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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...
Hacked customer data from LendingTree subsidiary is being auctioned: report
Hackers are auctioning off consumer data from QuoteWizard, a subsidiary of the lending platform LendingTree Inc., Bloomberg News reported on Thursday.
Melinda French Gates endorses Joe Biden for president
Melinda French Gates arrives at Elysee Palace for the Generation Equality Forum hosted by French President Emmanuel Macron on July 01, 2021 in Paris, France.Aurelien Meunier | Getty Images News | Getty ImagesMelinda French Gates, a philanthropist and the former wife...
Yen Approaches 160 Against Dollar, Will Japan Tolerate a Move to 165 or 170?
Yen is under intense scrutiny today as it continues a six-day losing streak, approaching the key psychological level of 160 against Dollar. This move comes despite Japan’s core inflation reaccelerating in May, but failed to meet market expected pace. Additionally,...
OpenAI’s Cybersecurity Grant Program Highlights Pioneering Projects
OpenAI's Cybersecurity Grant Program has been instrumental in supporting a diverse array of projects aimed at enhancing AI and cybersecurity defenses. Since its inception, the program has funded several groundbreaking initiatives, each...
Monex Group to sell its entire holding in Boom Securities
The Board of Directors of Japan-based online trading company Monex Group, Inc (TYO:8698) has resolved to transfer all shares of Monex Boom Securities (H.K.) Limited and two other subsidiaries. As a result of this share transfer, Monex Boom Securities (H.K.) Limited...
The Unexpected Benefit of Self-Employment: Tax Savings
Being self-employed provides one with freedom, flexibility, creativity, contentment, and also the chance to make more money. Being your own boss is definitely a bonus! However, there is one more very important benefit that comes with self-employment, and it’s an...
BitMEX to Transfer Bitcoin Insurance Fund to New Addresses
BitMEX, a leading cryptocurrency exchange, has announced a significant update regarding its Bitcoin Insurance Fund. According to the BitMEX Blog, the remaining Bitcoin (BTC) from the fund's legacy addresses (3BMEX…) will be transferred to...
Zerodha faces outage, company ‘acknowledges glitch’, BFSI News, ET BFSI
Indian online brokerage platform Zerodha has reported a second outage this month. Zerodha and IIFL experienced technical issues today (June 21), causing disruptions for their users.The outage rendered users unable to place new orders or modify existing ones, leaving...
Central banks plan to boost gold reserves despite record highs, ET BFSI
Nearly 30 percent of 70 central banks surveyed plan to add to their gold reserves within the next year, according to a World Gold Council (WGC) survey.The WGC noted that despite two consecutive years of record central bank gold purchases and the metal reaching new...
Key facts and insights you need to know, BFSI News, ET BFSI
Union Budget 2024: Prime Minister Narendra Modi led-government will present first full Budget in their third term after the 18th Lok Sabha polls in 2024 in the coming month, laying the roadmap for the next five years. The last budget presented by the Finance Minister...
US Treas Secretary Yellen says crytocurrency used in Fentanyl trafficking (only a little)
US Treasury Secretary Yellen:crytocurrency remains a small part of financing for Fentanyl trafficking This article was written by Eamonn Sheridan at www.forexlive.com.
FX option expiries for 21 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 1.0650-60 and the 1.0700 mark. Both should play the role in limiting any material downside before the expiries roll off later today. But given how price action has...
Autodesk’s annual meeting still on track after judge denies investor’s attempt to delay
Autodesk Inc.’s annual shareholders meeting will be held as scheduled on July 16, the software company said Thursday, after a judge rejected a bid to delay the meeting.
Most Americans think it’s a great time to sell a house. But watch out for the unexpected costs.
It may be a seller’s market, but homeowners thinking of listing their homes should be prepared for the costs that come with selling, which often amount to nearly $60,000, according to a new report.
SpaceX unveils ‘Starlink Mini’ satellite internet antenna for $599
Starlink Mini promotional image.SpaceX customer email sent June 19, 2024.SpaceX is rolling out a compact version of its Starlink antennas called "Mini," which the company is advertising as a mobile option for its satellite internet customers."Starlink Mini is a...
OKX Announces Listing of ZRO Perpetual Futures and Margin Trading
OKX, a leading cryptocurrency exchange, has announced the listing of USDT-margined perpetual futures for the ZRO cryptocurrency, alongside the introduction of ZRO margin trading and Simple Earn, starting from June 20, 2024, according to...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2695; (P) 1.2717; (R1) 1.2742; More… GBP/USD weakens after rejection by 55 4H EMA but stays above 1.2656 temporary low. Intraday bias remains neutral first. While another recovery cannot be ruled out, risk will stay on the downside as long as...
Banks face $141 billion in commercial-real-estate losses, but they’ll handle it: analyst
Janney analyst Chris Marinac sees the largest potential losses in commercial real estate and offices for banks with more than $50 billion in assets, but said their reserves should hold.
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8835; (P) 0.8845; (R1) 0.8856; More…. Intraday bias in USD/CHF is turned neutral first with current recovery. Some consolidations would be seen but outlook will stay bearish as long as 0.8992 resistance holds. On the downside, break of 0.8825 will...
Gold and silver futures settle at two-week highs
Gold and silver futures climbed Thursday, with prices for both metals marking their highest settlements in two weeks, as U.S. economic data raised prospects for Federal Reserve interest-rate cuts later this year.
Step-by-Step Guide to Designing a Captivating Vinyl Banner
Step-by-Step Guide to Designing a Captivating Vinyl Banner - Small Business Bonfire Home » Marketing » Step-by-Step Guide to Designing a Captivating Vinyl...
Chiliz (CHZ) Announces $10,000 Hackathon to Innovate Sports Fan Engagement
Chiliz (CHZ), a leading blockchain provider for the sports and entertainment industry, has announced an exciting new hackathon aimed at revolutionizing sports fan engagement. The hackathon invites passionate developers to create...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0728; (P) 1.0741; (R1) 1.0756; More…. Intraday bias in EUR/USD remains neutral and outlook is unchanged. Further decline is expected as long as 55 4H EMA (now at 1.0756) holds. Fall from 1.0915 is seen as another leg in the larger corrective...
Nvidia’s stock turns sharply lower with a $230 billion swing in market cap
A Mizuho analyst says investors shouldn’t flee big momentum plays like Nvidia, while a BofA analyst says the chip maker’s rally still has juice.
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 157.76; (P) 157.94; (R1) 158.27; More… Intraday bias in USD/JPY is back on the upside with break of 158.25 temporary top. Choppy rise from 151.86 has resumed and is now targeting a retest on 160.20 high. But upside should be limited there, at least...
Trump Media’s stock has slid more than 30% over the past five days
Shares of Trump Media & Technology Group continued to fall on Thursday, after regulators this week cleared former President Donald Trump’s social-media platform to take steps that risked diluting shareholders.
Binance Introduces LayerZero (ZRO) to Multiple Platforms, Including Futures and Margin
Binance has announced the addition of LayerZero (ZRO) to several of its trading and investment platforms, including Simple Earn, Buy Crypto, Convert, Margin, and Futures. This move is part of Binance's ongoing efforts to expand its...
AI drone fighters; robot cells, cows combating climate change — this fund manager focuses on life-altering technology
Aging, health and environmental challenges could get help from these innovations.
EUR/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.9483; (P) 0.9499; (R1) 0.9520; More…. Intraday bias in EUR/CHF is turned neutral with current recovery, and some consolidations would be seen first. But outlook will stay bearish as long as 0.9683 resistance holds, and fall from 0.9928 is expected...
Nuvei secures final Court approval for going private transaction with Advent
Canadian fintech company Nuvei Corporation (TSX:NVEI) announced today that the Company has obtained a final order from the Superior Court of Québec (Commercial Division) approving the previously-announced plan of arrangement under section 192 of the Canada Business...
OKX Addresses Password Error Issues in Wallet Login
According to OKX, users have recently reported encountering password errors when attempting to log in to their wallets using the wallet extension. This issue, as clarified by OKX, may not be directly related to the wallet or the password...
Curtains on Citibank India consumer biz on July 15 with migration of customers to Axis Bank, ET BFSI
Axis Bank has notified Citibank credit card customers that the migration of all relationships, including credit cards, will be completed by July 15, 2024.As of March 1, 2023, Citibank's consumer business in India has been transferred to Axis Bank, following the...
Hertz’s stock and bonds fall after company warns of much bigger quarterly loss as it unwinds EV fleet
Hertz Global Holdings Inc. warned of a much larger adjusted loss for the current quarter as it tries to unwind its bet on EVs and refresh its fleet.
XAUUSD: Trend Breaking? – Action Forex
On the H4, XAUUSD reached a downtrend line after a short-term rise. The price is approaching the critical resistance area and MA200, which also acts as resistance. In this case, two scenarios are possible. If Gold breaks the resistance of 2350, the trend line and...
Algorand (ALGO) Foundation Unveils Change the Game Hackathon Finalists
After a rigorous two-month period of creation and collaboration, the Algorand (ALGO) Foundation has announced the winners of the Change the Game hackathon. Innovators from around the world joined forces to transform groundbreaking ideas...
UK authorities arrest two individuals running illegal £1bn crypto business
The UK Financial Conduct Authorities (FCA), working with the Metropolitan Police Service, has conducted an operation to arrest two individuals, aged 38 and 44, suspected of running an illegal cryptoasset exchange. More than £1 billion of unregistered cryptoassets are...
Mortgage rates drop to a two-month low: Here’s how much a buyer would need to put down to afford monthly payments
The 30-year mortgage rate is averaging 6.87%. Freddie Mac said in its latest weekly survey on Thursday.
Gilead PrEP lenacapavir succeeds in Phase 3 trial
Gilead's experimental twice-yearly medicine to prevent HIV was 100% effective in a late-stage trial, the company said Thursday.None of the roughly 2,000 women in the trial who received the lenacapavir shot had contracted HIV by an interim analysis, prompting the...
Dhanlaxmi Bank appoints Federal Bank’s President & CHRO Ajith Kumar KK as its MD & CEO, ET BFSI
Ajith Kumar KKNew Delhi, Private sector Dhanlaxmi Bank on Tuesday said it has appointed Ajith Kumar KK as Managing Director (MD) of the bank. He will take charge on June 20, Kerala-based Dhanlaxmi Bank said in a regulatory filing. The board at its meeting held on...
Sunset Market Commentary – Action Forex
Markets The Bank of England was one of the three central bank highlights today. The Norges Bank and the Swiss National Bank outcomes are in the section down below. Threadneedle Street kept the policy rate unchanged at 5.25% in a 7-2 vote with two members voting for a...
Winnebago’s stock slides after earnings fall short of estimates
Winnebago Industries Inc.’s stock fell 4% Thursday, after the recreational vehicle maker’s fiscal third-quarter earnings fell short of estimates.
PayPal appoints Srini Venkatesan as CTO
PayPal Holdings, Inc. (NASDAQ:PYPL) today announced the appointment of Srini Venkatesan as Chief Technology Officer (CTO). Mr Venkatesan, whose appointment is effective June 24, will be reporting to PayPal President and CEO Alex Chriss. In this role, Mr Venkatesan...
Fast food diners switch to casual chains, Darden CEO says
Customers arrive at an Olive Garden location in San Antonio, Texas.Callaghan O'Hare | Bloomberg | Getty ImagesCasual-dining chains are gaining customers who have grown frustrated with higher fast-food prices, Darden Restaurants CEO Rick Cardenas said on Thursday.While...
OKX Introduces CHZ to On-chain Earn Program
OKX, a leading cryptocurrency exchange, has announced the inclusion of Chiliz (CHZ) in its On-chain Earn program. Starting from 13:00 UTC on June 20, 2024, users will be able to subscribe to CHZ on the platform's On-chain Earn service,...
PM Modi lauds contribution of public sector banks, BFSI News, ET BFSI
New Delhi, Prime Minister Narendra Modi has lauded the performance of the country's public sector banks in a thread post on social media platform X by MyGovIndia. PM Modi has highlighted the contribution made by PSU banks to transforming the banking sector.The Prime...
What is FAFSA & How to Apply? (FAFSA Help Guide)
Reminder: The deadline to file your FAFSA application for the 2023-2024 academic year is 11:59 p.m. CT on June 30, 2024. Ensure your application is submitted on time to secure your financial aid. Any corrections or updates must be submitted by 11:59 p.m. CT on...
Euro on Firmer Footing ahead of Flash PMIs as French Risks Subside
Euro rebounds as French election fears ease June PMIs to come into the spotlight amid more cautious ECB Flash estimates are due on Friday at 08:00 GMT Calmer week for the euro after French turmoil European assets are having a better week following the market panic...
I’m being pressured to buy an immediate annuity although I’m in poor health. Is this a bad idea?
The potential for loss makes buying an immediate annuity scary, especially for people with health issues.
Amazon plastic air pillows to be replaced with paper filler
Amazon said Thursday it has removed 95% of the plastic air pillows from its packaging in North America and will replace them with paper fillers made from 100% recycled content.It marks Amazon's largest plastic-packaging reduction effort and will help it remove nearly...
Pandemic-related stress affected babies’ brain development, researchers find
The COVID-19 pandemic’s mental-health effects may reverberate through a new generation, research published Thursday suggests.
Tradeweb President Thomas Pluta to leave company
Tradeweb Markets Inc. (NASDAQ:TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today announced organizational changes as it works to optimize its operations for continued growth. Tradeweb announced that...
GBP/USD Lower as BoE Holds Rates
The British pound is lower on Thursday. GBP/USD is trading at 1.2683 in the North American session at the time of writing, down 0.29% on the day. The Bank of England held rates at today’s meeting, as expected. There are no releases out of the US today. Bank of England...
Kinetic rolls out robots to fix electric cars, and someday robotaxis
Kinetic cofounders: CEO Nikhil Naikal, CTO Sander Marques, COO Chris WeberCourtesy: Kinetic AutomationWhile electric vehicle demand is still increasing in the U.S., the sales growth rate for cars that pollute less has cooled down in 2024 due partly to the high cost of...
Banks look at upping priority sector lending by 51% in FY25, BFSI News, ET BFSI
Hyderabad: Banks in the state are targeting a 161% increase in credit disbursement for the current financial year 2024-25 (FY25) at around 6,33,777 crore with priority sector advances projected to rise 51% to 2,80,551 crore as against the 2,28,988 crore in financial...
Binance Announces Blockchain Week Dubai 2024 with Discounted Early Bird Tickets
Binance has officially announced the dates for its highly anticipated Binance Blockchain Week Dubai 2024, set to take place from October 30 to October 31 at Dubai’s Coca-Cola Arena. This major event aims to bring together industry...
Good luck trying to buy a house — housing costs are at an all-time high, Harvard says
Renters looking to buy a house are facing the most expensive housing market in at least three decades, according to a new report by Harvard University.
Gold & Silver Test Two-Week Hhighs on Geopolitical Concerns and Rate Cut Optimism
Key Points: Geopolitics return to the fore as concerns mount around the Middle East and Asia.. Safe haven demand sees gold (xau/usd) rise toward 2350 resistance. Silver technicals hint at the potential for further upside. Commodity markets have returned to positive...
TradingView adds data from Crypto.com
Continuing to improve crypto market accessibility, TradingView welcomes a new valued addition to TradingView’s data coverage, Crypto.com. Established in 2016 in Hong Kong, Crypto.com is renowned for its commitment to regulatory compliance, security, and privacy,...
Bank Nifty soars to a record high above 51,000, BFSI News, ET BFSI
Private lenders surged in choppy trading on Wednesday helping the Bank Nifty index cross the 51,000-mark for the first time, bolstered by liquidation of bearish derivative bets.The index comprising nine private and three state-owned lenders hit an all-time high of...
Nine hot stocks, including Nvidia, that have become more attractive by this critical metric
For this group of soaring stocks, analysts’ earnings estimates have been rising more quickly than the share prices.
Cronos (CRO) Welcomes Exaion, EDF Subsidiary, as New Validator
Cronos (CRO), a prominent blockchain ecosystem that operates with Ethereum and Cosmos, has announced its latest partnership with Exaion, a subsidiary of EDF, Europe's largest electricity group. According to Cronos, this collaboration will...
Anthropic Claude 3.5 Sonnet AI announced
Jakub Porzycki | Nurphoto | Getty ImagesOpenAI competitor Anthropic on Thursday announced Claude 3.5 Sonnet, its most powerful artificial intelligence model yet.Claude is one of the chatbots that, like OpenAI's ChatGPT and Google's Gemini, has exploded in popularity...
Ethereum and Solana Get Support
Market picture The crypto market added 1% in 24 hours to $2.4 trillion, supported by positive momentum in Bitcoin (+0.9%) and interest in Ethereum (+2%). Top altcoins are mostly adding to the levels of the day before except for falling Solana (-1.6%), but it too has...
When is Tax Season? How to Get Ahead Before it’s Here
While you won’t find tax season on your usual calendars, it can be a financially significant time of year for American families. A major reason for this importance is those tax refunds that you might qualify for. With the average tax refund at $3,167, that money can...
Binance Launches New Round of Learn & Earn with CVP Rewards
Binance, one of the world's leading cryptocurrency exchanges, has announced the next round of its 'Learn & Earn' program. This initiative allows users to gain knowledge on blockchain technology while earning crypto rewards by...
Jobless claims stay near a 10-month high. The end of the school year might be the reason.
The number of Americans who applied for unemployment benefits last week fell slightly, but new jobless claims stayed near a 10-month high, which may be related to the end of the school year.
PBoC left interest rates unchanged. New Zealand has left the recession territory :: InvestMacro
By JustMarketsAt the end of the day yesterday, the Dow Jones Index (US30) gained 0.15%, and the S&P 500 Index (US500) gained 0.25%. The NASDAQ Technology Index (US100) closed positive 0.17%. Volatility on the indices was extremely low due to the bank holiday...
Private banks lift Indian shares to record closing highs, BFSI News, ET BFSI
By Bharath Rajeswaran and Kashish TandonBENGALURU -Indian shares recovered from a muted start to log record closing highs on Thursday, led by private banks and metals, while a dip in pharma stocks capped gains.The NSE Nifty 50 settled 0.22% higher at 23,567, while the...
Bank of England Review – August Rate Cut in Play
At today’s monetary policy meeting the BoE left the Bank Rate unchanged at 5.25% as widely expected. As we expected, the BoE retained much of its previous guidance but delivered a slight dovish twist, laying the groundwork for an August cut. Gilt yields tracked lower...
‘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.”
DJT Trump Media stock price down 10% in premarket trading
This photo illustration shows an image of former President Donald Trump reflected in a phone screen that is displaying the Truth Social app, in Washington, DC, on February 21, 2022.Stefani Reynolds | AFP | Getty ImagesA sell-off of Trump Media is poised to pick up...
DTCC adds four members to its BoD
DTCC today announced that four new Board Members have joined its Board of Directors. The new Directors are Brian Gallagher of JPMorgan Chase, Christopher Gelvin of UBS, Jon Herrick of the New York Stock Exchange and Igor Modlin of Goldman Sachs. Brian Gallagher serves...
Swiss Franc Plummets After SNB Rate Cut, Sterling Weakens Following BoE Hold
Swiss Franc is currently the worst performer today, plummeting after SNB delivered a rate cut for the second consecutive meeting. In addition to the rate reduction, SNB lowered its inflation forecast across the board. Nevertheless, Franc’s selloff has been relatively...
Equirus appoints Sahil Shah as CIO & fund manager of their Long Horizon Fund, ET BFSI
The Mumbai-based investment banking firm announced on Thursday the appointment of Sahil Shah as the Chief Investment Officer (CIO) and new Fund Manager of Equirus Long Horizon Fund (ELHF).Shah served as a fund manager at Edelweiss Small Cap Fund, overseeing assets...
Housing starts fall to a four-year low
Construction on new U.S. homes fell 5.5% in May, the Commerce Department said Thursday.
Binance to List LayerZero (ZRO) with Seed Tag on June 20, 2024
Binance, one of the world's leading cryptocurrency exchanges, has announced the listing of LayerZero (ZRO) with a seed tag. Trading for LayerZero (ZRO) will commence on June 20, 2024, at 12:00 UTC, according to Binance. New Trading Pairs...
Dutch PM Mark Rutte set to be next NATO leader
Netherland's Prime Minister Mark Rutte arrives to attend the European Political Community summit at the Palacio de Congreso in Granada, southern Spain on October 5, 2023.Jorge Guerrero | Afp | Getty ImagesRomanian President Klaus Iohannis on Thursday rescinded his bid...
SNB Cut Sends Swiss Franc Tumbling
The Swiss franc is down sharply on Thursday. USD/CHF is trading at 0.8897 in the European session, up 0.67% on the day. Swiss National Bank trims rate to 1.25% The Swiss National Bank kept investors hanging right up to the last minute as to whether or not it would cut...
Philadelphia Fed’s factory gauge barely grows in June
Index slips to 1.3 versus forecast of 5
what will the Central Bank decide? :: InvestMacro
By RoboForex Analytical DepartmentThe GBP/USD pair is balancing around 1.2709 on Thursday, after the British pound rose in price against the US dollar for three consecutive days and finally paused.The Bank of England will convene for its regular meeting today, at...
What are its criteria, terms of recognition, ET BFSI
RBI invites SRO application for NBFCs: What are its criteria, terms of recognition The Reserve Bank of India (RBI) on Wednesday invited applications for recognition of SROs for the NBFC sector.The applications are invited under the aegis of RBI’s ‘Omnibus Framework...
Aurora Cannabis stock rises in premarket on narrower loss from the year-ago period
Revenue rises 5% to C$67.4 million.
(BOE) Bank rate maintained at 5.25%
Monetary Policy Summary, June 2024 The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 19 June 2024, the MPC voted by a majority...
Binance Adjusts Tick Size for Multiple USDⓈ-M Perpetual Futures Contracts
In a move aimed at increasing market liquidity and enhancing users' trading experience, Binance has announced adjustments to the tick size of several USDⓈ-M Perpetual Futures Contracts. The changes will take effect on June 21, 2024, at...
LCC Trans-Sending Limited enters special administration
On 18 June 2024, LCC Trans-Sending Limited entered special administration under the Payment and Electronic Money Institution Insolvency Regulations 2021. Payment services firm LCC entered special administration on 18 June 2024 and has now ceased trading. Christine...
Know Everything About Ethereum ETF
The popularity of Bitcoin ETFs had created concerns regarding the possibilities for approval of Ethereum ETFs. The good news for anyone interested in ETFs is that the US Securities and Exchange Commission has issued approval of eight Ethereum ETFs. Your curiosity to...
Banks’ ATM expansion runs into machine shortage hurdle, ET BFSI
Banks are raising alarms with the government and the Reserve Bank of India (RBI) over a critical shortage of automated teller machines (ATMs), which they say is hindering their expansion efforts.Industry insiders attribute the primary cause of the ATM shortage to the...
Here’s why AMD’s stock was just dubbed a top pick
Piper Sandler likes the stock’s relative valuation and the company’s opportunity to benefit from the easing of supply constraints on its AI offerings.
Darden Restaurants (DRI) Q4 2024 earnings
Olive Garden Italian restaurant sign showing company logo, Spokane Valley, Washington, owned by Darden Restaurants Incorporated headquartered in Florida. Universal Images Group | Getty ImagesDarden Restaurants on Thursday reported mixed quarterly results as Olive...
BoE maintains rate, eyes August forecasts for inflation assessment
BoE left Bank Rate unchanged at 5.25%, as widely anticipated, with a 7-2 vote among the Monetary Policy Committee members. Swati Dhingra and Dave Ramsden again voted for a 25 bos cut to 5.00%. The central bank stated that, as part of the August forecast round, the...
Banks, NBFCs should refrain from taking ‘unacceptable risks’: RBI Governor, ET BFSI
The Reserve Bank of India (RBI) Governor Shaktikanta Das, on Thursday said that the banks and non-banking finance companies (NBFCs) should not take “unacceptable risks” in the pursuit of growth and they must have robust risk mitigation frameworks.“While business...
BNB Chain Announces Veld Hardfork with Major Enhancements
The BNB Greenfield network is set to undergo the Veld hardfork, introducing substantial updates and enhancements to the platform, according to the BNB Chain Blog.Key Dates and Actions:The Testnet Veld hardfork is scheduled for block...
Bank of England keeps rates steady, eyes August for inflation review
The Bank of England on Thursday decided to keep interest rates steady, possibly the last meeting it does so after inflation returned to its target.
OpenAI co-founder Ilya Sutskever announces Safe Superintelligence
Ilya Sutskever, Russian Israeli-Canadian computer scientist and co-founder and chief scientist of OpenAI, speaks at Tel Aviv University in Tel Aviv, June 5, 2023.Jack Guez | AFP | Getty ImagesOpenAI co-founder Ilya Sutskever, who left the artificial intelligence...
Binance Announces Tick Size Adjustments for Spot Trading Pairs by June 27, 2024
In an effort to enhance market liquidity and improve the overall trading experience, Binance will implement adjustments to the tick size of certain spot trading pairs by June 27, 2024, at 05:00 (UTC), according to Binance. Details of the...
Exclusive: Reactive Markets adds Integral/360T alum Silvia Wong to head APAC BizDev
FNG Exclusive… FNG has learned that London based institutional multi-asset trading network operator Reactive Markets has hired experienced FX industry executive Silvia Wong, as the company’s new Head of Business Development APAC. Silvia will be based out of Singapore...
What Can We Do Post the Fearless Fund Case with Melinda Emerson » Succeed As Your Own Boss
Melinda F. Emerson, “SmallBizLady” is America’s #1 Small Business Expert. She is an internationally renowned keynote speaker on small business development, social selling, and online marketing strategy. As CEO of Quintessence Group, her Philadelphia-based marketing...
USD/JPY: Probes Again Through Pivotal Fibo Barrier, Inflated by Diverging Monetary Policies
USDJPY continues to trend higher and cracks pivotal Fibo barrier at 158.22 (76.4% of 160.19/151.85) which recently capped several attacks. Sustained break here would generate fresh bullish signal for continuation of entire recovery from 151.85 (May 3 low) and open way...
Outward remittances from India show marginal fall of 2% in Apr’24, ET BFSI
According to latest data by 1Lattice, the outward remittances from India has witnessed a slight fall of approximately 1.98 per cent, month on month in April 2024 after a 14 per cent increase in March and 23 per cent dip in February. For the past 3 years, overseas...
AI mania is creating opportunities elsewhere, says money manager, who has three stocks to consider.
A “singular focus” on AI is creating a lot of opportunities for investors right now, if they will just look, says this money manager.
Apple AI push faces big challenges in China
The Apple Siri AI icon is being displayed on a smartphone, with Apple Intelligence in the background. Jonathan Raa | Nurphoto | Getty ImagesApple's big artificial intelligence push faces some big challenges in China — one of the iPhone maker's most critical markets —...
USDCHF Cheers on SNB Rate Cut
USDCHF rises rapidly after SNB lowers interest rates to 1.25% Oversold signals favor the bulls; more upside needed for a positive outlook USDCHF turned swiftly up to test its 200-day simple moving average (SMA) at 0.8890 after the Swiss National Bank (SNB) cut...
FCA reviewing trading apps over gaming concerns
UK financial regulator The FCA has announced that it is keeping financial trading apps “under review” over gaming concerns, following an online experiment it conducted with over 9,000 consumers. The FCA found in its experiment that digital engagement practices (DEPs)...
Hezbollah leader warns Israel of war with ‘no red lines,’ threatens Cyprus
The leader of Hezbollah has vowed a fight with "no rules and with no red lines" if full-our war erupts between the Lebanese militant group and Israel, warning neighboring Cyprus against getting mired in the conflict.Lebanon and Israel have regularly traded...
General Atlantic, Asia Opportunities V to sell 4% stake worth Rs 830 crore in PNB Housing Finance, ET BFSI
US-based General Atlantic and Asia Opportunities V (Mauritius) are likely to sell shares worth Rs 830 crore in the housing finance firm PNB Housing Finance through open market transactions on Thursday, according to the term sheet issued by the bankers.These two funds...
Economists suggest continuing capital expenditure, controlling fiscal deficit during pre-budget meeting with Sitharaman, ET BFSI
New Delhi [India], June 19 (ANI): Finance Minister Nirmala Sitharaman chaired the first pre-budget meeting with leading economists in Delhi on Wednesday as part of pre-budget consultations for the General Budget 2024-25.The discussions focused on critical issues such...
Europe’s top-funded genAI startups founded by ex-Big Tech staff: Accel
French founder of artificial intelligence startup Mistral AI, Arthur Mensch, attends the Viva Technology show at Parc des Expositions Porte de Versailles in Paris, France, on May 22, 2024.Chesnot | Getty Images Entertainment | Getty ImagesMost of the top-funded...
Deep Learning Models Fall Short of Achieving True AGI, SingularityNET (AGIX) Reports
Despite significant advancements, current deep learning models remain fundamentally limited in their capacity to achieve artificial general intelligence (AGI), according to a recent analysis by SingularityNET (AGIX). While these models...
Pound Froze ahead of BoE Meeting: What Will the Central Bank Decide?
The GBP/USD pair is balancing around 1.2709 on Thursday, after the British pound rose in price against the US dollar for three consecutive days and finally paused. The Bank of England will convene for its regular meeting today, at which the regulator will review all...
Danone announces plan to reverse performance which has lagged rivals
Danone aims to increase sales and earnings through 2028, aided by an expansion of its footprint and a focus on health and nutrition, as the company moves ahead with the strategic overhaul it put in place more than two years ago.
RBI monthly bulletin, ET BFSI
New Delhi [India], June 19 (ANI): The prospects for Indian agriculture are brightening with the early landfall of the southwest monsoon, according to the monthly bulletin released by the Reserve Bank of India (RBI) on Wednesday.The RBI highlighted that the early...
Telegram chat group host gets convicted in HK for providing investment advice without licence
The Eastern Magistrates’ Court today convicted Mr Wong Ming Chung for providing investment advice on a subscription-based chat group on Telegram he hosted without a licence in a prosecution brought by the Securities and Futures Commission (SFC) of Hong Kong. Wong...
Credit growth up by 19.3 pc, crosses deposit growth; PVBs outpace PSBs: CareEdge, ET BFSI
New Delhi [India], June 20 (ANI): The Scheduled Commercial Banks (SCBs) in India have reported a significant increase in credit offtake, with a year-on-year (y-o-y) growth of 19.3 per cent for the last quarter of FY24, according to CareEdge report.This growth...
It’s all-round wild: This ‘salad spinner house,’ rented by Justin Bieber, can be yours for $35 million
Built by a prominent architect, the 6-bedroom, 7,500-square-foot glass-walled mansion is a bit of a landmark in L.A.’s ritzy Coldwater Canyon.
Ifo upgrades German GDP forecasts, slowly working its way out of crisis
The Ifo Institute upgraded its growth forecasts for German economy, indicating that it is “slowly working its way out of the crisis.” GDP is now expected to grow by 0.4% in 2024, up from March forecast of 0.2%. Growth is projected to further accelerate to 1.5% in...
Wormhole Adds Support for Mantle Network, Enhancing Ethereum L2 Interoperability
Wormhole, a leading interoperability platform, has announced its support for Mantle Network, an innovative Ethereum Layer 2 (L2) solution. The integration aims to provide developers and users with an exceptional on-chain experience by...
RBI bought gold sold securities in April, ET BFSI
The Reserve Bank bought almost six tonnes of gold and likely sold $ 7 billion worth US treasury securities this April in what seems to be its strategy of diversifying its forex reserves management.The value of India’s – essentially the Reserve Bank of India’s – US...
Hantec Markets hires INFINOX exec Raj Naik to head Marketing
Retail FX and CFDs broker Hantec Markets has announced the appointment of seasoned industry expert Rajan Naik, as its new Global Head of Marketing. He will be based in Dubai for his new position at Hantec Markets. In his new role, Raj will be responsible for shaping...
Steve Cohen’s Point72 looks to raise $1 billion for new AI-focused fund: report
The New York Mets owner has previously said he believes AI will be ‘transformational’
DPIIT holds consultation on further promoting ease of doing business with industry, other depts, ET BFSI
New Delhi, The department for promotion of industry and internal trade (DPIIT) on Wednesday held discussions and sought inputs from industry and other ministries on further promoting ease of doing business in the country, an official said. Inputs were sought on issues...
AUDUSD Extends Sideways Movement – Action Forex
AUDUSD trades back and forth within its range The ascending 50-day SMA acts as a strong floor Oscillators remain tilted to the bullish side AUDUSD has been trading sideways for more than a month now as the price has been unable to jump above the five-month high of...
Goal of aligning inflation to 4 pc target work in progress: RBI Bulletin, ET BFSI
Mumbai, The goal of aligning inflation with the target of 4 per cent remains a work in progress as long as food price pressures persist, the RBI's latest Bulletin said on Wednesday. An article on the "State of the Economy", published in the June 2024 Bulletin, also...
Dollar rallies after Swiss National Bank quarter-point rate cut
The dollar rallied against the Swiss franc after a quarter-point rate cut from the Swiss National Bank, its second of the cycle.
Markets Await SNB and BoE Decisions, Gold Bounces Higher
As markets await rate decisions from SNB and then BoE today, both Swiss Franc and Sterling are trading largely within established ranges. SNB’s decision is particularly uncertain, with a close call on whether they will implement a second consecutive rate cut. If SNB...
Meta Launches Dedicated AI Blog to Share Latest Innovations
Meta has announced the launch of a dedicated blog focused on artificial intelligence (AI), according to ai.meta.com. This new platform aims to keep the public informed on the latest advancements, projects, and research in the AI domain....
