinion polls point to landslide Labour victoryUnexpected results could trigger volatility on GBP & UK100Bloomberg FX model: 77% GBPUSD – (1.2569- 1.2800)UK100 under pressure with W1 support at 8100Millions of voters in Britain will be heading to the polls...
OKX Announces Position Tier Adjustments for BTCUSDT and BTCUSD Expiry Futures
Cryptocurrency exchange OKX has announced upcoming adjustments to the position tiers for BTCUSDT and BTCUSD expiry futures. These changes are slated to take effect from 8:00 am to 10:00 am UTC on July 8, 2024, according to a statement...
Could Post-UK Elections Market Moves Resemble 1997 and 2010?
Thursday’s UK elections expected to bring political change Similar developments in both 1997 and 2010 weighed on the pound History points to a significant easing in pound volatility across the board Recent FTSE 100 performance matches the 2015 pre-election moves...
U.S. factory orders drop in May after three straight gains
Orders for manufactured goods fell 0.5% in May, the Commerce Department said Wednesday. It is the first decline after three straight monthly increases.
Sunset Market Commentary – Action Forex
Markets European markets today enjoyed some kind of a risk-on catch up move. A record close of the US S&P 500 above the 5500 mark yesterday apparently also inspired European investors (Eurostoxx 50 +1.3%). On French/intra-EMU bond markets, the risk premia also...
Exclusive: Former TopFX exec Rami Fleifel joins MetaQuotes as Sales Manager
FNG Exclusive… FNG has learned that longtime TopFX executive Rami Fleifel has joined MT4 and MT5 trading platform developer MetaQuotes, as Sales Manager. Rami Fleifel, who hails from Lebanon but based out of Cyprus for the past decade, had spent the past eight years...
Businesses show biggest contraction since pandemic, ISM finds. The economy may be weakening.
Service-oriented companies such as hotels, banks and retailers that dominate the economy contracted in June for the second time in three months in another sign growth in the U.S. is slowing.
BNB Smart Chain (BSC) Implements Key Changes in MEV Strategy
BNB Smart Chain (BSC) has introduced significant changes to its Maximal Extractable Value (MEV) strategy aimed at enhancing network efficiency, security, and user experience, according to the BNB Chain Blog.What is MEV?Maximal Extractable...
AUD/USD Daily Report – Action Forex
Daily Pivots: (S1) 0.6644; (P) 0.6657; (R1) 0.6681; More... AUD/USD’s rally from 0.6361 finally resumed by breaking through 0.6713 resistance and intraday bias is back on the upside. Further rise should be seen to 61.8% projection of 0.6361 to 0.6713 from 0.6619 at...
Chainalysis: MiCA’s Stablecoin Regime Faces Implementation and Legal Challenges
The Markets in Crypto-Assets (MiCA) regulation, designed to govern the rapidly evolving landscape of crypto-assets, is encountering significant practical and legal challenges. Despite extensive efforts by the European Banking Authority...
Hurricane Beryl puts focus on oil with climate change likely to intensify storms
Even though Hurricane Beryl is predicted to miss most of the offshore oil rigs in the Gulf of Mexico, the U.S. energy industry is on high alert over climate change and the risk of more frequent, more intense storms posing a growing challenge for the market in the...
Natural gas prices fall to a 7-week low. Tesla shares surge amid rising sales :: InvestMacro
By JustMarketsThe Dow Jones (US30) Index added 0.41% at Monday’s close, while the S&P 500 (US500) Index gained 0.62%. The NASDAQ Technology Index (US100) closed positive 0.84% on Tuesday. Stock indices ended Tuesday’s trading with moderate gains. Stocks found...
Is it possible to get a 5% mortgage rate? Yes, but here’s the catch.
Mortgage rates are hovering just below 7%, but there are ways for home buyers to get much lower rates.
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 161.22; (P) 161.52; (R1) 161.76; More… Intraday bias in USD/JPY remains on the upside for the moment. Current up trend should target 61.8% projection of 146.47 to 160.20 from 154.53 at 163.01. On the downside, below 160.95 minor support will turn...
3 reasons why bank and financial services stocks may bounce back, ET BFSI
Stating that the banking and financial services sector is a structural long-term theme with potential to grow faster than the economy, domestic brokerage firm WhiteOak Capital said the sector is likely to bounce back soon.Below are the three reasons why the domestic...
Bitcoin (BTC) Faces Potential Volatility Amid Investor Apathy, Glassnode Reports
The Bitcoin (BTC) market is currently experiencing a period of consolidation and uncertainty, with significant unrealized gains for long-term holders and notable losses for short-term holders, according to a report by Glassnode.Market...
Ford sales Q2 2024 edge 1% higher
Ford Mustang Mach E electric vehicles are offered for sale at a dealership on June 05, 2024 in Chicago, Illinois.Scott Olson | Getty ImagesFord sales rose 1% during the second quarter over the year-earlier period, led by a 5% gain in truck sales, the automaker said...
Interactive Brokers adds Option Exercise Column, Bond Accrued Interest in TWS platform
Electronic trading major Interactive Brokers continues to enhance its TWS platform, with the latest build (10.3) offering several novelties. Prior to placing a trade, Bond Traders may now view accrued interest on the Order Preview window. They may view this...
Cyberattack slams brakes on U.S. auto sales in June, but setback seen as temporary
Sales of new cars and trucks in the U.S. fell in June to a five-month low — and criminal computer hackers are largely to blame.
Which sectors are likely to be in the limelight?, ET BFSI
The anticipation for Budget 2024 is high, with expectations of significant tax relaxations. The government is likely to introduce measures to make the tax structure more attractive, continuing efforts to reduce the burden on the salaried class as seen in recent...
Dollar Weakens Against European Majors Ahead of Key Economic and Political Events
Dollar weakens notably against European majors in early US session, partially due to worse-than-expected ADP private job data. However, the primary reason seems to be traders becoming cautious ahead of several key events this week, including UK general elections, US...
HDFC Bank shares may gain amid potential MSCI Index weight change, ET BFSI
HDFC Bank shares are expected to attract significant attention in the near term due to a potential change in their weight in the MSCI Standard Index. Analysts estimate that a 50 basis points decline in foreign institutional investors' (FII) stake in the June 2024...
U.S. trade deficit jumps in May to highest level in 19 months
The U.S. international trade deficit widened 0.8% in May to $75.1 billion, the Commerce Department said Wednesday. It is the largest deficit since October 2022.
US jobless claims rises to 238k vs exp 235k
US initial jobless claims rose 4k to 238k in the week ending June 29, slightly above expectation of 235k. Four-week moving average of initial claims rose 2k to 239k. Continuing claims rose 26k to 1858k in the week ending June 22, highest since November 27, 2021....
CoinDCX acquires BitOasis – FX News Group
BitOasis, Dubai-based virtual assets trading platform announces a successful acquisition by India-based crypto exchange CoinDCX. BitOasis has previously received a strategic investment from CoinDCX in August 2023. Combined with the company’s newly acquired license in...
Manta Network and Blocksec Unveil Sequencer Threat Overwatch Program (STOP)
In a significant move to bolster blockchain security, Manta Network and Blocksec have announced the Sequencer Threat Overwatch Program (STOP). This initiative aims to enhance the security of Layer 2 (L2) solutions by providing robust...
Jobless claims rise to 238,000 and stay near one-year high
Three states, New York, New Jersey and California, accounted for most of the increase
Centre to come up with new accounting standards for banking and insurance sectors, ET BFSI
The Centre is developing new accounting standards for the banking and insurance sectors. This initiative aims to enhance transparency and align Indian financial practices with global standards.The Ministry of Corporate Affairs (MCA) is collaborating with ICAI to...
United Airlines texts travelers live radar maps to explain delays
A United Airlines plane seen at the gate at Chicago OHare International airport (ORD)on October 5, 2020 in Chicago, Illinois.Daniel Slim | AFP | Getty ImagesDon't believe bad weather is the reason your United Airlines flight is delayed? The airline will now text you...
Sebi’s levy order likely to erode Rs 2,000 crore from discount brokers’ income, hit client base, ET BFSI
The regulatory order to stock exchanges to collect uniform levies could shrink brokerage incomes by more than ₹2,000 crore, disproportionately affecting discount platforms and dashing popular zero-brokerage plans.Shares of several brokerages fell up to nearly 9% on...
AUD/USD Shrugs as Australian Retail Sales Jump
The Australian dollar is drifting on Wednesday. AUD/USD is trading at 0.6674 in the European session, up 0.11% on the day. Australian retail sales climb 0.6% Australian consumers have been counting their pennies and reducing discretionary spending. Consumers are...
Cathie Wood’s ETFs sell Tesla’s stock for the first time in 9 months
The sale comes after Tesla’s stock closed Tuesday at a six-month high after strong second-quarter deliveries data.
ACCC allows ABA, banks and retailers to support Armaguard
The Australian Competition & Consumer Commission (ACCC) has granted interim authorisation to allow the Australian Banking Association (ABA), banks and retailers to provide financial contributions to cash-in-transit business Armaguard. ANZ Bank, Commonwealth Bank,...
Bull Market vs Bear Market: Key Differences
An understanding of financial markets would help you familiarize yourself with terms like bull and bear markets. What are animals doing in the world of financial services? Interestingly, the terms bull and bear markets have transitioned effectively from traditional...
Astar Network Emerges as Preferred Blockchain for Global Enterprises
Astar Network has solidified its position as a leading blockchain platform for global enterprises, according to astar.network. The recent Yoki Origins campaign, which marked the launch of Astar zkEVM, demonstrated the network's potential...
Gold Retains Positive Attitude – Action Forex
Gold picks up steam towards a key resistance region ahead of US Independence day Short-term bias is positive, but an extension above 2,352 is necessary ISM services PMI, ADP employment, FOMC meeting minutes on the agenda Gold bulls returned with stronger positive...
Southwest Airlines adopts shareholder rights plan after Elliott Management discloses 11% stake
Southwest Airlines Co. said Wednesday its board is adopting a limited-duration shareholder rights plan that is effective immediately and will expire in one year.
Development banks get ratings boost on climate clauses and hybrid bonds, ET BFSI
By Marc JonesLONDON, - The World Bank and other top development banks got a double boost on Tuesday as Fitch said debt payment freezes for climate-disaster hit countries would not hit the banks' credit rating and it would no longer cap ratings on new 'hybrid'...
Banks to be closed for 13 days in August 2024, BFSI News, ET BFSI
The fifth month of the new financial year will have as many as 13 bank holidays as per the list of holidays released by the Reserve Bank of India (RBI). This includes the weekend holidays, i.e., the second and fourth Saturdays and all Sundays.The month of August will...
HK hedge fund manager to disgorge $5.6M in illicit profit from false trading
The Market Misconduct Tribunal (MMT) has ordered Mr Jonathan Dominic Iu Wai Ching, a former responsible officer of Tarascon Capital Management (Hong Kong) Limited, to disgorge illicit profit of over $5.6 million from false trading and disqualified him for four years...
Cronos (CRO) Introduces zkEVM Pioneer Program to Engage Users with Rewards
Cronos (CRO) has unveiled its zkEVM Pioneer Program, aiming to incentivize user engagement through a series of quests and reward mechanisms, according to Cronos.Program OverviewThe program allows participants to complete quests on the...
Intuitive Machines stock continues rally as next moon mission looms
Shares of Intuitive Machines Inc. continued their rally Wednesday as the space-exploration company’s next mission moon mission edges closer.
UK PMI services finalized at 52.1, growth slows amid election uncertainty
UK PMI Services index was finalized at 52.1 in June, down from May’s 52.9, marking the slowest growth rate since November of last year. PMI Composite also fell to 52.3, from the previous month’s 53.0, a six-month low. Joe Hayes, Principal Economist at S&P Global...
