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US: Small Business Optimism Index Improves in April
NFIB’s Small Business Optimism Index rose 1.2 points to 89.7 in April, beating market expectations for a 0.3-point decrease. This marked the first increase in the index in 2024. Seven of the ten subcomponents improved on the month, two deteriorated and one remained...
Blockchain Innovation at HBCUs Fostered by Ripple’s UBRI
In a significant stride towards fostering blockchain innovation, Ripple’s University Blockchain Research Initiative (UBRI) has been instrumental in setting up an important foundation and learning environment for the next generation of...
Peacock, Netflix and Apple TV+
Omar Marques | Lightrocket | Getty ImagesComcast said Tuesday it will introduce a streaming bundle for its cable, broadband and mobile subscribers, tying together Peacock, Netflix and Apple TV+ at a discounted rate.The announcement, made Tuesday at the...
Paxos appoints J. Christopher Giancarlo to Board of Directors
Paxos, a regulated blockchain and tokenization infrastructure platform, today announced it has added J. Christopher Giancarlo, former Chairman of the United States Commodity Futures Trading Commission (CFTC), to its board of directors. J. Christopher Giancarlo A...
Plug Power’s stock jumps 60% after long-awaited funding announcement
Plug Power delivered a long-awaited funding announcement on Tuesday morning that looked set to fuel a major stock gain.
Amazon-backed Anthropic launches its Claude AI chatbot across Europe
Sopa Images | Lightrocket | Getty ImagesAnthropic, the artificial intelligence startup backed by Amazon, said Monday it's launching its generative AI assistant Claude in Europe on Tuesday. It will be available to individuals and businesses through the web and via an...
Michael Cohen testifies, House Speaker Johnson watching
Michael Cohen is questioned by prosecutor Susan Hoffinger 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 2016, in Manhattan state court in New York...
Global mobile banking malware grew 32 percent in 2023, BFSI News, ET BFSI
2023 witnessed a substantial rise in the number of users encountering mobile banking Trojans, with attacks on Android users surging by 32 percent, compared to 2022, according to the annual Financial Threats Report for 2023 by Kaspersky.The report reveals significant...
Dollar Spikes on Strong PPI Data, Reverses as Bears Maintain Control
Dollar spiked higher after US PPI reported stronger-than-expected monthly rise. However, this upward movement was quickly reversed within minutes, indicating that bearish sentiment continues to dominate the greenback. The key question now is whether Dollar will see...
Exim posts 62% rise in profits, to raise over Rs 60,000 crore from local markets this year, ET BFSI
Export financier Exim Bank recorded a 62 percent growth in net profit for the year ending March 2024 as it could control bad loans. The lender is planning to raise over Rs 60,000 crore in FY'2024-25 from the domestic market in addition to $3-3.5 billion from the...
Delivery Hero shares rally on deal to sell Taiwan business, and a stake, to Uber
Delivery Hero shares rallied Tuesday as the German-listed food delivery company agreed to sell its Taiwan business, and a minority stake, to Uber Technologies.
AI boom to keep supply of high-end memory chips ‘tight’ through 2024
A Samsung Electronics Co. 12-layer HBM3E, top, and other DDR modules arranged in Seoul, South Korea, on Thursday, April 4, 2024. Samsung's profit rebounded sharply in the first quarter of 2024, reflecting a turnaround in the company's pivotal semiconductor division...
Stellantis to export China-made EVs to Europe via Leapmotor deal
Stellantis CEO Carlos Tavares and Leapmotor founder and CEO Zhu Jiangming shake hands in relation to new partnerships between their companies.StellantisAutomaker Stellantis expects to quickly grow sales of China-made electric vehicles outside of the country through a...
Australia will release its annual budget today. Rising inflation expectations hurt US stock indices :: InvestMacro
By JustMarketsAt the end of Monday, the Dow Jones Index (US30) decreased by 0.21%, while the S&P 500 Index (US500) fell by 0.02%. The NASDAQ Technology Index (US100) closed positive 0.29%. Rising inflation expectations weighed on stocks after the New York...
US PPI rises 0.5% mom, 2.2% yoy in Apr, highest since Apr 2022
US PPI for final demand rose 0.5% mom in April, above expectation of 0.2% mom. Nearly three-quarters of the April advance in final demand prices is attributable to a 0.6% mom increase in the index for final demand services. Prices for final demand goods moved up 0.4%...
Chainlink Platform Empowers LST and LRT Adoption in DeFi
Chainlink Drives LST and LRT Adoption in DeFi Chainlink, a leading blockchain oracle network, is providing the necessary tools to drive the adoption of liquidity sensitive tokens (LSTs) and liquidity return tokens (LRTs) in decentralized...
PNB warns customers not to trust phone numbers, addresses found through these modes; puts limits on these transactions, ET BFSI
The Punjab National Bank (PNB) has requested its customers not to trust phone numbers/addresses or other bank related information found through a search engine or on third-party websites.PNB has noticed that some unscrupulous individuals have pretended to be Punjab...
Georgia passes Russia-style law on foreign influence despite protests
Georgian demonstrators protesting the controversial "foreign influence" bill stand in front of law enforcement officers blocking an area near the parliament building in Tbilisi on May 14, 2024.Vano Shlamov | Afp | Getty ImagesGeorgian lawmakers on Tuesday passed a...
Wholesale inflation surges again, PPI shows. Inflation still sticky.
U.S. wholesale prices jumped 0.5% in April in another sign of sticky inflation.
China drives EV boom this year amid strong demand for hybrid vehicles
New energy vehicles for export at Lianyungang Port, Jiangsu Province, China, on April 25, 2024. Nurphoto | Nurphoto | Getty ImagesElectric vehicle sales have risen sharply this year, led by growth in China and a strong demand for hybrid vehicles in particular,...
Ethereum (ETHUSD): Incomplete Sequences Calling the Decline
In this technical article we’re going to take a quick look at the Elliott Wave charts of Ethereum ETHUSD , published in members area of the website. As our members know, ETHUSD is showing incomplete sequences in the cycle from the March peak. Consequently we expect...
Artificial intelligence may impact 60% of jobs in advanced economies and 40% of jobs around the world in 2 years: IMF Chief, ET BFSI
"We have very little time to get people ready for it, businesses ready for it," she told the event organised by the Swiss Institute of International Studies, associated to the University of ZurichZURICH: Artificial intelligence is hitting the global labour market...
Revenue and rankings: Inside the multibillion-dollar industry shaping college admissions.
Critics say the enrollment-management sector has pushed colleges to prioritize money and school rankings at the expense of some students.
Why the future is uncertain for Tesla’s Supercharging network
The future of Tesla Supercharging is uncertain following CEO Elon Musk's disbanding of the Supercharging team as part of a broader restructuring. The roughly 500 layoffs included senior director of EV charging Rebecca Tinucci and Daniel Ho, director of vehicle...
TradingView expands its integration with Spreadex
TradingView is expanding its integration with Spreadex, a UK-based brokerage with over 20 years of experience. TradingView users logged into their broker accounts can now seamlessly access the spread betting functionality. Spreadex is an established provider of CFD...
Up to 5% cashback, Rs 500 annual fee; check all features, ET BFSI
HDFC Bank has launched a new digital credit card called Pixel Play Credit Card that allows allows you to customize benefits to fit your lifestyle and select merchants of your choice to earn cashback, choose card design, and select your preferred billing cycle...
Binance Integrates WBTC on Kava EVM and BONK on BNB Smart Chain
Binance Completes Integration of WBTC and BONKIn a significant development, the leading cryptocurrency exchange, Binance, announced the completion of integrations of Wrapped Bitcoin (WBTC) on the Kava EVM network and Bonk (BONK) on the BNB Smart Chain. The integration...
A Steeper JGB Yield Curve May Kickstart Another Bullish Leg in Nikkei 225
Nikkei 225 has undergone a 4-week corrective decline of 10.6% since its 41,088 all-time high printed on 22 March. Nikkei 225 major uptrend phase in place since 4 January 2023 remains intact. BoJ’s recent announcement on its reduction of 5 to 10-year JGBs purchases has...
Here’s how high Biden’s new tariffs on Chinese EVs, chips, medical gear go
President Joe Biden’s administration on Tuesday rolled out its much-anticipated new tariffs targeting Chinese electric vehicles and other key products from that country.
How we chose the companies
Welcome to Disruptor 50 in the age of AI.A whopping 34 of the 50 companies on our twelfth annual CNBC Disruptor 50 list claim that artificial intelligence is "critical" to their businesses. These include companies in industries ranging from cybersecurity to...
Banco Santander confirms unauthorized access to database
Banco Santander today confirmed an incident affecting a Santander database hosted by a third-party provider. Certain information relating to customers of Santander Chile, Spain and Uruguay, as well as all current and some former Santander employees of the group had...
Risk-off sentiment brings big selloff in FPI-heavy counters, BFSI News, ET BFSI
Mumbai: Shares of many companies with higher foreign ownerships have been under pressure amid the heightened selling of Indian stocks by overseas investors so far in May.Foreign portfolio investors (FPIs) have sold shares worth over ₹22,000 crore this month after...
Carlyle hires 5 I-banks for $1 bn Hexaware IPO, BFSI News, ET BFSI
MUMBAI: The PE fund Carlyle has hired about 5 investment banks -Kotak Securities, JP Morgan, Citi, IIFL Securities, HSBC Securities to run the process to list its BPO portfolio Hexaware, said people aware of the development.Carlyle plans to raise about $1 billion (Rs...
Oil prices flat as traders await U.S. inflation data; OPEC forecasts unchanged
Oil futures hover near unchanged after OPEC leaves forecasts unchanged.
OpenAI is first company to be No. 1 on Disruptor 50 two years in a row
It's a first for the annual CNBC Disruptor 50 list: a company landing at No. 1 for the second year in a row.Perhaps no surprise, that company is OpenAI. More than any other startup in the 12-year history of the Disruptor 50 list, OpenAI's disruptive impact and...
Pound Edges Lower as UK Labor Market Cools
The British pound has posted slight losses on Tuesday. GBP/USD is down 0.08%, trading at 1.2548 in the European session at the time of writing. UK job growth slides The UK labor market continues to show cracks as job growth was sharply lower in today’s employment...
Shiba Inu (SHIB) And Litecoin (LTC) Whales On The Move As ETFSwap (ETFS) Raises $2 Million – Blockchain News, Opinion, TV and Jobs
ETFSwap (ETFS) outshines Shiba Inu (SHIB) and Litecoin (LTC) as liquidity flows into its ecosystem. With stealth and precision, ETFSwap (ETFS), the new kid in the block, is observed to completely poach long-term whales and investors of top crypto projects, Shiba Inu...
OKX X Layer to Discontinue Swap Product
OKX X Layer to Discontinue Its Swap ProductIn a recent announcement, OKX X Layer has communicated its decision to discontinue the Swap product. The discontinuation will take effect from May 30, 2024. The features of X Layer Swap,...
Binance Futures Copy Trading Incorporates New USDⓈ-M Contracts
Binance Introduces New USDⓈ-M Contracts to Futures Copy TradingCrypto exchange giant, Binance, has announced the addition of new USDⓈ-M contracts to its Futures Copy Trading platform. The new contracts were introduced on May 14, 2024, at...
These stocks could see ‘immense’ profits as Canada’s economy sinks, says veteran trader
Veteran trader Kevin Muir is really bearish on Canada, and offers a couple ways for investors to play that.
Alibaba (BABA) earnings Q4 2024
Alibaba said it is working on a rival to ChatGPT, the artificial intelligence chatbot that has caused excitement across the world. Alibaba said its own product is currently undergoing internal testing.Kuang Da | Visual China Group | Getty ImagesAlibaba posted a beat...
Barclays Bank goes live on CLS’s Cross Currency Swaps service
Barclays Bank has gone live on CLS’s Cross Currency Swaps service, an extension of CLS’s unique PvP settlement service. By integrating CCS flows into CLSSettlement, the service allows for multilateral netting against all other FX transactions, providing substantial...
Banks in Hong Kong face credit risks from property downturn: Report, ET BFSI
Representative ImageBEIJING: The protracted property downturn in Hong Kong and mainland China could weaken credit strength of banks in Hong Kong, a Moody's report said on Tuesday.With over half of their total loan portfolios tied to real estate, Hong Kong banks are...
Elliott Wave Intraday on DAX Shows Incomplete Bullish Sequence
Short Term Elliott Wave in DAX suggests that the Index ended wave (4) pullback at 17626.54. From there, it rallies higher in wave (5) as a nesting impulse Elliott Wave structure. Up from wave (4), wave ((i)) ended at 18226.32 and dips in wave ((ii)) ended at 17795.96....
Govt proposes, market disposes, over price, BFSI News, ET BFSI
Mumbai: A pricing contest is playing out between the Reserve Bank of India (RBI) and sovereign bond traders as the central bank tries to deftly manage the government's borrowing cost, provide sufficient liquidity to the markets, and ensure that its stance of...
‘They left nothing except junk’: My brother and his wife emptied our father’s house. It stands empty years after his passing. What can be done?
“The house’s tax payments remain two years behind, amounting to several thousand dollars.”
These are the 2024 CNBC Disruptor 50 companies
It's fair to say that AI is all over the 12th annual CNBC Disruptor 50 list. Roughly two-thirds of the 50 companies making the Disruptor 50 list describe artificial intelligence as "critical" to their businesses. And it starts at the very top: for the first time ever,...
GBPUSD Advances Above 200-Day SMA
GBPUSD looks neutral in very short-term A jump above 1.2630 could add some optimism Stochastic and MACD are mixed GBPUSD has successfully jumped above the 200-day simple moving average (SMA) with the next crucial obstacle coming from the short-term downtrend line and...
Clearstream partners with Standard Chartered to support UAE domiciled funds
Post-trade services provider Clearstream has partnered with Standard Chartered to facilitate the inclusion of United Arab Emirates (UAE) domiciled funds on its Vestima platform. This collaboration ensures seamless end-to-end fund processing and execution while...
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...
Home Depot (HD) Q1 2024 earnings
The logo of U.S. home improvement chain Home Depot is seen in Mexico City, Mexico, on Jan. 15, 2020.Luis Cortes | ReutersHome Depot on Tuesday posted quarterly revenue below Wall Street's expectations, as shoppers postponed bigger discretionary projects like bath and...
Binance Spot Adds New Trading Pairs and Bots Services
Binance Spot Introduces New Trading PairsIn an effort to enrich the list of trading choices and enhance users’ trading experience, Binance Spot will open trading for the FRONT/USDC, PEOPLE/TRY and TRB/USDC trading pairs on 2024-05-15...
Would you buy a burger from Pizza Hut? The chain is adding one to its menu.
A look at the challenges restaurants can face when stepping outside their comfort zones.
Klarna says 90% of its employees are using generative AI daily
Rafael Henrique | SOPA Images | LightRocket via Getty ImagesSwedish financial technology company Klarna said Tuesday that nearly 9 out of 10 employees in its 5,000-strong workforce are now using generative artificial intelligence tools in their daily work.Klarna,...
German ZEW rises to 47.1, signs of recovery growing
German ZEW Economic Sentiment jumped from 42.9 to 47.1 in May, above expectation of 44.9. Current Situation Index also rose from -79.2 to -72.3, above expectation of -75.0. Eurozone ZEW Economic Sentiment rose from 43.9 to 47.0, above expectation of 46.1. Current...
Biden raises China tariffs on EVs, solar panels, batteries
U.S. President Joe Biden meets Chinese President Xi Jinping on the sidelines of the G-20 leaders' summit in Bali, Indonesia, on Nov. 14, 2022.Kevin Lamarque | ReutersThe Biden administration announced stiff new tariff rates Tuesday on $18 billion worth of Chinese...
BRICS Summit may discuss a common currency, but can it work?, ET BFSI
The upcoming annual summit of the BRICS bloc, scheduled for October in Russia, will centre on discussions about introducing a new currency to challenge the dominance of the US dollar in global trade. Amid efforts by BRICS nations to de-dollarize their economies,...
What are RBI’s revised guidelines for custodian banks under T+1 settlement regime?, ET BFSI
The Reserve Bank of India (RBI) has revised guidelines for custodian banks pertaining to the issuance of Irrevocable Payment Commitments (IPCs) in response to the implementation of the T+1 settlement regime for stocks. Under these updated guidelines, custodian banks...
On Holdings more than doubles profit
On Holding, the Swiss apparel maker backed by tennis legend Roger Federer, said its first-quarter profit more than doubled on strong direct-to-consumer sales.
Uber to acquire Foodpanda’s Taiwan business for $950 million
TAIPEI, TAIWAN - 2021/07/19: A foodpanda delivery man wearing a face mask rides past a Taiwanese flag ahead of the COVID-19 alert Level 3 restriction lift in Taipei. (Photo by Walid Berrazeg/SOPA Images/LightRocket via Getty Images)Sopa Images | Lightrocket | Getty...
SEC charges individual with fraudulent “free-riding” scheme
The Securities and Exchange Commission (SEC) has charged 25-year-old Tyrone Johnny Lacy, Jr. (“Lacy”) of Sefner, Florida with conducting a fraudulent “free-riding” scheme in which he took advantage of credits offered by certain broker-dealers to buy over $300,000 in...
SBI, PNB, HDFC Bank, ICICI Bank, Axis Bank, Bank of Baroda, ET BFSI
Gold loans are incredibly convenient in contrast to other loans, like home loans, which need a lot of paperwork and a convoluted approval process. A gold loan is secured by gold ornaments or jewellery you may pledge to any bank or lender.The approval process is short,...
BoE’s Pill: Summer rate cut not unreasonable
BoE’s Chief Economist Huw Pill suggested today that it is “not unreasonable” for central bank to consider rate cuts over the summer. However, he emphasized the critical need for to maintain a “restrictive stance” on monetary policy to address persistent domestic...
Shein and Rasperberry Pi IPOs could drive new wave of London floats, analyst says
The computer maker and fast-fashion retailer could both announce plans to float on the London Stock Exchange in a matter of days, as they seek to capitalize on a strong-run in the U.K.’s main bourse
Tencent earnings report Q1 2024
Tencent has faced a number of headwinds in 2022 including a Covid-induced slowdown in the Chinese economy and a tougher market for gaming.Bobby Yip | ReutersTencent beat analyst estimates for revenue and profit in the first quarter, thanks to slightly better sales in...
Binance Announces Taker Fee Promotion for Altcoin Trading Pairs, Including PEPE, WLD, LINK, WIF and ENA
Binance Introduces Taker Fee Promotion In an exciting move for altcoin traders, Binance has announced a taker fee promotion for spot and margin altcoin trading pairs. The promotion will begin on 2024-05-21 00:00 (UTC) and will continue...
Wholesale inflation in April quickens to 13-month high of 1.26% on spikes in power, food prices, ET BFSI
India's wholesale price index-based inflation accelerated to 1.26 per cent in April on an annual basis as against 0.53 per cent in March, at a 13-month high, data from the Commerce Ministry on Tuesday showed.A Reuters poll showed that WPI inflation for April was...
How to Restore Lost Bitcoin Wallets?
Bitcoin is probably the most valuable cryptocurrency that you would find in the crypto market now. It is not only the first cryptocurrency but also the face of the cryptocurrency industry. However, the biggest problem with Bitcoin is that no one is there to back the...
U.S. orders Chinese-backed crypto miner to sell land near military base
US Treasury Secretary Janet Yellen delivers remarks at the Treasury Department's Committee on Foreign Investment in the United States conference at the Treasury Department in Washington, DC, on September 14, 2023. Olivier Douliery | Afp | Getty ImagesU.S. President...
Inflation eases further to an 11-month low of 4.83% in April, despite higher food inflation, ET BFSI
India’s inflation eased further to an 11-month low of 4.83% in April compared with 4.85% in the previous month, as food inflation inched higher owing to high vegetable and pulses inflation.“Although food inflation is marginally higher at 8.7%, the downward pressure...
StanChart, Mox, Mastercard and Libeara complete proof-of-concept on tokenised deposit
Standard Chartered Bank (Hong Kong) Limited (SCBHK) has partnered with Mox Bank Limited, Mastercard and Libeara on a proof-of- concept (POC) exploring the operational and risk management benefits of tokenised deposits to support the settlement of tokenised assets....
EURJPY’s Relentless Rise Continues – Action Forex
EURJPY in the green for the seventh consecutive trading day Bulls aim for April’s multi-year highs, but they might run out of steam soon For the past week, EURJPY has been experiencing a non-stop upward movement, currently targeting April’s bar of 169.27, which proved...
Sebi probing charges of ‘coerced’ voting to delist broking arm of ICICI, ET BFSI
Securities and Exchange Board of India (Sebi) is examining allegations made by some minority shareholders of ICICI Securities that they were coerced by the relationship managers (RMs) of its parent ICICI Bank to vote in favour of a proposal to delist the stock broking...
GameStop shares surge for a second day
GameStop shares rallied in premarket trade for a second day on Tuesday, extending gains when the investor most linked to the company’s 2021 explosion had a social-media post for the first time in three years.
Venture capital firm Accel raises $650 million Europe and Israel fund
From left to right, Accel general partners Harry Nelis, Sonali de Rycker, Andrei Brasoveanu, Luca Bocchio, and Philippe Botteri.AccelVenture capital firm Accel said Tuesday it's raised $650 million for its eighth fund targeted at investing in European and Israeli...
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,...
UBS owns 3,600 shares of BlackRock's iShares Bitcoin Trust (IBIT)
In the news on Monday was this, that UBS owns 3,600 shares of BlackRock's iShares Bitcoin Trust (IBIT)UBS is good company, the list of authorized participants for BlackRocks' IBIT also includes Citadel and Goldman SachsUBS does allow some of its clients to trade...
FX option expiries for 14 May 10am New York cut
There are a couple to take note of, as highlighted in bold.The first ones are for EUR/USD at the 1.0750 and 1.0800 levels. The latter will be of more interest as it acts alongside offers at the figure level and the 200-day moving average at 1.0790 in limiting topside...
Sabadell suspends buybacks after BBVA takeover approach
Banco de Sabadell is temporarily suspending its share buyback program at the Spanish market regulator’s request following Banco Bilbao Vizcaya Argentaria’s hostile takeover approach.
Tech giant misses trimmed PS5 sales target
Sony said sales of its flagship PlayStation 5 console totalled 20.8 million in the fiscal year 2023 slightly lower than an already revised-down 21 million unit target.Nikos Pekiaridis | Nurphoto | Getty ImagesSony on Tuesday reported a 7% drop in annual profits in the...
Latest news on Russia and the war in Ukraine
Ukraine derails Russian freight train in drone attack, Russian mediaA Ukrainian drone attack derailed a freight train and sparked a fire in a diesel tank in the southern Russian region of Volgograd, mangling several hundred meters of track, Russian media said on...
Yen Decline Persists, Pound Eyes UK Wage Data
Yen’s decline persisted in Asian session, continuing to reverse its strong gains from earlier in the month. Traders seem confident that Japan will not intervene as long as Yen remains above 160 level against Dollar, with no apparent determination to push it through...