FCA urges victims to claim compensation for Ian Hudson’s illegal activities
The UK Financial Conduct Authority (FCA) urges victims to come forward by 3 July 2024 after the court ordered compensation for victims of fraudulent trading and regulated activities carried on without authorisation. Following a hearing before His Honour Judge...
Spider Tanks Unveils New Shrouded Shrine Arena
Gala Games has announced the latest addition to the Spider Tanks universe: the Shrouded Shrine arena. This new battleground is set deep within the jungles of Silvanus, amidst ancient ruins that hint at a mysterious past. According to Gala...
Power Finance Corporation board okays Rs 15,000 crore loan to Shapoorji Pallonji Group companies, ET BFSI
The board of state-run Power Finance Corporation (PFC) has cleared a Rs 15,000-crore loan to the Shapoorji Pallonji group companies, said people familiar with the development. It marks a breakthrough for the group's promoters, the Mistry family, who are 18.37%...
Retail investors play with a time bomb but RBI and Sebi are watching, ET BFSI
Legendary investor Warren Buffett, called the Oracle of Omaha for his instinct to predict market trends, had issued a warning about derivatives more than two decades ago in one of his popular annual letters to the shareholders of his company Berkshire Hathaway: "We...
Budget must focus on employment generation, boost to manufacturing sector: Economists, ET BFSI
The Budget for 2024-25 should focus on employment generation, besides promoting the manufacturing sector, economists attending the pre-Budget consultation meeting with Finance Minister Nirmala Sitharaman here on Wednesday said. The meeting was attended by National...
FX option expiries for 20 June 10am New York cut
There are a couple to take note of on the day, as highlighted in bold.The first one being for EUR/USD at the 1.0700 mark. That will once again keep price action more contained, with downside momentum likely to meet a floor at the figure level until the expiries roll...
The highest government estimate of immigration is still too low, a new Wall Street report says
Barclays, in a new report on immigration in conjunction with the bank’s half-year outlook, estimated net immigration reached 4 million last year.
Binance Announces HODLer Airdrops for BNB Holders
Binance, the world's leading cryptocurrency exchange, has announced the launch of HODLer Airdrops exclusively for BNB holders. According to Binance, users who subscribe to Simple Earn using BNB will receive airdropped tokens issued by...
EUR/GBP Daily Outlook – Action Forex
Daily Pivots: (S1) 0.8442; (P) 0.8453; (R1) 0.8463; More… Intraday bias in EUR/GBP remains neutral first as consolidations continue above 0.8396. Outlook will remain bearish as long as 0.8482 support turned resistance holds. Below 0.8396 will resume larger down trend...
SFC Celebrates 35 Years, Outlines Future Vision for Hong Kong’s Capital Markets
The Securities and Futures Commission (SFC) commemorates its 35th anniversary this year, underscoring its mission to support and enhance Hong Kong’s capital markets. According to the SFC, the organization has been instrumental in shaping...
EUR/AUD Daily Outlook – Action Forex
Daily Pivots: (S1) 1.6093; (P) 1.6172; (R1) 1.6212; More… EUR/AUD’s down trend resumed by breaking through 1.6148 temporary low and intraday bias is back on the downside. Next target is 100% projection of 1.6679 to 1.6211 from 1.6418 at 1.5950. On the upside, above...
The escalation of conflicts in different regions of the world supports oil prices :: InvestMacro
By JustMarketsAt the end of yesterday, the Dow Jones Index (US30) gained 0.15%, while the S&P 500 Index (US500) rose 0.25% to an all-time high. The NASDAQ Technology Index (US100) closed positive 0.03%. Strengthening chipmakers helped boost the overall market on...
AUDUSD: Strong Zone
In the Daily Timeframe, AUDUSD started a short-term bullish trend after a long-term decline. The price has reached the critical 61.8 Fibonacci resistance area, and despite the growing bullish sentiment, two scenarios should be considered. If the bulls push the price...
Binance Updates Taker Fee Promotion for Altcoin Trading Pairs
Binance, one of the world's leading cryptocurrency exchanges, has announced updates to its Taker Fee Promotion for various spot and margin altcoin trading pairs. This change is set to take effect from July 1, 2024, at 00:00 (UTC),...
Influencing FET, ENA, IO, AR and W, Binance Updates Leverage and Margin Tiers for Multiple USDⓈ-M Perpetual Contracts
Binance Futures has announced an update to the leverage and margin tiers for several USDⓈ-M perpetual contracts, including FETUSDT, ENAUSDT, IOUSDT, ARUSDT, and WUSDT. The changes took effect on June 19, 2024, at 08:30 UTC, as detailed in...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2678; (P) 1.2700; (R1) 1.2730; More… GBP/USD is still in weak recovery today and intraday bias remains neutral. Risk will stay on the downside as long as 1.2859 resistance holds. Firm break of 1.2633 resistance turned support will argue that whole...
Gold gains, but lags 5 other FXTM commodities :: InvestMacro
By ForexTimeGold edges up 0.2% today; still stuck in sideways range since AprilBullion’s year-to-date gains now at 13.1%Bloomberg model: Gold may be range-bound for another monthFed rate cuts, PBOC buying needed to trigger next leg up5 other FXTM commodities...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 157.50; (P) 157.87; (R1) 158.21; More… Intraday bias in USD/JPY remains neutral and outlook is unchanged. Further rally would be in favor as long as 154.53 support holds. Break of 158.25 will resume the choppy rise from 151.86 towards 160.20 high....
Binance Launches VIP ‘Rising Star’ Program with $20,000 in Rewards
Binance, a leading cryptocurrency exchange, has announced the launch of its new ‘Rising Star’ Program Promotion. This initiative aims to reward regular users with VIP+1 Upgrade Vouchers and a significant amount in fee rebate vouchers,...
Euronext launches MyEuronext Portal for debt listing agents and issuers
Pan-European market infrastructure Euronext today announced the launch of the MyEuronext Portal. This is Euronext’s new harmonised digital solution for debt listing agents and issuers. It is designed to streamline the submission of Final Terms and Pricing Supplements...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0713; (P) 1.0737; (R1) 1.0765; More…. No change in EUR/USD’s outlook and intraday bias remains neutral. More consolidations could be seen but further fall is expected as long as 55 4H EMA (now at 1.0760) holds. Fall from 1.0915 is seen as another...
Things To Do in Gettysburg: The Battle and Beyond
If you’re fascinated by American history, there’s no better destination than Gettysburg, Pennsylvania. More than 160 years since the Battle of Gettysburg ended, this picturesque town with one monumental story continues to inspire millions of visitors each year....
OKX Launches Africa Champions Program with Up to 100 USDT Rewards
OKX, a leading global cryptocurrency exchange, has announced the launch of its Africa Champions Program. This initiative provides African users with an opportunity to earn up to 100 USDT through a referral-based reward system, according...
Quantum computers are like kaleidoscopes – why unusual metaphors help illustrate science and technology :: InvestMacro
Quantum computing is like Forrest Gump’s box of chocolates: You never know what you’re gonna get. Quantum phenomena – the behavior of matter and energy at the atomic and subatomic levels – are not definite, one thing or another. They are opaque clouds of possibility...
Banks draw attention of Govt, RBI to ATM shortage, BFSI News, ET BFSI
Banks have sounded out the government and the banking regulator Reserve Bank about shortage in supply of automated teller machines (ATMs) while making a case for clarity in norms for procurement via the government e-marketplace, or GeM portal, people familiar with the...
ECB’s Centeno: Ideal interest rates should approach 2%, avoiding zero
ECB Governing Council member Mario Centeno remarked today that “the cycle of interest rates will continue to evolve,” signaling ongoing adjustments based on inflation trends. Centeno noted that rates “will fall if inflation helps us, which it’s doing”. However,...
Elevated food prices putting pressure on inflation, hot summer to affect crops: RBI, ET BFSI
Elevated food prices putting pressure on inflation, hot summer to affect crops: RBI The Reserve Bank of India (RBI) in its June Bulletin said that the retail inflation is gradually easing, but volatile and elevated food prices are interrupting the path of...
‘A few motherly words of wisdom can go a long way’: My two 30-something sons will each inherit $100,000. What should they do with it?
“We live in the greater Boston area, so housing costs are extremely high.”
CHF: Getting Bid Up Due to Safe Haven Status
The prior 6-month weakness of the Swiss franc against G-10 currencies has seen a short-term bullish reversal due to safe haven demand. Ongoing political uncertainty arising from the upcoming French legislative elections reinforced the ongoing CHF strength which led to...
Elon Musk softens ‘go f— yourself’ comment to woo advertisers
Musk is attending Cannes Lions this week with an aim to reassure ad groups and global brands over the future of X.Marc Piasecki | Getty ImagesElon Musk on Wednesday tried to walk back remarks lashing out at advertisers fleeing his X social media platform.At the Cannes...
Hargreaves Lansdown shares rise 5% after board decides “to engage” increased offer
Shares of UK online brokerage firm Hargreaves Lansdown plc (LON:HL) traded up sharply on Tuesday, after an increased offer to buy the company emerged ahead of a Wednesday deadline. The original offer for Hargreaves of 985p per share made in late May by a consortium of...
Credit funds, family offices fill void left by banks at AIFs, BFSI News, ET BFSI
MUMBAI: Private wealth funds and family offices are stepping in to fill the gap left by banks and non-banking finance companies (NBFCs) in investments into alternative investment funds (AIFs) following the Reserve Bank of India's tightened norms for financial...
HKMA Reports Decrease in Composite Interest Rate for May 2024
The Hong Kong Monetary Authority (HKMA) has announced a decrease in the composite interest rate at the end of May 2024. According to the HKMA, the composite interest rate, which serves as a measure of the average cost of funds for banks,...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8809; (P) 0.8860; (R1) 0.8892; More…. USD/CHF decline is still in progress and intraday bias remains neutral. Rise from 0.8332 could have completed at 0.9223, ahead of 0.9243 key resistance. Further fall would be seen to 61.8% retracement of...
The New Zealand dollar faces growth challenges :: InvestMacro
By RoboForex Analytical DepartmentThe NZD/USD pair declined to 0.6135 on Wednesday, despite the New Zealand dollar performing much better in the previous session. It rose in response to the fall of the US dollar, which was triggered by weaker-than-expected US retail...
Aye Finance raises $30 million in debt from Dutch development bank, ET BFSI
Aye Finance on Tuesday announced it raised $30 million in debt funding from FMO, the Dutch entrepreneurial development bank. The proceeds from this funding, around Rs 250 crore in local currency, will be used to further Aye's mission of financial inclusion by...
Builders say they’re stuck as sentiment slumps to lowest level since December
An economist for a home builder group said there’s a catch-22 between inflation and interest rates.
USD/CHF – Flat Ahead of SNB Rate Decision
The Swiss franc is almost unchanged on Wednesday. USD/CHF is trading at 0.8838 in the North American session, down 0.04% on the day. Will the Swiss National Bank cut rates again? Switzerland’s central bank will announce its rate decision on Thursday and the markets...
OKX Announces Listing of LayerZero (ZRO) for Spot Trading
OKX, a leading cryptocurrency exchange, has announced the listing of LayerZero (ZRO) on its spot trading market. According to OKX, the listing will follow a structured timeline, starting with deposits opening at 8:00 am UTC on June 19,...
Nvidia is one of the ‘three horsemen of AI.’ Here are the others.
Broadcom and Micron have distinguished themselves enough to earn a place alongside Nvidia as AI leaders, by one analyst’s assessment.
CME Group fines trader for alleged violations of wash trades prohibition
International derivatives marketplace CME Group has published a notice of disciplinary action against Ryan Dofflemeyer. Pursuant to an offer of settlement in which Ryan Dofflemeyer neither admitted nor denied the rule violation or factual findings upon which the...
Axis Bank entities to up stake in Max Life Insurance at Rs 336 crore, ET BFSI
Axis Bank and its various subsidiaries' boards have approved raising their stake in Max Life Insurance to 19.99 per cent at Rs 336 crore in a cash deal, the private lender said in a stock exchange filing on Wednesday.Axis Bank, its subsidiaries Axis Securities and...
Inside Out 2, Despicable Me 4 could boost box office
Amy Poehler and Maya Hawke voice Joy and Anxiety, respectively, in Disney and Pixar's "Inside Out 2."Disney | PixarA big piece has been missing from the box office — family films.A handful of kid-friendly hits — Universal's "Super Mario Bros." chief among them — have...
Sterling and Aussie Show Strength in Quiet Trading
Trading as been relatively quiet in European session today. Sterling strengthened slightly despite CPI data showing inflation returning to BoE’s target for the first time in three years. Notably, services inflation remains elevated at 5.7%, which could limit the BoE’s...
France and U.K. elections loom. One of them may be a big problem for markets.
The people of France and the U.K. will partake in overlapping elections starting towards the end of June. The market impacts are very different.
National Pension System AUM surges 28% to reach Rs 12.28 lakh crore, ET BFSI
The National Pension System (NPS) has witnessed a robust growth, with its assets under management (AUM) increasing by 28% to Rs 12.28 lakh crore as of June 8, according to the latest data from the Pension Fund Regulatory and Development Authority (PFRDA). This...
NZ Dollar Eyes First-Quarter GDP
The New Zealand dollar is steady on Tuesday. NZD/USD is trading at 0.6138, down 0.10% in the European session at the time of writing. US markets are closed for a holiday. New Zealand will release first-quarter GDP early on Thursday. Is New Zealand still in recession?...
Exclusive: Purple Trading co-founder David Varga on prop firm Fintokei’s EU expansion
FNG Exclusive Interview… Retail FX and CFDs broker Purple Trading has been working with prop trading firms for a long time via its Seychelles based entity, and a couple years ago spun out its own prop firm brand, Fintokei, which has been focused mainly on the Japanese...
Lack of depth in mid- & smallcap rally hints all’s not shining on D-Street, ET BFSI
Mid-cap and small-cap indices have been on a blistering run so far in 2024, breaking new records and defying cynics. But beneath the surface, the optimism may not be as widespread as the benchmarks show.In the Nifty Midcap 150 and Smallcap 250 indices, 20 stocks have...
BTFS V3.0 (Heisenberg) Launches with Enhanced Security and Efficiency
BitTorrent Inc. has announced the release of BTFS V3.0, also known as Heisenberg, introducing several innovative features aimed at enhancing network security, user experience, and operational efficiency.Key Features and EnhancementsThe...
U.S. stocks remain a sweet spot at the half-year mark, but investors need this extra protection, says Societe Generale
There’s no reason to flee U.S. stocks, but investors should start broadening out that equity exposure to China, for one, says Société Générale strategists.
New Zealand dollar faces growth challenges
The NZD/USD pair declined to 0.6135 on Wednesday, despite the New Zealand dollar performing much better in the previous session. It rose in response to the fall of the US dollar, which was triggered by weaker-than-expected US retail sales data. These results increased...
Stocks down 40% would pop this market bubble — but slow deflation is more likely than a quick crash
The U.S. market’s current bull run will end with a whimper, not a bang.
ICE Midland WTI crude futures contract marks record open interest
Intercontinental Exchange, Inc. (NYSE:ICE) today announced that its ICE Midland WTI (ICE:HOU) crude futures contract hit record open interest of 158,208 contracts on June 13, 2024, after market participants last week added over 100,000 lots of HOU to their books. ICE...
India’s NBFC sector now world’s 3rd largest, next only to USA & UK, ET BFSI
New Delhi, India's non-banking financial sector has grown to become the third largest in the world, next only to the United States and the United Kingdom, according to an SBI report that highlights the growing strength of the country's financial sector.Non-banking...
How to make Untraceable Bitcoin Transactions?
In the cryptocurrency arena, it is possible to trace every Bitcoin transaction back to the digital wallets. Furthermore, if the name of the wallet owner is associated with it, then the transactions can be traced back to the owners. However, it may come as a surprise...
Binance Introduces New Loanable Assets for Flexible Rate and VIP Loan Services
Binance, a leading cryptocurrency exchange, has announced the addition of new loanable assets to its Binance Loans (Flexible Rate) and VIP Loan services, according to an official announcement.Expanded Loan OfferingsThe announcement...
U.K. opens inquiry into Hewlett Packard Enterprise’s $14 billion deal for Juniper
Britain’s competition regulator on Wednesday said it’s opened a merger inquiry into Hewlett Packard Enterprise’s planned $14 billion acquisition of Juniper Networks.
EUR/CHF Daily Outlook – Action Forex
Daily Pivots: (S1) 0.9466; (P) 0.9512; (R1) 0.9541; More…. Intraday bias in EUR/CHF remains on the downside at this point Sustained trading below below 61.8% retracement of 0.9252 to 0.9928 at 0.9510 will raise the chance of long term down trend resumption, and target...
Pepperstone unveils 24-hour CFDs trading on US Shares
Leading Forex and CFDs brokerage Pepperstone has announce that – in partnership with cTrader, MetaTrader and TradingView – it has launched a 24-hour offering for CFDs trading on US shares. This innovative service expansion allows traders to react to market-moving news...
How to apply, cashbank offers, reward points, ET BFSI
Federal Bank, in collaboration with National Payments Corporation of India (NPCI), has launched RuPay Wave Credit Card that empowers customers with the convenience of UPI-powered transactions on robust RuPay network, according to the bank press release.This offering...
Who’s behind the mysterious DJT coin? Martin Shkreli claims ownership with Barron Trump.
Shkreli, who is widely referred to as ‘Pharma Bro,’ said he created the DJT crypto token with Donald Trump’s 18-year-old son after the price of the meme coin surged
Market Analysis: AUD/USD and NZD/USD Sight Steady Increase
AUD/USD is attempting a recovery wave from 0.6590. NZD/USD could gain bullish momentum if there is a clear move above the 0.6150 resistance. Important Takeaways for AUD/USD and NZD/USD Analysis Today The Aussie Dollar found support near 0.6590 and is now recovering...
RBI to stand out amongst central banks in Asia with no rate cuts: Morgan Stanley, ET BFSI
A latest report by Morgan Stanley highlighted that it expects RBI to stand out among its other central bank peers in Asia, with no rate cuts, on the back of strong growth and moderating inflation. Unlike most central banks in Asia, we don’t expect the RBI to cut...
Hong Kong Monetary Authority Announces Results of RMB Bills Tender
The Hong Kong Monetary Authority (HKMA) has announced the results of the tender for the People’s Bank of China (PBoC) RMB Bills held on June 19, 2024. This tender involved six-month RMB Bills, highlighting the ongoing financial...
Home buyers come off the sidelines as mortgage rates drop to the lowest level in two months
Mortgage applications rose 0.9% in the last week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 6.94%.
Binance Futures to Launch USDⓈ-M & COIN-M Quarterly 1227 Delivery Contracts
Binance Futures, a prominent player in the cryptocurrency derivatives market, has announced the listing of USDⓈ-M and COIN-M Quarterly 1227 Delivery Contracts. This development will take place shortly after the expiration and settlement...
Avanza integrates TradingView Advanced Charts
Today, TradingView announced its collaboration with Swedish bank and stockbroker Avanza which has integrated TradingView Advanced Charts into its interface. Avanza is the largest stockbroker and niche bank in Sweden. As of the end of Q1 2024, it boasts a 7.5% share of...
Over 40% people prioritise savings; house buying, education key reasons: Survey, ET BFSI
A latest survey by Moneyview highlighted the savings inclination among people today for achieving financial security and realizing personal aspirations. The survey revealed that more than 2 out of 5 respondents prioritize savings indicating a growing awareness of...
Gold Flirts With Upper Bollinger Band
Gold consolidates within ascending channel 20- and 50-period SMA post bullish cross MACD and RSI head higher Gold prices have been developing within an upward sloping channel in the short-term view with strong resistance at 2,336 and the 200-period simple moving...
How RBI’s bulk deposit threshold revision may play out, BFSI News, ET BFSI
The Reserve Bank of India's (RBI) recent decision to revise the bulk deposit threshold for commercial banks from Rs 2 crore to Rs 3 crore marks a significant step towards addressing the growing divergence between credit and deposit growth. This move is aimed at...
Trump Media shares plunge 17% as more DJT shares to dilute
Omar Marques | Lightrocket | Getty ImagesThe stock price of Trump Media plunged by more than 17% in after-hours trading Tuesday after the Truth Social app owner said its registration of additional shares had been declared effective by the Securities and Exchange...
Nvidia’s rally faces latest test in Friday’s record-setting ‘triple witching’ options expiration
Nvidia shares could be in for a wild ride on Friday, as trading in contracts tied to the chip maker has surged ahead of a record-setting “triple witching” expiration.
XAU/USD: Gold Price Edges Higher But Still Capped Under Key Barrier
Gold price edged higher in early Wednesday’s trading after softer than expected US retail sales numbers improved the sentiment on fresh expectations for Fed rate cut this year. The price is holding near pivotal barrier at $2341 (recent range ceiling /top of ascending...
Sumsub teams up with 21 Analytics to add Self-Hosted Wallet Verification to Crypto Travel Rule solution
Sumsub, a global full-cycle verification platform, today announced a new partnership with 21 Analytics, a Swiss-based Travel Rule compliance software provider. According to FATF recommendations for Travel Rule compliance, virtual asset service providers (VASPs) in...
UGRO raises Rs 1,265 cr as equity capital, BFSI News, ET BFSI
New Delhi, UGRO Capital, an NBFC focused on MSME lending, on Tuesday announced the successful completion of its equity capital raise and the allotment of Compulsory Convertible Debentures (CCD) and warrants worth Rs 1,265 crore. The company's board had approved an...
RBI Deputy Governor, ET BFSI
India’s deposit insurer Deposit Insurance and Credit Guarantee Corporation (DICGC) is way behind its overseas counterparts in processing reimbursements of insured deposits, Reserve Bank of India (RBI) deputy governor Michael Patra has said.DICGC takes about a month or...
My husband and I are retired and are invited to our niece’s destination wedding. Do we have to go — and buy a gift?
“We haven’t been to a wedding in decades.”
Binance Introduces New Limited-Time Offers for Earn Wednesday
Binance has announced the launch of new limited-time offers available every Wednesday under its Earn Wednesday program, according to binance.com. These offers provide users with opportunities to earn rewards through various products,...
Israel warns Lebanon of prospect of ‘all-out war’ as U.S. seeks to de-escalate hostilities
TOPSHOT - Smoke billows from the site of an Israeli airstrike on Zibqin in southern Lebanon on June 12, 2024.Kawnat Haju | Afp | Getty ImagesIsrael's army approved an offensive against Lebanon after a spike in cross-border fire, as talk of "all-out war" stoked...
AUDCAD Bulls Stay in the Driver’s Seat
AUDCAD rebounds and breaks above 0.9125 Overall, it remains above a prior upside channel The advance may continue towards the 0.9230 zone A dip below 0.9000 could signal a bearish correction AUDCAD rebounded strongly on Tuesday, extending its recovery above the key...
Will there be a slowdown in growth in coming quarters?, ET BFSI
Will there be a slowdown in growth in coming quarters? The sequential revenue growth for India Inc to taper in Q1 FY2025, according to Icra due to headwinds such as a slowdown in the central government's spending during the Parliamentary elections and onset of monsoon...
Sean Hannity cuts ties with New York, sells his Long Island estate for $12.7 million
The Fox News host traded New York for Florida earlier this year, declaring “I’m done” with the Empire State.
FTC refers TikTok complaint to DOJ
The TikTok logo is displayed at TikTok offices on March 12, 2024 in Culver City, California.Mario Tama | Getty ImagesThe Federal Trade Commission said Tuesday that it's referred its complaint against TikTok and Chinese parent ByteDance to the U.S. Department of...
Sebi invites application to hire executive director, BFSI News, ET BFSI
New Delhi, Capital markets watchdog Sebi has started the process to recruit an executive director and invited applications to fill the vacancy. The Securities and Exchange Board of India (Sebi) has invited applications for the post until July 18. The appointment of...
SEC charges former Investor Relations employee of Boxabl over fraudulent investment offerings
The Securities and Exchange Commission (SEC) has announced charges against Yanni Tassev for fraudulently offering securities purportedly issued by his then employer. According to the SEC’s complaint, between approximately April 2022 and January 2023, and while Tassev...
SBI approves raising up to Rs 20,000 crore through bonds in FY25, ET BFSI
The Board of India's leading lender State Bank of India on Wednesday approved to raise up to Rs 20,000 crore in the current fiscal year by issuing long-term bonds.The fundraising will be done through a public issue or a private placement."The Central Board at its...
Shares of Warhammer maker Games Workshop surge on preliminary profit figures
Games Workshop, one of the most lucrative stocks in U.K. history, on Wednesday said its profit rose at least 17% in the just-completed financial year.
UK Inflation Back at 2% But Services Inflation Remains a Concern, GBP/USD Rises
UK Inflation Rate: UK Inflation Rate YoY reaches 2% yet services inflation poses a challenge. UK Core Inflation Rate YoY 3.5% down from a previous print of 3.9%. GBP/USD rises as 1.2750 resistance area beckons. The Bank of England (BoE) will likely have mixed feelings...
Binance Launches Referral Program with Up to 500 USDT in Rewards for Copy Trading
Binance has announced a new referral program in conjunction with the launch of its Spot Copy Trading feature, offering participants the chance to earn up to 500 USDT in token vouchers. The program is designed to incentivize users to refer...
Sebi plans to introduce some changes to address option trading risks: Report, ET BFSI
The Securities and Exchange Board of India (Sebi), in an attempt to address risks emerging from the rapid expansion of options trading, is reportedly mulling over some modifications to its derivative trading regulations, news agency Reuters reported citing two sources...
Fugitive ex-CEO arrested on investor fraud charges
Hercules Investments CEO and CIO James McDonald.CNBCA former investment company CEO who previously appeared as a paid contributor to CNBC was arrested on fraud charges after more than two years as a fugitive from a Securities and Exchange Commission investigation,...
FSCS announces PwC as its new partner for core claims service
The UK Financial Services Compensation Scheme (FSCS) has awarded the contract for its core claims service to PwC. Between now and the current claims handling contracts ending on 31 March 2025, FSCS is working closely with PwC and its current claims partners to ensure...
AbbVie says FDA approves Skyrizi for ulcerative colitis
AbbVie said that the heavily-advertised drug was now approved for four conditions across different so-called “immune-mediated” inflammatory diseases.
Amazon fined $5.9 million for over 59,000 violations of California labor laws
An Amazon warehouseGetty ImagesCalifornia's labor regulator on Tuesday said it fined Amazon nearly $6 million for violating a state law aimed at curtailing the use of onerous warehouse productivity quotas.The California Labor Commissioner's Office said it investigated...
Piramal Finance clocks Rs 50,000 crore retail book, aims to double AUM in 4 years, ET BFSI
Piramal Capital & Housing Finance today announced that it has surpassed Rs 50,000 Crore in retail assets under management. The company said it aims to double its retail loan book by financial year 2028. The non-bank lender aims for retail lending to constitute 75%...
USDJPY Reapproaches Multi-Year Highs – Action Forex
USDJPY in a steady advance after pullback halts at 50-day SMA Momentum indicators are strengthening in their positive zones USDJPY experienced a strong setback from its 34-year high of 160.20 following an intervention by Japanese authorities in late April. However,...
Too premature to shift RBI policy stance; any form of adventurism has to be shunned: Shaktikanta Das, ET BFSI
Mumbai, The Reserve Bank of India Governor Shaktikanta Das on Tuesday said it is "too premature" to change the monetary policy stance and the apex bank has to shun "adventurism" approach on the rates front. Speaking at broadcaster ET Now's Leadership Dialogues here,...
‘Make no mistake: Willie Mays was a baseball god’ — a fan’s appreciation
When it comes to Willie Mays, everyone wants to talk about “The Catch.” But I want to talk about the hit.
Can the UK and London maintain its lead?
The U.K. is the No. 1 country in Europe for tech by many accounts.In 2023, British startups raised $21.3 billion, their third-highest total on record, according to a report from Dealroom and HSBC Innovation Banking.It's the No. 1 location in Europe for funding — with...
North Korea rolls out the red carpet for Putin
Russia's President Vladimir Putin is greeted by North Korea's leader Kim Jong Un during a welcoming ceremony at an airport in Pyongyang, North Korea June 19, 2024. Gavriil Grigorov | Via ReutersRussian President Vladimir Putin was met with a grand reception in...
Sterling Steady as UK Inflation Eases; Australian Dollar Strengthens
British Pound held steady following release of UK data showing decrease in both headline and core consumer inflation for May. This development is unlikely to influence BoE decision tomorrow, where a rate hold is widely anticipated. Although BoE is expected to begin...
Sui’s Fastcrypto Library Sets New Speed Records in Cryptography
Sui's Fastcrypto cryptography library has achieved significant milestones by setting new speed records, according to a recent paper presented at the International Conference on Performance Engineering (ICPE) 2024 in London. The paper,...
FINMA concludes antitrust control procedure for merger of UBS and Credit Suisse
Swiss financial markets regulator FINMA is concluding the antitrust control procedure for the merger of UBS and Credit Suisse without imposing any conditions and obligations. Following an extensive review, it has concluded that the merger of UBS and Credit Suisse will...
NVIDIA CEO Jensen Huang Envisions AI-Powered Future for Electric Grids
The electric grid and the utilities managing it could play a pivotal role in the forthcoming industrial revolution driven by artificial intelligence (AI) and accelerated computing, according to Jensen Huang, founder and CEO of NVIDIA....
Ummeed Housing Finance raises Rs 630 cr equity, BFSI News, ET BFSI
Morgan Stanley and Norwest Capital-backed Ummeed Housing Finance has raised ₹630 crore in a Series F round from investors including A91 Partners LLP, Mirae Asset Venture Investments (India), Anicut Capital and existing investors Norwest Venture Partners.The...
India’s world-beating growth pace to continue, says RBI Governor Shaktikanta Das, ET BFSI
Last quarter's robust economic momentum, which lifted India's GDP to a world-beating 8.2% rate of expansion in FY24, has continued into the first quarter of the current fiscal, buttressed by several growth drivers, Reserve Bank of India (RBI) governor Shaktikanta Das...
KV Kamath, BFSI News, ET BFSI
"You have a situation where almost any company that you talk to has free cash flows, which are good enough to drive their future. They believe that they can meet most of their needs in terms of brownfield expansion and a bit of greenfield expansion out of their own...
FX option expiries for 19 June 10am New York cut
There are just two to take note of on the day, as highlighted in bold.The first one being for EUR/USD at the 1.0745 level. That is likely to help keep price action in the pair more muted, sticking closer to the expiries before rolling off later.Then, there is the one...
Inflation returns to Bank of England’s target for the first time in nearly three years
Inflation in the U.K. returned to the Bank of England’s target for the first time in nearly three years, data that underscores the central bank will soon join other peers in beginning to reduce interest rates.
UK BNPL fintech Zilch raises $125 million, sees IPO within 2 years
Zilch CEO Phil Belamant.ZilchLONDON — British fintech firm Zilch said Wednesday it's raised $125 million in debt financing from German banking giant Deutsche Bank in a deal that will help the company triple sales in the next couple of years and move closer toward an...
RBA Readiness to Hike Positive for AUD
The Reserve Bank of Australia kept its key rate at a 12-year high of 4.35%. The market widely expected the decision, so it did not cause a spike in volatility. However, we note that the RBA warned that it was ready to raise the rate. In its commentary on the rate...
Why the immigration surge under Biden is saving taxpayers money
A wave of illegal border crossings in recent years has sparked heated debate over U.S. immigration policy, but official estimates suggest the surge in migration over the U.S.-Mexico has done wonders for the federal budget outlook.
Bitfinex Lists LayerZero’s Native Token ZRO, Enhancing Blockchain Interoperability
Bitfinex, a premier digital asset trading platform, has announced its latest listing addition, ZRO, the native token of LayerZero. This move positions Bitfinex among the first exchanges to support the token, according to a recent media...
Oil prices settle at highest since April on brighter demand prospects
Oil futures on Tuesday notched back-to-back session gains to settle at their highest level in seven weeks, buoyed by upbeat prospects for global crude demand.
ECB’s de Guindos emphasizes importance of economic projections in rate decisions
ECB Vice President Luis de Guindos highlighted the critical role of updated macroeconomic projections in shaping interest rate decisions. During an interview with Spanish state broadcaster TVE, Guindos noted, “The projections are updated every three months, so we’ll...
DJT shares tumble 13% as Trump Media stock sell-off accelerates
Aytac Unal/ | Anadolu | Getty ImagesShares of Trump Media & Technology Group dropped more than 13% on Tuesday, continuing the stock's tumble following the conviction of former President Donald Trump, the company's majority shareholder.Trump Media shares, which...
Watch live Boeing CEO Dave Calhoun Senate testimony
[The stream is slated to start at 2:00 PM ET. Please refresh the page if you do not see a player above at that time.]Boeing CEO Dave Calhoun will face questions from the Senate Permanent Subcommitee on Investigations on Tuesday over quality control concerns and...
This family of four is hoping GoFundMe will save them from eviction — similar fundraisers have increased 40% since the pandemic
Rents aren’t growing as fast as they once were, but they’re stuck at a level where many people can’t afford them.
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 157.27; (P) 157.62; (R1) 158.07; More… Intraday bias in USD/JPY remains neutral at this point. Further rally would be in favor as long as 154.53 support holds. Break of 158.25 will resume the choppy rise from 151.86 towards 160.20 high. But upside...
OpenAI: Paf Leverages 85 Custom GPTs to Boost Developer Productivity
In a significant move to enhance developer productivity, Paf's engineering team has developed 85 custom GPTs. According to OpenAI, these custom GPTs are being actively utilized by engineers to accelerate routine development tasks....
Vanguard, the low-cost investing pioneer, will now charge $100 to close an account — unless you’re a multimillionaire
The account-closure fee is a first for Vanguard, long a provider of low-cost investing options and a pioneer in passively managed index funds, and it’s not sitting well with some customers.