McDonald’s, Yum, Wendy’s test tech
The drive-thru menu at a McDonald's restaurant showing various meal options and promotions, in Buttonwillow in Kern County, California, on 23, 2024.Smith Collection | Gado | Archive Photos | Getty ImagesSearching for ways to lower labor costs, restaurants are hoping...
Groww aims to debunk misinformation to over 1.5 crore customers amid concerns, ET BFSI
New Delhi, As multiple customers juggled to validate their Groww portfolio on mutual fund transfer agencies CAMS and Kfintech amid concerns, the financial services platform on Monday said some of the customers are not able to see all their investments because there...
Binance Expands Loanable Assets with ZRX, CHR, RAY, REZ, and TRB
Binance, a leading cryptocurrency exchange, has announced the inclusion of five new digital assets to its Binance Loans (Flexible Rate) platform. According to Binance, the newly added loanable assets are 0x (ZRX), Chromia (CHR), Raydium...
Ransomware remains biggest existential cyber threat; 96% Indian companies seek govt help: Report, ET BFSI
Ransomware attacks continue to be the biggest existential cyber threat for companies, with about 59 per cent of organisations hit by ransomware last year and about 66 per cent reporting in both the previous two years. Additionally, approximately 96 per cent of Indian...
A Trump trade war won’t be good for the stock market, warns Dr. Doom
Nouriel Roubini, the economist who is nicknamed “Dr. Doom” for his often-gloomy predictions, says a Trump win could spark a stock-damaging trade war.
FINRA orders Merrill Lynch to pay $1.48M in restitution to 1361 customers
Merrill Lynch, Pierce, Fenner & Smith Incorporated has reached a settlement with the Financial Industry Regulatory Authority (FINRA) for alleged rule violations. From January 2018 through June 2022, in connection with brokerage transactions involving certain...
Crypto Stays Under Pressure – Action Forex
Market picture The pressure on the crypto has been more sustained than on the stocks. Over the past 24 hours, the total crypto cap has fallen by 2.6%, with most of the downward momentum starting in the US session. The stock market, on the other hand, was supported by...
Concerns grow over gambling addiction in the military
Sinenkiy | Istock | Getty ImagesIn the wake of 9/11 on an American military base in South Korea, then-Army Staff Sergeant Dave Yeager sat down at a slot machine operated by the Defense Department and made what he now calls the biggest mistake a budding problem gambler...
‘Our loyalty isn’t worth anything’: I paid $70 for a seat with more legroom, but two women grabbed similar empty seats for free. Is that fair?
“I wrote to the airline to explain what had happened and asked for a refund of my miles.”
AI is changing banking, UBS executive says, BFSI News, ET BFSI
ZURICH - UBS is seeing a shift in the way clients are interacting with their bankers powered by artificial intelligence, the head of the Swiss bank's domestic business Sabine Keller-Busse said on Tuesday.She likened the shift to the way in which patients go to the...
Eurozone PPI falls -0.2% mom, -4.2% yoy in May
Eurozone PPI fell -0.2% mom, -4.2% yoy in May, versus expectation of 0.0% mom, -4.1% yoy. For the month, industrial producer prices increased by 0.1% for intermediate goods, 0.1% for capital goods, and 0.1% for non-durable consumer goods. Prices decreased by -1.1% for...
Copy trading provider Pelican integrates with the DXtrade CFDs platform
Copy trading provider Pelican has announced a new partnership with Devexperts’ DXtrade, the trading platform powering both big-name and start-up FX, CFD, and crypto brokers. The parties said that their collaboration is highly anticipated news for brokers and traders,...
Stellar (XLM)’s Decentralife: A Decade of Innovation with Bernardo Garcia and Félix
In a recent feature by Stellar (XLM), Bernardo Garcia, co-founder of Félix, shared his journey and the motivations behind creating a revolutionary payments platform aimed at helping U.S.-based Latino immigrants. Félix, a WhatsApp-based...
India’s services sector experiences its fastest employment growth in 22 months; June PMI rises to 60.5, ET BFSI
In June 2024, the HSBC India Services Business Activity Index rose to 60.5 from May’s 60.2. This marked a significant rebound from the five-month low in May, driven by a surge in new orders and unprecedented growth in international sales.According to the S & P...
Keywords Studios agrees to EQT’s $2.8 billion takeover offer
The Irish company, which is listed on London’s AIM, is set to be fully-acquired by the Swedish private equity firm in a deal worth £2.2 billion
AUD/USD Sees Uptick Amidst Mixed Sentiment
AUD/USD has climbed to 0.6676 yet remains in a “sideways” pattern, indicating a lack of clear directional momentum in the market. The Australian dollar’s appreciation is linked to a softening in the US dollar’s stance, influenced by remarks from Federal Reserve Chair...
India’s cost of capital to slide further, says Axis Capital, ET BFSI
MUMBAI, - Demand for Indian federal and state bonds is expected to exceed supply for next few years, driving down the cost of funds for the current, as well as next financial year, a top analyst at brokerage Axis Capital said.Though combined borrowings of central and...
Trump’s tariff plans could lead to five extra Fed rate hikes, Goldman Sachs chief economist says
The tariff plan proposed by former President Donald Trump would lead to five extra rate hikes from the Federal Reserve, according to Goldman Sachs chief economist.
ABN AMRO completes acquisition of neobroker BUX
Amsterdam based banking group ABN Amro (AMS:ABN) has announced that it has officially completed the acquisition of neobroker BUX. The acquisition of BUX, first announced back in December, was subject to regulatory approvals which have now been obtained, and the...
XAU/USD outlook: Gold Price Rises Ahead of Key Economic Data But Still Holding Within Broader Range
Gold price rose during early trading on Wednesday, after being stuck within a narrow congestion in past three days. Fresh strength hit the highest in almost two weeks, though the wider picture shows the price moving within larger range ($2368/$2286) for the past...
Women’s share on boards rises faster than in top jobs, BFSI News, ET BFSI
Since the mandate kicked in from April 2015, the share of women directors has increased over three times, after virtually stagnant between 2007 and 2014NEW DELHI: Govt mandate to have women on corporate boards has not just pushed up their share to 15.7%, but also...
Biden offers latest debate excuse as Harris pulls level in one betting market
President Joe Biden offered a new excuse on Tuesday for his poor debate performance as Vice President Kamala Harris drew level in one betting market as to who would be the candidate to fight former President Donald Trump in the presidential election.
NVIDIA NeMo T5-TTS Model Tackles Hallucinations in Speech Synthesis
NVIDIA NeMo has unveiled its latest innovation in text-to-speech (TTS) technology with the T5-TTS model, according to the NVIDIA Technical Blog. This new model represents a significant advancement in the field, leveraging large language...
What’s Kotak Bank’s role in the Hindenburg-Adani saga?, BFSI News, ET BFSI
Hindenburg Research has strongly refuted allegations made by India's securities regulator, the Securities and Exchange Board of India (Sebi), accusing the US-based short-seller of colluding with a US asset manager to use non-public information for its short bet...
U.S. adds six companies to trade restriction list, four for training China’s military
The United States added six companies to its trade restriction list on Tuesday, including four for their links to the training of China's military forces, according to a government posting.Johannes Eisele | AFP | Getty ImagesThe United States added six companies to...
Fed bank oversight powers grow more uncertain in wake of court action, ET BFSI
By Michael S. Derby- A Supreme Court case upending how government regulators do their work thrusts Federal Reserve bank overseers into extended uncertainty and potential risk, although the ruling should not complicate the central bank's ability to provide support to...
Equals Group registers rise in revenues in H1 2024
Fintech payments group Equals Group plc (LON:EQLS) today provided a trading update for the six months ended 30 June 2024 (‘H1-2024’). The Group saw revenues increase £14.9 million compared with the same period last year to £60.0 million, an increase of 33%...
Gold Price Prospects for H2
As shown by the daily XAU/USD chart: → Since November 2022, the price has been moving in an upward channel, marked in orange; → Since the start of 2024, the price has risen by approximately 12.5%. What are the gold price forecasts for the end of 2024? According to...
After a roaring first half, stocks are stretched — but the rally isn’t over yet
Earnings season is coming — here’s what you need to know.
Small Business Owners: Optimize Your Taxes with a Mid-Year Check-In
It’s official: we’re more than halfway through the year. Time flies, but don’t let your taxes sneak up on you. If you’re a small business owner, now is the perfect moment for a mid-year tax check-in. This isn’t just a routine task—it keeps your business on track and...
NVIDIA H100 GPUs and TensorRT-LLM Achieve Breakthrough Performance for Mixtral 8x7B
As large language models (LLMs) continue to expand in size and complexity, the need for efficient and cost-effective performance solutions becomes increasingly critical. Recently, NVIDIA announced that its H100 Tensor Core GPUs, paired...
Unstoppable bulls! HDFC Bank drives Sensex past 80,000 for the first time, Nifty hits record high, ET BFSI
Indian stock market surged to an all-time high on Wednesday, driven by index heavyweight HDFC Bank following a likely increase in its MSCI weightage. Sensex jumped over 570 points to cross the 80,000 level for the first time ever. The 50-componenet Nifty was on the...
Sebi sends Hindenburg notice on Adani report ‘manipulation’, BFSI News, ET BFSI
MUMBAI: Sebi has issued a show-cause notice to Hindenburg, asking why it should not act against the short-seller for violating norms related to the "prohibition of fraudulent and unfair trading practices in the securities market".The notice, dated June 26, was...
GST relief, health regulator and more healthcare funds, ET BFSI
With the Union Budget 2024 around the corner, health insurers are amplifying their demand for policy reforms aimed at strengthening the healthcare sector. A major expectation is the better implementation and uniformity of the Universal Health Scheme across states.“The...
Japan introduces new banknotes featuring 3-D portraits, ET BFSI
Japan on Wednesday introduced its first new banknotes in two decades, featuring three-dimensional portraits of pioneers in finance, women's education, and medical science. The National Printing Bureau of Japan has employed a unique technology for paper money, using...
FX option expiries for 3 July 10am New York cut
There are a couple to take note of on the day, as highlighted in bold.The first ones are for EUR/USD and they are layered between 1.0700 through to 1.0800, with another large one sandwiching that at 1.0750. As such, price action is likely to keep more muted once again...
Paramount and Skydance are back on with a preliminary merger deal, WSJ reports
The on-again, off-again courtship between Shari Redstone, Paramount Global Inc. and Skydance Media is back on, after the three sides reportedly have reached a preliminary merger deal.
China’s BYD is set to beat Tesla in 2024 battery EV sales
BYD Seal U electric car at the IAA Mobility 2023 international motor show on September 6, 2023 in Munich, Germany.Leonhard Simon | Getty Images News | Getty ImagesChinese electric vehicle maker BYD is on track to overtake Tesla in battery electric vehicle sales this...
Biden revoked 8 licenses for China’s Huawei in 2024, document shows
The Biden administration has revoked eight licenses this year that had allowed some companies to ship goods to Chinese telecoms equipment giant Huawei, according to a document first reported by Reuters, as it seeks to pressure the resurgent company.Marko Djurica |...
Yen Falls Again: How Much Lower Could It Go?
Yen’s renewed selloff captured some attention in the otherwise subdued Asian session today. With no new comments from Japanese authorities, market participants are left to speculate on when and where the next intervention might occur. A pivotal moment on the horizon...
Ethereum Foundation Reports Phishing Incident Affecting Mailing List
The Ethereum Foundation has reported a significant phishing incident that compromised its mailing list. According to the Ethereum Foundation Blog, the attack occurred on June 23, 2024, at 00:19 AM UTC. A phishing email was sent to 35,794...
