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TradingView adds more patterns of chart layouts to maximize analysis customization
In response to traders’ requests, TradingView has added new chart layout patterns. Now, users of the platform can choose from more patterns of chart layouts to maximize their analysis customization. There are 12 new ways to organize charts in a layout — to see them...
Boeing agrees to buy supplier Spirit Aerosystems for $4.7 billion
Boeing Co. has agreed to buy parts supplier Spirit Aerosystems Holdings Inc. in an all-stock deal worth more than $4 billion.
Google invests in BlackRock-backed solar developer in Taiwan amid AI boom
The aerial view reveals the mutual benefits of combining solar energy production and agricultural land use. Farmers can lease their land to solar energy developers, diversifying their income streams while maintaining agricultural activities on the remaining areas....
Gold Battles with Descending Trendline
Gold trades back and forth in the past few sessions Price fails to claim 50-day SMA and restrictive trendline Momentum indicators are neutral-to-bullish Gold has been under pressure lately following its break below the 50-day simple moving average (SMA). Although the...
Axis Bank and Piramal Finance partner for co-lending business, ET BFSI
India’s private sector lender, Axis Bank, and Piramal Finance, a Mumbai-based NBFC-HFC, announced a co-lending partnership on Monday.Through this partnership, both lenders will offer loans to middle and low-income segment borrowers, focusing on rural and semi-urban...
CM Naidu to raise budget-specific demands in meeting with PM, FM, ET BFSI
Andhra Pradesh chief minister N Chandrababu Naidu, a key ally of BJP-led NDA, is likely to meet Prime Minister Narendra Modi and finance minister Nirmala Sitharaman this week to raise budget-specific demands for the state.Naidu is likely to discuss his expectations...
Centre should have state-specific financial approach for development, says Kerala FM, ET BFSI
Seeking more funds to tide over the state's financial woes, Kerala Finance Minister K N Balagopal on Sunday said the Centre should have a state-specific rather than a uniform financial approach towards states as each of them has different kinds of developmental...
Bitcoin back above US$63500 | Forexlive
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 1 July 10am New York cut
There is just one on the board to take note of, as highlighted in bold.That being for EUR/USD at the 1.0700 level. The size of the expiry is a big one so that could keep a floor under the pair in terms of price action for the session ahead.There won't be much on the...
French stocks see strongest rise in nearly two years after first round of elections
French stocks surged on Monday after the first round of parliamentary elections was interpreted to mean the far-right National Rally party was unlikely to form a majority.
Mt. Gox about to unload $9 billion of bitcoin — what it means for BTC
Omer Taha Cetin | Anadolu | Getty ImagesA bitcoin exchange that collapsed 10 years ago after being hacked is set to return billions of dollars' worth of the token to users — and it has investors worried.In a few days, bankrupt Tokyo-based bitcoin exchange Mt. Gox will...
Euro Rebounds on French Election Relief; Market Eyes Central Bank Minutes and Key Data
Euro is staging a solid rebound today, with investors feeling somewhat reassured by the preliminary results of French parliamentary elections. While the far-right National Rally made significant gains with approximately 34% of votes in the first round, this is...
Binance Kicks Off July Missions with 2,000,000 Binance Points in Rewards
Binance has announced the launch of its July Missions, offering participants the chance to share in a pool of 2,000,000 Binance Points through a series of engaging tasks and activities. The missions are updated twice every month,...
MAS fines GSG Capital director for insider trading
The Monetary Authority of Singapore (MAS) has imposed a civil penalty of S$70,000 on Mr Tay Joo Heng for insider trading in the shares of GS Holdings Limited (GHL). This follows a joint investigation by CAD and MAS into the case. On 19 November 2019, GHL announced...
Binance Updates Monitoring Tag for Multiple Tokens Including BAL, CTXC, and CVX
Binance, one of the world's leading cryptocurrency exchanges, has announced an update to its Monitoring Tag list. Effective July 1, 2024, the platform will extend the Monitoring Tag to include eleven new tokens and remove it from two...
BlackRock’s BUIDL Fund Backs Manta Network’s wUSDM via Mountain Protocol
Manta Network has announced that its on-chain yield-bearing stablecoin, wUSDM, deployed by Mountain Protocol on Manta Pacific, is now backed by BlackRock’s BUIDL Fund, according to Manta Network. This collaboration is facilitated through...
French exit polls point to National Rally leading in first vote round
French President Emmanuel Macron looks on after delivering a speech to the Nexus Institute in the Amare theatre in The Hague on April 11, 2023 as part of a state visit to the Netherlands.Ludovic Marin | AFP | Getty ImagesThe first round of a snap parliamentary...
Stellar (XLM) Advocates for Gender Diversity at SheFi Summit Brussels
The Stellar (XLM) Development Foundation (SDF) recently highlighted its commitment to gender diversity and inclusion in the blockchain sector during the SheFi Summit in Brussels. Anke Liu, Senior Manager on the Ecosystem Growth team at...
Worldcoin’s World ID Expands to Solana via Wormhole Grant
Wormhole contributors have been awarded a grant from the Worldcoin Foundation to bring World ID, a leading decentralized identity protocol, to Solana. This integration aims to enable Solana-based protocols to seamlessly verify users'...
Democrats defend Biden after debate flop as voter support flinches
Democrat candidate, U.S. President Joe Biden, and Republican candidate, former U.S. President Donald Trump, attend a presidential debate in Atlanta, Georgia, U.S., June 27, 2024. Brian Snyder | ReutersDemocrats are making the rounds on the Sunday media circuit working...
Mirandus Development Roadmap: Key Milestones for Q3 and Q4 2024
Gala Games has unveiled its roadmap for the development of the highly anticipated MMORPG, Mirandus, detailing key milestones for the third and fourth quarters of 2024. As the game progresses towards its release, the focus is on...
Gala Games’ Legacy Challenges Players with Competitive Design Competitions
Gala Games is raising the stakes for players of its popular game, Legacy, by introducing competitive design competitions. This innovative feature challenges players to leverage their entrepreneurial skills to create and market products,...
If jobs keep getting harder to find, the stock market could be in trouble
Once the unemployment rate starts creeping up, it’s pretty hard to stuff that back in the bottle, says Schwab strategist
‘Inside Out 2’ tops $1 billion at global box office, first since ‘Barbie’
Amy Poehler and Maya Hawke voice Joy and Anxiety, respectively, in Disney and Pixar's "Inside Out 2."Disney | PixarDisney and Pixar's "Inside Out 2" is the newest member of the billion-dollar club.The animated feature has tallied $1.014 billion worldwide as of Sunday,...
Startups Leverage AI to Revolutionize Bioscience, Skin Care, and More
Startups worldwide are harnessing machine learning and AI to create tools and solutions across an increasingly large swath of industries, according to Microsoft. Basecamp Research: Advancing Bioscience with AI Biologists and explorers...
Hong Kong Mortgage Applications Drop 16.1% in May 2024, HKMA Reports
The Hong Kong Monetary Authority (HKMA) has released the residential mortgage survey results for May 2024, revealing a significant decline in mortgage applications. According to the HKMA, the number of mortgage applications decreased by...
ElevenLabs’ AI Narration Boosts Audiobook Sales for Bestselling Author Leeanna Morgan
ElevenLabs, a leader in voice conversion, speech generation, and automatic dubbing technology, is revolutionizing the audiobook industry. The company’s cutting-edge AI technology is helping USA Today bestselling author Leeanna Morgan...
Binance Launches Promotion to Share 20,000 USDC in Token Vouchers
Binance has announced an exciting new promotion where users can share 20,000 USDC in token vouchers by depositing and trading selected AI tokens during the promotion period. The initiative aims to encourage both regular and VIP users to...
Fathom, joint venture of AMC, Regal, Cinemark, makes major gains
At a time when the box office is starved for content and audiences seem pickier than ever, Fathom Events is posting record revenue gains.For 20 years, the joint venture between AMC, Regal and Cinemark has been best known for bringing alternative content to the big...
Student loan borrowers share their ‘roller-coaster’ year since the Supreme Court struck down Biden’s debt-forgiveness plan
Recent court decisions and the upcoming presidential election have borrowers wondering if they can count on repayment and cancellation initiatives.
AssemblyAI Enhances Conversational Intelligence with New Features
AssemblyAI, a leader in AI-driven audio intelligence, has unveiled a series of new features designed to help enterprises extract and analyze insights from digital conversational data. This move comes as businesses increasingly turn to AI...
Trump’s legal cases: Here’s where they stand post-debate and before the Supreme Court immunity decision
Donald Trump’s ongoing court cases got some airtime during the first matchup with President Joe Biden of 2024
More companies stay quiet, but donations keep flowing
Parade participants are seen marching during the 2024 Kentuckiana Pride Parade on June 15, 2024 in Louisville, Kentucky. Stephen J. Cohen | Getty ImagesPride month is winding down — and this year, the corporate world took a more cautious approach.June tends to bring a...
LangChain Unveils LangGraph Cloud and Self-Improving Evaluators in Latest Update
LangChain has announced the launch of LangGraph Cloud in closed beta, alongside several other significant updates, according to the LangChain Blog. This new addition aims to enhance agent workflows by offering scalable, fault-tolerant...
XDEFI Integrates Circle’s CCTP to Enhance USDC Cross-Chain Swaps
XDEFI, a prominent multichain wallet provider, has announced the integration of Circle's Cross-Chain Transfer Protocol (CCTP) to facilitate safer and simpler USDC cross-chain swaps. This collaboration aims to streamline the user...
Solana ETF, MiCA Framework, and Ethereum’s Reth Client Highlight Weekly Top Stories
This week, significant developments in the cryptocurrency space include VanEck's filing for a Solana (SOL) ETF, the European Union’s MiCA framework set to take effect, and the release of Ethereum’s first production-ready Reth execution...
Vitalik Buterin’s Recommendations for Cryptocurrency Regulation: Addressing Anarcho-Tyranny
Vitalik Buterin, the co-founders of Ethereum, has lately voiced his discontent with the way that cryptocurrency legislation is currently being handled. He is of the opinion that the current regulatory framework has resulted in what he...
FX week in review: LCG license restricted, FlowBank legal action, Valutrades layoffs, IG US rebrands
Why did FCA regulated Retail FX and CFDs broker LCG have severe restrictions placed on its license, and on its operations? What did FlowBank shareholders have to say, and what action are they contemplating, after Swiss regulator FINMA put the Geneva based neobank and...
Adept AI Announces Strategic Shift and Leadership Changes
Strategic Shift to Agentic AI Solutions Adept AI has announced significant updates to its strategy and company structure, according to adept.ai. The company, known for developing general-purpose AI tools for enterprises, will now focus...
Currency Speculator raised their bets for Canadian & Australian Dollars :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday June 25th and shows a quick view of how large market...
Understanding Closed-Loop Tokens: Enhanced Security and Customization
Closed-Loop Tokens (CLTs) are emerging as a crucial innovation in the blockchain space, offering enhanced security, compliance, and tailored functionality for specific applications, according to The Sui Blog. The Need for Closed-Loop...
EUR/CHF Weekly Outlook – Action Forex
While EUR/CHF’s recovery from 0.9476 extended higher last week, outlook stays bearish with 0.9683 resistance intact. Initial bias remains neutral this week first. On the downside, below 0.9560 minor support will suggest that the rebound has completed and bring retest...
Gala Games Launches Treasure Tapper: A New Token-Rewarding Clicker Game
Gala Games has announced the launch of Treasure Tapper, an innovative clicker game on Telegram designed to reward players with free $TREZ tokens. According to Gala News, Treasure Tapper offers an engaging and fun way for users to...
Speculator bets led by S&P500 & Nasdaq :: 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 June 25th and shows a quick view of how large traders...
EUR/AUD Weekly Outlook – Action Forex
EUR/AUD edged lower to 1.5996 last week but recovered since then. Initial bias remains neutral this week first, and outlook stays bearish as long as 1.6211 support turned resistance holds. On the downside, break of 1.5996 will target 100% projection of 1.6679 to...
Understanding the Role and Capabilities of AI Agents
The concept of AI agents has become a pivotal topic in the field of artificial intelligence, particularly in the development of Large Language Models (LLMs). According to the LangChain Blog, the definition and understanding of what...
EUR/GBP Weekly Outlook – Action Forex
EUR/GBP’s recovery from 0.8396 continued last week but upside remains capped below by 0.8482 support turned resistance. Initial bias stays neutral this week and outlook remains bearish bearish. On the downside, below 0.8430 support will turn bias back to the downside...
Speculator bets led by 10-Year Bonds & 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 June 25th and shows a quick view of how large traders...
GBP/JPY Weekly Outlook – Action Forex
GBP/JPY’s up trend continued last week and outlook is unchanged. Initial bias stays on the upside this week. Next target is 100% projection of 191.34 to 200.72 from 197.18 at 206.56 next. On the downside, below 202.41 minor support will turn intraday bias neutral and...
NVIDIA NIM Revolutionizes Financial Data Analysis with AI
In the financial services sector, portfolio managers and research analysts are constantly sifting through vast amounts of data to gain a competitive edge in investments. The ability to make informed decisions hinges on access to pertinent...
Speculator bets led by Platinum & 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 June 25th and shows a quick view of how large traders...
USD/CAD Weekly Outlook – Action Forex
USD/CAD rebounded after dipping to 1.3626, but failed to extend gain after hitting 1.3733. Overall, consolidation pattern from 1.3845 is extending. Initial bias remains neutral this week first. While deeper fall could be seen, downside should be contained by 1.3589...
Speculator bets led by Sugar, Cotton & 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 June 25th and shows a quick view of how large traders...
Bandhan Bank commences online collection of direct taxes, BFSI News, ET BFSI
Kolkata: Bandhan Bank on Friday said it has launched a facility for online collection of direct taxes, enabling its customers and others to pay taxes seamlessly across India. As an RBI-appointed agency bank, it also accepts offline payments through its 1,700 branches,...
AUD/USD Weekly Report – Action Forex
AUD/USD extended consolidation from 0.6713 last week and outlook remains unchanged. Initial bias stays neutral this week first. Further rally is in favor with 0.6578 cluster support (38.2% retracement of 0.6361 to 0.6713 at 0.6579) intact. On the upside, firm break of...
Gala Games Unveils Glenn Hero Card for The Walking Dead: Empires
Gala Games has announced the release of a new Hero Card featuring Glenn, a beloved character from AMC's The Walking Dead, for their game The Walking Dead: Empires. According to Gala News, the sale of the Glenn Hero Card began on Friday,...
Biden campaign fundraises $27 million after first debate
US President Joe Biden speaks at the Stonewall National Monument Visitor Center grand opening ceremony in New York on June 28, 2024. Mandel Ngan | Afp | Getty ImagesThe Biden campaign has raised $27 million starting from the day of the first presidential debate...
USD/CHF Weekly Outlook – Action Forex
USD/CHF’s stronger than expected rebound argues that fall from 0.9223 might have completed as a three-wave corrective move to 0.8825. Initial bias is mildly on the upside for channel resistance (now at 0.9037). Firm break there will target 0.9157 resistance next. On...
Wormhole Implements Flow-Canceling Governor to Enhance Transaction Efficiency
Wormhole, a leading interoperability platform, has introduced the Governor V2, a flow-canceling Governor mechanism designed to address congestion issues and improve transaction efficiency across its supported blockchains. This new feature...
Banks told to stay vigilant amid intel on cyberattack threat, ET BFSI
Banks across the country have been put on alert amid tip-offs received by the regulator on possible cyberattacks.They have been told to proactively monitor their systems for threat detection on a 24/7 basis."In the light of credible threat intelligence received...
Lower inflation and no recession set stocks up for a summer stunner
Ed Yardeni: Ignore the inverted yield curve — this “Roaring 2020s” market is alive and well.
USD/JPY Weekly Outlook – Action Forex
USD/JPY’s break of 160.20 resistance last week confirmed long term up trend resumption. But as a temporary top was formed at 161.27, initial bias remains neutral this week for consolidations. Downside should be contained by 158.71 support to bring another rally. Break...
The Walking Dead: Empires Announces New Hero Card Sales and Monthly Events
June is ending on a high note for The Walking Dead: Empires, as monthly events are underway and top players are rising through the leaderboard ranks. According to Gala News, there is still time left in the Survivor’s Trial event, urging...
Australian Dollar, Soybean Oil lead weekly 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 June 25th.This weekly Extreme Positions report highlights the Most Bullish and Most Bearish...
Ten big banks settle US interest rate swaps rigging litigation, ET BFSI
Ten large banks including Bank of America, Goldman Sachs and JPMorgan Chase will pay $46 million to settle a long-running antitrust lawsuit accusing them of conspiring to rig the now $465.9 trillion market for interest rate swaps.Lawyers for investors filed a...
Whole Foods is promoting ‘little luxuries’ as the next big food trend
It’s a way of indulging without overindulging, said Whole Foods CEO Jason Buechel
EUR/USD Weekly Outlook – Action Forex
EUR/USD’s consolidation form 1.0667 continued last week and outlook is unchanged. Initial bias remains neutral this week first and further fall is expected with 1.0760 resistance intact. Decline from 1.0915 is seen as another leg in the larger corrective pattern. Firm...
Workers care more about enjoying work than a flexible schedule, new data shows
An ADP survey of about 35,000 people around the world also found that salary is still king
Julian Assange Takes Plea Deal, Ends Prolonged Legal Battle
Julian Assange, the founder of WikiLeaks, has concluded his multi-year legal battle by accepting a plea deal, according to Bitfinex Blog. This resolution prevents his extradition to the United States and results in his immediate release...
Bank of Maharashtra to issue tier-II bonds, bankers say, ET BFSI
India's Bank of Maharashtra plans to raise up to 10 billion rupees ($119.88 million), including a greenshoe of 7.5 billion rupees, through Basel III compliant tier 2 bonds maturing in 10 years, three people said on Friday. The state-run bank has invited bids from...
Yen Hits Multi-Decade Lows, Euro Bounces Back, Dollar Remains Indecisive
Yen remained in the spotlight last week, dominating headlines even as some significant global inflation data also moved markets. The Japanese currency continued its downtrend, reaching multi-decade lows. Despite the prolonged decline, Japanese authorities refrained...
Obama, Clinton excuse Biden’s debate performance against Trump
Former US President Barack Obama (L) and former US President Bill Clinton (R) cheer for US President Joe Biden during a campaign fundraising event at Radio City Music Hall in New York City on March 28, 2024. Brendan Smialowski | Afp | Getty ImagesFormer Presidents...
GBP/USD Weekly Outlook – Action Forex
GBP/USD’s fall from 1.2859 tied to continued last week but failed to sustain below 1.2633 resistance turned support. Still, further decline is expected as long as 1.2702 resistance holds. Sustained trading below 1.2633 resistance turned support will argue that whole...
Nvidia’s rebound from its correction only makes the stock more dangerous to buy
Semiconductor stocks are bubbling and could lose 40% of their value.
Personal loans dearer post RBI risk nudge, BFSI News, ET BFSI
Mumbai: Private lenders such as HDFC Bank, ICICI Bank, Kotak Mahindra Bank and Axis Bank have raised lending rates on personal loans by 30-50 basis points (bps) in the past few months after the Reserve Bank of India (RBI) increased the risk weighting for such loans to...
IOTA Grants $2.89 Million to 26 Projects in Latest Funding Round
The IOTA Foundation has unveiled its latest round of grants, allocating $2.89 million to 26 out of 99 applications, according to the IOTA Foundation Blog. This funding round underscores the foundation's commitment to fostering innovation...
EUR/JPY Weekly Outlook – Action Forex
EUR/JPY’s break of 171.58 resistance last week confirmed up trend resumption. Initial bias stays on the upside this week. Next target is 100% projection of 164.01 to 170.87 from 167.52 at 174.38. On the downside, below 171.37 minor support will turn intraday bias...
Apple’s huge stock buyback proves one thing: companies are lousy market timers
Share repurchases are at a record, but that isn’t necessarily bullish for the U.S. market
RBI imposes Rs 29.6 lakh penalty on HSBC, BFSI News, ET BFSI
The RBI on Friday said it has imposed a penalty of Rs 29.6 lakh on The Hongkong and Shanghai Banking Corporation Limited (HSBC) for non-compliance with certain directions related to cards. The penalty has been imposed on HSBC for non-compliance with certain directions...
Flower Frenzy: New Telegram Game Offers Token Rewards for Gardening
Gala Games has launched a new game called Flower Frenzy on Telegram, combining the joys of gardening with the excitement of earning token rewards. The game invites players to plant virtual flowers and harvest tokens, creating a unique...
Euro 2024 prize money: How much do the winners get?
Each team gets about $10 million for taking part in the European Championships — but none of that goes directly to the players.
Top Summer 2024 Book Recommendations from a16z Crypto Team
The a16z crypto team has curated an extensive list of book recommendations for summer 2024, featuring a diverse array of genres from fantasy and seafaring adventures to deep dives into economic theory and the intricacies of modern...
Apple ‘Mac killers’ might be lurking in those new AI-powered Windows PCs
Qualcomm is strongly positioned, while AMD and Intel may be vulnerable.
Rate sensitivity on the rise in PSB portfolios, BFSI News, ET BFSI
Mumbai: The interest rate sensitivity of a major trading portfolio for state-owned public sector banks and foreign banks increased from September 2023 to March this year, implying greater exposure to the impact that volatility in bond yields can have on profits and...
Boeing Starliner crew not stranded in space, says NASA, but no date set for return
Boeing Co.’s Starliner spacecraft will remain docked at the International Space Station while the aerospace company and NASA conduct further tests into thruster issues and helium leaks.
Bandit Running Unsponsored Project decks out Olympic hopefuls
Christopher Royster, left, and JT Smith, athletes who participate in Bandit Running's Unsponsored Project, at the 2024 Olympic trials in Eugene, Oregon.Courtesy: Bandit RunningThere's an army of unsponsored athletes commanding attention at the U.S. Track & Field...
Decline in debit cards transaction volume by 16%, credit cards witness uptick in May’24, ET BFSI
According to latest data by 1Lattice, on a year on year basis, debit cards transaction volume has decreased by a massive 16 per cent while the value of transactions decreased by approximately 9 per cent in May 2024. On the other hand, credit cards transaction volume...
Binance Faces SEC Lawsuit Over Unregistered Securities, Court Proceeds with Some Claims
In the present moment, the United States Securities and Exchange Commission (SEC) has initiated legal action against Binance, which is one of the most prominent cryptocurrency exchanges in the world. Binance is accused of violating...
How Apple is borrowing from its 1980s playbook when it comes to AI
Oppenheimer sees compelling parallels between what Apple is doing in AI and its 1980s Macintosh strategy.
Next food and beverage trends include honey, tinned fish
The budding trends in food sound like a return to the diet of cavemen: Fish is the hottest protein, honey is the flavor du jour and game meat is an upgrade to charcuterie boards.That's according to the hundreds of items on display at the Summer Fancy Food Show, a...
To prepare for another Trump presidency, start saving now
Trump’s plans cannot help the retirement safety net.
Bitcoin windfall comes for Mt. Gox creditors after 10,000% price spike
Users of collapsed bitcoin exchange Mt. Gox have been trying to get their money back for a decade. From the beginning of July, the company will begin paying users back their funds.Kiyoshi Ota | Bloomberg | Getty ImagesMt. Gox, the Japanese bitcoin exchange that...
Retail loans moderate for the 10th straight month, ET BFSI
Bank lending to the retail sector continued to moderate for the tenth straight month in May (to 17.8% from 19.1 percent in the same period a year ago) over the previous comparable period according to the latest data released by the Reserve bank of India on...
SEC Files Lawsuit Against MetaMask Owner ConsenSys Over Unregistered Crypto Transactions
The U.S. Securities and Exchange Commission (SEC) has recently filed a lawsuit against Consensys, the parent company of MetaMask, alleging that it has been operating as an unregistered broker and engaging in unregistered securities...
S&P 500 gain in first half of 2024 blows historical average ‘out of the water’
The S&P 500 is on course to post big gains for the first half of 2024, with its runup in the first six months of this year so far crushing the historical average, according to Bespoke Investment Group
States to sell 2.64 lakh crore of bonds in July-Sept, BFSI News, ET BFSI
State governments and Union Territories plan to raise funds worth Rs 2.64 lakh crore through bond sales in July-September, while the Centre aims to raise Rs 2.60 lakh crore through the sale of Treasury Bills in the second quarter, the Reserve Bank of India said.In an...
I want to buy an apartment in Manhattan, but it’s on the 6th floor — with no elevator. Is it worth it?
“If I want to rent or sell in the future, am I going to have a tough time?”
All the car options on the ‘electrified’ market
GM launched 'EV Live,' a free online platform that connects electric vehicle owners or consumers who have questions about zero-emissions cars and trucks with an expert who can answer them.Courtesy: GMDETROIT — Purchasing a vehicle has never been that easy. But...
Futureverse and Animoca Brands Forge Strategic Partnership to Enhance Metaverse and AI Ecosystems
Futureverse and Animoca Brands have announced a strategic partnership aimed at advancing the capabilities of Futureverse's metaverse technology stack and expanding its token ecosystem. According to Animoca Brands, the collaboration will...
Understanding Gwei: The Unit Behind BNB Chain’s Low Gas Fees
Gwei is a crucial unit for measuring gas fees on smart contract platforms, providing precise and standardized fee calculations. According to BNB Chain Blog, the BNB Chain’s low gas fees make it highly affordable for users and developers...
Consumer stocks made a comeback in June — but U.S. households are still feeling the pinch
Consumer-discretionary stocks bounced back in June, raising hopes of a recovery after their tumultuous start to 2024. But market analysts warn that a comeback in this sector could belie underlying consumer weakness amid ongoing concerns over the health of American...
Rates on fresh loans and deposit moderate sequentially in May, ET BFSI
Weighted average lending rates on fresh loans and deposits fell marginally by 16bps and one bps ( one basis point is 0.01 percent) respectively in May according to the latest data released by the Reserve Bank of India.The weighted average lending rate (WALR) on fresh...
This bank stock’s unique combination makes it a bargain
KBW has upgraded Bank of New York Mellon to an “Outperform” rating, supported by a strong financial performance and a low price-to-earnings valuation.
Labour Markets in Canada and the U.S. to Show Key Signs of Weakness
Central banks in Canada and the United States will be closely watching labour market data on Friday after May inflation numbers sent some mixed signals, broadly surprising to the upside in Canada and the downside in the U.S. The tick-up in Canadian inflation in May...
Sensex rally takes breather after crossing record 79k, BFSI News, ET BFSI
MUMBAI: The sensex and Nifty ended their four-day rally in Friday's session. After hitting new highs in the first half of the day, profit booking in banking and IT stocks led to both indices closing in the red.The sensex declined 210 points to close at 79,033 after...
BitMEX Implements Index Weights Update for Q3 2024
BitMEX, a prominent cryptocurrency exchange, has officially updated its index weights as part of its quarterly review for Q3 2024. The changes went live on June 28, 2024, at 04:00 UTC, as announced on the BitMEX Blog. Details of the...
Can McDonald’s make money on $5 meals when inflation is so high?
Also: Stock-market winners and losers for the first half of 2024, a possible AI infrastructure bubble and personal financial advice
Weekly Economic & Financial Commentary: Yen Reaches Its Weakest Level Against the Greenback since 1986
Summary United States: It May Be Hot Outside, but Inflation Is Finally Cooling According to the Federal Reserve’s preferred gauge, core inflation cooled to its softest pace in more than three years in May against a backdrop of measured consumer spending and...
Stocks will fall 30% as the U.S. economy heads for a painful recession, strategist says
Move over, J.P. Morgan — we have a new contender for most apocalyptic stock-market forecast.
Citi urges dismissal of ex-managing director’s whistleblower lawsuit, ET BFSI
Citigroup urged a judge to dismiss a lawsuit by a former managing director who accused the bank of firing her in retaliation for refusing to give regulators false information.Citi said Kathleen Martin was lawfully terminated because she lacked the leadership and...
The Weekly Bottom Line: Services Spending and Prices Starting to Settle
U.S. Highlights Headline PCE inflation came in flat for the month of May and core PCE inflation eased. Personal income posted a strong gain last month, while spending growth was more moderate, leading to an uptick in the savings rate. The heat in the economy still...
Cassava Sciences shares fall after onetime advisor indicted on fraud charges
Shares of biotech company Cassava Sciences Inc. plummeted on Friday after a federal grand jury indicted a onetime science advisor to the company and charged him with falsifying data to obtain millions of dollars in government funds
Tech founders are shunning IPOs after extended market lull: Techstars
Pedestrians pass the Nasdaq MarketSite in New York, US, on Tuesday, Jan. 2, 2024.Michael Nagle | Bloomberg | Getty ImagesSilicon Valley is known for producing tech businesses that start in garages and turn into massive publicly traded companies ubiquitously known...
NVIDIA Unveils DoRA: A Superior Fine-Tuning Method for AI Models
NVIDIA has announced the development of a new fine-tuning method called DoRA (Weight-Decomposed Low-Rank Adaptation), which offers a high-performing alternative to the widely used Low-Rank Adaptation (LoRA). According to the NVIDIA...
RBI says pandemic period household savings declining, need close monitoring, ET BFSI
With overall household savings declining to 18.4 per cent of GDP in FY:2022-23 from an average of 20.0 per cent of GDP over 2013-2022, and coupled with an increasing trend in financial liabilities, household debt warrants close monitoring from a financial stability...
Future Enterprises’ creditors scrap simultaneous vote for its assets, ET BFSI
Creditors to Kishore Biyani's Future Enterprises Ltd (FEL) have scrapped a simultaneous voting process to find a buyer for the beleaguered company's insurance stakes and manufacturing units after one of the bidders sought to raise its offer for two apparel...
Markets Weekly Outlook: French, UK Elections in Focus Followed by NFP Data
Despite a decline in core PCE numbers, hawkish comments from Fed policymakers cast doubt on a September rate cut. The first half of 2024 saw a widening gap between growth and value stocks, with the former outperforming the S&P 500. Concerns over central bank...
Government bonds enter JP Morgan’s index, BFSI News, ET BFSI
MUMBAI: Indian govt bonds made their entry into the JP Morgan emerging market bond index on Friday, a development that can reduce the cost of long-term borrowings for businesses, add stability to the rupee and improve the country's balance of payments position.The...
Is golf an elitist sport? Biden and Trump argue over their golf handicaps during their first 2024 presidential debate.
Just 22% of golfers are people of color and 42% have household incomes of $100,000-plus, according to the National Golf Foundation.
Amazon hires execs from AI startup Adept and licenses its technology
The front desk of the Amazon office is pictured in New York, May 1, 2019.Carlo Allegri | ReutersAmazon is ramping up its development of artificial intelligence technology, hiring top talent from AI agent startup Adept and licensing the company's technology.Rohit...
RBI Guv Shaktikanta Das emphasises on need to eliminate biases in algorithms, ET BFSI
The Reserve Bank of India Governor Shaktikanta Das on Friday said that the central bank is focusing on enhancing capacity in artificial intelligence (AI) and machine learning (ML) techniques and analysing unstructured textual data by using the cutting edge...
July seasonals: The S&P 500 has rallied in July for eight straight years
When I look at the July seasonals, there isn't much in the FX market. The patterns are minor and the moves small as the summer complacency sets in.One thing stands out though: US equities.The S&P 500 has climbed for eight straight years in July with an average...
How can we tap the equity in our home without paying a 7% interest rate? We currently have a mortgage rate of less than 4%.
“Should I accept that 7%-plus interest rate is the starting rate these days?”
Amazon doubling value of credits for startups to build on AWS cloud
Amazon will double the value of credits it offers some startups to use its cloud infrastructure, CNBC has learned, as the company faces heightened competition from Microsoft in artificial intelligence services.Starting July 1, startups that have raised a Series A...
$30,000 EV coming in two and a half years, at a profit
An electric Ford truck is displayed during the Electrify Expo D.C. in Washington, D.C., on July 23, 2023.Nathan Howard | Getty ImagesFord Motor expects to introduce a $30,000 all-electric vehicle that will be profitable in roughly two and a half years, CEO Jim Farley...
New York Times editorial board urges Biden to drop out of presidential race
U.S. President Joe Biden pauses during the CNN Presidential Debate at the CNN Studios on June 27, 2024 in Atlanta, Georgia. President Biden and Republican presidential candidate, former U.S. President Donald Trump are facing off in the first presidential debate of the...
Summary 7/1 – 7/5
Monday, Jul 1, 2024 Tuesday, Jul 2, 2024 Wednesday, Jul 3, 2024 Thursday, Jul 4, 2024 Friday, Jul 5, 2024 The post Summary 7/1 – 7/5 appeared first on Action Forex.
Uniswap (UNI) v4 Hooks: EigenLayer Research Calls for AVS Proposals
EigenLayer Research has issued a call for proposals on Uniswap (UNI) v4 Hooks, according to the official EigenLayer blog. This initiative aims to engage with innovative builders in the decentralized finance (DeFi) ecosystem, inviting them...
CME Group fines Budo Trading for alleged violations of wash trades prohibition
International derivatives marketplace CME Group has posted a notice of disciplinary action against Budo Trading LLC. Pursuant to an offer of settlement in which Budo neither admitted nor denied the rule violations or factual findings upon which the penalty is based,...
NVIDIA FLARE Enhances Federated XGBoost for Efficient Machine Learning
According to the NVIDIA Technical Blog, NVIDIA has introduced significant enhancements to Federated XGBoost with its Federated Learning Application Runtime Environment (FLARE). This integration aims to make federated learning more...
M&M Finance CFO Vivek Karve resigns, BFSI News, ET BFSI
Mahindra Finance announced that Vivek Karve, the Chief Financial Officer, has tendered his resignation from the company to pursue personal, social, and professional interests beyond full-time employment.Karve joined Mahindra Finance as its CFO in 2020. He has agreed...
Sebi plans to cut red tape for global funds buying its bonds, BFSI News, ET BFSI
India’s capital markets regulator is working to reduce paperwork for foreign investors buying only sovereign debt, according to a person with knowledge of the matter, as the country debuts on international bond indexes.The Securities and Exchange Board of India is...
