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EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0877; (P) 1.0900; (R1) 1.0916; More…. EUR/USD’s retreat from 1.0921 extends lower today but stays well above 1.0805 support so far. Intraday bias remains neutral first. Some more consolidations would be seen but further rally is in favor. Firm...
Iran plot to kill Trump boosted Secret Service protection before shooting
Republican presidential candidate and former U.S. President Donald Trump with his bloodied face is assisted by the Secret Service as multiple shots rang out during a campaign rally at the Butler Farm Show in Butler, Pennsylvania, U.S., July 13, 2024. Brendan Mcdermid...
I don’t need the money from my IRA right now — should I do a Roth conversion to avoid RMDs?
A pension, Social Security and military retirement pay cover our expenses
Paysafe seeks to dismiss stockholder lawsuit over 2021 share price drop
Payments company Paysafe is seeking to nix a stockholder lawsuit concerning the steep decline in its share price in 2021. On July 15, 2024, Paysafe Limited f/k/a Foley Trasimene Acquisition Corp. II, Philip McHugh and Ismail Dawood, filed a motion to dismiss the...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2955; (P) 1.2975; (R1) 1.2988; More… Intraday bias in GBP/USD remains neutral for consolidations below 1.2994 temporary top. But further rally is expected as long as 1.2859 resistance turned support holds. Above 1.2994 will resume the rally from...
New Balance, WNBA sign multiyear partnership
Cameron Brink #22 of the Los Angeles Sparks plays defense against Bridget Carleton #6 of the Minnesota Lynx on June 5, 2024 at Crypto.com Arena in Los Angeles, California. Juan Ocampo | National Basketball Association | Getty ImagesNew Balance on Tuesday announced a...
Prime Day means injuries for almost half of Amazon warehouse workers, Senate investigation finds
For Amazon, the annual sale event leads to massive revenue. For warehouse workers, it leads to injuries, lawmakers say.
Binance Research Reports 37.3% Growth in Crypto Market for H1 2024
Iris Coleman Jul 16, 2024 15:57 Binance Research reveals a 37.3% growth in the crypto market for the first half of 2024, driven by strong performance in Layer-1s, DeFi, and stablecoins. According to Binance...
Trump endorses vaccine conspiracy in leaked call with RFK Jr. after assassination attempt
Combination showing Former President Republican nominee Donald Trump (L), and Independent candidate Robert F. Kennedy.ReutersRepublican presidential nominee Donald Trump repeated false conspiracy theories about childhood vaccinations during a recent call with the...
Clear Street to acquire Instinet’s Fox River algo trading business
Clear Street, a cloud-native financial technology firm, has entered into a definitive agreement to acquire Instinet’s Fox River algorithmic trading business. Fox River provides a comprehensive suite of algorithmic execution solutions in US and Canadian equities. These...
Why gold prices look to smash more records
Gold climbed sharply on Tuesday as bets for U.S. interest-rate cuts prompted prices to touch fresh record intraday highs, and some analysts touted long-term prospects for further gains in the precious metal.
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8937; (P) 0.8955; (R1) 0.8975; More… Intraday bias in USD/CHF stays neutral first. Another fall is mildly in favor with 0.9000 resistance intact. Below 0.8914 will bring retest of 0.8825 low. However, break of 0.9000 will turn bias back to the...
6 categories cheaper today than before pandemic
It's the nature of prices to go up over time, even in low-inflation environments. Historically, the target for the U.S. Federal Reserve has been 2% annual inflation.So when worldwide events like the Covid-19 pandemic push inflation well above that 2% target, it can be...
Kotak Mahindra Bank says it has to do more to leverage technology, ET BFSI
Facing a RBI ban on tech related loopholes, the newly appointed chief of Kotak Mahindra Bank, Ashok Vaswani in his maiden annual letter to shareholders has said that technology will be at the centre of the lender’s efforts to transform and scale further. Addressing...
These Trump-linked crypto tokens have surged, but here’s the catch
Crypto traders have been doubling down their bets on a Donald Trump victory in November’s U.S. presidential election.
U.S. Headline Retail Sales Flat in June, But Core Accelerated
Retail sales was virtually unchanged month-over-month in June. Despite this, the reading was still higher than the consensus forecast calling for a decrease of -0.3%. Additionally, May’s figure was revised upwards to a 0.3% monthly gain (previously 0.1%). Trade in the...
Overview of geo Germany – Small Business Bonfire
Germany is a popular geo in the Tier-1 segment due to its large and solvent population, as well as its central location in Europe. This makes it an attractive destination for advertising campaigns by top affiliates, allowing for a high ROI on a large number of...
Neuralink rival Synchron is using OpenAI models to power chat feature
Mark using Synchron's BCI Courtesy: SynchronA 64-year-old named Mark has spent the last year learning how to control devices like his laptop and phone using a brain implant. And thanks to OpenAI, it's gotten a whole lot easier to do. The neurotech startup Synchron...
eToro moves LUNA token to close-only status
Following the notice sent by the Terra foundation, online broker eToro will be moving the LUNA token to close-only status. This will go into effect on July 17, 2024, at 09:00 GMT. “Terraform Labs has announced that the General Bar Date for filing claims in the Chapter...
Anthropic Launches Claude 3.5 Sonnet Android App with Advanced AI Features
Peter Zhang Jul 16, 2024 16:51 Anthropic releases the Claude Android app, featuring the powerful Claude 3.5 Sonnet model, available for free across all plans. Anthropic has announced the release of its new...
TaxBit CEO Lindsey Argalas Discusses Crypto Compliance and Innovations
Alvin Lang Jul 16, 2024 17:07 In a recent interview, TaxBit CEO Lindsey Argalas delves into crypto compliance, IRS regulations, and the future of digital asset management. TaxBit CEO Lindsey Argalas recently...
Millmax is Your Best Choice for Dietary Supplements
Millmax is Your Best Choice for Dietary Supplements - Small Business Bonfire Home » Reviews » Millmax is Your Best Choice for Dietary...
Banks look to form their own self-regulatory body for fintechs, ET BFSI
New Delhi: Banks are likely to soon set up a Section 8 entity under the Companies Act to apply for a self-regulatory organisation (SRO) license for the fintech sector under Reserve Bank's framework, people familiar with the deliberations said. Lenders have also held...
‘We don’t need a Republican Bernie Sanders’: Why Trump’s choice of Vance spooks Wall Street
Donald Trump’s choice of Sen. J.D. Vance as his running mate has some investors and executives worried that a second Trump administration could be far less friendly to corporate America than the first, given the Ohio Republican’s history of populist rhetoric and...
Andreessen Horowitz founders plan to donate to pro-Trump PACs
Venture capitalist Marc Andreessen speaks at the TechCrunch Disrupt conference in San Francisco, Calif. on Tuesday, Sept. 13, 2016. (Photo By Paul Chinn/The San Francisco Chronicle via Getty Images)San Francisco Chronicle/hearst Newspapers Via Getty Images | Hearst...
Canadian Inflation Eases, But Details a Mixed Bag
Headline CPI inflation decelerated in June to 2.7% year-on-year (y/y), right on consensus expectations and below last month’s 2.9% y/y print. The deceleration was led by gasoline prices, which dropped 3.1% month-on-month (m/m), compared to the +5.6% m/m gain last...
Warner Bros. Discovery to miss out on ‘about $600 million of profit’ a year if it loses the NBA
TNT recently signed deals to show the French Open as well as more college sports.
Gold Nears Record High as Fed Rate Cut Looms :: InvestMacro
By RoboForex Analytical DepartmentGold prices have surged, reaching $2430 per troy ounce on Tuesday, flirting with historic highs. The recent spike in gold prices is largely attributed to comments made by Federal Reserve Chairman Jerome Powell, which have bolstered...
Axis Bank completes migration of Citibank customers to its systems, ET BFSI
Private lender Axis Bank which has completed migration of Citibank customers to its systems on Monday faced glitches during the process. Several erstwhile Citi customers took to social media to complaint that they were unable to access their accounts on the Axis...
Kiwi Coming into Strong Support Ahead of Inflation Data
NZDUSD is coming out of consolidation, suggesting that the price action since the start of July was a triangle in wave B. Therefore, the whole retracement from June 12th is much more complex and deeper but still has a corrective shape. It looks like we are just...
Bitcoin (BTC) Faces Major Sell-Off Amid German Government and Mt. Gox Distributions
Rongchai Wang Jul 16, 2024 16:20 Bitcoin market faces significant sell-off pressures from the German Government and Mt. Gox distributions, impacting price and investor sentiment. The Bitcoin (BTC) market has...
Bond fund managers absolutely can beat an index fund — but most don’t
Bond managers, on average, lag the market over time regardless of whether interest rates are rising or falling.
Webull UK adds savings, bank transfers
Online trading firm Webull has increased its neobroker/neobank dual offering in the UK, with Webull UK announcing the launch of Webull Savings, an offering that provides users with access to a marketplace of savings accounts and the ability to move funds quickly...
USD/CAD Steady After Canadian CPI, US Retail Sales
The Canadian dollar is showing limited movement on Tuesday. In the North American session, USD/CAD is trading at 1.3687, up 0.03% on the day at the time of writing. Canada’s CPI lower than expected Canada followed the US and posted a better-than-expected inflation...
The Nvidia-led AI gold rush is paydirt for these data-center growth stocks
Providers of AI infrastructure ‘picks and shovels’ stand to benefit from growing demand.
IMF raises India’s growth projection to 7% for FY25, ET BFSI
International Monetary Fund (IMF) on Tuesday raised India’s growth projection for FY25 by 20 basis points to 7% citing ‘improved prospects’ for private consumption, particularly in rural areas.It expects gross domestic product (GDP) growth in FY26 to slow down to...
Uniswap (UNI) Launches Browser Extension for Enhanced Crypto Experience
Caroline Bishop Jul 16, 2024 15:26 Uniswap (UNI) introduces a new browser extension, enhancing the self-custody crypto experience directly from the browser sidebar. Uniswap (UNI) Labs has announced the release...
Traders pivot back to multiple rate-cut view, reviving one of 2024’s biggest trading themes
It didn’t take long for one of the biggest and most important trading themes at the start of 2024 to come back in the minds of investors and traders, after having faded a month ago.
ECB Could Disappoint Expectations for a Dovish Shift
ECB meets with near zero chances for a rate cut ECB members continue to disagree about the rates outlook A dovish shift looks unlikely as the focus rests with the Fed Euro showing unexpected strength despite political unrest ECB meets but all eyes remain on the US The...
WSJ: Spot Ether ETF likely to start trading next week
The Wall Street Journal is reporting that spot Ether ETF trading is likely to begin next week. According the story:The Securities and Exchange Commission (SEC) has informed several asset managers that the first U.S. exchange-traded funds (ETFs) holding ether could...
The Australian dollar remains in positive territory against other currencies. The Bank of Canada survey disappointed investors :: InvestMacro
By JustMarketsAt Monday’s close, the Dow Jones (US30) Index was up 0.53%, while the S&P 500 (US500) Index was up 0.28%. The NASDAQ Technology Index (US100) closed positive 0.40% yesterday. The Russell 2000 Index also gained 1.8% as investors continued to refocus...
Seasonal weakness, higher cost of funds to weigh on bank numbers, ET BFSI
ET Intelligence Group: The banking sector is expected to report a muted performance for the June 2024 quarter on sequential basis given weakness related to general elections and heatwave and a strong base growth in the previous quarter. The six banks in the Nifty 50...
20 value stocks with high dividend yields and expected room to raise payouts
Last week’s action in the stock market might have signaled a long-awaited shift away from a focus on Big Tech in the stock market to overlooked pockets of value.
Gold’s Astounding Rally and the Challenges Ahead
Gold gains around 18% year-to-date But is it time for the uptrend to cool down a bit? Even if so, the broader outlook remains positive Gold shines bright Gold had a great year-to-date performance, gaining around 18% and hitting a record high of 2450 on May 20. As...
eToro survey reveals 46% of retail investors do not think about ESG
Retail investors around the world are significantly more likely to ignore ESG (environmental, social & governance) factors than consider them before they invest, according to data from the latest Retail Investor Beat (RIB) from online broker eToro. In the study of...
Oil prices fall a third straight day as China data fed worries over demand
Oil futures on Tuesday were on track to stretch their losses into a third consecutive session, as investors worried about demand from China, the world’s second-largest consumer of crude.
Wondershare Filmora Integrates NVIDIA RTX Video HDR and AI Features
Felix Pinkston Jul 16, 2024 14:35 Wondershare Filmora now supports NVIDIA RTX Video HDR and AI features, enhancing video quality and streamlining workflows for content creators. Wondershare Filmora, a popular...
The artificially intelligent future of finance, ET BFSI
India’s large lenders are rewiring through GenAI to improve their customer interface and get a leg up on their younger, disruptive competitors, report Beena Parmar & Annapurna Roy A slew of banks, including the country’s largest lender, State Bank of India (SBI),...
Sunset Market Commentary – Action Forex
Markets Global core bonds gained some ground going into today’s main dish, US retail sales. UK gilts slightly outperformed Bunds and Treasuries as markets gear for tomorrow’s June CPI numbers. A further easing on all accounts is expected but the sub 2% drop in the...
Bitcoin (BTC) Shows Resilience Amid Market Volatility, Says Bitfinex Report
Ted Hisokawa Jul 16, 2024 14:14 Bitcoin's recent price surge signals market resilience, but analysts urge caution amid ongoing volatility, according to Bitfinex Alpha 113. Bitcoin (BTC) has demonstrated notable...
Welsh First Minister Vaughan Gething steps down
First Minister of Wales Vaughan Gething gives a speech during King Charles III and Queen Camilla visit to the Senedd in Cardiff, to mark its 25th anniversary on July 11, 2024 in Cardiff, Wales. Wpa Pool | Getty Images Entertainment | Getty ImagesVaughan Gething said...
More builders slash home prices as confidence in the market falls to seven-month low
Builder sentiment fell as mortgage rates stay elevated, the National Association of Home Builders said.
Set for fresh all-time highs? :: InvestMacro
ASML ↑ over 40% year-to-dateShares could move 5.7% % ↑ or ↓ post-earningsMachinery bookings & forward guidance in focusTechnical levels – 1120 and 1000Shares of ASML have been on a tear this year, surpassing the $1000 and €1000 milestone across both...
Amazon’s Prime Day causes worker injuries, Senate probe finds
An Amazon workers pull a cart of packages for delivery on E 14th Street on July 12, 2022 in New York City.Michael M. Santiago | Getty ImagesAmazon Prime Day, the 48-hour discount blitz that kicks off Tuesday, is a "major" cause of worker injuries, according to the...
Dollar Gains After Retail Sales Boost; Gold Nears New Record
Dollar bounces higher in early US session, buoyed by stronger-than-expected retail sales data. This resilience in consumer spending comes despite the persistent high inflation and elevated interest rates. The robust retail sales figures lend support to Fed’s soft...
Axis Bank completes migration of Citibank customers to its systems, ET BFSI
Private lender Axis Bank which has completed migration of Citibank customers to its systems on Monday faced glitches during the process. Several erstwhile Citi customers took to social media to complaint that they were unable to access their accounts on the Axis...
Bitfinex to List UXLINK Governance Token for Decentralized Social Platform
Zach Anderson Jul 16, 2024 13:27 Bitfinex announces listing UXLINK, the governance token of the UXLINK decentralized social platform, enhancing Web3 adoption. Bitfinex, a premier digital asset trading platform,...
Hugo Boss shares sink as company becomes latest fashion seller to cut guidance
Hugo Boss shares fell sharply on Tuesday after the suit seller followed rivals Burberry and Swatch Group in cutting its guidance over concerns that a slump in the global economy is set to hit sales in key markets including the U.K. and China throughout the remainder...
Trump 2.0 could be bad news for global inflation, analysts say
US former President and 2024 Republican presidential candidate Donald Trump, a bandage on his ear after being wounded in an assassination attempt, attends the first day of the 2024 Republican National Convention at the Fiserv Forum in Milwaukee, Wisconsin, July 15,...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 157.32; (P) 157.88; (R1) 158.57; More… Intraday bias in USD/JPY remains neutral for consolidations above 157.61. On the downside, break of 157.16 and sustained trading below 55 D EMA (now at 157.72) will bring deeper correction to 38.2% retracement...
MetaQuotes upgrades MQL5 Cloud Network infrastructure
Fintech company MetaQuotes has recently upgraded the entire MQL5 Cloud Network infrastructure to enhance its performance. New servers were added and existing ones were upgraded for better agent registration and task distribution. The network now operates through seven...
This is what a Trump White House could mean: From tech M&A to tariffs and Tesla
A victory for Donald Trump in the November presidential election could have widespread implications for a host of industries, from big tech M&A to electric vehicle makers, say analysts.
State Bank of India launches Amrit Vrishti, a limited period FD with higher interest rate, ET BFSI
The State Bank of India (SBI) has launched a new term limited period deposit scheme known as "Amrit Vrishti", an FD scheme offering higher interest rates and catering to both domestic and non-resident Indian customers. The new scheme is effective from July 15,...
Canada CPI slows to 2.7% yoy in June, down-0.1% mom
Canada’s CPI slowed from 2.9% yoy to 2.7% yoy in June. The deceleration was largely the result of slower year-over-year growth in gasoline prices, which rose 0.4% in June following a 5.6% increase in May. Excluding gasoline, the CPI rose 2.8% yoy. Looking at the core...
Retail sales fall flat in June due to lower gas prices and auto cyberattack
Sales at U.S. retailers were flat in June because of falling gas prices and a nationwide cyberattack on auto dealers, but most other stores showed an increase in spending in a sign of stable economic growth.
Binance Launches PEPE Flexible Products With Up to 8% Bonus Tiered APR
Felix Pinkston Jul 16, 2024 12:13 Binance introduces a promotion for Pepe (PEPE) Simple Earn Flexible Products, offering up to 8% Bonus Tiered APR during the promotion period. Binance has announced a new...
Marex opens new office in Auckland, New Zealand
Global financial services platform Marex Group Plc (NASDAQ:MRX) has opened a new office in Auckland, New Zealand, as it expands its operations in Asia Pacific and extends its global environmental offering, aligned with its strategy to diversify its business and...
Microsoft hiring of AI Inflection staff referred for UK merger probe
Mustafa Suleyman, co-founder and chief executive officer of Inflection AI UK Ltd., speaks at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024.Stefan Wermuth | Bloomberg | Getty ImagesMicrosoft's hiring of certain former employees from artificial...
Know the services provided by credit card customer care, ET BFSI
In today’s fast-paced world, credit cards have become an essential financial tool for managing expenses, earning rewards, and building credit history. However, with the convenience of credit cards comes the occasional need for assistance. Whether it’s a billing query,...
GBP/USD Faces Challenges in Breaking Through Key 1.3000 Level
GBP/USD struggles to break above the 1.3000 level despite softer US data and a dovish comment from Fed Chair Powell. UK inflation data will be crucial in determining whether GBP/USD can break above 1.3000. Technical analysis suggests GBP/USD may struggle to break...
Macy’s junk bonds that would pay off in the event of a takeover fall after talks end with private-equity suitors
Macy’s outstanding high-yield bonds were trading mixed on Monday after the company said it has ended takeover talks with two private-equity suitors after they failed to come up with a compelling enough offer and committed financing.
Self-proclaimed bitcoin inventor Craig Wright referred to prosecutors
Craig Wright, self-declared inventor of Bitcoin, arrives at federal court in West Palm Beach, Florida, U.S., on Friday, June 28, 2019.Saul Martinez | Bloomberg | Getty ImagesLONDON — Craig Wright, an Australian man who claimed to be the inventor of bitcoin, was on...
Will a market crash one day be pinned on the Supreme Court? An accounting expert explains why recent rulings have him worried :: InvestMacro
In two major rulings this past month, the U.S. Supreme Court curtailed the authority of federal agencies to draft and enforce policies that affect the nation’s financial health. One important agency, the Securities and Exchange Commission, took a particularly big...
Four deep value stocks flagged as this asset class seeks a comeback
Miller Value Deep Value Strategy flags small-cap diamonds in the food, energy and media sectors.
GM’s 2025 EV production capacity target in doubt after Barra comments
General Motors' goal of being capable of producing 1 million all-electric vehicles in North America by the end of 2025 in heavily in doubt, following comments Monday by CEO Mary Barra.The production capacity target for next year was one of the last EV targets the...
USD/JPY: May fall Further If US Retail Sales Miss in June
USDJPY remains in extended consolidation of last week’s sharp fall, sparked by US inflation data and intervention by Japanese authorities. Near-term action is holding above 55DMA (157.55) which repeatedly contained dips and marks solid support for now. Traders also...
Binance Futures to Introduce WIFUSD COIN-M Perpetual Contract with 20x Leverage
Timothy Morano Jul 16, 2024 09:30 Binance Futures announces the launch of the WIFUSD COIN-M Perpetual Contract with up to 20x leverage, starting July 23, 2024. Binance Futures is set to launch a new WIFUSD...
ARC growth halves in FY24 as bank NPAs drop, BFSI News, ET BFSI
The asset reconstruction sector experienced a slowdown in growth to 15% in the last financial year, down from nearly 32% in 2022-23. This deceleration is attributed to the continuous decline in gross non-performing assets (NPAs) within the banking system and the...
Binance Launches Ethereum (ETH) Promotion with $40,000 USDC Rewards
Jessie A Ellis Jul 16, 2024 10:29 Binance introduces a new promotion for Ethereum users, offering $40,000 USDC in rewards for depositing, copying, or trading selected tokens. Binance has announced a new...
5 strategies for a midyear financial tune up
Uncover blind spots and clarify your goals
XAU/USD: Gold Advances Further on Powell’s Dovish Stance
Gold price rose further in early Tuesday following more dovish tones from Fed Powell in his speech on Monday, which contributes to growing expectations that the Fed may soon decide to start cutting interest rates. Powell pointed to the recent inflation data which...
Bank of America registers 12% Y/Y increase in Global Markets revenue in Q2 2024
Bank of America Corp (NYSE:BAC) has just released its financial report for the second quarter of 2024. The Global Markets segment posted net income of $1.4 billion, both including and excluding net DVA. Global Markets’ Revenue amounted to $5.5 billion in the three...
Morgan Stanley (MS) earnings Q2 2024
Ted Pick, co-president of Morgan Stanley, speaks during a Bloomberg Television interview in New York, US, on Thursday, Oct. 26, 2023. Jeenah Moon | Bloomberg | Getty ImagesMorgan Stanley is set to report second-quarter earnings before the opening bell Tuesday. Here's...
Banks Q up for Rs 40,000 crore equity fundrace, ET BFSI
Mumbai: Banks are preparing for collective equity fundraise of nearly ₹40,000 crore in the second half of this financial year, show data compiled by ET. They are expected to use the fresh capital to reinforce balance sheets, mainly to support expansion.The boards of...
Generating both Economic and Environmental Returns, ET BFSI
The growth in climate finance has been promising, hitting an annual flow of $44 billion by 2020, mostly for energy and mitigation.Climate finance is not just about combating climate change; it is about driving economic growth while safeguarding this growth and our...
Trump’s VP pick J.D. Vance is seeing his ’Hillbilly Elegy’ book sales soar again
J.D. Vance now tops the Amazon bestsellers list for his 2016 book. ‘I wouldn’t be surprised if Vance outsells Stephen King this year.’
Exploring the Complexities of Restaking: Risks and Rewards
Terrill Dicki Jul 16, 2024 10:48 Dive into the intricate world of restaking with a detailed analysis of its risks and rewards across Ethereum and Cosmos ecosystems. The world of blockchain technology continues...
Gold Nears Record High as Fed Rate Cut Looms
Gold prices have surged, reaching $2430 per troy ounce on Tuesday, flirting with historic highs. The recent spike in gold prices is largely attributed to comments made by Federal Reserve Chairman Jerome Powell, which have bolstered expectations of an impending...
Bank of America (BAC) earnings Q2 2024
CEOs from left, Charles Scharf, Wells Fargo, Brian Moynihan, Bank of America, and Jamie Dimon, JPMorgan Chase, testify during the Senate Banking, Housing, and Urban Affairs Committee hearing titled "Annual Oversight of Wall Street Firms," in Hart Building on...
Liquidnet partners with Gen-AI startup Boltzbit to enhance its Fixed Income primary markets workflow
Liquidnet, a technology-driven agency execution specialist, today announced its partnership with Gen-AI startup Boltzbit to optimize its Fixed Income primary markets workflow. Leveraging Boltzbit’s unique Artificial Intelligence (AI) Machine Learning solutions and its...
How Machine Learning Works Step by Step?
Machine learning is one of the most promising branches of science that has come into existence in recent times. Although the concept of machine learning is in its initial phase, it has shown immense potential as well as promise. Today, machine learning has made its...
