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Gold Falls from Highs – Action Forex
The price of gold fell to $2370.00 per troy ounce by Thursday following the release of the minutes from the latest US Federal Reserve meeting. The general tone of the Fed’s policymakers was notably cautious, aligning with previous calls for a restrained approach to...
Oil prices attempt to snap 3-day losing streak
Oil futures traded higher early Thursday, attempting to shake off worries about the economic outlook.
India central bank’s record dividend to government may reduce fiscal gap, ET BFSI
By Swati Bhat and Nikunj OhriMUMBAI -The board of India's central bank approved a record surplus transfer of 2.11 trillion rupees ($25.3 billion) to the government for the fiscal year that ended in March, sharply above analysts' and government projections.The...
Argentex expands to Australia with AFSL license
London-headquartered currency risk management and alternative banking specialist Argentex Group plc (LON:AGFX) has announced that it has been granted its Australian Financial Services License (AFSL), a pivotal step in the business’s strategic plan. The license,...
Financial services, IT top on FPI selloff list in May, BFSI News, ET BFSI
Mumbai: Overseas investors were sellers of Indian equities worth ₹27,258 crore across 14 sectors between May 1 and 15, as per NSDL data. Financial services and information technology sectors witnessed the highest selloff in the same period. Foreign investors offloaded...
Bitcoin Prepares for $100K Hike
Market picture The crypto market is quiet, hovering around a total capitalisation of $2.6 trillion for the third day. Bitcoin has so far failed to gain a foothold above $70K, and this is curbing the enthusiasm. It is losing 0.3% in 24 hours against Ethereum’s 0.6%...
Pros and Cons of Hiring Family Members in Your Small Business » Succeed As Your Own Boss
It can be tricky to hire family members in your small business. It can be both rewarding and challenging. Hiring family members can bring a sense of trust, loyalty, and shared vision to your business, fostering a tight-knit team environment. However, it also comes...
Microsoft and Qualcomm team up to make AI the future of the PC
Microsoft’s AI vision is winning over customers and developers, and the tech giant intends to bring the industry along with it.
News Corp., OpenAI strike ‘multi-year partnership’ deal to improve ChatGPT
Sam Altman, CEO of OpenAI, attends the 54th annual meeting of the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024.Denis Balibouse | ReutersOpenAI and News Corp. on Wednesday announced a "multi-year global partnership" that will allow OpenAI to access...
TRAI dials RBI, SEBI & DoT over pesky call issue, BFSI News, ET BFSI
NEW DELHI: A high-level meeting convened by telecom regulator Trai discussed the growing instances of pesky calls and unsolicited messages, to chalk out a solution for countering the menace."Unsolicited commercial communication is a major source of inconvenience to...
How Getting Rest Can Grow Your Business with Alyson Caffrey » Succeed As Your Own Boss
Melinda F. Emerson, “SmallBizLady” is America’s #1 Small Business Expert. She is an internationally renowned keynote speaker on small business development, social selling, and online marketing strategy. As CEO of Quintessence Group, her Philadelphia-based marketing...
Upcoming Pre-Trial Review for Alleged False Trading in Shares of China All Access (Holdings) Limited
The Securities and Futures Commission (SFC) of Hong Kong has recently scheduled a pre-trial review for a case regarding alleged false trading in the shares of China All Access (Holdings) Limited (CAA). The pre-trial review is set to take...
Open Campus Launches First Decentralized Education Node Sale
Open Campus announces Principal Nodes sale for EDU Chain Open Campus, an education protocol backed by Animoca Brands, Sequoia Capital, and Binance, has announced the upcoming sale of Principal Nodes for the EDU Chain. The...
Deutsche Bank issues Euro-Yen-denominated bonds of JPY64.3bn in multi-tranche offering
Deutsche Bank announced today that it has successfully issued Euro-Yen-denominated bonds of 64.3 billion Japanese Yen in a multi-tranche offering. This is Deutsche Bank’s first access to financing in the JPY market in 9 years since 2015, taking into account investor...
Oreos maker Mondelez fined $365 million by EU competition regulator
European Union antitrust authorities fined Oreo maker Mondelez International 337.5 million euros ($365.3 million) for restricting sales of its products among the bloc’s member states.
Nvidia sets 10-for-1 stock split after AI-driven boom in share price
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US, on Tuesday, March 19, 2024. David Paul Morris | Bloomberg | Getty ImagesNvidia announced a 10-for-1 forward stock split...
This big bank now offers interest rate up to 8% on savings account, 8.55% on fixed deposits, ET BFSI
DCB Bank has revised its savings account and fixed deposit interest rates (for amounts below Rs 2 crore). According to the DCB Bank website, the new rates are effective May 22, 2024.The bank is offering the highest FD interest rate of 8% to general customers and 8.55%...
GBP/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 198.20; (P) 198.56; (R1) 198.84; More… Intraday bias in GBP/JPY remains on the upside for the moment. Current rise from 191.34, as the second leg of the corrective pattern from 200.53, should target 100% projection of 191.34 to 180.07 from 195.02 at...
RBI buys 1.5 times more gold in January-April than whole of 2023, ET BFSI
The Reserve Bank of India added 24 tonnes of gold to its stock of reserves in four months from January to April this year as a hedge against volatility amid geopolitical tensions. This is reckoned to be a part of strategic diversification of reserves in challenging...
Wages in the eurozone picked up in the first quarter, ECB says
Negotiated wages edged higher in the eurozone in the first quarter, data that could limit the pace of rate cuts by the European Central Bank, which are expected to start next month.
AI firm Appen loses more executives, months after Alphabet cut ties
Rafael Henrique | Lightrocket | Getty ImagesAppen, the embattled artificial intelligence firm that once helped train AI models for tech giants including Microsoft, Nvidia and Google, has lost its executives in charge of revenue and marketing. Andrew Ettinger, who was...
EUR/USD Fell With Noticeable Acceleration After FOMC Minutes
Markets Above-consensus April inflation figures in the UK triggered an obvious underperformance of gilts, resulting in yield gains between 7.2 (30-yr) and 14.2 bps (2-yr). A June rate cut by the BoE is just short of fully priced out. Steep gilt losses dragged core...
Italy’s CONSOB orders blocking of access to five unauthorised investment websites
Italy’s Companies and Exchange Commission (CONSOB) has issued orders for the blocking of access to five unauthorised investment websites. The websites targeted by CONSOB’s orders are: “Marketsac.eu” (website https://marketsac.eu and related page...
IFSCA sets up expert committee to position Gift-IFSC as global trading hub, ET BFSI
AHMEDABAD: The International Financial Services Centre Authority (IFSCA), on Wednesday announced it has established an expert committee to position the country's first IFSC at Gift City in Gandhinagar, as a ‘Global Trading Hub’. The 21-member committee will be chaired...
Rate easing may have to wait, highlights RBI in its latest bulletin, ET BFSI
Easing of rates by the Reserve Bank of India might still have to wait going by the hawkish tone in an assessment of the economy published by the RBI economists in its latest monthly bulletin.“A modest easing of headline inflation in the reading for April 2024 confirms...
Binance Square Launches New Activity to Unlock Up to 100 USDT in Rewards
Binance Square Introduces New Rewards ActivityAccording to an announcement on Binance's official website, Binance Square has launched a new activity, 'Share to Win', where verified users can unlock over 100 USDT in rewards. The activity...
News Corp. shares climb on OpenAI licensing pact
News Corp. shares traded higher on Thursday after the media conglomerate inked a content deal with artificial-intelligence leader OpenAI.
Alibaba’s Hong Kong shares drop 5% after report of possible $5 billion convertible bond sale
Alibaba is operating in Suqian City, Jiangsu Province, China, on December 29, 2023.Costfoto | Nurphoto | Getty ImagesHong Kong-listed shares of Alibaba fell over 5% Thursday following a report that the Chinese tech giant is considering selling convertible bonds to...
Eurozone PMI composite hits 12-month high at 52.3, pointing to 0.3% GDP growth in Q2
In May, Eurozone’s PMI Manufacturing rose from 45.7 to 47.4, surpassing expectations of 46.6 and marking a 15-month high. PMI Services remained unchanged at 53.3, slightly below the forecast of 53.5. PMI Composite increased from 51.7 to 52.3, reaching a 12-month high....
India central bank’s record dividend to government may reduce fiscal gap, ET BFSI
By Swati Bhat and Nikunj OhriMUMBAI -The board of India's central bank approved a record surplus transfer of 2.11 trillion rupees ($25.3 billion) to the government for the fiscal year that ended in March, sharply above analysts' and government projections.The...
Tory MPs jostle for finance jobs after Sunak calls election
Conservative politicians are strengthening their ties to City firms, priming for potential job opportunities that could open up after the general election as Prime Minister Rishi Sunak reveals the date of the contest.
Artificial general intelligence more than 10 years away: Baidu CEO
Co-founder, CEO and chairman of Baidu, Robin Li attends the Viva Technology show at Parc des Expositions Porte de Versailles on May 22, 2024 in Paris, France. Viva Technology, the biggest tech show in Europe but also in a unique digital format, for 4 days of...
ADMISI implements Integral tech to expand global FX business
Broker technology provider Integral Development Corp has announced that London-based broker ADM Investor Services International Limited (ADMISI) has implemented Integral’s eFX technology, to better serve the needs of their institutional clients. Harpal Sandhu, CEO of...
Rollback in IRA’s EV credits would benefit China, says GM board member
Any significant reduction or a rollback of the Inflation Reduction Act's support for electric vehicles would benefit China, according to General Motors board member Jon McNeill."I think we risk losing the auto manufacturing share to China. We really do, globally,"...
Banking sector is the place to be, don’t be put off by FII selling: Andrew Holland, ET BFSI
Andrew Holland, CEO, Avendus Capital Public Markets Alternate Strategies LLP, says he does not think there is anything wrong with the results season so far. The bank stocks have been victims of FII selling who have been using the banking sector as a very liquid and...
Is USDJPY Still Searching for New Highs?
USDJPY surpasses key resistance, but more steps needed Short-term risk tilted to the upside; 157.00 mark under examination US S&P Global PMIs, initial jobless claims, new home sales on the agenda USDJPY closed Wednesday’s session with modest gains at 156.75 as the...
Ahead of June summit, G7 finance ministers to decide on climate finance for developing nations at May 23-25 meeting, ET BFSI
NEW DELHI: Ahead of the G7 summit next month, the finance ministers of the group of seven rich nations — Canada, France, Germany, Italy, Japan, the UK, and the USA — are expected to make decisions on delivering climate finance for developing countries during their...
Take a peek at Kiefer Sutherland’s charming, low-key L.A. home he just sold for $1.6 million
There’s so much to love about this sweet, low-key, humble home, remodeled but with its original charm preserved.
China’s SMIC is now world’s third-largest chip foundry: Counterpoint
A logo hangs on the building of the Beijing branch of Semiconductor Manufacturing International Corporation (SMIC) on December 4, 2020 in Beijing, China.Vcg | Visual China Group | Getty ImagesChina's largest chipmaker SMIC is now the world's third-largest foundry in...
Render Network Proposes Amendments to RNP-000 and Final Votes for RNP-013 and RNP-015
Render Network Announces Key Changes to RNPAccording to a recent announcement by Render Network, two Render Network Proposals (RNP), RNP-013 and RNP-015, have been submitted for final community vote, while amendments to RNP-000 have been...
RBI’s record Rs 2.11 lakh crore transfer to govt set to bring down interest rates, ET BFSI
The Reserve Bank of India (RBI) has transferred a record surplus of Rs 2.11 lakh crore to the government for the financial year 2023-24, significantly surpassing expectations. This substantial transfer has raised hopes among bond traders that the government might...
Remote Cryptocurrency Jobs: How to Find and Succeed in Them
The impressive growth registered by cryptocurrencies and other digital assets has invited attention to the scope for professional development. As the cryptocurrency market grows bigger, remote cryptocurrency jobs have emerged as one of the top choices for career...
‘I myself was not involved in corrupt practices’
Malaysia's former prime minister Mahathir Mohamad said he and his family members were not involved in any "corrupt practices."Last month, Malaysia's Anti-Corruption Commission said Mahathir was among individuals being investigated over a corruption probe that...
E.l.f. Beauty (ELF) earnings Q4 2024
E.l.f Beauty products.Courtesy: e.l.f BeautyE.l.f. Beauty posted its first billion-dollar fiscal year on Wednesday as sales spiked 77%, but the retailer's shares fell as it said it expects its growth to slow.The eyes, lip, face company, known for its viral marketing...
TradingView adds AMP Futures to brokers available on mobile app
TradingView welcomes AMP Futures, its long-time integrated partner, among those available to trade on the go. A part of AMP Global, AMP Futures is a US-based broker featuring trading platforms for advanced users, particularly futures traders. With a minimum deposit...
Swiggy HDFC Bank Credit Card revised cashback structure effective from June 21, 2024, ET BFSI
HDFC Bank has updated the cashback system of one of its most popular credit cards, the Swiggy HDFC Bank Credit card, according to various news report. This comes at a time when many card issuers have been reducing credit card rewards and advantages. The new cashback...
UK PMI manufacturing rises to 22-month high, services growth slows
UK PMI Manufacturing rose from 49.1 to 51.3 in May, surpassing expectations of 49.2 and reaching a 22-month high. However, PMI Services fell from 55.0 to 52.9, below the anticipated 54.8 and marking a 6-month low. Consequently, PMI Composite dropped from 54.1 to 52.8....
401(k) millionaires surged 43% in the past year — here’s how long it took them to reach $1 million
Becoming a 401(k) millionaire doesn’t happen overnight. Here’s how many years it took, on average.
Big Tech goes on AI charm offensive in Europe as regulators circle
Rafael Henrique | Lightrocket | Getty ImagesPARIS, France — U.S. technology giants this week have talked up the benefits of artificial intelligence for humanity, turning on the charm at one of Europe's largest industry events as regulators globally work to curb the...
Why RBI is stocking up aggressively on gold reserves; central bank buys 1.5 times more gold in Jan-April than entire 2023, ET BFSI
RBI stocks up gold reserves: From January to April 2024, the Reserve Bank of India (RBI) added 24 tonnes of gold to its reserves, a strategic move to hedge against volatility amidst geopolitical tensions. This addition is significantly higher than the 16 tonnes added...
RBI cautions retail investors against dealing in cryptocurrencies; says it’s speculative, gamble, ET BFSI
Private digital currencies, commonly known as cryptocurrency, are currently unregulated in India.The Reserve Bank of India (RBI) yet again urged retail investors to be more cautious while investing in cryptocurrencies, and noted that the crypto ecosystem lacks...
FX option expiries for 23 May 10am New York cut
There aren't any major expiries to take note of for the day. As such, trading sentiment will be a bit of a mix of things in the day ahead. For one, we have PMI data to deal with alongside the US weekly jobless claims. Then, we also have to consider the overall risk...
Nvidia is set to be worth as much as all German stocks put together
Nvidia’s standout first-quarter puts the chipmaker at the forefront of the artificial intelligence revolution to have nearly the same market value as all listed German companies put together.
Nvidia shows no sign of AI slowdown after data center soars over 400%
Nvidia's historic rally is being driven by its data center business, which grew at a whopping 427% in the latest quarter as companies keep snapping up its artificial intelligence processors.Now, Nvidia is signaling to investors that the customers spending billions of...
Warner Bros. Discovery, ESPN strike College Football Playoff deal
ESPN college football broadcast camera on display prior to the All State Sugar Bowl playoff game between the Texas Longhorns and the Washington Huskies on Monday, January 1, 2024 at Caesars Superdome in New Orleans, LA.Nick Tre. Smith | Icon Sportswire | Getty...
Latest news on Russia and the war in Ukraine
Russia detains fourth top defense figure for bribe-taking, media reportsRussia has detained the deputy head of the army's general staff Lieutenant General Vadim Shamarin, on suspicion of large-scale bribe-taking, Russian media reported on Thursday, the latest in a...
Dollar Recovers Post-Hawkish FOMC Minutes, EUR/GBP in Focus
Trading has been relatively quiet in Asian session today. Dollar regained some ground overnight following hawkish minutes from the latest FOMC meeting, which revealed that several members are prepared to support further rate hike if necessary. Despite this, the...
Binance Launches USDT Locked Products Offering an 8.23% Fixed APR
Binance Introduces USDT Locked Products According to a recent announcement by Binance, the world-leading crypto exchange has launched USDT on Locked Products under Binance Simple Earn. This new investment opportunity offers a fixed annual...
Is Oil Back in Buying Territory? :: InvestMacro
Technical Analyst Clive Maund reviews charts in the oil sector to explain why he believes oil might be in buying back territory.With the main fundamental drivers for a higher oil price remaining in play, namely continuing strife in the Mid-East with the ongoing risk...
Maximizing Brand Exposure: How to Effectively Utilize Promotional Products
Maximizing Brand Exposure: How to Effectively Utilize Promotional Products - Small Business Bonfire Home » Branding » Maximizing Brand Exposure: How to Effectively Utilize Promotional...
OKX Announces Postponement of STARL and ANT Margin Trading Pair Delisting
OKX Postpones Delisting of STARL and ANT Margin Trading PairOKX, a leading cryptocurrency exchange, has announced the postponement of the delisting of the STARL and ANT margin trading pair and perpetual futures. The announcement was made...
Mahindra Finance appoints Mahesh Rajaraman as Chief Risk Officer, ET BFSI
The change in CRO at the NBFC came after the company detected fraud in the March quarter at one of its branches in the north-eastern statesNew Delhi: Mahindra & Mahindra Financial Services on Tuesday said it has appointed Mahesh Rajaraman as Chief Risk Officer...
Indian shares up led by financials after cenbank’s record dividend to government, ET BFSI
By Bharath Rajeswaran and Dimpal GulwaniBENGALURU - Indian shares recovered from a muted start on Thursday, helped by a rebound in financials on hopes of improvement in the country's fiscal deficit after the Reserve Bank of India's record dividend to the...
Moderna, CureVac, other vaccine stocks jump after new human bird-flu case reported in Australia
Vaccine-related stocks moved sharply higher Wednesday in the wake of a new human bird-flu case reported in Australia.
Customers say they can’t access funds
Sarinyapinngam | Istock | Getty ImagesA dispute between a fintech startup and its banking partners has ensnared potentially millions of Americans, leaving them without access to their money for nearly two weeks, according to recent court documents.Since last year,...
FIS launches new mobile banking application
FIS (NYSE:FIS) has launched an enhanced version of its flagship mobile banking application for financial institutions. FIS Digital One Flex Mobile 6.0 is tailored for banks seeking to meet evolving customer expectations in the digital era. The application allows...
Dow 1 million? It’ll take awhile — but not as long as you might think
7% average yearly gain pushes the U.S. stock index to 1 million in 48 years.
Target, Walmart, McDonald’s cut prices and offer deals
A "low price" sign hangs from a shelf at a Target store in Miami, Florida, on May 20, 2024.Joe Raedle | Getty ImagesTarget's weak quarterly earnings underscored why it cut prices on thousands of household staples: It's struggling to win over bargain hunters.The...
Cannabis companies continue federal legalization push despite marijuana’s rescheduling
Attorney David Boies argues that moving pot to Schedule III won’t remove the threat of prosecution for state-legal pot companies.
GBP/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 198.20; (P) 198.56; (R1) 198.84; More… GBP/JPY’s rally continues today and intraday bias stays on the upside. Current rise from 191.34, as the second leg of the corrective pattern from 200.53, should target 100% projection of 191.34 to 180.07 from...
Is a Scorching PM Sector Rally Ahead? :: InvestMacro
Technical Analyst Clive Maund explains why he believes a rally in precious metals, specifically gold and silver, may be imminent. The PM sector did exactly as predicted in the article WHEN THE RUBBER HITS THE ROAD – THE SCORCHING PM SECTOR RALLY AHEAD posted on the...
‘Various’ Fed officials said they were willing to hike interest rates if needed, minutes show
“Various participants mentioned a willingness to tighten policy further should risks to inflation materialize in a way that such an action became appropriate,” the minutes said.
Pfizer announces new cost cutting program
Exterior view of the Pfizer headquarters building on January 29, 2023 in New York City. Kena Betancur | Corbis News | Getty ImagesPfizer on Wednesday said it has launched a new multi-year program to reduce costs as it works to rebound from the rapid decline of its...
Bitcoin Waits for Ethereum Story to Develop
Market picture The crypto market cap has stabilised at $2.6 trillion after an impressive surge following the Ethereum rally. Among the top coins over 24 hours, Toncoin is leading the decline, falling 5%, while Dogecoin is leading the way with a 3.4% increase. Bitcoin...
ICE to pay $10M penalty for failing to inform SEC of cyber intrusion
The Securities and Exchange Commission (SEC) today announced that The Intercontinental Exchange, Inc. (ICE) agreed to pay a $10 million penalty to settle charges that it caused the failure of nine wholly-owned subsidiaries, including the New York Stock Exchange, to...
Multipool Launches LBP on Fjord Foundry Raising $200k in 24 Hours – Blockchain News, Opinion, TV and Jobs
Majuro, Marshall Islands, May 22nd, 2024, Chainwire Multipool, a leading innovator in the blockchain and cryptocurrency industry, launched their Fjord Foundry LBP on May 21st, raising $200k in the first 24 hours. Making waves in the crypto industry, Multipool is...
The stock market has already chosen a winner in the 2024 presidential election
‘It’s the stock market, stupid,’ and that’s why the Dow Jones Industrial Average is a surprisingly reliable election predictor.
BP exec’s husband gets prison term for insider trading
Sam Edwards | Getty ImagesThe ex-husband of a former BP mergers and acquisitions manager was sentenced to two years in federal prison for insider trading that netted him $1.76 million after he eavesdropped on her work calls about the oil giant buying another...
New Zealand Dollar Shows Steady Rise
The NZD/USD pair is preparing for a mid-week rally, approaching the 0.6116 level. These current values mark the highest point for the Kiwi in two months, following the Reserve Bank of New Zealand’s decision to maintain its monetary policy structure unchanged during...
Why bond returns could hit double digits in 2025
Bonds would benefit if the Federal Reserve cuts rates more deeply next year than traders currently expect.
The New Zealand Dollar shows a steady rise :: InvestMacro
By RoboForex Analytical DepartmentThe NZD/USD pair is preparing for a mid-week rally, approaching the 0.6116 level. These current values mark the highest point for the Kiwi in two months, following the Reserve Bank of New Zealand’s decision to maintain its monetary...
The Investment Appeal of RCO Finance (RCOF) vs. Solana’s (SOL) Speed and Render’s (RNDR) Creativity – Blockchain News, Opinion, TV and Jobs
As analysts closely monitor the future of crypto titans, learn about RCO Finance (RCOF), a new project appealing to investors seeking to diversify their portfolios. Early investors who discovered Solana (SOL) around its inception are now reaping massive profits from...
Arkham Intelligence Announces Partnership with Ninja Traders
Arkham Intelligence Partners with Ninja TradersArkham Intelligence, a leading provider of onchain data, tooling, and analysis, has announced a strategic partnership with Ninja Traders, Turkey's leading crypto trading group. The...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2689; (P) 1.2708; (R1) 1.2729; More… Intraday bias in GBP/USD remains on the upside for 100% projection of 1.2298 to 1.2633 from 1.2445 at 1.2780. Firm break there will target 1.2892 resistance next. However, break of 1.2685 will minor support...
We the incorrect people: 49% of Americans say stocks are down for the year, 72% say inflation rising
A new poll is offering fresh evidence that the U.S. economy’s strong performance isn’t resonating with many Americans, even as numerous conventional economic indicators are encouraging.
Morgan Stanley’s Gorman says banking industry consolidation is “inevitable”, ET BFSI
NEW YORK, - Morgan Stanley executive chairman James Gorman said on Tuesday consolidation in the U.S. banking industry is "inevitable" as large lenders face competitive pressure to get bigger.Gorman was speaking at a conference at the Federal Reserve Bank of New York....
DeepL, AI rival to Google Translate, hits $2 billion valuation
Deepl CEO Jarek Jaroslaw.DeepLPARIS — DeepL, an artificial intelligence-powered translation platform, said Wednesday it's raised $300 million in fresh funding, in a sign investors are still willing to invest major sums into the AI space. The deal, led by venture...
UK Prime Minister Rishi Sunak calls July 4 general election
Britain's Prime Minister Rishi Sunak leaves Downing Street in London, Britain, May 22, 2024. Hollie Adams | ReutersLONDON - U.K. Prime Minister Rishi Sunak on Wednesday called for a general election to take place on July 4, after economic data showed a fall inflation...
Privacy and Security Updates from Worldcoin in 2024
Worldcoin's Commitment to Privacy, Security, and User Control According to a recent update from Worldcoin, the company has taken a series of demonstrable steps in 2024 to increase transparency, enhance privacy and security, and improve...
Bank of England – Revised BoE Call – Hot Service Inflation Spells Trouble
On the back of continued strong inflationary pressures in the service sector, as evident in the April inflation print, we revise our BoE call. We now expect the first 25bp cut in August (prev. June). We expect quarterly cuts from August and through 2025, leaving the...
I want to retire on a lake. Where should I go?
Retirees who want to live on or close to a lake can look at these locales.
AEGIS Hedging Solutions names Ryan Vaile its Chief Growth Officer
AEGIS Hedging Solutions, a provider of hedging services and software for commodity markets, today announced the appointment of Ryan Vaile to the role of Chief Growth Officer. AEGIS aims to streamline its leadership structure while leveraging Vaile’s extensive...
Nvidia (NVDA) earnings report Q1 2025
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US, on Tuesday, March 19, 2024. David Paul Morris | Bloomberg | Getty ImagesNvidia reports fiscal first-quarter earnings on...
GM Chevy Equinox EV goes on sale
GM's 2024 Chevrolet Equinox EV during a media launch event for the vehicle on May 16, 2024 in Detroit.Michael Wayland / CNBCDETROIT — The Chevrolet Equinox has been a crucial part of General Motors' lineup for two decades. The vehicle is a quintessential family hauler...
City Union Bank MD, ET BFSI
Private sector City Union Bank expects significant growth in the income contributed from the insurance vertical during the current financial year, a top official has said. The Tamil Nadu-based bank was on track to reach pre-Covid level in slippages and recovery, the...
TJX’s stock rises toward a record after earnings, as customers shopped more
TJX’s stock rose toward a record Wednesday after the discount apparel and home fashions retailer beat fiscal first-quarter profit expectations and raised its full-year outlook.
Most Americans falsely think the U.S. is in recession, poll shows
People walk past a homeless man outside the New York Stock Exchange (NYSE) at Wall Street on January 18, 2023 in New York City. Angela Weiss | AFP | Getty ImagesMore than half of Americans think that the United States is in an economic recession, although gross...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0840; (P) 1.0857; (R1) 1.0872; More… EUR/USD dips notably today but stays above 1.0810 resistance turned support. Intraday bias remains neutral and further rally is still in favor. On the upside, break of 1.0894 will resume the rise from 1.0601 to...
The RBNZ maintained its hawkish bias, leaving the interest rate at 5.5%. Inflationary pressures are easing in Canada :: InvestMacro
By JustMarketsAt the end of Tuesday, the Dow Jones Index (US30) was up 0.17%, while the S&P 500 Index (US500) added 0.25%. The NASDAQ Technology Index (US100) closed positive 0.22%. The US stock indices closed moderately higher, consolidating just below last...
Binance Celebrates Bitcoin Pizza Day with $500,000 Prize Pool
Binance, one of the world's leading cryptocurrency exchanges, is celebrating Bitcoin Pizza Day with a special activity for all its users. According to a recent announcement, Binance is offering a slice of a $500,000 prize pool in token...
Who pays for long-term care? A shocking number of people get this wrong.
People are confused and overestimate Medicare’s role in paying for long-term care
HDFC Bank exits Protean eGov Technologies; sells entire stake for Rs 150 crore, ET BFSI
New Delhi: Private sector lender HDFC Bank on Tuesday sold its entire 3.20% stake in Protean eGov Technologies for Rs 150 crore through an open market transaction. According to the bulk deal data available with the BSE, HDFC Bank sold 12,94,326 shares, amounting to a...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.9092; (P) 0.9104; (R1) 0.9122; More…. USD/CHF’s rebound from 0.8987 extends higher today, and intraday bias stays on the upside. Further rally would be seen to 0.9223 resistance. On the downside, below 0.9086 minor support will turn intraday bias...
Target’s stock dives after profit misses, as many Americans have ‘maxed out’
Target’s stock took a dive Wednesday, after the discount retail giant reported fiscal first-quarter profit that missed expectations, amid weakness in sales of discretionary items.
After a big hack, Microsoft is tying top executive pay to cyberthreats
Microsoft has come under fire recently from both the U.S. government and rival companies for its failure to stop a Chinese hack of its systems last summer. One change the tech giant is making in response: linking executive compensation more closely to cybersecurity.In...
Uphold Ascent institutional OTC crypto trading platform integrates with Talos
Web3 financial platform Uphold has announced the integration of its institutional OTC trading platform, Uphold Ascent, with Talos, the premier provider of institutional digital assets trading technology. The integration adds a deep source of liquidity to the Talos...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 155.75; (P) 156.03; (R1) 156.56; More… No change in USD/JPY’s outlook and intraday bias stays neutral. Price actions from 160.20 are seen as a corrective pattern. On the upside, break of 156.78 will resume the rise from 151.86, as the second leg, to...
Guide to Small Business Tax Forms, Schedules, and Resources
If you’re a small business owner, filing taxes can be intimidating. There are tax forms with unique due dates and schedules that you need to file, and it can be overwhelming. Small business owners also need to avoid mistakes that incur penalties and stay on top of...
J&K Bank announces 276 apprentice vacancies, applications open until May 28: Direct link, ET BFSI
The Jammu and Kashmir Bank (J&K Bank) has announced a recruitment drive for Apprentices in various branches and offices across the districts. Eligible candidates can apply online through the official J&K Bank website at jkbank.com. The application process...
VeChain Announces VeBetterDAO Mainnet Launch
VeChain, a leading global entity in the blockchain sector, has announced the mainnet launch of its VeBetterDAO platform. This development follows the successful testnet launch, which saw significant engagement and activity, according to a...
Oil prices on track for 3-day losing streak as U.S. supplies post a weekly climb
Oil futures trade lower for a third straight day as investors await official data on U.S. crude and product inventories.
Are Overnight Camps Tax Deductible?
Summertime can be relaxing, but if you have kids on summer break, you might also struggle with how to keep them entertained and engaged while you work or are busy with the day-to-day events of life. That’s when you realize there are a lot of summer camps offered....
Sunset Market Commentary – Action Forex
Markets April UK inflation figures set the tone from the start of trading. The Bank of England, with a leading role for chair Bailey, hyped the number way in advance as coming a long way in the direction of the 2% inflation target. That was because of the anticipated...
Dow tops 40,000 as stock indexes continue to cross milestones − making many investors feel wealthier :: InvestMacro
By Alexander Kurov, West Virginia University The Dow Jones Industrial Average topped 40,000 for the first time on May 16, 2024. It spent the next few hours hovering around that mark, occasionally dipping under. But the breakthrough, even if fleeting, nonetheless marks...
Vivek Ramaswamy bought a bunch of BuzzFeed stock, to spark a big rally
BuzzFeed’s stock soared on heavy volume Wednesday, after the Vivek Ramaswamy, a former presidential candidate, disclosed that he took a large equity stake in the digital news service.
City Union Bank MD, ET BFSI
Private sector City Union Bank expects significant growth in the income contributed from the insurance vertical during the current financial year, a top official has said. The Tamil Nadu-based bank was on track to reach pre-Covid level in slippages and recovery, the...
Krishna Rao Appointed as New CFO of Anthropic
Anthropic, an AI safety and research company, has announced the appointment of Krishna Rao as its new Chief Financial Officer (CFO). The announcement was made on May 21, 2024, according to a press release on the company's official...
Existing home sales slip in April
Homes in the Issaquah Highlands area of Issaquah, Washington, US, on Tuesday, April 16, 2024. David Ryder | Bloomberg | Getty ImagesSales of previously owned homes fell 1.9% in April from March to 4.14 million units, on a seasonally adjusted annualized basis,...
UK Inflation Distanced the Expected Rate Cut
Inflation in the UK exceeded forecasts, making traders and investors cautious about the prospects for policy easing in the coming months. Consumer prices rose by 0.3% m/m vs. 0.2% expected. Annual inflation slowed to 2.3% last month from 3.2% in March. This is the...
Robert F. Kennedy Jr. invests $24,000 in GameStop in apparent play for ape vote
Is this the 2024 presidential election’s “Pokémon Go to the polls” moment or something bigger?
Uniswap Labs Ready to Fight SEC Allegations
Uniswap Labs Responds to SEC Notice Uniswap Labs, the creator of the Uniswap protocol, has publicly responded to the Wells notice it received from the U.S. Securities and Exchange Commission (SEC) last month. The company has expressed its...
NinjaTrader adds Ryan Pitylak, Aditya Nishandar, John O’Neil, Michael Krafft to exec team
NinjaTrader, a fintech platform for retail futures trading, today announced the addition of four experienced executives to its leadership team. This expansion highlight’s the company’s commitment to enhancing its platform amid the increasing interest in futures...
Gold, silver retreat from record levels amid profit taking, ET BFSI
New Delhi, Gold and silver prices retreated from record highs in the national capital on Tuesday, with the yellow metal plunging by Rs 550 per 10 grams due to profit-taking and weak global trends. According to HDFC Securities, gold prices were impacted by hawkish...
GBP/USD Shrugs as UK Inflation Higher Than Expected
The British pound edged higher earlier today but has pared most of those gains. GBP/USD is trading at 1.2703, up 0.06% early in the North American session. UK inflation declines less than expected UK inflation fell sharply in April, falling to 2.3% y/y. This was down...
Just 9 days account for all the stock market’s 2024 gains. Here’s what they have in common.
Nearly 100 trading days into 2024, just nine days account for all the S&P 500’s year-to-date gains — and then some. Two themes are key drivers, a top Wall Street analyst says.
Pickleball courts boom to keep pace with rapid expansion
People play pickleball at Central Park on April 8, 2023 in New York City. Wang Fan | China News Service | Getty ImagesAmerica's fastest-growing sport is also rapidly growing its footprint.Over the past seven years, the number of outdoor public park pickleball courts...