Detroit automakers need to exit China, BofA analyst says
Employees on the assembly line produce cars in Mazda's "Family" line of vehicles at China First Automobile Works (FAW) Group Haima Automobile Co., Ltd. April 6, 2005 in Haikou, Hainan Province, China.China Photos | Getty ImagesDETROIT – The traditional Detroit...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2673; (P) 1.2691; (R1) 1.2724; More… Intraday bias in GBP/USD remains neutral for the moment and some more consolidations would be seen. But risk will stay on the downside as long as 1.2859 resistance holds. Firm break of 1.2633 resistance turned...
Meet the 10 biggest megadonors in the 2024 election cycle so far
Learn about each of the top 10 megadonors in the current election cycle.
How the once-promising EV maker went bottom-up
Henrik Fisker stands with the Fisker Ocean electric vehicle after it was unveiled at the Manhattan Beach Pier ahead of the Los Angeles Auto Show and AutoMobilityLA on November 16, 2021 in Manhattan Beach, California.Patrick T. Fallon | AFP | Getty ImagesFisker on...
Sunset Market Commentary – Action Forex
Markets European markets for the second consecutive day enjoyed an interludium of calm after last week’s turbulence. There was little ‘new news’ from the political scene in France. Jordan Bardella of the far right Rassemblement National (RN) in an interview said his...
New St. Louis Fed president says first rate cut might not come for months — or even longer
St. Louis Federal Reserve Bank President Alberto Musalem, in his first speech in his new role on the economy, said it could take months or even longer for conditions to emerge that would warrant cutting interest rates.
Nvidia passes Microsoft in market cap, is most valuable public company
Nvidia CEO Jensen Huang attends an event at COMPUTEX forum in Taipei, Taiwan June 4, 2024. Ann Wang | ReutersNvidia, long known in the niche gaming community for its graphics chips, is now the most valuable public company in the world.Shares of the chipmaker climbed...
Bitcoin (BTC) Profitability Robust Despite Declining Market Volumes
Despite choppy price action, the unrealized profit of Bitcoin (BTC) investors remains constructive. However, volumes across all market facets are declining markedly as an equilibrium between demand and sell-side forces is established,...
Forex Factory launches dedicated economic event pages
Popular FX forum and financial news website Forex Factory continues to expand the capabilities of its calendar. Today, Forex Factory announced the launch of dedicated economic event pages on Forex Factory and its sister sites. Since 2005, most of the financial...
Binance P2P Launches Exclusive Promotion for African Users with 10,000 USDT Reward Pool
Binance P2P has unveiled a new promotion targeting users in selected African jurisdictions, according to Binance.com. The initiative offers a reward pool of 10,000 USDT in token vouchers for eligible participants who top up their Binance...
Kotak Bank bets big on MSME loan uptick, BFSI News, ET BFSI
Mumbai: Private-sector lender Kotak Mahindra Bank is betting big on the micro, small and medium enterprises (MSME) segment, and sees fresh demand for working capital and term loans in the second half of the current fiscal year, as rural uplift takes priority in the...
Will BoE Signal Rate Cuts Looming?
Soft UK data increase chances for September rate cut But wage growth remains elevated BoE meets on Thursday at 11:00 GMT But looming election could be a reason for cautiousness Investors more convinced about a September cut At its latest gathering, the Bank of England...
Fed’s Kugler sees interest-rate cut this year and says economy is ‘moving in right direction’
Federal Reserve Gov. Adriana Kugler on Tuesday said “it will likely become appropriate” to cut U.S. interest rates later this year if the economy continues to slow and inflation wanes as she expects.
SNB Expected to Cut, But Risk of Disappointment
Expectations of a June cut by the SNB have been gaining traction But inflation picture isn’t entirely favourable; weak franc doesn’t help A lot of uncertainty awaits the SNB’s decision due Thursday at 07:30 GMT Will the SNB cut rates again? The Swiss National Bank...
Nuvei secures shareholder approval for going private with Advent
Canadian fintech company Nuvei Corporation (TSX:NVEI) today secured shareholders’ approval for the plan of arrangement to be taken private by Advent International, L.P. The purchaser will acquire all of the issued and outstanding subordinate voting shares and multiple...
Fed’s Barkin: More data is needed before any changes are made to interest rates
Richmond Federal Reserve Bank President Tom Barkin on Tuesday described the outlook for the U.S. economy as uncertain and said the Fed should keep its benchmark rate steady until a clearer picture emerges of the path of inflation and the labor market.
Bitcoin back below $65,000 for the first time in more than a month
A worsening macroeconomic climate and the collapse of industry giants such as FTX and Terra have weighed on bitcoin's price this year.STR | Nurphoto via Getty ImagesBitcoin fell with the broader cryptocurrency market on Tuesday amid concerns about the global economy...
Navigating Disruptive Risk and Technological Advancements, ET BFSI
The shift has been so significant that the Chief Financial Officer of a leading bank believes that IFRS 9 has completely changed financial reporting and accounting. Notably, the RBI has also significantly strengthened its regulations and supervision of banks and other...
Farzam Ehsani Discusses Crypto Exchange Growth and Regulatory Challenges
Farzam Ehsani, the Co-founder and CEO of VALR, South Africa’s largest cryptocurrency exchange, recently shared insights on the growth of crypto exchanges and the regulatory challenges they face. In an episode of the Public Key podcast,...
This hasn’t happened to restaurant spending since the pandemic
A sign of financial stress? Sales at bars and restaurants in the U.S. have fallen in four of the past six months for the first time since the pandemic.
Fed’s Williams foresees gradual rate cuts amid continued disinflation
New York Fed President John Williams shared optimistic views on the US economy in an interview with FOX Business today. Williams highlighted encouraging signs that supply and demand are rebalancing, contributing to a “disinflationary process continuing.” He...
Rep. Matt Gaetz investigated by House Ethics Committee
U.S. Rep. Matt Gaetz (R-FL) walks away from the U.S. Capitol after his motion to vacate the chair of House Speaker Kevin McCarthy (R-CA) and end McCarthy's continued leadership succeeded by a vote of 216-210, outside the U.S. Capitol in Washington, October 3,...
René van Vlerken to become CEO of Euronext Amsterdam
Euronext today announced that the Supervisory Board of Euronext N.V. has nominated René van Vlerken as CEO of Euronext Amsterdam and member of the Managing Board of Euronext N.V. as per 1 September 2024. The announcement follows Simone Huis in ‘t Veld’s decision to...
Building up a stake in HDFC Bank could bring a windfall, BFSI News, ET BFSI
Investors looking for safer bets on Dalal Street could consider HDFC Bank but they would be better off putting money in the stock in installments over the next few months. This is because the stock, despite cheaper valuations compared to its historical levels, could...
Scams against seniors are on the rise: ‘There’s no magic wand to get that money back’
How older adults can avoid cybercrimes and financial scams
Fed’s Barkin optimistic on inflation, emphasizes “sustainment” and “broadening”
Richmond Fed President Thomas Barkin expressed optimism about the inflation outlook in an interview with MNI Webcast. Barkin noted that we are “on the back side of inflation,” indicating that inflationary pressures are easing. He highlighted that the next several...
Circle Launches Credits Program to Support Blockchain Developers
Circle has announced the launch of its new Credits Program, aimed at supporting developers working on blockchain applications by minimizing associated costs, according to Circle.Introducing the Circle Credits ProgramThe Credits Program...
Your family will love you even more if you simplify your estate
Have a clear road map for your estate so your heirs don’t drown in paperwork and probate after your death
Exclusive: Currenex exec Michael Porzio moves to Bloomberg for FX Electronic Solution Sales
FNG Exclusive… FNG has learned that financial information giant Bloomberg has hired New York based executive Michael Porzio, for FX Electronic Trading Solution Sales. Michael Porzio joins Bloomberg from State Street’s Currenex eFX ECN unit, where he worked in Sales...
Shivalik SFB raises INR 100 Crore in equity investment by Lightspeed, Sorin, ET BFSI
Noida based Shivalik Small Finance Bank announced on Tuesday that it raised INR 100 Crore of funding through an equity investment co-led by global venture capital firm Lightspeed and Sorin Investments. The bank plans to use the funding to enhance its tech stack,...
Trump gag order appeal dismissed by New York’s top court
Former US President Donald Trump leaves the courthouse after a jury found him guilty of all 34 felony counts in his criminal trial at New York State Supreme Court in New York, New York, USA, 30 May 2024. Trump faced 34 felony counts of falsifying business records...
US dollar rebounds on fixing demand
The US dollar has made a nice comeback today, despite the softer retail sales data. The latest round of bids came ahead of the London fix, so that could have been a driver, especially with a US holiday tomorrow.That said, the bids came early for a fixing trade and the...
U.S. Retail Sales Eked Out a Gain in May
Retail sales rose 0.1% for the month of May. Additionally, April’s figure was revised downward to -0.2% month/month (previously flat). The reading was lower than the consensus forecast calling for an increase of 0.3%. Trade in the auto sector was up 0.8% m/m,...
Silk Road Medical’s stock rallies on Boston Scientific acquisition deal
Boston Scientific to pay double-digit premium to buy carotid artery disease treatment specialist.
IOTA Announces Major Leadership Changes to Drive Future Growth
The IOTA Foundation has announced significant changes in its leadership structure, marking a new phase in its organizational development, according to the IOTA Foundation Blog. Dr. Navin Ramachandran will join the Supervisory Board, while...
CySEC withdraws license of Forex broker HYCM
The Cyprus Securities and Exchange Commission (CySEC) today announced the withdrawal of the Cyprus investment firm (CIF) authorisation of HYCM (Europe) Ltd. CySEC made the decision at its meeting held on June 10, 2024. The withdrawal is in line with section 8(1)(a) of...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0701; (P) 1.0719; (R1) 1.0753; More…. Intraday bias in EUR/USD remains neutral and some more consolidations could be seen above 1.0667. Further fall is expected as long as 55 4H EMA (now at 1.0765) holds. Fall from 1.0915 is seen as another leg in...
Private banks further consolidate lending market share, BFSI News, ET BFSI
Kolkata: Private sector banks have further consolidated their position in the lending market over the past four years after Covid-led disruptions, backed by their expertise in retail and services sector lending. Their cumulative market share has risen to 42% at the...
Central banks plans to add gold to their reserves in a year: WGC, ET BFSI
Chennai, Nearly 30 per cent of 70 central banks surveyed have said they plan to add to their own gold reserves within the next year, a World Gold Council survey said.According to WGC, the views in favour of the yellow metal from the reserve managers persist despite...
New Boeing whistleblowers come forward ahead of Senate safety hearing
Boeing employee Sam Mohawk alleges that the company is improperly tracking airplane parts that should not be installed on airplanes for safety reasons.
CleanSpark (CLSK) Acquires Five Bitcoin Mining Facilities in Georgia, Expanding Capacity by 60 MW
CleanSpark Inc. (Nasdaq: CLSK), a leading player in the Bitcoin mining industry, has announced the acquisition of five new turnkey Bitcoin mining facilities in rural Georgia. This $25.8 million cash deal is expected to significantly...
Gen X stands to gain the most, study finds
Fg Trade | E+ | Getty ImagesGeneration X may be the biggest beneficiaries from the $84 trillion Great Wealth Transfer in the next 10 years, according to a new study.While millennials and members of Generation Z are expecting the biggest inheritances in the coming...
EUR/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.9520; (P) 0.9544; (R1) 0.9572; More…. EUR/CHF’s fall from 0.9928 resumed after brief recovery and intraday bias is back on the downside. Sustained trading below below 61.8% retracement of 0.9252 to 0.9928 at 0.9510 will raise the chance of long...
Micron’s stock extends rally as analyst expects ‘only positive news’
Micron’s stock gains look poised to build Tuesday, reflecting growing optimism for next week’s earnings report.
The RBA kept interest rates on hold and remained hawkish. Oil rises as global demand outlook improves :: InvestMacro
By JustMarketsAt the end of yesterday, the Dow Jones Index (US30) added 0.49%, while the S&P 500 Index (US500) was up 0.77%. The NASDAQ Technology Index (US100) closed positive 0.95%. On Monday, the S&P 500 Index (US500) closed at a record high, ignoring...
Dhanlaxmi Bank appoints Ajith Kumar KK as MD and CEO, BFSI News, ET BFSI
New Delhi: Private sector Dhanlaxmi Bank on Tuesday said it has appointed Ajith Kumar KK as Managing Director (MD) of the bank. He will take charge on June 20, Kerala-based Dhanlaxmi Bank said in a regulatory filing. The board at its meeting held on Tuesday approved...
OKX Wallet Scheduled for Data Service Upgrade on June 19, 2024
OKX, a prominent cryptocurrency exchange, has announced a scheduled upgrade for its wallet data service on June 19, 2024, at 22:00 (UTC). According to OKX, this upgrade is expected to cause temporary disruptions for users. Details of the...
This basic stock market truth shows why index funds are so hard to beat
Dow history shows that the odds favor bullish investors — regardless of market conditions.
Amazon Labor Union votes to join forces with Teamsters
An Amazon Labor Union rally in the Staten Island borough of New York, on Sunday, April 24, 2022.Victor J. Blue | Bloomberg | Getty ImagesMembers of the Amazon Labor Union, the first group of company workers to organize at a U.S. warehouse, have voted to affiliate with...
Swiss Franc Rallies Amid Falling Yields and Political Risks
Swiss Franc breaks higher in early US session as benchmark treasury yields in both the US and Europe plummeted. This rise was partly triggered by US retail sales data coming in much weaker than anticipated. Additionally, investor sentiment in Europe remains fragile...
Hargreaves Lansdown gets revised acquisition offer from CVC, Nordic Capital, Platinum Ivy
The independent Board of Hargreaves Lansdown plc (LON:HL) confirms that it has received a further non-binding proposal from a consortium comprising CVC Advisers Limited, Nordic Capital XI Delta, SCSP (acting through its general partner Nordic Capital XI Delta GP...
India New Issue-HDB Financial Services to reissue April 2026 bonds, bankers say, ET BFSI
MUMBAI, - India's HDB Financial Services plans to raise 20 billion rupees ($239.48 million), which will include a greenshoe option of 15 billion rupees through reissue of 8.0736% April 2026 bonds, three bankers said on Tuesday. The company has invited bids from...
Bacon-topped ice cream and other failures end McDonald’s AI drive-through experiment
Some of the mistakes the technology caused include adding nine sweet teas to one customer’s order and offering another an ice-cream cone topped with bacon.
US retail sales rise 0.1% mom in May, ex-auto sales down -0.1% mom
US retail sales rose 0.1% mom to USD 703.1B in May, below expectation of 0.3% mom. Ex-auto sales fell -0.1% mom to 569.0B, worse than expectation of 0.2% mom growth. Ex-gasoline sales rose 0.3% mom to USD 649.5B. Ex-auto and gasoline sales rose 0.1% mom to USD 515.5B....
OKX Expands Offerings with ZKSync (ZK) Perpetual Futures and Margin Trading
Cryptocurrency exchange OKX has announced the listing of USDT-margined perpetual futures for ZKSync (ZK), set to go live at 8:30 am UTC on June 18, 2024, according to OKX. The move will be complemented by the activation of ZK margin...
Inflation and high interest rates constrain U.S. retail sales in May
Sales at U.S. retailers barely rose in May, suggesting Americans are feeling the weight of lingering inflation and high interest rates.
reliance on stock market demand has worked :: InvestMacro
By RoboForex Analytical DepartmentThe commodity market was adjusted moderately on Tuesday morning after the price of Brent crude oil rose by 2% the day before. A barrel of the North Sea variety is at about 84 USD.The main support factor currently is the improving...
How banks can be future-ready, BFSI News, ET BFSI
Across the world, we see companies beginning to size up the potential effects of climate change and its risks. The banking and financial services sector is no different.The volatile environment means, banks must certainly act on two fronts: one -look at managing their...
WTI Oil Futures Surge Back to 80
WTI oil futures swiftly recoup June’s lost ground to trade again above 80 Technical signals return to positive area, but there is another barrier nearby Hopes of increased demand in the next quarter caused WTI oil futures to surge back to 80.60, erasing earlier losses...
Warren warns Powell against weakening Basel III Endgame regulations
Sen. Elizabeth Warren, D-Mass., speaks during the Senate Armed Services Committee hearing on security in Afghanistan and in the regions of South and Central Asia, in Dirksen Building on Tuesday, October 26, 2021.Tom Williams | CQ-Roll Call, Inc. | Getty ImagesSen....
BlackRock launches more active ETFs, ramps up lineup amid ‘tremendous’ demand
BlackRock is launching two more exchange-traded funds that are actively managed by the firm’s professional stock and bond pickers amid rising investor interest in active ETFs.
GBP/USD Eyes UK Inflation – Action Forex
The British pound has edged lower on Tuesday. GBP/USD is trading at 1.2683 in the European session at the time of writing, down 0.16% on the day. There are no UK events on Tuesday, while the US releases retail sales. On Wednesday, we’ll get a look at UK inflation for...
OKX Initiates Wallet Maintenance Affecting Multiple Networks Including ARB and OP
Leading cryptocurrency exchange OKX has announced a scheduled wallet maintenance affecting several prominent blockchain networks, including Arbitrum (ARB), Optimism (OP), LINEA, MANTA, METIS, BASE, STARKNET, MXC, Lisk (LSK), and Zksync...
FCA cancels Payshot Limited’s registration as small payment institution
The UK Financial Conduct Authority (FCA) has decided to cancel the small payment institution (SPI) registration of Keyvolute Limited t/a Payshot Limited. The decision is made pursuant to regulations 10(1)(a) and (h) (as applied by Regulation 15) of the PSRs. Although...
S&P 500, Nasdaq hit record closing highs ahead of data, Fed comments, ET BFSI
The S&P 500 and Nasdaq scored record closing highs on Monday as technology shares rallied on enthusiasm over artificial intelligence ahead of this week's economic data and Federal Reserve officials' speeches that could shed light on monetary policy.Megacaps Apple...
Fitch raises India’s growth forecast by 20 bps to 7.2% for FY25, ET BFSI
The American rating agency on Tuesday announced an upward revision in India's FY25 growth forecast from 7 percent to 7.2 per cent. This positive growth trajectory for India contrasts with the global economic situation, as the US economy is gradually slowing...
Nvidia’s stock packs 50% more upside, says Wall Street’s new biggest bull
Many analysts have yet to update their Nvidia price targets to account for the stock’s rally over the past month, but a Rosenblatt analyst just did so in a bold way.
Binance Launches P2P Cash Trade Fiesta with 7,000 FDUSD Prize Pool
Binance, one of the world's leading cryptocurrency exchanges, has announced an exciting new promotion for users involved in its Peer-to-Peer (P2P) trading platform. Dubbed the 'P2P Cash Trade Fiesta', this initiative offers eligible...
GameStop’s stock slides 1.7% as investors digest short annual meeting
Roaring Kitty weighed in on the event with fresh cryptic tweets.
German ZEW ticks up to 47.5, sentiment and situation stagnate
German ZEW Economic Sentiment ticked up from 47.1 to 47.5 in June, below expectation of 50.0. Current Situation Index fell from -72.3 to -73.8, below expectation of -69.0. Eurozone ZEW Economic Sentiment rose from 47.0 to 51.3, above expectation of 47.2. Current...
HKEX plans to implement Severe Weather Trading from Sep 23, 2024
Hong Kong Exchanges and Clearing Limited (HKEX) today announced the finalisation of the operational model and arrangements to allow Hong Kong’s securities and derivatives markets to remain open during severe weather conditions. HKEX plans to implement Severe Weather...
India’s non-banking financial sector grew by 10%; declined globally by 3 %, ET BFSI
India's non-banking financial sector registered a growth of 10 per cent however globally the sector declined by 3 per cent, highlights a report by SBI.The non-banking financial institutions are typically those that do not possess a full banking license and thus,...
Amazon’s New York Union votes overwhelmingly in favor of ratifying Teamsters deal
Amazon Labor Union members have voted overwhelmingly in favor of ratifying their affiliation with The International Brotherhood of Teamsters in a 98.3% vote, the Teamsters said on Tuesday.
NVIDIA Introduces AI-Driven Supply Chain Management with NIM Technology
NVIDIA, known for its technological innovations, has revealed a new approach to managing complex supply chains using its NIM (NVIDIA Inference Microservices) technology. According to the NVIDIA Technical Blog, this development leverages...
Eurozone CPI finalized at 2.6% in May, core at 2.9%
Eurozone CPI was finalized at 2.6% yoy in May, up from April’s 2.4% yoy. CPI core (ex energy, food, alcohol & tobacco) was finalized at 2.9% yoy, up from prior month’s 2.7% yoy. The highest contribution to the annual inflation rate came from services (+1.83...
CMC Markets Connect launches trading partnership with neobank Revolut
UK online trading house CMC Markets Plc (LON:CMCX) has announced a new fintech partnership with global neobank, Revolut. The partnership will see the two companies connecting via multiple APIs, with the user interface delivered directly via the Revolut app whilst...
Broadcom just keeps getting bigger as it’s deemed best AI stock besides Nvidia
Broadcom has passed Eli Lilly to become the eighth-largest U.S. company by market cap.
FSIB recommends 5 Chief General Managers for position of EDs in PSU banks, ET BFSI
New Delhi The Financial Services Institutions Bureau (FSIB), the headhunter for directors of state-owned banks and financial institutions, on Monday recommended the elevation of five chief general managers for the post of executive directors in various banks. The FSIB...
Crypto Continues Its Retreat – Action Forex
Market picture In 24 hours, crypto capitalisation fell 2.2% to $2.36 trillion. Bitcoin’s relatively moderate 1% decline contrasts with a much deeper dive in altcoins. Ethereum fell 3.3%, Solana plunged 7.8%, and Dogecoin dropped 9.2%. The main momentum of the decline...
Digitizing paperwork for sustainable ESG progress, ET BFSI
And as India continues to enhance its digital transformation, leveraging technology to meet ESG goals will strengthen the country's position as a responsible participant in the global economy, where growth is driven by sustainable development.Given the increasing...
Record percentage of central bankers expect gold holdings to increase
The highest percentage of central bankers in at least six years expect their holdings of gold to increase, according to a closely watched survey released Tuesday.
Exploring Governance: From Democracy to AI Oversight in Web3
In the latest episode of the web3 with a16z podcast, governance takes center stage, with discussions ranging from the history of democracy to the intricacies of AI oversight boards at tech giants like Meta, OpenAI, and Anthropic....
Euronet lowers withdrawal limit in Poland to PLN 200 per transaction
On June 18, Euronet is conducting a one-day protest aimed at drawing the attention of consumers, decision-makers and business partners to the current situation of ATM operators in Poland. Today, Euronet are lowering the domestic cash withdrawal limit to PLN 200 per...
Brent Oil Has Risen in Price: Reliance on Stock Market Demand Has Worked
The commodity market was adjusted moderately on Tuesday morning after the price of Brent crude oil rose by 2% the day before. A barrel of the North Sea variety is at about 84 USD. The main support factor currently is the improving prospects for global demand....
FPIs offload Indian equities worth Rs 3,064 crore in June so far, ET BFSI
Despite Indian benchmark indices Nifty50 and Sensex gaining over 4% in June, Foreign Portfolio Investors (FPIs) have remained unenthusiastic, offloading Indian equities worth Rs 3,064 crore so far this month. In 2024 year-to-date, FPIs have sold stocks worth Rs 26,428...
AI deepfake porn bill would require big tech to police and remove images
U.S. Senator Ted Cruz (R-TX) addresses a news conference on Capitol Hill in Washington, October 6, 2021.Evelyn Hockstein | ReutersWASHINGTON — Lawmakers on Capitol Hill are scrambling to address the boom in deepfake AI pornographic images, which have targeted everyone...
Kansas sues Pfizer, saying it misled the public over COVID-19 vaccine
The lawsuit says Pfizer concealed information about adverse events while working to censor information on social media
Boeing CEO Dave Calhoun heads to Senate hearing over safety
Dave Calhoun, CEO of Boeing, leaves a meeting with Sen. Dan Sullivan, R-Alaska, in Hart Building, on Wednesday, January 24, 2024. Calhoun was meeting with senators about recent safety issues including the grounding of the 737 MAX 9 planes.Tom Williams | Cq-roll Call,...
SBI steps up climate risk tracking after RBI nudge, BFSI News, ET BFSI
MUMBAI: SBI has started watching the weather more intently from the current financial year. The country's largest lender is incorporating climate change risks into its lending framework and has set up a Climate Change Risk Management Committee to enhance governance...
Difference Between ChatGPT and Gemini
The arrival of ChatGPT changed conventional perceptions about AI and introduced a new paradigm, generative AI. As a matter of fact, it is still the most preferred AI chatbot that helps with different tasks, including writing emails or brainstorming for new projects....
RBA More Alert and Less Certain in its Inflation Fight
The RBA left the cash rate on hold at 4.35%, but their rhetoric suggests the Board is more alert to upside inflation risks. Indeed, the RBA Board appears less certain that inflation is moderating as they’d like and there’s lingering concerns about persistent price...
Bank of Cyprus extends Integral partnership for FX pricing and risk management
Currency trading technology provider Integral Development Corp has announced an expansion of its partnership with Bank of Cyprus, to offer real-time pricing and risk management capabilities as part of the bank’s online banking platform. In choosing to implement...
Fitch Ratings increase India’s GDP forecast to 7.2% for current fiscal year, ET BFSI
Fitch Ratings' in its latest Global Economic Outlook report forecasted India's economy to grow by 7.2% in the current fiscal year with the central bank anticipated to implement a single quarter-point rate reduction, 0.2 % up than beating earlier projections predicted...
Yogis who stole millions from ailing Malibu doctor expose the perils caregivers can pose to the vulnerable
Anthony David Flores was sentenced to nearly 16 years in prison.
Apple issues ‘very serious’ under landmark EU rules: Vestager
Apple has a number of "very serious" issues under the European Union's sweeping rules aimed at reining in Big Tech, the bloc's competition chief Margrethe Vestager told CNBC on Tuesday, following reports that regulators are preparing charges against the iPhone...
Don’t Let Two Worlds Collide
One of my favorite hobbies is taking on multi-day hikes in the Appalachian Mountains near my home in Maine. There’s no better way to clear my mind than actually living outside in a beautiful place with a clear goal in mind. When I map out these hikes, I consider many...
IIFL Finance subsidiary raises Rs 216 crore through public bond issue, ET BFSI
IIFL Finance's microfinance subsidiary IIFL Samasta Finance has garnered Rs 216 crore through its second public bond issue against a Rs 1,000-crore target despite higher interest rates, as investors were likely concerned over the regulatory scrutiny on IIFL Finance's...
Best Ways to Earn Passive Income With Crypto in 2024- Cloud Mining
The idea of digital finance has been completely transformed by Bitcoin and other cryptocurrencies, which have brought safe, decentralized ways to transfer money around the world. Cloud mining is a major innovation that facilitates this...
FM Nirmala Sitharaman to hold pre-budget meeting with industry chambers on June 20, ET BFSI
Union Finance Minister Nirmala Sitharaman Finance Minister Nirmala Sitharaman is likely to hold pre-budget consultations with industry chambers on June 20, sources said. The budget for 2024-25 fiscal is likely to be presented in Parliament in the second half of...
Carrefour shares skid on report of possible fine
Shares of French supermarket giant Carrefour slumped on Tuesday after a report the French government wanted to levy a 200 million euro fine.
Activist Starboard sues Autodesk in bid to mount proxy fight
Autodesk president and CEO Andrew Anagnost.AutodeskStarboard Value sued software maker Autodesk on Monday to delay the company's annual meeting and reopen the board nominating window and allow the activist to mount a proxy fight.Activists can typically only begin a...
GBPUSD Falls to a Fresh 1-Month Low
GBPUSD declines to its lowest level since May 17 Momentum indicators ease but remain in positive zones GBPUSD was in a steady recovery following its bounce off the 2024 bottom of 1.2298, with the price violating both the 50- and 200-day simple moving averages (SMAs)....
CME Group registers FX Futures and FX Link volume records
International derivatives marketplace CME Group today announced its FX futures reached an all-time single-day volume record of 3.26 million contracts (equivalent to $314B notional) on June 12. The previous record of 3.15 million contracts ($296B notional) was set on...
Binance to Delist LINA/BTC Margin Trading Pair on June 19, 2024
Binance, a leading cryptocurrency exchange, has announced it will delist the LINA/BTC Cross and Isolated Margin trading pair, effective June 19, 2024, at 06:00 (UTC). This decision is part of Binance's ongoing effort to optimize its...
PSBs dominate India’s banking with over 50% share across market share, services, ET BFSI
A recent report by the State Bank of India (SBI) highlights the dominant position of Public Sector Banks (PSBs) in India, which account for more than 50 percent of the banking business in terms of market share, branches, and Automated Teller Machines (ATMs). The...
The market is blowing off what the Fed is saying about rates, BFSI News, ET BFSI
The Wall Street axiom warns to “never fight the Fed.” But that’s exactly what traders are doing, and it could spark a rally in some of the forgotten corners of the stock market.Federal Reserve forecasts and comments from central bankers couldn’t be more clear....
Advance tax numbers bring cheer to the economy, BFSI News, ET BFSI
New Delhi: The government's advance tax collection in this financial year till June 15 surged 27.6% year-on-year to ₹1.48 lakh crore, signalling a robust economy and strong corporate performance, said people privy to the information.The amount included ₹1.14 lakh...
Troubled EV maker Fisker files for bankruptcy protection
The electric vehicle maker Fisker on Tuesday said it filed for bankruptcy protection, a step that came as little surprise after recently defaulting on a bond payment and halting manufacturing.
TravelPerk acquires US rival AmTrav, bags $135 million for expansion
LONDON — TravelPerk, a European corporate travel booking platform, told CNBC on Tuesday it has acquired Chicago-based startup AmTrav to help further its expansion in the U.S.AmTrav, which operates in the same space as TravelPerk, will continue to operate under the...
FDA approves Merck pneumococcal disease vaccine designed for adults
Zoom In IconArrows pointing outwardsMerck's new pneumococcal vaccine. Courtesy: MerckThe Food and Drug Administration on Monday approved Merck's new vaccine designed to protect adults from a bacteria known as pneumococcus that can cause serious illnesses and a lung...
Yen Recovers as BoJ’s Ueda Reiterates July Hike Possibility, But Gains Capped by Uncertainty
Japanese Yen had a modest recovery in Asian session, accompanied by an uptick in 10-year JGB yield and Nikkei. This comes as BoJ Governor Kazuo Ueda continued to prepare the markets for more tightening ahead, by reiterating that another rate hike in July is a...
Creating WebVTT Files for Videos Using Node.js: A Comprehensive Guide
WebVTT (.vtt) or Web Video Text Tracks Format is a widely supported format for subtitles in videos. In this guide, you'll learn how to create WebVTT files for videos using Node.js and the AssemblyAI API, according to AssemblyAI. Step 1:...
French stocks are pressuring widely held equities indexes. Should you buy the dip?
French stocks have taken a beating on election worries, dragging down popular equity indexes focused on countries outside the U.S.
US 500 Index Eases After the Climb to New High
US 500 index calms near the 261.8% Fibonacci extension level RSI and Stochastics are flattening The US 500 (cash) index has been moving with weak momentum over the last couple of sessions after the surge towards a new record peak of 5,449.73, holding near the 261.8%...
Tax Tips for Gen Z: 12 Ways to Start Saving Early
Navigating taxes might seem daunting, but understanding how to find every dollar you deserve during life’s major transitions can make a huge difference. Whether you’re wrapping up your degree, starting your first job, or figuring out tax filing basics, these tips are...
How Nvidia’s new Street-high stock-price target stacks up in the chip sector
The new highest price target for Nvidia’s stock implies 21% upside from Friday’s close, but the most bullish targets for numerous other chip stocks suggest more room to run.
Linea’s Surge Volt 2 Commences Amidst Robust Network Growth
Linea has launched the second phase of its Surge initiative, Volt 2, following the successful completion of Volt 1, according to Linea blog. The Surge program has propelled Linea, a zkEVM Layer 2 network, to new heights with over $1...
Cboe Global Markets to introduce new U.S. Treasury Market Volatility Index
Cboe Global Markets, Inc. , a derivatives and securities exchange network, today announced plans to launch the Cboe 20+ Year Treasury Bond ETF Volatility Basis Point Index (VIXTLT Index). Using an adaptation of Cboe’s proprietary VIX® Index methodology, the VIXTLT...
Apple stops offering buy now, pay later loans in U.S.
Apple CEO Tim Cook gestures during the annual developer conference event at the company's headquarters in Cupertino, California, U.S., June 10, 2024. Carlos Barria | ReutersApple said on Monday that it has stopped issuing loans through Apple Pay Later, its...
AUD/USD Mid-Day Report – Action Forex
Daily Pivots: (S1) 0.6590; (P) 0.6617; (R1) 0.6643; More... No change in AUD/USD’s outlook and intraday bias stays neutral. 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...
AMC’s theaters have their best weekend of 2024 thanks to ‘Inside Out 2’ — but its stock is falling
AMC Entertainment Holdings Inc. said Monday that its theaters just had their best weekend of the year in terms of moviegoers, but that didn’t stop the company’s shares from dropping in sympathy with those of fellow meme stock GameStop Corp.
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 156.73; (P) 157.50; (R1) 158.23; More… Intraday bias in USD/JPY remains neutral for the moment. Further rally would remain in favor as long as 154.53 support holds. Break of 158.25 will resume the choppy rise from 151.86 towards 160.20 high. But...
