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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...
Schroders implements Broadridge’s Consumer Duty solution for distributor feedback
Fintech company Broadridge Financial Solutions, Inc. (NYSE:BR) today announced a new agreement with global investment management firm, Schroders, to better protect consumers and prioritize their needs under the U.K. Financial Conduct Authority’s (FCA) Consumer Duty...
Rupee logs new record low of 83.57 vs dollar, BFSI News, ET BFSI
Mumbai: The rupee weakened to a new low of 83.57 against the dollar in the interbank foreign exchange market on Tuesday. The dollar gained against most Asian currencies ahead of the US Fed's meeting on Wednesday.The rupee has been under pressure this week. After...
GBP/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 199.77; (P) 200.09; (R1) 200.49; More… Intraday bias in GBP/JPY remains neutral for the moment. On the upside, decisive break of 200.72 will resume larger up trend. Nevertheless, break of 197.18 will turn bias to the downside and extend the...
Nathan’s hot-dog eating champ Joey Chestnut is now promoting plant-based franks
The competitive-eating great is joining forces with plant-based meat company Impossible Foods — but he’s been banned from the Nathan’s Famous Fourth of July event as a result.
Apple Vision Pro to debut in China, Japan and Singapore this month
The Apple Vision Pro headset is seen on display at the Fifth Avenue Apple store on February 02, 2024 in New York City. Michael M. Santiago | Getty ImagesApple announced on Tuesday that it will launch its flagship virtual reality headset, the Apple Vision Pro, in...
India cenbank’s reserve maintenance system for banks fails on Tuesday, traders say, ET BFSI
By Dharamraj DhutiaMUMBAI, - India's central bank system that enables lenders to manage their day-to-day liquidity needs did not work on Tuesday due to a technical issue, treasury officials said, its first such failure since it was set up nearly four years ago.The...
FX option expiries for 12 June 10am New York cut
There are a few to take note of on the day, as highlighted in bold.The ones for AUD/USD will matter more for the session ahead at least. They are layered between 0.6615 to 0.6630 and should keep price action more contained before we get to the main events later...
Oracle’s cloud AI deals excite investors, but do they have long-term potential?
‘We do not believe these AI demand-driven partnerships will last forever,’ one analyst says.
Oracle (ORCL) Q4 earnings report 2024
Oracle shares jumped as much as 11% in extended trading on Tuesday after the software maker announced cloud deals with Google and OpenAI, despite fourth-quarter results that fell short of Wall Street expectations.Here's how the company did in comparison with LSEG...
Joey Chestnut out over plant-based partnership
Nathan's Famous Fourth of July International Hot Dog-Eating Contest contestant Joey Chestnut stands next to the Nathan's mascot Frankster, ahead of the official weigh in ceremony in the Manhattan borough of New York City, New York, U.S., July 2, 2021.Angus Mordant |...
Key witness Jose Uribe questioned
U.S. Senator Robert Menendez (D-NJ), arrives at Federal Court, for his bribery trial in connection with an alleged corrupt relationship with three New Jersey businessmen, in New York City, U.S., June 11, 2024. Shannon Stapleton | ReutersDefense attorneys on Tuesday...
Risk-On Sentiment Holds; Key US Inflation and Fed Announcements Loom
The forex markets are predominantly range-bound today as traders eagerly anticipate two pivotal events: US Consumer Price Index release and Federal Reserve’s economic projections. These announcements have the potential to trigger significant market volatility, given...
Binance Completes CRV Integration on Arbitrum One and Optimism Networks
Binance has successfully completed the integration of Curve (CRV) on the Arbitrum One and Optimism networks. This integration facilitates deposits and withdrawals for CRV on these two prominent Layer 2 scaling solutions, according to...
SEC charges Marc Henry Menard in connection with $1.65M fraudulent investment scheme
The Securities and Exchange Commission (SEC) filed charges against Marc Henry Menard in the Eastern District of New York for allegedly defrauding more than fifty individuals, many from the Haitian-American community, of at least $1.65 million. According to the SEC’s...
OpenAI Expands AI Capabilities via Oracle Cloud Infrastructure Partnership
OpenAI has announced a strategic partnership with Oracle and Microsoft to extend the Microsoft Azure AI platform to include Oracle Cloud Infrastructure (OCI). This collaboration aims to provide additional capacity for OpenAI's AI...
NBFC body urges RBI to review provisions on infra loans, ET BFSI
NBFC body urges RBI to review provisions on infra loansThe Finance Industry Development Council (FIDC) on Tuesday urged the Reserve Bank of India (RBI) to review its recent proposal calling for an increase in the provisions that lenders have to set aside against...
Nirmala Sitharaman assumes charge, ET BFSI
Nirmala Sitharaman on Wednesday assumed the charge of Union Finance Minister in Modi3.0For the second consecutive term in a row.She was earlier a Minister of State during the first term of the Modi Government (2014-2019).While assuming the charge, she expressed her...
Natural-gas surges over 7% to end at 5-month high on forecasts for extreme heat
Natural-gas futures jumped more than 7% Tuesday, lifted by weather forecasts calling for above-average heat across much of the U.S.
OpenAI insider stock sales are raising concern among ex-employees
OpenAI CEO Sam Altman speaks during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024. Jason Redmond | AFP | Getty ImagesOpenAI plans to allow stakeholders to sell a portion of their shares every year, but the company,...
Crypto Nosedive – Action Forex
Market Picture The cryptocurrency market spent Monday in a very narrow range but started Tuesday with a violent sell-off, losing over 2.8% in 24 hours to $2.47 trillion. Bitcoin is retreating at the same pace as the market as a whole, while Ethereum is down 3.5%. Top...
BitMEX Delists FETUSD Perpetual Swap Contract
BitMEX has officially delisted the FETUSD perpetual swap contract as of June 7, 2024. This action marks a significant update in the trading options available on the platform, according to the BitMEX Blog. Closure of Positions All...
Apple Intelligence today is like seeing the first iPhone back in 2007. You know great things are coming.
If you had judged the iPhone based on the original product, you would have missed the entire vision.
WeWork emerges from bankruptcy, announces John Santora as new CEO
A WeWork co-working office space in New York, US, on Tuesday, Nov. 7, 2023.Yuki Iwamura | Bloomberg | Getty ImagesWeWork, the shared office space company once valued at $47 billion, emerged from bankruptcy on Tuesday, and named Cushman & Wakefield executive John...
Alarming UK Labour Market Data
Unexpected weakness in the UK labour market could signal an important turnaround in the economy and raise the urgency of monetary easing. The short-term impact on the Pound has been relatively limited, but the currency market has now adopted a wait-and-see approach...
DXtrade adds TradingView advanced charting as a widget
Devexperts, the developers of DXtrade, an out-of-the-box trading platform with an open API, has announced their third integration with TradingView. Last year DXtrade integrated with TradingView to offer brokers one-platform trade execution, better user experience, and...
Fed’s rate-cut path in 2024 is a ‘very close call’ as market awaits Powell’s guidance
Markets are gearing up for a big day on the U.S. economic calendar.
Euro Under Pressure as Macron Calls Snap Election
The euro is down for a third straight day and has dropped 1.3% since Thursday. EUR/USD is trading at 1.0731 in the European session, down 0.32% on the day. There are no releases out of the US or the eurozone today. It was a busy weekend in Europe, as voters went to...
Binance Introduces New Fee Structure for Managed Sub-Accounts (MSA)
Binance, one of the world’s leading cryptocurrency exchanges, has announced significant updates to its Managed Sub-Account (MSA) functionality. These changes, effective from July 1, 2024, alter the fee structure and introduce new...
Garanti BBVA Digital Assets now offers crypto wallet service on its mobile platform
Garanti BBVA Digital Assets, the first initiative of Garanti BBVA Financial Technologies Inc., is now offering crypto wallet service on its mobile platform. This marks the first time in Turkey that a bank subsidiary has developed and implemented a crypto currencies...
Virgin Galactic shares skyrocket, on pace for biggest gain in 2 weeks
The space-tourism company’s stock rallied Tuesday after ending Monday’s session down more than 5%.
AI is getting very popular among students and teachers, very quickly
Hyoung Chang | Denver Post | Getty ImagesThe American public as a whole remains on the fence with artificial intelligence, according to many polls, but in education, adoption among teachers and students is rapidly rising.In a little over a year, the percentage of...
EUR/GBP Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8440; (P) 0.8456; (R1) 0.8472; More… EUR/GBP’s decline continues to as low as 0.8418 so far. Intraday bias remains on the downside for 0.8376 projection level next. On the upside, above 0.8446 minor resistance will turn intraday bias neutral and...
GM cuts EV production outlook but stresses that demand remains strong
Shares of General Motors Co. were trading at more than a two-year high but pared earlier gains after the automaker cut its full-year outlook for electric-vehicle production.
Nuvei partners with ViaPlus – FX News Group
ViaPlus, a subsidiary of VINCI Highways, and Canadian fintech company Nuvei Corporation (TSX:NVEI) today announce a partnership to deliver an enhanced payment experience for consumers when purchasing mobility services. The partnership will integrate ViaPlus’ mobility...
Aussie Edges Lower as Business Confidence Slips
The Australian dollar has declined by 0.28% on Tuesday. AUD/USD is trading at 0.6600 in the European session, down 0.16% on the day. On the data calendar, Australian NAB business confidence was weak and there are no economic releases out of the US. Australian business...
Binance Introduces IO.NET (IO) Across Multiple Trading Options
Cryptocurrency exchange giant Binance has announced the addition of IO.NET (IO) to a range of its trading and investment platforms, including Binance Simple Earn, Buy Crypto, Binance Convert, Binance Margin, Binance Futures, and Binance...
Buffett partner Charlie Munger kept these rules about investing and life that you can use too
A tribute to the late ‘architect’ of Berkshire Hathaway highlights his guiding principles and philosophy.
Cryptocurrencies fall as investors await Fed decision, bitcoin dips under $67,000
Cryptocurrencies slumped on Tuesday as bitcoin extended its recent slide and investors awaited the Federal Reserve's next rate decision.The price of bitcoin dropped more than 4% to $66,475, according to Coin Metrics, extending a decline that began Friday when bitcoin...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 155.57; (P) 156.33; (R1) 157.52; More… USD/JPY retreats ahead of 157.70 resistance and intraday bias stays neutral. On the upside, break of 157.70 will resume the whole rise from 151.86 and target 160.20 high. Nevertheless, break of 154.53 will turn...
DTCC, Cboe Clear Europe to launch new clearing workflow for OTC cash equities trades
Post-trade market infrastructure DTCC today announced it is working with Cboe Clear Europe to deliver an enhanced post-trade workflow for over-the-counter (OTC) cash equities trades to help increase settlement efficiencies across UK and European markets. DTCC will...
BitMEX to Launch IOUSDT Perpetual Swap with Up to 10x Leverage
BitMEX, a leading cryptocurrency derivatives exchange, has announced the introduction of a new perpetual swap listing, IOUSDT, which will be available for trading starting June 12, 2024, at 04:00 UTC. This new listing will offer traders...
I met a woman on Hinge who says she wants a man who believes in ‘chivalry.’ Is this just code for a free meal?
“She said her ideal date was a man who would give her a choice of three restaurants and take charge of the date.”
SBI, other public sector banks suggest steps to boost deposits, ET BFSI
State Bank of India and other public sector lenders are urging the government to allow them to offer incentives to bolster deposits, which have slumped hitting credit flows.Banks' deposit growth in FY24 was well below the rise in credit, forcing them to meet the...
Affirm buy now, pay later loans coming later this year
Chris Ratcliffe | Bloomberg | Getty ImagesApple device users will soon be able to tap into buy now, pay later loans from Affirm for purchases, the companies said Tuesday.Affirm will surface as an option for U.S. Apple Pay users on iPhones and iPads later this year,...
Joe Biden says he will ‘respect the judicial process’ as Hunter considers appeal
U.S. President Joe Biden and son Hunter Biden disembark from Air Force One at Hancock Field Air National Guard Base in Syracuse, New York, U.S., February 4, 2023.Elizabeth Frantz | ReutersPresident Joe Biden said Tuesday he will not challenge the federal jury verdict...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8952; (P) 0.8969; (R1) 0.8982; More…. USD/CHF is still bounded in range of 0.8880/8987 and intraday bias remains neutral. On the upside, firm break of 0.8987 support turned resistance will argue that correction from 0.9223 has completed, after...
IOTA Awards $2.36 Million in Grants to 20 Blockchain Projects
The IOTA Foundation has awarded $2.36 million in grants to 20 blockchain projects as part of its ongoing IOTA Grants program, according to the IOTA Foundation Blog. The initiative aims to foster innovation within the IOTA ecosystem by...
Interest rates may need to go higher if the Fed wants inflation at 2%
Easing too soon would likely reignite inflation and require the Fed to hike rates again.
Bitcoin price tests crucial 100-day MA at $66,723
Seller pushing Bitcoin lower today and testing a key areaThe price of a Bitcoin is down sharply in trading today, and has moved down to test it 100-day moving average at $66,723. The low price for the day has reached $66,529. That low is below the 100-day moving...
Exclusive: CPT Markets hires Vantage exec Nicholas Chantzaras as Head of Sales UK
FNG Exclusive… FNG has learned that London/Dubai based Retail FX and CFDs broker CPT Markets has continued a recent hiring spree, adding experienced industry executive Nicholas Chantzaras as Head of Sales for its CPT Markets UK unit. Nicholas Chantzaras joins CPT...
Bank of India acquires over 6 pc stake in CCIL IFSC, BFSI News, ET BFSI
State-owned Bank of India on Monday said it has acquired a 6.125 per cent stake in the recently incorporated CCIL IFSC, listed in GIFT SEZ, reflecting its commitment to the growth of IFSC. The announcement was made by Bank of India's Executive Director (International...
GM trims 2024 EV forecast amid slower-than-expected demand
GM's 2024 Chevrolet Equinox EV during a media launch event for the vehicle in Detroit, May 16, 2024.Michael Wayland / CNBCDETROIT – General Motors is trimming its expected sales and production of all-electric vehicles this year, as U.S. adoption of EVs occurs slower...
Trump wants IRS to stop taxing workers’ tips, as Americans say tipping is ‘out of control’
While Americans mull which workers to tip and how much they should be paying them, former President Donald Trump is saying tip earners shouldn’t have to give the Internal Revenue Service any cut of the gratuities they receive.
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2700; (P) 1.2719; (R1) 1.2749; More… Intraday bias in GBP/USD stays neutral as sideway trading continues. Considering bearish divergence condition in 4H MACD, firm break of 1.2680 support will turn bias back to the downside for 55 D EMA (now at...
DOJ blasts GOP conspiracy it controlled NY trial
U.S. Attorney General Merrick Garland speaks during a news conference at the Department of Justice Building on March 21, 2024 in Washington, DC. Anna Moneymaker | Getty ImagesThe Department of Justice blasted House Republicans for spreading the "completely baseless"...
Affirm’s stock charges up after Apple announces payments partnership
Affirm Holdings’s stock rallied Tuesday after the provider of buy-now-pay-later payment options disclosed a partnership with Apple.
Apple shares pop to record high after company unveils AI software
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 shares popped 5% to a new record high of around $203 per share on Tuesday, a day after...
Chiliz (CHZ): Italy and Argentina Launch Exclusive Digital Collectibles to Celebrate Championship Legacies
Italy and Argentina, the reigning European and South American champions respectively, have announced the launch of an exclusive series of digital collectibles titled ‘The Fabric of Champions,’ according to Chiliz (CHZ). Engaging Fans...
SEC charges Joonko founder in connection with $21M fraudulent scheme
The Securities and Exchange Commission (SEC) today charged Ilit Raz, CEO and founder of the now-shuttered artificial intelligence recruitment startup Joonko, with defrauding investors of at least $21 million by making false and misleading statements about the quantity...
Sunset Market Commentary – Action Forex
Markets Euro weakness remains name of the game in the wake of French President Macron’s snap election call as his coalition got whacked in EU elections. ECB comments played a role as well. EUR/USD set a new sell-off low around 1.0730 from starting levels near 1.0775....
RBL Bank revises savings, FD interest rates, ET BFSI
RBL Bank has revised the interest rates of fixed deposits for amounts below Rs 2 crore. The revised FD interest rates are effective from June 8, 2024. The bank has also revised savings account interest rates, and the new rates are effective July 1, 2024.Up to 7.75% FD...
Americans agree: No one knows what to do about student debt
A new poll finds that the majority of Americans don’t approve of how government leaders, regardless of their party or position, are handling student loans.
Spotify to introduce expensive plan later this year
In this photo illustration, the Spotify music app is seen on a phone on June 04, 2024 in New York City. Spotify made an announcement that it will be raising the price of its Spotify Premium Individual plan by $1, from $10.99 to $11.99 per month and the Premium Family...
Verdict reached in gun case
Hunter Biden, son of U.S. President Joe Biden, departs from the J. Caleb Boggs Federal Building on June 3 2024, in Wilmington, Delaware. Biden is standing trial for felony gun charges.Anna Moneymaker | Getty ImagesJurors reached a verdict Tuesday morning in the...
Will Bank of Japan Hint at a July Hike?
Investors see decent chance for BoJ hike in July But struggling economy complicates the policy outlook Report on bond buying sets the hawkish bar even higher The Bank decides on Friday at 03:00 GMT Obstacles in the road for the next BoJ hike At its latest gathering on...
Which cryptos could see biggest moves after US CPI/Fed meeting? :: InvestMacro
By ForexTimeBitcoin, Ethereum falling over 3% each todayMarkets angsty ahead of Wednesday’s US CPI, Fed decisionAvalanch has seen biggest up/down moves post-CPIDogecoin, Solana historically more reactive to Fed meetingsTraders could profit from big crypto volatility...
Bank of Baroda launches GenAI Hackathon in collaboration with Microsoft, ET BFSI
Bank of Baroda, in collaboration with Microsoft, has announced the launch of a nationwide hackathon focused on Generative Artificial Intelligence (GenAI).Open to individuals and teams, including developers, students, professionals, start-ups, and fintechs, this...
GM board approves a new $6 billion stock-buyback program
In another shareholder-friendly move, the company raised its quarterly dividend in the first quarter to 12 cents a share from 9 cents previously.
Sotheby’s, Fanatics team up to offer rare sports trading card auctions
A 1948 Leaf #79 Jackie Robinson card, which is the only true rookie card of the sports icon.FanaticsFanatics wants to expand the sports trading card industry. Now it's aiming to meet high-end collectors through a new partnership with Sotheby's that will create a...
Optimizing Game Highlights with AMD Ryzen™ AI: A Guide for Gamers and Developers
GamePP, an independent software vendor (ISV), is making waves in the gaming industry by utilizing AMD Ryzen™ AI technology. The company offers professional assistant tools that focus on hardware monitoring, game optimization, and...
USD/JPY: Remains Constructive and Eyes US Inflation and Fed Verdict for Fresh Direction Signals
USDJPY remains constructive and probing above 157 barrier (the upper borderline of triangular consolidation and Fibo 61.8% of 160.19/151.85 bear-leg), but ranges are narrowing ahead of key releases this week – US inflation report and Fed rate decision, both due on...
Wells Fargo exec sees the most loan stress in older office buildings
Wells Fargo CFO Michael Santomassimo points out some bright spots along with loan problems in commercial real estate.
Hunter Biden gun trial jury deliberates
Hunter Biden, son of U.S. President Joe Biden, and his wife Melissa Cohen Biden walk outside the federal court as his trial on criminal gun charges continues, in Wilmington, Delaware, U.S., June 11, 2024. Hannah Beier | Reuters(This story is developing and will be...
Warner Bros. Discovery strikes French Open U.S. broadcast deal
Spain's Rafael Nadal reacts as he plays against Germany's Alexander Zverev during their men's singles match on Court Philippe-Chatrier on day two of The French Open tennis tournament at The Roland Garros Complex in Paris on May 27, 2024. Anne-christine Poujoulat | AFP...
Cboe expands collaboration with FTSE Russell to propel innovation in digital asset derivatives
Derivatives and securities exchange network Cboe Global Markets, Inc. today announced it is expanding its collaboration with FTSE Russell, a leading global index provider, to drive product innovation in the digital assets space. This new initiative builds on Cboe and...
IDBI Bank shares jump over 5% on receiving income tax refund order worth Rs 2,702 crore, ET BFSI
Shares of IDBI Bank climbed 5.4% to Rs 90.15 in Monday's intraday trade on BSE after the lender received an income tax refund order amounting to Rs 2,701.6 crore for the assessment year 2016-17."We wish to inform you that IDBI Bank Ltd has received an Order under...
Ripple (XRP) Launches Fund to Boost Innovation on XRP Ledger in Japan and Korea
Ripple (XRP) Unveils XRPL Japan and Korea Fund Ripple has announced the launch of the XRPL Japan and Korea Fund, aimed at fostering innovation on the XRP Ledger (XRPL) in Japan and Korea. According to Ripple, this initiative will support...
US: Small Business Optimism Index Improves in May
NFIB’s Small Business Optimism Index rose 0.8 points to 90.5 in May, beating market expectations for a flat reading of 89.7. Half of the ten subcomponents improved on the month, three deteriorated, and two remained unchanged. The improving categories included...
This cell-tower REIT is laying off more than 10% of its employees
Crown Castle announced Tuesday some changes in how it will run its fiber business, which the cell-tower real-estate investment trust said will lead to a workforce reduction of more than 10%.
BitMEX Launches Q3 2024 Quarterly Futures Amid Regulatory Scrutiny
BitMEX has officially launched its Q3 2024 Quarterly Futures, making them available for trading from June 11, 2024, at 04:00 UTC, according to the BitMEX Blog. New Trading Opportunities The introduction of these quarterly futures presents...
FINRA fines ACS Execution Services for alleged violations of Regulation SHO
ACS Execution Services LLC has agreed to pay a fine of $250,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). ACS provides execution services to broker-dealers and executes orders on an agency, net trade, or riskless principal...
UK’s Rishi Sunak announces election pledges
British Prime Minister Rishi Sunak speaks at the Conservative Party's general election manifesto launch at Silverstone Circuit on June 11, 2024 in Towcester, United Kingdom.Leon Neal | Getty Images News | Getty ImagesLONDON — British Prime Minister Rishi Sunak...
PSBs lean less on OIS as a hedgeon uncertain local rate outlook, ET BFSI
owned banks, with significant ownership in government bonds, aren't relying as much on the derivatives market to hedge domestic interest rate risks amid increasingly evident signs Mint Road would largely be decoupled from global peers while finalising its rate...
Good news on inflation? CPI might show signs of easing prices.
A surprisingly muscular May jobs report didn’t give the Federal Reserve any comfort that inflation is softening, but the latest consumer-price index might offer some good news.
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0739; (P) 1.0760; (R1) 1.0787; More…. EUR/USD’s fall from 1.0915 is in progress and intraday bias stays on the downside. This decline is seen as another falling leg of the corrective pattern from 1.1274. Further decline should be seen to retest...
Roaring Kitty shows he’s holding his GameStop position as stock continues slide
Influential trader and analyst Keith Gill, also known as Roaring Kitty, sparked the recent meme-stock rally with his return to social media.
Apple execs explain why its AI is different
Apple CEO Tim Cook (L), John Giannandrea (C), senior VP of machine learning and AI strategy and Craig Federighi (L), senior VP software engineering, speak during Apple's annual Worldwide Developers Conference (WDC) in Cupertino, California on June 10, 2024. Nic Coury...
Euro’s Brief Respite Ends, Renewed Selloff Driven by French Political Woes
Euro continues to be under significant pressure due to increasing political uncertainty in France. President Emmanuel Macron’s call for a snap election has heightened fiscal consolidation risks, with Moody’s describing this development as “credit negative.” Investor...
Brent Crude Oil stabilises around 81.50 USD amid demand optimism :: InvestMacro
By RoboForex Analytical DepartmentBrent crude oil is holding steady at 81.50 USD per barrel on Tuesday, following a significant surge of over 2.5% the previous day. The price increase was driven by optimistic market expectations about fuel demand this coming summer...
IBC changes set to lift ARC recovery from residential realty by 500-700 bps, ET BFSI
Asset reconstruction companies (ARCs) are set to see an increase in the cumulative recovery rate for stressed residential real estate projects by 500-700 bps to 16-18% as on March 31, 2025, from 11% as on March 31, 2024.This will be driven by improved viability of...
BitTorrent Unveils BTFS v3.0 and Storage Reward Halving to Boost DePIN Efforts
BitTorrent Inc. has announced the launch of BTFS v3.0, alongside a storage reward halving, as part of their efforts to advance Decentralized Physical Infrastructure Networks (DePIN). According to BitTorrent, these initiatives are set to...
I’m 64 and retired to watch my grandkids. My husband, 65, and I have $1.7 million. When should we claim Social Security?
“Should we wait longer to collect Social Security and live off of our 401(k) plans for two years?”
EURJPY Trades Sideways Ahead of Key Events
EURJPY is hovering below the recent 171.56 high Yen failed to benefit from Monday’s euro weakness Momentum indicators point to weakening bullish pressure EURJPY is trading sideways today as the yen has failed to benefit from the euro’s weakness following Sunday’s...
10 Landmark decisions by FM Nirmala Sitharaman that transformed the Indian Economy, ET BFSI
The Indian Economy has witnessed tremendous transformation under the leadership of Finance Minister Nirmala Sitharaman. Being the first full-time woman finance minister of the country, Sitharaman has brought about many reforms and changes, introduced meaningful...
CySEC launches its regulatory sandbox
The Cyprus Securities and Exchange Commission (CySEC) has successfully launched its Regulatory Sandbox during an online event held on June 11, 2024. This initiative marks a significant milestone in the advancement of financial, regulatory, and supervisory technologies...
SBI, other public sector banks suggest steps to boost deposits, ET BFSI
State Bank of India and other public sector lenders are urging the government to allow them to offer incentives to bolster deposits, which have slumped hitting credit flows.Banks' deposit growth in FY24 was well below the rise in credit, forcing them to meet the...
Grab these CDs with rates of up to 5.4% while you can
You may be thanking yourself in a few months.
GM board approves new $6 billion share buyback authorization
General Motors CEO Mary Barra, center, at the New York Stock Exchange, Nov. 17, 2022.Source: NYSEDETROIT – General Motors on Tuesday announced a new $6 billion stock repurchase authorization has been approved by its board.The new buyback authorization comes as an...
ECB’s Lane: Not pre-committing to a particular rate path
In a speech today, ECB Chief Economist Philip Lane noted that the central bank’s baseline projections reflect the market yield curve and anticipate “a set of rate cuts” in 2024 and 2025. He noted that with a clearly restrictive deposit facility rate of 3.75%, ECB...
Conflux (CFX) Announces v2.4.0 Testnet Hardfork Upgrade
Testnet Hardfork Details Conflux (CFX) Network has announced a mandatory hardfork upgrade to its testnet, according to Conflux Forum. The upgrade, named v2.4.0, introduces several critical Conflux Improvement Proposals (CIPs) and requires...
Apple Intelligence could be the superpower AI assistant we’ve always wanted
Apple’s WWDC announcement is all about you and your digital life.
TradingView expands its partnership with FYERS
TradingView today announced an upgrade for its partnership with FYERS by adding options trading capabilities within its broker integration. Launched nine years ago in Bengaluru, India’s Silicon Valley, today, Fyers serves over 500,000 customers and has a daily...
Julius Baer targets rich Indians in Dubai with UBS, JPMorgan hires, ET BFSI
Swiss wealth manager Julius Baer Group Ltd. hired senior bankers from UBS Group AG and JPMorgan Chase & Co. to beef up its business catering to rich Indians in Dubai.Sanjay Advani has joined from UBS as a managing director and team head of Julius Baer’s global...