BNB Chain Announces Airdrop Alliance Chapter 2
BNB Chain Launches Airdrop Alliance Chapter 2In a bid to expand its ecosystem, BNB Chain has announced the commencement of the second chapter of its Airdrop Alliance. This phase is expected to offer exciting opportunities and rewards from...
Deutsche Bank joins Project Guardian
Deutsche Bank today announced it has joined the Monetary Authority of Singapore’s (MAS) Project Guardian (as part of the asset and wealth management workstream). The collaborative initiative is dedicated to testing the feasibility of asset tokenization applications in...
Binance Futures Drops XRP and TUSD Support in Multi-Assets Mode
Binance Futures Ends Support for XRP and TUSDIn a recent announcement, Binance Futures, which is part of the Binance exchange, has declared that it will cease support for two cryptocurrencies, XRP and TUSD, as margin assets in the...
Net profit doubles to Rs 1,245 crore, ET BFSI
Aditya Birla Capital on Monday reported a two-fold rise in profit to Rs 1,245 crore on a consolidated basis for the fourth quarter ended March 2024. The company posted a net profit of Rs 609 crore in the same period a year ago. The consolidated profit after tax,...
RBI’s investment in IIFC UK subsidiary fell by a fifth in FY23-24, ET BFSI
The RBI's investment in the state-owned India Infrastructure Finance Company (IIFC) UK subsidiary fell by a fifth from a year earlier to $932 million in FY’2023-24, according to the latest Half Yearly Report on Management of Foreign Exchange Reserve released on...
Quant Mutual Fund gets RBI nod to increase stake up to 9.98% in RBL Bank, ET BFSI
Quant Money Managers has received RBI approval to increase ‘aggregate holding’ of up to 9.98% of the paid-up share capital or voting rights in RBL Bank through various schemes of Quant Mutual Fund.At present, Quant Mutual Fund through its various schemes held 4.68% of...
Roaring Kitty rides again: ‘Gamification’ may be back in GameStop’s meme-stock rally
Keith Gill, known as Roaring Kitty, made his return to social media Sunday, sparking a meme-stock rally that sent shares of GameStop skyrocketing.
BounceBit Announces BounceClub Mainnet Launch
BounceBit, a key player in the cryptocurrency sector, has officially launched its BounceClub Mainnet, an onchain Web3 universe designed for everyone to create and engage. This comes after the successful completion of the BounceClub...
The economy could be heading toward 1970s-style stagflation. What it means for the stock market.
The U.S. economy could be barreling toward 1970s-style stagflation amid a cooling economy and sticky inflation — and it could end up sparking a double-digit plunge in stocks, according to Sevens Report Research.
Judge scolds lawyers over ‘gamesmanship’
Senator Robert Menendez arrives at the federal courthouse in Manhattan, New York, United States on May 13, 2024. Fatih Aktas | Anadolu | Getty ImagesA judge on Monday admonished attorneys for playing legal games shortly after they convened for the start of the federal...
GBP/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 194.62; (P) 194.98; (R1) 195.48; More.. Further rise is mildly in favor in GBP/JPY. Rebound from 191.34 is seen as the second leg of the corrective pattern from 200.53, and could target 197.40 resistance. On the downside, break of 193.82 minor...
Novavax stock jumps on Sanofi Covid vaccine deal
A vial labelled "Novavax V COVID-19 Vaccine" is seen in this illustration taken January 16, 2022. Dado Ruvic | ReutersShares of Novavax jumped as much as 50% on Monday as Wall Street cheered the company's new multibillion-dollar deal with French drugmaker Sanofi that...
OpenAI launches new ‘flagship’ GPT-4o model, touting improved speed and performance
OpenAI has unveiled GPT-4o, the company’s latest “flagship” artificial-intelligence model, which it said offers improvements in speed and performance.
BounceBit Mainnet Goes Live with Exciting New Features
BounceBit Mainnet Launches We are thrilled to announce the official launch of the BounceBit Mainnet, marking a significant milestone since our initial rollout in late January 2024. Through the successful Water Margin TVL Event, BounceBit...
EV Trade Spat Flares Up Amid US Tariff Hike
In focus today Today will be quiet on the data front, with no major releases scheduled. The focus for remainder of the week will primarily be on US inflation for April, due Wednesday. Tuesday sees the release of US April PPI, which could give hints on the forthcoming...
10 states with the most money
U.S. President Joe Biden delivers remarks as part of his Investing in America agenda, during a visit to Gateway Technical College in Sturtevant, Wisconsin, U.S., May 8, 2024. Kevin Lamarque | ReutersThe Biden administration has announced $537 billion in infrastructure...
J&J’s $13 billion bid for Shockwave turns to Wall Street for funding
Deal making on Wall Street remains robust despite the Federal Reserve’s rate hikes since 2022.
Airlines challenge Biden administration fee disclosure rule
Aerial view of United Airlines passenger planes docked in a terminal of Newark Airport in Newark, New Jersey, on May 11, 2024. Charly Triballeau | Afp | Getty ImagesMajor airlines and an industry trade association asked a federal appeals court to toss out a new...
Crypto Market Under Pressure from Bitcoin
Market picture Crypto market cap on Monday stands at $2.2 trillion, down 5.2% over seven days, although it showed some growth over the weekend. Local market capitalisation peaked on March 14th, but the active decline began about a month ago, with a sequence of lower...
How Punjab National Bank has revamped loan recovery with Data Analytics, ET BFSI
Punjab National Bank (PNB) is leveraging technology and inclusivity to improve loan recovery. The bank has implemented data analytics to identify customers at risk of delayed payments."We can pinpoint which borrowers need a gentle reminder, require follow-up calls, or...
Kraft Heinz exploring sale of Oscar Mayer brand that could be worth up to $5 billion: Wall Street Journal
Kraft Heinz Co. has hired financial advisers to help explore a possible sale of its Oscar Mayer unit, which makes hot dogs, cold cuts and bacon, the Wall Street Journal reported Monday, citing people familiar with the matter.
Google and Apple partner to fight location tracker stalking
Tile Sticker and Apple AirTagTodd Haselton | CNBCApple and Google announced Monday that updated iPhones and Android phones will show alerts warning users that there is a wireless location tracking device nearby, in case the user wasn't aware they were being tracked...
Yellen says Chinese response possible on expected U.S. tariff action
U.S. Secretary of the Treasury Janet Yellen speaks while presiding over a meeting of the Financial Stability Oversight Council at the Treasury Department on May 10, 2024 in Washington, DC. Kent Nishimura | Getty ImagesThe United States could see a significant response...
UBS chief Sergio Ermotti worries about potential ‘systemic risk’ from inflation
UBS Group Chief Executive Sergio Ermotti said Monday that he continues to worry about the long-term impact of inflation, but added that the global economy remains mostly stable for now.
OpenAI launches new AI model and desktop version of ChatGPT
Sam Altman, CEO of OpenAI, at the Hope Global Forums annual meeting in Atlanta on Dec. 11, 2023.Dustin Chambers | Bloomberg | Getty ImagesOpenAI on Monday launched a new AI model and desktop version of ChatGPT, along with a new user interface.The update brings GPT-4...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0757; (P) 1.0773; (R1) 1.0787; More… EUR/USD is staying below 1.0810 resistance despite today’s rise. Intraday bias remains neutral at this point. Further rally is expected as long as 55 4H EMA (now at 1.0751) holds. On the upside, above 1.0810...
iFinex Collaborates with El Salvador Government to Develop Digital Asset and Securities Framework
iFinex Partners with El Salvador Government iFinex, the parent company of Bitfinex, has entered into a partnership with the government of El Salvador to develop a robust legal framework for digital assets and securities. This partnership...
The Retirement Saver’s Credit – Intuit TurboTax Blog
Starting a retirement account or plan is one of the best retirement tips, but it’s not always easy. Budgeting for retirement account contributions can be hard — especially for people in lower tax brackets. The saver’s credit is designed to reward you for contributing...
Public officially launches Public Media Network
Today, Public announced the official launch of the Public Media Network, its content network that hosts all Public media and shows in one place. The content arm was started in 2021 as Public saw a shift in how millennial and Gen Z investors accessed news and financial...
Piramal Alternatives invests Rs 600 crores in Annapurna Finance, ET BFSI
Piramal Alternatives, the fund management division of the Piramal Group, on Monday announced an investment of Rs 600 crores (USD 75 Million) in Annapurna Finance Private Limited.The deal involved a combination of secondary purchase of shares and providing Tier – 2...
Delta wins highest praise as HSBC launches U.S. airline coverage
Delta Air Lines Inc. drew praise as the strongest competitor among U.S. air carriers as HSBC on Monday initiated coverage of four big carriers amid an uptick in corporate travel.
Business Networking Tax Deductions For Self-Employed
One of the most important parts of being self-employed and starting your own business is building a network of people around you filled with clients, advisers, influencers, and supporters. While meeting new people may seem difficult at first, it can also be extremely...
Republican donors fund group doxxing pro-Palestinian students
A truck with a "Fire Gay" message drives through Harvard Square. The congressional testimony of Harvard University president Claudine Gay has caused a stir on campus on Dec 10th. 2023.Pat Greenhouse | Boston Globe | Getty ImagesA far-right activist group that is...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2504; (P) 1.2523; (R1) 1.2543; More… GBP/USD is staying below 1.2633 resistance despite today’s rally. Intraday bias remains neutral for the moment. Further rise is mildly in favor with 1.2445 support intact. On the upside, break of 1.2633 will...
Bitfinex Securities Launches Tokenized Bond Offering for El Salvador’s First Airport Hotel
Bitfinex Securities to Fund El Salvador's First Airport Hotel Bitfinex Securities, a leading securities trading platform, has officially launched a tokenized bond offering to fund the construction of a new Hampton by Hilton hotel at El...
Tax Write Offs & Deductions Explained
Have you ever wondered what a ‘write-off’ is? Well, a write-off is any legitimate expense that can be deducted from your taxable income on your tax return. For many, this is the trickiest part of filing their taxes, particularly because there is a fine line between...
Counterfeit pills containing fentanyl flooding the U.S., studies show
Over 115 million pills seized by law enforcement in the U.S. last year contained fentanyl — a figure that’s more than 2,300 times greater than 2017 levels.
Melinda French Gates will resign from Gates Foundation
Melinda Gates, co-founder of the Bill and Melinda Gates foundation arrives at the Elysee Palace in Paris, France on July 01, 2021.Mustafa Yalcin | Anadolu Agency | Getty ImagesMelinda French Gates, the former wife of Microsoft co-founder Bill Gates, announced on...
Brent crude oil faces downward pressure amid demand uncertainties :: InvestMacro
By RoboForex Analytical DepartmentThe price of Brent crude oil is currently experiencing a downturn, trading around 82.55 USD per barrel this Monday. The primary concern affecting the market today is the uncertainty surrounding demand levels, exerting significant...
SBI’s 85% hires to be engineering graduates in FY25, BFSI News, ET BFSI
After training the over 3,000 POs and over 8,000 associates with some banking knowledge, they will be channelised into various business rolesMumbai: Eighty-five per cent of about 12,000 freshers set to join the country's largest lender SBI in FY25 are engineering...
Xponential Fitness sees stock whipsaw after CEO ousted
Anthony Geisler, CEO, Xponential Fitness at the NYSESource: NYSEShares of Xponential Fitness, the parent company of Cyclebar and Pure Barre fitness studios, bounced around in trading Monday after the company announced late Friday that CEO Anthony Geisler would be...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.9048; (P) 0.9066; (R1) 0.9084; More…. USD/CHF is staying above 0.9005 support despite today’s dip and intraday bias remains neutral. Further decline is in favor as long as 55 4H EMA (now at 0.9082) holds. On the downside, break of 0.9005 and...
Tax Tips for Those Renting Their Home on Airbnb
As Airbnb’s popularity continues to rise, more and more people are renting out their homes and learning about the tax implications that come with it. When you rent your home, or a room in your home, as a short-term rental, you may be able to keep your income taxes to...
Gold futures on track for biggest one-day loss for the month
Gold futures on Monday look to post their biggest single-session loss this month so far, with prices easing back after ending last week their highest in three weeks.
How to Use YNAB’s Targets
Imagine waking up every day knowing exactly how your money is paving the way toward the future you want. With YNAB targets, you can pinpoint how much you need each month for all the things that matter to you—from your childcare expenses to your dream vacation.Targets...
Chiliz and Atlético de Madrid Enhance Partnership with Innovative Fan Token Integration
Chiliz and Atlético de Madrid Expand Their PartnershipIn a pioneering move that marks the beginning of a new stage of Fan Token utility, Chiliz, the leading blockchain provider for the sports industry, and Atlético de Madrid have agreed...
How to Amend Your Tax Return: Update Income & Correct Mistakes
If you made a mistake on your tax return, it’s not the end of the world. The IRS allows you to file an amended tax return to correct any mistakes that weren’t caught. In some cases, amending a tax return may be a requirement. You can amend your tax return to save...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 155.38; (P) 155.65; (R1) 156.02; More… USD/JPY continues to lose upside momentum as seen in 4H MACD, but further rise is still mildly in favor. Rebound from 151.86, as the second leg of the corrective pattern from 160.20, could extend towards 157.98...
CFTC takes Agridime to Court for $161M Ponzi scheme
The Commodity Futures Trading Commission (CFTC) has taken Agridime LLC to Court for operating a Ponzi scheme. On May 10, 2024, the regulator filed a complaint against Agridime and co-founders Joshua Link and Jed Wood, at the Texas Northern District Court. According to...
How will RBI’s Rs 20K cap on cash loans impact gold NBFCs, BFSI News, ET BFSI
The recent Reserve Bank of India (RBI) directive of capping cash loans at Rs 20,000 is likely to have a limited impact on gold loan non-banking financial companies (NBFCs) due to the growing prevalence of digital transactions in the sector. Industry players are...
Why Wednesday’s CPI report is taking on outsize importance in the financial market
Traders, investors and Federal Reserve policy makers alike are often loath to put too much emphasis on any single piece of data, but Wednesday’s consumer-price index for April may be a bit different.
Amazon’s Zoox under investigation by NHTSA after two robotaxi crashes
A Toyota sport-utility vehicle modified by Zoox, a subsidiary of Amazon.com, which combines radars, lidar, and cameras to test its software, drives on a road ahead of the Consumer Electronics Show (CES) of Las Vegas, Nevada on January 3, 2023.Patrick T. Fallon | AFP |...
Prep for Post-Grad Life With These 5 Financial And Tax Tips
Congratulations, Class of 2024 — you did it! While graduation is a major milestone that should be celebrated, it is also a time to prepare, both mentally and financially, for your shift into the “real world.” As you transition into this next phase of your life, here...
Copper (HG_F) Elliott Wave : Forecasting the Rally from the Equal Legs Zone
In this technical article we’re going to take a quick look at the Elliott Wave charts of Copper Futures HG_F, published in members area of the website. As our members know, Copper is showing impulsive bullish sequences in the cycle from the 3.6592 low. Consequently we...
BHP says Anglo American has rejected a revised $42.6 billion takeover offer
“The ball is in BHP’s court until the 22 May put up or shut up deadline,” one group of analysts said.
British trading app Freetrade says CEO Adam Dodds to step down
sLONDON — The boss of U.K. stock trading service Freetrade is stepping down and leaving the company with immediate effect, the company told CNBC exclusively Monday.Adam Dodds, who co-founded the company with business partners Davide Fioranell and Viktor Nebehaj in...
The rule capping credit card late fees at $8 is on hold — here’s what it means for you
Rohit Chopra, director of the Consumer Financial Protection Bureau, speaks during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, D.C., Dec. 15, 2022.Ting Shen | Bloomberg | Getty ImagesThe U.S. banking industry won a key victory in its...
CHINAH to extend lead as Asia’s winner? :: InvestMacro
By ForexTime CHINAH overtakes JP225 in year-to-date gainsEarnings from Tencent, Meituan, Alibaba etc. may cause CHINAH to climb/fallTraders also watching China rate decision and US CPICHINAH at risk of technical pullback, despite bullish “golden cross”CHINAH...
Bandhan Bank shares rise 1.33% as Sensex slides , BFSI News, ET BFSI
Shares of the Bandhan Bank Ltd. traded at Rs 189.55 on BSE at 01:13PM (IST) on Monday, up 1.33 per cent from previous close. The stock quoted a 52-week low price of Rs 170.35 and a high of Rs 272.0. Earlier, shares of the company saw a gap up opening in the morning. A...
Binance Integrates BounceBit (BB) into Multiple Services
Binance Expands Crypto Offerings with BounceBit Integration In a significant move to expand its cryptocurrency offerings, Binance has integrated BounceBit (BB) into several of its services. The global cryptocurrency exchange and...
Icahn Enterprises to offer $500 million of high-yield six-year bonds
Proceeds will be used to redeem the 6.375% notes that mature in 2025
Sunset Market Commentary – Action Forex
Markets All eyes are on Wednesday’s US CPI inflation print and to a lesser extent its PPI precursor tomorrow. That led to stoic, listless trading at the start of the new week. China announced during early Asian dealings that it will kick off its CNY 1tn stimulus plan...
Media companies woo advertisers as spend shifts to digital
Kevin Mazur | Getty Images Entertainment | Getty ImagesMedia giants are making their annual pitches to advertisers this week against the backdrop of significant disruption in the industry.The Hollywood writers and actors strikes are over, meaning Upfronts will likely...
eToro achieves SOC 2 Type II Compliance Certification
Online brokerage eToro today announced it has achieved SOC 2 Type II Compliance Certification. SOC 2 Type II Compliance Certification is an auditing procedure designed to ensure that service providers securely manage data to protect the privacy of their clients. “SOC”...
Shriram Finance announces sale of stake in housing finance to Warburg Pincus, ET BFSI
Shriram Finance on Monday announced the sale of its entire stake in Shriram Housing Finance Limited (SHFL) to Warburg Pincus for Rs 4,630 crore.At a meeting, the Board of Directors of the Company considered and approved the proposal for disinvestment/sale/transfer of...
Binance Spot Copy Trading Introduces Elite Trader Program
Binance Unveils Elite Trader Program for Lead TradersIn a move to enhance the trading experience, Binance Spot Copy Trading has rolled out the Spot Copy Trading Elite Trader Program for lead traders. The program offers a host of advanced...
Fed’s Jefferson says slowing progress on inflation is ‘a source of concern’
The slowing progress on inflation in the first quarter is disappointing, but the healthy labor market allows the Federal Reserve to maintain downward pressure on demand until price pressures cool, Federal Reserve Vice Chairman Philip Jefferson said on Monday.
Brent Crude Oil Faces Downward Pressure Amid Demand Uncertainties
The price of Brent crude oil is currently experiencing a downturn, trading around 82.55 USD per barrel this Monday. The primary concern affecting the market today is the uncertainty surrounding demand levels, exerting significant pressure on the commodity. Recent...
OKX Announces Support for LSK Token Migration
OKX to Support LSK Token MigrationIn a recent announcement, leading crypto exchange OKX has declared its support for the upcoming LSK L1 token migration to LSK L2. The migration is slated to significantly impact the operations of the LSK...
AMC’s stock surges along with fellow meme stock GameStop as Roaring Kitty returns
AMC shares were set to surge — and meme stocks are again in the spotlight following Roaring Kitty’s return to social media.
Microsoft and Amazon to invest $5.6 billion into France
A Microsoft logo seen displayed on a smartphone screen and Amazon logo in the background in Athens, Greece on October 5, 2023. Nurphoto | Nurphoto | Getty ImagesMicrosoft and Amazon are ploughing billions of dollars into France.Microsoft said in a statement Monday...
The German index has hit an all-time high. China sees rising consumer inflation :: InvestMacro
By JustMarketsOn Friday, the Dow Jones (US30) Index gained 0.32% (for the week +1.94%), while the S&P 500 (US500) Index gained 0.16% (for the week +1.56%). The NASDAQ Technology Index (US100) closed negative 0.03% (for the week +0.82%).On Friday, several FOMC...
Here’s for how many days banks will remain closed, ET BFSI
The third month of the new financial year will have 10 bank holidays as per the list of holidays released by the Reserve Bank of India (RBI). This includes the weekend holidays, i.e., the second and fourth Saturdays and all Sundays. The month of June will see some...
Yen and Dollar Face Fresh Selling Pressure in Quiet Market
Fresh selling is seen in Yen and Dollar in early US session, as the markets are going through a quiet day. There is no immediate fundamental catalyst identified for these movements. Traders might be repositioning ahead of significant US economic data releases...
Intel rises in premarket on report of $11 billion Apollo investment in new chip plant
Apollo is front-runner on deal after it outshines KKR and Stonepeak, according to a WSJ report.
GBP/USD Higher With Eye on Employment Report
The British pound is slightly higher on Monday. GBP/USD is up 0.20%, trading at 1.2549 in the European session at the time of writing. UK job growth expected to slide The UK labor market has held up well despite high interest rates but cracks have appeared and...
OKX Adds USDC Spot Trading Pairs
OKX Introduces New USDC Trading Pairs In a bid to support the growing USDC ecosystem and satisfy the diverse trading needs of its users, leading digital asset exchange OKX has announced the introduction of new USDC spot trading pairs. The...
Broadridge to acquire Kyndryl’s SIS wealth and capital markets technology platform
Global Fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR) today announced that it will acquire Kyndryl’s Securities Industry Services (SIS) wealth and capital markets technology platform. SIS solutions include clearing and settlement, account record...
Rupee bonds likely to outperform US and other developed markets, ET BFSI
Mumbai: Foreign investors in local markets have historically factored in the rupee's depreciation versus the US dollar, but stronger macroeconomic fundamentals, sweeping improvements in market infrastructure, and formidable central bank reserves have started to...
U.S.’ Blinken criticizes Israel’s Gaza operations
U.S. Secretary of State Antony Blinken is welcomed by Israeli Ambassador to the U.S. Mike Herzog, as he arrives at Ben Gurion Airport near Tel Aviv, Israel, April 30, 2024. Evelyn Hockstein | ReutersU.S. Secretary of State Antony Blinken issued harsh words for Israel,...
Nvidia’s stock can soar 50% more as earnings power still isn’t priced in — HSBC
Nvidia’s stock was on track to rise Monday, as HSBC analyst Frank Lee said despite its continued big rally this year, investors are still significantly underestimating the artificial intelligence plays earnings potential.
Squarespace to go private in $7 billion private-equity deal
The New York Stock Exchange welcomes Squarespace, Inc. (NYSE: SQSP), on May 19, 2021, in celebration of its Direct Listing.NYSESquarespace, the website-building platform, announced on Monday it would go private in a $6.9 billion all-cash deal with private-equity firm...
US 100 Index Hovers Above Cloud as Rebound Loses Steam
US 100 stock index eyes March all-time high But latest upleg may have run its course Is a correction on the way or is a record peak in sight? The US 100 stock index (cash) has recovered by more than 7% from the April dip when it hit a three-month low of 16,970.00. But...
India Inc hunts for new cyber warriors, BFSI News, ET BFSI
Corporate India is on the hunt for cybersecurity talent. Amid data breaches, progressive regulatory expectations and introduction of generative artificial intelligence platforms making security controls and processes vulnerable, companies are beefing up their...