Meet the leaders of the Trump era’s new conservative economic populism
(L-R) J.D. Vance, a Republican candidate for U.S. Senate in Ohio, and Sen. Josh Hawley (R-MO) speak with reporters at a campaign rally on May 1, 2022 in Cuyahoga Falls, Ohio.Drew Angerer | Getty ImagesThis reported column is Part Two of Eamon Javers' two-part series...
What is wind shear? An atmospheric scientist explains how it can tear down hurricanes :: InvestMacro
Weather forecasters talk about wind shear a lot during hurricane season, but what exactly is it?I teach meteorology at Georgia Tech, in a part of the country that pays close attention to the Atlantic hurricane season. Here’s a quick look at one of the key forces that...
Williams-Sonoma’s stock heads for record after profit crushes estimates
Williams-Sonoma Inc.’s stock WSM rose 8% early Wednesday and was headed for a fresh record, after the upscale home goods retailer crushed profit estimates for the first quarter while revenue also came in ahead of consensus.
Sterling Up as BoE June Cut Hopes Diminish; But Dollar and Kiwi Outshine
Sterling climbed broadly today after data showed that UK disinflation progress was slower than anticipated, with services inflation remaining persistently high. This development dashed hopes for an imminent rate cut by BoE, causing the odds of a rate cut in June to...
Operational Security Pillars for Blockchain Apps: A Guide
With the rise in digital assets, security breaches, and hacking incidents, operational security has become a critical concern for businesses in the blockchain space. According to a blog post by Fireblocks, there are four primary...
Bank of Baroda shares drop 0.43% as Sensex rises , ET BFSI
Shares of the Bank of Baroda traded at Rs 264.3 on BSE at 12:01PM (IST) on Wednesday, down 0.43 per cent. The stock quoted a 52-week low price of Rs 179.35 and a high of Rs 285.5. Earlier in the day, the stock saw a gap up opening. At the prevailing price, the stock...
Charles Schwab’s mobile app ‘sucks,’ says Robinhood’s chief brokerage officer
Rival brokerage Robinhood says it has seen an influx of new customers since TD Ameritrade users were transitioned to Charles Schwab.
Amazon plans to give Alexa an AI overhaul, monthly subscription price
Amazon is upgrading its decade-old Alexa voice assistant with generative artificial intelligence and plans to charge a monthly subscription fee to offset the cost of the technology, according to people with knowledge of Amazon's plans. The Seattle-based tech and...
Bundesbank sees German economy gradually gaining momentum in Q2
In its monthly report, Bundesbank indicated that Germany’s economic output is “likely to increase slightly again” in Q2. The general trend suggests that the economy is gradually “picking up speed,” with positive impulses expected from private consumption and a...
Devexperts DXtrade platform upgrade includes multi-currency accounts support
Leading multi-asset trading platform developer Devexperts has announced that its key offering, DXtrade XT, will be releasing a significant new version with several important enhancements. The DXtrade XT platform will now support trading in assets denominated in...
India’s mcap crosses $5tn for 1st time, $1tn added in 6 mths, ET BFSI
MUMBAI: For the first time, the total market value of all listed companies in India rose above the $5-trillion mark in intraday trades on Tuesday. At close of the day's trade, however, it settled just a tad below the milestone. Tuesday's feat made India the fifth...
Biogen to acquire privately held Human Immunology Biosciences for $1.15 billion upfront
Biogen Inc. said Wednesday it’s acquiring privately held Human Immunology Biosciences for $1.15 billion upfront and up to $650 million in potential milestone payments in a move aimed at bolstering its immunology portfolio.
EigenDA Unveils Dual Quorum and Supports Production Traffic
EigenDA Supports Rollup Production Traffic on MainnetAccording to a recent blog post by EigenLayer Blog, EigenDA is now supporting rollup production traffic on its mainnet. The platform is allowing anyone to deploy their rollup and get...
New Zealand Dollar Climbs after Hawkish RBNZ Announcement
The New Zealand dollar has pushed higher on Wednesday. NZD/USD is up 0.54%, trading at 0.6124 in the European session at the time of writing. The New Zealand dollar rose as high as 0.6152 (0.80%) in the Asian session after the RBNZ meeting but has pared much of these...
RBI approves transfer of Rs 2.11 trillion as surplus to Union government, ET BFSI
In a board meeting, the Reserve Bank of India (RBI) has approved the transfer of Rs 2.11 trillion ($25.35 billion) as surplus to the Union government for the fiscal year ended March.“The Board has approved the transfer of Rs 2,10,874 crore as surplus to the Central...
ETF D-Day looms :: InvestMacro
Ethereum ↑ over 20% this weekCrypto could rally another 35,000 pointsPrices bullish on D1 but RSI overboughtKey level of interest at $3806.49 & $40000Ethereum is back in the spotlight after soaring over 20% this week.The world’s second-largest cryptocurrency by...
Women live longer than men, but there’s a ‘dark side’
“Ageless Aging” looks at the importance of women’s diet, exercise, sleep and social connections
Peugeot pilots Vay’s remote-driving tech to power delivery
The Peugeot e-3008 electric car on display during a presentation at the Stellantis car factory in Sochaux, France.Arnaud Finistre | AFP via Getty ImagesPARIS, France — French car giant Peugeot told CNBC this week that it's partnering with Vay, a German mobility...
J&K Bank announces 276 apprentice vacancies, applications open until May 28: Direct link, ET BFSI
The Jammu and Kashmir Bank (J&K Bank) has announced a recruitment drive for Apprentices in various branches and offices across the districts. Eligible candidates can apply online through the official J&K Bank website at jkbank.com. The application process...
GBP/USD: Cable Hits Two-Month High After Inflation Data
Cable rose to two-month high (1.2761) on Wednesday, after UK inflation data for April showed that prices pressure eased below expectations, hurting bets for BoE’s June rate cut. Fresh acceleration higher generates initial signal of bullish continuation after the price...
Binance to Remove Certain Margin Trading Pairs
Binance Announces Removal of Margin Trading PairsRenowned cryptocurrency exchange, Binance, has announced plans to delist several margin trading pairs on its platform, according to a recent announcement on its official website. The...
Lululemon’s stock falls 4.4% after yoga-gear maker says its chief product officer is leaving
Lululemon’s stock was set to open lower Wednesday, after the company announced the departure of its chief product officer and said it would overhaul its product and brand teams.
Glassnode Introduces Breakdown Metrics to Identify Local Bottoms in Bull Market
Glassnode Launches 28 New MetricsOn-chain market intelligence provider, Glassnode, has released a suite of 28 new metrics aimed at providing a more granular view of the digital asset market, according to a recent blog post. These metrics...
Buy now, pay later firms must comply with U.S. credit card laws
Rohit Chopra, director of the CFPB, testifies during a House Financial Services Committee hearing on June 14, 2023.Tom Williams | Cq-roll Call, Inc. | Getty ImagesThe Consumer Financial Protection Bureau declared on Wednesday that customers of the burgeoning buy now,...
Santander joins Eurex for listed FX business
Santander Asset Management has started expanding its FX futures business to Eurex, supported by Banco Santander as Clearing Member and Deutsche Bank as liquidity provider. This move of Santander Asset Management underlines the trend towards listed FX business. More...
Nvidia’s Stock Price Has Doubled Since the Beginning of this Year
Federal Reserve’s (Fed) Christopher Waller gave a C+ to the latest US inflation data, saying that it’s ‘far from failing but it’s not stellar’. Equity investors, however, continue giving the US stock indices a big, fat A+ on robust earnings, yes, but also on hope that...
Nifty stuck between 22,400-22,600. What should traders do on Wednesday, ET BFSI
Nifty on Tuesday ended 27 points higher to form a small positive candle on the daily chart while consolidating in a range between 22,400-22,600 levels.The index continues to hold above the 20 and 50-day SMA, which is a positive signal. The 14-day RSI at 56.38 is...
Margarita Howard, CEO of HX5, Shares Her Top Tips for Women Entrepreneurs
Margarita Howard, CEO of HX5, Shares Her Top Tips for Women Entrepreneurs - Small Business Bonfire Home » Business Growth » Margarita Howard, CEO of HX5, Shares Her Top Tips for Women...
Will RBI’s dividend, surplus payment to govt top Rs 1 lakh crore this year?, ET BFSI
The government is also likely to raise the target for surplus transfers from the Reserve Bank of India (RBI) and dividends from public sector banks and financial institutions in addition to increasing the target for dividend receipts. The Interim Budget had projected...
RFK Jr. says he invested $24,000 in GameStop after meme stock revival
Independent U.S. presidential candidate Robert F. Kennedy Jr. hikes in the Santa Monica Mountains in Los Angeles on March 18, 2024.Mike Blake | ReutersRobert F. Kennedy Jr., the third-party challenger to President Joe Biden and former President Donald Trump in the...
The SEC’s T+1 settlement rule will transform stock trading: Here’s what you need to know.
The new settlement rule will affect most security trades, but how will it affect investors?
AI will power the stock market for the next decade: former Cisco CEO
John Chambers, CEO of Cisco, at the 2015 CGI Annual Meeting in New York.Adam Jeffery | CNBC Artificial intelligence will power the stock market for the next decade, former Cisco CEO John Chambers told CNBC on Wednesday.Chambers, who is also the founder and CEO of JC2...
Sterling Soars Once Again in the Wake of Consensus-Beating CPI
Markets US Treasury and German yields both ended a fairly quiet trading day a few basis points lower. Fed’s Waller in a second speech yesterday said that he’d consider a rate cut at the end of the year (December) if the data warranted it. He added that policy was...
Tradition announces voting result regarding dividend
Compagnie Financière Tradition SA announces that the Annual General Meeting held on May 21, 2024 at 3.30 pm approved the dividend proposal of the Board of Directors published in the Swiss Official Gazette of Commerce on April 25, 2024. The dividend consists of a cash...
‘He’s planning to bleed me dry’: My husband turned into a monster after we married. I own a $1.3 million home. How do I save myself and my finances?
“I am planning my escape after five long years, feeling foolish for staying in this marriage for so long.”
India on cusp of long-awaited economic take-off, says RBI article, ET BFSI
The Reserve Bank of India has said that there is optimism about India's economic take-off globally and recent indicators point to a rising demand."There is a growing optimism that India is on the cusp of a long-awaited economic take-off. Recent indicators are pointing...
Moneyboxx Finance reports increase in Q4 net profit, BFSI News, ET BFSI
New Delhi, Moneyboxx Finance, an NBFC providing small business loans to micro entrepreneurs, on Tuesday reported multi-fold increase in net profit to Rs 4.12 crore for the March quarter. The company had reported a profit of Rs 0.42 crore in the year-ago period....
Binance Introduces New Limited-Time Offers to Boost Crypto Earnings
Binance Launches New Offers to Boost EarningsAccording to a recent announcement by Binance, the leading cryptocurrency exchange has introduced new limited-time offers on its Binance Earn platform. The offers will be launched every...
Fani Willis and judge presiding over Trump election interference case defeat challengers in election
Fulton County District Attorney Fani Willis speaks to the media after a grand jury brought back indictments against former President Donald Trump and 18 of his allies in their attempt to overturn the state's 2020 election results, in Atlanta, Georgia, Aug. 14,...
NZDUSD Posts New 2-Month High
NZDUSD starts the day with strong upside momentum after RBNZ decision MACD and RSI tick higher NZDUSD had an aggressive bullish start at the beginning of the day, following the bounce off the 0.6080 support level and creating a spike towards a fresh two-month high of...
Cybercriminals’ New Trick to Swindle Citizens with ED Threats, ET BFSI
AHMEDABAD: The Enforcement Directorate is in the news almost every day, conducting a series of raids and seizing assets worth crores of rupees, and cybercrooks seem to have noted this. The Cybercrime police have uncovered several cases where Amdavadis were intimidated...
‘Is he trying to launder money?’ I loaned a friend $30,000. Now he wants to pay me back using an offshore account.
“Am I asking for trouble?”
Sebi amends rule to facilitate ease of doing biz for cos planning IPOs, ET BFSI
Mumbai: The Securities and Exchange Board of India (Sebi) has allowed non-promoter shareholders to contribute towards the shortfall in minimum promoters’ contribution in an initial public offering (IPO) without being identified as a promoter.Rules mandate at least 20%...
Interactive Brokers joins Cboe Europe Derivatives as new trading participant
Cboe Europe Derivatives (CEDX), Cboe’s pan-European equity derivatives marketplace, today announced that Interactive Brokers has successfully joined the exchange as a participant and will provide its clients with access to CEDX’s range of equity index derivatives and...
Slow spending by govt may prompt more cash infusion into banking system: Sources, ET BFSI
The government, meanwhile, has seen strong tax revenue due to a buoyant economy.Spending by India's federal government is likely to remain slower for a few more months, which may prompt more steps to infuse cash into the banking system, two sources familiar with the...
A Citi trader intending to sell $58 million of shares ended up selling $1.4 billion. Now the bank has been fined.
Trading incidents including one where Citigroup executed $1.4 billion of sell orders when intending to sell $58 million of shares led British regulators on Tuesday to fine the bank over trading controls.
Market Analysis: GBP/USD Climbs Steadily While EUR/GBP Struggles
GBP/USD is gaining pace above the 1.2640 resistance. EUR/GBP declined steadily below the 0.8565 and 0.8550 support levels. Important Takeaways for GBP/USD and EUR/GBP Analysis Today The British Pound is attempting a fresh increase above 1.2700. There is a key bullish...
OKX Ventures Backs Monad Labs to Accelerate Web3 and Decentralized Computing Innovation
OKX Ventures invests in Monad Labs to spur Web3 and decentralized computing innovationOKX Ventures, the investment arm of leading crypto exchange and Web3 technology company OKX, has announced its strategic investment in Monad Labs. The...
RBI may delay plan to ease interest rates, ET BFSI
Mumbai: The Reserve Bank of India (RBI) will likely push back the decision to begin easing policy rates as the latest inflation print suggests the potential alignment of the keenly monitored price index with the mandated target for the central bank is back-ended. "A...
Crypto Wallet Security – A Comprehensive Guide
The cryptocurrency industry is evolving at an impressive pace with the integration of new utilities in cryptocurrencies. Everyone who wants to begin trading in cryptocurrencies is likely to choose third-party wallets or crypto wallets. The growing popularity of...
Trump campaign starts taking cryptocurrency donations
Former US President Donald Trump speaks during a campaign event at the Waukesha Expo Center in Waukesha, Wisconsin, US, on Wednesday, May 1, 2024. Daniel Steinle | Bloomberg | Getty ImagesThe Trump campaign announced Tuesday it will start accepting cryptocurrency...
Govt eyes $12 billion bonanza from RBI, BFSI News, ET BFSI
India’s central bank is expected to pay up to one trillion rupees ($12 billion) as dividend to the federal government, economists said, a move that would boost New Delhi’s coffers and help meet its budget deficit target.The Reserve Bank of India’s central bank of...
German regulator warns against Pepperstone clone
Germany’s Federal Financial Supervisory Authority (BaFin) warns consumers about the website pepperstone.vip. According to information available to BaFin, financial and investment services are being provided on this website without the required authorisation. BaFin...
Hedge funds cut stakes in Magnificent Seven to invest in broader AI boom
Money managers invested in utility companies, chip makers, and technology firms that could benefit from the growth of the AI sector, Goldman Sachs analysis shows
Honor will have Google AI features on its upcoming smartphones
Honor already has a number of smartphones on the market that fold like a book, such as the Magic V2 that was launched in July 2023 shown here. The Chinese tech company is now preparing to launch a vertical-folding style smartphone, its CEO George Zhao told CNBC at the...
Sebi proposes tweaking rules for buybacks, merchant bankers, BFSI News, ET BFSI
New Delhi, To facilitate ease of doing business, capital markets regulator Sebi on Tuesday proposed tweaking norms governing buyback of shares, merchant bankers and bankers to an issue. The proposals are based on recommendations given by a committee chaired by Sebi's...
GBPUSD Renews Positive Momentum Within Channel
GBPUSD strengthens to a two-month high within bullish channel Short-term bias looks positive, but buying appetite might lose pace UK S&P Global PMIs and BoE member Pill on the agenda on Wednesday Following a short period of consolidation around the 1.2700 level,...
Citing lack of stability, RBI cautions retail investors against investing in cryptocurrencies, ET BFSI
RBI yet again urged retail investors to be more cautious while investing in cryptocurrencies, and noted that the crypto ecosystem lacks accountability and stability and is marked by regulatory ambiguity.RBI, in its monthly bulletin released Tuesday, asserted that...
McDonald’s franchisee group cheers $5 value meal, pushes for more
An employee hands an order to a customer through a drive-thru window at a McDonald's restaurant in Oakland, California, on April 9, 2020.David Paul Morris | Bloomberg | Getty ImagesAn independent advocacy group of McDonald's franchisees is weighing in on the company's...
‘Once a cheater, always a cheater’: I’m the beneficiary on my ex-husband’s $250,000 life insurance. He’s now threatening to change it. Is he in breach of our divorce decree?
“I’m 50 years of age and only have $45,000 saved.”
Latest news on Russia and the war in Ukraine
Russia's tactical nuclear weapons drills meant to send a warning to the WestThe timing of Russian non-strategic nuclear weapons drills that began on Tuesday is not accidental and will certainly be watched closely by Ukraine and the West.The exercises come at a time...
NZD Spikes on Hawkish RBNZ Decision, Focus Shifts to UK Inflation Data
New Zealand Dollar surged sharply higher following RBNZ’s unexpectedly hawkish rate decision. While OCR was left unchanged, the central bank signaled the increased possibility of another rate hike this year and delayed projected timing of the first rate cut to the...
Naver Pay Joins Forces with Chiliz to Enhance Fan Engagement and Power Global Expansion
Naver Pay and Chiliz Enter into Strategic Partnership South Korean digital payment service, Naver Pay, has announced a strategic partnership with Chiliz, a leading sports and entertainment blockchain company. The collaboration aims to...
FCA fines Citigroup Global Markets Limited £27.7M for failures in its trading systems and controls
The UK Financial Conduct Authority (FCA) has fined Citigroup Global Markets Limited (CGML) £27,766,200. Failures in the firm’s systems and controls led to US$1.4bn of equities being sold in European markets when they should not have been. On 2 May 2022, a CGML trader...
What Is the Inheritance Tax? 6 States That Have It & How to Avoid It
While it’s certainly not easy to discuss estate planning, learning how to establish a trust and getting your affairs in order before death can make things much easier for both yourself and the loved ones you’ll leave behind. That includes knowing if your state...
Results of People’s Bank of China RMB Bills Tender Released by HKMA
HKMA Announces Tender Results of People's Bank of China RMB Bills The Hong Kong Monetary Authority (HKMA) has announced the results of the tenders for the RMB Bills issued by the People's Bank of China (PBoC) held on 22 May 2024,...
IREDA mulls FPO to raise funds to meet future capital requirement, future lending, ET BFSI
New Delhi, State-owned non-banking finance firm Indian Renewable Energy Development Agency (IREDA) is mulling follow-on public offer (FPO) as well as perpetual debt to meet its future capital requirements and onward lending for renewables. The Rs 2,150 crore initial...
India Inc raises record debt capital in FY24, BFSI News, ET BFSI
India Inc has raised more debt capital in FY24 from both local and overseas investors than what they did in the preceding fiscal, supported by increasing appetite for investing in Indian companies.Bond issuances during 2023-24 grew by about 15% to Rs 8.6 lakh crore as...
Checked Out at Work | YNAB
This post is adapted from YNAB's twice-monthly newsletter, Loose Change. One of the challenges of being a parent is trying to operate with split attention: you want to be present for your kids but also dinner’s behind schedule… and is the homework done? You’ve...
Demand momentum in India rising, rural spending picking pace, says RBI, ET BFSI
By Swati BhatMUMBAI, - Aggregate demand momentum in India is rising, with the overall non-food spending being pushed up by green shoots in rural spending recovery, the Reserve Bank of India said in its monthly bulletin on Tuesday."Recent indicators are pointing to a...
PrimeXBT to democratise financial markets with total revamp and upgraded product offering – Blockchain News, Opinion, TV and Jobs
Majuro, Marshall Islands, May 22nd, 2024, Chainwire Leading Cryptocurrency broker, PrimeXBT, has just launched a total revamp of its brand, website, and all-in-one platforms, as part of its vision to “democratise the financial markets” and “make investing available to...
FX option expiries for 22 May 10am New York cut
There aren't any major expiries to take note of for the day.As such, trading sentiment will continue to be driven by the recent market mood. And that means we might be in for another duller session overall, with traders mostly waiting on the Fed minutes later today...
Crypto bulls think ether ETF approval could send prices to new highs — and make way for more funds
It seems more likely that a spot ether exchange-traded fund could arrive as early as this week amid a sudden change of stance by the U.S. Securities and Exchange Commission.
DocuSign CEO says wants to stay public after PE takeover speculation
The DocuSign website is seen on a laptop in Dobbs Ferry, New York, April 1, 2021.Tiffany Hagler-Geard | Bloomberg | Getty ImagesContract management platform DocuSign is committed to remaining a public company and is working to convince investors of its artificial...
Target (TGT) Q1 2024 earnings
A customer shops at a Target store in Miami, Florida, on May 20, 2024.Joe Raedle | Getty ImagesTarget will report its fiscal first-quarter earnings on Wednesday, just days after it said it would cut prices on thousands of groceries and everyday items.The...
USDCAD’s Upturn Still Lackluster – Action Forex
USDCAD pivots gently higher but still constrained between trendlines A decisive bounce above 1.3745 needed for fresh buying Canadian CPI scheduled for release at 12:30 GMT; Fed speakers on the agenda too USDCAD has been tip-toeing higher since its downward pattern...
Oil prices settle lower as traders fret over the outlook for demand
Oil futures finished lower Tuesday to notch back-to-back session losses, with traders concerned about the outlook for crude demand as the Federal Reserve maintains higher interest rates.
Bank of Maharashtra tops PSBs in biz and deposit mobilisation growth in FY24, ET BFSI
Bank of Maharashtra has emerged as the best performer among public sector banks in the last fiscal year, boasting the highest growth rates in both total business and deposit mobilisation. According to published financial data, the Pune-based lender recorded a...
Is the Time for WTI Crude Oil to Create Bearish Correction?
Fed’s cautious stance drives WTI crude oil lower Commodity capped by bearish cross and 80.00 level in daily chart Prices consolidate in 4-hour timeframe Oil prices continued to decrease on Tuesday due to the cautious stance of Fed officials despite the recent...
Uranium ETF soars to 10-year high on rising demand and Russia import ban
Exchange-traded funds that track uranium-related stocks have skyrocketed this year, with prices for the heavy metal widely used for nuclear-power generation hovering around its highest level in 16 years, buoyed by tight supplies and expectations for rising demand.
Gold loan market going strong despite regulatory action, BFSI News, ET BFSI
Various financial entities, including banks, non-banking financial companies (NBFCs), dedicated gold loan firms, and fintech companies, are eyeing the gold loan market opportunity.Data from the Reserve Bank of India (RBI) revealed a 15% growth in the gold loan market...
Scarlett Johansson’s fight with OpenAI isn’t the star’s first legal battle over artificial intelligence
Last year, Johansson’s lawyers went after an AI firm for using her image without permission — an early salvo between artists and the emerging technology.
Canada’s CPI falls to 2.7% in Apr, matches expectations
Canada’s CPI slowed from 2.9% yoy to 2.7% yoy in April, matched expectations. Ex-gasoline, CPI slowed from 2.8% yoy to 2.5% yoy. Gasoline prices accelerated from 4.5% yoy to 6.1% yoy. Food prices slowed from 1.9% yoy to 1.4% yoy. On a monthly basis CPI rose 0.5% mom,...
Trump ally Doug Burgum in business with oil giant
Republican presidential candidate and former president Donald Trump shakes hands with North Dakota Gov. Doug Burgum and Vivek Ramaswamy, left, at a campaign rally at the The Margate Resort in Laconia, NH on Monday, January 22, 2024.Jabin Botsford | The Washington Post...
Here’s what the U.S. government is doing to help lower gasoline prices
Gasoline prices at the pump are little changed from a year ago, but the Biden administration on Tuesday said it’s taking action to help lower prices at the pump for the summer.
USD/CAD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.3602; (P) 1.3618; (R1) 1.3641; More… USD/CAD recovered notably today but stays below 1.3689 resistance. Intraday bias stays neutral first. Strong bounce from current level will confirm support by 55 D EMA (now at 1.3628). Break of 1.3689 minor...
Modi, BFSI News, ET BFSI
Mumbai: PM Narendra Modi said on Monday that record profits made by banks in FY24 would increase availability of credit to the poor, farmers, and MSMEs, hailing the turnaround of financial entities, which were facing a burden of bad loans some years ago.Posting a link...
Where U.S. rents are rising
Driven by the new work-from-home dynamic as well as by new migration patterns, rent prices were red-hot during the first years of the pandemic for both single-family and multifamily homes.Now different drivers are pushing some rents higher — and throwing cold water on...
Don’t get swept away by ‘S&P 500 envy’ as stocks shatter records and bonds lag
Here’s how to remind yourself that diversification still matters in the long run
Uniswap fights back against SEC as the ethereum crackdown continues
For years, the Securities and Exchange Commission has been cracking down on the crypto sector writ large, but in the last few months, the agency appears to have trained its sights on ethereum, in particular. Some of the biggest names in decentralized finance are now...
Saxo’s Global Sales and SXO to merge into single entity named Group Commercial
Online trading and investment specialist Saxo Bank has announced the merger of its Global Sales and Saxo Experience Office (SXO) into a single entity named Group Commercial. This strategic move is designed to enhance cross-collaboration, simplify operations, and...
Canada: Inflation Cools Further in April
Headline CPI inflation edged lower in April to 2.7% year-on-year (y/y), matching expectations. The broad-based deceleration was led by food prices, services and durable goods. However, higher prices at the pump in April worked against the cooling in inflation....
Biden takes credit for Target grocery price cuts
U.S. President Joe Biden delivers remarks on lowering costs for American families during a visit to Goffstown, New Hampshire, U.S., March 11, 2024.Kevin Lamarque | ReutersPresident Joe Biden took a victory lap after Target announced it was lowering prices on groceries...
An In-depth Look at Crypto Mining Pools
According to an article by Chainalysis, the rise of crypto mining pools has significantly changed the landscape of cryptocurrency mining. These pools allow individual miners to combine their resources and efforts, maximizing their rewards...
The crypto Congress: momentum builds for ‘most significant’ digital asset law in history
Crypto industry insiders are becoming more optimistic that new legislation that would sideline the U.S. Securities and Exchange Commission will get strong bipartisan support in a vote this week, and potentially even become law before the end of the year.
Banks to RBI, ET BFSI
Mumbai: Banks will have only a 'limited ability' to pass on the impact of the proposed increase in project loan provisions due to the intense competition among lenders and the pressure to maintain relationships with large corporates. Officials from some of the large...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 155.75; (P) 156.03; (R1) 156.56; More… Outlook in USD/JPY is unchanged and intraday bias stays neutral. Price actions from 160.20 are seen as a corrective pattern. On the upside, break of 156.78 will resume the rise from 151.86, as the second leg,...
SIX, KSD to cooperate in area of securities depository and settlement
SIX, through its SIX SIS subsidiary, has signed a Memorandum of Understanding (MOU) with Korea Securities Depository (KSD) for cooperation in the area of securities depository and settlement. The signing ceremony took place today in Zurich, Switzerland. Based on the...
Trump’s tariffs would cost U.S. families $1,700 a year, think tank says
Presumptive Republican presidential nominee Donald Trump’s proposed tariffs would “cost a typical household in the middle of the income distribution about $1,700 in increased taxes each year,” the Peterson Institute for International Economics, a nonpartisan think...
Multipool Partners with BSO Enabling Ultra-fast Low Latency Trading – Blockchain News, Opinion, TV and Jobs
Majuro, Marshall Islands, May 21st, 2024, Chainwire Multipool, a leading innovator in the blockchain and cryptocurrency industry, announces corporate partnership with industry-leading global connectivity provider BSO, enabling ultra-fast low latency trading on...
FSIB to interview candidates for SBI Chairman post on Tuesday, ET BFSI
FSIB, the headhunter for directors of state-owned banks and financial institutions, is scheduled to interview eligible candidates for the post of SBI chairman on Tuesday, sources said. Financial Services Institutions Bureau (FSIB) will interview the eligible MDs of...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.9087; (P) 0.9098; (R1) 0.9118; More…. Intraday bias in USD/CHF stays mildly on the upside at this point. Corrective fall from 0.9223 might have completed with three waves down to 0.8987 already. Further rally should be seen back to retest 0.9223....
Ethereum ETF Approval Boosts Ether’s Value; SEC Signals Positive Stance
The likelihood of Ethereum ETF approval has increased as the SEC signals a more positive stance towards spot Ether ETFs, causing Ether's value to surge. Ether reached as high as $3832.50. Bloomberg analysts revising the approval probability from 25% to 75% due to...
Trump’s “unified Reich” video controversy is a win for Truth Social
Donald Trump mints free publicity. And for a startup, especially a “social media” startup, publicity like this is worth more than gold.
Google is letting retailers include 3D images in AI-generated ads
Alphabet CEO Sundar Pichai during the Google I/O developers conference in Mountain View, California, on May 10, 2023.David Paul Morris | Bloomberg | Getty ImagesGoogle announced Tuesday that it will be giving advertisers the ability to create immersive visuals in...
Famous Crypto Expert Reveals Top 4 Altcoins That Can 100x Any Portfolio – Blockchain News, Opinion, TV and Jobs
A crypto expert has revealed Polkadot (DOT), Polygon (MATIC), Litecoin (LTC), and ETFSwap (ETFS) are altcoins that can deliver 100x returns A renowned crypto expert has exclusively revealed his top 4 altcoins that he believes possess the capacity to deliver up to 100x...
State Street Global Advisors launches SPDR Portfolio Treasury ETF
State Street Global Advisors, the asset management business of State Street Corporation (NYSE:STT), today announced the launch of the SPDR Portfolio Treasury ETF (SPTB). SPTB further enhances SPDR’s Portfolio ETF suite by providing low-cost exposure to US Treasury...
Eli Lilly’s stock on pace for record close as Crohn’s disease trial hits the mark
Eli Lilly shares were on pace for a record closing high Tuesday after the drugmaker released data from a late-stage Crohn’s disease trial and struck a deal to develop new cancer-targeting medicines.
Disney’s Pixar lays off 14% of workforce
A bicyclist rides past the entrance to the Pixar Animation Studios headquarters in Emeryville, California, U.S.Bloomberg | Getty ImagesLong-expected layoffs are hitting Pixar Animation Studios today.Pixar will lay off about 175 employees, or around 14% of the studio's...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2687; (P) 1.2707; (R1) 1.2725; More… Intraday bias in GBP/USD remains on the upside at this point. Rise from 1.2298 would target 100% projection of 1.2298 to 1.2633 from 1.2445 at 1.2780. On the downside, below 1.2642 minor support will turn...
Traditional financial services catch the super app bug, ET BFSI
If the likes of Amazon Pay, PhonePe and Paytm tried to go the super app way in the first fintech wave, traditional financial services are taking a stab at it now.Businesses like Aditya Birla Capital, Angel One and Muthoot Fincorp are building one-stop applications for...
The First Step Towards Releasing the Ultimate ZK DeFi Suite – Blockchain News, Opinion, TV and Jobs
Zug, Switzerland, May 21st, 2024, Chainwire Cardinal Cryptography, core developer of the zero-knowledge, privacy-focused blockchain Aleph Zero, announced today the launch of Common Automated Market Maker (AMM), the first mainnet release of a novel DeFi platform,...
Hits fresh 11-year high above $32 :: InvestMacro
Silver ↑ 33% year-to-dateOne of the best-performing major commoditiesRelatively “cheap” compared to goldBullish on D1 but RSI overbought Gold is not the only metal delivering glittering returns this year…Silver has also been on a tear, soaring to its highest level in...
Bond king Jeffrey Gundlach still sees a U.S. recession coming. Here’s when.
Jeffrey Gundlach, chief executive of investment-management company DoubleLine Capital, is continuing to hold on to a view that he’s had since at least late last year — that the world’s largest economy will likely experience a recession.
Cronos (CRO) zkEVM Testnet Successfully Upgrades to ‘Tethys’
Cronos zkEVM Testnet Upgrades to Tethys According to a recent newsletter, Cronos (CRO) zkEVM Testnet has successfully upgraded to its latest major release, 'Tethys'. This represents a significant milestone ahead of the much-anticipated...
Sunset Market Commentary – Action Forex
Markets: Trading was again confined to rather tight ranges today. US yields created some breathing space end last week compared to important support levels (4.7% area US 2-y yield, 4.3/37% area 10-y yield), but for now follow-through gains look rather difficult. Eco...
Trump Media stock falls after posting quarterly loss
Aytac Unal/ | Anadolu | Getty ImagesShares of Trump Media fell more than 10% on Tuesday, a day after the Truth Social app owner reported a net loss of $327.6 million on just $770,500 in revenue in the first quarter of 2024.Trump Media, whose majority shareholder is...
SBI, ICICI Bank, Axis Bank, PNB, AU Small Finance Bank warn customers about banking frauds; different scams, ways to safeguard yourself, ET BFSI
As more individuals turn to digital banking, fraudsters continuously devise new tactics to deceive them. Instances of banking-related scams have been increasing, prompting numerous banks, such as the State Bank of India (SBI), to caution their customers about these...
Target, Aldi cut prices on staples like chicken, diapers and pet food as shoppers rack up grocery debt
‘Consumers are feeling pressured,’ a Target executive said, while Walmart also lowered prices
How Will Eurozone PMIs Impact ECB Expectations?
Eurozone economy has been improving in 2024 But investors still anticipate an ECB rate cut in June The flash PMIs could impact bets beyond that meeting The data comes out on Thursday at 08:00 GMT ECB signals confidence in lowering rates At their latest gathering, ECB...
Stripe introduces new payments and financing tools to accelerate UK business growth
Stripe, a financial infrastructure platform for businesses, today launched new payments tools and financing options in the UK that aim to improve access to capital and accelerate the growth of hundreds of thousands of UK businesses. The new product features include...