UK100 index set for 1,000 pip move? :: InvestMacro
By ForexTime This week set to be UK100’s 2nd most-volatile period so far in 2024UK100 may even see a 1000-pip intraday moveTraders brace for BOE decision, UK economic dataUK100 still holding on to QTD gains, but 3.8% lower from ATHWall Street predicts 15% future gains...
A popular Wall Street currency trade is getting hit by geopolitical uncertainty
Concerns are being raised about how well the so-called carry trade in currencies can do after the foreign-exchange market was rocked earlier this month by Mexico’s election results.
Bitfinex Releases Mobile App Update Version 6.20.0 with Enhanced Features
Bitfinex has unveiled Version 6.20.0 of its mobile app, bringing a slew of new features and enhancements aimed at improving user experience, according to Bitfinex. New Features The latest update introduces a revamped P/L share view,...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8876; (P) 0.8921; (R1) 0.8946; More…. USD/CHF is still bounded in range above 0.8880 and intraday bias stays neutral. On the downside, sustained break of 0.8883 fibonacci level will carry larger bearish implications and bring deeper decline. On...
Popular tech ETF forced to dump Apple stock, buy Nvidia in upcoming rebalancing
A major shakeup is coming to a popular tech-sector exchange-traded fund.
Commodities house Trafigura hit with $55 million CFTC fine
U.S. derivatives markets regulator Commodity Futures Trading Commission (CFTC) has announced that it has issued an order simultaneously filing and settling charges against Trafigura Trading LLC, a global commodities merchant with its principal place of business in...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2640; (P) 1.2702; (R1) 1.2748; More… Intraday bias in GBP/USD remains on the downside at this point. Fall from 1.2859 short term top would target 1.2633 resistance turned support first. Firm break there will argue that whole rise from 1.2298 has...
New Jersey Democratic kingmaker George Norcross indicted on racketeering charges
New Jersey businessman and co-owner of The Philadelphia Inquirer, George Norcross walks to Judge Patricia McInerney's courtroom at City Hall in Philadelphia. Matt Rourke | APGeorge Norcross, who for decades had been a Democratic political kingmaker in New Jersey, was...
Is the stock market open on Juneteenth, June 19? Will the post office deliver mail?
The newest federal holiday will see many closures.
Runway Unveils Gen-3 Alpha: Pioneering the Future of Video Generation
Runway has announced the launch of Gen-3 Alpha, a groundbreaking foundation model designed to revolutionize video generation. This new model is positioned as a significant upgrade over its predecessor, Gen-2, promising substantial...
NVIDIA Introduces Omniverse Microservices to Enhance Physical AI Development
NVIDIA has announced the launch of NVIDIA Omniverse Cloud Sensor RTX™, a suite of microservices designed to provide physically accurate sensor simulation, thereby accelerating the development of autonomous machines. This announcement was...
Central banks face threats to their independence – and that isn’t good news for sound economic stewardship (or battling inflation) :: InvestMacro
By Cristina Bodea, Michigan State University and Ana Carolina Garriga, University of Essex Nearly every country in the world has a central bank – a public institution that manages a country’s currency and its monetary policy. And these banks have an extraordinary...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0666; (P) 1.0705; (R1) 1.0743; More…. Intraday bias in EUR/USD remains on downside for the moment. Fall from 1.0915 is seen as another leg in the larger corrective pattern. Deeper decline would be seen to 1.0601 low first. Firm break there will...
Harker says air of ‘uncertainty’ surrounds inflation, sees just one Fed rate cut in 2024
The chief of the Philadelphia Federal Reserve on Monday said one reduction in interest rates “would be appropriate by year’s end” based on the current trajectory of inflation and the U.S. economy.
8 stocks other than Microsoft, Apple and Nvidia that could be worth $4 trillion in three years
Stocks reaching the top of the market-cap rankings will often follow with below-average growth.
USD/JPY: Bulls Hold Grip for Retest of Pivotal Fibo Barrier
USDJPY firmed further on Monday and partially offset warning from long upper shadow of Friday’s daily candle, as fresh strength looks for retest of pivotal Fibo resistance at 158.22 (76.4% of 160.19/151.85) which capped Friday’s rally. Firm break here to open way...
BounceBit and Free Tech Partner to Enhance Cross-Chain Transactions for BBTC and BBUSD
BounceBit has announced a strategic partnership with Free Tech, an independent product line powered by the Meson Finance team, to enhance the ecosystem's cross-chain transaction capabilities for BBTC and BBUSD, according to a recent...
Euronext completes share repurchase as part of its long-term incentive plan
Pan-European market infrastructure Euronext today announced that it has completed the share repurchase program as part of its long-term incentive plan. The company repurchased 100,000 of its own shares at an average price of €93.18. This repurchase programme was...
Apple and Alphabet are paying stock dividends. Amazon is next, these fund managers say
Amazon.com is primed for a payout, two investment pros believe. Knowing how companies use cash have helped them beat the market.
Euro Steadies After Market Jitters Subside
The euro is steady on Monday. EUR/USD is trading at 1.0714 in the North American session, up 0.10% on the day. French election triggers market turmoil France’s financial markets took a tumble late last week, as investors are nervous about the snap parliamentary...
Oil prices continue to be supported by voluntary cuts by OPEC countries. Hong Kong index fell to a 6-week low :: InvestMacro
By JustMarketsAt Friday’s close, the Dow Jones (US30) Index was down 0.15% (for the week -0.50%), while the S&P 500 (US500) Index decreased by 0.04% (for the week +1.69%). The NASDAQ Technology Index (US100) closed positive 0.12% (for the week +3.54%). Hawkish...
Starting a Business? (How to Start a Business Guide)
If you are now the proud owner of your own business, congratulations! By now, I’m sure you’ve experienced some ups and downs which usually comes with running your own show. But as you start to find your bearings and navigating your way as a new business owner, it’s...
Former Chicago Fed President Charles Evans says September rate cut is possible
Economists are divided between a first cut in September or waiting for December. Traders in derivative markets see the Fed cutting interest rates twice starting in September.
Chiliz (CHZ) Chain Unveils Dragon8 Hard Fork with Enhanced Tokenomics
Chiliz (CHZ) Launches Dragon8 Hard ForkChiliz, a leading blockchain provider for the sports and entertainment industry, has announced the successful launch of its Dragon8 hard fork on the Chiliz Chain. This critical update introduces...
Sunset Market Commentary – Action Forex
Markets A sense of calm returned to European markets for now. Le Pen from the poll-leading Rassemblement National sought to reassure investors on the budgetary front if her party were to win the elections. It may have helped to stop the rout in European/French assets...
Balancing regulation and fairness, ET BFSI
SEBI's Power to Attach Bank Accounts: Balancing Regulation and FairnessThe Securities & Exchange Board of India (SEBI) had recently passed a confirmatory order dated April 26, 2024, in the matter of Growpital Platform, confirming its findings in the interim order...
Exclusive: Blockchain expert Luke Dorney joins LMAX as Head of Custody
FNG Exclusive… FNG has learned that institutional FX and digital assets broker LMAX has hired Luke Dorney, as the company’s new Head of Custody. Luke Dorney spent the past four years in the institutional digital assets space, most recently serving as General Manager...
How To Manage Your Self-Employment Deductions Year Round
Managing your self-employment tax deductions year-round is crucial for your financial success. Not only can you maximize your tax benefits, but you can maintain financial stability. In addition, you can avoid your last-minute tax season stress. Managing and tracking...
RBA Policy Meeting May Be Muted; Aussie Remains Choppy
RBA interest rate expected to remain unchanged Sticky inflation and economy’s uncertainty still a concern Aussie holds in downward channel ahead of Tuesday’s decision at 04:30 GMT Australia’s uncertain economy and sustained inflation The Reserve Bank of Australia...
This fund’s winning formula is diversified from your heavily weighted index fund
The Hennessy Cornerstone Mid Cap 30 Fund is highly rated and follows a fascinating stock selection methodology.
Apple Watch 10 to include larger screen, thinner design: Kuo
Apple Watch Series 9Source: Apple Inc.Apple Analyst Ming-Chi Kuo said in a blog post on Monday that the next Apple Watch will be thinner and have a larger screen.The Apple Watch Series 10 is expected to be released in September when the company typically introduces...
5 Popular Tax Myths, Busted
People come up with the craziest theories about taxes, but some of the rumors you may hear just aren’t true. By clearing up these myths and providing you with accurate information, you may have a more efficient tax season. Let’s answer a few tax myths to improve your...
Binance Unveils ‘Word of the Day’ Game with 1 Million Binance Points Up for Grabs
Binance, a leading cryptocurrency exchange, has launched an exciting new educational initiative called the 'Word of the Day' (WOTD) game. This game offers participants the chance to win from a substantial pool of 1,000,000 Binance Points,...
Indian banks are better placed with strong balance sheet, low NPAs and higher profits: CLSA, ET BFSI
After suffering from seething government and disturbing bad loan difficulties, Indian banks have established themselves in a much stronger position, as balance sheets and profits have rebounded markedly, noted CLSA (formerly known as Credit Lyonnais Securities Asia),...
Soft Retail sales Could Curb Fed Hawks’ Rhetoric
Market ponders the Fed’s stance after a hawkish gathering Retail sales to reveal the strength of domestic demand Dollar on the front foot; could suffer if data weaken this week The May retail sales report will be released on Tuesday 12:30 GMT At last week’s Fed...
Expert Says Lithium-Brine Stock on Course to New Highs :: InvestMacro
Source: Clive Maund (6/17/24) Technical Analyst Clive Maund shares why he believes American Salars Lithium Inc. (USLI:CSE) is a Strong Buy, including the recent news that it acquired a new project.American Salars Lithium Inc. (USLI:CSE) is a lithium exploration...
Binance Expands ZKsync (ZK) Offering to Earn, Margin, and Futures
Binance, a leading cryptocurrency exchange, has announced the addition of ZKsync (ZK) to its Simple Earn, Margin, and Futures platforms. This update aims to provide more trading options for users and enhance the overall trading experience...
Steel stocks fall after a crop of profit warnings for the second quarter
Steel stocks moved lower early Monday, after a crop of steel companies issued profit warnings for the second quarter, amid pressure on prices.
Bitcoin nears $65,000 as the selling pressure continues
Bitcoin daily chartBitcoin has been steadily sold over the past 12 hours after trading higher earlier.It's down 0.7% on the day and is threatening the $65,000 level and last week's low of $64,924. Cracking that would leave it at a one-month low despite US equities...
GameStop investors brace for rescheduled annual shareholder meeting
GameStop Corp.’s stock shed early gains to trade flat on Monday, as investors braced for the company’s annual shareholder meeting which will take place at 11.30 a.m. Eastern after it was delayed by technical issues last week.
EURUSD Battles With 61.8% Fibo
EURUSD drops to a fresh 1-month low after violating SMAs Quickly recoups some losses and challenges 61.8% Fibo Oscillators suggest that bearish forces are strengthening EURUSD has undergone some volatile sessions in the past few days, eventually dipping beneath both...
RBI wins ‘Risk Manager of the Year’ award by London’s Central Banking publication, ET BFSI
The Reserve Bank of India (RBI) has won the "Risk Manager of the Year Award 2024" by Central Banking, a leading publication based in London, UK. This accolade recognizes RBI's exemplary strides in enhancing its risk culture and awareness, affirming its pivotal role in...
CoinShares: Hawkish FOMC Meeting Triggers $600M Outflows in Digital Asset Funds
Digital asset investment products faced significant outflows totaling $600 million, marking the largest outflow since March 22, 2024. The recent hawkish Federal Open Market Committee (FOMC) meeting is cited as the main trigger for these...
Italy’s CONSOB orders blocking of LLCapitalFX and RussellGroupFX websites
Italy’s Companies and Exchange Commission (CONSOB) has ordered the blocking of access to six new websites that offer financial services/financial products illegally. Five of these are illegal financial intermediation websites and one website offers financial products...
The IRS is targeting tax cheats who play ‘shell games.’ Uncle Sam could net $50 billion.
The sole purpose of these large, lucrative business partnerships “is to avoid tax bills by moving assets from one pocket to another to generate deductions,” Deputy Treasury Secretary Wally Adeyemo said.
Aussie Weakens as Market Eyes Upcoming RBA Rate Decision
Australian Dollar declines broadly today, as markets brace for the upcoming RBA rate decision. With the cash rate expected to hold steady at 4.35%, speculation is rife about RBA’s future monetary policy direction. Although the central bank maintains an open stance on...
These 6 banks have revised loan interest rates in June 2024, ET BFSI
Marginal Cost of the Fund-Based Lending Rate (MCLR) is the minimum interest rate below which a bank or a financial institution cannot lend you loans. It is calculated by the banks after considering the marginal cost of funds, operating costs, tenor premium, and...
Cannabis company Columbia Care to cut costs and sell its Florida business
Cannabist, the parent of Columbia Care, to shed workers as part of a plan to save $10 million.
Eli Lilly CFO Anat Ashkenazi on managing soaring demand for GLP-1s
A pharmacist holds boxs of Eli Lilly & Co. Mounjaro brand tirzepatide medication arranged at a pharmacy in Provo, Utah, US, on Monday, Nov. 27, 2023. George Frey | Bloomberg | Getty ImagesSkyrocketing demand for a class of weight loss and diabetes treatments has...
The New Zealand dollar is falling :: InvestMacro
By RoboForex Analytical DepartmentLike other major currencies, the New Zealand dollar is under pressure from the strong US dollar. This development comes after the Federal Reserve’s updated forecasts last week. Stock market expectations point to only one interest rate...
Australian Dollar Drifting Ahead of RBA Decision
The Australian dollar is steady on Monday. AUD/USD is trading at 0.6605 in the European session, down 0.14% on the day. Last week, the Australian dollar rose as much as 1.8% but pared most of these gains. RBA expected to hold rates The Reserve Bank of Australia will...
BitMEX to Introduce ZKUSDT (ZK/USDT) Perpetual Swap with Up to 10x Leverage
BitMEX, a prominent cryptocurrency exchange, has announced the upcoming listing of a new perpetual swap – ZKUSDT. The new trading pair will be available starting June 17, 2024, at 12:00 UTC, offering traders the opportunity to leverage...
New York Fed’s Empire State factory gauge contracts for 7th straight month in June
Headline index moves up 9.6 points, but only to negative 6 reading
M-cap of five of top-10 most valued firms jumps Rs 85,582 crore; LIC biggest gainer, ET BFSI
Five of the top-10 most valued firms together added Rs 85,582.21 crore in market valuation last week, with Life Insurance Corporation of India (LIC) emerging as the biggest gainer, in-line with positive trend in equities. Last week, BSE benchmark Sensex climbed 299.41...
Gold Price Outlook: Bears Take Early Control as US Dollar Index (DXY) Rises
Gold surrendered Friday’s gains as a retest of $2300 gains momentum. US dollar index (DXY) rises but faces stern resistance at 105.63. Geopolitics remains on the back burner for now, but risks remain. Fundamental Overview and Week Ahead Gold prices began the week on...
Marex to offer client clearing services for interest rate swaps on LCH’s SwapClear service
Global financial services platform Marex will offer client clearing of interest rate swaps. It will become a member of LCH’s SwapClear service, one of the largest interest rate swaps clearing houses in the world, on July 15, 2024, subject to final approval. As the...
Oil prices hold ground after slowdown in China crude demand
Oil futures edged higher early Monday, holding their ground after an initial dip following data that showed a fall in China crude demand in May.
Immigrants help keep job growth high as inflation cools
U.S. President Joe Biden greets members of the U.S. Border Patrol at the U.S.-Mexico border in Brownsville, Texas, U.S., February 29, 2024. Kevin Lamarque | ReutersImmigration — both authorized and unauthorized — has helped the U.S. job market sustain a fiery run in...
HK SFC: Sentencing Adjourned in Market Manipulation Case
Sentencing in a notable market manipulation case has been postponed, according to the Securities and Futures Commission (SFC). The case, which has garnered significant attention, involves allegations of misconduct in financial markets....
SECO slightly upgrades Swiss economic forecasts, but below-average growth persists
The State Secretariat for Economic Affairs said that Swiss economic forecasts remain largely unchanged, with growth expected to stay below average this year. The Expert Group on Business Cycles projects a modest growth rate of 1.2% for the Swiss economy in 2024,...
‘Inside Out 2’ box office opening hits $155 million domestically
Disney and Pixar brought a big dose of joy to the box office this weekend."Inside Out 2" debuted with an estimated $155 million domestically, the second-highest theatrical opening of an animated film and the first film since Warner Bros.' "Barbie" to top $100 million...
Government has this ‘160’ number solution for online banking frauds, ET BFSI
Amidst the rising spam call frauds in the country, the government has finally introduced a new number series specifically for transactional and service voice calls. As per a Telecom Regulatory Authority of India (TRAI) release, all transactional and service voice...
Indian corporates are likely to go slow on overseas dollar loans: BofA, ET BFSI
Mumbai: After having deleveraged their books, Indian corporates are likely to go slow on overseas dollar loans as current rates are expensive, although there is "huge pent-up demand" for buying into local firms' equity, a top Bank of America executive told ET."On the...
Darts, monkeys and Wall Street: Your stock market success might just be dumb luck
Why stock investing is best done through an index fund.
Interactive Brokers introduces new features and services to help advisors on its platform
Electronic trading major Interactive Brokers recently introduced new features and services to help advisors on its platform. Message Center enhancements for Registered Investment Advisors, Family Group Advisors and Hedge Fund Advisors: New features include a...
A Guide to Building Retirement Savings as a Business Owner » Succeed As Your Own Boss
There are lots of way to build retirement savings as a business owner. Having retirement savings is crucial to ensure financial security and independence in your later years. It allows you to maintain your standard of living, cover healthcare costs, and manage...
NVIDIA: Sea of Thieves and More Join GeForce NOW Library
The popular adventure game 'Sea of Thieves' is now available on GeForce NOW, bringing the excitement of pirate life to the cloud gaming service. This addition is part of a broader update that includes four new titles joining the GeForce...
Does EURCHF Correction Have Legs?
EURCHF drops to a 4-month low Significant correction over the past 15 days Momentum indicators confirm the bearish pressure EURCHF has been on a freefall since late May with the move picking up pace following the recent European elections and the first ECB rate cut....
When estate planning gets testy, this expert help can avoid probate and family fights
Here’s how to know that a financial adviser understands wills and trusts.
Will Nifty touch 24,000 this week? Top 5 factors at play, ET BFSI
After ending last week with a surge of 0.75% following green endings seen on the last 4 days, Nifty remains locked within a narrow range of 23,200-23,500. If it breaks out above 23,600, the index can rally as much as 24,000 depending on news flow around the upcoming...
Binance to List ZKsync (ZK) and Launch Token Distribution Program
Binance, the world's largest cryptocurrency exchange by trading volume, has announced the listing of ZKsync (ZK) and the launch of a ZK token distribution program. According to Binance, trading for the new spot trading pairs will commence...
HK regulator bans former rep of Primas Asset Management Limited for 12 months
The Securities and Futures Commission (SFC) of Hong Kong has banned Ha Po Kwan, a former licensed representative of Primas Asset Management Limited (PAML), from re-entering the industry for 12 months The ban is effective from 14 June 2024 to 13 June 2025. The...
Sitharaman likely to present budget for fiscal year 2024-35 in second half of July, ET BFSI
NEW DELHI: Finance Minister Nirmala Sitharaman is likely to hold pre-budget consultations with industry chambers on June 20, sources said. The budget for 2024-25 fiscal is likely to be presented in Parliament in the second half of July.Industry sources said the...
Wall Street’s new top S&P target is 6,000 — here’s why.’
AI exuberance can last longer than many reckon, lifting S&P 500 earnings multiples
Nikkei Index Falls Below 38,000 Points This Month for First Time
According to today’s Nikkei 225 (Japan 225 on FXOpen) chart, the index quote dropped below 38,000 points at Monday’s low, followed by a recovery (shown by an arrow). One of the drivers of the decline was the automotive sector, whose shares led during the downturn. In...
U.S. sends senior adviser amid surging Israel-Lebanon tensions
Smoke and flame rise after Hezbollah carried out a missile attack on Safed city, northern Israel on June 12, 2024.Anadolu | Anadolu | Getty ImagesA senior U.S. adviser will travel to Israel in a bid to cool rising tensions at the Lebanon border, where recent rains of...
Public sector banks efficiency improves as private banks decline: SBI study, ET BFSI
Mumbai: A study by State Bank of India has said that public sector banks (PSBs) in India outperform private sector banks in terms of efficiency. The study measures efficiency by assessing how well banks utilize resources to generate output at an optimal scale.In the...
‘It’s the saddest thing’: I’m happily retired and my friends want to know my secret. Should I give them financial advice?
“I’m in a comfortable position now where I can live off of my interest, dividends, Social Security, and retirement account.”
Ethereum Bolstered by Hopes, Bitcoin Waits for a Signal
Market picture The cryptocurrency market has lost almost 5% over the past seven days. It has not given up important support levels but also has no significant drivers to resume growth. Bitcoin lost 4.7% over the week, in unison with the market. Ethereum lost 3%, while...
iSAM Securities’ liquidity bridge APEX integrates TRAction reporting platform
Trade reporting solutions provider TRAction and electronic market maker and connectivity provider iSAM Securities have announced a new integration between TRAction’s reporting platform and iSAM Securities’ liquidity bridge, APEX. In response to the regulatory emphasis...
OKX Completes Migration of ZK Token to ZKJ, Announces New Trading Pair
Migration Details and New Trading Pair OKX, a leading cryptocurrency exchange, has successfully completed the token migration of ZK to its new iteration, ZKJ. According to OKX, users can now find their newly migrated ZKJ assets under the...
1st Modi 3.0 Budget to eye job creation by expanding PLI scheme, MSME focus, ET BFSI
NEW DELHI: Steps to boost jobs by expanding the Production Linked Incentive scheme to furniture, toys, footwear and more segments of textiles, along with a focus on MSMEs, while increasing income levels of women and boosting infrastructure, are expected to be among...
Goldman ups S&P 500 target for a third time — and says 6,300 is possible
The bank now sees the record-busting index SPX ending 2024 at 5,600, from a prior 5,200 thanks to “milder-than-average negative earnings revisions and a higher fair value price/earnings multiple.”
Apple supplier TDK announces solid-state battery breakthrough
Apple Watch SE is seen in a store in Krakow, Poland on April 20, 2024.Nurphoto | Nurphoto | Getty ImagesJapanese electronic parts maker TDK on Monday said it had successfully developed a material for its solid-state batteries, making a breakthrough that it estimates...
New Zealand Dollar is Falling
Like other major currencies, the New Zealand dollar is under pressure from the strong US dollar. This development comes after the Federal Reserve’s updated forecasts last week. Stock market expectations point to only one interest rate cut this year, most likely in...
Foreign investors return to Indian markets with investment of Rs 2743 crore, ET BFSI
New Delhi [India], June 16 (ANI): Foreign portfolio investors (FPIs) returned to the Indian equity markets, with a net investment of Rs 2,743 crore on Friday. Despite this positive development, the overall net investment by FPIs remains negative. According to the...
UBS offers to return money in Credit Suisse funds tied to Greensill Capital
The Swiss bank offered to give back 90% of any investments in the Credit Suisse funds that had put $10 billion into Greensill Capital before its collapse in 2021
ATFX integrates PriceOn from TraderTools to enhance global group trading efficiency
Leading Retail FX and CFDs broker ATFX has announced a significant enhancement to its global trading infrastructure, with the integration of PriceOn from TraderTools. ATFX said it is set to revolutionize how the firm manages trading flows from current institutional...
ECB’s Lane confidence on inflation, cautions on interpreting data noise
ECB’s Chief Economist Philip Lane expressed “a lot, a fair amount of confidence” today that Eurozone inflation is on track to return to 2% target by the latter half of next year. In his remarks, Lane highlighted the importance of judiciously interpreting incoming...
PwC India expects upswing in small, mid-size M&A transactions, ET BFSI
PwC India anticipates an upswing in the India markets, especially in small to mid-size M&A (merger and acquisition) transactions and growth fundings driven by increasing investors' confidence. The year 2023 witnessed the emergence of a nuanced M&A landscape,...
Kaskhari says it’s ‘reasonable’ to predict Fed won’t cut rates until December
It’s a “reasonable prediction” that the Federal Reserve will wait until December to cut interest rates, Minneapolis Fed President Neel Kashkari said Sunday.
BounceBit Integrates Traditional Economic Theories to Strengthen CeDeFi Resilience
BounceBit continues to push the boundaries of CeDeFi innovation by offering institutional-grade yield products, restaking use cases, and CeDeFi as a service, according to BounceBit. The company's infrastructure democratizes high-yield...
How banks can be future-ready, BFSI News, ET BFSI
Across the world, we see companies beginning to size up the potential effects of climate change and its risks. The banking and financial services sector is no different.The volatile environment means, banks must certainly act on two fronts: one -look at managing their...
The market is blowing off what the Fed is saying about rates, BFSI News, ET BFSI
The Wall Street axiom warns to “never fight the Fed.” But that’s exactly what traders are doing, and it could spark a rally in some of the forgotten corners of the stock market.Federal Reserve forecasts and comments from central bankers couldn’t be more clear....
IMC joins Cboe Europe Derivatives as direct trading participant
Cboe Europe Derivatives (CEDX) today announces that IMC has become a new direct trading participant, gaining access to the exchange’s range of pan-European index derivatives and equity options. Iouri Saroukhanov, Head of European Derivatives at Cboe Europe, said: “We...
Activist investor Starboard reportedly seeking changes at Autodesk
Activist investor Starboard Value has taken a roughly $500 million stake in Autodesk Inc., the Wall Street Journal reported late Sunday, and is seeking changes at the software company.
Gold Attempts to Erase Latest Slump
Gold falls to its lowest level in a month But recovers some ground, eyeing 50-day SMA Oscillators improve but remain negatively tilted Gold has been experiencing a pullback from its all-time high of 2,450, breaking below the 50-day simple moving average (SMA)....
Malaysia emerges as Asian data center powerhouse, amid booming demand
A large hallway with supercomputers inside a server room data center. Luza Studios | E+ | Getty ImagesMalaysia is emerging as a data center powerhouse in Southeast Asia and the continent more broadly as demand surges for cloud computing and artificial...
Binance Postpones ZKsync (ZK) Listing by One Hour
Binance has announced that the trading start time for ZKsync (ZK) will be postponed by one hour. Originally scheduled for 08:00 (UTC) on June 17, 2024, the listing will now commence at 09:00 (UTC) on the same day, according to Binance....
Markets need correction but current momentum indicates otherwise, ET BFSI
New Delhi, After the sharp gains witnessed in the previous week, markets were circumspect this time around but continued to post gains. Markets are at lifetime highs, and in the previous week, one saw the market breadth gaining substantially. One reason for the above...
Finance minister to meet economists, farm bodies for pre-Budget talk, ET BFSI
NEW DELHI: As part of her pre-budget consultations with stakeholders, finance minister Nirmala Sitharaman will meet farmers' associations and agriculture economists on Friday and seek their suggestions on the policy landscape for the politically and economically...
Income tax relief for those in lowest slab may need to be considered in Budget: CII, ET BFSI
Income tax relief for the people in the lowest slab may need to be considered in the upcoming full Budget for 2024-25 considering the high levels of inflation, according to newly-elected CII President Sanjiv Puri. In an interview with PTI, he also suggested creation...
FX option expiries for 17 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 1.0670 level. If anything else, that will act as a bit of a defensive layer in limiting downside price action before rolling off. It isn't exactly a technically...
There’s an unbalanced economy of have and have-nots. Here’s how investors should approach that, says Morgan Stanley.
There’s an unbalanced economy of have and have-nots. Here’s how investors should approach that, says Morgan Stanley.
Starboard has Autodesk stake, weighs suit over probe disclosure
Jeffrey Smith, CEO and chief investment officer at Starboard Value LP.David Paul Morris | Bloomberg | Getty ImagesStarboard Value, the activist fund run by Jeff Smith, has taken a sizable stake in graphics-design firm Autodesk and has spoken with the company's board...
A battle of anti-western hardliners
Iran's Supreme Leader Ali Khamenei leads funeral prayer for the late Iranian President Ebrahim Raisi, Foreign Minister Hossein Amir-Abdollahian and other officials who died in a helicopter crash at the Tehran University campus in Tehran, Iran on May 22, 2024. Iranian...
Euro Finds Stability, Markets Anticipates Turbulent Week Ahead
The forex markets are pretty steady in Asian session today, with Euro stabilizing from its previous sharp sell-off. Meanwhile, Dollar and Yen are posting modest gains. In contrast, commodity currencies showed less resilience, and Swiss Franc surrendered some of its...
Understanding zkSync (ZK): A Comprehensive Overview
Introduction to zkSync zkSync is a Layer-2 protocol designed to scale Ethereum using advanced zero-knowledge (ZK) cryptographic proof-based technology. According to Bitfinex, the primary goal of zkSync is to enhance Ethereum’s throughput...
Offshore broker Scope Prime adds ACY/IC Markets alum Andrew Taylor as APAC head
Scope Prime, the offshore institutional liquidity division of Rostro Financial Group, has announced the appointment of FX and CFDs industry veteran Andrew Taylor to run the company’s APAC division. With over 30 years of experience in the sector, Andrew will be looking...
Panasonic Information Systems Chooses Oracle Cloud to Modernize Internal Infrastructure
Panasonic Information Systems Co., Ltd. (Panasonic IS), the IT subsidiary of Panasonic Holdings Corporation, has selected Oracle Exadata Database Service on Oracle Cloud Infrastructure (OCI) to support the modernization of internal...
SingularityNET (AGIX) Unveils Biweekly Development Progress on Decentralized AI Platform
SingularityNET (AGIX) has released its latest biweekly development report, highlighting significant progress in various components of its decentralized AI platform, according to SingularityNET. Introduction The report covers technical...
Binance Futures to Update Leverage and Margin Tiers for KSM, DASH, IOTA, ASTR and KAVA USDⓈ-M Perpetual Contracts
Binance Futures, a leading cryptocurrency exchange platform, has announced updates to the leverage and margin tiers for several USDⓈ-M Perpetual Contracts. The changes will affect KSMUSDT, DASHUSDT, IOTXUSDT, ASTRUSDT, and KAVAUSDT...
NVIDIA Releases Omniverse Kit 106 Beta for Cloud-Based OpenUSD Applications
NVIDIA has announced the release of the Omniverse Kit 106 Beta, a significant milestone aimed at enhancing the development of OpenUSD applications for both cloud and on-premises deployments. This latest update introduces a host of new...
Clooney and Roberts help Biden raise $30 million-plus at a star-studded Hollywood gala
Some of Hollywood's brightest stars headlined a fundraiser for President Joe Biden that took in a record $30 million-plus for a Democratic candidate, according to his campaign, in hopes of energizing would-be supporters for a White House contest they said may rank...
Taiko (TAI) Unveils Raiko: A Multi-Prover Revolutionizing ZK-Proof Systems
Taiko, a prominent player in the blockchain space, has announced the launch of Raiko, a multi-prover designed to revolutionize the proving systems for Ethereum and zkVM targets. According to Taiko blog, Raiko is an integrated environment...
Big Tech—not the Fed—is driving the stock-market rally. Here’s what investors need to know.
Big tech, not the Federal Reserve, is once again driving the rally across U.S. equities, offering hope to some investors that the stock market could shrug off concerns about the interest-rate outlook to sustain its upward momentum.
Inside latest crypto firm paying billions to end legal troubles
South Korean authorities are seeking the arrest of Do Kwon, co-founder and chief executive officer of Terraform Labs. His company is behind the now-collapsed terraUSD and luna cryptocurrencies. South Korean prosecutors are now seeking to freeze bitcoin linked to...
LangChain: LangSmith Introduces Workspaces for Enhanced Team Collaboration and Organization
LangSmith has unveiled a new feature aimed at improving collaboration and organization within enterprises. The introduction of workspaces in LangSmith allows companies to separate resources among different teams, business units, or...
Anyscale Introduces Multi-Tenant Serve Applications with Containerized Runtime Environments
In a recent update, Anyscale, a leading AI application platform, announced the introduction of multi-tenant serve applications utilizing runtime environments as containers. This development aims to enhance resource management and...
New Zealand Dollar, Palladium lead Bullish & Bearish Positions :: InvestMacro
By InvestMacroThe latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on June 11th.This weekly Extreme Positions report highlights the Most Bullish and Most Bearish...
IIFL Finance Q4 profit falls 6 pc to Rs 431 crore, BFSI News, ET BFSI
NEW DELHI: IIFL Finance on Sunday reported a 6 per cent decline in consolidated net profit to Rs 431 crore for the March quarter as the RBI barred the financial services firm from undertaking gold loan business. The company had earned a net profit of Rs 458 crore in...
Bondex Secures Strategic Investment from Animoca Brands to Expand Web3 Recruitment Platform
Bondex, an independent crowdsourcing recruitment app based in the United Kingdom, has successfully secured a strategic investment from Animoca Brands, according to Bondex. This investment aims to further develop Bondex's platform, which...
RBI’s special audit over, IIFL Finance appoints team to implement corrective actions, ET BFSI
New Delhi [India], June 16 (ANI): IIFL Finance, which caught the eyes of the Reserve Bank of India (RBI) for the significant irregularities in its gold loan portfolio, said it has taken necessary measures to address the identified concerns and prevent their...
Advisors ‘wary’ of bitcoin ETFs are on slow adoption journey, says BlackRock exec
Jonathan Raa | Nurphoto | Getty ImagesThe long-awaited bitcoin exchange traded funds launched in January, and financial advisors are on their way – though gradually – toward adopting them, according to BlackRock's Samara Cohen.For now, about 80% of bitcoin ETF...