Sitharaman’s budget next month to lay out economic roadmap of Modi 3.0, ET BFSI
New Delhi: Back in saddle in signs of Prime Minister Narendra Modi preferring continuity in policy, Finance Minister Nirmala Sitharaman is likely to lay out the government's economic agenda when she presents the first annual budget of Modi 3.0 next month. Her task is...
Key Factors Influencing AUDUSD: Analysis and Trading Scenarios
Bearish scenario: Sell below 0.6597 with TP1: 0.6587, TP2: 0.6579, and TP3: 0.6558, with an S.L. above 0.6611 or at least 1% of account capital. Bullish scenario: Buy above 0.6611 with TP1: 0.6626 and TP2: 0.6646, with an S.L. below 0.6597 or at least 1% of account...
BJ’s expands same-day delivery to big-ticket items such as outdoor furniture and TVs
Retailers are stretching to find ways to attract shoppers stressed by a long period of inflation, as they have become highly selective in purchasing.
Mastercard to phase out card entry for e-commerce by 2030 in Europe
Roberto Machado Noa/ LightRocket via Getty ImagesLONDON — The experience of paying for products and services online could feel a lot different in the coming years.Starting from 2030, Mastercard will no longer require Europeans to insert their card numbers manually...
Influencing BB, TNSR and ONDO, Binance Futures Copy Trading Expands with New USD-M Contracts
Binance, one of the leading cryptocurrency exchanges, has announced the addition of new USDⓈ-M contracts to its Futures Copy Trading platform. This expansion aims to provide users with more options for diversifying their trading...
Ripple (XRP) Completes Acquisition of Standard Custody, Appoints Jack McDonald to Lead Stablecoins
Ripple (XRP) Finalizes Acquisition of Standard Custody Ripple, a prominent player in the blockchain and digital assets space, has completed its acquisition of Standard Custody & Trust Company. Standard Custody is an enterprise-grade...
UBS completes transition to single US intermediate holding company
UBS Group AG has completed the transition to a single U.S. intermediate holding company on 7 June 2024, as planned and previously communicated. This marks a further important milestone on UBS’s integration journey. As UBS continues to execute the integration of Credit...
Why this famed value investor sees bitcoin as ‘significantly undervalued’
Our call of the day from Bill Miller IV, portfolio manager and co-founder at Miller Value Partners, says he’s “still betting on bitcoin.”
OpenAI hires new CFO and product chief, announces Apple partnership
Sarah Friar has been named OpenAI CFOAnjali Sundaram | CNBCOpenAI on Monday hired two top executives and announced a partnership with Apple that includes a ChatGPT-Siri integration, the company announced in two blog posts.The company said Sarah Friar, previously CEO...
RBL Bank revises savings, FD interest rates, ET BFSI
RBL Bank has revised the interest rates of fixed deposits for amounts below Rs 2 crore. The revised FD interest rates are effective from June 8, 2024. The bank has also revised savings account interest rates, and the new rates are effective July 1, 2024.Up to 7.75% FD...
Gold: Bears Taking a Breather ahead of US CPI Data – FOMC Policy Decision
Gold price edged lower in early trading on Tuesday, following Monday’s limited consolidation of nearly 4% drop on Friday. Near-term outlook remains bearishly aligned after a massive loss last Friday, sparked by strong US jobs data and reports that China’s central bank...
Rupee flat, volatility expectations drop as RBI maintains grip, ET BFSI
By Jaspreet KalraMUMBAI - The Indian rupee was nearly flat on Tuesday, with traders expecting the currency to largely move sideways as the Reserve Bank of India continued to hurdle sharp declines that also helped cool near-term volatility expectations. The rupee was...
Modi’s ‘lower political capital’ to hit implementation of tough reforms, says UBS, ET BFSI
Mumbai: Prime Minister Narendra Modi's "lower political capital" will make it difficult for the new government to implement hard reforms, a Swiss brokerage said on Monday. The potential rate of growth can go up to over 7.5 per cent, if the government is able to...
‘I once felt that I had nothing’: I had a $8,000 debt that I was ashamed to reveal to my boyfriend, but I turned my life around
“I now see the light at the end of the tunnel.”
Apple Intelligence supported on iPhone 15 Pro, M1 Macs and iPads
Apple Intelligence introduced during Apple's WWDC2024 in Cupertino, California, on June 10, 2024.Source: Apple Inc.Apple finally dove headfirst into artificial intelligence on Monday with its announcement of Apple Intelligence. But to run it on your iPhone, you might...
GBP/USD Shrugs as UK Unemployment Rises, GDP Next
The British pound is drifting on Tuesday. GBP/USD is trading at 1.2720 in the European session at the time of writing, down 0.08% on the day. The UK released the May employment report earlier today. Next up is GDP on Wednesday, with a market estimate of 0% m/m for...
The warming ocean is leaving coastal economies in hot water :: InvestMacro
By Charles Colgan, Middlebury Institute of International Studies Ocean-related tourism and recreation supports more than 320,000 jobs and US$13.5 billion in goods and services in Florida. But a swim in the ocean became much less attractive in the summer of 2023, when...
Sensex, Nifty breach record levels but settle lower amid profit-booking, ET BFSI
Mumbai, Benchmark equity indices Sensex and Nifty ended lower on Monday after hitting their all-time high levels in early trade amid selling in blue-chip IT stocks and HDFC Bank. After breaching the 77,000-mark during the early trade, the 30-share BSE Sensex came...
WNBA reports record TV viewership, highest game attendance in 26 years
Indiana Fever guard Caitlin Clark (22) maneuvers past Washington Mystics guard Ariel Atkins (7) and Washington Mystics guard DiDi Richards (12) during the Washington Mystics-Indiana Fever WNBA game at Capital One Arena in Washington, D.C., on June 7, 2024.Craig Hudson...
Reallusion Enhances Digital Characters with NVIDIA AI Integration
Reallusion is revolutionizing the creation of digital characters by integrating advanced AI technologies from NVIDIA, according to NVIDIA Technical Blog. This collaboration is set to transform animation workflows for filmmakers, game...
Taylor Swift favorite Golden Goose aims for $2 billion valuation in upcoming IPO
Golden Goose, which makes the scruffy sneakers worn by Taylor Swift, is looking to raise $600 million in what is set to be Italy’s biggest public float in more than a year
Elon Musk to ban Apple devices from his companies over OpenAI deal
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 | ReutersElon Musk, the CEO of Tesla and...
Brent Crude Oil Stabilises Around 81.50 USD Amid Demand Optimism
Brent crude oil is holding steady at 81.50 USD per barrel on Tuesday, following a significant surge of over 2.5% the previous day. The price increase was driven by optimistic market expectations about fuel demand this coming summer and news that the US government is...
Modi’s new finance minister has their work cut out as challenges mount, ET BFSI
A day after the swearing-in of PM Narendra Modi and his new council of ministers, speculation is rife about who will be the next finance minister. Will Nirmala Sitharaman retain her position in the finance ministry for a consecutive second term, or will she move to a...
Smart Contracts Development Course is Up to Date
Smart contracts are an integral component in the blockchain and web3 landscape as they empower decentralized applications, DeFi and NFTs. We are excited to announce that the smart contract development course has been updated. It includes changes that reflect the...
India cenbank should review plan to raise provisions against infra loans, lobby group says, ET BFSI
By Siddhi NayakMUMBAI - The lobby group for Indian non-banking lenders on Tuesday asked for a review of a recent proposal from the central bank calling for an increase in the provisions that lenders have to set aside against infrastructure project loans.Last month,...
Bill Gross prefers European bonds over Treasurys and says U.S. stock market is valued at historically high levels
Bill Gross said he would not be comfortable taking a broad position in U.S. stocks, and preferred European government bonds over Treasurys, which could be significantly impacted by the U.S. election.
Tech bosses urge focus on AI skills, growth
U.K. Prime Minister Rishi Sunak (left), leader of the incumbent Conservatives, and opposition leader Sir Keir Starmer of the Labour Party. The politicians traded barbs in their first head-to-head debate on Tuesday ahead of the July 4 General Election.Pa Images | Getty...
iSAM Securities names James Wale as Head of Leveraged Sales EMEA
London based prime-of-prime broker and liquidity solutions provider iSAM Securities has announced the promotion of James Wale to the position of Head of Leveraged Sales EMEA. With over 15 years of experience in institutional sales and relationship management within...
Disney World’s Tiana’s Bayou Adventure Splash Mountain revamp
Tiana's Bayou Adventure opens June 28 at Walt Disney World Resort in Florida! The ride will take guests on a musical adventure picking up after the events of the Walt Disney Animation Studios film, "The Princess and the Frog." Guests will encounter fan-favorite...
Bank of India acquires over 6 pc stake in CCIL IFSC, BFSI News, ET BFSI
State-owned Bank of India on Monday said it has acquired a 6.125 per cent stake in the recently incorporated CCIL IFSC, listed in GIFT SEZ, reflecting its commitment to the growth of IFSC. The announcement was made by Bank of India's Executive Director (International...
GBP/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 199.22; (P) 199.64; (R1) 200.33; More… GBP/JPY is staying in range below 200.72 and intraday bias stays neutral. On the downside, break of 197.28 will strengthen the case that rise from 191.34 has completed. Intraday bias will be back on the...
Jessica Chastain’s elegant Gilded Age New York apartment is yours for $7.4 million
The circa-1885 apartment is in the center of Manhattan, across from Carnegie Hall, near Broadway theaters and Central Park.
Ripple launches Japan and Korea fund to drive blockchain innovation
Ripple cryptocurrency is seen in this illustration photo taken in Krakow, Poland on June 4, 2021. (Photo Illustration by Jakub Porzycki/NurPhoto via Getty Images)Jakub Porzycki | Nurphoto | Getty ImagesBlockchain firm Ripple has launched a Japan and Korea fund, aimed...
Effective Strategies for Crafting a Follow-Up Email
Writing a follow-up email can be a crucial step in various professional and personal scenarios. According to Quillbot Blog, follow-up emails can help reinforce connections, remind recipients of previous interactions, and prompt necessary...
RBI declines to extend Bansal third tenure at Edelweiss ARC as MD & CEO, ET BFSI
The Reserve Bank of India (RBI) declined to reappoint RK Bansal as MD and CEO of Edelweiss Asset Reconstruction (ARC), the company said in a stock exchange notice.R K Bansal, age 66, served two terms of three years each as Edelweiss ARC's MD and CEO. The company's...
FDA advisors recommend Eli Lilly Alzheimer’s drug donanemab
Eli Lilly headquarters in Indianapolis, Indiana, US, on Wednesday, May 3, 2023. Eli Lilly & Co.'s shares climbed in early US trading after its experimental drug for Alzheimer's slowed the progress of the disease in a final-stage trial, paving the way for the...
Roz Smith appointed as COO of Broadridge International
Fintech company Broadridge Financial Solutions, Inc. (NYSE:BR) today announced the appointment of Roz Smith as Chief Operating Officer of Broadridge International. Smith, who is based in London, will work closely with Mike Sleightholme, President of Broadridge...
“I Treated My Sister to a Bucket-List Trip” and Other Big Wins with YNAB
When I first joined YNAB, I was hit with an unexpected challenge: creating a 50-item bucket list. Fifty?! At first, it felt like attempting to fold a fitted sheet.Inspired by my team’s completed lists, I started daydreaming about what it would be like to go on a train...
MF investors keep faith in equity, invest Rs 34k cr in May, BFSI News, ET BFSI
Mutual fund investors committed record funds to equities in May, looking beyond the event risk posed by the election outcome, as several new fund offers (NFO) of sectoral funds hit the market to eventually draw ₹34,697 crore to the category.By comparison, investors...
ECB’s Villeroy downplays month-to-month inflation noises
ECB Governing Council member Francois Villeroy de Galhau highlighted today at a conference that month-to-month inflation data will be volatile due to base effects, particularly related to energy prices. He cautioned that this “noise” in the data is not very...
Smart Contracts Development Course is Up to Date
Smart contracts are an integral component in the blockchain and web3 landscape as they empower decentralized applications, DeFi and NFTs. We are excited to announce that the smart contract development course has been updated. It includes changes that reflect the...
Elon Musk rails against Apple-OpenAI deal, threatens to ban iPhones from his companies
Tesla Chief Executive Elon Musk threatened to ban Apple iPhones from his companies Monday, calling the tech giant’s new deal with OpenAI a security risk and escalating his long-running feuds with both companies.
EU is expected to unveil tariff plans for Chinese EVs this week
TOPSHOT - People look at a BYD Seagull car by Chinese electric vehicle (EV) manufacturer BYD Auto at the Bangkok International Motor Show in Nonthaburi on March 27, 2024. (Photo by Lillian SUWANRUMPHA / AFP) (Photo by LILLIAN SUWANRUMPHA/AFP via Getty Images)Lillian...
India may reduce rates before US Federal Reserve does, BFSI News, ET BFSI
India may reduce rates before the Federal Reserve does as stronger-than-expected employment data in the US weakens the case for monetary policymakers in the world’s biggest economy to begin the cycle of easing, said a report by ICICI Securities Primary Dealership....
FX option expiries for 11 June 10am New York cut
There aren't any major expiries to take note of on the day. That speaks to the lack of interest in price levels for today mostly. The main events in markets will only kick off tomorrow, so there is not much appetite to really chase anything until then. And that is...
OpenAI taps veteran of Nextdoor and Square as new CFO, dismisses IPO speculation
Artificial-intelligence developer OpenAI said Monday that Sarah Friar would become its next chief financial officer, as it prepares to work more closely with a growing number of large companies and deal with an increasingly fraught landscape for the technology.
Computing firm to raise $211 million
A Raspberry Pi 2 Model B single-board computer.Olly Curtis | Future Publishing | Future | Getty ImagesShares of Raspberry Pi on Tuesday rose 39% at its market debut, as the British computing startup seeks to raise some £166 million ($211.2 million) from its initial...
UAW President Shawn Fain under investigation by federal monitor
United Auto Workers President Shawn Fain testifies about the toll of working hours on laborers before the Senate Health, Education, Labor and Pensions Committee in the Dirksen Senate Office Building on Capitol Hill in Washington, D.C., on March 14, 2024.Chip...
Aussie Down on Risk Sentiment and Business Confidence, Yen Also Soft
Australian Dollar is trading broadly lower today, primarily due to selloff in stocks in Hong Kong and China as markets reopened after holiday. This downward pressure is compounded by the decline in Australian business confidence, which turned negative. ANZ has become...
NVIDIA's NV-Embed Model Achieves Top Spot on MTEB Leaderboard
NVIDIA's NV-Embed model sets record with 69.32 score on MTEB, leading in embedding accuracy. (Read More)
IG Securities to discontinue trading in crude palm oil assets
IG Securities, the Japanese subsidiary of electronic trading major IG Group, will discontinue the offering of trading instruments related to crude palm oil. The affected instruments are crude palm oil CFDs and crude palm oil knockout options. The broker explains that...
Bitfarms (BITF) Faces TSX Deferral on Shareholder Rights Plan Consideration
Bitfarms Ltd. (Nasdaq/TSX: BITF), a global Bitcoin mining company, has announced that the Toronto Stock Exchange (TSX) will defer its consideration of the company's tactical shareholder rights plan (Rights Plan). The deferral will remain...
Targeting to hit milestone of Rs 20,000 cr loan book in 8-10 quarters: Shachindra Nath, ET BFSI
"UGRO is now expanding from its current base of 105 locations to 250 locations this year and 400 next year and all of these physical infrastructure which we are building is in tier II to tier V town," says Shachindra Nath, Founder & MD, UGRO Capital.We have heard...
How high growth is delaying RBI rate cuts, BFSI News, ET BFSI
The Reserve Bank of India (RBI) has maintained its stance on the repo rate for the eighth consecutive monetary policy review, marking the longest period of unchanged policy rates since 2000. This extended pause reflects the central bank's cautious approach as it waits...
Bankers ask for final view on PSB divestments, lowered fiscal deficit & interest rates, ET BFSI
As the new government has been formed and ministries have been assigned to the Union Cabinet Ministers, the BFSI industry — from bankers to economists, NBFC leaders to insurance CEOs have started pouring in their expectations and list of industry asks from the newly...
Pre-Workout Power Smoothie Recipe – Better Living
Do you feel like you’re dragging during your workouts? Chances are you’re not eating enough to give your body the fuel it needs. The easiest way to fuel up for that next training session or run is with a smoothie around 60 minutes beforehand. But it needs to have...
Boston Beer merger with cannabis company Green Thumb seen as ‘low-hanging fruit’: analyst
A proposal by Green Thumb CEO Ben Kovler to merge with Boston Beer Co. would capitalize on growing cannabis consumption as some alcohol sales drop, an analyst said Monday,
Cooling costs are expected to soar this summer. Here are 5 ways to keep your bills down.
Air-conditioning bills are expected to soar this summer, but there are steps consumers can take to control them.
CrowdStrike rallies on cybersecurity company’s inclusion in S&P 500
George Kurtz, chief executive officer of CrowdStrikePatrick T. Fallon | Bloomberg | Getty ImagesCrowdStrike shares jumped as much as 10% on Monday after an announcement that the cybersecurity software vendor was joining the S&P 500, replacing financial firm...
SSV DAO Revamps Grants Strategy to Drive Innovation and Strategic Growth
The ssv.network DAO (SSV DAO) has announced a significant update to its grants strategy, aiming to better align with the evolving needs of the ecosystem. This revamped approach emphasizes fostering innovation and forming strategic...
Newsmax plans to go public in deal expected to raise $75 million
The company will list on NYSE or Nasdaq later this year or early in 2025 as “NMAX.”
GBP/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 198.59; (P) 199.20; (R1) 200.01; More… Intraday bias in GBP/JPY remains neutral for the moment. On the downside, break of 197.28 will strengthen the case that rise from 191.34 has completed. Intraday bias will be back on the downside for 195.02...
Monster’s co-CEOs sold a chunk their company’s stock — but wanted to sell a lot more
Monster Beverage Corp. said Monday that it has completed its tender offer to buy back $3 billion worth of its shares, including about $24 million worth of shares that were owned by co-Chief Executives Rodney Sacks and Hilton Schlosberg.
Delta premium economy service coming to NYC-LA flights
A Boeing 767 passenger aircraft of Delta Air Lines arrives from Dublin at JFK International Airport in New York as the Manhattan skyline looms in the background on Feb. 7, 2024.Charly Triballeau | Afp | Getty ImagesDelta Air Lines said Monday that it will bring its...
Stability AI Highlights Innovations at Computex Taipei, Announces Stable Diffusion 3
Computex Taipei, Asia’s largest tech event, recently showcased groundbreaking innovations from major industry players like AMD, Intel, and Nvidia. Stability AI, a key participant, announced significant advancements in AI technology during...
B2Prime, cTrader announce partnership – FX News Group
B2Prime, a multi-asset and multi-market Prime of Prime liquidity provider, and trading platform provider Spotware have announced a partnership. The cTrader platform by Spotware is renowned for its advanced features that cater to professional traders: Clear UI →...
Trump says he will eliminate taxes on tips
Republican presidential candidate and former U.S. President Donald Trump speaks during a campaign event, in Las Vegas, Nevada, U.S. June 9, 2024. Brendan McDermid | ReutersFormer President Donald Trump said he would eliminate taxes on tipped income if he wins a second...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0768; (P) 1.0835; (R1) 1.0870; More…. Intraday bias in EUR/USD stays on the downside at this point. Rebound from 1.0601 might have completed at 1.0915 already. Fall from there could be another falling leg of the corrective pattern from 1.1274....
The bank stocks that conservative investors should consider
The stocks and funds popular among top performing investment newsletters
Traders further lowered their expectations for a Fed interest rate cut this year :: InvestMacro
By JustMarketsAt Tuesday’s close, the Dow Jones Index (US30) decreased by 1.06% and fell to a 3-week low. The S&P 500 index (US500) was down 1.06%. The NASDAQ Technology Index (US100) closed negative 0.58%. Stocks declined amid rising bond yields driven by hawkish...
Elon Musk says it’s ‘not cool’ that big Tesla shareholder opposes $56 billion pay package
Musk says that “roughly 90% of retail shareholders” support a plan to give him a $56 billion bonus this week.
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2688; (P) 1.2750; (R1) 1.2784; More… Intraday bias in GBP/USD remains neutral at this point and outlook is unchanged. . Considering bearish divergence condition in 4H MACD, firm break of 1.2680 support will turn bias back to the downside for 55 D...
Trump Media files reaudited financial statement
A smartphone displays the logo of Donald Trump's Truth Social app on March 25, 2024.Anna Barclay | Getty ImagesTrump Media on Monday submitted an updated inspection of the company's finances by a newly hired public accounting firm, after its last auditor was charged...
Fireblocks Integrates Coinbase International Exchange for Enhanced Trading
Fireblocks expands support to Coinbase International Exchange, offering new trading features for institutional and retail clients. (Read More)
Uniswap (UNI) Labs Acquires Blockchain-Based Interactive Game, ‘Crypto: The Game’
Uniswap (UNI) Labs Expands with New Acquisition In a significant move to diversify its portfolio and enhance user experiences, Uniswap Labs has acquired Crypto: The Game (CTG), an interactive, onchain survival game, according to Uniswap...
Roche alleges counterfeit diabetes medical devices were sold on Amazon
Roche Diabetes Care Inc. Accu-Chek brand glucose test strips are arranged for a photograph in the Brooklyn borough of New York, U.S., on Thursday, April 4, 2019. Alex Flynn | Bloomberg | Getty ImagesRoche, one of the world's largest biotech companies, said "dangerous...
These restaurant companies are expected to show the fastest growth through 2026
Recent winners that are expected to continue rapid expansion include Wingstop, Domino’s and Chipotle, while Starbucks is expected to get its house in order.
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8906; (P) 0.8940; (R1) 0.8998; More…. Intraday bias in USD/CHF remains neutral and outlook is unchanged. On the upside, firm break of 0.8987 support turned resistance will argue that correction from 0.9223 has completed, after drawing support from...
Komainu adds longtime Citi exec Tony Larkin as CFO
Komainu, a regulated custody provider for the digital assets industry operating as a joint venture between Nomura, CoinShares, and Ledger, has announced the appointment of Tony Larkin as Chief Financial Officer (CFO). The appointment comes as Komainu expands its...
Nirmala Sitharaman to continue as India’s Finance Minister, ET BFSI
Modi 3.0: Nirmala Sitharaman to continue as India's Finance Minister In the Modi 3.0 government, Nirmala Sitharaman is set to continue as India's finance minister again as the NDA government announced the portfolio on Monday.Yesterday, while Modi took his oath of...
Walmart upgraded to buy as third-party sellers, advertising and improved fulfillment are winning customers
Advertising, online third-party marketplace sales and fulfillment services now account for about 80% of operating profit in the U.S.
Bitcoin (BTC) Shows Resilience Amid Macroeconomic Uncertainties
Bitcoin (BTC) has demonstrated notable resilience in recent weeks, driven by robust spot ETF flows and consistent net inflows, as detailed in the latest report from Bitfinex Alpha. Despite a generally positive trend,...
Sunset Market Commentary
Markets Elections for the European Parliament this time didn’t pass unnoticed on European markets. They clearly left investors with quite a degree of unease. The ‘gamble’ of French President Macron to call snap elections in an attempt to block the ascent of the...
EURGBP bears ready pounce? :: InvestMacro
Euro ↓ on political jittersEURGBP hits 22-month low UK Jobs report & EU data in focusTechnical level – 0.8500Bloomberg FX model – 80% – EURGBP – (0.84065 – 0.85327)Euro bears are back in action thanks to political uncertainty linked to the European Parliament...
Here’s when the inflation-fighting power of TIPS bonds and ETFs really kicks in
As inflation expectations rise, so does the average amount by which TIPS outperform U.S. Treasurys.
BoE Stays Quiet But Data Could Speak Volumes
BoE stuck between strong US data and the ECB rate cut Labour market data could support August rate cut expectations All eyes on average earnings growth Could the pound maintain its recent gains? BoE remains on the sidelines While the ECB announced its first rate cut...
Republican or Democrat doesn’t matter. Presidential elections boost stocks.
The Dow’s average return is higher in the five months prior to voting.
Tradeweb, FTSE Russell launch Tradeweb FTSE U.S. Treasury Closing Prices
Tradeweb and FTSE Russell today announced that they have launched Tradeweb FTSE U.S. Treasury Closing Prices, extending their combined offering of next generation fixed income pricing, which can be used in index trading products. Similar to the existing Tradeweb FTSE...
GitHub: Essential Git Commands Every Developer Should Master
In the latest installment of their series, GitHub Blog has outlined the top 12 Git commands that are essential for developers to master. Git, a distributed version control system, is fundamental for software development, allowing for...
Fed Pivot Less Likely After Strong NFP, Focus on CPI Report and Dot Plot
A dovish pivot by the Fed is looking less likely at the June meeting Will Fed officials flag two or just one rate cut after strong jobs data? CPI report will also be crucial on Wednesday (12:30 GMT) Statement due at 18:00 GMT will be followed by press conference at...
As Nvidia’s stock split takes effect, this stat shows how far it’s come
Nvidia’s stock is trading Monday near $120, a function of the company’s 10-for-one stock split that was enacted after Friday’s close.
Trump probation interview as legal team readies fight against hush money verdict
Former U.S. President Donald Trump departs the courtroom after being found guilty on all 34 counts in his hush money trial at Manhattan Criminal Court on May 30, 2024 in New York City. Justin Lane | Getty ImagesDonald Trump will participate in an interview Monday with...
politicians to blame :: InvestMacro
By RoboForex Analytical DepartmentEUR/USD plummeted below 1.0800 and is currently hovering around 1.0796 on Monday morning. This development came amid heightened political tensions in France. President Emmanuel Macron called for early elections on Sunday in the wake...
US Indices: Something for Optimists
The US indices, S&P500 and Nasdaq100, closed Wednesday at record highs, taking a decisive step up, adding over 1.1% and 2%, respectively. The Dow Jones index lagged, adding just 0.25% for the day and is 3% off all-time highs. The Nasdaq-100 and S&P500...
Oil prices nudge higher after third straight weekly loss
Oil futures saw tiny gains early Monday, attempting to find a footing after an OPEC+ decision to begin unwinding some voluntary production cuts later this year helped crude post a third straight weekly decline.
Torchy’s Tacos Enhances Operations with Oracle Simphony Cloud POS
Torchy’s Tacos, an Austin-based restaurant chain renowned for its craveable tacos and award-winning queso, has integrated Oracle Simphony Cloud Point-of-Sale (POS) to enhance its operations across 125 locations in the United States,...
Southwest Airlines’ stock surges after activist Elliott says it can soar 77%
Southwest Airlines’ stock surged toward their best day in more than two years Monday, after The Wall Street Journal reported activist investor Elliott Investment Management has amassed a near $2 billion stake in the airline.
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 155.57; (P) 156.33; (R1) 157.52; More… Intraday bias in USD/JPY stays neutral at this point. On the upside, break of 157.70 will resume the whole rise from 151.86 and target 160.20 high. Nevertheless, break of 154.53 will turn bias to the downside...
Bitfarms Implements Shareholder Rights Plan Amid Riot Platforms’ Hostile Takeover Attempt
Bitfarms Ltd. (Nasdaq/TSX: BITF), a global Bitcoin mining company, has announced the adoption of a shareholder rights plan, according to a recent press release. This strategic move comes as a response to an unsolicited takeover bid by...
MoneyGram appoints Gary W. Ferrera as CFO
MoneyGram International, Inc., global financial technology company, today announced the appointment of Gary W. Ferrera as Chief Financial Officer (CFO). In this role, Ferrera will lead all aspects of finance, accounting, tax and treasury, in support of the continued...