Biden proposes nationwide rent cap to lower housing costs, experts say it’s counterproductive.
President Joe Biden has proposed capping rent increases nationwide to 5%, in an attempt to reign in surging housing costs. But housing experts are calling it counterproductive.
Uber now lets riders see average wait times, costs in many cities
Rafael Henrique | SOPA Images | Lightrocket | Getty ImagesUber on Tuesday announced it's rolling out a new feature that lets users see average wait times and costs for rides in more than 10,000 cities.The feature, which aims to make planning summer travel easier,...
Elon Musk plans to give $45 million a month to pro-Trump super PAC, WSJ reports
Elon Musk attends 'Exploring the New Frontiers of Innovation: Mark Read in Conversation with Elon Musk' session during the Cannes Lions International Festival Of Creativity 2024 - Day Three on June 19, 2024 in Cannes, France. Marc Piasecki | Getty ImagesElon Musk has...
Northern Arc Capital gets Sebi’s go ahead to float IPO, BFSI News, ET BFSI
New Delhi, Non-bank financial institution Northern Arc Capital Ltd has received Sebi's approval to raise funds through an initial share sale, an update with the markets regulator showed on Monday. The proposed Initial Public Offer (IPO) is a combination of a fresh...
German ZEW falls to 41.8, first decline in a year
Germany ZEW Economic Sentiment fell from 47.5 to 41.8 in July, below expectation of 44.3. That’s also the first decline in a year since July 2023. Current Situation Index rose from -73.8 to -68.9, above expectation of -73.0. Eurozone ZEW Economic Sentiment fell from...
Unleashing the power of digitization and office automation, ET BFSI
In today's rapidly evolving market landscape, digital transformation is revolutionizing industries, particularly in the BFSI (Banking, Financial Services, and Insurance) sector. Embracing advanced technologies is no longer a choice; it's a strategic necessity to...
Effective Strategies to Dominate Arena Battles in Eternal Paradox
Zach Anderson Jul 16, 2024 09:49 Discover the top strategies for success in Eternal Paradox's Arena, including Val Speed, Big Boys, and Debuff to Death. According to Gala News, players of Eternal Paradox are...
Andrew McCormick to replace Lule Demmissie as eToro USA CEO
FNG has learned that Israel based online trading firm eToro is making some changes to its management ranks, replacing the CEO of eToro USA, Lule Demmissie, with Andrew McCormick. Lule Demmissie joined eToro in 2021 – when at the time eToro was attempting to go public...
Eurozone goods exports fall -0.5% yoy in May, imports down -6.4% yoy
Eurozone goods exports fell -0.5% yoy to EUR 241.5B in May. Goods imports fell -6.4% yoy to EUR 227.6B. Trade balance showed a EUR 13.9B surplus. Intra-Eurozone trade fell -5.6% yoy to EUR 216.0B. In seasonally adjusted term, goods exports fell -2.6% mom to EUR...
Kotak Mahindra Bank announces new distribution structure to enhance customer experience, ET BFSI
Private sector lender Kotak Mahindra Bank on Tuesday unveiled its new Distribution structure as part of its growth strategy. This is aimed at bringing together all the ways in which its customers interact with the Bank and to deliver an omni-channel seamless...
RFK Jr. getting Secret Service protection
Independent presidential candidate Robert F. Kennedy Jr. addresses the Libertarian Party's national convention in Washington, U.S., May 24, 2024. Brian Snyder | ReutersIndependent presidential candidate Robert F. Kennedy Jr. will receive Secret Service protection at...
‘King of Queens’ star Leah Remini just sold this Studio City mansion for $9.3 million: Take a look
The elegant home features a black, white, and gray color scheme; custom millwork and a guest cottage.
Spot Ether ETFs are likely to begin trading on Tuesday July 23 (unnamed sources)
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,...
NZD: Will Bearish Momentum Halt?
The NZDUSD pair remains under pressure near 0.6075 in early Asian trading on Tuesday, affected by weak Chinese economic data and a modest rebound in the US Dollar. Attention is on the upcoming US Retail Sales data for June. Focus will also shift to New Zealand’s CPI...
Industrial activity is expected to gain support from domestic consumption in FY25: CRISIL, ET BFSI
NEW DELHI: Industrial activity in the current fiscal year is poised to gain support from domestic consumption, with an anticipated improvement in private consumption, which had weakened to 4 per cent last fiscal, according to CRISIL report.The normalization of the...
Is the Carbon Credit Market Dead? :: InvestMacro
Source: Streetwise Reports (7/12/24) We explain carbon credits, cover some of the system’s inherent problems, discuss future market growth and highlight some carbon credit streaming companies working hard to operate transparently.Last year, scrutiny of the carbon...
Ocado shares rally as British online grocer narrows losses
Ocado shares increased sharply on Tuesday following a crash in its share price on Monday after it was downgraded by analysts
NVIDIA Unveils New NIMs for Mistral and Mixtral AI Models
Iris Coleman Jul 16, 2024 03:33 NVIDIA introduces new NIMs for Mistral and Mixtral models, enhancing AI project deployment with optimized performance and scalability. Large language models (LLMs) are...
India’s wholesale inflation surges to 16-month high of 3.36 per cent in June, ET BFSI
India's wholesale inflation, measured using the Wholesale Price Index, surged to a 16-month high of 3.36 per cent on an annual basis in June as against a 15-month high of 2.61 per cent last month, government data showed on Monday.The inflation rate for primary...
‘Bulls-eye’ remark was a mistake in light of Trump shooting
U.S. President Joe Biden delivers remarks following the incident that occurred at a campaign rally for former U.S. President Donald Trump, in Rehoboth Beach, Delaware, U.S., July 13, 2024. Tom Brenner | Via ReutersPresident Joe Biden said he should not have used the...
RBI to banks, ET BFSI
The Reserve Bank of India (RBI) has asked banks to give borrowers at least three weeks to respond before tagging them as fraud accounts. The regulator has also said the decision conveyed to the borrower must contain their submission and reasons for classifying the...
EURJPY Pulls Back from 32-Year High
EURJPY jumped to its highest since January 1992 last week But corrected lower after suspected Japanese intervention Oscillators weaken but remain above neutral zones EURJPY has been in a steep uptrend since the beginning of the year, storming to consecutive multi-year...
New pro-Trump super PAC reportedly has Elon Musk’s support after raising millions in Q2
A new super PAC supporting Donald Trump’s presidential run has the backing of a number of tech and finance figures, and multiple reports contend that Elon Musk will soon join them.
BUX offloads FCA licensed entity to UAE CFDs broker APM Capital
Dutch banking concern ABN Amro has begun to offload the non-core units of BUX, the Amsterdam based neobroker which ABN Amro took over earlier this year. BUX announced this morning that it has sold its FCA-licensed UK business BUX Financial Services Limited (BUX UK,...
Gala Games Announces Harvest Pie Hoedown Event for Common Ground World
Zach Anderson Jul 16, 2024 03:53 Gala Games introduces the Harvest Pie Hoedown event in Common Ground World, featuring new crops, crafts, and rewards for players. This week, Gala Games has announced the launch...
NBFCs to have special committee, 21-day notice for fraud prevention, ET BFSI
NBFCs to have special committee, 21-day notice for fraud prevention The Reserve Bank of India (RBI) on Monday released a circular to curb the fraudulent activities in the Non-Banking Financial Companies, including Housing Finance Companies. It aimed at the prevention,...
India’s covid-year employment spike led by agriculture: RBI Data, ET BFSI
The Reserve Bank of India's (RBI) recent analysis of employment data for the pandemic year 2020-21 has revealed significant increases in employment within agriculture and allied activities, construction, health, and social welfare. This report, which measures...
Budget likely to announce India’s commitment to global minimum effective corporate tax, ET BFSI
MUMBAI: Budget 2024 is likely to announce India’s commitment to Pillar 2 which seeks implementation of a global minimum effective corporate tax rate (GloBE) of 15% This project spearheaded by the Organisation for Economic Cooperation and Development (OECD) and backed...
Can Nirmala Sitharaman blend good economics with shrewd politics?, ET BFSI
NDA 3.0 has, so far, indicated continuity. Retention of the key ministerial portfolios and the position of the Speaker of the Lok Sabha by the BJP has sent the message of continuity.Will the first Budget of NDA 3.0 indicate continuity of economic policy? Or will the...
Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’
Jul 16, 2024 07:59 UTC | Updated: Jul 16, 2024 at 07:59 UTC By Clark In an unexpected twist of events, former President Donald Trump has survived a shooting incident, sparking significant movements in the live crypto market. Amidst the...
BlackRock CEO Larry Fink says he was wrong on Bitcoin – now says its legitimate
BlackRock CEO Larry Fink spoke in a US media interview (CNBC), endorsing the cryptocurrency: “My opinion five years ago was wrong”“I believe bitcoin is a legitimate financial instrument”BTC should be part of every investor’s portfolioan instrument you invest in when...
FX option expiries for 16 July 10am New York cut
There is one to really take note of on the day, as highlighted in bold.It is for EUR/USD and seen at the 1.0900 level once again. That is likely to help contain price action and limit any overextensions beyond the figure level, at least until we get to the US retail...
Chinese central bank’s new policy tools let it act more like the Fed
Chinese central bank’s new policy tools let it act more like the Fed
Apple iOS 18 public beta released: How to install
Tim Cook, chief executive officer of Apple Inc., during the Apple Worldwide Developers Conference at Apple Park campus in Cupertino, California, US, on Monday, June 10, 2024.Bloomberg | GettyApple on Monday released a preview version of its big new iPhone update.The...
Trump lauded at Republican convention, his first public appearance since assassination attempt
Former President Donald Trump was cheered and celebrated when he arrived at the Republican National Convention in Milwaukee Monday, his first public showing since the assassination attempt against him at his Pennsylvania rally.The former president was wearing a...
Yen Softens as Rebound Fades; Loonie Looks to Canadian CPI
Yen weakened broadly during Asian session today, giving back some of last week’s strong gains that were reportedly driven by Japan’s market intervention. Japan’s Chief Cabinet Secretary Yoshimasa Hayashi repeated in a press conference that it is crucial for currency...
Exploring the Future of Asset Tokenization: Opportunities and Challenges
Tony Kim Jul 16, 2024 04:31 Asset tokenization is set to revolutionize the financial sector with an estimated value of $16 trillion by 2030. Discover the key insights and challenges. The estimated worth of asset...
what we know about Britain’s new prime minister and how he will lead :: InvestMacro
All prime ministers bring their own personality and approach to the job. Each has a different style of leadership, which can shape how things work and what gets done. Herbert Asquith famously summed it up when he said being prime minister is all about “what the holder...
Options traders flash rare bullish signal for small-cap stocks
The options market is sending an encouraging message for small-cap investors: The latest stock rally might have room to run.
Exploring the Complexities of Staking on Ethereum
James Ding Jul 15, 2024 19:16 A comprehensive overview of Ethereum staking, covering types, risks, rewards, and future projections according to Galaxy. Staking on Ethereum has garnered significant attention as...
HDFC Bank imparts skill training to 3.25 lakh youth under CSR initiative, ET BFSI
New Delhi, HDFC Bank on Sunday said it has imparted skill training, covering high-demand sectors like IT/ITeS, healthcare and manufacturing, to about 3.25 lakh youth in the last 10 years under its corporate social responsibility (CSR) initiative. Skill development and...
Immigration is soaring. Here’s what it’s doing to the labor market.
Millions of immigrants are entering the country and joining the workforce.
How AI and automation will reshape grocery stores and fast-food chains
AI isn't just a hyped innovation in the tech sector; the food industry is also investing heavily in the red-hot trend.Americans heading to the grocery store or their favorite fast-food restaurant will already have noticed the introduction of the new technology in such...
Why the ‘Trump trade’ is boosting bitcoin, and what’s next for the crypto
Bitcoin jumped on Monday as investors raised their bets on Donald Trump’s potential victory in the presidential election in November.
BoB’s Monsoon Dhamaka Deposit Scheme to offer upto 7.9% returns, ET BFSI
Bank of Baroda (BoB) has declared a new financial product for Domestic Retail Term Deposits called bob Monsoon Dhamaka Deposit Scheme, which provides interest rates at a substantial level for individuals securing retail deposits up to Rs. 3 Crore. This scheme can be...
Nikkei Index Has Risen To a Two-Month High
As we reported on 26th June, analysing the Nikkei 225 chart (Japan 225 on FXOpen): → The price is in a significant upward trend (shown by the blue channel); → The price may continue to rise along the median line. Since then, the Nikkei 225 index (Japan 225 on FXOpen)...
NFT Artists and Web3 Communities Shine in Linea’s Culture SZN Wave 3
Lawrence Jengar Jul 15, 2024 18:16 Discover the NFT artists and web3 communities featured in Linea's Culture SZN Wave 3, including SendingMe, TownStory, Danielle Zosavac, and more. Linea's Culture SZN campaign...
‘Capacity missteps’ and fare promotions are plaguing major U.S. airlines
U.S. airlines have struggled with weakness in the domestic market, facing a mismatch between capacity and demand that is casting a shadow over the second half of the year.
Bitcoin Has Surfaced Following a Dive
Market picture On Sunday, the cryptocurrency market moved to a rapid rise, completing a consolidation after a correction. Cryptocurrencies positively played off the strengthening chances of Trump’s victory after the assassination attempt. In addition, buyers were...
SBI hikes benchmark MCLR rate, BFSI News, ET BFSI
State Bank of India (SBI) has hiked its benchmark marginal cost of fund based lending rate (MCLR) by 5 to 10 basis points in majority of tenures effective Monday.In an update on its website the country's largest lender said MCLR on one month to three years has been...
How Trump assassination attempt is helping lift gold prices toward record highs
Gold futures inched closer to fresh record highs on Monday, as the assassination attempt on former president Donald Trump raised political uncertainty, boosting safe-haven demand for the precious metal.
Crypto stocks like Coinbase and Microstrategy soar as bitcoin rallies
SAN ANSELMO, CALIFORNIA - JUNE 06: In this photo illustration, the Coinbase logo is displayed on a screen on June 06, 2023 in San Anselmo, California. The Securities And Exchange Commission has filed a lawsuit against cryptocurrency exchange Coinbase for allegedly...
LangChain Unveils Multi-Agent Flow Deployment on LangGraph Cloud
Tony Kim Jul 15, 2024 17:33 LangChain Blog explains the deployment of a multi-agent flow on LangGraph Cloud, enhancing GPT Researcher with a complex AI workflow. LangChain has announced the successful deployment...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0876; (P) 1.0893; (R1) 1.0925; More…. No change in EUR/USD’s outlook and intraday bias remains on the upside for the moment. Decisive break of 1.0915 resistance will resume whole rise from 1.0601 to 100% projection of 1.0601 to 1.0915 from 1.0665...
Investing in real estate isn’t all it’s cracked up to be
This asset class went 68 years with no net gain
‘Will cut middlemen out to help improve farmers’ income’, ET BFSI
The National Bank for Agriculture and Rural Development (Nabard) is promoting entrepreneurship among farmers with value addition, marketing and direct selling of their produce, says R Anand, its chief general manager and officer-in-charge of Chennai regional office,...
How to Evaluate Your Business Model for Scaling » Succeed As Your Own Boss
Scaling a business is an exciting prospect, but it requires careful evaluation to ensure that your business model can handle the increased demands. Rapid growth can lead to operational and financial challenges if not managed correctly. Here’s a comprehensive guide on...
Trump shooting puts Secret Service under scrutiny
Editor's note: This is a developing story and will be updated throughout the day.The Secret Service is under growing pressure to explain what went wrong in the hours and minutes before a gunman opened fire in an attempted assassination on former President Donald Trump...
XYRO Secures Strategic Investment and Partnership with Animoca Brands
Peter Zhang Jul 15, 2024 16:57 XYRO announces strategic investment and collaboration with Animoca Brands to enhance its gamified social trading platform. XYRO, the world's first gamified social trading platform,...
eToro joins European FS Tech Hub of I.C.E. SDA Bocconi
Online broker eToro is strengthening its presence in the Italian and European fintech ecosystem through a new collaboration with SDA Bocconi. The trading and investment platform announces today that it has joined the European FS (Financial Services) Tech Hub of Milan,...
Are AI stocks overvalued? Investors think so — but still expect tech outperformance
Retail investors still believe in the tech sector, but expect volatility in the second half of the year.
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2930; (P) 1.2960; (R1) 1.3019; More… No change in GBP/USD’s outlook and intraday bias remains on the upside. Rise from 1.2298 is in progress for 100% projection of 1.2298 to 1.2859 from 1.2612 at 1.3173, which is slightly above 1.3141 key medium...
Supra Oracles Integrates with IOTA EVM to Enhance Data Accuracy
Rongchai Wang Jul 15, 2024 16:35 Supra Oracles has launched on IOTA EVM, enhancing data accuracy and timeliness across various DLT networks, according to IOTA Foundation Blog. Supra Oracles has officially...
Banks plan record infra bonds issuances on govt capex push, ET BFSI
Indian banks are poised to raise a Rs 40,000 crore through infrastructure bonds during July and August, setting the stage for a record high for a consecutive second year.If successful, the funds accumulated through these bonds in the first five months of the current...
From Trump’s DJT to crypto plays, these stocks are climbing after failed assassination attempt on former president
Market speculation over former President Donald Trump’s re-election chances following an attempted assassination were driving up the price of bitcoin and several stocks on Monday, including a massive rally for his social-media group.
Sunset Market Commentary
Markets Some segments of the US yield curve disinverted in the wake of the Trump shooting. The presidential candidate’s odds to win the November election have increased as a result. His pro-business (for the US at least) agenda is seen as a boost to the economy as...
XTB to continue Spain CFDs business, but restrict marketing
Poland based Retail FX and CFDs broker XTB (WSE:XTB) has released an update on its plans for the Spanish market, given new strict regulations covering CFDs trading and the marketing of CFD trading products in Spain unveiled last year by Spanish financial regulator...
The time may be right for value stocks — here are Wall Street’s favorites
Investors have been looking beyond Big Tech in recent trading, signaling a possible shift to a value focus
News of the Week (July 15—19): EURGBP Outlook!
The EURGBP, representing the exchange rate between the Euro and the British Pound, is a key measure of economic interplay between the Eurozone and the United Kingdom. The Euro’s value is primarily influenced by the financial policies and performance of the Eurozone...
Banks in these states will be closed on Wednesday, July 17, ET BFSI
Banks in some states will be closed on Wednesday, July 17, 2024 on the occasion of Muharram. It is the first month of the Islamic calendar, and one of the four sacred months of the year.In India every month on the second and fourth Saturdays, all private and PSU will...
Petros Kalaitzis leaves Tools for Brokers for CSO role at prop firm FunderPro
FNG has learned that longtime FX industry executive Petros Kalaitzis has joined Malta based prop trading firm FunderPro, as the company’s new Chief Strategy Officer (CSO). Petros Kalaitzis joins FunderPro after spending the past two years with broker tech provider...
This is not a scam: Social Security needs you to update your account
A recent email from the Social Security Administration may look suspicious, but it’s real.
Modelserve: Golem Network’s New AI Inference Service
Joerg Hiller Jul 15, 2024 15:19 Golem Network introduces Modelserve, a scalable and cost-effective AI model inference service designed for developers and startups. Golem Network has unveiled Modelserve, a new...
A Clearer Shape of a Long-Term Dollar Decline
While Trump’s rise to power is widely seen as a positive for the dollar, the dollar index hit a one-month low on Monday as it continues to rebound from the Fed’s latest softening tone and inflation slowdown. The impact of Trump’s policies on the dollar is largely...
Trump assassination attempt: Wall Street CEOs react
JPMorgan Chase CEO and Chairman Jamie Dimon speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, U.S., December 6, 2023.Evelyn Hockstein | ReutersThe leaders of Wall Street's...
Goldman Sachs profit more than doubles on stronger dealmaking as bank sees more opportunity ahead
Bank approves 9% boost to quarterly dividend, to $3 per share starting in the third quarter.
Banks, financial companies among MFs’ top picks, some exit PSUs, ET BFSI
Mutual fund managers added bets on select companies across sectors such as banking, fi nancial services, and insurance (BFSI), auto & auto ancillaries, and IT in June. HDFC Bank was one of the top picks of equity schemes. Among fi nance cos, fund managers bought...
PSR, FCA seek views on benefits and risks of digital wallets
The Payments Systems Regulator (PSR) and Financial Conduct Authority (FCA) are seeking views on the benefits and risks digital wallets bring to people and businesses. With Apple Pay, Google Pay and PayPal being three of the most widely used digital wallets in the UK...
Trump to announce VP choice within hours, ex-president tells Fox News
FILE PHOTO: Republican presidential candidate and former U.S. President Donald Trump speaks during a campaign rally at the Butler Farm Show in Butler, Pennsylvania, U.S., July 13, 2024. Brendan Mcdermid | ReutersDonald Trump plans to announce his running mate on...
Bullish Pound Eyes $1.30 Ahead of UK Inflation Test
June CPI numbers the highlight of this week’s UK data flurry Could the Bank of England cut interest rates next month? Pound undeterred as it extends July gains Job stats and retail sales to follow Wednesday’s CPI report (06:00 GMT) On target Inflation in the UK peaked...
How Apple’s stock can reach $300, according to Wall Street’s new biggest bull
Analyst upgrades Apple shares, saying the company can capitalize on generative AI to spur device sales like it did with digital music and social media.
AI Model Geneformer Unlocks Gene Networks Using Limited Data
Alvin Lang Jul 15, 2024 14:38 Geneformer, an AI model developed by Broad Institute and Harvard, uses limited data to predict gene behavior and disease mechanisms, accelerating drug discovery. Geneformer, a...
Why are IT, private banks not bouncing back properly? Hemant Shah answers, ET BFSI
Hemant Shah, Fund Manager, Seven Islands, PMS, says the triggers are the numbers, the results, and the guidance going forward by the management and the US is going to play the key role in determining the future of the IT sector and it is widely owned, see it is widely...
AutoNation issues profit warning after disruptions from CDK cyberattack
AutoNation said Monday that it expects the recent cyberattack at dealership software company CDK Global to shave about $1.50 off its June quarter per-share earnings.
TradingView adds crypto data from Bitazza
To give traders more freedom in market analysis, TradingView has integrated a new exchange — Bitazza — to its platform, and it’s now delivering its crypto data directly to charts. Founded in 2018, Bitazza is a centralized digital asset platform known for its...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8927; (P) 0.8949; (R1) 0.8966; More… Intraday bias in USD/CHF is neutral for the moment, but further fall is expected with 0.9000 resistance intact. Below 0.8914 will target 0.8825 low. Break of 0.8825 will target 50% retracement of 0.8332 to...
Bitcoin (BTC) Faces Mixed Market Signals Amidst News-Driven Sentiment
Terrill Dicki Jul 15, 2024 14:16 Recent market analysis indicates Bitcoin's price rebound, despite ongoing news-driven sentiment and economic influences, according to Bitfinex Alpha. The latest issue of Bitfinex...
Trump classified documents case dismissed by judge over special counsel appointment
A federal judge in Florida on Monday dismissed the criminal classified documents case against former President Donald Trump, saying the appointment of special counsel Jack Smith as prosecutor for the case violated the appointments clause of the U.S. Constitution.Trump...
Crypto Indicators Turn Green: 3 Must-Have Groundbreaking Altcoins In Your Portfolio
ETFSwap (ETFS), ConstitutionDAO (PEOPLE), and Ether.Fi (ETHFI) are three groundbreaking DeFi utility altcoins every smart investor must have in their portfolios to profit from life-changing gains as crypto indicators pointing to a mega bull run turn green....
Why AMD’s stock finally faces an attractive setup after a volatile run
TD Cowen says AMD’s data-center business has a chance to shine as pressures ease on other segments.
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 157.03; (P) 158.24; (R1) 159.12; More… USD/JPY’s fall from 161.94 is seen as correcting the whole five-wave rally from 140.25. Deeper decline is in favor and sustained trading below 55 D EMA (now at 157.67) will affirm this bearish case. Next target...
Philip Gradwell Joins Tether as Head of Economics
Caroline Bishop Jul 15, 2024 13:16 Tether appoints Philip Gradwell, former Chief Economist at Chainalysis, as Head of Economics to enhance communication with regulators and stakeholders. Tether, the largest...
FOREX-Dollar sees safe-haven gains; sliding yen stays on intervention watch, ET BFSI
By Rae WeeSINGAPORE, - The dollar rose on safety bids on Monday in the wake of the attempted assassination of former U.S. President Donald Trump, which in turn left the yen struggling to stay afloat despite Tokyo's suspected intervention efforts.Trading was thinned in...
Japanese Yen Surges Amidst Potential Interventions :: InvestMacro
By RoboForex Analytical DepartmentThe Japanese yen showed significant strength against the US dollar late last week, with the USD/JPY pair currently stabilizing around 157.86. This marks the lowest level for the currency pair in nearly a month.The yen’s recent surge...