Binance to halt all marketing activities for Turkish clients
Binance has unveiled some important changes to its services in the Republic of Türkiye. In line with Turkish regulations, Binance.com will remain accessible from Turkiye. However, there will be some adjustments to Binance services: Language Options: Turkish language...
From diagnosing brain disorders to cognitive enhancement, 100 years of EEG have transformed neuroscience :: InvestMacro
By Erika Nyhus, Bowdoin College Electroencephalography, or EEG, was invented 100 years ago. In the years since the invention of this device to monitor brain electricity, it has had an incredible impact on how scientists study the human brain.Since its first use, the...
UK 100 Index Experiences Pre-election Decline
The UK 100 stock index (cash) continues to suffer for the sixth consecutive trading day, extending its downleg aggressively to the critical support zone of 8,110 on Tuesday ahead of the election day on July 4.The index could not mark a new higher high above the key...
Florida Panthers games are to E.W. Scripps local broadcast stations
Sergei Bobrovsky #72 and the Florida Panthers celebrate the Stanley Cup win following a 2-1 victory over the Edmonton Oilers in Game Seven of the 2024 NHL Stanley Cup Final at Amerant Bank Arena on June 24, 2024 in Sunrise, Florida. Bruce Bennett | Getty Images Sport...
Trump Media announces $105 million raised from DJT warrants
Omar Marques | Lightrocket | Getty ImagesShares of Trump Media dipped at the opening bell Tuesday after the company, whose majority owner is former President Donald Trump, said it collected more than $105 million through the cash exercise of warrants.The proceeds came...
Intuitive Machines’ stock rockets as next moon mission approaches
Shares of Intuitive Machines Inc. surged 12% Tuesday as the space-exploration company edges closer to its next mission to the moon.
Cronos (CRO) Unveils zkEVM Pioneer Program to Reward Active Community Participation
In a strategic move to foster community engagement and bolster its ecosystem, Cronos (CRO) has announced the launch of its zkEVM Pioneer Program. According to Cronos, this initiative allows users to earn points by completing various...
Australian Dollar Eyes Retail Sales
The Australian dollar has posted slight losses on Tuesday. AUD/USD is trading at 0.6649 in the European session, down 0.15% on the day. Australian retail sales expected to improve Australian consumers have been in frugal mood and have reduced their discretionary...
Eli Lilly’s Alzheimer’s drug wins FDA approval
An Eli Lilly & Co. Alzheimer’s drug won Food and Drug Administration approval Tuesday, capping the medication’s bumpy ride through the U.S. regulatory process and adding a second new treatment option for patients in earlier stages of the disease.
Interactive Brokers announces launch of Eurex/KRX Link with extended trading hours for Korean KOSPI 200 derivatives
Electronic trading major Interactive Brokers (NASDAQ:IBKR) has announced the launch of the Eurex/KRX Link with extended trading hours for Korean KOSPI 200 derivatives. This enhancement aligns trading opportunities across Korean, US, and European time zones, providing...
Nancy Pelosi, Jim Clyburn say Biden age concerns are legitimate
US Democratic Representative from California Nancy Pelosi speaks during the anniversary of the Inflation Reduction Act (IRA) Event at the White House in Washington D.C., United States on August 16, 2023.Celel Gunes | Anadolu Agency | Getty ImagesFormer Democratic...
I’m 73 and have $930,000 in my IRA. Should I wait for the market to go down before I do a Roth conversion?
Trying to time with the market is usually a fool’s errand, but there are several schools of thought about how to best do a conversion.
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2622; (P) 1.2661; (R1) 1.2690; More… GBP/USD recovered ahead of 1.2612 support as range trading continues. Intraday bias remains neutral at this point. On the upside, firm break of 1.2705 resistance will argue that pull back from 1.2859 has...
FDA approves Eli Lilly Alzheimer’s drug donanemab
A sign with the company logo sits outside of the headquarters campus of Eli Lilly and Company on March 17, 2024 in Indianapolis, Indiana.Scott Olson | Getty ImagesThe Food and Drug Administration on Tuesday approved Eli Lilly's Alzheimer's drug donanemab, expanding...
EUR/USD Struggles to Maintain Gains Amid Mixed Economic Signals :: InvestMacro
By RoboForex Analytical DepartmentThe EUR/USD pair experienced a noticeable uptick yesterday, but failed to sustain its peak, settling at 1.0732 today. Early gains were buoyed by the initial outcomes from France’s parliamentary elections, which did not reflect the...
Creating an AI-Powered Video Conferencing App with Next.js and Stream
In a recent tutorial, developers can now learn to build a sophisticated video conferencing app using Next.js, Stream, and AssemblyAI, according to AssemblyAI. This app supports video calls, live transcriptions, and an AI-powered meeting...
Annovis Bio’s stock rockets 119% after reporting positive data in Parkinson’s disease trial
The stock is on track for its best performance since May 21, 2021, when it gained 127%.
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0715; (P) 1.0745; (R1) 1.0771; More…. Outlook in EUR/USD is unchanged and intraday bias stays neutral. On the upside, firm break of 55 D EMA will argue that pull back from 1.0915 has completed. Further rise should be seen back to 1.0915...
First House Democrat urges Biden to withdraw from presidential race
Rep. Lloyd Doggett of Texas urged President Joe Biden on Tuesday to "make the painful and difficult decision to withdraw" from the 2024 presidential race.Doggett, 77, is the first sitting Democratic lawmaker to formally call on his own party's incumbent to drop his...
Novo Nordisk, Eli Lilly singled out by Biden, Sanders over drug prices
Shares of Novo Nordisk and Eli Lilly & Co. dropped early Tuesday after President Joe Biden and Sen. Bernie Sanders took aim at obesity and diabetes drug prices in a USA Today opinion piece.
LSEG and Dow Jones unveil multi-year data and analytics partnership
London Stock Exchange Group (LSEG) and Dow Jones today announced a new, multi-year data, news, and analytics partnership. Beginning today, news from Dow Jones’s newsrooms will be available within LSEG Workspace. Premium subscribers now have access to thousands of news...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8986; (P) 0.9016; (R1) 0.9057; More… No change in USD/CHF’s outlook and intraday bias remains on the upside. Fall from 0.9223 might have completed as a three-wave corrective move to 0.8825. Sustained trading above the near term falling channel...
Binance to Support MultiversX (EGLD) and Ronin (RON) Network Upgrades
Binance, one of the world's leading cryptocurrency exchanges, has announced its support for the upcoming network upgrades and hard forks of MultiversX (EGLD) and Ronin (RON). This move aims to ensure a seamless user experience during...
FTC votes unanimously to block Tempur Sealy’s proposed $4 billion takeover of Mattress Firm
Deal documents show company wants to “kneecap competitors and dominate the market,” one Federal Trade Commission official says.
Biden campaign reports raising $127 million in June
U.S. President Joe Biden delivers remarks after the U.S. Supreme Court ruled on former U.S. President and Republican presidential candidate Donald Trump's bid for immunity from federal prosecution for 2020 election subversion, at the White House in Washington, U.S.,...
Peloton staves off liquidity crunch in global refinance
A Peloton Bike inside a showroom in New York, US, on Wednesday, Nov. 1, 2023. Peloton Interactive Inc. is scheduled to release earnings figures on November 2.Michael Nagle | Bloomberg | Getty ImagesPeloton no longer faces an imminent liquidity crunch after a massive...
More banks to line up infrastructure bond issues after SBI, ICICI Bank fundraises, ET BFSI
Indian banks are swiftly moving to raise infrastructure bonds with the State Bank of India and ICICI Bank raising such bonds at a time when lenders face increased pressure to mobilize funds due to credit growth outpacing deposit growth.SBI set a new benchmark by...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 160.90; (P) 161.31; (R1) 161.89; More… No change in USD/JPY’s outlook and intraday bias stays on the upside. Current up trend should target 61.8% projection of 146.47 to 160.20 from 154.53 at 163.01. On the downside, below 160.25 minor support will...
Set for potential price swings? :: InvestMacro
Bitcoin could be rocked by Fed minutes & NFPWatch out for Mt. Gox developmentsOver past year NFP triggered moves of ↑ 2.3% & ↓ 1.9%Bearish channel breached but resistance at $63500Thanks to the incoming US jobs report and developments concerning the failed Mt....
Tether and BTguru Sign MoU to Boost Digital Asset Education in Türkiye
Tether Operations Limited, a leading company in the digital asset industry, and BTguru, a prominent technology and strategy firm specializing in virtual and crypto assets, have signed a Memorandum of Understanding (MoU) to promote digital...
Tens of millions of people are watching videos of home buyers sitting in empty houses
It costs a lot more to buy a house today than it did just a few years ago. And that expense starts with the down payment.
GM Q2 2024 auto sales: Best since 2020
DETROIT — General Motors reported its best quarterly sales in more than three years, including notable increases in full-size pickup trucks and all-electric vehicles.The Detroit automaker on Tuesday reported sales of 696,086 for the second quarter, up 0.6% from a year...
Former Trump lawyer Rudy Giuliani disbarred in New York
Former New York Mayor Rudy Giuliani departs the U.S. District Courthouse after he was ordered to pay $148 million in his defamation case in Washington, U.S., December 15, 2023.Bonnie Cash | ReutersRudy Giuliani's New York law license was revoked on Tuesday amid...
Sunset Market Commentary – Action Forex
Markets The pace of Eurozone inflation remained steady at 0.2% M/M in June. The outcome was in line with consensus as could be expected following earlier national prints. The Y/Y-figure slowed from 2.8% to 2.5%. Core inflation rose somewhat faster (0.3% M/M), but this...
This cheap biotech offers investors a play on ALS if trial data continues to impress
NeuroSense Therapeutics Ltd.’s stock rose 6.5% Tuesday, as analysts cheered data from the biotech’s late-stage trial of a treatment for the fatal disease amyotrophic lateral sclerosis, or ALS.
Robinhood Announces Acquisition of AI-Powered Investment Firm Pluto Capital
Robinhood, the popular investment platform known for its mission to democratize finance, has announced its acquisition of Pluto Capital, an AI-driven investment research firm. This strategic acquisition is poised to significantly enhance...
Rule changes can help onboard customers from anywhere in India: Deutsche Bank, ET BFSI
Mumbai, German lender Deutsche Bank will be focussing on the digital channel over the branch model to grow its business in the country, a top official said. Changes in rules by the RBI mandating geographical location restrictions while onboarding customers will be of...
CFTC secures $13M Court order against K.E.L. Enterprises, Dwight Foster for FX fraud
The Commodity Futures Trading Commission (CFTC) today announced Judge Sean F. Cox of the U.S. District Court for the Eastern District of Michigan entered a supplemental consent order against Dwight A. Foster and his firm K.E.L. Enterprises, Inc. The supplemental...
U.S. stocks could rise another 10% by the end of 2024 after a strong first half, history shows
The U.S. stock market just scored a gangbusters first half of the year. If history is a guide, Wall street could be in for another robust six months, according to Comerica Wealth Management.
Media mogul Barry Diller weighs a bid to gain control of Paramount
A new suitor for Paramount Global has emerged.Media mogul Barry Diller is taking a look at acquiring National Amusements Inc., the company owned by Shari Redstone and the controlling shareholder of Paramount, CNBC's David Faber reported on Tuesday.Diller's IAC, an...
WTI Oil Outlook: Price Rises Above $84 for the First Time in Over Two Months
WTI oil price rose to nine-week high on Tuesday, in extension of strong Monday’s strong rally (up almost 2.5% for the day). Increased demand due to summer driving season and persisting supply fears on heated geopolitical situation inflate oil price, which rose above...