Wendy’s will offer $3 breakfast meal deal after McDonald’s value meal
An exterior view of a Wendy's fast-food restaurant in Bloomsburg, Pennsylvania, on May 19, 2024.Paul Weaver | SOPA Images | Getty ImagesWendy's will offer a $3 breakfast combination meal starting Monday, as restaurant chains look for new ways to drive sales while...
The six most surprising things that happened at Trump’s hush-money trial
With the conclusion of testimony, it was David Pecker, Stormy Daniels and Michael Cohen who provided fireworks as Trump seethed in the courtroom
Fireblocks Provides Enterprise-Grade Custody Solutions to Gunzilla Games
In a groundbreaking partnership, Fireblocks, a leader in digital asset security, is providing enterprise-grade custody solutions to Gunzilla Games, according to a recent post on the Fireblocks website. Revolutionizing In-Game Digital...
Motilal Oswal Financial Services hires 455 people, BFSI News, ET BFSI
MOFSL currently employs over 10,000 employeesMotilal Oswal Financial Services Limited (MOFSL) on Monday announced the hiring of 455 candidates in its recently completed annual Mega Recruitment Drive 2024.This year's mega recruitment drive has registered a year on year...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0846; (P) 1.0865; (R1) 1.0877; More… EUR/USD is still bounded in consolidations below 1.0894 and intraday bias stays neutral. Further rally is expected as long as 1.0810 resistance turned support holds. Break of 1.0894 will resume the rise to...
Manta Network Enhances Ecosystem with $vMANTA Staking Token
Manta Network Bolsters Ecosystem with $vMANTA Staking TokenAccording to a recent announcement by Manta Network, users can now utilize the $vMANTA staking token across the Manta Pacific Ecosystem to explore new projects and maximize their...
XPeng’s stock soars after EV maker’s sales beat by widest margin in 2 years
XPeng’s stock powered higher Tuesday, after the China-based electric vehicle maker reported first-quarter results that beat expectations by wide margins, fueled by higher deliveries and cost-cutting.
Nvidia is talk of town at AI events before fiscal Q1 2025 earnings
Nvidia founder and CEO Jensen Huang displays products on-stage during the annual Nvidia GTC Artificial Intelligence Conference at SAP Center in San Jose, California, on March 18, 2024.Josh Edelson | Afp | Getty ImagesAt the start of last week, OpenAI's technology...
Today, traders are focused on Canadian inflation data and waiting for the RBNZ interest rate decision :: InvestMacro
By JustMarketsAt Monday’s close, the Dow Jones Index (US30) was down 0.49%, while the S&P 500 Index (US500) was up 0.09%. The NASDAQ Technology Index (US100) closed positive 0.65% and set a new all-time high. A negative factor for the indices was the strengthening...
JPMorgan stock is too expensive
Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled Annual Oversight of Wall Street Firms, in the Hart Building on Dec. 6, 2023.Tom Williams | Cq-roll Call, Inc. | Getty ImagesJamie Dimon thinks...
Fed’s Waller: Several months of data needed before supporting rate cuts
Fed Governor Christopher Waller emphasized in a speech today that “several more months” of favorable inflation data are necessary before he would consider supporting interest rate cuts. While the latest CPI data was a “reassuring signal” indicating that inflation is...
Why Palo Alto Networks’ earnings report missed the mark once again
“Apparently, our assumption that management had reset expectations after last quarter in order to return to a beat-and-raise cadence was incorrect,” an analyst wrote.
Amazon, Meta back Scale AI in $1 billion funding deal
Scale AI CEO Alex Wang, left.Scale AIArtificial intelligence startup Scale AI said Tuesday that it has raised $1 billion in a Series F funding round that values the enterprise tech company at $13.8 billion — almost double its last reported valuation. The San...
Chandra Shekhar Ghosh explains Bandhan Bank’s extra provisioning, opex issues and sees credit cost @1.5-1.8% next FY, ET BFSI
Chandra Shekhar Ghosh, MD & CEO, Bandhan Bank, says last financial year the bank had opened 300 branches and for that recruited 2,000 people. That cost is showing in the book but they had not given the full business of last year. Their business will be forwarded...
Bitcoin Market Experiences a Cool Down, Large Move Expected
Bitcoin Market Settling Down According to a recent report by Glassnode, Bitcoin markets have experienced a cool down after several months of intense distribution pressure. This comes after a significant period of distribution into the...
Short seller alleges misleading investors
Oddity Il MakiageCoutesy: OddityA short seller on Tuesday alleged that beauty and wellness company Oddity Tech has been misleading investors and isn't the online-only retailer it's claimed to be. The firm, Ningi Research, published a 50-page report that details a slew...
SEC charges Key Investment Services with violations of Regulation BI
The Securities and Exchange Commission (SEC) today announced settled charges against Ohio-based dually-registered broker-dealer and investment adviser Key Investment Services, LLC for its failure to address conflicts of interest in compliance with Regulation Best...
Fed’s Waller needs ‘several more months’ of good inflation data before backing rate cut
“In the absence of a significant weakening in the labor market, I need to see several more months of good inflation data before I would be comfortable supporting an easing in the stance of monetary policy,” Waller said Tuesday.
World’s first major law for artificial intelligence gets final EU green light
Mr.cole_photographer | Moment | Getty ImagesEuropean Union member states on Tuesday agreed the world's first major law for regulating artificial intelligence, as institutions around the world race to introduce curbs for the technology.The EU Council said that it...
CAD Sinks after CPI, NZD Await RBNZ
Canadian Dollar sees a broad decline in early US session due to growing speculation about rate cut by BoC in the near future. April’s headline CPI slowed as expected, despite a significant increase in gasoline prices. Core inflation measures also showed more progress...
Check status, GMP, listing date and other details, ET BFSI
After a strong response for the IPO, Virat Kohli-backed Go Digit Insurance is likely to finalise the share allotment on Tuesday. The issue was booked nearly 10 times at close on strong interest from retail and institutional buyers. Investors can check the status of...
Robinhood introduces lower margin rates in bid to wow advanced traders
Robinhood announces new margin rates.
Tech giants pledge AI safety commitments — including a ‘kill switch’
A slew of major tech companies including Microsoft, Amazon, and OpenAI, on Tuesday agreed to a landmark international agreement on artificial intelligence safety at the Seoul AI Safety Summit.The agreement will see companies from countries including the U.S., China,...
Nestle to launch Vital Pursuit frozen food for GLP-1 users
Vital Pursuit's Garlic Herb Grilled Chicken BowlSource: Nestle North AmericaNestle is launching a new frozen-food brand, Vital Pursuit, aimed at the growing market of consumers who are using GLP-1 drugs like Ozempic and Wegovy.Over the last year, the buzzy weight loss...
NZD/USD Steady Ahead of RBNZ Rate Announcement
The New Zealand dollar is almost unchanged on Tuesday. NZD/USD is down 0.06%, trading at 0.6102 in the European session at the time of writing. RBNZ expected to maintain cash rate The Reserve Bank of New Zealand has shown it can be patient, having held the cash rate...
Euro/Dollar in consolidation :: InvestMacro
By RoboForex Analytical DepartmentThe EUR/USD pair is gently declining towards 1.0858 on Tuesday but remains within a medium-term range.This week sees few significant US statistics releases, which could provide investors with insights into future interest rate...
Trump trial resumes in porn star hush money case
Witness Robert Costello is scolded by Justice Juan Merchan, who momentarily cleared the courtroom during former U.S. President Donald Trump's criminal trial on charges that he falsified business records to conceal money paid to silence porn star Stormy Daniels in...
OKX Announces Delisting of Certain Simple Earn Products
OKX to Delist Certain Simple Earn ProductsAccording to an official update from the crypto exchange OKX, some of the Simple Earn products will be delisted on May 21, 2024. The affected products include the crypto terms MINA, NYM, and LHINU...
No tax exemption on concessional or interest free loan from the employer, not even for bank employees, says SC, ET BFSI
Employees who receive a loan at a concessional interest rate from their employer are required to pay income tax. This practice is most common in banks, making bank employees the most affected group due to this rule. However, the All India Bank Officers Confederation...
One way to combat housing affordability and loneliness: Matching senior citizens and students. ‘Intergenerational living is not some new crazy idea’
Many older adults have room to spare — and many young adults need a place to live.
Mahindra Finance appoints Mahesh Rajaraman as CRO, BFSI News, ET BFSI
New Delhi, Mahindra & Mahindra Financial Services on Tuesday said it has appointed Mahesh Rajaraman as Chief Risk Officer (CRO) of the company with effect from August 1, 2024. In a regulatory filing, Mahindra Finance said Mallika Mittal has tendered her...
Family offices become prime targets for cyber hacks and ransomware
A computer with a "system hacked" alert due to a cyber attack on a computer network.Teera Konakan | Moment | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and...
IMF recommends BoE cut rates by 50-75 bps in 2024
IMF issued a report today suggesting that with UK inflation currently 2% above its neutral rate estimate, BoE should consider moving towards monetary easing. IMF highlighted the risks of “delayed easing”, cautioning that while BoE emphasizes the need to wait for...
CME Group launches repo on corporate bonds and MBS on BrokerTec Quote
International derivatives marketplace CME Group today announced that it will continue its expansion into the fixed income markets by launching repo on corporate bonds and mortgage-backed securities (MBS) on BrokerTec Quote, its dealer-to-client (D2C) request-for-quote...
Macy’s stock climbs after sales fell again, but beat expectations
Macy’s stock rose Tuesday, after the department store chain reported fiscal first-quarter results that fell from a year ago but that beat expectations, and nudged up its full-year outlook.
Supreme Court’s Alito sold AB InBev, bought Coors
United States Supreme Court Associate Justice Samuel Alito poses for an official portrait at the East Conference Room of the Supreme Court building on October 7, 2022 in Washington, DC. Alex Wong | Getty ImagesSupreme Court Justice Samuel Alito sold shares of beer...
10 Work from Home Essentials
Have a mental imagery of the kind of office you want to build, inside your home. Well, if this is becoming a difficult task then you probably need a list of 10 work-from-home essentials. This list should help you create a better work environment and enhance your...
Fed Rate Expectations Whipsawed by Fed Speakers and US CPI
It has been a rollercoaster period for Fed rate cut expectations Sticky US inflation is keeping the market on its toes Numerous Fed speakers this week; market sensitive to hawkish comments Dollar’s 2024 gains dented despite divergent monetary policy outlooks The year...
Macy’s (M) Q1 2024 earnings
The Macy's company logo is seen at the Macy's store on Herald Square on January 19, 2024 in New York City. Macy's department-store chain announced that they will be laying off roughly 2,350 employees which is about 3.5% of their workforce. The company says that it...
Go First’s creditors to auction pledged 94-acre land parcel in Thane, ET BFSI
Creditors of Go First Airlines are set to auction a prime 94-acre land parcel kept as collateral with them in Thane near Mumbai.The creditors have set around INR 1,960 crore as the reserve price for the property and a formal auction process is likely to start...
FSIB defers interview for SBI chairman’s position, BFSI News, ET BFSI
FSIB -- the headhunter for directors of state-owned banks and financial institutions -- in an unexpected move has deferred the scheduled interview to select a suitable candidate for the post of SBI chairman. The last-minute postponement comes hours before the...
GameStop and AMC pare back gains as dust settles from Roaring Kitty-fueled meme-stock frenzy
GameStop Corp. and AMC Entertainment Holdings Inc. pared back Monday’s gains in premarket trades Tuesday as the dust continued to settle from last week’s meme-stock frenzy.
Bitget appoints Gracy Chen as CEO
Bitget, a cryptocurrency exchange and Web 3 company, today announces the appointment of Gracy Chen as its new Chief Executive Officer (CEO). She succeeds Sandra Lou, who will be leaving the platform to pursue her own business goals. Ms Chen has over 10 years of...
Bitfinex Updates Mobile App with New Features and Optimisations
Bitfinex Releases Version 6.19.0 of Its Mobile App According to a recent blog post on Bitfinex's official website, the well-known cryptocurrency exchange has released a new update for its mobile application. Version 6.19.0 introduces a...
Trump Republicans shift GOP approach to labor, free markets and regulation
Republican presidential candidate and former U.S. President Donald Trump shouts during a campaign event in Freeland, Michigan, U.S. May 1, 2024. Brendan Mcdermid | ReutersThis reported column is Part One of Eamon Javers' two-part series on the new, conservative...
GBP/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 197.76; (P) 198.21; (R1) 199.01; More… Intraday bias in GBP/JPY remains on the upside. Current rise from 191.34, as the second leg of the corrective pattern from 200.53, should target 100% projection of 191.34 to 180.07 from 195.02 at 200.75. On the...
Odey Asset Management closed in a crisis. Two of its former funds are now top performers.
The two funds managed by James Hanbury were transferred to Lancaster Investment Management after Odey Asset Management closed, on the back of sexual assault allegations against its founder, in 2023
Peloton shares plunge after refinancing
A pedestrian walks by a Peloton store in Palo Alto, California, on May 8, 2024.Justin Sullivan | Getty ImagesPeloton shares plunged on Monday after the connected fitness company said it is launching a "global refinancing," as it looks to stave off a cash crunch amid...
NFRA imposes Rs 2.5 crore fine on two auditors in Reliance Commercial Finance case, ET BFSI
The National Financial Reporting Authority (NFRA) has slapped penalties totalling Rs 2.5 crore on two auditors for professional misconduct and auditing lapses in the Reliance Commercial Finance case for FY2018-19. The audit regulator imposed a fine of Rs 2 crore on...
Surge in personal loans by NBFCs & Fintechs, most are poor quality borrowers: Report, ET BFSI
There has been an unprecedented rise in unsecured lending as more and more fintech companies and NBFCS are acquiring new to credit customers, and customers — mostly millennials and genz are opting for small ticket size loans. However, many of these newly acquired...
Binance Announces New Learn & Earn Opportunity with CKB and PORTAL Rewards
Binance Introduces New Learn & Earn Opportunity Binance, a leading cryptocurrency exchange platform, has announced a new segment in their 'Hodl & Earn' promotion series. The latest addition, called 'Binance Learn & Earn',...
JPMorgan is the last bear on Wall Street. It’s not budging.
Marko Kolanovic is not about to turn bullish on stocks, even after a bunch of his colleagues have started upping their S&P 500 targets.
Exclusive: Former Saxo Bank Markets head Claus Nielsen named Chair of neobroker Pluto
FNG Exclusive… FNG has learned that longtime Saxo Bank senior executive Claus Nielsen has become Chairperson of the Board at Copenhagen based neobroker startup Pluto. Claus Nielsen served as Head of Markets at Retail FX and CFDs broker Saxo Bank for 15 years, from...
Number of Central Bank Speakers Increases
Markets Markets took a slow start to the new trading week. An empty eco calendar facilitated the status quo. Cleveland Fed Mester said that inflation risks moved up in Q1 while the economy was a little bit stronger than anticipated. Given that she wasn’t on the median...
How Does it Feel to Get A Month Ahead?
Way back in 2014, I sunk a whopping 40.5 hours into an indie video game called “Papers, Please.” Have you heard of it? You play as a customs agent in a fictional Soviet Union-esque country. Every day, you work your way through a line of grumpy travelers, looking for...
Lowe’s (LOW) Q1 2024 earnings
A shopping cart sits in front of a Lowe's store in Pacoima, California, November 21, 2023.Justin Sullivan | Getty ImagesLowe's topped Wall Street's quarterly earnings and revenue expectations on Tuesday, even as do-it-youself customers bought fewer pricey items.The...
Iran begins days of funeral rites for Ebrahim Raisi after crash
People attend funeral ceremony, held for Iranian President Ebrahim Raisi and his senior officials died in a helicopter crash, in Tabriz, Iran on May 21, 2024. Anadolu | Anadolu | Getty ImagesThousands of mourners descended on Tabriz on Tuesday for a funeral ceremony...
Clarification likely on GST on NBFC co-lending, BFSI News, ET BFSI
New Delhi: The government has assured non-banking financial companies (NBFCS) that it will examine the concerns around levy of goods and services tax (GST) on their co-lending arrangements with banks. A clarification could be issued after the issue is looked into,...
‘Is he trying to bamboozle me?’ My husband wants a divorce after 20 years. He offered his $275,000 401(k) in exchange for our $275,000 house.
“I used my 401(k) for life expenses because doctors found a parasite behind my husband’s eye.”
Commodity Currencies Retreat from Local Highs
Despite the cooling labour market in the US and declining inflation, the American currency continues to move towards new highs. For instance, the USD/JPY currency pair might update the current month’s high at 156.70, the NZD/USD sharply declines after retesting...
Alpha Group launches Alpha Match
Alpha Group International plc (LON:ALPH) today announced the launch of Alpha Match. Alpha Match is Alpha’s digital debt intermediary service. It aims to disrupt the fund finance industry with its impartial database of more than 290 lenders – making the process of...
Everything You Need to Know About Linea Network and its DeFi Voyage
Need to Know About Linea Network and its DeFi VoyageThe blockchain ecosystem is growing rapidly, with new use cases and applications emerging every day. However, the scalability and cost issues of the Ethereum network pose significant challenges to the adoption and...
Yellen says U.S. wants to diversify, not decouple, from China
Treasury Secretary Janet Yellen said the U.S. is trying to diversify but not decouple from China, a week after a series of new tariffs were introduced.
Scarlett Johansson says OpenAI ripped off her voice
Actor Scarlett Johansson says OpenAI CEO Sam Altman used a voice similar to hers for its artificial intelligence voice software despite declining his invitation for its use.The response comes after OpenAI said it would pull its ChatGPT AI voice dubbed "Sky", which...
Trump Media (DJT) Q1 2024 earnings
This photo illustration shows an image of former President Donald Trump reflected in a phone screen that is displaying the Truth Social app, in Washington, DC, on February 21, 2022.Stefani Reynolds | AFP | Getty ImagesTrump Media & Technology Group, the parent...
Gold Price Reaches Historic High
According to confirmed information, Iranian President Ebrahim Raisi, considered a potential successor to the country’s supreme leader, Ayatollah Ali Khamenei, died in a helicopter crash in a mountainous area near the border with Azerbaijan. The helicopter also carried...
Where to invest for higher returns?, ET BFSI
Around six debt mutual funds have outperformed against the return offered on fixed deposits for a tenure of one year. These six categories offered returns ranging between 6.81% - 7.46% in the last one year against the interest rate of 6.8% offered by SBI on fixed...
What is the Salary of an AI Prompt Engineer?
Artificial intelligence is a powerful catalyst for transformative changes in the world of technology. It has been one of the most prominent technologies that have captured the curiosity of millions of people worldwide. The biggest boost for AI adoption in recent times...
ASML machines can be disabled if China attacks Taiwan, report says
A published report says sophisticated ASML microchip making equipment being used by Taiwan Semiconductor could be remotely disabled in the event that China attacks Taiwan to regain control of what it says is part of its country.
Ether extends its rally following 20% surge on renewed ETF optimism
Omar Marques | Lightrocket | Getty ImagesCryptocurrencies rose Tuesday amid a late surge in optimism around the U.S. Securities and Exchange Commission's decisions on spot ether exchange-traded funds applications, the first of which is due this week.Ether led the...
Exclusive: Euroclear’s Taskize sees Head of Sales Alan Samuel depart
FNG Exclusive… FNG has learned that the senior management changes at London based post-trade solutions provider Taskize are continuing following the recent departure of Taskize CEO Philip Slavin, with the company’s Head of Sales Alan Samuel also leaving the company....
Heat waves, monsoon will offer RBI some food for thought, BFSI News, ET BFSI
Intense heat waves are not just making daily life inconvenient but also affecting various sectors of the economy. The upcoming monsoon season too will be crucial for the economy. Weather is becoming a permanent factor in the calculations of the Reserve Bank of India...
Eurozone goods exports down -9.2% yoy in Mar, imports down -12.0% yoy
Eurozone goods exports fell -9.2% yoy to EUR 245.5B in March. Goods imports fell -12.0% yoy to EUR 221.3B. Trade balance recorded EUR 24.1B surplus. Intra-Eurozone trade fell -12.4% yoy to EUR 222.1B. In seasonally adjusted term, goods exports rose 0.1% mom to EUR...
Unicorn minting slows down in India, IPOs become attractive: Report, ET BFSI
A recent report by Blume Ventures highlighted that unicorn minting has almost come to a halt in India while the IPO market is booming. Approximately 10 unicorns got minted in 2018, 7 in 2019, 12 in 2020, a whopping 45 in 2021, about 22 in 2022, and significantly less...
GSK says late-stage trials of potential blockbuster asthma drug met their goals
GSK on Tuesday said two late-stage trials of an asthma drug that could have peak sales of more than £3 billion ($3.8 billion) met their goals.
Apple looks to boost sales in China with hefty discounts amid sales festival
An advertisement for the Huawei Pura70 mobile phone is being seen in front of the Apple Store on the pedestrian street of Nanjing Road in Shanghai, China, on May 15, 2024.Nurphoto | Nurphoto | Getty ImagesApple is offering hefty discounts on iPhones in China in a bid...
Linea Launches Surge to Boost Network Liquidity, StationX Emerges as Key Player
Linea has launched Linea Surge, a multi-part initiative designed to boost liquidity and total value locked (TVL) on Linea's layer 2 (L2) blockchain network, according to linea.mirror.xyz. The Surge introduces a new token, LXP-L, which...
Why alarm bells over F&O trading by retail investors?, BFSI News, ET BFSI
FM Nirmala Sitharaman and CEA V Anantha Nageswaran recently flagged the growing risk of futures & options (F&O) trading for retail traders. Why are policymakers cautioning retail investors on F&O, also called derivatives trading? Here is an...
Donald Trump outraises President Joe Biden in April
Former U.S. President and Republican presidential candidate Donald Trump holds a rally in advance of the New Hampshire presidential primary election in Rochester, New Hampshire, U.S., January 21, 2024. Mike Segar | ReutersFormer President Donald Trump outraised...
FinMin may raise FY25 CPSE dividend target in full budget, BFSI News, ET BFSI
New Delhi, The finance ministry is likely to raise the CPSE dividend estimates by Rs 5,000 crore to around Rs 53,000 crore for the current fiscal in the full budget to be presented in July. In the interim budget 2024-25, the government had pegged dividend estimates...
Japan, Singapore renew Bilateral Swap Arrangement
The Bank of Japan, acting as agent for the Minister of Finance of Japan, and the Monetary Authority of Singapore renewed the existing Bilateral Swap Arrangement (BSA) between the two countries. The BSA enables the authorities in Japan and Singapore to swap their local...
EURJPY Shows Appetite for Retesting 40-Year High
EURJPY holds well above uptrend line RSI stands near 70 level Next target at multi-year peak EURJPY is rallying sharply higher after the strong bounce off the 164.00 support level and the medium-term ascending trend line. The pair is heading towards the previous...
AstraZeneca kicks off ‘new era of growth’ with aim to hit $80 billion of sales by 2030
The Anglo-Swedish pharmaceutical company’s CEO Pascal Soriot said the announcement marks the start of a “new era of growth”
Samsung Electronics names new semiconductor chief as AI chip race heats up
Samsung is the world's biggest maker of memory chips.Jakub Porzycki | Nurphoto | Getty ImagesSamsung Electronics named a new head for its semiconductor business on Tuesday, as the firm strives to lead the AI chip race.Young Hyun Jun will replace Kyehyun Kyung, who...
BitTorrent’s Weekly Progress Report Highlights: Key Developments and Statistics
BitTorrent Reports on Weekly Developments and User StatisticsBitTorrent Inc., a leading consumer software company based in San Francisco, has shared its weekly report, revealing key developments and statistics. The company, founded in...
IFSC regulator looking to allow NBFCs operate as risk aggregators, ET BFSI
Mumbai: At a time when trade in offshore interest rate derivatives in Gujarat International Finance Tec-City (GIFT City) is gaining momentum, the International Financial Services Centres Authority is working on a proposal to let non-bank financial players set up shop...
Banks to RBI, ET BFSI
Representative ImageMUMBAI: Banks will have only a 'limited ability' to pass on the impact of the proposed increase in project loan provisions due to the intense competition among lenders and the pressure to maintain relationships with large corporates. Officials from...
Tata Motors partners with Bajaj Finance for supply chain finance solutions, ET BFSI
Saha added that this collaboration will benefit dealers and also contribute to enhancing the growth of the automotive industry in India.On Monday, Tata Motors announced that its passenger vehicles and passenger electric mobility subsidiaries have partnered with Bajaj...
FX option expiries for 21 May 10am New York cut
There are a couple to take note of, as highlighted in bold.The first one is for EUR/USD at the 1.0840 level. It isn't one that is too technically significant but could hold price action from slipping much lower at least in the session ahead. That being said, we are...
What killed Red Lobster? Endless shrimp was just one factor, says its new CEO.
Red Lobster’s new CEO pins the blame for the company’s bankruptcy on a host of factors
Tesla Fremont factory suffers another fire, investigation underway
An aerial view of the Tesla Fremont Factory on April 24, 2024 in Fremont, California. Justin Sullivan | Getty ImagesA fire broke out at Tesla's vehicle assembly plant in Fremont, California on Monday afternoon, according to a statement from the Fremont Fire...
Latest news on Russia and the war in Ukraine
Russia experiencing labor shortages as war demands manpowerRussia is currently experiencing a labor shortage in no small part due to the war in Ukraine, with some sectors experiencing significant problems recruiting workers, the British Ministry of Defense said...
Aussie and Yen Decline, Loonie Awaits Crucial CPI Data
Australian Dollar weakened broadly during Asian session as its recent rally lost momentum. Despite RBA minutes revealing that a rate hike was considered earlier this month, which should have been supportive for the Aussie, this positive sentiment was countered by weak...
LayerZero’s ZRO Token Now Tradeable on BitMEX with 2x Leverage
BitMEX Lists LayerZero's ZRO Token with 2x LeverageBitMEX, the prominent cryptocurrency exchange, has listed LayerZero's upcoming token, ZRO, for trading. This new addition to the platform is now available with up to 2x leverage,...
Beaches and Brews at Delaware’s Dogfish Inn
For a laid back beach getaway just steps from the Delaware Bay, the Dogfish Inn in the heart of charming and historic Lewes, Delaware, is the perfect destination. This boutique hotel offers everything you could want for a relaxing coastal escape: ☑ Proximity to the...
FINRA imposes $115k fine on Creand Securities for alleged rule violations
Creand Securities has agreed to pay a fine of $115,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). From October 2019 to February 2020, Creand failed to accurately calculate its required customer reserve on five separate...
Biden’s White House is courting CEOs while bashing corporate greed
U.S. President Joe Biden departs the White House in Washington, U.S., for a campaign fundraiser in California, May 9, 2024. Craig Hudson | ReutersPresident Joe Biden has had it out for corporate America for much of his term.Over the past three years, he has worked to...
Pound Shrugs After BoE’s Broadbent Signals Rate cut
The British pound is almost unchanged on Monday. GBP/USD is trading at 1.2704 in the European session at the time of writing. The pound is coming off a strong week, with gains of 1.4%. GBP/USD touched a high last week of 1.2711, its highest point since March 21. The...
Apple has a chance to change investor minds
Apple’s hardware events are usually most exciting to investors. But this time, Wall Street is highly anticipating the company’s annual software preview.
Bank of Maharashtra tops among PSU banks in business growth in FY24, ET BFSI
New Delhi, State-owned Bank of Maharashtra recorded the highest growth rate last fiscal in terms of total business and deposit mobilisation among public sector lenders at a time when most banks are facing difficulty in achieving double-digit growth. The...
MultiBank launches MEX Exchange as first BRICS/GCC based global ECN
Leading online brokerage operator MultiBank Group has announced the commencement of the launch of a groundbreaking Institutional Investor Electronic Communications Network (ECN) called MEX Exchange. Based in Dubai, MultiBank said that MEX Exchange is the world’s first...
JPMorgan’s Jamie Dimon suggests he may retire early
JPMorgan Chase & Co.’s Jamie Dimon on Monday implied that he may retire earlier than planned as the bank’s chief executive.
Australian Dollar Eyes RBA Minutes
The Australian dollar is unchanged at the time of writing, trading at 0.6692 in the European session. There are no economic releases out of the US or Australia today, which should translate into a quiet day for AUD/USD. The Aussie is coming off an excellent week,...
Top Democrat asks Biden to replace FDIC chairman
Senator Sherrod Brown (D-OH), speaks at the 2019 National Action Network National Convention in New York, April 5, 2019.Lucas Jackson | ReutersSen. Sherrod Brown, D-Ohio, on Monday called on President Joe Biden to replace Federal Deposit Insurance Corporation Chairman...
How Ivan Boesky became one of the most infamous figures on Wall Street and the inspiration for Gordon Gekko
Ivan Boesky’s 1986 guilty plea to insider trading, accompanied by a then-record $100 million fine, brought to a close a period of roaring 1980s exorbitance on Wall Street and beyond that became the calling card of the so-called Me Generation.
Banks want to regain power to issue lookout notices, to move FinMin, ET BFSI
MUMBAI: State-owned banks will jointly move the government to regain their power to stop dodgy borrowers from fleeing the country.Last week, several high-street banks took a decision to make a joint representation to the finance ministry for obtaining a statutory...
USD/JPY: Conflicting Factors at Play, Sideways for Now in the Short-Term
The Japanese Government Bond (JGB) market is now anticipating a potential Q2 recovery in the Japanese economy as the 2-year and 10-year JGB yields have rallied to more than a decade high. The 10-year and 20-year yield premiums of US Treasuries over JGBs have shrunk in...
JPMorgan CEO Jamie Dimon hints at retiring within 5 years
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., at the UK Global Investment Summit at Hampton Court Palace in London, UK, on Monday, Nov. 27, 2023. Bloomberg | Bloomberg | Getty ImagesJamie Dimon's days as CEO of JPMorgan Chase are numbered — though...
Fed likely to keep a $6.8 trillion balance sheet by December, says Barclays
Another lasting facet of the pandemic looks to be a very large Federal Reserve balance sheet.
Microsoft announces new PCs with AI chips from Qualcomm
Satya Nadella, chief executive officer of Microsoft Corp., speaks during a company event on AI technologies in Jakarta, Indonesia, on April 30, 2024.Dimas Ardian | Bloomberg | Getty ImagesMicrosoft is touting new computers with advanced chips designed to run...
Bitcoin Cautious Despite Global Rise in Risk Appetite
Market picture Crypto market capitalisation rose 5.2% over the past seven days to $2.41 trillion. Over the weekend, it reached $2.44 trillion, its highest level in nearly four weeks. Bitcoin is treading near local highs, remaining just below $67K. That’s a gain of...
U.S. regulators reconsider capital hike for big banks, WSJ reports, ET BFSI
The Federal Reserve and two other U.S. regulators are moving toward a new plan that would significantly reduce a nearly 20% mandated increase in capital for the country's biggest banks following lobbying efforts by industry CEOs like JPMorgan Chase's Jamie Dimon, the...
GameStop and AMC see meme-stock frenzy ease after Roaring Kitty-fueled rally
The meme-stock rally that lifted shares of GameStop and AMC was fueled by the social-media return of commentator Keith Gill, also known as Roaring Kitty.
SEC charges prop trading firm Kershner Trading Americas with violating trading rule
The Securities and Exchange Commission (SEC) today announced settled charges against Austin, Texas-based Kershner Trading Americas, LLC, a proprietary trading firm, for violating an SEC trading rule when it purchased stock in 23 public offerings after selling short...
Will UK Inflation Corroborate a June BoE Rate Cut?
Investors assign 60% chance for a June rate cut by the BoE UK CPI data to reveal whether inflation hit the BoE’s target But PMIs imply some upside risks The data is scheduled for Wednesday at 06:00 GMT BoE appears more dovish than expected While a few weeks ago...
Binance Invites Small to Medium Projects for Listing Opportunities
Binance Opens Doors to Small and Medium Crypto ProjectsIn a recent announcement on their official website, Binance, a leading global cryptocurrency exchange, has invited small to medium-sized projects to apply for various listing programs...
Surging shipping costs could complicate Fed’s inflation fight
While supply shortages have eased greatly in the past few years, they have not entirely gone away.
Banking sector net crosses Rs 3 lakh crore for first time in FY24, ET BFSI
MUMBAI: For the first time, the banking sector's net profit crossed Rs 3 lakh crore in FY24. The net profit of listed public and private sector banks rose 39% to Rs 3.1 lakh crore from Rs 2.2 lakh crore in FY23.While public sector banks generated a record Rs 1.4 lakh...
Public introduces fractional bond trading
Public is introducing fractional bond investing to all its members. Now, they can buy and sell corporate and Treasury bonds for as little as $100. Public has already started offering real-time trading of fractional stocks and ETFs. Now, the platform is doing the same...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0844; (P) 1.0861; (R1) 1.0886; More… EUR/USD is staying in consolidation below 1.0894 and intraday bias stays neutral. Further rally is expected as long as 1.0810 resistance turned support holds. Break of 1.0894 will resume the rise to 1.0980...
The 401(k)’s success has been overlooked and the retirement plan will continue to help even more Americans
The 401(k) of 2024 is nothing like the 401(k) of 1984
Spirit Airlines gets rid of change fees, joining Frontier
A Spirit Airlines aircraft undergoes operations in preparation for departure at the Austin-Bergstrom International Airport on February 12, 2024 in Austin, Texas. Brandon Bell | Getty ImagesSpirit Airlines is doing away with both change and cancellation fees, effective...
Banks closed today in these cities for phase 5 of elections, ET BFSI
The fifth phase of voting for the 18th Lok Sabha elections is happening today, May 20. On the days of voting, banks in various cities will be closed. Here is a look at the cities where banks will be closed for the fifth phase of the elections.Cities where banks will...
OKX Reveals Enhanced Token Listing Process
OKX Unveils Its New Token Listing ProcessLeading crypto asset platform OKX has provided further insights into its token listing procedure in response to feedback from customers and community members, according to a blog post on the...
Micron’s stock rises as Morgan Stanley admits its bearish stance ‘was a mistake’
An analyst said he failed to properly appreciate how high-bandwidth memory would drive stock momentum.