SBI to monetise subsidiaries after scaling up their businesses: Chairman Khara, ET BFSI
New Delhi, SBI Chairman Dinesh Kumar Khara has said the lender would wait for its subsidiaries like SBI General Insurance and SBI Payment to further scale up their operations before monetising them. Scaling up of their operation will increase valuation and ensure...
Github: Leveraging RAG to Unlock Insights from Unstructured Data
Unstructured data holds valuable information about codebases, organizational best practices, and customer feedback. According to The GitHub Blog, retrieval-augmented generation (RAG) can help developers leverage this data effectively....
Exclusive: BGC exec Richard Brunt joins TraditionData as CRO
FNG Exclusive… FNG has learned that longtime BGC Partners executive Richard Brunt has joined TraditionData, as the company’s new Chief Revenue Officer (CRO). He will be based in Singapore for his new role with TraditionData. Richard Brunt spent the past 11 years at...
Sui Introduces Secure Native Randomness for Testnet Applications
Developers on the Sui Testnet now have access to a new source of secure randomness generated by Sui validators, according to The Sui Blog. This essential feature, powered by the sui::random module, opens up various possibilities for...
Galaxy: Ethereum Developers Discuss Key Upgrades in All Core Developers Consensus Call #135
On June 13, 2024, Ethereum developers convened virtually for the All Core Developers Consensus (ACDC) call #135. This bi-weekly meeting, chaired by Ethereum Foundation (EF) researcher Alex Stokes, focused on discussing and coordinating...
OpenAI Appoints Retired U.S. Army General Paul M. Nakasone to Board of Directors
OpenAI has announced the appointment of retired U.S. Army General Paul M. Nakasone to its Board of Directors. According to OpenAI, Nakasone will also join the Board’s Safety and Security Committee. Bringing Cybersecurity Expertise Paul M....
US based Wells Fargo bank fires several employees for faking work using keyboard simulation, ET BFSI
A bank in the United States reportedly fires several employees for faking work.As per a report of Bloomberg, Wells Fargo & Co recently terminated more than a dozen employees in its wealth and investment management division. These terminations occurred last month...
Startups’ pink slip count falls to 10,000 amid funding blues, ET BFSI
Indian startups have laid off about 10,000 employees so far in 2024 with funding across stages continuing to be constrained, while companies hire talent cautiously with a focus on improving bottom lines early on in their lifecycle.The first half of 2024 has been...
NVIDIA CEO Jensen Huang Encourages Caltech Graduates to Embrace Unconventional Paths
NVIDIA founder and CEO Jensen Huang delivered an inspiring commencement address to Caltech graduates on Friday, urging them to pursue their craft with dedication and resilience, and to view setbacks as new opportunities. This message was...
FX week in review: FlowBank shut, Prezco launch, broker results, CMO moves
The top story of this past week by any measure was undoubtably the bankruptcy and closure of Swiss online banking and trading firm FlowBank, which rippled throughout the FX, CFDs, and crypto world in several ways. Other than what FlowBank’s clients and debtors...
These 6 banks have revised loan interest rates in June 2024, ET BFSI
Marginal Cost of the Fund-Based Lending Rate (MCLR) is the minimum interest rate below which a bank or a financial institution cannot lend you loans. It is calculated by the banks after considering the marginal cost of funds, operating costs, tenor premium, and...
Binance Celebrates Eid al-Adha with 1 BTC and 30,000 FDUSD Giveaway
In celebration of Eid al-Adha, Binance has announced an exciting challenge for users in the MENASA region. Participants have the chance to win a share of 30,000 FDUSD in token vouchers and one lucky winner will receive a 1 BTC token...
Forex and Cryptocurrency Forecast – Action Forex
EUR/USD: Hawkish Sentiments of the Fed As expected, the key day of last week was Wednesday, 12 June. After the publication of inflation data in the USA, the dollar came under strong pressure. Fresh figures showed that in May, the overall inflation rate (CPI) in annual...
NVIDIA Enhances RDMA Performance with DOCA GPUNetIO
NVIDIA has unveiled new capabilities for its DOCA GPUNetIO library, enabling GPU-accelerated Remote Direct Memory Access (RDMA) for real-time inline GPU packet processing. This enhancement leverages technologies such as GPUDirect RDMA and...
SingularityNET (AGIX): Understanding the Key Differences Between Narrow AI and AGI
Artificial intelligence (AI) has been a transformative force in our world, impacting individuals and industries globally. However, not all AI is created equal. The field of AI spans a wide spectrum from Narrow AI, which is specialized and...
Binance to Support Chiliz (CHZ) Network Upgrade and Hard Fork
Binance has announced that it will support the upcoming Chiliz (CHZ) network upgrade and hard fork. According to Binance, the upgrade is scheduled to take place on June 17, 2024, at approximately 08:00 UTC. In preparation for this,...
Leonardo.Ai Unveils Comprehensive Webinar Guide for AI-Powered Image Generation
Leonardo.Ai has recently released a comprehensive guide through its webinar titled Leonardo 101: Welcome to Leonardo.Ai. The session, led by Senior Creative Technologist Jessie Hughes, provided participants with an in-depth look at the...
HKMA Broadens Mortgage Insurance Programme Eligibility Criteria
In a recent announcement, the Hong Kong Monetary Authority (HKMA) has made technical adjustments to the Mortgage Insurance Programme (MIP), according to the Hong Kong Monetary Authority. These changes align with the countercyclical...
Rabby Wallet Integrates IOTA EVM to Enhance Multi-Chain DeFi Experience
Rabby, a Web3 wallet developed by DeBank, has integrated IOTA's Ethereum Virtual Machine (EVM), significantly enhancing the multi-chain decentralized finance (DeFi) experience for its users, according to the IOTA Foundation Blog.Enhanced...
OKX Adjusts Minimum Trade Amounts for Spot Trading Pairs
Overview of Adjustments Leading cryptocurrency exchange OKX has announced upcoming changes to the minimum trade amounts for several spot trading pairs, effective June 14, 2024. The adjustments aim to enhance market liquidity and improve...
Inflation is widening the divide between how the wealthy and everyone else sees the economy
A steadily growing economy and low unemployment have helped to ease some of the pain of high inflation, but middle- and low-income Americans say they are feeling more stress.
This crypto ETF could give you income and hedge inflation
Ether ETF with a ‘staking’ feature would offer something bitcoin ETF doesn’t — potential for capital appreciation and dividends.
EUR/CHF Weekly Outlook – Action Forex
EUR/CHF’s sharp decline last week suggests that rise from 0.9252 has already completed at 0.9928 already. Initial bias stays on the downside this week. Sustained trading below 61.8% retracement of 0.9252 to 0.9928 at 0.9510 will raise the chance of long term down...
These stock sectors have fallen so much they now look attractive, analyst says
The sharp selloffs some sectors have been seeing relative to the broader market could be a sign of underlying weakness, but Janney analyst Dan Wantrobski says they are actually presenting near-term buying opportunities.
Uniswap (UNI) Integrates ZKsync for Enhanced Trading Experience
Uniswap (UNI), a leading decentralized exchange, has announced the integration of ZKsync, a Layer 2 scaling solution, into its platform. This development aims to provide users with lower gas fees and faster transaction times, enhancing...
USD/CAD Weekly Outlook – Action Forex
USD/CAD edged higher to 1.3790 last week but retreated since then. Intraday bias remains neutral this week first. Corrective fall from 1.3845 should have completed already. Further rally is expected as long as 1.3662 support holds. Break of 1.3790 will target a retest...
AUD/USD Weekly Report – Action Forex
AUD/USD stayed in range of 0.6575/6713 last week and outlook is unchanged. Initial bias remains 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 0.6713...
Baby boomers are retiring. Helping fill those work vacancies is government’s job.
This federally funded program successfully connects job seekers with employers. Give it the money it needs.
Bitcoin (BTC) Layer 2 Revolution: The Role of Ordinals in Sparking Innovation
The introduction of Ordinals has ignited a surge of innovation within Bitcoin’s ecosystem, particularly through various Layer 2 implementations. These include a variety of rollup-based Layer 2s, anchored-chains, sidechains, state...
USD/CHF Weekly Outlook – Action Forex
USD/CHF was supported by 0.8883 fibonacci level and recovered. But upside was capped by 0.8987 support turned resistance. Initial bias stays neutral this week first. On the downside, sustained break of 0.8883 fibonacci level will carry larger bearish implications and...
Gala Music Unveils NxWorries Mystery Box Featuring Exclusive Content
Gala Music has launched the NxWorries Mystery Box, a unique collaboration with Grammy-winning artist Anderson .Paak and producer Knxwledge, collectively known as NxWorries. This offering celebrates their new record, 'Why Lawd?', and...
Nvidia could pass Apple, Microsoft to become world’s most valuable company and first $4 trillion stock
CEO Jensen Huang is several moves ahead of Nvidia’s rivals, money manager Louis Navellier says.
These 4 S&P 500 stocks are helping to tame U.S. market volatility
Stocks not only can gain with the VIX at such extreme lows — they usually do.
GBP/USD Weekly Outlook – Action Forex
GBP/USD edged higher to 1.2859 last week, but subsequent decline argues that rise from 1.2298 has completed already, on bearish divergence condition in 4H MACD. Initial bias remains on the downside this week for 1.2633 resistance turned support first. Firm break there...
RBI slaps fine on Central Bank of India, Bangladesh bank on violations, ET BFSI
Mumbai: RBI has imposed penalties of Rs 1.5 crore and Rs 9.4 lakh on Central Bank of India and Bangladesh's Sonali Bank, respectively. The penalty on Centrl Bank is for its failure to comply with RBI directives on loans and advances and customer protection in...
NVIDIA Launches Nemotron-4 340B for Synthetic Data Generation in AI Training
NVIDIA has introduced Nemotron-4 340B, a new family of models designed to generate synthetic data for training large language models (LLMs) across various industries, including healthcare, finance, manufacturing, and retail, according to...
Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’
Jun 15, 2024 13:26 UTC | Updated: Jun 15, 2024 at 13:26 UTC By Raghav Sawhney Solana has brought major retail to various memecoins through the launch of pump.fun. There are a few token-launches that have gone absolute Nuts!Meme-coins are...
Scientists can now tell if you’ll get Alzheimer’s years in advance — with more than 80% accuracy
A breakthrough will help treatment and drug trials, scientists say.
USD/JPY Weekly Outlook – Action Forex
USD/JPY’s choppy rise from 151.86 resumed by breaching 157.70 resistance last week. Initial bias stays mildly on the upside this week. Further rally could be seen to retest 160.20 high. But upside should be limited there, at least on first attempt. On the downside,...
HDFC Bank may take infra bond route to raise around Rs 15,000 crore, ET BFSI
Mumbai: HDFC Bank is making market enquiries about the issuance of infrastructure bonds worth around ₹10,000-15,000 crore as India's largest lender by market value looks to garner long-term capital and meet the reserve requirements arising out of its last-year merger...
EUR/USD Weekly Outlook
Euro’s strong decline last week suggests that rebound from 1.0601 has already completed as a correction to 1.0915. Initial bias stays on the downside this week for retesting 1.0601 low first. Firm break there will target channel support at 1.0510 next. On the...
LangChain Releases New Features to Enhance User Experience
LangChain has announced a series of new features and updates aimed at enhancing user experience across its various platforms, including LangSmith, LangGraph, and its generative UI applications, according to LangChain Blog.LangChain...
‘We get a raw deal’: On Father’s Day, here’s the worst thing you can do — and it doesn’t involve giving your dad a ‘crummy’ tie or tickets to see Taylor Swift
“It’s not about the money or even the card — it’s about the recognition for all the hard work dads do to put food on the table and pay the mortgage.”
9 banks make changes post RBI’s new guidelines on FDs, ET BFSI
Latest Fixed Deposit Terms: Following the Reserve Bank of India's (RBI) latest monetary policy meet, several major banks have adjusted their fixed deposit terms and interest rates in line with the new regulations. RBI governor Shaktikanta Das on Friday announced a...
EUR/AUD Weekly Outlook – Action Forex
EUR/AUD’s down trend resumed by breaking through 1.6211 support last week. While downside momentum is a bit unconvincing, there is no sign of bottoming yet. Initial bias is on the downside this week for 61.8% projection of 1.6679 to 1.6211 from 1.6418 at 1.6129. Firm...
Investors in recent Broadway shows could lose a staggering $200 million
Ahead of the Tony Awards on Sunday night, the industry has yet to regain its prepandemic form at the box office.
NVIDIA Introduces Five New Free Technical Courses for Developers
With the rapid pace of technological innovation driven by artificial intelligence (AI), keeping skills up to date is crucial for developers. The NVIDIA Developer Program is now offering five new free technical courses, designed to provide...
Sebi cancels registration of Grovalue Fin Services for violating market norms, ET BFSI
Markets regulator Sebi on Friday cancelled the certificate of registration of Grovalue Financial Services for flouting regulatory norms. The Securities and Exchange Board of India (Sebi) inspected the matters of Grovalue Financial Services, a Sebi-registered research...
EUR/GBP Weekly Outlook – Action Forex
EUR/GBP fell sharply to 0.8396 last week but recovered since then. Initial bias is neutral this week for consolidations first. But outlook will remain bearish as long as 0.8482 support turned resistance holds. Below 0.8396 will resume larger down trend to 0.8376...
Will Nvidia spur a stock-split frenzy? Why companies have been waiting longer to split.
Companies like Broadcom and Chipotle say lower stock prices are more accessible. But the prevailing mindset has been that a higher price signals companies are “doing something right.”
TRAI meets RBI, SEBI, IRDAI, and telecom operators to tackle spam calls, ensure consumer protection, ET BFSI
The Telecom Regulatory Authority of India (TRAI) convened a pivotal meeting today, bringing together representatives from the Reserve Bank of India (RBI), the Securities and Exchange Board of India (SEBI), the Insurance Regulatory and Development Authority of India...
Veronica Miller’s Journey from Eritrean Refugee to NVIDIA Technical Program Manager
Veronica Miller, an Eritrean refugee who fled her homeland with her family to escape an ongoing war, has found a new life and career success in the United States. According to the NVIDIA Blog, Miller now serves as a Technical Program...
How much do you need to earn to buy your first home? Here’s what the typical home buyer looks like today.
Thinking of buying a house? You’ll probably need to make nearly six figures — and have $13,000 in the bank — to achieve that dream, according to a new report.
EUR/JPY Weekly Outlook – Action Forex
EUR/JPY engaged in sideway trading most of last week but late break of 168.01 support is inline with the case that rise from 164.01 has completed already. Initial bias is back on the downside this week. Sustained trading below 55 D EMA (now at 167.41) will extend the...
Candy makers face steep cocoa prices, get creative
Dried cocoa beans at the Somos Cacao farm and production facility in Ragonvalia, Norte de Santader department, Colombia, on Friday, March 22, 2024. Ferley Ospina | Bloomberg | Getty ImagesThere's pricing pressure taking hold of a specific corner of global agriculture...
Bombay High Court orders Bank of Baroda to refund Rs 76 lakh in cyber fraud case, ET BFSI
In a significant ruling highlighting the growing issue of cyber fraud, the Bombay High Court directed the Bank of Baroda (BoB) to refund Rs 76 lakh to a company that had fallen victim to online fraud. This decision, based on a July 2017 Reserve Bank of India (RBI)...
US based Wells Fargo bank fires several employees for faking work using keyboard simulation, ET BFSI
A bank in the United States reportedly fires several employees for faking work.As per a report of Bloomberg, Wells Fargo & Co recently terminated more than a dozen employees in its wealth and investment management division. These terminations occurred last month...
NVIDIA and Stanford Collaborate to Develop Lightweight XR Glasses Using AI
NVIDIA, in collaboration with Stanford University’s Computational Imaging Group, is pioneering the development of smaller and lighter extended reality (XR) glasses using artificial intelligence (AI). This innovative research aims to...
Reports of the petrodollar system’s demise are ‘fake news’ — here’s why
Stories about the collapse of a longstanding “petrodollar” agreement between the U.S. and Saudi Arabia spread like wildfire on social media. But the agreement never existed.
GBP/JPY Weekly Outlook – Action Forex
GBP/JPY’s up trend resumed last week and edged higher to 201.59, but retreated notably since then. Initial bias is turned neutral this week first. Further rally is expected as long as 197.18 support holds. However, considering bearish divergence condition in 4 H MACD,...
South Africa’s Ramaphosa re-elected as ANC strikes coalition deal
President of the African National Congress (ANC) Cyril Ramaphosa (C) gestures after he was announced president after members of parliament voted during the first sitting of the New South African Parliament in Cape Town on June 14, 2024.Wikus De Wet | Afp | Getty...
Sensex, Nifty at all-time high as inflation cools this week, ET BFSI
Mumbai, Indian stock markets closed at an all-time high in the last week. This is the second consecutive week when Indian frontline indices Sensex and Nifty made a new all-time high of 77,145 and 23,490 respectively.In the last week that ended on June 14, Sensex...
These numbers show that banks’ risk from office real estate has been exaggerated
Christopher Marinac of Janney Montgomery Scott says banks are providing a lot of information that is being ignored.
Sharp Declines in Euro and European Markets Triggered by French Political Drama
Global financial markets were abuzz with several high-profile events last week, including critical meetings of Fed and BoJ, alongside release of US inflation data. However, it was the escalating political turmoil in France that captured the most attention,...
‘She won’t be happy until he’s in a homeless shelter’: My sister wants our father to refinance his $1.2 million home to pay off her $120,000 debt
June 15 is World Elder Abuse Awareness Day.
Top 10 Uses of Streaming Speech-to-Text Technology Today
Streaming Speech-to-Text technology, also known as live transcription, is transforming how various industries operate by converting real-time audio streams into accurate text. This technology is enhancing interactions and accessibility in...
AGS Transact looks to widen ATM footprint, BFSI News, ET BFSI
Mumbai: India's second largest ATM manufacturer AGS Transact Technologies is aiming to deploy more than 3,000 ATMs in the current fiscal year. After the industry stagnated during the Covid period, banks have once again started adding branches which is seen to give a...
Housing and Retail Sales Data to Show Canadians Continue to Hold Back
Economic data in the week ahead should show further softening in Canadian (per-person) household spending before the Bank of Canada pivoted to lower interest rates in June. Early reports from regional real estate boards suggested housing markets were in a holding...
G7 confronts China on commerce, pope talks about AI
Italian Premier Giorgia Meloni receives Pope Francis as he arrives at the G7 Leaders Summit on day two of the 50th G7 summit at Borgo Egnazia on June 14, 2024 in Fasano, Italy.Vatican Pool | Getty Images News | Getty ImagesPope Francis made an historic appearance at...
As Nvidia soars, the stock market’s deflated laggards spark concern
America may love a winner, but it’s the losers — and there are lots of them in the stock market — that are starting to attract attention.
Weekly Economic & Financial Commentary: Inflation Cools as Summer Begins
Summary United States: Inflation Cools as Summer Begins A bevy of soft inflation data for May fueled optimism that the Federal Reserve will begin cutting rates at the September FOMC meeting. On Wednesday, the May CPI data showed that consumer prices were unchanged in...
Forex reserves surge by $4 billion to $655.8 billion, a record high, ET BFSI
Mumbai: The country's foreign exchange reserves surged to a record high of $655.8 billion on June 7, 2024, marking an increase of $4.3 billion over the week.The increase in reserve was largely because of the rise in foreign currency assets which rose by $3.8 billion...
What Wells Fargo’s ‘mouse-jiggler’ scandal says about the problem with work right now
Devices that help people fake time at their desks may also be a symptom of employees struggling to keep up with the always-on, always-available expectations of their jobs.
B3 Launches AI Assistant to Educate Brazilian Investors
B3, Brazil's stock exchange, has introduced a new AI assistant designed to help Brazilians better understand and navigate the world of investing. This innovative tool aims to address the surge in individual investors in Brazil, which has...
The Weekly Bottom Line: The Data Will Light the Way
U.S. Highlights In a widely expected move, the Federal Reserve held the policy rate steady in the target range of 5.25%-5.5%. FOMC participants now expect fewer rate cuts this year, with the median projection showing just one cut by year-end (previously three)....
This spot-on recession indicator is flashing red
‘Schannep Recession Indicator’ typically triggers within six weeks of the start of a recession
4 Ways to Save for Retirement When You Work in the Gig Economy
Saving for retirement while working in the gig economy can help secure your future while also reducing your income taxes. There are several options for retirement contributions. While some contributions do not result in a tax deduction, investment earnings accumulate...
AssemblyAI Introduces German STT and Enhances PII Detection
AssemblyAI has announced significant upgrades to its services, including the addition of German Speech-to-Text (STT) in its Universal-1 model and enhancements to its Personally Identifiable Information (PII) and Entity Detection models,...
NBFC Akme Fintrade’s IPO to open on June 19, announces price band, ET BFSI
Udaipur-based non-bank financial company Akme Fintrade (India)'s IPO will open for subscription on June 19 and close on June 21. The issue is completely a fresh equity sale of Rs 1.10 crore shares of face value Rs 10 each.The IPO is priced in the range of Rs 114-120...
‘We, his children, do not trust her’: My elderly father is recently widowed. His new girlfriend is putting him under pressure to get married. What can we do?
“We are so worried she will convince him to sneak off and marry at the courthouse.”
DOJ won’t prosecute Merrick Garland for contempt over Biden tapes
U.S. Attorney General Merrick Garland departs for a recess during a House Judiciary Committee hearing entitled “Oversight of the U.S. Department of Justice”, in Washington, D.C., U.S., June 4, 2024. Anna Rose Layden | ReutersWASHINGTON — The Justice Department...
Summary 6/17 – 6/21
Monday, Jun 17, 2024 Tuesday, Jun 18, 2024 Wednesday, Jun 19, 2024 Thursday, Jun 20, 2024 Friday, Jun 21, 2024 The post Summary 6/17 – 6/21 appeared first on Action Forex.
OFAC Designates Nordic Resistance Movement as SDGT
The United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) has officially sanctioned the Nordic Resistance Movement, designating it as a Specially Designated Global Terrorist (SDGT) group. This action,...
Index funds are ruining the stock market
Passive investing is making market concentration worse, says new research
He was ‘meandering,’ ‘doesn’t know what he’s talking about’
WASHINGTON — Former President Donald Trump failed to impress everyone in a room full of top CEOs Thursday at the Business Roundtable's quarterly meeting, multiple attendees told CNBC."Trump doesn't know what he's talking about," said one CEO who was in the room,...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0709; (P) 1.0763; (R1) 1.0793; More…. Intraday bias in EUR/USD continues today and intraday bias stays on the downside for 1.0601 support. Firm break there will resume whole decline from 1.1138, as the third leg of the pattern from 1.1274, and...
CME Group fines BlackEdge Capital for alleged violations of Exchange rules
International derivatives marketplace CME Group has posted a notice of disciplinary action against BlackEdge Capital LLC. Pursuant to an offer of settlement in which BlackEdge Capital LLC neither admitted nor denied the rule violations or factual findings upon which...
This underrated Hasbro business is gaining traction amid weaker toy demand, analysts say
BofA analysts said Wall Street hasn’t appreciated the potential of the toy maker’s digital-gaming business, which they believe could help drive a rebound for the company next year.
Adobe shares surge and head for sharpest rally since 2020
Adobe CEO Shantanu Narayen speaks during an interview with CNBC on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., February 20, 2024. Brendan Mcdermid | ReutersAdobe shares surged 15% on Friday, the biggest gain since March 2020, after the...
HKMA Reports Increase in Exchange Fund Foreign Assets in May 2024
Foreign Assets SurgeThe Hong Kong Monetary Authority (HKMA) has announced a significant increase in the foreign assets of the Exchange Fund by the end of May 2024. According to the HKMA, the foreign assets, which represent the external...
Boeing and NASA delay Starliner astronaut return to June 22
A satellite image shows an overview of the International Space Station with the Boeing Starliner spacecraft, June 7, 2024. Maxar Technologies | Via ReutersBoeing's Starliner capsule "Calypso" will stay at the International Space Station twice as long as the mission...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2732; (P) 1.2770; (R1) 1.2802; More… GBP/USD’s break of 1.2687 support argues that rise from 1.2298 might have completed at 1.2859, on bearish divergence condition in 4H MACD. Intraday bias is back on the downside fro 1.2633 resistance turned...
Goolsbee is thrilled by low inflation readings but says Fed needs more proof that prices are easing
A slowdown in inflation in May was a big step in the right direction, Chicago Federal Reserve Bank President Austan Goolsbee said Friday, but prices need to decelerate further to support a reduction in U.S. interest rates.
LCC Trans-Sending Limited agrees not to take on new customers, funds or agents
Payment services firm LCC Trans-Sending Limited (LCC) has agreed that it will not onboard new customers, following action from the UK Financial Conduct Authority (FCA). On 10 June 2024, LCC closed to new business and stopped accepting funds from customers. To make...
‘Inside Out 2’ arrives in theaters for increasingly rare 100-day run
In Disney and Pixar's "Inside Out 2," Joy, Sadness, Anger, Fear and Disgust meet new emotions.Disney | PixarDisney is looking to bring a little joy to theaters with its upcoming release of Pixar's "Inside Out 2."Current expectations see the animated sequel easily...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8921; (P) 0.8945; (R1) 0.8962; More…. Range trading continues in USD/CHF and intraday bias remains neutral. On the downside, sustained break of 0.8883 fibonacci level will carry larger bearish implications and bring deeper decline. On the upside,...
French banking-sector bonds buckle as Paris awaits snap elections
Bonds issued by French banks have been selling off, along with government bonds and stocks, as Paris prepares for snap elections that aim to limit the role of the nation’s far-right party in the government.
Worldcoin (WLD) Expands Investment and Services in Argentina
Worldcoin (WLD) is poised to significantly expand its presence in Argentina, according to a recent announcement by the company. This move is expected to bring substantial direct investment into the country, enhancing its digital identity...
The Japanese yen fell to a six-week low after the Bank of Japan ended its meeting :: InvestMacro
By RoboForex Analytical DepartmentThe Japanese yen exchange rate paired with the US dollar looks unimpressive by the end of this week. The USD/JPY pair rose to almost 158.00 immediately after the end of the June meeting of the Bank of Japan, which left the interest...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 155.84; (P) 156.61; (R1) 157.49; More… Intraday bias in USD/JPY stays on the upside at this point. Choppy rise from 151.86 would continue to retest 160.20 high but strong resistance could be seen there to limit upside. On the downside, below 156.57...
Apple’s stock is leading the Dow this week — and could see more momentum ahead
If Apple shares sustain their gains, more long-only funds that are underweight Apple could pile into the name, one analyst noted.
Bond market’s rally may have more room to run: ‘What a week it’s been’
The $27 trillion U.S. government-debt market is about to conclude a momentous week of trading that’s sending the 10-year Treasury yield down to an 11-week low of 4.2% and could even have more room to run.
Sunset Market Commentary
Markets Outright risk-off from the start of trading today. French President Macron’s parliamentary election bet culminated in the current risk climate. The French president’s approval rating hit an air pocket and his Renaissance party is burnt. Nobody, stretching from...
Bitfinex to List zkSync’s Native Token ZK, Enhancing Ethereum Scalability
Bitfinex, a premier digital asset trading platform, has announced that it will be listing ZK, the native token of zkSync, according to Bitfinex Blog. zkSync is a Layer-2 rollup protocol designed to scale Ethereum. zkSync Protocol and Its...
Binance to Support Token Merge for Fetch.ai (FET), Ocean Protocol (OCEAN), and SingularityNET (AGIX)
Binance, a leading cryptocurrency exchange, has announced its support for the upcoming token merge involving Fetch.ai (FET), Ocean Protocol (OCEAN), and SingularityNET (AGIX). These tokens will be merged into a single token known as...
9 banks make changes post RBI’s new guidelines on FDs, ET BFSI
Latest Fixed Deposit Terms: Following the Reserve Bank of India's (RBI) latest monetary policy meet, several major banks have adjusted their fixed deposit terms and interest rates in line with the new regulations. RBI governor Shaktikanta Das on Friday announced a...
The Supreme Court sided with Starbucks in its labor dispute. One expert says it probably won’t stop people from unionizing.
Starbucks Workers United said the ruling “underscores how the economy is rigged against working people.” The coffee chain, meanwhile, said it levels the playing field.
Weekly Focus – Political Uncertainty on the Rise in Europe
This week was dominated by events in the US. The FOMC kept policy rate unchanged at its Wednesday meeting as widely expected. The median of the updated dot plot now signals only one cut for this year, but it remains a close call. While four members expect no cuts,...
Americans really hate inflation. But is it actually worse than a recession?
Some consumers seem to prefer an economic downturn to inflation, the Minneapolis Fed president said. MarketWatch asked economists which is worse.
Google-backed Tempus AI pops by as much as 15% in Nasdaq debut
Tempus AI, a health-care diagnostics company that uses AI to interpret medical tests to help physicians provide more accurate treatment for their patients, rose by as much as 15% in its Nasdaq Stock Market trading debut on Friday, after going public under the ticker...
Alex Jones’ personal assets to be sold to help pay Sandy Hook debt
A federal judge on Friday ordered the liquidation of conspiracy theorist Alex Jones′ personal assets and was still deciding on his company's separate bankruptcy case. The decision could determine the future of his Infowars media platform, as Jones owes $1.5 billion...
Binance Announces Scheduled Wallet Maintenance for BNB Smart Chain (BEP20)
Binance, a leading cryptocurrency exchange, has announced a scheduled wallet maintenance for the BNB Smart Chain (BEP20) network. According to Binance, the maintenance will commence on June 17, 2024, at 07:00 (UTC). Suspension of Deposits...
RBI imposes Rs 1.45 Crore penalty on Central Bank of India, BFSI News, ET BFSI
The Reserve Bank of India has imposed a monetary penalty of ₹1,45,50,000 on the Central Bank of India, citing deficiencies in regulatory compliance.The penalty follows the findings of the Statutory Inspection for Supervisory Evaluation (ISE 2022) conducted by the RBI...
Bank of England Preview – Laying the Groundwork for an August Cut
We expect the Bank of England (BoE) to keep the Bank Rate unchanged at 5.25% on 20 June, which is in line with consensus and current market pricing. Overall, we expect the MPC to stick to its current communication, priming the markets for a forthcoming start to a...
EPFO undertakes multiple systemic reforms to enhance ease of doing business; improve ease of living, ET BFSI
The Employees’ Provident Fund Organisation on Friday said the number of auto transfers generated by the retirement fund body has increased threefold from two lakh in April 2024 to six lakh in May 2024 while more than 25 lakh advance claims have been settled on auto...
Why Roaring Kitty is a GameStop ‘true believer’
Influential trader Keith Gill, also known as Roaring Kitty, is a “true believer” in GamepStop Corp., according to Derek Horstmeyer, a professor of finance at the Costello College of Business at George Mason University. Gill this week increased his stake in...
Week Ahead – RBA, SNB and BoE Next to Secide, CPI and PMI Data Also on Tap
It will be another central-bank-heavy week with the RBA, SNB and BoE None are expected to cut but there’s room for surprises Retail sales will be the highlight in the United States Plenty of other data also on the way, including flash PMIs and UK CPI RBA is in a...
Cyprus court upholds €20K fine against former CommexFX CFO Vladimiros Germanos
Cyprus financial regulator CySEC has announced that the country’s Administrative Court has upheld the decision of CySEC to impose an administrative fine on Vladimiros Germanos, dating back to his time as the Chief Financial Officer (CFO) of now-defunct Retail FX and...
SBI sanctioned 20,000 digital small biz loans up to Rs 50 lakh since Dec: Official, ET BFSI
Mumbai, State Bank of India (SBI) has sanctioned around 20,000 loans of Rs 10 lakh to Rs 50 lakh for small businesses as part of a digital lending pilot that started in December, a senior official said on Friday. Having been satisfied with the results of the pilot,...
Are you experienced? How your years in the labor force could work against you.
When having work experience is a bad thing: Older workers are “discounted simply because of their age.”
SFC Commends Progress on Mainland-Hong Kong Mutual Recognition of Funds Enhancement
The Securities and Futures Commission (SFC) has expressed its approval of the recent advancements in the implementation of enhancements to the Mainland-Hong Kong Mutual Recognition of Funds (MRF) initiative, according to apps.sfc.hk. Key...
WTI Oil Week Ahead: WTI Eyes $80 a Barrel on Demand Optimism
WTI Oil on course for its best week in over two months. WTI unfazed as OPEC and IEA forecast paint differing demand pictures. WTI eyeing trendline break and psychological $80 a barrel mark. Fundamental Overview and Week in Review WTI oil prices are experiencing a...
Trai meets BFSI regulators, companies to use 160 series for voice calls, ET BFSI
The telecom regulator has met financial sector regulators and top banks to discuss the efficient use and implementation of the 160-series numbering series which has been newly allocated for transactional and service calls.Last month, in an attempt to reduce pesky...
Trading watchdog FINRA’s new post-COVID work-from-home rules ‘causing headaches’
Industry members say changes are confusing financial-services firms.
Microsoft to delay launch of AI Recall tool due to security concerns
Microsoft CEO Satya Nadella speaks during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024.Jason Redmond | AFP | Getty ImagesMicrosoft will no longer ship Recall, an artificial intelligence tool that tracks user...
Clients of FCI Markets encouraged to submit claims to FSCS
The UK Financial Services Compensation Scheme (FSCS) has provided an update to clients of Foreign Currency Innovations Ltd, trading as FCI Markets. The brokerage has been authorised by FCA since July 2014. FCI offered a range of brokerage services including contracts...
Tax Considerations for College Students
With college classes starting throughout the year, it’s important to consider your taxes year-round because there are several tax credits that can help reduce your tax burden. Because these tax credits can lower your tax liability, it’s important to look ahead during...