Credit, deposit growth remain robust despite marginal sequential dip, ET BFSI
Credit offtake continued to grow at 19.2% year-on-year (y-o-y) to reach Rs 167.1 lakh crore, for the fortnight ending June 14, 2024. This rise can continue to be attributed to the impact of HDFC’s merger with HDFC Bank along with the growth in personal loans....
Trump hush money prosecutors won’t fight ex-president’s bid to delay sentencing
Former US President Donald Trump comments as he leaves the courthouse after a jury found him guilty of all 34 felony counts in his criminal trial at New York State Supreme Court in New York, New York, USA, 30 May 2024.Justin Lane | Via ReutersManhattan prosecutors...
Why Adobe and Uber are newly named top stock picks at Deutsche Bank
Adobe is having success in AI and Uber is having success with its membership program.
RBA maintains a hawkish bias. Japanese authorities are ready to conduct another intervention :: InvestMacro
By JustMarketsAt Monday’s close, the Dow Jones (US30) Index added 0.13%, while the S&P 500 (US500) Index gained 0.27%. The NASDAQ Technology Index (US100) closed positive 0.83%. Strengthening large-cap tech stocks boosted the broad market on Monday. However,...
Influencing WIF, ZK and ZRO, Binance to Introduce New Trading Pairs and Trading Bots Services
Binance, one of the world's leading cryptocurrency exchanges, has announced the addition of new trading pairs and Trading Bots services to its Binance Spot platform, effective July 3, 2024, at 14:00 (UTC). According to Binance, this move...
Eurozone: Inflation Deceleration Stalled – Action Forex
According to the Eurostat Flash estimate, the euro area CPI stood at 2.5% y/y, hovering between 2.4% and 2.6% for the past five months. There has been no apparent slowing since November when the rate first touched 2.4%. Core CPI maintained a 2.9% y/y in May and June...
Americans caught in fintech’s false FDIC promise
Natasha Craft, a 25-year-old FedEx driver from Mishawaka, Indiana. She has been locked out of her Yotta banking account since May 11.Courtesy: Natasha CraftWhen Natasha Craft first got a Yotta banking account in 2021, she loved using it so much she told her friends to...
Job openings rebound, showing U.S. labor market is still pretty warm
The number of job openings in the U.S. rebounded in May after falling to a more than three-year low, indicating there’s still plenty of demand for labor.
Nine NBFCs surrender license to RBI, BFSI News, ET BFSI
The Reserve Bank of India (RBI) on Tuesday stated that nine Non-Banking Financial Companies (NBFCs) have surrendered their Certificates of Registration (CoR).The RBI, exercising its authority under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has...
Macron made key mistakes, vilified the left
Protesters gather during an anti-far-right rally after French President Emmanuel Macron called legislative elections following far-right parties' significant gains in European Parliament elections in Paris on June 15, 2024.Lou Benoist | Afp | Getty ImagesFrench...
XTIUSD: Strengthened and Reaching Supply Zone
Bearish Scenario: Sell below 83.63 (if a PAR* forms) with TP1: 83.00, 82.31, 82.11, and 81.70 in extension with an S.L. above 84.00 or at least 1% of account capital. Bullish Scenario after a Pullback to Demand Zone: Wait for a decline towards 82.00 and the formation...
Admirals Group adds Eduard Kelvet and Lauri Reinberg to its Management Board
Estonia based Retail FX and CFDs broker Admirals Group AS has announced that the company has appointed Eduard Kelvet and Lauri Reinberg as new members of the Management Board of the Company, effective from July 1, 2024. The moves come after earlier this year Admirals...
Nvidia is most-owned chip stock in active funds — but another is moving up fast
Broadcom continues to see its ownership grow.
Golem Network Unveils golem-js 3.0 with Major Enhancements
Golem Network has officially released golem-js 3.0, the latest stable version of its core JavaScript SDK component. This update introduces significant enhancements, new features, and crucial improvements to the platform, according to...
Fed’s Powell: We’re getting back on disinflation path
At the ECB forum, Fed Chair Jerome Powell highlighted the “quite a big of progress” made in reducing inflation toward 2% target. He also acknowledged the recent inflation readings, stating, “The last reading and the one before it, to a lesser extent, suggest that we...
Hindenburg was never a client or investor in K-India Fund, says Kotak Mahindra Bank, ET BFSI
In response to allegations by Hindenburg Research, Kotak Mahindra International Ltd (KMIL) has said that Hindenburg Research has never been a client or investor in its fund, K-India Opportunities Fund Ltd (KIOF)."Kotak Mahindra International Limited (KMIL) and KIOF...
6 reasons active management is a bad idea for your investments
Timing the market is a recipe for failure. Do this instead.
Cultural differences impede trade for most countries – but not China :: InvestMacro
By Bedassa Tadesse, University of Minnesota Duluth It’s a widely accepted notion among economists that cultural differences can pose a significant barrier to trade. The larger the cultural gap between two countries – judging by differences in language, customs, values...
Hong Kong Monetary Authority Warns Against Unauthorized Banking Activities
The Hong Kong Monetary Authority (HKMA) has issued a public warning about a firm conducting unauthorized banking activities. According to the HKMA, the firm in question, referenced on their website, lacks the necessary authorization under...
GBPCAD Uptrend Intact After Latest Correction
GBPCAD bounces off uptrend line But strength of rebound is in question 20-day SMA is nearest challenge for the bulls GBPCAD has rebounded back above the 50-day simple moving average (SMA) after a 2% correction in June took the price below it towards the upper...
Rivian’s stock rallies after EV deliveries beat by wide margin
Rivian’s stock rallied Tuesday, after the electric-vehicle maker reported quarterly deliveries data that beat expectations by a record margin.
Bajaj Housing Finance launches Sambhav Home Loans for first-time home buyers, ET BFSI
Bajaj Housing Finance is venturing into the affordable housing finance sector and has launched Sambhav Home Loans today targeting first time home buyers with affordable income criteria. The income norm for first-time homebuyers, under this new product, starts from Rs....
Ethereum Foundation Launches Quadratic Funding for SEA Communities
The Ethereum Foundation has announced the launch of a quadratic funding round aimed at supporting communities in Southeast Asia (SEA), according to the Ethereum Foundation Blog. This move is part of the organization's ongoing efforts to...
EuroTLX brings stock, bond, and certificate data to TradingView
Today, TradingView welcomes EuroTLX, which brings its stocks, bonds, and certificates right to TradingView. EuroTLX is a European multilateral trading facility (MTF) known for its specialization in trading bonds and certificates. This platform is dedicated to offering...
Tesla’s stock surges after deliveries surprise to the upside by a wide margin
Tesla’s stock reversed sharply higher toward a near six-month high Tuesday, after the electric-vehicle giant surprised investors by reporting second-quarter deliveries that beat expectations.
Tesla (TSLA) Q2 vehicle deliveries and production numbers
Brand-new Tesla cars sit parked at a Tesla dealership on May 31, 2024, in Corte Madera, California.Justin Sullivan | Getty ImagesTesla just posted its second-quarter vehicle production and deliveries numbers for 2024.Here are the key numbers:Total deliveries Q2 2024:...
Dollar Rises on Other Currencies’ Problems
The US dollar has been settling near two-month highs since late last week, but this is a pick of the best among the worst. Expectations for the Fed’s key year-end rate have changed little over the past roughly three weeks. Still, the dollar’s main competitors have...
ESAF Small Finance Bank creates micro banking vertical with 5,200 staff, ET BFSI
ESAF Small Finance Bank on Monday absorbed about 5,200 employees from ESAF Swasraya Multi-State Agro Co-operative Society Ltd (ESMACO), a corporate business correspondent of the bank, as part of a strategic business restructuring. The bank will now directly manage the...
How did older households react to inflation?
Preserving consumption in the short-term means less resources for the future
Bitcoin to hit new all-time high this year if history plays out: Report
In this photo illustration, a visual representation of the digital Cryptocurrency, Bitcoin is on display on March 5, 2024 in Paris, France.Chesnot | Getty Images News | Getty ImagesBitcoin has not reached the top of its current appreciation cycle and is likely to go...
NFL, RedBird’s EverPass lines up Sunday Ticket in bars, restaurants
Football fans watch the NFL Super Bowl XLVIII game between the Denver Broncos and the Seattle Seahawks on at a sports bar in New Jersey on February 2, 2014.Cem Ozdel | Anadolu Agency | Getty ImagesA satellite dish is no longer the only way bars and restaurants can air...
Dollar Struggles to Keep Momentum in Indecisive Markets
In the forex market, clear weakness of Yen, Swiss Franc, and Kiwi contrasts with a broader sense of indecision elsewhere. Dollar’s rally attempt quickly lost momentum as it struggled to break through near-term resistance levels against both the Euro and Sterling....
ActivTrades sees Revenues drop 45% in 2023 as resources diverted to StreamBank
London based Retail FX and CFDs broker ActivTrades has released its financial results for 2023, indicating a continued slide in both top and bottom line results which began in the second half of 2022. After reporting record first half 2022 Revenues of £32 million but...
Cronos (CRO) Introduces zkEVM and Expands Ecosystem Initiatives
In a significant development, Cronos (CRO) has unveiled its latest blockchain innovation, the Cronos zkEVM, which integrates zkSync technology to enhance security and efficiency in cross-chain interactions. The new zkEVM will be connected...
Biden administration proposes rule for workplaces to address excessive heat
An agricultural worker takes a water break while enduring high temperatures in a tomato field, as a heat wave affects the region near Winters, California, July 13, 2023.Loren Elliott | ReutersThe Biden administration proposed a new rule Tuesday to address excessive...
10-year yields have ‘little to no’ downside — which means stocks can’t climb much from here, strategist says
Yields on the benchmark 10-year Treasury have little room to fall, which will cap valuations on U.S. equities from already elevated valuations, says a market strategist.
RBI proposes draft guidelines to simplify export-import regulations under FEMA, ET BFSI
The Reserve Bank of India (RBI) has unveiled draft guidelines aimed at simplifying export and import regulations under the Foreign Exchange Management Act (FEMA), inviting public feedback until September 1, 2024. These guidelines are part of the Statement on...
Staff associations of mainstream lenders and regional rural banks at loggerheads over merger proposal, ET BFSI
Kolkata: Staff associations at mainstream lenders and their linked rural counterparts appear to have a vertical split in their ranks – and the feared loss of identity for the latter through proposed mergers has turned one-time comrades into future combatants.The All...
Stocks Held Back Crypto Gains
Market picture The crypto market retreated by 0.6% in 24 hours to a total cap of $2.31 trillion. The cautious mood can be attributed to a downward move in US and European stock markets and the momentum of a stronger dollar. However, the dynamics of coins are not...
Why CrowdStrike’s stock just got downgraded after a monster rally
CrowdStrike’s enterprise-value-to-sales ratio is the highest among large software stocks that Piper Sandler tracks.
Capital.com partners with TradingView to offer clients enhanced charting tools
Leading Retail FX and CFDs broker Capital.com has announced a new partnership with TradingView, the world’s leading provider of charting and analytical tools. Through this partnership, Capital.com’s clients will be able to benefit from TradingView’s comprehensive...
MiCA’s Stablecoin Regime: Key Differences Between ARTs and EMTs
In the evolving landscape of cryptocurrency regulation, the European Union's Markets in Crypto-Assets (MiCA) framework has introduced significant guidelines for stablecoin issuers. According to Chainalysis, the MiCA regime distinguishes...
Manhattan is ‘buyer’s market’ as real estate prices fall, inventory rises
A sign advertising a home for sale is displayed outside of a Manhattan building in New York City on April 11, 2024.Spencer Platt | Getty ImagesManhattan is becoming a buyer's market as apartment prices fell and inventory rose in the second quarter of 2024, according...