Perion’s stock falls after ad-tech company loses Microsoft Bing business
Perion’s stock was down 27% on reduced revenue outlook.
Abbott receives FDA approval for Libre Rio and Lingo
Abbott Chairman of the Board and CEO Robert B. Ford delivers a keynote address at CES 2022 at The Venetian Las Vegas on January 6, 2022 in Las Vegas, Nevada.Ethan Miller | Getty ImagesAbbott Laboratories announced on Monday it received approval from the U.S. Food and...
A Guide for Start-Ups and Corporate Refugees » Succeed As Your Own Boss
Being “Googleable” is crucial for business success. Whether you’re a start-up entrepreneur or a corporate executive transitioning to small business ownership, establishing a strong online presence is essential. This guide will provide actionable steps to make yourself...
Fino Payments Bank eyes tripling digital banking revenue by FY25, ET BFSI
Fino Payments Bank is sharpening its focus on digital banking to spur growth, hoping to tap the market space caused by the exit of Paytm Payments Bank, formerly the largest player in this segment.The rural focused bank aims to get about 15% of revenue this fiscal from...
Euro Staying Pressured Under Pressure Amid Yield Volatility
As US session begins, Euro continues to face significant downward pressure, largely influenced by political developments in France. The call for a snap election following the far-right National Rally party’s gains in the EU election has sparked concerns among...
BitMEX Launches TAIKOUSDT Perpetual Swap with 10x Leverage
BitMEX has announced the launch of its new TAIKOUSDT perpetual swap contract, offering traders an opportunity to engage with up to 10x leverage, according to BitMEX Blog. This new listing is intended to provide traders with more options...
5 things to know before the stock market opens Monday, June 10
Here are five key things investors need to know to start the trading day:1. Nvidia splitsStock futures slipped Monday morning after polishing off a winning week on Friday. Dow Jones Industrial Average futures fell by about 0.2%, while S&P 500 futures and Nasdaq...
Southwest Airlines faces activist challenge from Elliott
A Southwest Airlines jet comes in for a landing at Laguardia Airport in New York City, New York, U.S., January 11, 2023. Mike Segar | ReutersActivist hedge fund Elliott Management has amassed a $1.9 billion stake in Southwest Airlines and plans to push for...
OCC adds Citadel Securities CTO Josh Woods to Board of Directors
Equity derivatives clearing organization OCC today announced the appointment of Josh Woods, Citadel Securities’ Chief Technology Officer, to its Board of Directors. Woods has nearly 20 years of experience in finance and technology. “Josh has a deep knowledge and...
FuelCell’s stock gains after earnings but is still in delisting territory
FuelCell’s stock got a slight lift Monday after the fuel-cell-technology company reported fiscal second-quarter results, but the boost was not enough to get the stock out of delisting territory.
EUR/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 169.14; (P) 169.79; (R1) 170.52; More… Intraday bias in EUR/JPY remains neutral first. 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 be back on the...
Banks ask RBI to ease liquidity rule to keep credit taps open, ET BFSI
Mumbai: Indian banks want the industry regulator to ease the existing liquidity coverage mandate to free up more funds for lending at a time when Mint Road has cautioned financiers about deposits trailing credit disbursements in a booming economy, potentially creating...
Krispy Kreme’s stock soars after Truist upgrades it to buy on high hopes for McDonald’s deal
Truist analysts say it’s time to “indulge in an underappreicated story.”
Family offices are planning big investments in private companies
Family offices are increasingly becoming their own private equity funds and investing in companies directly, according to a new survey.A majority (62%) of family offices made at least six direct investments last year, where they buy a stake in a private company or...
Virtu announces proposed offering of $500M of senior first lien notes due 2031
Virtu Financial, Inc. (NASDAQ:VIRT) announced today that its subsidiaries, VFH Parent LLC and Valor Co-Issuer, Inc., intend to offer $500 million aggregate principal amount of senior first lien notes due 2031. This is an opportunistic private offering that is exempt...
Hunter Biden gun trial live updates
Hunter Biden, son of U.S. President Joe Biden, and his wife Melissa Cohen Biden arrive at the federal court for his trial on criminal gun charges, in Wilmington, Delaware, U.S., June 10, 2024. Hannah Beier | ReutersThis is developing news and will be updated...
EUR/AUD Daily Outlook – Action Forex
Daily Pivots: (S1) 1.6348; (P) 1.6384; (R1) 1.6458; More… EUR/AUD retreated sharply after edging higher to 1.6418 ans intraday bias remains neutral. . On the downside, firm break of 1.6211 support will resume the whole decline from 1.6742, as the third leg of the...
Research Offers New Insights into DAO Governance Mechanisms
Recent research by a16z crypto delves into the complexities of decentralized autonomous organization (DAO) governance, utilizing web3 technology to unravel the intricacies of strategic voting and economic motives in such...
Adobe’s stock gets a downgrade as its AI narrative is nuanced
The software company reports earnings on Thursday.
NBFC Arthan Finance raises Rs 50 crore in equity funding, BFSI News, ET BFSI
Arthan Finance, a non-banking finance company focused on lending to micro and small businesses, has raised Rs 50 crore in equity funding from Incofin India Progress Fund and the Michael and Susan Dell Foundation.The proceeds will help the Mumbai-based startup grow its...
Euro Falls to Four-Week Low: Politicians to Blame
EUR/USD plummeted below 1.0800 and is currently hovering around 1.0796 on Monday morning. This development came amid heightened political tensions in France. President Emmanuel Macron called for early elections on Sunday in the wake of his party’s crushing defeat and...
What is the Role of AI in IoT?
The terms AI and IoT have become ubiquitous and emerged as the most prominent highlights of the future of technology. Businesses must understand the role of AI in IoT to unlock new business opportunities across industries. For example, the combination of artificial...
PishPosh is again seeking to go public
Just two months after pulling plans for a deal, the online retailer of baby products is again filing for an IPO.
Interactive Brokers adds new funds and fund families to Mutual Fund Marketplace
Electronic trading major Interactive Brokers has made new funds and fund families available at the Mutual Fund Marketplace. The Interactive Brokers Mutual Fund Marketplace provides clients from over 200 countries and territories with access to more than 48,000 funds...
Israel between far-right coalition and Gaza cease-fire
Benny Gantz, a member of the country's wartime cabinet, departs after announcing his resignation during a press conference on June 9, 2024.Amir Levy | Getty Images News | Getty ImagesIsrael's war cabinet minister Benny Gantz resigned from the emergency government,...
Binance Celebrates 200M Users with 200 BNB Giveaway
Binance, one of the world’s leading cryptocurrency exchanges, has announced a special event to celebrate a significant milestone: reaching 200 million user registrations. According to Binance, the platform is launching a limited-time...
New govt formation to end election spending drought, ease banking liquidity, ET BFSI
As the incoming government prepares to assume office, banks are expecting relief from the tight liquidity conditions that have prevailed in recent times. Last month, the banking system faced significant liquidity deficits due to reduced government spending and...
ECB’s Nagel urges caution on rate cuts
In a speech today, ECB Governing Council member Joachim Nagel stressed the importance of caution in making further interest rate cuts, citing ongoing economic uncertainty and persistent inflation pressures. Nagel remarked, “I don’t see us on a mountain top from which...
‘People get wealthy in many different ways.’ Money you keep matters more than how much you make.
Save diligently and spend prudently — unless of course money is no object.
HSBC to pay $25k fine for alleged violations of CME rules
International derivatives marketplace CME Group has published a notice of disciplinary action against HSBC Securities (USA) Inc. Pursuant to an offer of settlement in which HSBC neither admitted nor denied the finding or the rule violation upon which the penalty is...
Understanding Cluster Sampling: A Comprehensive Overview
Cluster sampling is a probability sampling method where researchers divide a population into smaller groups called clusters. They then form a sample by randomly selecting clusters, according to Quillbot Blog. What Is Cluster Sampling? The...
Nvidia, Intel, Qualcomm and other chip giants are competing to put AI on your PC. Here’s the front-runner.
How Big Tech’s big week in Taiwan and Nvidia’s Jensen Huang revealed AI’s future on the laptop.
Microsoft outsourcing best AI, Google could end up winning: Okta CEO
This photograph shows a screen displaying the logo of Bard AI, a conversational artificial intelligence software application developed by Google, and ChatGPT.Lionel Bonaventure | Afp | Getty ImagesLONDON — Microsoft is handing over the development of all of its best...
US Dollar Index: Continues to Fly on Growing Wxpectations
Dollar continues to fly on growing expectations that the Fed will stay in higher for longer rate mode The dollar index extends strong rally on Monday, after advancing 0.8% on Friday and started the week with gap higher opening. Upbeat May NFP numbers on Friday added...
Microfinance active loan accounts witnessed uptick, 7.8 cr unique borrowers served in FY24: Report, ET BFSI
Ever since the AP crisis in 2010 and the creation of a new category of NBFC-MFIs in December 2011, the regulations have carefully nurtured the growth of microfinance in India. According to a latest report by Microfinance Industry Network (MFIN), the microfinance...
Dragonfly: Enhanced Vision-Language Model with Multi-Resolution Zoom Launched by Together.ai
Together.ai has announced the launch of Dragonfly, an innovative vision-language model designed to enhance fine-grained visual understanding and reasoning about image regions. The architecture leverages multi-resolution zoom-and-select...
Moderna’s combo COVID and flu vaccine works better than stand-alone shots on the market, study finds
Moderna’s experimental combination COVID and flu vaccine triggered better immune responses than stand-alone shots currently available on the market, according to clinical trial data the company released Monday.
BBVA Chair addresses shareholders regarding transaction with Banco Sabadell
On July 5, 2024, BBVA will hold an extraordinary shareholders’ meeting to approve a capital increase and thus move ahead with the process to purchase Banco Sabadell. BBVA Chair Carlos Torres Vila spoke to the bank’s shareholders today. In his message, he emphasized...
EUR/CHF Daily Outlook – Action Forex
Daily Pivots: (S1) 0.9670; (P) 0.9693; (R1) 0.9708; More…. EUR/CHF’s fall from 0.9928 resumed today and intraday bias is back on the downside for 0.9563 support. Decisive break there will argue that whole rise from 0.9252 has completed, and bring deeper fall to 61.8%...
Moderna combination Covid, flu vaccine shows positive late-stage data
Empty bottles of Moderna's Covid-19 vaccine.Fred Tanneau | AFP | Getty ImagesModerna on Monday said its combination vaccine that targets both Covid-19 and the flu was more effective than existing standalone shots for those viruses in a late-stage trial. The biotech...
Banks ask RBI to ease liquidity rule to keep credit taps open, ET BFSI
Mumbai: Indian banks want the industry regulator to ease the existing liquidity coverage mandate to free up more funds for lending at a time when Mint Road has cautioned financiers about deposits trailing credit disbursements in a booming economy, potentially creating...
‘She has been homeless at times’: How can I leave my financially irresponsible daughter $500,000 without asking for trouble?
“She should at least have a roof over her head as she ages.”
Eurozone Sentix rises to 0.3, recovery continues but lacks momentum
In June, Eurozone Sentix Investor Confidence improved to 0.3 from -3.6, exceeding the expected -1.9. This marks the eighth consecutive monthly increase and the highest reading since February 2022. Current Situation Index also rose for the eighth month in a row,...
Exclusive: GTC / OneRoyal / ATFX alum Mouaz Hosni joins CNBC Arabia
FNG Exclusive… FNG has learned that US business news source CNBC has hired longtime FX industry executive Mouaz Hosni as Assistant Producer for its Middle East online and TV channel unit, CNBC Arabia. Mouaz Hosni has spent more than a decade working in the FX and CFDs...
Exploring AssemblyAI’s Integrations: Enhancing Speech AI Workflows
AssemblyAI continues to enhance its position in the AI landscape by expanding its integrations with top platforms and tools, according to AssemblyAI’s latest newsletter. These integrations aim to improve speech AI workflows across various...
ECB cuts rates, US payrolls surge, ET BFSI
The European Central Bank delivered the interest-rate reduction it’s been flagging for months — moving away from a record high — but stopped short of indicating more cuts may follow.In the US, payrolls surged in May and wage growth accelerated, prompting traders to...
How Wall Street’s hopes for multiple Fed rate cuts this year came undone
May’s jobs report shocked traders and economists and complicated the question of where policymakers should go from here.
France’s Macron calls election his far-right rival Le Pen could win
French President Emmanuel Macron.Chesnot | Getty Images News | Getty ImagesFrench President Emmanuel Macron's decision to call a snap national election after a surge for his far-right rivals is a high-stakes move and a huge political gamble, analysts say.Macron's...
Headwinds Knocked Down Bitcoin & Ethereum
Market picture The crypto market is losing about 4.5% from its peak on Friday, having reversed to the downside after news positive for the dollar. Another batch of labour market figures well above expectations has raised doubts that the Fed will soon follow the ECB...
Taking a home loan? 5 ways you can reduce cost of borrowing and save money, ET BFSI
1.Keep loan tenure as short as possibleThe longer the tenure of a loan, the higher the interest burden. The compounding works against the borrower and inflates the interest outgo. For instance, if you take a Rs.50 lakh loan at 9% for 10 years, you will pay a total...
The famous ‘Home Alone’ house lasted just a week on the market at $5.25 million
The 9,126-square-foot home in Winnetka, Ill., was featured in the beloved 1990 holiday film .
Cboe Options adds two 10G customer switches on NY5
Effective immediately, Cboe Options Exchange (C1) has added two additional 10G switches to the NY5 datacenter customer access layer as part of ongoing switch hardware upgrades in the C1 environment. Two new 10G L3 switches are now available on the existing NY5...
Gold Could Be Poised for a Continuation Lower
Gold violates bullish structure; prints a head and shoulders pattern Short-term risk is negative; confirmation signal awaited below 2,285 Gold has stabilized near May’s floor of 2,285 after losing more than 3.0% on Friday to mark its biggest daily loss in two years....
What to expect from NDA 3.0’s budget #1, BFSI News, ET BFSI
The new NDA government's budget is likely to bake in higher-than-expected growth in the previous year and an unexpected bounty in central bank profits to aim for speedier fiscal correction. This course would support growth by lowering interest rates. If the budget...
Elliott reportedly builds big stake in Southwest Airlines, will seek changes
Activist investor Elliott Investment Management has taken a large stake in Southwest Airlines and intends to push for changes, the Wall Street Journal reported late Sunday.
Understanding Experimental Design: Key Concepts and Types
Experimental design is a crucial aspect of scientific research, providing a systematic plan to test hypotheses and answer research questions. According to Quillbot Blog, it involves manipulating one or more independent variables (IVs) and...
Latest HDFC Bank FD rates: HDFC Bank raises fixed deposit, recurring deposit interest rates
Latest HDFC Bank FD interest rates: HDFC Bank has revised upwards its fixed deposit rates for FDs under Rs 2 crore, following a similar move by the State Bank of India (SBI). The revised rates will come into effect from June 10, 2024.For general customers, HDFC Bank...
ICE Futures US announces settlement of charges against ARB Trading Group North LP
ICE Futures US has announced settlement of charges against ARB Trading Group North LP. A subcommittee of the Exchange’s Business Conduct Committee (BCC) determined that from January 2023 through February 2023 (the “Relevant Period”), ARB Trading, through the actions...
EUR/GBP Daily Outlook – Action Forex
Daily Pivots: (S1) 0.8481; (P) 0.8501; (R1) 0.8512; More… EUR/GBP’s strong break of 0.8491 support confirms resumption of larger down trend. Intraday bias is back on the downside for 0.8376 projection level next. On the upside, break of 0.8539 resistance is needed to...
Driller Noble to buy Diamond Offshore for $1.6 billion
Offshore drilling contractor Noble Corp. on Monday said it will acquire rival Diamond Offshore Drilling in a cash and stock deal with an implied value of $15.52 per share.
Binance Launches Word of the Day Game with 1,000,000 Binance Points Pool
Binance, the leading cryptocurrency exchange, has announced the launch of its new Word of the Day (WOTD) game, according to Binance. This initiative allows users to test their crypto knowledge while competing for a share of 1,000,000...
Green flavour not enticing enough for bond investors, ET BFSI
Green bonds appear to have got off to a circumspect start in India. More than a year after the first such instrument was sold by the government, follow-up issuances have dried up.The absence of financial institutions with a focus on green financing, expectations of...
US Fed’s ‘dot plot’ could offer glimpse of rate-cut resolve, ET BFSI
Investors may glean more on the Federal Reserve's resolve to ease monetary policy when US policymakers update their forecasts for interest rates Wednesday for the first time in three months.The central bank - led by Chair Jerome Powell - is widely expected to hold...
Challenges Faced by New Finance Minister in Navigating Economic Uncertainty, ET BFSI
New Delhi: With the swearing-in of Narendra Modi’s council of ministers over, the question uppermost on everyone’s mind is who will be the next finance minister. Will Nirmala Sitharaman stay in the wood-paneled office on the first floor of North Block, which is home...
FX option expiries for 10 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 1.0775 level. It's not one that holds any technical significance, so I wouldn't attach too much importance to the expiry level. The pair opened today with a gap lower...
Euro slides, French stocks slump as EU elections lead to turmoil
The euro fell vs. the British pound on Monday after European political turmoil that saw France call an unexpected election and Belgium’s prime minister resign.
France’s Macron calls for snap election after losing big to the far right in EU vote
French President Emmanuel Macron speaks during a meeting with members of the AI sector at the Elysee Presidential Palace in Paris, France, on May 21, 2024.Yoan Valat | Afp | Getty ImagesFrench President Emmanuel Macron on Sunday said he would dissolve the country's...
Euro Tumbles Amid Political Uncertainty, Market Eyes FOMC Dot Plot and US CPI This Week
In holiday-thinned Asian trading today, Euro’s sharp decline was the focal point. Investors’ reaction to European Parliament election results was overwhelmingly negative. The far-right’s significant gains have sparked concerns, driving the common currency through key...
CoinShares: Digital Asset Funds See $2 Billion Inflows Amid Anticipation of Rate Cuts
Significant Inflows in Digital Asset Funds Digital asset investment products experienced substantial inflows totaling $2 billion in the first week of June, according to CoinShares. This marks a notable surge in investor interest, likely...
Exclusive: ex Scope Markets CMO James Hughes launches financial marketing co Prezco
FNG Exclusive… FNG has learned that experienced FX industry marketing executive James Hughes has launched a new venture called Prezco. Based in London, Prezco is a content solutions provider specializing in the financial services industry, with a focus on FX/CFD...
South Dakota Gov. Kristi Noem says Trump choosing a woman VP would help him win
South Dakota Governor Kristi Noem speaks at the NRA-ILA Leadership Forum during the National Rifle Association (NRA) annual convention in Houston, Texas, U.S. May 27, 2022. Shannon Stapleton | ReutersSouth Dakota Gov. Kristi Noem, once a strong contender to be former...
BitMEX Updates Mark Method for TKOUSDTZ24 to Fair Price Marking
BitMEX, a prominent cryptocurrency exchange, has announced a significant change to the mark method for its TKOUSDTZ24 contract. Effective from June 6 at 07:00 UTC, the mark method for TKOUSDTZ24 has transitioned to Fair Price marking,...
Israel’s Benny Gantz resigns over lack of plan for postwar Gaza
Israeli war cabinet member Benny Gantz arrives at the US State Department ahead of a meeting with US Secretary of State Antony Blinken on March 5, 2024 in Washington DC.Drew Angerer | AFP | Getty ImagesBenny Gantz, a centrist member of Israel's three-man war Cabinet,...
The Path to Artificial General Intelligence (AGI): A Closer Look
As advancements in artificial intelligence (AI) continue to accelerate, the concept of Artificial General Intelligence (AGI) is becoming increasingly tangible. According to SingularityNET (AGIX), AGI represents a significant leap forward...
Telegram Introduces Stars for Digital Goods Payments
Telegram, a popular messaging platform, has announced a significant update that allows bots and mini apps to sell digital goods and services. This move aims to enhance the user experience for its over 400 million monthly users who...
BitMEX Enhances APIs with New transactTime Feature for Orderbook Feeds
BitMEX, a leading cryptocurrency exchange, has announced an enhancement to its API services. The platform will be adding the transactTime feature to its Level 2 (L2) and Level 25 (L25) orderbook feeds on both WebSocket and REST APIs,...
NVIDIA Enhances Low-Resolution SDR Video with RTX Video SDK Release
NVIDIA has unveiled the RTX Video SDK, a comprehensive suite of AI-powered video enhancements aimed at improving the visual quality of lower-resolution video content. Initially rolled out as a driver API, this advanced technology is now...
Nirmala Sitharaman takes oath as Union minister in PM Modi cabinet, ET BFSI
New Delhi [India], June 9 (ANI): Nirmala Sitharaman, who is among a few who have been Union Minister in both the 2014 and 2019 Modi cabinets, took oath as Union Cabinet Minister in Prime Minister Narendra Modi's new Union Council of Ministers on Sunday evening in the...
Stock market faces midweek double whammy with Fed decision following CPI inflation reading
Stocks will enter the week near all-time highs as investors await a key inflation reading and guidance from the Federal Reserve.
GalaSwap Introduces Project Token Creation Tool for Custom Tokens
GalaSwap, a key player in the crypto ecosystem, has unveiled a new feature aimed at empowering its community: the Project Token Creation Tool. According to Gala News, this innovative tool allows users to create their own custom tokens on...
Narendra Modi takes oath as PM for third straight term, BFSI News, ET BFSI
Narendra Modi on Sunday was sworn-in as the Prime Minister of India for the third consecutive time by President Droupadi Murmu at Rashtrapati Bhavan in Delhi.The BJP-led National Democratic Alliance (NDA) under the leadership of PM Modi will be forming the government...
10BedICU Leverages OpenAI’s API to Revolutionize Critical Care in India
10BedICU has partnered with OpenAI to enhance India's critical care infrastructure using advanced artificial intelligence (AI) technology, according to OpenAI. Improving Critical Care Infrastructure India faces significant challenges in...
Executives’ ‘recession’ chatter hits lowest point since post-lockdown rebound year
After 2022’s inflation surge, many economists were convinced the nation was destined for a recession. Today, executives, at least, are not nearly as worried.
The Role of BNB in Shaping the Future of Web3
The BNB token, often mistaken as Binance’s exchange token, is actually the native coin of the BNB Chain ecosystem. As one of the most diverse and utilitarian coins in the crypto sector, BNB supports a broad and dynamic Web3 ecosystem,...
Binance Futures Adjusts Leverage and Margin Tiers for Multiple Perpetual Contracts
Binance Futures has announced updates to the leverage and margin tiers for several USDⓈ-M perpetual contracts, effective from June 12, 2024, at 06:00 (UTC). The contracts affected include 1000BONKUSDT, RNDRUSDT, NOTUSDT, 1000FLOKIUSDT,...
Apple’s WWDC is on deck. Here are 5 things to expect as AI comes into focus.
Apple’s WWDC kicks off Monday with CEO Tim Cook’s keynote address.
Meta’s Llama Enhances AI-Powered Study Buddy for Students
Meta AI has unveiled an upgrade to its AI-powered educational tool, FoondaMate, leveraging its advanced conversational model, Llama, to enhance student support on popular messaging platforms WhatsApp and Messenger. According to Meta AI,...
Hong Kong Monetary Authority Issues Warning on Fraudulent Banking Website
The Hong Kong Monetary Authority (HKMA) has issued an alert regarding a fraudulent website and internet banking login screen related to China CITIC Bank International Limited. This warning aims to protect the public from potential...
Ukraine says it hit latest-generation Russian fighter jet for first time
The Sukhoi Su-57 jet fighter at the MAKS-2019 Moscow International Airshow near Zhukovsky, southeast of Moscow.Sopa Images | Lightrocket | Getty ImagesUkrainian forces have for the first time hit a latest-generation Russian Sukhoi Su-57 fighter jet at an air base...
Gaming Giant gumi Joins Injective (INJ) as Validator
gumi, a leading Web2 gaming publisher, has officially joined Injective (INJ) as its latest validator, according to the Injective Blog. This collaboration marks a significant milestone for Injective, which is recognized as one of the...
TAIKO (TAI) Token Airdrop Phase 1 Now Open for Eligible Users
TAIKO, the blockchain project, has officially opened Phase 1 of its TAIKO (TAI) token airdrop, according to Taiko blog. Approximately 5% of the initial TAIKO supply, or around 50 million tokens, are now available for eligible users to...
BNB Chain Announces AI Phone Wallpaper Battle with 1 BNB Prize
BNB Chain has unveiled an innovative campaign that merges creativity with blockchain technology, the AI Phone Wallpaper Battle. This competition invites participants to design crypto-themed phone wallpapers using AI tools, with a chance...
Why, when and what all will be unavailable, ET BFSI
HDFC Bank has scheduled several maintenance periods in June 2024, during which various banking services will be temporarily unavailable. The maintenance aims to enhance the overall banking experience and ensure the smooth operation of HDFC Bank's platforms. Here is a...
FX week in review: XTrade license pulled, Jonathan Brewer returns, Saxo volume low, Robinhood buys crypto exchange
Before we get to this past week’s top FX and CFDs industry news stories, we’re pleased yet again to report record traffic (and social media following, and email newsletter subscribers…) here at FNG in the month of May 2024. Our traffic growth was led once again by...
RBI sets up panel to track online payment frauds; AP Hota to head committee, ET BFSI
The Reserve Bank of India (RBI) has set up a committee with industry participation to help build a digital public infrastructure platform specialised to tackle the issue of frauds, two people in the know told ET.The committee will also suggest means through which the...
Bitfinex to List ATH: Aethir’s Native Token
Bitfinex, a leading digital asset trading platform, has announced it will be among the first exchanges to list ATH, the native token of Aethir, a decentralized cloud infrastructure provider specializing in AI and gaming, according to a...
Banks say growing reliance on Big Tech for AI carries new risks, ET BFSI
ING is testing an AI chatbot currently used for 2.5% of incoming customer service chats. The boom in artificial intelligence will increase banks' dependence on big U.S. tech firms, creating new risks for the industry, European banking executives said.Excitement around...
Forex and Cryptocurrency Forecast – Action Forex
EUR/USD: Who Controls the Financial Market It is clear that interest rates rule the markets, not only in terms of actual changes but also regarding expectations about the timing and magnitude of future changes. From spring 2022 to mid-2023, the focus was on raising...
PNB plans to expand its overseas footprint, to open representative office in Dubai, ET BFSI
New Delhi, State-owned Punjab National Bank plans to open a representative office in Dubai, as part of its plan to expand its global footprint. The bank has got the board of directors' approval for opening a representative office in Dubai and the process is on for...
Exploring Claude 3’s Character: A New Approach in AI Training
Anthropic, a leading AI research company, has introduced a novel approach to AI training known as 'character training,' specifically targeting their latest model, Claude 3. This new method aims to instill nuanced and rich traits such as...
Currency Speculators drop Swiss Franc bets to lowest since 2018 :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday June 4th and shows a quick view of how large market...
Devcon Scholars Program Returns for Devcon Southeast Asia, Aiming to Build a Collaborative Community
The Ethereum Foundation has announced the return of the Devcon Scholars Program for Devcon Southeast Asia (SEA), aiming to bring together a diverse group of builders from various backgrounds and disciplines. The initiative is designed not...
Speculator bets led by Coffee & Cocoa :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday June 4th and shows a quick view of how large traders...
Speculator Bets led lower by Platinum & Copper :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday June 4th and shows a quick view of how large traders...
Virgin Galactic completes final Unity flight, sets sights on new Delta spacecraft
Virgin Galactic Holdings Inc. successfully completed the final commercial flight of the space tourism company’s Unity spacecraft Saturday, marking an important milestone for the firm.