RBI issues directions for banks, NBFCs to cut fraud risk, BFSI News, ET BFSI
Mumbai, The Reserve Bank of India on Monday issued three revised Master Directions on fraud risk management for banks, NBFCs and housing finance companies. These Master Directions are principle-based and strengthen the role of the Board in overall governance and...
Rupee ducks weakness in Asian peers, lingers in a tight band, ET BFSI
By Jaspreet KalraMUMBAI - The Indian rupee was nearly flat on Monday, even though most of its Asian peers declined tracking weakness in the Chinese yuan and amid heightened odds of a second presidential term for Donald Trump.The rupee was at 83.5425 against the U.S....
Ascend Wellness announces one of the largest debt deals ever among cannabis companies
Ascend Wellness is using proceeds of $235 million debt offering to prepay a three-year note.
Calm Markets Await Powell’s Insights on Disinflation and Rate Cuts
Global financial markets lack clear direction today. Major European stock indexes are trading slightly lower, while US futures indicate a modestly higher open. Investors are unfazed by the assassination attempt on former US President Donald Trump, maintaining a calm...
Macy’s stock tumbles after takeover talks with Arkhouse and Brigade were ended
Macy’s stock tumbled early Monday, after the department-store chain said it terminated talks with private-equity firms Arkhouse Management Co. LP and Brigade Capital Management LP after failing to reach a compelling deal with committed financing.
Banks seek hike in foreign investor cap, BFSI News, ET BFSI
Banks have requested the Reserve Bank of India (RBI) to increase transaction limits for foreign participation in certain rate derivatives, which have seen heightened activity since JP Morgan announced the inclusion of local bonds in its Emerging Market Bond Index,...
CFI sets partnership with Abu Dhabi to sponsor events in the Emirate
Leading online trading provider CFI has announced a one-of-a-kind strategic partnership with the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi). Set to unfold throughout 2024 and 2025, the collaboration will see CFI sponsor a series of diverse events...
Macy’s ends buyout talks with Arkhouse and Brigade after months of negotiations
The Macy's company logo is seen at the Macy's store on Herald Square on January 19, 2024 in New York City. Macy's department-store chain announced that they will be laying off roughly 2,350 employees which is about 3.5% of their workforce. The company says that it...
Binance to Support Sei (SEI) Network Upgrade on July 15, 2024
Felix Pinkston Jul 15, 2024 05:36 Binance announces suspension of SEI deposits and withdrawals to support Sei network upgrade on July 15, 2024, ensuring optimal user experience. Binance, a leading cryptocurrency...
GBP/USD Outlook: Cable Holding Near 1.3000 Barrier Ahead of Powell’s Speech
Cable keeps form tone on Monday and hit new yearly high, trading just ticks under psychological 1.30 barrier. The pair advanced strongly in past two weeks and bulls may start to lose traction on facing headwinds from 1.30 resistance, as daily studies are overbought,...
New York Empire State factory gauge contracts for eighth straight month in July
Index falls slightly to negative 6.6, slightly below forecast
Indian stock market eyes first quarter results, budget, and global cues in upcoming week, ET BFSI
New Delhi [India], July 14 (ANI): As the week gone by saw Indian stock markets touching fresh all-time highs and at the same time volatile trading days, the market is likely to see stock specific moves gain traction on the back of ongoing earning season, as per the...
Gold’s Rally Stalls at 7-Week High
Gold jumped to its highest level since May 22 last week But fails to extend rally, trading flat in past couple of sessions Despite latest weakness, oscillators remain positively tilted Gold has been experiencing solid gains since late June, with the break above its...
ICE Low Sulphur Gasoil markets hit series of OI records
Intercontinental Exchange, Inc. (NYSE:ICE) today announced that its Low Sulphur Gasoil markets hit a series of open interest records through June 2024, reaching a high of 1.2 million across futures and options on July 1, 2024, equivalent to 120 million metric tons....
SolarEdge to cut 400 jobs, or about 7% of its workfoce
Company cites weak market conditions in Europe.
Trump Media shares rise after assassination attempt
Former US President and Republican presidential candidate Donald Trump speaks during a campaign rally at the Historic Greenbrier Farms in Chesapeake, Virginia, on July 28, 2024.Jim Watson | Afp | Getty ImagesTrump Media & Technology Group shares surged 50% in...
Binance Launches Crypto-Themed Word of the Day Game with Rewards
Rongchai Wang Jul 15, 2024 06:09 Binance introduces a new Word of the Day game focusing on Crypto Adoption, offering users a chance to win Binance Points and trading fee rebates. Binance has announced the launch...
Industry body to FM, BFSI News, ET BFSI
New Delhi, Industry body SME Chamber of India has urged Finance Minister Nirmala Sitharaman to continue the 45-day MSME payment rule for corporates and other buyers. According to Section 43B(h) of the Income Tax Act, introduced through the Finance Act 2023, if a...
Cleveland Cliffs stock down 6% after steel producer says it’s buying Canada’s Stelco in $2.5 billion cash-and-stock deal
Stelco ships about 2.6 million net tons of flat-rolled steel annually, primarily hot-rolled steel to service center customers.
Oil Price Update – Oil Prices Hold Firm as Chinese Demand Concerns Rise
Oil prices remain stable despite a turbulent weekend and a strong US dollar. Chinese economic data, including disappointing GDP growth and declining refinery output, raises concerns about oil demand. The focus shifts from supply concerns in the US to demand worries in...
Profit jumps 47% YoY to Rs 1,293 crore; NII rises 20%, ET BFSI
State-owned Bank of Maharashtra (BoM) reported a 46.6% increase in its net profit to Rs 1,293 crore for the June quarter. The Pune-based lender had earned a net profit of Rs 882 crore in the year-ago period.During the quarter, the bank's total income increased to Rs...
Nasdaq approves LMAX as new Core Exchange for its suite of Crypto Indexes
Nasdaq announces the approval of Zodia as a new Core Custodian and LMAX as a new Core Exchange for its suite of Crypto Indexes. These two organizations have met the respective Core Custodian and Core Exchange criteria as stated in the Nasdaq Crypto Index Methodology....
Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’
Jul 15, 2024 11:18 UTC | Updated: Jul 15, 2024 at 11:18 UTC By Clark Polkadot is known for its interoperability and innovative technology, and they’ve recently revealed a hefty $87 million investment out of their $245 million treasury. This was...
Apple’s sales increase by a third in India to $8 billion: report
Apple’s sales have reportedly surged to around $8 billion in the year ending in March compared to $6 billion a year earlier.
Binance Futures Announces Taker Program Update with Enhanced Discounts
Zach Anderson Jul 15, 2024 09:22 Binance Futures is updating its Taker Program to offer up to 20% discounts on USDT and USDC-margined contracts starting July 30, 2024. Binance Futures has announced an update to...
NZ Dollar Dips After Soft Services PMI
The New Zealand dollar has started the trading week in negative territory. NZD/USD is trading at 0.6097 in the European session, down 0.35% on the day at the time of writing. New Zealand Services PMI slips The week started on a sour note in New Zealand as the Services...
FPIs invest Rs 15,352 cr in equities in first two weeks of Jul, ET BFSI
New Delhi, Foreign investors infused Rs 15,352 crore into Indian equities during the first half of this month, driven by the government's commitment to ongoing reforms, low US Federal rates, and strong domestic demand. According to the data with the depositories,...
Decentralization Pioneers New Horizons in Cloud Computing
Iris Coleman Jul 15, 2024 10:20 Franklin Templeton Digital Asset team explores decentralization's impact on cloud services with Escape Velocity and Harvard Business School. The Franklin Templeton Digital Asset...
WPI hits 16th month high at 3.36% in June riding on costlier vegetables, ET BFSI
India’s Wholesale Inflation in June 2024 has been recorded at 3.36% opposed to 2.61% in the previous month of May, according to the government data released on Monday. The annual rate of inflation (y-o-y) based on WPI Food Index increased from 7.40% in May, 2024 to...
‘It’s a very ugly American trait’: I cried foul when basic-economy passengers grabbed premium-economy seats. The airline has finally shown me respect.
“That woman and her mother were selfish and self-interested, and believed that they were entitled to get those seats.”
ESMA: Cyprus accounts for 20% of firms providing cross-border investment services to retail clients
The European Securities and Markets Authority (ESMA) together with the National Competent Authorities (NCAs), today published findings of an analysis of the cross-border provision of investment services during 2023. The distribution of firms by home Member State is...
10 Best Large Language Models (LLMs)
Large Language Models are unique AI systems that rely on deep learning for training on large datasets to understand queries in natural language and generate new text. The best large language models in the market right now have found the path to growth with the support...
EURUSD Jumps to a Fresh 1-month High
EURUSD edges higher after break above SMAs The pair advances to its highest level since June 4 Oscillators suggest that bullish forces are strengthening EURUSD has been in a steady uptrend after the bullish breakout from its downward sloping trendline in place since...
Are you wealthy, or just rich? Here’s how to tell, according to financial advisers.
“I know folks who make seven figures a year … but are a couple of missed paychecks away from bankruptcy,” one financial adviser says.
Shares climb ahead of announcement, ET BFSI
Shares of Jio Financial Services rose nearly 2% to Rs 355 in Monday's intraday trade on BSE ahead of the company's Q1 FY25 results due later in the day.At 11:18 am, the stock was trading 0.6% higher at Rs 352.4 on the BSE. Year-to-date, the stock has surged over 50%,...
Japanese Yen Surges Amidst Potential Interventions
The Japanese yen showed significant strength against the US dollar late last week, with the USD/JPY pair currently stabilizing around 157.86. This marks the lowest level for the currency pair in nearly a month. The yen’s recent surge is attributed to widespread market...
TP ICAP’s Energy and Commodities division announces appointment of three new regional CEOs
TP ICAP’s Energy and Commodities division today announced the appointment of three new regional CEOs, covering APAC, EMEA and the Americas. Reporting to Andrew Polydor, the division’s global CEO, the appointments are: David Silbert, CEO, Americas Joachim Emanuelsson,...
Record-Breaking Inflows Highlight Digital Asset Fund Trends
Felix Pinkston Jul 15, 2024 09:52 Digital asset investment products witnessed the 5th largest weekly inflows on record, reaching $1.44 billion, according to CoinShares. Digital asset investment products have...
MSME data stack, alternative credit assessment models can bridge $530 bn credit gap, says industry, ET BFSI
MSMEs face a credit gap of $530 billion, and only 14% of the 63 million small businesses in India have access to credit, according to a report by investment bank Avendus Capital. This issue needs to be addressed especially as MSMEs are considered a major plank of...
‘I want to get control of her money’: My brother left my sister and me $3 million, but she is in hospital with schizophrenia. Will this inheritance be the worst thing for her?
“At the moment, we are both in Florida, but the inheritance is in a California probate court.”
How regulators are using banks to illuminate shadow banks, ET BFSI
By Paritosh Bansal- The Federal Reserve has proposed new rules that would allow it to gather granular details about banks' exposure to shadow banks, a move that shows how regulators are trying to understand the risks there and the limits of that approach.Shadow banks,...
Copper (HG_F) Elliott Wave : Buying the Dips at the Equal Legs Zone
In this technical article we’re going to take a quick look at the Elliott Wave charts of Copper (HG_F) commodity , published in members area of the website. As our members know, Copper has recently given us correction against the October 2023 low. The commodity...
Banks to drive earnings growth as Nifty firms enter slow lane in Q1, ET BFSI
The net profit growth of Nifty 50 companies is expected to decelerate in the June quarter, as the advantage of lower commodity prices observed in recent quarters has diminished and demand improvements remain sluggish.Estimates indicate that the cumulative net profit...
There’s something about this house: Cameron Diaz and Benji Madden are asking $17.8 million for their lush Beverly Hills estate
The forested farmhouse compound in Benedict Canyon is a slice of paradise, with an entire wing devoted to the primary suite.
Exclusive: Prop firm Funded Engineer closes, files for bankruptcy
FNG Exclusive… Prop trading firm Funded Engineer has permanently closed. FNG has learned that the Dubai based prop trading firm’s website has been taken down, replaced with an “Announcement of Ceasing Operations” notice (see full text below), stating that the firm was...
Bank of England’s Dhingra says rates should come down now, BFSI News, ET BFSI
LONDON, - Bank of England interest rate-setter Swati Dhingra said inflation in Britain was unlikely to rise sharply again and the central bank should bring down borrowing costs."Now is the time to start normalising (interest rates) so we can then finally stop...
Eurozone industrial productions falls -0.6% mom in May, EU down -0.8% mom
Eurozone industrial production fell -0.6% mom in May, better than expectation of -1.0% mom. Production decreased by -1.0% for intermediate goods, 1.2% for capital goods, and 1.8% for durable consumer goods. Production increased by 0.8% for energy, and 1.6% for...
Goldman Sachs names Sudarshan Ramakrishnan, Devarajan Nambakam as Co-Heads of investment banking in India, ET BFSI
Goldman Sachs, on Monday announced the appointment of Sudarshan Ramakrishnan and Devarajan Nambakam as co-heads of Investment Banking in India. This move is aimed at enhancing the firm's investment banking strategy and expanding client relationships across various...
Dow futures edge higher after Trump assassination attempt
U.S. stock-index futures saw a modest rise Sunday night, as financial markets reacted to an apparent assassination attempt on former President Donald Trump a day earlier at campaign rally.
Binance Futures to Consolidate COIN-Margined WebSocket Domains
Peter Zhang Jul 15, 2024 08:50 Binance Futures announces consolidation of COIN-Margined WebSocket domains starting July 29, 2024, urging API users to update connections. Binance Futures has announced the...
Risk factors that are often overlooked in IPO papers, BFSI News, ET BFSI
With stock markets hovering around record high levels, the IPO season is ruling strong. For an investor, the red herring prospectus provides comprehensive information to assess the risk of investing in an IPO-bound company. Here are the key governance risk factors...
The Essentials of Backup Appliances and Their Advantages
The Essentials of Backup Appliances and Their Advantages - Small Business Bonfire Home » Technology » The Essentials of Backup Appliances and Their...
World leaders condemn assassination attempt on Trump: ‘Tragedy for democracy’
Republican candidate Donald Trump is seen with blood on his face surrounded by secret service agents as he is taken off the stage at a campaign event at Butler Farm Show Inc. in Butler, Pennsylvania, July 13, 2024. Rebecca Droke | Afp | Getty ImagesWorld leaders have...
Banks seek hike in foreign investor cap, BFSI News, ET BFSI
Banks have requested the Reserve Bank of India (RBI) to increase transaction limits for foreign participation in certain rate derivatives, which have seen heightened activity since JP Morgan announced the inclusion of local bonds in its Emerging Market Bond Index,...
Equiti Capital sees 2% rise in 2023 Revenues to $31 million
Equiti Capital UK Limited, the FCA regulated institutional/B2B arm of UAE based global FX and CFDs brokerage Equiti Group, continued on its growth path in 2023, posting a 2% increase in Revenue, although the company saw a slight decline in profitability. Revenues for...
Bitcoin Once Again Above $60k
Analysing the long-term BTC/USD chart from 16th May, we constructed a “roadmap” for Bitcoin’s price, resembling an expanding fan consisting of a median and support levels below it, and resistance levels above it. Reviewing the BTC/USD chart last time (9 thJuly), we...
Ransomware Explained: How It Operates and Prevention Methods
Ransomware Explained: How It Operates and Prevention Methods - Small Business Bonfire Home » Technology » Ransomware Explained: How It Operates and Prevention...
Families will spend as much on back-to-school shopping this year as they do on holiday shopping. ‘That hurts.’
Ten percent of shoppers said they’ll likely go into debt to pay for school supplies this year.
Binance to Adjust Tick Size for Certain Spot Trading Pairs by July 22, 2024
Iris Coleman Jul 15, 2024 06:38 Binance announces adjustments to tick size for specific spot trading pairs, aiming to enhance liquidity and trading experience by July 22, 2024. Binance, a leading cryptocurrency...
NBFC sector seeks more funds to improve liquidity, regulatory reforms from Budget, ET BFSI
New Delhi [India], July 14 (ANI): Ahead of the upcoming Union Budget scheduled to be presented on July 23, the Non-Banking Financial Company (NBFC) sector is expecting enhanced financial inclusion and reinforcing digitalization efforts to sustain the sector's...
SBI Research report, ET BFSI
Retail inflation, or the Consumer Price Index (CPI) in India, is expected to remain below or close to 5.0 percent in the remaining months of 2024-25, except for September, according to SBI Research.India's retail inflation rate increased in June, deviating from the...
Anarock suggests Centre to focus on affordable housing segment this Budget, ET BFSI
Mumbai (Maharashtra) [India], July 14 (ANI): With the Union Budget for 2024-25 set to be tabled on July 23, the real estate sector is pinning renewed hope on the Modi 3.0 regime. Expectations are high for tax reliefs and other sentiment boosters.The future of the...
Bitcoin higher alongside the prospects of a second Trump presidency
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
FX option expiries for 15 July 10am New York cut
There are a couple to take note of, as highlighted in bold.The first ones are for EUR/USD, centered closely in and around the 1.0900 mark. The ones at the figure level are quite huge in size, so they could act as a magnet on price action for the session ahead. That at...
Burberry shares sink as CEO exits amid profit warning and dividend suspension
Burberry shares sank on Monday after the U.K. luxury fashion group said it’s chief executive officer will be replaced, following a profit warning and suspension of its 2025 dividend.
Goldman Sachs (GS) earnings 2Q 2024
David Solomon, Goldman Sachs interview with David Faber, September 7, 2023.CNBCGoldman Sachs is scheduled to report second-quarter earnings before the opening bell Monday.Here's what Wall Street expects:Earnings: $8.34 per share, according to LSEGRevenue: $12.46...
Weaker China GDP Dampens Sentiment; ECB and Global Inflation Data Highlight the Week
Asian markets began the week with a cautious tone, as weaker-than-expected GDP growth from China dampened investor sentiment, even though the selloff in stocks has been limited. Today’s set of data, coupled with recent weak PMI readings, points to broader deceleration...
BNB Chain Hack Losses Plummet by 87% YoY in Q2 2024
Lawrence Jengar Jul 15, 2024 07:05 BNB Chain's security measures yield an 87% YoY reduction in hack losses for Q2 2024, according to Salus Security's report. BNB Chain’s security landscape has shown significant...
Interactive Brokers adds new MultiSort and Standard Screener with Wide Mode support in Client Portal
Electronic trading major Interactive Brokers continues to enhance the capabilities of its Client Portal. Clients of the broker can now access the new Market Screener from the Research menu. Click the Filter icon to select from the MultiSort Screener or Standard...
Google parent Alphabet may buy cloud-security startup Wiz in $23 billion deal: report
Google parent Alphabet Inc. is poised to make its largest acquisition ever, the Wall Street Journal reported Sunday, with a roughly $23 billion deal to buy cybersecurity startup Wiz.
Photos of bloodied Trump after rally shooting are already iconic — and selling on T-shirts
There’s speculation the Trump campaign may also try to capitalize on the imagery: “That picture is going to be one for the century.”
Postage rates increase to 73 cents today. Here’s why snail-mail loyalists don’t care.
This marks the second rate hike the U.S. Postal Service has instituted this year alone.
Google in talks for $23 billion deal with Wiz: WSJ
Sundar Pichai, CEO of Alphabet Inc., during Stanford's 2024 Business, Government, and Society forum in Stanford, California, April 3, 2024.Justin Sullivan | Getty ImagesGoogle is in advanced talks to acquire cybersecurity firm Wiz for $23 billion, The Wall Street...
For stock market, Trump rally shooting pits election odds vs haven demand
A dark day in U.S. history will offer a test for financial market participants as they react to an apparent assassination attempt on former President Donald Trump.
High stakes for investors as Fed tries curing inflation without causing a recession
The seemingly impossible task facing the Federal Reserve and Chairman Jerome Powell is to achieve a decisive victory against inflation, without pushing the world’s largest economy into a recession or, at least, a deep and prolonged one.
Is Netflix’s next big rival YouTube?
Netflix Inc. reports second-quarter results on Thursday, as a bigger portion of Wall Street concludes that it has essentially won the streaming wars.
Gala Film Unveils ‘Film Boosts’ with $FILM Token to Enhance Fan Engagement
Caroline Bishop Jul 14, 2024 01:28 Gala Film introduces 'Film Boosts' with the $FILM token, enabling fans to support and promote their favorite films while unlocking exclusive rewards. Gala Film is set to...
Trump shooting live updates: Two still in critical condition; campaigns on high alert
Two people who were shot during the attempted assassination of former President Donald Trump are still in critical condition.
Understanding Wormhole Guardians: The Backbone of Cross-Chain Interoperability
James Ding Jul 14, 2024 01:53 Explore the role of Guardians in Wormhole's cross-chain interoperability, ensuring secure and reliable blockchain transactions. Wormhole, a leading interoperability platform,...
Trump megadonors, VP hopefuls headline Republican National Convention
Former US President and Republican presidential candidate Donald Trump speaks during a rally in Doral, Florida, on July 9, 2024.Giorgio Viera | Afp | Getty ImagesThe Trump campaign and the Republican National Convention on Saturday jointly announced the speaker lineup...
Hong Kong Deposit Protection Board Releases Annual Report 2023-2024
Tony Kim Jul 14, 2024 02:13 The Hong Kong Deposit Protection Board has published its Annual Report for 2023-2024, highlighting key achievements and future enhancement measures. The Hong Kong Deposit Protection...
Speculator bets led by Soybean Oil & Coffee :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday July 9th and shows a quick view of how large traders...
Post office savings account vs SBI, HDFC Bank, ICICI Bank, PNB, Union Bank, IDFC FIRST Bank, ET BFSI
The Post Office Savings Account (SB) functions similarly to any other retail bank savings account. The minimum deposit is Rs 500, while the minimum withdrawal amount is only Rs 50. There is no maximum investment amount, and a tax exemption of up to Rs10,000.The post...
Llama-3 Fine-Tuning Achieves 90% of GPT-4’s Performance at Lower Cost
Luisa Crawford Jul 14, 2024 02:46 Llama-3 fine-tuning demonstrates significant performance gains, achieving 90% of GPT-4's accuracy at a fraction of the cost, according to together.ai. The success of Llama-3 has...
Trump injured after shots fired at rally; one attendee killed, shooter also dead
This is a developing story. Refresh for live updates.Former President Donald Trump was rushed off stage by the Secret Service at a Pennsylvania rally on Saturday after shots were fired, and taken to a local medical facility where he is receiving care. His spokesman...
Speculator bets led by Russell 2000 & MSCI EAFE :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday July 9th and shows a quick view of how large traders...
RBI makes adverse remarks against top PSU Bank Exec, BFSI News, ET BFSI
In a rare instance, the Reserve Bank of India (RBI) has made certain adverse observations regarding the conduct of a senior executive chosen to head a state-owned bank.The banking regulator has made certain remarks in a letter on the conduct of Asheesh Pandey,...
Crypto Enthusiasts Still Believe in Bull Run, Survey Shows
Felix Pinkston Jul 14, 2024 03:01 A survey by CoinGecko reveals that the majority of crypto participants believe the bull run is not over, with significant optimism among investors. A recent survey conducted by...
Elon Musk, Bill Ackman say they are endorsing Trump for president
Hedge-fund manager Bill Ackman and Tesla CEO Elon Musk have said they would support the re-election campaign of former President Donald Trump’s.
Speculator bets led by SOFR 3-Months & Fed Funds :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday July 9th and shows a quick view of how large traders...
Biden condemns violence in remarks
President Joe Biden delivered remarks on Saturday evening after former President Donald Trump was injured and rushed offstage when gunshots were fired at his political rally."There's no place in America for this kind of violence," Biden said in Rehoboth Beach,...
Bank credit growth outpaces deposits again, albeit at a sluggish pace, ET BFSI
Bank credit rose 14% on-year as of June 28, outpacing deposit growth at 11%, putting the spotlight yet again on central bank's concerns over the gap that could lead to asset-liability mismatches.Latest Reserve Bank of India (RBI) data showed the growth in deposits and...
Bitfarms (BITF) Schedules Special Shareholder Meeting Amid Riot Platforms Dispute
Jessie A Ellis Jul 14, 2024 03:40 Bitfarms Ltd. has scheduled a special shareholder meeting for October 29, 2024, in response to a requisition by Riot Platforms. Shareholders of record as of September 26 are eligible to vote. ...
Speculator bets led by Gold, Copper & Silver :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday July 9th and shows a quick view of how large traders...