You may soon pay with your face as biometrics hit tipping point
Automated fast food restaurant CaliExpress by Flippy, in Pasadena, Calif., opened in January to considerable hype due to its robot burger makers, but the restaurant launched with another, less heralded innovation: the ability to pay for your meal with your...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2660; (P) 1.2686; (R1) 1.2727; More… No change in GBP/USD’s outlook and intraday bias stays on the upside. Firm break of 1.2708 resistance will extend the rise from 1.2298 to 100% projection of 1.2298 to 1.2633 from 1.2445 at 1.2780. On the...
Gold hits new record high :: InvestMacro
By RoboForex Analytical DepartmentOn Monday, a troy ounce of gold set a new price peak of 3438.00 USD. This surge was fuelled by renewed speculation about potential interest rate cuts by the US Federal Reserve, vigorous gold purchases by banks globally, and strong...
Hims & Hers Health says it will offer compounded GLP-1 drugs, despite FDA warnings
Hims & Hers Health’s stock jumped more than 30% Monday morning after the health and wellness platform said it would offer compounded versions of popular GLP-1 drugs.
New York AG announces $2 billion settlement with crypto lender Genesis
New York Attorney General Letitia James is settling with crypto lender Genesis for $2 billion to repay defrauded investors.The company, once a business at the heart of Digital Currency Group, was among the multiple casualties in the industry contagion set off by the...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.9062; (P) 0.9080; (R1) 0.9110; More…. No change in USD/CHF’s outlook and intraday bias stays neutral. On the upside, firm break of 0.9101 will argue that corrective fall from 0.9223 has completed with three waves down to 0.8987 already. Further...
Banking sector net crosses Rs 3 lakh crore for first time in FY24, ET BFSI
MUMBAI: For the first time, the banking sector's net profit crossed Rs 3 lakh crore in FY24. The net profit of listed public and private sector banks rose 39% to Rs 3.1 lakh crore from Rs 2.2 lakh crore in FY23.While public sector banks generated a record Rs 1.4 lakh...
Prop firm MyFlashFunding confirms two-week delayed payouts to traders
MyFlashFunding has confirmed that a large number of its traders have been faced with delayed payouts from the retail prop trading firm. We had reported a few weeks ago that MyFlashFunding was removed from prop trading comparison site Propfirmmatch.com, with...
U.S. travelers are hungry for international travel. These stocks will likely benefit.
“Airports are bracing for a spike in travelers.”
OpenAI pulls ChatGPT voice that sounded like Scarlett Johansson
Scarlett Johansson attends the 2020 Vanity Fair Oscar Party hosted by Radhika Jones at Wallis Annenberg Center for the Performing Arts on February 09, 2020 in Beverly Hills, California.Karwai Tang | Getty Images Entertainment | Getty ImagesOpenAI announced it would...
Binance Celebrates USDC Trading Pairs Launch with 7,000 USDC Giveaway
Binance Launches USDC Trading Pairs PromotionIn celebration of the launch of USDC trading pairs on Binance P2P, Binance is offering a total of 7,000 USDC in Token Vouchers for P2P takers, according to an announcement on Binance.com. The...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 155.29; (P) 155.63; (R1) 156.02; More… No change in USD/JPY’s outlook and intraday bias stays neutral. Price actions from 160.20 are seen as a corrective pattern. On the upside, break of 156.78 will resume the rise from 151.86, as the second leg, to...
Department stores want younger shoppers
Signage of Macy's, Kohl's and Nordstrom retail stores.Getty ImagesDepartment stores are aging — and so are their customers.For over a century, the stores won over multiple generations with a promise to sell shoppers a wide variety of everything. For many Millennial...
Banks want to regain power to issue lookout notices, to move FinMin, ET BFSI
MUMBAI: State-owned banks will jointly move the government to regain their power to stop dodgy borrowers from fleeing the country.Last week, several high-street banks took a decision to make a joint representation to the finance ministry for obtaining a statutory...
Power demand from AI, EVs and Big Tech is now the energy sector’s No. 1 concern
If power systems fail, it’s lights out for the entire economy.
Nvidia headed for $1000 milestone? :: InvestMacro
Nvidia almost ↑ 90% year-to-dateWill chipmaker see new all-time high?Pay close attention to Nvidia’s datacenter revenue forecastsShares could move 8.6% ↑ or ↓ post earnings on Thursday! Nvidia last earnings saw S&P 500’s biggest 1-day jump in over 12 monthsIn...
Oil Shows Weakness – Action Forex
Oil is losing about 0.75% of its peak on Monday, having hit a strengthening sell-off as it attempts to climb above $80/bbl WTI and $84/bbl Brent. Interestingly, oil is declining despite the death of Iran’s president, which should reinforce the risk premium, and...
Ryanair chief says recessionary feeling in Europe is limiting fares
Ryanair’s chief executive blamed what he called a “recessionary feel around Europe” for the airline’s inability to increase prices very much.
Grayscale CEO Michael Sonnenshein steps down, will be replaced by Goldman exec
Grayscale Investments announced that CEO Michael Sonnenshein stepped down on Monday, ending a 10-year run as the leader of the largest crypto asset manager. He will be succeeded by Peter Mintzberg, Goldman Sachs' global head of strategy for the asset and wealth...
Binance Launches Spot Trading Tournament with 300,000 USDC Prize Pool
Binance Announces Spot Trading Tournament Binance, a leading cryptocurrency exchange, has announced the launch of a new spot trading tournament. According to an announcement on its official website, the tournament is open to all users who...
Real Estate Employment Taxes Explained
Did you become a self-employed real estate agent last year? If so, you now own your own business and can take advantage of many tax benefits related to running your own business. It’s important to realize that becoming a real estate agent isn’t just about selling...
Which bank is offering highest fixed deposit rate for senior citizens?, ET BFSI
The State Bank of India has hiked its fixed deposit interest rates on select tenures below one year for senior citizens. The new rates are effective from May 15, 2024. Banks usually offer higher interest rates for its senior citizen customers. Here is a comparison of...
Risk-On Rally Continues in Quiet Markets, Forex Lacks Direction
Global financial markets are trading with a risk-on sentiment today, starting from the Asian session and continuing through the European and early US sessions. However, gains in stocks have been relatively limited, partly constrained by recovery in benchmark treasury...
Benefits of Paying Independent Contractors in Cryptocurrency: Challenges and Solutions
What defines an independent contractor, and how does it affect your work and finances in today’s digital economy? From legal classifications to tax responsibilities and the intriguing new trend of getting paid in cryptocurrency, this...
Nvidia’s stock is a bargain — provided this pattern continues
Nvidia’s stock is trading lower to expected profit than it did three years ago, before its AI-related sales exploded.
Glencore Singapore to pay $20k fine for alleged NYMEX rule violations
International derivatives marketplace CME Group has posted a notice of disciplinary action against Glencore Singapore PTE Ltd. Pursuant to an offer of settlement in which Glencore neither admitted nor denied the rule violation or factual findings upon which the...
Banking sector achieves ‘historic turnaround’, PM Modi applauds progress, ET BFSI
Prime Minister Narendra Modi applauded the remarkable turnaround in India's banking sector, highlighting the crossing of the Rs 3 lakh crore net profit milestone in FY24. Private sector banks recorded a net profit of Rs 1.78 lakh crore, outstripping state-owned...
Solana (SOL) Price Lags Behind As PEPE Coin (PEPE) Reaches New All-Time High – Blockchain News, Opinion, TV and Jobs
Solana (SOL) struggles to gain traction as popular meme coin PEPE and viral utility coin ETFSwap (ETFS) record brand-new all-time highs. The cryptocurrency market is notorious for its wild swings, and this recent price divergence between Solana (SOL) and Pepe Coin...
Deutsche Bank raises S&P 500 price target to 5,500
Equity analysts at Deutsche Bank have raised their 2024 S&P 500 target to 5,500, joining a host of other Wall Street strategists who have expressed greater optimism as stocks have come roaring back from last month’s selloff.
Fed’s Bostic: Maybe only one rate cut this year
Atlanta Fed President Raphael Bostic stated in a BloombergTV interview today that it will take time before the Fed is confident that inflation will return to 2%. He reiterated his stance that “nothing has changed” regarding his view that perhaps only one rate cut will...
Bitcoin Displays Potential Stability Amidst Global Economic Uncertainty
Bitcoin's Stability amid Global Economic ChallengesAccording to a recent post on Bitfinex Alpha, Bitcoin (BTC) has shown signs of potential stability amidst global economic uncertainty. The cryptocurrency achieved its highest daily close...
Precious and industrial metals show strong growth. Oil grows amid the news about the death of Iran’s leader :: InvestMacro
By JustMarketsOn Friday, the Dow Jones Index (US30) gained 0.34% (+1.04% for the week), while the S&P 500 Index (US500) rose by 0.12% (+1.34% for the week). The NASDAQ Technology Index (US100) closed negative 0.07% (for the week +1.74%). The US stock indices were...
Insuring the Unforeseen: How Insurance Companies are Adapting to Emerging Risks?
Insuring the Unforeseen: How Insurance Companies are Adapting to Emerging Risks? - Small Business Bonfire Home » Business Finance » Insuring the Unforeseen: How Insurance Companies are Adapting to...
Trump trial closing arguments set for May 28
Former U.S. President Donald Trump sits in the courtroom at Manhattan Criminal Court with his attorney Todd Blanche (L) on May 20, 2024 in New York City.Michael M. Santiago | Getty ImagesThe end of the criminal hush money trial of Donald Trump in New York will not...
Keywords Studios’ stock surges as videogame company mulls improved £2 billion bid from EQT
The Swedish private -quity giant is considering acquiring Keywords Studios for 2,550 pence per share, in what would mark a 73% premium on its closing price Friday.
Fed’s Barr: Not confident to start easing monetary policy yet
Fed Vice Chair Michael Barr stated in a speech today that while inflation has decreased from its peak of 7.1% to 2.7%, it is “not yet all the way to 2% target. He noted that inflation readings for the first quarter were “disappointing,” as highlighted in FOMC’s recent...
FPIs offload Rs 28,200cr in equities in May, BFSI News, ET BFSI
NEW DELHI: Foreign investors have pulled out a massive Rs 28,200 crore from Indian equities so far this month, owing to uncertainties about the outcome of the general elections and attractive valuations of Chinese markets.The withdrawal was higher than a net pullout...
Hims & Hers weight loss adds compounded GLP-1 injections
Products of Hims & Hers displayed.Hims & HersDigital pharmacy startup Hims & Hers Health is introducing access to compounded GLP-1 weight loss injections, the company announced Monday. The company, which offers a range of direct-to-consumer treatments for...
Target announces lower prices for 5,000 popular items heading into holiday weekend
Retailer Target is competing on price with its bigger rival Walmart at a time when many Americans are struggling with inflationary pressures.
From Concept to Innovation: Exclusive Interview with iSAM Securities’ Head of e-Trading, Barry Flanigan
FNG is pleased to speak today with Barry Flanigan, Head of e-Trading at leading London based prime-of-prime broker and liquidity solutions provider iSAM Securities. FNG: Hi Barry. Can you tell us about your role and journey within the iSAM Group, from its inception...
AUDCAD Rises to New 14-Month High
AUDCAD is higher again today above 0.9100 RSI and MACD are holding in their positive regions AUDCAD has been in an upward movement since February 8, posting a 14-month high of 0.9125 earlier in the day. Entering the 0.9100 area has been a struggle over the past two...
Binance Announces Support for IRISnet (IRIS) Network Upgrade
Binance to Support IRISnet Network UpgradeThe leading cryptocurrency exchange, Binance, has announced its decision to support the upcoming network upgrade of IRISnet (IRIS). The support will begin at approximately 04:30 (UTC) on May 20,...
ICC seeks arrest warrants for Israeli PM Netanyahu, three Hamas leaders
The International Criminal Court (ICC) logo is seen on a smartphone screen.Sopa Images | Lightrocket | Getty ImagesThe International Criminal Court is seeking arrest warrants against three leaders of Palestinian militant group Hamas and Israeli Prime Minister Benjamin...
Fed’s Bostic expects inflation to keep coming down — but slowly
“We do a lot of talking to business leaders and what they’re all telling us is that things are slowing down.”
More Public Sector Banks set to come on board with ONDC, says Joint Secretary, DPIIT, ET BFSI
Sanjiv Singh, Joint Secretary, DPIIT, Ministry of Commerce In an exclusive interview with ETBFSI, the Joint Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry, Sanjiv Singh, told that many more Public...
Hindujas’ acquisition of Reliance Capital hits financing hurdle, ET BFSI
MUMBAI: The financing of Hindujas' acquisition of Reliance Capital has hit the coupon hurdle as lenders including Standard Chartered Bank and Barclays are seeking a 15.5% coupon on a Rs 2,000 crore loan each, people familiar with the matter said.Hinduja Group's...
Red Lobster files for bankruptcy
A sign is posted on the exterior of a Red Lobster restaurant on April 17, 2024 in Rohnert Park, California. Justin Sullivan | Getty ImagesRed Lobster has filed for bankruptcy, continuing the process to shrink its footprint and find a buyer, the company said in a...
EUR/AUD Daily Outlook – Action Forex
Daily Pivots: (S1) 1.6210; (P) 1.6259; (R1) 1.6288; More… Intraday bias in EUR/AD is back on the downside with breach of 1.6216 support. Current fall from 1.6742 is seen as the third leg of the corrective pattern from 1.7062. Deeper fall would be seen to 1.6127...
HKEX’s clearing subsidiary OTC Clear implements enhancements to Swap Connect
Hong Kong Exchanges and Clearing Limited (HKEX) announces that its clearing subsidiary OTC Clear has implemented three enhancements to Swap Connect in partnership with China Foreign Exchange Trade System (CFETS) and Shanghai Clearing House (SHCH). The enhancements...
Texas-based Independent Bank to be bought for $2 billion by Florida’s SouthState
Independent Bank Group will no longer be independent, after the Texas-based bank announced Friday an agreement to be acquired by Florida’s SouthState Corp. in an all-stock deal valued at about $2 billion.
WikiLeaks’ Julian Assange can appeal extradition to U.S.: UK court
LONDON, ENGLAND - MAY 19: Julian Assange gestures as he speaks to the media from the balcony of the Embassy Of Ecuador on May 19, 2017 in London, England. Photo by Jack Taylor/Getty Images)Jack Taylor | Getty Images News | Getty ImagesLONDON — WikiLeaks founder Julian...
OKX Ventures Invests in Bitcoin Layer 2 Solution, Bitlayer
OKX Ventures Invests in BitlayerOKX Ventures, the investment arm of the leading crypto exchange and Web3 technology company OKX, has announced a strategic investment in Bitlayer. Bitlayer is the first Bitcoin (BTC) security-equivalent...
Is there a pullback in consumer spending? Here’s what CEOs say
People walk past a Sweetgreen restaurant in Manhattan on September 14, 2023. Jeenah Moon | The Washington Post | Getty ImagesWith higher prices and elevated interest rates stubbornly sticking around, Chipotle burrito bowls and European vacations are still on the table...
EUR/GBP Daily Outlook – Action Forex
Daily Pivots: (S1) 0.8547; (P) 0.8566; (R1) 0.8577; More… Intraday bias in EUR/GBP remains on the downside for 0.8259 support. Decisive break there will suggest that larger down trend is ready to resume through 0.8491/7 support one. On the upside, above 0.8579 minor...
Indian banking sector pips IT as net profit tops Rs 3 lakh crore in FY24, rises 39% YoY, ET BFSI
India's banking sector achieved a milestone as its net profit surpassed Rs 3 lakh crore for the first time in FY24. The combined net profit of listed public and private sector banks surged by 39 per cent, reaching Rs 3.1 lakh crore compared to Rs 2.2 lakh crore in...
Corporate insiders at these companies are telling us that consumers are cruising
Executive and director buying supports these 9 travel, gaming and recreational boat stocks.
Comm Min holds discussions on formulating SOPs to negotiate FTAs, ET BFSI
The commerce ministry has held detailed discussions with senior officials of different departments and trade experts on formulating standard operating procedures (SOP) for negotiating free trade agreements (FTAs), an official said. To discuss the various aspects of...
Cornerstone FS’s name change to Finseta becomes effective
The name change of Cornerstone FS plc to Finseta plc has become effective, the company announced today. Trading in Finseta’s ordinary shares on AIM under the new company name and the new TIDM of ‘FIN’ is expected to commence at 8.00 a.m. today, 20 May 2024. The ISIN...
Composite Interest Rate Drops to 2.65% in April 2024, Announces HKMA
The Hong Kong Monetary Authority (HKMA) has announced a decrease in the composite interest rate at the end of April 2024. The composite interest rate, which gauges the average cost of funds of banks, declined by 8 basis points to 2.65% at...
Oil prices give back gains seen after death of Iran’s president
Oil futures lost ground early Monday, giving back modest gains seen after the death of Iran’s president and the emergence of concerns about the health of Saudi Arabia’s king.
Russian strikes on Ukraine’s Kharkiv region kill at least 11
A view shows a crater that appeared after a Russian missile strike on a structure at a resort, amid Russia's attack on Ukraine, in Kharkiv, Ukraine May 19, 2024. REUTERS/Valentyn OgirenkoValentyn Ogirenko | ReutersRussia struck a busy lakeside resort on the edge of...
Gold Unlocks Another Record High
Gold advances above sideways channel 20- and 50-day SMAs tick up MACD and RSI suggest more upside pressure Next target at 261.8% Fibo extension of 2,515 Gold prices skyrocketed to another fresh high of 2,450 earlier in the day, currently holding above the previous...
Indian stock markets will remain shut on Monday for Lok Sabha polls, ET BFSI
New Delhi [India], May 19 (ANI): The stock market will remain closed on Monday for the Lok Sabha elections in Mumbai. The normal trade will resume on Tuesday. The next holiday after May 20 is scheduled for June 17 for Bakrid.The six seats in Mumbai that go to the...
DWF Liquid Markets Lists New Cryptocurrencies Including ZeroLend (ZERO), Flare (FLR), and Viction (VIC)
DWF Liquid Markets Lists New Cryptocurrencies DWF Liquid Markets has officially listed several new cryptocurrencies on its platform. The newly added cryptocurrencies include ZeroLend (ZERO), Flare (FLR), Viction (VIC), Saros (SAROS),...
eToro, Arabesque AI launch new portfolio
Online broker eToro has partnered with Arabesque AI, an investment advisory and technology company, to launch a new Sharia-compliant portfolio for users in the Middle East. Named ShariaAI-Growth, the portfolio leverages Arabesque’s AI technology and bank of...
Over $239 mn raised by 26 Indian startups in funding last week, ET BFSI
New Delhi, More than $239 million was raised by 26 Indian startups in funding last week, which includes nine growth-stage deals and 15 early-stage deals. Two early-stage startups did not disclose the amount raised, reports Entrackr.In the week of May 6-11, around 24...
10 best new cars for new college grads
These cars are all under $30,000, have top safety ratings, and at least one cool feature.
Britain expands AI safety institute to San Francisco, home of OpenAI
An aerial view of the city of San Francisco skyline and the Golden Gate Bridge in California, October 28, 2021.Carlos Barria | ReutersLONDON — The British government is expanding its facility for testing "frontier" artificial intelligence models to the United States,...
Gold Hits New Record High
On Monday, a troy ounce of gold set a new price peak of 3438.00 USD. This surge was fuelled by renewed speculation about potential interest rate cuts by the US Federal Reserve, vigorous gold purchases by banks globally, and strong investor demand for safe-haven...
Iran’s President Raisi is dead. What does it mean for the country and the world?
The President of Islamic Republic of Iran Seyyed Ebrahim Raisi during the meeting with Secretary-General Antonio Guterres UN Headquarters.Lev Radin | Lightrocket | Getty ImagesThe sudden death of Iranian President Ebrahim Raisi in a helicopter crash plunges Tehran...
My second husband spent $85,000 on repairs to my house before we were married. Does he have the right to remain in my home if I die before him?
“My will, created before my 2021 marriage, states that my home should go to my children.”
PNB Housing Finance expects 17% loan growth in FY25 aided by increase in branch network, ET BFSI
PNB Housing Finance aims to grow its portfolio by 17 per cent during the current fiscal on the back of the increase in branch network and focus on affordable housing loan. The housing finance company has enough capital to sustain this kind of high growth, PNB Housing...
BoE’s Broadbent: Summer rate cut possible
In a speech today, BoE Deputy Governor Ben Broadbent indicated that if current forecasts hold, which suggest that monetary policy will need to become “less restrictive at some point”, a rate cut could occur “over the summer”. Broadbent noted that the direct impact of...
Coincheck to start accepting purchase applications of BRIL through its IEO platform from May 27th
Coincheck, Inc., the crypto asset subsidiary of online trading group Monex, announces the start of the acceptance for purchase applications of the Brilliantcrypto Token (BRIL) through its IEO platform “Coincheck IEO” starting from May 27, 2024. BRIL will be issued by...
Binance Web3 Wallet Introduces Yield Plus and Simple Yield
Binance Web3 Wallet Unveils New Earning Methods In a bid to offer its users more opportunities in the Decentralized Finance (DeFi) space, Binance Web3 Wallet has introduced two new ways to earn: 'Yield Plus' and 'Simple Yield'. These new...
Ind-RA, BFSI News, ET BFSI
India Ratings and Research expects the country's GDP growth rate for the March quarter at 6.2 per cent and around 6.9-7 per cent for the 2023-24 fiscal, its principal economist Sunil Kumar Sinha said. The GDP numbers for the fourth quarter (January-March 2024) and the...
Li Auto says order intake misses expectations as earnings slump
Chinese electric vehicle maker Li Auto said order intake was worse than expected in March as its profit declined in the first quarter.
Why did the RBI reject most bids in the bond buyback programme?, ET BFSI
For the past couple of weeks, India's sovereign bond market has been buzzing with developments surrounding a particular kind of operation that the Reserve Bank of India carries out in its role as the government's merchant banker. The operation in question is a buyback...
Iran’s President Raisi, Foreign Minister Amirabdollahian killed in helicopter crash
Iranian President Ebrahim Raisi speaks during a meeting with the cabinet in Tehran, Iran, October 8, 2023.Wana News Agency | ReutersIranian President Ebrahim Raisi and Foreign Minister Hossein Amirabdollahian died in a helicopter crash, state media reported...
Could RBNZ Support Kiwi’s Recent Strength?
RBNZ meets on Wednesday, no rate change expected Quarterly forecasts and press statement will be closely scrutinized Press conference to gain interest if RBNZ turns dovish Kiwi’s recent run against the dollar could be under threat Third RBNZ meeting in 2024 The...
Banks want to regain power to issue lookout notices, to move FinMin, ET BFSI
MUMBAI: State-owned banks will jointly move the government to regain their power to stop dodgy borrowers from fleeing the country.Last week, several high-street banks took a decision to make a joint representation to the finance ministry for obtaining a statutory...
Use Cases of Machine Learning in Finance
The changing definitions of customer experiences in the domain of financial services have led to growing demand for better solutions in financial analysis, forecasting, and financial engineering. With the rising adoption of machine learning in finance, it is important...
A massive earnings surge could lift the Dow to 60,000 and the S&P 500 to 8,000, says top Wall Street strategist
Yardeni Research’s chief investment strategist, Ed Yardeni, told clients in a note that the stock indexes could soar even higher thanks to
DKK partners with Dubai’s Seed Group on MENA FX liquidity
Emerging markets FX liquidity specialist firm DKK Partners has announced a new partnership with the Seed Group, a company of the Private Office of Sheikh Saeed bin Ahmed Al Maktoum, based in Dubai. The parties said that the partnership offers a significant step...
EUR/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 168.87; (P) 169.10; (R1) 169.42; More… EUR/JPY’s rise from 1.6401 resumed by breaking 169.38 and intraday bias is back on the upside. This rally, as the second leg of the corrective pattern from 171.58, should target this high next. On the downside,...
Investors taking a shine to Indian climate tech space, BFSI News, ET BFSI
Supportive policies and a growing consumer cohort is attracting risk capital investors to back startups in India’s climate tech space, especially in the early stages.Investors like Blume Ventures, enterprise software and fintech-focused Leo Capital, and new firms like...
Miguel Morel and TRON Founder Justin Sun Discuss Visions for 2024 in Fireside Chat
CEO of Arkham Intelligence, Miguel Morel, and TRON Founder, Justin Sun, Discuss Visions for 2024 in Fireside Chat The CEO of Arkham Intelligence, Miguel Morel, and the Founder of TRON, Justin Sun, recently engaged in a fireside chat. The...
Teslas are cheaper than ever. Here’s how Biden’s China tariffs will affect costs.
The Biden administration this week slapped stiff tariffs on Chinese electric vehicles, as well as batteries and battery parts from China.
Mutual Funds invest Rs 1.3 lakh crore in equities in 2024 on strong mkt performance, ET BFSI
New Delhi, Mutual funds (MFs) showed strong confidence in Indian equities this year, injecting around Rs 1.3 lakh crore, driven mainly by significant retail investor interest and the robust performance of the stock market. Mutual funds, which manage long-term wealth...
Latest news on Russia and the war in Ukraine
Russian oil refinery damaged after weekend attack from Ukraine, state media reportsRussia's Slavyansk oil refinery was damaged in a drone attack from Ukraine over the weekend, Russian state news agency Tass reported on Monday."There is damage. Their scale and size...
Centre may get around ₹1 lakh crore in RBI dividend, BFSI News, ET BFSI
Recent actions by the Reserve Bank of India (RBI) suggest that it may transfer a higher dividend - possibly in the region of ₹1 lakh crore - to the government than last year, giving a potential boost to New Delhi's finances.Last week, the RBI announced a steep cut in...
MAS issues five-year prohibition order against former rep of DBS Bank
The Monetary Authority of Singapore (MAS) has issued a five-year prohibition order (PO) against Muhammad Hafiz Bin Ismail, a former representative of DBS Bank Limited. The order was issued following Mr Hafiz’s conviction for intentionally obstructing the course of...
GBP/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 197.03; (P) 197.45; (R1) 198.10; More… Intraday bias in GBP/JPY stays on the upside at this point. Rise from 191.34, as the second leg of the corrective pattern from 200.53, should target this high next. On the downside, firm break of 195.02 will...
Gen Z knows it has a debt problem — and it’s getting help for it
“Instead of suffering in silence or going purely self-help,” younger people in debt “are looking into their options and talking to people,” one expert said.
Musk launches SpaceX’s Starlink internet services in Indonesia
Tech billionaire Elon Musk (2nd L) speaks next to Indonesia's Health Minister Budi Gunadi Sadikin (L) during a ceremony held to inaugurate satellite unit Starlink at a community health center in Denpasar on Indonesia's resort island of Bali on May 19, 2024. Musk...
Binance Square Launches ‘Write to Earn’ Campaign
Binance Square Initiates 'Write to Earn' CampaignBinance Square, formerly known as Binance Feed, has launched a new promotion called 'Write to Earn.' This initiative allows Binance Square creators to earn 5% trading fee commissions from...
Hindujas’ acquisition of Reliance Capital hits financing hurdle, ET BFSI
The financing of Hindujas' acquisition of Reliance Capital has hit the coupon hurdle as lenders including Standard Chartered Bank and Barclays are seeking a 15.5% coupon on a Rs 2,000 crore loan each, people familiar with the matter said.Hinduja Group's holding...
India’s foreign exchange reserves rose USD 2.6 billion in latest week, ET BFSI
New Delhi [India], May 19 (ANI): India's foreign exchange reserves rose for the second straight week, by USD 2.561 billion to USD 644.151 billion in the week that ended on May 10, according to data shared by the Reserve Bank of India (RBI).Preceding these two weeks,...
RBI governor casts vote in Mumbai, urges people to exercise democratic right, ET BFSI
Reserve Bank of India Governor Shaktikanta Das cast his vote early morning in Mumbai today and urged all electors to exercise their democratic right."I urge all the voters to vote…this is a right in our parliamentary democracy and everyone should exercise it," Das...
FX option expiries for 20 May 10am New York cut
There are a couple to take note of on the day, as highlighted in bold.The first ones are for EUR/USD at 1.0875 and 1.0900. That is likely to keep price action more compact in that range on the day, considering little to work with in European trading as well. It's a...
Half of venture firms will ‘fade or fail,’ prominent VC forecasts
As many as half the venture-capital firms will fade or fail, says a prominent player in that space.
Navan is not far from IPO, on track for 2024 profitability, CEO says
TripActions CEO Ariel CohenTripActionsThe boss of travel and expense management platform Navan told CNBC he's preparing the company to get its business into shape for an eventual initial public offering this year, in another sign leaders of privately-held startups are...
Taiwan’s new President Lai Ching-te urges China to stop its ‘intimidation
Lai Ching-te (center) was sworn in as Taiwan's new president on Monday, taking over from his predecessor Tsai Ing-wen (left), who is stepping down at the end of her two-term limit on the presidency.Annabelle Chih | Getty Images News | Getty ImagesTaiwan's new...
Binance Launches Word of the Day Initiative to Boost Crypto Knowledge
Binance Introduces Word of the Day GameIn a bid to enhance crypto education, Binance has launched a new Word of the Day (WOTD) game. The initiative is designed to help users increase their crypto vocabulary while keeping abreast of the...
Week Begins with Market Optimism, Metals See Strong Gains
Asian markets kicked off the week on a positive note, buoyed by the record-breaking rally in US markets last week. Despite escalating geopolitical tensions in the Middle East, which have spurred strong rallies in metals, stock investors appear relatively calm. Trading...
Genesis, Inovotek Solutions partner to accelerate software innovation in fin markets
Genesis Global and Inovotek Solutions announced they are partnering to accelerate software innovation in the financial markets industry. The firms will apply the power of the Genesis Application Platform and the expertise in Inovotek’s team of more than 60 consultants...
Biden confronts Gaza, 2024 election weak spots in Morehouse speech
U.S. President Joe Biden addresses Morehouse College graduates during a commencement ceremony in Atlanta, Georgia, U.S., May 19.Elizabeth Frantz | ReutersPresident Joe Biden on Sunday addressed the war in Gaza and discussed his investments in Black communities during...
Stocks may rise into the summer. These 3 risks could derail the rally.
Given how stocks have reacted to the latest flurry of mixed economic data, a summertime rally feels almost inevitable. Still, investors would be remiss not to consider the myriad risks that could possibly derail it.
The biggest earnings heavy hitter reports this week, and so do Target and other retailers
Blowout results for Nvidia Corp., the S&P 500 Index’s biggest profit driver, have become part of the ritual when the chip maker reports quarterly results.
Currency Speculators raise Euro & US Dollar bets into positive levels :: 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 May 14th and shows a quick view of how large market...
The year of AI PCs
Microsoft Chief Executive Officer (CEO) Satya Narayana Nadella speaks at a live Microsoft event in the Manhattan borough of New York City, October 26, 2016.Lucas Jackson | ReutersMicrosoft's Build developer conference kicks off on Tuesday, giving the company the...
Exclusive: XTX Markets sees 19% decline in 2023 UK Revenues to £2.0 billion
FNG Exclusive… FNG has learned via various regulatory filings that London based algo trading and market making firm XTX Markets saw a significant decline on both its top and bottom line in 2023 for its main UK business, following a record 2022 that saw XTX bring in...
Speculator bets led higher by Corn & Wheat :: 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 May 14th and shows a quick view of how large traders...
Speculator bets led by DowJones-Mini & Russell-Mini :: 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 May 14th and shows a quick view of how large traders...
Ripple (XRP): Latin America Shifts Towards Crypto Amidst Cash Ditch
Latin America's Embrace of Crypto Latin America is seeing a significant shift towards digital payments, with the adoption of crypto assets being driven by continued comfort with online experiences post-COVID and unsettling inflationary...
Speculator bets led by the 10-Year & 2-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 May 14th and shows a quick view of how large traders...
Speculator bets led by Platinum & Silver :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday May 14th and shows a quick view of how large traders...
FX week in review: CEO moves at Capital.com & Freetrade, Prop Firm shuts, CFI record volumes
Who are the new CEOs at CFDs broker Capital.com UK, and at neobroker Freetrade? Which retail prop trading firm is shutting its (virtual) doors? What were CFI’s record trading volumes in Q1 2024? What other executive moves did we see involving Devexperts, Match-Prime...
Forex and Cryptocurrency Forecast – Action Forex
EUR/USD: Weak Inflation = Weak USD The American currency suffered two significant blows last week. Although these were not knockdowns, let alone knockouts, these minor shocks pushed the DXY Dollar Index down from 105.26 to 104.20 points, and EUR/USD up from 1.0766 to...
Silver, Copper, Brazilian Real & Sugar lead weekly Positions :: InvestMacro
By InvestMacroThe latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on May 14th.This weekly Extreme Positions report highlights the Most Bullish and Most Bearish...
Looking to place a wager on the Preakness? Here’s how to become a savvy bettor.
The second leg of racing’s Triple Crown is set for Saturday at 6:40 p.m. Eastern time.
Europe Embraces Instant Payments: Ripple Insights
An Accelerated Shift to Instant Payments Across Europe Instant payments are becoming the transaction method of choice for consumers and businesses across the European Union and the United Kingdom. Entities like the European Commission...
Social Security’s COLA could be 3.2% in 2025
The average cost-of-living adjustment over the last 20 years has been about 2.6%, according to the Senior Citizens League
Crypto and Mobile Payments Enhance Financial Inclusion in Africa
Africa's Shift towards Digital Financial PlatformsAs Africa moves towards a digital economy, cryptocurrencies and mobile payments are playing a critical role in promoting financial inclusion. Despite various challenges such as cost...
Our adviser put 50% of our holdings in individual stocks, but now we fear a big tax hit by switching to index funds
Changing investment strategies midstream can lead to significant capital gains when you sell.
Asia Pacific Outshines Globally in Instant Payments Adoption
APAC Dominates in Instant Payment InnovationsThe Asia Pacific region is leading the way in the adoption and implementation of instant payments, thanks to innovative technology, widespread smartphone access, and favorable regulations. This...
Take these two simple steps to get wealthier, says finance guru Dan Solin
‘Wealthier’ offers a deceptively simple way to avoid meme-stock distractions and other investing mistakes
Russian court seizes assets worth over $700 mln from UniCredit, Deutsche Bank and Commerzbank
A St Petersburg court has seized over €700 mln ($773 mln) worth of assets belonging to three western banks — UniCredit, Deutsche Bank and Commerzbank — according to court documents.