EUR/USD: Euro Bulls Should Not be Complacent after French Election
Sovereign credit risk remains elevated in France despite yesterday’s rallies seen in the EUR/USD, CAC 40 & DAX ex-post first round of the French legislative election. Speculative net capital outflows & bearish sentiment in CAC 40 & DAX may trigger a...
New system to ease FPI access to Gsecs awaits RBI nod, BFSI News, ET BFSI
Mumbai: A few global trading platforms and the Clearing Corporation of India (CCIL), which have been regularly testing a new model that facilitates easier access to Indian bonds for foreign investors, are now awaiting the Reserve Bank of India's approval to formally...
Moderna gets U.S. government funding for bird-flu vaccine development
Moderna Inc.’s efforts to develop a bird-flu vaccine are getting a $176 million boost from the U.S. government, the company said Tuesday.
Credit Card issuance soars despite worries over unsecured loans, ET BFSI
Credit card base grew 18% year on year (y-o-y) to reach an outstanding base of 103 million as on end May 2024, with HDFC bank adding the highest number of new cards, and Kotak Mahindra bank seeing a sharp drop amid RBI restrictions. Spendings by credit cards also grew...
Sucden Financial reports rise in 2023 profit
Sucden Financial, a multi-asset execution, clearing and liquidity provider, has reported its audited financial results for the year ending 31 December 2023, with profit and total net assets increasing significantly. Profit before taxation for 2023 amounted to £23.9...
The S&P 500’s reliance on a few winning stocks is getting worse
S&P 500’s performance in the second quarter would be negative without these 10 stocks
Fed’s Goolsbee suggests rate cuts if inflation declines further
Chicago Fed President Austan Goolsbee has suggested that Fed should consider cutting interest rates if inflation continues its downward trajectory towards the 2% target. He emphasized the importance of adjusting monetary policy to align with changing inflation...
Hungary’s Prime Minister Orban makes first wartime visit to Ukraine
Hungarian Prime Minister Viktor Orban (L) talks with Ukrainian President Volodymyr Zelenskyy (R) in the Europa building prior the start of the meeting on June 27, 2024, in Brussels, Belgium.Thierry Monasse | Getty Images News | Getty ImagesHungarian Prime Minister...
Keras vs. TensorFlow: Key Differences
Machine learning and deep learning have been through a revolutionary transition in the last decade. Most of the work around these two technologies had been limited to research labs. However, it is important to note that the two most prominent disciplines of artificial...
HDFC Bank scheduled downtime next week for more than 12 hours; UPI, ATM withdrawals, other banking services to be impacted, ET BFSI
HDFC Bank has emailed its customers to inform them that an upcoming system upgrade will improve their banking experience by enhancing performance speed, extending capacity to manage high traffic, and increasing overall dependability.HDFC Bank scheduled downtime is on...
Bitfinex to List MEW Token, Expanding Meme Coin Offerings
Bitfinex, a leading digital asset trading platform, has announced the listing of MEW, the native token of the project 'cat in a dogs world'. This new addition marks another step in Bitfinex's efforts to diversify its digital asset...
Segantii Capital Management Faces Insider Dealing Charges in First District Court Hearing
Segantii Capital Management and its Chief Investment Officer are under scrutiny as they face insider dealing charges in the First District Court. The case, brought forward by the Securities and Futures Commission (SFC), marks a...
Economy on strong wicket after fiscal first quarter, BFSI News, ET BFSI
NEW DELHI: India’s economy ended the first quarter on a strong note with manufacturing sector activity rebounding in June after two months of deceleration while goods and services tax (GST) collections came in strong.Passenger car sales rose further in the month from...
Advice from a ‘nervous and jumpy’ Wall Street bull as second half gets under way
RBC Capital’s Lori Calvasina joins other Wall Street banks in lifting her S&P 500 target, but says she’s plenty jittering about where markets go from here.
CME suspends, fines trader $120k for violations of prohibition of disruptive practices
International derivatives marketplace CME Group has imposed a fine of $120,000 on Jae Jun Kim for engaging in prohibited disruptive practices. On December 11, 2023, the Chief Regulatory Officer of CME Group’s Market Regulation Department issued charges against Jae Jun...
EURJPY Sails in Uncharted Waters
EURJPY advances above 32-year high Fears of a Japanese intervention increase Oscillators point to overbought conditions EURJPY has been in an uptrend since the beginning of the year, storming to consecutive multi-year highs. Despite a strong pullback following a...
‘This is my big chance to secure my future’: I’m about to inherit $600,000. What should I do with all this lovely cash?
“Should I go for a high-yield account or a money-market for savings? I already have 401(k), IRA, and brokerage accounts, and laddered CDs.”
Tight liquidity forces banks to tap debt markets, shell out more, ET BFSI
Bank borrowings through money markets and certain types of bonds jumped 60% from a year earlier during April-June as tighter cash conditions compelled lenders to take the debt route to raise money, with the cost of funds rising after a multi-year era of easy liquidity...
EUR/USD Struggles to Maintain Gains Amid Mixed Economic Signals
The EUR/USD pair experienced a noticeable uptick yesterday, but failed to sustain its peak, settling at 1.0732 today. Early gains were buoyed by the initial outcomes from France’s parliamentary elections, which did not reflect the worst-case scenario, sparking a...
Xetra-Gold holdings decline to 176 tonnes
The gold holdings of Xetra-Gold (ISIN: DE000A0S9GB0) have decreased in the first half of 2024. They now amount to 175,5 tonnes, signifying a contraction of 23.2 tonnes over the year. At the beginning of 2024, the holdings were still 198.7 tonnes of gold. Over a period...
India’s macro fundamentals to remain strong in 2nd half of FY25: Nomura, ET BFSI
New Delhi, Driven by steady growth and low, underlying inflation, India's macroeconomic fundamentals are expected to remain strong in the second half of FY25, global brokerage firm Nomura has said.Nomura expects a decline in India's consumer price index from 5.7 per...
The real cause of post-pandemic inflation was demand, not supply, argues new research
A new research paper argues that the driver of a surge in post-pandemic inflation on both sides of the Atlantic was driven by demand, not supply.
HKMA Warns Public of Fraudulent Social Media Account and Phishing Messages Related to Royal Bank of Canada
The Hong Kong Monetary Authority (HKMA) has issued an alert to the public regarding a fraudulent social media account and phishing instant messages associated with the Royal Bank of Canada (RBC), according to a press release from the...
Silver Price Analysis: Awaiting Powell’s Comments
Today, at 16:30 GMT+3, the Federal Reserve Chairman is scheduled to speak. Market participants are looking for more clarity on the Fed’s plans regarding interest rate cuts following the release of inflation data last Friday. According to Trading Economics, Fed...
PSBs on the margins in credit cards, but NPAs ahead by a wide margin, ET BFSI
Mumbai: Indian public sector lenders have been late entrants into credit cards, and the latest data on delinquencies and expenditures showed they remain relative stragglers in a revenue stream dominated by privately owned banks. But, at the same time, the state-run...
Shell halts construction of major biofuels facility in the Netherlands
Shell has halted work on the biofuels facility in Rotterdam to ensure it remains competitive in the face of an anticipated flood of supply from the U.S.
Dany Mawas promoted to Markets.com CCO
Finalto South Africa CEO Dany Mawas is set to bring his experience to the world of retail trading, with a new appointment as Markets.com Chief Commercial Officer (CCO). His appointment follows a strong six months for Finalto in the African market under Dany’s...
Eurozone CPI slowed to 2.5% in Jun, but core unchanged at 2.9%
Eurozone CPI slowed from 2.6% yoy to 2.5% yoy in June, matched expectations. CPI core (ex-energy, food, alcohol & tobacco) was unchanged at 2.9% yoy, above expectation of 2.8% yoy. Looking at the main components, services is expected to have the highest annual...
Out-of-this world concrete fortress in Beverly Hills for sale by billionaire James Jannard for $68 million
The billionaire who founded the Oakley sunglasses company is selling this futuristic compound featuring Brutalist architecture.
BounceBit Unveils New Products and Campaigns for July 2024
BounceBit, a pioneer in the CeDeFi industry, has announced the launch of two groundbreaking products—Easy and Superfast—as part of its July 2024 outlook, according to BounceBit. The company aims to continue its innovation streak as it...
Hindenburg faces Sebi scrutiny, Kotak Bank dragged in Adani saga, ET BFSI
U.S-based short-seller Hindenburg Research said on Monday that India's securities regulator had sent it a letter outlining suspected violations over its short bet against Adani Group last year and revealed it may "barely come out above breakeven" on its trade....
Supreme Court dissenters take a ‘darker’ tone on Trump immunity ruling
Supreme Court Justice Sonia Sotomayor and Supreme Court Justice Ketanji Brown Jackson.Jacquelyn Martin | Pool | Getty ImagesSupreme Court Justices Sonia Sotomayor, Ketanji Brown Jackson and Elena Kagan laid out grim visions of U.S. democracy in their joint written...
Saxo unveils Q3 2024 outlook warning of sandcastle economics
As economic growth remains robust, driven by sectors like defense, AI, and obesity drug manufacturing, Saxo’s strategy team warns of the fragility of this “sandcastle economy” in their quarterly outlook for Q3. Although their perspective for the short term is neutral,...
Salesforce shareholders reject compensation plan for Benioff, other top execs
Salesforce Inc. shareholders rejected a compensation plan for Chief Executive Marc Benioff and the company’s other top executives after it was opposed by two large advisory firms.
Revolut boss confident on UK bank license approval after record profit
Nikolay Storonsky, founder and CEO of Revolut.Harry Murphy | Sportsfile for Web Summit via Getty ImagesLONDON — The boss of British financial technology giant Revolut told CNBC he is optimistic about the company's chances of being granted a U.K. banking license, as a...
Pound and Euro Test Key Support Levels: Is a Breakout Possible?
European currencies are showing surprising resilience. Despite the general strengthening of the dollar and strong macroeconomic data from the US, EUR/USD and GBP/USD continue to trade above strategically important levels: EUR/USD has been testing 1.0660 for over three...
REC loan sanctions grow 24% to Rs 1.12 lakh crore in Q1; Rs 40K cr for renewables, ET BFSI
State-owned REC Ltd on Monday said it sanctioned Rs 1,12,747 crore worth of loans during April-June FY25, posting a year-on-year growth of 24.17 per cent. It had sanctioned Rs 90,797 crore as loan during the year-ago period, the company said in an exchange filing....
What is Fiscal Deficit? Why is fiscal deficit such a big problem?, ET BFSI
Budget 2024: All about fiscal deficitThe fiscal deficit signifies the difference between the government's income and expenditure. It stands as a pivotal metric with implications for borrowing and financial commitments. Minister of State for Finance Bhagwat Karad has...
Integrating climate finance into India’s economic blueprint, BFSI News, ET BFSI
India’s 2024-25 Budget should consider the establishment of dedicated climate finance institutions in a public-private partnership mode, said Pradeep S.Mehta, Secretary-General of CUTS International, during a webinar titled ‘Accelerating Private Investment in Climate...
FX option expiries for 2 July 10am New York cut
There aren't any major expiries to take note of for today. However, just be wary that there are some big ones layered for EUR/USD especially between 1.0700 to 1.0800 during the week. There will also be ones for Friday as outlined here. That is likely to lock price...
At least 30 injured after flight hits turbulence — sending man into overhead bin
At least 30 people were injured on Monday after an Air Europa Boeing 787-9 Dreamliner flight hit turbulence over the Atlantic, sending passengers flying out of their seats with one man appearing to have gotten stuck in the overhead bins.
Salesforce shareholders vote against pay for Benioff, top executives
Salesforce CEO Marc Benioff attends the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024.Halil Sagirkaya | Anadolu | Getty ImagesSalesforce investors voted against the company's compensation plan for top executives, after shareholder advisory groups raised...