RIL, Paytm, Infosys, Jio Financial, Kotak Mahindra Bank, and YES Bank, ET BFSI
Several widely tracked companies, including Jio Financial, Paytm, Bajaj Auto, Bajaj Auto, Asian Paints, LTIMindtree, Infosys, Reliance Industries, Wipro, Union Bank of India, Kotak Mahindra Bank, Tanla Platform, Tata Technologies and YES Bank, will be releasing their...
Photos show Trump with blood on his face on stage at rally
Republican presidential candidate former President Donald Trump is surrounded by U.S. Secret Service agents at a campaign rally, Saturday, July 13, 2024, in Butler, Pa.Evan Vucci | APEDITORS NOTE: GRAPHIC CONTENT: Images depict gunshot wounds and an image of the body...
Gold as an Investment: Detailed Analysis and Price Forecasts for 2025-2050
Since ancient times, gold has remained a crucial element of global economies. Its unique properties have made it not only valuable as jewellery but also a reliable means of preserving wealth. Today, this metal constitutes a significant part of both investor portfolios...
FX week in review: LCG closing, NAGA’s new strategy, SparkMarkets and BullRush launch, Limassol office shot at
Before we get to this week’s top stories, we’re pleased to share LinkedIn Analytics’ own June Competitors data showing that – once again! – FNG articles dominated social media, as well as Search and Total Visitors… With other “FX industry news” sites basically copying...
Bitcoin surges and reclaims $60,000 level after shooting attack on Trump
Bitcoin, which trades around the clock, surged after former President Donald Trump was shot, potentially a reaction both to the perceived increased likelihood the Republican will win as well as to a more unstable political environment.
Outsourcing Agentic Infrastructure: A Strategic Approach to Cognitive Architecture
Rebeca Moen Jul 14, 2024 04:18 Discover the importance of outsourcing agentic infrastructure while owning cognitive architecture for efficient and reliable agent applications. In the evolving landscape of...
Trading activity to hinge on Q1 results, global trends in holiday-shortened week: Analysts, ET BFSI
New Delhi, As the results season kicks in, the quarterly earnings numbers of several blue-chip firms -- such as Infosys and Reliance Industries -- along with global trends and trading activity of foreign investors, will determine equity market movement in the...
Trump victory trades to swell after shooting, investors say
Saturday's shooting at U.S. former President Donald Trump's election rally raises his odds of winning back the White House, and trades betting on his victory will increase this coming week, investors said on Sunday. Trump was shot in the ear during the rally in...
Currency Speculators boost their British Pound bets to highest since 2007 :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday July 9th and shows a quick view of how large market...
Exploring New Revenue Streams with Blockchain Payment Use Cases
Terrill Dicki Jul 14, 2024 04:56 Discover how blockchain technology is revolutionizing the payments sector, offering new revenue streams and efficiency gains for businesses. Blockchain technology is making...
FPIs invest Rs 15,352 cr in equities in first two weeks of Jul, ET BFSI
New Delhi, Foreign investors infused Rs 15,352 crore into Indian equities during the first half of this month, driven by the government's commitment to ongoing reforms, low US Federal rates, and strong domestic demand. According to the data with the depositories,...
Elon Musk endorses Trump after shots were fired at former president
Elon Musk, chief executive officer of SpaceX and Tesla and owner of X, speaks at the Milken Conference 2024 in Beverly Hills, California, May 6, 2024.David Swanson | ReutersElon Musk posted on X that he "fully" endorses Donald Trump moments after the former president...
Rally shooter ID’ed as Thomas Matthew Crooks
World leaders respond to Trump assassination attempt British Prime Minister Keir Starmer speaks to media at the Stormont Parliament Buildings, in Belfast, Northern Ireland, July 8, 2024. Clodagh Kilcoyne | ReutersLeaders around the world reacted on social media...
Building Real-Time Language Translation with AssemblyAI and DeepL in JavaScript
Ted Hisokawa Jul 14, 2024 05:20 Learn how to create a real-time language translation service using AssemblyAI and DeepL in JavaScript. Step-by-step guide for developers. In a comprehensive tutorial, AssemblyAI...
Australian Dollar, Brazil Real top Bullish & Bearish Positions :: InvestMacro
By InvestMacroThe latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on July 9th 2024.This weekly Extreme Positions report highlights the Most Bullish and Most...
Profit jumps 25% to record, fuelled by investment banking, ET BFSI
JPMorgan Chase's profit rose 25% in the second quarter, buoyed by rising investment banking fees and an $8 billion accounting gain from a share exchange deal with Visa.The lender beat estimates for second-quarter profit on Friday as a resurgence in dealmaking and...
Hong Kong’s Resilience as a Top Asset and Wealth Management Hub: SFC Survey 2023
James Ding Jul 13, 2024 15:47 The SFC survey highlights Hong Kong's enduring position as a leading international asset and wealth management hub in 2023. Hong Kong continues to solidify its status as a premier...
Profit beats on surge in investment banking, services strength; but shares fall 3%, ET BFSI
Citigroup beat Wall Street expectations for second-quarter profit on Friday, boosted by a 60% jump in investment banking revenue and gains in its services division, but shares fell 2.9% amid investor worries about expenses and market share.The third largest U.S....
NVIDIA Grace CPU Enhances Mathematical Optimization Efficiency and Performance
Rongchai Wang Jul 13, 2024 17:50 NVIDIA Grace CPU shows significant improvements in mathematical optimization performance and energy efficiency, outperforming AMD EPYC servers. In a recent development, NVIDIA's...
Bernie Sanders urges Dems to ‘stop the bickering’ and back Biden
Sen. Bernie Sanders urged Democrats to "stop the bickering" and support President Joe Biden, admonishing those who have been spurred by fears about the incumbent's health to call for a new nominee to compete against former President Donald Trump."Enough!" Sanders, an...
Govt may tweak laws to push banking sector reforms in Budget session, ET BFSI
The government is likely to introduce amendments to Banking Regulation Act 1949 and other laws to push banking sector reforms during the upcoming Budget session. Apart from this, amendments in the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970,...
SEC Drops Stablecoin Probe, Marking a Win for Paxos and the Crypto Industry
Felix Pinkston Jul 13, 2024 17:15 In a significant move, the SEC has ended its investigation into Paxos' BUSD stablecoin, signaling a potential shift in regulatory stance toward the crypto industry. In a notable...
For these people, turning 65 means falling off the ‘Medicare cliff’
Losing Medicaid coverage leaves some older adults facing higher medical costs.
Axis Bank services to be affected this Saturday, Sunday due to Citibank migration; full list of services you can, cannot use, ET BFSI
Axis Bank informed its customers via email and SMS that their banking services might be interrupted on the internet banking and mobile banking platforms as they are in the last stages of the transition of Citi's consumer business in India to Axis Bank.Citibank credit...
Sui Gas Pool Enhances Transaction Sponsorship for Developers
Joerg Hiller Jul 13, 2024 16:58 The Sui Gas Pool service allows developers to efficiently sponsor gas payments for transactions at scale, streamlining user onboarding and handling high concurrency needs. The Sui...
Whatever the inflation reports say, the Fed has no business lowering rates now
Fed policymakers appear to have lost touch with economic reality.
Summary 7/15 – 7/19
Monday, Jul 15, 2024 Tuesday, Jul 16, 2024 Wednesday, Jul 17, 2024 Thursday, Jul 18, 2024 Friday, Jul 19, 2024 The post Summary 7/15 – 7/19 appeared first on Action Forex.
NABARD set to introduce Rs 750 crore agri fund for startups, rural enterprises, ET BFSI
The National Bank for Agriculture and Rural Development (NABARD) is all set to introduce a Rs 750 crore ‘Agri-SURE’ fund, an agri fund for start-ups and rural enterprises.The fund is being launched by NABVENTURES, a subsidiary of NABARD with an initial corpus of Rs750...
Nvidia’s stock is soaring largely thanks to Microsoft, Alphabet and tech’s other AI giants. That won’t last.
Companies are spending big to develop their own AI chips so they don’t have to keep paying Nvidia.
LangChain Reveals New Features and Upcoming Events in Latest Update
Zach Anderson Jul 13, 2024 16:26 LangChain announces updates for LangGraph Cloud, LangSmith, and LangGraph documentation, along with upcoming events and hackathons. LangChain, a leading platform in the AI...
June Inflation Report and BOS Survey Set the Stage for BoC’s Next Rate Cut
The Bank of Canada’s quarterly Business Outlook Survey (BOS) and June’s inflation data will be the last major data releases before the BoC’s next interest rate announcement on July 24. We expect a slowdown in inflation after an upside surprise in May and for the BOS...
Serena Williams once tried to deposit a $1 million check at her bank’s drive-through. Here’s why you can’t do that.
Large deposits do not go unnoticed by financial institutions — and for good reason, experts note.
These 7 banks have revised loan interest rates in July, ET BFSI
The proportional risk factor of each consumer is taken into account while determining loan interest rates. In the past, banks took a while to adjust their lending rates for borrowers when the RBI lowered the repo rate. Under the marginal cost-based lending rates...
It’s time for Gen X–ers nearing 60 to give their retirement plans a reality check
The oldest members of Generation X are hitting a key retirement milestone, but they may be on a “collision course.”
EUR/CHF Weekly Outlook – Action Forex
EUR/CHF’s late breach of 0.9754 resistance last week suggests that rise from 0.9476 is resuming. Initial bias is back on the upside this week. Further rally would be seen to retest 0.9928 high. On the downside, however, break of 0.9677 will turn bias to the downside...
GitHub Reports Two Incidents in June 2024 Affecting Service Performance
Felix Pinkston Jul 13, 2024 15:30 GitHub's June 2024 report details two incidents causing degraded performance, impacting Issues and Migration services. GitHub has released its June 2024 availability report,...
India’s forex reserves hit an all-time high of $657.16 bn, BFSI News, ET BFSI
India’s forex reserves jumped by $5.16 billion to hit an all-time high of $657.16 billion as of July 5, data shared by the Reserve Bank of India showed on Friday.Previously, forex reserves dipped by $1.71 billion to $652 billion for the week ending on June...
Social Security’s 2025 COLA is forecast to be lower than in 2024
The Social Security cost-of-living adjustment for 2025 might be lower than this year’s 3.2% increase as inflation moderates.
EUR/AUD Weekly Outlook – Action Forex
EUR/AUD’s consolidation from 1.5996 continued last week and outlook is unchanged. Initial bias stays neutral this week first. While another recovery cannot be ruled out, further decline is expected as long as 1.6211 resistance holds. Break of 1.5996 will resume larger...
NVIDIA NeMo Enhances Customization of Large Language Models for Enterprises
Enterprises adopting large language models (LLMs) for specific applications can significantly benefit from model customization, according to NVIDIA Technical Blog. Tailoring LLMs to meet domain-specific needs and deploying them...
HDFC Bank has this ‘UPI transactions and Fastag’ message for its customers, ET BFSI
HDFC Bank customers, attention! If you are experiencing temporary disruptions to online banking services, fret not! The bank has scheduled a system upgrade for Saturday, July 13, which has temporarily impacted several services, including UPI transactions and Fastag...
Dollar Plummets as Markets Brace for Double or Even Triple Fed Rate Cuts This Year
Dollar weakened broadly last weeks market expectations on Fed’s policy path shifted dramatically. The June US CPI report continued the narrative painted by the previous week’s Non-Farm Payroll data, both suggesting further cooling in economic activity and easing price...
Social Security depends on immigrants — especially those in the U.S. unlawfully
How immigrants subsidize Social Security for the rest of us.
a $43 million Veterans Affairs simulation hospital
An operating room at SimVETCourtesy: SimVETInside a sprawling $43 million Veterans Affairs facility equipped with operating rooms, intensive care units and an outpatient clinic, there are no patients. At least not any real ones. The 53,000-square-foot building sits...
NVIDIA Unveils Microservices to Enhance Generative AI with NIM
In the rapidly evolving world of artificial intelligence, generative AI is captivating imaginations and transforming industries. Behind the scenes, an unsung hero is making it all possible: microservices architecture, according to NVIDIA...
EUR/GBP Weekly Outlook – Action Forex
EUR/GBP’s late break of 0.8396 support suggests that larger down trend is resuming. Initial bias remains on the downside this week. Next near term target is 61.8% projection of 0.8619 to 0.8396 from 0.8498 at 0.8360. Firm break there could prompt downside acceleration...
People who do these two things at work are nearly 60% more likely to live longer
A 13-year study of more than 10,000 middle-aged U.S. adults found that these habits were associated with longer life
Budget history telling traders to not chase prices higher this week: Anand James, ET BFSI
The pre-Budget rally that has seen Sensex and Nifty touch unclaimed peaks this week may not sustain in the run-up to the D-Day, according to historical market trends ahead of the Budget.“If history were to repeat, we should see a dip prior to the Budget announcement....
EOS Network Foundation Updates Community on Spring 1.0 Progress
Yves La Rose, the Executive Director and Founder of the EOS Network Foundation (ENF), recently provided an update on the development of Spring 1.0, according to eosnetwork.com. La Rose is known for his dedication and leadership within the...
Time is running out for boomers behind in their retirement savings — but here’s what you can still do
Don’t give up just yet, advisers say: “The next few years are so crucial to get right.”
GBP/JPY Weekly Outlook – Action Forex
GBP/JPY retreated sharply after edging higher to 208.09 last week. Considering bearish divergence condition in 4H MACD, a short term top should be in place. Deeper pullback could be seen through 203.82 temporary low. But downside should be contained by 38.2%...
These 7 banks have revised loan interest rates in July, ET BFSI
The proportional risk factor of each consumer is taken into account while determining loan interest rates. In the past, banks took a while to adjust their lending rates for borrowers when the RBI lowered the repo rate. Under the marginal cost-based lending rates...
Berkshire Hathaway shares close at record high in latest triumph for value stocks
Berkshire Hathaway shares reclaim record territory on Friday for the first time in months, boosted by investors’ growing appetite for value stocks.
Amazon sellers get dinged after Target discount snafu
An Amazon driver delivers packages in Washington, D.C., on Aug. 27, 2023.Tom Williams | Cq-roll Call, Inc. | Getty ImagesWhen Brandon Fishman ran a discount on his vitamin-infused coffee for Target's weeklong deals event, he wasn't worried about how it would affect...
USD/CAD Weekly Outlook – Action Forex
USD/CAD edged lower to 1.3588 last week but recovered after hitting 1.3589 support. Initial bias remains neutral this week first. On the downside, firm break of 1.3589 will extend the corrective pattern from 1.3845 and target 100% projection of 1.3845 to 1.3589 from...
Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’
Jul 13, 2024 12:46 UTC | Updated: Jul 13, 2024 at 12:46 UTC By Clark In the upcoming most anticipated launches of Ethereum ETF, Solana ETF, and Shiba Inu ETF, RCO Finance (RCOF) is expected to surge by 3000%. The introduction of these financial...
Manta Network (MANTA) Collaborates with BONK for Meme-ta Season
The largest meme community, BONK, and the leading Modular Layer 2 platform, Manta Network, have announced a strategic partnership to kickstart the Meme-ta season on Manta Pacific. This collaboration aims to build and expand an...
These popular TikToks correctly picked winning stocks. Here’s why it’s not that impressive.
The majority of stocks picked in 2023’s most popular stock picking TikToks ended up profitable.
Balloons to hoist tourists 100,000 feet into the stratosphere
Commercial space flight is becoming more and more common, with companies including SpaceX, Blue Origin and Virgin Galactic all transporting paid customers into space over the last several years.People interested in seeing the earth from an unusual vantage point may...
Quant Mutual Fund clarifies CFO resigned in February before Sebi’s raid, ET BFSI
Quant Mutual Fund, which has been under Sebi’s investigation in a suspected front-running case, has informed investors that its Chief Financial Officer (CFO) Harshal Patel resigned in February before the market regulator’s raid last month.“Shashi Kataria has been...
AUD/USD Weekly Report – Action Forex
AUD/USD’s rally from 0.6361 continued last week and outlook is unchanged. Initial bias stays on the upside this week for 61.8% projection of 0.6361 to 0.6713 from 0.6619 at 0.6837. Decisive break there could prompt upside acceleration through 0.6870 resistance to 100%...
Small-cap stocks get some revenge after Big Tech rally pauses. How long can they keep it up?
Investors this week dumped megacap technology stocks and turned to roughed-up corners of the market. What do investors need to know before piling into small caps?
GBP/USD Weekly Outlook – Action Forex
GBP/USD’s strong break of 1.2859 resistance last week confirmed resumption of rally from 1.2298. Initial bias stays on the upside this week. Next target is 100% projection of 1.2298 to 1.2859 from 1.2612 at 1.3173, which is slightly above 1.3141 key medium term...
Anthropic’s Claude 3 Haiku Now Fine-Tunable in Amazon Bedrock
Anthropic has announced that customers can now fine-tune Claude 3 Haiku, the company's fastest and most cost-effective model, within Amazon Bedrock. This new capability allows businesses to customize the model’s knowledge and...
NABARD set to introduce Rs 750 crore agri fund for startups, rural enterprises, ET BFSI
The National Bank for Agriculture and Rural Development (NABARD) is all set to introduce a Rs 750 crore ‘Agri-SURE’ fund, an agri fund for start-ups and rural enterprises.The fund is being launched by NABVENTURES, a subsidiary of NABARD with an initial corpus of Rs750...
Stock market’s long-awaited Great Rotation needs to overcome this nagging worry
Bulls hope they just witnessed the start of a major rotation away from a narrow band of Big Tech winners to unloved parts of the market. But will the consumer play along?
USD/JPY Weekly Outlook – Action Forex
USD/JPY’s sharp decline last week confirmed short term topping at 161.94. Considering bearish divergence condition in D MACD, fall from 161.94 is likely corrective whole five-wave rally from 140.25. Risk will stay on the downside as long as 160.25 support turned...
Why you’ll want to stay bullish on stocks — even at these heights
S&P 500 fundamentals point to continuing gains.
Is chasing momentum stocks a good bet at market peaks?, BFSI News, ET BFSI
Amid a runaway stock market, momentum has outrun almost everything else. Over the past five years, the Nifty200 Momentum 30 index has clocked 25.7%, compared to 17.4% by the Nifty 200 index. The underlying strategy of chasing recent winners has worked like a charm,...
SingularityNET (AGIX) and Filecoin Foundation Partner to Advance AI Through DePIN Integration
Collaboration OverviewIn a groundbreaking agreement, SingularityNET (AGIX), the AI platform developer based in Zug, Switzerland, and the Filecoin Foundation have announced a strategic collaboration. This partnership aims to enhance AI...
Building a Flexible Blockchain Payments Solution: Key Considerations
As organizations increasingly identify business and revenue opportunities in blockchain technology, the need to implement efficient and flexible blockchain payments solutions becomes paramount. According to Fireblocks, integrating...
BofA predicts boost to capex, modest populism, intact deficit target, ET BFSI
FY25 budget announcement is scheduled on 23rd July 2024. Key debate is on government's allocation for USD 16.2 billion of excess dividend receipts from the RBI & CPSEs. About USD 6.6 billion allocations is expected to stimulate state capex, USD 9.6 billion towards...
I’m 55, divorced and make $500K. I want to buy a house in Seattle, but don’t have a 20% down payment. What are my options?
“I have $1.5 million in retirement accounts, but just $160,000 in savings. I currently pay $4,000 in rent.”
EUR/USD Weekly Outlook – Action Forex
EUR/USD’s rally continued last week and hit as high as 1.0910. Initial bias stays on the upside this week. Firm break of 1.0915 will resume howl rise from 1.0601 to 100% projection of 1.0601 to 1.0915 from 1.0665 at 1.0979. On the downside, below 1.0859 minor support...
Shriram Finance Offers Fixed Deposit Plans Tailored for Senior Citizens, ET BFSI
NewsVoirMumbai (Maharashtra) [India], July 13: Shriram Finance, a leading name in the financial services sector, is now offering fixed deposit plans designed to meet the financial needs of senior citizens. This initiative comes at a pivotal time when the financial...
‘Their relationship was solid’: My friend died, leaving his $500,000 life insurance to his sister. Before he died, his wife had asked him to leave it to his son. What now?
“Their relationship was solid without any drama or suspicion.”
USD/CHF Weekly Outlook – Action Forex
USD/CHF’s fall from 0.9049 continued last week despite interim recovery. As noted before, rebound from 8825 should have completed after rejection by channel resistance. Deeper decline is expected as long as 0.9000 resistance holds, to 0.8825 low. Break of 0.8825 will...
Binance Completes Polkadot (DOT) Integration on Asset Hub, Enables Deposits and Withdrawals
Binance, a leading cryptocurrency exchange, has announced the successful integration of Polkadot (DOT) on its Asset Hub platform. This development, as reported by Binance, opens the doors for deposits and withdrawals of DOT tokens....
India’s financial sector gears up for transparency with RBI’s draft guidelines, ET BFSI
The Reserve Bank of India (RBI), in February, took a significant step towards integrating climate risk considerations into the country's financial landscape by releasing its draft guidelines on the Disclosure Framework on Climate-related Financial Risks. This move is...
Salesforce and other software stocks are expected to bounce back in a big way
This year’s rally for technology stocks hasn’t been broad-based. Analysts see opportunities among some of the software companies that have been left behind.
EUR/JPY Weekly Outlook – Action Forex
EUR/JPY fell sharply after edging higher to 175.41 last week. Considering bearish divergence condition in 4H MACD, a short term top should be in place. Deeper correction cannot be ruled out. But for now, downside should be contained by 170.87 and bring rebound, to set...
Union Bank of India is investing in becoming a next-generation digital bank, says ED Nitesh Ranjan, ET BFSI
Union Bank of India (UBI) is ramping up its tech infrastructure to become a next generation digital bank as it strives to stay competitive and relevant in the digital-first era, with the bank investing Rs 1,000 crore as a first step to drive this transformation, UBI...
Biden drop out urged by climate change group
Sunrise Movement protesters gather near Vice President Kamala Harris' Brentwood home calling on her to urge President Joe Biden to declare a climate emergency. Simon Aron, left, and Josiah Edwards, center, lead a chant.Robert Gauthier | Los Angeles Times | Getty...
5 things investors learned from JPMorgan Chase’s earnings
Despite record levels for stock prices and rising bullishness on Wall Street, JPMorgan Chase didn’t stray from its more conservative outlook on the risk to the economy from inflation, geopolitical upheaval and other potential pitfalls.
Weekly Economic & Financial Commentary: Balanced Risks Drive the FOMC Closer to a September Rate Cut
Summary United States: Fed’s Challenge: Making Sure Fire Is Out vs. Water Damage We learned this week that CPI declined in June and core prices rose at the slowest clip since early 2021. With the inflation target in sight, Fed policymakers are taking stock of...
India’s GDP growth may moderate to 6.8% this fiscal; expect two RBI rate cuts, says CRISIL, ET BFSI
Representative imageCRSIL Ratings expects two policy cuts from the Reserve Bank of India during this fiscal starting October even as it sees the GDP growth moderating to 6.8%. "Amid strong economic growth momentum, the MPC aims to see a durable reduction in inflation...
Meta to lift restrictions on Trump’s social-media accounts ahead of election
Facebook and Instagram parent Meta Platforms Inc. on Friday said it would lift restrictions placed last year on the social-media accounts of former President Donald Trump — a move the company said is intended to level the playing field for this year’s presidential...
Quantum Computing Set to Revolutionize Chemistry Research
Quantum computing is poised to dramatically transform the field of chemistry, according to IBM Research. The limitations of today's supercomputers in modeling complex molecules are well-documented, and quantum computing offers a promising...
Rupee settles marginally higher at 83.53 against US dollar; 10-year G-Sec ends flat, ET BFSI
Mumbai: The rupee strengthened marginally versus the US dollar on Friday as lower-than-expected US inflation data bolstered the expectation of a rate cut by the Federal Reserve. The rupee closed at 83.53/$1 on Friday, versus 83.56/$1 on Thursday, Reuters data showed....
Judge dismisses Alec Baldwin ‘Rust’ manslaughter case
US actor Alec Baldwin participates in a pretrial hearing in Santa Fe, New Mexico, on July 8, 2024. Ross D. Franklin | AFP | Getty ImagesA New Mexico judge on Friday dismissed the criminal involuntary manslaughter case against Alec Baldwin on the third day of the...
Monetary policy will anchor India’s growth ambitions, said RBI DG Michael Patra, ET BFSI
Mumbai: India could emerge as the second largest economy by 2031 and largest economy in the world by 2060 riding on a stable investment rate, macroeconomic and financial stability, favourable demographics and growth multipliers like digitisation, Reserve Bank of India...
The Weekly Bottom Line: U.S. – Inflation Cooling
U.S. Highlights U.S. inflation eased by more than expected in the month of June, raising the likelihood of a September rate cut. Small business confidence continued to edge higher in June, though several forward-looking indicators suggests some softening in the months...