Kenvue’s stock falls after company announces 182.3 million secondary stock offering
The company is not selling the shares and will not receive any proceeds from the sale or from a debt-for-equity exchange planned with Johnson & Johnson.
Google’s Demis Hassabis tasked with turning AI research into profits
Demis Hassabis is a celebrated name in artificial intelligence research. He's a chess master and a neuroscientist. On Wall Street, he's less known.That may not be true for long. Hassabis is emerging as the face of Google's mammoth AI effort and on Tuesday will take...
CoinEx obtains VASP registration in Poland
Cryptocurrency exchange CoinEx has secured authorization as a Virtual Assets Service Provider (VASP) in Poland. This achievement is set to significantly enhance CoinEx’s position in the European cryptocurrency market. The authorization by the regulatory authorities in...
IIHL seeks RBI approval to pledge 100% of RCap’s shares, ET BFSI
Mumbai: Hinduja Group-linked IIHL BFSI (India) has sought the banking regulator's approval to pledge 100% shares of Anil Ambani-promoted Reliance Capital, the company it acquired in a bankruptcy resolution, to raise ₹8,000 crore, people with knowledge of the matter...
Michael Cohen testifies against former president
Michael Cohen, former attorney for Donald Trump, arrives to the New York Courthouse on March 13, 2023.Eduardo Munoz | ReutersMichael Cohen, who spent years working as the personal lawyer and fixer for Donald Trump, is set to testify Monday against the former president...
OKX to Enable Coin-Margined Perpetual Futures for OP Crypto
OKX Lists Coin-Margined Perpetual Futures for OP Crypto Leading cryptocurrency exchange platform OKX is set to enhance its trading offerings by enabling Coin-margined perpetual futures for OP crypto. The new feature will be activated at...
China launches ultra-long bond sale
China’s Ministry of Finance announced it will commence the sale of the first batch of a significant issuance of ultra-long special sovereign bonds this week, with plans to distribute CNY 1T across various tenors ranging from 20 to 50 years. The ministry detailed that...
Squarespace’s stock soars after $6.9 billion buyout deal with Permira
Squarespace’s stock shot higher Monday after the online brand-building platform for businesses agreed to be acquired by private-equity firm Permira in a cash deal valued at $6.9 billion.
HK regulator warns public of suspicious virtual asset-related product “LENA Network”
The Securities and Futures Commission (SFC) of Hong Kong today issued a warning of a suspicious investment product named “LENA Network” involving virtual asset-related staking, borrowing and lending arrangements, and claiming to offer high returns to investors. The...
SBI enters India’s Bullion Market; becomes first bank to attain TCM status at IIBX, ET BFSI
India's largest public sector bank, SBI, on Monday announced its achievement of gaining the status of Trading cum Clearing Member (TCM) at the India International Bullion Exchange (IIBX).IIBX stands as a visionary initiative, poised to elevate India's stature by...
Pvt sector capex likely to expand amid expectations of high growth: Experts, ET BFSI
New Delhi: Private sector capital expenditure is likely to see a gradual expansion amid expectations of high growth though geopolitical uncertainties and tepid consumption remain a concern, say economists.CII's business confidence index touched a 12-quarter high in...
Who goes out to eat at restaurants? Increasingly, mostly wealthier people.
High-income people continue to dine in restaurants, while others are cutting back.
NZ Dollar Edges Lower as Inflation Expectations Fall
The New Zealand dollar has edged lower on Monday. NZD/USD is down 0.17% on the day, trading at 0.6009 in the European session at the time of writing. NZ inflation expectations ease to 2.3% New Zealand’s inflation expectations fell to 2.3% in the second quarter, its...
Thousands in Georgia’s capital protest Russia-style foreign agents law
Police Force attend a protest against the foreign agents law as two Americans and one Russian citizen are among 20 detained on May 13, 2024 in Tbilisi, Georgia.Daro Sulakauri | Getty Images News | Getty ImagesThousands of people took to the streets of Georgia's...
Binance Launches USDC Flexible Products with 8% APR Rewards
Binance Introduces New USDC Flexible Products Binance, a leading global cryptocurrency exchange, has announced the introduction of its new USDC Flexible Products. The platform is offering an exclusive Bonus Tiered APR of 4% on top of...
The Impact of AI and LLMs on the Future of Cybersecurity
AI and LLMs Revolutionizing Cybersecurity Generative AI and LLMs (Large Language Models) have the potential to bring about significant changes in the field of cybersecurity. This was the focal point of a recent discussion between a16z...
Oil prices edge higher to kick off the week
Oil futures edge higher Monday after ending last week on a down note.
Crossover’s CROSSx institutional crypto trading venue integrates with Talos trading platform
Crossover Markets, a digital asset technology firm focused on meeting the unique liquidity requirements of institutions, and Talos, a provider of institutional technology for trading digital assets, today announced that Crossover’s CROSSx institutional crypto trading...
Unideal Inflation Dynamics Explain Why Fed Won’t be in a Position to Cut Rates Soon
The FTSE 100 and the Stoxx 600 index closed at a fresh ATH on the back of rising dovish central bank expectations. The EURUSD bounced lower from the 50 and 200-DMA, while Cable tested its own 200-DMA to the upside on the back of strong GDP read last Friday, but the...
Gurugram Cyber Police busts stock market investment scam, arrest a Punjab National Bank employee, ET BFSI
Gurugram Cyber Police arrested three men, including a bank employee, for a cyber fraud involving fake stock market investments. This brings the total number of bank employee arrests in cyber fraud cases to eleven, police said on Friday.The bank employee, identified as...
ADB Chief Economist, ET BFSI
New Delhi: India needs to focus on factor market reforms like land and labour to propel India's growth to a double-digit trajectory, ADB Chief Economist Albert Park has said. "There are still concerns that the basic factor markets like land and labour in the formal...
The next 500 points for the S&P 500 are down, says Stifel. Here’s why.
The next 500 points for the S&P 500 are down, says Stifel. Here’s why.
Fed Speak Cemented Higher-for-Longer Case Last Week
Markets Fed speak cemented the higher-for-longer case last week. On Friday, governor Bowman said she doesn’t expect any policy rate cuts this year. Following three or four months on inflation disappointments, she wants to see a number of months of progress (and a...
Euroclear UK & International names Chris Elms its CEO
Euroclear UK & International today announced the appointment of Chris Elms as Chief Executive Officer. Mr Elms was previously serving as interim CEO. With a combined 28 years’ experience within Euroclear group and previously CRESTCo, which was acquired by...
Ethereum (ETH) Ecosystem Evolves: Staking, DeFi, and Derivative Markets
Ethereum's Transformative Q1 2024The first quarter of 2024 has been critical for Ethereum, marked by major developments that are transforming how it operates. The Dencun upgrade enhanced Ethereum's scalability and lowered transaction...
Hindujas get Irdai nod for buying Reliance Capital business; conditions apply, ET BFSI
The insurance regulator approved the Hinduja Group’s acquisition of Reliance Capital’s life, general and health insurance businesses on condition it will not pledge shares of the companies, said people with knowledge of the matter. The Hinduja Group is yet to receive...
Tesla owners and non-owners have radically different opinions about the company, poll finds
America is polarized, with either side on an island seeing things very differently about…an electric car company?
NRF rejects Shein membership as retailer pursues U.S. IPO
A sign hangs outside the Shein warehouse in Whitestown, Indiana, on Nov. 29, 2023.Scott Olson | Getty ImagesChinese-founded fast fashion behemoth Shein isn't just working to win over lawmakers in Washington, D.C., as it gears up for a potential U.S. IPO, it's also...
The Essential Ingredients of Business Success » Succeed As Your Own Boss
In business, success is not merely a destination but a journey. It’s a journey paved with challenges, opportunities, and pivotal moments that shape its destiny. While each entrepreneurial journey is unique, there are certain essential ingredients that consistently...
Gold Price (XAU/USD) Is Testing an Important Resistance Zone
On April 16, we wrote why the $2,380 zone is an important resistance area. The XAU/USD chart shows that: 1) After fading fluctuations (they formed a narrowing consolidation triangle – shown in green), the price of gold dropped sharply (shown by a black arrow) on April...
Esop non-disclosure triggers black money law, BFSI News, ET BFSI
A brush with the harsh Black Money law can sometimes be an unwanted consequence of employee stock ownership plan (ESOP) offered by overseas companies.A number of resident individuals working in Indian subsidiaries and arms of offshore parents have recently received...
Drew Barrymore’s charming converted barn estate in the Hamptons is listed for $8.5 million
There will be one less celebrity in the Hamptons this summer if Drew Barrymore finds a buyer for her ritzy East End place on Long Island.
United Fintech opens new office in DIFC
United Fintech is increasing its global presence with the opening of a new office in the Dubai International Financial Centre (DIFC). This strategic expansion into the UAE, spearheaded by Athena, one of United Fintech’s partner companies, is a response to robust...
Banks’ risk appetite through higher loan growth to be key in determining creditworthiness: Fitch, ET BFSI
New Delhi, Fitch Ratings on Monday said Indian banks' risk appetite through higher loan growth will remain a key consideration for their creditworthiness despite improved financial performance. It said asset quality pressures from the previous credit cycle are...
Gold Loses Some Ground But Still Bullish
Gold loses momentum after reaching a two-week high Short-term risk remains skewed to the upside above 2,325 The week began with gold losing ground and giving up the gains it made on Friday when it reached a two-week high of 2,378. Technically, the bounce back above...
Amazon and Microsoft to spend billions in France as Macron summit kicks off
Amazon said it will invest in building out cloud computing infrastructure in anticipation of growing demand from the artificial intelligence sector
SoftBank’s Arm to launch AI chips by 2025 amid explosive demand
Arm logo displayed on a screen and and microchip are seen in this illustration photo taken in Krakow, Poland on September 14, 2023.Jakub Porzycki | Nurphoto | Getty ImagesSoftBank Group subsidiary Arm is planning to launch artificial intelligence chips by next year,...
Binance Launches Word of the Day Game to Enhance Crypto Knowledge and Win Rewards
Binance Introduces Word of the Day Game Binance, one of the leading cryptocurrency exchange platforms, has launched a new Word of the Day (WOTD) game. This initiative is aimed at enabling users to increase their understanding of...
How will RBI’s new finance norms impact real estate projects?, ET BFSI
The Reserve Bank of India's (RBI) proposed guidelines on project financing could potentially impact shareholders, particularly in the infrastructure and real estate sectors. The draft norms suggest that banks should set aside provisions of up to 5% of the loan amount...
Catalan separatists lose majority as Spain’s pro-union Socialists win regional elections
Six years after plunging Spain into its worst political crisis in decades, Catalonia's separatist parties are in danger of losing their hold on power in the northeastern region after the pro-union Socialist Party scored a historic result in Sunday's election.The four...
India to become world’s 4th largest economy by 2025 by overtaking Japan, predicts Amitabh Kant, ET BFSI
Big achievement! India is on track to surpass Japan as the world's fourth-largest economy by 2025, according to Amitabh Kant, India's G20 Sherpa and former CEO of Niti Aayog. According to Kant, based on several positive macroeconomic indicators. India's GDP currently...
Cboe imposes $170,000 fine on Hilltop Securities
Hilltop Securities Inc. has agreed to pay a fine of $170,000 as a part of a settlement with Cboe Exchange, Inc. The matter originated from a review conducted by FINRA’s Department of Market Regulation regarding the Firm’s compliance with its obligations to report...
Could Wednesday’s CPI Report Change Fed’s Rate Outlook?
US CPI inflation forecast to have eased a bit in April Retail sales to reveal the domestic demand’s strength Dollar might benefit from a strong inflation print but stocks could suffer The April CPI report will be released on Wednesday 12:30 GMT The aggressive...
Gold loan market thriving in Indian states; Unimoni eyes Rs 1,000 crore loan book by FY25, ET BFSI
States of Kerala, Telangana, Tamil Nadu, Bihar, Maharashtra, and Punjab are more active in the gold loan market for raising funds, said CA Krishnan R, director & CEO of Unimoni Financial Services."Though our major customers are farmers who avail loans during...
Why the global platinum is headed for a second straight yearly deficit
Global platinum supply will fall short of demand for a second straight year, with the World Platinum Investment Council forecasting a near-record deficit for 2024 because of weak growth in supplies and a climb in first quarter automotive demand to the highest in seven...
Elon Musk’s X wins court reprieve in fight against Australia government
Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X speaks during the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024. David Swanson | ReutersElon Musk's social media platform X...
Will RBI cut rates in the MPC meeting on June 7 after election results?, ET BFSI
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) meeting scheduled for June 7, 2024, is set to meet in the immediate backdrop of Lok Sabha election results.However, analysts see the central bank assessing a potential interest rate cut only in the...
FX option expiries for 13 May 10am New York cut
There is just two to take note of, as highlighted in bold.They are both for EUR/USD and layered close by at the 1.0750-55 level. That should see price action keep more compact in and around current levels in the session ahead at least. The 100-hour moving average for...
Roaring Kitty is back, and GameStop stock is rallying. The company still is struggling to make money.
Keith Gill is back on social media, and GameStop stock is surging.
SoftBank earnings Q4 and full year FY 2023
SoftBank's Vision Fund, the brainchild of the company's founder Masayoshi Son, has faced a number of headwinds including a slump in technology stocks as a result of rising interest rates, a tough China market and geopolitics.Kentaro Takahash | Bloomberg | Getty...
Latest news on Russia and the war in Ukraine
19 dead and dozens injured after strikes on Belgorod, Russian officials sayRussian officials said at least 19 people were killed and 27 injured during Ukrainian missile attacks on the border region of Belgorod this weekend.Belgorod Governor Vyacheslav Gladkov,...
Lower Inflation Expectations Weigh on NZD, Anticipation Builds for US CPI Release
New Zealand Dollar dips mildly as the new week began on a quiet note. This comes in wake of New Zealand weaker services data and the decline in short-term inflation expectations, which may provide some relief to RBNZ about the persistence of high inflation. However,...
Understanding Polygon Amoy Testnet and Acquiring MATIC Tokens
Introduction to Polygon Amoy TestnetThe Polygon Network, a leading platform for Ethereum scaling and infrastructure development, has introduced the Polygon Amoy testnet. This testnet enables developers to test their decentralized...
Speculators boost Yen bets, bring Euro & USD Index out of bearish 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 7th and shows a quick view of how large market...
An in-depth guide to Multi-Signature Smart Contracts
As the world of blockchain and cryptocurrencies continues to expand, the need for secure, multi-user access to digital assets is becoming increasingly important. One solution to this issue is the use of multi-signature (multi-sig) smart contracts. The Sui Blog...
IL&FS seeks fresh MMRDA approval for transfer of HQ in Mumbai’s BKC, ET BFSI
Beleaguered infrastructure lender IL&FS has applied for a fresh approval from the Mumbai Metropolitan Region Development Authority (MMRDA) for transfer of its headquarters, an iconic 10-storey property in Mumbai's business district Bandra-Kurla Complex (BKC), to...
BOE sends clearest sign yet of interest-rate cuts, ET BFSI
The Bank of England sent its clearest signal yet that it was closing in on interest-rate cuts, with Governor Andrew Bailey indicating markets were underpricing the pace of easing in the months ahead.The BOE governor made his comments after the UK central bank voted...
Rupee bonds likely to outperform US and other developed markets, ET BFSI
Mumbai: Foreign investors in local markets have historically factored in the rupee's depreciation versus the US dollar, but stronger macroeconomic fundamentals, sweeping improvements in market infrastructure, and formidable central bank reserves have started to...
Best Decentralized Exchanges (DEXs) 2024
Cryptocurrency exchanges are the biggest tools used in the crypto industry at the moment. The first crypto exchange was created in 2010, and then many others made their entry into the market, improving the accessibility of cryptocurrencies. However, centralized...
How Punjab National Bank has revamped loan recovery with Data Analytics, ET BFSI
Punjab National Bank (PNB) is leveraging technology and inclusivity to improve loan recovery. The bank has implemented data analytics to identify customers at risk of delayed payments."We can pinpoint which borrowers need a gentle reminder, require follow-up calls, or...
Here’s how you can check status, ET BFSI
After a healthy response for the IPO, Aadhar Housing Finance is likely to finalise the share allotment tomorrow. The issue was booked nearly 26 times at close. Investors can check the status of their share allotment on the BSE or even by logging in to the registrar's...
Inflation trap? Stock market’s near-record run faces the most crucial CPI reading of 2024
These ideas could help protect your portfolio from stubborn levels of inflation
SBI’s 85 pc hires to be engineering grads in FY25, BFSI News, ET BFSI
Eighty-five per cent of about 12,000 freshers set to join the country's largest lender SBI in FY25 are engineering graduates, its chairman Dinesh Khara has said. The bank is in the process of onboarding up to 12,000 freshers in the roles of probationary officers and...
Report, BFSI News, ET BFSI
New Delhi [India], May 12 (ANI): While the Rupee closed broadly unchanged in April, it briefly touched a record low during the month. Outflows of funds by foreign portfolio investors (FPIs) and the strength of the US dollar have kept the domestic currency under...
Big retailers report as Q1 earnings wind down. This company has been the biggest drag on the S&P 500’s results.
Groceries and houses are still way more expensive than they were before the pandemic. This week, two of the nation’s largest retailers — Walmart Inc. and Home Depot Inc. — will probably have more to say about it.
Binance Launchpool Introduces Omni Network (OMNI) Tokens
Binance Launchpool brings Omni Network (OMNI) Tokens Binance has announced the introduction of Omni Network (OMNI) tokens on its Launchpool platform. This marks the 52nd project that Binance Launchpool has introduced. Omni Network is a...
IVF treatment demand drops after Alabama ruling, and Progyny’s stock tumbles
Progyny’s stock tumbled Friday after the fertility-services company said the Supreme Court of Alabama’s February ruling regarding in vitro fertilization seemed to scare off some potential customers.
A challenging star witness in Donald Trump’s hush money trial
Michael Cohen, former attorney for Donald Trump, leaves after attending the Trump Organization civil fraud trial in New York State Supreme Court in the Manhattan borough of New York City on Oct. 24, 2023.Jeenah Moon | ReutersHe once said he would take a bullet for...
FX week in review: Prospero client funds, 26 Degrees/INV delisted, Capital.com volumes, Robinhood record results
How much of the $19 million in client funds held at now-shuttered Australian Retail FX and CFDs broker Prospero Markets do liquidators expect to be able to refund? And how soon? Why did the Tokyo Stock Exchange delist the shares of INV Inc, operator of institutional...
Forex and Cryptocurrency Forecast – Action Forex
EUR/USD: Medium-Term Outlook Favours the Dollar Throughout the past week, EUR/USD exhibited mixed dynamics, primarily driven by expectations concerning potential interest rate cuts by the US Federal Reserve (Fed) and the European Central Bank (ECB). Statements by...
OKX Announces Notcoin (NOT) Addition to Jumpstart Mining
OKX Announces Notcoin Addition to Jumpstart Mining Leading cryptocurrency exchange, OKX, has announced the addition of Notcoin (NOT) to its Jumpstart Mining programme. TON holders will be able to stake their tokens and earn NOT in return...
Guide on Acquiring Polygon Amoy Testnet MATIC Tokens
Understanding the Polygon Amoy Testnet The Polygon Network has introduced a new testnet, known as the Polygon Amoy. This testnet platform is designed for developers and users to test transactions using MATIC tokens before making actual...
Will Social Security still be around when you retire? That’s at least a $500,000 question.
If you’re worried about the projected shortfall that will come in 2035, here’s how to do the math on your own retirement-success chances.
Binance Charity Donates $1 Million in BNB to Flood Victims in Brazil
Binance Charity Extends Aid to Brazilian Flood VictimsIn response to the recent devastating floods and heavy rains in the Southern Region of Brazil, Binance Charity is extending a helping hand. The charitable arm of the world's largest...
I’m 62, own a home, have an IRA, HSA and CDs, but I’m conservative. How do I take my money out when I retire?
“I don’t yet have a good strategy for liquidating my current assets for income.”
If the economic outlook is so good, why are people tapping their 401(k)s?
Bank of America has suddenly reported a sharp jump in the size of loans and hardship withdrawals from its 401(k) plans
Copper, Fed Funds, Brazil Real & Sugar top Bullish & Bearish Positions :: InvestMacro
By InvestMacroThe latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on May 7th.This weekly Extreme Positions report highlights the Most Bullish and Most Bearish...
The hot new hangout for retirees: senior centers
Modernized senior centers offer activities and community for a growing population
The real winner of the Drake-Kendrick Lamar feud is Chinese restaurant New Ho King
The rap beef between Drake and Kendrick Lamar is leading to more sales of, well, beef.
Speculator bets led by DowJones & Russell 2000 :: 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 7th and shows a quick view of how large traders...
Polkadot (DOT) New Vision: JAM Session Unveiled by Gavin Wood
Gavin Wood Unveils Polkadot's New Vision During the recent Token 2049 event in Dubai, Polkadot's founder, Gavin Wood, unveiled a bold new vision for the blockchain platform. The announcement, which was made at a JAM Session, outlined the...
Coinbase: Cryptocurrency Aids Americans in Maintaining Financial Stability
Crypto's Role in Ensuring Economic Equality As the world grapples with economic inequality, cryptocurrency emerges as a viable solution to help Americans keep their share of the pie. A recent post on Coinbase's blog highlights the...
Sorry, Elon: Warren Buffett won’t be buying Tesla stock
Tesla doesn’t fit the Berkshire Hathaway formula.
Donald Trump shuts down Nikki Haley VP rumors
Combination showing Republican presidential candidate and former U.S. Ambassador to the United Nations Nikki Haley (L) and Former U.S. President and Republican presidential candidate Donald Trump, campaigning in New Hampshire on Jan. 23rd, 2024.ReutersDonald Trump on...
Bijith Bhaskar resigns as ICICI Bank’s cards and payments head, ET BFSI
Bijith Bhaskar on Friday resigned as ICICI Bank's head of Cards, Payment Solutions, E-Commerce Ecosystem, Merchant Ecosystem, Consumer Finance w.e.f May 18, 2024."We wish to inform you that Mr. Bijith Bhaskar, Head – Cards, Payment Solutions, E-Commerce Ecosystem,...
Speculator bets led by Platinum & Copper :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday May 7th and shows a quick view of how large traders...
The Fed should let Treasury yields rise and end its obsession with lower rates
Higher interest rates are actually healthy for stocks and the economy.
DBS Bank India rolls out initiative to support women re-entering the workplace, ET BFSI
This initiative is part of the bank's focus on developing a more diverse workforce and supporting employees through different life stagesDBS Bank India has rolled out a programme aimed at women who are transitioning back into the workspace, including new mothers.This...
Meme-stock OG GameStop is sparking memories of the heady days of 2021
GameStop Corp.’s surging share price has been sparking memories of the videogame retailer’s meme-stock heyday three years ago.
Speculator bets led by Fed Funds & Ultra 10-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 7th and shows a quick view of how large traders...
Extending Trump-era tax-code overhaul could stick these 6 groups with a big bill
The strategy of funding tax cuts with debt may no longer be feasible.