India’s GDP growth to slow modestly this fiscal year and next: Reuters poll, ET BFSI
India's economic growth in the three months through December was much higher than most estimates due to a sharp fall in key subsidies which provided a boost to GDP - a situation economists in the poll say is unlikely to recur.By Vivek MishraForecasts for a mild...
US PCE core inflation slows to 2.6% as expected in May
In May, US PCE price index was flat mom, matched expectations. PCE core price index (excluding food and energy) rose 0.1% mom. Both matched expectations. Prices for goods fell -0.4% mom while prices for services rose 0.2% mom. Food prices rose 0.1% mom while energy...
Some analysts are questioning Nike’s leadership as downbeat forecast sends stock toward biggest drop ever
As Nike shares on Friday headed toward their biggest drop ever following the sneaker maker’s pessimistic outlook a day earlier, Wall Street analysts were retrenching — with some even questioning the company’s management.
Boeing delays Starliner return, NASA says astronauts aren’t stranded
Boeing's Starliner spacecraft is pictured docked to the International Space Station orbiting above Egypt's Mediterranean coast on June 13, 2024.NASANASA and Boeing are further extending the first Starliner crewed flight but are not yet setting a new target date for...
Credit card industry adds 0.76 million cards in May 2024, BFSI News, ET BFSI
The credit card industry saw a net addition of 0.76 million credit cards in May’24 (0.74 million in April 2024 and 1.2 million in March 2024), led by healthy traction by HDFC Bank, ICICI Bank, Axis Bank, and SBI Card. HDFC Bank added the highest numbers of new cards...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 160.43; (P) 160.63; (R1) 160.98; More… Intraday bias in USD/JPY is turned neutral again with current retreat. Some consolidations could be seen first and deeper pullback cannot be ruled out. But near term outlook will remain bullish as long as...
Manta Pacific Pioneers Real-World Asset Integration in Web3
Manta Pacific is at the forefront of integrating real-world assets (RWAs) into the Web3 ecosystem, according to Manta Network. The platform is enhancing its ecosystem with assets like Mountain Protocol’s wUSDM, a stablecoin yielding 5%...
Trump and Biden dodged debate questions on soaring child-care costs. Families don’t have that luxury.
Parents “are frankly pissed off and anxious about what the future looks like, and that’s what was so disappointing about last night.”
Trump aide Steve Bannon must go to jail
Former White House Chief Strategist Stephen Bannon gestures as he speaks to members of the media while leaving the federal courthouse after a judge ordered him to surrender by July 1 to begin serving his four-month prison term, Washington, U.S., June 6, 2024. Nathan...
Here’s what Trump and Biden got wrong about Social Security during the first debate
Both candidates missed the chance to discuss plans to fix the program.
Canada’s Economy Rebounded in April, Modest Growth Expected in May
The Canadian economy bounced back in April, up 0.3% month-on-month (m/m). This print landed in line with Statistics Canada’s advanced guidance and market expectations. The flash estimate for May points to a slight advance of 0.1% m/m. April’s reading was broad-based,...
Bank Unions write to Finance Minister for merger of RRBs with Sponsor Banks, ET BFSI
New Delhi: Two bank unions -- AIBOC and AIBEA -- have demanded the merger of Regional Rural Banks (RRBs) with their respective Sponsor Banks to ensure overall efficiency and viability of the banking sector. It is imperative that for ensuring the desired level of...
Biden says, ‘I can do this job,’ as betting markets put chance of re-election at new low
While President Joe Biden offered an upbeat speech Friday in the wake of his widely panned debate performance, his chances of winning this year’s White House race appear to have tumbled.
SEC sues ethereum company Consensys, expanding industrywide crackdown
Joseph Lubin, co-founder of Ethereum and CEO of blockchain firm ConsenSys.Riccardo Savi | Getty Images for Concordia SummitCrypto firm Consensys has been added to the SEC's list of targets, as the regulator continues its industrywide crackdown.The Securities and...
Artificial General Intelligence (AGI) Nearer Than Expected, Experts Say
Artificial General Intelligence (AGI) might be closer than previously thought, according to experts in the field. Dr. Ben Goertzel, CEO of SingularityNET (AGIX), estimates that AGI could be achieved within the next three to eight years, a...
Biden debate sparks Democratic nominee replacement talk
U.S. President Joe Biden attends the first presidential debate hosted by CNN in Atlanta, Georgia, U.S., June 27, 2024. Marco Bello | ReutersPresident Joe Biden's raspy, unfocused, often inarticulate and widely panned debate performance stoked deep anxiety among...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8968; (P) 0.8979; (R1) 0.9000; More… Intraday bias in USD/CHF remains mildly on the upside at this point. Fall from 0.9223 could have completed a three-wave corrective move to 0.8825. Intraday bias is back on the upside for channel resistance (now...
Banks well capitalised to handle macro shocks, BFSI News, ET BFSI
Mumbai: Various tests reveal that banks are well capitalised and capable of absorbing macroeconomic shocks, with lenders likely to report higher-than-required capital ratios even under the most severe stress scenarios, the Reserve Bank of India (RBI) said."Under the...
Biden, Trump campaigns both report millions in donations after debate
The campaigns of President Joe Biden and former President Donald Trump said Friday they had each raised millions of dollars around their first debate Thursday.
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2612; (P) 1.2641; (R1) 1.2670; More… Further decline is still expected in GBP/USD with 1.2702 resistance intact. Sustained trading below 1.2633 resistance turned support will argue that whole rise from 1.2298 has completed, and target 1.2445 and...
EUR/USD continues to struggle amid US inflation concerns :: InvestMacro
By RoboForex Analytical DepartmentEUR/USD is on a downward trajectory on Friday, hovering around 1.0686 after a short-lived pause. The dollar experienced a temporary dip due to mixed American economic indicators and market anticipation ahead of the critical Core PCE...
Abortion is now illegal in 14 states. Here’s how that could widen the gender pay gap.
“Abortion is deeply rooted in the class system,” a law professor tells MarketWatch two years after the end of Roe v. Wade
Supreme Court ruling pleases Republicans, businesses
Birds fly outside the U.S. Supreme Court on the day justices issue orders in pending appeals in Washington, U.S., June 24, 2024. Nathan Howard | ReutersRepublican lawmakers and the U.S. Chamber of Commerce praised the Supreme Court decision Friday overturning the...
SFC Issues Warnings Against Tokencan, VBIT Exchange, and HKD.com for Fraud and Unlicensed Activities
The Securities and Futures Commission (SFC) has issued public warnings against Tokencan, VBIT Exchange, and HKD.com Corporation, citing concerns over suspected virtual asset-related fraud and unlicensed activities, according to...
AU Small Fin Bank plans to raise up to Rs 11,000 crore, ET BFSI
Kolkata: AU Small Finance Bank board on Thursday approved a plan of raising up to Rs 5,000 crore by selling equities and mobilising up to Rs 6000 crore in debts.The equity may be raised through private placement or qualified institutions placement (QIP) or...
Women in Southeast Asia Leverage AI and Tech Skills for New Career Opportunities
Women across Southeast Asia are finding new career opportunities through AI and technology skills, according to Microsoft. Microsoft's digital and AI skilling programs are playing a pivotal role in empowering individuals from diverse...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0678; (P) 1.0703; (R1) 1.0728; More…. Intraday bias in EUR/USD stays neutral as sideway trading continues. Outlook stays bearish with 1.0760 resistance intact. Decline from 1.0915 is seen as another leg in the larger corrective pattern. Firm break...
Nike CEO John Donahoe under fire from Wall Street after Q424 report
John Donahoe, attends the first day of the annual Allen & Company Sun Valley Conference, in Sun Valley, Idaho.Drew Angerer | Getty ImagesNike CEO John Donahoe appears to be on thin ice. The former top executive of eBay, who has been at the helm of Nike since...
‘Our children have varying degrees of success’: My husband and I are in our 80s and have $300,000 to leave our 3 children. Do we give more to our underemployed son?
“At 56, he has few prospects for his future.”
Is a China-Taiwan Conflict Likely? Watch the Region’s Stock Market Indexes :: InvestMacro
By Mark Galasiewski | Elliott Wave InternationalThe U.S. government in early May sanctioned 300 Chinese entities for supplying machine tools and parts to Russia for its war against Ukraine, while in mid-May Russian president Vladimir Putin made a two-day visit to...
Sunset Market Commentary – Action Forex
Markets Today’s avalanche of inflation numbers had little surprises in store. Euro area member states France (0.1% m/m, 2.6% y/y) and Spain (0.3% m/m, 3.5% y/y) reported theirs ahead of the June European figure next Tuesday. Both printed bang in line with...
RBI’s new valuation rule may hit banks’ trading gains in Q1, BFSI News, ET BFSI
Mumbai: Banks, which tend to reap trading profits when government bond yields fall, may be deprived of large gains on that account in the June quarter due to recently implemented regulatory changes but the new norms will likely strengthen capital ratios for...
PCE inflation report may help Biden, but his post-debate focus is damage control
While Friday’s encouraging inflation data might be helpful to President Joe Biden, the spotlight at the moment remains on his widely panned performance in a debate against presumptive Republican nominee Donald Trump.
Hong Kong Monetary Authority Reports 1.1% Increase in May 2024 Deposits
According to the Hong Kong Monetary Authority (HKMA), total deposits with authorized institutions in Hong Kong saw an increase of 1.1% in May 2024. The data, released on June 28, highlights that Hong Kong dollar deposits grew by 0.3%...
ASX confirms plans for staged implementation of CHESS replacement project
ASX today confirmed it is progressing with the targeted delivery of the first phase of the CHESS replacement project in 2026, as previously announced in November 2023. This comes as ASX today released its response to feedback received on the proposed two stage...
Ai demand for data centers boosts Digital Realty’s prospects, stock wins upgrade
JPMorgan ups data center owner to outperform as a ‘substantial beneficiary of cloud and AI demand for data center capacity.’
Week Ahead – French and UK Elections on the Horizon, US Jobs Report Eyed Too
France and UK go to the polls; will elections bring chaos or order? US payrolls report for June awaited as Fed hawks don’t budge Eurozone CPI, Fed minutes and ECB forum also on investors’ radar Macron’s gamble set to backfire Political risks came back to haunt the...
RBL Bank to raise Rs 65 billion via institutional placement of shares, debt issue, ET BFSI
Indian private lender RBL Bank said on Thursday it will raise up to 65 billion rupees ($779 million) through a combination of qualified institutional placement (QIP) of shares and debt sale. The bank will raise 35 billion rupees through QIP and 30 billion rupees...
Nvidia has added $1.8 trillion of market cap in 2024. Here’s how big that is.
Besides Nvidia itself, there are only four U.S. companies with valuations greater than the amount of Nvidia’s market-cap gains.
Eurozone CPI Report: Further Noise or a Proper Signal to Cut Rates Again?
ECB members disagree about the rates outlook Key data releases including the June CPI figures A soft inflation report is unlikely to result in a dovish July ECB meeting Political risks keep the euro under pressure The ECB hawks are clearly upset It has been three...
Matrixport Unveils First Private Strategy Trading Competition
Matrixport, Asia’s largest one-stop financial services platform, has announced the launch of its first private strategy trading competition. The competition, which began on June 24, 2024, consists of a weekly trial held over four...
FRA40 braced for French elections :: InvestMacro
H2 kicks off with French/UK elections, ECB forum & NFPFRA40 ↓ 5.4% since Macron call for snap electionNational Rally currently leading pollsIndex bearish on D1 but RSI near oversoldKey points of interest – 7700, 200-day SMA, 7470An exceptional list of high-risk...
Tractor Supply ends DEI, Pride support and carbon goals
Shoppers are seen at the parking lot of a Tractor Supply Co. store near Bloomsburg. Paul Weaver | SOPA Images | Lightrocket | Getty ImagesTractor Supply, a retail chain that sells home improvement equipment, livestock and agricultural supplies for farmers and pet...
Consumer sentiment perks up at the end of June, but inflation still a big worry
Consumers were slightly more optimistic about the economy at the end of June, but the effects of high inflation in the past few years still weighed on their minds.
HDFC Bank sets new terms for credit card holders from August 1, ET BFSI
HDFC Bank has announced significant updates to the terms and charges for its credit card holders. These changes, which take effect on August 1, 2024, are detailed on the bank's official website. The revisions cover a range of transaction types and fees.Customers using...
India’s Fiscal Deficit at 3 pc of full FY25 target in April-May: CGA Data, ET BFSI
The central government’s fiscal deficit for April-May 2024 was Rs 50,615 crore, accounting for 3% of the estimated number for the ongoing fiscal year, as per the data released by CGA.Net tax revenues for April-May stood at Rs 3.19 lakh crore, or 12% of the annual...
What Can We Expect from ISM Business PMIs Next Week?
ISM manufacturing PMI to tick higher; services PMI to lose some pace Business outlook could stay unchanged; rate cut forecasts will remain inflation-driven EURUSD stays neutral after core PCE inflation; needs a strong rebound above 1.0885 What happened previously?...
Saxo plans updates on account properties and trading capabilities within SaxoPartnerConnect
Multi-asset investment specialist Saxo Bank plans updates on account properties and trading capabilities within the SaxoPartnerConnect platform. In late July/early August 2024, Saxo will introduce the functionality to modify specific attributes on client accounts...
Chewy’s stock slides one day after Roaring Kitty’s cryptic dog post
Shares of Chewy Inc. are down 9.7% Friday after spiking Thursday in the wake of a cryptic post from influential trader Keith Gill, also known as Roaring Kitty.
Ethereum Developers Discuss Pectra Upgrade and Client Diversity at Consensus Call #136
On June 27, 2024, Ethereum developers convened over Zoom for the All Core Developers Consensus (ACDC) call #136. These bi-weekly meetings focus on discussing and coordinating changes to Ethereum's consensus layer (CL), also known as the...
HSBC taps metaverse to win business from India’s rich diaspora, ET BFSI
HSBC Holdings Plc is testing a range of new products and services as part of its push to win a larger share of business from India’s affluent diaspora, who sent more than $100 billion back home last year.The bank plans to offer dollar-denominated products to...
Weekly Focus – A Summer Full of Data and Central Bank Meetings
This week has been quiet in terms of global macro data and events. In this final Weekly Focus before the summer break, we will thus mainly highlight key data and events to watch until the Weekly Focus returns on Friday, 16 August. This week’s data releases included...
These 20 stocks have been the S&P 500’s biggest losers so far in 2024
The S&P 500 is up nearly 16% so far this year with dividends reinvested. Artificial intelligence has been the big theme driving gains for Big Tech, especially Nvidia Corp. But 38% of the S&P 500 have had negative returns during the first half of 2024.
Gala Games Introduces Tradability of NFTs, Empowering Players Through Web3
Gala Games is revolutionizing the gaming industry by leveraging Web3 technology to empower players with true ownership of their in-game items. This innovative approach allows for the tradability of in-game assets on secondary markets such...
Today, the focus of investors’ attention is on the PCE index data :: InvestMacro
By JustMarketsOn Wednesday, the US stock indices ended trading with an increase. The Dow Jones Index (US30) gained 0.09% on Thursday, and the S&P 500 Index (US500) added 0.09%. The NASDAQ Technology Index (US100) closed positive 0.30%. Stocks were supported amid...
US: Consumer Income and Spending Grow While Inflation Cools in May
Personal income grew 0.5% month-on-month (m/m) in May, up from April’s 0.3% gain, and ahead of market expectations (0.4%). Accounting for inflation and taxes, real personal disposable was also up 0.5% m/m in May, relative to a flat reading in April (revised up from a...
RBI cautions against surge in private credit between corporates and non-banks, ET BFSI
The Reserve Bank of India has cautioned against surge in private credit with a potential interconnectedness between banks and non-banks could create systemic risk in the financial system. In the latest edition of the financial stability report, the regulator said that...
Tech’s dominance of Russell 1000 will hit record levels after latest reconstitution
This year’s furious rally in technology and megacap stocks is set to leave its mark on Friday when FTSE Russell carries out its latest annual index reconstitution.
Bitfarms Welcomes Fanny Philip to Board of Directors
Bitfarms Ltd. (Nasdaq/TSX: BITF), a global Bitcoin (BTC) mining company, has announced the appointment of Fanny Philip to its Board of Directors, effective immediately. The decision, unanimously approved by the Board, expands the board to...
China is testing the limits of U.S.-Philippines defense pact
An aerial view shows a Philippines Navy vessel that has been grounded since 1999 to assert the nation's sovereignty over the Second Thomas Shoal, a remote South China Sea reef also claimed by China.Jay Directo | Afp | Getty ImagesChina has stepped up its aggression...
Exclusive: MultiBank CSO Ruslan Abuzant departs
FNG Exclusive… FNG has learned that experienced FX industry executive Ruslan Abuzant has left his position as Chief Strategy Officer (CSO) of leading UAE-based Retail FX and CFDs broker MultiBank. Ruslan Abuzant joined MultiBank in 2022 as Head of IT, relocating from...
Why was Alphabet’s stock just downgraded? An analyst sees six risks for Google.
One Rosenblatt analyst recommends that investors take a pause on Alphabet shares given changes around AI and the broad ad market.
Dollar Dips Slightly on PCE Core, But Overall Market Reactions Subdued
Dollar dips slightly in early US session, following the release of May’s PCE core inflation data. This Fed’s preferred measure of inflation indicated a continued, though modest, progress in disinflation. However, the financial market’s response to the report was...
Pranav Gundlapalle, Sanford C Bernstein, ET BFSI
Pranav Gundlapalle, Senior Research Analyst, Sanford C Bernstein, says expects private sector banks to outperform the public sector banks from now onwards, both in terms of the EPS growth numbers or even the fundamental metrics. What has not helped them from a stock...
I’m 40 with two school-age kids. I want to leave my corporate job and live off the interest from my $500,000 investments. Is this a wise move?
“Should I pay off the mortgage or go with the plan to make money through investments?”
Govt’s gross liabilities rise by 3.4 pc to Rs 171.78 lakh crore at March-end: Finance Ministry, ET BFSI
New Delhi, Total gross liabilities of the government increased to Rs 171.78 lakh crore at the end of March 2024 from Rs 166.14 lakh crore at December-end, the finance ministry has said. This represented a quarter-on-quarter increase of 3.4 per cent in the fourth...
Canada’s GDP grows 0.3% mom in Apr, matches expectations
Canada’s GDP grew 0.3% mom in April, matched expectations. Both goods-producing (+0.3%) and services-producing (+0.3%) industries contributed to the growth with 15 of 20 sectors increasing in the month. Advance information indicates that real GDP rose 0.1% mom in May....
Alpha Group International to commence new share buyback program
Alpha Group International plc, a provider of financial solutions to corporates and institutions, announces that it intends to commence a new share buyback programme to purchase ordinary shares of 0.2p each. The company has allocated a further £20 million from its cash...
Astar Network Unveils Next Steps for Yoki Rewards Program
Astar Network has announced the upcoming phases for its Yoki Rewards program, according to a recent blog post by the platform. The initiative is designed to bolster user engagement and drive the overall growth of the blockchain ecosystem....
DJT shares rise after Biden stumbles in Trump debate
Republican candidate, former U.S. President Donald Trump, speaks as he attends a presidential debate with Democrat candidate, U.S. President Joe Biden, in Atlanta, Georgia, U.S., June 27, 2024. Brian Snyder | ReutersThe stock price of Trump Media soared more than 11%...
Bankrupt Fisker is recalling 12,523 vehicles to address outer door handle defect
Fisker Inc. said Friday it has issued a voluntary recall of 12,523 vehicles in North America and Europe to address an issue involving the outer door handles.
HDFC Bank frontrunner in credit cards market, SBI leads in debit cards in May’24, ET BFSI
India's largest public sector lender, the State Bank of India, remained the front runner in the Debit cards market, holding a whopping 24 per cent market share in May 2024 while in credit cards HDFC Bank maintained the top position with a 20 per cent market share,...
Outcomes of FATF’s mutual evaluation to boost global penetration of UPI: FinMin, ET BFSI
Outcomes of FATF’s mutual evaluation to boost global penetration of UPI: FinMinIn a big push for India towards its economic growth journey, the Mutual Evaluation conducted during 2023-24 by Financial Action Task Force (FATF) has placed the country in the ‘regular...
Pfizer stock recovers after Covid decline but some employees struggle
Kena Betancur | Corbis News | Getty ImagesPfizer had a "phenomenal" first quarter — and Wall Street took notice, CEO Albert Bourla told thousands of employees during a companywide town hall on May 2, according to a recording heard by CNBC. A day earlier, the...
EUR/USD Continues to Struggle Amid US Inflation Concerns
EUR/USD is on a downward trajectory on Friday, hovering around 1.0686 after a short-lived pause. The dollar experienced a temporary dip due to mixed American economic indicators and market anticipation ahead of the critical Core PCE inflation report, a significant...
Ex Doto/CFI exec Demetrios Zamboglou joins BlockFills as UAE GM
FNG has learned that longtime FX and CFDs industry executive Demetrios Zamboglou has joined digital asset trading technology company BlockFills, as BlockFills’ new General Manager UAE. Demetrios Zamboglou joined CFI as Chief Operating Officer in 2020, leaving in 2022...
Moderna’s RSV vaccine gets positive opinion from EU advisory panel
The vaccine, called mResvia, has already been approved by the U.S. Food and Drug Administration, becoming Moderna’s second approved product after its COVID-19 vaccine, Spikevax.
Iran votes in presidential election amid economic strife, regional war, crackdowns
Iranian women cast their ballots at a polling station during elections to select members of parliament and a key clerical body, in Tehran on March 1, 2024.ATTA KENARE | AFPIran is voting for its next president Friday in a snap election following the unexpected death...
ECB’s Villeroy: Confidence grows in inflation forecasts as data surprises diminish
ECB Governing Council member François Villeroy de Galhau expressed increased confidence in the inflation forecast today, noting that the frequency of data surprises has diminished. “As data surprises are now smaller and revisions to the current assessment more minor...
Ensuring Integrity: Secure LLM Tokenizers Against Potential Threats
In a recent blog post, NVIDIA's AI Red Team has shed light on potential vulnerabilities in large language model (LLM) tokenizers and has provided strategies to mitigate these risks. Tokenizers, which convert input strings into token IDs...
Banks may relatively underperform compared to rest of the market: Ajay Srivastava, ET BFSI
"It is good for everybody, good for investors, good for savers, good interest rate and with the rains coming I think we finally can hear sigh of relief that what was the biggest question mark in the economy possibly will get addressed in the next 30-60 days," says...
Oil prices rise, head for monthly gains as Middle East fears simmer
Oil futures rose Friday, on track to book monthly gains as investors continued to fret over the possibility of a wider Middle East conflict that could threaten flows of crude out of the region.
FCA issues reminder of expected cessation of remaining synthetic USD LIBOR settings
The UK Financial Conduct Authority (FCA) has issued a reminder of the expected cessation of the remaining synthetic US dollar LIBOR settings at the end of September 2024. It’s now 3 months to go until the 1-, 3- and 6-month synthetic US dollar LIBOR settings are...
Highest default in personal loans recorded in education, lowest in housing: RBI, ET BFSI
Highest default in personal loans recorded in education, lowest in housing: RBI The Non-performing assets (NPA) are on a rise in the personal loan space as the recent data from the Reserve Bank of India (RBI) highlighted that the highest default was in the education...
USD/JPY Flat, Tokyo Core CPI Higher Than Expected
Japanese yen pushes above 161 The Japanese yen is unchanged on Friday, but has managed to set a new low against the US dollar. The yen is trading at 160.72 in the European session and fell as low as 161.28 earlier, its lowest level since 1986. Tokyo Core CPI...
EOS Network Foundation Unveils New Staking Rewards Structure
Introduction of New Staking RewardsThe EOS Network Foundation (ENF), under the leadership of Executive Director and Founder Yves La Rose, has announced significant changes to the EOS staking rewards system. This move aims to enhance the...
Engaged couples spend a fortune on weddings. They’d be happier investing in their marriage.
“We don’t need to learn anything about money for our marriage,” one bride says. Actually, they do.
How the global media reacted to the presidential debate
Members of the media work during the first presidential debate with US President Joe Biden and former US President Donald Trump in Atlanta, Georgia, US, on Thursday, June 27, 2024.Eva Marie Uzcategui | Bloomberg | Getty ImagesChina: 'Starkly different visions' of...
Sensex breaches historic 79,000-mark; Nifty hits new record peak, ET BFSI
Mumbai, Benchmark indices rebounded after falling in early trade on Thursday, with the Sensex breaching the historic 79,000-mark for the first time and the Nifty hitting its fresh record high, amid buying in blue-chip stocks. The 30-share BSE Sensex jumped 339.51...
A Comprehensive List of Best Web3 Gaming Platforms
The pace of innovation in the gaming industry has increased with the arrival of web3 gaming. Web3 games use blockchain technology to introduce revolutionary changes in the experience of players. The best web3 gaming platforms have been pushing the boundaries of gaming...
OpenAI Unveils CriticGPT to Identify GPT-4 Errors
OpenAI has announced the launch of CriticGPT, a new model based on GPT-4, aimed at identifying and critiquing mistakes made by ChatGPT. This innovative approach is designed to assist human trainers in the process of Reinforcement Learning...
Fall in Household Financial Savings actually a worry, BFSI News, ET BFSI
Even as jury is out whether the fall in financial savings of the household is anything to worry about as it has gone towards buying physical assets, the Reserve Bank of India has warned that from the financial stability perspective, household debt needs to be closely...
Trump Media’s stock up 8% as markets react to Biden’s uneven debate performance
Trump Media & Technology Group Corp.’s stock rose 8% early Friday, after widespread criticism of the performance of incumbent President Joe Biden in his first presidential debate with former President Donald Trump.
GBP/USD Daily Outlook – Action Forex
Daily Pivots: (S1) 1.2612; (P) 1.2641; (R1) 1.2670; More… No change in GBP/USD’s outlook and further decline is expected with 1.2702 resistance intact. Sustained trading below 1.2633 resistance turned support will argue that whole rise from 1.2298 has completed, and...
Saxo Bank publishes findings of Q3 2024 investor survey
Saxo Bank has run another survey of their clients to gain insights into how they predict the markets will move in Q3. The latest Saxo client pulse survey indicates a general positive sentiment regarding global equity markets and sector performance, with the majority...
Specter of Putin casts a shadow over the Trump-Biden debate
Russia's President Vladimir Putin attends a concert at the Hanoi Opera House in Hanoi on June 20, 2024.Gavriil Grigorov | Afp | Getty ImagesThere appeared to be an additional presence on stage with Democratic U.S. President Joe Biden and Republican former President...
Globalization of MSMEs critical for India to achieve the $5 trillion economy goal, ET BFSI
It's not just a good opportunity for Indian MSMEs to go global, it's necessary for a developed India.The 27th day of June is commemorated as World MSME Day 2024 to acknowledge the contribution of Micro, Small, and Medium Enterprises towards the achievement of the...
After Biden’s debate showing, markets confront chance of a new candidate
Polling expert Nate Silver says California Gov. Gavin Newsom or Vice President Kamala Harris would be better choices.
EUR/USD Daily Outlook – Action Forex
Daily Pivots: (S1) 1.0658; (P) 1.0688; (R1) 1.0710; More…. Range trading continues in EUR/USD and intraday bias remains neutral. Outlook stays bearish with 1.0760 resistance intact. Decline from 1.0915 is seen as another leg in the larger corrective pattern. Firm...
HK regulator warns public of Tokencan, VBIT Exchange and HKD.com Corporation
The Securities and Futures Commission (SFC) of Hong Kong today warned the public of entities suspected of virtual asset-related fraudulent activities and/or operating virtual asset trading platform (VATP) in Hong Kong without a licence. Tokencan – a purported VATP...
Rivian investor day focuses on cost reductions, efficiency gains
A Thursday investor event for Rivian Automotive that focused on cost-cutting efforts, efficiency gains and in-house technologies and software wasn't enough to build on the company's significant share growth this week.Shares of the all-electric vehicle startup fell by...
TIME Partners with ElevenLabs to Enhance Audio Accessible Content
TIME, a renowned global media brand, has announced a strategic partnership with ElevenLabs, an innovative text-to-speech technology company, to advance the creation of audio accessible content. This collaboration aims to make TIME's...
Budget to accelerate pace of reforms, take many historic steps: President, ET BFSI
New Delhi, The first budget of the newly-formed NDA government next month will take "many historic steps" as well as accelerate the pace of economic reforms and lay a roadmap for 'far-reaching policies' and 'futuristic vision' of the government to make India the...
Your 401(k) is easier to manage than ever thanks to these 3 game changers
Younger workers are reaping the benefits of years of improvements to employer retirement-savings plans.
Market Analysis: GBP/USD Turns Red While USD/CAD Rallies
GBP/USD declined below the 1.2670 support zone. USD/CAD is rising and might aim for more gains above the 1.3735 resistance. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound started a fresh decline from the 1.2700 resistance zone. There is a...
Are banks open or closed this Saturday, June 29, 2024?, BFSI News, ET BFSI
The Reserve Bank of India plays a crucial role in determining the bank holidays for the entire year in India. This includes all types of banks, such as cooperative, rural, regional, private, and public sector banks. As per the regulations, all banks will be closed on...
Biden, Democratic fundraisers sound alarm on debate
Many of the Democratic Party's top fundraisers are privately sounding the alarm after President Joe Biden's disappointing debate performance Thursday against Republican former President Donald Trump."Disaster," said a Biden donor who plans to attend a fundraiser with...
‘The time to figure out what went wrong is after you stop the bleeding,’ Jefferies CEO says on Archegos meltdown
The Wall Street veteran said it’s better to exit any positions quickly and take a manageable loss
Listing of RegTech Open Project shares on LSE gets temporarily suspended
RegTech Open Project plc (LON:RTOP) announces that, at the company’s request, the listing of its ordinary shares on the Main Market of the London Stock Exchange has been temporarily suspended with effect from 7.30am today. The company intends to apply to the FCA for a...
Drug prices have risen almost 40% over the past decade
Mike Mergen | Bloomberg | Getty ImagesThe cost of prescription medications in the U.S. has increased 37% since 2014, far surpassing the rate of inflation, according to data from drug savings company GoodRx.Though the price increases have slowed this year in comparison...
RBI expresses concern over credit growth, says expansion of above 18% may create risk, ET BFSI
Voicing concerns yet again, the Reserve Bank of India on Thursday said that credit expansion in excess of 18% could put the financial system to the test given the widening gap between credit and deposit growth. The central bank has been advising banks to review...
CAD: GDP Data Incoming – Action Forex
The Canadian Dollar (CAD) saw volatile movement on Thursday due to mixed US economic data and a lack of domestic updates. With Canada absent from the economic calendar until Friday’s GDP report, the CAD was influenced by US figures. Markets are now focused on the...
JP Morgan to include India bonds in EM index from today, pave way for $25-30 billion inflows, ET BFSI
JP Morgan will include Indian bonds in its JP Morgan GBI-EM Global Series of indices on Friday, marking a significant milestone for the country's bond market. This inclusion is expected to pave the way for substantial foreign investments, potentially amounting to...
Nike wants to sell fewer classic sneakers, roll out more new ones in bid to revive demand
Shares of Nike Inc. tumbled after hours on Thursday after the athletic-wear giant dimmed its expectations for the year as it grapples with wobbling consumer demand, cuts production on lower-selling classic sneakers and waits for potential gains from newer shoes to...
SoftBank to raise $1.86 billion in debt as CEO talks up ‘super’ AI
Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks during the company's annual general meeting in Tokyo, Japan, on Friday, June 20, 2024. Son sketched out ambitions to help create AI thousands of times smarter than any human, making...
LangChain Introduces LangGraph v0.1 and LangGraph Cloud for Scalable AI Agent Deployment
LangChain has unveiled two major developments aimed at enhancing the deployment and management of AI agents. The company announced the stable release of LangGraph v0.1 and introduced LangGraph Cloud, an infrastructure designed to run...
These government employees to get higher salary, ET BFSI
The Employees' Provident Fund Organisation (EPFO) has decided to discontinue the deductions under the Group Insurance Scheme (GIS) with immediate effect for government employees who joined service after September 1, 2013."It is directed to discontinue the deductions...
Full recap of 2024 presidential debate between Biden and Trump
Biden on his debate performance: 'I think we did well'Democrat candidate, U.S. President Joe Biden, embraces first lady Dr. Jill Biden after the conclusion of a presidential debate with Republican candidate, former U.S. President Donald Trump, in Atlanta, Georgia,...
Climate moves up in domestic high risk category, says RBI’s Financial Stability Report, ET BFSI
In case of domestic risks, climate risk has moved up within the ‘high’ risk category and risk to consumption demand inched up, according to the Reserve Bank of India's systemic risk survey conducted in May 2024.Other key risks (viz., domestic inflation, current...
Nike (NKE) earnings Q4 2024
Nike shoes and logo are seen at a store in Nice, France on May 28, 2024.Jakub Porzycki | Nurphoto | Getty ImagesShares of Nike plunged on Thursday after the retailer cut its full-year guidance and said it expects sales to drop 10% during its current quarter as it...
Court orders Ferratum Australia to pay $16M in penalties for prohibited fees and deficient systems
Ferratum Australia Pty Ltd (in liquidation) has been ordered to pay a total of $16 million in penalties by the Federal Court for numerous contraventions of the National Consumer Protection Act and the National Credit Code. The Court had earlier found that Ferratum...
GBPJPY Unlocks New 16-Year High
GBPJPY posts several green days RSI and stochastics are overstretched GBPJPY is recording the tenth consecutive green day, posting a fresh 16-year high of 203.57. The market is looking positive, but the technical oscillators are suggesting overstretched momentum. The...
Infinera’s stock rockets 18% after $2.3 billion purchase by Nokia
Shares of Infinera Corp. rally after hours Thursday after a $2.3 billion deal with Finnish telecom giant Nokia Corp.