The Summer Olympics are near — and you’ve got less than a week to save $2 on Peacock
Peacock, which will stream every Olympics event live, will raise prices by $2 a month starting July 18.
Meta lifts Trump’s Facebook, Instagram restrictions before election
Former President Donald Trump speaks during his campaign rally at the Trump National Doral Golf Club on July 09, 2024 in Doral, Florida. Joe Raedle | Getty Images News | Getty ImagesMeta said Friday it's removing any previously imposed penalties and restrictions on...
Piramal Capital eyes up to $400 million via bond issue, BFSI News, ET BFSI
Mumbai: Non-bank lender Piramal Capital, which had acquired Dewan Housing Finance in one of the few successful debt resolutions of a finance company, is set to raise up to $400 million in its first overseas bond issue, with Deutsche Bank, Barclays, Standard Chartered,...
RBI deputy guv Michael Patra, ET BFSI
MUMBAI: India could emerge as the world's second largest economy by 2031 and the largest economy by 2060, riding on a stable investment rate, macroeconomic and financial stability, favourable demographics and growth multipliers like digitisation, Reserve Bank of India...
BofA predicts boost to capex, modest populism, intact deficit target, ET BFSI
FY25 budget announcement is scheduled on 23rd July 2024. Key debate is on government's allocation for USD 16.2 billion of excess dividend receipts from the RBI & CPSEs. About USD 6.6 billion allocations is expected to stimulate state capex, USD 9.6 billion towards...
Central spending gives a boost to liquidity, brings overnight rate 10 bps below repo, ET BFSI
A pronounced increase in government spending after the polls has injected fresh liquidity into the banking system, bringing down overnight borrowing rates, Treasury Bill yields and, in turn, short-term financing costs for Indian companies, even as the central bank...
Did hackers get your cellphone number from AT&T? Be extra vigilant about these money-related scams.
As “a general rule,” people should be on guard about unfamiliar senders and suspicious texts, AT&T said.
Snowflake shares slip after AT&T says hackers accessed data
Sridhar Ramaswamy, CEO of Snowflake and formerly co-founder and CEO of startup Neeva, speaks at the Collision conference in Toronto on June 21, 2022.Eóin Noonan | Sportsfile | Collision | Getty ImagesSnowflake has spent the past seven weeks dealing with the fallout of...
Australia PM tells Russia to ‘back off’ after claims over espionage arrests
A Russian diplomat leaves a plot of land where Russia's attempts to build a new embassy near Australia's parliament, suffered a legal blow with a top court backing the government's effort to seize the land, in Canberra on June 26, 2023.Yoann Cambefort | AFP | Getty...
The Week Ahead – ECB Spotlight as Fed Rate Speculations Drive Market Shifts
US inflation data caused a significant selloff in US mega-cap tech stocks and a shift towards riskier areas of the market. The ECB interest rate decision is expected to bring no change, but the bank lending survey may shed light on the impact of higher rates on the...
IOTA Partners with Eviden to Launch Digital Passport Solution
IOTA Foundation has announced a strategic partnership with Eviden to launch the Eviden Digital Passport Solution (EDPS), marking a significant milestone in the evolution of Digital Product Passports. According to IOTA Foundation Blog,...
NVIDIA Utilizes Synthetic Data to Enhance Multi-Camera Tracking Accuracy
Large-scale, use-case-specific synthetic data is becoming increasingly significant in real-world computer vision and AI workflows. By leveraging digital twins, NVIDIA is revolutionizing the creation of physics-based virtual replicas of...
Yes Bank stake not being evaluated by us, says First Abu Dhabi Bank, ET BFSI
First Abu Dhabi Bank on Thursday clarified that it was not evaluating any possible offer for a stake in Indian private lender Yes Bank, as per news agency Reuters.The Middle Eastern lender was apparently among those evaluating a $5 billion stake in Yes Bank for around...
7 Growth Hacks to Market Your Business with SEO
In today’s highly competitive online environment, numerous opportunities exist to stay ahead and succeed. Improving SEO and achieving better results for clients involves various factors, with social media and content marketing strategies playing a pivotal role. These...
Rudy Giuliani bankruptcy case dismissed
Rudy Giuliani speaks to members of the media where Republican candidate Florida Gov. Ron DeSantis was scheduled to host a campaign event on January 21, 2024 in Manchester, New Hampshire.Brandon Bell | Getty ImagesA New York federal bankruptcy judge on Friday dismissed...
StubHub delaying IPO due to ‘tricky’ market conditions: WSJ
StubHub is postponing its initial public offering until at least September because of “tricky” market conditions, according to a Wall Street Journal report Friday that cited one person familiar with the matter.
OpenAI and Los Alamos National Laboratory Forge Research Partnership
OpenAI and Los Alamos National Laboratory have announced a collaborative research partnership aimed at developing safety evaluations to assess and measure biological capabilities and risks associated with frontier models, according to...
HDFC Bank, Axis plan outage this weekend, BFSI News, ET BFSI
MUMBAI: HDFC Bank and Axis Bank have announced scheduled downtime of their systems for some services over the weekend. HDFC Bank's downtime will be in the early hours of July 13, while Axis's outage will stretch through July 13 and July 14. Published On Jul 12, 2024...
Nvidia’s stock bounces back and could rally another 30%, analyst says
Nvidia’s stock bounced Friday as investors shook off the jitters that led to a massive selloff in megacap technology companies in the previous session.
Economists say Trump would reheat inflation more than Biden: WSJ
Combination picture showing former U.S. President Donald Trump and U.S. President Joe Biden.ReutersA majority of economists surveyed by The Wall Street Journal said former President Donald Trump's policies would be more likely to reignite inflation than President Joe...
Biden’s other gaffe
The president didn’t do much to dispel his opponents’ claims that his policies fueled inflation.
High court refuses bail to Chhabria in Yes Bank-DHFL laundering case, ET BFSI
MUMBAI: Bombay high court refused bail to developer Sanjay Chhabria of Radius Group who was arrested by ED in the Yes Bank and DHFL money laundering case, reports ."This court is unable to record its satisfaction that there are reasonable grounds for believing that...
Market Analysis: GBP/USD Eyes 1.3000 While EUR/GBP Struggles
GBP/USD is gaining pace above the 1.2900 resistance. EUR/GBP declined and is now consolidating losses above the 0.8400 region. Important Takeaways for GBP/USD and EUR/GBP Analysis Today The British Pound is attempting a fresh increase above 1.2950. There is a key...
IBM Quantum Advances with Scalable Error-Corrected Systems
IBM Quantum is making significant strides in the field of quantum computing, aiming to achieve practical quantum advantage through the development of scalable, error-corrected quantum systems. According to IBM Research, the company has a...
After Starlink mission hits problems, SpaceX says satellites will re-enter Earth’s atmosphere and ‘demise’
The Starlink satellites were deployed at a lower-than-intended orbit Thursday night because of a rocket problem.
Nasdaq 100 Index Fell Despite Positive Inflation News
Yesterday, Consumer Price Index (CPI) values were published, indicating a slowdown in the rate of inflation in the USA. According to ForexFactory: → CPI month-on-month: actual = -0.1%, forecast = 0.1%, previous month = 0.0%; → CPI year-on-year: actual = 3.0%, forecast...
Punjab National Bank signs pact with SAIL to offer loans, ET BFSI
State-owned Punjab National Bank has signed a pact with Steel Authority of India to provide home loan, car loan and education loan to the latter's employees at concessional rates. This strategic partnership aims to enhance the financial well-being of Steel Authority...
Corn prices touch a nearly 4-year low, then rise as USDA lifts demand forecast
Corn futures turned higher in Friday dealings, finding support from data showing that U.S. corn use, a proxy for demand, rose more than supply — prompting prices to give up early losses that had pulled them to their lowest level since 2020. In its monthly World...
Potential Intervention Amid Inflation Shocks :: InvestMacro
By RoboForex Analytical DepartmentThe USD/JPY pair experienced a significant drop to 159.06, driven by sharp declines following the release of unexpectedly low US inflation figures and potential interventions from Japanese authorities.On Thursday, the pair plunged...
NZ Dollar Edges Higher Despite Soft Mfg. Data
The New Zealand dollar is slightly higher on Friday. NZD/USD is trading at 0.6110 in the European session, up 0.24% on the day at the time of writing. New Zealand dollar showing big swings It has been a volatile few days for the New Zealand dollar. On Wednesday,...
NVIDIA NeMo Curator Enhances Non-English Dataset Preparation for LLM Training
Data curation is critical for developing effective and fair large language models (LLMs). High-quality, diverse training data directly impacts LLM performance by addressing issues like bias, inconsistencies, and redundancy. NVIDIA has...
These are the biggest danger zones in your home as you age. Here’s how to make them safer.
Many of us would like to age in place, but will it be possible?
Dune Partners with Conduit for BOB L2 Integration
Dune Catalyst, a prominent player in blockchain analytics, has announced a strategic partnership with Conduit, a company specializing in blockchain infrastructure, to integrate BOB L2. This move is aimed at expanding Dune's product...
Moody’s upgrades YES Bank outlook to positive, affirms ratings, ET BFSI
Mumbai: Moody's Ratings has affirmed private lender YES Bank’s Ba3 long-term foreign currency and local currency ratings. The agency also changed the outlook to positive from stable.The change in outlook reflects Moody’s expectations that a gradual improvement in YES...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 156.97; (P) 159.37; (R1) 161.30; More… No change in USD/JPY’s outlook. Deeper decline is expected with 160.25 support turned resistance intact. Fall from 161.94 is seen as corrective the five-wave rally from 140.25. Sustained break of 55 D EMA (now...
FCA bans Clive Harris Mongelard
The UK Financial Conduct Authority (FCA) has made an order prohibiting Clive Harris Mongelard aka Clive Harris aka Clive Lindsey from performing any function in relation to any regulated activity. Following civil proceedings brought by the FCA before the High Court of...
My wife and I are in our late 60s. Should we downsize now — and ditch our attractive 1.8% mortgage rate?
“We have IRAs of $1. 2 million, stock investments of $50,000 and $30,000 in cash in a local bank.”
Biden ally Ron Conway spoke to Nancy Pelosi about concerns
Then House Minority Leader Nancy Pelosi, a Democrat from California, center, speaks with Ron Conway, founder of SV Angel, right, during the DreamForce Conference in San Francisco, California, U.S., on Wednesday, Oct. 5, 2016.David Paul Morris | Bloomberg | Getty...
Immutable (IMX) Expands to Japan: Partnership with QAQA and DM2C Studio to Drive Web3 Gaming
Immutable (IMX), a leading web3 gaming company, is making significant strides in the Japanese market through strategic partnerships with QAQA and DM2C Studio. This expansion aims to enhance digital ownership and revolutionize gaming...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8919; (P) 0.8961; (R1) 0.9007; More… No change in USD/CHF’s outlook as further decline is expected with 0.9000 resistance intact. Deeper decline would be seen to 0.88825 support. Fall from 0.9223 should be in progress with near term channel...
Canara Bank MD hands Rs 1,838 cr cheque to FM Nirmala Sitharaman, ET BFSI
Canara Bank MD & CEO K Satyanarayana Raju has handed a dividend cheque of Rs 1838 crore to Finance Minister Nirmala Sitharaman for the financial year 2023-24. Raju handed the cheque at an event in Delhi on Wednesday attended by Prashant Kumar Goyal, joint...
Essential Tax Tips for Maximizing Investment Gains
Investing is one way to build wealth. But, understanding the tax implications is key for maximizing your returns. By managing your taxes well, you can keep more of your hard-earned gains. This guide provides essential tax tips to help you navigate investment taxation...
EU50 waits for directional spark :: InvestMacro
FXTM’s EU50 ↑ 10% since start of 2024EU data + ECB = big price swings?Over past year ECB decision triggered moves of ↑ 1.5% & ↓ 0.3%Index trading 3% away from YTD high at 5142.3Technical levels = 5010 & 4880Watch out for fresh trading opportunities in the week...
This investment fad looks good, but the math says you should probably avoid it
Also: Estate planning mistakes, a hot bond market and a possible rotation for stocks.
EUR/USD Outlook: Bulls Hold Grip for Further Advance
EURUSD continues to trend higher, with minimal negative impact from hotter than expected US PPI data (Jun 0.2% m/m vs 0.1% f/c and 0.0% in May). The latest bull-leg extends into third straight and day pressuring Thursday’s post US CPI spike high (1.0898) which guards...
More Democrats ask president to drop out
U.S. President Joe Biden waves at a press conference during NATO's 75th anniversary summit, in Washington, U.S., July 11, 2024.Nathan Howard | ReutersThe reelection campaign of President Joe Biden started the day Friday facing the very real prospect that even more...
Special focus areas explained, ET BFSI
By Bikash Narayan MishraIndian banks are all set to chart a new course. As India aspires to be a $5 trillion economy in the next three years and touch $7 trillion by 2030, the banking system needs to be strong and resilient so that it can power the economy and absorb...
Exclusive: ATFX Connect sees Revenues double in 2023 to £6.2 million
FNG Exclusive… FNG has learned via regulatory filings that AT Global Markets (UK) Limited, the London based, FCA regulated brokerage arm of global online broker ATFX, has posted healthy increases in both Revenue and Net Profit in FY 2023. AT Global Markets (UK)...
IBM Research Delves into Quantum Information Science
IBM Research is making significant strides in the field of quantum information science, which promises to revolutionize problem-solving capabilities across a variety of domains, according to IBM Research. The research focuses on...
SpaceX Falcon 9 rocket grounded after rare inflight failure
A SpaceX Falcon 9 rocket flies carrying a payload of 22 Starlink internet satellites into space after launching from Vandenberg Space Force Base on March 18, 2024 as seen from Los Angeles, California. Mario Tama | Getty ImagesSpaceX's Falcon 9 rocket is grounded,...
Week Ahead – ECB Set to Hold Rates, Plethora of Data on the Way
ECB is not expected to cut in July but will it signal one for next meeting? Retail sales will be the main highlight in the United States UK CPI report will be vital for BoE’s August decision China GDP data to kickstart busy week ECB meets amid sticky inflation The...
Fisker, Invitae and other fallen ‘unicorns’ are casualties of Silicon Valley’s broken venture capital system
Startup funding meltdown could be severe, depending on how long the AI bubble lasts.
Deposits grow faster than loans in June quarter, BFSI News, ET BFSI
MUMBAI: The banking sector's outstanding loans rose 4.8% in the first quarter - from Rs 168.7 lakh crore as of end-March 2024 to Rs 176.8 lakh crore on June 28. During the same period, deposits grew 5.3% to Rs 220.6 lakh crore from Rs 209.3 lakh crore. In the past...
House Democratic leader met with Biden about ‘the path forward’
US House Minority Leader Hakeem Jeffries speaks to press at the White House after a meeting with President Joe Biden and Vice President Kamala Harris on funding the government and avoiding a shutdown in Washington D.C., United States on February 27, 2024. Celal Gunes...
A September Fed Rate Cut Could Lead to Easing Spree During end-2024
Market prices in at least two rate cuts from Fed ECB, BoE expected to follow suit despite divergent economic conditions SNB and BoC could ease further; RBNZ possibly close to a summer rate cut BoJ and RBA could surprise with rate hikes during 2024 We are halfway into...
US Fed to start cutting rates in September. The Canadian dollar reached a 2-month high :: InvestMacro
By JustMarketsAt Thursday’s close, the Dow Jones Index (US30) was up 0.08%, while the S&P 500 Index (US500) decreased by 0.88%. The NASDAQ Technology Index (US100) closed negative 1.95%. Stocks found early support on Thursday on the Fed’s favorable June US CPI...
Biden and Trump are split on a key issue that could be a ‘wildcard’ for gas prices
This may come as a surprise to some: U.S. presidential elections and policies don’t impact the short-term cost of gasoline at the pump, according to Patrick De Haan, head of petroleum analysis at GasBuddy.
Biggest risks of gen AI in your private life: ChatGPT, Gemini, Copilot
Many consumers are enamored with generative AI, using new tools for all sorts of personal or business matters. But many ignore the potential privacy ramifications, which can be significant.From OpenAI's ChatGPT to Google's Gemini to Microsoft Copilot software and the...
IOTA Foundation Explores DAG Technology to Overcome Blockchain Limitations
The IOTA Foundation's 'Beyond the Chain' workshop, held on May 31, 2024, at Trinity College Dublin, provided a comprehensive look at how Directed Acyclic Graph (DAG) technology can address the inherent limitations of traditional...
How to avail, interest rate, processing fee, ET BFSI
State Bank of India (SBI) launches an online loan facility against mutual fund (MF) units via Internet Banking (INB) and the YONO App. This digital solution allows consumers to apply for loans from the comfort of their own homes, with a completely paperless and...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2858; (P) 1.2903; (R1) 1.2960; More… Intraday bias in GBP/USD remains on the upside for the moment. Decisive break of 61.8% projection of 1.2298 to 1.2859 from 1.2612 at 1.2959 would prompt upside acceleration through 1.3141 resistance to 100%...
Consumer sentiment falls to 8-month low on frustration with inflation
Consumers’ optimism about the economy fell to an eight-month low in July over frustration with high prices, even though they expect inflation to slow over the next year.
Polygon (MATIC) Launches Miden Alpha Testnet v3 with Enhanced Features
Polygon (MATIC) has announced the launch of Miden Alpha Testnet v3, introducing several new features aimed at enhancing the development and execution of decentralized applications (dApps) on its platform, according to Polygon's official...
British Columbia adopts business conduct rule for derivatives dealers and advisers
The B.C. Securities Commission has published advanced notice of adoption of a comprehensive regime for regulating the business conduct of dealers and advisers in the over-the-counter derivatives market, including a number of provisions that are specific to British...
‘Our wills are an open book’: We have a net worth in the millions and promised our three children a free education. Some of our kids are now crying foul.
“We are now 70, have a few health issues and do not want to be a financial burden to our children as we age.”
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0829; (P) 1.0864; (R1) 1.0904; More…. No change in EUR/USD’s outlook and intraday bias stays on the upside for retesting 1.0915 resistance. Decisive break there will resume whole rally from 1.0601 and target 100% projection of 1.0601 to 1.0915...
Are banks open or closed this Saturday, July 13?, ET BFSI
In India every month on the second and fourth Saturdays, all private and PSU will be closed along with Sundays, national and regional holidays, as per the Reserve Bank of India rules. So bank customers must make sure that their bank related work is not hampered on...
Binance to Delist TUSD from Cross and Isolated Margin Trading
Binance, one of the world's leading cryptocurrency exchanges, has announced that it will delist TrueUSD (TUSD) from its Cross and Isolated Margin trading pairs, effective July 24, 2024, at 06:00 (UTC), according to Binance.com. Details of...
Tour $60 million mansion in Delray Beach, Florida
The Mar Pietra compound in Delray Beach, Florida, is being offered at $60 million.Daniel PetroniThe owner of a beachfront mansion in Delray Beach, Florida, is looking to shatter a local price record with a home that delivers old-school Italian flair above ground and...
Are You a “Betting Man”? Then Take a Look — and Make Your Bet. :: InvestMacro
By Murray Gunn | Global Rates & Money Flows editorI have spent much of my career among professional traders. By nature, traders are a betting crowd; if they can’t bet on the markets, they’ll bet on something else.A monthly highlight on trading floors was always...
Want 16-year-old soccer wunderkind Lamine Yamal on your team? It will cost you $1 billion.
Yamal’s release clause is by far the most expensive ever. Would a team actually pay it?
Inceptive CEO Jakob Uszkoreit says AI will transform pharmaceuticals
Before co-founding biotech startup Inceptive, Jakob Uszkoreit had an idea that would eventually make generative artificial intelligence possible. As a researcher at Google in 2017, Uszkoreit was trying to speed up the training of neural networks.He suggested using a...
Dollar Softens Post-PPI Release, Yet Selling Momentum Remains Limited
Dollar is under some selling pressure in early US session despite stronger-than-expected PPI readings. However, downside momentum of the greenback is relatively limited. The post-CPI selloff yesterday did not gain significant traction, partly because stock markets...
Retail Inflation snaps five-month record of moderation, increases to 5.08% in June, ET BFSI
India’s retail inflation for the month of June increased to 5.08%, breaking a five-month streak of moderation. Food inflation marked another high at 9.36%.Although the numbers are within The Reserve Bank of India's (RBI) tolerance band for inflation for FY25, set...
Women set to inherit $9 trillion
Charday Penn | E+ | Getty ImagesUp to $9 trillion is expected to be passed along to spouses and partners in the coming years as part of what's being called "the horizontal wealth transfer," according to a new report.Over the next 20 to 30 years, aging baby boomers and...
LRS for foreign currency accounts in GIFT city, BFSI News, ET BFSI
The Reserve Bank of India this week widened the ambit – or the list of permissible transactions – of the liberalised remittances scheme (LRS) for foreign currency accounts in the GIFT city. The LRS, first introduced a decade after liberalization, has been a pronounced...
Why your grocery bill could be getting lower
PepsiCo and Conagra are among the companies dropping prices in response to inflation-weary consumers
US PPI rises 0.2% mom, 2.6% yoy, largest annual advance in more than a year
US PPI for final demand rose 0.2% mom in June, slightly above expectation of 0.1% mom. PPI rose 2.6% yoy for the 12 months ended in June, above expectation of 2.2% yoy. That’s also the largest annual advance since March 2023. PPI less foods, energy, and trade services...
Citi registers 29% Y/Y increase in Markets net income in Q2 2024
Citigroup Inc. (NYSE:C) today posted its financial report for the second quarter of 2024. Markets revenues of $5.1 billion increased 6%, driven by growth in Equity markets revenues, partially offset by lower Fixed Income markets revenues. Equity markets revenues of...
Binance Revises VIP Program: New Spot and Margin Trading Fees for VIP Users
Binance, a leading cryptocurrency exchange, has announced updates to its VIP Program, which will affect spot and margin trading fees for VIP 5 to VIP 8 users. Additionally, the platform will lower trade volume requirements for VIP 4...
Biden calls Ukraine leader Zelenskyy President Putin
President Joe Biden mistakenly introduced Ukrainian President Volodymyr Zelenskyy as "President Putin" at the NATO summit Thursday, an embarrassing verbal stumble at a time when Biden faces intense questions about his mental competency.Biden's confusion of Zelenskyy...
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Set a goal for your investments and keep these four things in mind
Citigroup (C) earnings Q2 2024
CEO of Citi, Jane Fraser during the panel on Tech and finance - tailwinds and headwinds at the Global Hong Kong Global Financial Leaders Investment Summit on November 7, 2023 in Hong Kong, China.Vernon Yuen | Nurphoto | Getty ImagesCitigroup on Friday posted...
MF exposure to NBFCs’ commercial paper hits pre-pandemic levels, ET BFSI
Mutual fund debt exposure to NBFCs, including Commercial Papers (CPs) and Corporate Debt, remained above the Rs 2 lakh crore mark for the second consecutive month touching Rs 2.09 lakh crore in May 2024.This marks an increase of 22.0% y-o-y and 0.5% sequentially, with...
Analysis of USD/JPY: Was There an Intervention?
Yesterday’s news of slowing inflation in the US sharply weakened the dollar, anticipating the Federal Reserve’s monetary easing. In the first 15 minutes after the data release: → EUR/USD rose by approximately 0.45% to the psychological level of 1.09; → GBP/USD...
OK, boomer: You’re hoarding your nest egg, but your kids need financial help now
A viral X post asking whether to give your beneficiaries the money today, or let them wait to inherit it, has drawn more than 10 million views
ESMA clarifies treatment of crypto staking services under MiCA
The European Securities and Markets Authority (ESMA) today published a new set of Q&A, including one concerning the treatment of staking services under MiCA. The European Commission explains that MiCA does not contain provisions specific to staking. It does not...
Biden interview edited by Black radio show following campaign request
U.S. President Joe Biden delivers remarks at a campaign event in Harrisburg, Pennsylvania, U.S., July 7, 2024. Nathan Howard | ReutersThe campaign of President Joe Biden asked for and received two edits to an interview he gave a Milwaukee radio station on the heels of...
Binance Introduces Multi-Validator Withdrawal Verification for Corporate Accounts
In a significant move to bolster account security, Binance has announced the rollout of multi-validator withdrawal verification for all corporate accounts that have successfully completed their Entity Verification (KYB), according to an...
Corporates Have Weighed in on Crypto Once Again
Market picture The crypto market capitalisation fell by 0.8% in 24 hours to $2.11 trillion. An attempt to strengthen the market’s offensive on news about inflation in the US attracted new sellers, which this time can easily be linked to the similar dynamics of the...
Oil prices higher after cooler inflation data
Oil futures rose Friday morning, aiming for a third straight winning session, after finding modest support the previous day following a cooler-than-expected June consumer-price index reading that reinforced expectations for the Federal Reserve to begin cutting...