This ‘bank message’ could be a scam; how to identify, save money, ET BFSI
One type of phishing attack — smishing (SMS phishing) is now being used to dupe customers of banks. If you have a bank account, you must be aware of it to avoid falling prey to this latest scam. What is it? How do fraudsters use it to empty your bank account? Find out...
Speculator bets led by Corn & Soybeans :: 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 7th and shows a quick view of how large traders...
‘Looking for a small miracle!’ This couple used a newspaper ad to find an affordable, accessible place to live.
The couple found the statistical needle in a haystack — but the fix is temporary.
Summary 5/13 – 5/17
Monday, May 13, 2024 Tuesday, May 14, 2024 Wednesday, May 15, 2024 Thursday, May 16, 2024 Friday, May 17, 2024 The post Summary 5/13 – 5/17 appeared first on Action Forex.
SoftBank seen returning to loss in Q4 despite tech stock strength, ET BFSI
Japanese technology investor SoftBank Group is expected to slip back into the red when it reports earnings on Monday despite technology stocks including Arm Holdings , its core asset, performing well over the quarter.Analysts and investors are also eagerly awaiting...
I’m 67 with $25,000 saved for retirement, but I just got a big pay raise. Should I claim Social Security now while I’m still working?
“I don’t have a financial adviser because no one‘s going to take $25,000.”
EUR/CHF Weekly Outlook – Action Forex
EUR/CHF turned into sideway consolidations last week but overall outlook is unchanged. Initial bias remains neutral this week first. Fall from 0.9835 is seen as the third leg of the corrective pattern from 0.9847. Risk will stay on the downside as long as 0.9835...
Some retirees like to be alone — is that a bad thing?
Is flying solo bad for your health?
Co-lending accelerates balance sheet growth and optimal fund utilisation, say NBFC leaders, ET BFSI
~ Shrishti SharmaIn 2018, the RBI introduced the co-lending model, which was later redefined in November 2020. Banks and non-banking financial companies (NBFCs) then joined forces to pursue financial inclusion by enhancing priority sector lending in India.At ETBFSI’s...
EUR/AUD Weekly Outlook – Action Forex
EUR/AUD recovered last week after edging lower to 1.6216. Initial bias remains neutral this week and more consolidations could be seen. But further decline is expected as long as 1.6494 resistance holds. Fall from 1.6742 is seen as the third leg of the corrective...
OKX Announces Wallet Service Maintenance
OKX Wallet Undergoing Maintenance OKX, a leading cryptocurrency exchange, has announced that its wallet service is currently under maintenance. The exchange is undertaking this maintenance to upgrade its services and improve the user...
Why a less chaotic bond market could signal potential stock-buying opportunities
Volatility in the world’s largest bond market has experienced a downward trend in 2024 — a welcome sign for stock investors, as a relatively quiet government-debt market could offer buying opportunities in U.S. equities, according to Ned Davis Research.
EUR/JPY Weekly Outlook – Action Forex
EUR/JPY’s rebound last week suggest that pullback from 171.58 has completed at 164.01 already. Initial bias stays on the upside this week for 168.64 resistance, as the second leg of the corrective pattern from 171.58. On the downside, break of 166.73 minor support...
This Social Security rule change could help millions of people who get food benefits
Under a new rule, people receiving and applying for Supplemental Security Income will now have an easier time getting benefits.
Most brokerages positive on SBI, many raise targets, BFSI News, ET BFSI
Mumbai: Analysts at most top brokerages raised or retained share price targets on State Bank of India after the lender reported strong March quarter results. The stock fell 0.36% to close at ₹816.85.Analysts said the state-owned lender's results, which beat estimates,...
I’m a 42-year-old single mom of 8 who gave away all my money. I’m tired of struggling. What do I do?
‘I am finally reviewing my financial life and have clearly made many mistakes’
GBP/JPY Weekly Outlook – Action Forex
GBP/JPY’s rebound last week suggests that pullback from 200.53 has completed at 191.34 already. It’s now in the second leg of the corrective pattern from 200.53. Initial bias stays mildly on the upside this week for 197.40 resistance. On the downside, break of 193.82...
HDFC Bank invests Rs 5 crore in this buzzing SME IPO in anchor round, ET BFSI
Leading private lender HDFC Bank has subscribed to the SME IPO of ABS Marine Services through the anchor round by investing Rs 5 crore. The bank was allotted 3.4 lakh shares at Rs 147 per share, furthering the recent trend of legacy institutional investors looking at...
NHL CEO, other Latino executives found Latinos in Sports platform
Xavier Gutierrez, CEO of the Arizona Coyotes and CEO of ImpactX Sports Group (L), and Pedro Guerrero, CEO of Guerrero Media.Courtesy: Guerrero MediaWhen the National Hockey League's Arizona Coyotes sold its franchise to Utah last month, the league didn't just lose an...
My property-tax bill spiked 40%. I fought the city — and won. Can I get tax write-offs for my time and costs?
Mad about your property taxes? Join the club.
USD/CAD Weekly Outlook – Action Forex
USD/CAD reversed after rebounding to 1.3761 and the development suggests that correction from 1.3845 is still extending. Initial bias remains neutral this week first. On the upside, break of 1.3761 resistance will argue that correction from 1.3845. Intraday bias will...
How the S&P 500’s return over the next decade could average just 1% a year
The danger to stocks from abnormally high profit margins.
RBI says 15 NBFCs surrendered registration certificates, BFSI News, ET BFSI
The Reserve Bank of India (RBI) announced on Friday that 15 Non-Banking Financial Companies (NBFCs), including Tata Capital Financial Services and Revolving Investments, have surrendered their certificates of registration for various reasons. Among these, nine NBFCs...
USD/CHF Weekly Outlook – Action Forex
USD/CHF stayed in consolidation above 0.9005 last week. Initial bias remains neutral this week and more sideway trading could be seen. Further decline is in favor as long as 55 4H EMA (now at 0.9087) holds. On the downside, break of 0.9005 and sustained trading below...
Home prices keep climbing nationally, but they’re falling in these 15 markets
Home prices see growth in 93% of U.S. metropolitan areas despite ‘highest mortgage rates in two decades,’ National Association of Realtors says says.
Global Markets Rally on Central Bank Easing Signals; Currencies Show Subdued Movements
Global markets were buoyed by pervasive risk-on sentiment last week, with both FTSE and DAX setting new records and major US indices posting substantial gains. Even Hong Kong HSI extended its rally from January’s lows by 25%, underscoring a broad uptick in investor...
Banks in these cities will be closed for phase 4 of elections on Monday, May 13, ET BFSI
The fourth round of the seven-phase Lok Sabha 2024 elections is scheduled for May 13 according to the Election Commission of India's (ECI) timetable. The votes from all polls will be tallied on June 4. On election day, schools and institutions inside the...
Apple’s AI future can be summed up with a big question mark
How will ‘Apple Intelligence’ differ from Google, Amazon and other rivals?
GBP/USD Weekly Outlook – Action Forex
GBP/USD dipped to 1.2445 last week but recovered since then. Initial bias remains neutral this week, and further rise is mildly in favor. On the upside, break of 1.2633 will resume the rally from 1.2298 to 1.2708 resistance next. However, firm break of 1.2445 will...
Can good coffee help fix the office? Corporations think it helps.
The U.S. office market still needs a bigger fix as values of distressed buildings fall by half.
Sweetgreen, Chipotle and Wingstop aren’t seeing a consumer slowdown
A food delivery messenger carries a take-out bag outside a Sweetgreen in Manhattan, New York City, on Sept. 14, 2023.Jeenah Moon | The Washington Post | Getty ImagesHigh-income consumers helped Chipotle Mexican Grill, Wingstop and Sweetgreen report strong sales this...
Primary market to host Go Digit’s highly-anticipated issue, 4 SME IPOs & 12 listings next week, ET BFSI
After a hectic week, the primary market is geared up for one of the most-awaited IPOs of the year as Go Digit is set to launch its maiden public offer on May 15.Despite being the month of general elections, Dalal Street saw three companies raise over Rs 6,000 crore in...
This Mother’s Day gift is a guaranteed hit — and costs $0
Here’s what I didn’t understand about motherhood until I became a parent myself.
USD/JPY Weekly Outlook – Action Forex
USD/JPY’s rebound last week suggests that pullback from 160.20 has completed at 151.86 already. It’s now in the second leg of the corrective pattern from 160.20. Further rise could be seen towards 157.98 resistance. On the downside, break of 154.23 will suggest that...
As stocks near record highs, a sense of complacency is returning to the options market
A sense of complacency that pervaded options markets during the first quarter is returning, as stocks have resumed their march toward record highs following April’s short-lived selloff.
RBI says 15 NBFCs surrendered registration certificates, BFSI News, ET BFSI
The Reserve Bank of India (RBI) announced on Friday that 15 Non-Banking Financial Companies (NBFCs), including Tata Capital Financial Services and Revolving Investments, have surrendered their certificates of registration for various reasons. Among these, nine NBFCs...
EUR/USD Weekly Outlook – Action Forex
EUR/USD stayed in consolidation below 1.0810 last week. Initial bias stays neutral this week but further rally is expected as long as 55 4H EMA (now at 1.0744) holds. On the upside, above 1.0810 will resume the rebound from 1.0601 to 1.0884 resistance next. However,...
IMF doubts Pakistan’s ability to repay debts as support team arrives in Islamabad, ET BFSI
NEW DELHI: International Monetary Fund (IMF) has expressed serious concerns about Pakistan's ability to repay its debts, particularly to the global lender itself. The IMF's assessment came as its support team arrived in Pakistan on Friday to discuss a new bailout...
AUD/USD Weekly Report – Action Forex
AUD/USD turned into consolidation below 0.6645 last week. Initial bias stays neutral this week first, and more sideway trading could be seen. Further rise is in favor as long as 55 4H EMA (now at 0.6575) holds. Above 0.6645 will resume the rebound from 0.6361. On the...
Union Bank of India Q4 net profit rises 18 pc on lower provisions, ET BFSI
Mumbai, State-owned Union Bank of India on Saturday reported an 18.36 per cent growth in its consolidated net profit for the March quarter to Rs 3,328 crore, helped by lower provisions. For the fiscal 2023-24, the lender reported a consolidated net profit of Rs 13,797...
Apple refreshes iPad Air and iPad Pro lineups — while talking up AI
Apple announced a refreshed tablet lineup Tuesday on what Chief Executive Tim Cook called the “biggest day for iPad since its introduction.”
EUR/GBP Weekly Outlook – Action Forex
EUR/GBP’s rebound from 0.8529 continued last week but lost momentum after hitting 0.8619. Initial bias is turned neutral this week first. On the downside, below 0.8585 minor support will argue that rebound from 0.8529 has completed, and larger fall might be ready to...
Global stocks are no longer a monolith. Why India and Japan ETFs are drawing investors into single-country funds in 2024.
U.S. investors are snapping up ETFs with a single country focus in 2024, dumping multinational funds and bypassing China’s market in favor of other emerging nations with stronger growth prospects.
Aadhar Housing Finance IPO subscribed 25.49 times on final day, ET BFSI
NEW DELHI: The initial public offer of Aadhar Housing Finance, which is backed by private equity major Blackstone, received 25.49 times subscription on the closing day of the share-sale on Friday. The Rs 3,000 crore initial share-sale received bids for 1,78,65,45,247...
How the 45-day rule clause in I-T Act causing hurdles for MSME businesses?, ET BFSI
How the 45-day rule clause in I-T Act causing hurdles for MSMEs businesses?The 45-day rule for the MSME businesses has been in an imbroglio since it came into effect. This has happened to such an extent that the associations have moved the Supreme Court, urging its...
Ford names ex-Lucid Motors exec as next CFO, promotes current chief
Ford's Chief Financial Officer John Lawler and Linda Zhang, chief engineer for the company's All Electric F-150 Lightning, participate in the opening bell ceremony at the New York Stock Exchange, April 28, 2022.Brendan Mcdermid | ReutersFord Motor on Friday named the...
Weekly Economic & Financial Commentary: The Calm Before the Storm
Summary United States: The Calm Before the Storm Was it an unwillingness to share the limelight with the world’s central banks or just a quirk of the domestic economic calendar? Either way, it was an extraordinarily light week for U.S. economic data. Next week:...
Subsidized internet and online-safety measures fail to make it into FAA bill
Democrats and Republicans in the U.S. Senate floated a number of closely watched measures for inclusion in a key bill that authorizes the Federal Aviation Administration — but in the end, supporters of the measures were left disappointed.
IIFL Securities appoints Nemkumar as managing director, BFSI News, ET BFSI
New Delhi, Financial Services firm IIFL Securities Ltd on Friday said that it has appointed Nemkumar H as managing director for five years. He would replace R Venkataraman, currently the chairman and managing director, from May 15, 2024. The said appointment is...
RBI looks at asset reconstruction companies amid a flood of allegations, ET BFSI
India’s central bank leadership is scheduled to meet the top management of asset reconstruction companies (ARC) next week to discuss corporate governance and stressed-asset resolutions amid concerns of potential back-door entry by defaulting promoters, people with...
Is this the worst Mother’s Day gift ever? ‘I’ve been happily married for six years, but that could change after my husband’s “generous” suggestion.’
“I work full-time. We usually take turns picking up our child from daycare, but this rubbed me the wrong way.”
Climate protesters try to break into Tesla Germany factory: Police
Police confront environmental activists in a forest near the Tesla Gigafactory electric car factory near Gruenheide, Germany, May 10, 2024.Axel Schmidt | Getty ImagesClimate protesters angry about Tesla's plans to expand its Berlin-Brandenburg Gigafactory in Germany...
Goldman, American Express are among top companies for parents: study
Vadym Buinov | Moment | Getty ImagesWorking parents, guardians or caretakers know the challenge of striking the delicate balance between work and care responsibilities.From paid parental leave to quality health-care coverage and equal pay that cover child care costs,...
The Weekly Bottom Line: Canada – Jobs Surge Delays Rate Cut Bets
U.S. Highlights The Federal Reserve Senior Loan Officer Opinion Survey showed that most banks tightened lending standards further in the first quarter, with demand for loans falling in concert. Growth in U.S. consumer credit slowed materially in March as the upward...
Why Alphabet investors shouldn’t worry about OpenAI’s search engine — for now
Competition in search looms, but whether it will it be a big improvement is the big question.
Elon Musk’s X loses lawsuit against Bright Data over data scraping
Tesla CEO Elon MuskOmar Marques | Getty ImagesA federal judge in California dismissed a lawsuit filed by Elon Musk's X against Israel's Bright Data, in a case that involved the scraping of public online data and its appropriate uses. X, formerly Twitter, sued Bright...
Oil prices mark modest moves for the week with supply-and-demand risks in focus
Oil futures ended lower on Friday, but U.S. and global benchmark prices made only modest moves for the week as traders weighed demand prospects as well as risks to supplies in the Middle East.
Kotak Mahindra Bank plans to hire 400 engineers to ramp up tech transition, ET BFSI
With the hires this year, the bank will have achieved a “critical mass” in talent and additions would be gradual after that, he saidKotak Mahindra Bank Ltd. plans to hire around 400 engineers this year as it races to upgrade its technology systems after coming under...
Blink Charging’s stock rallies as CEO talks about Tesla layoffs and EV demand
Shares of Blink Charging Co. rallied Friday after the provider of electric-vehicle charging equipment and services suggested the recent news regarding Tesla Inc.’s Supercharger unit was actually good for business.
USDCAD Slips Beneath 20-day SMA
USDCAD may retest the uptrend line MACD and RSI lose steam USDCAD is sliding beneath the 20-day simple moving average (SMA) and is approaching the medium-term ascending trend line around the 1.3630-1.3610 support region. Technically, the MACD oscillator is holding...
US banking giants had ‘significant’ challenges estimating climate risks: Fed, ET BFSI
Washington, May 10, 2024 -Six US banking giants reported having "significant" challenges when estimating the financial risks from climate change because of a lack of good data, the Federal Reserve said Thursday. The six large banks, including Bank of America,...
Gold prices settle at 3-week high as ‘soft’ U.S. data support rate cuts this year
Gold futures climb sharply on Friday to settle at their highest in three weeks, as downbeat U.S. economic data supported the likelihood of Federal Reserve interest-rate cuts this year.
McDonald’s working on $5 value meal
A McDonalds located on Santa Monica Blvd in Los Angeles, California, April 1, 2024.Robert Gauthier | Los Angeles Times | Getty ImagesMcDonald's is working to introduce a value meal in U.S. stores to help offset an increasingly challenging environment for consumers,...
(ECB) Monetary policy accounts – Action Forex
Account of the monetary policy meeting of the Governing Council of the European Central Bank held in Frankfurt am Main on Wednesday and Thursday, 10-11 April 2024 10 May 2024 1. Review of financial, economic and monetary developments and policy options Financial...
For Mother’s Day, 5 economists share the best financial advice their moms gave them
For Mother’s Day, MarketWatch asked five economists about the financial lessons their moms imparted.
Bandhan Bank in talks to raise $250-million debt from IFC, ET BFSI
Kolkata: Bandhan Bank is in talks with International Finance Corporation to raise about $200-250 million debt capital by issuing infrastructure bonds, primarily to grow its affordable housing portfolio, a person familiar with the matter said.The funding with a tenure...
Democratic congressman warns crypto may become winning issue for GOP after Trump voices support
Democratic Congressman Wiley Nickel’s remarks came after presumptive Republican presidential nominee Donald Trump expressed support for cryptocurrencies — and criticized the Biden administration’s efforts to regulate digital assets.
June rate cut plausible, ECB accounts indicate
In the accounts from their April monetary policy meeting, ECB confirmed that it is “plausible” to be in a position to start cutting interest rates as early as June, contingent upon incoming evidence supporting the medium-term inflation forecasts established in March....
Sweetgreen shares soar 35% after company beats revenue expectations
People dine outside a Sweetgreen in Manhattan.Jeenah Moon | The Washington Post | Getty ImagesSweetgreen shares surged 35% on Friday after the company topped Wall Street's revenue expectations for the first quarter.The salad chain reported $158 million in revenue,...
Finance Ministry hosts workshop on best AI practices for bank chiefs, ET BFSI
New Delhi, The Finance Ministry on Thursday held a workshop for CEOs and MDs of 12 public sector banks and other financial institutions to provide them with insights into the best practices for AI adoption and risk mitigation in the banking sector.Vivek Joshi,...
Does Goldman’s hiring of Fed veteran Kaplan presage a Vampire Squid sequel?
Kaplan, as head of the Dallas Fed and an FOMC member, was revealed to have been active in the stock market at the outset of the pandemic.
Canada’s employment rises 90.4k in Apr, unemployment rate unchanged at 6.1%
Canada’s employment grew strongly by 90.4k in April, well above expectation of 17.5k. Unemployment rate was unchanged at 6.1%, below expectation of 6.2%. Employment rate was unchanged at 61.4%. Total hours worked rose 0.8% mom. Average hourly wages rose 4.7% yoy,...
Jim Simons, considered one of the world’s greatest investors, dead at 86
Billionaire investor Jim Simons, a mathematician who founded one of the most profitable investment firms of all time and pioneered the field of quantitative investing, has died at the age of 86.
R Lakshmi Kanth Rao apointed as RBI’s Executive Director, ET BFSI
The Reserve Bank of India (RBI) on Friday appointed of R. Lakshmi Kanth Rao as Executive Director (ED). It said that the appointment will be effective from May 10 (Friday) itself.Prior to being promoted as ED, Rao was serving as Chief General Manager-in-Charge in the...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 155.12; (P) 155.54; (R1) 155.91; More… No change in USD/JPY’s outlook and intraday bias stays mildly on the upside. Rebound from 151.86 is seen as the second leg of the corrective pattern from 160.20 high. Further rise would be seen to 157.98...
Are banks closed on Saturday, May 11, 2024?, ET BFSI
Many Indians keep their bank-related work for Saturdays. In India, banks are closed on the second and fourth Saturdays and all Sundays of the month. The first, third and five Saturdays of the month are working days for banks. So, bank customers must make sure that...
Exclusive: Ahmed Gomaa joins Doo Prime as Sales Manager
FNG Exclusive… FNG has learned that experienced MENA region executive Ahmed Goma has joined Retail FX and CFDs broker Doo Prime, as Sales Manager. Ahmed Gomaa, who is based out of Egypt, has worked in senior Business Development roles for MultiBank, easyMarkets, FXTM,...
Here’s how Apple might take AI to the next level
Also, new index ETFs to help investors narrow their focus and an interview with Maurice Saatchi.
Week Ahead – US Inflation Numbers to Shake Fed Rate Cut Bets
Fed rate-cut speculators rest hopes on US inflation data After dovish BoE, pound traders turn to UK job numbers Will a strong labor market convince the RBA to hike? More Chinese data on tap amid signs of slow Q2 start Spotlight turns to US CPI numbers At last week’s...
Fat Brands, chair Andy Wiederhorn indicted in $47 million loan scheme
Andy Wiederhorn, former Fatburger CEO.CNBCFederal authorities on Friday charged Fat Brands and its chair Andy Wiederhorn of committing a brazen scheme that netted him $47 million in bogus loans from the restaurant company that owns Fatburger, Johnny Rockets and Twin...
Atul Kumar Goel, PNB, ET BFSI
"No, I do not foresee any challenges and guidance which we are giving for the next financial year 11% to 12%. It is easily achievable because our focus is on the RAM, that is our focus area," says Atul Kumar Goel, MD & CEO, PNB.First up, let us talk about the...
Biden wants ‘tax fairness’ as cuts expire next year. Here’s who would pay more.
A top aide to President Joe Biden on Friday cast a battle over expiring tax cuts as a fight for fairness, saying corporations and top earners should contribute more.
Biden and Netanyahu’s fraught relationship hits new low
Israeli army main battle tanks and other military vehicles are positioned in southern Israel near the border with the Gaza Strip on May 9, 2024, amid the ongoing conflict in the Palestinian territory between Israel and the Hamas movement.Ahmad Gharabli | AFP | Getty...
Understanding Consensus Protocols: A Comparative Study of PBFT and BBCA-Chain by Chainlink (LINK)
Sequential vs Parallel Consensus Protocols: PBFT and BBCA-Chain Andrew Lewis-Pye, Dahlia Malkhi, and Oded Naor, prominent figures in the blockchain industry, recently expanded the discussion on view synchronization in consensus protocols...
U.S. Inflation in April to Look Softer After Upside Surprises
All eyes will be on U.S. April inflation numbers on Wednesday after a string of upside surprises made earlier expectations for interest rate cuts from the Federal Reserve in the near term unlikely. We expect to see some softening in price growth in April. Headline...
Zeekr to go public, with China-based EV maker valued at more than $5 billion
Investors will have another way to ride the electric-vehicle sector on Friday, as China-based Zeekr Intelligent Technology Holding Ltd. is set to go public with a market valuation of more than $5 billion.