Peter Thiel says, ‘If you hold a gun to my head I’ll vote for Trump’
Then-president-elect Donald Trump shakes the hand of Peter Thiel during a meeting with technology executives at Trump Tower, December 14, 2016 in New York City.Getty ImagesPeter Thiel, once one of Donald Trump's major financial backers in the tech industry, said...
Worldcoin (WLD) Announces Recipients of Wave1 Community Grants
The Worldcoin (WLD) Foundation has announced the selected grantees for Wave1 of the Worldcoin Community Grants Program. Building on the success of the inaugural Wave0, the Wave1 grantees are set to collaborate with other Worldcoin...
SIDBI bats for sustainable development of MSMEs, BFSI News, ET BFSI
Kolkata: Small Industries Development Bank of India (SIDBI) has been making efforts for sustainable development of the MSME sector, which plays a key role in the economy, a senior official of the financial institution said on Thursday. Deputy Managing Director of...
Financial sector strong but RBI watchful of emerging risks, says RBI Governor Das, ET BFSI
Indian financial institutions have strong balance sheets, low levels of impairments and strong capital buffers, but the Reserve Bank of India (RBI) remains watchful of the emerging risks, including those from cyber hazards, climate change and global spillovers,...
Heatwaves may keep food inflation elevated and overshoot RBI’s inflation projection for H1 of FY25, ET BFSI
The onging heatwaves in the country are likely to keep food inflation elevated for longer and overshoot RBI's inflation projection for Q1 as well as Q2 of FY24"Heatwave seems to be persisting longer than usual with IMD alerts for certain northern States and Eastern...
FX option expiries for 28 June 10am New York cut
There are a couple of large ones to take note of, as highlighted in bold.And they are all for EUR/USD, layered between 1.0650 through to 1.0725. That is likely to help lock price action in European trading, before the expiries roll off later in the day. If anything,...
‘My stepmother makes me feel unwelcome’: I bought a house for my father in 2008, but now he wants me to sign over a 50% share for his third wife
“He has been married to his third wife for three years; she has asked him where she will live when he passes.”
AI’s power is worthless without data privacy
Honor CEO George Zhao (L) and GSMA CEO John Hoffman on stage at Shanghai Mobile World Congress during an awards ceremony on June 27, 2024.HonorHANGZHOU, China — The transforming power of artificial intelligence is of no value unless user data is protected, CEO of...
Tesla loses its EV quality edge
A dog looks out the window from a Tesla electric vehicle charging at a Tesla Supercharger location in Santa Monica, California on May 15, 2024. Patrick T. Fallon | AFP | Getty ImagesTesla is losing its lead over legacy automakers in the quality of its new all-electric...
EU leaders pick von der Leyen for second term as Commission chief
European Commission President Ursula von der Leyen speaks during a press conference, Nurphoto | Getty ImagesEuropean Union leaders agreed to nominate Ursula von der Leyen of Germany for a second five-year term as president of the European Commission, the EU's powerful...
Dollar Gains Traction Ahead of Key Inflation Data, Yen Struggles Despite Stronger Tokyo CPI
Dollar is showing renewed strength in Asian session, particularly against commodity currencies. Market reactions to the televised debate between US President Joe Biden and former President Donald Trump have been muted, with traders shifting their focus to upcoming...
Character.AI Introduces Character Calls for Seamless Voice Conversations
Character.AI has unveiled a groundbreaking feature, Character Calls, designed to revolutionize user interaction by enabling seamless two-way voice conversations with AI characters. This innovative addition aims to enhance the immersive...
Monster Movers & Shakers :: InvestMacro
Bitcoin ↑ almost 45% in H1Gold ↑ 12% year-to-date, but are bulls tired?US500 party to roll on or hit final hour?The first half of 2024 has been remarkable for global financial markets.Shifting monetary policy expectations, geopolitical tensions, elections across the...
Treasury-market liquidity is back in focus — but don’t panic yet
Questions are being raised again inside the $27 trillion Treasury market, home of one of the world’s safest and most liquid assets, about the ease with which some U.S. government securities can be bought and sold without a big impact on price.
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2594; (P) 1.2644; (R1) 1.2672; More… Further decline is expected in GBP/USD as long as 1.2702 resistance holds. Sustained trading below 1.2633 resistance turned support will argue that whole rise from 1.2298 has completed, and target 1.2445 and...
Binance P2P Offers 15,000 FDUSD in Rewards for MENASA Users
Binance P2P is launching an exclusive promotion for users in the Middle East, North Africa, and South Asia (MENASA) region, offering 15,000 FDUSD in token voucher rewards. The initiative aims to welcome new users and reward existing ones...
Big US banks withstand Fed’s commercial real estate shock scenario, ET BFSI
Big U.S. banks survived a hypothetical 40% drop in commercial real estate values as a part of the U.S. Federal Reserve's annual health test, easing fears about the banking sector as landlords struggle in a higher-for-longer interest rate world.As risks mount in the...
Oil gains on hopes for better demand as worries over wider Middle East conflict linger
Oil futures settled higher on Thursday, building on price gains for the month so far, as traders hoped for a rebound in U.S. summer gasoline demand, despite data showing a slowdown in consumption of the fuel at the pump last week.
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8950; (P) 0.8967; (R1) 0.8990; More… Intraday bias in USD/CHF stays neutral at this point. Further decline is still expected with 0.8992 resistance intact. Below 0.8912 minor support will bring retest of 0.8825 low. Firm break there will resume...
Exclusive: Former Barclays Bank CEO Tim Throsby joins XTX Markets board
FNG Exclusive… FNG has learned that market maker and algo trading firm XTX Markets has recruited Tim Throsby to its board of directors. Tim Throsby will sit as a non-executive director on the boards of both XTX Markets Limited, and XTX Markets Trading Limited. Tim...
Roaring Kitty posts cryptic dog image, and shares of Chewy, GameStop climb
In his latest social-media post, influential trader Keith Gill, also known as Roaring Kitty, on Thursday posted an image of a dog, marking the latest in a series of cryptic posts on X.
OpenAI, Microsoft sued by Center for Investigative Reporting
The news industry just gained a powerful ally in its effort to take on OpenAI.The Center for Investigative Reporting, the country's oldest nonprofit newsroom, sued OpenAI and lead backer Microsoft in federal court on Thursday for alleged copyright infringement,...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 160.00; (P) 160.43; (R1) 161.26; More… Intraday bias in USD/JPY stays on the upside. Sustained trading above 100% projection of 151.86 to 157.70 from 154.53 at 160.37 will pave the way to 161.8% projection at 163.97. On the downside, below 159.18...
Over 1.5 lakhs money laundering accounts across APAC, 108% rise in voice scams: Report, ET BFSI
According to a latest report by BioCatch, a total of over 1.5 lakhs money laundering accounts were found across APAC. Further, it is to be noted that there was an increase in voice scams of about 108 per cent.Across the APAC region, mobile frauds has grown...
Banque de France and HKMA Collaborate to Enhance CBDC Cross-Border Payments
The Banque de France (BDF) and the Hong Kong Monetary Authority (HKMA) have announced a significant collaboration to advance wholesale central bank digital currency (CBDC) solutions, according to the Hong Kong Monetary Authority. This...
Jefferies’s stock pops to all-time high on dividend boost and earnings beat
The investment bank rallies as it lifts its dividend by nearly 17% and gives a bullish outlook.
KfW issues high-volume benchmark bond via Deutsche Börse’s digital D7 platform
KfW has issued its first high-volume benchmark bond as a central register security according to the German electronic securities act (eWpG) with a value date of 2 July 2024. The issuance was facilitated by Clearstream via Deutsche Börse’s digital securities platform...
Trump will debate Biden while under gag orders. What he can’t say
President Joe Biden and former President Donald Trump 2024.Kevin Lamarque | Jay Paul | ReutersWhen he faces President Joe Biden in Thursday's debate, former President Donald Trump will have to watch his tongue.Trump is still bound by multiple court-imposed gag orders...
Sunset Market Commentary – Action Forex
Markets No follow-through price action on yesterday’s rise in long-term yields for now. We at least partially attributed the move to investors’ pondering issues of long-term fiscal sustainability in Europe but also in the US. The Biden-Trump presidential debate later...
Walgreens’ junk bonds among biggest decliners in high-yield market after earnings disappoint
A bond issued by Walgreens Boots Alliance Inc. was one of the biggest decliners in the high-yield market on Thursday, swept up in the downdraft of a stock that was trading at a 27-year low.
Fairfax Group likely to sell 9.72% in CSB Bank, BFSI News, ET BFSI
Mumbai: Indian-born Canadian billionaire Prem Watsa's Fairfax Group is likely to sell a 9.72% stake in CSB Bank on Thursday through block deals to raise about ₹595 crore. According to the term sheet issued by the banker IIFL, FIH Mauritius Investments, an entity...
Silver prices fell to a 6-week low. Japanese authorities may intervene again to support the yen exchange rate :: InvestMacro
By JustMarketsOn Wednesday, the US stock indices ended trading in a mixed direction. At the end of the day, the Dow Jones Index (US30) rose by 0.04%, and the S&P 500 Index (US500) added 0.16%. The NASDAQ Technology Index (US100) closed positive 0.49%. Stock gains...
USD/JPY Steady as BOJ Watches With Sense of Urgency
Japanese yen remains below 160 USD/JPY is trading at 160.38 early in the North American session, down 0.25% on the day. The Japanese yen has been trading below 160 on Thursday, after dropping as low as 160.87 on Wednesday, its lowest level since December 1986. As the...
SFC and HKMA Release Updated List of Financial Service Providers for OTC Derivatives
The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) have announced the completion of their annual updates to the list of recognized financial services providers under the over-the-counter (OTC)...
SpaceX tender offer would value Elon Musk’s space company at $210 billion, report says
Elon Musk’s SpaceX will sell insider shares in a tender offer that values the private space company at over $200 billion, according to a report.
Figma CEO says it’s ‘eating cost’ of AI for customers in 2024 upgrade
As design firm Figma rolls out its first major AI upgrade for its platform, CEO and founder Dylan Field is taking no chances with customers amid steep AI adoption and demand curves and consumer hype. Figma is paying the cost of the AI upgrade for now instead of...
HKMA Releases June 2024 Quarterly Bulletin Highlighting Banking Sector Developments
The Hong Kong Monetary Authority (HKMA) has unveiled the June 2024 issue of its Quarterly Bulletin, which features an in-depth examination of recent developments within the banking sector, according to the official HKMA. Key Highlights...
World Bank report, ET BFSI
Washington, India received USD 120 billion in remittances in 2023, which is almost twice of USD 66 billion received by Mexico during the same period, the World Bank said in a report released on Wednesday. China (USD 50 billion), the Philippines (USD 39 billion), and...
Home prices begin to cool as active listings jump 35%
A townhouse for sale in the Upper East Side neighborhood of NYC. Adam Jeffery | CNBCSome of the heat is coming out of home prices, even though they're still higher than they were a year ago.Several new reports show the price gains are shrinking and home sellers are...
US Dollar on Edge: How PCE Data Could Shake Uup the Markets
What is the US PCE data and why is it important? Uncertainty regarding the Federal Reserve and US Dollar remains high due to conflicting US data and global inflation concerns. The upcoming PCE data release is highly anticipated as it may influence the Fed’s stance on...
Recession almost ruined our retirement — but now we’re living the good life in Ecuador for $2,000 a month
The financial wreck of their lives was replaced with an upscale lifestyle they never could have imagined
Nium appoints Spencer Hanlon as Chief Operating Officer
Nium, a provider of real-time cross-border payments, today announced the appointment of Spencer Hanlon to the role of Chief Operating Officer (COO). Previously, Hanlon served as Nium’s Global Head of Travel, spearheading one of the company’s fastest-growing business...
Fed’s Bostic sees one rate cut as likely this year but says he isn’t ‘locked in’
Atlanta Federal Reserve Bank President Raphael Bostic said Thursday that he is sticking with his forecast of one quarter-point interest-rate cut this year, sometime in the October-December quarter.
Chinese automakers expected to achieve 33% global market share by 2030
GUANGZHOU, CHINA - NOVEMBER 17: A GAC Aion Hyper SSR electric sports car is on display during the Auto Guangzhou 2023 at China Import & Export Fair Pazhou Complex on November 17, 2023 in Guangzhou, Guangdong Province of China. (Photo by Chen Yihang/VCG via Getty...
JP 225 Extends Rally to 2-Month High
JP 225 index has been steadily advancing in the short term On Wednesday, price jumped to its highest since April 12 Momentum indicators are heavily skewed to the upside The JP 225 index (cash) had been trading without clear direction since early May, fluctuating...
Money B Unveils NFT Track ‘Sit Next to Me’ on Gala Music Featuring Guapdad 4000
Hip hop legend Money B has made a significant entry into the world of NFTs with the release of his new track “Sit Next to Me,” featuring Guapdad 4000, on the Gala Music platform. The track, available as a limited edition NFT, marks...
Banks will be closed for 12 days in July; here’s the full state-wise bank holiday list, ET BFSI
Banks will be closed for 12 days in July 2024 across different states, according to the Reserve Bank of India (RBI) holiday list. The holidays include regional, national holidays as well as both the second and fourth Saturdays as well as Sundays.Banks will be closed...
Here’s some tips for getting into the market :: InvestMacro
By Sorin Rizeanu, University of Victoria You’ve likely heard of Minecraft. It’s a simple game where you slowly place blocks and craft items from containers to castles and entire cities. You’ve probably also heard of the first-person shooter Call of Duty (COD), where...
PCE inflation report likely to show little or no price increases in past month
The Federal Reserve has been waiting for good news on inflation all year — and now it looks like it’s going to get it on Friday.
Gold Rebounds from Near the Lower End of its Range
Gold bulls step in from near key support zone RSI and MACD suggest momentum is turning positive Advances within the current sideways range may be possible A dip below 2,290 could invite the bears back into the game Gold is trading higher today, after hitting support...
Gilts to shine brighter from tomorrow, BFSI News, ET BFSI
Mumbai: From Friday, a new era of global interconnectedness begins for the Indian sovereign debt market with government bonds' inclusion in an international bond index set to attract billions of dollars of foreign money and increase worldwide scrutiny on the country's...
Sebi approves norms to regulate finfluencers, bars REs association with them, ET BFSI
Securities and Exchange Board of India (Sebi) on Thursday approved norms to regulate misinformation through financial influencers or finfluencers by restricting association of its regulated entities with any unregistered person.In its board meeting the market...
Supreme Court gives emergency abortion care in Idaho a temporary reprieve
The U.S. Supreme Court on Thursday allowed for provision of emergency abortion care in Idaho hospitals but avoided wading into the legal issues at the heart of a case that has broad implications for the emergency care of pregnant people.
OKX to Delist Fetch.ai (FET) Margin Trading Pair and Perpetual Futures
Cryptocurrency exchange OKX has announced its decision to delist the Fetch.ai (FET) margin trading pair and perpetual futures, in alignment with Fetch.ai’s official migration requirements, according to OKX. Details of the Delisting The...
FINRA reminds firms of their regulatory obligations when using Gen AI
The Financial Industry Regulatory Authority (FINRA) reminds its member firms that FINRA’s rules–which are intended to be technology neutral–and the securities laws more generally, continue to apply when member firms use Gen AI or similar technologies in the course of...
Is a China-Taiwan Conflict Likely? Watch the Region’s Stock Market Indexes
The U.S. government in early May sanctioned 300 Chinese entities for supplying machine tools and parts to Russia for its war against Ukraine, while in mid-May Russian president Vladimir Putin made a two-day visit to China. In turn I found myself thinking about how...
Palo Alto Networks, Salesforce shares see big boosts as Nvidia stock rally cools
A Mizuho analyst is intrigued by what he views to be a rotation into the software sector as the chip trade fades.
Bandhan Employees’ Welfare Trust to move court following allegation against Chandra Shekhar Ghosh, ET BFSI
Bandhan Employees' Welfare Trust, which is in the midst of a storm following agitations by a section of its members against Bandhan group founder Chandra Shehar Ghosh for alleged irregularities in running the trust, has termed the agitation "baseless and motivated,...
Fed’s Bostic sees potential for rate cut in Q4
In an essay, Atlanta Fed President Raphael Bostic anticipates that gradual slowdown in the labor market and overall economic activity will lead to inflation decreasing to the target level of 2% by 2025, or slightly later. Bostic mentioned that instead of maintaining...
Is It Time To Unload Nvidia? :: InvestMacro
Source: Streetwise Reports (6/26/24)Some financial experts say yes, others no. Read on to learn the rationale behind the conclusions and stance of several.The movement of Nvidia Corp.’s (NVDA:NASDAQ) stock during June, rising to its all-time high and then plunging,...
Analysts praise banks and puzzle over Fed after stress tests
Oppenheimer warns investors to “try not to burn too many brain cells on deciphering the Fed’s logic.”
Canaan Unveils Immersion Cooling Avalon Miner A1566I at Mining Disrupt 2024
Canaan Inc. (NASDAQ: CAN), a prominent developer of ASIC Bitcoin miners, has introduced its latest innovation, the Avalon Immersion Cooling Miner A1566I, at the Mining Disrupt 2024 conference. The new miner boasts a hash rate of 249 TH/s...
Sadaf Sayeed, CEO of Muthoot Microfin, appointed as Co-Chair of Sa-Dhan, ET BFSI
Sadaf Sayeed, CEO of the Kochi-based Muthoot Microfin, has been appointed as the Co-Chair of Sa-Dhan, the largest and oldest association of microfinance and impact finance institutions in India.The re-election took place during Sa-Dhan's 26th Annual General Body...
Dollar Index: Eases from New Multi-Week Hhigh on US Data, Japan’s Intervention Warning
The dollar index fell on Thursday, following overall slightly better than US data and warning from Japan’s authorities about possible action against sharp fall of yen. The US economy grew by 1.4% in Q1 vs expected 1.3% rise, weekly jobless claims fell below...
First-quarter GDP grew a soft 1.4%, but the U.S. economy might have more ‘spring’ in its step
The U.S. economy’s performance in the first three months of the year didn’t look much better the third time around: The government’s latest estimate of first-quarter annual growth was lifted slightly to a lackluster 1.4%.
OpenAI and Time strike multi-year content deal to improve ChatGPT
Budrul Chukrut | Lightrocket | Getty ImagesOpenAI and Time on Thursday announced a "multi-year content deal" that will allow OpenAI to access current and archived articles from more than 100 years of Time's history.As part of the deal, the Microsoft-backed startup...
SyncTwin Leverages OpenUSD to Transform Microsoft Files into Factory Digital Twins
SyncTwin GmbH, a software company specializing in optimizing production, intralogistics, and assembly, is on a mission to unlock industrial digital twins for small and medium-sized businesses (SMBs), according to the NVIDIA Technical...
eToro renews sponsorship of Operazione Nostalgia
Online broker eToro has renewed its support for Operazione Nostalgia, an organization whose main goal is to highlight the positive values associated with soccer and sports. The trading and investing platform has decided to continue the sponsorship by participating as...
RBI announces SAARC Currency Swap Framework for period 2024 to 2027, ET BFSI
The Reserve Bank of India announced on Thursday its updated Framework on Currency Swap Arrangement for SAARC countries for the period 2024 to 2027, in concurrence with the Government of India.Under this Framework, the Reserve Bank will enter bilateral swap agreements...
Dollar Weakens after Mixed Data, Traders Turn Cautious
Dollar weakens broadly weakening in the early US session following the release of a batch of economic data. Durable goods orders presented a mixed bag. Concurrently, continuing claims for unemployment benefits rose to their highest level in more than two-and-a-half...
Rivian’s stock pulls back as company keeps yearly production target steady
Rivian kept its production outlook for the year intact, even as the company signaled upbeat delivery numbers for its ongoing quarter.
Banks’ gross NPAs at 12-yr low, may fall further to 2.5 pc: RBI report, ET BFSI
Mumbai, The bad assets or gross NPAs of commercial banks fell to a 12-year low of 2.8 per cent in March 2024 and may go down further to 2.5 per cent by the end of the current fiscal, said the RBI's Financial Stability Report (FSR) released on Thursday. Scheduled...
LangChain Introduces Self-Improving Evaluators for LLM-as-a-Judge
LangChain has unveiled a groundbreaking solution for improving the accuracy and relevance of AI-generated outputs by introducing self-improving evaluators for LLM-as-a-Judge systems. This innovation is designed to align machine learning...
SpaceX wins NASA contract for ISS reentry destruction
A satellite image shows an overview of the International Space Station with the Boeing Starliner spacecraft, June 7, 2024.Maxar Technologies | Via ReutersNASA will have a spacecraft from Elon Musk's SpaceX guide the International Space Station's destruction later this...
Yen under pressure as USD/JPY hits new highs since 1986 :: InvestMacro
By RoboForex Analytical DepartmentThe USD/JPY pair soared to 160.34 on Thursday, reaching levels not seen since 1986, as market participants increasingly anticipate potential interventions from Japanese authorities. Despite repeated verbal assurances, the Japanese...
Billionaire Ken Griffin got an apology from the IRS, while everyday taxpayers struggle with this ‘unconscionable’ problem
Taxpayers are facing longer wait times for the IRS to resolve identity theft cases, a new report from the National Taxpayer Advocate finds
US durable goods orders rise 0.1% mom, ex-transport orders down -0.1% mom
US durable goods orders rose 0.1% mom to USD 283.1B in May, above expectation of -0.1% mom. Ex-transport orders fell -0.1% mom to 187.7B, below expectation of 0.1% mom. Ex-defense orders fell -0.2% mom to USD 266.1B. Transportation equipment rose 0.6% mom to USD...
President Murmu hails banking sector, highlights last 10 years achievements, ET BFSI
In her first address to the 18th Lok Sabha members, the President of India, Smt. Droupadi Murmu, highlighted the transformative journey and achievements of the Banking, Financial Services, and Insurance (BFSI) sector over the past decade. The President noted that the...
Emkay Investment Managers launches new AIF; eyes Rs 500 crore, ET BFSI
\New Delhi, Portfolio management firm Emkay Investment Managers Ltd (EIML) on Thursday announced the launch of an alternative investment fund -- Emkay Capital Builder Fund-- through which it is aiming to mobilise Rs 500 crore in the next 6 to 8 months. The open-ended...
Four-week average of U.S. jobless claims hits highest level since September
Claims in latest week fall to 233,000 versus 235,000 expected
How Walmart’s Sam’s Club is trying to take on Costco’s Kirkland
Stuck at home during the Covid pandemic, Megan Crozier needed a way to keep her two young children entertained. She bought an inflatable pool from Sam's Club.The pool began leaking air after just a few uses.For Crozier, chief merchant of the Walmart-owned membership...
US initial jobless claims falls to 233k, vs exp 230k
US initial jobless claims fell -6k to 233k in the week ending June 22, slightly above expectation of 230k. Four-week moving average of initial claims rose 3k to 236k. Continuing claims rose 18k to 1839k in the week ending June 15, highest since November 27, 2021....
TradingView optimizes analysis with new indicators in Stock Screener
TradingView is optimizing analysis with new indicators in the Stock Screener. The Stock Screener now features enhanced indicators for in-depth analysis and stock selection. These additions include various performance ratios, capital and debt management metrics, a new...
Exploring Blast (BLAST): A Yield-Bearing Ethereum Layer 2 Solution
Blast, an Ethereum Layer 2 solution, is making waves in the crypto community with its unique integration of native yield for ETH and stablecoins. According to blog.bitfinex.com, this protocol distributes yield from decentralized sources...
This pioneering JPMorgan portfolio manager says it’s a lot easier these days to find market losers
A long-time JPMorgan fund manager finds it’s easy to find short opportunities.
Illia Polosukhin of Google Transformer 8 and Near on democratizing AI
Before Illia Polosukhin left Google in 2017, he had a brainstorming lunch and then returned to his desk to build what may have been the very first transformer, the neural network architecture that makes generative artificial intelligence possible.Now, Polosukhin is...
Financial stability matrix at best, assign highest priority to governance: Das, ET BFSI
Mumbai, With studies showing gains in asset quality and resilience to withstand stress scenarios, Reserve Bank Governor Shaktikanta Das on Thursday asked financial system stakeholders to assign "highest priority" to governance. "The highest priority must be assigned...
AI-led credit assessment APIs essential to address $530bn MSME credit gap, ET BFSI
As India is aspiring to become a $7 trillion economy by 2030, the country’s MSME sector needs to grow by 40-50% as it has contributed roughly one-third of India’s GDP in the last decade. In order to empower the MSME sector, it is essential to address the credit gap,...
RBA’s Hauser cautions against policy decisions based on single data point
In an event today, RBA Deputy Governor Andrew Hauser emphasized the need for comprehensive analysis before making policy decisions, stating, “it would be a bad mistake to set policy on the basis of one number and we don’t intend to do that.” This comment comes in the...
JPMorgan Chase says Fed stress test results contained an error
JPMorgan Chase CEO and Chairman Jamie Dimon gestures as he speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, D.C.Evelyn Hockstein | ReutersJPMorgan Chase said late...
Here’s the good news on Micron even as stock heads for a post-earnings decline
High-bandwidth memory is becoming a rapidly growing part of Micron’s business.
Exclusive: Valutrades layoffs include BizDev head Lauren Connor
FNG Exclusive… FNG has learned that FCA regulated Retail FX and CFDs broker Valutrades is in the process of completing a round of redundancies in its London office, as the company looks to reduce costs that have been going up rapidly in the face of inflation. Included...
Yen Under Pressure as USD/JPY Hits New Highs Since 1986
The USD/JPY pair soared to 160.34 on Thursday, reaching levels not seen since 1986, as market participants increasingly anticipate potential interventions from Japanese authorities. Despite repeated verbal assurances, the Japanese government has not taken concrete...
Gala Music Unveils Hot Summer Tracks and Exclusive Events
Gala Music is turning up the heat this summer with a slew of new tracks and exclusive events, according to Gala News. The platform is offering fans a variety of fresh music experiences and live shows, featuring notable artists and...
Walgreens (WBA) earnings Q3 2024
In an aerial view, a customer enters a Walgreens store on January 04, 2024 in San Pablo, California. Justin Sullivan | Getty ImagesWalgreens on Thursday reported fiscal third-quarter earnings that fell short of expectations and slashed its full-year adjusted profit...
SBI raises Rs 10,000 cr via bond sales to fund infra projects, ET BFSI
Mumbai: State Bank of India on Wednesday raised ₹10,000 crore through a sale of infrastructure bonds, with the lender's first debt issuance of the current financial year witnessing firm demand from the investors.Separately, ICICI Bank is likely to carry out a sale of...
Walgreens Boots Alliance’s stock slides after profit miss and lowered guidance
Walgreens Boots Alliance Inc.’s stock fell 12% early Thursday, after the drug store chain’s fiscal third-quarter profit fell short of estimates and it again lowered guidance to reflect a stressed consumer following a period of high inflation.
Top 10 Ethereum NFT APIs
Non-fungible tokens are the most crucial components in the domain of web3. The applications of NFTs have transformed digital asset management with proven results. NFTs offer the advantage of exercising true ownership of digital assets through smart contracts on...
Saxo urges OpenAPI developers to update to the latest Excel add-in version
Multi-asset investment specialist Saxo Bank has issued a notice to OpenAPI developers regarding necessary upgrading. As the company is deprecating parts of the old infrastructure, it is important that the developers update to the latest version of the Excel add-in...
WTI Crude Oil Moves Sideways in Near Term
WTI crude oil fails to rally above 81.90 RSI and MACD remain above mid-levels WTI crude oil has been on the sidelines for the most part of the week as the 81.90 level seems to be a real struggle for the bulls. Technically, the price could gain some ground in the...
Sui Blockchain Founders Showcase Expertise Under Pressure at Red Bull Racing Simulator
In an innovative twist to traditional tech discussions, the founders of the Sui blockchain recently demonstrated their knowledge and technical prowess under unique conditions at the Sui Basecamp event. According to The Sui Blog, the event...
Trump and Biden will surprise us if their debate deals with these 4 real dangers to the economy
Deficits, immigration, trade and an independent Fed must be discussed.
FIIs have sold Rs 1 lakh crore worth of stocks from these 5 sectors in H1 of CY24, ET BFSI
A large bulk of selling by foreign institutional investors (FIIs) have been concentrated in the five big sectors of financials, oil & gas, FMCG, IT and construction so far in the first 6 months of calendar year 2024. The cumulative outflow from these 5 sectors has...
Worldcoin (WLD) Partners with Alchemy to Launch World Chain Infrastructure
Worldcoin (WLD) has officially announced a strategic partnership with Alchemy to establish the infrastructure for World Chain, an ecosystem dedicated to decentralized financial and identity applications with real-world utility, according...
What should Biden and Trump say to America’s most important voting bloc — seniors?
Presidential debate topics crucial to older Americans — Social Security, Medicare and Medicaid — must get some airtime.
USD/JPY Rate Hits Highest Level Since 1986
As shown in the USD/JPY chart, today the rate is around 160.58 yen per US dollar. Bloomberg reports the words of Japan’s Finance Minister Shunichi Suzuki: → Stable dynamics are important for currency rates. → Sharp unilateral movements are highly undesirable. → We...
CFI expands FIBA WASL collaboration as league’s Presenting Partner
Leading online trading provider CFI has announced that it has significantly expanded its collaboration with the FIBA West Asia Super League (FIBA WASL), securing a landmark deal with eVulpa LLC, the exclusive FIBA WASL rights holder, as the League’s Presenting...
Trump Media closes up nearly 8%, continuing post-sell-off rally
A smartphone displays the logo of Donald Trump's Truth Social app on March 25, 2024.Anna Barclay | Getty ImagesShares of Trump Media & Technology Group closed up nearly 8% on Wednesday, adding to the stock's post-sell-off rally.The stock initially sank more than...
Indian financiers’ debt lures buyers on widest spread since 2020, ET BFSI
Indian shadow lenders are luring some of the nation’s biggest fund managers as their notes offer the biggest premium in nearly four years over sovereign bonds.Asset managers such as ICICI Prudential Life Insurance Co., Edelweiss Asset Management Ltd. and Star Health...
“India is at the threshold of a major structural shift in its growth trajectory:” RBI Governor Shaktikanta Das at 188th AGM of Bombay Chamber, ET BFSI
VMPLMumbai (Maharashtra) [India], June 26: India is at the threshold of a major structural shift in its growth trajectory, moving towards 8 percent GDP growth in a sustained manner, said RBI Governor Shaktikanta Das. He was speaking at the 188th AGM of Bombay Chamber...
Will Biden and Trump need caffeine to debate? A look at today’s $24 billion energy-drink market.
There are now dozens, maybe hundreds, of brands competing in the energy-drink space, with new ones being launched constantly.
Strategies for your Amazon Business Success with Steven Pope » Succeed As Your Own Boss
In this episode, Steven Pope shares his journey to becoming the Amazon Guy, offers tips on selecting products, conducting market research, and competitive analysis. He discusses pricing strategies, Amazon fulfillment vs. self-shipping, and ways to drive traffic and...
Buyers Failed to Pick Up on the Crypto Market
Market Picture The crypto market has been under moderate but persistent pressure throughout Wednesday, losing 1.26% over the past 24 hours to $2.24 trillion. Prices of top coins are down, except for Toncoin, which adds 1.6% for the day and 19% for 30 days, and Tron...
HKEX to launch Weekly Hang Seng TECH Index Options
Hong Kong Exchanges and Clearing Limited (HKEX) plans to launch Weekly Hang Seng TECH Index Options on 2 September, subject to regulatory approval. Weekly Hang Seng TECH Index Options are options that expire every week, supporting needs of investors to manage their...
Govt plans to set up centre of excellence for R&D work in DPIs, DPGs, ET BFSI
The government plans to set up a centre of excellence to work on research and development in digital public infrastructure (DPI) and digital public goods (DPG), people in the know told ET.“There are a lot of applications in the DPI space built on top of the protocols...
Anthropic Expands Claude AI Access for Government Agencies with AWS Partnership
Anthropic has announced the expansion of access to its AI models, Claude 3 Haiku and Claude 3 Sonnet, for government agencies through the AWS Marketplace and AWS GovCloud. This move aims to leverage the flexibility and security of Amazon...
Here’s what to watch in the first round of France’s parliamentary elections
The first round of France’s complicated parliamentary election is held Sunday, with the eurozone’s second-largest economy likely headed to a legislative stalemate.
Amazon plans discount store in bid to fend off Temu and Shein
An Amazon contract worker stacks packages onto a luggage cart outside an apartment building in New York on April 16, 2024.Angus Mordant | Bloomberg | Getty ImagesAmazon plans to launch a new section on its site dedicated to low-priced fashion and lifestyle items that...
Eurozone economic sentiment falls slightly to 95.9, EU ticks down to 96.4
Eurozone Economic Sentiment Indicator ticked down from 96.1 to 95.9 in June. Employment Expectation Indicator fell from 101.3 to 99.7. Economic Uncertainty Indicator fell from 18.5 to 18.0. Eurozone industry confidence fell from -9.9 to -10.1. Services confidence fell...
Biden Cabinet unveils new plans to lower prices before Trump debate
U.S. President Joe Biden delivers remarks alongside Treasury Secretary Janet Yellen and Commerce Secretary Gina Raimondo during a Cabinet Meeting at the White House on June 06, 2023 in Washington, DC.Kevin Dietsch | Getty ImagesPresident Joe Biden's Cabinet will wrap...
ICICI Bank hits $100 billion market cap, what’s driving the performance?, ET BFSI
ICICI Bank has been demonstrating impressive growth and strategic development, outpacing system credit growth with a strong focus on quality underwriting and diversification. This performance is driven by a combination of robust loan growth, technological...
Check out Olivia Newton-John’s 12-acre California ranch, asking $9 million
The picturesque estate is just steps from the Santa Ynez River, nestled amid lush greenery and mountains.