Fully invested in market; banks continue to remain reasonably priced: Anand Shah, ET BFSI
"They still remain expensive relative to the market. The growth is still muted relative to the market and everybody is hoping, because they have done very well prior to 2020 and it is large part of people's portfolio, they are hoping that they will start doing well,"...
Spotware releases cTrader Desktop 5.0.28
Fintech company Spotware Systems today announced the release of cTrader Desktop 5.0.28. In the latest version of the trading platform, client-side validation and handling for algorithm synchronization exclusions have been added. A number of issues were addressed,...
Binance Square Launches Giveaway Center Offering $20,000 in Token Rewards
Binance Square has announced the launch of its new Giveaway Center, providing verified users with the opportunity to complete tasks and earn a share of $20,000 in ACE and LISTA token rewards. According to Binance, users can unlock $10,000...
AT&T’s stock slides 3% after company discloses hack of calls and texts
The company said that the hacked data “does not contain the content of calls or texts, personal information such as Social Security numbers, dates of birth, or other personally identifiable information.”
President Joe Biden holds rare solo press conference
[The stream is slated to start at 7 p.m. ET. Please refresh the page if you do not see a player above at that time.]President Joe Biden is set to hold a solo press conference in Washington on Thursday following a busy day of NATO Summit events.The press conference is...
USD/JPY Stabilizes After Massive Slide
The Japanese yen has edged lower on Friday, after posting huge gains a day earlier. USD/JPY is trading at 159.16 in the European session, up 0.26% on the day at the time of writing. Japanese yen soars – soft US inflation or intervention? The US dollar was down against...
RBI’s decision on LRS enhances attractiveness of GIFT IFSC: Tapan Ray, ET BFSI
New Delhi: The Reserve Bank has significantly enhanced the attractiveness and utility of GIFT IFSC by clarifying the use of LRS for investments and enabling transactions like insurance and education loan payments in foreign currency, said GIFT City MD and group CEO...
Astar Network (ASTR) and Binance Introduce Innovative Staking Mechanism
In a groundbreaking move for the Astar community, Astar Network has partnered with Binance to introduce a novel staking mechanism. This initiative is set to provide a unique experience for users and significantly impact the Astar...
RBI purchases gold at an average of 40 tonnes over past five years, ET BFSI
The Reserve Bank of India has purchased over 40 tonnes (average) of gold over the past five years (2019-2023), a recent report highlighted.The data released by the PHD Research Bureau, compiled from World Gold Council highlighted the gold purchase trend by the RBI...
NITI Aayog member Arvind Virmani, ET BFSI
The Indian economy will grow around 7 per cent in the current fiscal year and is on track to maintain a similar growth rate for several years, NITI Aayog member Arvind Virmani said on Friday. Virmani said there are new challenges facing the country and they will have...
Tech stocks could see a Brexit-like rerun, this fund manager says. A big test is brewing.
Lake Cornelia Research Management’s chief investment officer Judd Arnold says stocks could be looking at a repeat of recent history if an unwind of a popular trade continues on Friday.
CoinShares announces special dividend distribution after recovery of FTX claim
CoinShares International Limited, a European investment company specialising in digital assets, today announced a special dividend distribution to its shareholders. Earlier this year, the company introduced a quarterly dividend policy, reflecting its strategic focus...
Cliff Notes: Shifting Risks and Rhetoric
Key insights from the week that was. The July Westpac-MI Consumer Sentiment Survey confirmed that households remain downbeat, with the headline index falling 1.1% to 82.7. The latest update continues to speak to a challenging context, characterised by a resurgence in...
Biden news conference carries high stakes as campaign teeters
U.S. President Joe Biden speaks at a press conference during NATO's 75th anniversary summit, in Washington, U.S., July 11, 2024.Yves Herman | ReutersPresident Joe Biden on Thursday mistakenly referred to Vice President Kamala Harris as "Vice President Trump" in the...
Report of assassination attempt brings Europe’s thriving defense stocks into focus
A CNN report that Germany, with the help of U.S. intelligence, foiled an assassination attempt on the chief executive of an arms manufacturer helps bring the surging stock-market gains of the European defense sector into focus.
Elon Musk’s X deceives users and breaches online content rules, EU says
Elon Musk, chief executive officer of SpaceX and Tesla and owner of X, speaks at the Milken Conference 2024 in Beverly Hills, California, May 6, 2024.David Swanson | ReutersElon Musk's X is in breach of EU online content rules as the social media platform uses "dark...
Jio Financial Services gets RBI nod to become core investment company, ET BFSI
The Reserve Bank of India on Thursday approved the conversion of Jio Financial Services from a Non-Banking Financial Company (NBFC) to a Core Investment Company (CIC), the company said in a filing.Jio Financial Services is the demerged entity of energy-to-telecom...
GBPJPY Hits 20-Day SMA After Multi-Year High
GBPJPY may start bearish correction Stochastics move down; RSI ticks up GBPJPY suffered significant losses following an aggressive rally to the multi-year high of 208.10. The pair found immediate support at the 20-day simple moving average (SMA) of 203.80, keeping the...
Clearstream enhances its digital post-trade platform D7 to enable mass issuance
Clearstream has released an enhanced version of its digital post-trade platform: D7 Generation2. The enhanced architecture, developed in conjunction with Google, brings improvements designed to make the issuance process faster, easier, and more efficient. The...
AI Innovations by Paige Set to Revolutionize Cancer Diagnostics
Generative AI is poised to bring transformative changes to the healthcare industry, particularly in cancer diagnostics, according to Paige, the first company with an FDA-approved tool for cancer diagnosis. In a recent episode of NVIDIA's...
Investments in Q2 CY24 surged, debt deals witness uptick: Report, ET BFSI
Investments in the second quarter of CY24 have surged, breaking the decline from Q3 CY23 to Q1 CY24. A total of USD 11.6 billion investments were made through 318 deals in Q2 CY24 compared to USD 8.2 billion investments through 290 deals in Q1 CY24, revealed a latest...
‘Big Short’ investor Steve Eisman says shorting current market would be ‘insanity’
Eisman, who was played by Steve Carell in the 2015 movie ‘The Big Short,’ played down concerns about the current economy as he argued AI will boost the world’s top tech companies
Why does China’s central bank have a new cash management tool?, ET BFSI
China's central bank introduced a new cash management tool this week in the form of temporary bond repurchase (repo) agreements and reverse repos, adding to its various open market operations and creating what could become an important interest rate indicator.The...
Biden won’t drop out against Trump unless polls show zero chance
President Joe Biden on Thursday said that nothing would make him reconsider his decision to remain in the 2024 presidential election contest unless polling data showed "there's no way you can win.""No one's saying that," Biden said in a stage whisper during a news...
XAU/USD: Gold May Rally Further After US CPI Data Boosted Bets for September Fed Rate Cut
Gold price eases from new seven-week high on Friday morning, as traders took some profits from Thursday’s 1.9% post-US CPI data rally. The yellow metal received fresh boost from cooler than expected US inflation, which boosted bets (93% from 70% before the data) for...
Inside Goldman Sachs’ expanding but risky financing engine, BFSI News, ET BFSI
A Goldman Sachs bet put in place in 2021 on lending to private funds has helped drive record revenues in fixed-income financing. Now, the Wall Street bank is pushing even deeper into the growing but risky market.The fund finance unit, housed in the bank's global...
Traders piled into bets against small-cap stocks at exactly the wrong time
History suggests the unloved group of stocks could outperform once the Fed cuts interest rates, which now looks increasingly likely.
Pepperstone CMO Tony Gruebner departs
Tony Gruebner, who has spent the past four years as Chief Marketing Officer (CMO) at leading Australia based Retail FX and CFDs broker Pepperstone, has announced that he is leaving the company. Tony Gruebner joined Pepperstone in 2020 from Sportsbet, Australia’s...
CPI inflation continues to be close to 5%… it’s too early to talk on rate cut: Shaktikanta Das, ET BFSI
Mumbai: The Reserve Bank of India (RBI) Governor, Shaktikanta Das, said on Thursday it was too early to talk about a cut in policy rates given the uncertain global economic environment and a persistently high home consumer inflation, which has trended above the...
Japanese Yen Surges: Potential Intervention Amid Inflation Shocks
The USD/JPY pair experienced a significant drop to 159.06, driven by sharp declines following the release of unexpectedly low US inflation figures and potential interventions from Japanese authorities. On Thursday, the pair plunged nearly 3%, prompted by US inflation...
ISF report, BFSI News, ET BFSI
About 220,000 flexible jobs were created in 2023-24, according to an Indian Staffing Federation (ISF) report. Flexi staffing industry grew 15.3% year-on-year, up from 14% in the previous fiscal, as per the ISF’s Annual Employment Trends 2024 report. The total flexi...
Cathie Wood has been pleading for rate cuts. Her flagship fund missed the rally.
Thursday should have a banner day for Cathie Wood. It wasn’t for her flagship fund.
Microsoft giving up OpenAI board observer seat doesn’t settle concerns
Microsoft CEO Satya Nadella (R) speaks as OpenAI CEO Sam Altman (L) looks on during the OpenAI DevDay event in San Francisco on Nov. 6, 2023.Justin Sullivan | Getty ImagesMicrosoft has given up its observer seat on OpenAI's board. Apple, which was reportedly expected...
Exploring AGI Creativity: How AI Mimics Human Innovation
The rise of generative AI has ushered in a new era of technological innovation, challenging our understanding of creativity and its unique relationship to human characteristics. As artificial intelligence (AI) systems continue to evolve,...
Rupee settles marginally lower at 83.6 against dollar, ET BFSI
Mumbai: The Indian rupee weakened by four paise versus the US dollar on Thursday due to dollar demand from local oil companies and state-run banks amid volatility in oil prices. The rupee closed at 83.56/$1 on Thursday, marginally lower versus the previous close of...
10 Best Blockchain Interoperability Tools
Blockchain offers a transparent, secure and decentralized approach for storing and exchanging data, which has transformed our conventional viewpoints on technology. The power of blockchain has helped in empowering the web3 landscape with multiple base-layer...
Biden touts cooling inflation, slams Trump tariffs at press conference
President Joe Biden on Thursday trumpeted the latest inflation report in the opening remarks of his highly anticipated solo press conference in Washington."Just this morning, we had a great economic report showing inflation is down," he said. "Overall, prices fell...
RBI, BFSI News, ET BFSI
New Delhi, As India aims to become the world's third largest economy soon, the banking sector is undergoing a decade-high performance in financial metrics, according to Swaminathan J, Deputy Governor of the Reserve Bank of India (RBI).According to him, the central...
Dollar General, Labor Department settle over safety violations
A sign hangs above a Dollar General store in Chicago on Aug. 31, 2023.Scott Olson | Getty ImagesThe U.S. Department of Labor announced a settlement Thursday with Dollar General, requiring the retailer and its subsidiaries to pay $12 million in penalties and implement...
Limassol CFDs broker office hit in drive-by shooting
Cyprus news websites Cyprus Mail and in-Cyprus are reporting details of a drive-by shooting that occurred late Thursday, in front of the offices of an (unnamed) Limassol based Retail FX and CFDs broker. According to Cyprus Mail, an office building in Limassol was...
Biden praises U.S. economy’s strength as he insists he’s staying in race. He also referred to Kamala Harris as ‘Vice President Trump.’
President Joe Biden spoke Thursday at a much-anticipated press conference as he faces calls to end his re-election campaign following a poor debate performance.
Samsung is developing AI features specifically for China
TM Roh, head of Samsung's mobile business, talks about Galaxy AI at the Galaxy Unpacked event in Paris, France.Arjun Kharpal | CNBCBut China, the world's biggest smartphone market, has been a struggle for Samsung over the last few years. Its market share for...
USDCAD Trades Sideways as 200-SMA Provides Support
USDCAD is rangebound in the past few sessions The 200-day SMA caps the pair’s downside Momentum indicators are negatively tilted USDCAD had been hovering around its 50-day simple moving average (SMA) for the past two months, appearing incapable of clearing this...
Generative AI: How Diffusion Models Are Transforming the AEC Industry
Generative AI, the ability of algorithms to process various inputs such as text, images, audio, video, and code to generate new content, is advancing at an unprecedented rate. This technology is making significant strides across multiple...
LIC Housing Finance accepts bids for over 2-year bonds, bankers say, ET BFSI
MUMBAI, - India's LIC Housing Finance has accepted bids worth 7.50 billion rupees ($89.78 million) for bonds maturing in two years and one month, three bankers said on Friday. The company will pay 7.8650% coupon and had invited bids from bankers and investors for the...
RBI governor hints interest rates may stay higher for longer, BFSI News, ET BFSI
MUMBAI: RBI governor Shaktikanta Das on Thursday indicated that interest rates may remain higher for longer. With a 4.75% rise in retail inflation in May, Das said that inflation numbers for June - which will be announced on Friday - are expected to be close to 5%,...
Can a Spender and a Saver Live in Financial Harmony?
Tension is thick in the air, sparks flying as a couple stands face-to-face, locked in an intense struggle. But this isn't just any battle—it's the battleground of finances, where love and money collide!In one corner, we have Lara, a fierce spending Guardian armed with...
Will Nirmala Sitharaman under-promise and over-deliver in Budget? BofA predicts, ET BFSI
In her seventh consecutive Union Budget presentation, Finance Minister Nirmala Sitharaman may deliver an effective tax rate cut, higher subsidy for cooking gas, interest rate subvention for rural and urban housing, special assistance to states, and wider subsidized...
JPMorgan forecasts a crypto market recovery beginning in August
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
FX option expiries for 12 July 10am New York cut
There are a couple to take note of, as highlighted in bold.The first being for EUR/USD at the 1.0850 level. That could be a bit of a magnet for price action and if anything else, limit any major pullback to the gains from yesterday. That is before the expiries roll...
Dollar General to pay $12 million fine and take steps to make its stores safer
Dollar-store chain Dollar General Corp. has agreed to pay $12 million and take more steps to make its workplaces safer, following longstanding complaints over working conditions, the Department of Labor said Thursday.
Apple expands Vision Pro to more countries outside the U.S.
The Apple Vision Pro headset is displayed at the Fifth Avenue Apple store on Feb. 2, 2024 in New York City.Michael M. Santiago | Getty Images News | Getty ImagesApple's mixed reality headset, the Vision Pro, will become available in more countries outside of the U.S....
JPMorgan Chase (JPM) earnings Q2 2024
Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., speaks during an Economic Club of New York (ECNY) event in New York, US, on Tuesday, April 23, 2024. Victor J. Blue | Bloomberg | Getty ImagesJPMorgan Chase is scheduled to report...
UAW considering next steps on worries Trump could beat Biden
Joe Biden and Donald Trump 2024Brendan Smialowski | Jon Cherry | Getty ImagesUnited Auto Workers President Shawn Fain met with the union's executive board late on Thursday to discuss his deep concerns with President Joe Biden's ability to defeat Donald Trump in the...
Yen’s Sharp Rally Pauses, Japan Declines to Confirm Intervention
Japanese Yen is currently the best performer of the week, bolstered by alleged intervention by Japanese authorities overnight. Both Finance Minister Shunichi Suzuki and outgoing top currency official Masato Kanda declined to confirm whether Japan had intervened, with...
Circle Comments on Federal Reserve’s Proposal to Extend Payment Service Hours
This week, Circle submitted its response to the Federal Reserve Board’s proposal to expand the service hours of its two large-value payments services: the Fedwire Funds Service (Fedwire) and the National Settlement Service (NSS)....
ATFX boosts Levant presence with meeting at the Chinese Embassy in Jordan
ATFX is a leading global fintech broker with a local presence in 23 locations, including the Levant. Since setting up a team in the region, ATFX has been dedicated to expanding its brand influence in Jordan. A recent significant meeting at the Embassy of the People’s...
ICICI Bank, SBI among Nomura’s 4 preferred banking stocks ahead of Q1 results, ET BFSI
Stating that LDR-led growth disparities are likely to become more pronounced, global brokerage firm Nomura picked ICICI Bank, SBI, Kotak Mahindra Bank and Federal Bank as its preferences in the banking sector ahead of the Q1FY25 results.The global brokerage firm has a...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 161.38; (P) 161.59; (R1) 161.93; More… USD/JPY declines sharply in early US session and breaks 160.25 support decisively. Considering bearish divergence condition in D MACD, fall from 161.49 might already be correcting the whole five-wave rally from...
One part of the housing market is doing brisk business, says analyst who called 2008 housing crash
“It’s been a rocket ship,” Ivy Zelman, the chief executive of Zelman & Associates, a research firm focused on the housing industry, said Wednesday.
Tether (USDT) to Discontinue Support for Multiple Blockchain Implementations by 2025
Tether, the issuer of the widely used stablecoin USD₮ (USDT), has announced a strategic shift in its blockchain support strategy. According to tether.io, the company will discontinue support for USD₮ and EUR₮ on the Omni, Kusama, SLP,...
Oil prices end higher as CPI data boost Fed rate-cut expectations
Oil futures finished higher on Thursday to tally back-to-back session gains as a decline in a key U.S. inflation gauge fueled expectations for interest-rate cuts this year that may lead to a rise consumer energy demand.
CME Group, CF Benchmarks to launch two new crypto reference rates and real-time indices
International derivatives marketplace CME Group and provider of cryptocurrency benchmark indices CF Benchmarks today announced plans to launch two new cryptocurrency reference rates and real-time indices for Ripple XRP (XRP) and Internet Computer (ICP), which will be...
US: Inflationary Pressures Cool Faster than Expected in June, Bolstering Case for September Rate Cut
The Consumer Price Index (CPI) fell 0.1% month-on-month (m/m), below the consensus forecast calling for a modest 0.1% gain. On a twelve-month basis, CPI edged lower by 0.3 percentage points to 3.0%. Lower energy prices – largely attributed to a 3.7% decline in...
HSBC reshapes investment banking to look more like rivals, BFSI News, ET BFSI
HSBC Holdings Plc is revamping parts of its investment bank in a move that will make it look more like rivals such as Citigroup Inc.Executives in HSBC’s global banking business will winnow its existing sector teams into five larger groups, according to a memo to staff...
Fight for your right: Beastie Boys sue Chili’s for using song ‘Sabotage’ in ad without permission
The seminal rap group said it has never allowed its music to be used in product advertising and asked a judge to block the use of its hit song in an online ad campaign.
EOS Network Foundation Announces Infrastructure Upgrade at Monthly BP Meeting
The EOS Network Foundation (ENF) recently held its Monthly Block Producer (BP) meeting for July 2024, discussing significant infrastructure upgrades. The meeting, led by Executive Director and Founder Yves La Rose, focused on ensuring the...
Nuvei partners with Mastercard to introduce off-ramping of crypto to cards in Europe
Canadian fintech company Nuvei Corporation (TSX:NVEI) announces today a partnership with Mastercard to launch a new off-ramping solution that enables consumers in Europe to seamlessly convert their Digital Assets, including cryptocurrencies, into traditional fiat...
Delta CEO says Paris Olympics will cost it $100 million
This picture taken in Paris on March 3, 2024, shows the silhouette of the Eiffel Tower and the city skyline with cloudy weather.Stefano Rellandini | Afp | Getty ImagesFor more than 10,000 Olympic athletes, making it to Paris this summer is a dream come true. Thousands...
Costco shares have reversed lower after their membership-fee rally. That’s actually normal, analysts say.
When Costco Wholesale Corp. announced a membership-fee increase for its shoppers late Wednesday, investors who had been eager for such a move cheered the news. Yet on Thursday, the stock fell.
Banks seek hike in interest subvention on farm loans, ET BFSI
Banks have urged the government to increase the interest subvention on short-term agriculture loans, said people aware of the matter.Currently, lenders receive an interest subvention relief of 1.5% on short-term farm loans of up to ₹3 lakh. Banks have argued that a...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8973; (P) 0.8987; (R1) 0.9011; More… USD/CHF’s decline from 0.9049 resumed by breaking through 0.8942 support and intraday bias remains is back on the downside for retesting 0.8825. Fall from 0.9223 should be in progress with near term channel...
TurboTax is Elevating Hoop Dreams in Atlanta
TurboTax is here to make your moves count. That’s why we’re partnering with the Atlanta Entertainment Basketball League (AEBL) to elevate up-and-coming basketball hoopers. TurboTax will be sponsoring the AEBL’s 8-week basketball season and their mission of using sport...
As Costco charges more for membership, here’s how much it has gone up since Ronald Reagan was president
Costco membership fees are going up to $65 for its Gold Star plan, and $130 for its Executive plan, representing a roughly 8% annual increase
Exclusive: FPFX COO Trent Hoerr leaves for CEO role at trading competition startup BullRush
FNG Exclusive… FNG has learned that experienced FX industry executive Trent Hoerr has left his role as COO at broker tech provider FPFX, to become CEO of trading competition startup BullRush. Bullrush (at website bullrush.com) blends fantasy sports and trading into a...
Indian Bank pays Rs 1,193 crore dividend to Centre, BFSI News, ET BFSI
CHENNAI: Public sector Indian Bank paid a dividend of Rs 1,193.5 crore to the Centre for the financial year 2023-24. Its MD & CEO S L Jain handed over the dividend cheque to Union finance minister Nirmala Sitharaman, Indian Bank said in a statement on Wednesday....
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2800; (P) 1.2825; (R1) 1.2872; More… GBP/USD’s rally continues today and intraday bias stays on the upside for 61.8% projection of 1.2298 to 1.2859 from 1.2612 at 1.2959. Decisive break there would prompt upside acceleration through 1.3141 to 100%...
GeForce NOW Adds ‘Once Human’ and More to Its Cloud Gaming Platform
GeForce NOW, NVIDIA's cloud gaming service, has expanded its library with three new launch day titles this week, including the highly anticipated survival game 'Once Human' from Starry Studio, according to the NVIDIA Blog. Survive the...
Tesla’s stock falls on reported Robotaxi delay, while Uber and Lyft shares rise
Tesla Inc.’s stock fell more than 6% on Thursday afternoon on the heels of a report that the electric-vehicle maker will delay its closely watched Robotaxi debut by two months in order to build more prototypes.
Tesla shares fall 6% after report of robotaxi unveiling delay
Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X speaks during the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024. David Swanson | ReutersTesla shares fell about 6% on...
UK Court schedules trials of ‘finfluencers” involved in unauthorised Forex scheme
Trials have been scheduled after the UK Financial Conduct Authority (FCA) charged nine individuals in relation to an unauthorised foreign exchange trading scheme promoted on social media. On 11 July 2024 at a plea and trial preparation hearing at Southwark Crown...
The CPI fell in June. Great! But the Fed wants confirmation from its favorite inflation gauge.
The first decline in consumer prices in four years is just an hors d’oeuvre for the Federal Reserve. Its appetite to cut U.S. interest rates won’t be fully sated until the Fed gets more weak readings in its preferred inflation gauge.
Animoca Brands Sets Up Validator on Core Blockchain to Enhance Security and Decentralization
Animoca Brands Launches Validator on Core BlockchainCore, a Bitcoin-powered layer-one blockchain for EVM-compatible smart contracts, announced that Animoca Brands has launched a validator on the Core Chain. This move underscores Animoca...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0817; (P) 1.0824; (R1) 1.0838; More…. EUR/USD’s rise from 1.0665 resumed by breaking through 1.0844 temporary top and intraday bias is back on the upside for 1.0915 resistance. Firm break there will resume whole rally from 1.0601 and target 100%...
Four PSU banks pay Rs 6,481 cr dividend to Govt, BFSI News, ET BFSI
New Delhi, Four public sector banks, including Canara Bank and Indian Bank, on Wednesday presented dividend cheques worth Rs 6,481 crore to Finance Minister Nirmala Sitharaman for financial year 2023-24. "Smt @nsitharaman receives a dividend cheque of Rs 2,514.22...
Tech selloff may drive Magnificent Seven’s worst day since 2022 by this metric
Declines in Tesla, Nvidia and other large tech stocks could mean a $535 billion market-cap wipeout for the grouping.
NVIDIA Unveils AutoMate for Advancing Robotic Assembly Skills
In a significant stride towards enhancing robotic capabilities, NVIDIA has unveiled a new framework called AutoMate, aimed at training robots for assembly tasks across varied geometries. This innovative framework was detailed in a recent...
AUD/USD Mid-Day Report – Action Forex
Daily Pivots: (S1) 0.6735; (P) 0.6744; (R1) 0.6755; More... Intraday bias in AUD/USD remains on the upside as current rally continues to 61.8% projection of 0.6361 to 0.6713 from 0.6619 at 0.6837. Decisive break there could prompt upside acceleration through 0.6870...
The US stock indices are once again hitting highs. Oil rises amid falling inventories :: InvestMacro
By JustMarketsAt the end of Wednesday, the Dow Jones Index (US30) rose by 1.09%, and the S&P 500 Index (US500) gained 1.02%. The NASDAQ Technology Index (US100) closed yesterday 1.18% positive. The S&P 500 and Nasdaq 100 indices hit new all-time highs, while...