Donald Trump, crypto take aim at SEC as Biden allies raise alarms
Former U.S. President and Republican presidential candidate Donald Trump looks on during his campaign event, in Racine, Wisconsin, U.S. June 18, 2024. Brendan Mcdermid | ReutersOn a cool, sunny June evening in San Francisco, the Pacific Heights mansion of venture...
Dollar Rallies as Treasury Yields Surge With Trump’s Election Prospects
Dollar surged across the board overnight and stayed firm in Asian session, fueled by the strong rally in benchmark US Treasury yields. This rally is partly attributed to rising expectations of a Donald Trump victory in the upcoming presidential election. Analysts...
Binance Adds Lista (LISTA) to Simple Earn Locked Products
Binance, the global cryptocurrency exchange, has announced the addition of Lista (LISTA) to its Simple Earn Locked Products. According to Binance, users who complete subscriptions to LISTA on Simple Earn Locked Products during the...
BNP Paribas expands use of CobaltFX Dynamic Credit to allocation of credit for FX transactions
BNP Paribas, an early adopter of CobaltFX’s Dynamic Credit, has announced that it is further expanding its engagement with CobaltFX, part of United Fintech, to address regulatory and industry concerns, setting a new standard for precision and effectiveness in market...
Sui Bridge Testnet Incentive Program Nears Conclusion
The incentivized testnet phase of the Sui Bridge is approaching its final week, with the program set to conclude on July 8th, according to The Sui Blog. Participants are urged to complete the necessary actions to qualify for rewards....
Amitabh Chaudhry, MD, Axis Bank, ET BFSI
Axis Bank may have cleaned up its bad loans and reoriented the business, but it has a long way to go in terms of market share and dominance in various segments, says chief executive Amitabh Chaudhry. The Reserve Bank of India would only tighten and not loosen...
Silver beat gold, copper — and even the S&P 500 — in the second quarter. What’s next?
Silver marked an impressive gain for the first half of the year, outpacing the rise for gold, copper and other major financial assets just over a month after prices for the metal touched their highest level on record.
Paramount wants a streaming partner. Warner Bros. Discover is interested
The Paramount Studios in Los Angeles, California, US on Monday, April 29, 2024. Eric Thayer | Bloomberg | Getty ImagesParamount Global is holding talks with other entertainment companies about merging its Paramount+ streaming service with an existing platform. If it...
Euro Rises Despite France’s Vote for the Right
The euro has started the week with strong gains. EUR/USD is trading at 1.0756 in the European session, up 0.41% on the day at the time of writing. The euro is at its highest level since June 14. Macron takes a drubbing in round one France went to the polls on Sunday,...
BitMEX Implements Fair Price Marking for BLAST/USDT Futures
BitMEX, a leading cryptocurrency derivatives exchange, has announced a significant update to its marking methodology for the BLAST/USDT futures contract. According to the BitMEX Blog, the change took effect on June 30, 2024, at 19:45 UTC....
Fed’s Williams defends response to postpandemic inflation surge
New York Fed President John Williams defended the central bank’s delayed response to the outbreak of inflation in 2021 — saying that policymakers were grappling with extreme downside threats to the economy and financial markets in an atmosphere of tremendous...
Punjab & Sind Bank plans to raise Rs 2,000 cr via QIP likely in H2 FY25, ET BFSI
State-owned Punjab & Sind Bank plans to raise Rs 2,000 crore in the second half of this fiscal via Qualified Institutional Placement (QIP) to fund business growth. "The board has already given approval, and merchant bankers should be on-boarded by August," Punjab...
Boston Celtics for sale after NBA championship
A "Believe In Boston" flag flies during the duck boat parade celebrating the team's 18th NBA championship. Stan Grossfeld | Boston Globe | Getty ImagesThe National Basketball Association champions are up for sale.The Boston Celtics' ownership group announced Monday...
GBP/JPY Outlook: Hits New Multi-Year High
GBPJPY remains in an unobstructed uptrend and hit new multi-year high (the highest since 2008) in early Monday. The cross extends steep ascend into eleventh straight day, after registering the sixth consecutive monthly gain in June. Yen weakened further against all...
Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’
Jul 1, 2024 18:56 UTC | Updated: Jul 1, 2024 at 18:56 UTC By Raghav Sawhney Starting off with positivity, it looks like ETH ETFs may start trading by July 4th (Which is now delayed by the SEC). We’re on the edge of a significant breakthrough:...
Bond market’s weakness for such a long stretch is ‘unprecedented,’ Bespoke finds
Bonds are kicking off July with losses as yields climb following an extended rough stretch for long-term Treasurys.
US ISM manufacturing falls to 48.5, prices down to 52.1
US ISM Manufacturing PMI fell from 48.7 to 48.5 in June, missed expectation of 49.3. That’s the third month of contraction reading. Looking at some details, new orders rose from 45.4 to 49.3. Production fell from 50.2 to 48.5. Employment fell from 51.1. to 49.3....
Banks put on alert! RBI warns banks of ‘credible threat intelligence’ regarding cyberattacks, ET BFSI
Banks on alert! The Reserve Bank of India (RBI) has cautioned banks across the nation to be vigilant against potential cyberattacks, following credible intelligence reports. Banks have been instructed to actively monitor their systems round the clock to detect any...
Circle’s USDC Achieves MiCA Compliance: Implications for Binance Users
Circle's USD Coin (USDC) has officially received authorization as a MiCA-compliant e-money token (EMT), making it the first major regulated stablecoin within the European Economic Area (EEA), according to Binance's latest announcement....
Chewy’s stock pares back gains after Roaring Kitty’s 6.6% stake is disclosed
Investor Keith Gill, also known as Roaring Kitty, was a pivotal figure in the 2021 meme-stock frenzy.
Trump immunity ruling hands big decisions to Judge Tanya Chutkan
A general view of the U.S. Supreme Court as justices issue rulings in pending cases on the final day of the court's term in Washington, U.S., July 1, 2024. Leah Millis | ReutersThe U.S. Supreme Court's presidential immunity ruling on Monday sends the federal case...
USD/JPY Outlook: Hits New Multi-Decade High Despite Persisting Intervention Threats
USDJPY rose further on Monday, signaling continuation after bulls paused for consolidation on Thu/Fri. Although traders remain cautious over looming intervention, after Japanese authorities reiterated their stance of intervening again to support weakening yen, bulls...
Apple iPhone 7 owners still have a chance to claim up to $349 in class-action settlement
The deadline has been extended for certain iPhone owners to claim a settlement payout.
Banks scanning proprietor A/Cs to spot ‘money mules’, BFSI News, ET BFSI
Wary bankers and deceptive 'mules' are playing a cat-and-mouse game. Several high-street banks have either stopped or slowed down opening sole proprietorship and individual current accounts of firms that are less than a year old amid suspicion that they could be...
CME Group launches €STRWatch enabling clients to gauge impact of ECB rate decisions
International derivatives marketplace CME Group today launched €STRWatch, which enables clients to understand the potential impact of ECB rate decisions on futures settlement prices. The solution builds on the success of CME Group’s FedWatch, SOFRWatch and...
‘Any technology stock with an AI story is rising too far and too fast,’ this veteran trader warns
The market is in a huge tech-led bubble — but you’d be wrong to bet against it.
Gold Price Update: XAU/USD Rises as Search for Catalyst Rumbles On
Gold rises as a weaker US Dollar and uncertainty around monetary policy continues. ISM data later today before all attention turns to US jobs data later in the week. Trendline break and price action hint at at a potential rise toward the $2370 resistance handle....
Composability Labs Unveils Spark: A High-Speed Onchain CLOB Leveraging Polygon (MATIC) Miden
Composability Labs is making strides in the decentralized finance (DeFi) sector with the development of Spark, a high-speed onchain central limit order book (CLOB) designed to leverage Polygon (MATIC) Miden's state-minimization features,...
Hunter Biden sues Fox News over ‘mock trial’ miniseries
Hunter Biden (R), son of US President Joe Biden, exits the J. Caleb Boggs Federal Building on June 10, 2024 in Wilmington, Delaware. Jury deliberations began on Monday in Hunter Biden's trial on federal gun charges, US media reported. Ryan Collerd | AFP | Getty...
Card dues & gold loans beat bank credit growth of 20%, BFSI News, ET BFSI
MUMBAI: For banks, credit card outstanding and gold loans remain outliers in growth. The segments recorded a year-on-year increase of 26.2% and 29.7% respectively as of May 2024.This is much higher than the 19.8% growth in overall bank credit which - adjusting bank's...
Forget about your retirement portfolio beating inflation over the next 10 years
Expect stocks to produce a negative-1.9% post-inflation return between now and 2034.
Linea Launches Culture SZN to Spotlight NFT Creators and Communities
Linea, the rapidly expanding zkEVM on Ethereum, has unveiled its latest initiative, Culture SZN, aimed at fostering community engagement within the Web3 ecosystem. This program highlights over 20 NFT creators and invites users to...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2623; (P) 1.2642; (R1) 1.2665; More… Intraday bias in GBP/USD remains neutral at this point. On the upside, firm break of 1.2702 resistance will argue that pull back from 1.2859 has completed, and bring retest of this high instead. Nevertheless,...
Webull partners with Apex and Moment to enable fixed income trading
Trading platform Webull has announced a partnership with Apex Fintech Solutions Inc. and Moment Technology, Inc. Through the partnership, Webull users will be able to trade fixed income securities and have access to an asset class traditionally reserved for...
Your Social Security math may be wrong — and it could cost you a lot of money
Here are 3 key factors you may have overlooked.
Supreme Court punts social media moderation cases to lower courts
Chris Marchese (L), director of the NetChoice Litigation Center, looks on as Matt Schruers (C), president and CEO of the Computer & Communications Industry Association, speaks to reporters outside of the U.S. Supreme Court in Washington, D.C., on Feb. 26,...
Former Trump aide Steve Bannon reports to jail
Steve Bannon, former top adviser to Donald Trump, greets supporters as he arrives to speak with media before he reports to prison at the U.S. federal correctional institution in Danbury, Connecticut, U.S., July 1, 2024. Eduardo Munoz | ReutersSteve Bannon, a former...
OKX P2P Campaign Offers Featured Ad Spots for Latam Merchants
OKX has introduced a new campaign targeting merchants in Latin America, providing an opportunity to win featured ad spots on its peer-to-peer (P2P) marketplace. This initiative aims to enhance visibility and drive traffic to merchants'...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8971; (P) 0.8990; (R1) 0.9007; More… Intraday bias in USD/CHF remains on the upside at this point, for channel resistance (now at 0.9034). Fall from 0.9223 might have completed as a three-wave corrective move to 0.8825. Firm break of channel...
Tight liquidity forces banks to tap debt markets, shell out more, ET BFSI
Bank borrowings through money markets and certain types of bonds jumped 60% from a year earlier during April-June as tighter cash conditions compelled lenders to take the debt route to raise money, with the cost of funds rising after a multi-year era of easy liquidity...
Interactive Brokers registers 26% Y/Y rise in DARTs in June 2024
Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just reported its operating metrics for June 2024. The company reported 2.469 million Daily Average Revenue Trades (DARTs) for June 2024, 26% higher than in June 2023. The result was 5% higher...
Blue Ocean Tech sees no need for closing bell with overnight-trading platform
Nasdaq veteran heads up fintech that’s growing its off-hours trading platform for Robinhood, Webull, Interactive Brokers and others.
USD/JPY Rises Up After GDP Downgrade
The Japanese yen has dropped below the 161 line on Monday. The yen is trading at 161.39 early in the North American session, down 0.35% on the day. Japan’s GDP revised sharply lower Japan revised its first-quarter GDP report to -2.9%, y/y, sharply lower than the...