Speculator Bets led lower by 5-Year Bonds :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday June 4th and shows a quick view of how large traders...
Trump claims credit for Biden’s insulin price cap
President Joe Biden and former President Donald Trump 2024.Kevin Lamarque | Jay Paul | ReutersFormer President Donald Trump on Saturday recognized that the price of insulin is lower under President Joe Biden, but he still wants voters to credit his own...
Speculator bets led by MSCI EAFE & Nasdaq :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday June 4th and shows a quick view of how large traders...
Rebalance high credit-deposit growth gap, ET BFSI
The Reserve Bank of India (RBI) reiterated its warning to banks on the elevated credit-deposit ratio, asking lenders to review their business plans to balance their assets and liabilities more evenly. However, the central bank stopped short of prescribing an ideal...
Boeing could have learned from McDonald’s about how to manage a crisis — and its customers
3 warning signs investors need to watch out for.
Why the Dow brushed off surging Treasury yields after a hot May jobs report
Treasury yields are jumping, but stock-market investors appear unfazed by a hot May jobs report.
Silver, Peso, 5-Year & Sugar lead weekly bets :: InvestMacro
By InvestMacroThe latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on June 4th.This weekly Extreme Positions report highlights the Most Bullish and Most Bearish...
Why, when and what all will be unavailable, ET BFSI
HDFC HDFC Bank has scheduled several maintenance periods in June 2024, during which various banking services will be temporarily unavailable. The maintenance aims to enhance the overall banking experience and ensure the smooth operation of HDFC Bank's platforms. Here...
Norway’s oil fund to vote against Musk’s $56 bln Tesla pay award
The world’s largest sovereign wealth fund has said it will vote against ratifying Elon Musk’s $56 billion pay award at Tesla, as the largest remuneration package in U.S corporate history comes under shareholder scrutiny.
DOJ settles CityMD Covid fraud allegations for $12 million
People wait in in a queue to enter CityMD, a health clinic that offers coronavirus disease (COVID-19) testing, on the Upper West Side as the Omicron coronavirus variant continues to spread in Manhattan, New York City, U.S., December 19, 2021.Andrew Kelly |...
Public sector banks pin hopes on new Govt for higher PLI for employees, ET BFSI
State-run banks are hopeful of a more lucrative performance-linked incentive (PLI) for their employees as a new coalition government takes charge. They are also likely to push for a five-day banking week.Both bank unions and employee associations have been demanding a...
Roaring Kitty is taking us to GameStop fantasyland: No short squeeze is coming
Here’s the reality: GameStop has few growth prospects and questionable survival potential.
Arkham: US Government Seizes $300M from Alameda Research Accounts
According to Arkham Intelligence, the US Government has seized over $300 million from three Alameda Research accounts on Binance and BinanceUS, according to Arkham Intelligence. This seizure is part of a larger forfeiture action involving...
These 5 metro areas have hot job markets — and rents that you can actually afford
MarketWatch looked at the places where unemployment is low and rent is still cheap compared to incomes. One small Midwestern metro area came out on top, thanks to “jobs that support families.”
Why, when and what all will be unavailable, ET BFSI
HDFC HDFC Bank has scheduled several maintenance periods in June 2024, during which various banking services will be temporarily unavailable. The maintenance aims to enhance the overall banking experience and ensure the smooth operation of HDFC Bank's platforms. Here...
Watch out, job hunters: If you want to get hired, you might have to work for free first
As the job market slows, applicants say employers are increasingly asking them to complete time-consuming projects, presentations and extra work as a part of the interview process.
A look inside a $1 billion real-estate bet on the future of San Francisco
Developer Michael Shvo is getting ready to show off his revamped Transamerica Pyramid.
Sebi recognised for innovative regulatory practices by The Asian Banker, ET BFSI
Sebi has been given 'Best Conduct of Business Regulator' award in Asia Pacific by The Asian Banker for its role in enhancing the regulatory framework for securities markets in India. The award was received by Sebi's Whole Time Member Kamlesh Chandra Varshney in a...
Hong Kong Monetary Authority Warns Public About Fraudulent Website and Fake Emails
The Hong Kong Monetary Authority (HKMA) has issued a warning to the public regarding a fraudulent website and fake emails impersonating the authority. According to the HKMA, these scams involve a fraudulent website, a digital currency...
BitTorrent Unveils BTFS Protocol v3.0 Beta with Enhanced Security Features
The BitTorrent File System (BTFS) has launched its v3.0 Beta, introducing several groundbreaking features aimed at bolstering network security, improving user experience, and streamlining operational efficiency, according to BitTorrent...
Africa Development Bank calls for $25 billion and better terms to avoid ‘lost decade’, ET BFSI
LONDON: Africa needs quicker debt restructurings, more favorable lending terms, and some $25 billion for the Africa Development Fund to avoid a lost decade, the head of its development bank said.The continent was suffering from "long fiscal COVID" and the world was...
S&P 500 is now giving a ‘buy’ signal and there’s strong support for a summer rally
Plus, action for options traders in Walgreens Boots Alliance and Core Scientific shares.
Boeing’s years-long struggle to launch astronauts on Starliner
Boeing's Starliner is a human-grade space capsule designed to take astronauts to and from the International Space Station. Boeing began work on the capsule in 2014, when it signed a $4.2 billion contract with NASA under the agency's Commercial Crew Program.NASA also...
My wife and I are nearing retirement — and have $4 million in real estate. Should we sell our properties and invest the money?
“Retirement for me does not look like sitting still anywhere.”
Bitcoin ETFs are wooing a new investor who may rebalance bitcoin as it soars
Vertigo3d | iStock | Getty ImagesCrypto's culture encourages investors to "HODL," or hold on for dear life, in the rollercoaster ride of bitcoin's extreme fluctuations.But this long-prized practice may diminish as adoption of ETFs grows, particularly if traditional...
Zerodha’s Nithin Kamath praises SEBI for making market safer, investor-friendly, ET BFSI
New Delhi, Praising the Securities and Exchange Board of India (SEBI) for making markets safer and more investor-friendly, Zerodha's Co-founder and CEO Nithin Kamath on Friday said that the new regulation will ease operations at a broker's end.SEBI's latest regulation...
VeChain’s VET and VTHO Tokens Listed on Revolut, Expanding Blockchain Accessibility
VeChain has announced that its native tokens, VET and VTHO, are now listed on the Revolut platform, marking a significant step towards mainstream blockchain adoption. According to VeChain Official, this development makes it easier for the...
Crypto bulls celebrate latest price run-up with RFK Jr. and take pot shots at Jamie Dimon
Crypto enthusiasts celebrated the presidential candidate and mocked the JPMorgan CEO at this year’s Consensus conference in Austin, Texas.
Child care crisis costs U.S. businesses
Vadym Buinov | Moment | Getty ImagesThe Covid-19 pandemic brought to the surface both cracks and resilience in the American economy, with child care taking center stage as day cares shuttered, schools went remote and parents attempted to juggle their children with...
Banks say growing reliance on Big Tech for AI carries new risks, ET BFSI
ING is testing an AI chatbot currently used for 2.5% of incoming customer service chats. The boom in artificial intelligence will increase banks' dependence on big U.S. tech firms, creating new risks for the industry, European banking executives said.Excitement around...
Fidelity is winning ETF revenue-sharing deals after its service fee shook the booming industry
‘Everyone is fighting to preserve their slice of the economic pie,’ in the booming world of ETFs
SingularityNET (AGIX)’s Istanbul Meetup Drives Strategic AI Developments
SingularityNET (AGIX) recently held a landmark technical meetup in Istanbul, Turkey. The event brought together leading figures within the organization and its ecosystem to discuss and drive forward their decentralized AI platform's...
Fed won’t move interest rates next week, but meeting will still be a feast for economists
The Federal Reserve is widely expected keep its benchmark interest rate steady at the end of their two-days of deliberations on Wednesday, but economists will be watching closely for any clues on the timing of the first rate cut in four years.
Gold tumbles on solid US nonfarm payroll report, China slowing down gold buying, ET BFSI
Buoyed by rate cut expectations after the Bank of Canada and the European Central Bank (ECB) cut rates earlier this week, spot gold rose to $2,387 on Friday, the highest level since May 22. However, the metal crashed on a robust US nonfarm payroll report. Spot gold...
Enhanced Data Processing: Key to AI Innovation Across Industries
Accelerated data processing is becoming a cornerstone of AI innovation across various industries, from finance and telecommunications to biomedical research and automotive development, according to NVIDIA Blog. Finance Organizations...
Sui Unveils Truncator for Gas-Friendly Post-Quantum Signatures
Every transaction and data storage in a blockchain incurs costs, including fees for payments, gas for smart contract operations, and resources for data storage. Reducing the size of variables involved in these transactions, without...
Nvidia CEO on work/life balance: ‘When I’m not working, I’m thinking about working. And when I’m working, I’m working.’
Jensen Huang, founder and chief executive of Nvidia, leans a lot more toward work in his work/life balance.
RBI cautions micro finance lenders against usurious interest rates, ET BFSI
MUMBAI: The central bank cautioned lenders, especially in the microfinance space, from charging ‘usurious’ interest rates by exploiting the freedom the regulator offered after pushback from states in the past.The RBI has observed that while most lenders adhere to...
Biden, Macron to discuss Israel and Ukraine in pomp-filled state visit
French President Emmanuel Macron and U.S. President Joe Biden stand together onstage during an official State Arrival Ceremony for President Macron on the South Lawn of the White House in Washington, U.S., December 1, 2022. Elizabeth Frantz | ReutersFresh from...
Beyoncé tickets and a luxury trip to Bali: What Supreme Court justices got as gifts
Justice Clarence Thomas disclosed additional luxury vacations funded by Republican megadonor and real-estate tycoon Harlan Crow.
JPMorgan, Citi scrap Fed rate-cut bets for July after jobs data, ET BFSI
Economists at Citigroup Inc. and JPMorgan Chase & Co., some of the last holdouts predicting a Federal Reserve interest-rate cut in July, have relented.After Friday’s release of stronger-than-anticipated May employment data, Citigroup now sees US policymakers...
AI Technology Restores Voice for Former Spirit Airlines CEO Ben Baldanza
Former Spirit Airlines CEO Ben Baldanza has regained his communication abilities with the help of advanced AI technology, according to ElevenLabs Blog. Baldanza, diagnosed with ALS in 2022, faced significant challenges as the disease...
Why Tesla’s latest Model 3 financing offer still isn’t a good deal for many car buyers
The 1.99% promotional rate is for orders placed through June 16. Here’s what else potential Tesla customers should know.
SL Green to start deploying $1 billion arsenal for New York real estate this year
Landlord giant SL Green Realty expects to raise more than its initial $1 billion target for a new war chest aimed at distressed New York commercial real estate, and plans to begin deploying it this year.
Foreign exchange reserves climb to record $651.5 billion, BFSI News, ET BFSI
India's foreign exchange reserves climbed to a record of $651.5 billion by the end of last week, demonstrating resilience despite an uncertain geopolitics."Overall, we remain confident of meeting our external financing requirements comfortably," Reserve Bank of India...
Weekly Economic & Financial Commentary: G7 Central Banks Ease into Summer with Rate Cuts
Summary United States: July Cut Bites the Dust; September Hanging on Edge of Its Seat The strong job gain and rebound in average hourly earnings in May reaffirm our expectation that a rate cut remains some time away and is increasingly dependent on a few slower...
CrowdStrike, KKR and GoDaddy to join S&P 500
Cybersecurity company CrowdStrike Holdings Inc., private-equity giant KKR & Co. Inc. and web host GoDaddy Inc. are set to join the S&P 500 index at market open on June 24.
IBM and Red Hat Introduce InstructLab for Collaborative LLM Customization
IBM Research, in collaboration with Red Hat, has launched InstructLab, an innovative open-source project designed to facilitate the collaborative customization of large language models (LLMs) without necessitating full retraining. This...
Asian earnings growth to outpace US and Europe, India’s growth momentum strong: Report, ET BFSI
Asian earnings growth is forecasted to outpace that of the US and Europe for both this year and the next, according to a recent analysis by CLSA quoting Bloomberg's projections.This optimistic outlook aligns with the Reserve Bank of India's (RBI) latest monetary...
FDA approves GSK RSV vaccine for adults 50 to 59
A view shows GlaxoSmithKline headquarters in London, Britain, January 17, 2022.Hannah Mckay | ReutersThe Food and Drug Administration on Friday expanded the approval of GSK's respiratory syncytial virus vaccine to adults ages 50 to 59 who are at increased risk of...
Asirvad MFI appoints Satish Nair as President and CEO, BFSI News, ET BFSI
PRNewswireKochi (Kerala) [India], June 7: Asirvad Micro Finance Limited ('Asirvad'), a subsidiary of Manappuram Finance Limited (MAFIL) (BSE: 531213) (NSE: MANAPPURAM), has appointed Satish Nair as President and Chief Executive Officer (CEO).Asirvad, headquartered in...
The Weekly Bottom Line: Labor Market Resilience Highlights Global Policy Rate Divergence
U.S. Highlights The U.S. economy added 272k jobs in May, while the unemployment rate ticked up to 4.0%. The ISM Purchasing Managers’ Indexes showed manufacturing activity continued to contract in May, while services activity returned to growth. Central banks in Canada...
Stock market’s records belie the cracks forming beneath the surface
The S&P 500 and Nasdaq Composite both claimed record highs this week. But fewer stocks are marching higher alongside them.
Bankers, BFSI News, ET BFSI
~Shrishti SharmaThe Monetary Policy Committee (MPC) has once again maintained its ‘withdrawal of accommodation’ stance in its bi-monthly policy decisions, keeping the repo rate unchanged for the 8th consecutive time at 6.5%. This decision aims to balance inflation and...
‘The China equity trade is back’ and here are the stocks to pick, says SocGen
Analysts are getting increasingly more positive about Chinese stocks.
Nadella, Narayen among tech CEOs investing in cricket’s American dream
Cricket may not be as popular a sport in the U.S. as elsewhere in the world, but some high-profile CEOs and investors are trying to change that.As the Men's T20 Cricket World Cup, co-hosted by the U.S. for the first time, ramps up, investors have pumped nearly a...
Summary 6/10 – 6/14
Monday, Jun 10, 2024 Tuesday, Jun 11, 2024 Wednesday, Jun 12, 2024 Thursday, Jun 13, 2024 Friday, Jun 14, 2024 The post Summary 6/10 – 6/14 appeared first on Action Forex.
AMD Enhances AI Algorithm Efficiency with Innovative Depth Pruning Method
AMD, a leading semiconductor supplier, has made significant strides in optimizing hardware efficiency for artificial intelligence (AI) algorithms. According to AMD.com, the company's latest research paper titled 'A Unified Progressive...
What Are the Standard Mileage Rates?
Whenever you drive for business, medical reasons, or in support of a charitable organization, you may be able to get a mileage deduction and save money on your taxes. The IRS has announced the 2024 standard mileage rates to help you write off some of the costs of...
AI Solutions Revolutionize Health-Care Scheduling Amid Workforce Challenges
Artificial Intelligence (AI) is making significant strides in healthcare, particularly in the realm of staff scheduling. This innovation is addressing the chronic issue of nurse shortages and the heavy administrative burden on healthcare...
IDBI Bank seeks ROC help over nominee director dispute with NTADCL, ET BFSI
IDBI Bank has written to the Registrar of Companies (ROC), over the exclusions of nominee directors from board meetings of New Tirupur Area Development Corporation Ltd (NTADCL) post-loan repayment. The public sector bank has raised governance concerns, in its letter...
Will home loans become cheap after RBI MPC’s rate pause? Experts answer, ET BFSI
Will home loans become cheap after RBI MPC’s rate pause? Experts answer Announcing the deliberations of the second Monetary Policy Committee (MPC) for the Financial Year 2025, the Reserve Bank of India (RBI) Governor said the committee kept the rate unchanged at 6.5%....
Goldman Sachs sees market correction a buying opportunity in private bank stocks, ET BFSI
Goldman Sachs analysts have highlighted that the recent sharp correction in private bank stocks, following post-election results, presents a buying opportunity. These stocks experienced a significant recovery within two days, rebounding from the initial decline due to...
Hanesbrands to sell Champion brand to Authentic Brands in $1.2 billion deal
A shopper walks past the American sportswear fashion brand Champion store in Hong Kong.Budrul Chukrut | Getty ImagesHanesbrands agreed to sell its global Champion business to Authentic Brands Group in a transaction valued at $1.2 billion, including a contingent cash...
Credit-card borrowing drops unexpectedly in April for first monthly decline in 3 years
While total consumer credit rose in April, consumers shied away from using credit cards, according to the latest government data released Friday.
Market Awaits NFP Data: Euro/Dollar Consolidates
At the end of the week, the US dollar is hovering around an eight-week low against the euro, but trading activity remains subdued. Everyone is conserving energy ahead of this evening’s May employment data from the US. These reports are expected to provide more insight...
IRS employee charged in Exxon Mobil tax credit theft bid
Chip Somodevilla | Getty Images News | Getty ImagesA former IRS employee was charged in Utah federal court for allegedly trying to steal $2.1 million in tax credits owed to Exxon Mobil by diverting the funds using a taxpayer database he had access to.Prosecutors said...
Happy National Children’s Day! Here’s What Having a Child Means For Your Taxes
Whether your child is a newborn or a teenager almost ready to head off to college, children have an impact on your taxes. In honor of National Children’s Day, celebrated this year on June 9, 2024, here are some things you should know! Get That Number You probably were...
AMD’s stock hasn’t been feeling the love. Here’s why that could change.
AMD and Nvidia shares have been on different tracks in recent months, but one analyst says AMD “deserves more attention” for its AI offerings.
Trustee says $85 million of customer savings is missing
Jelena McWilliams, chair of the Federal Deposit Insurance Corporation (FDIC), during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, D.C., U.S., on Tuesday, Aug. 3, 2021.Al Drago | Bloomberg | Getty ImagesThere is an $85 million shortfall...
Crypto Market Quiet – Action Forex
Market picture The crypto market capitalisation remained almost unchanged overnight at $2.63 trillion, showing a sharp decline in volatility. Bitcoin settled near the $71K level (+0.2%), while Ethereum settled near $3800 (-0.9 %). Prices of top altcoins changed...
NVIDIA NIM Simplifies Deployment of LoRA Adapters for Enhanced Model Customization
NVIDIA has introduced a groundbreaking approach to deploying low-rank adaptation (LoRA) adapters, enhancing the customization and performance of large language models (LLMs), according to NVIDIA Technical Blog. Understanding LoRA LoRA is...
Beyoncé tickets, book advances, Bali trip in Supreme Court financial disclosures
Justice Ketanji Brown Jackson (L) and Beyonce (R)Getty ImagesSupreme Court Justice Ketanji Brown Jackson disclosed receiving concert tickets from pop superstar Beyoncé Knowles-Carter, one of several notable items revealed Friday in the high court's latest financial...
College tuition is due soon. What to do if you can’t write a $45,000 check right now.
If coming up with that first tuition payment is making you panic, there are some options that could help.
Amazon, Best Buy may soon sell smart devices with ‘hacker-safe’ label
Consumers have become accustomed to all sorts of labels and seals of approval on products in the shopping process, from the Energy Star to sustainability standards. Next up, shoppers should prepare for a hacking-safe seal of approval in the works for home gadgets and...
GOLD (XAUUSD) Elliott Wave: Forecasting the Path
Hello fellow traders. In this technical article we’re going to take a quick look at the Elliott Wave charts of GOLD (XAUUSD) , published in members area of the website. As our members know, GOLD ended cycle from the 2314.99 low as 5 waves structure. The commodity is...
Possible Trump pick for Treasury lays out 3-point economic plan that calls for deregulation, lower deficit
Hedge-fund manager Scott Bessent — viewed as in the running to become Treasury secretary in a second Trump administration — has offered a three-point economic agenda, with his proposal coming Thursday evening as he spoke at a conference run by the Manhattan Institute,...
Waystar shares slip in debut after pricing IPO in middle of range
The Nasdaq Market site is seen on the day that shares of Truth Social and Trump Media & Technology Group start trading under the ticker "DJT", outside the Nasdaq Market site in New York City, U.S., March 26, 2024. Brendan Mcdermid | ReutersWaystar shares slid...
OKX to Revamp Funding Fee Mechanism for Perpetual Futures
OKX, a leading cryptocurrency exchange, has announced significant changes to its funding fee mechanism for perpetual futures. The update aims to enhance user experience and improve the efficiency of funding fee settlements, according to...
US NFP grows 272k, average hourly earnings rises 0.4% mom
US non-farm payroll employment grew 272k in May, well above expectation of 180k. That’s also higher than the average monthly gain of 232k over the prior 12 months. Unemployment rate ticked up from 3.9% to 4.0%, above expectation of 3.9%. Labor force participation rate...
Former Trump chief of staff Mark Meadows pleads not guilty in Arizona’s fake elector case
White House Chief of Staff Mark Meadows speaks to reporters following a television interview, outside the White House in Washington, U.S. October 21, 2020.Alexander Drago | ReutersFormer Donald Trump presidential chief of staff Mark Meadows and Trump 2020 Election Day...
Tech stocks see biggest weekly inflows in over 2 months as megacaps stage comeback
U.S. technology stocks just posted their largest weekly inflows in nine weeks, with the sector seeing a comeback after its megacap-led rally lost steam by the end of May, strategists at BofA Global Research said Friday.
Microsoft says Recall feature for Copilot+ PCs will be off by default
Microsoft CEO Satya Nadella speaks at an event on Microsoft's campus in Redmond, Washington, on May 20, 2024.Chona Kasinger | Bloomberg | Getty ImagesMicrosoft said an artificial intelligence feature on new PCs that captures screenshots and enables search of user...
Canada’s Unemployment Rate Continued to Rise in May, as Job Gains Lag Population Growth
The Canadian labour market geared down from its April hiring surge, adding a modest 27k new positions in May. The gain was entirely in part-time jobs (+62k), while full-time employment declined (-36k). The unemployment rate continued its upward trend in May. The...
My wife has Parkinson’s, I want to protect her if something happens to me. How should I handle power of attorney?
It’s important for her to maintain independent decision-making authority as long as possible
Market awaits NFP data: Euro/Dollar consolidates :: InvestMacro
By RoboForex Analytical DepartmentAt the end of the week, the US dollar is hovering around an eight-week low against the euro, but trading activity remains subdued. Everyone is conserving energy ahead of this evening’s May employment data from the US. These reports...
Hong Kong Monetary Authority Announces 2.00% Interest Rate for iBond Series
Interest Rate DeterminationThe Hong Kong Monetary Authority (HKMA), representing the Hong Kong Special Administrative Region Government, has announced the per annum interest rate for the sixth interest payment of the iBond Series due in...
United Airlines launches personalized ads on seat-back screens
Passengers on a Boeing 737 Max-8 plane during a United Airlines flight departing from Newark Liberty International Airport (EWR) in Newark, New Jersey, US, on Wednesday, March 13, 2024.Bing Guan | Bloomberg | Getty ImagesNow playing on United Airlines' seat-back...
Biden cheers May jobs report, slams Congressional GOP economic plan
US President Joe Biden speaks about the economy at the International Brotherhood of Electrical Workers Local 26 union, in Lanham, Maryland, on February 15, 2023.Mandel Ngan | Afp | Getty ImagesPresident Joe Biden touted the far better-than-expected May jobs report,...
BitMEX to Launch Q3 2024 Quarterly Futures Next Week
BitMEX Announces New Quarterly Futures ListingsBitMEX, a leading cryptocurrency trading platform, has announced the upcoming launch of its Q3 2024 Quarterly Futures. According to the BitMEX Blog, these new futures will be available...
US: Payrolls Surge in May, While Unemployment Rate Ticks Up to 28-month High of 4.0%
Non-farm employment surged by 272k in May, well ahead of the consensus forecast calling for a more moderate gain of 185k. Job gains in the two prior months were revised slightly lower, subtracting a combined 15k from the previously reported figures. Private payrolls...
What Nvidia’s stock split means for investors
Nvidia’s stock will start trading Monday on a split-adjusted basis, and while shares have surged in recent weeks, one strategist says the effects of a split are largely psychological.
Fed Set to Hold Rates as Inflation and Other Indicators Show Mixed Signals
Wednesday’s U.S. Consumer Price Index data and the Federal Reserve’s interest rate decision will be in focus after the Bank of Canada and European Central Bank cut rates the week before. The Fed is not expected to follow suit—at least not right now. We expect U.S. CPI...
Biden or Trump? Watch these 2 economic indicators for clues on the election.
The November election will be about many issues that aren’t directly tied to the economy, but economists and political scientists say in a close election, economic conditions can be a critical determinant of the outcome.
Tax Benefits for Having Dependents
Even though the dependency exemption was eliminated under the tax reform, there are still some tax benefits you can take advantage of to maximize your tax refund if you have dependents. These tax benefits can significantly reduce or even eliminate your tax liability....
OKX to List Aethir (ATH) for Spot Trading, Enhancing Market Options
OKX, a prominent cryptocurrency exchange, has confirmed the listing of Aethir (ATH) on its spot trading market. According to OKX, this move aims to provide traders with more diversified investment options. Listing Schedule OKX has...
5 Money Saving Tax Tips for the Self-Employed
Self-employment can be hard, but if it was easy, everyone would do it, right? Whether you are trying to get ready to file your taxes, figuring out estimated taxes, or are gearing up for next tax season, take a look at these tax tips for the self-employed. You won’t...
Oil is ‘best hedge’ against geopolitical risk ahead of U.S. election, BOfA says
Investors looking for the perfect hedge for geopolitical risks ahead of the U.S. election have a perfect option in crude oil, according to Bank of America.
Weekly Focus – ECB in No Rush to Commit to Further Ccuts
The ECB delivered the widely anticipated first 25bp rate cut but kept its forward-looking guidance vague. Lagarde noted there was a ‘strong likelihood’ the ECB would dial back the restrictiveness of their monetary policy going forward but was not ready to pre-commit...
Travel Write-offs for the Self Employed (What Can I Write-Off)
When you run your own business, travel is inevitable. Yet, when it comes to deducting that business travel on your taxes, you may feel like you are dealing with a lot of unclear rules and gray areas. If you ask a dozen friends who are business owners, you will likely...
Hunter Biden trial: Prosecution rests
Hunter Biden, son of U.S. President Joe Biden, and his wife Melissa Cohen Biden, arrive at the federal court for his trial on criminal gun charges in Wilmington, Delaware, U.S., June 7, 2024. Hannah Beier | ReutersProsecutors rested their case Friday in the federal...
Roaring Kitty livestream: GameStop shares fall ahead of Keith Gill’s YouTube return
You can watch Roaring Kitty’s eagerly-anticipated livestream here.
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8874; (P) 0.8911; (R1) 0.8930; More…. USD/CHF recovers after another take on 0.8883 fibonacci level but stays below 0.8987 support turned resistance. Intraday bias stays neutral first. Strong rebound from current level, followed by firm break of...
Hong Kong Monetary Authority Warns About Phishing Messages Targeting China Construction Bank (Asia)
The Hong Kong Monetary Authority (HKMA) has issued an urgent alert about phishing instant messages targeting customers of China Construction Bank (Asia) Corporation Limited, according to a recent press release. The warning aims to protect...
‘They think I’m rich because I have a very nice house’: My friends order drinks and pricey dishes in restaurants. Is it rude to ask for a separate check?
“I am comfortable. I retired four years ago. I don’t drink much alcohol.”