All India Bank Officers’ Confederation re-elects Rupam Roy as general secretary, ET BFSI
New Delhi, All India Bank Officers' Confederation (AIBOC), the largest officers' trade union, has re-elected Rupam Roy as general secretary. Balachandran P M was also re-elected president of AIBOC during 13th Triennial General Council Meeting held in Guwahati. The...
Intuitive Machines’ stock climbs 9.3%, on pace for longest winning streak since March
Shares of Intuitive Machines, which is currently up seven of the last 10 days, rose on no apparent news Thursday.
NFL open to private equity team ownership, Roger Goodell says
Roger Goodell, Commissioner of the NFL, after the morning-session at the Allen & Company Sun Valley Conference on July 10, 2024 in Sun Valley, Idaho.Kevork Djansezian | Getty ImagesThe National Football League is considering allowing minority private equity...
EUR/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 174.50; (P) 174.83; (R1) 175.45; More… EUR/JPY’s strong break of 173.50 support suggests that a short term top was formed at 175.41, on bearish divergence condition in 4H MACD. But there is no clear sign of trend reversal yet. While deeper pullback...
Euronext announces launch of its new London-based microwave service EWIN
Pan-European market infrastructure Euronext today announced the successful launch of its new London-based microwave service, the Euronext Wireless Network (EWIN). Euronext is the first exchange in Europe to offer “Plug & Play” order entry in London via microwave...
Free checking isn’t free: How your bank could be stiffing you out of $831 a year
Low-paying checking accounts cost Americans $103 billion in lost interest.
Pantera Capital Welcomes Mason Nystrom as New Team Member
Pantera Capital Expands Team with Industry ExpertPantera Capital, a leading blockchain investment firm, has announced the addition of Mason Nystrom to its team, according to Pantera. The move is expected to bolster Pantera's capabilities...
Registration for 1,500 Apprentice posts begins, direct link here, ET BFSI
The Indian Bank has commenced the registration process for the post of Apprentice under the Apprentices Act, 1961. Interested and eligible candidates can visit the official website of Indian Bank, indianbank.in, to complete the registration. The bank is conducting...
ECB Preview – Holiday Season
The ECB meeting next week is expected to be largely a stock taking meeting and not a place to send new policy signals. The meeting by meeting and data dependent approach is clear and Lagarde has highlighted that the profit, wages and productivity data will be key,...
SoundHound’s stock pops again en route to best two-day stretch since March
The company recently announced live voice-assistant integrations with carmakers in Europe.
Japanese Yen Faces Continued Decline Amid Interest Rate Differentials :: InvestMacro
By RoboForex Analytical DepartmentThe USD/JPY pair has risen to 161.65, with the market cautious ahead of today’s US consumer price index release. Despite this, the yen remains weakened by the significant interest rate differential between the Bank of Japan (BoJ) and...
EUR/GBP Technical: Make the Pound Great Again
EUR/GBP has resumed its downward trajectory since the start of the year, now trading close to a 2-year low at 0.8320. Unfavourable political environment in France versus a newly formed Labour-led UK government that favours pro-growth policies may see further...
Retail securitisation market contracts 13% in Q1, may emerge stronger in FY25, ET BFSI
The retail asset securitisation market for Q1FY25 contracted by around 13% compared to the same period in the previous year likely due to surfeit of liquidity available with originators."In Q1FY25, the market witnessed a total volume of approximately Rs 48,000 crore,...
Trump could ‘seek vengeance’ on Powell, Fed for September rate cut
If Federal Reserve Chairman Jerome Powell and his fellow board members “proceed with an interest rate cut in September, expect Trump and Republican lawmakers to seek vengeance.”
Banks get closer to releasing deposits of stranded customers
Oscar Wong | Moment | Getty ImagesThere may be relief for the thousands of Americans whose savings have been locked in frozen fintech accounts for the past two months.Banks involved in the mess caused by the collapse of fintech intermediary Synapse have made progress...
Fireblocks Partners with CloudTech, Zodia Custody, Zerocap, Rakkar, and Komainu for Global Custodian Program
Fireblocks has officially announced the first partners for its Global Custodian Partner Program, including CloudTech Group, Zodia Custody, Zerocap, Rakkar, and Komainu. This initiative aims to address the evolving regulatory landscape...
June CPI: September Rate Cut Incoming
Summary This morning’s CPI report was arguably the most encouraging one the FOMC has received since it began its inflation fight nearly two and a half years ago. Consumer prices declined by 0.1%, led lower by a drop in energy prices and a modest increase in food...
Ether could jump 90% following ETF approvals, even if the funds lack popularity of bitcoin
Ether ETFs, which could arrive as soon as next week, are unlikely to see as much demand as their bitcoin counterparts. However, they are still likely to drive up ether’s price by up to 90%.
LSE to implement new listing rules in line with FCA requirements
The London Stock Exchange (LSE) today confirmed amendments to its Admission and Disclosure Standards that will apply following changes to the Listing Rules announced by the Financial Conduct Authority (FCA) on 11 July 2024 and due to become effective on 29 July 2024....
Biden election bid teeters as Democratic senator urges drop out
US President Joe Biden walks to the White House in Washington, DC, on July 7, 2024, after attending campaign events in Pennsylvania. Chris Kleponis | Afp | Getty ImagesPresident Joe Biden is set to face reporters at a potentially make-or-break solo press conference on...
Satin Creditcare Network raises 15 million euros from Development Bank of Austria, ET BFSI
Microfinance company Satin Creditcare Network has raised 15 million euros in debt from OeEB – Oesterreichische Entwicklungsbank AG – the Development Bank of Austria.The external commercial borrowing with a tenure of five years is raised at a rate linked to Euribor and...
EOS Network Introduces EOS EVM 1.0 with Dynamic Gas Fee Model
The EOS Network Foundation (ENF) has unveiled EOS EVM 1.0, a landmark upgrade introducing a dynamic gas fee model and compatibility with Ethereum's London and Shanghai upgrades, according to eosnetwork.com. Key Features of EOS EVM 1.0 The...
India widens use of foreign currency accounts in GIFT City, BFSI News, ET BFSI
By Jayshree P UpadhyayMUMBAI - Indians have been allowed wider usage of foreign currency accounts at the Gujarat International Finance Tec-City, or GIFT City, boosting business prospects for a finance hub pushed by Prime Minister Narendra Modi.GIFT City, launched in...
Jobless claims drop sharply to lowest level since late May
The weekly decline in claims is the highest since last September.
GBP/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 206.68; (P) 207.25; (R1) 208.34; More… GBP/JPY’s steep decline and strong break of 206.12 support suggest that a short term top is formed at 208.09, on bearish divergence condition in 4H MACD. While deeper decline cannot be ruled out, downside...
Money Laundering in Cryptocurrency: Trends and Detection Techniques
Money laundering in the cryptocurrency ecosystem is evolving, encompassing a wide range of illicit activities. According to Chainalysis, the latest research delves into the complexities of crypto-based money laundering and introduces...
Stock indexes hint at Euro 2024 winners? :: InvestMacro
UK100 index has risen 6.2% so far this yearMarkets predict SPN35 can climb another 18.7% within 12 monthsMarkets predict UK100 can climb another 14.4% within 12 monthsSpain favoured to beat England in Euro 2024 finalEngland and Spain are set to battle it out for...
Conagra’s stock drops after sales miss as frozen, refrigerated food prices fall
Conagra Brands’ stock slumped Thursday, after the parent of food brands including Healthy Choice, Boomchickapop, Duncan Hines and Birds Eye reported quarterly revenue that fell short of forecasts and provided a downbeat profit outlook.
Dispute at Bandhan Employees Welfare Trust grows, ET BFSI
Members of the Bandhan Employees’ Welfare Trust have escalated their agitation against Bandhan founder Chandra Shekhar Ghosh and the Trust’s management, seeking legal help to fight for their rights allegedly violated. They are also alleging possible misappropriation...
Will Nirmala Sitharaman under-promise and over-deliver in Budget? BofA predicts, ET BFSI
In her seventh consecutive Union Budget presentation, Finance Minister Nirmala Sitharaman may deliver an effective tax rate cut, higher subsidy for cooking gas, interest rate subvention for rural and urban housing, special assistance to states, and wider subsidized...
Fed Sep Cut Now Realistic after US CPI; Japan Intervenes to Boost Yen?
Dollar tumbled sharply in early US session following lower-than-expected consumer inflation readings. Headline CPI showed its first month-over-month decline since early 2023, while core CPI annual rate unexpectedly slowed to its lowest level since April 2021. Now, a...
HSBC India and British Council launch ‘Climate Skills
HSBC India and British Council, on Thursday announced the launch of the "Climate Skills: Seeds for Transition India" project in a partnership. The programme is part of the British Council’s long-term international effort to establish a global climate skills approach...
Why AMD’s stock has been on a recent tear — and how it can keep cruising
AMD shares could continue to benefit from upbeat PC-chip trends and more realistic AI-revenue expectations, according to an analyst.
PepsiCo (PEP) earnings Q2 2024 earnings
Pepsi bottles with new and previous logos are seen at the grocery store in Las Vegas, United States on November 17, 2023.Jakub Porzycki | Nurphoto | Getty ImagesPepsiCo reported mixed quarterly results Thursday, hurt by declining demand in North America for its drinks...
FINRA fines FNBB Capital Markets for alleged rule violations
FNBB Capital Markets, LLC has agreed to pay a fine of $30,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). Between June 2020 and September 2023, FNBB issued 121 non-institutional customer confirmations for municipal transactions....
US initial jobless claims falls to 222k vs exp 239k
US initial jobless claims fell -17k to 222k in the week ending July 6, below expectation of 239k. Four-week moving average of initial claims fell -4k to 233.5k. Continuing claims fell -4k to 1852k in the week ending June 29. Four-week moving average of continuing...
BNB Incubation Alliance Names Winners in Brussels Event
The BNB Incubation Alliance (BIA) event held in Brussels on July 8-9, 2024, concluded with the announcement of its winners, according to the BNB Chain Blog. The event aimed to support and accelerate the growth of promising early-stage...
Residents can open foreign currency a/cs at GIFT City under LRS, ET BFSI
Resident Indians can open foreign currency accounts (FCA) at Gift City under the liberalized remittances scheme (LRS) even for sending gifts to friends abroad, buy property abroad, buy insurance, make fixed deposits, education loan payments, and also fund for overseas...
PM Modi met with eminent economists and took their suggestions for Union Budget 2024, ET BFSI
New Delhi [India], July 11 (ANI): In preparation for the Union Budget 2024, Prime Minister Narendra Modi convened a meeting with economists and sectoral experts on Thursday.This meeting, which also saw the participation of Finance Minister Nirmala Sitharaman, was a...
Investors stay subdued as China prepares to outline plans for economy
The Chinese Communist Party is set to outline its plans for the future of China’s economy at its upcoming Third Plenum meeting which starts on July 15
FanDuel, DraftKings prepare for gambling rise
The Olympic Rings being placed in front of the Eiffel Tower in celebration of the French capital won the hosting right for the 2024 Summer Olympics.Sopa Images | Lightrocket | Getty ImagesSportsbooks and daily fantasy operators are preparing for a Summer Olympics...
GBP/USD: Stronger than Expected UK GDP Numbers Lift Cable to Four-Month High
Cable hit new four-month high in European trading on Thursday, lifted by better than expected UK May GDP numbers, which poured cold water on expectations for BoE rate cut next month. Fresh strength broke through pivotal barriers at 1.2846/60 (200WMA/former top June...
Court dashes EminiFX owner’s attempt to dismiss CFTC case
Eddy Alexandre, owner and operator of EminiFX, has failed to secure dismissal of the CFTC case against him and his firm. The relevant order was signed by Judge Valerie E. Caproni of the New York Southern District Court on July 10, 2024. This case arises out of Eddy...
Fiscal Consolidation to pace up, focus on Viksit Bharat, says Morgan Stanley, ET BFSI
The policy-makers will continue to focus on fiscal prudence, in an attempt to align with the medium-term fiscal deficit target of 4.5 per cent of GDP by FY26, highlighted a latest report by Morgan Stanley.A narrower-than-expected fiscal deficit for FY24 at 5.6 per...
Vista Outdoor again urges shareholders to vote for sale of ammunition business to CSG
Vista Outdoor Inc. on Thursday urged shareholders to vote in favor of its proposal to sell its Kinetic Group ammunition business to the Czechoslovak Group, a Czech conglomerate, at a coming special meeting.
Too young for an iPhone? Apple promoting Apple Watch for kids
A shopper holds an Apple Watch Series 8 on sale at the company's Fifth Avenue store in New York, Sept. 16, 2022.Jeenah Moon | Bloomberg | Getty ImagesApple is trying a new tactic to get its products in the hands of younger users.The iPhone maker on Wednesday launched...
Banks and MFs increase debt exposure to NBFCs amidst market growth, ET BFSI
In a notable trend, mutual funds' debt exposure to Non-Banking Financial Companies (NBFCs), including Commercial Papers (CPs) and Corporate Debt, remained above the ₹2 lakh crore mark for the second consecutive month, touching ₹2.09 lakh crore in May 2024. This marks...
Japan Boosts AI Sovereignty with Cutting-Edge ABCI 3.0 Supercomputer
Enhancing Japan’s AI sovereignty and strengthening its research and development capabilities, Japan’s National Institute of Advanced Industrial Science and Technology (AIST) will integrate thousands of NVIDIA H200 Tensor Core GPUs into...
Audi, Inter Miami CF strike multiyear partnership
Volkswagen-owned Audi has struck a multiyear partnership with Inter Miami CF as the team's official automotive partner.Courtesy: AudiAudi is driving up its sports investments and becoming the official automotive partner of Inter Miami CF.The Volkswagen-owned company...
Pound on the Offensive – Action Forex
Positive news for the Pound, beyond the fact that England will play in the Euro-24 final. The monthly estimate showed that the economy grew by 0.4% in May (twice as much as expected) and that growth in the last three months accelerated to 1% year-on-year. That’s the...
Delta Air Line’s stock falls after a profit miss and a downbeat revenue outlook
Delta Air Lines’ stock took a dive toward a four-month low in premarket trading Thursday, after the air carrier reported second-quarter profit and load factor that missed expectations, and provided a downbeat revenue outlook.
Italy’s CONSOB orders blocking of websites of OneCapital CFDS and Algobot24
Italy’s Companies and Exchange Commission (CONSOB) has issued orders for the blocking of five unauthorised investment websites. In issuing the orders, the Authority availed itself of the powers deriving from the “Decreto crescita” (“Growth Decree”; Law no. 58 of 28...
Indian shares drop on profit booking, banks’ drag, ET BFSI
By Bharath RajeswaranBENGALURU -Indian shares reversed course to trade lower on Thursday, dragged by heavyweight bank stocks on earnings worries and due to profit-booking with the benchmarks near record highs.The NSE Nifty 50 fell 0.29% to 24,256.8 as of 11:17 a.m....
Microfinance industry seeks enhanced funding, tax holiday benefit, ET BFSI
The microfinance industry wants n the government to provide additional funding and support, particularly for smaller microfinance institutions (MFIs) with portfolios below Rs 1,000 crore, in the Union Budget.Industry players emphasise the need to upgrade many...
Market Analysis: EUR/USD Jumps, USD/JPY Bulls Seem Unstoppable
EUR/USD is climbing higher above the 1.0800 level. USD/JPY surged above the 160.00 and 161.40 resistance levels. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro started a decent increase above the 1.0780 pivot level. There is a key bullish trend...
There’s a very short window to bet against the dollar, says Goldman Sachs.
Should inflation behave as economists expect, there may be a window — a very brief window — to bet against the U.S. dollar, according to a senior Goldman Sachs strategist.
Pfizer weight loss pill moves forward as once-daily version
Sopa Images | Lightrocket | Getty ImagesPfizer on Thursday said it will move forward with a once-daily version of its weight loss pill, danuglipron, after it saw "encouraging" data in an ongoing early-stage trial.The company evaluated several once-daily formulations...
Helping Philadelphia Area Businesses Export with Thomas Young » Succeed As Your Own Boss
In this episode, Melinda Emerson introduces Thomas Young and explores the World Trade Center Association and STEP Grants. They discuss exporting challenges, success strategies, and financing international deals. Thomas shares his best business advice. Thomas Young is...
HKMA Announces Senior Staff Changes: Raymond Li to Retire, Colin Pou to Succeed
The Hong Kong Monetary Authority (HKMA) has announced significant changes in its senior staff, effective December 26, 2024. According to the official statement, Mr. Raymond Li, currently serving as the Chief Executive Officer (CEO) of The...
Hong Kong Mortgage Corporation Appoints Colin Pou as New CEO
The Hong Kong Mortgage Corporation Limited (HKMC) has announced the appointment of Colin Pou Hak Wan as its new Chief Executive Officer (CEO), effective December 26, 2024. This decision comes as Raymond LC Li, the current CEO, prepares to...
UBS recommends these options trades to sponge off rival earnings reports
UBS offers a strategy to profit from what they call “gamma rentals” — the idea of earning income by profiting off the volatility rather than the direction of the underlying asset
Deutsche Bank, former derivatives trader agree on dismissal of malicious prosecution lawsuit
Deutsche Bank and Matthew Connolly have agreed to dismiss the malicious prosecution lawsuit brought by the former trader. This becomes clear from a document filed by Connolly on July 10, 2024, at the New York Southern District Court. The Stipulation of Voluntary...
Markets Awaiting US Inflation Data: What is the Probability of Trend Reversals?
The major currency pairs are in a holding pattern following the release of the latest US labour market data and Jerome Powell’s testimony before Congress. The Fed Chair noted that the Federal Reserve has made “significant progress” in its mission to combat inflation,...
Discount brokers grow client base as demat accounts hit 162 mln in June, ET BFSI
In June 2024, the total number of demat accounts in India reached 162 million, witnessing a significant jump of 4.2 million new accounts, with an average of 3.4 million accounts added monthly so far in FY25, according to Motilal Oswal Financial Services.The Central...
Delta Air Lines (DAL) earnings Q2 2024
Nurphoto | Nurphoto | Getty ImagesDelta Air Lines on Thursday forecast record revenue for the third quarter thanks to booming summer travel demand, but its earnings forecast fell short of analysts' estimates.Shares of Delta fell about 7% in premarket trading. Here's...
PM Modi invites Austrian companies to invest in India, BFSI News, ET BFSI
Vienna, Prime Minister Narendra Modi on Wednesday invited Austrian companies to invest in India as he highlighted the potential for bilateral collaborations in infrastructure, energy, emerging technologies and other sectors. Modi arrived here from Moscow after meeting...
‘She lives in squalor’: My mother, 90, says I want to commit her to an ‘insane asylum’ so I can take all her assets — yet her doctor says she’s fine. What now?
“She’s had an untreated abscessed tooth for over a year and she’s been scammed out of more than $5,000.”
Crypto Lacks Bulls – Action Forex
Market picture It seems that all the market bulls have moved on to US and Japanese equities, avoiding cryptocurrencies. The cryptocurrency market failed to break out of its consolidation, and its capitalisation rolled back 1.3% to $2.13 trillion, inside the range from...
Exclusive: BP Prime (Black Pearl Securities) Managing Director Zuzana Hashemi departs
FNG Exclusive… FNG has learned that Zuzana Hashemi has left her position as Managing Director of London/Dubai based Retail FX and CFDs broker BP Prime. BP Prime is operated by FCA regulated Black Pearl Securities Limited, and focuses on HNW and professional clients....
RBI’s new diktat lowers loan costs for you, but banks lose hundreds of crores, 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...
Muthoot re-taps May bond to raise $100 million, ET BFSI
Muthoot Finance has re-tapped its May bond issue, raising an additional $100 million from offshore investors. This re-tap involves a 7.125% bond due in 2028, with a final price guidance of 6.73%.Deutsche Bank and Standard Chartered were the arrangers for this...
Google Announces Major Updates for Samsung Devices, Including Wear OS 5 and YouTube TV Multiview
Google has announced a series of significant updates for Samsung devices, according to a recent blog post. These updates were unveiled during the I/O event and are set to enhance both performance and user experience across a range of...
IEA trims oil-demand outlook for 2025 as it sees supplies rising further next year
The Paris-based agency says demand for oil be lower next year, while supplies continue to grow.
USD/CAD Price Outlook: 200-day MA Holds Ahead of US CPI Release
USD/CAD has been range-bound, reflecting US Dollar Index consolidation and potential rate differential between Canada and the US. Canada’s volatile inflation and struggling labor market increase pressure on the Bank of Canada (BoC). USD/CAD is positioned between key...
APAC takes lion’s share of wealth growth, spiraling debt a concern: Report, ET BFSI
Wealth in Asia-Pacific has grown rapidly, but debt has spiraled upwards as well, while a few major markets saw their wealth contract, bucking the global trend, highlighted a latest report by UBS.Over the past 15 years, it is Asia-Pacific that takes the lion’s share of...
Emerging variable in monetary policy, BFSI News, ET BFSI
The late arrival of the monsoon after a period of intense heat waves is likely to weigh on June inflation data when it is issued on Friday. Inflation for the month is likely to rise 5% year-on-year, higher than the trend expected earlier in the month, according to a...
Robert Redford’s wife is selling this idyllic cabin retreat in Sundance, Utah, for $3.9 million
The charming home showcases Mount Timpanogos views from every room and includes an art studio.
Apple reaches deal with EU to open up mobile payments system to rivals
The European Union flag displayed on a mobile phone screen in front of the Apple logo on July 2, 2024.Anadolu | Anadolu | Getty ImagesLONDON — EU antitrust regulators on Thursday accepted commitments from Apple to allow access to its tap and go payments technology to...
Liquidnet appoints Jeffrey Crane as Head of International in the Americas
Liquidnet, a technology-driven agency execution specialist, today announced the appointment of Jeffrey Crane as Head of International in the Americas. This hire comes as Liquidnet continues to invest in its cross-border business, currently available in 57 global...
Costco hikes membership fee for the first time since 2017
Customers exit a Costco store in Teterboro, New Jersey, on June 28, 2023.Kena Betancur | Corbis News | Getty ImagesYou will soon have to pay more if you want to shop at Costco.The membership-based warehouse club said Wednesday that it will increase its membership fee...
BNP Paribas, Mistral AI ink partnership deal, BFSI News, ET BFSI
BNP Paribas has entered into a comprehensive partnership agreement with Mistral AI, covering all its current and future commercial models, the French bank said on Tuesday.The deal, which expands a relationship that started in September, will see BNP Paribas implement...
AUDUSD Posts a Fresh 6-month High
AUDUSD breaks decisively above sideways pattern The price jumps to its highest since January 2024 Oscillators are flagging overbought conditions AUDUSD had been trading in a neutral range for more than two months, unable to adopt a clear directional impetus. However,...
7-Eleven owner posts profit drop on weak North American earnings
Seven & i Holdings reported a drop in first-quarter net profit as its overseas convenience-store business deteriorated sharply, partly due to higher costs of products and labor in the U.S.
Binance Introduces Astar (ASTR) on Simple Earn Locked Products
Binance, a leading cryptocurrency exchange, has announced the addition of Astar (ASTR) to its Simple Earn Locked Products. According to Binance, users can earn up to 19.9% APR rewards by subscribing to ASTR on Simple Earn Locked Products...
Why RBI should be concerned about climate change, BFSI News, ET BFSI
June inflation figures are scheduled to be released on Friday. A delayed start to the southwest monsoon and prolonged heat wave is likely to have pushed June inflation for India to 5% year-on-year, higher than the trend anticipated earlier in the month according to a...
G2 Summer 2024 Reports: 101 Blockchains Earned Record-breaking 34 Badges
G2 has published its Summer 2024 Reports with rewards for some of the top software solution providers in various categories. 101 Blockchains has achieved 34 badges in the G2 Summer 2024 Reports, including the ‘Users Love Us’ badge. We have built our reputation as a...
NATO condemns China as a ‘decisive enabler’ of Russia’s war in Ukraine
The NATO logo seen during the coalition's summit in Washington D.C. on July 10.Nurphoto | Nurphoto | Getty ImagesIn NATO's most serious denunciation of China to date, the military coalition labeled Beijing a "decisive enabler" of Russia in its ongoing war in Ukraine...
Startup investment climate needs capital gains tax relief, CFOs say, ET BFSI
Not just India hosts the third-largest startup ecosystem globally with over 1,41,780 DPIIT-recognised startups, but it also has generated over 12.42 lakh direct jobs. As the Union Budget 2024 is set to be released by the Finance Minister on July 23rd, startups are...