RBA Preview: Comforts and Confidence
The RBA Board is expected to leave the cash rate unchanged at next week’s meeting. The recent data-flow will provide some comfort that restrictive policy is bringing inflation back under control, but the path is still uncertain. Vigilance remains the order of the day...
Arm’s latest bit of good news? Respect from a high-profile index.
Arm’s stock is heading for its fifth day in a row of gains — and soon it will be part of the Nasdaq-100.
HKMA Adjusts Countercyclical Measures for Property Mortgage Loans
The Hong Kong Monetary Authority (HKMA) has issued a circular to banks detailing technical adjustments to the countercyclical macroprudential measures for property mortgage loans, initially announced on February 28, 2024, according to the...
SEC charges Twenty Acre Capital for misleading ads
The Securities and Exchange Commission (SEC) today announced charges against registered investment adviser Twenty Acre Capital LP for misleading, and not fair and balanced, performance advertising. According to the SEC’s order, from at least November 2021 through...
Yes Bank founder Rana Kapoor gets bail, walks out of jail after 4 years, ET BFSI
On Friday, Yes Bank co-founder Rana Kapoor walked out of Taloja Central Prison after over four years of undertrial incarceration. Special trial judge M G Deshpande of a sessions court granted him bail in the Avantha case on executing a personal bond of Rs 2 lakh,...
NRI deposits surge, thanks to India’s strong post-pandemic report card, ET BFSI
India's robust post-pandemic economic performance has provided a stable foundation for the surge in NRI deposits, reflecting confidence in the country's financial stability and growth prospects. A new study on trends in NRI deposits by Bank of Baroda has shown the...
Consumer sentiment falls to 7-month low on worries over inflation and weaker incomes
Consumer sentiment index drops to 65.6 in June from 69.1
EUR/USD: Extends Steep Fall as Political Uncertainty Sours the Sentiment
EURUSD extends sharp fall into second straight day and trading near the lowest in 1 ½ month low on Friday. Fresh risk aversion on growing political uncertainty in France, with tremors hitting the whole euro-bloc, put the single currency under strong pressure. The pair...
Hunters On-Chain Revolutionizes Blockchain Gaming with NFT Integration
Hunters On-Chain, a blockchain-based battle royale game, is making waves in the gaming world by offering players true asset ownership through non-fungible tokens (NFTs), according to immutable.com.Enter the Hunting GroundsIn Hunters...
‘Don’t be a cruise snob’: How I learned to love sailing on the high seas
In the post-pandemic world, cruising has become an increasingly popular vacation choice — and for good reason, the author argues
Fed’s Mester urges caution despite positive inflation data
Cleveland Fed President Loretta Mester expressed cautious optimism in an CNBC interview today, acknowledging the positive trend in the latest May CPI data. “It is welcome to see that inflation is moving back down again,” Mester stated. However, she stressed the need...
Bank of Maharashtra Makes NRI Banking Easier with Its NRI Banking Solutions, ET BFSI
SMPLNew Delhi [India], June 13: The rise of globalization has enabled individuals to work and live abroad, creating a need for cross-border financial management. Non-Resident Indians (NRIs), for instance, face a complex financial landscape that requires careful...
WriterDuet Integrates Leonardo’s AI to Revolutionize Screenwriting
WriterDuet, a prominent screenwriting software provider, has integrated Leonardo.AI's generative technology to enhance the screenwriting process. This collaboration aims to provide writers with AI-powered visuals and trailers for their...
Foreign banks bought nearly $1 billion of India bonds on Thursday, data shows, ET BFSI
By Dharamraj DhutiaMUMBAI - Foreign banks bought Indian government bonds worth 80.38 billion rupees ($962.2 million) on Thursday, the biggest single-session purchase since Feb. 1, data from Clearing Corp of India showed.These banks stepped up purchases after a...
Popular tech-sector ETF could see major shakeup as Apple, Microsoft and Nvidia jockey for position
One popular passive exchange-traded fund could soon see a major shakeup with potentially serious ramifications for the technology stocks that have been driving much of the market’s gains in 2024.
Euro Resumes Decline as French Bond Risk Premium Surges Amid Political Turmoil
Euro is once again capturing market attention today as this week’s significant selloff resumes. The steep decline has been driven by rising political tensions in France, as the snap parliamentary election called by President Emmanuel Macron has heightened investor...
Axis Bank’s retail head quits; new compliance chief named, BFSI News, ET BFSI
Sumit Bali, the current group executive for retail lending at Axis Bank resigned from his role on Wednesday. His last working day will be June 16, the bank said.Bali had joined Axis in 2020. Before joining the bank, Bali was the CEO of IIFL Finance for two years. He...
Zscaler’s stock has been a laggard this year. Why JPMorgan says it can rise 25%.
Zscaler shares are down 18% so far this year, and JPMorgan sees a buying opportunity in the cybersecurity name.
German DAX: Torpedoed by Rising Geopolitical Risk Premium in Eurozone
The rising power and influence of the EU’s far-right political parties have spooked European financial markets. A poll has indicated prominent French far-right National Rally party is leading by a significant margin over the incumbent President Macron’s party for the...
A Comprehensive Guide to Purchasing NFTs on the Immutable (IMX) Ecosystem
As the popularity of blockchain gaming continues to rise, many players are looking to enhance their gaming experience by purchasing non-fungible tokens (NFTs). According to immutable.com, the Immutable (IMX) Ecosystem offers several...
India’s trade deficit in May widens to $23.78 billion; exports rise 9%, ET BFSI
India's trade deficit widened to $23.78 billion, lower than economists' expectation of $19.5 billion, according to a Reuters poll.The country's merchandise exports rose by 9 per cent to $38.13 billion in May from a year earlier, helped by an increase in shipments of...
Import prices fall sharply in another sign of fading inflation
The cost of imported goods fell in May by the largest amount since the end of last year, adding to recent evidence inflation might be slowing again.
Jared Kushner investments included bet on Amazon aggregator Unybrands
A video of Jared Kushner is shown on a screen, as the House select committee investigating the Jan. 6 attack on the U.S. Capitol holds a hearing at the Capitol in Washington, Thursday, July 21, 2022. Alex Brandon | ReutersIn March 2022, Jared Kushner was called to...
Terraform, Do Kwon to pay $4.5bn following fraud verdict
The Securities and Exchange Commission (SEC) has announced that Terraform Labs PTE, Ltd. and Do Kwon agreed to pay more than $4.5 billion following a unanimous jury verdict holding them liable for orchestrating a years-long fraud involving crypto asset securities that...
Christina Lewis launches Beatrice Advisors multifamily office
Christina Lewis, founder of Beatrice Advisors, at her home office with a portrait of her father, Reginald Lewis.Cindy JohnsonChristina Lewis had her first asset allocation meeting with her wealth manager when she was 13.“I remember the meeting well,” Lewis said. “It...
India bond market to wait for fiscal roadmap clarity before next rally, says Citi, ET BFSI
Investors are likely to await clarity on India's fiscal consolidation path in the forthcoming government budget before propelling the next leg of a bond market rally, a top Citi India executive said.The benchmark bond yield was at 6.99%, down 19 basis points so far in...
EURUSD in a Dramatic Downfall
EURUSD corrects sharply down to 1½-month low; gives up previous gains Technical signals remain bearish; support expected near 1.0650-1.0660 EURUSD continued to sink for the second consecutive day on Friday, reversing entirely its post-US CPI upturn and trimming a...
Israeli 3-D printing company Xjet pulls its planned IPO
The company was planning to raise $6 million at a $77 million market cap. Proceeds of the deal were to be used for working capital, but also to fund acquisitions of new businesses or technology.
HKMA Warns Public About Fraudulent Website Impersonating Ant Bank (Hong Kong) Limited
The Hong Kong Monetary Authority (HKMA) has issued a warning to the public regarding a fraudulent website that appears to be associated with Ant Bank (Hong Kong) Limited. This alert follows a press release from Ant Bank, which reported...
CME Group, CF Benchmarks to launch additional cryptocurrency pricing products
Effective Monday, June 17, shortly after 10 a.m. London time, pending completion of all regulatory review periods, CME Group and CF Benchmarks will launch additional cryptocurrency pricing products designed to provide clients with transparent, robust, reliable...
Pentagon picks Blue Origin, SpaceX, ULA in $5.6 billion rocket program
A mass simulator version of a New Glenn rocket is moved for testing in November 2021.Blue OriginThe Pentagon announced the first winning bidders in its rocket launch contract sweepstakes on Thursday, with Jeff Bezos' Blue Origin grabbing a spot for the first time.Blue...
EUR/AUD Daily Outlook – Action Forex
Daily Pivots: (S1) 1.6146; (P) 1.6210; (R1) 1.6245; More… Intraday bias in EUR/AUD remains neutral at this point, and outlook stays bearish with 1.6418 resistance intact. On the downside, break of 1.6173 will resume the decline from 1.6742, as the third leg of the...
WPI inflation remains benign, likely to normalise by Sept-Oct: Experts, ET BFSI
New Delhi, The inflation in food articles is expected to rationalise by September-October as many of the kharif crops will enter the markets and supplement the existing supply, industry experts said on Friday.According to figures released by the Commerce Ministry,...
Oil prices on track for weekly gains, rebounding from post-OPEC+-decision slide
Oil futures were little changed early Friday, remaining on track for solid weekly gains that have more than erased the tumble seen after OPEC+ on June 2 announced a plan to begin phasing in the return of around 2.2 million barrels a day of crude later this year.
Are banks open on Saturday, June 15?, ET BFSI
In India, the second and fourth Saturdays of each month as well as all Sundays are closed to operations for both private and public sector banks. Bank customers must thus confirm that the banks are open on that specific Saturday prior to visiting the branch.The...
OKX Ventures Joins as Founding Member of SOFA.org to Enhance DeFi Ecosystem
OKX Ventures Becomes Founding Member of SOFA.orgOKX Ventures, the investment arm of the prominent crypto exchange and Web3 technology company OKX, has officially joined SOFA.org as a founding member, according to a recent announcement...
GameStop’s stock pares back gains as Roaring Kitty grows stake
Influential trader Keith Gill, also known as “Roaring Kitty” has grown his stake in video game retailer and original meme stock GameStop.
Russia’s Putin outlines conditions for peace talks with Ukraine
Russian President Vladimir Putin speaks during his meeting with scientists while visiting the Joint Institute for Nuclear Research on June 13, 2024 in Dubna, Russia.Contributor | Getty Images News | Getty ImagesRussian President Vladimir Putin on Friday set out the...
EUR/GBP Daily Outlook – Action Forex
Daily Pivots: (S1) 0.8399; (P) 0.8428; (R1) 0.8444; More… EUR/GBP’s fall resumed after brief recovery and intraday bias is back on the downside. Current down trend should target 0.8376 projection level next. For now, risk will remain on the downside as long as 0.8457...
Australian regulator cancels AFS licence of Sug Ou Jeung
The Australian Securities and Investments Commission (ASIC) has cancelled the Australian financial services (AFS) licence of Sydney-based financial services provider Sug Ou Jeung. The licence cancellation took effect on 3 June 2024. The licence was cancelled after...
10-year benchmark sovereign bond yield slips below 7% as inflation cools in India and US, ET BFSI
India’s 10-year benchmark sovereign bond yield retreated below 7% on lower than expected domestic and US inflation prints, although calling the formal start to an easing cycle is rather difficult still after last week's Mint Road assertion that domestic conditions...
WPI Food Index increased from 5.52 pc in April to 7.40 pc in May, ET BFSI
New Delhi [India], June 14 (ANI): Wholesale food prices have skyrocketed month-on-month in May, with official data showing that the Whole Price Index for food rising from 5.52 per cent in April to 7.40 per cent in May.In the food basket, cereals, paddy, pulses,...
Filecoin (FIL) Launches Onboarding Innovation Grants Program to Boost Data Onboarding
The Filecoin (FIL) ecosystem has announced a significant new initiative aimed at fostering innovation in data onboarding. The Onboarding Innovation Grants Program, supported by the Filecoin Foundation and Protocol Labs, aims to...
When stock markets are a mess, this asset is a great guide to risk appetite
There’s a handy tool for gauging underlying sentiment in a messy, volatile stock market.
What is TensorFlow in Neural Network?
Machine learning has been one of the most complex disciplines in the domain of technology. Interestingly, it is easier to deploy machine learning models with tools like TensorFlow by Google. The tech giant released the open-source framework in November 2015 and...
GBPJPY Bounces to 14-Year High; Eyes on 201 Resistance
GBPJPY stepped on the long-term ascending line at 200 and jumped to a new 14-year high of 201.59 in the BoJ aftermath on Friday with scope to continue its long-term positive trend. The short-term risk is more on the upside than on the downside. Specifically, the...
Clarence Thomas omitted three more Harlan Crow trips: Top senator
Supreme Court Justice Clarence Thomas (L) and billionaire Harlan Crow.Getty ImageSupreme Court Justice Clarence Thomas has omitted at least three private jet trips gifted by Republican megadonor Harlan Crow from his annual financial disclosures, a top Senate Democrat...
Interactive Brokers enhances Student Trading Lab
Electronic trading major Interactive Brokers continues to add features to the Student Trading Lab. The Student Trading Lab is a free online resource for college and high school educators looking to blend finance, blockchain and/or computer science classwork with...
If you’re a retiree and you need income, grab these savings rates while you can
If inflation forecasts keep plunging, interest rates will follow.
Rajib Kumar Mishra ceases to be chairman of PFS, CMD of PTC India after Sebi’s order, ET BFSI
Rajib Kumar Mishra ceased to be chairman of PTC India Financial Services Ltd (PFS) as well as CMD of PTC India Ltd following the order passed by markets regulator Sebi that restrained him from holding the director's post for six months, the two companies said on...
Eurozone exports rises 14.0% yoy, imports up 1.8% yoy in Apr
Eurozone goods exports rose 14.0% yoy to EUR 247.6B in April. Goods imports rose 1.8% yoy to EUR 232.5B. Trade balance showed EUR 15.0B surplus. Intra-Eurozone trade rose 5.8% yoy to EUR 222.89B. In seasonally adjusted term, goods exports rose 3.1% mom to EUR 245.3B....
A 60% fall! Does falling FDI call for policy recalibration?, BFSI News, ET BFSI
The Reserve Bank of India (RBI) reported that net foreign direct investment (FDI) flows into India dropped 62% over the last fiscal year to USD 10.6 bn in FY24, the lowest since 2007.It cites that out of the gross FDI inflow of USD 70.9 bn, foreign companies...
Riot Platforms Acquires 14% Stake in Bitfarms Ltd.
Riot Platforms, Inc. has announced the acquisition of a 14% stake in Bitfarms Ltd., according to a recent press release by Riot Platforms. This move is part of Riot's broader strategy to influence corporate governance within Bitfarms....
‘I am paralyzed’: I have $68,000 in credit-card debt. I have a $250,000 mortgage and earn $55,000. How can I dig myself out of this trap?
“This is all so stressful — and it’s all I think about.”
OpenAI adds former NSA chief to its board
Paul Nakasone, director general of the National Security Agency, testifies during a hearing of the Senate Select Committee on Intelligence about worldwide threats, on Capitol Hill in Washington, April 14, 2021.Saul Loeb | Pool | ReutersOpenAI on Thursday announced its...
Exclusive: Tickmill names Nicholas Baumer CCO, hiring new CMO
FNG Exclusive… FNG has learned that leading Retail FX and CFDs broker Tickmill is making some senior management rank changes, beginning with the promotion of Nicholas Baumer to the position of Chief Commercial Officer (CCO). Nicholas Baumer joined Tickmill in Cyprus...
More aid can be backed by Russian assets
U.S. Treasury Secretary Janet Yellen speaks to the Economic Club of New York in New York City, U.S., June 13, 2024.Brendan McDermid | ReutersU.S. Treasury Secretary Janet Yellen said Thursday that the $50 billion loan to Ukraine that President Joe Biden and other...
Japanese Yen Fell to a Six-Week Low after Bank of Japan Ended Its Meeting
The Japanese yen exchange rate paired with the US dollar looks unimpressive by the end of this week. The USD/JPY pair rose to almost 158.00 immediately after the end of the June meeting of the Bank of Japan, which left the interest rate unchanged. Everything went...
Banks closed for 13 days in June 2024, BFSI News, ET BFSI
The fourth month of the new financial year will have as many as 13 bank holidays as per the list of holidays released by the Reserve Bank of India (RBI). This includes the weekend holidays, i.e., the second and fourth Saturdays and all Sundays. The month of July will...
Take a look inside Shirley MacLaine’s New Mexico ranch
After appearing on and off the market over the past year, Shirley MacLaine‘s Pueblo-style ranch in Santa Fe, N.M., has finally sold.
Tesla shareholder Elon Musk pay package at annual meeting
Tesla shareholders on Thursday voted to ratify CEO Elon Musk's mammoth 2018 pay plan, five months after a judge in Delaware ordered the company to rescind the package, finding it had been improperly granted by the board.At Tesla's annual meeting in Austin, Texas, the...
RBI’s ASISO system faces glitch, BFSI News, ET BFSI
The RBI on Tuesday witnessed a technical glitch in the facility that allows banks to either deploy surplus funds or borrow money from the central bank, market participants said.Bank treasury executives said the central bank's Automatic Sweep-In and Sweep-Out (ASISO)...
BIS and MAS launch Project Viridis to tackle climate-related financial risks, ET BFSI
In a collaborative effort aimed at addressing climate-related financial risks, the Bank for International Settlements (BIS) and the Monetary Authority of Singapore (MAS) have introduced Project Viridis. This initiative seeks to integrate climate and regulatory data to...
GBPJPY bBounces to 14-Year High; Eyes on 201 Resistance
GBPJPY stepped on the long-term ascending line at 200 and jumped to a new 14-year high of 201.59 in the BoJ aftermath on Friday with scope to continue its long-term positive trend. The short-term risk is more on the upside than on the downside. Specifically, the...
FSCS confirms nine firms declared in default in April and May 2024
More consumers could be in line for compensation as the UK Financial Services Compensation Scheme (FSCS) confirmed nine firms were declared in default in April and May 2024. These firms have gone out of business and are unable to meet any claims themselves. Customers...
Tesla’s scare tactics worked to win shareholder approval of Elon Musk’s pay, but problems remain
Many Tesla Inc. shareholders bought into the veiled scare tactics about keeping Chief Executive Elon Musk motivated at the electric-vehicle maker, as they ratified his massive, $46 billion stock plan Thursday.
Adobe (ADBE) Q2 earnings report 2024
Shantanu Narayen, CEO of Adobe being interviewed by Jim CramerLinda Dimyan | CNBCAdobe shares jumped 17% in extended trading on Thursday after the design software maker reported earnings and revenue that topped estimates and lifted full-year guidance.Here's how the...
Binance Celebrates 200M Users with Local Events and 100 BNB Giveaway
Binance, one of the world’s leading cryptocurrency exchanges, has announced a series of local celebrations to mark a significant milestone: 200 million user registrations. Participants in these events will have the opportunity to win a...
Sensex declines 200 pts, Nifty below 23,400 on losses in banking & IT stocks, ET BFSI
After hitting fresh record highs the previous day, benchmark indices Sensex and Nifty50 traded in the red on Friday, dragged down by banking and IT stocks.The BSE Sensex was trading 198 points, lower at 76,611. The Nifty50 was down 44 points, trading at 23,354 around...
Trump calls Milwaukee a ‘horrible’ city ahead of Republican convention
Republican presidential candidate former President Donald Trump speaks to the media following meetings with Republicans on Capitol Hill, at the National Republican Senatorial Committee headquarters in Washington, June 13, 2024.Evelyn Hockstein | ReutersIn a meeting...
RBI using forex market tools to ease liquidity tightness, BFSI News, ET BFSI
The Reserve Bank of India (RBI) is using forex market tools to inject cash into the banking system, which is soon set to witness large outflows on account of advance tax payments.The central bank has over the past few days undertaken short-term 'buy-sell' foreign...
USDCAD Remains Bullish With Weak Momentum
USDCAD fails to extend above 1.3785 Stochastics suggest bearish retracement USDCAD is still developing above the short-term simple moving averages (SMAs), which are ready for a bullish crossover, and above the medium-term uptrend line. Technically, the MACD oscillator...
Yen, Japanese bond yields fall on Bank of Japan ‘stalling tactic’
The Japanese yen and bond yields fell on Friday as the Bank of Japan opted to wait a month before telling the market how it will reduce its purchases of bonds.
Elon Musk says Optimus robots could make Tesla $25 trillion company
A mockup of Tesla Inc.'s planned humanoid robot Optimus on display during the Seoul Mobility Show in Goyang, South Korea, on Thursday, March 30, 2023. The motor show will continue through April 9. Photographer: SeongJoon Cho/Bloomberg via Getty ImagesBloomberg |...
FCA issues warning against clone of Admiral Markets
The UK Financial Conduct Authority (FCA) has issued a warning against a clone firm abusing the details of Forex and CFD broker Admiral Markets. Clone firms are entities set up by fraudsters. They copy the details (name, logo, address, etc) of firms authorised by...
Tax Tips for Coaches – Intuit TurboTax Blog
Coaching comes in many different forms, from volunteer roles to independent contractors and employees. Each type of coach has different tax considerations. The type of coach you are determines how taxes will affect you. Let’s take a look at some tax tips for different...
Pointdot Leverages Leonardo’s AI Suite to Revolutionize Marketing Campaigns
Pointdot, a full-service digital performance marketing agency, is transforming the way it crafts content for client campaigns with Leonardo’s AI-first creative suite, according to Leonardo AI. Discovering the Power of AI for Marketers...
HDB Financial awaits parent’s approval to begin IPO journey, ET BFSI
HDB Financial services, the non-banking financing arm of HDFC Bank, is awaiting the signal from its parent to begin the listing process. The lender also has plans to open nearly 200 branches in the current fiscal year as it aims to grow its loan book."We are ready;...
Indian central bank likely selling dollars to cap rupee weakness, traders say, ET BFSI
MUMBAI, - The Indian central bank was selling U.S. dollars on Friday to limit depreciation in the rupee, four traders told Reuters.The rupee was at 83.5375 against the dollar as of 10:50 a.m. IST, barely changed from its close at 83.5425 in the previous session. The...
When will FM Nirmala Sitharaman present Union Budget 2024? Check expected date, ET BFSI
Budget 2024 date: The Union Budget 2024 is likely to be unveiled by Finance Minister Nirmala Sitharaman on July 22. This will be the first comprehensive Budget presented by the Modi 3.0 government since assuming office.Prime Minister Modi's administration will...
The Role of Blockchain in Cryptocurrency
In the crypto environment, blockchain serves as an indispensable technology. The term blockchain’ refers to a distributed database that is shared among a number of nodes of a computer network. Blockchain is unlike any other database because of how the information is...
FX option expiries for 14 June 10am New York cut
There are a couple to take note of, as highlighted in bold. But barring any surprise moves, they aren't likely to feature much into play.The first ones are for EUR/USD at 1.0800-10, which aren't likely to be of much impact. The euro is weighed down by political angst...
Spread between French and German yields widens on poll nervousness
The spread between French and German 10-year government bonds continued to widen on Friday on nervousness that French parliamentary elections could yield a fractured body.
CleverCards, a configurable payments startup, raises $8.6 million
Miragec | Moment | Getty ImagesA startup that uses technology to stop employees from abusing corporate expenses just raised 8 million euros ($8.6 million) of funding from investors, defying a slump in investment for the financial technology industry.CleverCards, a...
G7 taps Moscow’s frozen assets in support of Ukraine
A simple principle underpins a contentious Thursday decision by the U.S. and key allies to tap profits from Russian sovereign assets in support of Ukraine: Moscow must make reparations."Russia has to pay," European Council President Charles Michel told CNBC's Steve...
BoJ Decision Sends Yen Plummeting as Taper Plan Delayed
The Japanese Yen has taken a significant hit today, losing ground against all major currencies after BoJ refrained from detailing an immediate plan to taper its bond purchases. In the lead-up to the announcement, expectations were high among traders and investors that...
Binance Launches Futures Mock Copy Trading Competition with 30,000 USDT in Rewards
Binance Introduces New Trading CompetitionBinance Futures has announced a new competition focused on Mock Copy Trading, offering participants the chance to share a total of 30,000 USDT in token voucher rewards, according to Binance.The...
Is GameStop the next Berkshire Hathaway? Here are 3 ways the company could spend its $4 billion cash pile.
The videogame retailer appears to be angling to become an investment-holding company, some analysts say. But there are other ways it could put its money to work.
Exclusive: FlowBank halts onboarding clients after deemed bankrupt by FINMA
FNG has learned that Swiss online neobank / neobroker FlowBank is no longer processing any new client applications, and has halted client onboarding, after Swiss financial regulator FINMA’s decision to begin bankruptcy proceedings against FlowBank, a story which FNG...
HDFC Bank raises FD rates by 20bps, BFSI News, ET BFSI
HDFC Bank raised fixed deposit rates on retail deposits by 20 basis points on various tenors effective June 10. The bank will offer 7.25% for 18 months to less than 21 months, 7.10% for 15 to 18 months and 6.60% for a one year to 15 months bucket. Published On Jun 12,...
What Trump told CEOs in their private meeting
Republican presidential candidate, former U.S. President Donald Trump gives remarks to the press at the National Republican Senatorial Committee building on June 13, 2024 in Washington, DC.Anna Moneymaker | Getty ImagesDonald Trump huddled with at least 80 CEOs on...
U.S. Department of Veterans Affairs Extends Oracle EHR Modernization Contract
Oracle and the U.S. Department of Veterans Affairs (VA) have renewed their collaboration to advance the electronic healthcare record (EHR) system, aimed at providing a secure and interoperable medical record for veterans, according to...
Stock buyers are keeping S&P 500 momentum strong and volatility low — for now
A low VIX is an overbought condition, but it is not a sell signal.
New Apple iPhone app proves how hard it is to kill the online password
Apple Intelligence was unveiled during Apple's Worldwide Developers Conference in Cupertino, California, on June 10, 2024.Source: Apple Inc.For years, cybersecurity experts have been predicting the death of the online password as more advanced log-in features, from...
Policymakers now expect only one rate cut in 2024 :: InvestMacro
By Christopher Decker, University of Nebraska Omaha It was a double-whammy Wednesday for economic-data enthusiasts.During the morning of June 12, 2024, the Bureau of Labor Statistics published its latest inflation figures. The news was relatively good, showing that...
Dearness allowance from May to July 2024 announced; latest update on 5-day bank workweek, ET BFSI
Dearness allowance for bank employees will be 15.97% for May, June and July 2024. In a circular dated June 10, 2024, the Indian Bank's Association (IBA) said, "In terms of clause 13 of the 12th Bipartite Settlement dated 08.03.2024 and clause 2 (i) of the Joint Note...
Yellen says ‘tax cuts for those at the top’ and deregulation don’t deliver broad-based prosperity
Treasury Secretary Janet Yellen on Thursday criticized some economic policies backed by presumptive Republican presidential nominee Donald Trump and his allies, as she delivered a speech at an Economic Club of New York event.
Biden to nominate Christy Goldsmith Romero as FDIC chair after abrupt departure of predecessor
Christy Goldsmith Romero, commissioner of the Commodity Futures Trading Commission (CFTC) speaks during the DC Blockchain Summit in Washington, D.C., on Tuesday, May 24, 2022.Valerie Plesch | Bloomberg | Getty ImagesPresident Joe Biden will nominate Christy Goldsmith...
EUR/GBP Daily Outlook – Action Forex
Daily Pivots: (S1) 0.8425; (P) 0.8439; (R1) 0.8459; More… Intraday bias in EUR/GBP is turned neutral with current recovery, and some consolidations would be seen first. Further decline is expected as long as 0.8482 support turned resistance holds. Below 0.8417 will...
Tyson Foods suspends CFO John R. Tyson after second arrest
John R. Tyson speaks on stage during The Fight for Food: Value Chains and Partnerships at The 2022 Concordia Annual Summit in New York on September 21, 2022.Leigh Vogel | Getty ImagesTyson Foods said on Thursday it has suspended its chief financial officer, John R....
We’re in our 70s and don’t trust our family to handle our estate. What can we do?
There are options for people who don’t have family — or don’t want their family — to handle their affairs
OKX to Launch ONE Subscriptions on On-chain Earn Platform
OKX, a prominent cryptocurrency exchange, has announced the launch of ONE subscriptions on its On-chain Earn platform. According to OKX, the new feature will be available starting from 1:00 pm UTC on June 13, 2024.On-chain Earn...
Neeraj Kapur takes over role of CAB Payments CEO
CAB Payments confirmed today that Neeraj Kapur has received the required regulatory approval and will now take over the role of Group Chief Executive Officer (CEO), Executive Director and member of the Board from Bhairav Trivedi. Neeraj and Bhairav have been working...
Banks to RBI, ET BFSI
MUMBAI: Indian lenders have told the banking regulator that creating 5% provision buffers for all infrastructure projects would hurt both the financiers and viability of the proposed development initiatives, seeking about a dozen such amendments to a draft Mint Road...
How to Start a Side Hustle
n 2023, the average direct deposit tax refund was approximately $3,000. If you are expecting a tax refund this tax season and you’ve been thinking about starting a side hustle or self-employed business, that kind of money can come in handy. Sometimes, a few thousand...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8897; (P) 0.8940; (R1) 0.8988; More…. No change in USD/CHF’s outlook as range trading continues. Intraday bias remains neutral. On the downside, sustained break of 0.8883 fibonacci level will carry larger bearish implications and bring deeper...
GameStop shareholder meeting runs into technical issues, but stock continues to rally
The videogame retailer and original meme stock postponed its annual shareholder meeting amid technical issues, according to social-media posts.
Netflix needs NFL Christmas games broadcast partner
Brock Purdy #13 of the San Francisco 49ers prepares to take a snap in the first quarter against the Kansas City Chiefs0 during Super Bowl LVIII at Allegiant Stadium on February 11, 2024 in Las Vegas, Nevada. Michael Reaves | Getty ImagesNetflix is trying to get ready...
CFTC permanently revokes CTA and AP registrations of Ted Brent Alexander
The Commodity Futures Trading Commission (CFTC) today issued an opinion and order revoking the registrations of Ted Brent Alexander of Jackson, Mississippi. The CFTC action is based on Alexander’s guilty plea to conspiracy to commit wire fraud in a federal criminal...
Union Bank board approves plan to raise Rs 10,000 cr, BFSI News, ET BFSI
New Delhi, State-owned Union Bank of India on Tuesday approved a proposal to raise Rs 10,000 crore, including Rs 6,000 crore from share sale, to fund its business growth. The board approved raising equity capital not exceeding Rs 6,000 crore in tranche(s) within the...
Aussie Shrugs After Strong Employment Data
The Australian dollar has edged lower on Thursday. AUD/USD is trading at 0.6674 in the North American session, up 0.14% on the day. The Aussie didn’t show much reaction to today’s solid Australian employment report. Australian employment beats forecasts Australia’s...
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Binance Unveils New IOTX Locked Products Offering Up to 11.9% APR
Binance Simple Earn has announced an update to its Locked Products, now including IoTeX (IOTX), with the potential to earn up to 11.9% annual percentage rate (APR) in rewards. The promotion period for these new products runs from June 13,...
Broadcom stock up on earnings beat, increased demand for AI chips
Hock Tan, CEO of BroadcomLucas Jackson | ReutersBroadcom shares are up about 12% on Thursday after the company posted second fiscal quarter earnings that beat analysts' estimates and showed the company is benefiting from the artificial intelligence boom.Broadcom...
Stellantis has achieved $9 billion in cost reductions from merger
Stellantis CEO Carlos Tavares speaks to media on June 13, 2024 following the company's investor day at its North American headquarters in Auburn Hills, Mich.Michael Wayland / CNBCAUBURN HILLS, Mich. – Stellantis has achieved 8.4 billion euros ($9 billion) in cost...
‘Gensler will be gone.’ Here’s why Democrats are getting on board the crypto train.
Former Democratic Rep. Tim Ryan says crypto is gaining traction in his party.
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 155.84; (P) 156.61; (R1) 157.49; More… No change in USD/JPY’s outlook as range trading continues. Intraday bias remains neutral. On the downside, break of 154.53 will turn bias to the downside for 151.86 support and possibly below, as the third leg...
Binance Integrates DeXe (DEXE) on BNB Smart Chain, Opens Deposits and Withdrawals
Binance Completes DeXe IntegrationLeading cryptocurrency exchange Binance has successfully integrated DeXe (DEXE) on the BNB Smart Chain (BEP20), according to Binance's latest announcement. The integration opens up the platform for...
The US Fed has planned only one rate cut this year and four cuts in 2025 :: InvestMacro
By JustMarketsAt Wednesday’s close, the Dow Jones Index (US30) decreased by 0.09%, while the S&P 500 Index (US500) added 0.85%. The NASDAQ Technology Index (US100) closed positive 1.53%. Meanwhile, the S&P 500 (US500) and NASDAQ (US100) indices made new...
SBI Mutal Fund hikes holding in Kotak Mahindra Bank to over 5 pc, ET BFSI
New Delhi, SBI Mutual Fund has increased its stake in Kotak Mahindra Bank to over 5 per cent. In a regulatory filing on Tuesday, Kotak Mahindra Bank said that the fund house purchased 21.57 lakh shares through the open market on June 5. With the fresh addition, SBI...
Understanding NIL Rights & Tax Prep for College Athletes
College athletes have been able to pay their college expenses through scholarships, grants, financial aid, and even part-time jobs. However, prior to July 1, 2021 under NCAA rules, college athletes were not allowed to engage in NIL (Name, Image, and Likeness)...