Micron shares slide after revenue forecast fails to top estimates
Sanjay Mehrotra, Micron Technology President & CEO at the WEF in Davos, Switzerland on May 24th, 2022.Adam Galica | CNBCMicron shares fell about 7% in extended trading on Wednesday as investors looked past better-than-expected results and focused instead on a...
SquaredFinancial introduces its Social Trading tool on MT4
Fintech firm SquaredFinancial is introducing its Social Trading on the MetaTrader 4 (MT4) platform. This functional solution gives traders, who should have an understanding of the potential risks, easy access to copy trading on this industry-standard and go-to-choice...
European Currencies Face a Crucial Test: What to Expect
The end of June and the beginning of July are packed with significant economic and political events for the pound and the euro. A few weeks ago, Emmanuel Macron dissolved the parliament and announced snap parliamentary elections. He took this step after the far-right...
What is FRBM Act? Why is FRBM Act important in Budget?
The Fiscal Responsibility and Budget Management Act (FRBM Act), enacted in 2003, establishes financial discipline with the aim of reducing fiscal deficit.Enactment of the FRBM Act: Who and When?The FRBM Bill was introduced in 2000 by the then finance minister,...
The Happiness Habits Hidden in Your YNAB Routine
36…37…38… Every second drags on, as the icy cold water washes over me. The frigid cascade takes my breath away during the slow count up to sixty seconds. But I endure it, even embrace it. And afterwards, my body sings and my senses are sharpened. I feel awakened and...
Bank stress tests are like Monopoly, says one former banker. ‘Do not mistake either for reality.’
One former banker says bank stress tests are essentially worthless exercises after the Federal Reserve gave passing grades to all 31 institutions it tested.
Crypto catches M&A frenzy as bitcoin miners chase AI boom
Whinstone CEO Chad Harris takes CNBC on a tour of the largest bitcoin mine in North America.Crypto companies are suddenly at the center of deal-making. The catalyst is artificial intelligence.Bitcoin mining companies have expansive data centers, with access to fiber...
BitMEX Launches BLASTUSDT Perpetual Swap with Up to 10x Leverage
BitMEX has officially announced the listing of the BLASTUSDT perpetual swap, now available for trading with up to 10x leverage, according to a recent BitMEX Blog post. Details of the New Listing The new listing for the Blast Network...
How rupee went from most to least volatile in Asia, BFSI News, ET BFSI
The rupee has gone from being one of Asia's most volatile currencies to among its most stable in the span of a decade. The turnaround reflects India's growing economic heft and RBI's interventions to manage the rupee's wild swings. With Indian bonds set to join an...
Troops disperse as Bolivia arrests leader of coup attempt
Bolivian forces have arrested the general accused of attempting a coup against the country's government on Wednesday, crowning an hours-long overture by armed soldiers who stormed the national palace.In breakneck developments over a handful of hours, video footage...
How the govt may spend Rs 2.11 lakh crore RBI dividend windfall, ET BFSI
In the upcoming Budget, the central government may largely retain its tax and non-debt capital receipt (including disinvestment) projections as presented during the Interim Budget in February 2024."If so, a transfer of Rs 2.11 lakh crore by the RBI implies excess...
All 31 banks pass annual exercise
Federal Reserve Board Vice Chair for Supervision Michael Barr testifies before a House Financial Services Committee hearing on the response to the bank failures of Silicon Valley Bank and Signature Bank, on Capitol Hill in Washington, D.C., on March 29, 2023.Kevin...
Italian regulator blocks access to websites of CM FX Trade and Investax
Italy’s Companies and Exchange Commission (CONSOB) has ordered the blocking of access to five new websites that offer financial services illegally. The websites targeted by the latest Consob orders are: “FusionLots” (website https://fusionlots.com and related page...
EURUSD Rises Slightly Up After Battle With 8-Week Low
EURUSD holds in sideways move SMAs create bearish crossovers MACD continues to head south EURUSD tested the previous low of 1.0665 on Wednesday, holding within a narrow range of 1.0665-1.0720. The 20- and 50-day simple moving averages (SMAs) posted a bearish crossover...
Micron investors will have to wait for 2025 for a bigger AI payoff
Amid a forecast that was just on target, some may be concerned by set contracts for HBM chips
France’s AI push puts it on the rise
In the 13th arrondissement of the French capital Paris is an old rail freight station that has been converted into the world's biggest startup campus.Known as Station F, the massive complex, which can house 1,000 startups and has corporate partners including U.S. tech...
Are Olympics Winnings Taxed? – Intuit TurboTax Blog
When you think of the Olympics, you probably think about the prestige of competing on the world stage. These athletes, having trained for most of their lives, get a chance to showcase their abilities to the world. For many, it is the apex of athletic achievement. As...
Marathon Digital Holdings Expands into Kaspa (KAS) Mining
Marathon Digital Holdings, a leading company in digital asset compute, announced its expansion into mining Kaspa (KAS), a proof-of-work digital asset. As of June 25, 2024, Marathon has mined 93 million KAS, valued at approximately $15...
Akme Fintrade shares list at 6% premium over issue price, BFSI News, ET BFSI
The shares of Akme Fintrade listed on the exchanges on Wednesday with a premium of 6% on NSE. The stock debuted at Rs 127 on the NSE and at Rs 125.70 on BSE (up 4.75%) against an issue price of Rs 120.Ahead of the listing, the company's shares were trading with a GMP...
New RBI norms leave currency derivatives market with a large number of dollar buyers than sellers, ET BFSI
India's exchange-traded currency derivative market has undergone significant changes following the implementation of new regulatory norms, which have pushed out speculators and mandated that each deal in currency futures and options is based on a genuine, documented...
PhonePe’s PG Solutions help SMEs, MSMEs to scale, ET BFSI
New Delhi, On the occasion of World MSME Day, demonstrating a deep commitment to supporting the backbone of the Indian economy, PhonePe Payment Gateway (PG) on Thursday shared that it is already working with more than half of MSMEs (Micro, Small & Medium...
FX option expiries for 27 June 10am New York cut
There are a couple to take note of on the day, as highlighted in bold.The first ones are for EUR/USD and they are sandwiching the current spot price at 1.0650 and 1.0700. That is likely to help lock price action at the current levels before we get to US trading later....
GSK stock falls more at London open following RSV vaccination news
GSK’s London-listed shares fell even more swiftly their ADRs to news that advisers to the Centers for Disease Control and Prevention shifted their recommendations for who should be vaccinated against respiratory syncytial virus.
Europe wants to deploy data centers into space, study says
A data center.Erik Isakson | DigitalVision | Getty ImagesThe rise of artificial intelligence is skyrocketing demand for data centers to keep pace with the growing tech sector — and pushing Europe to explore space options for digital storage, in a bid to reduce its...
Levi (LEVI) earnings Q2 2024
Denim is having a moment with consumers, but it hasn't led to a major sales boost at Levi Strauss. The jeans creator on Wednesday posted fiscal second-quarter revenue that fell just short of Wall Street's expectations at a time when shoppers are stocking their...
An Israel-Hezbollah war would be devastating to both sides
Black smoke billows following an Israeli air strike that targeted a house in the southern Lebanese village of Khiam near the Lebanese-Israeli border on June 21, 2024, amid ongoing cross-border clashes between Israeli troops and Hezbollah fighters.Rabih Daher | AFP |...
Yen Recovers as Japan Steps Up Verbal Intervention, But No Sign of Lasting Bottom Yet
Yen is showing broad-based recovery today, although the momentum remains weak, following its decline to the lowest level against Dollar since 1986. Japan has finally stepped up its verbal intervention efforts again, with Finance Minister Shunichi Suzuki expressing a...
Binance Implements Stricter Measures to Combat Account Misuse and Enhance Compliance
Binance, one of the world's leading cryptocurrency exchanges, has announced a series of stringent measures to address the misuse of account features on its platform. This move is part of Binance's ongoing commitment to uphold compliance...
Things To Do In Amish Country – Lancaster, PA
In the serene landscape of Pennsylvania Dutch Country, Lancaster County offers a fascinating glimpse into the traditional world of the Amish. This pastoral region, with its rolling farmland, covered bridges and horse-drawn buggies, seems lost in time – a place where...
eToro introduces “Why is it Moving?” feature
Online broker eToro continues to expand the capabilities of its platform, adding a new “Why is it Moving?” feature. This new tool provides real-time explanations for the price movements of stocks traders are interested in. Whether it’s breaking news, an earnings...
GameStop’s trading volume slips to lowest level since early May
GameStop Corp.’s trading volume fell to its lowest level in nearly eight weeks on Wednesday as the dust continues to settle after the recent meme-stock frenzy.
SFC Imposes Three-Year and Seven-Month Ban on Wu Chao
The Securities and Futures Commission (SFC) has announced a significant regulatory action against Wu Chao, imposing a ban lasting three years and seven months. The decision, which was published on June 26, 2024, is a result of Chao's...
Most-active gold futures mark lowest settlement since early May
Gold futures tallied back-to-back losses on Wednesday, sending the most-active contract to its lowest finish in more than seven weeks, as prices on the spot market dipped below a key technical level of $2,300 an ounce.
Why bitcoin and small-cap stocks could rally together
A weekly look at the most important news and moves in crypto, and what’s on the horizon in digital assets.
USD/CHF Daily Outlook – Action Forex
Daily Pivots: (S1) 0.8923; (P) 0.8938; (R1) 0.8964; More…. Intraday bias in USD/CHF remains neutral for the moment. While recovery from 0.8825 might still extend, near term outlook will stay bearish with 0.8992 resistance intact. Below 0.8912 minor support will bring...
BitMEX to Launch BLASTUSDT Perpetual Swap with 10x Leverage
BitMEX, a leading cryptocurrency exchange, has announced the forthcoming listing of a new perpetual swap – BLASTUSDT. According to the BitMEX Blog, the new listing will be available for trading starting on June 27, 2024, at 04:00 UTC,...
Nvidia controls the AI universe now — but these tech giants will lead the next boom
Simple, out-of-the box AI to run a business will be a moneymaker for software providers.
Amazon reaches $2 trillion market cap for the first time
Amazon CEO Andy Jassy.CNBCAmazon shares climbed more than 3% in intraday trading on Wednesday, pushing the company's market cap past $2 trillion for the first time.In crossing the milestone, Amazon joins Nvidia, Apple, Alphabet and Microsoft, all of which are worth $2...
SmartStream upgrades its Advanced Payment Control solution
SmartStream, a financial Transaction Lifecycle Management (TLM) solutions provider, today announces a significant upgrade to its Advanced Payment Control (APC) solution. This update further streamlines and optimises payment investigations by accommodating any number...
Gold: Third Time Lucky for the Bears?
Gold has been under moderate pressure since last Friday, when the price reversed sharply from above $2360. This is an important signal from the bears that they retain control of the market, forming a trend of lower local highs. On Wednesday morning, the price...
Yes Bank restructures workforce, lays off 500 employees in cost-cutting move, ET BFSI
Yes Bank confirmed that it’s looking to become operationally efficient by optimising its workforcePrivate sector lender Yes Bank has given marching orders to at least 500 employees in a restructuring exercise that could see more such layoffs in the coming days,...
Southwest Airlines’ stock reverses losses to trade higher after company cuts revenue guidance
Southwest Airlines Co.’s stock tumbled 10% premarket Wednesday, after the carrier lowered its second-quarter revenue guidance in a dynamic environment.
Nvidia CEO speaks at first shareholder meeting since stock surge
Nvidia's CEO Jensen Huang delivers his keystone speech ahead of Computex 2024 in Taipei on June 2, 2024. Sam Yeh | AFP | Getty ImagesNvidia CEO Jensen Huang said on Wednesday that the company's advantage in artificial intelligence chips was thanks to a bet it made...
XAU/USD: Gold Stands at the Back Foot on Hawkish Comments from Fed
Gold price dipped to one-week low on Wednesday, deflated by the latest hawkish comments from Fed policymakers. The US central bank expects to bring inflation under control by keeping policy rate unchanged for some time, but also reiterated their willingness to...
CySEC withdraws CIF license of Pricewaterhousecoopers Investment Services
The Cyprus Securities and Exchange Commission (CySEC) today announced the withdrawal of the Cyprus investment firm (CIF) authorisation of Pricewaterhousecoopers Investment Services (Cyprus) Ltd. The decision was made during a regulatory meeting held on June 17, 2024....
Biden and Trump: Your presidential debate should tell us tough truths. Start with taxes, tariffs and immigration.
Americans are ready for an honest talk about the country’s direction.
BTFS Enhances Data Security with Integration of DePINs
In a significant development for data security and blockchain technology, the integration of Decentralized Physical Infrastructure Networks (DePINs) with BitTorrent File System (BTFS) encryption strategies is set to revolutionize the...
Google testing facial recognition technology for security near Seattle
Josh Edelson | AFP | Getty ImagesGoogle is testing facial recognition technology for office security "to help prevent unauthorized individuals from gaining access to our campuses," according to a description of the program that was viewed by CNBC.The initial test is...
OKX to Delist AGIX/USDT Margin Trading Pair and Perpetual Futures
OKX to Delist AGIX Margin Trading Pair and Perpetual FuturesOKX, a leading cryptocurrency exchange, has announced the delisting of the AGIX/USDT margin trading pair and AGIXUSDT perpetual futures. This decision aligns with...
YES Bank board to consider fundraising via debt, ET BFSI
YES Bank's board of directors on Tuesday approved borrowing/raising funds by issue of debt securities, the company said in its filing to the exchanges.The lender plans to raise funds in Indian/foreign currency through the issue of debt securities. The options could be...
Amazon shares rise to record high, crossing $2 trillion valuation
Amazon daily chartShares of Amazon are catching a bid today, rising 3.1% to an all time high. The climb above $192 along with 10.406 billion shares outstanding puts the company above a $2 trillion market cap for the first time.That's against earnings guidance of...
Amazon crosses above $2 trillion market cap as only fifth U.S. company to do so
After all the recent attention on Nvidia’s market-capitalization milestones, now it could be Amazon’s time to shine.
Gold Prices Under Pressure as Dollar Index (DXY), US Yields Rise
Gold continues its decline with $2300/oz firmly back in sight. US Dollar index and US 10Y yield continue to rise, US 10Y now at 4.275%. PCE inflation data could be the catalyst needed for gold prices to find some direction. Fundamental Overview Gold prices remain...
RBA may raise rates amid price hikes. BoC is likely to postpone rate cuts amid inflationary pressures :: InvestMacro
By JustMarketsThe US stock indices ended trading mixed on Tuesday. At the end of Tuesday, the Dow Jones Index (US30) was down 0.76%, while the S&P 500 Index (US500) added 0.39%. The NASDAQ Technology Index (US100) closed positive 1.26%. The broader market held its...
Banks seek clarity from RBI on credit card network norms, BFSI News, ET BFSI
Some banks have approached the Reserve Bank of India (RBI) for clarity on guidelines requiring them to offer existing credit card customers a choice of networks such as Rupay, Visa, and MasterCard. According to the Reserve Bank guidelines issued in March, card issuers...
Most retail investors are holding on to their cash these days. Here’s why.
The S&P 500 index is up over 14% year to date and the Nasdaq Composite is up 18%, but retail investors still think cash is king.
Crypto super PAC notches wins in House, Senate races
Ripple cryptocurrency is seen in this illustration photo taken in Krakow, Poland on June 4, 2021. (Photo Illustration by Jakub Porzycki/NurPhoto via Getty Images)Jakub Porzycki | Nurphoto | Getty ImagesWASHINGTON — A super PAC bankrolled by top crypto companies...
Binance to Delist Multiple Spot Trading Pairs Including SHIB/TUSD and LINK/TUSD
In a recent announcement, Binance revealed its decision to delist several spot trading pairs as part of its periodic review process aimed at maintaining a high-quality trading market. According to Binance, the delisting is a result of...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 159.33; (P) 159.55; (R1) 159.90; More… Intraday bias in USD/JPY is back on the upside as recent rally resumed through 159.92 temporary top after brief consolidations. Decisive break of 100% projection of 151.86 to 157.70 from 154.53 at 160.37 will...
You think your 401(k) looks bad? These people are doing worse — don’t be one of them.
Retirement may be out of reach for the average person lacking financial education and resources.
Apple expands its self-service repair program to Europe
Dominika Zarzycka | Lightrocket | Getty ImagesApple announced on Thursday that its self-service repair program is now available in Europe.The program, dubbed Apple Diagnostics for Self Service Repair, gives consumers the ability to test products for optimal parts...
Exclusive: Sales Manager Ahmed Gomaa leaves Doo Prime
FNG Exclusive… FNG has learned that experienced MENA region executive Ahmed Gomaa has left his position as Sales Manager at Retail FX and CFDs broker Doo Prime. Ahmed Gomaa had joined Doo Prime earlier this year, as was also reported exclusively at the time here at...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8923; (P) 0.8938; (R1) 0.8964; More… Intraday bias in USD/CHF stays neutral at this point. Near term outlook will stay bearish with 0.8992 resistance intact. Below 0.8912 minor support will bring retest of 0.8825 low. Firm break there will resume...
ICICI Bank 6th Indian company to join the league, ET BFSI
Mumbai: ICICI Bank on Tuesday became the sixth Indian company to achieve a market capitalisation of $100 billion after the stock rose by 2.48% to close at a record high of ₹1,199.05. The private lender is the second-largest bank in India by market capitalisation,...
She was a C-suite exec ‘aggressively pursuing success.’ Then her ambition turned toxic.
A difficult childhood left Jennifer Romolini “addicted” to career success, she writes in her new memoir, “Ambition Monster.” Here’s her advice for a healthier relationship with work.
America’s drinking water is under attack by China, Russia and Iran
Houston Chronicle/hearst Newspapers Via Getty Images | Hearst Newspapers | Getty ImagesThe City of Wichita recently had an experience that's become all too common — its water system was hacked. The cyberattack, which targeted water metering, billing and payment...
Animoca Brands’ Motorverse Collaborates with Turbo Token to Enhance Ecosystem Engagement
Motorverse, a project by Animoca Brands known for its interoperable ecosystem of motorsport titles, has announced a partnership with the popular meme coin TURBO token. According to Animoca Brands, the collaboration aims to explore...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2666; (P) 1.2685; (R1) 1.2704; More… GBP/USD is staying above 1.2622 temporary low despite today’s decline. Intraday bias stays neutral first. Further fall is expected as long as 1.2739 resistance holds. Break of 1.2622, and sustained trading...
AUD/USD surged, buoyed by RBA confidence and inflation growth :: InvestMacro
By RoboForex Analytical DepartmentThe Australian dollar strengthened notably against the US dollar, with the AUD/USD pair reaching 0.6684. Australia’s May economic indicators from MI remained unchanged at zero compared to the previous value. Meanwhile, Australia’s...
Interactive Brokers accepts $48 million loss tied to NYSE glitch
Some investors who tried to buy shares of Berkshire Hathaway Class A stock during a New York Stock Exchange Trading glitch earlier this month were horrified to learn that their orders had been filled at full price — not the more than 99% discount they had been...
Kogta Financial raises USD 148 Mn from Ontario Teachers’ Pension Plan, ET BFSI
Creador and Morgan Stanley PE-backed NBFC, Kogta Financial, announced on Wednesday that it has secured USD 148 million (INR 1230 crore) in Series E funding from the Ontario Teachers’ Pension Plan.This investment will see Rahul Mukim, Director of Private Capital,...
IRS Name Changes for Businesses in Just a Few Steps
When you file taxes, the name on your tax return has to match your Social Security number (SSN) or employer identification number (EIN). The IRS checks this information to verify your identity. If you’re considering changing your name or the name of your business, you...
Narrowing trade deficit, rise in remittances aid current account surplus: CRISIL, ET BFSI
Kolkata, India's current account surplus in the fourth quarter of the 2023-24 fiscal was aided by narrowing of the merchandise trade deficit, an increase in remittances and a surplus in services trade, according to a CRISIL report released on Wednesday. The country's...
USD/JPY: Probes Again Through 160.00 Barrier and Hits New Multi-Decade Highs
USDJPY hit new multi-decade high above 160 on Wednesday, as bulls regained control after a two-day consolidation. Fresh probe above psychological 160 barrier suggests that bids remain strong despite warning that Japan’s authorities may intervene to support weakening...
If you haven’t moved to a high-yield savings account, half the country is beating you
Are you getting less than 1% or more than 5%? Do you even know?
Immutable (IMX) and Space Nation Launch Limited-Edition NFT Collection
Immutable (IMX) has announced a collaboration with Space Nation, the largest web3 MMORPG space universe, to launch a limited-edition NFT collection known as the Immutables. According to immutable.com, the collection will include unique...
Martin Schlegel to become Chairman of SNB
At its meeting of 26 June 2024, the Federal Council appointed Martin Schlegel as new Chairman of the Governing Board of the Swiss National Bank (SNB) and thus as successor to Thomas Jordan. Martin Schlegel will assume office with effect from 1 October 2024 and take...
RBI downgrades Kerala Bank, curbs on personal loans, BFSI News, ET BFSI
THIRUVANANTHAPURAM: The Reserve Bank of India has downgraded Kerala Bank to 'C' class, based on a report from Nabard. As per the latest classification, the bank will not be eligible to give personal loans above Rs 25 lakh.Kerala Bank has written to its branches,...
New-home sales plunge to lowest level since November
New home sales at 619,000 annual rate in May versus 640,000 in prior month.
Sunset Market Commentary – Action Forex
Markets Markets are testing the resolve of Japanese officials. USD/JPY broke through the 160-level which triggered FX interventions at the end of April and early March. The pair set a new nearly 40-yr high above 160.50. Verbal warnings by the Japanese (vice-) finance...
Gala Unveils Ecosystem Blueprint, Highlighting Future Developments
Gala Games has released its comprehensive Ecosystem Blueprint, shedding light on its forward-looking vision and groundbreaking innovations within the blockchain industry, according to Gala News. This announcement underscores the company's...
Nvidia’s stock is set to gain as rivals play perpetual catch-up, analyst says
The Nvidia stock rally has reignited, with the stock heading to a second consecutive day of gains after a recent slide into correction territory.
Waits on key risk event :: InvestMacro
Bitcoin ↓ over 8% on MondayRoughly 2% above $60,000 supportOver past year US PCE triggered moves of ↑ 0.9% & ↓ 2.3%Key point of interest – $60,000Technical levels – $60,254.93, $57,5656.20 and $66,365.11Bitcoin’s extended losses have set off alarm bells for bulls,...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0689; (P) 1.0716; (R1) 1.0742; More…. EUR/USD is still bounded in consolidation from 1.0667 and intraday bias remains neutral. Outlook stays bearish with 1.0760 resistance intact. Decline from 1.0915 is seen as another leg in the larger corrective...
Sensex breaches 78,000 mark for 1st time, Nifty at record high as bank stocks surge, ET BFSI
MUMBAI: The BSE Sensex rose 712.4 points (0.9%) to cross the 78,000 mark for the first time. It hit a high of 78,053.5 on Tuesday, led by a surge in bank and finance stocks that had been underperforming earlier in the year. The NSE Nifty also climbed by 183.5 points...
Smart Contracts: Revolutionizing Digital Agreements
Smart contracts are rapidly transforming the way digital agreements are executed, offering automation, security, and transparency. According to Gala News, these self-executing contracts, with terms directly written into code, are...
FedEx cost cuts are delivering results, and potential freight spinoff is ‘tantalizing’: analysts
FedEx has placed its freight business under strategic review, the company said when it reported fiscal fourth-quarter results Tuesday.
Morgan Stanley OpenAI-powered assistant to roll out for wealth advisors
Bing Guan | Bloomberg | Getty ImagesMorgan Stanley is pushing further into its adoption of artificial intelligence with a new assistant that is expected to take over thousands of hours of labor for the bank's financial advisors.The assistant, called Debrief, keeps...
Farm loan waivers to negatively impact banks’ asset quality: Macquarie, ET BFSI
Farm loan waivers will have a negative impact on bank’s asset quality, Macquarie Capital said in a note on Wednesday. States like Telangana, Jharkhand and Punjab have either announced a farm loan waiver or are mulling over it.Macquarie is of the view that farm loan...
AUD/USD Surged, Buoyed by RBA Confidence and Inflation Ggrowth
The Australian dollar strengthened notably against the US dollar, with the AUD/USD pair reaching 0.6684. Australia’s May economic indicators from MI remained unchanged at zero compared to the previous value. Meanwhile, Australia’s weighted average consumer price index...
Interactive Brokers issues statement on sharp drop in Berkshire Hathaway Class A share price
Electronic trading major Interactive Brokers (NASDAQ:IBKR) today issued a statement regarding the sharp drop in Berkshire Hathaway Class A share price. On the morning of Monday, June 3, 2024, at approximately 9:50 am EDT, the price of Berkshire Hathaway Class A shares...
Yes Bank sacks at least 500 employees; more staff may be laid off in coming days, ET BFSI
Yes Bank, a private sector lender, has recently laid off at least 500 employees as part of a restructuring exercise, according to multiple sources familiar with the situation. The layoffs, which could continue in the coming days, have affected various departments,...
Whirlpool’s stock rallies as report emerges that Bosch may try to buy the appliance giant
With a market cap of about $5 billion, Whirlpool would represent a major deal for Bosch.
Biden to lower some drug costs through inflation penalties
US President Joe Biden speaks during an event at the National Institutes of Health (NIH) in Bethesda, Maryland, US, on Thursday, Dec. 14 2023. Chris Kleponis | Bloomberg | Getty ImagesThe Biden administration on Wednesday said it will impose inflation penalties on 64...
Yen Hits 37-Year Low Against Dollar, Japan to Intervene or Not?
Yen is drawing significant attention again today as it plummeted past the crucial 160 mark against Dollar, and hit its lowest level in over 37 years. Market participants are vigilantly watching for any signs of intervention from Japanese authorities, yet no action has...
GalaSwap Introduces Swap Bot and Enhances User Experience
GalaSwap, the decentralized exchange on the GalaChain, has announced a series of updates aimed at enhancing its functionality and user experience, according to Gala News. These updates include the introduction of an open-source swap bot...
Greenlight Capital’s clash with ex-staffer has hurt its business, lawsuit says
Greenlight Capital has said an ongoing spat with one of its former staffers over his job title is hurting its business, deterring investors from putting money in the multi-billion-dollar hedge fund and hindering its ability to recruit new employees.
CME Group, Google Cloud announce new Chicago Area private cloud region
CME Group and Google Cloud today announced plans to build a new private Google Cloud region, and a co-location facility, in Aurora, Illinois. The private Google Cloud region will host Google Cloud’s new, industry-first specialized platform designed to support global...
Centre eyeing one startup in every district by next year, ET BFSI
The Centre is likely to fulfil its plan to have at least one registered startup in each of the 785 districts of the country within a year as only 20-25 districts remain without any registered startup, industry department officials said.As of March 31, there were more...
Exempt selectively sovereign funds, RBI, BFSI News, ET BFSI
The Centre is seeking carve-outs on merits from provisioning rules for banks and NBFCs to curb evergreening of loans through alternative investment funds (AIF). Last year, RBI closed a loophole in the discovery of dodgy loans by pulling bank lending out of investment...
Southwest Airlines cuts revenue forecast
A Southwest Airlines jet is parked Ellison Onizuka Kona International Airport at Kehole awaiting passengers on January 20, 2024 in Kailua-Kona, Hawaii.Kevin Carter | Getty ImagesSouthwest Airlines shares fell roughly 4% in premarket trading on Wednesday after the...
ECB’s Panetta: Must manage risks beyond baseline scenarios
Speaking today, ECB Governing Council member Fabio Panetta noted that the current macroeconomic conditions support “normalization of the monetary stance.” He added that ECB initiated this process recently and, under the “baseline scenario,” intends to continue it...
Rivian’s VW partnership seen as ‘game changer’ for the company’s prospects
Rivian Automotive Inc. drew praise from at least two analysts on Wednesday as its stock rallied in premarket trades on the electric vehicle maker’s joint venture with German care giant Volkswagen.
Alice Blue joins TradingView’s list of partner brokers
TradingView is expanding trading opportunities for its Indian users and welcomes Alice Blue, a newly integrated brokerage on TradingView: trade equities, funds, futures, and bonds from India’s top exchanges directly from TradingView charts. Founded 16 years ago in...
Serial Founder Ben Rubin Discusses Product Market Fit and Web3 Innovations
In a recent episode of the web3 with a16z podcast, serial entrepreneur Ben Rubin delved into his experiences in finding product market fit and his journey through various successful ventures. Rubin, known for creating the viral...
Will There Be Rebound Development in Bitcoin?
Market picture Crypto market capitalisation added 1.2%, recovering to Monday’s levels of $2.28 trillion. On 25 June, the Crypto Fear and Greed Index fell into “fear” territory at 30 points, the lowest since September 2023. On 26 June, the index recovered to 46. Both...
What is the Process of Machine Learning (ML) Development?
Machine learning has spurred a formidable revolution in technology by enabling interactions between humans and machines. The common assumption about machine learning development process is that it is an extremely complex and technical process. For example, machine...
General Mills’ stock falls after revenue miss and soft guidance
General Mills’ CEO said the company “enhanc[ed] our efficiency in response to a more challenging operating environment.”
Banks seek clarity from RBI on credit card network norms, BFSI News, ET BFSI
Some banks have approached the Reserve Bank of India (RBI) for clarity on guidelines requiring them to offer existing credit card customers a choice of networks such as Rupay, Visa, and MasterCard. According to the Reserve Bank guidelines issued in March, card issuers...
Finmin reviews financial inclusion schemes in meeting with banks, FI CEOs, ET BFSI
New Delhi: The finance ministry on Tuesday reviewed the progress under various financial inclusion schemes with the chief executives of public sector banks and other financial institutions, including Nabard and Sidbi. The meeting was chaired by financial services...
Ethereum Protocol Fellowship Opens Applications for Fifth Cohort
The Ethereum Protocol Fellowship (EPF) has officially opened applications for its fifth cohort, according to blog.ethereum.org. The fellowship program aims to provide a structured pathway for aspiring protocol contributors to make...
MNC Capital raises all-cash offer for Vista Outdoor to $3.2 billion
Vista Outdoor, parent to brands including CamelBak and Bushnell, has been the subject of several M&A offers.
GBP/USD Daily Outlook – Action Forex
Daily Pivots: (S1) 1.2666; (P) 1.2685; (R1) 1.2704; More… Intraday bias remains neutral for the moment, and further decline is expected in GBP/USD as long as 1.2739 resistance holds. Break of 1.2622, and sustained trading below 1.2633 resistance turned support will...
Binance to move UAE resident account holders to Binance FZE
Binance has received a Virtual Asset Service Provider (VASP) licence from Dubai’s Virtual Assets Regulatory Authority (VARA) for its local exchange in Dubai, Binance FZE. There will be an account transition for all UAE residents from the Binance Global Exchange to the...
YouTube dominates streaming, forces media companies to adapt
It's been almost 20 years since the founding of Alphabet's YouTube, and Hollywood still doesn't really know what to do with it.YouTube, which effectively invented user-generated content, claims a daunting share of overall media consumption. And it's no longer just...
How Quant Mutual Fund took India’s stock market by storm, ET BFSI
Quant Mutual Fund took India’s market by storm in recent years, using computer models to generate 560% returns and boost assets by almost 400-fold. That spectacular growth is under threat in India’s latest regulatory probe. The Securities and Exchange Board of India...
Immutable (IMX) and MARBLEX Forge Alliance to Enhance AAA Web3 Gaming
Immutable (IMX) has announced a strategic partnership with MARBLEX to integrate AAA games into its Immutable zkEVM platform, according to immutable.com. This collaboration aims to revolutionize Web3 gaming by merging traditional gaming...
India’s external debt rises $40 billion in FY24; industry’s share highest, ET BFSI
At end-March 2024, India’s external debt was placed at $663.8 billion, an increase of $39.7 billion over its level at end-March 2023.The external debt to GDP ratio declined to 18.7 per cent at end-March 2024 from 19.0 per cent at end-March 2023, according to the...
The S&P 500 is at a critical juncture, says this strategist. Here’s his stock game plan.
Societe Generale’s U.S. equity team says investors looking for the next leg of this stock rally will have to wait until early 2025.
AUD/JPY: Aussie Outperformance With Hotter AU CPI
Australia’s monthly CPI has increased to 4% from 3.7% in April, a sign of a sticky and elevated consumer inflationary trend. The odds of an RBA interest rate in the near-term horizon have reduced which increased the yield premium of 2-year Australian government bond...
eToro survey reveals financial services is the most owned sector among retail investors
Financial services is by far the most owned sector among retail investors, according to data from the latest Retail Investor Beat (RIB) from trading and investing platform eToro. In the study of 10,000 retail investors across 12 countries, 61% say they hold financial...
Why inflation could take several years to get back to 2%
A senior research economist at the Federal Reserve’s Cleveland branch, Randal Verbrugge, says the intrinsic characteristics of inflation make it unlikely to get down to the Fed’s 2% target in a timely way.
Akme Fintrade shares to list tomorrow. What GMP signals ahead of listing?, ET BFSI
The shares of Akme Fintrade will list on the exchanges on Wednesday. Ahead of the listing, the company's shares were trading with a GMP of Rs 18 in the unlisted market.Considering the upper price band of Rs 120, the stock is expected to list at a premium of 15% over...
ECB’s Rehn considers two more rate cuts this year as reasonable
In an interview today, ECB Governing Council member Olli Rehn indicated that market data suggests the likelihood of two additional rate cuts, bringing the rate to 3.25% by the end of the year. He also noted that the terminal rate for this easing cycle is expected to...
Niantic Integrates Meta Llama 2 to Enhance AR Pets in Peridot
Niantic, the company behind popular augmented reality (AR) games, has integrated Meta Llama 2 into its virtual world of Peridot, according to Meta AI. This collaboration aims to transform the game's digital creatures, known as “Dots,”...