Trump disrespected Black people on ‘The Apprentice’
Republican presidential candidate and former U.S. President Donald Trump attends a press conference, the day after a guilty verdict in his criminal trial over charges that he falsified business records to conceal money paid to silence porn star Stormy Daniels in 2016,...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 155.19; (P) 155.81; (R1) 156.26; More…. USD/JPY rebounds notably in early US session but stays below 157.70 resistance. Intraday bias remains neutral first. On the upside, break of 157.70 will resume the whole rise from 151.86 and target 160.20...
Gold suffers a ’double whammy’: strong U.S. jobs growth and pause in China buying
Gold futures were on track to post their lowest finish in about a month on Friday, pressured after stronger -than-expected monthly U.S. jobs data and a report that China’s central bank paused its year-and-a-half long streak of bullion purchases last month.
OKX Introduces ULTI Perpetual Futures, Margin Trading, and Simple Earn
Cryptocurrency exchange OKX has announced the introduction of USDT-margined perpetual futures for the ULTI token, alongside enabling margin trading and the Simple Earn feature for the same token. The new offerings will be available...
GBP/USD Mid-Day Report – Action Forex
Daily Pivots: (S1) 1.2766; (P) 1.2788; (R1) 1.2812; More….. GBP/USD dips notably in early US session but stays above 1.2693 support. Intraday bias remains neutral first. Considering bearish divergence condition in 4H MACD, firm break of 1.2693 will turn bias back to...
Unveiling Trailblazers: Call of Taiko – A New Era in Neo Nakuza
As the neon lights flicker in the dense fog of Neo Nakuza, the distant sound of Taiko Radio cuts through the night, a beacon for the city’s awake and aware. Taiko has announced the launch of Trailblazers: Call of Taiko, a campaign...
GameStop’s stock falls following downbeat earnings and plan to sell more shares
GameStop’s stock erased premarket gains as well-known meme trader Roaring Kitty readied for his livestream.
Spirit Airlines CEO says not considering chapter 11
A Spirit Airlines aircraft undergoes operations in preparation for departure at the Austin-Bergstrom International Airport in Austin, Texas, on Feb. 12, 2024.Brandon Bell | Getty ImagesSpirit Airlines CEO Ted Christie said Friday that the budget airline isn't...
SEC charges Finnish citizen with insider trading in advance of tender offer announcement
The Securities and Exchange Commission (SEC) announces settled charges against Anders J. Lindgren for insider trading in advance of the January 2023 announcement of a tender offer by AstraZeneca PLC to acquire CinCor Pharma, Inc. According to the SEC’s order, Lindgren...
7 myths that undermine Social Security
These false narratives can erode support for Social Security
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0867; (P) 1.0884; (R1) 1.0907; More… EUR/USD dips notably in early US session but stays above 1.0788 support. Intraday bias remains neutral first. Considering bearish divergence condition in 4H MACD, firm break of 1.0788 will argue that rebound...
Oscar Health CEO Mark Bertolini set to take on employer market
Mark Bertolini speaking at the CNBC Evolve New York event on June 19. 2019.Astrid Stawiarz | CNBCMark Bertolini has helped Oscar Health move toward profitability, after taking over as CEO of the health insurer a year ago. Now, he says the company's next phase of...
Ethereum Developers Discuss Pectra and Future Upgrades in ACDE Call #189
On June 6, 2024, Ethereum protocol developers convened virtually for the All Core Developers Execution (ACDE) Call #189, chaired by Ethereum Foundation (EF) Protocol Support Lead Tim Beiko. These bi-weekly calls serve as a platform for...
Nearly 9 in 10 people say it’s a bad time to buy a house. ‘Consumers struggle to find the positives,’ economist says.
People are getting fed up with the housing market, with the home-buying sentiment plunging to an all-time low, according to a new survey by Fannie Mae.
Apple to show its vision of the AI-powered future at WWDC 2024
Apple's new Vision Pro virtual reality headset is displayed during Apple's Worldwide Developers Conference (WWDC) at the Apple Park campus in Cupertino, California, on June 5, 2023.Josh Edelson | Afp | Getty ImagesFor years, Apple avoided using the acronym AI when...
Strong NFP Report Propels Dollar and Drags Risk Sentiment
Dollar rebounds broadly in early US session following stronger-than-expected employment data. Despite a slight uptick in unemployment rate, robust headline job growth and wage increases highlighted the US job market’s continued tightness. This suggests that Fed should...
Indian shares set to open higher ahead of central bank policy decision, ET BFSI
- Indian shares are set to open slightly higher on Friday, ahead of the Reserve Bank of India's policy meeting at which it is widely expected to keep interest rates unchanged.The Gift Nifty was trading at 22,905 as of 07:40 a.m IST, indicating that the benchmark Nifty...
Eli Lilly’s Alzheimer’s drug to face safety, dosing scrutiny from FDA advisers
When a Food and Drug Administration advisory panel meets Monday to size up an Eli Lilly experimental Alzheimer’s drug, questions about safety, selection of patients for treatment, and dosing will be at the fore, documents released Thursday show.
After ChatGPT and the rise of chatbots, investors pour into AI agents
Rafael Henrique | Lightrocket | Getty ImagesEarlier this year, financial services company Klarna said its artificial intelligence agent, powered by OpenAI, had taken over two-thirds of customer chats and was doing work equivalent to that of 700 full-time agents. That...
Policy shifts following elections and new administration pose risks: Moody’s, ET BFSI
Emerging market (EM) sovereigns are navigating recovery from the dual shocks of Covid-19 and the Russia-Ukraine war, leading to stabilizing debt levels and easing financial conditions.However, potential policy shifts following elections and new administration...
Canada employment grows 26.7, unemployment rate up to 6.2%
Canada’s employment grew 26.7k in May slightly above expectation of 24.8k. Part-time employment rose 62k while full-time jobs fell -36k. Unemployment rate ticked up from 6.1% to 6.2%, matched expectations. Average hourly wages increased 5.1% yoy, up from April’s 4.7%...
Taiko (TAI) Network Introduces Fully Permissionless Proposing and Proving
The Taiko (TAI) network has announced that proposing and proving on its platform are now fully permissionless, according to taiko.mirror.xyz. This development makes Taiko the first rollup to offer such features, marking a pivotal step...
Waystar is valued at about $3.7 billion in IPO that raised $967.5 million
Waystar Holding Corp., a healthcare-payments software company, said its initial public offering priced at $21.50 a share, the midpoint of its proposed price range.
Swiss FINMA publishes guidance on cyber risks
The Swiss Financial Market Supervisory Authority (FINMA) today published its guidance on cyber risks. All supervised institutions have obligation to report cyber attacks. The institution has 24 hours from the time a cyber attack is discovered to submit an initial...
U.S. millionaire population grew by 600,000 last year
B2m Productions | Digitalvision | Getty ImagesThe U.S. far outpaced the rest of the world in minting millionaires last year, adding 600,000 new millionaires and powering record fortunes at the top, according to a new study.America's millionaire population grew 7.3% in...
If not equity, corp FDs offer 1-1.5% over debt MFs and banks, ET BFSI
For investors looking to cut exposure to equities amid wild swings, corporate deposits with higher credit ratings could be good alternatives to debt mutual funds and bank deposits. Wealth advisors said deposits from top finance companies like Bajaj Finance and Shriram...
Repo rate unchanged at 6.5%, GDP forecast raised to 7.2%, ET BFSI
RBI MPC Meet 2024: Governor announces repo rate unchanged at 6.5%The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) on Friday decided to keep policy rate unchanged for the eighth time in a row by 4:2 majority.While announcing the decision, the governor...
EURUSD Struggles to Close Above 1.0900
EURUSD constrained below May’s barrier of 1.0894 Technical signals reflect uncertainty Sellers could take control below 1.0830 Despite a false bullish breakout to 1.0915 earlier this week, EURUSD has been struggling to close above May’s bar of 1.0894. From a technical...
Oil prices tick higher after Saudi Arabia reiterates output boost can be reversed
Oil futures rose Friday, finding support after Saudi Arabia’s energy minister reiterated that an OPEC+ plan to unwind 2.2 million barrels a day in voluntary cuts later this year can be paused or reversed.
RBI rectifies reporting errors in banks’ CRR maintenance data, ET BFSI
Mumbai: After several instances in which average fortnightly cash balances of banks kept with the Reserve Bank of India (RBI) unusually fell short of the mandated cash reserve requirement, the central bank has rectified the matter by resolving issues with how the data...
Paul Purcell resigns from Sezzle BoD
Sezzle Inc. (NASDAQ:SEZL) today announced that Paul Purcell resigned from its Board of Directors on June 6, 2024, and declined to stand for reelection at the 2024 Annual Meeting of Stockholders. Mr. Purcell has served on Sezzle’s Board for 5 years (since April 2019)...
SILVER (XAGUSD) Buying the Dips at the Blue Box Area
Hello fellow traders. In this technical article, we’re going to take a look into the Elliott Wave charts of SILVER (XAGUSD), exclusively presented in the members’ area of our website. As our members know SILVER has recently made pull back that made clear 3 waves down...
Hong Kong’s Foreign Currency Reserve Assets Reach $417.2 Billion in May 2024
Hong Kong has reported a significant growth in its official foreign currency reserve assets, reaching a total of US$417.2 billion at the end of May 2024, according to the Hong Kong Monetary Authority (HKMA). This marks an increase from...
Outstanding PSB spreads hit 10-year low on divergence in lending & deposit rates, ET BFSI
In April 2024, the banking sector witnessed significant pressure on outstanding (o/s) spreads due to growing competition among banks and a slowdown in unsecured lending growth.Public sector banks (PSBs) experienced a new 10-year low in o/s spreads, reaching 2.25%,...
Virgin Galactic’s stock climbs ahead of final Unity spacecraft mission
Virgin Galactic shares have been on a three-day losing streak.
Fed to unveil 2024 bank stress test results on June 26, ET BFSI
WASHINGTON, - The Federal Reserve will release the 2024 results of its annual stress test of large bank finances on June 26, the central bank announced on Thursday.This year's exercise will examine 32 banks with over $100 billion in assets, and see how they would...
Mask Network Introduces Staking Season 1 for $MASK Token Holders
Mask Network has unveiled the first season of its staking program, offering $MASK token holders the opportunity to stake their tokens for rewards. According to Mask Network's official Medium post, the initiative aims to foster community...
This fast-growing country is minting one new millionaire every 15 minutes
India and investors in its stock market are getting rich quick — and that should give us pause.
GM EVs at Costco Auto help drive electric vehicle sales
Customers exit a Costco store in Teterboro, New Jersey, June 28, 2023.Kena Betancur | Corbis News | Getty ImagesDETROIT — General Motors has a not-so-secret weapon when it comes to getting U.S. consumers into its new all-electric vehicles: Costco Wholesale.The Detroit...
Supreme Court Justice Clarence Thomas got millions in gifts
(L-R) U.S. Supreme Court Chief Justices Clarence Thomas, Ruth Bader Ginsburg, Stephen Breyer, and Samuel Alito attend Judge Neil Gorsuch's judicial oath ceremony in the Rose Garden at the White House April 10, 2017 in Washington, DC.Chip Somodevilla | Getty Images...
USD/JPY Steady Despite Soft Household Spending
The Japanese yen is calm on Friday. In the European session, USD/JPY is trading at 155.50, down 0.06% on the day at the time of writing. Japan’s household spending slips Japan’s economic activity has been sluggish and household spending, a key driver of economic...
iSAM Securities launches RADAR real-time risk analytics dashboard
iSAM Securities has announced that it recently expanded its technological offering with the introduction of iSAM Securities RADAR, a real-time risk analytics dashboard allowing users to manage risk through intraday monitoring of book performance and profitability....
Sebi notice to PolicyBazaar over Dubai buy, BFSI News, ET BFSI
MUMBAI: Markets regulator Sebi is investigating PB Fintech, the company that runs insurance-tech platform PolicyBazaar, for non-disclosure of a $2-million investment in a Dubai-based company. Sebi has issued a show cause notice to Yashish Dahiya, chairperson & CEO...
Growth Up, Rates Steady, Innovation Ahead, ET BFSI
In a comprehensive address on June 7, RBI Governor Shaktikanta Das unveiled the outcomes of the latest Monetary Policy Committee (MPC) meeting, covering a wide array of critical economic indicators and strategic measures. From raising the GDP growth forecast to 7.2%...
Canaan Inc. Secures Major Order for Avalon Miner A1566 from Cipher Mining
Canaan Inc. (NASDAQ: CAN), a prominent provider of high-performance computing solutions, has announced a substantial purchase agreement with Cipher Mining Technologies Inc. (NASDAQ: CIFR), as reported by PRNewswire. The agreement involves...
Three stocks now account for 20% of the S&P 500’s value. That’s making some investors nervous.
For the first time dating back to at least 2000, three U.S. stocks — Microsoft, Nvidia and Apple — account for more than 20% of the value of the S&P 500, Dow Jones Market Data show.
Week Ahead – Fed and BoJ Decide on Monetary Policy
US CPI data and Fed to determine the dollar’s fate Will the BoJ signal that another rate hike is looming? Pound traders await UK employment and GDP numbers RBA hike bets shrink ahead of AU jobs and China CPI data Mind the dots With US inflation resuming its downtrend...
David Fineberg, Albert Soleiman acquire more shares in CMC Markets under incentive plan
CMC Markets Plc (LON:CMCX), a global provider of online trading and platform technology, today announced transactions in its shares by members of its top management. David John Fineberg, deputy CEO of CMC Markets, and Albert Soleiman, CFO of the broker, acquired...
Kohl’s donation Trump Republican National Convention
A Kohl's department store sign hangs outside the building on March 12, 2024 in Miami, Florida. Shares of Kohl's fell as it posted a drop in same-store sales in the fourth quarter. Joe Raedle | Getty ImagesMilwaukee based department store giant Kohl's says it will not...
Are banks closed on Saturday, June 8, 2024?, ET BFSI
In India, all private and public sector banks are closed on the second and fourth Saturdays and all Sundays of the month. The first, third, and fifth Saturdays of the month are bank working days. So, bank customers must make sure that banks are working on that...
RBI remain in wait & watch mode, rate-cut expected in October: Economists, ET BFSI
RBI Governor Shaktikanta DasThe Reserve Bank of India on Friday decided to retain the repo rate at 6.5 per cent, thereby maintaining a pause on its rate-hike cycle for the eighth consecutive time.The MPC further decided by a majority of 4 out of 6 members to remain...
I own a rental property with a 2.6% interest rate fixed for 10 years, but I live in another state. Should I sell it?
“My rental income is around $2,600 a month.”
John Giannandrea is the quiet exec behind company’s strategy
Apple is behind on artificial intelligence.Now, the company is getting ready to unleash its first wave of user-facing AI products. And behind that push is John Giannandrea, a Silicon Valley veteran who is Apple's top executive in charge of AI strategy.On Monday, Apple...
Canadian Dollar Eyes Can., US Job Data
The Canadian dollar has had a relatively quiet week and has ticked higher on Friday. In the European session, USD/CAD is trading at 1.3683, up 0.10%. We could see stronger movement from the pair in the North American session, when both the US and Canada release the...
BitMEX Lists New IO Futures Contracts with 2x Leverage
BitMEX has announced the listing of new futures contracts for IO, the upcoming token from IO.NET. The new product, IOUSDTM24, allows traders to engage in futures trading with up to 2x leverage, according to the BitMEX Blog. Details of the...
These restaurant stocks could still thrive despite spending pressure
Chipotle, Texas Roadhouse and Domino’s are UBS’s top restaurant picks.
RBI proposes to include auto replenishment of FASTag, NCMC & UPI Lite balances in e-mandate framework, ET BFSI
The RBI Governor Shaktikanta Das on Friday announced the inclusion of auto replenishment facility of FASTag, NCMC and UPI Lite wallet balances in the e-mandate facility. The Central bank governor highlighted that the adoption of e-mandates for recurring payment...
R.J. O’Brien to pay $250k fine for alleged violations of ICE rules
ICE Futures U.S. has posted a notice of disciplinary action against R.J. O’Brien & Associates LLC (RJO). On June 6, 2024, a subcommittee of the Exchange’s Business Conduct Committee determined that from May 2021 through April 2023 (the “Relevant Period”), RJO may...
USD/CHF: At a Multi-Week Low and Cracking Key Supports ahead US Jobs Data
USDCHF stands at the back foot and hit new multi-week low early Friday, as markets await release of US jobs report for May. Recent bear-leg from 0.9158 (May 24 lower top) has found solid support at 0.8893/83 zone (200DMA / Fibo 38.2% of 0.8332/0.9224 rally) which...
Holani Group’s SME Fund Reaches ₹184 Crore Milestone, BFSI News, ET BFSI
Mumbai (Maharashtra) [India], June 5: Holani Venture Capital Fund, a ₹300 crore fund targeting the SME sector, has achieved a significant milestone by raising ₹184 crores just a month after its launch. Launched on April 27, 2024, in Jaipur, this fund is promoted by...
How to Track Crypto Transactions for Taxes?
Cryptocurrencies have emerged as formidable tools in the landscape of modern financial systems. You can find more than 10,000 different types of cryptocurrencies today. Therefore, it is important to understand whether they can be included in the modern tax systems....
Trump suggests tariffs against nations including China over illegal immigration
Presidential candidate Donald Trump was booed and heckled by many in a raucous audience at the Libertarian National Convention on Saturday night, a marked change from the adulation he receives at rallies from his fervently loyal supporters.Brendan McDermid |...
Moody’s puts several U.S. regional banks on downgrade review over commercial real-estate concerns
Old National Bancorp. and several other U.S. regional banks come under the microscope at Moody’s, which flags CRE exposure.
401k Contribution Limits for 2024: Everything You Need to Know
Contributing to a 401(k) can be a smart way to start preparing for retirement — but there are a few rules to keep in mind. 401(k) contribution limits tell you how much you can contribute in a calendar year. There’s also a combined contribution limit for you and your...
RBI announces HaRBInger 2024 with focus on Zero Financial Frauds, Being Divyang Friendly, ET BFSI
">CenBank has announced the third edition of its annual hackathon, "HaRBInger 2024 - Innovation for Transformation"In a move aimed at enhancing the safety, security, and inclusivity of India's financial ecosystem, the Reserve Bank of India (RBI) Governor...
USDCHF Posts More Than 2-month Low
USDCHF finds strong obstacle at 200-day SMA MACD endorses negative momentum; RSI near oversold region USDCHF plunged to a new more than two-month low of 0.8879 today but has found support at the 200-day simple moving average (SMA) in the 0.8895 area. The pair is...
Monex to begin offering periodic purchase plan of mutual fund using d CARD
NTT Docomo, Inc. and Monex, Inc. today announced the launch of periodic purchase plan of mutual fund using Docomo’s credit card, d CARD®, starting Friday July 5, 2024. Applications for August 2024 purchases will also be accepted from the same date. With this new...
Self-Employed Tax Tips & Summer Jobs
Summer is the time of year when some people dive into entrepreneurship. Whether it’s a summer job, a part-time gig, a side-hustle or a small business, your new found business venture may result in your being classified as self-employed. If that’s you or someone you...
DocuSign says business is stabilizing, but stock falls despite earnings beat
Despite upside in DocuSign Inc.’s latest quarterly results, the electronic-signature software company’s stock was falling in Thursday’s extended trading.
Wormhole Introduces Stake for Governance: A Comprehensive Guide
Introduction to Stake for Governance Wormhole has unveiled a new initiative called Stake for Governance, enabling W token holders to influence the future direction of the Wormhole DAO and platform. According to Wormhole, this step...
Bajaj Finance Housing Fin arm to raise Rs 4,000 crore, BFSI News, ET BFSI
Bajaj Finance's housing finance subsidiary will raise ₹4,000 crore through an initial public offer (IPO) to comply with Reserve Bank of India (RBI) regulations, the company said in a stock exchange filing. "Board of the company has approved an IPO of equity shares......
Activists send balloons carrying K-pop and money into North Korea
A balloon believed to have been sent by North Korea, carrying various objects including what appeared to be trash and excrement, is seen over a rice field at Cheorwon, South Korea, May 29, 2024. Yonhap News Agency | ReutersThe battle of the balloons continues.North...
Bulk deposits limit to e-mandate framework, ET BFSI
RBI MPC’s key announcements: Bulk deposits limit to e-mandate framework While announcing the second Monetary Policy Committee (MPC) decision on Friday, the Reserve Bank of India (RBI) announced certain key additional measures. The (MPC) has decided to keep policy rate...
Charitable Giving and Your Taxes
With so many people facing difficult times due to the high cost of living and recent natural disasters, there are many ways to help those in need. Whether you already gave to charity or you are considering giving, you may be wondering what charitable donations are tax...
Euro Shrugs as ECB Lowers Rates to 3.75%
The euro is drifting on Friday. EUR/USD is trading at 1.0892 in the European session, up 0.04% on the day. We could see some movement from the euro in the North American session, with the release of US nonfarm payrolls. ECB cuts, but no commitments to continue The ECB...
Mexico’s unbanked population ‘now big enough to count’ for fintech companies
An underbanked and heavily cash-based economy offers fertile ground for a trio of fintech-oriented companies offering mobile financial services in Mexico.
CME fines Schonfeld Strategic Management for alleged NYMEX rule violation
International derivatives marketplace CME Group has posted a notice of disciplinary action against Schonfeld Strategic Management LLC. Pursuant to an offer of settlement in which Schonfeld neither admitted nor denied the Rule violations or factual findings upon which...
How to File Taxes in Multiple States After Moving
If you moved from one state to another, you probably registered to vote in your new state and got a new driver’s license. And when it’s time to file your taxes, there’s more you need to do. While you still have one federal tax return to file, you will probably need...
LayerZero Integrates with IOTA EVM for Enhanced Cross-Chain Interoperability
LayerZero, a leading cross-chain messaging protocol, has announced its integration with IOTA EVM. This strategic move is set to enable seamless interoperability and communication across multiple blockchain ecosystems, including Ethereum,...
Indian Overseas Bank sets up dedicated branch to serve startups; to open five more, ET BFSI
Chennai, Public sector Indian Overseas Bank has set up an exclusive branch to serve startups and budding entrepreneurs in the city. The branch inaugurated by top officials on Thursday would offer a suite of financial products and services. Indian Overseas Bank has...
RBI sees FY25 GDP growth at 7.2% on above-normal monsoon, consumption uptick, ET BFSI
The Reserve Bank of India has predicted 72 per cent real GDP growth for for 2024-25 on above-normal monsoon, growing rural and urban consumption, uptick in services and the government's thrust on capex.It projected the Q1 growth at 7.3 per cent; Q2 at 7.2 per cent; Q3...
NCLT admits SBI’s personal insolvency plea against Videocon’s Rajkumar Dhoot, ET BFSI
The National Company Law Tribunal (NCLT) in Mumbai has accepted the State Bank of India's (SBI) application to initiate personal insolvency resolution proceedings against Rajkumar Nandlal Dhoot, promoter and co-owner of Videocon Group. This action follows a Rs...
FX option expiries for 7 June 10am New York cut
There are a few to take note of on the day, as highlighted in bold.Again, they are for EUR/USD and layered between 1.0875 through to 1.0900. Given that markets are largely waiting on the US jobs report later, the expiries here will help to act as goalposts in keeping...
Lower profit forecast, less snowfall send Vail Resorts stock on a downhill run
Shares of Vail Resorts Inc. dropped in extended trading Thursday after the ski-resort operator cut its full-year profit outlook and offered up figures that pointed to slowing demand for the key upcoming ski season.
Trump hits tech fundraiser in San Francisco, some guests pay $300,000
Republican presidential candidate and former U.S. President Donald Trump gestures outside Trump Tower, the day after a guilty verdict in his criminal trial over charges that he falsified business records to conceal money paid to silence porn star Stormy Daniels in...
U.S. Indo Pacific economic engagement ‘isn’t about China,’ Raimondo says
America's economic engagement in Indo-Pacific "isn't about China" but for strengthening U.S. presence in the region, Commerce Secretary Gina Raimondo told CNBC. President Joe Biden launched the Indo-Pacific Economic Framework for Prosperity, involving14 countries,...
Sluggish Forex Markets on Hold for Direction from US Non-Farm Payrolls
Forex markets remain directionless as the week’s highly anticipated central bank activities. The rate cuts by both BoC and ECB failed to provide the expected catalysts for significant currency movements. Neither Canadian Dollar nor Euro managed to break out of their...
Wormhole Introduces Governance Staking: A Comprehensive Guide
Understanding Governance StakingWormhole has launched a new governance staking mechanism designed to enable W token holders to participate in platform governance by delegating their voting power to active delegates, according to...
Nemacolin Resort Review. Is it Worth It?
Driving through the rugged and beautiful Allegheny Mountains, luxury feels like a world away. But just 1.5 hours southeast of Pittsburgh lies Nemacolin—a private, year-round luxury resort hidden in the heart of Pennsylvania’s Laurel Highlands. This self-contained...
Charles Barkley says the best financial advice he ever got was from this NBA star’s mom
‘When you start giving people money…no matter what you do for them, the first time you tell them no, they hate you.’
Crypto Takes its Time – Action Forex
Market picture The cryptocurrency market decided to storm the local highs set almost two months ago. However, the growth has not yet developed, and some players rushed to fix profits quickly despite the positive sentiment in the US stock markets. Bitcoin is trading...
Dutch nationalist Wilders makes big gains at EU election, exit poll shows
Geert Wilders, Dutch right-wing politician and leader of the Party for Freedom (PVV).Carl Court | Getty Images News | Getty ImagesDutch nationalist Geert Wilders' anti-immigration party on Thursday was projected to have made large gains in the Netherlands' election...
NVIDIA: Street Fighter 6 and XDefiant Join GeForce NOW
Capcom’s legendary Street Fighter 6 has officially joined the ranks of GeForce NOW, NVIDIA’s premier cloud gaming service, according to the NVIDIA Blog. Alongside the highly anticipated launch of Ubisoft's XDefiant, these titles lead a...
‘Buckle up!’ Social media reacts to news of Roaring Kitty’s first livestream in 3 years
GameStop shares surged on news that influential trader Keith Gill, also known as Roaring Kitty, will host his first YouTube livestream in three years.
Priceline, Ramp deal to disrupt ‘archaic’ business travel model
Hinterhaus Productions | Stone | Getty ImagesRamp, the expense management company recently valued at $7.65 billion, is moving into business travel through a deal with Booking Holdings' Priceline, as the growing number of corporate spend platforms look to retain and...
ETHUSD Consolidates as Advance Pauses
ETHUSD posts fresh 2-month high following ETF approval But fails to extend its rally as bulls lift foot off the gas Momentum indicators ease from overbought conditions ETHUSD (Ethereum) had been on the rise after claiming the 50-day simple moving average (SMA) in...
CFTC charges Three Bridges Trading Fund with fraud and misappropriation
The Commodity Futures Trading Commission (CFTC) today filed a civil enforcement action in the U.S. District Court for the Western District of Tennessee against Three Bridges Trading Fund, LLC, a Tennessee corporation, and its owner, president, and manager, Donald Wray...
BlackRock stays bullish on Indian bonds after narrow Modi win, ET BFSI
The coalition of parties led by Modi is unlikely to deviate from the path of fiscal consolidation, and cooling inflation will allow the Reserve Bank of India to embark on easing later this year, according to Neeraj Seth, chief investment officer and head of APAC...
Billionaire Frank McCourt’s TikTok bid backed by parents group
Frank McCourt, civic entrepreneur, executive chairman of McCourt Global and founder of Project Liberty, speaks at The Wall Street Journal’s Future of Everything Festival in New York City, U.S., May 22, 2024. Andrew Kelly | ReutersIn the race to buy TikTok, billionaire...
Retailers are telling you everything is on sale this summer. They’re also hoping you’ll fall for impulse buys.