NASA still expects Starliner to return astronauts from ISS
NASA astronauts Butch Wilmore (R) and Suni Williams, wearing Boeing spacesuits, depart the Neil A. Armstrong Operations and Checkout Building at Kennedy Space Center for Launch Complex 41 at Cape Canaveral Space Force Station in Florida to board the Boeing CST-100...
State Street Global Advisors launches Gold Fund
State Street Global Advisors, the asset management business of State Street Corporation (NYSE:STT), today announced the launch of the State Street Gold Fund, a new unlisted managed fund in Australia. The State Street Gold Fund seeks to track the performance of the...
Confronting Your Past | YNAB
This post is adapted from YNAB's twice-monthly newsletter, Loose Change. There’s this person that keeps following you around the store. Don’t freak out; it’s not a stranger and they mean you no harm. It’s your past. 👋“Oh hey, remember how you majored in philosophy?...
Rupee to inch up before US inflation print, tracking Asian peers, ET BFSI
By Nimesh VoraMUMBAI - The Indian rupee is poised to open marginally higher on Thursday, in the wake of an uptick on Asian peers before data that may be key to the Federal Reserve cutting or holding rates at its September meeting. Non-deliverable forwards indicate the...
Japanese Yen Faces Continued Decline Amid Interest Rate Differentials
The USD/JPY pair has risen to 161.65, with the market cautious ahead of today’s US consumer price index release. Despite this, the yen remains weakened by the significant interest rate differential between the Bank of Japan (BoJ) and the Federal Reserve. Earlier this...
Costco stock rallies after membership fees raised for first time in 7 years. But high expectations could limit gains, analyst says.
The warehouse retailer gave the investing world what it wanted — announcing its first fee hike on millions of its shoppers since 2017.
Musk says next Neuralink brain implant expected in ‘next week or so’
Jonathan Raa | Nurphoto | Getty ImagesElon Musk said Wednesday that his brain tech startup Neuralink hopes to implant its system in a second human patient within "the next week or so." Executives also said the company is making changes to address the hardware problems...
Fed would not wait for 2% inflation to consider rate cut: Powell, ET BFSI
Washington, Jul 10, 2024 -The US central bank will not want to wait for inflation to cool to its two percent target before considering a rate cut, Federal Reserve Chair Jerome Powell told lawmakers Wednesday."We've said that you don't want to wait until inflation gets...
Britain makes biggest overhaul of listing regime in decades
The U.K.’s Financial Conduct Authority outlined its new listing rules with a view to reinvigorating the country’s troubled capital markets via the biggest overhaul in decades
Samsung to launch upgraded Bixby this year with its own AI
TM Roh, head of Samsung's mobile division, discusses the artificial intelligence featues as part of Galaxy AI at the Galaxy Unpacked event in Paris, France on July 10, 2024.Arjun Kharpal | CNBCPARIS — Samsung will launch an upgraded version of its voice assistant...
FTC to sue PBMs over drug prices including insulin, source says
Federal Trade Commission Chair Lina Khan testifies during a hearing of the House Appropriations Subcommittee on Financial Services and General Government, May 15, 2024.Tom Williams | CQ-Roll Call, Inc. | Getty ImagesThe Federal Trade Commission is planning to sue...
Japan worried about ‘transactional’ Trump presidency, Pesek says
Prime Minister of Japan Shinz Abe, and U.S. President Donald Trump hold a joint press conference in the Rose Garden at the White House in Washington, D.C., on Thursday, June 7, 2018.Cheriss May | NurPhoto | Getty ImagesPesek said that the Japanese government had been...
Dollar Mixed with Inflation Data on Deck; Sterling Maintains Lead
Dollar weakened notably against Sterling and Aussie overnight, but held steady against other currencies. Market focus is now on the upcoming US consumer inflation data, with expectations of a slowdown in the headline CPI and steady core CPI. Fed Chair Jerome Powell’s...
Understanding Tokens and the Vision Behind Mocaverse
Tokens have emerged as a crucial element in the digital economy, offering a new means of ownership and value. According to Animoca Brands, tokens are not just efficient fundraising tools or utility constructs for virtual environments;...
FCA makes biggest changes to UK listing regime in over three decades
In rules published today, the UK Financial Conduct Authority (FCA) has set out a simplified listings regime with a single category and streamlined eligibility for those companies seeking to list their shares in the UK. The overhaul of listing rules better aligns the...
Binance to Introduce New Trading Pairs and Trading Bots Services
Binance, a leading cryptocurrency exchange, has announced the addition of new trading pairs and trading bots services to its platform. According to a recent announcement from Binance, the trading pairs 1000SATS/USDC and IO/USDC will be...
Piramal Capital raises $100-million social loan, BFSI News, ET BFSI
Piramal Capital & Housing Finance raised its maiden dollar syndicated social loan of $100 million (₹835 crore). The entire loan is pre-funded by Standard Chartered Bank and the foreign lender is expected to syndicate the loan in the next few months.The loan has a...
SBI Report, BFSI News, ET BFSI
The recent KLEMS [capital (K), labour (L), energy (E), material (M) and services (S)]data by the Reserve Bank of India and the ASUSE (Annual Survey of Unincorporated Sector Enterprises) employment numbers of the government broadly match, SBI Research said in its...
Fiscal Consolidation to pace up, focus on Viksit Bharat, says Morgan Stanley, ET BFSI
The policy-makers will continue to focus on fiscal prudence, in an attempt to align with the medium-term fiscal deficit target of 4.5 per cent of GDP by FY26, highlighted a latest report by Morgan Stanley.A narrower-than-expected fiscal deficit for FY24 at 5.6 per...
New jobs created in Indian economy in 2014-23 jump over 4-fold compared to 2004-14: SBI study, ET BFSI
New Delhi, As many as 12.5 crore jobs have been created in the Indian economy during the financial years 2014-23, which represents an over four-fold jump from the 2.9 crore jobs created during 2004-14, according to a State Bank of India (SBI) study."Even if we exclude...
Goldman Sachs expand crypto offerings, to launch three tokenization projects by year end
Goldman Sachs intends to expand its crypto offerings, set to launch three tokenization projects by the end of the year.The firm's digital assets global head Mathew McDermott spoke with Fortune (gated). In brief:Goldman Sachs is set to launch three tokenization...
FX option expiries for 11 July 10am New York cut
There are just a couple to take note of on the day, as highlighted in bold.The first being for USD/CHF at the 0.8950 level. It isn't one that holds any technical significance but could hold any downside pressure as it coincides with the weekly pivot. The ceiling for...
Wall Street is becoming more skeptical of artificial-intelligence hype helping to power stocks
After 18 months of hyping up artificial intelligence and its potentially transformative impact on both corporate profits and human productivity, Wall Street appears to be turning more skeptical.
RBI permits banks to use ratings of Brickwork Ratings subject to conditions, ET BFSI
The Reserve Bank of India has permitted banks to use the ratings of Brickwork Ratings India Private Limited, two years after the central bank had instructed its regulated entities that no fresh ratings would be obtained from the firm, which was pulled up by regulators...
NVIDIA Explores Cyber Language Models to Enhance Cybersecurity
General-purpose large language models (LLMs) have demonstrated their utility across various fields, particularly in text generation and complex problem-solving. However, their limitations become apparent in specialized domains like...
Republicans say that limiting immigration will help reduce inflation. Economists aren’t so sure.
Securing the border and undertaking “the largest deportation operation in American history” are key focuses of the Republican Party’s new plan to “quickly bring down all prices” for inflation-hit consumers and businesses. But economists say that these policies may not...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8965; (P) 0.8978; (R1) 0.8991; More… USD/CHF is staying in range of 0.8942/9049 and intraday bias remains neutral. As noted before, rebound from 0.8825 could have completed at 0.9049, after rejection by falling channel resistance. Below 0.8942...
The stock market now is ‘numb to all news’ — but the trend is still your friend
The U.S. market is due for a correction, this veteran trader says — but he’s staying invested.
HubSpot shares plunge 13% on report that Alphabet is shelving interest
HubSpot shares plunged 13% on Wednesday after a report said Alphabet isn't going forward with plans to buy the software company.According to Bloomberg, Alphabet was in talks with HubSpot earlier this year, "but the sides didn't reach a point of detailed discussions...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 160.85; (P) 161.18; (R1) 161.63; More… USD/JPY is still staying in range below 161.95 and intraday bias remains neutral. Further rally is expected with 160.25 minor support intact. On the upside, break of 161.94 will resume larger up trend to 61.8%...
The RBNZ kept the interest rate at 5.5%. In China, inflationary pressures are easing. :: InvestMacro
By JustMarkets At Tuesday’s close, the Dow Jones (US30) Index was down 0.13%, while the S&P 500 (US500) Index added 0.07%. The NASDAQ Technology Index (US100) closed positive 0.14%. Stock indices showed mixed performance on Tuesday, with the S&P 500 (US500)...
They don’t make $1.8 million houses like they used to: Home inspectors use TikTok to reveal ‘shoddy’ new homes
In TikTok videos, home inspectors are highlighting flaws in newly built homes, some of which can cost upwards of $1 million.
Anthropic Introduces Enhanced Prompt Evaluation Tools for AI Developers
Anthropic, a leader in AI development, has unveiled new tools aimed at enhancing the prompt generation and evaluation process for AI developers. These features are designed to speed up development and improve the quality of AI-powered...
Senators strike bipartisan deal for Congress ban on stock trading
Senator Jeff Merkley (D-OR) speaks alongside members of the U.S. Senate Banking, Housing, and Urban Affairs Committee during a news conference to discuss the details of the Ending Trading and Holdings in Congressional Stocks (ETHICS) Act at the U.S. Capitol in...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2768; (P) 1.2797; (R1) 1.2815; More… Intraday bias in GBP/USD remains neutral as consolidation continues below 1.2845. Further rally is expected as long as 55 4H EMA (now at 1.2752) holds. Firm break of 1.2859 will resume the rally from 1.2298 and...
Cannabis ballot measures brewing in North Dakota, Nebraska and Arkansas: reports
Proposals range from adult-use pot to introduction of a medical-cannabis program.
What the Supreme Court’s ruling in SEC v. Jarkesy means for investors :: InvestMacro
By D. Brian Blank, Mississippi State University and Brandy Hadley, Appalachian State University A recent Supreme Court ruling has gotten a lot of attention for how it could reshape government. What’s gotten much less attention is how it could affect markets.As finance...
Foreign banks’ dealing rooms buzz with G-Sec trades as PSBs mind their gap, ET BFSI
Public sector banks, the traditional heavyweights in bond trading, are ceding ground to foreign lenders as a scramble for deposits compels state-owned players to liquidate bond holdings while the international players aggressively court rising global interest in local...
While Carvana’s stock is soaring, bondholders see a good time to exit
Carvana, which almost went out of business in 2022, has staged an impressive turnaround.
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 as consolidation continues below 1.0844. Further rally is in favor as long as 55 4H EMA (now at 1.0789) holds. On the upside, above 1.0844 will resume the rebound from...
Sublime Systems says cement is being made with zero carbon emissions
Next to water, concrete is the most commonly used material on earth. But the traditional way to create its prime ingredient, cement, is not kind to the planet.The global cement production industry accounts for about 8% of carbon emissions annually. It's usually made...
Ethereum Foundation Unveils Devcon 2024 Details: Ticket Sales, Speaker Applications, and More
The Ethereum Foundation has released comprehensive updates for Devcon 2024, which will take place in Bangkok from November 12-15. The event promises to be a significant gathering for the Ethereum community, featuring ticket sales, speaker...
Ashley Biden diary thief arrested before jail surrender date
Aimee Harris, right, walks out of Manhattan federal court, Tuesday, April 9, 2024, in New York.Larry Neumeister | APA Florida woman was arrested Monday in Georgia on motor vehicle, marijuana, and other state charges just one day before her scheduled voluntary...
These bitcoin miners are expanding into AI. Why they may be a good buy despite the crypto’s selloff.
A weekly look at the most important news and moves in crypto, and what’s on the horizon in digital assets.
Exclusive: Prospero Markets losses topped $25M, liquidators expect full client refunds
FNG Exclusive… FNG has learned that BRI Ferrier, the firm hired to oversee the liquidation of (formerly ASIC licensed) Retail FX and CFDs broker Prospero Markets in Australia, has completed its first review and Statutory Report to Creditors about Prospero, unveiling...
GitHub’s Accessibility Team Tackles Challenges in Creating Accessible Drag-and-Drop Lists
Drag-and-drop functionality is a staple in modern web interfaces, used for tasks such as uploading files, reordering bookmarks, and organizing content. However, making this feature accessible to all users, including those with...
New Zealand Dollar Takes a Tumble After RBNZ’s Dovish Tone
The New Zealand dollar is sharply lower on Wednesday. NZD/USD is trading at 0.6081 in the European session, down 0.72% on the day at the time of writing. RBNZ’s dovish tone raises rate cut expectations The Reserve Bank of New Zealand held the cash rate at 5.50% at...
Kerala Bank records net profit of Rs 209 crore this year, says Minister V N Vasavan, ET BFSI
Thiruvananthapuram, Kerala Bank has posted a net profit of Rs 209 crore in the year 2023-24, with deposits, loans and overall business showing a rising trend, state Cooperation Minister V N Vasavan said on Monday. Vasavan was responding to a submission moved by Leader...
Privatization is taking over Medicare — and it cost taxpayers an extra $61 billion last year
Privatization is taking over Medicare — and it’s a poor deal for the rest of us
Treasure Tapper Introduces QUESTS: Unlock Rewards with New Items and Experiences
Treasure Tapper, the popular tapping crypto game, has unveiled a significant new feature called QUESTS, which offers players the opportunity to spend their tokens on a variety of luxurious items, exotic locations, and prestigious...
AUD/NZD: Kiwi Torpedoed by Surprise Dovish Tilt from RBNZ
The Kiwi is the worst intraday performer among the major currencies as it slumped to a 4-week low against the US dollar. A dovish tilt in the latest RBNZ monetary policy statement has triggered a narrowing of the yield discount between the 2-year Australian and New...
Expert Says Buy Copper :: InvestMacro
Michael Ballanger of GGM Advisory Inc. shares his thoughts on the current state of copper and gold and explains his positions in some stocks. When I started writing a newsletter decades ago, I did so for two reasons. The first was to condense communication to one...
AU Small Finance Bank shares tumble over 4% as total deposits decline QoQ, ET BFSI
Shares of AU Small Finance Bank fell 4.25% to the day’s low of Rs 644 on the BSE after the bank reported a marginal decline of 0.4% quarter-on-quarter (QoQ) in its total deposits, amounting to Rs 97,290 crore for the first quarter ended June 2024.The company's CASA...
NASA astronauts ‘confident’ in Boeing Starliner’s ability to get them home safely
NASA astronauts Butch Wilmore and Suni Williams are confident in the ability of Boeing Co.’s Starliner spacecraft to bring them back to Earth in an emergency despite ongoing tests into issues with the spacecraft that have extended their stay on the International Space...
Weak Inflation in China Clears the Way for Global Easing
China’s consumer inflation slowed from 0.3% y/y to 0.2% instead of the expected acceleration to 0.4%, bringing investors’ attention back to weak demand. Meanwhile, manufacturing price deflation slowed from -1.4% y/y to -0.8% y/y, staying in negative territory for the...
George Clooney calls on Biden to drop out of presidential race
U.S. President Joe Biden and former U.S. President Barack Obama share a laugh during a star-studded campaign fundraiser at the Peacock Theater in Los Angeles, California, U.S., June 15, 2024. Kevin Lamarque | ReutersHollywood superstar George Clooney said Wednesday...
AMD looks to ‘move fast’ and swipe at Nvidia with its purchase of Silo AI
Acquiring Europe’s largest private AI lab is AMD’s most expensive AI-focused purchase so far.
Clearstream Banking to enhance its existing domestic link to Cyprus
Clearstream Banking has informed clients that it will enhance its existing domestic link to Cyprus effective 5 August 2024 with a direct participant account at the Cypriot CSD, Cyprus Stock Exchange. Citibank Europe PLC Greece Branch will continue as the operator of...
US hosts most millionaires, strong rise in wealth brackets: UBS Report, ET BFSI
The United States host 38 per cent of the world’s millionaires, Western Europe 28 per cent and China about 10 per cent, reveals the UBS ReportThe United States hosts the highest number of millionaires in the world according, nearly 22 million people. China is in...
Hong Kong Monetary Authority Announces Results of RMB Sovereign Bond Tenders
The Hong Kong Monetary Authority (HKMA) has announced the results of the tenders for RMB Sovereign Bonds held on July 10, 2024. The tenders, which featured 2-year RMB Bonds, were issued by the Ministry of Finance of the People's Republic...
RBI, BFSI News, ET BFSI
MUMBAI: RBI has raised concerns again over misuse of 'internal' accounts in some banks. The central bank's inspections have revealed that some internal accounts - which are used by a bank for its own operations - have been used as a conduit for fraud and...
GBPAUD Holds Above Key Support Area
GBPAUD consolidates above key support zone RSI and MACD detect negative momentum But a break below 1.8900 is needed to darken the outlook A rebound above 1.9350 may invite more bulls GBPAUD has been trading in a consolidative manner lately staying above the key...
Oil prices inch higher as crude stockpiles fall for a second straight week
Oil futures headed higher on Wednesday, finding support after official U.S. data revealed a weekly decline in crude inventories for a second week in a row.
Election deepfakes may undermine institutional credibility: Moody’s
With election season underway and artificial intelligence evolving rapidly, AI manipulation in political advertising is becoming an issue of greater concern to the market and economy. A new report from Moody's on Wednesday warns that generative AI and deepfakes are...
Supreme Court overturns Chevron, paves way for a ‘legal earthquake’
Four days after the Supreme Court ruled in the case of Loper Bright Enterprises vs. Raimondo, overturning the 40-year-old precedent known as the Chevron deference, the justices announced they would be sending nine cases back to lower courts in light of their...
Gold Prices Rise Amid Anticipation of Fed Rate Cut :: InvestMacro
By RoboForex Analytical DepartmentGold 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...
Visa and Mastercard shares draw downgrades as BofA analyst breaks from the pack
BofA sees a potentially more volatile regulatory landscape as well as limited valuation upside.
UK Data Eyed as Pound Celebrates Labour Win
Monthly GDP and production figures for June on tap Strong data might hurt August rate cut expectations Pound flirts with $1.28 ahead of Thursday’s release (06:00 GMT) Uptick in GDP expected The UK economy got off to a solid start this year, emerging strongly from a...
Bandhan Bank’s CS Ghosh bids adieu as MD & CEO, BFSI News, ET BFSI
Kolkata, Chandra Sekhar Ghosh, the Managing Director and CEO of Bandhan Bank, has announced his retirement from the post, expressing gratitude to the account holders for their support over the past nine years. In a letter addressed to the lender's customers, Ghosh...
Goyal, BFSI News, ET BFSI
New Delhi, Commerce and Industry Minister Piyush Goyal on Wednesday said both India and the UK are committed to the proposed free trade agreement (FTA) between the two countries. He said that the initial comments made by the new UK government are "very" encouraging....
Open Campus Launches Codex Hackathon Series with $1M Prizes to Boost EDU Chain Ecosystem
Open Campus, the decentralized education protocol backed by various launch partners including Animoca Brands, has announced the Codex Hackathon Series. This initiative features US$1 million worth of EDU tokens in prizes, aiming to...
Target won’t take your paper checks anymore, but these major retailers will. The humble check isn’t dead yet.
Target will stop accepting checks July 15, but several major retailers told MarketWatch they still take personal checks.
Everything launched at the event
Samsung launched two new foldable smartphones at its Unpacked event in Paris: the Galaxy Flip6 and the Galaxy Fold6.Arjun Kharpal | CNBCOn Wednesday, Samsung held its Unpacked Event, where it launched a slew of products.Here's a list of all the products the tech giant...
Sunset Market Commentary – Action Forex
Markets In today’s extremely dull trading session, some volatility in the New Zealand dollar, Norwegian krone and Czech koruna are keeping us somewhat entertained. You’ll find the latter two in the section down below. NZD is under pressure (NZD/USD 0.6078) following...
Pelosi refuses to say she supports Biden as the Democratic nominee
Former Democratic House Speaker Nancy Pelosi on Wednesday refused to explicitly endorse President Joe Biden as the party's presidential nominee, and encouraged her colleagues in Congress to pause from making public statements either for or against Biden."Let's just...
eToro expands list of assets available to trade during extended hours
Online broker eToro has expanded the list of investment instruments that can be traded during extended hours. eToro has added 19 new EXT instruments to its platform. This means traders will now have even more opportunities to seize the day. The latest additions...
Finmin ask private banks to give more thrust on serving the marginalised sections of society, ET BFSI
Financial Services Secretary Vivek Joshi on Tuesday chaired a review meeting on the progress of financial inclusion schemes with senior executives of private sector banks and exhorted them to give more thrust on serving the marginalised sections of the society and...
The Fed said it needs more low-inflation signs to cut interest rates. The CPI might deliver one.
The Federal Reserve isn’t going to cut U.S. interest rates until it gets a few more low inflation readings. It’s likely to get another one on Thursday.
BitMEX Introduces 100x Leverage for SOLUSD Perpetual Swap
BitMEX, a prominent cryptocurrency exchange, has announced that as of July 10, 2024, users can now trade the SOLUSD perpetual swap with up to 100x leverage. This new offering allows traders to significantly amplify their positions on the...
Samsung Galaxy Ring launch: Price, specs, feature, availability
The Samsung Galaxy Ring has the ability to track various health metrics such as heart rate. It is Samsung's first foray into the smart ring category of product as it hopes to keep users locked into its ecosystem of devices from smartwatches to smartphones.Arjun...
Hyderabad gets BFSI boost as global giants zero in for setting up GCCs, ET BFSI
HYDERABAD: In what is sure to cement Hyderabad’s standing as a global BFSI (banking, financial services and insurance) hub, nearly half a dozen BFSI biggies have acquired space in the city in the first half of 2024.This includes players such as Cigna Healthcare,...
BoE’s Pill warns of uncomfortable strength in underlying inflation
In a speech today, BoE Chief Economist Huw Pill highlighted that while it is “welcome news” that the UK’s headline CPI returned to 2% in May, it is crucial for the inflation target to be achieved on a “lasting and sustainable basis.” He emphasized three key indicators...
Alchemy Pay Expands Support to Chiliz (CHZ) Chain and Fan Tokens
Alchemy Pay, the global leader in fiat-crypto payment gateways, has announced an expansion of its support to Chiliz (CHZ) Chain, according to Chiliz. This strategic move integrates Alchemy Pay's services with the Chiliz ecosystem,...
AI Data Centers, EVs to Lead New Surge in Energy Demand :: InvestMacro
Source: Streetwise Reports (7/9/24)With Electric Vehicles (EVs) and a swarm of new products requiring more power, experts agree that a surge in demand is coming, and soon. Here are several companies that can get you exposure to this important and growing resource.With...
Manchester United’s losses jump and revenue falls with fewer games played
Shares of Manchester United fell Wednesday after the U.K.-based soccer club reported a big jump in fiscal third-quarter losses and a drop in revenue due primarily to fewer games being played.
Samsung Galaxy Z Fold6 and Z Flip6 launch: Price, specs, features
Samsung launched the Galaxy Z Fold6 at its Unpacked event in Paris, France. The tech giant said the foldable device is thinner and lighter than its predecessor.Arjun Kharpal | CNBCPARIS — Samsung launched its latest foldable smartphones on Wednesday — and they're...
SBI raises Rs 10,000 Cr via sixth 15-year infra bond, ET BFSI
State Bank of India (SBI) raised Rs. 10,000 crores today at a coupon rate of 7.36 per cent through its sixth infrastructure bond issuance.The issue attracted overwhelming response from investors with bids in excess of Rs. 18,145 crores and was oversubscribed by around...
RBNZ Dovishness Hits Kiwi – Action Forex
The Reserve Bank of New Zealand kept its benchmark interest rate at 5.5% for the eighth consecutive meeting, which was in line with analyst expectations. However, the central bank’s comments were softer than expected, dragging down NZDUSD by around 1% to 0.6070, a low...
Here are the best and worst U.S. airlines, according to passenger complaints
Customers lodged 61,233 complaints against U.S. airlines in 2023, new Transportation Department data shows, with this airline getting the most gripes.
CMC Markets grants 113k shares to CEO Peter Cruddas
CMC Markets Plc (LON:CMCX), a major provider of online trading and institutional technology solutions, today announced transactions in its shares by senior executives. On July 9, 2024, CMC Markets granted 113,772 shares in the company to CEO Peter Cruddas. This is a...
Yen Weakness Persists in Calm Trading; Dollar Range-Bound
Yen continues its extended selloff today, except against New Zealand Dollar, in an otherwise subdued forex market. Reports indicate that BoJ may lower its economic growth forecasts for this year at its meeting later in July, while predicting that inflation will hover...
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.