How e-rupee usage fell from 10 lakh transactions a day to 1 lakh transactions in just five months, ET BFSI
India's digital currency initiative, the e-rupee, launched by the Reserve Bank of India (RBI) as a pilot project in December 2022, has encountered significant challenges amid efforts to gain public acceptance. Designed as a digital alternative to physical cash, the...
‘In a worst-case scenario, a stock-market bust could occur’: We are ‘healthy boomers’ in our 60s with a net worth of $4.2 million. Is it time to diversify?
“We have no debt and live comfortably on $150,000 per year.”
HK regulator bans ex-COO of DA International Financial Service for three years and seven months
The Securities and Futures Commission (SFC) of Hong Kong has prohibited Mr Wu Chao, a former responsible officer, manager-in-charge (MIC) and chief operations officer of DA International Financial Service Limited, from re-entering the industry for three years and...
AUD/NZD: Aussie Surges Almost 1% vs Kiwi Dollar After Release of Australia’s Inflation Report
Australian dollar surged 0.9% vs Kiwi dollar in Wednesday’s morning, lifted by fresh hawkish signals that the RBA may opt for a rate hike next month, after Australia’s inflation rose above expectations and hit new multi-month high in May. A full-figure rise broke...
16% uptick in overall outstanding loans in May’24, ET BFSI
BFSI sector recorded a steady credit with strong growth in overall outstanding loans increasing by approximately 16 per cent on a yoy basis in May, 2024. Deposit growth picked up yoy and is likely to see further uptick in the current rising interest rate regime. On a...
Rivian’s stock surges on $1 billion Volkswagen investment and joint-venture plan
Shares of Rivian Automotive Inc. skyrocketed after hours Tuesday after Volkswagen AG said it will invest $1 billion in the electric-vehicle maker, with plans to pour billions more if an EV-focused joint venture between the two companies gets off the ground.
Nvidia deal: U.S. chip curbs just ‘business as usual’: Ooredoo CEO
Jakub Porzyck | Nurphoto | Getty ImagesQatari telecoms provider Ooredoo told CNBC Wednesday that its new tie-up with Nvidia is compliant of all U.S. regulations and will still allow it to have access to the latest technology.Ooredoo earlier this week signed a...
GM’s Cruise names former Amazon, Microsoft Xbox executive as new CEO
DETROIT – General Motors' Cruise autonomous vehicle unit on Tuesday announced former Amazon and Microsoft executive Marc Whitten as its new CEO.Whitten was a founding engineer at Microsoft's Xbox before leaving the company after more than 17 years to become chief...
India central bank policymakers divided over rate-growth debate, ET BFSI
A consensus appears to be emerging among the external members of the Reserve Bank of India’s monetary policy committee that high interest rates are damaging to economic growth, a sign that the debate over the timing of any easing is intensifying. Jayanth Rama Varma...
USDJPY Flirts With 160 Level Again
USDJPY trades with weak momentum slightly below critical 160 level Overbought conditions detected; sellers wait below 158.35-159.00 BoJ intervention is possible; US core PCE inflation due on Friday at 12:30 GMT Following a constructive week, USDJPY is now hovering...
ATFX Executive Talks: Drew Niv
FNG Exclusive Interview… Drew Niv, who took on the role of Chief Strategy Officer at ATFX this year, brings a wealth of experience and a fresh perspective to the team. Today, he will share more about his vision and strategic plans for driving ATFX’s growth and...
800 Online Financial Frauds a Day, BFSI News, ET BFSI
Nearly 800 digital payment fraud cases are reported every day in India, nearly 10 times more than what RBI’s annual report showed. This is because the central bank’s took into account cases above Rs 1 lakh only.According to the report, 29,082 card & digital...
Deliveroo shares jump on report of DoorDash’s interest in takeover
DoorDash reportedly approached Deliveroo last month before negotiations between the two companies broke down over disagreements about valuations
ElevenLabs Introduces Reader App for Text-to-Speech on the Go
ElevenLabs has announced the launch of its new Reader App, designed to transform any text content into high-quality audio on the go. This innovation aims to make text-based content more accessible and convenient for users, according to...
Digital Rupee transactions slump after reaching initial RBI target, ET BFSI
Usage of India's digital currency, the e-rupee, has slumped to just a tenth of the peak hit in December, four sources said, reflecting the struggles several countries have experienced in trying to generate public support for digital currencies.The Reserve Bank of...
RBI governor Das, ET BFSI
MUMBAI: RBI governor Shaktikanta Das said that the country is at the threshold of a major structural shift in its growth trajectory and is moving towards an annual growth of 8% in a sustained manner. He said that such a growth outlook gives RBI the space to...
FedEx (FDX) earnings Q4 2024
A pedestrian walks by a parked FedEx delivery truck on March 21, 2024 in San Francisco, California.Justin Sullivan | Getty ImagesFedEx shares soared more than 15% after hours Tuesday after the company reported results that topped analysts' estimates in both earnings...
EUR/USD Daily Outlook – Action Forex
Daily Pivots: (S1) 1.0689; (P) 1.0716; (R1) 1.0742; More…. Intraday bias in EUR/USD remains neutral and outlook stays bearish with 1.0760 resistance intact. Decline from 1.0915 is seen as another leg in the larger corrective pattern. Break of 1.0667 will target 1.0601...
Investors still don’t appreciate Gap’s turnaround — but retailer’s room for error is shrinking, analysts say
Gap Inc. stands to gain from the back-to-school season, increasing relevance at its namesake stores, a product refresh at its Old Navy stores and early signs of improvement at its fitness brand Athleta, TD Cowen analysts said Tuesday.
Europe risks falling behind US and China on AI: Prince Constantijn
Prince Constantijn is special envoy to Techleap, a Dutch startup accelerator.Patrick Van Katwijk | Getty ImagesAMSTERDAM — Europe is at risk of falling behind the U.S. and China on artificial intelligence as it focuses on regulating the technology, according to Prince...
Crypto ECN Crossover Markets raises $12M from Illuminate, DRW
London based digital asset technology firm Crossover Markets has announced that it has raised $12 million in a Series A funding round led by Illuminate Financial (Illuminate) and DRW Venture Capital (DRW VC). Illuminate and DRW VC join a growing list of strategic...
Anthropic Introduces Project Management Features for Claude AI Users
Anthropic has unveiled new project management features for its Claude.ai Pro and Team users, aiming to enhance collaboration and workflow optimization within organizations, according to anthropic.com.Enhanced Collaboration with...
How big is the MSME lending opportunity for banks and NBFCs?, BFSI News, ET BFSI
With about 64 million MSMEs in India overall, the total funding requirement for the sector is projected to reach Rs 134.40 lakh crore. Of this, total debt demand is estimated at Rs 106.11 lakh crore, of which Rs 56.24 lakh crore or 53% is anticipated to be the...
RBI governor Das, ET BFSI
MUMBAI: RBI governor Shaktikanta Das said that the country is at the threshold of a major structural shift in its growth trajectory and is moving towards an annual growth of 8% in a sustained manner. He said that such a growth outlook gives RBI the space to...
India’s inflation also ‘K-shaped’; rural folk more hurt by price-rise: HSBC, ET BFSI
Mumbai: Just like the post-pandemic recovery, the Indian inflation story is also 'K-shaped' and is hurting certain sections more than others, a foreign brokerage said on Tuesday. Rural consumers are more impacted by price-rise than their urban counterparts, economists...
FX option expiries for 26 June 10am New York cut
There are just two to take note of on the day, as highlighted in bold.And they are both for EUR/USD, pinned on either side of the spot price at 1.0700 and 1.0750. That is likely to lock price action in the session ahead, with more expiries following that up at 1.0650,...
VW shares slip on plan to spend up to $5 billion in Rivian deal
VW shares slip on plan to spend up to $5 billion in Rivian deal
Shopee agreed to adjust practices in Indonesia after competition law violation
BRAZIL - 2022/03/22: In this photo illustration, a woman's silhouette holds a smartphone with a Shopee logo in the background. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images)Rafael Henrique | Sopa Images | Lightrocket | Getty...
Volkswagen takes $1 billion stake in EV maker
Workers assemble second-generation R1 vehicles at electric automaker Rivian's manufacturing facility in Normal, Illinois, on June 21, 2024.Joel Angel Juarez | ReutersVolkswagen Group plans to invest up to $5 billion in electric vehicle startup Rivian, starting with an...
Trump classified documents case: Prosecutors release new photos
Documents and materials seized during a search of former U.S. President Donald Trump’s Mar-a-Lago home and social club are pictured in this undated handout picture obtained by Reuters on June 25, 2024.U.s. Justice Department | Via ReutersFederal prosecutors in Donald...
Strong Inflation Boosts Aussie, Euro Struggle Returns
Australian Dollar surged broadly in Asian session following a much stronger-than-expected monthly CPI report, sparking speculation that RBA might return to rate hikes in August. Comments from a top RBA official also indicated that the central bank is vigilant about...
Implementing Hotword Detection with AssemblyAI’s Streaming Speech-to-Text in Go
Hotword detection is a crucial feature for voice-activated systems like Siri or Alexa. In a recent tutorial by AssemblyAI, developers are guided on how to implement this functionality using AssemblyAI's Streaming Speech-to-Text API with...
Big US banks expected to be cautious on shareholder payouts, BFSI News, ET BFSI
Big U.S. lenders are expected to show they have ample capital to weather any renewed turmoil during this week's Federal Reserve health checks, but will be conservative on investor payouts amid economic and regulatory uncertainties, analysts said.The central bank on...
Nobel prize-winning economists warn Trump would ‘reignite’ inflation
Joseph StiglitzCameron Costa | CNBCSixteen Nobel Prize-winning economists signed a joint letter Tuesday warning of what they see as economic risks if former President Donald Trump were to serve a second term, including reheated inflation."While each of us has...
Growth stocks are trouncing value stocks in 2024, even in struggling small-cap universe
The small-cap focused Russell 2000 index is trading well below its record high in 2021.
Binance Futures Introduces TONUSDT USDⓈ-M Contract for Copy Trading
Binance has announced the addition of a new contract to its Futures Copy Trading platform. Starting June 25, 2024, users will be able to trade the TONUSDT USDⓈ-M contract, according to Binance. About Binance Futures Copy Trading Binance...
Here’s how much profit McDonald’s makes on its new $5 meal
The margins are tight, but there’s still a profit to be made on the offer, according to restaurant-industry experts
Bitcoin’s Attractive Drop
Market Picture The cryptocurrency market was falling to a total capitalisation of $2.2 trillion at the end of the day on Monday but managed to add over 2% to the lows, recovering to $2.25 trillion, down 0.5% from the day before. The technical picture in Bitcoin is...
RBI appoints additional director for Bandhan Bank, BFSI News, ET BFSI
Mumbai: The Reserve Bank of India has appointed Arun Kumar Singh as additional director on the board of Bandhan Bank for a term of one year, the bank said late Monday evening. The move is likely to guide the bank in succession planning. Bandhan Bank’s founder MD &...
Here’s where bond yields are beating inflation
Inflation is sticky, but these bond yields are eclipsing it.
Waymo opens robotaxi service to all San Francisco users
A Waymo rider-only robotaxi is seen during a test ride in San Francisco, California, U.S., December 9, 2022. Paresh Dave | ReutersWaymo robotaxis are now open to all users in San Francisco, expanding the self-driving ride-hailing service, which has been available in...
Brent Crude Oil Hits Two-Month High Amid Geopolitical Tensions
Brent crude oil prices surged to $86 per barrel on Tuesday, marking the highest level in two months. This rise was driven by escalating geopolitical risks in Eastern Europe and the Middle East, particularly the ongoing confrontation between Israel and Hamas, which...
Gala: Kimchi Craze Hits Common Ground World with New Exciting Updates
Common Ground World players are in for a treat as the popular game adds a new twist with the introduction of Kimchi Craze. Starting tomorrow, players can sell tangy, mouthwatering Kimchi crafted from fresh Lettuce and a Shrimp-based Fish...
HDFC Bank launches SmartWealth app, BFSI News, ET BFSI
HDFC Bank has launched a new digital investment platform. The HDFC Bank SmartWealth app aims to take wealth services to every Indian and make investments simple and transparent. HDFC Bank SmartWealth is claimed to e targeted at both existing and new investors.With...
Broadcom on track to lose a Boeing’s worth of market cap in five-session slide
Broadcom’s furious stock rally has cooled in recent days, such that the company could shed more than $100 billion in market cap across its current five-session losing streak.
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0696; (P) 1.0721; (R1) 1.0760; More…. EUR/USD dips notably in early US session but stays in range above 1.0667. Intraday bias remains neutral at this point. Further fall is expected with 1.0760 resistance intact. Decline from 1.0915 is seen as...
‘Freefall’? ‘Staggering losses’? Trump is doing a lot better right now than you might think.
If you’ve been casually following the news lately, you might think Donald Trump has suffered massive financial losses on the stock market since his recent criminal conviction, and that the presidential race is now neck and neck.
Tesla recalls Cybertruck to fix faulty windshield wipers, loose trim
The Tesla Cybertruck is unveiled at Tesla's design studio on Nov. 21, 2019, in Hawthorne, Calif. Ringo H.W. Chiu | APTesla has issued two more recalls for its Cybertruck pickups in the U.S., as the automaker continues to face challenges with its newest electric...
U.S. auto sales are expected to slow during the second half of 2024
Cars sit on a Chevrolet dealership's lot on June 20, 2024 in Chicago, Illinois. A cyber attack on CDK Global, a software provider that helps dealerships manage sales and service, has crippled the workflow at approximately 15,000 dealerships across the United States...
CFTC issues Order of Registration as derivatives clearing organization to ForecastEx
The Commodity Futures Trading Commission (CFTC) today announced it has issued ForecastEx, LLC an Order of Registration as a derivatives clearing organization (DCO) and an Order of Designation as a designated contract market (DCM) under the Commodity Exchange Act...
Banks in a GST fix over RBI’s directive to levy penal charges, ET BFSI
The ban on 'penal interest' on borrowers is posing a tax dilemma for banks. Banks fear that the Reserve Bank of India's (RBI) directive to levy penalty only in the form of 'penal charges' as against the hitherto practice of imposing 'penal interest' would attract the...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2647; (P) 1.2672; (R1) 1.2712; More… No change in GBP/USD’s outlook and intraday bias stays neutral. Further decline is expected as long as 1.2739 resistance holds. Break of 1.2622, and sustained trading below 1.2633 resistance turned support will...
Ensuring Security: How to Access, Backup, and Restore Your World App Account
According to Worldcoin (WLD), ensuring the security of your World App account involves understanding how to access, backup, and restore your account effectively. This guide provides essential steps to troubleshoot common problems and...
GameStop’s Roaring Kitty could trigger another meme-stock frenzy anytime he wants
Roaring Kitty’s reappearance is about so much more than just one stock.
Bitcoin bounces above $61,000, Solana leads cryptocurrencies higher
Cryptocurrencies rose broadly, a day after bitcoin slumped to under $60,000 for the first time since early May, leading to a broad sell-off in crypto assets.Bitcoin advanced more than 3% on Tuesday to $61,741.78, according to Coin Metrics. The move coincided with a...
Trump gag order partially lifted in hush money case ahead of first presidential debate
Former U.S. President Donald Trump walks to speak to the media after being found guilty following his hush money trial at Manhattan Criminal Court in New York City on May 30, 2024.Seth Wenig | Afp | Getty ImagesA New York judge on Tuesday lifted parts of a gag order...
FXOpen expands its integration with TradingView to mobile apps
Retail Forex broker FXOpen is expanding its integration with TradingView and is now available on TradingView’s mobile apps. With this update, you can trade via your favorite broker anytime, anywhere, enhancing your trading experience with unparalleled convenience....
Oracle Recognized as Leader in 2024 Gartner Magic Quadrant for Analytics
Oracle has been named a Leader in the 2024 Gartner® Magic Quadrant™ for Analytics and Business Intelligence Platforms, according to Oracle. The recognition is based on Oracle's Ability to Execute and Completeness of Vision. Oracle's...
JPMorgan India bank CEO Singh quits before end of term, BFSI News, ET BFSI
Prabdev Singh, chief executive officer of JPMorgan Chase & Co.’s bank in India, has stepped down before the end of his term.Pranav Chawda, head of commercial banking for India, will expand his current responsibilities to become the head of India Corporate Banking...
Rising unemployment points to weakening economy. Or does it?
Are rising jobless claims a sign of emerging weakness in the economy? Don’t bet on it — at least not yet.
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8919; (P) 0.8932; (R1) 0.8943; More…. No change in USD/CHF’s outlook as consolidation continues above 0.8825. Intraday bias stays neutral for the moment. Near term outlook remains bearish with 0.8992 resistance intact. Break of 0.8825 will resume...
People aren’t spending on swimming pools right now, an industry-leading company warns
The stocks of companies that make swimming pools and related equipment were sharply lower Tuesday, after industry leader Pool Corp. issued a profit warning for 2024 amid weak demand for new pools.
Ethereum Foundation Introduces Cohort 4 of the Next Billion Fellows
The Ethereum Foundation has announced the fourth cohort of its Next Billion Fellowship Program, featuring seven remarkable individuals from diverse backgrounds. These fellows are set to drive innovative projects aimed at improving...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 158.95; (P) 159.43; (R1) 160.11; More… Intraday bias in USD/JPY remains neutral for the moment. Further rise will remain in favor as long as 157.70 resistance turned support holds. Sustained break of 106.20 and 100% projection of 151.86 to 157.70...
Lingers near 3-month low :: InvestMacro
Corn ↓ 9% since start of 2024Bearish on H1 but RSI near oversoldTechnical levels – 432.00 and 423.40Possible breakout on horizon?Markets remain edgy ahead of a week packed with high-risk events that could spark fresh volatility!Ahead of the main events, FXTM’s new...
Bank of Baroda appoints Chayani Sundar as the new Chief Financial Officer, ET BFSI
Bank of Baroda has named Chayani Manoj Sundar as its new Chief Financial Officer (CFO), effective from June 21, 2024. Chayani, a seasoned professional with over 19 years of experience in the banking sector, brings expertise in financial and credit operations. He holds...
Hardship withdrawals from 401(k) plans rocket nearly 40% — as savers fight to save their homes
Vanguard data casts a shadow on the economy
Sunset Market Commentary – Action Forex
Markets US and EMU (interest rate) markets today are holding tight ranges with trading mostly technical in nature. If anything markets still err to rather dovish bias, with yields on both sides of the Atlantic hold with reach of recent lows. There were no data in EMU....
Many law-school students carry six-figure debt loads — but most don’t earn six-figure salaries after they graduate
Women and members of marginalized racial and ethnic groups are hit hardest by the disparity in outcomes.
CME Group U.S. Credit Futures surpass 400 contracts in first week of trading
International derivatives marketplace CME Group today announced that its new U.S. Credit futures have traded 415 contracts since their launch on June 17. “In just one week since launch, our credit futures are generating strong trading activity as clients turn to more...
FSIB to hold interview for SBI chairman’s position on June 29, ET BFSI
New Delhi: FSIB, the headhunter for directors of state-owned banks and financial institutions, is scheduled to hold interviews to select a suitable candidate for the post of State Bank of India (SBI) chairman. Last month, the interview was unexpectedly postponed...
Eternal Paradox Season 5: Guild Strategies and Team Dynamics
The Ring spins once again as Season 5 of Eternal Paradox begins, bringing with it a renewed focus on guild warfare and team dynamics, according to Gala News. Grab Your Squad Eternal Paradox thrives on team collaboration. While individual...
Housing affordability deteriorates as prices, mortgage rates stay high
Home prices set another record high in April, even as mortgage rates rose and the supply of homes for sale increased. Usually, under those circumstances, prices would weaken, but today's housing market is unlike any other in recent history.Prices in April rose 6.3%...
Canada: Inflation Accelerates in May
Headline CPI inflation edged higher in May to 2.9% year-on-year (y/y), above expectations for a 2.6% y/y print. The acceleration was led by services, which were up 4.6% y/y, as Canadians were paying up for travel tours (+6.9% y/y) and flights (+4.5% y/y). This...
As the ‘Sunbelt’ fries, how long will America’s seniors keep flocking there?
Phoenix, Las Vegas already seeing record June temperatures
Nvidia (NVDA) stock rout leaves global chip shares volatile
The logo of Nvidia Corporation is seen during the annual Computex computer exhibition in Taipei, Taiwan, May 30, 2017.Tyrone Siu | ReutersGlobal semiconductor stocks saw volatile trading on Tuesday after a slump in shares of Nvidia during the previous session.Shares...
Trump Media stock rises off guilty verdict sell off
Sopa Images | Lightrocket | Getty ImagesShares of Trump Media shot up as much as 11% as markets opened Tuesday, clawing back more of the Truth Social maker's losses that followed former President Donald Trump's criminal conviction in New York.The upward swing movement...
RBA and RBNZ have no plans to cut rates this year. Oil is trading at a 2-month high :: InvestMacro
By JustMarketsOn Monday, the Dow Jones (US30) Index added 0.67% and rose to a one-month high, while the S&P 500 (US500) Index fell by 0.31%. The NASDAQ Technology Index (US100) closed negative 1.09% and fell to a one-week low. Weakness in technology stocks on...
AI may hit banking jobs more than any other sector: Citi report, ET BFSI
Approximately 54% of jobs within the banking sector have a high potential to be automated, with an additional 12% of roles capable of being augmented by artificial intelligence (AI), according to a report by Citigroup . The study underscores a growing trend among...
Could Tokyo CPI Make the July BoJ Meeting a Live Pne?
BoJ meeting minutes summary keep the door open to a July rate hike Key data due this week, especially Friday’s Tokyo CPI Retail sales data to show consumer appetite Yen remains under pressure as officials avoid verbal intervention The BoJ is still willing to hike...
Consumer confidence dips again. Americans anxious about the economy.
Consumer confidence fell slightly in June and reflected the ongoing uncertainty among Americans about the future of the economy
Carnival Cruise Line’s stock rises after company swings to a profit
Carnival also signaled smooth seas ahead for its financial performance, with advance bookings for 2025 now running ahead of 2024 in both prices and occupancy.
US consumer confidence falls to 100.4, within the same narrow range
US Conference Board Consumer Confidence fell from 101.3 to 100.4 in June, slightly above expectation of 100.2. Present Situation Index rose from 140.8 to 141.5. Expectation Index fell from 74.9 to 73.0. The Expectations Index has been below 80 (the threshold which...
SEC charges Meta Materials, former CEOs with market manipulation and fraud
The Securities and Exchange Commission (SEC) today filed charges against Meta Materials Inc. and its former CEOs, John Brda and George Palikaras. The company has agreed to settle the SEC’s charges in an administrative proceeding, while the SEC’s litigation against...
NHB invites applications for managerial positions. Here are the details, ET BFSI
The National Housing Bank (NHB) has announced the NHB Recruitment 2024, presenting a golden opportunity for bank job seekers across India. Known for its pivotal role in advancing housing finance institutions and ensuring sector stability, NHB aims to fill 48 vacancies...
Trailblazers: Taiko Announces Week 3 Challenge Extension
The Trailblazers: Call of Taiko campaign has exciting news for its participants as the Week 3 Challenge is extended to two weeks, according to taiko.mirror.xyz. This extension allows gamers more time to earn the coveted Bouncer Faction...
My adviser of 10 years left and his replacement is young. My retirement nest egg might be seven- or eight-figures. Should I find someone else?
“My wife and I are not financial wizards.”
Dollar Index: Bullish Bias Above Daily Cloud, US Inflation Data in Focus
The dollar index regained traction on Tuesday and ticked higher after dropping 0.4% on Monday. Pullback was contained by daily cloud top and marked a light correction of a larger uptrend, which remains intact. Technical picture on daily chart remains bullish, as MA’s...
OKX to Facilitate DORA Token Migration According to Dora Factory’s Plan
OKX has announced its support for the upcoming DORA token migration, in line with the official plan set forth by Dora Factory. This strategic move is aimed at ensuring a smooth transition for users holding DORA tokens.Token Migration...
Delta, United compete to be America’s luxury airline
An Airbus A330-323 aircraft, operated by Delta Air Lines.Benoit Tessier | ReutersDelta Air Lines is the country's most profitable airline. CEO Ed Bastian's challenge is to make sure his carrier stays on top.The airline's unit revenue, the amount it brings in for every...
Brent crude oil hits two-month high amid geopolitical tensions :: InvestMacro
By RoboForex Analytical DepartmentBrent crude oil prices surged to $86 per barrel on Tuesday, marking the highest level in two months. This rise was driven by escalating geopolitical risks in Eastern Europe and the Middle East, particularly the ongoing confrontation...
BoB aims to double tech team headcount to 3,000 by FY26-end, BFSI News, ET BFSI
Apart from the 1,500 in-house workers, there are also contractual employees engaged by the bank in the IT function, Chand saidMumbai: State-owned Bank of Baroda is aiming to double its in-house technology team headcount to 3,000 in the next two years, a top official...
Novo Nordisk gains approval to sell weight-loss drug Wegovy in China
Europe’s most valuable company said Chinese regulators have approved its marketing application to sell Wegovy as a long-term weight-loss treatment for patients with obesity.
Pictures show police clashing with protesters
Photographs and news agency reports showed protesters clashing in the streets of Kenyan capital Nairobi on Tuesday, as the African state passed a controversial finance bill set to raise national taxes.Earlier in the day, the Kenyan parliament announced it had passed a...
Canadian Dollar Surges on Unexpected Inflation Rebound in May
Canadian Dollar jumps following after data showing that Canadian inflation unexpectedly accelerated in May. More importantly, the resurgence in price pressures was largely driven by significant increase in services inflation. The data aligns with BoC Governor Tiff...
Investors only have eyes for tech stocks right now. Here’s what they’re missing.
Fundstrat’s Mark Newton sees a short-lived tech and market selloff running its course and urges a focus on some other sectors largely ignored up to now
Amazon Prime Day 2024 sale runs July 16 and 17
An Amazon contract worker pulls a cart of packages for delivery in New York, US, on Monday, April 22, 2024. Angus Mordant | Bloomberg | Getty ImagesAmazon's Prime Day mega sale event will return on July 16 and 17, the company announced Tuesday.Like in previous years,...
VW 2025 Jetta updated to boost sales
Volkswagen on Tuesday announced updates for its 2025 Jetta sedan to boost sales amid industry-wide affordability concerns.The entry-level version of the Jetta with an automatic transmission will start at $21,995 when it goes on sale, expected by the end of the third...
Exclusive: Capital.com appoints Campbell MacPherson as CEO of its Australian subsidiary
FNG Exclusive… FNG has learned that leading Retail FX and CFDs broker Capital.com has hired Campbell MacPherson as its new Chief Executive Officer (CEO) in Australia. He succeeds Laura Lin, who stepped down in March 2024. Campbell MacPherson has over 25 years of...
NeuCoins you will earn from UPI transactions on Tata Neu Infinity HDFC Bank Credit Card from August 1, 2024, ET BFSI
HDFC Bank has informed its Tata Neu Infinity credit card customers through mail regarding the change in Neucoins that will be issued on UPI transactions. The change is effective from August 1, 2024.“NeuCoins are the rewards a customer earns when transacting on the...
Canada’s CPI accelerates to 2.9% yoy, driven by service sector price hikes
Canada’s CPI recorded a notable increase in May, climbing to 2.9% yoy from 2.7% yoy the previous month, surpassing the anticipated rate of 2.6%. This acceleration in headline CPI was primarily fueled by a significant uptick in service prices, which rose by 4.6% yoy in...
Exploring the Growing Opportunities in BNB Staking
BNB Chain continues to evolve, presenting a range of staking opportunities for users within its ecosystem. According to the BNB Chain Blog, the governance token BNB plays a critical role in securing the network while offering various...
Amazon unveils Prime day dates — but Target and Walmart events come first
Walmart Inc. and Amazon.com Inc. have announced their competing summer shopping events, offering discounts on a wide range of goods to inflation-weary consumers.
Delta One JFK lounge opens. Here’s what’s inside
The bar at the Delta One lounge at New York's John F. Kennedy International Airport.Leslie Josephs | CNBCDelta Air Lines' most exclusive airport lounge opens this week to travelers flying on the right ticket.The Delta One lounge at the carrier's hub in John F. Kennedy...
Fed’s Bowman: Inflation to remain elevated, rate hold necessary
Fed Governor Michelle Bowman, in a speech today, said her baseline outlook that US inflation will return to the 2% target, provided federal funds rate remains at its current level of 5.25-5.50% “for some time.” She emphasized that Fed is “still not yet at the point”...
India Inc risk management improves despite global headwinds: Report, ET BFSI
India Inc risk management improves despite global headwinds: Report Despite facing global headwinds and increased risk exposure in certain sectors, Indian enterprises have demonstrated resilience and strategic advancements, leading to improved risk management scores....
How much long-term care insurance do I need?
You don’t want to have too little coverage or too much — but it’s almost impossible to know the ‘Goldilocks’ amount without crunching a lot of data.
Etched raises $120 million to build chip to take on Nvidia in AI
Etched co-founders Robert Watchen, Gavin Uberti, and Chris ZhuEtchedNvidia has been the hottest story on Wall Street of late, increasing eightfold in value since the end of 2022 and soaring past $3 trillion in market cap this month.A 2-year-old startup founded by...
Trading Technologies partners with Hidden Road
Trading Technologies International, Inc. (TT), a global capital markets technology platform provider, today announced that it has partnered with Hidden Road, the global credit network for institutions, through Hidden Road Partners CIV US LLC, its futures commission...
India & China’s banks’ efficiency erodes as expenses outpace income: Report, ET BFSI
The operating efficiency of lenders in mainland China and India eroded over the 12 months ended March 31 due to rising operating expenses, according to S&P Global Market Intelligence.It said that the Indian banks' aggregate cost-to-income ratio, a key measure of...
Ethereum Foundation Announces ZK Grants Round to Enhance Zero-Knowledge Proof Systems
The Ethereum Foundation has unveiled a new ZK Grants Round, aimed at accelerating the development and adoption of zero-knowledge (ZK) proof systems. This initiative seeks to foster innovation and address critical challenges within the...
Ether ETF Approved – What happens next?
Ethereum has climbed up to the top ranks in the cryptocurrency landscape with its powerful value propositions. Anyone who wants to invest in Ether would have to familiarize with the technical aspects of digital asset management. The Ether ETF approval might reduce the...
Canadian Dollar Eyes Inflation Release
The Canadian dollar is showing limited movement on Tuesday. USD/CAD is trading at 1.3675 in the European session, up 0.12% on the day at the time of writing. We could see some volatility in the North American session, when Canada releases the May CPI report. In the...
Oil prices consolidate after Brent’s highest finish in nearly 2 months
Oil futures were lower Tuesday morning, consolidating after front-month Brent ended the previous session at a nearly two-month high, buoyed in part by geopolitical worries.
Genesis, interop.io announce technology alliance
Genesis Global and interop.io today announced a technology alliance to promote software innovation and customized, multi-application workflows in the financial markets industry. The alliance makes it seamless for mutual clients to bring high-performance front-,...
SAT stays Sebi order on former PTC India CMD Rajib Kumar Mishra, ET BFSI
The Securities Appellate Tribunal (SAT) has stayed a Sebi order that restrained former PTC India chairman and managing director Rajib Kumar Mishra from being a director in a listed entity for six months in a matter pertaining to corporate governance lapses. Following...
Financials, banks boost Indian shares to record highs, BFSI News, ET BFSI
By Sethuraman N R and Hritam MukherjeeBENGALURU - Indian benchmarks rose to record highs on Tuesday, lifted by a surge in heavyweight financial and bank stocks that have lagged sectoral peers so far this year. The NSE Nifty 50 index was up 0.6% at 23,668 as of 01:13...
Why GameStop’s $2.1 billion stock sale taxes its shareholders and hurts the economy
Foolish traders are indirectly funding GameStop’s balance sheet.
USD/JPY: Bulls Gesitate on Approach to 160.00 Barrier, Potential Intervention Trigger
USDJPY edges lower after hitting levels just ticks away from 160 barrier, which many see as a trigger for intervention, as Japan’s authorities intervened at the end of April when the pair cracked 160 barrier. Monday’s trading was closed in red for the first time in...
BitMEX to List New XBTQ24 Bitcoin-Margined Futures Contract
BitMEX has announced the upcoming listing of a new XBTQ24 futures contract, which is underlined and margined in Bitcoin (BTC). According to BitMEX, the new contract will be available for trading starting on June 25, 2024, at 04:00 UTC....
a16z crypto: Exploring Key Frameworks for Decentralization in Web3 Startups
Decentralization has become a cornerstone concept for Web3 startups, offering pathways to build more resilient, trustless, and autonomous systems. According to a16z crypto, a venture capital fund investing in crypto and Web3 startups...
Marios Antoniou leaves M4Markets for CEO role at LP Prime
FNG has learned that experienced FX industry executive Marios Antoniou has been recruited as CEO of institutional FX/CFDs liquidity provider startup LP Prime. LP Prime was recently launched by former oneZero and PrimeXM executive Louay Amhaz, as was exclusively...
Citi appoints Jeegar Shah as the new Chief Financial Officer for India, ET BFSI
Citigroup today announced the appointment of Jeegar Shah as the new CFO for its India franchise, effective June 1, 2024.In this role, Shah will serve as the single point of contact for all financial matters in India. He will also be responsible for providing strategic...
GBP/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 201.51; (P) 202.11; (R1) 203.09; More… Intraday bias in GBP/JPY remains on the upside for 61.8% projection of 191.34 to 200.72 from 197.18 at 202.97. Firm break there will pave the way to 100% projection at 206.56 next. on the downside, below 200.46...
Finance Ministry calls meeting with PSBs to review financial inclusion schemes ahead of budget, ET BFSI
New Delhi: The finance ministry has called a meeting with heads of state-owned banks and financial institutions on Tuesday to review the progress of the government's flagship financial inclusion schemes such as the Jan Dhan Yojana, Jan Suraksha Yojana, and Mudra...
‘She told my grandchildren lies about me so they would despise me’: I’m disinheriting my ungrateful and selfish daughter. Could she contest my will?