GameStop annual shareholder meeting 2024 servers crash
Traders work at the post where GameStop is traded on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 12, 2024. Brendan McDermid | ReutersGameStop's annual shareholder meeting was disrupted by computer problems Thursday, as servers crashed...
Early signs of dementia may show up in your credit score and mortgage payments. Here’s how to catch it.
Signs of cognitive decline can show up in everyday financial transactions. Here’s what to do if you spot any.
Sunset Market Commentary – Action Forex
Markets Yesterday’s ‘hawkish’ Fed dots raising governors’ 2024/25 inflation projections, a higher reference for the neutral rate (2.75% ) and indicating only one rate cut this year as the FOMC’s preferred interest rate scenario only limited the big decline in US...
Binance Launches Rising Stars Challenge with 1 ETH and 11,000 FDUSD in Rewards
Binance has announced the launch of its latest initiative, the Rising Stars Challenge, targeting users in the Middle East, North Africa, and South Asia (MENASA) regions. Participants can win a 1 ETH token voucher and share 11,000 FDUSD in...
Solo 401(k): Guide to Self-Employed Retirement Plans
When people talk about 401(k)s and retirement plans, they’re usually talking about employer-sponsored plans. But how can you plan for retirement if you’re self-employed? Luckily, you have options if you’re self-employed and want to save for retirement. There are a...
FCA cancels Global 4X Limited’s authorisation as API
The UK Financial Conduct Authority (FCA) today cancelled the authorisation granted to Global 4X Limited as an authorised payment institution (API). The regulator has concluded that Global 4X Limited is no longer meeting the conditions for authorisation as an API set...
State Bank of India Board approves raising up to $3 billion via debt, ET BFSI
The State Bank of India (SBI), the nation's biggest lender, announced on Tuesday that its board has given the green light to raise up to $3 billion through debt instruments in the present fiscal year.The government-run bank will secure the funds in one or more...
These space stocks deserve attention, analysts say
It has been a busy few weeks for the U.S. commercial space industry, marked by milestone launches that have thrust space-related stocks into the spotlight.
Name, Image, and Likeness (NIL) Payments: The International Student-Athletes Guide
If you’re a college athlete — a United States citizen or from another country — engaging in NIL (Name, Image, and Likeness) activities, you will need to file taxes in the U.S. That’s in addition to studying, practicing, competing, and earning NIL-related income....
Microsoft employees’ cybersecurity work will factor into their pay
Satya Nadella, CEO of Microsoft, arrives at federal court in Washington, D.C., on Monday, Oct. 2, 2023.Nathan Howard | Bloomberg | Getty ImagesMicrosoft will evaluate its employees' cybersecurity contributions in reviews that will factor into their compensation, Brad...
XAU/USD: $2,500 Target Remains in Focus But Consolidation Likely to Precede Fresh Rally
Gold is likely to retest the latest record high and attack psychological $2500 level in coming months, as all key factors that drive the metal’s price remain supportive. Persisting geopolitical tensions and threats of escalation continue to underpin demand, along with...
Jobless claims jump to highest level in 10 months
The labor market may no longer be overheated
Trump floats eliminating U.S. income tax and replacing it with tariffs on imports
Republican presidential candidate, former U.S. President Donald Trump speaks during his campaign rally at Sunset Park on June 09, 2024 in Las Vegas, Nevada. Brandon Bell | Getty ImagesDonald Trump on Thursday brought up the idea of imposing an "all tariff policy" that...
Roth IRA Conversions (Converting IRA to Roth IRA)
Understanding the difference between Roth and Traditional IRAs can be confusing, but it is critical for retirement planning. In this article, we will discuss the difference between both types of IRAs and which may be best suited for you. We will also consider the...
Bitfarms to Develop 120 MW Bitcoin Mining Facility in Pennsylvania, Projects Over 35 EH/s by 2025
Bitfarms Ltd. (Nasdaq/TSX: BITF), a global Bitcoin mining company, has announced an agreement to develop a 120 MW power capacity site in Sharon, Pennsylvania, according to GlobeNewswire. The company has also provided guidance for a hash...
3 cryptos met expectations, with one surprise winner :: InvestMacro
By ForexTimeCryptos soared post-CPI, tumbled after FedAvalanch rose as much as 6.2%, up 5.1% for the daySolana rose as much as 6.3%, up 3.9% for the dayChainlink rose as much as 6.9%, up 5.8% for the dayDogecoin rose as much as 7.5%, up 5.5% for the day It was a wild...
SBI to use IT, GST data for quick sanction of MSME loans, ET BFSI
State Bank of India (SBI), has launched a new SME Digital Business Loans through which the bank will use data from sources such as income tax and GST returns and bank statements, for credit assessment of micro small and medium enterprises (MSMEs) and sanction loans...
Bank of Japan (BoJ) Preview: Potential Cut in Bond Buying to Aid Ailing Yen?
Hawkish FOMC adds further pressure on the BoJ as USD/JPY advances. Speculation builds that the BoJ will announce a more comprehensive cut to its bond buying programme. Fundamental Overview: FOMC Recap and BoJ Outlook The Japanese continued its slide this morning as...
How Changes in Your Life Can Save You Money
Whether you got married last year or purchased your first home, major life changes can bring about many questions and uncertainties. Although you may have questions about how life events affect your finances, one thing is certain: life-changing events can save you...
‘Definitely hold on to your Apple position,’ says ‘Big Short’ investor Steve Eisman
Apple Inc. remains a central figure in an AI story that’s driving the economy and markets, says investor Steve Eisman of ‘Big Short’ fame.
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2733; (P) 1.2796; (R1) 1.2862; More… Intraday bias in GBP/USD is turned neutral first but further rally is expected as long as 1.2687 support holds. Above 1.2869 will target 1.2892 resistance. Decisive break there will strengthen the case that...
Abortion pill mifepristone survives Supreme Court challenge
The U.S. Supreme Court on Thursday unanimously rejected a challenge to the abortion pill mifepristone, saying the plaintiffs in the case did not have the legal standing to sue.
Jeep sales expected to grow 50% by 2027
Jeep Wagoneer S Trailhawk EV conceptMichael Wayland / CNBCAUBURN HILLS, Mich. – Stellantis expects to grow sales of Jeep vehicles globally by 50% in the next three years, as the automaker attempts to leverage the quintessential American SUV brand for increased...
Broadridge’s LTX rolls out GenAI-powered list trading functionality
Further building on its GenAI leadership in the fixed income market, LTX, an AI-powered corporate bond trading platform backed by global Fintech leader Broadridge Financial Solutions Inc. (NYSE:BR), today announced GenAI-powered List Trading functionality. The new...
Deposits in the time of MFs, real estate, BFSI News, ET BFSI
Banks are seeking innovative solutions to rebalance their credit-deposit ratio. These include reducing the minimum lock-in period for tax-saving deposits to three years to bring about parity with similar equity-linked savings schemes. There may be some merit in this...
Donald Trump says he wants all future bitcoin to be mined in the U.S.
Former U.S. President Donald Trump speaks at a dinner at Mar-a-Lago on June 5, 2024 in West Palm Beach, Florida. Now that his criminal trial in New York has wrapped up, the former president has scheduled a number of fundraising events around the country to aid his...
Stellar (XLM) Cash-to-DeFi Challenge Highlights Innovative Financial Solutions at Consensus X EasyA 2024 Hackathon
The Stellar (XML) Cash-to-DeFi Challenge at the Consensus X EasyA 2024 Hackathon brought together blockchain enthusiasts, developers, and industry leaders from around the globe, according to Stellar blog. The event aimed to foster...
Wholesale prices drop and add to evidence of easing inflation
U.S. wholesale prices fell in May for the second time in three months — thanks partly to lower gas prices — in perhaps another sign an upturn in inflation earlier this year is fading.
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0745; (P) 1.0799; (R1) 1.0862; More…. Intraday bias in EUR/USD remains neutral at this point. On the upside, firm break of 1.0915 will resume whole rise from 1.0601. On the downside, break of 1.0718 will resume the fall from 1.0915 instead. In the...
Ford ends EV dealership program
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 is ending a controversial electric vehicle dealership program that initially asked store owners to invest upward of $1...
US Dollar declines as Fed signals potential rate cut and inflation eases :: InvestMacro
By RoboForex Analytical DepartmentThe EUR/USD pair is holding steady around 1.0805 on Thursday, following a surge in volatility the previous evening. The Federal Reserve concluded its meeting with a neutral stance, maintaining the interest rate at 5.25% per annum as...
FIU imposes over Rs 1.66 cr fine on Axis Bank for failing to detect fraud NSG account, ET BFSI
The Financial Intelligence Unit has slapped a fine of more than Rs 1.66 crore on Axis Bank for "failing" to put in place a mechanism to detect and report suspicious transactions carried out at one of its branches by creating a "fraud" account in the name of...
How to Earn Money from Car Hire?
Car hire is a useful service which is becoming more popular year by year. It is often necessary to rent a car when visiting another city for a holiday or business trip to ensure mobility. Long-term rentals are often preferred over purchasing a personal vehicle due to...
Publisher of ‘For Dummies’ series is training AI with its content, and its stock is rallying
John Wiley & Sons’ stock was up by 16% after the publisher said it is “seeing significant interest in leveraging our authoritative content to train AI and machine-learning models.”
NVIDIA CEO Highlights Data as ‘Gold Mine’ at Databricks Data + AI Summit
In a compelling keynote at the Databricks Data + AI Summit 2024, NVIDIA founder and CEO Jensen Huang emphasized the transformative power of accelerated computing in data processing and analytics. Speaking alongside Databricks cofounder...
Dollar’s Rebound Stalls Amid Weak PPI and Jobless Claims; Focus Shifts to BoJ
Trading activity slowed notably today as the markets turned relatively quiet. Dollar attempted a rebound from its losses earlier this week but struggled to gain momentum after worse-than-expected PPI and jobless claims data. Despite being one of the weaker performers...
Google ‘won’t always find mistakes’ in AI, search VP Reid tells staff
Liz Reid, vice president, search, Google speaks during an event in New Delhi on December 19, 2022.Sajjad Hussain | AFP | Getty ImagesGoogle's new head of search said at an all-hands meeting last week that mistakes will occur as artificial intelligence becomes more...
NVIDIA (NVDA) Schedules Annual Stockholder Meeting for June 26, 2024
NVIDIA Corporation (NASDAQ: NVDA) has announced that its 2024 Annual Meeting of Stockholders will be held online on Thursday, June 26, at 9 a.m. PT. This virtual meeting format allows both stockholders and non-stockholders to participate,...
Why Broadcom’s stock could book its biggest gain in four years
The stock is up 13% in morning action, putting the semiconductor and software company on pace to add about $90 billion in market cap if that rally holds through Thursday’s close.
CoinShares says exposure to FlowBank as customer is immaterial, with deposits at circa £100k
European investment company specialising in digital assets CoinShares International Limited announces that it has today received information stating that the Swiss Financial Market Supervisory Authority (FINMA) has opened bankruptcy proceedings against FlowBank SA...
India’s stock rebound from election upset is fastest in a decade, ET BFSI
Indian stocks got over the election shock at the fastest speed in recent history, as domestic investors used the near-$400 billion selloff last week as an opportunity to buy the dip. The benchmark NSE Nifty 50 Index sank almost 6% on June 4 after Prime Minister...
Honor Magic V Flip launch: Specs, price, availability
Honor Magic V Flip is Honor's first "flip" style foldable smartphone.HonorHonor on Thursday launched its first flip foldable phone as the Chinese electronics maker looks to step up its challenge in the high-end market against major players like Samsung.The Honor Magic...
US PPI at -0.2% mom, 2.2% yoy in May
US PPI for final demand fell -0.2% mom in May, below expectation of 0.2% mom rise. PPI goods fell -0.8% mom, largest decline since October 2023. PPI energy fell -4.8% mom. PPI food fell -0.1% mom while PPI ex food and energy rose 0.3% mom. PPI services was unchanged....
HCES survey reveals shifts in consumption patterns, fall in rural-urban disparity: SBI Research, ET BFSI
]The latest Survey on Household Consumption Expenditure: 2022-23 (HCES) by NSSO, released shortly after the earlier Factsheet in February 2024, brings forth insights on changing facets of per capita consumption across rural and urban India. It highlights the influence...
Treasury yields have entered ‘the soft landing zone.’ Regional banks could benefit.
Treasury yields touched their lowest levels in more than two months following Wednesday’s cooler than expected CPI print, bringing them to the upper bound of what analysts at Renaissance Macro deemed “the soft landing zone.”
Robotics startup cofounded by Synapse CEO raises funds with exaggerated GM claims
3alexd | E+ | Getty ImagesA humanoid robotics startup cofounded by the CEO of bankrupt fintech firm Synapse has canvassed Silicon Valley investors for funds by claiming close ties and an imminent investment from General Motors — claims rejected by the automaker.The...
Wise shares plunge after fintech projects slower growth
The Wise logo displayed on a smartphone screen.Pavlo Gonchar | SOPA Images | LightRocket via Getty ImagesShares of British money transfer company Wise dropped on Thursday after the company projected weaker annual revenue growth in the current fiscal year.The firm's...
US initial jobless claims jump to 242k, vs exp 227k
US initial jobless claims rose 13k to 242k in the week ending June 8, above expectation of 227k. Four-week moving average of initial claims rose 5k to 222k. Continuing claims rose 30k to 1820k in the week ending June 1. Four-week moving average of continuing claims...
Tradeweb introduces enhanced RFQ functionality for credit markets
Tradeweb Markets Inc. (NASDAQ:TW), a global operator of electronic marketplaces for rates, credit, equities and money markets, today announced it has launched an enhanced functionality for request-for-quote (RFQ) trading in U.S. Credit markets. Known as RFQ Edge, the...
Banks, NBFCs well placed to seize opportunity from India’s strong economic prospects: ICRA, ET BFSI
Indian banks and Non Banking Finance Companies are well placed to seize the opportunity from the country's strong economic prospects through lending in various sectors, even though loan growth is expected to moderate by about three percent, according to a report by...
NVIDIA Unveils Grouped GEMM APIs in cuBLAS 12.5 to Boost DL and HPC Performance
The latest release of the NVIDIA cuBLAS library, version 12.5, brings significant updates aimed at enhancing the functionality and performance of deep learning (DL) and high-performance computing (HPC) workloads, according to NVIDIA...
Students at nation’s largest Christian college allege they were duped into enrolling through racketeering scheme
They signed up to earn their graduate degrees with promises they could complete school quickly and affordably. But they wound up mired in extra courses and on the hook for thousands of dollars more than they were told.
Inside Abercrombie and Fitch’s comeback
Abercrombie & Fitch has transformed itself from a dying mall brand into a Wall Street darling after spending years revamping its product assortment, overhauling its supply chain and rebranding as an inclusive retailer. Shares of the apparel company have surged...
US Dollar Declines as Fed Signals Potential Rate Cut and Inflation Eases
The EUR/USD pair is holding steady around 1.0805 on Thursday, following a surge in volatility the previous evening. The Federal Reserve concluded its meeting with a neutral stance, maintaining the interest rate at 5.25% per annum as anticipated. The Fed’s comments...
BFSI leads as India Inc profit-to-GDP ratio rebounds to a 15-year high in FY24, ET BFSI
In 2024, the corporate profit to GDP ratio for the Nifty-500 Universe and listed India Inc. surged to 4.8% and 5.2%, respectively, reaching a 15-year high. This significant year-on-year improvement was primarily driven by the Banking, Financial Services, and Insurance...
Retirement is about much more than having enough money
Some financial advisers are trying to help clients with the nonfinancial aspects of retirement
Visa relaunches SavingsEdge – FX News Group
Visa Inc. (NYSE:V) today announced the relaunch of Visa SavingsEdge, aimed at delivering greater value to small businesses (SMBs) across the United States and Canada. The latest enhancements introduce a more dynamic platform with new offerings and features designed to...
Rules for direct listing in GIFT to be out in a month, BFSI News, ET BFSI
MUMBAI: International Financial Services Centres Authority chairman K Rajaraman has said that regulations for direct listing of Indian companies in the GIFT IFSC will be out in a month. Govt had in Jan amended laws to permit the direct listing of unlisted companies in...
Paramount Skydance deal ends. What happens next
A view of Paramount Studios in Los Angeles, Sept. 26, 2023.Mario Anzuoni | ReutersNational Amusements stopped merger discussions between Paramount Global and Skydance this week — throwing into question what's next for the legacy media giant during a tumultuous period...
WTI Crude Oil Fails to Improve Upside Move
WTI crude finds tough obstacle at 200-day SMA Technical oscillators head south WTI crude oil returned above the medium-term ascending trend line, hitting the strong 200-day simple moving average (SMA) at 79.36 after bouncing off the four-month low of 72.46. The...
NVIDIA Achieves Record Performance in Latest MLPerf Training Benchmarks
The full-stack NVIDIA accelerated computing platform has once again demonstrated exceptional performance in the latest MLPerf Training v4.0 benchmarks, according to the NVIDIA Blog. Unprecedented Performance in Large Language Models...
Tesla expects to raise price of Model 3 in EU as bloc preps import duties on cars made in China
The EU is planning to levy import duties on cars made in China, starting in July.
Broadcom beats earnings estimates, announces 10-for-1 stock split
Igor Golovniov | Lightrocket | Getty ImagesBroadcom posted earnings for the second fiscal quarter on Wednesday that beat analysts' estimates. It also announced a 10-for-1 stock split, set to begin trading on a split-adjusted basis on July 15.The stock rose about 10%...
Laura Bayley, Head of Clearing Services, SIX, joins SWIFT Board
Laura Bayley, Head of Clearing Services, SIX, has been appointed today as new SWIFT Board Member. Laura Bayley is originally a lawyer and has extensive experience in regulatory topics and projects related to financial market infrastructures. She has worked at SIX...
ATM operators seek Rs 2 hike in interchange fee for viability, ET BFSI
Mumbai: India's ATM operators have approached the Reserve Bank of India (RBI) and the National Payments Corporation of India (NPCI) for an increase in the interchange fee paid by customers on cash withdrawals.The Confederation of ATM Industry, or CATMI, wants this fee...
Cash spending during elections 22 per cent higher this time, BFSI News, ET BFSI
Political parties likely spent more cash despite push on digital transactions during the latest Lok Sabha elections. Incremental currency in circulation since the election commission announced the election date in March till the last phase of election at Rs 89,080...
A higher return than Nvidia’s by 2030? Here’s the stock that will do it, says this analyst
Lead tech analyst at the I/O Fund, Beth Kindig, who has made some prescient calls, says Nvidia can be beat in the long run.
Nasdaq 100: Minor Melt-Up Sequence May Have Hit a Roadblock
The Dow Jones Industrial Average (DJIA) has given up all its ex-post US CPI intraday gains triggered by losses inflicted on the 10-year US Treasury Note futures. The ongoing weakness seen on the DJIA may act as a drag on the Nasdaq 100. Watch the 19,800 pivotal...
Tesla shareholder vote on Musk pay plan won’t clear ‘legal disputes’
Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X speaks during the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024.David Swanson | ReutersTesla's annual meeting on Thursday in...
How campaign funding pays his legal bills
Throughout his 2024 campaign, former President Donald Trump has managed to keep his political operation afloat by walking a delicate financial tightrope. The guilty verdict in a Manhattan hush money case added to a long list of legal challenges that have cost him more...
How to Start a Business on Amazon » Succeed As Your Own Boss
#Smallbizchat Podcast LIVE is a monthly video interview show where small business owners can get answers to their questions. The focus of #Smallbizchat is to end small business failure by helping participants succeed as your own boss. Please join us live every third...
Decoding AI Performance: Analyzing TOPS and Tokens on NVIDIA RTX PCs
The era of the AI PC is here, powered by NVIDIA RTX and GeForce RTX technologies. This shift brings a new way to evaluate performance for AI-accelerated tasks, introducing metrics that can be daunting to decipher when choosing between...
Developers Harness Technology to Tackle Global Emergencies
Communities of developers are increasingly leveraging technology to address critical global emergencies, ranging from wildfires to refugee crises, according to The GitHub Blog. Watch Duty: Real-Time Wildfire Alerts One significant...
I’ll have a monthly income of $12,000 in retirement. My mortgage rate is 2.25% — should I pay it off with funds from my 401(k)?
“Throughout our 40-plus year marriage we have been a one-income home household.”
R.J. O’Brien Limited gets a slap on the wrist for LME rule violations
LME has found R.J. O’Brien Limited (“RJO”) to be in breach of LME Notice 24/137 and has imposed an automatic penalty charge of £5,000. The LME Notice 24/137 sets out automatic penalty charges for any Member who fails to submit Commodity Position Report (CPR) files...
Solugen locks in $214 million Energy Department loan to build a ‘bioforge’ for sustainable chemicals production
Solugen makes water treatment chemicals and others from renewable feedstock.Todd Spoth for SolugenA Houston-based startup called Solugen has locked in a $214 million loan commitment from the U.S. Department of Energy via the program that's most famous for financing...
Crypto Growth Derailed – Action Forex
Market Picture The cryptocurrency market failed to get on the growth rails, losing 0.7% in 24 hours to $2.44 trillion, near end-of-day levels on Wednesday. The positive effect of the soft inflation report was erased by the Fed’s comparatively tightening stance, which...
Will Modi 3.0 see an overhaul of Insolvency and Bankruptcy Code?, ET BFSI
With Finance and Corporate Affairs Minister Nirmala Sitharaman taking charge of her responsibilities, attention is drawn towards potential reforms in the implementation of the Insolvency and Bankruptcy Code (IBC). Experts highlight the urgency for the Modi 3.0...
Go First granted 60-day extension by NCLT to complete insolvency proceedings, ET BFSI
Bankrupt airline Go First has received an additional 60-day window from the National Company Law Tribunal to complete its insolvency proceedings.The NCLT on April 8 extended the deadline to complete Go First's insolvency resolution process by 60 days to June 3. Prior...
Inflation is cooling — but Americans’ concerns about it are hotter than ever, by one measure
Wall Street investors are cheering an inflation report showing no monthly increase in the cost of living during May — but good luck convincing consumers that the flat numbers are positive news.
Tesla expects to raise Model 3 prices in Europe after EU tariffs on China EVs
The new Tesla Model 3+ is on sale at a Tesla store in Hangzhou, Zhejiang province, China, September 26, 2023. Costfoto | Nurphoto | Getty ImagesTesla on Thursday said it will likely increase the Europe prices of its Model 3 vehicle from July 1 after the European Union...
EUR/USD: Remains Constructive Despite More Hawkish Than Expected Powell
EURUSD is consolidating within a narrow range on Thursday morning, following strong rally on Wednesday (up 0.65%), but remains constructive despite Wednesday’s upside rejection and a bull-trap above converged 10/20DMA’s. The single currency rallied on weaker than...
HKEX partners with SZSE on development of Integrated Fund Platform
Hong Kong Exchanges and Clearing Limited (HKEX) has signed a cooperation agreement with a unit of Shenzhen Stock Exchange (SZSE), to support the development of HKEX’s Integrated Fund Platform (IFP). This cooperation will see Shenzhen Securities Communication Co. Ltd...
Muthoot Microfin raises $38 million in ECB on higher investor interest, ET BFSI
Muthoot Microfin has raised $38 million in external commercial borrowing from Union Bank of India (DIFC branch), Bank of Bahrain and Kuwait, Bank of India (DIFC branch, Dubai), Mega International Commercial Bank Co (Labuan Branch).The lender raised the fund with three...
Wait, your baby doesn’t have a credit card? These 8 steps will put your infant on a strong financial footing.
There are steps parents can take to bolster their children’s financial security, and many are relatively easy and inexpensive.
Binance Auctions Rare Portugal NFT with Cristiano Ronaldo Meet-and-Greet
Binance, a leading global cryptocurrency exchange, has unveiled the final phase of its 'Forever Worldwide: The Road to Saudi Arabia' collection, featuring an exclusive opportunity to own a Super Super Rare (SSR) Portugal NFT and meet...
Databricks says annualized revenue to reach $2.4 billion in first half
Ali Ghodsi, co-founder and CEO of Databricks, speaks at a press conference at Databricks' Data and AI Summit in San Francisco on June 12, 2024.Jordan Novet | CNBCDatabricks, the data analytics software vendor that's among the most richly valued private U.S. tech...
Eurozone industrial production down -0.1% mom in Apr, EU up 0.5% mom
Eurozone industrial production fell -0.1% mom in April, worse than expectation of 0.1% mom growth. Industrial production, decreased by -0.4% for intermediate goods. Production increased by by 0.4% for energy, 0.7% for capital goods, 0.3% for durable consumer goods,...
Trump CEO meeting to include Dimon, Fraser, Moynihan
US President Donald Trump gestures as CEO of Bank of America Brian Moynihan (L) speaks during a meeting with banking leaders to discuss how the financial services industry can meet the needs of customers affected by COVID-19 at the White House in Washington, DC on...
Moneyview and Truecaller Join Forces to Fight Against Online frauds and Enhance Communication Efficiency, ET BFSI
NewsVoirBengaluru (Karnataka) [India], June 13: Moneyview, a leading financial services company has announced a strategic partnership with Truecaller, the leading global platform for verifying contacts and blocking unwanted communication. The partnership aligns with...
Fintech has hit a bottom after valuation plunge, execs and VCs say
Long gone are the days when venture capital was flowing into fintech startups with bold ideas — and little to show in terms of business metrics and fundamentals.Bloomberg | Getty ImagesAMSTERDAM — The financial technology industry is embracing a new normal — with some...
Gill Barr plans to retire from PayPoint Board
PayPoint plc (LON:PAY) today announces that Gill Barr has confirmed that she plans to retire from the Board and will not stand for re-election at the Company’s 2024 Annual General Meeting (‘AGM’) to be held on 1 August 2024 having completed nine years’ service on the...
SBI hikes FD interest rates. What should debt mutual fund investors do?, ET BFSI
Increasing the appeal of bank fixed deposits by a notch, SBI has increased FD interest rates by 75 basis points. However, the decision to switch from debt mutual funds to FDs depends on your investment goals and risk appetite and investors should not be in a hurry to...
ECB’s Vasle: Further rate cuts possible this year if data remains favorable
ECB Governing Council member Bostjan Vasle has hinted at the possibility of further rate cuts this year, provided the baseline scenario holds and economic data supports such a move.Speaking to Finance newspaper, Vasle said, “If the baseline scenario is realized and...
‘Bachelor’ creator Mike Fleiss is looking for a renter for his cliffside Malibu pad for just $65,000 a month
Take a look at the pretty details of this Mediterranean-style villa in this rare offering.
Revolut moves global HQ in Canary Wharf as it awaits UK bank license
A mockup of what Revolut's new global HQ in Canary Wharf will look like. The firm said it plans to display its logo on two signs on the sides of the new building – mimicking legacy banks like Barclays and Citigroup.RevolutBritish financial technology firm Revolut...
Anthropic Explores Challenges and Methods in AI Red Teaming
Anthropic has detailed insights from a sample of red teaming approaches used to test their AI systems, according to a recent post on their website. This practice has allowed the company to gather empirical data on appropriate tools for...
White House to nominate Goldsmith Romero soon, aiming for July hearing, says Reuters source
The Federal Deposit Insurance Corp. headquarters in Washington, DC, U.S., on Monday, May 20, 2024. The White House will nominate markets regulator Christy Goldsmith Romero as Federal Deposit Insurance Corporation chair imminently as it targets the week of July 8 for...
Pledges more steps to ensure ‘ease of living’; reforms drive to continue, ET BFSI
Finance minister Nirmala Sitharaman on Wednesday said the reforms momentum will continue, which will spur growth and ensure macro-economic stability, presenting an “optimistic economic outlook” for the coming years.Assuming charge of the ministries of finance and...
OFX to provide the ATP Tour global payment solutions and FX transactions
Australia based payment solutions provider OFX (ASX:OFX) has announced a new global partnership with tennis’ ATP Tour. The collaboration will unlock significant enhancements to financial services across the ATP Tour. OFX will provide a range of global payment...
AUDUSD: Buying The Dips at the Blue Box Area
In this technical article we’re going to take a quick look at the Elliott Wave charts of AUDUSD Forex pair , published in members area of the website. As our members know, AUDUSD has recently given us correction against the 0.63618 low. The pair reached our target...
Hindujas seek more time from NCLT to pay Reliance Capital lenders, ET BFSI
Hinduja Group, which acquired Anil Ambani-promoted Reliance Capital, has submitted an application to the National Company Law Tribunal (NCLT) seeking more time to make the final payments to the lenders.The group cited delays in obtaining approval from the Department...
‘Thanks for your support!’ Musk says Tesla shareholders have backed his $56 billion pay package
Elon Musk said in a post on X that Tesla shareholders have voted to approve two controversial proposals
Musk says Tesla shareholders likely approved his $56 billion pay deal
Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings Corp., speaks at the Milken Institute's Global Conference at the Beverly Hilton Hotel,on May 6, 2024 in Beverly Hills, California. Apu Gomes | Getty ImagesElon Musk said on late Wednesday that Tesla...
Top 20 Generative AI Questions And Answers
The arrival of ChatGPT in November 2022 shifted the limelight towards generative AI. Generative AI has become one of the primary topics of interest in the domain of technology. It has served as a force for technical change with the help of new tools, innovative...
FX option expiries for 13 June 10am New York cut
There are quite a number to take note of for the day, as highlighted in bold.The first ones are for EUR/USD and they are layered between 1.0775 to 1.0810. Given that price action is also meddling with the key daily moving averages at 1.0788-02 currently, the expiries...
Virgin Galactic shares plunge on reverse stock-split announcement
The 1-for-20 reverse stock split will take effect at the close of trading Friday.
China EV stocks surge after EU slaps up to 38% additional import tariffs
Visitors are looking at a BYD DM-i electric car at the 2024 Beijing International Automotive Exhibition in Beijing, China, on May 3, 2024. (Photo by Costfoto/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesShares of Chinese electric vehicle makers mostly...
Argentina’s Senate passes Milei’s reform bill amid violent protests
Aerial view of a fire during a protest outside the National Congress in Buenos Aires on June 12, 2024. Tomas Cuesta | Afp | Getty ImagesArgentina's Senate narrowly passed President Javier Milei's sweeping economic reform bill, delivering a tentative legislative...
Dollar Stabilizes After FOMC Projections, Eyes on US PPI and Jobless Claims
While Dollar had a sharp decline following US consumer inflation data overnight, the selloff was short-lived. The greenback stabilized and recovered after FOMC projections indicated that only one rate cut is likely this year. Stock and bond markets showed little...
SFC Outlines Regulatory Expectations for Virtual Asset Trading Platforms Post-Transition
The Securities and Futures Commission (SFC) has issued a detailed briefing to applicants of virtual asset trading platforms, outlining regulatory expectations as the transition period comes to an end, according to apps.sfc.hk. End of...
Swiss regulator opens bankruptcy proceedings against FlowBank SA
The Swiss Financial Market Supervisory Authority (FINMA) opened bankruptcy proceedings against FlowBank SA on 13 June 2024. FINMA established in the last week that FlowBank SA no longer has sufficient capital for its operations as a bank. The minimum capital...
Understanding Zero-Knowledge Proofs: A Deep Dive into Blockchain Privacy
Zero-knowledge proofs (ZKPs) have become a cornerstone in the realm of blockchain security, offering a way to verify the validity of a statement without revealing any additional information. Originating from a 1985 academic paper, ZKPs...
Hindujas seek more time from NCLT to pay Reliance Capital lenders, ET BFSI
Hinduja Group, which acquired Anil Ambani-promoted Reliance Capital, has submitted an application to the National Company Law Tribunal (NCLT) seeking more time to make the final payments to the lenders.The group cited delays in obtaining approval from the Department...
Fed holds rates steady, sees just one cut in 2024 despite inflation progress, ET BFSI
The Federal Reserve held interest rates steady on Wednesday and pushed out the start of rate cuts to perhaps as late as December, with officials projecting only a single quarter-percentage-point reduction for the year amid rising estimates for what it will take to...
General Provident Fund (GPF) interest rate for April-June 2024 quarter announced, ET BFSI
The Ministry of Finance has announced the interest rate for the General Provident Fund (GPF) and other similar provident fund initiatives for April- June 2024 quarter.The General Provident Fund and other similar funds shall carry interest at the rate of 7.1% effective...
Trump wants all remaining Bitcoin “to be made in the US”. Not as ludicrous as it sounds?
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,...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 156.83; (P) 157.12; (R1) 157.43; More… USD/JPY drops sharply in early US session but stays in range of 154.53/157.70 and intraday bias remains neutral first. On the downside, break of 154.53 will turn bias to the downside for 151.86 support and...
Rare ARC bids for SBI’s claims on Reliance naval loan guarantees, ET BFSI
A little-known asset reconstruction company (ARC) from Ahmedabad is the frontrunner to acquire State Bank of India's claims arising from the personal guarantees issued by Nikhil Gandhi and Bhavesh Gandhi, the promoters of SKIL Infrastructure.The Gandhi brothers issued...
Online broker eToro partners with X to educate investors through social media
Online brokerage eToro has announced a partnership with social-media platform X to provide educational resources about investing on the platform.
OKX Ventures Leads Seed Round in Decentralized Data Protocol Codatta
OKX Ventures, the investment arm of the prominent crypto exchange OKX, has announced its leading investment in Codatta, the first decentralized data protocol designed to build foundational data infrastructure for developers and protocols,...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8955; (P) 0.8974; (R1) 0.8996; More…. USD/CHF falls sharply after rejection by 0.8987 support turned resistance and 55 4H EMA. But it;s staying above 0.8880/3 support zone so far. Intraday bias remain neutral first. On the downside, sustained...