These behavioral trends drove the GameStop and AMC meme-stock rally
The meme-stock rally that lifted shares of GameStop Corp. and AMC Entertainment Holdings Inc. this week tapped into a range of human behaviors, according to behavioral finance expert Victor Ricciardi.
Exploring the Top 10 Ethereum NFTs with Dune API
In a recent tutorial from dune.com, the digital landscape of Ethereum Non-Fungible Tokens (NFTs) was explored using Dune API. The article provides insights into the top 10 Ethereum NFTs based on volume. Understanding the Ethereum NFT...
Weekly Economic & Financial Commentary: Fed Rate Cuts Back on the Table?
Summary United States: Let’s Wait and See There was no shortage of economic data this week, but little did much to change the macro landscape. The April inflation data were a step in the right direction, and if sustained, we see the first rate cut coming in September....
Crypto Analyst Says ETFSwap (ETFS) Will Lead The 2024 Bull Run Ahead Of Dogecoin (DOGE) And Shiba Inu (SHIB) – Blockchain News, Opinion, TV and Jobs
A crypto analyst has predicted that ETFSwap (ETFS) will lead the upcoming 2024 bull run, potentially surpassing Dogecoin (DOGE) and Shiba Inu (SHIB). A crypto analyst has unveiled the next crypto project set to lead the 2024 bull run, outpacing prominent...
‘Bidenomics’ 2.0 or ‘Trumponomics’ 2.0? Both would hurt trade and growth.
Joe Biden and Donald Trump are each pushing a protectionist agenda that weakens U.S. interests at home and globally.
The Weekly Bottom Line: Inflation Breaks Its Heat Streak
U.S. Highlights After three consecutive months of hotter-than-expected inflation, consumer prices in the U.S. finally broke the heat streak in April, with headline and core inflation decelerating. Retail sales also lost momentum in April, with spending coming in flat...
The war over nursing homes is heating up
Staffing mandates are just the beginning
Risk-On Sentiment Pushes US Stocks to New Highs, Safe-Haven Currencies Underperform
Risk-on sentiment dominated global financial markets last week, with investors buoyed by US inflation report that alleviated fears of another interest rate hike by Fed. The DOW defied gravity and surged to a new record high above the 40k mark, while S&P 500 and...
The 5 changes to the 401(k) that could make a big difference to your retirement
From blocking preretirement withdrawals to accounting for long-term care of family members, improving the nation’s most popular retirement-investing tool is one of the Best New Ideas in Money.
Vitalik Buterin on Ethereum’s Future: Improving Decentralization and Permissionlessness
In his blog post titled "The Near and Mid-Term Future of Improving the Ethereum Network's Permissionlessness and Decentralization," Vitalik Buterin outlines significant advancements for Ethereum's network. The primary focus is on...
EUR/AUD Weekly Outlook – Action Forex
EUR/AUD stayed in sideway trading above 1.6216 last week and outlook is unchanged. Initial bias remains neutral this week first and further decline is expected. Break of 1.6216 will resume the fall from 1.6742, as the third leg of the corrective pattern from 1.7062....
Why bitcoin and gold might be your move to keep your wealth safe
Both assets are far removed from government’s grasp.
Stock market looks strong enough to stay in this higher orbit
Momentum has taken over the moment.
EUR/GBP Weekly Outlook – Action Forex
EUR/GBP’s fall last week argues that rebound from 0.8529 has completed at 0.8619 already. Initial bias remain the downside this week for 0.8529 support first. Decisive break there will that larger down trend is ready to resume through 0.8491/7 support one. On the...
Missed the gold and silver rally? Metal mining stocks may be a way to catch up.
Gold and silver look ripe to extend a powerful rally, but shares of miners of precious metals still poised to play catch up
EUR/JPY Weekly Outlook – Action Forex
EUR/JPY retreated after rising further to 169.38 last week but then recovered. Initial bias remains neutral this week first, and further rise is expected. Break of 169.38 will resume the rally from 164.01, as the second leg of the corrective pattern from 171.58,...
N Vaghul, the banking doyen, passes away at 88, BFSI News, ET BFSI
Narayanan Vaghul, the banker who sowed the seeds of financial conglomerate ICICI, passed away today. He was 88.He was on the ventilator for the last two days at Apollo Hospital in Chennai, in critical condition. He was admitted to hospital after he fell and was...
Apple has lost its shine. Here’s what can help it regain luster.
Apple historically has managed to be both a Wall Street and Silicon Valley darling. Now, it’s worth asking whether the company will remain either one.
SBI, HDFC Bank, ICICI Bank, Axis Bank, IDFC FIRST Bank, DBS Bank India, ET BFSI
The Liberalised Remittance Scheme (LRS) for resident Indians limits forex outbound remittances under FEMA and RBI guidelines. This regulation authorises the external transfer of money up to USD 250,000 per calendar year for defined purposes.It means that as per the...
Companies lean on sports after Hollywood strikes
Brock Purdy #13 of the San Francisco 49ers prepares to take a snap in the first quarter against the Kansas City Chiefs0 during Super Bowl LVIII at Allegiant Stadium on February 11, 2024 in Las Vegas, Nevada. Michael Reaves | Getty ImagesMedia giants relied on sports...
USD/CAD Weekly Outlook – Action Forex
USD/CAD edged lower to 1.3589 last week but recovered. Initial bias remains neutral this week first. Further decline is in favor as long as 1.3689 resistance holds. Break of 1.3589 will resume whole fall from 1.3845 and target 100% projection of 1.3845 to 1.3608 from...
If you’re a woman, this one food slashes your dementia risk by a third
If you’re female and want to avoid dementia, stock up on this.
AUD/USD Weekly Report – Action Forex
AUD/USD’s rally from 0.6361 resumed last week but retreated after hitting 0.6713. Initial bias remains neutral for some consolidations. Further rally is expected as long as 0.6578 support holds. As noted before, fall from 0.6870 has probably completed with three waves...
YES Bank launches YES Grandeur for elite customers, BFSI News, ET BFSI
New Delhi, 18 May 2024: YES Bank has launched YES Grandeur, a banking program targeted at the emerging affluent section of the society. So, only banking customers with an average monthly balance (AMB) of Rs 5 lakh or a net relationship value (NRV) of Rs 20 lakh will...
DFS Secretary, BFSI News, ET BFSI
New Delhi: There is a need to review and rationalise the schemes running for micro, small and medium enterprises to increase their reach, said Vivek Joshi, secretary, department of financial services, ministry of finance. There are over 300 schemes for MSMEs run by...
Fed’s $7.3 trillion balance sheet is worrying the world’s largest asset manager. Here’s why.
Any moves to shorten the Federal Reserve’s asset holdings could potentially trigger a backlash in markets.
USD/CHF Weekly Outlook – Action Forex
USD/CHF rebounded strongly after edging lower to 0.8987 last week, but upside is capped below 0.9101 resistance. Initial bias stays neutral this week first. On the upside, firm break of 0.9101 will argue that corrective fall from 0.9223 has completed with three waves...
Your Social Security benefits won’t disappear after 2035 — even if Congress doesn’t act
The average monthly payment in 2036 will be $2,077 — versus $1,907 now.
BNB Chain’s Greenfield Enhances User Experience with v1.6 Updates
BNB Chain, a leading blockchain community, has unveiled notable enhancements in its Greenfield platform since version 1.6. The updates are primarily focused on streamlining off-chain authentication and introducing a novel method for...
Gold and copper are breaking records. Silver is at an 11-year high. But the narratives vary.
Factors named as powering gains in the metals markets include relative dollar weakness, U.S. debt and electrification needs.
GBP/USD Weekly Outlook – Action Forex
GBP/USD’s rise from 1.2298 resumed by breaking through 1.2633 last week. Initial bias is now on the upside this week. Firm break of 1.2708 resistance will target 100% projection of 1.2298 to 1.2633 from 1.2445 at 1.2780. On the downside, below 1.2642 minor support...
SBI, HDFC Bank, ICICI Bank, Axis Bank, IDFC FIRST Bank, DBS Bank India, ET BFSI
The Liberalised Remittance Scheme (LRS) for resident Indians limits forex outbound remittances under FEMA and RBI guidelines. This regulation authorises the external transfer of money up to USD 250,000 per calendar year for defined purposes.It means that as per the...
How to immunize your bond ETF if interest rates turn higher
Tips to hedge a portfolio against interest rate fluctuations.
EUR/USD Weekly Outlook – Action Forex
EUR/USD’s rally from 1.0601 resumed last week and further to 1.0894 before retreating. Initial bias remains neutral this week for consolidations first. Further rally is expected as long as 1.0810 resistance turned support holds. Break of 1.0894 will resume the rise to...
I’m 49 and my husband is 59. We have a $2.2 million house and $885,000 saved for retirement. Can we retire by 2030?
“We are homebodies with fairly simple and inexpensive tastes.”
USD/JPY Weekly Outlook – Action Forex
USD/JPY fell sharply after edging higher to 156.78 but recovered again after hitting 153.59. Initial bias remains neutral this week first. Price actions from 160.20 are seen as a corrective pattern. On the upside break of 156.78 will resume the rise from 151.86, as...
Yes Bank launches Grandeur account with travel and lifestyle benefits, ET BFSI
Mumbai: Yes Bank has launched Grandeur, a banking program for the emerging affluent segment in India. The program is available for those with an average monthly balance (AMB) of Rs 5 lakh or a net relationship value of Rs 20 lakh. The bank will also offer this...
‘The stress is killing me’: I’m 73 and crumbling under $200,000 in debt — and I have no savings. Can anyone help me?
“I’m current with all my bills but barely make minimum payments.”
RBI announces reduction in the quantum of the government’s treasury bill sales, ET BFSI
Following interactions with lenders amid tight liquidity conditions, the central bank has announced a steep reduction in the quantum of the government’s treasury bill sales and a new selection of bonds for the Centre’s buyback operations to aid freeing up cash for...
GBP/JPY Weekly Outlook – Action Forex
GBP/JPY’s rebound from 191.34 continued last week despite interim retreat. Initial bias stays on the upside this week for 200.53 resistance. On the downside, break of 195.02 support will argue that corrective pattern from 200.53 has started the third leg already, and...
CEA Anantha Nageswaran bats for fresh round of capital market reforms, ET BFSI
NEW DELHI: India needs to think of another round of capital market reforms to finance economic growth on a sustainable basis, chief economic advisor V Anantha Nageswaran said on Friday and stressed the importance of keeping the current growth and financial cycle as...
Social Security’s annual report is terrible news for seniors
The revised forecast doesn’t mean we can worry less
Bitfinex: Bitcoin Is the Rising Strategic Reserve for Businesses, Corporations and Governments
A Paradigm Shift in Bitcoin Perception Bitcoin (BTC), once considered a speculative asset, is increasingly being embraced as a strategic reserve by businesses, corporations, and governments worldwide. Data from BitcoinTreasuries.com...
Net profit slumps 93% YoY to Rs 55 crore, ET BFSI
Sharply higher provisioning dragged Bandhan Bank's March quarter net profit down by 93% at Rs 55 crore against Rs 808 crore in the year-ago period.Its operating profit saw a muted 2.4% rise at Rs 1839 crore due to higher expenditure. Its net interest margin for the...
RBI’s Swaminathan cautions NBFCs on poor data, unsecured loans, ET BFSI
Mumbai: Non-banking finance companies' (NBFCs) adoption of technology is fuelling growth, but reliance on algorithms built on poor data, over-reliance on unsecured loans and unsustainable loan limits are leading to build-up of risks that could bring grief in the...
EUR/CHF Weekly Outlook – Action Forex
EUR/CHF’s rally from 0.9252 resumed by breaking through 0.9847 resistance last week. Initial bias stays on the upside this week for 61.8% projection of 0.9304 to 0.9847 from 0.9563 at 0.9899. Decisive break there could prompt upside acceleration to 100% projection at...
Shoppers are taking on credit-card debt to buy groceries. That’s ‘a canary in a coal mine.’
As grocery prices rise, one in four adults who pay for food with credit cards are carrying debt.
Japan’s Mizuho hires Sanjay Nayar as advisor for Mizuho Bank India, ET BFSI
The appointment of Sanjay Nayar, effective March 31, 2024, will support the development of Mizuho’s local growth strategy, it saidMizuho Financial Group, Japan's third largest lender with $2 trillion in assets, has hired private equity veteran Sanjay Nayar as external...
Need proactive risk mitigation measures to tackle cyberattacks: RBI DG, ET BFSI
RBI deputy governor Swaminathan J said the potential impact of a cyberattack on a bank's operations, reputation, and financial stability cannot be "overstated", as he emphasised the need for proactive risk mitigation strategies. Speaking at the Conference of Heads of...
ONDC aims to democratise digital commerce with 70% SMEs onboard: Secretary, DPIIT, ET BFSI
Rajesh Kumar Singh, Secretary, DPIITWhile highlighting the significance of Open Network for Digital Commerce (ONDC) for the small businesses, Rajesh Kumar Singh, Secretary, DPIIT said that on the platform, 70% are the medium and small size sellers.“ONDC was created...
Boeing’s Starliner launch pushed back to May 25 for first crewed mission
The historic first manned launch of the spacecraft has been hindered by delays.
Mercedes-Benz workers in Alabama vote against union
United Auto Workers (UAW) members and supporters on a picket line outside the ZF Chassis Systems plant in Tuscaloosa, Alabama, US, on Wednesday, Sept. 20, 2023.Andi Rice | Bloomberg | Getty ImagesMercedes-Benz workers in Alabama have voted against union representation...
New York crypto personality used ‘Seinfeld’ joke in fraud: feds
Jason Alexander as George Costanza. Maria McCarty | NBCU Photo Bank | NBCUniversal | Getty ImagesYada, yada, yada, this cryptocurrency crook isn't laughing now.A New York man swindled more than $1.3 million from friends, neighbors and investors by among other things...
Summary 5/20 – 5/24
Monday, May 20, 2024 Tuesday, May 21, 2024 Wednesday, May 22, 2024 Thursday, May 23, 2024 Friday, May 24, 2024 The post Summary 5/20 – 5/24 appeared first on Action Forex.
Quantum Computing and Blockchain: Insights from Professor Massimiliano Sala
Quantum Computing's Impact on BlockchainIn a recent Ripple Insights series, Professor Massimiliano Sala, a renowned Professor of Mathematics at the University of Trento, shares his expert insights on the rapidly evolving intersection of...
Ripple Releases Q1 2024 XRP Markets Report
Ripple, the blockchain-based payment protocol and cryptocurrency creator, has released its Q1 2024 XRP Markets Report, providing insights into the state of crypto markets, relevant XRP Ledger and XRP-related announcements, as well as...
GBPJPY Ascends as BoJ is on the Lookout
GBPJPY in the green again, returns to pre-intervention levels Increasing possibility of another BoJ intervention Momentum indicators remain mostly bullish GBPJPY is edging higher again today, recording its ninth green candle in the last 10 sessions. The bearish...
The folks who are most excited about Dow 40,000? The hat sellers.
There’s a market for headwear tied to the stock market.
Euro Edges Lower Despite Positive Inflation Report
The euro has posted slight losses on Friday. EUR/USD is down 0.28%, trading at 1.0837 in the North American session at the time of writing. Eurozone CPI steady, core CPI falls The April inflation report showed that headline inflation remained steady at 2.4% y/y,...
Man convicted of attacking ex-Speaker Nancy Pelosi’s husband with a hammer sentenced to 30 years
David DePape, right, records the nude wedding of Gypsy Taub outside City Hall on Dec. 19, 2013, in San Francisco. DePape is accused of breaking into House Speaker Nancy Pelosi's California home and severely beating her husband with a hammer. DePape was known in...
Reddit OpenAI deal highlights demand for the social-media platform’s data
Reddit already has a longstanding partnership with Google, and more deals may be in the pipeline, says Deutsche Bank.
S&P 500 Index Hits Record High Amidst Lower Inflation
The US stock market has surged to new heights, with the S&P 500 index reaching a record high of 5,325 points and the DJIA index touching 40,000 points. Investors are experiencing euphoria, spurred by the unexpectedly low US inflation figures released earlier....
Rents just surged 10% in this affordable housing market. It was ‘bound to happen,’ one economist says.
Renters are swapping high-cost cities with expensive rentals for more affordable markets, a Redfin report found.
Trump campaign lawyer John Eastman pleads not guilty in Arizona case
Attorney John Eastman, the architect of a legal strategy aimed at keeping former President Donald Trump in power, gets out of an SUV to talk to reporters after a hearing in Los Angeles, Tuesday, June 20, 2023.Jae C. Hong | APThe attorney John Eastman pleaded not...
My father ‘deliberately and hurtfully’ cut my late sister’s two kids out of his will. How can I ensure they get their fair share?
“How can I best do this in such a way that nobody is penalized from gift taxes and other costs?”
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0850; (P) 1.0872; (R1) 1.0890; More… EUR/USD is staying in consolidation below 1.0894 and intraday bias stays neutral at this point. Further rally is expected as long as 1.0765 support holds. Break of 1.0894 will resume the rise from 1.0601 to...
Cathie Wood’s ETFs have been buying up stock in this online-gaming company
Roblox’s stock has tumbled in the wake of the company’s disappointing quarterly earnings report, but Cathie Wood’s ARK Invest seems to believe that makes them much more attractive.
OpenAI dissolves Superalignment AI safety team
OpenAI has disbanded its team focused on the long-term risks of artificial intelligence just one year after the company announced the group, a source familiar with the situation confirmed to CNBC on Friday.The person, who spoke on condition of anonymity, said that...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2642; (P) 1.2672; (R1) 1.2699; More… GBP/USD is staying in consolidation below 1.2669 and intraday bias remains neutral. Further rally is expected as long as 1.2445 support holds. Break of 1.2708 resistance will pave the way to 1.2892 resistance...
Understanding Wormhole Messaging in Blockchain Interoperability
Introduction to Wormhole Messaging Wormhole Messaging is a groundbreaking protocol that addresses the challenge of isolated blockchain systems by enabling the secure and free flow of information and value across various chains. This...
Nirmala Sitharaman engages with commuters, takes Delhi Metro ride to Laxmi Nagar
Union Finance Minister Nirmala Sitharaman took a ride on the Delhi Metro to Laxmi Nagar, engaging with commuters during her journey, emphasizing the significance of public transport and connecting with people's everyday lives.
The furniture industry’s recovery relies on customers getting used to paying more
Here’s what the furniture industry is counting on to power its upswing.
Guy Flintham gets 6-year sentence for investment fraud
Following a hearing at Southwark Crown Court, Guy Flintham, 46, was today sentenced to 6 years for fraud. On 19 February 2024, Mr Flintham pleaded guilty to fraud by false representation, following a prosecution brought by the UK Financial Conduct Authority (FCA)....
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.9013; (P) 0.9038; (R1) 0.9088; More…. Intraday bias in USD/CHF stays neutral at this point. Further decline is expected as long as 0.9101 resistance holds. Break of 0.8987 will resume the whole fall from 0.9223 and target 38.2% retracement of...
Frontier Airlines change fees scrapped in pricing overhaul
A Frontier Airlines plane lands at the McCarran International Airport in Las Vegas on Feb. 27, 2020.Elizabeth Page Brumley | Tribune News Service | Getty ImagesFrontier Airlines said it will stop charging customers a fee to change their flights, taking a page from...
Bitcoin Soars Past $67,000 Amid Renewed ETF Inflows – Blockchain News, Opinion, TV and Jobs
Bitcoin (BTC) surged above $67,000 early Friday, reversing Thursday’s dip below $65,000. This uptick coincides with a resurgence in inflows into spot bitcoin ETFs, marking four consecutive days of positive additions. The week has also been notable for the disclosure...
The U.S. economy and inflation might be cooling off, but lower interest rates are still far away
Is the economy headed in the right direction? Wall Street investors certainly think so. They drove U.S. stocks to a record high this week. Why the optimism?
Boaz Weinstein says BlackRock funds ‘crushing shareholder rights’
Boaz Weinstein, founder and chief investment officer of Saba Capital Management, during the Bloomberg Invest event in New York, US, on Wednesday, June 7, 2023. Jeenah Moon | Bloomberg | Getty ImagesBoaz Weinstein, the hedge fund investor on the winning side of...
Assessing the Progress of Generative AI Market: An Insight by a16z
A Glimpse into the Generative AI Market In an interesting episode of the AI + a16z podcast, a16z partners Guido Appenzeller and Matt Bornstein delve into the state of the generative AI market, which has seen significant growth since the...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 154.15; (P) 154.84; (R1) 156.08; More… Intraday bias in USD/JPY remains neutral and outlook is unchanged. Price actions from 160.20 are seen as a corrective pattern. On the upside break of 156.78 will resume the rise from 151.86, as the second leg,...
What Signs of Investor Exuberance Keep Telling Us :: InvestMacro
By Elliott Wave InternationalEvery day, you read news stories about the state of the economy and the stock market affecting consumer and investor behavior. The story goes something like this: When the economy and financial markets show signs of improvement, consumers...
Roaring Kitty rollercoaster: Why GameStop and AMC meme madness is an ‘outlier event’
“It felt as though the market briefly took a trip back to 2021 this week” — but the spike in GameStop and AMC will not be a long-lasting or market-moving event, according to experts.
Boeing CEO Dave Calhoun reelected to board
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 January 24, 2024 in Washington, DC. Drew Angerer | Getty ImagesBoeing shareholders voted to re-elect the outgoing CEO Dave...
Justice urged to leave Trump election case
Associate Justice Samuel Alito poses during a group photo of the Justices at the Supreme Court in Washington, April 23, 2021.Erin Schaff | Pool | ReutersThe chair of the Senate Judiciary Committee on Friday urged Supreme Court Justice Samuel Alito to recuse himself...
Sunset Market Commentary – Action Forex
Markets Several ECB policymakers hit the wires today, including Holzmann, de Guindos and heavyweight Schnabel. As a loyal hawk it was no surprise for Holzmann to caution against easing before the central bank is certain of inflation’s return to 2%. De Guindos stuck to...
Fed’s Powell tests positive for Covid for second time
Federal Reserve Chairman Jerome Powell contracted Covid-19 for the second time and is working from home while he recovers, the Fed said Friday.
Vitalik Buterin Suggests EIP-7702 to Enhance Account Abstraction on Ethereum
Ethereum might soon experience a significant enhancement with the introduction of EIP-7702. Proposed by co-founder Vitalik Buterin, this upgrade focuses on improving “account abstraction” on the blockchain platform. Vitalik Buterin and his co-authors...
Dodge, Ram boss Tim Kuniskis to retire from Stellantis
Tim Kuniskis, head of Fiat Chrysler's passenger cars division in North America, reveals the 2021 Dodge Durango SRT Hellcat SUV during an online event on July 2, 2020.ScreenshotDETROIT – Stellantis' Dodge and Ram brands CEO Tim Kuniskis is retiring after a nearly...
Exclusive: Devexperts hires Nick Mortimer as SVP Business Development
FNG Exclusive… FNG has learned that leading multi-asset trading platform developer Devexperts has hired Nick Mortimer as the company’s new Senior Vice President – Business Development. Nick Mortimer, who is based in London, was previously Head of Prime Brokerage and...
Leading index for U.S. economy sinks again and points to slower growth
The leading indicators for the U.S. economy fell in April for the second month in a row and pointed to ”serious headwinds to growth.”
Elliott Wave Expects Silver (XAGUSD) Pullback to Find Support
Short Term Elliott Wave in Silver (XAGUSD) suggests the metal rallies in impulsive structure from 10.3.2023 low. Up from there, wave (1) ended at 25.91 and dip sin wave (2) ended at 21.94. The metal then extended higher in wave (3) towards 29.79. Pullback in wave (4)...
Experts Predict Which Token Will Benefit – Blockchain News, Opinion, TV and Jobs
As Polkadot (DOT)’s adoption spikes, investors seek to diversify with promising tokens. Learn about RCO Finance (RCOF) and how it can help maximize profits. Despite being an innovative technology, Polkadot (DOT) has struggled to gain adoption since its launch. The...
Robinhood’s stock rockets as BofA sees retail renaissance in ‘early innings’
BofA double upgraded Robinhood shares while abandoning its bearish call on Coinbase’s stock.
ICE Midland WTI crude futures hit highest volume day
Intercontinental Exchange, Inc. (NYSE:ICE) today announced that its ICE Midland WTI (ICE:HOU) crude futures contract hit its highest volume day on May 13, 2024, with over 100,000 contracts traded. The volume activity follows records set in the HOU futures contract in...
Form 3520: Reporting Gifts and Inheritances from Foreign Countries
In this increasingly global world, many of us are finding ourselves caught in the complexities of tax reporting related to income or assets that are held outside of the United States.Taxpayers who receive a gift or bequest (inheritance) from a nonresident alien or...
Twin balance sheet problem of 2013-14 now an ‘advantage’ situation: Nirmala Sitharaman, ET BFSI
Finance Minister Nirmala Sitharaman Finance Minister Nirmala Sitharaman on Friday highlighting government’s resolution on the twin balance sheet problem said from those twin balance sheet problems of 2013-14, today it is twin balance sheet advantage situation. “The...
Canadian Inflation Prints to Show Another Step Down in April
Next week’s Canadian April inflation report will be the last major data release before the Bank of Canada’s next interest rate decision on June 5th. Absent an upside surprise, we think the soft conditions in the economy and labour markets should warrant a 25-bps...
RBI Dy Guv highlights supervisory concerns in functioning of ARCs, ET BFSI
The Reserve Bank of India (RBI) on Friday held a Conference in Mumbai for the Directors and MD/ CEOs of Asset Reconstruction Companies (ARCs).At the event, Deputy Governors M. Rajeshwar Rao and Swaminathan J. addressed the participants.In his keynote address, M....
Golem Partners with GamerHash AI to Develop AI Windows Provider
Golem's Partnership with GamerHash AIIn a recent announcement, Golem, a pioneer in the field of distributed computing, revealed it is collaborating with GamerHash AI on the development of a Windows AI Provider. This solution is designed...
What Does My New Health Insurance Mean for My Taxes?
In an effort to keep health insurance premiums more affordable, switching policies has become practically an annual event. This is true with many employer-sponsored plans, but you might even make a switch to an individual plan. Chances are, you began 2024 with a new...
Nvidia is seeing ‘insatiable’ demand, but these are the key questions
Investors are focused on the Blackwell ramp, prospect of an “air pocket” and margin trends.
Private deals for mansions, art and cars on the rise
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.The rich have taken "quiet wealth" to a new level,...
Week Ahead – Flash PMIs, UK & Japan CPIs in Focus; RBNZ to Hold Rates
After cool US CPI, attention shifts to UK and Japanese inflation Flash PMIs will be watched too amid signs of a rebound in Europe Fed to stay in the spotlight as plethora of speakers, minutes on tap No fireworks expected from RBNZ policy decision Will CPI report bring...
GBPNZD braces for double risk cocktail :: InvestMacro
RBNZ decision & UK CPI in focusNZD best performing G10 currency MTDGBPNZD trapped in 1500 pip rangePrices bearish on D1 chartsBloomberg FX model: 76% GBPNZD – (2.0510 – 2.0924)High impact events ranging from central bank decisions, key inflation data and speeches...
Bank of America forecasts an upturn after the worst performance for 30-year bonds in over 100 years
The total return on 30-year bonds has declined by 45% since April 2020, the worst four-year loss in over 100 years, according to strategists at Bank of America.
OKX Ventures Invests in Pencils Protocol, Boosting the Scroll Ecosystem
OKX Ventures Invests in Pencils Protocol In a recent announcement, OKX Ventures revealed its investment in Pencils Protocol, a next-generation decentralized platform offering auction services for blockchain-native assets and real-world...
Dollar Still in Recovery With Indecisive Momentum; Eyes on USD/CHF Resistance
Dollar is gradually recovering from the selloff triggered by US CPI data release earlier in the week. However, the recovery momentum remains indecisive. US stock markets, after a record run, are taking a breather, but bullish sentiment still appears dominant. The...
OpenAI Enhances Data Analysis Capabilities in ChatGPT
OpenAI Introduces Enhanced Data Analysis in ChatGPT In an effort to improve the capabilities of its AI model, OpenAI has announced significant enhancements to data analysis in ChatGPT. This includes the ability to interact with tables and...
Just one company sells Chinese-made EVs in the U.S. Here’s how it’s navigating Biden’s new tariffs.
Analysts emphasize that Sweden-based Polestar had been moving away from having its electric vehicles made in China before this month’s news about U.S. tariffs.
Christoph Radecker, Thomas Heyden leave prop firm The Trading Pit
Cyprus and Liechtenstein based retail prop trading firm The Trading Pit has announced a series of leadership transitions, while expanding responsibilities of its leaders, Illimar Mattus and Daniela Egli. The Trading Pit Leadership Updates Christoph Radecker Christoph...
Apple could owe you up to $349 in the iPhone 7 settlement. The deadline to register is coming up.
To qualify, you’ll need a piece of information from Apple.
Natural gas prices rose to a 4-month high. China released mixed data :: InvestMacro
By JustMarketsAt Thursday’s close, the Dow Jones Industrial Average (US30) decreased by 0.10%, while the S&P 500 Index (US500) was down 0.21%. The NASDAQ Technology Index (US100) closed negative 0.26%. Stock indices initially set new record highs on speculation...
SBI rate hike set to trigger fresh deposit war among banks, ET BFSI
The State Bank of India (SBI) has raised rates retail domestic term deposits (below Rs 2 crore) ranging from 25 to 75 basis points for deposits with less than one-year tenure, which may trigger fresh bout of rate hikes by other banks. SBI has also increased interest...
World’s top golfer Scottie Scheffler arrested for assaulting officer at PGA championship event
Mugshot of PGA Golfer Scott Alexander Scheffler, arrested for assault on police after trying to enter PGA Championship venue.Source: WaveScottie Scheffler, the top golfer in the world, was taken into custody Friday and charged with felony assault on a police officer...
SFC Endorses Public Consultation on ESG Ratings Code of Conduct
The Securities and Futures Commission (SFC) has expressed its endorsement of an industry-led public consultation on a voluntary code of conduct for providers of environmental, social, and governance (ESG) ratings and data products. The...
Tilray to sell a large block of stock as it preps for cannabis reclassification
Tilray Brands is getting ready for marijuana to be reclassified as a less dangerous drug in the U.S., as the cannabis company is looking to raise money through the sale of shares so it can expand.
As Tesla layoffs continue, here are 600 jobs cut in California
As part of Tesla's massive restructuring, the electric vehicle maker notified the California Employment Development Department this week that it's cutting approximately 600 more employees at its manufacturing facilities and engineering offices between Fremont and Palo...
UN revises India’s 2024 growth forecast to 6.9%, ET BFSI
A strong domestic economy will push India’s growth to 6.9% in 2024 from 6.2% projected earlier, the United Nations said in its latest World Economic Situation and Prospects report’s mid-year update.“India’s economy is forecast to expand by 6.9 per cent in 2024 and 6.6...
Oil futures edge higher, set for modest weekly gains
Oil futures headed for modest weekly gains on Friday early morning as economic data from the U.S. and China raised hopes for stronger crude demand.
Saxo Bank reports client assets exceeding DKK 800 billion
Multi-asset investment specialist Saxo Bank has reached another significant milestone, exceeding DKK 800 billion (USD 116.1 billion) in client assets. Kim Fournais, Founder and CEO, commented: “We are grateful for the trust of our clients, which has made reaching this...
Banks with highest FD rates, up to 7.25%: SBI, HDFC Bank, ICICI Bank, PNB and compared
Highest fixed deposit rates: State Bank of India hiked its fixed deposit rates for certain terms under one year, effective May 15, 2024. HDFC Bank, Canara Bank, and ICICI Bank made changes to their FD rates in February 2024, while Axis Bank updated its rates in May,...
OKX Launches P2P Block Trade for High-Volume Crypto Transactions
OKX Introduces P2P Block Trade OKX, a prominent player in the cryptocurrency market, has recently launched its Peer-to-Peer (P2P) block trade service. This new feature offers a secure and efficient platform for high-volume crypto...
GameStop’s stock slides premarket after company issues profit and sales warning for its first quarter
GameStop Corp.’s stock fell 11.8% early Friday, after the videogame retailer and key meme stock issued a profit and sales warning for the first quarter.
AI startup CoreWeave raises $7.5 billion in debt, Blackstone leads
Michael Intrator, CEO of CoreWeave, participates in a CNBC interview on May 9, 2024.CNBCFresh off a $1.1 billion equity funding round, artificial intelligence infrastructure startup CoreWeave has raised $7.5 billion in debt so that it can more heavily invest in its...
Crypto Market Ready to Grow Further
Market picture The crypto market cooled off on Thursday afternoon, but on Friday morning, buyers stepped up again, bringing capitalisation back to levels from the day before at $2.39 trillion. Strong growth was followed by rapid profit-taking, which is a necessary...
7 Ways 3D Technology Can Help You to Grow Your Business
Continuous technology innovation has revolutionized the businesses operate and engage with customers. Among the latest advancements, 3D technology stands out as a powerful tool. It has the potential to transform various aspects of business operations. From product...
S&P 500 index hits record high amidst lower inflation :: InvestMacro
By RoboForex Analytical DepartmentThe US stock market has surged to new heights, with the S&P 500 index reaching a record high of 5,325 points and the DJIA index touching 40,000 points. Investors are experiencing euphoria, spurred by the unexpectedly low US...
Visa reinvents the card, unveils new products for digital age, ET BFSI
Visa has unveiled new products and services that will revolutionise the card and address the future needs of businesses, merchants and consumers and the financial institutions that serve them.“The industry is at a pivotal point - new technologies like Gen AI are...
IFC extends $500mn credit line to HDFC Bank for women loans, BFSI News, ET BFSI
Mumbai: The International Finance Corporation, an arm of the World Bank that supports private sector initiatives, has extended a $500 million credit line to HDFC Bank to provide finance to women through microloans in rural areas.The private lender will use the money...