While sales offer relief to inflation-weary shoppers, people may not actually save money due to one key consumer behavior: impulse buying.
GBP/USD: Extended Consolidation Likely to Precede Fresh Push Higher
Cable is consolidating under new multi-week high (1.2817), with near-term action underpinned by rising 10DMA (1.2758) and looking for fresh push higher and attack at 2024 high (1.2893). Daily moving averages in full bullish configuration and with multiple bull-crosses...
Exclusive: B2C2 hires Goldman Sachs exec Nikolay Karpenko as Director EMEA Sales
FNG Exclusive… FNG has learned that London based crypto liquidity provider B2C2 has hired Nikolay Karpenko, as the company’s new Director EMEA Sales. Nikolay Karpenko joins B2C2 after spending the past seven year at investment bank Goldman Sachs (NYSE:GS), serving as...
FD interest rates of Yes Bank, SBI, HDFC Bank, ICICI Bank, PNB, Canara Bank compared, ET BFSI
Banks revise their fixed deposit interest rates now and then without prior intimation. Recently, Yes bank revised its fixed deposit interest rate. SBI also revised its fixed deposit interest rates last month. Now let's compare these revised FD rates with the interest...
Why these cannabis stocks can grow with the Biden administration’s help
U.S. reclassifying marijuana would give companies a tax break and more cash to spend.
Worldcoin (WLD)’s Return to Spain Supported by 90% of World ID Holders
According to a recent survey conducted by Tools for Humanity (TFH), nearly 90% of World ID holders in Spain support the return of Worldcoin (WLD). The survey, which included over 21,000 respondents, revealed that 82% of participants...
US initial jobless claims rises to 229k vs exp 215k
US initial jobless claims rose 8k to 229k in the week ending May 25, above expectation of 215k. Four-week moving average of initial claims fell -750 to 222k. Continuing claims rose 2k to 1792k in the week ending May 25. Four-week moving average of continuing claims...
Lyft offers up ‘long-awaited’ long-term forecast — and this key metric could hit $25 billion, analyst says
Lyft shares climbed after the company said it expects gross bookings to grow around 15% between this year and 2027.
Rivian R1 pickup and SUV redesigned with Nvidia chips
Rivian Automotive has redesigned its all-electric R1 pickup and SUV models to improve range, performance and computing power with the help of Nvidia chips, the company said Thursday.While the 2025 model-year vehicles do not outwardly look too different than the...
Coinbase introduces Advanced Trade Go SDK
Coinbase is introducing Advanced Trade Go SDK – a flexible sample application that allows customers to automate their crypto trading strategies on Coinbase Advanced. This SDK is built on top of Coinbase Advanced REST APIs and simplifies the development process,...
CBIC starts electronic disbursal of duty drawback directly to exporters’ bank accounts, ET BFSI
New Delhi, Central Board of Indirect Taxes and Customs (CBIC) has started to electronically disburse duty drawback amounts directly to the bank accounts of exporters in order to facilitate trade, the Finance Ministry said on Wednesday.''The payment of duty drawback...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 155.01; (P) 155.75; (R1) 156.86; More…. No change in USD/JPY’s outlook as range trading continues. Risk will stay on the downside as long as 157.70 resistance holds. Fall from there is seen as the third leg of the corrective pattern from 160.20. On...
Why nothing seems to improve Americans’ gloom about the U.S. economy now
The ‘vibecession’ isn’t our fault — it’s our nature.
Anthropic (Claude) Unveils Strategies for Mitigating AI Risks in 2024 Elections
As the global community prepares for elections in 2024, Anthropic (Claude) has provided an in-depth look at its strategies to safeguard election integrity through advanced AI testing and mitigation processes. According to Anthropic...
Beau Biden widow Hallie Biden testifies
Hallie Biden (L), daughter in-law of U.S. President Joe Biden, arrives to the J. Caleb Boggs Federal Building for the trial of Hunter Biden on June 06, 2024 in Wilmington, Delaware.Kevin Dietsch | Getty Images News | Getty ImagesHallie Biden, the widow of President...
Boeing Starliner ISS docking delayed
Boeing's Starliner capsule is seen while approaching the International Space Station on June 6, 2024 with two NASA astronauts on board.NASA TVBoeing's Starliner capsule is making a delayed docking attempt with the International Space Station on Thursday, after NASA...
Toyota unveils safety projects in wake of vehicle-testing violations
Toyota’s North America Collaborative Safety Research Center (CSRC) announced this week 15 new projects aimed at advancing automotive safety industrywide, just after the Japan-based vehicle maker suspended vehicle production due to safety certification misconduct.
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8901; (P) 0.8925; (R1) 0.8959; More…. Intraday bias in USD/CHF stays neutral and outlook is unchanged. Strong rebound from current level, followed by break of 0.8987 support turned resistance, will suggest that correction from 0.9223 has...
CME fines BNP Paribas for alleged violation of NYMEX rules
International derivatives marketplace CME Group today issued a notice of disciplinary action against BNP Paribas S.A. Pursuant to an offer of settlement in which BNP Paribas S.A. neither admitted nor denied the Rule violations or factual findings upon which the...
NBFCs’ funding costs to rise as banks cut back, BFSI News, ET BFSI
The cost of funds for non-banks could rise 200 to 300 basis points as banks squeeze funding to this segment. Recent data show that bank funds to the non-bank segment dropped to 15% in April from 22% seen in the same period last year.Non-banks are also likely to face a...
PGA, Saudi-backed LIV active discussions merger
The PGA Tour and the Saudi-backed LIV Golf have been in active discussions, according to a person familiar with the matter, one year after the two entities stunned the world and announced on CNBC that they had agreed in principle to join forces.The talks between the...
This bond-market recession signal has been flashing since 2022, with no downturn
One of the bond market’s most widely followed recession indicators has been pointing to the possibility of an economic downturn for almost two years. And it could keep doing so, even though no U.S. contraction has materialized.
Alphabet CFO Anat Ashkenazi jumps from GLP-1 boom to generative AI
Alphabet incoming CFO Anat Ashkenazi, who spent 23 years at Eli LillyEli LillyAlphabet's outgoing finance chief, Ruth Porat, spent the past year and a half trying to help her internet company navigate the generative artificial intelligence boom. The person who was...
Ex-Trump aide Steve Bannon ordered to jail by July 1
Steve Bannon, former advisor to President Donald Trump, arrives at the federal courthouse to find out if or when a judge will order him to jail on June 6, 2024 in Washington, DC. Andrew Harnik | Getty ImagesA federal judge in Washington, D.C., on Thursday ordered...
ECB Review: Cutting and Keeping
Today, the ECB decided to cut its three main policy rates by 25bp, which leaves the key policy rate at 3.75%. This cut follows a 9-month period with unchanged policy rates on the back of the rapid hiking cycle since mid-2022. The rate cut was widely expected and thus...
AI plus gene editing promises to shift biotech into high gear :: InvestMacro
During her chemistry Nobel Prize lecture in 2018, Frances Arnold said, “Today we can for all practical purposes read, write and edit any sequence of DNA, but we cannot compose it.” That isn’t true anymore.Since then, science and technology have progressed so much that...
Banks’ drive to ‘tokenise’ assets moves slower than expected, BFSI News, ET BFSI
By Elizabeth HowcroftAMSTERDAM - Banks which for years have talked about creating 'tokenised' versions of assets like bonds and currencies say a shift to blockchain-based trading is taking longer than expected, with some investors cautious about the idea.By creating...
NBA Finals tickets for Celtics-Mavericks are the most expensive in league history
The lowest ‘get in’ price for Game 1 in Boston is $794, and the cheapest ticket to Game 7, should it be necessary, is $1,862
Humane, the startup behind the AI Pin, in talks with HP, telecoms to sell
Humane, the AI hardware startup founded by ex-Apple designers, is seeking a buyer after its AI Pin's lukewarm debut, according to a source familiar with the matter. The company is currently in talks with HP and other firms, including more than one telecom company, the...
US Dollar Index Needs to Hold Above 104
US dollar index pauses downleg near important support trendline Technical signals are uncertain; sellers wait below 104 The US dollar index is trading at an attractive level around the protective trendline that joins the lows from December 2023 and March 2024 near...
Juul e-cigarettes’ FDA ban lifted
The U.S. Food and Drug Administration said Thursday that it has rescinded orders blocking the marketing of Juul Labs Inc.’s e-cigarette products in the U.S.
MT5 build 4380 comes with series of enhancements
Fintech company MetaQuotes has announced the upcoming release of build 4380 of the MetaTrader 5 (MT5) platform. The MetaTrader 5 platform update will be released on Friday, June 7, 2024. The new version features the following changes: MetaTrader 5 Client Terminal...
Rupee ends higher; RBI intervention, foreign banks’ dollar sales help, ET BFSI
The Indian rupee closed stronger on Wednesday, partially recovering from its slump in the previous session, aided by dollar sales from foreign banks and likely intervention from the Reserve Bank of India.The rupee closed at 83.37 against the U.S. dollar, up nearly...
Piyush Goyal on RaGa’s June 4 crash claim, ET BFSI
Conspiring to mislead market investors: Piyush Goyal on RaGa’s June 4 crash claim In a quick response to Rahul Gandhi’s attack on Prime Minister Narendra Modi and Home Minister Amit Shah accusing them behind the June 4 market crash, BJP leader Piyush Goyal said he is...
NVIDIA ACE Brings Lifelike Digital Humans to Developers
NVIDIA has announced that its suite of technologies, collectively known as NVIDIA ACE, is now generally available for developers. This suite is designed to bring digital humans to life using generative AI, promising advancements in areas...
European Central Bank Kicks Off Its Rate Cut Cycle
Summary The European Central Bank (ECB) today joined the growing group of advanced economy central banks that have begun their monetary easing cycles, lowering its Deposit Rate by 25 bps to 3.75%. ECB policymakers cited the past drop of inflation and the improving...
Mortgage rates at 3% were an ‘anomaly.’ Here’s what a normal 30-year rate looks like.
Home buyers are frustrated by 7% mortgage rates. One economist suggests that they’ll need to get used to them.
Photos of D-Day’s 80th anniversary in Normandy, France
French troops disembark from a US landing craft during a joint US and French amphibious landing operation showcase, on June 4, 2024, at Omaha beach in Saint-Laurent-sur-Mer, northwestern France, ahead of the "D-Day" commemorations marking the 80th anniversary of the...
ECB Starts Cuts Earlier and May Move Faster Than Fed
The European Central Bank cut all three of its key interest rates by 25 points, which is in line with market expectations. The ECB has kept rates unchanged for the past nine months and tightened policy from July 2022 to September 2023, raising rates by a combined 450...
Gold prices reach 2368 USD amid speculation of Fed rate cuts :: InvestMacro
By RoboForex Analytical DepartmentGold prices climbed to 2368 USD per troy ounce on Thursday, continuing the upward momentum for the second session. This surge comes as market expectations adjust to the likelihood of future interest rate cuts by the Federal Reserve,...
India’s Bajaj Housing Finance approves IPO to raise 40 billion rupees, ET BFSI
BENGALURU - India's Bajaj Housing Finance approved to file for an initial public offering (IPO) with a fresh issue of shares worth 40 billion rupees ($479.2 million) on Thursday.The firm, a unit of non-banking finance company (NBFC) Bajaj Finance, said the IPO would...
Medicare and Social Security could be the keys to the presidential election
These Americans are terrified about the future — and they vote.
RaGa wants JPC probe for June 4 stock market crash, questions Modi, Shah, ET BFSI
Congress party leader Rahul Gandhi (C) addresses a press conference.In a bombshell accusation against the Prime Minister Narendra Modi and Home Minister Amit Shah, Congress leader Rahul Gandhi said the duo’s statement over stock market in pre-poll campaigns resulted...
Robinhood to Acquire Bitstamp in $200M Deal to Bolster Global Crypto Presence
Robinhood Markets, Inc. has announced its agreement to acquire Bitstamp Ltd., a globally recognized cryptocurrency exchange, in a deal valued at approximately $200 million. This strategic move is anticipated to significantly enhance...
Oil prices rise as worries about economic outlook fade
Oil futures on Thursday were on track to post back-to-back session gains as worries about the outlook for U.S. economic growth faded, though concerns remain about fuel demand as the summer travel season gets under way.
Sunset Market Commentary – Action Forex
Markets After the Swiss National Bank (March), the Swedish Riksbank (May) and the Bank of Canada (yesterday), the ECB today is the next in line among central banks from developed economies to reduce policy restriction. It cut its policy rates by 25bps, bringing the...
U.S. regulators to open antitrust probes into Nvidia, Microsoft and OpenAI
OpenAI CEO Sam Altman (L) speaks with Microsoft Chief Technology Officer and Executive VP of Artificial Intelligence Kevin Scott during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024. Jason Redmond | AFP | Getty...
Trump in liberal San Francisco for high-dollar tech fundraiser
Republican presidential candidate Donald Trump will attend a fundraiser hosted by two tech venture capitalists in San Francisco on Thursday, a high-dollar event expected to draw Silicon Valley investors turned off by the Biden administration's policies.Venture...
The markets will overreact to the headlines :: InvestMacro
By Jeffrey Hart, Auburn University As the saying goes, “There are lies, damn lies and statistics.”And on the first Friday of every month, the American public gets a ton of new statistics to peruse. That’s when the U.S. Bureau of Labor Statistics releases its latest...
Govt’s ‘just in time’ release of state funds impacting banks: SBI Research, ET BFSI
Banks are set to be impacted by the central revised procedure of "just in time" release of funds to states under CSS (Centrally Sponsored Schemes) ."The designated banks have been keeping the float funds in interest bearing Savings Bank accounts (paying differential...
EigenLayer Launches Rewards MVP on Holesky Testnet
EigenLayer has officially launched the MVP version of its rewards system on the Holesky testnet, according to EigenLayer Blog. This initial release allows AVS's to integrate and test the reward mechanics for node operators and restakers,...
Jobless claims climb to 4-week high of 229,000, but layoffs still show no sign of accelerating
The number of Americans who applied for unemployment benefits last week rose to a four-week high of 229,000 — likely in part due to the end of the school year — but there was little sign of rising layoffs.
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0851; (P) 1.0872; (R1) 1.0889; More… Intraday bias in EUR/USD remains neutral and outlook is unchanged. Further rally is expected as long as 1.0788 support holds. Break of 1.0915 will resume the rally from 1.0601 to 61.8% projection of 1.0601 to...
Binance Launchpool Introduces IO.NET (IO), Enabling Staking of BNB and FDUSD
Binance has announced the addition of IO.NET (IO) to its Launchpool platform, allowing users to stake Binance Coin (BNB) and First Digital USD (FDUSD) to farm IO tokens. This marks the 55th project to be featured on Binance Launchpool,...
Boeing CEO Dave Calhoun to testify in Senate hearing June 18
Boeing CEO Dave Calhoun speaks briefly with reporters as he arrives for a meeting at the office of Sen. Mark Warner, D-Va., on Capitol Hill in Washington, D.C., on Jan. 24, 2024.Drew Angerer | Getty ImagesBoeing CEO Dave Calhoun will testify before a Senate panel on...
These tips for investing in mutual funds and ETFs keep your portfolio in the race
Read about alternative investments, bitcoin ETFs and a top stock fund that invests in AI.
The Bank of Canada has started a cycle of rate cuts. Today the same step is expected from the ECB :: InvestMacro
By JustMarketsOn Wednesday, the Dow Jones (US30) rose 0.25%, while the S&P 500 (US500) rose 1.18%. The NASDAQ Technology Index (US100) closed yesterday at a positive 1.96%. Stock indices rose on Wednesday, with the S&P 500 and Nasdaq 100 setting new all-time...
SEBI eases timelines for material event disclosures by FPIs, BFSI News, ET BFSI
Financial markets regulator Securities and Exchange Board of India (SEBI) has relaxed timelines for disclosure of certain material changes or events by Foreign Portfolio Investors (FPIs).It categorised material changes into two categories - Type I and Type II.In the...
Euro Holds Steady After ECB Rate Cut
Following ECB’s decision to lower interest rates by 25 bps, a move that aligned with market expectations, Euro remained relatively steady within its near term trading range. ECB President Christine Lagarde, speaking at the post-meeting press conference, deliberately...
Elon Musk’s SpaceX launches fourth Starship flight test
SpaceX launched the fourth flight test of its Starship Thursday, marking another milestone for the private space company’s giant spacecraft and rocket.
Lululemon (LULU) earnings Q1 2024
Lululemon's growth in the Americas, its largest market, appears to be stalling after the retailer on Wednesday reported flat comparable sales in the region and weak guidance for the current quarter. The athletic apparel retailer handily beat Wall Street's earnings...
TradingView introduces BBTrend, indicator created by John Bollinger
TradingView is introducing BBTrend, an indicator created by John Bollinger, the originator of Bollinger Bands. In addition to introducing this new indicator, TradingView has also revised its existing Bollinger Bands indicators under Mr Bollinger’s direct oversight....
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2763; (P) 1.2779; (R1) 1.2803; More….. Outlook in GBP/USD remains unchanged and intraday bias stays neutral. As long as 1.2693 support holds, further rally is in favor. Above 1.2816 will resume the rally from 1.2298 to 1.2892 resistance next. On...
Vistaar Finance Receives USD 50M in Debt Financing from DFC, BFSI News, ET BFSI
BusinessWire IndiaBangalore (Karnataka) [India], June 5: One of India's leading MSME lending institutions, Vistaar Finance, has received funding of US $25M, out of a committed loan of US $50mn, from the U.S. government's development finance institution, U.S....
Future of Web3 Gaming: Insights from Immutable (IMX)’s Robbie Ferguson
The gaming industry is at a pivotal moment, with web3 gaming promising to revolutionize monetization and distribution models. According to Immutable (IMX), over 330 games are leveraging their tech stack to create innovative gaming...
Canopy Growth shares fall after company proposes $250 million stock sale
Proceeds from this expected stock sale will be used for working capital and general corporate purposes, as well as for acquisitions and to pay down debt.
SpaceX Starship rocket launching fourth test spaceflight
SpaceX is set to attempt a fourth test flight of its Starship rocket on Thursday, as the company looks to push development of the mammoth vehicle past new milestones.Elon Musk's company has a two hour window, from 8 a.m. ET to 10 a.m. ET, in which to launch Starship...
Monetary policy decisions – Action Forex
The Governing Council today decided to lower the three key ECB interest rates by 25 basis points. Based on an updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission, it is now appropriate to...
Affirm introduces new buy-now-pay-later options to capture more daily spending
New options allow consumers to have more flexibility in their payback.
Robinhood to acquire Bitstamp for $200M in cash
Robinhood Markets, Inc. has entered into an agreement to acquire Bitstamp Ltd, a global cryptocurrency exchange. Robinhood expects the final deal consideration to be approximately $200 million in cash, subject to customary purchase price adjustments. The acquisition...
Banks for lower provisioning for infra loans as default rates falling, ET BFSI
Lenders want the Reserve Bank of India (RBI) to reduce provisioning requirements for infrastructure loans, due to a consistent decline in the probability of default (PD) in the sector to 2% or less over the past five years.Under the RBI’s draft guidelines for project...
Guild of Guardians Launches to High Ratings and Immersive Gameplay
Guild of Guardians, a new mobile game published by Immutable (IMX) Games, has launched with impressive success, according to immutable.com. The game has received high ratings and a significant increase in active users since its release on...
Walmart hometown Bentonville Arkansas gets more expensive
BENTONVILLE, Ark. — When Gil Curren's family moved into a run-down farmhouse in Walmart's hometown of Bentonville, Arkansas, in 1971, the now-retail giant wasn't yet a decade old. Sometimes, the nearby creek would flood, and cows would break loose onto the dirt road...
EUR/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 168.69; (P) 169.36; (R1) 170.35; More…. Intraday bias in EUR/JPY remains neutral for the moment. Current development suggests that rebound from 164.31 has completed at 170.81. Risk will now stay on the downside as long as 170.87 resistance holds....
Big Lots’ stock slides 19% after retailer posts bigger-than-expected loss
Consumers are still under pressure from inflation and higher prices — and are avoiding big-ticket items, says Big Lots.
LSEG names Pascal Boillat its COO
London Stock Exchange Group plc (LSEG) today announces that Pascal Boillat has been appointed as Chief Operating Officer (COO). Pascal Boillat Mr Boillat will join the Group on 1 July 2024, reporting to David Schwimmer. Based in New York, Pascal will lead LSEG’s...
BNPL startup Simpl undertakes another round of layoffs, rejigs senior leadership, ET BFSI
Bengaluru-based consumer credit startup Simpl has laid off another 30 employees a month after it fired 160 executives. The company conveyed this to employees over one-to-one meetings today, people aware of the development told ET.The development comes after the firm,...
How will the coalition govt affect the vision of Viksit Bharat?, ET BFSI
The incoming central government, despite not being a lame duck, will rely heavily on coalition partners known for frequently shifting their political allegiances. However, this does not necessarily spell the end for economic reforms, given the historical track record...
Too soon for small caps? This money manager is picking up bargains.
This wealth manager says investors are overlooking bargains in small-cap stocks. A dating app, a trading platform and a biopharma are among his picks.
EUR/USD: Bulls Hold Grip Ahead of Key Event – ECB Policy Decision
The Euro edged higher on Thursday morning and partially reversed a two-day pullback from new multi-week high (1.0915), but today’s action was so far choppy and lacking direction, as traders await the verdict from the ECB later today. The European Central Bank...
Psychiatrist Henry Jarecki claims consensual relationship with victim
Henry Jarecki attends The Accompanied Literary Society's Summer Benefit at The Hudson Sky Terrace at The Hudson Hotel in New York City, June 11, 2007.David X Prutting | Patrick McMullan | Getty ImagesFamed psychiatrist and former commodities trader Henry Jarecki on...
What is Solidity Compiler? – 101 Blockchains
Ethereum is the biggest playground for developing smart contracts in the existing blockchain landscape. Developers trust Ethereum as it was the first blockchain to introduce the benefits of smart contract programmability. The ideal programming language to create smart...
Hit It & Quit It with Lisha Bell, Alyson Caffrey, and Mickie Kennedy » Succeed As Your Own Boss
In this episode, Melinda Emerson listeners and introduces guests Lisha Bell, Alyson Caffrey, and Mickie Kennedy. They share their favorite business apps and top business books. The “hit it and quit it” segment provides rapid-fire insights. Sponsored by SmallBizLady...
OKX Enhances VIP Loan Features for Top-Tier Traders
OKX is set to upgrade its VIP Loan feature for traders at the VIP 5 tier and above, according to the official announcement. The update will be effective at 12:00 am UTC on June 6, 2024, and will initially support major cryptocurrencies...
Binance Introduces OMNI to Simple Earn Locked Products Offering 7.9% APR
Binance, one of the world's leading cryptocurrency exchanges, has announced the addition of Omni (OMNI) to its Simple Earn Locked Products, according to the official Binance announcement. This move aims to offer users the opportunity to...
ASML overtakes LVMH on AI boom to become Europe’s second most valuable firm
ASML Holding saw its share price surge on excitement surrounding Nvidia and news it is on course to deliver its latest machines to Samsung and TSMC
CFDs broker XTrade loses ASIC license over “unconscionable conduct”
Australia financial regulator ASIC has announced that it has cancelled the Australian financial services (AFS) license of retail over the counter (OTC) derivatives issuer XTrade.AU Pty Ltd (XTrade). XTrade offered clients opportunities to trade in contracts for...
EURGBP Tests a Key Support Area
EURGBP edges higher today ahead of crucial ECB meeting Strong downside pressure in place despite UK elections being in the spotlight Momentum indicators are mostly mixed at this juncture EURGBP is trading higher today, a tad above its lowest level since August 2022,...
Bank lending to NBFCs spikes 4x in 6 years, MF debt exposure crosses Rs 2 trn mark, ET BFSI
Bank lending to NBFCs spikes 4x in 6 years, MF debt exposure cross Rs 2 trn markMutual Fund (MF) debt exposure to NBFCs crossed the Rs 2 lakh crore mark after 55 months to reach Rs 2.08 lakh crore in April, highlighted a recent report by CareEdge Ratings.This marks an...
India, US, 12 others likely to ink pact today to meet climate financing goal, ET BFSI
India, the US and 12 other countries on Thursday are likely to ink an agreement to help them meet their climate objectives through collaborative financing without imposing barriers.The proposed Clean Economy Agreement under the Indo-Pacific Economic Framework (IPEF)...
Trump Georgia election case halted for challenge to DA
Source: Fulton County JailA Georgia appeals court on Wednesday halted the criminal election interference case against Donald Trump in the state pending the outcome of his bid to disqualify the district attorney prosecuting the former president.The order by the Georgia...
‘He married a manipulative, unlikeable woman’: My father-in-law, 85, named his wife as sole beneficiary to his $230,000 annuities. Can we undo this?
“This woman has isolated my father-in-law and we must go through her to communicate with him via speaker phone.”
GER 40 Index in Positive Mood Ahead of ECB Rate Decision
German 40 index strives to exit bearish formation before a widely expected rate cut Short-term risk skewed to the upside, but confirmation signal could come above 18,672 The German 40 index started Thursday’s session on a positive note, aiming to extend its latest...
Italy’s CONSOB orders blocking of CFDActive and Crypto Services UK websites
Italy’s Companies and Exchange Commission (CONSOB) has issued orders for the blocking of access to four unauthorised investment websites. In issuing the orders, the regulator made use of the powers deriving from the “Growth Decree” (law no. 58 of 28 June 2019, article...
Experts bet on status quo, SBI Research predict rate cut in Q3FY25, ET BFSI
RBI MPC meet: Experts bet on status quo, SBI Research predict rate cut in Q3FY25The RBI is set to announce the decision of its Monetary Policy Committee (MPC) on Friday amid the raising concerns of economic slow down. Since the Lok Sabha Elections gave the outcome on...
Top skills, cities; salaries and more, ET BFSI
The banking, financial services and insurance (BFSI) sector has been undergoing a digital revolution, driven by artificial intelligence (AI) and machine learning (ML) since the past few years. The recent Reserve Bank of India's (RBI) annual report too heavily talks...
Anyscale and deepsense.ai Collaborate on Cross-Modal Search for E-commerce
Anyscale and deepsense.ai have joined forces to develop a cutting-edge fashion image retrieval system, leveraging the latest advancements in multimodal AI technology. This collaboration aims to provide a scalable solution for e-commerce...
Mortgage rates can vary significantly by state. Here’s why — and which states have the lowest rates.
As with everything in real estate, where you live also has an impact on what kind of mortgage rate you can get.
Gold Prices Reach 2368 USD Amid Speculation of Fed Rate Cuts
Gold prices climbed to 2368 USD per troy ounce on Thursday, continuing the upward momentum for the second session. This surge comes as market expectations adjust to the likelihood of future interest rate cuts by the Federal Reserve, fuelled by recent employment data....
McConnell suggests ‘discipline’ for Dem senators pressuring Supreme Court over Alito flags
Senate Minority Leader Mitch McConnell, R-Ky., speaks during a press conference following the weekly Senate caucus luncheons on Capitol Hill in Washington, April 9, 2024.Amanda Andrade-Rhoades | ReutersSenate Minority Leader Mitch McConnell, R-Ky., suggested Wednesday...
Yellen to warn of ‘significant risks’ from use of AI in finance, ET BFSI
By David LawderWASHINGTON, - U.S. Treasury Secretary Janet Yellen will warn that the use of artificial intelligence in finance could lower transaction costs, but carries "significant risks," according to excerpts from a speech to be delivered on Thursday.In the...