Democrats ask Raimondo for more oversight on CHIPS funding
U.S. Secretary of Commerce Gina Raimondo testifies during the House Science, Space and Technology Committee hearing titled "Chips on the Table: A one year review of the CHIPS and Science Act," in the Rayburn Building in Washington, D.C., on Sept. 19, 2023.Tom Williams...
Tupperware extends debt agreement until July 7
Tupperware’s debt agreement aims to provide flexibility while the food-storage-container company examines strategic alternatives.
FPIs invested Rs 26,565 cr in June after selling in April and May in stock market, ET BFSI
New Delhi[India], June 30 (ANI): The Foreign Portfolio Investors (FPIs) significantly increased their investments in the Indian stock markets in the last week of June, according to data from the National Securities Depository Limited (NSDL).The net investment by FPIs...
Binance Introduces ‘Word of the Day’ Game: Win Binance Points and More
Binance, one of the world's leading cryptocurrency exchanges, has announced the launch of a new educational game called 'Word of the Day' (WOTD). This initiative allows users to test their knowledge and earn rewards, including Binance...
Nasdaq announces election of all nominated directors to boards of its U.S. exchanges
Nasdaq, Inc. (NASDAQ:NDAQ) today announced the election of all nominated directors to the boards of the U.S. exchanges operated by the company. The US exchanges operated by Nasdaq include The Nasdaq Stock Market LLC, Nasdaq PHLX LLC, Nasdaq BX, Inc., Nasdaq ISE, LLC,...
Top 20 Sales Tools for Small Business Owners in 2024 » Succeed As Your Own Boss
As a business owner, you must keep your sales pipeline filled. The best way to do that is to leverage the right tools to keep your sales activities going and automated. The right software and app will allow you to streamline your sales processes, enhance customer...
RBI appoints Charulatha S Kar as new Executive Director, ET BFSI
The Reserve Bank of India (RBI) has appointed Charulatha S Kar as its new Executive Director (ED), effective July 1, 2024.Before her promotion to ED, Kar served as the Chief General Manager-in-Charge of the Human Resource Management Department.With over three decades...
Sunset Market Commentary – Action Forex
Markets Marine Le Pen’s Rassemblement National scored broadly as expected in the first round of French parliamentary elections. They won the ballot with around 33% of the vote, ahead of the left front (28%) and Macron’s alliance (21%). In 485 out of 577 districts, the...
Here’s why a repeat of the Trump 2016 stock playbook may not work, Morgan Stanley says
Reaction by some stocks last week revealed hopes for a repeat of the Trump 2016 playbook, but Morgan Stanley says beware.
Crypto firm Circle gets French license for stablecoin
Launched in 2018 by crypto firm Circle, USDC is now the second-biggest stablecoin globally, with more than $30 billion worth of tokens in circulation.Nurphoto | Getty ImagesCryptocurrency firm Circle said Monday it's now registered as an electronic money institution,...
CS Setty gets FSIB approval to head SBI as next chairman, ET BFSI
Challa Sreenivasulu Setty has been selected as the next chairman of State Bank of India (SBI) by the Financial Services Institution Bureau (FSIB), an arm of the central government. The two other contenders were Ashwini Tiwari and Vinay Tonse. Setty will succeed...
RBI, BFSI News, ET BFSI
The Reserve Bank of India (RBI) has reported that 97.87% of the Rs.2000 denomination banknotes in circulation as of May 19, 2023, have been returned. “The total value of Rs 2000 banknotes in circulation, which was Rs 3.56 lakh crore at the close of business on May 19,...
June ISM: Activity Still Soft, but Prices Cooling
Summary Manufacturing activity remained in contraction territory in June, but in a sign of moderating inflation pressure, the prices paid component fell 4.9 points. New orders rose more than any other component but remains in contraction. Prices Cool The ISM...
Jumps on French election relief :: InvestMacro
FRA40 ↑ as much as 3% on MondayParties have till Tuesday evening to apply for second roundSecond round of election on July 7thKey level of interest – 7470 and 7700FXTM’s FRA40 initially rebounded on Monday morning as investors welcomed the preliminary results of...
Manufacturers are mired in a slump, ISM finds, and aren’t adding much to the U.S. economy
A key barometer of U.S. factories fell in June for the third month in a row, signaling that an ongoing slump in the industrial side of the economy shows no sign of ending.
Inside Starbucks plans to improve stores
Starbucks Coffee shop in Krakow, Poland on February 29, 2024. Beata Zawrzel | Nurphoto | Getty ImagesStarbucks cafes across the country are starting to change how they make drink orders, among other tweaks designed to reduce bottlenecks and long wait times that have...
BNB Chain Welcomes New Projects in DeFi, AI, and Web3 Gaming
The BNB Chain has announced the addition of several new projects across various sectors, including DeFi, AI, and Web3 gaming, between June 23 and June 30, 2024. This initiative is part of BNB Chain's ongoing efforts to expand its...
Nio’s stock, other EV makers rally after upbeat delivery data
Nio’s stock bounced Monday, as the China-based electric-vehicle maker and its peers reported upbeat EV-delivery data for June and the second quarter.
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 160.36; (P) 160.82; (R1) 161.37; More… Intraday bias in USD/JPY is back on the upside with break of 161.27 temporary top. Current up trend should target 61.8% projection of 146.47 to 160.20 from 154.53 at 163.01. On the downside, below 160.25 minor...
Analysts, BFSI News, ET BFSI
Nifty could extend its gains as momentum remains strong with technical charts suggesting a positive bias. If the Index crosses and sustains above the 24,200 level, the momentum could push it towards 24,500-24,600. Analysts recommend stocks such as Reliance, ICICI...
Robinhood announces acquisition of AI-powered investment research platform Pluto
Robinhood Markets, Inc. today announced the acquisition of Pluto Capital Inc., an artificial intelligence (AI) powered investment research platform. Pluto Founder and CEO, Jacob Sansbury, has joined the Robinhood team to accelerate our product roadmap and help...
Telegram Introduces Mini App Bar and Boosts Monetization for Creators
Telegram has rolled out a significant update for June, introducing several new features aimed at enhancing user experience and providing more monetization options for content creators, according to Telegram. Mini App Bar One of the...
RBI appoints Arnab Kumar Chowdhury as new Executive Director, BFSI News, ET BFSI
The Reserve Bank of India (RBI) on Monday has announced the appointment of Arnab Kumar Chowdhury as its new Executive Director (ED), effective June 3, 2024.Before his promotion to ED, Chowdhury served as the Chief General Manager-in-Charge in the Department of...
Maersk shares jump on decision to scrap plans for DB Schenker takeover
The Danish shipping giant’s CEO said Maersk had decided to withdraw from the sales process after identifying challenges with integrating the German logistics company.
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0692; (P) 1.0708; (R1) 1.0731; More…. EUR/USD edged higher to 1.0775 earlier today but failed to break through 55 D EMA (now at 1.0773) and retreated. Intraday bias stays neutral first. On the upside, firm break of 55 D EMA will argue that pull...
OKX Announces Delisting of RNDR Margin Trading Pairs and Perpetual Futures
In a recent announcement, OKX revealed plans to delist RNDR margin trading pairs and perpetual futures. This strategic move aims to enhance market liquidity and optimize the overall user experience, according to OKX. Details of the...
For people’s man Challa Sreenivasulu Setty, the challenge is to take high-flying SBI to newer heights, ET BFSI
Mumbai: Soft spoken, versatile and a people's man are some of the adjectives current and former colleagues use to describe Challa Sreenivasulu Setty, the State Bank of India managing director who is set to take over as the lender's 27th chairman at the end of...
The Japanese yen faces further depreciation amid rate differentials :: InvestMacro
By RoboForex Analytical DepartmentThe USD/JPY pair continues to escalate, currently positioned at 160.88, nearing the 37-year peak of 161.27 achieved last Friday.Early today, the yen temporarily strengthened following Japan’s Q2 Tankan survey results, which indicated...
July is historically a great month for U.S. stocks. Here’s why this year might be different.
The U.S. stock market is on pace to finish the first half of 2024 on a positive note. If the past is any guide, the good times for U.S. equities may keep rolling into July, but not every stock may enjoy this summertime rally.
What is the latest interest rate, when will you get it?, ET BFSI
Fixed-income investors are in for a treat as the high interest rate of RBI Floating Rate Savings Bond (FRSBs), 2020 (Taxable) is going to continue for the July-December period of 2024. The interest rate of the RBI Floating Rate Savings Bond is linked to the interest...
Euro Rebound Stalls as Sterling and Dollar Mount a Comeback
Euro has seen a notable rebound as the new week commenced, though the lack of follow-through buying momentum is evident. The initial results from French parliamentary elections were not as dire as investors had feared. The far-right National Rally’s victory was not as...
This is how much the largest 20 U.S. banks raised dividends after stress tests
Banks increasing payouts the most included Wells Fargo and Bank of New York Mellon.
Groww aims to debunk misinformation to over 1.5 crore customers amid concerns, ET BFSI
New Delhi, As multiple customers juggled to validate their Groww portfolio on mutual fund transfer agencies CAMS and Kfintech amid concerns, the financial services platform on Monday said some of the customers are not able to see all their investments because there...
India’s GST kitty remains central focus; a look at overall collection, ET BFSI
India’s Goods and Services Tax (GST) has remained a central focus in India’s economic discussions and this time around as well, finance minister Nirmala Sitharaman is expected to take the GST figures into consideration before presenting her upcoming Budget in July....
EUR/USD Outlook: Post-French Election Rally So Far Capped by Thickening Daily Cloud
EURUSD opened with gap-higher and rose to three-week high in early European trading on Monday, lifted by results of the first round French parliamentary election. Rally was capped by the base of thickening daily cloud, following last week’s cloud twist, with...
Genesis rolls out version 8.1 of Genesis Application Platform
Genesis today announced the release of version 8.1 of the Genesis Application Platform, which brings developers a set of powerful new tools that streamline application development and elevate application capabilities. Coming just 30 days after the 8.0 release, it also...
Binance Futures Launches USDC-Margined CRV Perpetual Contract With Up to 25x Leverage
Binance Futures has unveiled the launch of a new USDC-margined CRV perpetual contract, offering traders up to 25x leverage. The announcement was made on July 1, 2024, and the new trading option will be available from July 4, 2024, at...
Trump immunity ruling due in Supreme Court’s final decision day
Republican presidential candidate, former U.S. President Donald Trump speaks at a campaign rally at the Liacouras Center on June 22, 2024 in Philadelphia, Pennsylvania. Anna Moneymaker | Getty ImagesThe Supreme Court is poised Monday morning to release the final...
What next for GST after seven years of existence?, ET BFSI
Seven years have passed since the Goods and Services Tax (GST) was introduced on July 1, 2017, consolidating various state and central indirect taxes into a unified system.With buoyant revenue collections setting the stage, experts anticipate the next phase of GST...
Pitney Bowes increases cost-savings target to a range of $120 million to $160 million
The savings stem mostly from general corporate cost cuts but do not include potential savings from changes in the global e-commerce segment, where the company is in the final stages of a strategic review.
U.S. plans to seek guilty plea from Boeing over fatal 737 Max crashes
The fuselage plug area of Alaska Airlines Flight 1282 Boeing 737-9 MAX, which was forced to make an emergency landing with a gap in the fuselage, is seen during its investigation by the National Transportation Safety Board (NTSB) in Portland, Oregon, U.S. January 7,...
SBI launches online quick loan solution for MSMEs, BFSI News, ET BFSI
Mumbai (Maharashtra) [India], July 1 (ANI): Lender State Bank of India (SBI) has unveiled a web-based digital business loans solution for MSMEs' Invoice Financing, aimed at facilitating MSME loans with a fast turn-around-time.The solution, named "MSME Sahaj - End to...