‘An AI-fueled equity bubble’ will see big tech lead the charge in coming months
Big tech can once again be the market’s crown jewels says Capital Economics
Microsoft Mistral partnership avoids merger probe by UK regulators
The Microsoft logo is displayed on a smartphone.Mateusz Slodkowski | Sopa Images | Lightrocket | Getty ImagesThe U.K.'s Competition and Markets Authority cleared Microsoft's AI partnership with Mistral of regulatory concerns after previously inviting views on whether...
After Surpassing $30, Silver May Aim for $50
Silver climbed above $29.8, rewriting the highs from January 2021, but once again faced selling intensification from that level for the first time in four years and has pulled back to $29.40 at the time of writing. Silver does not look overheated, as it is only now...
OKX to Delist Several Margin Trading Pairs and Perpetual Futures
OKX Announces Delisting of Certain Trading Pairs OKX, a leading cryptocurrency exchange platform, has announced plans to delist several perpetual futures and margin trading pairs. The move is aimed at improving market liquidity and...
Technology stocks are once again leading the way in 2024. Why these ETFs tell a different story.
U.S. stocks are rallying in 2024, but some of the most popular ETFs tracking key sectors haven’t kept pace, leading to significant gaps between their returns and the indexes they are designed to mirror.
BitMEX Introduces Change of Mark Method for NOTUSDTK24
BitMEX Announces Change of Mark Method for NOTUSDTK24 BitMEX, a leading cryptocurrency trading platform, has announced that as of 17 May at 09:55 UTC, the Mark Method for NOTUSDTK24 has been changed to Fair Price marking. This significant...
HK Court issues prison sentences to two former brokers for false trading
The Eastern Magistrates’ Court has sentenced two former licensees, Mr Yip Chi Wing and Mr Tsoi Chiu Kwan, to three months of imprisonment each following their convictions for false trading in the shares of Forebase International Holdings Limited. In sentencing,...
PSBs profits cross Rs 1.4 lakh crore in FY24, SBI takes lion’s share, ET BFSI
Public sector banks in India have posted a stellar performance, with cumulative profits crossing Rs 1.4 trillion for the fiscal year ended March 2024, a robust growth of 35% over the previous year, which was based on a high profit base of Rs 1 trillion.The 12 major...
Australian Dollar Hits 4-month High
The Australian dollar is lower on Friday. AUD/USD is currently trading at 0.6658 in the European session, down 0.31% on the day. The Aussie touched a high of 0.6714 on Thursday, its highest level since January 10th. This followed a massive 1% surge on Wednesday after...
RBI holds conference for heads of assurance functions at Urban Co-operative Banks, ET BFSI
Mumbai (Maharashtra) [India], May 16 (ANI): The Reserve Bank of India (RBI) convened a conference in Mumbai on Thursday, bringing together Heads of Assurance Functions from select Urban Co-operative Banks (UCBs).According to RBI press release, this conference,...
Mastercard, Standard Chartered pilot tokenised deposit transaction, ET BFSI
Standard Chartered Bank in Hong Kong has successfully completed a proof-of-concept (PoC) project in collaboration with Mastercard, Mox Bank, and the government bond platform Libeara to explore the benefits of tokenised deposits for settling tokenised carbon...
There’s more good news on inflation. Americans may have a hard time believing it.
Purchasing power for the average household actually increased from 2019 to 2023, a government report found. But higher earners are still coming out on top.
Pound Edges Lower, Markets Eye FedSpeak
The British pound is down slightly on Friday. GBP/USD is down 0.14%, trading at 1.2648 in the European session at the time of writing. It has been a good week for the pound, which has gained 1% against the US dollar. Wednesday’s inflation release showed CPI dipping in...
Exclusive: ForexVox/SquaredFinancial alum Michael Quirk joins Go Xchange as Head of Sales
FNG Exclusive… FNG has learned that experienced FX and CFDs executive Michael Quick has joined FCA regulated foreign exchange services company Go Xchange, as the company’s new Head of Sales. Michael Quirk, based in London, began his FX career is sales at Saxo Bank in...
ICICI Bank appoints Soumendra Mattagajasingh as Group CHRO, BFSI News, ET BFSI
ICICI Bank has appointed Soumendra Mattagajasingh as its Group Chief Human Resources Officer.ICICI Bank has announced that its Board has approved the inclusion of Soumendra Mattagajasingh in the category of senior management personnel, effective May 1.The Bank has...
RBI’s Swaminathan cautions NBFCs on poor data, unsecured loans, ET BFSI
Mumbai: Non-banking finance companies' (NBFCs) adoption of technology is fuelling growth, but reliance on algorithms built on poor data, over-reliance on unsecured loans and unsustainable loan limits are leading to build-up of risks that could bring grief in the...
‘I was hospitalized due to blood poisoning from a feral cat bite — and the copay wiped out my savings’: Should I cash out my $12,000 life-insurance policy?
“I am now in my 50s and have no family. I have no children and no siblings left.”
HK SFC: Two Former Brokers Sentenced to Jail Over False Trading
Former Brokers in Hong Kong Jailed for False Trading In a recent crackdown on illicit financial activities, two former brokers in Hong Kong have been sentenced to three months in jail each for false trading. The Securities and Futures...
Sen. Menendez’s wife has breast cancer, he reveals at corruption trial
US Senator Bob Menendez, Democrat of New Jersey, and his wife Nadine Arslanian, arrive at the US District Court, Southern District of New York, in New York City on September 27, 2023. Timothy A. Clary | AFP | Getty ImagesNadine Menendez, the wife and co-defendant of...
Calm Before Storm for WTI Oil Futures?
WTI oil futures hold near recent lows; develop within narrow neutral structure Technical signals indicate improving sentiment, but downside risks could emerge near 80.80 Despite occasional drops, WTI oil futures remained squeezed within the 78.00-80.00 area and...
A virtual hold for a real crime, BFSI News, ET BFSI
Mumbai: Amid suspicions that money robbed in a cyber attack and laundered are parked in cryptos, the idea of a 'designated official wallet' to hold and ring fence crypto currencies bought with the proceeds of crime has cropped up.Soon after a transaction by a scammer...
The stylish, coupe-like 2025 BMW X6 SUV—a niche model worth serious consideration
The 2025 BMW X6 puts a coupe-styled roof on a midsize luxury SUV’s foundations, then adds extra poise and equipment.
India central bank likely selling dollars to cap rupee depreciation, traders say, ET BFSI
MUMBAI, - The Indian central bank was likely selling U.S. dollars to limit weakness in the rupee, four traders told Reuters.The rupee was at 83.4850 against the dollar as of 09:50 a.m. IST, barely changed from its previous close at 83.50.The rupee has remained under...
HKMA, PBoC expand e-CNY pilot
The Hong Kong Monetary Authority (HKMA) and the People’s Bank of China (PBoC) have made further progress in the e-CNY pilot for cross-border payments and will expand the scope of e-CNY pilot in Hong Kong to facilitate the set up and the use of e-CNY wallets by Hong...
ICICI Bank appoints Soumendra Mattagajasingh as Group CHRO, BFSI News, ET BFSI
ICICI Bank has appointed Soumendra Mattagajasingh as its Group Chief Human Resources Officer.ICICI Bank has announced that its Board has approved the inclusion of Soumendra Mattagajasingh in the category of senior management personnel, effective May 1.The Bank has...
‘Real Housewives’ star Sonja Morgan is auctioning off her N.Y. townhome—no reserve
“Real Housewives of New York” star Sonja Morgan is preparing to auction off her Upper East Side townhome after trying to sell it for over 10 years.
Xpeng aims for flying car pre-orders this year with delivery in 2026
Xpeng's "Land Aircraft Carrier" vehicle has a flying passenger drone hidden inside the truck. The drone can detach.XPENG AEROHTXpeng AeroHT, an affilaite of Xpeng, aims to deliver its flying car to customers in 2026, the Chinese electric vehicle maker's co-president...
Eurozone CPI finalized at 2.4% in Apr, core CPI at 2.7%
Eurozone CPI was finalized at 2.4% yoy in April, unchanged from March’s reading. CPI core (ex-energy, food, alcohol & tobacco) was finalized at 2.7% yoy, down from prior month’s (2.9% yoy). The highest contribution to the annual Eurozone inflation rate came from...
Boeing supplier Spirit AeroSystems lays off workers, citing lower deliveries
A Boeing 737 MAX-10 lands over the Spirit AeroSystems logo during a flying display at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, on June 22, 2023.Benoit Tessier | ReutersAerospace supplier Spirit AeroSystems on Thursday said it...
Binance Announces Support for Chiliz (CHZ) and MultiversX (EGLD) Network Upgrades & Hard Forks
Binance Supports Chiliz (CHZ) and MultiversX (EGLD) Network Upgrades and Hard ForksIn a recent announcement, Binance, one of the world's leading cryptocurrency exchanges, has declared its support for the network upgrades and hard forks of...
India central bank likely selling dollars to cap rupee depreciation, traders say, ET BFSI
MUMBAI, - The Indian central bank was likely selling U.S. dollars to limit weakness in the rupee, four traders told Reuters.The rupee was at 83.4850 against the dollar as of 09:50 a.m. IST, barely changed from its previous close at 83.50.The rupee has remained under...
Why You Should Get an AI Certification in 2024?
Artificial intelligence is a revolutionary technological trend that you must have come across in science fiction. However, AI is more than the robots planning to take over the world. As a matter of fact, AI has become an important part of our lives and has changed...
Modi strongman rule raises questions on India’s ‘democratic decline’
Narendra Modi, India's prime minister, center, during a campaign rally in Agra, Uttar Pradesh, India, on Thursday, April 25, 2024. Modi doubled down on his attacks against the main opposition party by using language critics say sows division between the country's...
HDFC Manufacturing Fund raises over Rs 9,500 crore, BFSI News, ET BFSI
Mumbai: HDFC Manufacturing Fund raised between ₹9,500 crore and ₹10,000 crore - the highest by an actively-managed equity mutual fund in a new fund offer (NFO) in the past three years. Financial planners and distributors said heightened investor appetite for the...
SBI Holdings invests in Chainstack
SBI Holdings, Inc. today announced its investment in Chainstack Pte. Ltd., a company providing blockchain nodes’ services, through SBI-Sygnum-Azimut Digital Asset Opportunity Fund. Chainstack, founded in 2019 in Singapore, is a Web3 infrastructure provider that offers...
ECB’s Schnabel lobbies against back-to-back rate cuts
European Central Bank board member Isabel Schnabel pushed back on the idea of back-to-back interest rate cuts, saying inflation risks are still tilted to the upside.
RBI Approves Pradeep Natarajan as Whole Time Director of IDFC FIRST Bank, ET BFSI
The Reserve Bank of India (RBI) has granted approval for Pradeep Natarajan to assume the position of Whole Time Director at IDFC FIRST Bank Limited. Natarajan, an esteemed professional with a wealth of experience in the banking sector, will embark on a three-year...
ECB’s de Guindos: Inflation to fluctuate at current levels before falling to 2% in 2025
ECB Vice President Luis de Guindos addressed inflation expectations at an event today, noting that “headline inflation is there at 2.4%, core inflation below 3%.” He projected that inflation will “fluctuate around these values” in the coming months. Looking further...
Rupee little changed, likely RBI intervention counters slip in Asian peers, ET BFSI
By Jaspreet KalraMUMBAI - The Indian rupee was largely unchanged on Friday as dollar sales from state-run banks, likely on behalf of the Reserve Bank of India (RBI), curbed weakness in the currency even as its Asian peers slipped.The rupee was at 83.48 against the...
Canada Goose (GOOS) Q4 earnings report 2024
Chris So | Toronto Star | Getty ImagesShares of Canada Goose surged 16% on Thursday after the company reported earnings for the fiscal fourth quarter and announced it was expecting year-over-year sales growth for fiscal year 2025.Here's how the company did:Earnings...
Shift in market environment makes ‘accident’ more likely, says Nomura pro
Markets are returning to the traditional relationship between stocks and volatility that leaves markets more prone to an accident, according to one market observer.
Latest news on Russia and the war in Ukraine
Zelenskyy says situation in Kharkiv region 'stabilized' after Russian forces make significant gainsUkraine's President Volodymyr Zelensky waits to greet US Secretary of State prior to their meeting in Kyiv on May 14, 2024. Brendan Smialowski | AFP | Getty...
Selling Pressure Shifts to Yen and Swiss Franc, Dollar Recovers on Fed’s Hawkish Remarks
Yen’s selloff resumed after brief recovery yesterday and continued to weaken throughout Asian session. Markets largely ignored comments from former BoJ chief economist Toshitaka Sekine, who suggested the next rate hike could happen as soon as in June. The general...
Binance Postpones Removal of BIDR Spot Trading Pairs
Binance Announces PostponementLeading cryptocurrency exchange Binance has announced the postponement of the removal of BIDR spot trading pairs. Previously scheduled for 2024-05-17 at 03:00 UTC, the cessation of trading on these pairs will...
Spotware Systems rolls out cTrader Mobile 5.0
Fintech company Spotware Systems has rolled out the latest version of the cTrader Mobile app for iOS-based and Android-based devices. cTrader Mobile 5.0 delivers the new Algo application to your device. Start cBots in Cloud, and they will be able to trade 24/7 even if...
BitMEX Launches NOTUSDT Perpetual Swap with 10x Leverage
BitMEX Introduces NOTUSDT Perpetual Swap In a recent announcement, BitMEX, a leading cryptocurrency exchange, has introduced a new listing, NOTUSDT perpetual swap, which is now available for trading. This new addition offers traders the...
Religare moves HC over Sebi ‘inaction’, BFSI News, ET BFSI
Mumbai: Religare Enterprises has moved the Delhi High Court against the Securities and Exchange Board of India (Sebi) for its alleged inaction on the complaints made against the Burman family, the Dabur promoters who have emerged as the largest Religare shareholders...
India’s 2024 economic growth projection revised upwards by UN to nearly 7 per cent, ET BFSI
By Yoshita Singh United Nations, The United Nations has revised upwards India's growth projections for 2024, with the country's economy now forecast to expand by close to seven per cent this year, mainly driven by strong public investment and resilient private...
India benefiting from more investments coming into the country as less foreign investment going into China: UN expert, ET BFSI
United Nations: India registered "very robust" economic growth performance and has become an alternative investment destination for many western companies as "less and less" foreign investment is going into China, an expert at the UN said as the global body revised...
FX option expiries for 17 May 10am New York cut
There are a couple to take note of, as highlighted in bold.And they are for EUR/USD at 1.0850 and 1.0875 on the day. The former especially is a relatively large one, which should help to contain price action around current levels in European morning trade. That should...
China eases mortgage rules in latest push to aid property sector
China’s financial regulators said Friday that they would remove the mortgage rate floors for first and second homes, and lower minimum downpayment ratios for first-time homebuyers.
Reddit soars after announcing OpenAI deal on AI training models
The trading floor of the New York Stock Exchange prepares for the social media platform Reddit's initial public offering in New York City on March 21, 2024.Spencer Platt | Getty ImagesReddit shares surged 11% in extended trading on Thursday after the social media...
FDA approves Amgen small cell lung cancer treatment
The Amgen headquarters in Thousand Oaks, California.Eric Thayer | Bloomberg | Getty ImagesThe Food and Drug Administration on Thursday approved Amgen's therapy for patients with the most deadly form of lung cancer. The agency cleared the drug, which will be marketed...
Facebook and Nike diversity manager gets prison for fraud
Barbara Furlow-Smiles attends the 2020 Sisters' Awards at Skirball Cultural Center on March 08, 2020 in Los Angeles, California.Robin L. Marshall | Getty ImagesA former diversity manager at Facebook and Nike was sentenced to five years and three months in prison for...
Crypto Market Shakes Off Consolidation
Market picture The release of US inflation data sparked a surge in risk asset purchases, with cryptocurrencies leading the charge. This follows a period of prolonged consolidation, which provided enough pent-up energy to fuel increased volatility. Over the past 24...
NBA TV rights deal hinges on Warner Bros Discovery
NBA Commissioner Adam Silver speaks to the media during a press conference as part of the 2022 All-Star Weekend at Rocket Mortgage Fieldhouse on February 19, 2022 in Cleveland, Ohio.Jason Miller | Getty ImagesWhether it's two people in a marriage or a company and a...
Dow Jones struggles to keep grip on 40,000 after testing milestone for first time
The Dow Jones Industrial Average traded above 40,000 for first time ever on Thursday, but was struggling to finish above that threshold.
Bitcoin Price Hits a Month’s High, Breaking Key Resistance
Yesterday’s release of CPI figures suggests that inflation is slowing down and a rate cut could be on the horizon. This weakened the dollar and boosted the value of assets priced in dollars, including BTC/USD. As a result, the price of Bitcoin hit a May high....
‘I stopped counting birthdays decades ago.’ This 65-year-old is financially independent and has no urge to retire.
Financial freedom allows him to focus on the pleasures of his job and hobbies.
Figma tender offer values company at $12.5 billion
Dylan Field, co-founder and CEO of Figma, speaks at the startup's Config conference in San Francisco on May 10, 2022.FigmaFigma, a cloud-based design tool company, said Thursday it will allow investors, including current and former employees, to sell their shares in a...
Trump lawyer yells at Michael Cohen in cross-examination
Michael Cohen, a former attorney for Republican presidential candidate and former U.S. President Donald Trump, heads to court for second day of cross-examination at Trump's criminal trial over charges that he falsified business records to conceal money paid to silence...
Let Buffett’s Pilot truck stops set up EV chargers, not the government, GOP Sen. Tillis says
Washington’s three-year-old bipartisan infrastructure law has drawn flak for not delivering a lot of chargers for electric vehicles, but Republican Sen. Thom Tillis of North Carolina said Thursday that he views that as a good feature of the law, not a shortcoming.
Australian Dollar Surges After US Inflation Ease
The Australian dollar is lower on Thursday after surging 0.98% a day earlier. AUD/USD is currently trading at 0.6671, down 0.33% on the day. Australian job growth rebounds but unemployment rate rises Australian employment bounced back in April with an increase of...
Perks for Trump top donors during GOP Convention
ANAHEIM, CALIFORNIA - SEPTEMBER 29: Former U.S. President Donald Trump Former U.S. President Donald Trump speaks at the California GOP convention on September 29, 2023 in Anaheim, California. Presidential candidates set to speak at the convention include former...
Cannabis stocks rise as U.S. moves to reclassify pot as less dangerous
Cannabis companies including Cresco Labs, Trulieve and Ayr Wellness post solid gains
US initial jobless claims falls to 222k, slightly above expectations
US initial jobless claims fell -10k to 222k in the week ending May 11, slightly above expectation of 219k. Four-week moving average of initial claims rose 2.5k to 218k. Continuing claims rose 13k to 1794k in the week ending May 4. Four-week moving average of...
Uber launches service that can help with eldercare
Transportation to medical appointments or medical errands can be arranged by app and paid for with health insurance
Grocery sales rise as fast food prices increase
Getty Images (L) | Reuters (R)Forget the drive-thru. Walmart wants diners to find a value meal in its grocery aisles.As fast food gets pricier, the nation's largest grocer sees a sales opportunity.On a call with CNBC on Thursday, Walmart Chief Financial Officer John...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.9001; (P) 0.9036; (R1) 0.9057; More…. Intraday bias in USD/CHF is turned neutral again first with current recovery. But further decline is expected as long as 0.9101 resistance holds. Break of 0.8987 will resume the whole fall from 0.9223 and...
Biden slams Trump as he touts record-high Dow crossing 40,000
U.S. President Joe Biden delivers remarks on the September Jobs Report at the White House in Washington, D.C., on Oct. 6, 2023.Kevin Dietsch | Getty ImagesPresident Joe Biden's campaign ripped presumptive Republican nominee Donald Trump after the Dow Jones Industrial...
McDonald’s is bringing back its $5 value meal. Here are 10 other ways to save when dining out.
Follow these tips and you’ll reap the financial rewards.
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 154.21; (P) 155.38; (R1) 156.08; More… Intraday bias in USD/JPY is turned neutral with current recovery. Outlook is unchanged that fall from 156.78 is seen as the third leg of the corrective pattern from 160.20 high. Below 153.59 will target 151.86...
AMD supplants Nvidia as this analyst’s top chip stock — but he still likes both
AMD’s stock advances as Wolfe Research writes positively of the company’s AI traction.
Supreme Court Justice Clarence Thomas questioned on RV loan
Two leading Democratic senators are pressing Supreme Court Justice Clarence Thomas to say whether he repaid a wealthy friend any of the principal for a $267,230 loan he used to buy a luxury motorhome.The letter to Thomas's lawyer, dated Tuesday, raises questions about...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2610; (P) 1.2648; (R1) 1.2725; More… Intraday bias in GBP/USD remains on the upside for the moment. Rise from 1.2298 is in progress. Firm break of 1.2780 will pave the way to 1.2892 resistance next. On the downside, below 1.2624 minor support will...
Under Armour’s stock buoyed by hopes for restructuring as founder Kevin Plank returns, pledges renewed focus on men
Under Armour Inc.’s stock rose Thursday after the athletic-apparel maker approved a restructuring plan and beat analyst estimates for fourth-quarter adjusted earnings.
Tickmill launches Interest Rate Offering
Tickmill, a leading multi-regulated broker with a global presence, has announced its interest rate offering, which enables clients to earn interest on their unused funds. This initiative highlights Tickmill’s client-oriented approach and commitment to providing...
Mortgage rates fall to the lowest level in a month, but ‘home buyers are still feeling the pressure’ from high home prices
The 30-year mortgage rate is averaging at 7.02% Freddie Mac said in its latest weekly survey on Thursday.
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0783; (P) 1.0804; (R1) 1.0842; More… Intraday bias in EUR/USD remains on the upside for the moment. Current rise from 1.0601 is in progress for 1.0980 resistance. Decisive break there will confirm that whole fall from 1.1138 has completed already....
JPY has sharply strengthened :: InvestMacro
By RoboForex Analytical DepartmentThe yen’s exchange rate rose to the US dollar on Thursday in response to improving prospects for the Federal Reserve interest rate. The USDJPY pair has declined to 153.88.After the US released up-to-date data on April inflation, the...
OKX Introduces Perpetual Futures for NOT Crypto
OKX Enables Perpetual Futures for NOT CryptoIn a significant development, leading cryptocurrency exchange OKX has announced that it will enable USDT-margined perpetual futures for NOT cryptocurrency. The new offering will be activated at...
‘Our children don’t have the discipline to manage their own money’: My wife and I have $4.5 million saved for retirement. How long will this last?
“It’s time we think of leaving a legacy for our two adult children.”
Euro Edges Lower After ECB’s Financial Stability Warning
The euro has posted slight losses on Thursday. EUR/USD is down 0.20%, trading at 1.0860 in the North American session at the time of writing. ECB warns of risks to financial stability The ECB’s Financial Stability Review expressed concern that financial stability...
Wayfair to open first large store outside of Chicago
Wayfair store in Wilmette, Illinois.Courtesy: WayfairWhat retail apocalypse?Online home goods retailer Wayfair is opening its first namesake store, near Chicago, following a string of other digitally native companies that have turned to brick-and-mortar for growth. In...
Jamie Dimon sees ‘happy talk’ driving markets as he maintains cautious view
JPMorgan Chase chief executive is sticking to his outlook that a soft landing for the economy is less likely than markets expect.
Equinix announces availability of Dell PowerStore on Equinix Metal
Digital infrastructure company Equinix, Inc. (NASDAQ:EQIX) announced today the availability of Dell PowerStore on Equinix Metal, a new, enterprise-grade Storage as a Service (STaaS) solution. Dell PowerStore on Equinix Metal with flexible configurations can help...
Sunset Market Commentary – Action Forex
Markets Since the May 1 Fed decision/communication dominos fell in place for markets to embrace a correction on the April higher-for-long rally in US (and broader) yields. Despite US inflation holding sticky, Fed Chair Powell ‘reassured’ markets that policy was tight...
Roche weight loss drug shows promising results in early trial
A logo at the Roche Holding AG headquarters in Basel, Switzerland, on Thursday, Feb. 1, 2024.Bloomberg | Getty ImagesRoche on Thursday said its experimental weight loss drug showed promising results in an early-stage trial, boosting the company's bid to compete in the...
Fed’s Barkin: Service companies are still trying to raise prices
The service sector “has changed their view” and believes consumers will accept higher prices and are going to raise them until households balk.
Binance Introduces Liquidity Pairing Program to Enhance Crypto Trading Ecosystem
Binance Launches Liquidity Pairing ProgramIn a bid to offer comprehensive services and deep liquidity on its platform, Binance, one of the world's leading cryptocurrency exchanges, has launched the Liquidity Pairing Program. This program...
FSA or HSA: Which Offers the Best Tax Advantages?
Flexible Spending Accounts (FSA) and Health Savings Accounts (HSA) are two types of programs designed to provide tax advantages while paying for healthcare costs. These programs allow you to pay qualifying out-of-pocket expenses for health care with tax-free dollars. ...
USD/JPY Steady as Japanese Economy Contracts
The Japanese yen climbed as much as 0.85% earlier on Thursday but has pared most of those gains. USD/JPY is trading at 155.38, up 0.31% in the European session. Japan’s economy contracted in the first quarter. GDP declined by 2% y/y in the first quarter, following a...
Supreme Court rules Consumer Financial Protection Bureau funding structure is legal
The Consumer Financial Protection Bureau headquarters in Washington, D.C., on May 14, 2021.Andrew Kelly | ReutersThe Supreme Court ruled Thursday that the funding structure of the Consumer Financial Protection Bureau is legal.The court in a 7-2 decision rejected an...
Stock indices have hit all-time highs. The Australian labor market is starting to cool down :: InvestMacro
By JustMarketsAt Wednesday’s close, the Dow Jones (US30) Index increased by 0.88%, while the S&P 500 (US500) Index was up 1.17%. The NASDAQ Technology Index (US100) closed positive 1.41%. All three indices hit all-time highs yesterday. Stocks rose on lower bond...
India to become USD 4 trillion economy in FY25: Sanjeev Sanyal, ET BFSI
New Delhi: India will be a USD 4 trillion economy in 2024-25 and surpass Japan by early next fiscal to become the world's fourth largest economy, Economic Advisory Council to the Prime Minister (EAC-PM) member Sanjeev Sanyal said on Thursday. Sanyal further said that...
Record U.S. stock market is not yet overbought, but it’s getting close
According to a closely-watched momentum gauge the rally is not looking over-extended yet. But it may be getting close.
FAA clears United Airlines to add new aircraft, routes after safety review
A United Airlines 737 Max 8Leslie Josephs | CNBCUnited Airlines said the Federal Aviation Administration has cleared it to add new aircraft and routes months after the regulator stepped up its scrutiny of the carrier after several safety incidents."Today, we got some...
Binance Cancels Listing of Notcoin (NOT) Trading Pair
Binance Halts Notcoin (NOT) Listing In a recent development, Binance, the world's leading cryptocurrency exchange, has announced the cancellation of the Notcoin (NOT) listing, which was originally slated for May 16, 2024. This decision...
Sebi open to oversight of crypto trade, in contrast to Reserve Bank: Report, ET BFSI
NEW DELHI - India's market watchdog has recommended that several regulators oversee trade in cryptocurrencies, documents show, the strongest signal to date that at least some authorities in the country are open to allowing the use of private virtual assets.The...
Gold Retreats After Hitting Upper Bollinger Band
Gold remains bullish in near term RSI moves horizontally below 70 level Gold prices recorded their second session of losses in the 4-hour chart after a failed attempt to break significantly above the 2,400 round level. Chances for a reversal are increasing as the RSI...
Import prices post biggest increase in two years, adding to U.S. inflation pressures
The cost of imported goods rose in April for the fourth month in a row and increased at the fastest pace in two years, reflecting the persistence of elevated U.S. inflation.
Tether, TON Foundation, and Oobit Join Forces for Seamless Crypto-Payment Solution
Tether, TON Foundation, and Oobit Create Seamless Crypto-Payment Solution Tether Operations Limited, the largest company in the digital asset industry, has partnered with Oobit, a mobile payment app, and the TON Foundation to...
SEC adopts amendments to Regulation S-P to bolster protection of consumers’ info
The Securities and Exchange Commission (SEC) today announced the adoption of amendments to Regulation S-P to modernize and enhance the rules that govern the treatment of consumers’ nonpublic personal information by certain financial institutions. The amendments update...
Under Armour (UAA) earnings Q4 2024
Under Armour announced a broad restructuring plan on Thursday as it said sales in its largest market, North America, plunged 10% and predicted the trend will get worse throughout its current fiscal year. The athletic apparel retailer also saw profits sink by more than...
Dollar Recovers as US Stock Rally Stalls, Import Prices Pose Challenge
The strong rally in US stocks seen yesterday appears to lack follow-through momentum, with futures indicating a flat open today. The benchmark 10-year yield is fluctuating within a tight range, and Dollar is broadly recovering as selling momentum wanes. The strong...
U.S. industrial output flat in April
Industrial production was flat in April, the Federal Reserve reported Thursday.
USDInd, Soybean & EU50 hit targets! :: InvestMacro
USDInd bears take home 600 points!Soybean: No fireworks but H1 bullish target hit!EU50 secures ALL 4 bearish targetsThe recent resurgence of the meme-stock mania and cooling US inflation data have certainly made this an eventful week for markets!And more volatility...
Walmart’s stock jumps toward a record after a grand-slam earnings report
Walmart’s stock rallied into record territory Thursday, after the discount retail giant hit a grand slam with its fiscal first-quarter earnings report, boosted by a big jump in e-commerce sales.
Neuralink has faced issues with its wires for years: Reuters sources
Jonathan Raa | Nurphoto | Getty ImagesNeuralink's disclosure last week that tiny wires inside the brain of its first patient had pulled out of position is an issue the Elon Musk company has known about for years, according to five people familiar with the matter.The...
US import price index rises 0.9% mom in Apr, highest since Mar 2022
US import price index rose 0.9% mom in April, well above expectation of 0.2% mom. That’s also the highest 1-month increase since March 2022. Over the past 12 months, import prices rose 1.1% yoy, highest since December 2022. Export price rose 0.5% mom, 1.0% yoy. Full...
Anichess announces strategic partnership with esports giant Team Secret
Anichess Collaborates with Team Secret Anichess, a subsidiary of Animoca Brands and an innovative chess-based online strategy game developed in collaboration with Chess.com and Magnus Carlsen, a five-time World Chess Champion, announced a...
Money advice needed a makeover. Inside the rise of the female ‘finfluencer.’
Money gurus have rarely addressed all the ways that factors like culture, race and gender impact our financial habits. These young women built huge online platforms doing it — and proved there’s big business in taking the finger-wagging out of personal finance.
Instagram co-founder Mike Krieger joins Amazon-backed Anthropic
Omar Marques | Lightrocket | Getty ImagesInstagram co-founder Mike Krieger will join artificial intelligence firm Anthropic as chief product officer, the company announced Wednesday.Krieger, the former chief technology officer of Meta-owned Instagram, grew the...
Fed’s Williams: Monetary policy in a good place, no need to tighten today
In a Reuters interview, New York Fed President John Williams expressed confidence in the current state of monetary policy, stating that it is “in a good place.” He highlighted the positive mix of economic data, noting strong consumer spending, business investment, and...
Sumsub makes its Non-Doc Identity Verification solution available in Norway and Denmark
Sumsub, a global full-cycle verification provider, today announced its Non-Doc Identity Verification solution is available in Norway and Denmark, making it now accessible to over 2.9 billion people across four continents – Africa, Eurasia, North and South America....
Which bank is offering highest fixed deposit rate; SBI HDFC Bank, ICICI Bank, PNB, Canara Bank, Axis Bank, ET BFSI
The State Bank of India has hiked its fixed deposit interest rates on select tenures below one year. The new rates are effective from May 15, 2024. HDFC Bank, Canara Bank and ICICI Bank revised their FD interest rates in February 2024. Axis Bank revised its FD rates...
Canada Goose’s stock soars as earnings beat offsets soft guidance
Canada Goose says it will focus on expanding its core product line beyond the parka, and change its approach to marketing by investing in direct-to-consumer operations.
Half-million school buses could be an EV powerhouse feeding the grid
The nightlife of school buses is about to get more interesting.Zum, which provides student transportation including EV buses to 4,000 schools across the country, is partnering with the Oakland Unified School District to start selling power stored in EV batteries back...
Binance to Support Neutron (NTRN) Network Upgrade
Binance Announces Support for Neutron (NTRN) Network Upgrade Global cryptocurrency exchange platform, Binance, has announced its support for the upcoming Neutron (NTRN) network upgrade. According to the company's official announcement,...
ECB’s Centeno: Interest rate will come down
ECB Governing Council member Mario Centeno stated at a news conference today that Eurozone inflation rate’s fall towards the 2% target is “real,” and assured that the monetary policy interest rate will decrease. “The market expects that the interest rate reduction...
Marex registers 12% Q/Q increase in revenues in Q1 2024
Marex Group plc, a diversified global financial services platform, today provided a trading update for the three months ended March 31, 2024. First quarter performance continued to improve across the Group as compared to the fourth quarter of 2023. Marex generated...
RBI warns NBFCs a mode they use for giving loans may bring grief, ET BFSI
The Reserve Bank of India has cautioned the country's non-bank finance companies against getting over-reliant on algo-based credit models or they may regret later."It is crucial to recognize that rule-based credit engines are only as effective as the data and criteria...
Deere’s stock slides after agriculture equipment maker again lowers guidance
Deere & Co. Inc.’s stock tumbled 5.5% early Thursday, after the maker of agricultural and construction machinery posted better-than-expected earnings for its fiscal second quarter but offered guidance that fell short of estimates.
Dell stock surges on optimism it has big AI server orders
Michael Dell, Chairman and CEO of Dell Technologies, is speaking at the Mobile World Congress 2024 in Barcelona, Spain, on February 27, 2024.Joan Cros | Nurphoto | Getty ImagesDell shares rose more than 11% on Wednesday to an all-time high after Morgan Stanley raised...
U.S. questions China’s no-first-use nuclear call given buildup
China has not responded to U.S. nuclear-weapons risk-reduction proposals and Washington has questions about Beijing's call for no-first-use talks while China continues to build up its arsenal, the top U.S. arms control official said on Wednesday. Under Secretary of...