RBI penalties up 88% in 3 yrs; KYC, AML top list, BFSI News, ET BFSI
The number of penalties imposed by the Reserve Bank of India on financial institutions grew 88% in the past three years with Know Your Customer (KYC) and Anti Money Laundering (AML) topping the list of non-compliances.The central bank collected ₹78.6 crore over the...
‘Late Show With David Letterman’ band leader Paul Shaffer just sold this beautiful Westchester County home for $2.3 million
The spot is ideal for someone who wants a high-end home with a country feel that’s still a hop, skip, and a jump away from the Big Apple.
Nvidia hits $3 trillion market cap on back of AI boom
Nvidia's CEO Jensen Huang delivers his keystone speech ahead of Computex 2024 in Taipei on June 2, 2024. Sam Yeh | AFP | Getty ImagesNvidia shares closed up 5% to $1,224.40 on Wednesday, giving the company a market cap above $3 trillion for the first time as investors...
ASIC cancels licence of Aussie Wealth Super
The Australian Securities and Investments Commission (ASIC) has cancelled the Australian financial services (AFS) licence of Aussie Wealth Super Pty Ltd. The cancellation is effective from 3 June 2024. The AFS licence was cancelled after ASIC received notification...
Investors to get direct payout of securities now, BFSI News, ET BFSI
The Securities and Exchange Board of India (Sebi) has mandated that investors should receive their securities directly to their demat account from clearing corporations. The move is aimed to protect clients' securities and to ensure that the stock broker segregates...
Eurozone retail sales down -0.5% mom in Apr, EU falls -0.6% mom
Eurozone retail sales volume fell -0.5% mom in April, worse than expectation of -0.2% mom. Sales volume decreased for food, drinks, tobacco by 0.5%, for non-food products (except automotive fuel) by 0.1%, and for automotive fuel in specialised stores by 2.2%. EU...
Microsoft’s $650 million deal with Inflection AI is facing FTC probe: report
The U.S. competition watchdog is investigating whether Microsoft’s deal was structured in a way to avoid scrutiny from the FTC
Corporate card unicorn Payhawk plans acquisitions to expand in US
Saravutvanset | Room | Getty ImagesAMSTERDAM, Netherlands — Corporate payments startup Payhawk told CNBC it is planning mergers and acquisitions to grow its footprint in the U.S. and take on big players in the space like SAP and venture-backed firms Brex and Ramp.The...
Stability AI Launches Stable Audio Open for Text-Based Audio Generation
Introduction of Stable Audio OpenStability AI has unveiled Stable Audio Open, an innovative open source model designed to generate short audio samples, sound effects, and production elements using text prompts. This release represents a...
RBI rate-setting panel starts deliberations on monetary policy, decision on Friday, ET BFSI
The rate-setting panel of RBI on Wednesday started its three-day deliberations to decide the next monetary policy amid expectations of continuation of the current interest rate. Reserve Bank Governor Shaktikanta Das will announce the decisions taken by the Monetary...
Modi’s election shortfall in India has Wall Street scrambling
Indian Prime Minister Narendra Modi gestures, at the Bharatiya Janata Party (BJP) headquarters in New Delhi, India, June 4, 2024. Adnan Abidi | ReutersA stunning political setback for Indian Prime Minister Narendra Modi has business executives in the country furiously...
Rupee falls though Asian peers gain; forward premiums tick up, ET BFSI
The Indian rupee weakened on Thursday despite broad gains in Asian currencies, which were pushed higher by improved odds of the Federal Reserve cutting policy rates later this year.The rupee was at 83.43 against the U.S. dollar as of 09:35 a.m. IST, down from its...
ASIC warns about misuse of its logo on social media to promote fake investments
The Australian Securities and Investments Commission (ASIC) is warning consumers about the misuse of ASIC’s logo on social media to promote fake investments and stock market trading courses and cold calling, and Telegram impersonations. ASIC has received a number of...
GBP/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 198.08; (P) 198.92; (R1) 200.48; More…. Intraday bias in GBP/JPY remains neutral for the moment. Current development suggests that rise from 191.34 has completed at 200.72 after rejection by 200.53. On the downside, break of 197.18 will resume the...
NBFCs’ funding costs to rise as banks cut back, BFSI News, ET BFSI
The cost of funds for non-banks could rise 200 to 300 basis points as banks squeeze funding to this segment. Recent data show that bank funds to the non-bank segment dropped to 15% in April from 22% seen in the same period last year.Non-banks are also likely to face a...
Squishmallows are creating a tougher bar to clear for Five Below
Shares of Five Below Inc. slid after hours on Wednesday after the teen-centric discount retailer cut its full-year sales forecast,
TSMC affiliate Vanguard to build $7.8 billion Singapore wafer with NXP
A worker moves a wafer bank at NXP semiconductors computer chip fabrication plant in Nijmegen, Netherlands March 14, 2024. Piroschka Van De Wouw | ReutersTaiwan Semiconductor Manufacturing Co.-backed Vanguard International Semiconductor Corporation and Dutch chip...
RBI MPC meets amid concerns of inflation, rate cut unlikely say economists, ET BFSI
Mumbai (Maharashtra) [India], June 5 (ANI): The Reserve Bank of India (RBI) is unlikely to reduce the benchmark interest rate in its monetary policy review meeting. The meeting, chaired by Reserve Bank Governor Shaktikanta Das, is underway in Mumbai.The decision of...
FX option expiries for 6 June 10am New York cut
There are a few to take note of on the day, as highlighted in bold.Once again, they are for EUR/USD and this time layered at 1.0850-60 on the bottom end and at the 1.0900 level at the top end. The expiries are likely to keep price action more contained, all before we...
Amazon’s Zoox to expand testing of its self-driving cars to Austin and Miami
Zoox, the self-driving-vehicle unit of Amazon.com Inc., will soon expand street testing to Austin, Texas, and Miami, Fla.
Salesforce to open new AI center in London in UK investment drive
A Salesforce corporate logo hangs over the front door of the Salesforce Tower on January 22, 2024, in New York City.Gary Hershorn | Getty ImagesLONDON — Enterprise tech giant Salesforce is opening an artificial intelligence center in London, making a bullish bet on...
EU elections June 2024: Why it matters
Belgian Foreign minister Hadja Lahbib poses with a European flag in a mock polling station box to encourage people to vote in the upcoming European Elections.Laurie Dieffembacq | Afp | Getty ImagesThe political makeup of the European Union is about to change with...
Post-BoC Selloff Short-Lived for Canadian Dollar, Euro Eyes Upcoming ECB Meeting
Canadian Dollar remains the weakest performer for the week at this point. Yet, losses is so far contained, with the recovery after the brief selloff following BoC’s rate cut overnight. While further cuts are anticipated within the year, the likelihood of another...
Comprehensive Guide to Developing and Trading on Injective (INJ)
Injective (INJ)has positioned itself as a leading platform for blockchain development, offering a seamless experience for backend and frontend developers, smart contract engineers, and node operators. According to the Injective Blog, the...
FINRA fines Crown Capital Securities
Crown Capital Securities has agreed to pay a $50,000 fine as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). From January 2014 to December 2019, Crown Capital Securities failed to reasonably supervise transactions that the firm’s...
Google Unveils New AI Innovations: Gemini 1.5 Pro, Imagen 3, and More
Google's Latest AI Innovations Google has once again pushed the boundaries of artificial intelligence with the introduction of several groundbreaking products and updates, according to Google blog. The tech giant's latest offerings...
How to update KYC of bank account online in HDFC Bank, SBI, Canara Bank, ICICI Bank, ET BFSI
Most financial actions need the submission of KYC data. "Know your customer"—or KYC for short—is a handy tool that helps an organisation confirm a customer's identity.Many banks have provided facilities to customers to update their Know Your Customer (KYC) details...
RBI penalties up 88% in 3 yrs; KYC, AML top list, BFSI News, ET BFSI
The number of penalties imposed by the Reserve Bank of India on financial institutions grew 88% in the past three years with Know Your Customer (KYC) and Anti Money Laundering (AML) topping the list of non-compliances.The central bank collected ₹78.6 crore over the...
Rupee pressed by equity outflows, supported by soft dollar, ET BFSI
The 1-month non-deliverable forwards indicate rupee will open nearly flat from 83.37 in the previous session. On the back of likely intervention by the central bank, the rupee managed a recovery on Thursday.The Indian rupee is expected to open largely unchanged on...
Trump fundraiser host accused of making racist remarks at work in lawsuit
Xtreme Manufacturing owner and Ahern Rentals CEO and Chairman Don Ahern speaks at a campaign event for President Donald Trump at Xtreme Manufacturing in Henderson, Nevada, Sept. 13, 2020.Ethan Miller | Getty ImagesFormer President Donald Trump will be hosted at a...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2737; (P) 1.2777; (R1) 1.2810; More….. Range trading continues in GBP/USD and intraday bias stays neutral for the moment. Further rise is in favor as long as 1.2693 support holds. Above 1.2816 will resume the rally from 1.2298 to 1.2892 resistance...
Corporate restructurings on rise because ‘nobody is coming to save you’, says Ken Moelis
An extended cycle of corporate restructurings is ahead as companies feel the heat from higher interest rates, says investment banker Ken Moelis.
Nvidia passes Apple in market cap
Jensen Huang, co-founder and CEO of Nvidia, during the Nvidia GPU Technology Conference in San Jose, California, on March 19, 2024.David Paul Morris | Bloomberg | Getty ImagesNvidia briefly passed Apple in market cap on Wednesday during intraday trading as the...
Barry Sternlicht says investors shouldn’t think of his Starwood REIT property fund ‘as an ATM’
Barry Sternlicht, chairman and CEO of Starwood Capital Group, defended the decision to cap how much investors can withdraw from his $10 billion property fund.
American Airlines offers flight attendants raises amid contract talks
American Airlines flight attendants demonstrate outside the White House in Washington, May 9, 2024.Drew Angerer | AFP | Getty ImagesAmerican Airlines CEO Robert Isom offered flight attendants immediate 17% wage increases on Wednesday as contract talks continue without...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 154.13; (P) 155.31; (R1) 156.07; More…. Intraday bias in USD/JPY remains neutral for the moment. Risk will stay on the downside as long as 157.70 resistance holds. Fall from there is seen as the third leg of the corrective pattern from 160.20. On...
Amazon union in New York adds Teamsters affiliation before ratification vote
The International Brotherhood of Teamsters announced Wednesday that it has formally affiliated with the Amazon Labor Union, with a vote to ratify the affiliation to take place in “the coming weeks.”
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8867; (P) 0.8919; (R1) 0.8954; More…. Intraday bias in USD/CHF is turned neutral with 4H MACD crossed above signal line. Strong rebound from current level, followed by break of 0.8987 support turned resistance, will suggest that correction from...
Bitfinex Rolls Out Version 1.97 with TradingView Update and Key Bug Fixes
Bitfinex has released Version 1.97, bringing significant updates to its trading platform, including enhancements to the TradingView chart and several key bug fixes, according to Bitfinex. Performance and UI Improvements The latest update...
Crypto-AI startups are getting the most funding now — and that could be a problem
A weekly look at the most important moves and news in crypto, and what’s on the horizon in digital assets.
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0853; (P) 1.0885; (R1) 1.0910; More… Intraday bias in EUR/USD remains neutral for the moment, as consolidation continues below 1.0915. Further rally is expected as long as 1.0788 support holds. Break of 1.0915 will resume the rally from 1.0601 to...
Resist the urge to ‘treat yourself’ — and reset your financial habits for life
The earlier you start to save, the more likely you can achieve your goals.
Bank of Canada reduces policy rate by 25 basis points
The Bank of Canada today reduced its target for the overnight rate to 4¾%, with the Bank Rate at 5% and the deposit rate at 4¾%. The Bank is continuing its policy of balance sheet normalization. The global economy grew by about 3% in the first quarter of 2024, broadly...
Euronext to repurchase 100k shares as part of its long-term incentive plan
Pan-European market infrastructure Euronext today announced that it will repurchase 100,000 of its own shares as part of its Long-Term Incentive plans. This repurchase programme will be implemented and directed by an independent agent from 6 June 2024 to 21 June 2024....
Bitcoin tests topside trendline and the May high
Bitcoin moves toward May highBitcoin is up for the 4th consecutive day and in the process is testing a topside trend line. The high price has reached $71759 so far today. If the price can move above that trend line level and the high price from May at $71958, that...
Apple looks to clinch $3 trillion market cap again, while Nvidia is on its tail
Apple is on the brink of crossing back into $3 trillion market-capitalization territory for the first time since January.
Donald Trump to speak at private CEOs meeting, weeks after conviction
Former US President and Republican presidential candidate Donald Trump points as he arrives back at Trump Tower after being convicted in his criminal trial in New York City, on May 30, 2024. Timothy A. Clary | AFP | Getty ImagesFormer President Donald Trump will...
Understanding Your Withholding Allowance on Your Form W-4
If you have filed your taxes, you may wonder what to expect and what moves you should make now. One of the most critical moves you can make is to do a check-up and make sure you have the correct amount of withholding taken out of your paycheck. TurboTax has you...
US ISM services rises to 53.8, activity/production surges
US ISM Services PMI jumped from 49.4 to 53.8 in May, well above expectation of 51.0. Looking at some details, business activity/production rose sharply from 50.9 to 61.2, highest since November 2022. New orders rose from 52.2. to 54.1. Employment rose from 45.9 to...
Plummeting oil, diesel, and copper prices signal economic stress. Here’s why.
Some commodities can serve as barometers of economic activity, and the recent sharp declines in diesel, oil, and copper prices, along with signs of a demand slowdown in recent weeks, hint at a U.S. economy that has been “struggling.”
Breaks $71k ahead of US NFP :: InvestMacro
Roughly 4% away from all-time highOver past year NFP triggered moves of ↑ 2.5% & ↓ 1%Key level of interest – $72,000Are Bitcoin bulls gearing up for another charge higher?Well, the world’s largest cryptocurrency has jumped almost 5% this week, trading around...
Hong Kong Monetary Authority Announces Results of RMB Sovereign Bond Tenders
Results of RMB Sovereign Bonds Tender The Hong Kong Monetary Authority (HKMA) has officially announced the results of its recent tender for 2-year Renminbi (RMB) Sovereign Bonds, held on June 5, 2024. The tenders, aimed at both...
FTC antitrust lawsuit against Southern Glazer’s coming
Lina Khan, chair of the Federal Trade Commission, speaks at The Wall Street Journal’s Future of Everything Festival in New York City, U.S., May 22, 2024. Andrew Kelly | ReutersThe Federal Trade Commission is preparing an antitrust lawsuit against the largest U.S....
Feeling great about your 401(k)? Don’t be overconfident — a significant downturn could crush your retirement.
Nearing retirement? How to harvest gains from your investments.
Sunset Market Commentary – Action Forex
Markets The US 10-yr yield tested 4.31% support after a small miss in May ADP employment change. The US economy added 152k jobs (vs 175k expected) with April figures marginally downwardly revised to 188k (from 192k). The deviation wasn’t big enough to trigger a strong...
3 things to know before shopping the summer discounts at Target, Walmart, Amazon and more
Five retailers — Target, Walmart, Amazon, Aldi and Walgreens — have slashed prices. But only one says the discounts are permanent.
APRA fines Equity Trustees for failing to meet data reporting requirements
The Australian Prudential Regulation Authority (APRA) has fined Equity Trustees Superannuation Limited (ETSL) $782,500 for failing to meet its legal obligations to report data to APRA. ETSL breached the requirements of the Financial Sector (Collection of Data) Act...
Gold: Moonshot to $2800 or Dive Below $2000?
Gold volatility has fallen markedly in recent days as gold traders consider their next move, while many commodities are in a corrective decline. In May, the gold price climbed towards $2450, above the peaks of April, but failed to consolidate near all-time highs....
Trump wants gag order lifted in hush money case
Republican presidential candidate and former U.S. President Donald Trump attends a press conference, the day after a guilty verdict in his criminal trial over charges that he falsified business records to conceal money paid to silence porn star Stormy Daniels in 2016,...
CoreWeave Invests $2.2 Billion in European AI Infrastructure Expansion
CoreWeave, the company renowned for its AI hyperscaling capabilities, has announced a substantial investment of $2.2 billion to expand its operations with three new data centers across continental Europe, according to PRNewswire. This...
Vast majority of Republican voters favor ‘painful’ tax hikes as part of deficit deal, poll finds
Americans across the political spectrum see the U.S. budget deficit as an urgent challenge that should be addressed with a combination of tax increases and spending cuts.
Could Stronger US Data Force a Fed Rate Cut?
Markets crave weaker US data to support their rate cut expectations Strong data this week could cause an acute market reaction The Fed might find it easier to act if financial stability is under threat The key question in the market participants’ minds is when the Fed...
Electric air taxi maker gets key FAA signoff
Midnight, an all-electric aircraft from company Archer Aviation, is seen at the Salinas Municipal Airport in Salinas, California, on Aug. 2, 2023.Carlos Barria | ReutersThe Federal Aviation Administration has granted Archer Aviation a key certification that gets the...
New Zealand Dollar shows stability amid US economic concerns :: InvestMacro
By RoboForex Analytical Department The NZD/USD pair is stable, consolidating around 0.6189 on Wednesday. The New Zealand dollar maintains a sideways trend and appears relatively robust in the current market environment.Recent pressure on the US dollar, triggered by...
Boeing’s Starliner launches on historic first crewed flight
Boeing Co.’s Starliner spacecraft has launched on its historic first crewed flight, carrying two NASA astronauts to the International Space Station.
Bank of Canada Cuts Its Policy Rate to 4.75%!
The Bank of Canada cut the overnight rate to 4.75% (from 5.0%), while stating that it will continue with Quantitative Tightening (QT). The Bank spoke confidently about the economy, stating “economic growth resumed in the first quarter of 2024 after stalling in the...
Boeing Starliner to launch first NASA astronauts
Boeing aims to launch its first Starliner flight with astronauts on Wednesday, in the latest attempt to fly the long-delayed spacecraft.The launch is scheduled for 10:52 a.m. ET from Cape Canaveral, Florida. Two NASA astronauts will be aboard the Starliner capsule,...
A few stocks are driving most market gains. Here’s why investors shouldn’t worry too much.
A handful of Big Tech stocks are once again dominating the stock market. But that’s not necessarily a bad thing.
Glossnode: Bitcoin (BTC) Investors See Speculative Activity amid Mt. Gox Distribution Preparations
After months of stagnation and sideways price action, the Bitcoin (BTC) market is showing the first signs of renewed speculative activity. This development follows a recent false alarm regarding the distribution of the Mt. Gox supply,...
IEX appoints John Palmer to lead new markets
IEX Group, Inc today announced the appointment of John Palmer to lead its efforts to build out new markets. As a member of the IEX Group, Inc. leadership team, Palmer will focus on leveraging the strengths of IEX’s core system and technology to develop new markets and...
401(k) Rollover Rules & How It Works
Planning for retirement is a great way to stay ahead of the game, but what do you do when you find a new job and start investing in a separate retirement plan? 401(k) rollovers allow you to transfer the funds from your old 401(k) to a new retirement plan or account....
BoC cuts rate to 4.75%, signals confidence in inflation control
BoC cuts overnight rate by 25 bps to 4.75%, as anticipated. The central bank stated that recent data has bolstered confidence that inflation will continue to move towards 2% target, despite ongoing risks to the inflation outlook. BoC emphasized its close monitoring of...
OKX Introduces Simple Earn Fixed Product for Crypto Users
OKX has announced the launch of its new Simple Earn Fixed product, available to all users starting May 30, 2024. The product currently supports leading cryptocurrencies including USDT, USDC, BTC, and ETH, according to OKX. About Simple...
NCLT orders insolvency proceedings against Jaypee Associates on ICICI, SBI plea, ET BFSI
The initial insolvency plea was filed by ICICI Bank in 2018, followed by SBI's plea in 2022, which claimed a total default of Rs 6,893.15 crore.The Allahabad bench of the National Company Law Tribunal (NCLT) directed the initiation of insolvency proceedings against...
U.S. services sector bounces back in May, ISM says
The Institute for Supply Management said on Wednesday that its service-sector PMI rebounded to 53.8% in May from 49.4% in the prior month.
U.S. appeals court rejects SEC oversight rule for private equity, hedge funds
The headquarters of the U.S. Securities and Exchange Commission in Washington, D.C.Andrew Kelly | ReutersA U.S. appeals court rejected a Securities and Exchange Commission rule intended to give investors more transparency into private funds, but which the nearly $27...
Do I Need a Social Security Number to File My Taxes?
When filing your taxes, you might wonder whether or not you need a Social Security number to file your return. Surprisingly, the answer is not always yes. Those ineligible for a Social Security number can still fulfill their tax obligations. To learn about another...
Dollar Tree (DLTR) earnings Q1 2024
An exterior view of a Dollar Tree store in Bloomsburg Pennsylvania. Paul Weaver | Sopa Images | Lightrocket | Getty ImagesDollar Tree announced Wednesday it is considering a sale of its more grocery-focused Family Dollar brand.The company had recently shared plans to...
Australia’s economy is slowing down. The BoC meeting is in the spotlight today :: InvestMacro
By JustMarketsAt Tuesday’s close, the Dow Jones Index (US30) was up 0.36%, while the S&P 500 Index (US500) added 0.15%. The NASDAQ Technology Index (US100) closed positive 0.17% yesterday. The April JOLTS job openings number fell more than expected to a 3-year...
How to Lower Your Property Taxes
Owning a home can come with many benefits, but it also means you are liable for property taxes. Although property taxes may be inevitable, there are strategies you can use to potentially reduce them. But before we get into these strategies, let’s first consider some...
‘I’m divorcing after a lot of heartache’: Should I suggest my husband keep his $200,000 401(k), so I can take our $360,000 house?
“My early career 401(k)s were used as house down payments.”
AUDCAD Consolidates Above Key Support Zone
AUDCAD is trading sideways, above upside channel RSI and MACD corroborate the lack of momentum A break above 0.9125 could shift the bias to the upside A dip below 0.9000 may only confirm a larger correction AUDCAD has been trading in a sideways manner since May 15,...
Bitcoin-Based NFTs: Ordinals and Runes Surge in Market Cap and Popularity, Reports CoinGecko
The total market cap of the top 10 Bitcoin-based non-fungible tokens (NFTs), comprising Ordinals and Runes, has surged to $1.03 billion, with a daily average trading volume of $2.25 million in May 2024, according to CoinGecko. This...
Walmart rolls out new job training program, bonuses for associates
Walmart on Wednesday said it will offer new training programs and certifications to fill high-demand roles across its business, such as HVAC technicians, opticians and software engineers.The big-box retailer said it will also offer another reason for hourly store...
Macro policy choices unclear, but work cut out on reforms agenda, ET BFSI
I will keep it simple. In FY24, nominal GDP grew 9.6%, CPI inflation recorded 5.4%, and real GDP growth was estimated at 8.2%. Typically, in most economies real GDP growth broadly tracks the difference between nominal GDP growth and CPI inflation. In India's case,...
Is my annuity a scam? They won’t give me the information I ask for when I call.
A reader is confused about the terms of the financial contract her late husband set up.
Subdued Trading Continues as Markets Shrug US ADP Disappointment
Trading in the forex markets is subdued US session gets underway, with weaker-than-expected U.S. ADP private job data failing to stir significant movement in the Dollar. Despite the slowdown in job gains and pay growth, the job market remains robust. US futures are...
FSCS confirms administrators appointed at TenetConnect Services Ltd
On 5 June 2024 the directors appointed Ed Boyle, Howard Smith and Rob Spence of Interpath Ltd as Joint Administrators of Tenet Group Ltd. Ed Boyle and Rob Spence were also appointed as Joint Administrators of its subsidiary companies Tenet Ltd, TenetConnect Ltd and...
McDonald’s loses ‘Big Mac’ trademark in European Union
Europe’s top court ruled in favor of Supermac’s in revoking McDonald’s exclusive rights to use the Big Mac trademark to sell chicken sandwiches
Binance Futures Announces Trading Carnival with 5,000,000 NOT Prize Pool
Binance Futures Trading Carnival with 5,000,000 NOT Prize PoolBinance Futures has announced the launch of a trading carnival that offers participants the chance to share a total prize pool of 5,000,000 NOT in token vouchers, according to...
US ADP employment roses 152k, below expectation 175k
US ADP private employment grew 152k in May, below expectation of 175k increase. By sector, goods-producing jobs rose 3k while services-providing jobs rose 149k. By establishment size, small companies lose -10k jobs. Medium companies added 79k while large companies...
The 100 Billion Dollar Climate Finance Conundrum, BFSI News, ET BFSI
It is surprising that the Parties – member countries in UNFCCC parlance - that burn the midnight oil (an equivalent LED based idiom has yet to emerge) every COP on the bracketed text and in reading between the lines, left the most important of the operative parts...
Who is Anat Ashkenazi, the Eli Lilly veteran becoming Google’s next CFO?
As Alphabet looks to fill a vacancy in its senior ranks, it’s turning to a longtime Eli Lilly veteran who helped build the healthcare company into a juggernaut.
Alphabet taps Eli Lilly’s Anat Ashkenazi as new CFO
A view of Google Headquarters in Mountain View, California, United States on April 16, 2024. Tayfun Coskun | Anadolu | Getty ImagesEli Lilly CFO Anat Ashkenazi will become Alphabet's new chief financial officer effective July 31, Google's parent company announced...
Finseta completes sale of Capital Currencies
Finseta plc (LON:FIN), a Forex and payments solutions company offering multi-currency accounts to businesses and individuals through its proprietary technology platform, announces the completion of the sale of 100% of the share capital of Capital Currencies Ltd. The...
Rupee to count on central bank’s help amid portfolio outflows, ET BFSI
By Nimesh VoraMUMBAI - The Indian rupee will rely on the central bank stepping in to defend the currency on Wednesday, amid likely foreign portfolio outflows following the unexpected outcome of the country's general election.Non-deliverable forwards indicate the rupee...
EUR/USD to Hold Below 1.09 Given the Risk of Euro Weakness
Markets The three-day Treasury rally morphed into a four-day advance yesterday. The common theme is some worry on (US) growth momentum. It all started last Thursday with downward revisions to Q1 GDP data (especially consumption). Slightly disappointing spending data...
These popular stock-market trades are unwinding as Fed bets shift. Here’s what happens next.
Higher 10-year yields have been hitting some hot AI plays, but benefiting other beaten-down stocks. Here’s the next move for investors.
Hong Kong Monetary Authority’s Project mBridge Achieves MVP Milestone
Project mBridge Reaches Crucial MVP StageThe Hong Kong Monetary Authority (HKMA) alongside the mBridge project team has announced the achievement of the Minimum Viable Product (MVP) stage for Project mBridge. This initiative aims to...
Tether invests $18.75M in Taiwan’s XREX to further blockchain-based EM payments
Tether, the largest company in the digital asset industry, has announced a strategic investment of $18.75 million in Taiwan’s XREX Group, a fully regulated, blockchain-enabled financial institution. This collaboration aims to drive innovation in the digital asset...
AUD/USD and NZD/USD Could Continue Higher
AUD/USD is correcting gains from the 0.6700 zone. NZD/USD is showing positive signs and might attempt a fresh increase above 0.6200. Important Takeaways for AUD USD and NZD USD Analysis Today The Aussie Dollar started a downside correction from 0.6700 against the US...
Deutsche Bank ties up with Bitpanda in ‘cautious’ crypto shift, ET BFSI
(Corrects to show Bitpanda is a broker (not an exchange), in paragraphs 1 and 12)By Elizabeth HowcroftAMSTERDAM - Deutsche Bank will work with Bitpanda to process customer deposits and withdrawals for the Austrian crypto broker, the companies told Reuters.The crypto...