Bank of Baroda Q4 profit rises marginally to Rs 4,886 crore, BFSI News, ET BFSI
New Delhi, State-owned Bank of Baroda (BoB) on Friday posted a marginal 2.3 per cent rise in net profit at Rs 4,886 crore for the fourth quarter ended March 2024. The bank had earned a net profit of Rs 4,775 crore in the January-March quarter a year ago. The total...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.9042; (P) 0.9071; (R1) 0.9087; More…. No change in USD/CHF’s outlook and intraday bias stays neutral. Further decline is in favor as long as 55 4H EMA (now at 0.9088) holds. On the downside, break of 0.9005 and sustained trading below 55 D EMA...
Trump White House aide Steve Bannon contempt of Congress conviction upheld
Steve Bannon, former adviser to Donald Trump, arrives to federal court in Washington, D.C., U.S., on Wednesday, March 16, 2022.Ting Shen | Bloomberg | Getty ImagesA federal appeals court on Friday upheld the criminal contempt of Congress conviction of former Trump...
U.S. consumer sentiment sours in May
The University of Michigan’s gauge of consumer sentiment fell to 67.4 in a preliminary May reading, down from 77.2 in the prior month.
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2471; (P) 1.2499; (R1) 1.2552; More… Intraday bias in GBP/USD stays neutral for the moment. Strong bounce from current level will retain near term bullishness. Further break of 1.2633 will resume the rebound from 1.2298 to 1.2708 resistance next....
Novavax shares more than double on Sanofi’s $1.4 billion investment for combo vaccine
The French pharmaceutical giant will work with Novavax to commercialize its existing COVI-19 vaccine and help develop a new combined vaccine for both COVID-19 and Influenza
100% provision by the bank in GoFirst case, will be able to recover the loans fully: Debadatta Chand, ET BFSI
After reporting a strong yoy performance, public sector lender Bank of Baroda MD & CEO Debdatta Chand revealed that the bank has a 100 per cent aviation provision with regards to the GoFirst bankruptcy case. The CEO highlighted that the bank would be able to...
Taheer Sardar sentenced to 18 months’ imprisonment for perverting course of justice
Taheer Sardar was sentenced to 18 months’ imprisonment for perverting the course of justice at Southwark Crown Court today. Mr Sardar pleaded guilty on 7 May 2024. Mr Sardar was interviewed by the UK Financial Conduct Authority (FCA) as part of an investigation it was...
EV startups Rivian, Lucid, Nikola attempt to shore up cash
R1T trucks on the assembly line at the Rivian electric vehicle plant in Normal on April 11, 2022. Brian Cassella | Tribune News Service | Getty ImagesOnce-hot electric vehicle startups — years ago fueled by low interest rates, free cash and Wall Street bullishness —...
Moderna says FDA will not complete review of RSV vaccine by May 12 deadline
The FDA cited administrative constraints for the delay, Cambridge, Mass.-based Moderna said in a statement.
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0742; (P) 1.0764; (R1) 1.0803; More… No change in EUR/USD’s outlook and intraday bias stays neutral. Further rally is expected as long as 55 4H EMA (now at 1.0742) holds. On the upside, above 1.0810 will resume the rebound from 1.0601 to 1.0884...
Sam Altman takes nuclear startup Oklo public to power AI ambitions
Sam Altman is now chairman of a public company. But it's not OpenAI.On Friday, advanced nuclear fission company Oklo started trading on the New York Stock Exchange. The company, which has yet to generate any revenue, went public through a special purpose acquisition...
PAT rises 2% YoY to Rs 4,886 crore; dividend declared at Rs 7.6/share, ET BFSI
State lender Bank of Baroda (BoB) on Friday reported a standalone net profit of Rs 4,886 crore for the quarter ended March 31, 2024, a marginal 2.3% uptick compared to the profit figure of Rs 4,775 crore reported by the bank in the same period last year.The board also...
My 19-year-old son wants to get married so Uncle Sam will ‘kick in more scratch’ for his girlfriend’s financial aid. Is this a terrible idea?
“She wants to join my son at his private liberal-arts college that costs $83,000 a year.”
Mogo amends existing $60M senior credit facility
Mogo Inc. (NASDAQ:MOGO), a digital wealth and payments business, today announced an amendment to its existing senior credit facility with funds managed by affiliates of Fortress Investment Group LLC. The amendment extends the maturity date of the Credit Facility from...
Top White House aide resumes testimony in hush money case
Madeleine Westerhout, a former Trump executive assistant, departs Manhattan Criminal Court on May 09, 2024 in New York City.Michael M. Santiago | Getty ImagesThis is developing news. Check back for updates throughout the day.A former top White House aide with deep...
Canada’s Labour Market Explodes Higher in April
The Canadian labour market gained 90.4k positions in April, with full-time employment up 40.1k and part-time employment up 50.3k. The unemployment rate was unchanged at 6.1% and the participation rate rose 0.1 percentage point to 65.4%. Employment by sector showed...
Kintsu Testnet Launches Exclusively on May 13th – Blockchain News, Opinion, TV and Jobs
London, UK, May 10th, 2024, Chainwire Kintsu, a leading innovator in the DeFi space, is thrilled to announce the launch of its highly anticipated Testnet on May 13th. This exclusive event invites a select group, including the Kintsu OGs, to pioneer a new era in liquid...
Sweetgreen’s stock soars as analysts welcome nationwide rollout of steak dishes
Management has adapted well to the new normal of the operating and consumer environment and has got back to executing growth strategies aggressively, analysts said.
Punjab National Bank to close dormant accounts starting June 1, ET BFSI
Punjab National Bank has announced its decision to close dormant or inactive accounts, as detailed in a recent public notice.This measure aims to mitigate the risk of potential misuse associated with dormant accounts.The bank will identify accounts meeting the...
Fine art sales are down as collectors pull back
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 key May art sales at major auction houses are...
Canadian Dollar Rallies on Strong Job Data, Sterling Support by GDP
Canadian Dollar surges in early US session after much stronger than expected job data that blew past market expectations. The Loonie is taking over Sterling’s position as the best performer of the day, with the latter lifted slightly by strong UK GDP data. At the same...
Natural gas prices are rising amid falling inventories. The Bank of England expectedly kept the rate :: InvestMacro
By JustMarketsYesterday, the Dow Jones Index (US30) gained 0.85%, the S&P 500 Index (US500) added 0.51%, and the NASDAQ Technology Index (US100) closed positive 0.27%. Stock index prices found support on Thursday as bond yields fell after US weekly jobless claims...
It’s been a century since corporate bonds have outperformed government debt like this
It’s been at least a century since corporate bonds have outperformed government bonds to the degree that has been happening now.
MultiBank.io Achieves Perfect Security Score from Hacken
MultiBank.io, the cryptocurrency exchange arm within the MultiBank Group, proudly announces the attainment of a perfect Security Score from Hacken, a premier blockchain security auditor. This milestone signifies MultiBank.io’s steadfast dedication to...
BoE’s Pill cautions against overemphasis on June rate cut
BoE Chief Economist Huw Pill today advised against fixating on the possibility of an interest rate cut in the upcoming June meeting, describing such expectations as “probably a little bit ill-advised.” Pill clarified that a rate reduction next month is not a “fait...
Novavax and Sanofi to commercialize Covid vaccine, develop combo shots
A health worker prepares a dose of the Novavax vaccine as the Dutch Health Service Organization starts with the Novavax vaccination program on March 21, 2022 in The Hague, Netherlands.Patrick Van Katwijk | Getty ImagesNovavax on Friday said it has signed a...
Morgan Stanley notes operational changes for gold financiers following RBI directive, ET BFSI
Morgan Stanley notes operational changes for gold financiers following RBI directiveRecently, the Reserve Bank of India (RBI) has cautioned the non-banking finance companies (NBFCs) extending gold loans against breaching the Rs 20,000 cap on cash loan disbursal. RBI’s...
‘No return’ left for U.S. stock market in 2024, says Goldman’s David Kostin
The U.S. stock market’s climb this year probably has stalled for the rest of 2024, even as investors remain optimistic that companies stand to benefit from the adoption of artificial intelligence, according to Goldman Sachs Group’s David Kostin.
TradeStation modernizes transfer process in mobile app
TradeStation has released version 7.11.0 of the TradeStation – Trade & Invest app for iOS-based devices. The latest enhancements to the app include: Native Funding: Discover a modernized transfer process for quicker and more seamless funding on Mobile. Update now...
EURUSD Elliott Wave: Forecasting the Rally from Equal Legs Area
Greetings fellow traders. In this technical article we’re going to take a quick look at the Elliott Wave charts of EURUSD, published in members area of the website. As our members know, EURUSD has ended the cycle from the December’s 2023 peak. The pair has recently...
This time surging utility stocks are a danger to themselves but not the wider market
A powerful rally in the utilities sector is not a worry for the wider market this time
These four banks have revised fixed deposit interest rates in May 2024, ET BFSI
In May 2024, many banks, including Utkarsh Small Finance Bank (SFB), City Union Bank, RBL Bank, and Capital Small Finance Bank, revised their fixed deposit interest rates. Here is a list of banks and their revised FD rates in May, with the highest interest rates and...
USDInd set for volatile week? :: InvestMacro
USDInd ↑ almost 4% year-to-dateKey US CPI report under spotlightWatch out for Fed speechesTrading within range on D1 chartsLevels of interest – 106.50, 105.60 & 105.00The week ahead is jampacked with top-tier data and speeches by numerous policymakers.But the...
Gold prices soar to best level in weeks as weak jobs data drives rate-cut hopes
Weak weekly jobless claims has pushed more hopes for Fed rate cuts, driving gold prices to levels not seen in weeks on Friday.
Gold Price Regains Strength While Crude Oil Price Recovers
Gold price started a fresh increase above $2,320. Crude oil is recovering and might rise toward the $81.20 resistance zone. Important Takeaways for Gold and Oil Price Analysis Today Gold price started a decent increase from the $2,300 zone against the US Dollar. It...
Moderna says RSV vaccine FDA approval delayed to end of May
Nikos Pekiaridis | Lightrocket | Getty ImagesModerna on Friday said the Food and Drug Administration has delayed the approval of its vaccine for respiratory syncytial virus to the end of May due to "administrative constraints" at the agency.The FDA was expected to...
Rupee helped by dip in US yields, while election uncertainty weighs, ET BFSI
While too much should not be read into one round of data, the incoming data will be watched very closely for further evidence that the labour market momentum may be slowing, ANZ Bank said in a note.The Indian rupee on Friday will be aided by the drop in U.S. Treasury...
Report, BFSI News, ET BFSI
A recent report by IndiaP2P revealed that women are outpacing men in credit uptake year-on-year. CY23 witnessed women borrowers with active loans outpacing men growing from 67 million active borrowers to 78 million. This pace of growth is extremely encouraging and...
The surprising reason why utilities stocks have suddenly transformed into the hottest sector on Wall Street
It has little to do with the economy — and a lot to do with who will benefit from the rise of artificial intelligence.
Standard Chartered Hong Kong partners with Linklogis to launch e-commerce financing solution
Standard Chartered Bank (Hong Kong) Limited today announced its collaboration with Linklogis, a leading supply chain finance technology solution provider, for the development of tailored lending solutions to support small and medium-sized enterprises (SMEs) in their...
GBP/USD Analysis: Pound Recovers After the Bank of England Decision
Yesterday, the Bank of England published its interest rate decision. According to ForexFactory, the votes were distributed as follows: → rate hike – 0 votes, cut – 2 votes, unchanged – 7 (0 – 2 – 7); → forecast: 0 – 0 – 9; → previous values: 0 – 1 – 8. For the first...
Apple apologizes for new iPad ad that shows musical instruments being crushed
The Silicon Valley tech giant faced widespread backlash over its ad for the iPad pro
TVS Holdings acquires 80.74% stake in Home Credit India Finance for ₹554 Crore, ET BFSI
In a significant development within the financial services sector, TVS Holdings Ltd has announced its acquisition of an 80.74% stake in Home Credit India Finance Pvt Ltd (HCIFPL), a leading player in the consumer financing and personal loans segment. The acquisition,...
Hang Seng Index: Oversold-Led Positive Animal Spirits Overshadowed Currency War Risk
The Hang Seng Index has transformed into a medium-term uptrend phase with key support at 17,110. Momentum factor is now taking a front seat over fundamentals such as the deflationary risk spiral. A softer than-expected China CPI and PPI prints for April may further...
Nadex self-certifies HBAR Cryptocurrency Event Contracts
North American Derivatives Exchange, Inc. d/b/a Crypto.com | Derivatives North America has self-certified a swap, which is an event contract on Hedera Hashgraph (HBAR) cryptocurrency, which will be launched by the Exchange on or after May 10, 2024. The HBAR Crypto...
Ethereum Layer 2 Blockchain Eclipse Founder Temporarily Reduces Public Role Amid Sexual Misconduct Allegations
In light of recent claims of sexual misconduct, Neel Somani, the founder and CEO of Eclipse, an Ethereum scaling startup, has made the announcement that he would be resigning from his position as a "public face" for the company [1]. It is...
Eurozone stocks are at their highest in 16 years. UBS now prefers Europe over U.S. equities.
UBS strategists led by Andrew Garthwaite say they now prefer European stocks over their U.S. counterparts — though it should be said, to only the middle of its regional scorecard
TikTok begins automatically labeling AI-generated content
The TikTok logo is pictured outside the company's U.S. head office in Culver City, California, U.S., September 15, 2020. Mike Blake | ReutersTikTok is starting to automatically label videos and images made with artificial intelligence, the company said on...
Canadian Dollar Quiet Ahead of Jobs Data
The Canadian dollar is almost unchanged on Friday. USD/CAD is up 0.03%, trading at 1.3680 in the European session at the time of writing. Canada’s job growth expected to rebound Canada releases the April employment report later today. The economy shed 2200 jobs in...
Dinesh Kumar Khara, ET BFSI
Dinesh Kumar Khara, Chairman, SBI, says “our endeavour is to ensure that we maintain this level and we expect that when it comes to our deposit rates, we appear to have plateaued already. And henceforth we should be in a position to improve our yield on advances also...
Steps to Write a Resume With Google Gemini
ChatGPT changes the conventional perceptions of artificial intelligence and its complexity. With the new generative AI tool, it is possible to write almost anything, from work emails to term papers. Google Bard, which has been rechristened as Google Gemini recently,...
China EV makers under pressure after reports Biden aiming tariffs at the sector
Shares of NIO and Li Auto were falling in premarket trading on Friday after reports that the Biden administration could be ready to roll out fresh tariffs on China EVs and other sectors.
Apple apologizes for iPad Pro ad showing hydraulic press destroying guitars, piano
Apple CEO Tim Cook waves to journalists after his meeting with Indonesian President Joko Widodo at the Presidential Palace in Jakarta, Indonesia, April 17, 2024. Willy Kurniawan | ReutersApple took on Thursday the unusual step of apologizing for a short advertising...
FINRA imposes $825,000 fine on Merrill Lynch, Pierce, Fenner & Smith
Merrill Lynch, Pierce, Fenner & Smith has agreed to pay a fine of $825,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). From at least February 2017 through the present, external investment managers, financial advisers, and...
AUDUSD Remains Undecided Near Crucial Technical Region
AUDUSD repeatedly fails to conquer the 0.6643-0.6666 range But outlook is positive as price holds above 50 and 200-day SMAs Momentum indicators deteriorate but remain in positive zones AUDUSD has been in a steady advance since its bounce off the five-month low of...
Finance minister Nirmala Sitharaman, ET BFSI
New Delhi: Finance minister Nirmala Sitharaman on Thursday said eastern India has potential to emerge as the country's growth engine with a decisive push to industrialisation, adding that a mineral-rich state like Jharkhand must get rid of rampant corruption to draw...
Bob Barker’s Hollywood Hills estate sells for the right price: almost $3.8 million
The home of the TV host, who died in 2023, landed on the market in March and was quickly snapped up for $800K over the asking price.
Tesla accused by NLRB of chilling worker unionizing efforts in Buffalo
Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings Corp., speaks at the Milken Institute's Global Conference at the Beverly Hilton Hotel,on May 6, 2024 in Beverly Hills, California. Apu Gomes | Getty ImagesTesla is being accused of taking steps to keep...
Go Digit IPO opens on May 15, sets price band at ₹258-272 per share; Check details, ET BFSI
The Initial Public Offering (IPO) of Go Digit General Insurance Limited, a prominent player in the insurtech sector, is set to hit the market from May 15 to May 17. The IPO price band is fixed in the range of ₹258 to ₹272 per equity share, with a face value of ₹10...
SBI VC Trade to start operating node as validator on XRP Ledger
SBI VC Trade Co., Ltd. will start operating a node as a validator on the XRP Ledger, a layer1 decentralized blockchain, from May 10, 2024. By continuing stable operations as a validator and being recognized by the XRP Ledger community for its reliable performance, SBI...
British Pound Listless Despite Strong GDP
The British pound is drifting on Friday. GBP/USD is up 0.05%, trading at 1.2531 in the European session at the time of writing. UK GDP rises 0.6% The British economy grew by 0.6% q/q in the first quarter, higher than the market estimate of 0.4% and above the Q4 2023...
Dropbox’s results get a break from investors after big selloff in February
After taking a big hit during its last round of earnings, shares of Dropbox Inc. rose on Thursday after the online-storage platform reported first-quarter results that topped Wall Street’s estimates.
House committee seeks Microsoft’s Brad Smith for cybersecurity hearing
Brad Smith, vice chair and president of Microsoft, speaks at Gateway Technical College in Sturtevant, Wisconsin, on May 8, 2024.Alex Wroblewski | Bloomberg | Getty ImagesA House committee wants Microsoft's top lawyer, Brad Smith, to attend a hearing this month on...
Gold finance companies plunge on RBI cash advisory, BFSI News, ET BFSI
Mumbai: Shares of gold finance companies weakened on Thursday after the Reserve Bank of India reiterated an earlier advisory that requires non-banking finance companies (NBFCs) to cap the cash disbursal limit at ₹20,000. Muthoot Finance declined 3.73%, Manappuram...
RBI’s project finance norms to prepare banks to move to ECL regime say experts, ET BFSI
The Reserve Bank of India (RBI) released draft guidelines on project finance provisions on May 3, aiming to prepare the banking industry for a transition from the current incurred loss based provisioning model to the expected credit loss (ECL) regime, taking advantage...
Bank of India signs MOU with Indian Coast Guard for BOI Rakshak package, ET BFSI
Bank of India signs MOU with Indian Coast Guard for BOI Rakshak PackageMay 9, Mumbai: Bank of India has signed a MOU with the Indian Coast Guard, offering a Defence service Salary Package with best in class features under its “BOI Rakshak Salary/ Pension Savings...
FX option expiries for 10 May 10am New York cut
There are a couple to take note of on the day, as highlighted in bold.The first one being for EUR/USD at the 1.0825 level. However, this is one that might not factor in too much into play given the technicals. The 200-day moving average at 1.0791 and offers lined up...
U.K. exits brief recession with stronger-than-forecast 0.6% growth in first quarter
The U.K. saw its fastest growth since late 2021, with a 0.6% rise in the first quarter of 2024.
China’s SMIC warns of fierce chip competition as it misses profit estimates
BEIJING, CHINA - DECEMBER 04: A logo hangs on the building of the Beijing branch of Semiconductor Manufacturing International Corporation (SMIC) on December 4, 2020 in Beijing, China. (Photo by VCG/VCG via Getty Images)Vcg | Visual China Group | Getty...
Promoters offer $2 million VIP package
In this composite image a comparison between Former Boxer Mike Tyson (L) and Jake Paul (R). Tyson and Paul face in July 2024 exhibition fight. Francois Nel | Christian Petersen | Getty ImagesMike Tyson's return to the boxing ring to fight Jake Paul this summer is...
Latest news on Russia and the war in Ukraine
Russia ramps up ground attacks in eastern Ukraine ahead of the arrival of Western military aidUkrainian soldiers prepare a mortar in the direction of Chasiv Yar as the war between Russia and Ukraine continues in Donetsk Oblast, Ukraine on May 7, 2024.Anadolu | Anadolu...
Weak Sterling Awaits UK GDP, Gold Poised to Reach Record High
Sterling remains one of the weakest performers this week, despite lack of strong selling momentum. BoE Chief Economist Huw Pill reaffirmed the market’s expectations that the central bank would start to consider interest rate cuts in upcoming meetings. These messages...
Italy’s CONSOB blocks access to four unauthorized investment websites
Italy’s Companies and Exchange Commission (CONSOB) has issued orders for the blocking of access to four unauthorised investment websites. In issuing the orders, the Authority made use of the powers deriving from the “Decreto crescita” (“Growth Decree”; Law no. 58 of...
Why are millions of people paying for Robinhood Gold?
A jump in paid subscriptions via Robinhood’s Gold program raises the question: are people willing to pay for ‘free’ trades.
Indian banks to step up IT spends as regulatory scrutiny tightens, ET BFSI
RBI had put some restrictions on Kotak Mahindra Bank last month due to IT-related deficiencies. Indian banks' plan to increase their technology spending to around 10% of their operating expenses to keep up with the surge in digital transactions as the central bank...
USD/CHF Daily Outlook – Action Forex
Daily Pivots: (S1) 0.9071; (P) 0.9083; (R1) 0.9093; More…. Intraday bias in USD/CHF stays neutral at this point. Further decline is in favor as long as 55 4H EMA (now at 0.9096) holds. On the downside, break of 0.9005 and sustained trading below 55 D EMA (now at...
Sinclair explores selling 30% of broadcast stations
Signage stands outside the Sinclair Broadcast Group Inc. headquarters in Cockeysville, Maryland, U.S., on Friday, Aug. 10, 2018. Andrew Harrer | Bloomberg | Getty ImagesSinclair, one of the largest owners of broadcast stations in the U.S., is looking to sell more than...
Appeals court refuses to toss Delaware case
Hunter Biden, son of U.S. President Joe Biden, arrives for a closed deposition with members of the Republican-led House Oversight Committee conducting an impeachment inquiry into the president, at the O'Neill House Office Building in Washington, U.S., February 28,...
What Uniqlo’s ‘millennial Birkin’ bag going viral again says about shoppers right now
We’re broke, picky and carrying a lot of baggage.
GBP/USD Daily Outlook – Action Forex
Daily Pivots: (S1) 1.2468; (P) 1.2497; (R1) 1.2525; More… Intraday bias in GBP/USD remains neutral and outlook is unchanged. Further rally is in favor with 1.2471 support intact. On the upside, above 1.2633 will resume the rebound from 1.2298 to 1.2708 resistance...
PAT jumps 24% YoY to Rs 20,698 crore, beats estimates, ET BFSI
State Bank of India (SBI) on Thursday reported a standalone net profit of Rs 20,698 crore for the quarter ended March 31, 2024, up 24% YoY compared to Rs 16,694 crore reported by the lender in the year-ago period. The profit was higher than the Street estimate of Rs...
Papa John’s sold more pizza, but people pulled back on sides and drinks
Papa John’s stock sank toward a four-year low Thursday, after the pizza chain reported the biggest quarterly revenue miss in more than five years, amid a decline in the number of transactions and deliveries.