JPY Has Sharply Strengthened
The yen’s exchange rate rose to the US dollar on Thursday in response to improving prospects for the Federal Reserve interest rate. The USDJPY pair has declined to 153.88. After the US released up-to-date data on April inflation, the likelihood of a reduction in the...
How to Fund Your Business From Investors with Lisha Bell » Succeed As Your Own Boss
In this episode, Melinda Emerson chats with Lisha Bell about her journey into angel investing and venture capital. They delve into understanding different types of investors, common mistakes in seeking investment, and strategies for securing angel investors. They also...
Binance Adds New Trading Pairs and Bot Services, including CRV, PEOPLE and ARKM
Binance Expands Trading Options In an effort to expand its range of trading options and enhance user experience, Binance, one of the world's leading cryptocurrency exchanges, has announced the addition of new trading pairs. The new pairs...
Here’s what Druckenmiller did as he sold Nvidia — it’s a risky bet on an unloved asset
Stanley Druckenmiler’s Duquesne Family Office, Druckenmiller made a bullish bet on small caps in the first quarter. And those stocks have been most unloved.
Bitcoin having best day since March following cooler April inflation reading
Nicolas Economou | Nurphoto | Getty ImagesBitcoin jumped with stocks on Wednesday after the April consumer price index showed inflation eased from the previous month.The price of the cryptocurrency rose more than 7% to $66,124.59, according to Coin Metrics, and its...
Hong Kong SFC Expands Master-Feeder ETFs Offerings
SFC Introduces Expanded Master-Feeder ETFs in Hong Kong In a significant move towards broadening the investment landscape in Hong Kong, the Securities and Futures Commission (SFC) has unveiled an expanded range of master-feeder Exchange...
X-Change Financial Access to pay $130k fine for alleged violations of Cboe rules
X-Change Financial Access, LLC (XFA) has agreed to pay a fine of $130,000 as a part of a settlement with Cboe Exchange, Inc. During the Review Period (in or about March 2023 through in or about March 2024), XFA failed to immediately and/or continuously represent...
Axis Bank to groom LGBTQIA+ talent for careers in banking, ET BFSI
Mumbai: Axis Bank has launched a new talent acquisition programme that would tap individuals from the LGBTQIA+ community from any college campus in India for grooming them for a career in banking.The ‘ARISE ComeAsYouAre’ open campus programme is focused on...
EUR/GBP Daily Outlook – Action Forex
Daily Pivots: (S1) 0.8570; (P) 0.8585; (R1) 0.8595; More… EUR/GBP’s break of 0.8585 minor support argues that rebound from 0.8529 has completed at 0.8619. Intraday bias is back on the downside for 0.8529 support. Decisive break there will argue that larger down trend...
European Central Bank says stress in home loans manageable despite high rates, ET BFSI
Representative ImageFRANKFURT: Stress in the euro zone market for home loans is "manageable" despite higher interest rates stretching borrowers and lax checks by some banks, the European Central Bank said on Wednesday.Record high interest rates, imposed by the ECB to...
Go Digit Insurance IPO subscribed 50% so far on Day 2. Check GMP & other details, ET BFSI
The initial public offer (IPO) of Go Digit Insurance was subscribed 50% so far around 12:20 pm on second day of the bidding process on Thursday.The retail portion was fully subscribed at 2.03 times around this time while the non-institutional investors' portion was...
April CPI data was ‘positive’ after recent disappointments, New York Fed president says
New York Fed President John Williams said April’s inflation data was a “positive” development after a string of disappointments, as he said the overall price trend “looks reasonably good.”
These wall-climbing robots are finding flaws in D grade infrastructure
The collapse of Baltimore's Francis Scott Key Bridge earlier this year and an I-95 overpass in Philadelphia last June weren't triggered by structural flaws — a runaway, powerless ocean ship and tanker fire were the culprits. But the disasters were the latest examples...
No longer in life-threatening condition
Slovakia's Prime Minister Robert Fico walks during the European Council summit at the EU headquarters in Brussels, on April 18, 2024. Kenzo Tribouillard | Afp | Getty ImagesSlovakia's populist Prime Minister Robert Fico is expected to survive a multiple-shot...
EUR/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 167.99; (P) 168.70; (R1) 169.30; More… Intraday bias in EUR/JPY is turned neutral with current retreat. On the downside, break of 166.73 support will argue that corrective pattern from 171.58 has started the third leg. Deeper fall would then be seen...
FCA brings charges against ‘finfluencers’ for promoting unauthorised FX trading scheme
The UK Financial Conduct Authority (FCA) has brought charges against nine individuals in relation to an unauthorised FX trading scheme promoted on social media. Emmanuel Nwanze has been charged with running an unauthorised investment scheme and issuing unauthorised...
‘Our children don’t have the discipline to manage their own money’: My wife and I have $4.5 million saved for retirement. How long will this last?
“It’s time to leave a legacy for our two adult children and our grandchildren.”
Private bank margins endure despite transmission on deposit rates, ET BFSI
The Net Interest Margin (NIM) for PVBs declined by 34 bps y-o-y and stood at 3.60%, as the rising cost of deposits impacted the NIM margin.Net Interest Income (NII) of select Private Banks (PVBs) grew by 16.3% year-on-year (y-o-y) to Rs. 0.75 lakh crore in Q4FY24 due...
Meta slapped with formal EU probe over child safety risks
Mark Zuckerberg, CEO of Meta testifies before the Senate Judiciary Committee at the Dirksen Senate Office Building on January 31, 2024 in Washington, DC.Alex Wong | Getty ImagesFacebook parent company Meta on Thursday was hit with a major investigation from the...
OKX Announces Support for New USDC Spot Trading Pairs
OKX Introduces New USDC Spot Trading PairsLeading cryptocurrency exchange OKX has announced it will support new USDC spot trading pairs, further bolstering the growth of the USDC ecosystem. This move aims to meet the diverse trading...
Russia-China relations are ‘stabilizing’ for world
BEIJING, CHINA - MAY 16: (RUSSIA OUT) Russian President Vladimir Putin (L) and Chinese President Xi Jinping (R) talk during a bilateral meeting on May 16, 2024, in Beijing, China. Russian President Vladimir Putin is in China for a two-day state visit. (Photo by...
GBP/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 195.88; (P) 196.49; (R1) 197.11; More… Intraday bias in GBP/JPY is turned neutral with current retreat. On the downside, break of 194.74 support will suggest that corrective pattern from 200.53 has started the third leg. Deeper fall would be seen...
Ubisoft shares slump after guidance disappoints
Shares of “Assassin’s Creed” maker Ubisoft Entertainment plunged Thursday after the group set guidance below analysts’ expectations for the current quarter, signaling a slow start to the new fiscal year following a strong fourth quarter.
Cisco (CSCO) Q3 earnings report 2024
Chuck Robbins, chief executive officer of Cisco, participates in a Bloomberg interview at the World Economic Forum in Davos, Switzerland, on Jan. 17, 2024.Stefan Wermuth | Bloomberg | Getty ImagesCisco reported earnings and revenue for the fiscal third quarter that...
Belgium’s FSMA issues warning against fraudulent trading platforms
The Financial Services and Markets Authority (FSMA) of Belgium today issued a warning against fraudulent trading platforms. These platforms are all over the Internet, trying to lure investors with promises of quick and easy earnings. How does a fraudulent trading...
PVBs bullish on branch expansion while public sector banks go slow, ET BFSI
While banks from SBI to Bank of Maharashtra are making significant investments in digital infrastructure to improve their customer experience, data gathered by ETBFSI suggests that private banks have been investing heavily on branch expansion, and are more bullish on...
BT Group shares soar after price increases boost revenue
BT Group shares soared Thursday, leading the FTSE 100 index’s gainers after the company said revenue for its fiscal year was boosted by price increases.
Palo Alto Networks will buy IBM QRadar cloud security software assets
Palo Alto Networks is buying cloud security software assets from IBM as part of a broader partnership that will give the cybersecurity company access to more consultants and a bigger customer base.In a joint press release, the companies said Palo Alto is acquiring...
Elliott Wave Analysis on SPX Looking to Extend Higher in Impulsive Structure
Short Term Elliott Wave in SPX suggests that the Index ended wave (4) pullback at 4953.98. From there, it rallies higher in wave (5) as a nesting impulse Elliott Wave structure. Up from wave (4), wave ((i)) ended at 5121.45 and dips in wave ((ii)) ended at 5013.45....
BitMEX to List NOTUSDT Perpetual Swap with 10x Leverage
BitMEX Announces NOTUSDT Perpetual Swap ListingBitMEX, a leading cryptocurrency derivatives trading platform, has announced the imminent listing of a new perpetual swap - NOTUSDT. This new listing will provide traders with the opportunity...
Saudi-Israeli normalization obstacle is two state solution: former CIA
Gen. David Petraeus, Former CIA Director, Fmr. Central Commander and American commander in Iraq.Adam Jeffery | CNBCA two-state solution to the Israel-Palestinian conflict is "elusive" right now, according to former CIA director David Petraeus, adding that it is also...
Best Stories of the last 5 years, BFSI News, ET BFSI
Editor's View:1) Digital Lending: What if customers Buy Now but Don't Pay Later?2) Tomato and Thalinomics3) From Unicorn to Cockroach4) How much Earth does man need?5) Cyber monster is growing and Frankenstein is confusedBanking :1) Adding a game to banking2)...
EBS FX trades now supported in CME STP Trade View
Effective immediately, EBS FX trades are now supported in the CME STP Trade View application. CME STP Trade view has been enhanced with Profile support. EBS clients can use the predefined profile that is tailored for EBS trades and have the ability to save custom...
There’s No Such Thing as Cutting Spending
There's no such thing as cutting spending. No really, there's no such thing. You can't cut spending. It's impossible. So why try? It's an exercise in futility.Allow me to explain.Let’s say you come to me and say, “You know, we're spending $1,000 a month on groceries,...
Ray Dalio believes there’s a 35-40% chance of a civil war in the U.S.
Bridgewater Associates’ founder Ray Dalio believes the U.S. is “on the brink” of a civil war and sees a 35-40% possibility of an internal conflict breaking out.
Microsoft offers relocation to hundreds of China-based AI staff
A man walks past Microsoft's local headquarters in Beijing on July 20, 2021. Noel Celis | Afp | Getty ImagesMicrosoft has reportedly asked China-based cloud computing and artificial intelligence operations employees to consider relocating out of the country, as...
IIFL Finance raises Rs 1,271 crore through rights issue, BFSI News, ET BFSI
New Delhi, IIFL Finance on Wednesday said it has raised Rs 1,271 crore through a rights issue as part of efforts to raise capital to fund business growth. The decision to raise capital through a rights issue was made following the RBI's ban on March 4, which...
AUDUSD Eases After Bullish Spike to 4-Month High
AUDUSD jumps above trading range MACD indicates more gains; but RSI heads south 20- and 50-day SMAs post bullish cross AUDUSD posted a strong bullish day on Wednesday, showing some more upside pressure today, towards a fresh four-month high, exiting from the...
Top Web3 Expert skills required in 2024
The transition of the world into the era of digital transformation has induced significant changes in business operations and everyday lives of people. One of the most prominent trends that has been silently transforming the technological landscape is web3. It is a...
Cisco’s stock rises as demand stabilizes and revenue outlook impresses
“Customers are consuming the equipment shipped over the last few quarters in line with our expectations,” Cisco’s CFO said.
China is still an important market, says Peak XV, formerly Sequoia India
Shailendra Singh.Lionel Ng | Bloomberg | Getty ImagesChina will remain an important market for investors in the long term, even if other countries are now benefiting from investments flowing out of China amid escalating tensions with the U.S., according to Peak XV...
Latest news on Russia and the war in Ukraine
Russia and China's relationship is more complicated than meets the eye, analysts sayRussia's relationship with superpower China is in the spotlight as President Vladimir Putin meets his Chinese counterpart Xi Jinping in Beijing.Both countries' ties with the West have...
Dollar Selloff Continues as Risk-On Sentiment Drives US Stocks to New Highs
Dollar faced broad sell-offs overnight and continued to weaken in Asian session. Investors breathed a sigh of relief after US CPI data indicated that disinflation is progressing, which has reignited speculation about near-term rate cuts by Fed. Or at least, another...
Binance Announces Adjustment of Tick Size for Spot Trading Pairs
Binance Adjusts Tick Size for Spot Trading Pairs In a bid to increase market liquidity and improve overall trading experience, leading cryptocurrency exchange Binance has announced adjustments to the tick size (the minimum change in the...
Italy’s CONSOB blocks access to websites of SeguroFX and Sigma Capital
Italy’s Companies and Exchange Commission (CONSOB) has issued orders for the blocking of access to five unauthorised investment websites. In issuing the orders, the Authority availed itself of the powers deriving from the “Decreto crescita” (“Growth Decree”; Law no....
EOS: Bitcoin’s Capabilities to be Extended with New ‘Docking Layer’ exSat
EOS Network Foundation Unveils exSat Whitepaper The EOS Network Foundation, led by Executive Director and Founder Yves La Rose, has revealed the whitepaper for exSat, a powerful new 'Docking Layer' designed to extend the capabilities of...
PFC examining RBI’s draft norms on project financing, sees no impact on profitability, ET BFSI
State-run Power Finance Corporation (PFC), the country's largest lender to the power sector, said the Reserve Bank's recent draft guidelines on infrastructure project financing will not impact its profitability.The company said it has sufficient capital adequacy to...
Rupee to open higher after data boosts odds of Fed rate cuts, BFSI News, ET BFSI
By Nimesh VoraMUMBAI - The Indian rupee will open higher on Thursday after weak U.S. retail sales and cooling U.S. inflation made it more likely that the Federal Reserve will cut rates later this year. Non-deliverable forwards indicate the rupee will open at...
FX option expiries for 16 May 10am New York cut
There are a few to take note of, as highlighted in bold.And they are all for EUR/USD layered from 1.0845 through to 1.0900. The upper bound in particular is a notable one, acting alongside offers in pinning price action down for now. But with a thick layer of expiries...
Warren Buffett’s Berkshire Hathaway reveals Chubb as ‘mystery stock’ purchase
Berkshire Hathaway revealed in a filing that it had accumulated nearly 26 million shares of insurer Chubb Ltd. as of the end of the first quarter.
India offers a ‘very favorable’ environment for firms to IPO, Peak XV says
Shailendra Singh, managing director of Peak XV Partners.Lionel Ng | Bloomberg | Getty ImagesIndia offers a "very favorable" environment for companies to launch initial public offerings, said Shailendra Singh, managing director at Peak XV Partners, formerly Sequoia...
Walmart (WMT) Q1 2025 earnings
People walk near the entrance of a Walmart store in Miami, Florida, on May 14, 2024.Joe Raedle | Getty ImagesWalmart will report earnings on Thursday, as investors look to the nation's largest retailer to gauge the health of American consumers and the strength of the...
Australian Dollar Higher, Wage Growth Dips Lower
The Australian dollar has extended its gains on Wednesday. AUD/USD is up 0.24%, trading at 0.6642 in the European session at the time of writing. Has Australia’s wage growth peaked? Australian wages rose less than expected in the first quarter, a sign that...
Biden’s tariffs on Chinese EVs may not deter growing threat
U.S. President Joe Biden announces increased tariffs on Chinese products to promote American investments and jobs in the Rose Garden of the White House on May 14, 2024 in Washington, DC. Win Mcnamee | Getty ImagesDETROIT — President Joe Biden's plan to quadruple...
Biden’s banking rules will fuel inflation, lawmakers say
The banking industry has pulled out all the stops in its fight against new regulations that it argues will raise consumer prices for utilities, groceries and housing — and its campaign is convincing powerful lawmakers on both sides of the aisle.
Uber announces Uber Shuttle, Uber Caregiver, Costco perks
Uber on Wednesday announced several new product updates at the company's annual Go-Get showcase in New York City that aim to help its customers save money on rides and food.The product updates reflect Uber's continued push to drive growth and demand across its...
Match-Prime Liquidity names Michael Nichols as CCO
Match-Trade Technologies and its strategic partner Match-Prime have announced that following the opening of a representative office in Dubai at the beginning of the year, the group is making some changes in strategic management positions. Michael Nichols, who has led...
Gold Technical: Stagflation Risk and Softer US 10-year Treasury Real Yield Supporting Bulls
Stagflation risk has led to a softer US 10-year Treasury real yield below 2.38%. The 6% decline of Gold (XAU/USD) from its recent all-time high in April may have reached an inflection point to kickstart another potential medium-term impulsive bullish sequence. Watch...
Netflix ad tier has 40 million users
Rafael Enrique | Lightrocket | Getty ImagesNetflix's cheaper, ad-supported tier has amassed 40 million global monthly active users, the company said Wednesday.That's nearly double the 23 million figure the streaming giant shared in January.Separately, Netflix...
Wall Street hates REITs like it’s 2009
BofA Securities survey shows that fund managers are staggeringly underweight in real-estate investment trusts.
Cosmos Hub Approves $1 Million Grant to Dora Factory for Quadratic Funding Initiative – Blockchain News, Opinion, TV and Jobs
Singapore, Singapore, May 15th, 2024, Chainwire A major event in Cosmos is the recent passing of Governance Proposal No.917: a request by Dora Factory and DoraHacks for a $1 million grant from the Cosmos Hub community treasury. This grant will support ten rounds of...
US CPI slows to 3.4% in Apr, core CPI down to 3.6%
US CPI rose 0.3% mom in April, matched expectations. CPI core (ex food and energy) rose 0.3% mom, matched expectations. Energy index rose 1.1% mom while food index was unchanged. Over the 12-months, CPI slowed from 3.5% yoy to 3.4% yoy , matched expectations. CPI core...
Silver posts highest close in 11 years, gold at 3-week high as CPI data show slowdown in inflation
Silver futures post their highest settlement since 2013 on Wednesday, and gold futures rallied, after U.S. government data revealed a slowdown in the rate of inflation, feeding expectations for interest-rate cuts this year.
Cypriot regulator withdraws CIF authorisation of Fintailor Investments
The Cyprus Securities and Exchange Commission (CySEC) has withdrawn the Cyprus investment firm (CIF) authorisation of Fintailor Investments Ltd. The decision, which was made by the regulator at a meeting held on 15th April 2024, was announced today. The regulatory...
McDonald’s $5 value meal starts June 25, last about a month
A McDonald's store sign in Austin, Texas, Oct. 30, 2023.Brandon Bell |Getty ImagesMcDonald's is set to offer a $5 value meal in the U.S., but only for a limited time.The promotion will include four items for $5 — a McChicken or McDouble, four piece chicken nuggets,...
Dell’s stock is having a milestone day. Here’s why Morgan Stanley is so bullish.
Dell’s market value is set to exceed $100 billion if current gains carry through to the close.
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 156.09; (P) 156.43; (R1) 156.78; More… USD/JPY’s break of 155.25 minor support argues that rebound from 151.86 has completed already. Fall from 156.78 is seen as the third leg of the corrective pattern from 160.20 high. Intraday bias is back on the...
Bitcoin climbs above $65,000 and carves out an intriguing chart pattern
Bitcoin is having its best day in two weeks, climbing 5% as part of a broad rally in global risk assets.The chart caught my eye as it may be tracing out an inverted head-and-shoulder pattern, one that would target a move to $75,000.bitcoin dailyA speculative fever may...
Trading.com to pay $50k fine to settle NFA charges
The United States National Futures Association (NFA) has just published information on its recent enforcement actions. On February 27, 2024, NFA’s Business Conduct Committee (BCC) issued a Complaint against Trading.com Markets Inc. (Trading.com). The Complaint charges...
AMC meme-stock rally ‘is just pure hype,’ analyst says
This week’s meme-stock rally sent shares of AMC and GameStop skyrocketing, fueled by the return of Keith Gill, also known as Roaring Kitty, to social media.
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.9047; (P) 0.9074; (R1) 0.9094; More…. USD/CHF is holding above 0.9005 support and intraday bias remains neutral first. Further decline is expected as long as 0.9101 resistance holds. On the downside, break of 0.9005 will resume the fall from...
Top Three Mobile Wallets on Sui Ecosystem Emerge
The Sui blockchain ecosystem showcases the importance of mobile wallets, with three emerging as leaders in the space: Surf Wallet, Nightly, and Sui Wallet. These wallet apps, crucial for user accessibility and adoption, are redefining...
Retail traders are beating big firms in guessing where U.S. interest rates will go next
A look at how individual traders have performed against their bigger counterparts underscores just how much predictive power lies in the hands of Main Street.
Will GameStop, AMC stocks surge even higher? :: InvestMacro
GameStop ↑ 179% this week↑ as much as 32.6% pre-market2nd most traded US stock pre-marketIs meme stock craze here to stay?Heavily bullish on D1 chartIn case you missed it, GameStop and other pandemic-era meme stocks roared back to life!The trigger? “Roaring Kitty”,...
HDFC Bank says 6-7 % of overall annual expenses are on tech, BFSI News, ET BFSI
MUMBAI: Country's largest private sector lender HDFC Bank spends 6-7 per cent of its overall expenses on technology-related aspects every year, a senior official said on Tuesday. Parag Rao, HDFC Bank head for payments and consumer finance, said the bank has been...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2538; (P) 1.2565; (R1) 1.2621; More… GBP/USD’s rebound from 1.2298 resumed by breaking through 1.2633 and intraday bias is back on the upside. Further rise should be seen to 1.2708 resistance first. Firm break there will pave the way back to...
Sei V2 Launch: A Comprehensive Guide
Introducing the Sei V2 LaunchThe highly anticipated Sei V2, a proposed upgrade to the live blockchain, is on the horizon. This upgrade is expected to bring the first highly performant parallelized EVM into production, pending a Governance...
ETFSwap (ETFS), Pepe (PEPE), And Toncoin (TON) Are Among The Top 5 Best Altcoins Of 2024 – Blockchain News, Opinion, TV and Jobs
Discover why ETFSwap (ETFS), Pepe (PEPE), and Toncoin (TON) have been identified as the best altcoins for 2024. Identifying suitable projects to invest in can be tedious but is imperative for investors. However, we have carefully analyzed market trends, and our...
GameStop and AMC’s stock were halted 38 times on Tuesday. This expert has been arguing for decades that halts don’t work.
Charles M.C. Lee, professor emeritus at the Stanford Graduate School of Business, has been questioning the wisdom of trading halts for some time.
Feds charge brothers in $25 million cryptocurrency heist that took 12 seconds
Jonathan Raa | Nurphoto | Getty ImagesThe Department of Justice on Wednesday announced the indictment of two brothers for allegedly stealing $25 million in cryptocurrency within roughly 12 seconds.Anton Peraire-Bueno, 24, and James Pepaire-Bueno, 28, were arrested on...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0783; (P) 1.0804; (R1) 1.0842; More… Intraday bias in EUR/USD remains on the upside as rise from 1.0601 is in progress. Firm break of 1.0884 will pave the way to 1.0980 resistance next. On the downside, below 1.0812 minor support will turn...
Leading Security Founders Discuss Potential of Generative AI
Generative AI: A Game-Changer in the Security Industry Founders of prominent security startups have recently shed light on the potential impact of generative AI in the tech industry. The discussion took place on the AI + a16z podcast,...
iSAM Securities adds StanChart, Citi execs to eTrading team
London based prime-of-prime broker and liquidity solutions provider iSAM Securities has announced that it has recently expanded its global e-Trading team with the introduction of James Gavin in the London office, while Nathalie Bijlsma and Richie Westerlind join in...
SC holds that interest free/concessional loans provided to bank employees is a taxable perquisite, ET BFSI
MUMBAI: In its recent order, a division bench of the Supreme Court (SC) has held that provision of interest free or concessional loans provided by banks to its employees shall be taxable in their hands as a perquisite under section 17 of the Income-tax (I-T) Act. This...
Mizuho still recommends Terns Pharma as a cheap entry to the weight-loss-drug craze
Mizuho analysts are betting the stock of the small biotech Terns Pharmaceuticals Inc. could rally sharply if the company’s oral weight-loss drug proves successful when data from an early-stage trial is released later this year.
How to Use Form 8832 to Select Your Business Classification
When you start a business, choosing the right organizational structure is key. Your business structure determines how your business is owned and operated. Filing Form 8832 may be part of the process of starting a new business. However, even if your business is several...
U.S. Retail Sales Starts Q2 on a Subdued Note
Retail sales came in flat for the month of April. Additionally, March’s growth was revised downward to a 0.6 % gain (previously 0.7%). The reading was lower than the consensus forecast calling for a modest increase of 0.4% Trade in the auto sector was down -0.8% m/m,...
Nio’s Onvo brand undercuts Tesla Model Y
Chinese electric car company Nio launched its lower-cost brand Onvo on Wednesday, May 15, 2024, in Shanghai, China.CNBC | Evelyn ChengSHANGHAI — Chinese electric car company Nio revealed Wednesday that the first car for its new, lower-priced brand, Onvo, will be about...
Judge rejects Hunter Biden’s bid to delay June trial on gun charges
Hunter Biden, son of U.S. President Joe Biden, arrives at the White House December 19, 2023 in Washington, DC. President Biden and family spent the weekend in Wilmington, Delaware.Drew Angerer | Getty Images News | Getty ImagesHunter Biden's federal gun case will go...
The soft economic data has been bad. The hard data is starting to weaken as well.
Surveys of consumers as well as businesses have been pessimistic for some time. Now the hard data, such as the retail-sales report for April, is starting to weaken as well, though it’s still much better than what the so-called soft data is suggesting.
Stock traders pay attention to these 2 long-range climate forecasts :: InvestMacro
By Derek Lemoine, University of Arizona To understand how important weather and climate risks are to the economy, watch investors. New research shows that two long-range seasonal weather forecasts in particular can move the stock market in interesting ways.We often...
PSU banks’ profit jumps over 4 times in 3 years to Rs 1.4 lakh crore in FY24, ET BFSI
Showcasing a sharp earnings turnaround on asset quality improvements, robust margins and strong loan book growth in a multi-year credit upcycle, the combined net profit of all 12 PSU banks has zoomed nearly 4.5 times in just 3 years to record high levels of Rs 141,203...
Bitwise Explains Bitcoin ETF Mechanics: A FAQ Guide
Bitwise Investments, the largest crypto index fund manager in America, has released a comprehensive guide answering frequently asked questions about the mechanics of Bitcoin ETFs. The firm's President, Teddy Fusaro, took the lead in...
US: Core Inflation Cools to Near Three-Year Low in April
The Consumer Price Index (CPI) rose 0.3% month-on-month (m/m) in April, a tick below the consensus forecast. On a twelve-month basis, CPI inflation edged lower by 0.1 percentage points to 3.4%. Higher gasoline prices (+2.8% m/m) were partly responsible for the uptick...
SunPower’s ‘extreme’ meme-stock surge has this analyst predicting a steep fall
Wolfe Research analyst Steve Fleishman sees darker days ahead for SunPower shares after they’ve gotten caught up in the meme-stock momentum.
U.S., EU and NATO decry Georgia’s decision to adopt ‘Russian law’
Georgian President Salome Zurabishvili delivers a speech during an gathering celebrating Europe Day outside her residence in Tbilisi on May 9, 2024. (Photo by Vano SHLAMOV / AFP) (Photo by VANO SHLAMOV/AFP via Getty Images)Vano Shlamov | Afp | Getty ImagesGeorgian...
Finalto unveils new offices in Singapore
Finalto Asia Pte Ltd has announced its relocation to a new office at 79 Anson Road UE BizHub, Singapore. The company said that this expansion underscores Finalto’s commitment to strengthening its presence in Asia and its dedication to being a truly global financial...
‘I feel ashamed’: A real-estate agent says my childhood home smells of dogs, which will put buyers off. Is this a ploy to lower the price?
“I have a very good nose, and it smells like the inside of an air freshener.”
Stoxx Europe 600: What Signs of Investor Exuberance Keep Telling Us
Every day, you read news stories about the state of the economy and the stock market affecting consumer and investor behavior. The story goes something like this: When the economy and financial markets show signs of improvement, consumers start to spend more, and...
Amazing to build pan-India bank when country on cusp of exponential growth, says AU SFB founder, MD & CEO Sanjay Agarwal, ET BFSI
Recently, AU SFB completed seven years as a bank. It merged with Fincare last year, significantly strengthening its pan-India play. The bank’s MD and CEO Sanjay Agarwal in an interview with TOI said they always wanted to decode India. With 2,400 touch points, more...
What Income is Taxable and Non-Taxable?
Although our tax system can be complex in some situations, it can also be quite straightforward. You are liable for taxes on your taxable income, and how much you owe is based on the kind of income you have. Most income is taxable income, but there is non-taxable...
MoEngage Launches ‘MoEngage for Financial Services’ at their Flagship #GROWTH Summit in Mumbai, ET BFSI
In a world where exceptional customer experiences are key, enterprises in Financial Services are often stuck with outdated marketing tools that make it difficult for them to offer contextual and personalized digital experiences in real-time.Raviteja Dodda, the CEO and...
Binance Futures Introduces Funding Rate Arbitrage Bot with USDT Rewards
In a significant move for crypto traders, Binance Futures has announced the launch of its new Funding Rate Arbitrage Bot. The bot, aimed at facilitating more efficient trading, is available on the Binance website, with app availability...
AMC’s high-yield bonds are rallying with the stock and offering yields close to 30%
AMC Entertainment Inc.’s bonds were rallying Tuesday and were the biggest gainers in the high-yield space, swept up by the resumption of the meme-stock trend that took hold of markets on Monday.
What Is Form 2553? Become an S-Corp
As a business owner, you have many responsibilities, especially when you’re starting a new business. One of the first things you have to do is select a tax classification for your business or entity. If you want to classify your business as an S corporation (known as...
April CPI: It’s a Start
Summary The first CPI report of Q2 should be seen as welcome news by the FOMC. The headline CPI rose 0.3% in April, a tenth below consensus expectations, while the core CPI also increased 0.3%, in line with expectations but a downshift from the pace registered in Q1....
PBoC kept the interest rate unchanged. The US stock indices rise despite rising manufacturing inflation :: InvestMacro
By JustMarketsAt the end of Tuesday, the Dow Jones Index (US30) rose by 0.32%, while the Samp;P 500 Index (US500) gained 0.48%. The NASDAQ Technology Index (US100) closed positive 0.75%. The S&P 500 (US500) hit a 5-week high and the NASDAQ (US100) hit a 1-month...
Netanyahu stands firm on Rafah offensive despite U.S. tensions
Watch the full interview live on CNBC here.Israeli Prime Minister Benjamin Netanyahu acknowledged tensions with historical ally the U.S. over the military offensive in Rafah in the Gaza Strip, but stood firm that the operation is required to protect Israeli...
Netflix to stream Christmas Day NFL games for three years
The Netflix logo is shown on one of the streaming giant's Hollywood buildings in Los Angeles on July 12, 2023.Mike Blake | ReutersNetflix will stream Christmas Day NFL games for the next three years, in its most significant step yet into live sports.The streaming...
Take these steps to ensure branch manager or any other employee does not run away with your money, ET BFSI
In recent times, there have been numerous reports of bank branch managers and their accomplices absconding with depositors' funds held at the bank. Most of these cases involve bank employees committing fraud against both customers and the bank itself. Hence if you...
Five things to know about meme stocks like GameStop and AMC — and why they’re hot again
Once again, Roaring Kitty is at the center of the meme-stock craze
Binance Introduces Spot Copy Trading Feature
Binance Launches Spot Copy Trading In a significant move, Binance, one of the world's leading cryptocurrency exchanges, has launched Spot Copy Trading. Available on both the Binance website and Binance App, this feature enables users,...
Sunset Market Commentary
Markets Counting down to the key US CPI release, markets clearly positioned for an outcome that kept the door open for a Fed rate cut post summer holidays. US yields already declined about 2.0-3.5 bps in the run-up to the data release. US inflation indeed printed on...
Binance Launches Spot Copy Trading Promotion with 100,000 FDUSD Reward Pool
Binance's New Spot Copy Trading PromotionBinance, a leading global cryptocurrency exchange, has announced a new promotion to encourage users to try out their newly launched Spot Copy Trading feature. The promotion, which runs from 15th...
Exclusive: 26 Degrees hires HFM/24option alum Konstantinos Konstantinou for Cyprus office
FNG Exclusive… FNG has learned that Australia based institutional FX broker and prime services company 26 Degrees Global Markets has hired Konstantinos Konstantinou for its expanding Cyprus office, as Associate Director, Prime Services. Konstantinos Konstantinou joins...
NYCB sells $5 billion loan book to JPMorgan, an ‘important first step’ in turnaround
NYCB’s stock rises 5% in premarket trading after bank announces deal to sell loans to JPMorgan Chase.
Biden challenges Trump to two debates before election
President Donald Trump and Democratic presidential candidate Joe Biden during the final presidential debate at Belmont University in Nashville, Tennessee, on Oct. 22.Jim Watson and Brendan Smialowski | AFP | Getty ImagesPresident Joe Biden on Wednesday challenged...
State Bank of India raises fixed deposit rates by up to 0.75%; check list, ET BFSI
Latest SBI FD rates: Effective May 15, 2024, the State Bank of India (SBI) has increased its fixed deposit (FD) interest rates for both retail fixed deposits below Rs 2 crore and for bulk deposits above Rs 2 crore.Latest SBI Fixed Deposit (FD) Interest RatesFor...
NZDUSD Rallies Beyond Downtrend Line
NZDUSD rises above 200-day SMA too RSI and stochastics suggest more bullish moves NZDUSD is flying above the medium-term ascending trend line and the 200-day simple moving average (SMA), indicating a potential upside recovery. According to the technical oscillators,...
Meme-stock ‘animal spirits’ are overshadowing inflation worries, at least for now
“Animal spirits are alive and well, with traders overlooking concerning inflation data to take advantage of the momentum while it’s intact,” says Tom Bruni of Stocktwits, the social platform for investors and traders.
Justice Department says Boeing breached 2021 agreement over 737 Max
Boeing 737 MAX airplanes are pictured outside a Boeing factory on March 25, 2024 in Renton, Washington. Stephen Brashear | Getty ImagesBoeing violated a 2021 settlement that protected it from criminal charges tied to the fatal 737 Max crashes, opening the company up...