SEBI launches SaaRs thi app to understand personal finance for investors, ET BFSI
The capital markets regulator, the Securities and Exchange Board of India (SEBI) has launched 'SaaRsthi' mobile app on personal finance for investors.This user-friendly app will help investors understand complex financial concepts in a simple way, the market regulator...
‘What am I saving for?’ Even if you’re child-free with plenty of money, you’ll still have money worries.
If you don’t have kids (and don’t plan on having kids), the trajectory of your financial life changes.
Raghuram Rajan on election results, says voters spoken, ET BFSI
Former RBI Governor Raghuram Rajan Speaking on the Lok Sabha Election Results, the former Governor of Reserve Bank of India (RBI), Raghuram Rajan, praised the ‘wise’ Indian voters for electing a strong Opposition.He further labelled the election results as a ‘win for...
Binance to Introduce New Trading Pairs for Spot Copy Trading, Influencing 1INCH, IOST, ACH, ADX, API3 and More
Binance, one of the leading cryptocurrency exchanges, has announced an expansion of its Spot Copy Trading services. Starting June 7, 2024, at 08:00 UTC, the platform will introduce several new trading pairs to enhance the trading...
Emerging-market stocks’ latest bout of weakness likely won’t last, but that doesn’t mean they will outperform the U.S.
Emerging-market stocks have stumbled since hitting their strongest level in more than two years last month.
USDJPY Recoups Losses After Bounce Off Rising Line
USDJPY heads north with first resistance at 20-day SMA RSI and Stochastics confirm upside movement USDJPY has reversed back up again after the strong rebound off the medium-term uptrend line and the 50-day simple moving average (SMA), meeting the 23.6% Fibonacci...
SEC brings insider trading charges against former Lumentum exec
The Securities and Exchange Commission (SEC) has filed insider trading charges against Andre Wong for unlawfully trading the securities of NeoPhotonics Corporation ahead of an announcement that his then-employer, Lumentum Holdings Inc, had agreed to acquire...
Analysts warn, ‘Don’t jump in yet, Market dip may deepen’, ET BFSI
Election Results: The BJP, which secured 303 seats in 2019 and 282 in 2014, found itself struggling to attain a complete majority this time around. Falling short of their past performances, the BJP now faces the challenge of forming a coalition government.This marks...
NVIDIA Parabricks v4.3.1 Enhances Genomic Analysis with Deep Learning
NVIDIA has announced the release of Parabricks v4.3.1, a significant upgrade to its genomic analysis software, according to the NVIDIA Technical Blog. This latest version introduces new functionalities for variant calling in somatic data,...
Macro policy choices unclear, but work cut out on reforms agenda, ET BFSI
I will keep it simple. In FY24, nominal GDP grew 9.6%, CPI inflation recorded 5.4%, and real GDP growth was estimated at 8.2%. Typically, in most economies real GDP growth broadly tracks the difference between nominal GDP growth and CPI inflation. In India's case,...
SAP to acquire WalkMe in all-cash deal valued at about $1.5 billion
German enterprise software company SAP SE said Wednesday it has agreed to acquire WalkMe Ltd. in an all-cash deal valued at about $1.5 billion.
Amazon’s first U.S. labor union moves to affiliate with Teamsters
Amazon workers arrive with paperwork to unionize at the National Labor Relations Board office in Brooklyn, New York, Oct. 25, 2021.Brendan Mcdermid | ReutersThe Amazon Labor Union, the first group of company workers to organize at a U.S. warehouse, said Tuesday that...
NZDUSD Extends Recovery to Fresh Highs
NZDUSD posts an almost 3-month high on Tuesday But the risk of an impending correction increases Oscillators approach overbought conditions NZDUSD has been in an aggressive uptrend following its 2024 bottom of 0.5851 in mid-April. On Tuesday, the pair stormed to its...
Marqeta opens new office in Poland
Marqeta, a global modern card issuing platform, today announced its new office in Warsaw, Poland to support its long term business and growth strategies. By setting up operations in Poland, Marqeta gains direct access to the European Union, positioning it well for...
The road trip is back as more Americans search for savings on summer travel. Here’s how to pull off a great road trip.
Some 66% of American travelers are planning to take a road trip this summer, up from 56% last year. Most say they’re hitting the road to save money.
Nium cuts valuation by 30% in funding round, eyes 2025 IPO
Westend61 | Westend61 | Getty ImagesAMSTERDAM, Netherlands — Financial technology startup Nium told CNBC Wednesday it raised $50 million in new funds from investors, and is targeting an initial public offering in the next 18 months.The fundraising round was led by an...
RBI absorbs Rs 44,430 crore surplus liquidity ahead of its dividend spend by govt, ET BFSI
The Reserve Bank of India (RBI) absorbed surplus liquidity amounting to Rs 44,430 crore on Tuesday through two variable rate reverse repo (VRRR) auctions with a three-day tenor. This amount was deployed by banks, even though the central bank was prepared to absorb up...
Citi’s new banking head Viswas Raghavan begins as CEO hails his ‘intensity’, ET BFSI
Viswas Raghavan joined Citigroup as its new head of banking this week in New York, the lender said on Tuesday, after it hired the former head of investment banking from JPMorgan earlier this year.Citi's CEO Jane Fraser has expressed high hopes for Raghavan, who...
XAU/USD: Key Economic Events This Week Eyed for Fresh Direction Signals
Gold price edges higher early Wednesday, bouncing off the floor of near term range and remaining without clear direction as markets await fresh signals from key economic events this week. Conflicting technical indicators on daily chart contribute to near term sideways...
Seamlessly Transfer Funds from Immutable (IMX) X to Immutable zkEVM: A Step-by-Step Guide
Transferring funds between blockchain networks has become increasingly vital for crypto users. Immutable (IMX) X users can now move their funds seamlessly to Immutable zkEVM using a straightforward process detailed by Immutable.com....
Electoral shock dashes hopes of rate cut, BFSI News, ET BFSI
It is well known that food inflation has been a thorn in the Reserve Bank of India's (RBI) side for long, but the elections have thrown up a new reason for the central bank to keep rate cuts at bay for the foreseeable future - a potentially new fiscal landscape led by...
A Deep Guide on Artificial Intelligence of Things (AIoT)?
Internet of Things or IoT refers to the network of interconnected devices and machines that can ensure data transmission without human intervention. Over the course of the last decade, IoT has led to significant changes in the approaches for business operations and...
The No. 1 issue for young Americans this election? Not student loans, abortion or guns — it’s housing.
Americans across demographics shared the issues they care about the most in a Redfin survey.
Australia drops case against Elon Musk’s X over church stabbing videos
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 ImagesAustralia on Wednesday announced it had dropped...
Electoral shock dashes hopes of rate cut, BFSI News, ET BFSI
Mumbai: It is well known that food inflation has been a thorn in the Reserve Bank of India's (RBI) side for long, but the elections have thrown up a new reason for the central bank to keep rate cuts at bay for the foreseeable future - a potentially new fiscal...
Exclusive: Institutional broker GMI UK sees 37% decline in 2023 Revenues to £617K
FNG Exclusive… FNG has learned via regulatory filings that FCA regulated FX and CFDs broker Global Market Index Limited has seen a second consecutive year of Revenue declines in 2023, with the company bringing in just £616.6 thousand (USD $787,000), down by 37% from...
Eurozone PPI down -1.0% mom, -5.7% yoy in Apr
Eurozone PPI fell -1.0% mom in April, below expectation of -0.5% mom. Over the 12-month period, PPI fell -5.7% yoy, below expectation -5.1% yoy. For the month, industrial producer prices increased by 0.3% for intermediate goods, 0.2% for capital goods, 0.2% for...
Foreign portfolio investors sold over Rs 12,000 crore India stocks on poll results day, ET BFSI
New Delhi [India], June 4 (ANI): Foreign portfolio investors (FPIs) heavily sold stocks off their portfolio in India on Tuesday, as the broader market witnessed a bloodbath, tracking initial trends in Lok Sabha results.As per data available on NSE website, foreign...
Zara-owner Inditex beats expectations in face of mounting competition from Shein
The fast fashion company increased its sales and profits as it outlined plans to further grow its sales in the face of mounting competition from Sino-Singaporean retailer Shein
Kneron launches latest AI chips in latest challenge to Nvidia, AMD
Albert Liu, founder and CEO of Kneron.Harry Murphy | Sportsfile | Getty ImagesKneron, an artificial intelligence chip startup, launched its next-generation products on Wednesday as it looks to cash in on AI interest from businesses and offer an alternative to giants...
SEBI constitutes committee to review ownership, economic structure of clearing corporations, ET BFSI
SEBI sets up committee to review ownership, economic structure of clearing corporationsFinancial market regulator SEBI has formed a committee to review the ownership and economic structure of clearing corporations and suggest measures to ensure that those entities...
Bitcoin is back above $70,000
TheBitcoin is on pace to close at the highest level since May 20 when the price closed at $71,401. That was the highest close going back to April 8. The current price is trading at $70,502.There is some risk-on sentiment today as sellers were limited in their downside...
UK PMI services finalized at 52.9, expansion slows, price pressures ease
The latest PMI data from the UK indicates a deceleration in the service sector for May, with the Services PMI dropping to 52.9 from April’s 55.0, marking the slowest growth rate since November. The Composite PMI, which aggregates both services and manufacturing, also...
Bias of markets expected, rural & agriculture to be the new focus areas: Reports, ET BFSI
India’s national election has returned BJP-led National Democratic Alliance for the third time to power but the final seat tally has been significantly lower than predicted by the Exit polls (~370 seats) and achieved in 2019 (353 seats). In particular, the loss of...
New York Jets QB Tyrod Taylor lists his $5 million Georgia mansion—you won’t believe the shoe closet
The seven-bedroom, 10-bath, Atlanta-area estate sits on a 2-acre lot and shows off the athlete’s impressive sneaker collection
SoftBank shares soar on report Elliott Management’s pushing for buybacks
The SoftBank Corp. logo displayed on a glass door of the company's store in Tokyo, Japan, on Wednesday, May 8, 2024. SoftBank Group Corp. is scheduled to announce its earnings figures on May 13. Photographer: Toru Hanai/Bloomberg via Getty ImagesToru Hanai | Bloomberg...
Binance Unveils New Earn Wednesday Offers: Explore Simple Earn, ETH Staking, and Dual Investment Options
Binance has announced its latest set of limited-time offers under the banner of 'Earn Wednesday.' The initiative, which launches new offers every Wednesday, aims to provide users with diverse investment opportunities across various...
LMAX launches FX NDFs trading in Singapore and London
Institutional FX and digital assets broker LMAX Group has announced the launch of FX Non-Deliverable Forwards (NDFs), available to trade in two matching centres, Singapore (SG1) and London (LD4). The launch follows the receipt by LMAX Exchange, the Group’s global...
Swiss financial regulator wants to be able to name and shame banks, ET BFSI
ZURICH, - Swiss financial regulator FINMA wants to be able to name and shame banks which breach its rules, Chief Executive Stefan Walter told newspaper NZZ in an interview published on Tuesday.The call is one of FINMA's demands for increased powers after the authority...
SEBI launches SaaRs thi app to understand personal finance for investors, ET BFSI
The capital markets regulator, the Securities and Exchange Board of India (SEBI) has launched 'SaaRsthi' mobile app on personal finance for investors.This user-friendly app will help investors understand complex financial concepts in a simple way, the market regulator...
Eurozone PMI composite finalized at 52.2, a 12-month high
Eurozone PMI Services was finalized at 53.2 in May, slightly down from April’s 53.3. PMI Composite was finalized at 52.2, up from prior month’s 51.7, a 12-month high. Also, business confidence surged to 27-month high. Inflation rates cooled but remained above...
Elon Musk confirms reallocating thousands of Nvidia AI chips from Tesla
Tesla Inc. Chief Executive Elon Musk confirmed Tuesday that he diverted thousands of Nvidia Corp. chips from the EV maker.
Starling says no plans to pursue EU bank license, focus on Engine
Raman Bhatia, incoming chief executive officer of Starling. Bhatia moved over from OVO Energy Ltd., where he was CEO. Zed Jameson | Bloomberg | Getty ImagesAMSTERDAM — Digital bank Starling will not re-apply for a European Union banking license and instead pursue...
Sumsub joins Mastercard Engage Partner Program as Digital First tech partner
Sumsub, a global full-cycle verification platform, has joined the Mastercard Engage Partner Program as a technological partner focused on Digital First solutions. Sumsub will provide its full suite of verification and anti-fraud solutions to secure customers’...
NVIDIA JetPack 6.0 Officially Released, Enhancing Edge AI Capabilities
NVIDIA has officially announced the general availability of JetPack 6.0, the latest version of its software development kit (SDK) for NVIDIA Jetson modules, which offers a comprehensive solution for building accelerated AI applications....
Rupee plunges by 42 paise, most in a year, to 83.53 vs $, BFSI News, ET BFSI
MUMBAI: The rupee fell the most in over a year to close at 83.53 against the dollar, down 42 paise over Monday's close. Prices of govt bonds also fell sharply, with the yields on the benchmark 10-year bond rising by over 5 basis points (100bps = 1 percentage point) to...
Indian central bank likely intervened in NDF to support rupee, traders say, ET BFSI
MUMBAI - The Indian central bank likely intervened in the non-deliverable forwards market to support the rupee on Wednesday, which has been under pressure post the unexpected election outcome, seven traders said.The rupee was last at 83.4475 to the U.S. dollar, up...
Rupee ticks higher on likely cenbank intervention; traders eye equity flows, ET BFSI
By Jaspreet KalraMUMBAI - The Indian rupee rose on Wednesday, aided by likely intervention from the central bank after the currency slumped the most in over a year in the previous session following a narrower than expected victory margin for Prime Minister Narendra...
Widening ownership is going to be propelling Bitcoin to $150,000
I posted comments earlier from Fundstrat Global Advisors Managing Partner and Head of Research, Tom Lee on his S&P 500 forecast:He also spoke on Bitcoin, reiterating his USD150K forecast:There’s the tailwinds that are associated with halving that just take place....
FX option expiries for 5 June 10am New York cut
There are just a couple to take note of on the day, as highlighted in bold.The first ones are for EUR/USD, layered between 1.0855 through to 1.0900 on the day. The expiries there are likely to keep price action more contained, before we get to the US ADP employment...
Equities in Dallas could have new meaning as BlackRock, Citadel back upstart Texas Stock Exchange
BlackRock and Citadel Securities are backing an upstart stock exchange to be called the Texas Stock Exchange that will be based in Dallas
Intel CEO talks of regaining market share
Intel wants to regain its position as the world's leading chipmaker, CEO Pat Gelsinger said, after being overtaken by rivals TSMC and Samsung in recent years."We want to build everybody's chips, everybody's AI chips. We want them to be built leveraging the U.S....
Weak Loonie Anticipates BoC, Struggling Dollar Seeks Support from ADP and ISM Services
Forex trading in Asian session today was relatively muted, with market participants holding off on major moves in anticipation of impending key events. The spotlight is on BoC, with traders eagerly awaiting its rate decision. There is considerable speculation on...
Binance to Delist ACE, DOT, and Other Spot Trading Pairs
Binance, one of the leading cryptocurrency exchanges, has announced the removal of several spot trading pairs from its platform. The decision comes as part of Binance's periodic reviews aimed at maintaining a high-quality trading...
Oil ends lower as OPEC+ output cut phaseout feeds prospects for a supply surplus
Oil futures tallied a fifth straight session loss on Tuesday as OPEC+’s decision over the weekend to begin unwinding some production cuts later this year fed concerns about the prospects for a supply surplus.
Do I Have to Give EVERY Dollar a Job?
When we say give every dollar a job, we really mean every single dollar! Let's talk Rule One of the YNAB Method: Give Every Dollar a Job. You know it (or maybe you don't yet), you love it (or you will soon), and it goes like this: Every time you get paid, you direct...
Biden’s new border move aims to win over voters — but there’s reason for skepticism
The Biden administration on Tuesday rolled out new executive actions that aim to deny asylum to migrants who illegally enter the U.S. at the southern border — and analysts are already expressing doubts about the move.
Massachusetts securities regulator ‘looking into’ Roaring Kitty’s activities
Influential trader Keith Gill, also known as Roaring Kitty, recently sparked meme-stock rallies that sent shares of GameStop Corp. and AMC Entertainment Holdings Inc. skyrocketing. But his trading activities have also caught the attention of the commonwealth of...
GBPUSD Surges to Fresh 2-Month High
GBPUSD advances to its highest level since March 13 But the advance starts to look overstretched Momentum indicators approach overbought conditions GBPUSD has been in a steady recovery following its bounce off the 2024 bottom of 1.2298, with the price violating both...
NBA, NHL voice concerns over reorganization
A Bally Sports display is shown in the eighth inning of the game between the Houston Astros and Minnesota Twins at Target Field in Minneapolis, Minnesota, April 9, 2023.David Berding | Getty Images Sport | Getty ImagesThe NBA and NHL are concerned over Diamond Sports'...
LA County Sheriff’s Deputy Discusses Tackling Crypto Crimes on Podcast
In a recent episode of the Public Key podcast, Tony Moore, a Deputy Sheriff with the Los Angeles County Sheriff’s Department, shared his insights into tackling cryptocurrency-related crimes. This discussion highlighted the complexities of...
Why oil’s recent drop is not a recession signal — and good news for stocks
The recent decline in oil prices is not a sign that the U.S. economy is heading for a recession — with the downward trend instead considered positive for stocks, according to DataTrek Research.
Biden speaks on new U.S.-Mexico immigration executive order
[The stream is slated to start at 2 p.m. ET. Please refresh the page if you do not see a player above at that time.]President Joe Biden is set to deliver remarks at the White House on Tuesday about his newly signed executive order tightening asylum restrictions at the...
Swiss Franc Edges Higher as Inflation Holds at 1.4%
The Swiss franc is in positive territory on Tuesday. USD/CHF is trading at 0.8935 in the European session, down 0.24% on the day. The Swissie has posted its strongest rally of the year, with gains of 2% since May 29th and is trading at its highest level since March...
Bond yields are falling. This time, it’s not being treated as good news.
“We are back at a point where the Fed might need to help the economy,” one trader says.
Ethereum’s Bull Pennant Needs Confirmation
Market picture The cryptocurrency market loses just over 0.5% in 24 hours, to $2.56 trillion. The moderate pressure is due to another failed attempt by Bitcoin to consolidate above $70K, which is now retreating 0.2%. Ethereum has pulled back 1.8% in the same time...
Galaxy Digital: The Role of Memecoins in the Crypto Economy and Blockchain Ecosystem
Memecoins have solidified their presence as a cornerstone of the crypto economy, despite skepticism regarding their technical innovation and value, according to Galaxy Digital. While some blockchain developers argue that memecoins...
These stock-market risks could rattle summer trade the most
Friday’s jobs report is one of three looming economic and policy updates that could upend a summer calm in the stock market, says UBS.
Attorney General Merrick Garland fires back at House Republicans
U.S. Attorney General Merrick Garland testifies before the House Judiciary Committee in Washington, June 4, 2024.Anna Rose Layden | ReutersAttorney General Merrick Garland on Tuesday hit back at House Republicans threatening to hold him in contempt, calling their...
Max increases prices before House of the Dragon
In this photo illustration, the Warner Bros. Discovery logo is displayed on a smartphone screen.Rafael Henrique | Sopa Images | Lightrocket | Getty ImagesWarner Bros. Discovery's Max announced price increases for its ad-free options on Tuesday, as a range of streamers...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8926 (P) 0.8983; (R1) 0.9016; More…. USD/CHF accelerates to as low as 0.8921 so far today, touching 100% projection of 0.9223 to 0.8987 from 0.9157 at 0.8921. There is no sign of bottoming yet and intraday bias stays on the downside. Break of...
Barclays names Alexander Altmann its Global Head of Equities Tactical Strategies
Barclays today announced the appointment of Alexander Altmann as Managing Director and Global Head of Equities Tactical Strategies. Mr Altmann will be based in New York, reporting to Ronnie Wexler, Global Head of Equities Distribution. In this newly created global...
Industry Leaders Embrace NVIDIA Isaac for AI-Powered Robotics Development
Leading companies in the robotics sector, including BYD Electronics, Siemens, Teradyne Robotics, and Intrinsic, have adopted NVIDIA's Isaac robotics platform for developing AI-powered autonomous machines, according to NVIDIA News....
This Trump-linked company’s stock-sale plan is more than double its market value
Phunware’s stock tumbled Tuesday toward the lowest price seen since January, after the mobile-advertising software company announced a relatively large stock-sale program.
Biden immigration order labor markets and supply chains
President Joe Biden delivers remarks about immigration and border security on February 29, 2024 in Olmito, Texas. Cheney Orr | Getty ImagesPresident Joe Biden's new executive order tightening asylum limits at the U.S.-Mexico border could have the double-edged economic...
Japanese Yen Strengthens Unexpectedly Against US Dollar
The USD/JPY pair unexpectedly declined last night due to a weakening US dollar. Currently, it is hovering around 156.33. Japanese Finance Minister Shunichi Suzuki highlighted the government’s recent interventions to support the yen, significantly impacting the market....
With MDMA on the brink of FDA approval, psychedelic medicine faces a critical moment
A panel of independent advisers to the Food and Drug Administration is meeting Wednesday to discuss the agency’s potential approval of MDMA-assisted therapy for post-traumatic stress disorder, marking a pivotal moment for the booming field of psychedelic medicine.
Databricks is buying data optimization startup Tabular
Ali Ghodsi, co-founder and CEO of Databricks, speaks at the company's Spark and AI Summit in San Francisco in April 2019.DatabricksData analytics software maker Databricks said in a statement on Tuesday that it's acquiring Tabular, a startup that helps optimize data...
Riot Platforms Reports Decline in May Bitcoin (BTC) Production, Expands Hash Rate
Riot Platforms, Inc. (NASDAQ: RIOT), a prominent player in the Bitcoin (BTC) mining industry, has reported a significant decrease in its Bitcoin production for May 2024. According to the company, only 215 BTC were mined, representing a...
Strong growth, lower fiscal deficit may lead to India rating upgrade: Deutsche Bank, ET BFSI
Mumbai: Strong growth and a narrower fiscal deficit can lead to a sovereign rating upgrade for India, a German brokerage said on Monday. The government's commitments on fiscal deficit to 5.1 per cent in FY25 and further down to 4.5 per cent in FY26 "look more credible...
Oil prices decreased for the 5th consecutive session. AI companies support the NASDAQ index :: InvestMacro
By JustMarketsAt Monday’s close, the Dow Jones Index (US30) was down 0.30%, while the S&P 500 Index (US500) added 0.11%. The NASDAQ Technology Index (US100) closed positive 0.56% yesterday. The general market’s gains were limited as economic concerns pressured...
‘Please, please stop filming us’: Chipotle employees rail against being filmed and say it won’t get you bigger portions
“There have been no changes in our portion sizes,” Chipotle’s chief corporate affairs officer said.
WTI Tumbles Below Key Support of 76.50
WTI crude oil collapses, breaks key zone RSI and MACD point to further declines Even if the price rebounds, the bears may recharge A break above 80.90 could shift the outlook to positive WTI crude oil fell sharply yesterday, breaking below the key support (now turned...
India’s Narendra Modi declares victory despite election blow
India's Prime Minister Narendra Modi (C) flashes victory sign as he arrives at the Bharatiya Janata Party (BJP) headquarters to celebrate the party's win in country's general election, in New Delhi on June 4, 2024. Arun Sankar | Afp | Getty ImagesIndian Prime Minister...
E*Trade considering Keith Gill ban on GameStop meme stock manipulation concerns
US business news sources Wall Street Journal (WSJ) and CNBC are reporting than online brokerage E*Trade is considering a ban of meme stock trader Keith Gill, over recent activity in shares of GameStop (NYSE:GME). Keith Gill was at the center of the meme stock craze in...
Women are America’s safety net. Holding society together is wearing them down.
Policy makers and business leaders have shifted financial risks onto American families, and women in particular, according to sociologist Jessica Calarco.
Tata Motors Finance merges with Tata Capital, ET BFSI
The Board of Directors of Tata Motors Limited (TML), Tata Capital Limited (TCL) and Tata Motors Finance Ltd (TMFL) on Tueaday approved the merger of TMFL with TCL through an NCLT scheme of arrangement. As consideration for the merger, TCL will issue its equity shares...
Where and how to watch live vote counting, ET BFSI
All eyes are on the results of the Lok Sabha elections set for Tuesday, featuring numerous high-profile electoral battles. The voting for the 543-member Lok Sabha (with Surat and Indore seats uncontested) was conducted over seven phases from April 19 to June 1.The...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 155.53; (P) 156.50; (R1) 157.06; More…. Intraday bias in USD/JPY stays on the downside at this point. Rebound from 151.86 should have completed with three waves up to 157.70. Fall from there is seen as the third leg of the corrective pattern from...
BNB Chain Enhances MEV Landscape with Proposer-Builder Separation Model
Maximal Extractable Value (MEV) represents the maximum profit extractable by reordering, including, or excluding transactions within a block by miners, validators, or other network participants. According to BNB Chain Blog, understanding...
Job openings in U.S. fall to three-year low as labor market cools
The number of job openings in the U.S. sank to a more than three-year low of 8.1 million in April, another sign the labor market is cooling off as the economy slows.
ThousandEyes launches AI to fix internet outages, teases genAI tool
Surasak Suwanmake | Moment | Getty ImagesCisco's ThousandEyes internet monitoring unit on Monday unveiled new artificial intelligence-powered capabilities it said will allow for much faster prediction and diagnosis of internet outages and disruptions.The company said...
Trump campaign aide, lawyers charged in Wisconsin fake electors case
Kenneth Chesebro speaks to Fulton County Superior Court Judge Scott McAfee during a hearing where Chesebro accepted a plea deal from the Fulton County District Atorney at the Fulton County Courthouse October 20, 2023 in Atlanta, Georgia. Alyssa Pointer | Getty ImagesA...
Sunset Market Commentary – Action Forex
Markets Markets remained stuck in yesterday’s (US) trading mode in absence of important EMU eco data or ECB talk (silent period ahead of Thursday’s meeting). That means a bid for core bonds as the (US) growth part of the equation enters the spotlight. Investors...
Hits 3-week high :: InvestMacro
Sugar ↑ almost 3% month-to-dateRoughly 25% away from 2024 highH1 prices bullish but RSI overboughtTechnical levels – 19.08, 18.90 and 18.50Check this out, FXTM’s new Sugar commodity has just touched a fresh three-week high!After wobbling near multi-week lows, prices...
Most bank frauds are third-party scams on customers: IBA chief, ET BFSI
Mumbai: The chairman of the Indian Banks Association, MV Rao, has said that the threefold increase in bank frauds reported in the RBI's annual reports is largely due to customers being cheated by third parties, not breaches in banking systems. Rao called for increased...
Ford U.S. May sales rise thanks to EVs, hybrids
The Mustang Mach-E on display at the New York International Auto Show on March 28, 2024.Danielle DeVries | CNBCDETROIT – Ford Motor's U.S. new vehicle sales rose 11.2% last month compared to May of last year, boosted by strong sales growth for all-electric and hybrid...
Indian Economy’s metamorphosis post-independence, ET BFSI
~Shrishti SharmaThe tussle between Nyay Patra and Modi ki Guarantee has arrived on its judgement day. However, the outcome has been on a flip-side against what was predicted by the exit polls. As the Parliament is set to induct members of the 18th Lok Sabha, here’s a...
Why does an entry-level job now require three years of experience? Here’s how that hurts workers and companies alike.
“We’re not helping people learn how to get proficient in their jobs,” one Wharton professor says. That could hurt young college grads.