Planet Fitness raises prices even as customers grow cost-conscious
People work out at a Planet Fitness in Alexandria, Virginia, Jan. 8, 2024.Leah Millis | ReutersPlanet Fitness is hiking its base-level membership prices for new customers for the first time since 1998, even as the gym operator warns its customers are growing...
Trump Media investor convicted of insider trading ahead of merger
Bruce Garelick walks following a hearing at the Manhattan Federal Court, in New York City, July 20, 2023.Amr Alfiky | ReutersA federal jury in New York on Thursday convicted an investor of insider trading in the stock of a shell company ahead of its announcement in...
USD/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 154.76; (P) 155.22; (R1) 155.96; More… Intraday bias in USD/JPY stays on the upside for the moment. Rebound from 151.86 is seen as the second leg of the corrective pattern from 160.20 high. Further rise would be seen to 157.98 resistance. On the...
Planet Fitness’ stock rallies after company unveils first price hike in 30 years
Planet Fitness Inc.’s stock reversed early losses to trade up 8% Thursday, as investors looked past a revenue shortfall and lowered guidance to focus on a price hike and other positives from the earnings call.
Masimo seeks to stave off proxy fight with Politan, makes settlement offer
The Masimo logo is displayed at Masimo headquarters in Irvine, California, Dec. 27, 2023Mario Tama | Getty ImagesHealth-technology firm Masimo, facing the imminent threat of litigation and a second proxy contest, offered a settlement to Politan Capital's Quentin...
Casinos face shareholder votes over indoor smoking
A new strategy has emerged in the battle to ban smoking in casinos: the shareholder vote.Shareholders at Boyd Gaming, Bally's Entertainment and Caesars Entertainment will put on the ballot at the respective casino companies proposals to force them to study the costs...
Fitch affirms ratings of Axis Bank, ICICI Bank on supporting operating environment, ET BFSI
Fitch Ratings on Thursday affirmed the ratings of Axis Bank and ICICI Bank with a stable outlook citing supportive operating environment and large domestic franchise. Fitch Ratings has affirmed India-based Axis Bank and ICICI Bank's Long-Term Issuer Default Rating...
EUR/USD Daily Outlook – Action Forex
Daily Pivots: (S1) 1.0736; (P) 1.0747; (R1) 1.0759; More… Intraday bias in EUR/USD stays neutral and outlook is unchanged. Further rally is expected as long as 55 4H EMA (now at 1.0733) holds. On the upside, above 1.0810 will resume the rebound from 1.0601 to 1.0884...
This market rally could carry stocks to new all-time highs
Buy signals are appearing, but an oversold bounce can’t be ruled out.
U.S. eyes curbs on China’s access to AI software behind apps like ChatGPT
Visitors walk past a stand with AI (artificial intelligence) security cameras using facial recognition technology at the 14th China International Exhibition on Public Safety and Security at the China International Exhibition Center in Beijing in 2018.Nicolas Asfouri |...
AMC is gaining market share, but debt sparks analyst concern
AMC, the movie-theater chain that obtained meme-stock status, has billions of dollars in debt due in the next few years.
TikTok sued the U.S. government to block a ban. Here’s what happens now
TikTok Chief Executive Shou Zi Chew testifies before a House Energy and Commerce Committee hearing entitled "TikTok: How Congress can Safeguard American Data Privacy and Protect Children from Online Harms," as lawmakers scrutinize the Chinese-owned video-sharing app,...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2468; (P) 1.2497; (R1) 1.2525; More… GBP/USD breached 1.2471 support briefly but quickly recovered. Intraday bias stays neutral first. Strong bounce from current level will retain near term bullishness. Further break of 1.2633 will resume the...
INFINOX Embraces Sustainability in the Financial Industry
In its continued commitment to environmental conservation, global trading platform INFINOX has announced a significant shift towards sustainability by going completely paperless. In a pioneering initiative, the company has partnered with scnz.io to issue eco-friendly...
Aadhar Housing Finance IPO bets on affordable segment optimism, ET BFSI
Aadhar operates primarily in the affordable housing finance segment, targeting home buyers in economically weaker sections (EWS) and low-income groups (LIG). This niche market, supported by government initiatives and regulatory incentives, represents the...
‘My brother and sister are villains’: My siblings took control of my late mother’s estate and won’t reveal the contents of her trust. What should I do?
“They were always thick as thieves, and we were never what you would call close, but I never would have suspected them of this.”
Airbnb (ABNB) Q1 2024 earnings
In this photo illustration, the Airbnb logo is displayed on a computer monitor and cell phone on February 13, 2024 in Los Angeles, California.Mario Tama | Getty ImagesAirbnb reported first-quarter results on Wednesday that beat analysts' estimates but offered...
Supreme Court rules against Warner Music in copyright damages case
Flo Rida performs onstage at the Teen Choice Awards on Sunday, July 22, 2012, in Universal City, Calif. (Photo by John Shearer/Invision/AP)John ShearerThe U.S. Supreme Court on Thursday ruled in favor of a Miami music producer in a legal fight with Warner Music over a...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.9071; (P) 0.9083; (R1) 0.9093; More…. Intraday bias in USD/CHF stays neutral and outlook is unchanged. Further decline is in favor as long as 55 4H EMA (now at 0.9096) holds. On the downside, break of 0.9005 and sustained trading below 55 D EMA...
Over $20M in Bridged Ether Returns to ZKasino Wallet
Over twenty million dollars' worth of bridging Ether has been suddenly restored to ZKasino's wallet, which is a blockchain-based gaming business. This is a remarkable change of events. This comes as a result of consumers complaining that...
UK100, Wheat & EURUSD hit targets! :: InvestMacro
UK100 bulls bag 770 pointsWheat “throwback” rewards bearsEURUSD secures all bearish targets Here are how these discussed instruments performed this week: 1) UK100 touches fresh record highWhere and when was Target Price (TP) published?In our week ahead article...
DBS Bank India rolls out initiative to support women re-entering the workplace, ET BFSI
DBS Bank India has rolled out a programme aimed at women who are transitioning back into the workspace, including new mothers.This initiative is part of the bank's focus on developing a more diverse workforce and supporting employees through different life stages.The...
Federal student loan interest rates set to be highest in more than a decade
Students heading to college this year could wind up paying more for their schooling than those in the recent past. That’s because federal student loan interest rates are set to be the highest they’ve been in more than a decade.
Masimo activist asks for ‘basic’ information on proposed deal
Joe Kiani, CEO, MasimoScott Mlyn | CNBCPolitan Capital's Quentin Koffey sent a letter to Masimo CEO Joe Kiani on Wednesday, demanding information about the health-tech company's proposed spinoff of its consumer business.Koffey, who won a seat on Masimo's board last...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 154.76; (P) 155.22; (R1) 155.96; More… Intraday bias in USD/JPY remains mildly on the upside as this point. Rebound from 151.86 is seen as the second leg of the corrective pattern from 160.20 high. Further rise would be seen to 157.98 resistance. On...
Cronos’s stock leaps as strong cannabis-flower sales lead to record revenue
Shares of Cronos Group Inc. traded sharply higher Thursday after the cannabis company, citing strength in flower sales, reported first-quarter revenue that rose to a record and beat expectations.
Neuralink says its first in-human brain implant encounters problem
Jonathan Raa | Nurphoto | Getty ImagesElon Musk's startup Neuralink on Wednesday said part of its brain implant malfunctioned after it put the system in a human patient for the first time.Neuralink has built a brain-computer interface, or a BCI, that could eventually...
Cboe, Metaurus collaborate to develop three new US equity indices
Cboe Global Markets, Inc., an international derivatives and securities exchange network, and Metaurus Advisors, LLC, an asset management company focusing on financial innovation, today announced plans to collaborate on three new US equity indices: the Cboe US Large...
Millennials opting fractional investment as alternative investment: Report, ET BFSI
The alternative investment space has attracted early adopters and has been made mainstream by millennials dominating 60% of investors' base into fractional investments, a recent report by Grip Invest reveals. The report titled 'Gripping the Boom: Millennial in...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0736; (P) 1.0747; (R1) 1.0759; More… Intraday bias in EUR/USD remains neutral for the moment. Further rally is expected as long as 55 4H EMA (now at 1.0733) holds. On the upside, above 1.0810 will resume the rebound from 1.0601 to 1.0884...
Americans may be living longer — but they don’t expect to keep working
COVID-19’s impact on retirement expectations could affect the labor market in years to come, the New York Fed says.
Generative AI’s disinformation threat ‘overblown,’ cyber expert says
2024 is set up to be the biggest global election year in history. It coincides with the rapid rise in deepfakes. In APAC alone, there was a surge in deepfakes by 1530% from 2022 to 2023, according to a Sumsub report.Fotografielink | Istock | Getty ImagesCybersecurity...
BTCUSD Retreats After Unsuccessful Test of 50-SMA
BTCUSD drops after failing to claim 50-day SMA The price extends its series of lower highs and lows Momentum indicators are tilted to the downside BTCUSD (Bitcoin) had been in a slow but steady recovery since its bounce off the two-month bottom of 56,483. However, the...
Why US offshore wind energy is struggling – the good, the bad and the opportunity :: InvestMacro
America’s first large-scale offshore wind farms began sending powerto the Northeast in early 2024, but a wave of wind farm project cancellations and rising costs have left many people with doubts about the industry’s future in the U.S.Several big hitters, including...
Muthoot Finance raises $650 million via offshore dollar bonds, ET BFSI
Muthoot Finance has raised $650 million through US dollar-denominated bonds, with global investors showing firm demand for the debt issued by the domestic gold financing heavyweight.The non-banking financial company raised the funds through bonds maturing in three...
Oil futures extend rise seen after drop in U.S. crude inventories
Oil futures traded higher Thursday, building on a bounce seen after data the previous session showed a drop in crude inventories.
Alibaba rolls out latest version of its large language model
The logo of the Alibaba office building is seen in the Huangpu District in Shanghai, June 16, 2023.Costfoto | Nurphoto | Getty ImagesAlibaba Cloud said on Thursday it released the latest version of its large language model after more than 90,000 deployments by...
CFPB rule faces possible freeze
Epoxydude | Fstop | Getty ImagesA Consumer Financial Protection Bureau regulation that promised to save Americans billions of dollars in late fees on credit cards faces a last-ditch effort to stave off its implementation.Led by the U.S. Chamber of Commerce, the card...
Core Scientific Reports Strong Financial Performance in Q1 2023
Core Scientific Inc, a Bitcoin miner firm, has released its Q1 2023 financial report, showcasing strong revenue growth and improved profitability. The company's performance was driven by increased Bitcoin production, hosting revenue, and...
Bank of England Closing In On Rate Cuts
Summary The Bank of England (BoE) held its policy rate at 5.25% at today’s monetary policy announcement, but offered a dovish outlook that suggests rate cuts are now approaching. The BoE said restrictive monetary policy is weighing on activity in the real economy, is...
Azuro and Chiliz Working Together to Boost Adoption of Onchain Sport Prediction Markets – Blockchain News, Opinion, TV and Jobs
Lisbon, Portugal, May 9th, 2024, Chainwire Azuro, the leading liquidity layer for onchain predictions, and Chiliz, the world’s premier sports and entertainment blockchain, are partnering up to accelerate the adoption of onchain sport prediction markets. These efforts...
Nvidia, Micron and Super Micro among companies that shine in Wall Street’s ‘beat-and-raise’ game
Investors should look at the numbers behind rising share prices.
Google staffers question execs over ‘decline in morale’ after earnings
Google's business is growing at its fastest rate in two years, and a blowout earnings report in April sparked the biggest rally in Alphabet shares since 2015, pushing the company's market cap past $2 trillion.But at an all-hands meeting last week with CEO Sundar...
ICE Clear Credit adds Royal Bank of Canada as clearing member
Intercontinental Exchange, Inc. (NYSE:ICE) today announced that Royal Bank of Canada (RBC), has become a clearing member at ICE Clear Credit LLC, the leading global clearinghouse for credit default swaps. ICE Clear Credit provides a comprehensive product offering,...
Profit jumps nearly three-fold to Rs 3,010 crore, ET BFSI
State-owned Punjab National Bank (PNB) on Thursday posted a nearly three-fold increase in net profit to Rs 3,010 crore for the fourth quarter ended March 2024, aided by improvement in core income and decline in bad loans. The bank had earned a net profit of Rs 1,159...
McDonald’s makes changes to increase mobile sales
A Big Mac is displayed on a page of the McDonald's appDaniel Acker | Bloomberg | Getty ImagesMcDonald's U.S. franchisees will start paying into a digital marketing fund next year as the fast-food giant looks to expand its booming digital business, according to a memo...
UK 100 Index Swings to All-Time High
UK 100 hits record high after the BoE rate decision; up 8% year-to-date Next target at 8,500, but fears of an overbought market might delay rally The UK 100 stock index (cash) has been performing incredibly well over the past four months, staging another exponential...
Roblox’s stock tumbles after a big revenue miss, engagement weakness
Roblox Corp.’s stock tumbled Thursday after the online gaming company reported first-quarter revenue that was well below expectations and provided a downbeat current-quarter outlook.
Roblox shares drop more than 20% as company cuts annual bookings forecast on muted player spending
Rafael Henrique | Lightrocket | Getty ImagesRoblox cut its annual bookings forecast on Thursday, in a sign that people were dialing back on spending within its video-gaming platform amid an uncertain economic outlook and elevated levels of inflation.Roblox shares fell...
How does the brain think? :: InvestMacro
By Jennifer Robinson, Auburn UniversityCurious Kids is a series for children of all ages. If you have a question you’d like an expert to answer, send it to [email protected].How does the brain think? – Tom, age 16, San Diego, CaliforniaHave you ever wondered how your...
L&T finance plays the complete home loan tune, BFSI News, ET BFSI
L&T Finance has unveiled TV commercials to revolutionise the way people perceive home loans. The TV commercials combine witty humour with relatable scenarios to create situations that are entertaining as well as informative, with the tagline, ‘Kum Nahi,...
Stormy Daniels resumes testimony in hush money case
Former US President Donald Trump speaks to the press before his trial for allegedly covering up hush money payments linked to extramarital affairs, at Manhattan Criminal Court in New York City, on May 9, 2024.Angela Weiss | ReutersThis is developing news. Check back...
Coach, Kate Spade parent reports revenue miss amid weakness in North America
Tapestry’s stock dropped toward a four-month low in premarket trading Thursday, after the fashion company reported fiscal third-quarter revenue that fell short of expectations, with the Coach brand’s in-line sales offset by misses by Kate Spade and Stuart Weitzman.
Sterling Weathers Dovish BoE Impact; Dollar Slips on Poor Jobless Claims
British pound experienced some volatility following BoE’s rate decision, which revealed a dovish tilt in both the voting pattern and the language used. Sterling dipped initially, but then made a swift recovery, surviving as Governor Andrew Bailey dovish remarks in his...
FTSE 100 hits fresh record as Bank of England signals summer rate cut
The prospect of lower borrowing costs helped push U.K. stocks to a fresh record high on Thursday.
Hydrow acquires Speede Fitness, grows as Peloton shrinks
Connected fitness company Hydrow, which Peloton once tried to buy, is growing sales and has acquired a majority stake in strength training company Speede Fitness as gymgoers move away from cardio exercises in favor of weights, the company told CNBC on Thursday. Hydrow...
Western Union announces resumption of service from US to Cuba
Western Union, in coordination with its processing partner Orbit S.A., today announced the resumption of its service from the United States to Cuba, effective immediately. With service reinstated, Western Union customers are now once again able to send money from any...
US initial jobless claims rises to 231k, vs exp 210k
US initial jobless claims rose 22k to 231k in the week ending May 4, above expectation of 210k. That’s also the highest level since late August 2023. Four-week moving average on initial claims rose 4.75k to 215k. Continuing claims rose 17k to 1785k in the week ending...
Is your account affected? Check here to find out, ET BFSI
Punjab National Bank (PNB) has decided to close accounts where there has been no operation by the customer for the last three years and there is no balance in these accounts. The bank took this measure to avoid the security threat and to ensure that these accounts are...
Robinhood CEO Vladimir Tenev Criticizes Wells Notice Despite Strong Q1 Earnings
Chief Executive Officer Vladimir Tenev addressed the robust financial performance of Robinhood during the company's earnings conference for the first quarter. However, the company's success was overshadowed by a recent notification that...
Jobless claims climb sharply to highest level in nine months
Initial jobless claims rose by 22,000 to 231,000 in the week ended May 4, the Labor Department said Thursday. That’s the highest level since last August.
AIGOLD Goes Live, Introducing the First Gold Backed Crypto Project – Blockchain News, Opinion, TV and Jobs
George Town, Cayman Islands, May 8th, 2024, Chainwire AIGOLD is pleased to announce the launch of its innovative cryptocurrency project. This groundbreaking initiative integrates artificial intelligence with the enduring value of gold, aiming to redefine the landscape...
(BOE) Bank rate maintained at 5.25%
Monetary Policy Summary, May 2024 The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 8 May 2024, the MPC voted by a majority of...
GM can regain market share in China after 20-year low, exec says
GM President Mark Reuss announces a $2.2 billion investment in the automaker's Detroit-Hamtramck Assembly plant in Michigan for new all-electric trucks and autonomous vehicles on Jan. 27, 2020.Michael Wayland / CNBCDETROIT – General Motors believes it can regain...
Strong data on China’s trade balance fuels Asian indices :: InvestMacro
By JustMarketsUS stock indices showed mixed performance on Wednesday, with the Dow Jones Industrials Index hitting a 1-month high. The Dow Jones (US30) Index rose by 0.44%, while the S&P 500 (US500) Index was virtually unchanged for the day. The NASDAQ Technology...
India’s Manappuram Finance accepts bids worth $300 mln for dollar bond issue, ET BFSI
MUMBAI, - India's Manappuram Finance has accepted bids worth $300 million for U.S. dollar-denominated bonds maturing in four years, the gold financier informed the stock exchanges late on Wednesday.The company has set a coupon of 7.375%, it said.The coupon is within...
Advertising legend Maurice Saatchi says big companies are ‘now worse than Big Government’
The man behind many memorable ad campaigns has written a new book, ‘Orgasm,’ that aims to challenge some widely held political, societal and financial beliefs
BoE holds rate at 5.25%, Ramsden joins dove camp
BoE maintained Bank Rate at 5.25%, as widely expected. The announcement revealed a subtle dovish shift as evidenced by the voting and adjustments in the accompanying statement. Although these changes are not strong enough to warrant an immediate rate cut in June, they...
Binance Adds USDC on Its Dual Investment Service
Binance, the popular cryptocurrency exchange, has recently introduced USDC on its Dual Investment platform, expanding the range of investment opportunities available to users. With this new addition, users can now engage in Buy Low &...
Warner Bros. Discovery (WBD) earnings Q1 2024
In this photo illustration, the Warner Bros. Discovery logo is displayed on a smartphone screen.Rafael Henrique | SOPA Images | Lightrocket | Getty ImagesWarner Bros. Discovery reported first-quarter results on Thursday, missing analyst expectations on both the top...
Companies race to borrow ahead of the Biden-Trump election, with costs of 2017 tax cuts in focus
“There’s obviously concerns about volatility coming into the election,” said Leslie Falconio, head of taxable fixed-income strategy, UBS Wealth Management.
LTX by Broadridge integrates with MultiLynq
LTX, a subsidiary of Broadridge Financial Solutions Inc. (NYSE:BR), today announced its integration with MultiLynq, a leading provider of electronic fixed income trading connectivity and integration solutions, to accelerate connectivity to the LTX platform. Solutions...
CASA share in banks’s deposits falls in Q4 amid high term deposit rates, ET BFSI
The CASA (current account and saving account) ratio, which measures the share of low-cost CASA deposits, declined year-on-year by 40-730 basis points (bps) for banks reporting their Q4 FY24 earnings. This decline occurred amid sustained high deposit rates due to tight...
Japanese Yen Lower After BoJ Minutes
The Japanese yen has posted a three-day slide and is in negative territory on Thursday. USD/JPY has risen 0.26% on the day and is trading at 155.93 at the time of writing. Is the BoJ turning hawkish? The Bank of Japan released its Summary of Opinions from its April...
Bond yields and the pound fall as two Bank of England members vote for cut
U.K. bond yields and the British pound slipped on Thursday as the Bank of England saw two voters prefer an interest-rate cut.
How to Be in Business For Yourself, Not By Yourself with Melinda Emerson » Succeed As Your Own Boss
Melinda F. Emerson, “SmallBizLady” is America’s #1 Small Business Expert. She is an internationally renowned keynote speaker on small business development, social selling, and online marketing strategy. As CEO of Quintessence Group, her Philadelphia-based marketing...
Three overlooked stocks from a Spanish quant: ‘Now is not a time everyone is going to win.’
Nicole Sophie Gómez Adenis, US Equities and MultiAsset portfolio manager at Mapfre Asset Management offers three overlooked stocks, and AI is just a part of their stories.
NZDUSD Bulls Face Strong Resistance
NZDUSD is under pressure following a strong rally from the 2024 lows It has met strong resistance at both the 200-day SMA and a key trendline Momentum indicators are mixed; a bearish divergence is developing After testing the 2024 low at 0.5851 and recording a...
Exclusive: 26 Degrees operator INV Inc delisted from Tokyo Stock Exchange
FNG Exclusive… FNG has learned that Japanese stock exchange operator Japan Exchange Group has decided on delisting the shares of INV Inc (TYO:7338) from the Tokyo Stock Exchange. The delisting became effective as of April 25, 2024. INV Inc operates Australia based,...
Leading refiner begins gold futures trading on India INX, BFSI News, ET BFSI
New Delhi, BSE's arm India International Exchange (India INX) on Wednesday said India's leading gold refiner, which brings in up to 20 per cent of the country's gold, has started trading gold futures on its platform. This suggests that India INX, set up at GIFT City...
SC holds bank employees’ interest-free loans taxable as fringe benefits, ET BFSI
Interest-free or concessional loans given by banks to their employees will qualify as "fringe benefits" or "amenities,” thus taxable, the Supreme Court has held, giving a major blow to the bank employees.While upholding the income tax rule in this regard, the apex...
Corporate leaders and wealthy donors want a say
Republican presidential candidate and former U.S. President Donald Trump speaks during a campaign event in Freeland, Michigan, U.S. May 1, 2024. Brendan Mcdermid | ReutersFormer President Donald Trump and people close to him are fielding calls from corporate leaders...
‘I received accolades’: I reported a toxic coworker who threatened me — and I was terminated after 7 years of stellar employment. What can I do?
“Part of my job was to negotiate and sign contracts on behalf of the organization, such as hotel points.”
USDJPY Advances After Bouncing Off 50-day SMA
USDJPY in a recovery mode after pull back comes to a halt Momentum indicators suggest intensifying positive momentum USDJPY experienced a strong pullback from its 34-year high of 160.20 following the intervention by Japanese authorities a week ago. However, the pair...
FCA secures undertaking from Mercedes-Benz Financial Services (UK) Limited
The UK Financial Conduct Authority (FCA) has published an undertaking under the Consumer Rights Act 2015 from Mercedes-Benz Financial Services (UK) Limited on a potentially unclear excess mileage term in some of the firm’s consumer vehicle hire purchase agreements....