Dollar Drops as CPI Revives Hopes for Fed Rate Cut in Sep
Dollar falls broadly in early US session following the release of CPI data that shows disinflation resumed in April. This has reignited hopes that Fed is on track to start cutting interest rates by September, with Fed fund futures now indicating more than 70%...
Euro climbs to five-week high ahead of US CPI data :: InvestMacro
By RoboForex Analytical DepartmentThe EUR/USD pair reached a five-week high at 1.0822, buoyed by positive market sentiment ahead of today’s crucial US Consumer Price Index (CPI) data release. The report is expected to show a 0.3% month-on-month increase in inflation...
Fetch AI (FET) Advances Blockchain Monitoring with BlockAgent and Chainlink (LINK) Integration
Fetch AI (FET), a renowned AI and blockchain platform, unveiled BlockAgent, a significant advancement in blockchain monitoring. This innovative tool allows users to observe and monitor real-time blockchain activities, thereby enhancing...
Govt advisory over prevailing fake call menace leading to financial frauds, ET BFSI
Representative ImageThe Union Government warned the citizens about the prevailing fake call menace leading to siphoning off of their money. Issuing an advisory on Tuesday, the Department of Telecommunications (DoT), Ministry of Communications, asked citizens not to...
Opening statements in corruption case
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., May 14, 2024. Brendan Mcdermid | ReutersProsecutors and defense attorneys...
Retail sales were flat in April, falling below economists’ expectations
Retail sales were unchanged in April, the Commerce Department said Wednesday. Sales at gasoline stations offset weakness in autos and several other categories.
Amazon goes head to head with media giants in Upfronts ads debut
Rafael Henrique | Lightrocket | Getty ImagesAmazon has become a growing threat to digital ad incumbents Meta and Google, attracting billions of dollars a quarter from brands that are trying to reach the masses of consumers who swarm to the site on a daily basis.But...
EUR/USD – USD/JPY – USD/CAD Technical Analysis Overview ahead of US CPI and Retail Sales
US Consumer Price Index – US CPI The core CPI, which excludes Energy and food products, came in at 3.8% in March, slightly higher than 3.75% in February 2004. The uptick was mainly driven again by a rise in the cost of services. The increase in the cost of the...
Walgreens to offer cheaper opioid overdose drug
A person rides past a Walgreens truck, owned by the Walgreens Boots Alliance, in Manhattan, New York City, on Nov. 26, 2021.Andrew Kelly | ReutersWalgreens on Wednesday said it will offer its own cheaper version of the over-the-counter opioid overdose reversal spray...
Questrade adds TradingView to suite of investment resources
Questrade today announced the addition of TradingView, one of the financial industry’s most sought-after solutions, to its growing list of investment resources for customers. The new integration, which is now live, allows Questrade customers to access TradingView’s...
3M’s new lowered dividend yield is still double the S&P 500’s
3M’s stock pulled back slightly from a 15-month high on Wednesday, after the consumer and industrial products company cut its quarterly dividend by more than half in the wake of the spinoff of its healthcare business.
Sony-backed Raspberry Pi heads for rare London IPO
A Raspberry Pi 2 Model B single-board computer.Olly Curtis | Future Publishing | Future | Getty ImagesBritish computing startup Raspberry Pi on Wednesday said it plans to list in London, in a rare win for the U.K. stock market.Raspberry Pi, which makes tiny...
PFC registers highest annual PAT at 25%, continues as largest NBFC Group, ET BFSI
Power Finance Corporation (PFC) for the Financial Year 2024 registered the highest annual Profit After Tax (PAT) with 25% increase from Rs 21,179 crores in FY’23 to Rs 26,461 crores in FY’24. The company also reported loan growth of 14% year-on-year to Rs 4.81 lakh...
Biden signs bill banning imports of Russian uranium for nuclear fuel
Ready-to-ship canisters filled with enriched uranium at the Urenco USA uranium enrichment facility near Eunice, New Mexico, US, on Tuesday, July 11, 2023. Russia's invasion of Ukraine is forcing the US and Europe to search for alternative sources of enriched uranium...
Binance Integrates USD Coin (USDC) on Base Network
Binance Completes USDC Integration on Base Network Binance, a prominent global cryptocurrency exchange, has announced the successful integration of USD Coin (USDC) on the Base network. With the integration now complete, the exchange has...
Can Australian Labour Data Send Aussie Higher?
Forecasts suggest higher unemployment rate Employment change expected to tick higher Aussie holds within trading range, data due on Thursday at 01:30 GMT Upon being dissatisfied with the RBA’s choice to adopt a neutral position, Australian dollar traders will now...
Oil prices hover near 9-week lows as traders await CPI data
Oil futures edged lower Wednesday after ending the previous session at nine-week lows, with traders awaiting a key U.S. inflation reading and official storage data.
Eurex joins Clearstream & VERMEG partnership to expand use of collateral of GC Pooling
Eurex has joined a partnership with software provider VERMEG to offer clients a unique collateral management solution connecting the Eurosystem Collateral Management System (ECMS), Clearstream’s Triparty services and Eurex’s GC Pooling. This partnership will provide...
Canara Bank shares surge nearly 5% as stock split comes into effect today, ET BFSI
Canara Bank shares surged 4.6% to the day’s high of Rs 118.40 on BSE in Wednesday’s trade as the board’s decision to split the stock in 1:5 ratio came into effect today.For each share equivalent to a face value of Rs 10, the investors were to receive 5 shares of face...
CBI arrests Dheerj Wadhawan in Rs 34,000-crore bank fraud, ET BFSI
The CBI has arrested former DHFL Director Dheeraj Wadhawan in connection with the alleged defrauding of a 17-member lender bank consortium to the tune of Rs 34,000 crore, officials said Tuesday. Wadhawan, arrested from Mumbai on Monday night, was produced before a...
Matured Altcoins Losing Strength – Action Forex
Market Picture Neither the meme mania in equities, the overall positivity in stock indices, nor the weakening dollar seems to be helping cryptocurrencies right now. Crypto market capitalisation is down 0.1% and has been moving around the current $2.29 trillion level...
AMC discloses debt-for-equity swap that will see it issue 23.3 million shares
AMC is exchanging stock for bonds that mature in 2026.
TikTok creators sue U.S. government, say law violates First Amendment
TikTok creators gather before a press conference to voice their opposition to the "Protecting Americans from Foreign Adversary Controlled Applications Act," pending crackdown legislation on TikTok in the House of Representatives, on Capitol Hill in Washington, U.S.,...
Animoca Brands Japan and Quidd Release Digital Collectibles of Manga ‘FAIRY TAIL’
Animoca Brands Japan and Quidd to Roll Out 'FAIRY TAIL' Digital Collectibles On May 24, Animoca Brands Japan, the strategic subsidiary of Animoca Brands in Japan, is set to release digital collectible cards from 'FAIRY TAIL.' The popular...
Robinhood Crypto Launches Staking and Localized Apps for European Market
Robinhood Crypto Expands in Europe with Staking and Localized Apps Robinhood Crypto has announced a series of new features for its European customers, including staking capabilities, localized apps, and updated Learn & Earn modules....
Mortgage rates fall for second week in a row, giving a ‘small boost’ to refinances
Mortgage applications rose 0.5% in the last week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 7.08%.
Tesla sued over air pollution from factory in Fremont, California
An aerial view of the Tesla Fremont Factory on April 24, 2024 in Fremont, California. Justin Sullivan | Getty ImagesTesla is being sued by the nonprofit Environmental Democracy Project, which alleges "ongoing failure to comply with the Clean Air Act" at the electric...
IG Japan to hike margin rates for CFDs on meme stocks
IG Securities, the Japanese subsidiary of electronic trading major IG Group, will increase the margin rates for CFDs based on certain stocks, known as meme stocks. Due to the recent volatility in the meme stock prices, the brokerage has decided to increase the...
GBP/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 196.12; (P) 196.59; (R1) 197.45; More… Intraday bias in GBP/JPY stays on the upside at this point. Rebound from 191.34 is seen as the second leg of the corrective pattern from 200.53. Break of 197.40 will target 200.53 high. But upside should be...
16 fund houses vote in favour of plan and 7 against, ET BFSI
Mumbai: Sixteen domestic mutual funds, which held shares of ICICI Securities, voted in favour of parent ICICI Bank's proposal to delist the broking arm, according to data compiled by primeinfobase.com. Seven fund houses opposed the plan in the voting process held on...
Ind-Ra sees Rs 30,000 crore green securitisation market on EV penetration by 2030, ET BFSI
India Ratings and Research (Ind-Ra) has said that green securitisation could emerge as a potential tool for bridging the deficit and financing the debt required to achieve India’s net-zero goal by 2070. Green securitisation is a securitisation tool used for financing...
Trump jet clipped parked plane after landing in Florida, FAA says
The plane of former US president Donald Trump takes off from Palm Beach International Airport in West Palm Beach, Florida, on April 3, 2023.Chandan Khanna | AFP | Getty ImagesThe wing of the Boeing jet owned by former President Donald Trump struck a parked plane at a...
‘I’m weary of repeating myself’: How do I deal with rich friends who take $22,000 cruises and book $800 hotel rooms? Prices are crazy enough already.
“When one friend made a fuss over wanting to fly business class, I threatened to cancel completely.”
Reddit shares close near record after two-day meme stock rally
Traders work as Reddit's logo is displayed, at the New York Stock Exchange (NYSE) in New York City, U.S., March 21, 2024. Brendan Mcdermid | ReutersReddit shares popped 7% on Tuesday, climbing for a second straight day after retail traders kicked off a buying frenzy...
EUR/USD Sees Green as USD/JPY Gains Bullish Traction
EUR/USD is slowly gaining traction above the 1.0800 level. USD/JPY trimmed almost all losses and showing positive signs above 156.20. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro started a decent increase above the 1.0750 pivot level. There is a...
Interactive Brokers launches crypto trading in the UK
Electronic trading major Interactive Brokers (NASDAQ:IBKR) today announced the launch of cryptocurrency trading in the United Kingdom as a new addition to its platform. Individual and institutional investor clients of Interactive Brokers (U.K.) Limited (IBUK),...
Robinhood to Participate at J.P. Morgan Global Technology, Media and Communications Conference 2024
Robinhood to Join J.P. Morgan Global Tech, Media and Communications Conference Robinhood Markets, Inc. (NASDAQ: HOOD), the financial services company known for its mission to democratize finance, has announced its participation in the...
NBFCs’ profitability to moderate on higher borrowing costs: Moody’s, ET BFSI
NBFCs’ profitability will moderate somewhat in the next 12-18 months as funding costs for them will increase according to ratings firm Moody’s. but the loans extended by them will increase by 15 percent during the period, it said. “ We expect loans at NBFCs to grow...
Is it worth it to own Treasurys right now? These 5 charts might hold the answer.
Whether or not it makes sense to own Treasurys right now has become one of Wall Street’s favorite debates.
Gemini AI updates, new search features and more
Google CEO Sundar Pichai speaks at the Google I/O developer conference. Andrej Sokolow | Picture Alliance | Getty ImagesGoogle on Tuesday hosted its annual I/O developer conference, and rolled out a range of artificial intelligence products, from new search and chat...
Eurozone industrial production rises 0.6% mom in Mar, EU up 0.2% mom
Eurozone industrial production rose 0.6% mom in March, above expectation of 0.5% mom. Industrial production decreased by -0.5% mom for intermediate goods, -0.9% mom for energy, -1.1% mom for durable consumer goods, and -2.7% mom for non-durable consumer goods....
Trump oil CEOs dinner: House Democrat probe
Rep. Jamie Raskin (D-MD) speaks during a House Committee on Oversight and Accountability hearing on Capitol Hill in Washington, DC, on September 28, 2023.Mandel Ngan | AFP | Getty ImagesThe House Oversight Committee's top Democrat asked oil executives to reveal...
NCLAT lifts lien on IL&FS Transportation, ET BFSI
The National Company Law Appellate Tribunal Tuesday ordered lifting of lien on IL&FS Transportation Networks Limited's (ITNL) terming Maharashtra tax department's attachment of the account and creating a lien as contrary to its previous decision.The NCLAT in its...
‘I’m torn’: Is it creepy to give my 13-year-old daughter her late grandfather’s iPhone number?
“It would cost about $200 for a refurbished model.”
Google will ‘sort it out’ if OpenAI misused YouTube for AI
Alphabet CEO Sundar Pichai speaks at the Asia-Pacific Economic Cooperation CEO Summit in San Francisco on Nov. 16, 2023.David Paul Morris | Bloomberg | Getty ImagesAlphabet CEO Sundar Pichai said Google will "sort it out" if it determines Microsoft-backed OpenAI...
FCA charges three individuals over fraudulent CFD trading scheme
The UK Financial Conduct Authority (FCA) has charged three individuals with fraud for their alleged involvement in a high-risk trading scheme, which targeted people’s pension savings. Kristofer McGuire, Keith Williamson and Karla Walker have been charged with multiple...
Are private banks’ valuations attractive?, BFSI News, ET BFSI
Amid challenges private banks are poised to witness improved cost-to-income outcomes as operating leverage comes into play. Steady fee growth and stable credit costs are expected to support return metrics (RoAs/RoEs) comparable to March 2023 levels through FY26....
ECB Rehn reiterates the conditional signal of Jun rate cut
ECB Governing Council member Olli Rehn reiterated that a June interest rate cut is on the table, depending on the progress of inflation. Rehn referred to the April meeting where the ECB gave a “conditional signal” about rate reductions. He elaborated, “If we gain more...
Burberry’s profits plunge as sales slump on slowing luxury demand
Burberry on Wednesday said the slowdown in the luxury goods market hit its sales in the final quarter of 2024 and led to a sharp 34% drop in its full-year profits.
Why bitcoin hasn’t joined the latest meme stock craze this week
R.Tsubin | Moment | Getty ImagesBitcoin isn't running alongside meme stocks as it did three years ago, although this week's stock market action might indicate a big crypto rally is on its way.GameStop and fellow meme stock AMC Entertainment are each up more than 160%...
Binance Adds New Loanable Assets to its Flexible Rate and VIP Loan Services
Binance Introduces New Loanable Assets In a recent announcement, Binance, a globally recognized cryptocurrency exchange and blockchain platform, has introduced new loanable assets on its Binance Loans (Flexible Rate) and VIP Loan...
Russia wants 3 things from China, says FPRI
Russian President Vladimir Putin's meeting with Chinese leader Xi Jinping in China this week is the latest sign of deepening strategic ties between both sides. Putin will make a two-day state visit to China from Thursday at the invitation of Xi, it was announced on...
Indian economy projected to expand at 6.6% in FY25, says Moody’s, ET BFSI
Moody's Ratings stated on Tuesday that the Indian economy is projected to expand by 6.6 per cent in the current fiscal year (FY25). The agency highlighted that strong credit demand, fueled by robust economic growth, will bolster the profitability of the Non-Banking...
TradingView introduces Volume footprint chart type
TradingView has added Volume footprint to the lineup of chart types. The new Volume footprint chart type for Premium and higher-tier plans shows the distribution of trading volume across several price levels within each bar. The information from this chart type helps...
Red Lobster may file for bankruptcy by end of May: report
Red Lobster is expected to file for bankruptcy by the end of the month, according to a new report, which came a day after the seafood restaurant chain abruptly closed dozens of locations.
Investors ‘most bullish’ since Nov 2021
Expectations over interest rate cuts rather than earnings optimism has made investors the "most bullish" since November 2021, Bank of America's monthly fund manager survey for May showed on Tuesday.The survey of global fund managers with $562 billion in asset under...
USDJPY Waits for Next Tailwind Near Key Barrier
USDJPY bulls face limitations ahead of the US CPI inflation figures Short-term risk tilted to the upside, but confirmation required above 156.60 USDJPY recouped more than half of its sharp losses that occurred at the start of the month thanks to the bounce off the...
OpenAI co-founder Ilya Sutskever says he will leave the startup
OpenAI co-founder Ilya Sutskever said Tuesday that he's leaving the Microsoft-backed startup."I am excited for what comes next — a project that is very personally meaningful to me about which I will share details in due time," Sutskever wrote in an X post on...
Future of Crypto in the Next 5 Years: A Deep Analysis
The cryptocurrency revolution has changed many of our conventional notions about financial transactions and the exchange of information. People search for terms like “cryptocurrency future scope” before investing anything in cryptocurrencies. Public-key cryptography...
OpenAI co-founder Ilya Sutskever is leaving the company
OpenAI co-founder and chief scientist Ilya Sutskever is leaving the company, months after losing his board seat following an attempt to oust CEO Sam Altman.
Baidu’s robotaxi unit expects to turn profitable next year
A driverless robotaxi autonomous vehicle developed by Baidu Apollo driving along a street in Beijing.Jade Gao | Afp | Getty ImagesSHANGHAI — Chinese tech company Baidu said Wednesday its Apollo Go robotaxi arm expects to turn profitable next year.The projection comes...
Roaring Kitty meme stock rally may help with debt payments
Cars drive near an AMC Theater in New York City on March 29, 2023.Leonardo Munoz | View Press | Corbis News | Getty ImagesCan AMC Entertainment capitalize on a second meme craze?The stock, alongside GameStop, surged this week after "Roaring Kitty," the man who...
Latest news on Russia and the war in Ukraine
Putin pitches the West as Russia's and China's mutual enemy ahead of talks with XiRussia's President Vladimir Putin has pitched the West and what he called "U.S.-led Western elites" as a mutual enemy of Russia and China, ahead of a two-day visit to Beijing where he...
Dollar Under Pressure as Markets Await Crucial US CPI , Aussie and Kiwi Lead Gains
Dollar remains broadly under pressure during Asian session as markets await the highly anticipated US CPI data. Expectations of Fed rate cuts have been building again since non-farm payroll data indicated a loosening job market. However, for the Fed to consider...
Filecoin (FIL) Celebrates Public Goods and Community Growth
Filecoin, a decentralized storage system, has highlighted the significant growth in its network and the vital role its community plays in the development of public goods. The network has seen exponential growth since its mainnet launch in...
Robinhood Crypto launches Staking in Europe
US neobroker Robinhood (NASDAQ:HOOD) has announced that its Robinhood Crypto unit has launched a series of new features specifically designed for its customers in Europe, including staking (the crypto equivalent of interest on deposits), localized apps, crypto rewards...
Binance: A Comprehensive Overview of The World’s Leading Cryptocurrency Exchange
Overview of Binance Binance, the world's leading cryptocurrency exchange, continues to dominate the global market, serving 169 million registered users in over 180 countries. Known for its low fees and a broad range of cryptocurrencies,...
Shriram Finance shares climb over 5% on sale of housing finance subsidiary, ET BFSI
Shares of Shriram Finance climbed 5% to Rs 2,419 in Tuesday's trade on BSE after the NBFC firm's board approved complete sale of its housing finance unit - Shriram Housing Finance (SHFL) to US private equity firm Warburg Pincus for Rs 4,630 crore.Shriram Finance holds...
India’s sticky inflation gives RBI reason to stay on hold, ET BFSI
India’s steady inflation and the threat of rising food prices will probably keep the central bank on hold for longer, with economists pushing out their expectations for interest rate cuts to later in the year.Consumer prices rose 4.83% in April from a year earlier,...
Wholesale inflation rises to a 13-month high of 1.3% in April, ET BFSI
Food and fuel pushed wholesale inflation to a 13-month high of 1.26% in April compared with 0.53% in the previous month, according to data released Tuesday.“The year-on-year (YoY) WPI inflation hardened to a 13-month high of 1.3% in April 2024 (-0.8% in April 2023)...
North Korea laundered $147.5 mln in stolen crypto in March
Reuters cite confidential work by United Nations sanctions monitors it has sighted. North Korea laundered $147.5 million through virtual currency platform Tornado Cash in MarchAfter stealing it last year from a cryptocurrency exchange, HTX United Nations sanctions...
FX option expiries for 15 May 10am New York cut
There are a couple to take note of, as highlighted in bold.The first being for EUR/USD at the 1.0825 level, which should just help to keep price action more sticky until we get to the slew of US data later. Similarly, there are ones for USD/JPY at 156.00 and AUD/USD...
Child care is now more expensive than rent in all 50 states — ‘There is no escaping it’
The average cost of child care for two children is now greater than the average rent in all 50 states, and greater than the average mortgage payment in 45 states.
USDX Elliott Wave: Forecasting the Decline from Equal Legs Area
Hello fellow traders. In this technical article we’re going to take a quick look at the Elliott Wave charts of Dollar Index, published in members area of the website. As our members know, USDX has ended the cycle from the December’s 2023 low. The index has recently...
Aeroméxico files NYSE IPO with backing from Apollo, Delta Air Lines
Mexico City-based carrier emerged from bankruptcy in 2022 and is generating profits.
JPY Declines Again – Action Forex
The Japanese yen is declining against the US dollar for the seventh consecutive session. The USDJPY pair is approaching the 156.40 mark. Japan’s government is poised for close cooperation with the Bank of Japan on currency market issues. This is needed to avoid...
US, Japanese banks lead fossil fuel financing, BFSI News, ET BFSI
PARIS: The world's biggest banks financed fossil fuels to the tune of $705 billion in 2023, with US and Japanese lenders leading the way, an annual report by climate campaigners said Monday.Since the 2015 Paris climate agreement, the top 60 banks have provided a total...
Capital.com names Rupert Osborne as UK CEO
Continuing to remake its senior management ranks following the departure last year of CEO Peter Hetherington, Retail FX and CFDs broker Capital.com has announced the appointment of Rupert Osborne as CEO of Capital Com UK Limited (Capital.com UK), subject to regulatory...
AMC completed sale $250 million of stock Monday after meme-stock rally
AMC’s stock is surging at a frenzied pace.
Disney+ to stream Caitlin Clark’s WNBA debut with Indiana Fever
Indiana Fever guard Caitlin Clark (22) drives to the basket against Atlanta Dream guard Destanni Henderson (33) during a WNBA preseason game on May 9, 2024, at Gainbridge Fieldhouse in Indianapolis, Indiana.Brian Spurlock | Icon Sportswire | Getty ImagesThe WNBA...
EUR/USD Steady as German Confidence Index Rises
The euro is drifting on Tuesday. EUR/USD is up 0.07% on Tuesday, trading at 1.0798 in the European session at the time of writing. German inflation steady, confidence higher Germany’s inflation rate remained unchanged in April at 2.2% y/y, matching the market...
Union Bank and Bank of India shares drop up to 10% after Q4 results, ET BFSI
Shares of Union Bank and Bank of India slipped 6% and 10%, respectively in Monday’s trade on BSE after the banks’ Q4 results failed to meet Street’s expectations. Union Bank share price fell to the day’s low of Rs 133.40 while Bank of India fell to Rs 123.70.Union...
April CPI unlikely to show much progress on inflation, but it probably didn’t get worse
Inflation in the U.S. is still stubbornly high, and the April report on consumer prices is unlikely to show Americans getting much relief.
Exclusive: Former ETX CEO Arman Tahmassebi leaves LendInvest for COO role at Flagstone
FNG Exclusive… FNG has learned that online retail savings company Flagstone has hired Arman Tahmassebi, as the company’s new Chief Operating Officer (COO). Arman Tahmassebi spent the past five years as COO of online mortgage platform LendInvest. Prior to joining...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0768; (P) 1.0788; (R1) 1.0809; More… EUR/USD is still staying in range below 1.0810 and intraday bias remains neutral at this point. Further rally is in favor as long as 1.0723 minor support holds. On the upside, break of 1.0810 will resume the...
Walmart to lay off, relocate hundreds of corporate workers
People walk near the entrance to a Walmart Supercenter on February 20, 2024, in Hallandale Beach, Florida. Joe Raedle | Getty ImagesWalmart is laying off hundreds of corporate workers across the country as it relocates many employees to its Arkansas headquarters.The...
GameStop in 2024: Another meme-stock bubble or did apes never leave?
The surge in GameStop may bring back memories of early 2021, but today’s investment landscape is fundamentally different.
Google announces lightweight AI model Gemini Flash 1.5 at Google I/O
The logo of the Google I/O developer conference can be seen at the venue in Mountain View, Calif. on May 14th, 2024. Picture Alliance | Picture Alliance | Getty ImagesGoogle is using its annual developer conference to showcase what the company is calling its lightest...
Net profit jumps 35% YoY to Rs 456 crore, ET BFSI
Private sector Karur Vysya Bank on Monday reported a 35% year-on-year jump in March quarter net profit at Rs 456 crore against Rs 338 crore in the year ago quarter, backed by healthy earnings growth.The bank's net interest income for the quarter improved by 11.5% to...
Forex fraud: ROFX owners hit with $225 million court order
U.S. derivatives market regulator Commodity Futures Trading Commission (CFTC) has announced that the Honorable Darrin P. Gayles of the U.S. District Court for the Southern District of Florida issued an order of default judgment against four individuals and five...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2526; (P) 1.2547; (R1) 1.2581; More… GBP/USD is staying in range below 1.2633 and intraday bias remains neutral. Further rise is mildly in favor with 1.2445 support intact. On the upside, break of 1.2633 will resume the rally from 1.2298 to 1.2708...
Stock market could suffer ‘ugly’ day if April CPI comes in above this level
A Wall Street analyst breaks down what would make for a “good, bad or ugly” market response to Wednesday’s CPI data.
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.9057; (P) 0.9072; (R1) 0.9099; More…. Intraday bias in USD/CHF stays neutral and further decline is in favor as long as 55 4H EMA (now at 0.9083) holds. On the downside, break of 0.9005 and sustained trading below 55 D EMA (now at 0.9010) will...
Senior citizen FD rates: Banks offering up to 8.6%
Senior citizen FD rates: For senior citizens looking to grow their savings through fixed deposits (FDs), there's good news: several banks are offering higher interest rates on FDs tailored specifically for them. Plus, seniors benefit from a slightly higher interest...
Home Depot’s sales fall short of estimates as spring selling season sees delayed start
Home Depot Inc.’s stock was down 0.9% Tuesday, after the home-improvement retailer beat profit estimates for the first quarter but saw sales fall slightly short as the spring selling season got off to a delayed start.
JPY declines again :: InvestMacro
By RoboForex Analytical DepartmentThe Japanese yen is declining against the US dollar for the seventh consecutive session. The USD/JPY pair is approaching the 156.40 mark.Japan’s government is poised for close cooperation with the Bank of Japan on currency market...
Bud Light boycott may be losing steam as beer brand holds on to more store shelf space than expected: analyst
Bud Light will continue losing shelf space this summer in the wake of last year’s boycott of the brand, which stemmed from a promotion featuring transgender influencer Dylan Mulvaney, but it won’t lose as much as expected, according to one analyst.
U.S. energy panel agrees to expand transmission of renewable power
Federal energy regulators on Monday approved a long-awaited rule to make it easier to transmit renewable energy such as wind and solar power to the electric grid — a key part of President Joe Biden's goal to eliminate carbon emissions economy-wide by 2050.The rule,...
Sunset Market Commentary – Action Forex
Markets Both interest rate markets and the dollar held a wait-and-see mode this morning with EMU bonds slightly underperforming the US Treasuries. German ZEW investors sentiment again improved more than expected (expectations index from 42.9 to 47.1, the 10th...
Tighter regulations on personal loans and project finance may hurt banks in FY25, ET BFSI
Mumbai: Indian banks, led by state-owned ones, had their best year in fiscal 2024 as growth remained robust and bad loans were at a decadal low, but the current fiscal could be more challenging amid a likely slowdown in credit growth, analysts said.Regulatory changes...
Euronext marks 12.7% Y/Y growth in FX trading revenue in Q1 2024
Pan-European market infrastructure Euronext today published its financial results for the first quarter of 2024. FX trading revenue was up 12.7% at €7.1 million in Q1 2024, supported by growing volumes, slightly offset by a negative volumes mix impact. On a...
Charles Schwab’s total client assets dip 3% during tax season
Money manager cites “client tax disbursements and seasonal advisory fee payments” for drop.
Oil Retreating But Unlikely to Repeat Collapses of 2020, 2014 or 2008
Crude oil has been under pressure over the past four weeks but has been gaining support on the decline to $77 per barrel WTI and $82 per barrel Brent since the beginning of the month. The price has been consolidating in roughly the same area for over a month since the...
3 Ways to Look Up Your EIN Number
The IRS identifies taxpayers by their Social Security numbers, but what about businesses? From small businesses to corporations, every business has an Employer Identification Number — or EIN. When tax season arrives, you need your EIN number to file your business...
China is engaged in ‘deliberate’ efforts to undermine the U.S. and Europe, says EU envoy Gitenstein
Mark Gitenstein, the U.S. ambassador to the EU, said China is deliberately distorting markets with a glut of cheap goods.Speaking to CNBC's Silvia Amaro on Tuesday, Gitenstein said China was "engaged in a deliberate effort to undermine economic sectors in both Europe...
Alibaba’s stock slumps after another profit miss
Alibaba edged past revenue expectations for its latest quarter but fell short on profit, sending its stock lower in Tuesday’s premarket action.
On breakout watch :: InvestMacro
Soybean ↑ 5% month-to-dateInfluenced by various fundamentalsTrapped in range on W1 timeframeKey levels at 1211, 1188, 1170After bouncing within a weekly range since mid-January, FXTM’s new Soybean commodity could be on the brink of a major breakout!Prices are flirting...
Edelweiss, Phoenix among ARCs vying for IOB’s Rs 13,472-crore NPAs, ET BFSI
Mumbai: Several asset reconstruction companies have shown interest in acquiring a nearly ₹13,500-crore loan portfolio of Indian Overseas Bank (IOB), three sources familiar with the development said. Among the ARCs expressing interest are Edelweiss ARC, Phoenix ARC,...
Glassnode: New Metrics Unveiled For Identifying Seller Exhaustion Across Multiple Timeframes
Understanding Seller Exhaustion Crypto market analytics firm Glassnode Insights has introduced a new framework for assessing seller exhaustion across multiple timeframes. The framework, which uses Glassnode's new Breakdown Metrics, allows...
Could This DeFi Gem Be the Next Big Pick? – Blockchain News, Opinion, TV and Jobs
Besides accumulating established cryptocurrencies like Ethereum (ETH), Solana (SOL), and XRP, crypto whales are also known for hunting newer coins like RCO Finance (RCOF). Besides accumulating established cryptocurrencies like Ethereum (ETH), Solana (SOL), and XRP,...
Fed’s Powell sees good picture in US economy, cautions on disinflation
Fed Chair Jerome Powell, speaking at an event in Amsterdam, characterized the recent US economic data as presenting a “good picture.” He noted that the labor market is showing signs of “gradual cooling” and moving toward “better balance.” However, he pointed out that...
Residential Clean Energy Credit 101: A Comprehensive Guide
From hybrid cars to solar power, clean energy is becoming commonplace. More homeowners than ever are investing in solar power and other clean energy sources. The cost of solar panel installation is an obstacle for many homeowners. Fortunately, you can save with the...
GameStop still soaring on meme rally, but beware the end of the ‘buying frenzy’
Shares of GameStop Corp. have skyrocketed in the last two days, lifted by the return of influential investor and analyst Keith Gill to social media, but investors should beware the end of the “buying frenzy,” say experts.
Prosecutors ask judge to lift jail stay
Former US President Donald Trump's adviser Steve Bannon, who stands accused of fraud over funds raised to support the construction of US-Mexico border wall, attends a hearing in Manhattan, New York on January 12, 2023.Fatih Aktas | Anadolu Agency | Getty ImagesFederal...
Twin Peaks, Smokey Bones confidentially file for IPO
Smokey Bones at Broadcasting Square. Tim Leedy | Medianews Group | Getty ImagesFat Brands said Tuesday it has confidentially filed to take its Twin Peaks and Smokey Bones restaurant chains public through an initial public offering, less than a week after federal...
ECB’s Wunsch advises against back-to-back rate cuts in summer
ECB Governing Council member Pierre Wunsch has indicated that the first 50bps rate cut in the upcoming easing cycle is “close to a no brainer”. However, he emphasized that any policy easing should proceed “gradually and not too quickly.” Wunsch advised against...
Martin Jetter confirmed as Chairman of Deutsche Börse’s Supervisory Board
The Supervisory Board of Deutsche Börse AG confirmed Martin Jetter as Chairman of the Supervisory Board during its meeting following today’s Annual General Meeting. The 65-year-old has held the chairmanship since 2020 and has been a member of the board since 2018....
PSBs to identify one ‘champion sector’ in their business plans, ET BFSI
Public sector banks (PSBs) will identify one "champion sector" in their business plans, to expand significant presence in it by developing specific sector capabilities, said officials. The lenders will also look to design tailored products for segment-specific lending...
Homes are overvalued in much of the U.S. — with these 5 states leading the list
Home prices are overvalued nationally, according to a new report by Fitch Ratings, led by Southern states.
Intro to Health Savings Accounts & Your Taxes
Unexpected medical costs without proper savings–including health insurance deductibles themselves, which have even gone up in recent years–can really leave you in a bind. One of the ways you can ensure you’re better prepared is with a health savings account (HSA). An...
FSA 101: All Your Questions Answered
Maintaining your physical and mental health can be costly, especially if your insurance plan doesn’t cover everything you need. Luckily, there’s a way to reduce your taxable income and ensure that you have money put aside to help cover these costs. A flexible spending...
Powell says he expects inflation to move down but isn’t completely confident in this forecast
Federal Reserve Chair Jerome Powell said Tuesday that he sees inflation retreating in the coming months.
Best iPad but needs new software
Apple's new iPad Pro comes in two sizes, and starts at $999. It also has a new add-on case called Smart Keyboard that makes it feel like a laptop.Apple's new iPad Pro and iPad Air models launch Wednesday. I've been testing the new iPad Pro for several days, and what I...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 155.74; (P) 156.00; (R1) 156.47; More… No change in USD/JPY’s outlook and intraday bias stays mildly on the upside. Rebound from 151.86, as the second leg of the corrective pattern from 160.20, is in progress for 157.98 resistance. On the downside,...
Wegovy patients maintain weight loss for 4 years: Novo Nordisk study
Boxes of Wegovy made by Novo Nordisk are seen at a pharmacy in London, Britain March 8, 2024. Hollie Adams | ReutersPatients taking Novo Nordisk's obesity drug Wegovy maintained an average of 10% weight loss for up to four years, according to a new analysis published...