“I once complimented my daughter and her partner on a nice plant in their garage and they started laughing, and told me it was marijuana.”
Microsoft’s ‘abusive’ bundling of Teams, Office products breached antitrust rules, EU says
The Microsoft Teams displayed on a smartphone.Sopa Images | Lightrocket | Getty ImagesThe European Union on Tuesday accused Microsoft of breaching antitrust rules with the "abusive" bundling of its Teams and Office products."The European Commission has informed...
Dollar Declines: How Deep Could the Correction Be?
By the end of last week, the American currency traded rather mixed: The USD/JPY currency pair strengthened by more than 200 pips and almost tested the significant resistance level at 160.00. The USD/CAD pair failed to break out of the medium-term flat corridor of...
Nuvei secures approval for Retail Services Category II License from Central Bank of UAE
Canadian fintech company Nuvei Corporation (TSX:NVEI) today announced that it has secured an in-principle approval for a Retail Services Category II License from the Central Bank of the UAE, representing an important strategic expansion into the United Arab Emirates...
Reliance Capital lenders set out conditions to grant extension to Hindujas, ET BFSI
Lenders to Anil Ambani-promoted Reliance Capital have filed an affidavit with the bankruptcy court stating that the winning bidder - a Hinduja Group entity - can be granted a 90-day extension only if it deposits Rs 2,750 crore in a lender's escrow account and pays 12%...
Bitfinex to List BLAST, Native Token of Blast L2, Enhancing Yield Opportunities
Bitfinex, a premier digital asset trading platform, has announced that it will be among the first exchanges to list BLAST, the native token of Blast, an Ethereum-based layer-2 blockchain. This move is expected to enhance staking and yield...
Something unusual is happening on Wall Street — and it likely bodes well for stocks
Something unusual is happening on Wall Street that is helping to boost the confidence of stock-market bulls as the first half of 2024 comes to a close.
Cisco is ‘very optimistic’ about its growing business with China EVs
Cisco established operations in China in 1994.Sopa Images | Lightrocket | Getty ImagesDALIAN, China — Cisco is "very optimistic" about its growing business with Chinese electric car companies as they expand overseas, the company's Greater China head told CNBC on...
Japanese Yen Technical Outlook: USD/JPY, EUR/JPY & GBP/JPY
FX intervention chatter returns, but is it enough for the ailing JPY? USD/JPY at psychological 160.00 handle. EUR/JPY prints morningstar candlestick pattern, hinting at the potential for further upside. Fundamental Overview The Japanese Yen continues to tread water...
Apple shuts down ‘Buy Now, Pay Later’ service to focus on third-party instalment loans, ET BFSI
Apple is discontinuing its 'Buy Now, Pay Later' (BNPL) service, Apple Pay Later, just a year after its launch as the company shifts its focus towards collaborating with third parties for instalment loan offerings.Introduced in the United States last year, Apple Pay...
Merck shares drop 10% as pharma giant scraps trial of promising cancer drug
Merck & Co called off a Phase III trial of its promising cancer drug Xevinapant after an independent panel concluded it is unlikely to meet its goals
IronFX to mitigate messaging app compliance risks with Convrs
Retail FX and CFDs broker IronFX has announced that it has taken a significant step to harness the potential of messaging apps while ensuring compliance, inking an agreement with messaging platform provider Convrs. Messaging apps are ubiquitous and easily accessible,...
Share of bank term deposits offering 7-8% doubles in FY24, BFSI News, ET BFSI
Approximately 58.9 percent of banks' term deposits carried an interest rate between 7 and 8 percent, a substantial increase from 30.3 percent a year earlier. Additionally, 5.5 percent of TDs offered interest rates above 8 percent, up from 3.4 percent in March 2023.In...
CADJPY Aims for April’s Multi-Year High
CADJPY surpasses key resistance levels, but enters overbought zone Next resistance at 117.93; support at 115.80-116.00 Canadian CPI inflation due for release at 12:30 GMT CADJPY is in the third consecutive week of gains, having experienced an impressive rally to...
Don’t miss this 1929 Hudson River home of Michael Douglas and Catherine Zeta-Jones, listed for $12 million
The power couple’s mansion boasts eight bedrooms, 11.5 baths, and more than 11,600 square feet on 12 acres.
Oracle warns that a TikTok ban would hurt business
Oracle CEO Safra Catz, center, departs following a meeting on Capitol Hill in Washington on June 18, 2024. Chief executives from major companies including Palantir Technologies and Oracle Corp. met with senators at the Capitol Tuesday to press for US support of Israel...
BitMEX Announces Updated Index Weights for Q3 2024
BitMEX, a leading cryptocurrency derivatives exchange, has announced an update to its index weights, effective June 28, 2024, at 04:00 UTC. This update will see the introduction of the 'NEXT' index family, which will publish hypothetical...
India starts preparing for a China-like population problem, BFSI News, ET BFSI
While India looks with hope at its demographic dividend, a large number of young population which can drive the economy to new heights, it must contend with a challenging future prospect which China is already struggling with. A few months ago, the story of a retired...
Which Dividend Stock is the Better Buy? :: InvestMacro
By The Ino.com TeamDespite the industry challenges, Chevron Corporation (CVX) and NextEra Energy, Inc. (NEE) are both gaining significant traction and rewarding shareholders with reliable dividends. But if you had to choose between them, which would be the better...
Latest gold loan interest rates of 24 banks, ET BFSI
A gold loan is a flexible financial instrument that meets a range of objectives, from supporting your foreign trips to handling unforeseen bills. Unlike other loans, which need a complicated approval procedure and a lot of paperwork, gold loans are convenient.The...
Gold Reverses Back Below 50-day SMA
Gold retreats after unsuccessful break above 50-day SMA The price extends its structure of lower highs Momentum indicators turn bearish Gold had been in a steady recovery from its recent one-month low, which led to the price closing above its 50-day simple moving...
‘His wife is manipulative’: My father married a woman, 60, with no money, then changed his will. How can I preserve my inheritance?
“He changed his will, leaving his new wife his share of the estate, plus all of the contents of the house, including family heirlooms.”
Nvidia slides 13% in three days after becoming most valuable company
Nvidia CEO Jensen Huang makes a speech at an event at COMPUTEX forum in Taipei, Taiwan June 4, 2024. Ann Wang | ReutersSince briefly becoming the world's most valuable company last week, Nvidia has dropped for three consecutive trading days and is now down 13% from...
Amid outflow fears, RBI reviews LCR by carrying out special audits with banks, ET BFSI
The Reserve Bank of India has recently carried out special audits with banks to check whether they are holding the appropriate securities to qualify for liquidity coverage ratio, a move that comes at a time when the central bank has expressed concern over sudden...
Airbus shares drop 10% as plane maker cuts guidance and forecasts fewer deliveries
Airbus said supply chain issues will see it deliver fewer planes this year and lead to a slower-than-expected increase in production of its A320 aircraft
OpenAI changes secondary stock sale rules, treats ex-staffers equally
OpenAI CEO Sam Altman speaks during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024. Jason Redmond | AFP | Getty ImagesOpenAI has reversed its policies toward secondary share sales, and will now allow current and former...
Reps. Ronny Jackson, Wesley Hunt probed on campaign cash for club dues
From left, Reps. Monica De La Cruz, R-Texas, Wesley Hunt, R-Texas, Ronny Jackson, R-Texas, and Dan Crenshaw, R-Texas, display Texas temporary tattoos to mark Texas Independence Day, which in on March 2nd, on the house steps of the U.S. Capitol after the last votes of...
Canadian CPI Takes Center Stage; Yen Stabilizes in Quiet Trading
Trading in the Asian session has been quiet today and is expected to remain so during the European session, given the empty economic calendar. However, Yen continues to be a significant focus among market participants. Discussions are emerging about the possibility of...
NetSuite Introduces SuiteSuccess Healthcare Edition to Boost Efficiency and Patient Care
NetSuite has announced the launch of its SuiteSuccess Healthcare Edition, a comprehensive solution designed to streamline business processes, expand insights, and enhance decision-making within the healthcare industry, according to...
ION integrates its fixed income solutions with XTP Execution
ION, a provider of mission-critical trading and workflow automation software, high-value analytics, and strategic consulting, announces the successful integration of its fixed income solutions with XTP Execution, extending client access to a range of futures markets...
TinyTap and Open Campus to Host EDU Denver, a Fusion Event for Education and Web3 Leaders
Education innovators TinyTap and Open Campus have announced their inaugural event, “EDU Denver,” set to take place on June 24, 2024, from 19:00 to 23:00 MST in Denver, Colorado. This free event aims to bring together leaders in education...
Northern Arc Capital secures $75 mln from FMO via Senior Secured Debentures, ET BFSI
Northern Arc Capital Limited, a diversified non-banking financial company (NBFC) in India, has successfully raised $75 million (INR 620 crore) through the issuance of senior secured, listed Non-Convertible Debentures (NCDs). This substantial investment comes from FMO,...
Time to reset the 4% inflation target?, BFSI News, ET BFSI
Views expressed in the latest rate-setting meeting of RBI include those who feel the repo rate is high and needs to be cut. Two external members of the six-member Monetary Policy Committee (MPC) made a strong pitch for cutting the rate, held at 6.5% since February...
S&P Global Market revises China’s growth forecast, still significantly lower than India, ET BFSI
NEW DELHI: The S&P Global Market Intelligence has marginally increased its GDP forecasts for China from 4.5 per cent to 4.6 per cent primarily due to anticipated policy tailwinds extending into the next year and a gradual improvement in private-sector sentiment....
FX option expiries for 25 June 10am New York cut
There is just one to take note of on the day, as highlighted in bold.That being for EUR/USD at the 1.0700 level. The expiries should keep a floor on price action in the session ahead, if anything else. But the spot price is slightly far away with a more muted mood...
Warren Buffett and other billionaires are buying blue-chip energy stocks. Here’s why.
The energy sector is keeping the lights on for investors.
HKMA Hosts Seminar on Banking Sector Support for SMEs
The Hong Kong Monetary Authority (HKMA), in collaboration with the Hong Kong Association of Banks and the Chinese Banking Association of Hong Kong, recently concluded a seminar focused on the banking sector’s support measures for small...
Even the bulls are getting trampled by the tech-sector-heavy U.S. market. A meltup could be coming.
Ed Yardeni: Why Nvidia and stocks now might remind you of Cisco and the 1990s market bubble.
American Apathy Supports Oil – Action Forex
The price of crude Oil rose steadily in the previous fortnight and is starting the new week with a positive trend. This rise emphasises the importance of the 200-week moving average, below which the price has not fallen for a long time for more than three years. The...
What are Alston Awards and the Tax Implications?
By now, you have probably heard that high school and college athletes can use their Name, Image, and Likeness (NIL) to make money while playing college sports, but there is a second form of compensation for NIL athletes called Alston Awards. You may be wondering,...
Trump in talks to speak at bitcoin convention
bitcoin dailyUS Presidential hopeful Donald Trump is in talks to speak at Bitcoin 2024 in Nashville at the end of July, according to Axios.Margins are tight in the election and Trump is trying to court every vote he can."I will end Joe Biden's war on crypto," Trump...
Disney Pixar ‘Inside Out 2’ could top $1 billion at box office
In Disney and Pixar's "Inside Out 2," Riley's Sense of Self is made up of all of her beliefs, each of which can be heard with the pluck of a string. Sadness (voice of Phyllis Smith) and Joy (voice of Amy Poehler) deliver key memories to this formative land.Disney |...
Coinbase may be facing regulatory action over its accounting for crypto assets
Coinbase Global Inc. may be at risk of a regulatory enforcement action over its accounting for crypto assets, according to accounting experts, who reviewed the crypto trading site’s numbers before and after it opted for early adoption of a new rule.
Yen Steadies After Dreadful Week
The Japanese yen has posted gains on Monday. In the European session, USD/JPY is trading at 159.26, down 0.10%. The yen hasn’t had a winning daily session since June 19th and declined 1.5% last week. On the data front, Japan releases the Services Producer Price Index....
Stretch Your Dollars—Without the Stress
You’ve probably heard us say it: YNAB isn’t just an app. It's a life-changing method grounded in four simple habits designed to help you spend, save, and give intentionally. Even joyfully.But in tough financial situations, being joyful about money can be hard to...
Novo Nordisk to boost output of Wegovy, Ozempic with new NC facility
Novo Nordisk's new manufacturing facility in Clayton, North Carolina.Courtesy: Novo NordiskNovo Nordisk on Monday said it will spend $4.1 billion to build a new manufacturing plant in Clayton, North Carolina, in a bid to boost the supply of its blockbuster weight loss...
Tether (USDT) Shifts Focus to Community-Driven Blockchain Support
Tether, the issuer of the widely-used stablecoin USD₮ (USDT), has announced a strategic transition to prioritize community-driven blockchain support. According to tether.io, the company will discontinue support for the EOS and Algorand...
The S&P 500 is blowing past the Dow by double digits — here’s why that will change
Nvidia and Meta Platforms are 2 reasons for the S&P 500’s outperformance.
USD/JPY: Verbal Intervention Intensified But Real Intervention May Have to Wait
The USD/JPY has traded higher in the past 7 sessions and printed an intraday high of 159.85 last Friday, 21 June which coincided with its 34-year high of 160.23 printed on 26 April. Last week’s persistent JPY weakness prompted Japan’s Ministry of Finance Vice...
Is Nvidia doomed to be the next Cisco or Intel? Here’s what investors need to know.
Recent volatility in Nvidia Corp.’s stock is bringing back memories from the start of this century, when companies like Cisco Systems Inc. and Intel Corp. saw their shares crash and never fully recover after the dot-com bubble burst.
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 159.02; (P) 159.44; (R1) 160.22; More… Despite the deep but brief retreat, intraday bias in USD/JPY stays mildly on the upside with 158.65 minor support intact. Current rally should target 160.20 high, or possibly to 100% projection of 151.86 to...
Canara Bank”s X account “compromised”, investigation underway, ET BFSI
Bengaluru: State-owned Canara Bank on Sunday said that its account on social media platform X has been "compromised"."Canara Bank would like to inform all concerned that the bank's official X (formerly Twitter) account has been compromised. All concerned teams are...
Trump beats Biden for ‘king of debt’ title as market braces for crush of federal bonds
Excluding COVID stimulus money, President Trump approved $4.8 trillion in new debt to President Biden’s $2.2 trillion.
ETF Outflows and Market Pressures: Is a Bottom for Bitcoin (BTC) Near?
The cryptocurrency market is currently experiencing a state of uncertainty, with Bitcoin (BTC) nearing higher timeframe range lows on daily, weekly, and monthly charts. Additionally, there is a downtrend in lower timeframe charts, ranging...
Ferrari CEO Benedetto Vigna: All-electric model preserves ’emotion’
Ferrari's all-electric model won't be launched for over a year, but early tests indicate it has all the driving traits and emotion of a true Ferrari, according to Ferrari CEO Benedetto Vigna."The final judge will be the client," Vigna told CNBC during the opening of...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8917; (P) 0.8931; (R1) 0.8958; More…. USD/CHF is extending the consolidation above 0.8825 and intraday bias remains neutral first. Still, near term outlook remains bearish with 0.8992 resistance intact. Break of 0.8825 will resume the fall from...
Google Unveils New AI Tools for Workspace for Education
Google has announced the release of new AI tools for its Google Workspace for Education, including the introduction of Gemini, aimed at enhancing learning experiences for teen students. This move is part of Google's broader commitment to...
My wife and I are in our 60s. We applied for a HELOC to protect our assets from unknown risks — what else should we do?
“We are looking for income in retirement.”
Lancaster Investment Management questions offer for Hargreaves Lansdown
Lancaster Investment Management has sent a letter to Alison Platt, Chair of Hargreaves Lansdown PLC (LON:HL), regarding the latest Consortium offer for HL. Let’s recall that on June 18, 2024, Hargreaves Lansdown confirmed that it has received a further non-binding...
Mcap of three of top-10 most valued firms jumps Rs 1.06 lakh cr; HDFC Bank, ICICI Bank shine, ET BFSI
The combined market valuation of three of the top-10 most valued firms jumped Rs 1,06,125.98 crore in holiday-shortened last week, with HDFC Bank and ICICI Bank emerging as the biggest gainers. Last week, the BSE benchmark Sensex climbed 217.13 points or 0.28 per...
Paramount+ to increase prices for its streaming plans
Paramount Global is hiking the price of its flagship streaming service as the company looks to turn around its business.The company said Monday it will raise the price of the Paramount+ with Showtime plan by $1 to $12.99 a month, and the price of its Paramount+...
Expect the stock market’s winners to keep on winning — until this happens, Morgan Stanley’s top strategist says
There has been a stark divide in the U.S. stock market recently between winners and losers. Morgan Stanley’s top equity strategist, Michael Wilson, expects the winners to keep on winning — and he is recommending that clients keep their portfolios positioned...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2619; (P) 1.2646; (R1) 1.2671; More… Intraday bias in GBP/USD is turned neutral first with current recovery. Further decline is expected as long as 1.2739 resistance holds. Break of 1.2622, and sustained trading below 1.2633 resistance turned...
IBM Research Unveils Cost-Effective AI Inferencing with Speculative Decoding
IBM Research has announced a significant breakthrough in AI inferencing, combining speculative decoding with paged attention to enhance the cost performance of large language models (LLMs). This development promises to make customer care...
IG US rebrands Forex trading platform to tastyfx
Forex broker IG US announces today the rebranding of its brokerage and platform technology to tastyfx, offering a more aligned experience for their US-based customers and bringing FX trading closer to the tasty family of products. The name is changing but the trading...
Are stocks melting up? Two S&P 500 sectors swell to level before ‘Tech Wreck’
The U.S. stock market may be in a melt-up, with two sectors in the S&P 500 swelling to a high level seen before the technology bubble burst in early 2000, according to Yardeni Research.
Government asks PSBs to identify non-performing vendors, create negative list, ET BFSI
New Delhi: Service providers to public sector banks (PSBs), including vendors, law and consulting firms, and IT companies, may face challenges securing contracts from all PSBs if they underperform or delay projects of any one bank. The government has asked lenders to...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0669; (P) 1.0695; (R1) 1.0719; More…. Intraday bias in EUR/USD remains neutral as range trading continues above 1.0667. Further fall is expected with 1.0760 resistance intact. Decline from 1.0915 is seen as another leg in the larger corrective...
Why Broadcom’s stock just got its most upbeat endorsement yet
BofA sees plenty of reasons to like Broadcom’s stock, including its management team, growth profile and free-cash-flow yield.
CoinShares sells FTX claim – FX News Group
CoinShares International Limited, a European investment company specialising in digital assets, today announced the successful sale of its FTX claim. The agreement, subject to customary closing conditions, will yield a recovery rate of 116% net of broker fees,...
India’s FY24 CAD narrows to 0.7% of GDP, achieves 0.6% surplus of GDP in Q4, ET BFSI
The Central Bank, on Monday released the data on India's balance of payments (BoP) for the fourth quarter (Q4) of the financial year 2023-24.India's foreign exchange reserves experienced an increase during the financial year 2023-24. According to the RBI, the forex...
Creating Your First GitHub Repository: A Beginner’s Guide
Creating a GitHub repository is a crucial first step for anyone looking to manage projects using Git. According to The GitHub Blog, the third installment of their 'GitHub for Beginners' series offers a comprehensive guide on how to create...
14 Money Management Tips for Beginners
Anyone can improve their finances by taking them seriously and making informed decisions. Conducting a financial check-up on yourself every six months can help you stay on track and prevent problems before they get out of control. Once you complete your semi-annual...
USD Weekly Analysis: USDX and EURUSD
Fundamental Analysis This week we will have a few high-impact data releases from the economic calendar. Still, the focus will be on several speeches by Fed officials, with five out of eight appearances scheduled featuring hawkish members. This will drive a strong...
Few takers for banks’ green deposit schemes, more incentives needed, say experts, ET BFSI
Lenders including the State Bank of India (SBI) are grappling with challenges in mobilising green deposits, despite efforts to promote environmentally friendly financing options. More than a year after the Reserve Bank of India (RBI) introduced guidelines for banks to...
Medical-device makers ResMed and Inspire slump after Lilly’s Zepbound trial shows benefits for sleep apnea
ResMed and Inspire Medical make devices that help patients with sleep apnea breathe better.
First Time Investors, Here’s What You Need To Know About Taxes
The number of people investing in stocks has increased over the years, especially when it comes to Millennials and Gen Z. Investing for your future or retirement is important, but the tax implications can often be unpredictable. Here are some helpful tips to guide you...
Yellen announces new housing fund amid sticky shelter inflation
A maintenance worker sweeps the street in front of a row of new homes in Fairfax, Virginia, on August 22, 2023. Andrew Caballero-Reynolds | AFP | Getty ImagesTreasury Secretary Janet Yellen on Monday unveiled a new slate of financing initiatives to support housing...
Australian Dollar Calm Ahead of Consumer Confidence
The Australian dollar has started the week quietly. AUD/USD is trading at 0.6648 early in the North American session, up 0.11% on the day. Australia releases Westpac Consumer Sentiment early on Tuesday. Consumer confidence has been weak and fell 0.3% in May to 82.4,...
Eurex Clearing participates in second wave of ECB trials on new technologies for settlement
Eurex Clearing is actively participating in the second wave of the Eurosystem’s exploratory work on new technologies for wholesale central bank digital money settlement. These trials aim to explore the potential of distributed ledger technology (DLT). The ECB has now...
11 favored semiconductor stocks expected to outperform Nvidia over the next year
Nvidia Corp. dominates coverage of the semiconductor industry, but there are other semiconductor manufacturers that are also growing quickly during this upcycle for the industry.
Consumer durables demand sparks bank lending boom in India, BFSI News, ET BFSI
The demand for consumer durable loans in metro cities has surged dramatically over the past five years, driven by robust consumer spending on electronic gadgets and home appliances. According to Reserve Bank of India (RBI) data, these loans have skyrocketed from Rs...
Google Expands AI Tools to Support Students and Educators Globally
Google is advancing its commitment to making AI broadly accessible by introducing a variety of tools designed to enhance educational experiences for both students and educators. As reported by blog.google, the tech giant is leveraging AI...
Fed’s Goolsbee optimistic on inflation improvement
In a CNBC interview today, Chicago Fed President Austan Goolsbee expressed cautious optimism about inflation in the US, describing himself as “closet optimistic” that there will be improvement on the inflation front. Goolsbee refrained from commenting on the timing of...
Tax Filing Tips for Bloggers
Welcome to our tax filing tips blog specifically designed for bloggers! Understanding the various ways you can earn income from blogging and determining your eligibility to deduct business expenses are crucial steps to filing an accurate tax return. Whether you’re a...
Nvidia is ‘both king and kingmaker,’ and these chip stocks could pop in its wake
Marvell and Astera Labs can continue growing alongside Nvidia, according to Jefferies.
Trump Media stock jumps, reversing weekslong decline in DJT share price
The Truth social network logo is seen in this photo illustration on 04 December, 2023 in Warsaw, Poland. Jaap Arriens | Nurphoto | Getty ImagesShares of Trump Media soared 15% at the market's open on Monday, as the firm majority-owned by former President Donald Trump...
USDInd set for rollercoaster ride? :: InvestMacro
US Presidential debate & PCE deflators in focusOver past year PCE deflators triggered moves of 0.3% ↑ or ↓Technical levels – 106.50, 105.60 & 105.20Watch this space because FXTM’s USDInd could be jolted by economic and political forces!It’s all about the Biden...
Bank of Baroda appoints Chayani Sundar as the new Chief Financial Officer, ET BFSI
Bank of Baroda has named Chayani Manoj Sundar as its new Chief Financial Officer (CFO), effective from June 21, 2024. Chayani, a seasoned professional with over 19 years of experience in the banking sector, brings expertise in financial and credit operations. He holds...
Riot Platforms Calls for Special Meeting to Overhaul Bitfarms Board
Riot Platforms, Inc. (NASDAQ: RIOT) has requisitioned a special meeting of Bitfarms Ltd. (NASDAQ: BITF) shareholders to reconstitute the Bitfarms Board of Directors, according to Riot Platforms. Riot, which owns approximately 14.9% of...
AI revolution is still a long way off, Oaktree founder Howard Marks says
Howard Marks said he believes it will take a good amount of time before AI technologies start impacting non-AI companies.
Sunset Market Commentary
Markets It was a slow but constructive start of the week. The economic calendar had little to offer with the exception of the German Ifo indicator. Confidence fell in June from May with the headline series easing from 89.3 to 88.6. Both the current assessment (88.3)...
Astar Network and Startale Announce Strategic Merger for Web3 Growth
Astar Network and Startale have announced a strategic merger, marking the commencement of a comprehensive two-phase strategy known as Astar Evolution. This significant move aims to leverage the combined strengths of both entities to...
Exclusive: FlowBank shareholders considering legal action to oppose forced bankruptcy
FNG Exclusive … FNG has learned that the management and shareholders of Swiss neobank/neobroker FlowBank are planning on taking legal action against the country’s financial regulator FINMA, to oppose the forced bankruptcy and liquidation of the company. Two weeks ago,...
A former Estée Lauder executive wanted to create a Harvard scholarship for students of Armenian descent. The school turned her down.
The case comes as scholarships tied to race and ethnicity are posing challenges to donors and schools in the wake of the Supreme Court’s affirmative action decision
Kotak Mahindra Bank to add up to 200 branches in FY25, ET BFSI
India's Kotak Mahindra Bank will increase its pace of opening new branches and add about 175 to 200 branches in the financial year 2024-25, a senior official at the bank said, months after the central bank barred the private lender from sourcing new customers...
BTCUSD Elliott Wave : Forecasting the Decline Toward New Lows
In this technical article we’re going to take a quick look at the Elliott Wave charts of Bitcoin BTCUSD , published in members area of the website. As our members know, Bitcoin is doing a correction against the 56510 low, which is unfolding as a Flat pattern. Now, the...
RBI urges banks to address credit gaps for underserved sectors, ET BFSI
India's progress in providing banking access across the country notwithstanding, the micro and small business units, marginal farmers and self-help group members still suffer from unavailability of institutional credit, while grassroot customers do not get...
Alnylam’s stock surges as heart drug vies with a Pfizer blockbuster
Alnylam Pharmaceuticals’ stock jumped nearly 40% premarket on Monday after the company released results of a late-stage trial for a heart drug that analysts see competing with a key Pfizer treatment.
Bitcoin flirts with $60,000 in a dangerous moment for risk appetite
Bitcoin is trading at the lowest since mid-May after a dump in Europe that's only been held up by bids in the $60,600 zone.daily bitcoinFirst of all, bitcoin is very technical and the inability to break $72,000 and instead forming a top is worrisome. If we break...
Yen Rebounds from 160 Level, Euro Gains but Political Risks Remain
USD/JPY attempt to break through the critical 160 level was unsuccessful for, as Yen recovered during a relatively quiet European session today. Although Yen surged briefly, there was no sustained selloff below the 159 mark against the greenback. The scale of the...
ICE to launch clearing service for U.S. Treasury securities and repurchasing agreements
Intercontinental Exchange, Inc. (NYSE:ICE) today announced it will launch a clearing service for all U.S. Treasury securities and repurchasing agreements. ICE operates many of the largest clearing houses globally and brings decades of experience in clearing products...
Thon Hotels Adopts Oracle Cloud for Enhanced Operations and Growth
Thon Hotels, one of Norway's largest hotel chains, has successfully migrated its entire portfolio to the Oracle Hospitality OPERA Cloud platform, according to oracle.com. This strategic move aims to streamline global operations and...
GT Force partners with ESAF Small Finance Bank to simplify E-2W Financing, ET BFSI
ESAF Small Finance Bank, headquartered in Thrissur, Kerala, is providing banking services and small loans to the underbanked, making it an ideal partner for GT Force in expanding its customer base.New Delhi: GT Force, a pioneer in electric two-wheeler manufacturing,...
SmallBizLady Summer Reading List 2024 » Succeed As Your Own Boss
It’s Summer, and that means it’s time a grab a good book and grow your expertise. There are many business books that have delivered an array of insightful and actionable reads. There are a particular set of books that I find valuable for small business owners seeking...
Apple’s stock is up 25% from its April low. Here’s how it can gain another 25%.
An analyst thinks Wall Street still underestimates AI’s potential to drive iPhone device upgrades.
Bitcoin tumbles back to $60,000 to start the week
A photo illustration depicting the cryptocurrency bitcoin.Jakub Porzycki | NurPhoto via Getty ImagesBitcoin continued its descent to $60,000 on Monday.The price of the flagship cryptocurrency was last down by more than 4% at $61,211.00, according to Coin Metrics....
Shein confidentially files for London IPO
Shein sign during its opening, at ABC Serrano, on 26 April, 2024 in Madrid, Spain. Alejandro Martinez Velez | Europa Press | Getty ImagesFast fashion giant Shein has confidentially filed for a public listing in London, a person familiar with the matter told CNBC. It...
Instrument of the Week (June 24—28): GBPAUD Outlook
The GBPAUD pair represents the exchange rate between the British Pound and the Australian Dollar, serving as a crucial metric of economic interaction between the United Kingdom and Australia. Monetary policy changes, economic reports, and political developments...
Vista Outdoor says CSG has raised its bid for its sports business to $2 billion
The move is the latest in a wave of M&A offerings aimed at Vista, a maker of outdoor products and ammunition, for all or parts of its business.
Alpha Group International joins FTSE 250
Alpha Group International plc (LON:ALPH), a global provider of financial solutions to corporations and institutions, today joined the FTSE 250. Alpha’s inclusion in the FTSE 250 index comes less than eight years after its IPO on AIM in 2017. In that time, the company...
India’s Kotak Mahindra Bank to add up to 200 branches in FY25, official says, ET BFSI
By Siddhi NayakMUMBAI - India's Kotak Mahindra Bank will increase its pace of opening new branches and add about 175 to 200 branches in the financial year 2024-25, a senior official at the bank said, months after the central bank barred the private lender from...
Entry-level ML Engineer Salary in US
Artificial intelligence has become a powerful force of change in the world, and its transformative impact is evident across different industries. Therefore, machine learning engineering has been gaining popularity as a promising choice for career development as AI...
EUR/JPY Outlook: Hits New Record High
EURJPY continues to trend higher and extends steep upleg into sixth straight day, to hit new record high above 171 mark in early Monday trading. Bulls firmly hold grip despite overbought conditions and signals from Japan’s authorities about the intervention to support...
Digital Asset Fund Flows Report Reveals Significant Outflows Amid Market Correction
According to CoinShares, the latest Digital Asset Fund Flows Weekly Report indicates a significant market correction with digital asset investment products experiencing a second consecutive week of outflows, totaling $584 million. This...
Oil edges higher after back-to-back weekly gains
Oil futures edged higher Monday morning, attempting to build on back-to-back weekly gains as crude rebounded from an early June slump that took prices to their lowest since early February.
FX industry veteran John Bogue joins ATFX as Director of Institutional Operations
Leading Retail FX and CFDs broker ATFX is continuing an impressive series of recent senior executive hires, announcing the appointment of John Bogue as the company’s new Director of Institutional Operations. With over 30 years of experience in the FX market, John...
Chairman Dinesh Khara, ET BFSI
(Representative Image)As part of the network expansion plan, State Bank of India (SBI) is planning to open 400 branches across the country in the current financial year. The country's biggest lender opened 137 branches last fiscal. Of the total, 59 new rural branches...
EUR/USD: Bounce Needs to Clear 1.0760 Barrier to Signal Stronger Correction
EURUSD bounces on Monday, as traders collect profits from Thu/Fri fall. The single currency regained traction despite weaker than expected German Ifo data, as sentiment improves on growing expectations on ECB rate cut, following recent weak economic data. Markets...
Vijay Mallya attends son Siddhartha Mallya’s lavish UK wedding amidst legal troubles, ET BFSI
Vijay Mallya was recently photographed attending the extravagant wedding of his son, Sidhartha Mallya, in the United Kingdom. The now fugitive businessman, embroiled in a high-profile alleged loan fraud case exceeding 900 crores, was seen at the celebration held at...
Group 1 Automotive says CDK cyberattack has disrupted processes at U.S. operations that rely on its systems
An estimated 50% to 60% of U.S. dealerships use CDK’s software, which offers one-stop-shop service for sales, title work, financing and services and parts orders.
Oracle Launches AI-Powered Clinical Digital Assistant for US Ambulatory Clinics
Oracle's New AI-Powered Solution for Ambulatory ClinicsOracle has announced the general availability of its Oracle Clinical Digital Assistant, a cutting-edge solution designed for ambulatory clinics in the US. The new offering integrates...
Binance Revises Zero-Fee Trading for JPY Spot Pairs, Introduces VIP Program
Binance, a leading cryptocurrency exchange, has announced updates to its zero-fee trading promotion for JPY spot trading pairs. Starting from June 25, 2024, at 00:00 UTC, standard maker and taker fees will be reintroduced for these...
An overbought market is a worry for traders but great for investors, according to Jefferies
Critical information for the U.S. trading day
Commodity markets are under pressure from the US dollar growth. New geopolitical risks in the Middle East are on the agenda :: InvestMacro
By JustMarketsAt the end of Friday, the Dow Jones (US30) Index added 0.04% (+1.61% for the week), while the S&P 500 (US500) Index fell 0.16% (+0.75% for the week). The NASDAQ Technology Index (US100) closed negative 0.18% (for the week +0.39%). Weakness in chip...
Thanks a bullion, RBI will take it from here; overseas gold reserves at 6-yr low, ET BFSI
The Reserve Bank of India's gold reserves parked overseas dropped to a six-year low at the end of March - 47% of total. This is the lowest since it started accumulating the precious metal in December 2017. Data shows that the RBI started bringing the gold to India in...
Crypto Dive
Market picture Along with the rest of the cryptocurrency market, Bitcoin is pulling back further into the area of last month’s lows. The sell-off intensified with the start of the new week, pushing total capitalisation back 3.6% in 24 hours to $2.26 trillion, which we...