100% sure new RBI guideline on gold financing is not going to impact our volumes: Muthoot Finance, ET BFSI
George Alexander Muthoot, MD, Muthoot Finance, says “the RBI instruction is an universal one, applicable to all NBFCs. The Reserve Bank is clarifying that more than Rs 20,000 should not be paid in cash. I do not think there is any impact of that because even otherwise...
The multi-talented 2025 BMW X5 stands out among midsize luxury SUVs
The 2025 BMW X5 is an exceptional contender in the midsize luxury SUV arena, with a multi-talented package.
GBP/USD Bulls Struggle While USD/CAD Regains Strength
GBP/USD declined below the 1.2550 support zone. USD/CAD is rising and might aim for more gains above the 1.3760 resistance. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound started a fresh decline from the 1.2635 resistance zone. There is a...
Biden says U.S. won’t supply weapons for Israel to attack Rafah, in warning to ally
U.S. President Joe Biden delivers remarks as part of his Investing in America agenda, during a visit to Gateway Technical College in Sturtevant, Wisconsin, U.S., May 8, 2024. Kevin Lamarque | ReutersPresident Joe Biden said Wednesday that he would not supply offensive...
Expect IT, banking, and FMCG to do well in coming quarters: Nischal Maheshwari, ET BFSI
Nischal Maheshwari, CEO, Centrum Broking, says “private banks are on the move. They are really in a good spot. Numbers have been very good. Valuations are favouring them. I am very hopeful that in the coming quarters two or three sectors will do well, IT, banking, and...
Junior bankers crumble under 90-hour weeks prompting fresh pushback
Investment banks are working their juniors as hard as ever, forcing many into working weeks that stretch beyond 90 hours. This is prompting a fresh pushback from analysts and associates to overhaul work-life balance in the sector, according to conversations with...
Eurex to launch futures on FTSE All-World Index
Eurex is expanding its suite of global index derivatives in collaboration with FTSE Russell, the global index provider. As of 3 June, Eurex will launch futures on the FTSE All-World Index. Eurex’s index derivatives products, which covers global, national, and...
RBI lifts restrictions on Bank of Baroda’s ‘BoB World’ mobile app, allows onboarding customers, ET BFSI
The Reserve Bank of India (RBI) has decided to lift restrictions on Bank of Baroda's BoB World app with immediate effect, allowing it to onboard customers, the bank said in the exchange filing.The bank said, "We wish to inform that the RBI conveyed to the Bank its...
Best Web3 Tokens List for 2024
As the world recognizes new possibilities with web3, it is important to look for the innovative prospects associated with web3. The transformation of the internet might have been laughable a decade ago when the world was warming up to the advancements in social media....
EURGBP Runs Out of Steam Near 0.8600
EURGBP struggles to surpass 0.8600 and 200-day SMA Short-term bias is positive, but signs of oversold market exist Bank of England announces rate decision today at 11:00 GMT EURGBP started May’s session on the right foot, swiftly reversing up after touching the...
Sofia Vergara finally sells her glamorous Beverly Hills estate for a reduced price—$13.7 million
The actress has at last sold her Tuscan mansion after two years of cutting the price.
What’s the new RBI proposal giving cold sweats to lenders?, ET BFSI
For quite some time, the Reserve Bank of India (RBI) has been warning against incipient risks in banking. Its hard-hitting actions against HDFC, Paytm, Bajaj Finance and recently against Kotak Mahindra Bank for various non-compliances and regulatory laxities have...
European Union will soon get a new leadership team. Here are the names
European Commission President Ursula von der Leyen has pushed for a policy of derisking from China.Frederick Florin | Afp | Getty ImagesBRUSSELS, Belgium — European diplomats have already started key negotiations on who will take the main jobs at the European Union...
Star Housing Finance Limited Reports Robust Performance For Period Ending March 31, 2024, ET BFSI
PNNMumbai (Maharashtra) [India], May 9: Star Housing Finance Limited (Star HFL), a BSE-listed company (BSE Scrip code BOM: 539017) has maintained its growth trajectory in the retail home finance space and has resultantly reported robust business and financial...
Organized theft ring that targeted Macy’s charged in NYC
The Macy's logo is seen at its store in Herald Square in New York City on Jan. 19, 2024.Michael M. Santiago | Getty ImagesA New York beauty store just blocks away from the Empire State Building resold more than $1 million worth of goods that' had been stolen from...
SBI Digital Asset Holdings, Chiliz plan to establish JV in Japan
SBI Digital Asset Holdings Co., Ltd. (SBI DAH), the digital asset arm of SBI Holdings, and Chiliz, a blockchain provider for sports and entertainment, plan to establish a Joint Venture (JV) in Japan. The partnership aims to revolutionize the sport enthusiast...
Financial services faces heavy FPI selloff, BFSI News, ET BFSI
Mumbai: Shares of financial services companies recorded the highest selling by overseas funds across sectors in the second-half of April. Foreign portfolio investors (FPIs) dumped shares in the sector worth ₹12,550 crore between April 16 and April 30 after purchases...
Neuralink faces problems with first implant ever installed in human brain
Elon Musk’s startup said ‘threads’ that connect the implant to Noland Arbaugh’s brain had ‘retracted’ in the weeks following the surgery
INDIA RUPEE-Rupee ticks higher on inflows, importer dollar demand caps gain, ET BFSI
By Jaspreet KalraMUMBAI, - The Indian rupee rose slightly on Thursday aided by likely dollar inflows, even as most Asian currencies slipped amid a rise in U.S. bond yields.The rupee was at 83.49 against the U.S. dollar as of 11:45 a.m. IST, against its close at...
FX option expiries for 9 May 10am New York cut
There are a couple to take note of on the day, as highlighted in bold.The first is a range of expiries for EUR/USD from 1.0745 through to 1.0775. That is likely to help lock price action from running too far to the topside on the day. That alongside the 100-hour...
Retail traders are using 0DTE options again — and this is what they’re doing
Retail traders are turning again to the popular, but risky, strategy of trading short-term options.
Disney, Warner Bros. Discovery bundle streaming services
In this photo illustration the Disney+ logo seen displayed on a smartphone screen.SOPA Images | LightRocket | Getty ImagesThe bundle is back.Disney and Warner Bros. Discovery are planning to offer their streaming services — Disney+, Hulu and Max — in a bundle...
Latest news in Russia and the war in Ukraine
Russia 'will not allow anyone to threaten us,' Putin tells Victory ParadeRussian President Vladimir Putin watches a military parade on Victory Day, which marks the 77th anniversary of the victory over Nazi Germany in World War Two, in Red Square in central Moscow,...
Yen’s Struggle, Dollar’s Strength, and Sterling’s Anticipation
Yen continues to underperform as the worst for the week at this point, even in face of Japan’s verbal interventions. As Yen breached 155 mark against Dollar again, Japanese Finance Minister Shunichi Suzuki reiterated his concerns over the detrimental impacts of...
Options and oneZero partner to boost multi-asset enterprise trading solutions
Capital markets infrastructure company Options Technology has an expanded strategic partnership with oneZero, the leading multi-asset class enterprise trading technology provider for banks and financial institutions. The partnership is set to build upon the existing,...
Piramal Enterprises approves merger of its housing finance arm to form Piramal Finance, ET BFSI
The board of directors of the Piramal Enterprises has approved its merger with wholly owned subsidiary Piramal Capital & Housing Finance (PCHFL), which will now be rechristened Piramal Finance.As a part of the merger consideration, for every share of Piramal...
RBI talks UPI scale-up with companies, BFSI News, ET BFSI
Mumbai: Payments for minors and senior citizen-friendly features were some of the proposals discussed during a meeting convened by RBI with UPI players.RBI governor Shaktikanta Das on Wednesday convened a meeting of banks, leading third-party UPI apps, and NPCI. Banks...
Citigroup sold shares of Vodafone Idea for over Rs 233 crore, BFSI News, ET BFSI
New Delhi: Financial services company Citigroup on Wednesday sold shares of telecom company Vodafone Idea for over Rs 233 crore through an open market transaction. US-based Citigroup through its affiliate, Citigroup Global Markets Mauritius, offloaded shares of...
Price of engineered-wood siding soars 38%, fueling earnings beat for LP Building
LP Building’s stock took flight Wednesday toward a fresh record close, after the wood building products maker beat first-quarter earnings expectations and raised its full-year outlook.
Crude Oil Price Fell Further on Growing Demand Concerns
WTI oil price fell in early Wednesday as unexpected rise in US crude inventories further soured the sentiment on rising demand concerns. Fresh weakness emerged below the base of rising daily Ichimoku cloud and broke through pivots at $78.16 and $77.66 (100DMA / 50%...
CME Group registers several records across U.S. Crude Oil futures
International derivatives marketplace CME Group today announced that trading in its U.S. Crude Grade futures, which are Argus-settled and trade as a differential to the global benchmark WTI Crude Oil futures, reached several records in April 2024: Record ADV of 17.8K...
Swiss National Bank exploring ways to tokenise financial assets, ET BFSI
ZURICH, - The Swiss National Bank is examining the best way that financial assets can be digitally tokenised as a way of making payments more secure and efficient, Chairman Thomas Jordan said on Monday.Jordan said central banks needed to decide how best to engage in...
Credit scores got ‘artificially higher’ during COVID. Now many borrowers can’t pay their debts.
Pandemic-era policies appear to have produced “artificially higher” consumer credit scores, according to Columbia Threadneedle.
WTI oil futures restart downtrend
WTI oil futures fall to two-month low on rising US stockpiles Short-term risk bearish, but market could be oversold A clear close below 77.44 could activate fresh selling WTI oil futures slid to a two-month low of 76.99 on Wednesday after their continuous attempts to...
Applebee’s owner Dine Brands targets fast food customers
Applebee's and IHOP owner Dine Brands thinks its deals can lure away fast-food customers who have grown frustrated with menu prices.The company reported first-quarter earnings that fell short of Wall Street's estimates, and both Applebee's and IHOP's same-store sales...
Jackpot! Slot-machine gamblers could keep more of their winnings from IRS scrutiny under proposed rule
Gamblers who play slot machines may soon be able to win more money before the Internal Revenue Service takes notice — and it could be the recent stretch of hot inflation that melts away some longstanding rules around gambling and taxes.
Exclusive: Prospero Markets liquidators expect full recovery of $19M client funds
FNG Exclusive… FNG has learned that BRI Ferrier, the appointed administrator and liquidator of (formerly) ASIC licensed Retail FX and CFDs broker Prospero Markets, has filed an initial report for clients and creditors indicating that its preliminary investigations...
Indian Bank to focus on mid-corporate business, BFSI News, ET BFSI
CHENNAI: Public sector Indian Bank will focus on the mid-corporate business and looks at 15% growth in the segment in FY25. The portfolio in this segment stood at Rs 41,000 crore in the end of FY24 against Rs 33,661 crore in FY23.Indian Bank MD & CEO S L Jain told...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0739; (P) 1.0764; (R1) 1.0779; More… Intraday bias in EUR/USD stays neutral for the moment. More consolidations could be seen below 1.0810. Further rally is expected as long as 55 4H EMA (now at 1.0731) holds. On the upside, above 1.0810 will...
Apple’s walled ecosystem is under pressure in Europe, but revenue is still protected
Apple is astutely guarding its proprietary golden goose.
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2481; (P) 1.2528; (R1) 1.2554; More… Intraday bias in GBP/USD stays neutral at this point. Further rally is in favor with 1.2471 support intact. On the upside, above 1.2633 will resume the rebound from 1.2298 to 1.2708 resistance next. However,...
Citi makes strategic minority investment in Cicada
Citi has made a strategic minority investment in Cicada Technologies Inc. The investment was made by Citi’s Markets Strategic Investments unit, which is responsible for the sourcing and execution of strategic investments relevant to Citi’s Markets franchise. Citi will...
‘Fresh capital infusion gives flexibility for expansion over 1.5 years’: Grihum MD&CEO, ET BFSI
Manish Jaiswal, the MD&CEO of Grihum Housing Finance Grihum Housing Finance, the erstwhile Poonawalla Housing Finance, has registered the highest ever yearly Profit After Tax (PAT) of Rs 140 crore, jumping 21% YoY and Rs 46 crore for Q4, up by 24% QoQ.Further,...
Two more reasons for Victoria’s Secret’s troubles? Kim Kardashian and Rihanna, analyst suggests.
Analysts are worried about Victoria’s Secret losing market share — potentially to brands from celebrities like Kim Kardashian and Rihanna — and cutting prices in an effort to spur demand.
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.9061; (P) 0.9078; (R1) 0.9100; More…. No change in USD/CHF’s outlook as intraday bias stays neutral. Further decline is in favor as long as 55 4H EMA (now at 0.9099) holds. On the downside, break of 0.9005 and sustained trading below 55 D EMA (now...
U.S. prosecutors are examining whether Tesla committed securities or wire fraud in Autopilot probe: Reuters
Prosecutors are reviewing whether Telsa or CEO Elon Musk told consumers that self-driving technology means cars can drive themselves.
Former MGM Grand casino president to be sentenced over illegal bets
Resorts World Las Vegas President Scott Sibella speaks during the opening of Resorts World Las Vegas on June 24, 2021 in Las Vegas, Nevada. Ethan Miller | Getty ImagesThe former president of the MGM Grand casino in Las Vegas is set to be sentenced Wednesday afternoon...
Japanese yen weakens despite government warnings :: InvestMacro
By RoboForex Analytical DepartmentThe USD/JPY pair is on the rise again this Wednesday, recovering more than half of its previous losses despite ongoing warnings from Japanese authorities about sharp fluctuations in the yen. Finance Minister Shunichi Suzuki reiterated...
US Fed issues enforcement action with First Citizens Bank Of Butte -statement, ET BFSI
WASHINGTON, - The U.S. Federal Reserve Board has issued an enforcement action with First Citizens Bank of Butte in Montana, the board said in a statement on Tuesday.The enforcement action addresses issues with board management, anti-money laundering and suspicious...
Boeing’s Starliner launch pushed back to May 17 for first crewed mission
The historic first crewed launch of Boeing Co.’s Starliner spacecraft will take place no earlier than May 17, after Monday’s launch attempt was scrubbed two hours before takeoff.
Sunset Market Commentary – Action Forex
Markets In yet another dull trading day the weak SEK (cf. below) and JPY stand out. The yen is not impressed by Ueda ramping up warnings. It began in Asian dealings, where the BoJ governor said that a policy response (i.e. rate hike) could be needed depending on the...
Swissquote shareholders approve all motions at 2024 General Meeting
Gland, Switzerland based online banking and trading company Swissquote (SWX:SQN) has announced that at today’s ordinary General Meeting, its shareholders voted in favour of all motions proposed by the company’s Board of Directors. In particular, the shareholders...
Shopify’s stock slides 19% after company swings to quarterly loss
Shopify is expecting its gross margin to shrink by 50 basis points in the second quarter.
CEO, BFSI News, ET BFSI
Rebello said that the company has started centralising operations in the last six months to overcome the challenges of decentralised operations - how it was structured historically. Updated On May 8, 2024 at 08:38 AM IST Mumbai: Mahindra & Mahindra Financial...
US Indices Heading Towards Highs
US indices have been gaining daily since the beginning of May. They have found strength amid relatively weak job reports and quite upbeat quarterly earnings. The S&P500 and Nasdaq100 indices are just 1.5% below the all-time highs set in March. The market downturn...
Tether Invests in CityPay.io to Enhance Payment Solutions in Eastern Europe
Tether Operations Limited, the prominent stablecoin player in the digital asset industry, has announced an additional investment in CityPay.io. This strategic partnership aims to accelerate the adoption of cryptocurrency and introduce...
Angry shoppers are fighting back against inflation — even the wealthy ones. Companies are feeling it.
“Let’s stop buying from these jokers,” one consumer said. “I bet they reduce these prices real quick.”
ECB’s Wunsch sees path to start rate cut, but not preset course of action
Speaking in Frankfurt, ECB Governing Council member Pierre Wunsch indicated the even though the outlook remains “foggy”, he saw a “path for initiating rate cuts this year.” He added that the upcoming June meeting would provide clearer insights into wage and service...
What’s in a VIN? How to decode the vehicle identification number, your car’s unique fingerprint :: InvestMacro
By Jordan Frith, Clemson University Every vehicle built after 1981 has a unique vehicle identification number, or VIN. The location of this string of letters and numbers varies, but it’s located somewhere on every car, SUV, motorcycle and truck – typically on a small...
Indian lenders to appeal cenbank’s tough project finance proposal, sources say, ET BFSI
By Ira Dugal and Siddhi NayakMUMBAI -Indian lenders will appeal against a central bank proposal to tighten rules for infrastructure project loans, according to a banker and a source familiar with the matter.The Indian Banks Association (IBA) is gathering inputs and...
Don’t even think about renting in NYC or Boston unless you make well over $100,000 a year
A new Zillow report reveals exactly how much annual income someone needs to comfortably pay the exorbitant housing costs in the Big Apple and other major cities.
April CPI Preview: The Clock Is Ticking for a September Cut
Summary A string of uncomfortably-hot inflation readings in the first quarter leaves a narrow window for inflation to downshift before a late summer rate cut by the Federal Open Market Committee (FOMC) is no longer on the table. We expect the April CPI report to...
Icahn Enterprises says it will keep paying its $1 quarterly dividend
Carl Icahn’s investing arm narrowed its loss in the first quarter even as revenue fell.
David Fineberg, Albert Soleiman acquire more CMC Markets shares
CMC Markets Plc (LON:CMCX), a global provider of online trading and platform technology, today announced transactions in its shares by members of its top management. David John Fineberg, deputy CEO of CMC Markets, and Albert Soleiman, CFO of the broker, acquired...
Japanese financial company SMFG to invest Rs 1.3k crore in Indian arm, ET BFSI
Mumbai: Japan's Sumitomo Mitsui Financial Group (SMFG) has invested Rs 1,300 crore in its Indian arm through a rights issue.SMFG India Credit (formerly Fullerton India Credit), in turn, has invested Rs 150 crore in its wholly-owned subsidiary SMFG India Home Finance....
ECB’s Holzmann decisively against quick and strong interest rate cuts
In an interview published today, ECB Governing Council member Robert Holzmann indicated that while he is open to rate cut in June, “I see absolutely no reason for us to cut key interest rates too quickly, too strongly,” he said. Holzmann also acknowledged the...
Snap takes advantage of recent stock surge to sell convertible debt
Snap’s stock pulled back Wednesday after the parent of the video-messaging app Snapchat planned to take advantage of the recent runup in its stock price to sell convertible debt.
Agoa’s winners, losers and what should come next :: InvestMacro
The African Growth and Opportunity Act (Agoa) is a landmark piece of trade legislation enacted by the United States in 2000. Its goal is to promote economic growth, development and poverty reduction in sub-Saharan Africa by providing qualifying countries with...
RBI Governor meets UPI stakeholders to discuss expansion potential, ET BFSI
The Reserve Bank of India (RBI) Governor, Shaktikanta Das, held a meeting on Wednesday with the major stakeholders in the UPI ecosystem such as Banks, National Payments Corporation of India (NPCI), Third Party Application Providers and Technology Service Providers....
PSBs’ spreads between lending and deposits rates hit 10-year low of 2.28%, ET BFSI
The spreads, or the difference between lending and deposit rates, for Public Sector Banks (PSBs) reached a new 10-year low of 2.28%, while Private Banks (PVBs) maintained a relatively higher spread of 3.81% compared to PSBs.In March 2024, India's Scheduled Commercial...
Intel’s stock drops after U.S. revokes licenses for exports to China customer
Intel’s stock took a hit Wednesday after the semiconductor giant disclosed that a U.S. government ruling will stop the export of some of the company’s products to a customer in China.
German Industrial Production Slide Brings Closer ECB’s Rate Cut
German industrial production continues to decline. The rate of contraction in March was slightly better than the average forecasts but maintained the downward trend. The index of industrial production fell by 0.4% in March and by 3.3% y/y, having lost in annual terms...
Georgia appeals court will hear Trump bid to disqualify D.A. Fani Willis in election case
Fani Willis, the district attorney of Fulton County, Georgia, photographed on Sept. 20, 2022, and former President Donald Trump, photographed on Aug. 8, 2023.Scott Eisen | Getty ImagesA Georgia appeals court Wednesday agreed to hear a bid by Donald Trump to disqualify...
Affirm’s upbeat earnings reflect differentiated buy-now-pay-later approach
Affirm, the buy-now-pay-later company, issued upbeat results and guidance.
TradingView adds back-adjustment of previous contracts and tracking of OI for HNX futures
TradingView has introduced two new features to enhance trading experience: back-adjustment of previous contracts and tracking of Open Interest for the futures of the Hanoi stock exchange (HNX). One of the challenges in futures trading is managing the transition...
EU seeks information from X on content moderation amid DSA probe
Elon Musk, CEO of Tesla and owner of social media site X, formerly known as Twitter, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition center in Paris, France, on June 16, 2023.Gonzalo Fuentes |...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 154.11; (P) 154.43; (R1) 155.01; More… Intraday bias in USD/JPY remains mildly on the upside at this point. Rebound from 151.86 is seen as the second leg of the corrective pattern from 160.20 high. Further rise would be seen to 157.98 resistance. On...
Waaree Energies, Ecofy partner to offer finance for solar rooftop projects, ET BFSI
New Delhi, Waaree Energies on Wednesday said it has partnered with Ecofy to provide financing solutions for installation of solar rooftop projects. "Ecofy is committing Rs 100 crore into the partnership, showcasing confidence in Waaree's capabilities and the renewable...
A Premier Crypto Exchange Tailored for Seasoned Traders – Blockchain News, Opinion, TV and Jobs
Revolut, the London-based digital banking behemoth boasting over 40 million customers worldwide, has officially launched its much-anticipated Revolut X crypto exchange platform, marking a significant stride into the competitive landscape of cryptocurrency trading. In...
Monster Beverage launches $3 billion stock buyback
Beverage company’s chief executive may sell up to about $33 million of stock to provide “flexibility.”
Shopify shares plunge 18% on weak guidance
The corporate logo of e-commerce company Shopify hangs at the building that contains the offices of Shopify Commerce Germany GmbH on August 08, 2022 in Berlin, Germany. Sean Gallup | Getty ImagesShopify reported first-quarter earnings and sales on Wednesday that were...
Dollar Making Progress in Quiet Markets, Yen Weakening Further
The financial markets are relatively quiet entering into US session. Despite a significant downturn in Japanese equities earlier, European markets have remained resilient, with major indices post modest gains. In the commodities sector, oil prices continue their near...
Golden cross on the horizon? :: InvestMacro
USDSEK jumps on Riksbank cutCurrency pair in megaphone patternKey point of reference at golden 161.8 Fib levelPotential golden cross on horizonOther key levels at 11.0678 and 10.8333The USDSEK punched above 10.9 on Wednesday after Sweden’s central bank cut rates for...
These are the potential ‘shock’ scenarios around next week’s inflation data, says Goldman Sachs
Next week’s CPI data could “shock” the market in a couple of ways, cautions Goldman Sachs.