Instrument of the Week (July 1—5): USDCHF Review!
The USDCHF pair, commonly called the “Swissie,” represents the exchange rate between the US Dollar and the Swiss Franc, providing insights into the economic dynamics between the United States and Switzerland. The US Dollar is influenced by the broader economic trends...
Top FX and CFD trading industry news stories of 1H-2024
Hard to believe that we have already closed the books on the first half of 2024 – and what a six months it has been! We at FNG saw record traffic and visitor figures month after month (more on that below), and it is no wonder given the interesting stories and themes...
Ryan Cohen makes first X post in months as GameStop seeks app developers
The GameStop CEO’s posts are closely followed for hints about his plans for the company.
RBI and ASEAN central banks team up for faster cross-border payments, ET BFSI
The Reserve Bank of India (RBI) has announced its participation in a collaborative effort with ASEAN countries to create a platform that will facilitate instantaneous cross-border retail payments. This initiative is part of Project Nexus, a global endeavor led by the...
Bitfarms Reports June 2024 Bitcoin Production and Operational Advances
Bitfarms Ltd. (NASDAQ/ TSX: BITF), a global vertically integrated Bitcoin (BTC) mining company, has released its production and operations update for June 2024. The company earned 189 BTC during the month and significantly increased its...
Boeing agrees to buy fuselage maker Spirit AeroSystems in $4.7 billion deal
Boeing Co. 737 fuselage sections sit on the assembly floor at Spirit AeroSystems in Wichita, Kansas.Daniel Acker | Bloomberg | Getty ImagesBoeing said Monday that it will buy back its struggling fuselage maker Spirit AeroSystems in an all-stock deal that the plane...
EURUSD Gaps Higher Over Potential French Hung Parliament
EURUSD surges after French far-right party wins first race with weaker majority Bullish bias expected to come above 1.0788; sellers could take control below 1.0670 EURUSD opened with a positive gap on Monday after Le Pen’s far right party dominated the first round of...
Buying a home can’t get any worse, right? It can — and probably will.
Lower interest rates spur housing demand — but with supply so tight, prices have nowhere to go but up.
Fresh capital raised via IPOs surges to a 9-year high, hints at private capex revival, ET BFSI
Mumbai: Amid massive selling by promoters and private equity players in the secondary market, fresh capital raised via initial public offerings (IPOs) in the first-half of the year has surged to the highest in nine years, indicating a slow revival in capital...
Broadridge introduces GenAI-powered OpsGPT to optimize trading in T+1 environment
Fintech company Broadridge Financial Solutions, Inc. (NYSE:BR) today announced the launch of OpsGPT, a new capability for operations users, analysts, and management teams to transform their operations across the post-trade lifecycle. Powered by Generative AI (GenAI)...
Incomplete transmission could delay rate reversal by RBI, BFSI News, ET BFSI
Apart from high food inflation, incomplete transmission of the 250 basis point policy rate hikes since May 2022 could delay reversal of the rate cycle by the Reserve Bank of India (RBI). Transmission through loan and deposit rates ranged between 111 and 245 bps until...
Head of Boots pharmacy chain to depart as owner Walgreens struggles
The head of British pharmacy chain Boots is stepping down, amid turmoil for parent company Walgreens Boots Alliance Inc.
Japanese Yen Faces Further Depreciation Amid Rate Differentials
The USD/JPY pair continues to escalate, currently positioned at 160.88, nearing the 37-year peak of 161.27 achieved last Friday. Early today, the yen temporarily strengthened following Japan’s Q2 Tankan survey results, which indicated a slight improvement in...
After France’s right-wing surge, parties scramble to block National Rally win
A person from behind looks at the campaign posters of outgoing deputy Danielle Simonnet (20th arrondissement of Paris, 15th constituency), member of the parliamentary group La France Insoumise (LFI NUPES, left-wing opposition), dissident candidate (part of the LFI...
Why are Ethereum ETFs So Important?
Ethereum ETFs represent a major milestone in the transformation of the conventional financial ecosystem. The impact of cryptocurrencies made the whole world rethink the conventional approaches for financial transactions and investments. Investors have been seeking...
Banks put on alert! RBI warns banks of ‘credible threat intelligence’ regarding cyberattacks, ET BFSI
Banks on alert! The Reserve Bank of India (RBI) has cautioned banks across the nation to be vigilant against potential cyberattacks, following credible intelligence reports. Banks have been instructed to actively monitor their systems round the clock to detect any...
CoinShares: Ethereum Faces Continued Outflows While Bitcoin Sentiment Shows Signs of Reversal
Digital asset investment products experienced a third consecutive week of outflows, amounting to US$30 million, according to CoinShares. However, the latest week showed signs of these outflows significantly slowing down. Ethereum (ETH)...
CoinGecko: Comparing Bitcoin (BTC) & Ethereum (ETH) vs Magnificent Seven by Market Cap
The phenomenon of the 'Magnificent Seven' stocks arose from market consolidation, where dominant companies continue to grow by acquiring potential competitors and scaling efficiently. This group includes Apple (AAPL), Microsoft (MSFT),...
Oil ticks higher to begin July as traders eye demand outlook, drilling activity
Oil futures edged higher early Monday, building on a solid June gain as investors weighed the outlook for summer demand and a continued fall in the number of active U.S. rigs.
Meta accused of failing to comply with EU antitrust rules
Investors are staying on the sidelines amid a broad selloff in tech stocks this year. Shares of Facebook parent Meta are down more than 30% this year amid a troubling macro environment and weaker-than-expected results.Igor Golovniov | SOPA Images | LightRocket | Getty...
UBS closes merger of UBS Switzerland AG and Credit Suisse (Schweiz) AG
UBS announces today that it has completed the merger of UBS Switzerland AG and Credit Suisse (Schweiz) AG. Today, Credit Suisse (Schweiz) AG has been deregistered from the Commercial Register of the Canton of Zurich and has ceased to exist as a separate entity. UBS...
EUR/CHF Daily Outlook – Action Forex
Daily Pivots: (S1) 0.9607; (P) 0.9624; (R1) 0.9644; More…. Immediate focus is now on 0.9683 as EUR/CHF extended the rebound from 0.9476. Decisive break there will argue that Fall from 0.9928 has completed, probably as a correction. Intraday bias will be back on the...
Bill Ackman’s new Pershing Square USA fund wants to lure investors with no performance fees
The closed-end fund has vowed not to charge performance fees as it prepares to float on the New York stock exchange
How to Choose the Best eLITE Credit Cards; pros and cons, BFSI News, ET BFSI
Imagine going on a luxury vacation, shopping from your favourite brands, having early access to special events, enjoying premium benefits and rewards, and more!Well, why imagine when you can enjoy these with an eLITE credit card?eLITE credit card is an all-rounder...
Eurozone PMI manufacturing finalized at 45.8, recovery pushed to late summer
Eurozone manufacturing PMI for June was finalized at 45.8, down from May’s 47.3, signaling continued contraction in the manufacturing sector. This decline indicates ongoing challenges for manufacturers, with only Italy showing some improvement among the member...
CME Group fines, temporarily suspends trader for engaging in prohibited disruptive practices
International derivatives marketplace CME Group has fined and suspended Benjamin Roth for alleged violations of Exchange rules. Pursuant to an offer of settlement in which Benjamin Roth neither admitted nor denied the rule violations or factual findings upon which the...
World Bank approves USD 1.5 bn to support India’s low-carbon energy sector, ET BFSI
With this financing, efforts will be made to enhance the market capability for green hydrogen. The World Bank on June 29, approved USD 1.5 billion in financing to accelerate India's development of low-carbon energy."The financing will help India promote low-carbon...
‘He thinks I’m too materialistic’: My husband and I are in our 40s with two kids. He takes zero interest in our finances. He doesn’t even know the name of our mortgage company.
“I am really worried that if I’m not around, he will not be able to manage the basics of everyday life for himself and our children.”
SingularityNET (AGIX) Unveils Significant Ecosystem Developments in June 2024
SingularityNET (AGIX), a leading decentralized AI platform, has released its latest ecosystem updates for June 2024, highlighting significant advancements and milestones. Key updates include the ASI Alliance token merger, the success of...
Why central banks are moving gold to home countries and buying more, ET BFSI
Central banks worldwide are significantly increasing their gold reserves in response to escalating geopolitical tensions and economic uncertainties, a World Gold Council study reveals. This trend reflects the critical role of gold in ensuring financial stability and...
UK’s PMI manufacturing finalized at 50.9, renewed cost pressures despite growth
UK’s PMI Manufacturing was finalized at 50.9 in June, slightly down from May’s 22-month high of 51.2. This marks a continued period of growth for the sector, but with some emerging concerns. Rob Dobson, Director at S&P Global Market Intelligence, commented, “The...
Banks scanning proprietor A/Cs to spot ‘money mules’, BFSI News, ET BFSI
Wary bankers and deceptive 'mules' are playing a cat-and-mouse game. Several high-street banks have either stopped or slowed down opening sole proprietorship and individual current accounts of firms that are less than a year old amid suspicion that they could be...
Kanye West left this architectural masterpiece in a shocking state, but wants $39 million for the Malibu mansion
West gutted the home and walked away from the unfinished project, and now it’s languishing on the market.
Clearstream launches direct link to South Korea
On 1 July 2024, Clearstream introduced a direct link to South Korea with the Korea Securities Depository (KSD). This innovative link provides clients with seamless market access to settle and safekeep Korean government bonds, including Korean Treasury Bonds (KTBs) and...
Incomplete transmission could delay rate reversal by RBI, BFSI News, ET BFSI
Mumbai: Apart from high food inflation, incomplete transmission of the 250 basis point policy rate hikes since May 2022 could delay reversal of the rate cycle by the Reserve Bank of India (RBI). Transmission through loan and deposit rates ranged between 111 and 245...
EUR/USD Rate Rises After First Round of Voting in France
According to Reuters, exit polls show that Marine Le Pen’s far-right party, the National Rally (RN), won the first round of parliamentary elections in France on Sunday. The financial market reacted to this with a rise in the euro’s exchange rate against other...
Record upturn in job creation drives India’s manufacturing PMI to 58.3 in June, ET BFSI
India's manufacturing activity witnessed a rebound owing to increased robust demand leading to the fastest rate of hiring in more than 19 years. This comes despite inflationary pressures remaining elevated, a survey showed.The HSBC final India Manufacturing Purchasing...
BlackRock buying Prequin for $3.2 billion as private markets interest surges
BlackRock has announced a deal to buy privately held U.K. data provider Preqin.
Gen Z’s shopping habits are heavily driven by TikTok and influencers: KPMG
Young Asian woman unboxing new purchase clothings from cardboard box that received from her online shopping retail delivery at home. She is happy and excited to see the content from the box. Online shopping, trustworthy parcel delivery serviceD3sign | Moment | Getty...
Binance Updates Auto-Invest Entry Points for Better User Experience
In a move aimed at enhancing user experience, Binance has announced changes to the entry points for its Auto-Invest feature on both its website and mobile app. According to the official announcement from Binance, the update is designed to...
Niva Bupa Health Insurance files for Rs 3,000 crore IPO, ET BFSI
Niva Bupa Health Insurance Ltd (formerly Max Bupa) has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO) worth Rs 3,000 crore.The IPO will comprise a fresh...
Indian economy poised for potentially stable high growth phase, says RBI’s monetary policy panel member, ET BFSI
Indian economy is poised for potentially a stable high growth phase and it is also in a strong position in the context of significant risks that the country is facing, RBI's monetary policy committee member Shashanka Bhide said on Sunday. Bhide further said with the...