Bank stocks and corporate bonds hold gains on flat inflation report and Fed update
Tame CPI data sent investors back into beaten-down regional-bank stocks and bonds.
JPMorgan hires former PayPal executive Sri Shivananda as its CTO, ET BFSI
Tech workers comprise 20% of the bank's global workforce of almost 312,000 employeesBy Nupur AnandNEW YORK: JPMorgan Chase hired former PayPal executive Sri Shivananda as its new chief technology officer (CTO), the bank said in a memo on Monday, the latest senior hire...
Judge bars Martin Shkreli from streaming Wu-Tang Clan album
Former drug company executive Martin Shkreli and his lead attorney Benjamin Brafman arrive at U.S. District Court for the fourth day of jury deliberations in his securities fraud trial in the Brooklyn borough of New York City, U.S., August 3, 2017. Amr Alfiky |...
Biden’s small-business boom may undercut Trump’s economic edge
Entrepreneurship is nothing short of a civic religion in America, and so it’s no wonder that President Joe Biden’s administration is loudly touting a recent surge in the formation of new businesses ahead of November’s election.
Larry Ellison is $18 billion richer as Oracle rallies most since 2021
Larry Ellison, chairman and co-founder of Oracle Corp., speaks during the Oracle OpenWorld 2017 conference in San Francisco on Oct. 1, 2017.David Paul Morris | Bloomberg | Getty ImagesOracle Chairman Larry Ellison is $18 billion richer after the software maker he...
(FED) Federal Reserve Issues FOMC Statement
Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have remained strong, and the unemployment rate has remained low. Inflation has eased over the past year but remains elevated. In recent months, there has been modest...
Sony Pictures buys Alamo Drafthouse theater chain
Interior of an Alamo Drafthouse Cinema theater.Alamo DrafthouseFor the first time in more than 75 years, a major Hollywood studio will own a movie theater chain.Sony Pictures has acquired Alamo Drafthouse, the seventh-largest movie theater chain in North America, the...
Binance to Adjust Step Size for Spot Trading Pairs on June 19, 2024
Binance, one of the leading cryptocurrency exchanges, has announced upcoming changes to the step sizes for its spot trading pairs. This adjustment aims to increase market liquidity and enhance the overall trading experience for its users,...
Morgan Stanley CEO, ET BFSI
Morgan Stanley was testing a genAI chatbot developed with OpenAI.The use of artificial intelligence (AI) could save Morgan Stanley's financial advisers between 10 and 15 hours a week, the bank's CEO Ted Pick told investors at a conference on Monday."This is...
U.S. budget deficit hits $1.2 trillion with fiscal year now two-thirds over
The cumulative U.S. budget deficit has reached $1.202 trillion with the federal government now two-thirds through its current fiscal year, driven in part by rising interest payments on the national debt.
FOMC projects one rate cut this year, no member expects another hike
Fed left interest rates unchanged at 5.25-5.50% as widely expected. The new economic projections are slightly on the hawkish side, indicating that the majority of FOMC expects only one rate cut this year. The neutral rate was also raised. But investors could be...
Fisker recalls thousands of Ocean EVs for safety and compliance issues
The Fisker Ocean electric sports utility vehicle (SUV) during AutoMobility LA ahead of the Los Angeles Auto Show in Los Angeles, California, U.S., on Wednesday, Nov. 17, 2021. Kyle Grillot | Bloomberg | Getty ImagesElectric vehicle startup Fisker announced on...
Fed’s $1 trillion pile of paper losses are turning into actual losses — with more in sight
The Federal Reserve’s roughly $1 trillion pile of paper losses stemming from its underwater securities holdings have begun to turn into more than $100 billion in actual losses, with no relief in sight.
SEBI imposes Rs 35 lakh penalty on PTC India’s Pawan Singh, Rajib Kumar Mishra for corporate governance lapses, ET BFSI
New Delhi: The Securities and Exchange Board of India (SEBI) has imposed fines totaling Rs 35 lakh on senior officials from PTC India Financial Services (PFS), for severe lapses in corporate governance. Rajib Kumar Mishra and Pawan Singh, the company's director and...
AUD/USD: Australian Dollar Rallies 1.35% as US Inflation Eases Below Expectations
Australian dollar was one of the top gainers among major currencies on Wednesday, after weaker than expected US CPI data revived hopes disinflation is back to play and added to doves advocating for September Fed rate cut. AUDUSD pair advanced 1.35% after release of...
Understanding LSD BNB: Enhancing Liquidity and Flexibility with BNB Staking
Liquid staking has emerged as a popular option in decentralized finance (DeFi), offering users the ability to stake tokens while maintaining liquidity. This process generates Liquid Staking Derivatives (LSDs), tradable assets that...
As HPE’s stock heads for another high, its bonds have been selling off
CreditSights is advising investors to await new bond issuance related to HPE’s acquisition of Juniper Networks.
Student Loan Options When You’re Self-Employed
Student loans can be a huge financial burden when you first start working, especially if you are self-employed. Paying off your student loans is just one of the cornerstones of managing your money after graduation. Fortunately, there are several payment plans for low...
Braces for mid-week double whammy :: InvestMacro
US500 ↑ 13% since start of 2024Index could be rocked by US CPI/Fed comboOver past year Fed meeting triggered moves of ↑ 2% & ↓ 0.8%Prices bullish on D1 but RSI overboughtIt would be a crime to overlook FXTM’s US500 on such a big day for global markets.After...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0715; (P) 1.0745; (R1) 1.0769; More…. EUR/USD’s strong rebound and break of 55 4H EMA (now at 1.0812) argues that pull back form 1.0915 has completed at 1.0718. Intraday bias is back on the upside for 1.0915 resistance first. Firm break there will...
BitMEX to Implement New Fee Structure for Spot Trading
BitMEX, a leading cryptocurrency exchange, has announced significant changes to its fee structure for spot trading, effective 13 June 2024 at 04:00 UTC. According to the BitMEX Blog, the new base Taker and Maker fees will be set at 10...
Banks need to push CASA for deposit growth and protect margins, ET BFSI
Even as banks are pushing deposit growth to meet credit demand, the route has been a bit costly.Term deposits have grown faster than CASA deposits for many banks.At the system level, the share of low cost CASA- Current and Savings Accounts - deposits have dipped 271...
Hedging against a stock-market selloff has almost never been cheaper
A team of analysts at SocGen recommend investors protect their gains by buying a put spread that would deliver a max payout if the S&P 500 falls 15%
France’s Macron says he won’t quit if his party loses in snap election vote
French President Emmanuel Macron speaks with CNBC's Andrew Ross Sorkin (not shown), in Paris on May 23, 2024.CNBCFrench President Emmanuel Macron on Wednesday affirmed that he would not step down if his party suffers in the recently called snap elections for France's...
EUR/AUD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.6217; (P) 1.6277; (R1) 1.6318; More… EUR/AUD’s break of 1.6211 support confirms resumption of decline from 1.6742, as the third leg of the correction from 1.7062. Intraday bias is now on the downside for 61.8% projection of 1.6679 to 1.6211 from...
Inflation data throws President Biden a lifeline
Two big things just happened on Wall Street in response to the latest inflation data. And both of them should give President Joe Biden some rare relief in his presidential campaign.
Bitfinex: Aethir (ATH) Seeks to Revolutionize Decentralized Cloud Computing
Aethir is positioning itself as a trailblazer in the decentralized cloud computing sector by offering a Graphics Processing Unit (GPU)-based infrastructure tailored for enterprise use, particularly within the AI and gaming industries....
eToro partners with X to provide financial education content
Trading and investing platform eToro today announces a partnership with X to publish a series of financial education content on X, through livestream events, video on demand and audio Spaces. eToro and X are joining forces to bring accurate and accessible investment...
Deposit rates peaks; to move downwards in medium term: SBI Chairman, ET BFSI
New Delhi, State Bank of India (SBI) Chairman Dinesh Kumar Khara has said that deposit rates have peaked and will move southward in the medium term. The country's largest lender also said the RBI may start easing the interest rate cycle from the third quarter of the...
Bitcoin ETFs are supercharging this popular crypto trading strategy — what you need to know
A weekly look at the most important moves and news in crypto, and what’s on the horizon in digital assets.
Southwest CEO vows change as activist Elliott pushes for new leadership
A Southwest commercial airliner takes off from Las Vegas on Feb. 8, 2024.Mike Blake | ReutersSouthwest Airlines CEO Bob Jordan said the company is ready to adapt to changing customer trends like premium seating as pressure from an activist investor mounts."We will...
US: Inflationary Pressures Cool More Than expected in May
The Consumer Price Index (CPI) was flat in May, coming in below the consensus forecast calling for a modest gain of 0.1% month-on-month (m/m). On a twelve-month basis, CPI edged lower by 0.1 percentage points to 3.3%. Energy prices dipped by 2.0% last month, largely...
Biden cheers cooling inflation ahead of key Fed interest rate decision
President Joe Biden on Wednesday took a victory lap on the latest inflation report, which found that consumer prices did not rise in May over their April levels, marking the first time since 2022 that U.S. month over month inflation has remained flat."Prices are still...
China’s consumer inflation is on the rise. Today, the focus is on the FOMC meeting :: InvestMacro
By JustMarketsAt Tuesday’s close, the Dow Jones Index (US30) decreased by 0.31%, while the S&P 500 Index (US500) added 0.27%. The NASDAQ Technology Index (US100) closed positive 0.88%. Weakness in bank stocks weighed on the Dow Jones Industrials after Pimco said...
US consumer inflation falls to 3.3 percent ahead of Fed rate decision, ET BFSI
WASHINGTON: Fresh US consumer inflation data published Wednesday is unlikely to sway the Federal Reserve's plans to leave its key lending rate unchanged, but could alter how many rate cuts policymakers pencil in for this year.The annual consumer price index (CPI) came...
Dividend stocks can help lower your risk. Many are bargains right now.
Ben Kirby of Thornburg Investment Management says the timing is right for diversifying your stock-market exposure with high-dividend payers.
Oracle stock pops 10% on AI demand, new deals with Google and OpenAI
Oracle chairman of the board and chief technology officer Larry Ellison delivers a keynote address during the 2019 Oracle OpenWorld on September 16, 2019 in San Francisco, California. Justin Sullivan | Getty ImagesOracle shares jumped more than 10% on Wednesday, a day...
Bain Capital, others to likely offload shares in L&T Finance in Rs 1,530 crore block deal: Report, ET BFSI
L&T Finance is expected to see a block deal where Bain Capital and other funds will likely sell their shares worth Rs 1,530 crore. The block deal could happen at a discount of 1% to the current market price of the shares and BNP Paribas could be the broker to the...
OKX Expands ETHUSD-Margined Futures Expiry Dates to Boost Liquidity
OKX, a leading cryptocurrency exchange, has announced an adjustment to the expiration date rules for ETHUSD-margined futures, a move aimed at enhancing market liquidity and providing more trading opportunities, according to OKX. New...
US Dollar Index: Dollar Falls Sharply on Softer than Expected US May Inflation Numbers
The US dollar fell across the board in immediate reaction to softer than expected US May inflation numbers, which revived hopes for Fed rate cut in September. US m/m consumer prices were flat in May after 0.3% increase in April and annualized rose by 3.3% last month,...
Cost cuts, China come into focus
Stellantis CEO Carlos Tavares holds a news conference after meeting with unions, in Turin, Italy, March 31, 2022.Massimo Pinca | ReutersDETROIT – Since spearheading a merger to create Stellantis in 2021, CEO Carlos Tavares has been on a cost-cutting mission. That's...
Social Security’s COLA could be lower in 2025 amid cooling inflation
The cost-of-living adjustment is supposed to keep pace with inflation and preserve buying power for its recipients
Apple AI plans make it most valuable company in the world
Apple CEO Tim Cook attends the annual developers conference event at the company's headquarters in Cupertino, California, on June 10, 2024.Carlos Barria | ReutersApple surpassed Microsoft on Wednesday to become the most valuable company in the world, after it...
Interactive Brokers launches trading on Cboe Europe Derivatives
Electronic trading major Interactive Brokers (NASDAQ:IBKR) today announced the addition of European stock options and European index futures and options through Cboe Europe Derivatives (CEDX). This addition allows Interactive Brokers’ clients another means to trade...
U.S. widens sanctions to discourage countries from doing business with Moscow
White House National Security Communications Advisor John Kirby speaks during a press briefing at the White House in Washington, U.S., April 15, 2024. Elizabeth Frantz | ReutersThe United States widened its sanctions against Russia Wednesday as G7 leaders prepared to...
Sunset Market Commentary – Action Forex
Markets US May CPI numbers served as an appetizer going into tonight’s FOMC meeting. Both headline (flat) and core (+0.2% m/m) inflation missed expectations for a 0.1% and 0.3% rise respectively. That resulted in slower y/y readings of 3.3% and 3.4% with the latter...
Indian banks to ask regulator to not raise provisioning for infra loans, sources say, ET BFSI
By Siddhi NayakMUMBAI - The Indian Banks' Association (IBA) will ask the central bank to keep provisioning for infrastructure project loans unchanged in its feedback to the latter's recent proposal to raise the amount of capital lenders should set aside against such...
India’s retail inflation eases to 12-month low of 4.75 per cent in May, ET BFSI
India's retail inflation eased to a 12-month low of 4.75 per cent on an annual basis in May as against 11-month low of 4.83 per cent in the previous month, showed the government data on WednesdayThe number has remained within the Reserve Bank of India's (RBI)...
RBI suffers system failure in automated system for banks’ liquidity management, ET BFSI
The Reserve Bank of India on Tuesday witnessed a technical glitch in the facility that it provides to banks to either deploy surplus funds or borrow money from the central bank, market participants said.Bank treasury executives said that the central bank’s Automatic...
How will the soft May CPI reading impact the Fed? By starting the clock on a potential September rate cut.
The Federal Reserve is seen as likely to pencil in two cuts over its last four meetings this year, which would keep the door open for a September move.
Robinhood Markets Reports Strong Growth in May 2024 Operating Data
Robinhood Markets, Inc. (NASDAQ: HOOD) has released its operating data for May 2024, showcasing robust growth across various metrics. According to Robinhood's latest report, the financial services platform continues to experience...
After Macron’s Election Gamble, Is Political Risk a New Headwind for the Euro?
Snap elections in France spur panic in euro and French stock market Doubts about Germany’s coalition add to euro’s woes Is political instability about to become a persistent risk for the euro? Europe steers to the right Financial markets don’t usually pay so much...
Euro hits monthly low amid political instability in France :: InvestMacro
By RoboForex Analytical DepartmentThe EUR/USD pair declined to 1.0740 on Wednesday, nearing the month’s low. This downward movement is primarily driven by the political instability in France following the significant developments in the European Parliament...
Stocks’ path to record highs is increasingly narrow. Why a selloff may be overdue.
The S&P 500 and Nasdaq Composite marched to record highs on Tuesday — their 27th and 15th of 2024, respectively. But beneath the surface, signs of weakness proliferated.
Russian warships enter Havana harbor under Washington’s watchful eye
The Russian nuclear-powered submarine Kazan (L) and the class frigate Admiral Gorshkov, part of the Russian naval detachment visiting Cuba, arrive at Havana's harbour, June 12, 2024. Adalberto Roque | Afp | Getty ImagesRussian navy ships churned into Havana harbor on...
Bajaj Housing Finance files papers for Rs 7,000 crore IPO, ET BFSI
Bajaj Housing Finance Limited (BHFL) has filed Draft Red Herring Prospectus (DRHP) with the Indian market regulator to launch a Rs 7,000 crore initial public offering (IPO). The public issue will comprise a fresh issue of equity shares of up to Rs 4,000 crore and an...
How to Build Your Own Coding Copilot with AMD Radeon GPU Platform
Generative AI is revolutionizing software engineering, with new tools making it easier to build AI-driven code assistants. According to AMD blog, developers can now create their own coding Copilot using AMD RadeonTM graphics cards and...
Industrial production declines to a three-month low of 5% in April, ET BFSI
The Index of Industrial Production (IIP) in India slowed to 5 per cent in April, a three month low, as against 5.4 per cent in March, revealed the data provided by the Ministry of Statistics and Programme Implementation (MoSPI) on Friday. The IIP growth rate was...
EURUSD Recoups Losses and Bearish Gap after US CPI
EURUSD posts gains above 1.0800 RSI crosses above 50 level EURUSD is extending its rebound off 1.0740 after US inflation data that was lower than expected. The pair jumped above the 50- and the 200-day simple moving averages (SMAs) as well as the 1.0800 round number....
Battery-metals maker Umicore cuts guidance on EV market slump
Umicore said it expects sales of its battery metals could be “equal or lower” than last year due to a “sharp slowdown in the growth of demand for EVs.”
Tesla could get special duties as part of EU’s higher China EV tariffs
Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X speaks during the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024. David Swanson | ReutersTesla could be hit with a specially...
Riot Platforms Criticizes Bitfarms’ Adoption of Poison Pill
Riot Platforms, Inc. (NASDAQ: RIOT) has expressed significant concerns over the recent adoption of a shareholder rights plan, commonly known as a “poison pill,” by Bitfarms Ltd. (NASDAQ/TSX: BITF). The plan, which became effective...
TradeStation Securities integrates with Option Circle
TradeStation Securities, Inc., a self-clearing online brokerage firm for trading stocks, options, futures, and futures options, announced its integration with Option Circle. TradeStation Securities’ integration with the Option Circle platform provides Option Circle...
Planning for Retirement: Roth IRA or 401(k)
It’s easy to get overwhelmed by the plethora of options to choose from when it comes to trying to save for retirement. What’s the difference between opening a Roth IRA or 401k? Are there benefits to having multiple retirement accounts in order to achieve your...
Federal Bank shortlists three Candidates for MD & CEO post, BFSI News, ET BFSI
Kochi-based Federal Bank has reportedly shortlisted three candidates for the post of MD & CEO. The list comprises a combination of internal and external contenders.This private sector lender has already submitted the names to the Reserve Bank of India.According to...
Hungary agrees not to veto NATO’s deepening support for Ukraine
Hungarian Prime Minister Viktor Mihaly Orban.Thierry Monasse | Getty Images News | Getty ImagesNATO Secretary-General Jens Stoltenberg said Hungary will neither block nor participate in the military alliance's deepening support for Ukraine, as he looks to shore up...
GameStop says it raised $2.14 billion in share sale. Roaring Kitty memes continue.
GameStop Corp. said it raised around $2.14 billion in a share sale. Shares were dropping in premarket on Tuesday.
Black Semiconductor raises $274 million in funding in Europe chip push
Europe is attempting to boost its homegrown semiconductor industry. Darya Komarova | Moment | Getty ImagesBlack Semiconductor, a startup aiming to create next-generation chip technology, on Wednesday said it raised 254.4 million euros ($274 million), mainly from the...
Dollar Plummets on Softer Inflation Data Ahead of Crucial FOMC Decision
Dollar took a significant hit in early US session, following the release of weaker-than-expected consumer inflation data. A particularly notable point is that headline CPI remained flat for the month, a scenario not seen since November last year. Annual core CPI also...
Estate Planning in 8 Steps + Tips
If the idea of estate planning confuses or overwhelms you, you’re not alone. Many people know very little about estate planning and rarely think about it, understandably. Estate planning is one of those tasks in life that isn’t glamorous but is important to consider,...
World Bank revises India’s FY25 growth forecast to 6.6%, BFSI News, ET BFSI
New Delhi: The World Bank Tuesday revised India's FY25 growth forecast upward to 6.6% from 6.4% projected in January, on the back of strong public investment accompanied by private capex and rise in private consumption.The multilateral institution noted that India is...
My husband and I are in our 30s, earn $120,000 a year and pay $1,500 in rent. Will we ever own a home?
“We both have a 401(k), his totalling $20,000 and mine just over $56,000.”
Jake Paul launching men’s skin care line at Walmart
Jake Paul is launching a personal care brand geared toward men.Courtesy: WJake Paul is entering a new arena: skin care.The YouTube influencer turned-boxer announced on Wednesday the launch of "W," a skin care company targeted toward men.The personal care line, which...
LSE investigates intermittent performance issue affecting its website
London Stock Exchange (LSE) has confirmed there are issues affecting its website. The problems first occurred around 13:00 (London time), with the website www.londonstockexchange.com either not opening, or showing a “Page Not Found” message. About 30 min later, the...
US CPI at 0.0% mom, 3.3% yoy in May, below expectations
US CPI was flat at 0.0% mom in May below expectation of 0.2% mom. CPI core (all items less food and energy)rose 0.2% mom, below expectation of 0.3% mom. Food prices rose 0.1% mom, while energy prices fell -2.0% mom. For the 12-month period, CPI slowed from 3.4% yoy to...
Report, BFSI News, ET BFSI
Portfolio outstanding of the Microfinance sector at Rs 442.7k crore as of March 24 rose 26.8 per cent in FY' 2023-24 according to a report by credit bureau CRIF Highmark.Despite regulatory restrictions , personal loans grew the second fastest among retail assets which...
OKX Announces Plans to Delist XRP and LTC Expiry Futures
In a move aligned with current market trends, OKX has announced its decision to phase out XRP and LTC USDT-margined and crypto-margined expiry futures. According to OKX, this strategic change aims to better meet users’ needs by...
Trump and Biden campaigns go head-to-head with rival fundraisers in London
Donald Trump pictured with right-wing British politician Nigel Farage during a campaign rally at the Mississippi Coliseum on August 24, 2016.Getty ImagesLONDON — Supporters of U.S. presidential candidates Donald Trump and Joe Biden will be putting their money where...
Oil’s last ‘hurrah’ is coming. Here’s the commodity investors should be buying instead, says Citi
Citigroup analysts are bearish on oil, but say copper is firing on all cylinders.
Gold (XAU/USD) Vulnerable Heading Into US CPI and FOMC Releases
Gold struggles for direction ahead of key US data releases as geopolitics take a backseat. People’s Bank of China (PBoC) pauses gold buying following 18-Month spree. Downside momentum appears to be building as buyers lack conviction. Fundamental Overview Gold has...
DTCC’s FICC launches CCLF Public Calculator
DTCC today announced the launch of FICC’s interactive, public-facing Capped Contingency Liquidity Facility (CCLF) Calculator. DTCC explains that CCLF is a critical risk management tool used for managing DTCC’s Fixed Income Clearing Corporation’s (FICC) liquidity risk...
Recruiters focus on soft & technical skills for BFSI hiring, BFSI News, ET BFSI
A latest report by Indeed revealed that recruiters are increasingly focusing on soft skills and technical skills for BFSI hiring. Defying traditional expectations, the BFSI sector is now prioritizing soft skills alongside technical proficiencies.The most in-demand...
Will Modi 3.0 go full throttle on PSB divestment?, BFSI News, ET BFSI
The Centre has decided against merging public sector banks (PSBs) in FY25 but is set to proceed with privatising PSBs during the fiscal year. Currently, there are no proposals to merge additional PSBs, nor are there any plans to abandon the privatisation agenda.As of...
FedEx laying off up to 2,000 workers to save up to $175 million a year
Stock price rises on plans by package-delivery giant to become leaner.
GBP/USD: Cable Remains Constructive Despite Weak UK GDP Numbers, All Eyes on US CPI/Fed
Cable ticked higher in European trading on Wednesday, showing no significant reaction on overall negative UK economic data (GDP was flat in April/construction and manufacturing output fell sharply) as traders await release of US CPI data and signals from Fed at the...
Oracle and Google Cloud Forge Multicloud Alliance to Accelerate Application Modernization
Oracle and Google Cloud have unveiled a strategic partnership aimed at offering customers a seamless integration of Oracle Cloud Infrastructure (OCI) and Google Cloud services. This collaboration is designed to accelerate application...
SEC fines short-seller over secret payments to publisher of bearish reports on cannabis stocks
Anson Funds Management and Anson Advisors were fined $2.25 million for making secret payments to a researcher who published bearish reports and negative tweets about two cannabis stocks
New database features 250 AI tools that can enhance social science research :: InvestMacro
By Megan Stubbs-Richardson, Mississippi State University; Devon Brenner, Mississippi State University; Lauren Etheredge, Mississippi State University, and MacKenzie Paul, Baylor University AI – or artificial intelligence – is often used as a way to summarize data and...
IPO season is back with more than 2 dozen companies chase Rs 30,000 crore, ET BFSI
Mumbai: India's primary market is poised to see a flurry of IPOs with more than two dozen companies expecting to go public over the next two months, aiming to raise more than ₹30,000 crore. Investor hopes have renewed with the Modi government returning for a third...
World Bank upgrades global growth outlook on resilient US economy, ET BFSI
The World Bank raised its global growth outlook on Tuesday on the back of resilient consumer spending in the United States, but warned that growth remains weak by historical standards.In updated forecasts, the Washington-based development lender said it now expects...
Euro Hits Monthly Low Amid Political Instability in France
The EUR/USD pair declined to 1.0740 on Wednesday, nearing the month’s low. This downward movement is primarily driven by the political instability in France following the significant developments in the European Parliament elections. French President Emmanuel Macron...
Oil prices rise after industry data shows fall in U.S. crude, gasoline inventories
Oil futures rose Wednesday as investors sifted through a raft of updated forecasts and awaited official data on U.S. inventories after industry figures showed a decline last week in crude stocks.
Influencing ALPACA, MDX, NFP, QUICK and XAI, Binance to Delist Several Spot Trading Pairs on June 14, 2024
Binance, a leading cryptocurrency exchange, has announced its decision to delist several spot trading pairs to maintain a high-quality trading market. This move, effective from June 14, 2024, is based on periodic reviews that assess...
BitMEX Implements Fair Price Marking for IOUSDTM24 Contract
BitMEX has announced a significant update to the IOUSDTM24 contract, transitioning its Mark Method to Fair Price marking from June 12, 2024, at 04:45 UTC. This change, according to a BitMEX Blog, aims to provide a more accurate...
Citi, Emirates NBD partner to launch Citi’s 24/7 USD Clearing service in the Middle East
Today, Citi (NYSE:C) and Emirates NBD announced a collaboration to launch Citi’s first-of-its-kind 24/7 USD Clearing service in the Middle East. This makes Emirates NBD the first bank to use Citi’s 24/7 USD Clearing service to make cross-border USD payments available...
EU to impose tariffs of up to 38% on Chinese electric vehicles
EU to impose tariffs of up to 38% on Chinese electric vehicles
Mistral AI raises $645 million at a $6 billion valuation
French founder of artificial intelligence start-up Mistral AI, Arthur Mensch attends the Viva Technology show at Parc des Expositions Porte de Versailles on May 22, 2024 in Paris, France.Chesnot | Getty Images Entertainment | Getty ImagesMistral AI, a French tech...
After a robust FY24, credit offtake moderates in April 2024, BFSI News, ET BFSI
Gross bank credit offtake witnessed an increase of 19% year-on-year (y-o-y) in April 2024 propped by the impact of the merger between the HDFC twins and by growth in personal loans and commercial real estate.Without considering the merger, the y-o-y growth stood at...
EUR/GBP Daily Outlook – Action Forex
Daily Pivots: (S1) 0.8440; (P) 0.8456; (R1) 0.8472; More… Intraday bias in EUR/GBP remains on the downside. Current down trend should target 0.8376 projection level next. On the upside, above 0.8446 minor resistance will turn intraday bias neutral and bring...
All eyes on FM Sitharaman for next-generation reforms to sustain growth, create jobs, ET BFSI
Budget 2024: The Union Budget 2024, likely to be presented by Finance Minister Nirmala Sitharaman in early July, is expected to outline the Narendra Modi government's vision for the next five years. It will also be closely monitored for the next-generation reforms...
Nelson Peltz’s activist fund Trian Partners takes ‘significant position’ in U.K. pest control firm Rentokil
Shares in Rentokil Initial jumped by up to 16% on Wednesday on reports Nelson Peltz’ Trian Partners had acquired a substantial stake in the pest control firm
EUR/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 168.24; (P) 168.83; (R1) 169.37; More… Intraday bias in EUR/JPY remains neutral as range trading continues. On the downside, break of 168.01 support will strengthen the case that rise from 164.31 has completed at 170.78 already. Intraday bias will...
Dukascopy expands lineup of CFDs with addition of 40 Italian stocks
Dukascopy today announced a significant expansion of its CFD instrument offerings. Now, Dukascopy clients can venture into the dynamic world of Italian stocks and the Italy 40 Index. Italian equities have long been a cornerstone of the European financial landscape,...
IBBI proposes simplified compliance framework for insolvency resolution process, ET BFSI
The Insolvency and Bankruptcy Board of India (IBBI) has proposed simplifying the forms used in the corporate insolvency resolution process (CIRP) by resolution professionals (RPs). This proposal, outlined in a discussion paper released earlier this week, aims to...
Influencing NOT, TRU and WIF, Binance to Introduce New Trading Pairs and Trading Bots Services on Spot Platform
In a bid to enhance the trading experience and expand the diversity of trading options, Binance has announced the addition of new trading pairs and trading bots services on its Spot platform. According to Binance official blog, trading...
This widespread inflation myth is a big problem for Biden
Many consumers think the government is to blame for higher prices, new research shows. That’s “punishing” for the president, one expert says.
Elon Musk drops suit against OpenAI and Sam Altman
In this photo illustration, the logo of 'OpenAI' is displayed on a mobile phone screen in front of a computer screen displaying the photographs of Elon Musk and Sam Altman in Ankara, Turkiye on March 14, 2024.Muhammed Selim Korkutata | Anadolu | Getty ImagesElon Musk...
NZDUSD Recoups Post-NFP Slide – Action Forex
NZDUSD surges to its highest since March 8 But undergoes a setback after strong NFP report Oscillators ease but remain in positive zones NZDUSD has been in an aggressive uptrend following its 2024 bottom of 0.5851 in mid-April, posting a fresh three-month high last...
Steps to Install TensorFlow Keras
Machine learning frameworks such as TensorFlow and Keras have revolutionized the transformation of the artificial intelligence landscape. The frameworks help machine learning and deep learning engineers work on new projects without worrying about the technicalities....
Why the Trump campaign never fundraised off the Hunter Biden trial
Republican presidential candidate and former U.S. President Donald Trump reacts during a campaign event, in Las Vegas, Nevada, U.S. June 9, 2024. Brendan McDermid | ReutersFormer President Donald Trump has spent years attacking Hunter Biden, President Joe Biden's only...
PM Modi’s announcement on PMAY to boost GDP by over half-trillion-dollar, ET BFSI
PM Modi’s announcement on PMAY to boost GDP by over half-trillion-dollarAs the Prime Minister Narendra Modi took oath for his third term, the first decision he took was the approval of government assistance for the construction of three crore rural and urban houses...
‘I have a new lease on life’: I sold my business for $130,000. It’s the first time in my life I’m not living paycheck to paycheck. What should I do with this cash?
“I have $150,000 left on my mortgage with 7.3% interest.”
U.S. reportedly weighing more limits on China’s access to AI chip tech
Sinology | Moment | Getty ImagesThe U.S. could further tighten restrictions on China's access to chip technology critical for artificial intelligence, Bloomberg reported on Tuesday.The Biden administration is weighing actions that would target high-tech chip...
Interactive Brokers makes new Exchanges and products available on its platform
Electronic trading major Interactive Brokers has made new Exchanges and products available on its platform. CEDX is Cboe’s pan-European derivatives exchange, offering trading in index derivatives and single-stock options. Traders can make use of greater precision with...
9 banks have revised fixed deposit terms, rates after new RBI rule, ET BFSI
Many big banks have revised their fixed deposit interest rates and terms in accordance with new rule set by the Reserve bank of India (RBI) in its latest monetary policy meet.The RBI announced the proposal to revise the definition of bulk fixed deposits. As per the...
Crypto Market Took a Break from Support
Market picture The crypto market cap lost another 0.9% over the last 24 hours, pulling back to $2.44 trillion and extending losses from Friday’s peak to 8%. Since the end of the day on Tuesday, market volatility has noticeably decreased as more traders are taking a...
Gwyneth Paltrow is selling this show-stopping Brentwood estate for $30 million
The eight-bedroom, 11-bath estate includes a chef’s kitchen, wine cellar, estate manager’s office, gym, and game room and home theater.
AWS to launch new infrastructure region in Taiwan as it expands in APAC
Rio de Janeiro , Brazil - 4 May 2023; Amazon Web Services branding, during day three of Web Summit Rio 2023 at Riocentro in Rio de Janeiro, Brazil. (Photo By Eóin Noonan/Sportsfile for Web Summit Rio via Getty Images)Eóin Noonan | Sportsfile | Getty ImagesAmazon Web...
Pantera Capital Highlights Strategic Investment in Everclear
Pantera Capital, a prominent blockchain investment firm, has announced a strategic investment in Everclear, a move that underlines the firm's commitment to expanding its diversified portfolio. This investment is expected to bolster...
Biden Hamptons fundraising trip
US President Joe Biden disembarks Air Force One upon arrival at Paris Orly airport near Paris, on June 5, 2024, as he travels to commemorate the 80th anniversary of D-Day.Julien De Rosa | Via ReutersPresident Joe Biden is planning a fundraising swing through the ritzy...
PSU banks still remain top bet in financial space: Rahul Shah, ET BFSI
"This quarter numbers were pretty strong versus the private banks. So, PSU still remains the top bets in the financial space and that is what the mood also among from the desk as well," says Rahul Shah, MOSL.How is the mood at the desk? Are you recommending your big...
National Amusements stops Skydance talks on Paramount
The Paramount Studios in Los Angeles, California, US on Monday, April 29, 2024. Eric Thayer | Bloomberg | Getty ImagesNational Amusements has stopped talks with Skydance on a proposed merger with Paramount Global, ending months of deal discussions without a...