Target taps Shopify to add sellers to its third-party marketplace
Target is turning to Shopify to add new and trendier brands to its website.Starting Monday, the Minneapolis-based discounter said companies that work with Shopify can apply to join Target Plus, its third-party marketplace. Some of Shopify's customers are smaller or...
RBI’s overseas gold reserves drop to 6-year low! Share of gold held at home goes up to 53%, ET BFSI
The Reserve Bank of India's gold reserves stored overseas dropped to 47% of the total by the end of March, the lowest level since December 2017. The RBI began getting gold to India in March 2022, in the wake of the Russia-Ukraine war, a move reflective of global...
Policy in the works on finance, health support for elders, ET BFSI
New Delhi: India is considering policy measures for senior care that aim at providing health, financial, social and digital support to its aging population, officials said. All stakeholder ministries, including the ministry of health and family welfare, the ministry...
‘My mother is being catfished’: She fell ‘madly in love’ with a man over Facebook. How do I convince her that it’s a scam?
“My sister and I found loads of evidence online that this is a fake account. There are actually numerous fake accounts on various platforms that use this guy’s images.”
S&P 500 Falls from Record High in Anticipation of Key News
On Friday, at 15:30 GMT+3, the Core PCE Price Index values will be released – an economic indicator to which the Federal Reserve pays special attention when assessing inflation levels in the US. This event is likely to cause a surge of news in the financial markets,...
FCA takes action against three individuals from SVS Securities
The UK Financial Conduct Authority (FCA) has decided to ban and fine three individuals who were involved in running SVS Securities Plc, a discretionary fund manager. The three individuals are: Kulvir Virk, David John Alexander Stephen, and Demetrios Christos...
Hinduja rejigs fundraise plan for Reliance Capital deal, BFSI News, ET BFSI
Mumbai: Hinduja Group, the winning bidder for Reliance Capital (RCap), has reworked its fundraising plan by splitting it into two blocks: domestic and overseas. The group is looking to raise ₹7,500 crore funds from a mix of domestic and overseas private credit funds...
Some Indian rate panelists see growth risks from tight policy, ET BFSI
By Swati BhatMUMBAI, - India's economy needs an interest rate cut to sustain high growth, two external members of the central bank's rate panel said, arguing that food price shocks so far have not added to broader inflationary pressures.Ashima Goyal and Jayanth Varma,...
Binance Adds JPY Market to Fiat Liquidity Provider Program
Binance, one of the leading cryptocurrency exchanges, has announced an update to its Fiat Liquidity Provider Program, set to take effect on June 25, 2024. The update includes the addition of the Japanese Yen (JPY) market to the program,...
Apple’s App Store rules breach EU competition law, European Commission says
Apple could be facing a fresh fine after the European Commission said the rules it uses to govern its AppStore are in breach of the Digital Markets Act
USD/JPY Analysis: Rate Rises Above 159.9 Yen per Dollar
The yen was last this weak against the US dollar in late April, leading to currency interventions as the Bank of Japan deemed a rate above the psychological mark of 160 yen per USD unacceptable. The current weakness of the yen has triggered the usual warnings from...
Rupee underpinned by expected inflows, countered by weak Asian peers, ET BFSI
By Nimesh VoraMUMBAI - The Indian rupee was largely unchanged on Monday with expectations of dollar inflows related to domestic bonds being included in a JPMorgan index being countered by weakness in the Chinese yuan and Japanese yen. The rupee was at 83.5350 to the...
Trump is trying to win a nonconsecutive term. Here’s how another president did it.
Donald Trump is looking to become the second president to win nonconsecutive terms, after Grover Cleveland. A Cleveland biographer offers his take on the 1892 and 2024 elections in this Q&A.
Japan’s FSA issues business improvement orders to MUFG Bank, Mitsubishi UFJ Morgan Stanley Securities
MUFG Bank, Ltd today confirmed an administrative action has been taken by the Financial Services Agency (FSA) of Japan. On June 14, Japan’s Securities and Exchange Surveillance Commission announced that it had recommended that the Prime Minister and the Commissioner...
This bank revises savings account interest rates; now earn up to 7.75% interest rate, ET BFSI
The digital-first, new-age bank Unity Small Finance Bank Limited (Unity Bank) has raised the interest rate slabs on savings accounts, according to the bank press release dated June 24, 2024.Latest interest rates of PPF, Sukanya Samriddhi Yojana, Senior Citizen Saving...
Yen’s Plunge Puts Japan’s Intervention Resolve Under Scrutiny
Yen ended as the runaway loser last week as its decline reaccelerated towards the end. With the crucial 160 level against Dollar now within reach, market participants are keenly watching to see if Japan will intervene soon to prop up the Yen, or just let it depreciate...
Take a look at Meghan Trainor’s completely renovated $12 million mansion in Encino, Calif.
Trainor and her husband stand to make a tidy profit on the posh property, which they bought in 2020.
Synthesia now lets you make AI avatar presentations using a webcam
Synthesia launched an option to make AI-generated avatars by recording footage of yourself with a webcam or your phone.SynthesiaSynthesia, a British artificial intelligence startup, on Monday showed off a slew of new product updates including the ability to create...
Israel’s Netanyahu signals ‘intense’ stage of Gaza fighting close to end
A boy carries salvaged items from the rubble of a building destroyed during Israeli bombardment at al-Shati refugee camp in Gaza City on June 22, 2024, amid the ongoing conflict between Israel and Palestinian militant group Hamas.Omar Al-qattaa | Afp | Getty...
Ashima Goyal, an external member of MPC, ET BFSI
India's economy has the potential to safely grow around 8% but the nominal repo rate has to fall along with a projected decline in inflation, Ashima Goyal, an external member of the Monetary Policy Committee said to Bhaskar Dutta. The Reserve Bank of India has...
Mosaic Smart Data, Euroclear launch new initiative to transform data into valuable insights
Mosaic Smart Data, a real-time capital markets data analytics company, has launched a next generation data intelligence service, Smart Markets, powered by financial markets infrastructure provider Euroclear’s fixed income data including government and corporate bonds....
FII action, GST Council outcome among 10 factors to weigh on D-Street this week, ET BFSI
Nifty ended with 0.4% gains in a week-long holiday shortened by Bakri Eid. When markets resume trading on Monday, a host of important domestic and global events lined up during the holiday-truncated week are likely to impact them."The Indian stock markets exhibited...
German Ifo fall sto 88.6, struggling to overcome stagnation
German Ifo Business Climate fell from 89.3 to 88.6 in June, below expectation of 89.7. Current Assessment index was unchanged at 88.3, below expectation of 88.4. Expectations Index fell from 90.3 to 89.0, below expectation of 91.0. Ifo said that the German economy is...
UPS sells its Coyote Logistics business to RXO for $1 billion
United Parcel Service Inc. said Sunday it has agreed to sell its freight-brokerage business, Coyote Logistics, to RXO Inc. for $1.025 billion in cash.
China wants EU to scrap higher tariffs and ‘abide by WTO rules’
GUANGZHOU, CHINA - NOVEMBER 17: A GAC Aion Hyper SSR electric sports car is on display during the Auto Guangzhou 2023 at China Import & Export Fair Pazhou Complex on November 17, 2023 in Guangzhou, Guangdong Province of China. (Photo by Chen Yihang/VCG via Getty...
BOE leaves rate-cut hopes alive, BFSI News, ET BFSI
(Bloomberg) --The Bank of England hinted that more officials may be close to backing interest-rate cuts, keeping alive hopes of a policy easing by the end of the summer.The UK central bank this week kept its benchmark lending rate at a 16-year high of 5.25%. But...
FX option expiries for 24 June 10am New York cut
There are a couple to take note of on the day, as highlighted in bold.The first ones are for EUR/USD at 1.0690-00 and that is likely to keep price action more contained in the session ahead. There isn't much else to work with to start the week, so that should see a...
Multinational insurer Prudential PLC announces $2 billion stock buyback
Prudential PLC announced a $2 billion share-repurchase program Sunday, starting with a $700 million tranche.
Apple App Store rules are in breach of EU tech rules, regulators say
The Apple logo.Costfoto | Nurphoto | Getty ImagesEuropean Union regulators on Monday said that Apple is in breach of sweeping new tech rules because it does not allow customers of its App Store to be steered to alternatives.The European Commission, the EU's executive...
Japan’s Inaction and Refrained Rhetoric Lead to Speculation on New Intervention Threshold
Yen recovered mildly in quiet Asian session along with the Swiss Franc, driven by mild risk aversion in the region. Despite this uptick, there is no strong indication of a significant rebound for the Japanese currency following its sharp decline last week. Notably,...
Why Broadcom’s (AVGO) 10-for-1 Stock Split Could Attract a New Wave of Investors :: InvestMacro
By The Ino.com TeamBroadcom Inc. (AVGO), a prominent player in the semiconductor industry, announced a 10-for-1 forward stock split set to take effect on July 15, 2024, taking advantage of a rally in its shares this year. This decision comes on the heels of an...
Binance Introduces ‘Word of the Day’ Game with 1,000,000 Points in Rewards
Binance, a leading cryptocurrency exchange, has launched a new interactive game called 'Word of the Day' (WOTD), aimed at enhancing user engagement and crypto knowledge. Participants can share a pool of 1,000,000 Binance Points and win...
Resilient NBFCs Driving Innovation and Sustainability, ET BFSI
In an era defined by rapid technological advancements and evolving customer expectations, NBFCs are at a pivotal juncture. To remain competitive and drive sustainable growth, they must adopt a comprehensive strategy encompassing digital adoption, strategic...
Real rate of interest at 1.5 pc apt for economy: Shashanka Bhide, ET BFSI
A real interest rate of around 1.5% and inflation dipping closer to the Monetary Policy Committee's 4% target would be desirable for the Indian economy, Shashanka Bhide, an external member of the rate-setting panel, told Bhaskar Dutta. Edited excerpts:What is your...
Taxing the super-rich? 74% of Indians support it – Here’s why, ET BFSI
As G20 finance ministers prepare to meet next month, a new survey reveals overwhelming public support for a wealth tax on the super-rich. The survey, conducted by the Earth4All initiative and Global Commons Alliance, found that 68 per cent of people in G20 countries...
Binance Introduces Lista (LISTA) on Multiple Trading Platforms
Comprehensive Integration of Lista (LISTA)Leading cryptocurrency exchange Binance has announced the integration of Lista (LISTA) across multiple trading platforms, including Binance Simple Earn, Buy Crypto, Convert, Margin, and Futures....
Chainlink (LINK)’s CCIP Implements Key Security Features Through Decentralization and Risk Management
Chainlink (LINK)'s Cross-Chain Interoperability Protocol (CCIP) leverages three critical architectural decisions to ensure advanced security and reliability in the blockchain ecosystem, according to the Chainlink Blog. Decentralization as...
Oracle Autonomous Database Now Available on Oracle Database@Azure
Oracle Autonomous Database is now generally available on Oracle Database@Azure in the Microsoft Azure East U.S. region, according to oracle.com. Oracle will operate and manage the Oracle Autonomous Database Cloud Service, marking it as...
AI Brain Implant Enables Bilingual Communication for Stroke Survivor
In a groundbreaking advancement, scientists have successfully enabled a stroke survivor to communicate in both Spanish and English using a neuroprosthesis implant. This development, detailed in a study from the lab of Dr. Edward Chang at...
AssemblyAI Enhances Speaker Diarization with New Languages and Improved Accuracy
AssemblyAI has announced significant upgrades to its Speaker Diarization service, which is designed to identify individual speakers within a conversation. According to the company, these improvements have led to enhanced accuracy and...
Stocks are having their best election year since 1976. What the rally needs to continue.
U.S. stocks have posted an impressive election-year rally so far in 2024. But as investors question whether that rally will continue, they’re watching inflation and economic-growth data to gauge the Federal Reserve’s potential interest-rate path, as well as corporate...
Character.AI Enhances AI Inference Efficiency, Reduces Costs by 33X
Character.AI, a full-stack AI company, has unveiled a series of groundbreaking advancements in AI inference technology. These innovations are set to make large language models (LLMs) more efficient and cost-effective, according to a...
Influcencing BAKE and LISTA, Binance Introduces New Trading Pairs and Trading Bots Services
Binance, a leading cryptocurrency exchange, is set to expand its trading options on Binance Spot by introducing new trading pairs and Trading Bots services, according to an official announcement from Binance. New Trading Pairs Starting...
BoB aims to double tech team headcount to 3,000 by FY26-end, ET BFSI
Mumbai: State-owned Bank of Baroda is aiming to double its in-house technology team headcount to 3,000 in the next two years, a top official has said. The new additions to the current team strength of 1,500 employees will be done both through the regular hiring...
Forex and Cryptocurrency Forecast – Action Forex
EUR/USD: Eurozone – Rising Inflation, Falling Economy As revised Eurostat data published on Monday, June 17, showed, inflation (CPI) in the 20 Eurozone countries accelerated to 2.6% (y/y) in May, compared to 2.4% in April when it was at its lowest since November 2023....
Ripple (XRP)’s Study Reveals Key Insights into Payment Reconciliation Challenges
In the rapidly evolving landscape of global payments, Ripple (XRP) has consistently been at the forefront, revolutionizing how transactions are conducted across borders. According to Ripple, their commitment to understanding and improving...
Wall Street sees corporate profit margins creeping toward 2021 levels, as three household names prep earnings
Nike, Levi’s and FedEx report earnings this week, offering an early look at demand for sneakers, clothes and things sold online.
Github: Understanding Unsafe Deserialization Vulnerabilities in Ruby Projects
Unsafe deserialization vulnerabilities in Ruby projects can enable attackers to execute arbitrary commands on remote servers by sending JSON data. According to The GitHub Blog, these vulnerabilities occur when the deserialization process...
Oracle to Invest Over $1 Billion in AI and Cloud Computing in Spain
Oracle has announced plans to invest more than $1 billion to establish a third cloud region in Madrid, Spain. This major investment aims to bolster AI skills development and provide enhanced cloud services to various industries, including...
Trump previews debate attacks on Biden’s economy
Former U.S. President and Republican presidential candidate Donald Trump speaks during his campaign event, in Racine, Wisconsin, U.S. June 18, 2024. Brendan Mcdermid | ReutersFormer President Donald Trump on Saturday gave a brief glimpse of the ammunition he is...
OKX Ventures Invests in Avail to Enhance Rollup Unification
OKX Ventures, the investment arm of the leading crypto exchange and Web3 technology company OKX, has announced its participation in the Series A investment round for Avail, a unification layer designed to solve rollup fragmentation at...
RBI to ease compliance burden while fine tuning regulations to address evolving risks, ET BFSI
The Reserve Bank of India has decided to reduce the compliance burden to make life easier for the financial services entities while it is finetuning the regulatory and supervisory framework to make them ready to face evolving challenges.In parallel, the central bank...
NVIDIA: GeForce NOW Expands Library With ‘Tell Me Why’ and ‘As Dusk Falls’
NVIDIA's GeForce NOW continues to expand its cloud gaming library with the inclusion of award-winning titles 'Tell Me Why' and 'As Dusk Falls', as reported by the NVIDIA Blog. These narrative-driven games are among four new additions to...
Gautam Adani’s salary was less than his peers and executives in FY24. Here’s how much he got, ET BFSI
Billionaire Gautam Adani's salary was less than his top executives and peers in FY24, receiving Rs 9.26 crore in compensation. The chairman of the Adani Group drew a salary from only two companies out of the 10 listed entities in his ports-to-energy conglomerate, as...
Post-Brexit Trade Transformation: IOTA’s TLIP Enhances EU-UK Logistics
The Trade and Logistics Information Pipeline (TLIP), utilizing IOTA technology, aims to streamline EU-UK trade by enabling real-time data sharing and reducing administrative overhead, according to the IOTA Foundation Blog. The Role of...
Anthropic Unveils Claude 3.5 Sonnet: Advancing AI Capabilities
Anthropic has announced the release of Claude 3.5 Sonnet, the first model in its new Claude 3.5 model family. According to Anthropic, Claude 3.5 Sonnet significantly outperforms both competitor models and its predecessor, Claude 3 Opus,...
FX week in review: Hargreaves sale, HYCM license, CMC results, exec moves at Hantec, Scope Prime, LMAX
What new offer emerged this past week for UK online trading and investments house Hargreaves Lansdown? How did the Hargreaves board react, after rejecting a previous offer from the same group of private equity firms just a month ago? Why did Retail FX and CFDs broker...
Celo Foundation Promotes Eric Nakagawa to Executive Director Amid Leadership Expansion
The Celo Foundation has announced significant changes in its senior leadership, aiming to bolster the Celo ecosystem as it transitions to Ethereum Layer-2. Eric Nakagawa has been promoted to Executive Director, while Isha Varshney takes...
Chairman Dinesh Khara, ET BFSI
New Delhi: As part of the network expansion plan, State Bank of India (SBI) is planning to open 400 branches across the country in the current financial year. The country's biggest lender opened 137 branches last fiscal. Of the total, 59 new rural branches were...
Israeli strikes kill at least 42 in Gaza, Hamas-run media office says
A view of a street filled with rubbles of destroyed buildings following the Israeli attacks on Al-Shati refugee camp in Gaza City, Gaza on June 22, 2024. It was reported that there were dead and wounded in the attacks, including children. Anadolu | Anadolu | Getty...
Exploring LayerZero (ZRO): A Breakthrough in Blockchain Interoperability
In the rapidly evolving multichain paradigm of the Web3 ecosystem, LayerZero (ZRO) emerges as a novel solution poised to redefine Decentralized Applications (DApps) and cross-chain interactions. According to Bitfinex Blog, LayerZero...
Render Network Highlights Spring 2024 Achievements and Future Plans
As summer begins, Render Network took a moment to reflect on its accomplishments from the spring of 2024, highlighting network updates, releases, and Render Network Proposals (RNPs) that have propelled its decentralized platform forward....
Key Insights from the 2024 State of Cryptocurrency Investigations Report
Chainalysis has released a preview of its 2024 State of Cryptocurrency Investigations Report, offering a detailed look at how public sector employees worldwide perceive blockchain technology and their capability to investigate crypto...
EUR/GBP Weekly Outlook – Action Forex
EUR/GBP stayed in consolidation above 0.8396 last week but upside remains capped below 0.8482 support turned resistance. Initial bias stays neutral this week and further decline is expected. On the downside, below 0.8429 minor support will bring retest of 0.8396 low...
BitMEX Introduces ZROUSDT and TREMPUSDT Perpetual Contracts with Up to 10x Leverage
BitMEX, a leading cryptocurrency exchange, announced the listing of two new perpetual contracts, ZROUSDT and TREMPUSDT, starting on June 21, 2024, at 04:00 UTC. According to BitMEX Blog, these contracts will be Tether-margined, allowing...
EUR/CHF Weekly Outlook – Action Forex
EUR/CHF edged lower to 0.9476 last week but recovered since then. Initial bias remains neutral and some more consolidations would be seen. While stronger recovery cannot be ruled out, outlook will remain bearish as long as 0.9683 resistance holds. On the downside,...
USD/CAD Weekly Outlook – Action Forex
USD/CAD stayed in consolidation below 1.3790 last week and outlook is unchanged. Initial bias stays neutral this week first. Further rally is expected as long as 1.3662 support holds. Above 1.3790 will bring retest of 1.3845 high first. Nevertheless, break of 1.3662...
Taiko Mainnet Set for BCR Protocol Upgrade to Version 1.7.0
Taiko has announced an upcoming upgrade of its BCR mainnet protocol to version 1.7.0, scheduled for July 1st. According to taiko.mirror.xyz, this release maintains ABI compatibility with the current Taiko-geth and client releases but...
Apple’s OpenAI partnership threatens your online privacy and data security. Here’s what we can do.
Apple and other tech giants must be pushed to adopt more secure and ethical AI practices.
AUD/USD Weekly Report – Action Forex
AUD/USD’s consolidation from 0.6713 continued last week and outlook is unchanged. Initial bias stays neutral this week first. Further rally is in favor with 0.6578 cluster support (38.2% retracement of 0.6361 to 0.6713 at 0.6579) intact. On the upside, firm break of...
Binance Integrates Tether (USDT) with Toncoin Network, Enables Deposits and Withdrawals
Binance, a leading cryptocurrency exchange, has announced the completion of its integration of Tether (USDT) on the Toncoin Network. This development now allows users to deposit and withdraw USDT on this blockchain, according to...
Higher taxes, more inflation and lost benefits: How you pay the price for supersized U.S. debt
Growing deficit puts dollar’s global dominance and U.S. living standards at risk.
USD/CHF Weekly Outlook – Action Forex
USD/CHF dived to 0.8825 last week but recovered strongly since then. Initial bias remains neutral for consolidations above 0.8825. Near term outlook stays bearish as long as 0.8992 resistance holds. Break of 0.8825 will resume the fall from 0.9223 to 61.8% retracement...
Why AMD, Intel, Qualcomm and other PC giants need Apple’s AI effort to succeed
Apple’s consumer AI raises all boats — as long as Microsoft navigates.
Unveiling Scammer Tactics: ‘Too Good to Be True’ in The Guardian Papers
The Guardian Papers series by Gala News continues to delve into the dark world of scammers, providing insights into their deceptive tactics. The latest installment, aptly titled 'Too Good to Be True,' sheds light on the baiting techniques...
USD/JPY Weekly Outlook – Action Forex
USD/JPY’s rise from 151.68 accelerated to as high as 159.81 last week and there is no clear sign of topping yet. Initial bias remains on the upside this week for 160.20 high, or possibly to 100% projection of 151.86 to 157.70 from 154.53 at 160.37. But upside should...
Why Nvidia’s bonds are a safe-haven alternative to its high-flying stock
This analyst is recommending buying the bonds given the company’s huge free cash flow and minimal leverage.
Bank of Maharashtra pays Rs 857 cr dividend to govt, BFSI News, ET BFSI
New Delhi, State-owned Bank of Maharashtra (BoM) on Friday presented Rs 857 crore dividend cheque to Finance Minister Nirmala Sitharaman. The cheque was handed over by BoM managing director Nidhu Saxena and executive director Asheesh Pandey in the presence of...
‘It’s pure greed’: Parking prices for concerts now often top $50 — and can reach $1,000-plus
The most expensive city for concert parking, according to a new survey? San Francisco.
EUR/USD Weekly Outlook – Action Forex
EUR/USD stayed in consolidation above 1.0667 last week and outlook is unchanged. Initial bias remains neutral this week first and further fall is expected with 1.0760 resistance intact. Decline from 1.0915 is seen as another leg in the larger corrective pattern. Break...
Ethereum (ETH) Developers Discuss EIP 7702 and Pectra Devnet 1 in Latest ACDE Call
On June 20, 2024, Ethereum protocol developers convened virtually for All Core Developers Execution (ACDE) Call #190. The bi-weekly meeting, chaired by Ethereum Foundation (EF) Protocol Support Lead Tim Beiko, serves as a platform for...
U.S. bank regulators find flaws in four big bank ‘living wills’, ET BFSI
By Pete SchroederWASHINGTON, - U.S bank regulators dinged Bank of America, Citigroup, Goldman Sachs and JPMorgan Chase Friday for shortcomings in required plans for how they could be safely resolved in bankruptcy.Specifically, the Federal Reserve and Federal Deposit...
GBP/USD Weekly Outlook – Action Forex
GBP/USD’s fall from 1.2859 short term top continued last week despite interim recovery. Initial bias is now on the downside this week. Sustained break of 1.2633 resistance turned support will argue that whole rise from 1.2298 has completed, and target 1.2445 and...
BitMEX Lists ZROUSDT and TREMPUSDT with 10x Leverage
BitMEX, a leading cryptocurrency derivatives exchange, has announced the listing of two new perpetual swaps: ZROUSDT and TREMPUSDT. These new listings will allow traders to leverage their positions up to 10x, according to the BitMEX Blog....
Morgan Stanley buys 1.7 cr shares of Axis Bank for Rs 2,083 crore, ET BFSI
New Delhi: US-based investment banking company Morgan Stanley on Friday bought 1.7 crore shares of private sector lender Axis Bank for Rs 2,083 crore through an open market transaction. According to the bulk deal data available with the National Stock Exchange (NSE),...
FX, Stocks, Commodities, Cryptos… Learn How to Know When This Key Price Pattern is Over (Video) :: InvestMacro
By Elliott Wave International“12345-ABC.” That’s a basic Elliott wave pattern in a nutshell. That “12345” is a so-called impulse, and it’s a key price pattern to know, because impulses point in the direction of the larger trend. In this clip from a recent Trader’s...
EUR/JPY Weekly Outlook – Action Forex
EUR/JPY’s rally last week suggests that rise form 164.01 is resuming. Initial bias stays on the upside this week. Firm break of 170.87 will target 61.8% projection of 164.01 to 170.87 from 167.52 at 171.75. On the downside, below 169.31 minor support will dampen this...
Binance Simple Earn Launches AVA Flexible Products with Up to 6% Bonus APR
Binance Simple Earn has announced a new promotional campaign for AVA (AVA) Simple Earn Flexible Products. Users who subscribe to these products can enjoy an exclusive Bonus Tiered Annual Percentage Rate (APR) of up to 6% in addition to...
SBI MD, BFSI News, ET BFSI
Infrastructure investment trusts (InvITs) are enjoying immunity from insolvency proceedings and should be brought under the Insolvency and Bankruptcy Code, a top official from SBI said on Friday. Ashwini Kumar Tewari, the managing director of the bank, said lenders...
OpenAI Introduces Consistency Model to Improve Generation Speed
OpenAI has announced a groundbreaking development with the introduction of the Consistency Model, aimed at enhancing the speed of generative tasks across various media types, including image, audio, and video. This new model addresses the...
EUR/AUD Weekly Outlook – Action Forex
EUR/AUD’s down trend continued last week but it recovered after hitting 1.6026. Initial bias is neutral this week for some consolidations first. Upside should be limited by 1.6211 support turned resistance to bring another fall. Below 1.6026 will turn bias back to the...
SBI pays Rs 6,959 crore dividend to govt, BFSI News, ET BFSI
New Delhi, The country's biggest lender State Bank of India (SBI) on Friday paid a dividend of Rs 6,959 crore for the financial year 2023-24 to the government. The dividend cheque was presented to Finance Minister Nirmala Sitharaman by SBI Chairman Dinesh Kumar Khara...
I’m confused: Should I pay tax now or later on my retirement savings — and from what funds?
The best Roth conversion strategy can be elusive when you get conflicting advice.
Nvidia is little known despite topping $3 trillion in market cap
Nvidia CEO Jensen Huang makes a speech at an event at COMPUTEX forum in Taipei, Taiwan June 4, 2024. Ann Wang | ReutersApple, Microsoft, Amazon and Google were the four leading global brands at the end of 2023, according to consulting firm Interbrand. They're are also...
Gala Games Announces Discounts on Minting Scrolls and Kate Nova Rewards
Gala Games is set to enhance the gaming experience for players of Champions Arena with the introduction of discounted Scrolls of Minting and a special reward window featuring Kate Nova, according to Gala News. Scroll of Minting Sale From...
Indian Economy gets formalised at faster pace, labour force lags: SBI Ecowrap, ET BFSI
A latest ecowrap report by the State Bank of India highlighted that the Indian Economy is getting formalized at a faster pace where about 65 lakhs jobs have been formalized since FY19 and about 43 per cent consumption was contributed by those at the bottom of the...
I’m 39 with nearly twice my salary in retirement savings, plus a government pension. Should I be saving less for my retirement?
“I assume in my planning that I won’t get Social Security benefits as currently defined.”
Can private bank stocks lead from the front now?, BFSI News, ET BFSI
On June 19, 2024, the Bank Nifty reached a new high of 51,957. This milestone could be just the beginning, with potential for further acceleration and growth.It’s a known fact that due to improved operational efficiencies, the implementation of the Insolvency and...
GBP/JPY Weekly Outlook – Action Forex
GBP/JPY’s up trend resumed after brief retreat and hit as high as 202.01. Initial bias is now on the upside this week for 61.8% projection of 191.34 to 200.72 from 197.18 at 202.97. Firm break there will pave the way to 100% projection at 206.56 next. on the downside,...
MicroStrategy’s bitcoin approach has pushed its stock up over 1,000% since 2020
MicroStrategy’s stock has been one of the best performing equities in the U.S., since it adopted bitcoin as its primary treasury reserve asset four years ago, according to bitcoin financial services firm NYDIG.
How macroeconomic indicators performed in May 2024?, ET BFSI
Despite the global economic slowdown, India has achieved remarkable growth figures.Recently, the World Bank affirmed India's position as the fastest-growing among major economies and upgraded India's growth estimates by 20 basis points to 6.6 percent in June.The...
Yen’s Plunge Puts Japan’s Intervention Resolve Under Scrutiny
Yen ended as the runaway loser last week as its decline reaccelerated towards the end. With the crucial 160 level against Dollar now within reach, market participants are keenly watching to see if Japan will intervene soon to prop up the Yen, or just let it depreciate...
HKMA Releases Q1 2024 Statistics on Stored Value Facilities Schemes
The Hong Kong Monetary Authority (HKMA) has released its first-quarter statistics for 2024 on Stored Value Facilities (SVF) schemes, according to HKMA. These statistics provide valuable insights into the usage and transaction volumes of...
Reliance shareholders approve retail unit’s $4 billion lease to Jio Financial, ET BFSI
Shareholders of India's Reliance Industries approved a deal worth $4.3 billion between its units Reliance Retail and Jio Financial Services (JFS), according to a disclosure with stock exchanges on Friday.JFS plans to acquire equipment worth 360 billion rupees from...
Workers getting better deal as share of India’s formal economy rises, ET BFSI
New Delhi, India has succeeded in reducing the size of its the informal economy to 23.7 per cent in 2022-23 compared to 25.9 per cent in 2015-16 which works out to a growth of Rs 26 lakh crore in absolute terms in the country's formal economy, according to an SBI...
As Nvidia drives a chip rally in 2024, why are some AI stocks getting left behind?
Nvidia has once again taken center stage in 2024 — propelling the stock-market rally but leaving some AI names trailing in its wake.
Industry bodies’ ask for MSMEs from Budget 2024, ET BFSI
Industry bodies ask for MSMEs from Budget 2024At the pre-budget meeting with the Finance Minister Nirmala Sitharaman, the industry bodies have laid down their recommendations for the Micro, Small, and Medium Enterprises (MSME) sector apart from the other areas....
Junk bonds are beating the broader market so far in 2024 — but watch this shift
Junk bonds are beating the broader U.S. fixed-income market so far in 2024 — but pummeled Treasurys have attempted a comeback lately.
Unity Small Finance Bank inks pact to acquire office space worth Rs 393 crore, ET BFSI
Representative ImageCentrum Financial Services-promoted Unity Small Finance Bank has entered into agreements to purchase 168,000 sq ft of office space in Mumbai's Santacruz suburb and Navi Mumbai's Seawoods area for a total of nearly Rs 393 crore.Of this, the bank...
AssemblyAI Enhances Speaker Diarization Accuracy, Introduces Billing Alerts
AssemblyAI has announced significant improvements to its Speaker Diarization service, enhancing the accuracy of speaker identification by up to 13% compared to its previous model, according to AssemblyAI. This update places AssemblyAI at...
RBI revises its incentive framework to push banks to increase the flow of priority sector credit, ET BFSI
Kolkata: The Reserve Bank of India has revised its incentive framework to push banks to increase the flow of priority sector credit to districts with lower credit flow in order to address the regional disparities at the district level.Accordingly, the central bank has...
Here’s what they were charged with, ET BFSI
Four members of the prominent Hinduja family were convicted on Friday for exploiting underpaid servants at their luxurious villa in Geneva, Switzerland. The elder family members, Prakash Hinduja (78) and Kamal Hinduja (75), who were absent from the trial due to health...
Infer.so and ElevenLabs Unveil Groundbreaking Multimodal AI Voice Bot
Infer.so, a California-based AI solutions provider, has launched the world's first multimodal AI voice bot, according to ElevenLabs Blog. This innovative technology aims to transform customer interaction in industries such as insurance,...
If Nvidia stumbles, how far will the stock market fall?
Nvidia Corp. shares stalled at high altitude this week, leaving investors to ponder whether the S&P 500 and Nasdaq Composite are poised for a major setback if the ringleader of an increasingly concentrated cohort of market winners sees a sustained stumble.
Foreign selling in Indian shares moderates in first half of June, ET BFSI
By Bharath RajeswaranBENGALURU, - Foreign selling in Indian shares moderated in the first half of June, after election results signalled policy continuity, while buying interest emerged in realty and telecom stocks, official data showed on Friday.Foreign portfolio...
Final guidelines on project loan norms will “suitably reflect” industry concerns: RBI ED, ET BFSI
Mumbai, The final guidelines on project loans will "suitably reflect" the industry's concerns on the subject, a senior Reserve Bank official said on Friday. Acknowledging that the central bank is in receipt of the feedback to the draft guidelines issued on May 24, RBI...
May Data to Show Canadian Inflation on Downward Trajectory
We expect Canadian inflation numbers on Tuesday will show further signs of gradual easing in price pressures. Consumer price index growth should edge down to 2.6% year-over-year from 2.7% in April. That would mark the fifth consecutive month that annual price growth...
What is expected from the GST Council meeting today?, BFSI News, ET BFSI
The goods and services tax (GST) council which is meeting today is likely to take up host of reforms including conditional waiver of interest or penalty on tax notices issued between 2017 and 2020, empowering the centre and states to quash tax notices on industry...
AnyTopic Enhances Personalized Audiobook Experience with ElevenLabs Integration
AnyTopic, a pioneering platform in online learning, has introduced an innovative feature that allows users to create personalized mini audiobooks for free. According to ElevenLabs Blog, this new service is designed to fit seamlessly into...
Reserve Bank of India announces URL change for ‘Database on Indian Economy’ portal, ET BFSI
Mumbai (Maharashtra) [India], June 21 (ANI): The Reserve Bank of India (RBI) has announced an update to its 'Database on Indian Economy' (DBIE) portal, effective from the close of business today.According to RBI press release, the domain address for accessing the DBIE...
Weekly Economic & Financial Commentary: Global Central Bank Decisions Galore
Summary United States: Economic Data More Rice & Beans than Steak & Eggs Markets chewed on an array of economic data this week, and what was served was mostly gristle. A weak retail sales print suggests that consumers may finally be feeling some spending...
HDFC Bank users, this ‘UPI change’ is coming starting June 25, ET BFSI
Starting June 25, HDFC Bank will stop sending text alerts for low-value UPI transactions. This means that HDFC Bank customers will receive SMS alerts for UPI transactions exceeding Rs 100 when sending money and similar notification for when received is above Rs 500....
Here’s how people with $1 million or more changed their asset allocation last year
A new report from the Capgemini Research Institute has detailed where the world’s high-net-worth individuals (HNWI) invest their money — and just as importantly, how it changed in the last year.
CoinShares announces FlowBank investment impairment charge of £21.8M
CoinShares International Limited, a European investment company specialising in digital assets, announced that following its previous statement, the Group has decided to fully impair its investment in FlowBank Holdings SA, effective immediately. This has resulted in...
Real repo rate too high and could hurt growth, said MPC dissenters, ET BFSI
The two external members of the Reserve Bank of India (RBI) Monetary Policy Committee (MPC) who had pushed for a 25 basis point rate cut at the June 7 meeting, Ashima Goyal and JR Varma, said the real repo rate at 2% was too high and could hurt growth, according to...
The Weekly Bottom Line: A Grand Slam of Economic Data
U.S. Highlights U.S. retail sales grew marginally in May, however the downward revision in April points to waning momentum among U.S. consumers. Housing starts and building permits both declined in May as higher interest rates weigh on builder confidence. U.S....
All roads lead to Nvidia as tech sees record inflows, Says BofA, ET BFSI
The ongoing artificial intelligence frenzy that briefly made Nvidia Corp the world's most valuable company this week also drove record inflows into tech funds, said Bank of America Corp strategists.About $8.7 billion flowed into tech funds in the week through June 19,...
Ardent Health Partners files for IPO
Hospital operator Ardent Health Partners, which is backed by an investment firm founded by the late real-estate magnate Sam Zell, has filed for a initial public offering, according to regulatory documents submitted Friday.
Anthony Joshua’s Voice Recreated Using ElevenLabs’ AI for Under Armour Campaign
In an innovative move, the creative production partner Tool has employed ElevenLabs' AI Voice software to recreate the voice of two-time world heavyweight champion Anthony Joshua for a new Under Armour campaign, according to the...
Primary market to see 9 new issues and 11 listings next week in post-election boom, ET BFSI
The primary market continues to thrive post the election with as many as 9 public offers set to be launched next week. Among these, the IPOs of Allied Blenders and Vraj Iron and Steel will open in the mainboard segment.In the SME segment, a total of seven issues will...
RBI to ease compliance burden while fine tuning regulations to address evolving risks, ET BFSI
The Reserve Bank of India has decided to reduce the compliance burden to make life easier for the financial services entities while it is finetuning the regulatory and supervisory framework to make them ready to face evolving challenges.In parallel, the central bank...
Intercontinental Exchange takes ICE Labs to Court for trademark infringement
Intercontinental Exchange Holdings, Inc. (ICE) is suing ICE Labs Limited for alleged trademark infringement. The relevant complaint, seen by FX News Group, was submitted on June 20, 2024, at the Georgia Northern District Court. ICE has brought this suit for trademark...
S&P 500 & Nasdaq 100 Week Ahead: Is It Time for a Deeper Retracement as US Investors Shed Equity Funds…?
Over the past two weeks, US investors have shed nearly $30 billion dollars of US equity funds (net selling) according to data from LSEG. A bullish week for the S&P 500 but the Nasdaq 100 looks less convincing. A pullback in Nvidia stock and the psychological 20000...
Trump Media expects nearly $70 million from move that helped cause stock’s skid
Trump Media & Technology Group Corp. on Friday said that it expects to bring in more than $69.4 million, at least initially, from the exercise of warrants over the past two days, after regulators cleared the move earlier in the week and sent shares tumbling in the...
NBFC unsecured loans grow twice as fast as retail credit, BFSI News, ET BFSI
MUMBAI: Unsecured loans by NBFCs expanded at a compound annual growth rate (CAGR) of about 32% during FY2017-2024. While this growth is on a lower base, it is double the growth rate of retail secured loans such as vehicle, home, gold and property loans during the same...
Sebi disposes of proceedings against former Unitech promoters, ET BFSI
Market regulator Sebi on Friday disposed of its investigation against Unitech's erstwhile promoters Sanjay Chandra and Ajay Chandra in a case pertaining to the alleged routing of funds to the Indian securities market using overseas bank accounts as it found no...
Finance Minister Nirmala Sitharaman chairs fifth pre-budget consultation with MSME representatives, ET BFSI
NEW DELHI: Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, chaired the fifth Pre-Budget Consultation in New Delhi on Friday.The session focused on gathering vital inputs from representatives of the Micro, Small, and Medium Enterprises (MSME)...
Tax sops, higher capex, stable tax regime top industry wishlist, ET BFSI
Budget 2024 expectations: Tax incentives, an increase in capital expenditure, fiscal consolidation, enhanced ease of doing business, and a stable long-term tax regime are among the key suggestions industry and financial institutions made in their pre-budget...
Bullish bets on top-performing stocks like Nvidia surged to a record high this week
Trading in bullish calls tied to megacap growth and tech stocks outnumber bearish puts by the widest margin on record, according to data.
Summary 6/24 – 6/28
Monday, Jun 24, 2024 Tuesday, Jun 25, 2024 Wednesday, Jun 26, 2024 Thursday, Jun 27, 2024 Friday, Jun 28, 2024 The post Summary 6/24 – 6/28 appeared first on Action Forex.
Understanding How to Stake on Tezos (XTZ) with the Paris Protocol Upgrade
Tezos (XTZ) has introduced a revamped staking experience with the Paris protocol upgrade, offering new opportunities for participants to secure the network and earn rewards. This comprehensive guide explains how to stake on Tezos,...
MetaQuotes redesigns MT5 interface for Android-based tablet devices
Fintech company MetaQuotes has updated its MetaTrader 5 (MT5) platform for Android-based tablet devices. The platform now comes with completely redesigned interface for the tablet versions. It now features a modern design, already proven on the iOS and web versions of...
The Difference Between a Tax Credit and a Tax Deduction
Tax deductions and tax credits both reduce your overall tax burden, but do so in different ways. Because they both save you a significant amount of money on your taxes, it is important to take advantage of all the eligible deductions and credits available to you....
Birdeye Integrates Real-Time Crypto Market Data on Sui Blockchain
Birdeye, an onchain crypto trading data aggregator, has expanded its services to include the Sui blockchain, providing real-time crypto market data APIs and WebSockets for decentralized finance (DeFi) applications. This integration, which...
Eli Lilly expects FDA decision on Zepbound for sleep apnea as early as end of year
Eli Lilly on Friday said it applied for U.S. approval of its weight loss drug Zepbound for the treatment of the most common sleep-related breathing disorder and expects regulators to make a decision as early as the end of the year.If cleared by the Food and Drug...
Why Trump is ‘getting only upside’ for his crypto reversal
Donald Trump is embracing cryptocurrency in his bid for the White House, and the crypto industry is hugging back.
BEP 336: Enhancing BNB Smart Chain with Blob Transactions
BNB Chain is set to undergo a transformative upgrade with the introduction of BEP 336, inspired by Ethereum's EIP 4844. This upgrade aims to optimize data storage and processing on the blockchain, significantly reducing transaction costs...
Tesla has downsized by at least 14% this year, internal number shows
Elon Musk speaking during the Tesla Annual Shareholder's meeting in Austin, Texas on June 13th, 2024. Source: Tesla Inc. Tesla's hefty downsizing in 2023 has reduced its global headcount to just over 121,000 people, including temps, internal records suggest,...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2633; (P) 1.2679; (R1) 1.2704; More… Intraday bias in GBP/USD is back on the downside as fall from 1.2859 resumed by breaking through 1.2656 temporary low. Firm break of 1.2633 resistance turned support will argue that whole rise from 1.2298 has...
Fed may ease stress capital buffers for Goldman, Citi and other big banks: analysts
The Federal Reserve may increase stress capital buffers at Truist Financial Corp. and KeyCorp and ease them for Goldman Sachs Group Inc., Citigroup Inc. and other big banks when the central bank releases stress-test results Thursday, analysts at KBW said.
Retail investors are having a pretty good year. Here’s why that could continue no matter what happens next.
Aggregate retail-investor portfolios are beating market benchmarks like the S&P 500 this year and closely trailing the Nasdaq, according to data from Vanda Research.
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0686; (P) 1.0719; (R1) 1.0735; More…. EUR/USD is staying in range above 1.0667 and intraday bias remains neutral. Further decline is expected with 1.0760 resistance intact. Break of 1.0667 will resume the fall from 1.0915, as another leg in the...
Google’s Gemini AI Assists Brits in Stress-Free Holiday Packing
As school holidays approach, many Brits are feeling the stress of packing for their trips. According to a recent Censuswide study, packing is a significant pain point, with nearly a third (32%) of Brits taking time off work to pack and...
Apple Intelligence AI not coming to Europe this year
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. David Paul Morris | Bloomberg | Getty ImagesApple said Friday it won't release several...
Tech-savvy Gen Z consumers are forcing retailers to adapt to their digital life
Tech-savvy Gen Z consumers are forcing retailers to adapt to their digital life.
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8855; (P) 0.8891; (R1) 0.8949; More…. Intraday bias in USD/CHF remains neutral as consolidations continue above 0.8825. Outlook will stay bearish as long as 0.8992 resistance holds. On the downside, break of 0.8825 will resume the fall from...
Citigroup, JPMorgan Chase, Goldman Sachs hit by regulators
Jane Fraser, CEO of Citigroup, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled Annual Oversight of the Nations Largest Banks, in Hart Building on Thursday, September 22, 2022. Tom Williams | CQ-Roll Call, Inc. | Getty...
The S&P 500 and its biggest stocks are showing cracks and fissures
Bulls are hanging on even as the market looks increasingly overbought.
QBI Deduction: What It Is & Who Qualifies for This Write-Off
The qualified business income (QBI) deduction — also called the “Section 199a deduction” — is one of the many write-offs available to lower your tax bill and save money as a business owner. When you file business taxes, you may be eligible to deduct a portion of your...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 158.25; (P) 158.59; (R1) 159.28; More… Intraday bias in USD/JPY remains on the upside for the moment. Rise from 151.86 is in progress for 160.20 high, or possibly to 100% projection of 151.86 to 157.70 from 154.53 at 160.37. But upside should be...
Purpose Ether Staking Corp. ETF Launches on Canadian Stock Exchange
Purpose Ether Staking Corp. ETF Goes LiveThe Purpose Ether Staking Corp. ETF has officially launched on the Canadian Stock Exchange Cboe this week. This development marks a significant milestone for Ethereum (ETH) investment opportunities...
Fed and FDIC flag problems with ‘living wills’ of four of the largest U.S. banks
Bank of America, Citibank, Goldman Sachs and JPMorgan are flagged, while BNY Mellon, Morgan Stanley, State Street and Wells Fargo get passing grades.
WTI Oil: Rising Demand and Geopolitical Tensions Continue to Inflate Price
WTI oil price hits new seven-week high on Friday, keeping firm tone and on course for the second consecutive weekly gain. Improving demand was signaled by fall in the US fuel inventories, as summer driving season in the world’s biggest oil consumer starts, while...
Nostr Fuels the Growth of Decentralized Bitcoin (BTC) Apps
The rise of a new breed of decentralized and censorship-resistant Bitcoin (BTC) applications on Nostr marks a significant evolution in the Bitcoin apps space, according to blog.bitfinex.com. These platforms leverage Nostr's open,...
How jumping on the biggest stocks — Nvidia, Apple and Microsoft — can hurt you
Also: How to broaden your exposure to semiconductor stocks, help with retirement planning, and a complex financial crime.
OpenAI Acquires Rockset to Enhance AI Data Processing Capabilities
OpenAI has officially announced its acquisition of Rockset, a company renowned for its real-time data analytics capabilities. This move is expected to significantly enhance OpenAI's data processing infrastructure, allowing for more...
GBP/USD Shrugs Despite Sparkling Retail Sales
The British pound is slightly lower on Friday. GBP/USD is trading at 1.2636 early in the North American session, down 0.17% on the day. UK retail sales hit 4-month high UK retail sales jumped 2.9% m/m in May, an impressive turnaround from the revised 1.8% decline in...
Here’s what to expect from gold, oil and other commodities in the second half of 2024
Commodities have erased most of their 2023 losses in just the first half of this year, with the “China effect” partly to blame for changes in metals prices. Analysts aren’t surprised.
Downside PMI Surprise Brought the Euro Closer to the Critical Zone
The European session on Friday started with a new wave of euro selling, which was supported by weak preliminary PMIs. According to June estimates, the strengthening of economic activity in the eurozone, which has been gaining momentum since October, is at risk of...
Oil prices on track for solid weekly gains on fears of wider Middle East conflict
Oil futures edged higher on Friday and remained on track for solid weekly gains as investors gauged the potential for a wider Middle Eastern conflict that could endanger crude flows from the region.
Trump Media free fall continues, as DJT stock slides 6%
Pavlo Gonchar | Lightrocket | Getty ImagesStock Chart IconStock chart iconTrump Media & Technology Group Corp. Stock PriceTrump Media's stock price has whipsawed since its public debut as retail investors and short sellers bought and sold the company tied to the...
FINRA suspends former Ustocktrade Securities rep for approving misleading retail communications
Aurel Davina Anderson has agreed to a fine and a two-month suspension as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). Anderson first became registered with FINRA in January 2016 as a Corporate Securities Representative through an...
Gala Games Hosts Live Town Hall and Launches New NFT Releases
Gala Games is set to host a live Town Hall for its popular farm simulation game, Common Ground World (CGW), today at 8 AM PT. According to Gala News, the event will be streamed live on the Gala Games YouTube channel, where community...
Home prices hit an all-time high, despite sluggish spring home-buying season
Existing-home sales fell to a rate of 4.11 million in May, the National Association of Realtors said.
Sunset Market Commentary
Markets PMI business confidence was on tap at the close of the week. The European June edition comes with an important disclaimer though. PMI owner S&P Global noted that the turmoil in the wake of the European elections and the French snap elections has likely...
Yen headed for intervention “danger zone”? :: InvestMacro
By ForexTimeJPY is worst-performing G10 currency vs. USD in 1H24USDJPY’s 160 price area triggered largest-ever JPY intervention in late-AprilBesides intervention risk, traders watching Friday’s US/Japan inflation dataBloomberg model: 77% chance of 156.69-160.58...
U.S. economy flexes muscles in June, S&P finds, and poised for ‘robust end’ to second quarter
The U.S. economy expanded in June at the fastest pace in more than two years, a pair of S&P surveys found, amid growing optimism among business leaders about the future.
Week Ahead – US PCE Inflation the Highlight of a Relatively Light Agenda
Core PCE inflation to test bets of two Fed rate cuts in 2024 Yen awaits BoJ Summary of Opinions, Tokyo CPI Canadian CPI data also enters the spotlight Will PCE data confirm Fed rate cut bets? Although the Fed’s updated dot plot pointed to only one quarter-point...
How to Boost Your Back-to-School Savings
If you’re looking to mitigate back-to-school shopping costs, you might want to consider taking advantage of the”tax-free weekend” offered in many states. Let’s take a look at how these weekends work, which states offer them, and what type of purchases are eligible....
Fireblocks Integrates with THORChain to Enhance Cross-Chain Settlements
Fireblocks, a leading provider of secure infrastructure for digital assets, has announced its integration with THORChain, a decentralized liquidity protocol. This partnership aims to enhance the capabilities of cross-chain settlements,...
Why Miller High Life is now on the menu at some of the fanciest restaurants in America
It’s really living up to its nickname: ‘The Champagne of Beers’
Weekly Focus – PMIs Question the Strength of Euro Area Recovery
In a fairly quiet week equities edged modestly higher, and a barrel of crude oil traded back above USD 85. Along a hawkish Norges Bank twist this supported NOK while more pricy oil weighs on JPY which continues to weaken. Japan’s top currency diplomat stressed that...
5 Ways to Boost Next Year’s Tax Refund Now
With the tax deadline behind you, you have likely put taxes out of your mind. But it’s the perfect time to be proactive and start planning for the next tax season! If you want to maximize your tax refund next year, here are some things you can do now: Adjust your W-4...
ICE Futures US permanently suspends trader for alleged violations of Exchange rules
ICE Futures U.S. has posted a disciplinary notice against Retaish Kumar. A subcommittee of the Exchange’s Business Conduct Committee (BCC) determined that from January 2023 through February 2023 (the “Relevant Period”), Kumar may have violated Exchange Rules...
India cenbank’s rate panel views diverge further amid fears of growth sacrifice, ET BFSI
By Swati BhatMUMBAI - The Reserve Bank of India's rate panel has diverged further in its views on the need for high interest rates to tame inflation, with some fearing economic growth is being sacrificed, minutes of the latest monetary policy meeting released on...
Home prices hit record high in May as sales stall
Sales of previously owned homes are sitting at a 30-year low and didn't move much in May as prices hit a new record and mortgage rates remain high.So-called existing home sales in May were essentially flat, down 0.7% from April to a seasonally adjusted, annualized...
Banks return on assets to dip but stay healthy at 1.1-1.2% this fiscal: CRISIL, ET BFSI
The return on assets (RoA) of banks is expected to moderate to 1.1-1.2% this fiscal after touching a 20-year high of 1.3% in fiscal 2024. However, it will be healthy compared with the long-term sectoral average of 0.75% over 20 years (average of 0.5% over the past 10...
Leading economic index falls again, but it’s not signaling recession
The leading indicators for the U.S. economy sank again in May and declined for the third month in a row, but the index “doesn’t currently signal a recession.”
Hong Kong Monetary Authority Updates Telemarketing Code to Limit Calls
The Hong Kong Monetary Authority (HKMA) has announced enhancements to the Code of Practice on Person-to-Person Marketing Calls, aiming to improve consumer protection and telemarketing practices. The revised code, launched by the Hong Kong...
US PMI composite ticks up to 54.6, robust growth and cooling inflation
US PMI Manufacturing rose from 51.3 to 51.7 in June. PMI Services jumped from 54.8 to 55.1, a 26-month high. PMI Composite also ticked up from 54.5 to 54.6, a 26-month high. Chris Williamson, Chief Business Economist at S&P Global Market Intelligence said: “The...
OKX Launches Featured Ads Campaign for Southeast Asian Merchants
OKX, a leading cryptocurrency exchange, has announced a new campaign targeting merchants in Southeast Asia, excluding Vietnam, offering them the opportunity to win featured ad spots in USDT pairs. The campaign aims to boost the visibility...
Legal cannabis sales eat into beer revenue, survey data shows
Consumers in areas where pot is legal say they’re drinking less alcohol, according to data cited by Bernstein analyst Nadine Sarwat.
Forever 21 seeks rent concessions, facing financial struggles
A fashion retail Forever 21 store is pictured in in London on September 30, 2019. Fashion retailer Forever 21 has filed for Chapter 11 bankruptcy protection in the US.Alberto Pezzali | NurPhoto | Getty ImagesForever 21 is asking landlords for a break on rent as the...
DELL and NVDA are jointly building an artificial intelligence factory. SNB cuts rate for the second time in a row :: InvestMacro
By JustMarketsAt the end of yesterday, the Dow Jones (US30) Index was up 0.77%, while the S&P 500 (US500) Index decreased by 0.25%. The NASDAQ Technology Index (US100) closed negative 0.79%. Stocks initially went up on Thursday, with the S&P 500 and Nasdaq 100...
Indians’ money in Swiss Bank drops 70% to below Rs 10,000 crore, ET BFSI
Funds held by Indian individuals and firms in Swiss banks, including through local branches and other financial institutions, experienced a sharp decline of 70% in 2023, reaching a four-year low of 1.04 billion Swiss Francs (approximately Rs 9,771 crore), according to...
Euro and Sterling Fall on Weak PMI Data
Euro fell notably today, along with decline in Eurozone government bond yields, following weaker-than-expected PMI data. Political instability in France is negatively impacting business activity, while Germany’s economic recovery has lost momentum. At the same time,...
Palantir’s stock draws a downgrade over its ‘gluttonous valuation’
An analyst thinks Palantir will see AI benefits but deems the stock’s valuation to be steep on a relative basis and given industry pressures.
Export projection for FY’25 underway, interest equalization scheme extension proposed: DGFT, ET BFSI
Kolkata, The Director General of Foreign Trade (DGFT) on Friday said that export projections for the current fiscal are still being finalised while efforts are on to improve the ease of doing business to meet the government's goal of achieving USD 2 trillion in...
Shein US IPO is dead, experts say
The Shein logo can be seen on a smartphone, while the Chinese online retailer's website is open on a laptop. Monika Skolimowska | Picture Alliance | Getty ImagesChina-founded e-commerce company Shein's hopes of going public in the United States are growing slimmer by...
IBA to launch USD SOFR ICE Swap Rate Swap Spreads and EUR €STR ICE Swap Rates as benchmarks
Intercontinental Exchange, Inc. (NYSE:ICE) today announced that ICE Benchmark Administration Limited (IBA) intends to launch USD SOFR ICE Swap Rate Swap Spreads and EUR €STR ICE Swap Rates for use as benchmarks in financial contracts and financial instruments by...
Canada’s retail sales rises 0.7% mom in Apr, but falls -0.6% mom in May
Canada’s retail sales rose 0.7% mom to CAD 66.8B in April, matched expectations. Sales were up in seven of nine subsectors and were led by increases at gasoline stations and fuel vendors as well as food and beverage retailers. Core retail sales—which exclude gasoline...
SoftBank CEO talks up firm’s AI ambitions, BFSI News, ET BFSI
TOKYO - SoftBank Group CEO Masayoshi Son said on Friday that the group's mission was to help in humanity's progress by realising artificial super intelligence, which he said would exceed human capabilities by a factor of 10,000."SoftBank Group has done many things...
Hertz upsizes junk-bond offering to $1 billion as it pushes ahead with fleet refresh
The offering is aimed at boosting liquidity and paying down part of a $2 billion revolving-credit facility.
Russia open to security talks with U.S. if Ukraine on table: Kremlin
Kremlin spokesman Dmitry Peskov attends Russian-Kyrgyz talks in Bishkek, Kyrgyzstan October 12, 2023.Vladimir Pirogov | ReutersRussia is open to "comprehensive" security talks with the U.S., so long as they include the war in Ukraine, Kremlin spokesperson Dmitry...
HKMA Releases Q1 2024 Payment Card Statistics Showing Growth in Credit Card Transactions
The Hong Kong Monetary Authority (HKMA) has published the statistics of payment cards issued in Hong Kong for the first quarter of 2024. The data provides insights into the usage patterns of credit and debit cards in the region. Credit...
Apple offers a bullish lesson for Nvidia, even as the chip stock heads for a dip
“Just because market value is transferring quickly, doesn’t make it wrong,” an analyst says.
UK economic growth slows as services PMI hits 7-month low
UK’s PMI data for June presents a mixed picture. Manufacturing PMI slightly increased from 51.2 to 51.4, surpassing the expectation of 51.0 and marking a 23-month high. However, Services PMI fell from 52.9 to 51.2, below expected 53.2, reaching a 7-month low....
the devaluation scenario remains the main one :: InvestMacro
By RoboForex Analytical DepartmentThe Japanese yen is weakening against the US dollar again. The USD/JPY pair is rising to 158.97.The currency pair is now again close to the levels when the Bank of Japan and the country’s authorities conducted currency interventions....
HDFC Bank plans infra bond swap for securities of parent HDFC Ltd, ET BFSI
HDFC Bank is discussing with investors and the regulator a plan through which the country's most-valued lender would buy back some of the bonds issued by the erstwhile HDFC, and replace these instruments with new infrastructure bonds to be sold to the same set of...
Asking ‘now what?’ keeps this 65-year-old lifetime learner putting off her retirement — in a good way
What Pamela Teaster really wants to be is a paramedic, and she’ll think about retirement when she hits triple digits.
Euro Extends Losses After Soft PMIs Release
The euro has edged lower on Friday. EUR/USD is trading at 1.0687 in the European session, down 0.14% on the day. Is the eurozone economy slowing down? The week ended on a sour note in Europe as June PMIs declined in the eurozone. The Services PMI dropped to 52.6, down...
Binance to Support Metal DAO (MTL) Mainnet Swap
Binance, one of the world's leading cryptocurrency exchanges, has announced its support for the Metal DAO (MTL) mainnet swap. According to Binance, all deposits and withdrawals of old MTL tokens will be suspended starting from June 24,...
CySEC warns against numerous unregulated investment firms
The Cyprus Securities and Exchange Commission (CySEC) today issued a warning against numerous unregulated investment firms. The websites mentioned in the warning are: tradeupyourlife.co/es/nvi/v1/lakmw/ & tradingupyourlife.com/es/v8/jdkas/#formbox tbmarket.co...
Trust your money to a young financial adviser? Increasingly you’ll have little choice.
As veterans retire, freshly minted advisers in their 20s and 30s are replacing them.
India drops seven notches in global FDI ranking, inflows down 43% in 2023, ET BFSI
Foreign direct investment (FDI) inflows into India fell to $28.1 billion in 2023 from $49.3 billion in 2022 with the country slipping seven notches to rank 15 in the World Investment Ranking in 2023, the United Nations Conference on Trade and Development (UNCTAD) said...
EUR/USD: Falls Further on Downbeat PMI Data
EURUSD fell to one week low on Friday and extended strong fall of Thursday, after the pair came under fresh pressure from downbeat PMI data. The reports released on Friday showed that activity in services industry in the Eurozone and bloc’s two largest economies –...
The Future of Ethereum Staking
Ethereum created ripples in the crypto industry with the transition to Proof of Stake consensus in 2022. Users can stake ETH with the new consensus mechanism of Ethereum and serve as validators for maintaining the Ethereum blockchain. The transition to a new consensus...
Wall Street’s favorite strategist discusses how to be a better investor
Morgan Stanley’s Michael Mauboussin has cultivated a loyal following over his nearly four decades on Wall Street. He joined MarketWatch for a brief interview earlier this week.
Fireblocks Partners with TRES Finance to Enhance Web3 Financial Reporting
In response to the increasing regulatory and reporting demands in the Web3 space, Fireblocks has announced a strategic partnership with TRES Finance. This collaboration aims to provide comprehensive automation for Web3 accounting, taxes,...
Boosting Work Efficiency: Proven Strategies for Better Performance
Boosting Work Efficiency: Proven Strategies for Better Performance - Small Business Bonfire Home » Productivity » Boosting Work Efficiency: Proven Strategies for Better...
Pocket FM and ElevenLabs Partner to Revolutionize Audio Storytelling
Pocket FM and ElevenLabs have joined forces to revolutionize content creation with the launch of AI Audio Series, a cutting-edge Voice AI capability now accessible worldwide. This groundbreaking partnership marks a new chapter in...
Italy’s CONSOB orders blocking of access to six illegal investment websites
Italy’s Companies and Exchange Commission (CONSOB) has ordered the blocking of access to six new websites that offer financial services illegally. In issuing the orders, the Authority made use of the powers deriving from the “Decreto crescita” (“Growth Decree”; Law...
Yen Falling Again: Devaluation Scenario Remains the Main One
The Japanese yen is weakening against the US dollar again. The USD/JPY pair is rising to 158.97. The currency pair is now again close to the levels when the Bank of Japan and the country’s authorities conducted currency interventions. Japan’s top currency diplomat,...
Lending income at most Asia-Pacific banks set to decline in 2024: S&P Global, ET BFSI
Lending incomes at many large Asia-Pacific banks are expected to dip in 2024, as margins come under increasing pressure.Twelve of the region's 20 largest banks by assets are expected to post declines in net interest income (NII), according to analyst consensus...
The bull market has crushed the shorts. That leaves stocks more vulnerable to bad news, says JPMorgan.
Short positions in popular assets are at record lows, implying a bet that volatility will stay low.
USDCAD: Rising Opportunity
In the Daily timeframe, USDCAD is in a long-term bullish trend, and the price has fallen to the trend line. Despite a minor correction, the price bounced off the trend line and is testing an important resistance area. Moving averages indicate the possibility of...
Vantage expands educational offerings with launch of Vantage Academy Courses
Leveraging the momentum from its successful launch of “The Vantage Markets Podcast“, multi-asset broker Vantage Markets is introducing its latest educational courses, now available on Vantage Academy. The Vantage Academy Courses provide a comprehensive introduction to...
‘Her world is rocked’: A friend hit the jackpot, but her old friends are abandoning her one by one. Is there a cure for jealousy?
“Is this jealousy or a change in perceived status that has upended her friendships? Any ideas or cures?”
Sebi confirms ban on JM Fin over managing debt issues, BFSI News, ET BFSI
MUMBAI: Markets regulator Sebi has confirmed interim directions against JM Financial following irregularities in a public issue of non-convertible debentures (NCDs) where it was a lead manager. The interim directions bar JM Financial from acting as a lead manager for...
OpenAI Introduces Holistic Approach to Content Moderation with New NLP System
OpenAI has announced the development of a new natural language processing (NLP) system designed to improve the detection of undesired content in real-world applications, according to OpenAI. This holistic approach aims to build a robust...
SoftBank CEO predicts AI that is 10,000 times smarter than humans
Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks during the company's annual general meeting in Tokyo, Japan, on Friday, June 20, 2024. Son sketched out ambitions to help create AI thousands of times smarter than any human, making...
Actress Sydney Sweeney just bought this $13.5 million breezy retreat in the Florida Keys
Sydney Sweeney is on a red-hot streak with her real estate purchases, and this one is surrounded by water and palm trees.
U.S. and China hold first informal nuclear talks in 5 years: Reuters
The United States and China resumed semi-official nuclear arms talks in March for the first time in five years, with Beijing's representatives telling U.S. counterparts that they would not resort to atomic threats over Taiwan, according to two American delegates who...
USDCAD Bears Could Remain in Control
USDCAD eases below 1.3700; could attract new sellers in short-term Next support could emerge within 1.3600-1.3622 territory US S&P Global PMIs, Canadian retail sales on the agenda USDCAD has been tiptoeing to the downside for five consecutive trading days,...
HYCM UK sees Revenues down, but Profit up in 2023
London based Retail FX and CFDs broker HYCM Capital Markets (UK) Limited has reported its financial results for 2023, indicating a slight 2% decrease in Revenues, but an increase in profitability after a basically breakeven year in 2022. On the top line, HYCM UK saw...
NBFC lobby group demands dedicated refinance bank, more level playing field with banks, ET BFSI
Kolkata: The Finance Industry Development Council, the representative body of non-banking finance companies (NBFCs), has made a pitch for creation of a dedicated refinance window for its members so that their "over dependence" on bank funding and their liquidity...
Britvic rejects $3.9 billion takeover offer from Carlsberg
The British company which sells J2O said it had rejected Carlsberg’s offer to acquire it for 1,250 pence per share
Crypto Didn’t Dare to Grow
Market picture The crypto market failed to get on a growth path, with its capitalisation falling 1.5% to $2.35 trillion in the last 24 hours. Cryptocurrencies have had their wings clipped by the sell-off in equity markets, reflecting a downturn in risk appetite in...
Industry bodies’ ask from Budget 2024, ET BFSI
Finance Minister chairs Pre-Budget Consultation with industry leaders and associationsThe Industry bodies on Thursday met the Union Finance Minister Nirmala Sitharaman and presented to her their thoughts and opinions on the upcoming Budget. In this regards, the PHD...
Immutable (IMX) Pioneers the Future of Web3 Game Economies
Immutable (IMX), a leading innovator in the gaming industry, is at the forefront of transforming game economies through the integration of Web3 technology. According to immutable.com, the gaming industry witnesses an annual expenditure of...
Biden reelection effort raises $85 million in May, but trails Trump’s massive haul
U.S. President Joe Biden departs the White House in Washington, U.S., for a campaign fundraiser in California, May 9, 2024. Craig Hudson | ReutersPresident Joe Biden's reelection effort and the Democratic National Committee raised a combined $85 million in May,...
Zealand Pharma shares surge after positive results of weight-loss drug that could contend with GLP-1s
Zealand Pharma said a second trial of patients on a higher dosage of its weight-loss drug showed an 8.6% drop in body weight.
CME Globex to launch Balanced Strip Butterfly futures spread
Effective Sunday, July 28 (trade date, Monday July 29), a new exchange-defined Balanced Strip Butterfly futures spread will be made available for trading on CME Globex. The new spread will utilize a new strategy type (BB). The Balanced Strip Butterfly spread will...
Credit offtake remains high, CASA share continues to suffer, BFSI News, ET BFSI
Scheduled Commercial Banks’ (SCBs) credit offtake rose by 19.3% (y-o-y) in the last quarter of FY24. In absolute terms, credit expanded by R .26.6 lakh crore from March 2023, driven by personal loans and Non-Banking Finance Companies (NBFCs) and merger impact. The...
Eurozone PMI manufacturing falls to 45.6, services down to 52.6
Eurozone’s PMI data for June revealed significant declines, with Manufacturing PMI falling from 47.3 to 45.6, below the expected 45.6. Services PMI also dropped from 53.2 to 52.6, missing the forecast of 53.5. Consequently, Composite PMI decreased from 52.2 to 48.0....
RBI governor Shaktikanta Das to banks, ET BFSI
MUMBAI: RBI governor Shaktikanta Das has urged banks to avoid the "mindless pursuit of bottom line". He pointed out that some profit-driven business models may contain hidden vulnerabilities, emphasising that profitability should not come at the expense of managing...