Profit jumps 18% YoY to Rs 3,757 crore; NII rises 11%, ET BFSI
Canara Bank on Wednesday posted 18% growth in its standalone net profit at Rs 3,757 crore for the quarter ended March 2024. The same stood at Rs 3,174 crore in the last year period.Net interest income (NII) for the reporting quarter increased 11% year-on-year (YoY) to...
World Bank India chief, ET BFSI
World Bank’s Country Director for India, Dr Auguste Tano KouaméThe World Bank’s Country Director for India, Dr Auguste Tano Kouamé, on Wednesday said that for the 8% growth rate for India, there is a need for increase in the private investment apart from the public...
In Tesla Autopilot probe, U.S. prosecutors focus on securities, wire fraud, Reuters reports
A Tesla car charges up at a Tesla Supercharger on May 02, 2024 in Petaluma, California. Justin Sullivan | Getty ImagesU.S. prosecutors are examining whether Tesla committed securities or wire fraud by misleading investors and consumers about its electric vehicles'...
Canadian Dollar Slips Despite Strong Ivey PMI
USD/CAD has edged higher on Wednesday and is up 0.25%, trading at 1.3760 at the time of writing. Canada’s Ivey PMI climbed sharply in April to 63.0, up from 57.5 in March and beating the forecast of 58.1. This marked the highest level since May 2022, indicating that...
HKMA Forms “Project Ensemble Architecture Community” to Shape Tokenization Standards
In order to make a substantial contribution to the development of the tokenization market in Hong Kong, the Hong Kong Monetary Authority (HKMA) has established the "Project Ensemble Architecture Community." Through the development of...
Virgin Galactic’s better-than-expected cash burn a positive sign, says KeyBanc
Virgin Galactic Holdings Inc. gave an update on its closely-monitored cash position when it reported its first-quarter results after the bell Tuesday, with the company’s cash burn, in particular, attracting attention.
Suzuki Akihiko joins Finalto Asia as Head of Japan Markets
Finalto Asia Pte Ltd, a leading global financial trading solutions provider, has announced the appointment of Suzuki Akihiko as the Head of Japan Markets, effective immediately. With an illustrious career spanning over two decades in the financial sector, Suzuki...
RBI asks NBFCs to stick to loan cash payout limit of Rs 20,000, ET BFSI
India's central bank has asked non-bank finance companies (NBFC) to strictly adhere to a cap of 20,000 rupees ($240) in cash loans, according to a letter seen by Reuters and two people aware of the development, in a bid to deter cash transactions."Please refer to...
Movie slate lacks franchise hits
Ryan Gosling stars in Universal's "The Fall Guy."UniversalFor the first time since 2009, the box office doesn't have a Marvel film to kick off the summer movie season — and it shows.Since the 2008 release of "Iron Man," Marvel Cinematic Universe films have...
WTI crude trends downward amid revised EIA supply and demand forecasts
WTI crude oil is extending its near term decline today on expectation of higher production and lower demand ahead. If WTI cannot reclaim 80 mark in short term, there is prospect of downside acceleration through 70 next. In its latest report, the US Energy Information...
Applebee’s, IHOP parent has rare profit miss as consumers remain price sensitive
Stock falls premarket as same-restaurant sales for both Applebee’s and IHOP chains fell more than expected.
Democratic Party of Korea Pushes for Reconsideration of Spot Bitcoin ETFs
In order to execute the promise it made during the campaign to enable spot Bitcoin exchange-traded funds (ETFs) with underlying virtual assets in the nation, the Democratic Party of Korea is now pursuing the necessary next measures. By...
Oil prices are rising amid rumors of increased production by OPEC countries. European indices are growing amid the “dovish” position of the ECB :: InvestMacro
By JustMarketsThe US stock indices traded mixed on Tuesday. The Dow Jones Index (US30) rose by 0.08%, while the S&P 500 Index (US500) gained 0.13%. The NASDAQ Technology Index (US100) closed negative 0.10% yesterday. Minneapolis Fed President Kashkari’s comments...
Oil prices slump after industry data shows rise in U.S. crude inventories
Oil futures traded lower after industry data showed a rise in U.S. crude and product inventories.
EURJPY Flirts With 167.00 Again
EURJPY recoups previous losses Rebounds off ascending trend line Surpasses short-term SMAs Oscillators gain momentum EURJPY is flirting with the 167.00 round number after the bounce off the long-term rising trend line and the 164.00 handle. The pair has been...
Earn up to 8.75% interest rate; check list of revised fixed deposit rates, ET BFSI
RBL Bank FD rates: RBL Bank has updated its fixed deposit (FD) interest rates for amounts below Rs 2 crore, effective from May 1, 2024. These revised rates could benefit a range of investors, including senior citizens and super senior citizens.Top interest rate: 8.75%...
Uber (UBER) Q1 2024 earnings
Dara Khosrowshahi, CEO of Uber, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024.Adam Galici | CNBCUber reported first-quarter results on Wednesday that came in slightly above analysts' estimates for...
Here’s an investment strategy geared to give you a smooth ride down Wall Street
Why slow and steady really does win the race.
EUR/GBP Daily Outlook – Action Forex
Daily Pivots: (S1) 0.8575; (P) 0.8587; (R1) 0.8611; More… EUR/GBP’s break of 0.8582 resistance suggests that fall from 0.8643 has completed at 0.8529. Intraday bias is back on the upside for 0.8643 resistance. Firm break there will resume the choppy rebound from...
Trump classified documents trial in Florida postponed indefinitely
Republican presidential candidate and former U.S. President Donald Trump gestures while he walks with his attorney Todd Blanche, as his criminal trial over charges that he falsified business records to conceal money paid to silence porn star Stormy Daniels in 2016...
Tradu launches crypto exchange – FX News Group
Multi-asset trading platform Tradu has launched a new crypto exchange. From today, crypto traders can securely invest in over 40 coins including Bitcoin and Ethereum via Tradu’s trading platform. Tradu is part of Stratos Group International, LLC, a wholly owned...
22KT, 18KT, 14KT gold price today from Indian Bullion and Jewellers Association (IBJA), ET BFSI
The price of gold varies every day due to factors that affect the demand and supply of the precious metal. Investors prefer to invest in gold when there is recessionary pressure in the economy. Indians usually also buy gold for weddings or on auspicious days like...
How RBI is easing banking liquidity amid election slowdown in govt spending, ET BFSI
The Reserve Bank of India (RBI) is taking steps to address liquidity constraints within the banking system, as the ongoing 2024 national elections, spanning over six weeks, have led to a slowdown in government spending despite robust tax collections.With voting...
Toyota profit surges amid hybrid demand as BMW sees net income slump
Toyota said a combination of higher sales and stronger margins saw it more than double its profits in the first quarter of 2024, as its rival BMW saw its profits slump
The Crypto Comeback: How Businesses are Cashing in on the Digital Goldrush
The cryptocurrency market has enjoyed a bullish last few months. Bitcoin, the first and most well-known cryptocurrency, has captured headlines with its sustained price rises. But cryptocurrencies are more than just investments for...
Most customers of crypto firm will get all money back
Sam Bankman-Fried, co-founder of FTX Cryptocurrency Derivatives Exchange, arrives at court in New York, US, on Thursday, Feb. 16, 2023.Yuki Iwamura | Bloomberg | Getty ImagesAlmost all customers of collapsed cryptocurrency exchange FTX will get their money back — and...
EUR/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 165.82; (P) 166.19; (R1) 166.73; More… EUR/JPY’s break of 55 4H EMA (now at 166.14) suggests that pull back from 171.58 has completed at 164.01 already. Rebound from there is seen as the second leg of the corrective pattern. Intraday bias is back on...
HK regulator warns public of Quantum AI
The Securities and Futures Commission (SFC) of Hong Kong today warned the public of suspected virtual asset-related fraud involving an entity operating under the name of “Quantum AI”. Quantum AI claims to provide cryptocurrency trading services with its underlying...
China rally has further room to run, Bank of America options analysts say
The rally in Chinese stocks may have legs because options traders have yet to chase it, say analysts at Bank of America.
Biden to unveil $3.3 billion Microsoft AI investment in battleground Wisconsin
Construction at Foxconn complex in Mt. Pleasant, Wisconsin in August 2020.Brian Snyder | ReutersPresident Joe Biden will visit the political battleground state of Wisconsin on Wednesday to announce plans by Microsoft Corp to build a $3.3 billion high-tech data center...
Muthoot Microfin looking to raise $50 million in ECB, BFSI News, ET BFSI
Kolkata: Muthoot Microfin, the microfinance arm of Kerala-based financial services group Muthoot Pappachan Group, is looking to raise $50 million in external commercial borrowing (ECB) in a bid to diversify fund sources and elongate the liability profile.“We are in...
RBI’s latest norms may derail Modi govt’s flagship economy driver, ET BFSI
A wary Reserve Bank of India will likely enforce a rule that could dampen the spirits of India’s capital expenditure momentum, a highlight of the Narendra Modi government’s tenure at the Centre.RBI has issued draft guidelines asking lenders in India to increase their...
Crypto Whale Withdraws $75.8 Million in USDC From Coinbase To Invest In Ethereum’s Biggest Presale – Blockchain News, Opinion, TV and Jobs
A crypto whale has withdrawn $75.8 million USDC from Coinbase institutional and invested a significant amount in Ethereum’s biggest presale, ETFSwap (ETFS). An anonymous crypto whale reportedly withdrew a whopping $75.8 million in USDC from their Coinbase...
Tesla must provide NHTSA with Autopilot recall data or face fines
Tesla vehicles sit on the lot at a Tesla dealership in Austin, Texas, on April 15, 2024.Brandon Bell | Getty ImagesThe National Highway Traffic Safety Administration is pressing Tesla for answers about changes the company made to its Autopilot driver assistance system...
GBPUSD Pulls Back After Testing 50-day SMA
GBPUSD reverses lower after 50-day SMA curbs advance Violates both the 200-day SMA and descending trendline Momentum indicators are neutral-to-negative GBPUSD had been in a recovery mode following its bounce off the five-month bottom of 1.2298, with the price...
‘I got seriously burned’: My financial adviser took me for lunch, bought my kids gifts — and had me invest $500,000 in annuities. What should I do?
“When I finally learned I’d been scammed, it took me a decade to pull my money out of the various annuities little by little, year by year.”
UK to Introduce New Stablecoin and Crypto Laws by July
https://unsplash.com/photos/red-and-blue-light-streaks-fiXLQXAhCfk On April 15, 2024, at the Innovative Finance Global Summit, the UK’s Economic Secretary, Bim Afolami, announced plans to introduce new laws to regulate the issuance and...
Reddit (RDDT) Q1 2024 earnings
Reddit CEO Steve Huffman hugs mascot Snoo as Reddit begins trading on the New York Stock Exchange (NYSE) in New York on March 21, 2024. Timothy A. Clary | AFP | Getty ImagesReddit shares rallied 14% in extended trading on Tuesday after the company released quarterly...
CEA V Anantha Nageswaran, ET BFSI
CEA with other dignitaries at an event organised by NCAER in New Delhi.NEW DELHI: Chief Economic Adviser (CEA) V Anantha Nageswaran bets on the high possibility of India’s 8% growth rate in the Financial Year 2024. At an event organised by NCAER in New Delhi, the CEA...
Sampo completes transfer of its Saxo Bank stake to Mandatum
Finland based insurance company Sampo plc has announced that the sale of its 19.83% holding in Saxo Bank to (its former asset management unit) Mandatum will be completed on 13 May 2024, now that all regulatory approvals for the transaction have been obtained. The...
Japanese Yen Weakens Despite Government Warnings
The USD/JPY pair is on the rise again this Wednesday, recovering more than half of its previous losses despite ongoing warnings from Japanese authorities about sharp fluctuations in the yen. Finance Minister Shunichi Suzuki reiterated today that the government is...
MD & CEO Shanti Lal Jain, ET BFSI
Indian Bank witnessed a 11 per cent increase year-on-year in total deposits and it touched Rs 6,88,000 crore as of March 31, 2024 while gross advances increased by 13 per cent to Rs 5,33,773 crore. Public sector Indian Bank has set a target to cross Rs 1 lakh crore...
What are Convolutional Neural Networks (CNNs)?
Artificial intelligence has reached a position that would be impossible to imagine a few years back. Machine learning models are capable of producing output that would have required months of work from expert data scientists. Artificial intelligence technology has...
U.S. probe finds widespread sexual misconduct at FDIC
Federal Deposit Insurance Corporation (FDIC) building is seen in Washington DC, United States on April 2, 2023.Celal Gunes | Anadolu Agency | Getty ImagesThe Federal Deposit Insurance Corporation must make sweeping changes to address widespread sexual harassment and...
Former Google CEO lists his $24.5 million estate in the country’s most expensive ZIP Code
Tech titan Eric Schmidt and his wife Wendy Schmidt are selling their lavish abode in Atherton, Calif.
Monzo boosts funding to $610 million to crack U.S., launch UK pensions
British neobank Monzo said Wednesday that it's raised another $190 million, lifting the total it's raised so far this year to $610 million.The company told CNBC it raised the cash from new investors including Hedosophia, a backer of top European fintechs including N26...
Govt evaluating RBI proposal for higher infrastructure provisioning; bankers, NBFCs voice concern, ET BFSI
New Delhi|Mumbai: The government is evaluating Reserve Bank of India draft rules calling for higher provisioning in infrastructure projects, while lenders are likely to oppose them on multiple forums. Officials cited concerns that they could lead to a rise in interest...
Standard Chartered US$200K BTC forecast – says Bitcoin will surge if Trump wins election
ICYMI on crypto, the latest from Standard Chartered this week. Analysts at the bank point to two reasons a Trump win would be positive for Bitcoin. 1. Trump would ease back on regulating crypto: “While officials in the Biden administration have taken a relatively...
GBP/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 192.94; (P) 193.54; (R1) 194.08; More.. Intraday bias in GBP/JPY stays neutral for the moment. On the upside, sustained break of 55 4H EMA (now at 193.86) will bring stronger rebound back toward 197.40 resistance. On the downside, below 191.34 will...
Indian households’ financial savings drop to a five-year low of Rs 14.1 lakh crore in FY23, ET BFSI
Indian households saw a decline in net financial savings during the fiscal year 2022-23, dropping to a five-year low of Rs 14.16 lakh crore from Rs 17.12 lakh crore in the previous year, according to data from the statistics ministry. This reduction in net savings can...
HKEX to launch weekly single stock options for 10 Hong Kong-listed equities
Hong Kong Exchanges and Clearing Limited (HKEX) has unveiled its plans to launch weekly single stock options for 10 Hong Kong-listed equities. HKEX plans to launch these new weekly expiries by the end of 2024, subject to market readiness and regulatory approval. HKEX...
Sweden becomes second major central bank to cut rates
The dollar rallied against the Swedish krona on Thursday after Sweden’s Riksbank became the second major central bank to cut interest rates this cycle.
Appian CEO on Big Tech AI strategy, competition concerns, regulation
Just_super | E+ | Getty ImagesBig technology companies are consuming as much data as possible to become winners in artificial intelligence — but that's not necessarily what will define winners, according to the boss of software giant Appian.Matt Calkins, CEO and...
FTX Unveils Billions Repayment Plan to Compensate Creditors
A repayment plan has been disclosed by FTX, the digital asset exchange that has gone bankrupt, in order to recompense its creditors for the damages they have sustained. Repaying all claims and providing extra compensation for the time...
Incred Alternatives raises Rs 330 cr PE fund, BFSI News, ET BFSI
Mumbai, Incred Alternative Investments on Tuesday said it has raised private equity fund worth Rs 330 crore. Incred Growth Partners Fund I, its maiden PE fund, has received commitments of Rs 330 crore in its first close and is targeting a final close of Rs 500 crore,...
U.S. paused shipment of weapons to Israel to head off Rafah invasion, says official
Israeli army tanks take position in southern Israel near the border with the Gaza Strip on May 7, 2024, amid the ongoing conflict between Israel and the Palestinian Hamas movement. Menahem Kahana | Afp | Getty ImagesU.S. President Joe Biden's administration paused...
India sees no ‘nasty’ upside to inflation, govt adviser says, BFSI News, ET BFSI
NEW DELHI -India does not see any nasty upside to inflation at the moment, and expects its economy to expand by more than 7% in the current fiscal year, V. Anantha Nageswaran, the government's chief economic adviser, said on Wednesday.Annual retail inflation rate...
Gold Stands Above 2,300 – Action Forex
Gold retains sideways move in 4-hour chart MACD and RSI look weak Gold prices are holding near the 50-period simple moving average (SMA) and the mid-level of the Bollinger band, trading within a sideways channel of 2,277-2,332 in the 4-hour chart. According to...
‘I want to die “young” as late as possible,’ says 83-year-old triathlete doctor who reinvented himself after a midlife crisis
Joseph Maroon says he’s too busy to slow down.
How generative, ChatGPT-like AI is accelerating humanoid robots
Shenzhen-based LimX Dynamics shows off one of its humanoid robots.Limx DynamicsBEIJING — ChatGPT-like artificial intelligence is speeding up research and bringing humanoid robots closer to reality in China, home to many of the world's factories.AI has been around for...
Is Boeing (BA) a Recovery Play? Evaluating Upside Potential and Risks :: InvestMacro
By Ino.comThe Boeing Company (BA), a stalwart in aircraft manufacturing and services, has faced a cascade of challenges so far this year. Just as the dust was settling on its mid-air blowout incident in January, another report emerged of a plane having mechanical...
Aadhar Housing Finance raises nearly Rs 900 crore from anchor investors, ET BFSI
Representative ImageNEW DELHI: Aadhar Housing Finance Ltd, which is backed by private equity major Blackstone, on Tuesday said it has mobilised Rs 898 crore from anchor investors, a day before the launch of its initial public offering (IPO). The company has decided to...
India’s growth can top 6.5% for a decade, says CEA Nageswaran, ET BFSI
Chances are “quite high” that India’s growth exceeded 8% in the fiscal year that ended in March and the economy will likely expand more than 7% in the current financial year, he said. The rainfall pattern in the months ahead will be crucial for the growth outlook, he...
What is ATM card trap scam and how you can stay safe, ET BFSI
Beware of the ATM card trap scam where fraudsters use skimming devices to steal your card info, distract you to steal your PIN, and withdraw money from your account. Stay safe by choosing secure ATMs and contacting the bank directly. Updated On May 8, 2024 at 11:12 AM...
Spectral Labs Joins Hugging Face’s ESP Program to advance the Onchain x Open-Source AI Community – Blockchain News, Opinion, TV and Jobs
New York, New York, May 7th, 2024, Chainwire Spectral is excited to announce its participation in Hugging Face’s Expert Support Program. Spectral is collaborating with deep learning experts from Hugging Face to advance open-source models, datasets, and applications...
Australian Tax Office targeting unreported crypto profits: 1.2m accounts investigation
The Australian Taxation Office (ATO) is seeking personal data and transaction details from crypto exchanges to crack down on potential tax evaders.Finance Magnates has the details, here:Oversight of Crypto Tax Compliance ATO's notice aims to identify individuals who...
FX option expiries for 8 May 10am New York cut
There aren't any major expiries to take note of for the day. As such, traders will have to get stuck with the push and pull mood after the events from last week. The dollar is steadier as the overall risk mood appears to be more muted in the last few sessions.If...
Anheuser-Busch InBev tops estimates in last quarter where Bud Light boycott hits growth
Anheuser-Busch InBev reported stronger-than-forecast first-quarter profits in what was the final period where the consumer boycott of Bud Light will impact growth.
U.S. revokes some export licenses to sell chips to China’s Huawei
BERLIN, GERMANY - SEPTEMBER 03: People arrive to attend the Huawei keynote address at the IFA 2020 Special Edition consumer electronics and appliances trade fair on the fair's opening day on September 03, 2020 in Berlin, Germany. The fair is taking place despite the...
Oddity Tech (ODD) earnings Q1 2024
As Ulta Beauty says it expects a slowdown in retail's most resilient category, an upstart says it is bucking the trend. Oddity Tech, the newly public Israeli cosmetics platform that uses artificial intelligence to develop products, posted first-quarter results that...
Latest news on Russia and the war in Ukraine
Russia used more than 50 missiles and 20 drones in overnight attacks, Zelenskyy saysRussia used dozens of missiles and drones to attack Ukraine's infrastructure overnight, Ukraine's President Volodymyr Zelenskyy said Wednesday morning."More than 50 rockets and more...
Dollar Recovery Continues, But Bulls Struggle to Secure Full Control
Dollar’s rebound gained some momentum in Asian session today on resurgence of risk aversion. Selloff in Japan was most notable where key industry leaders like Fast Retailing, Nintendo, and Toyota saw substantial declines. The sentiment was further dampened after...
U.S. consumers pull back sharply on credit-card use in March
Total consumer credit rose at a slower pace in March, the Federal Reserve reported Tuesday.
Banks’ commercial real estate exposure nears Rs 4 lakh crore, BFSI News, ET BFSI
Indian banks have shown a significant uptick in lending to the commercial real estate sector, indicating renewed confidence among lenders in the stability and appeal of the real estate market. According to the latest data from the Reserve Bank of India (RBI), the...
LockBit ransomware indictment and reward for Russian
Zoom In IconArrows pointing outwardsDmitry Yuryevich Khoroshev, Russian national and a leader of LockBit. Courtesy: U.S. Department of the TreasuryFederal prosecutors on Tuesday announced criminal charges against a Russian national, Dmitry Yuryevich Khoroshev, for...
Bonds are getting a boost from oil’s dip below $80 a barrel
U.S. bonds have been getting a boost from oil prices that have dipped below $80 a barrel.
Saurabh Mukherjea | Saurabh Mukherjea Portfolio: Why Saurabh Mukherjea isn’t losing sleep over stress in HDFC Bank, Kotak and Bajaj Finance, ET BFSI
Three financial giants HDFC Bank, Kotak Mahindra Bank and Bajaj Finance, which is almost half of PMS fund manager Saurabh Mukherjea's Kings of Capital portfolio, are having a tough time. But the star stock picker isn't the one to switch sides when the going gets...
SEC Chair Gensler dodges Trump Media campaign finance questions
Securities and Exchange Commission Chair Gary Gensler on Tuesday refused to comment on speculation of whether Trump Media is a funding organ for Donald Trump's presidential campaign."I'm not going to speak on any one company," Gensler said in an interview on CNBC's...
Gold prices ease back from a 1-week high
Gold prices settle with a loss Tuesday, a day after posting their highest finish in a week, though prospects for a fresh rally remain high as traders continue to monitor developments in the Middle East.
UK100 Analysis: Stock Market Optimistic Ahead of Bank of England News
On Monday, the UK observed a bank holiday for May Day, and on Tuesday, the stock market demonstrated accumulated optimism. The FTSE index (UK100) today surpassed the 8300 mark. Additionally: → The opening occurred with a bullish gap; → On the daily chart of UK100,...
AMC and Cinemark yet to reclaim ‘pre-COVID glory’ as foot traffic still well below pre-pandemic levels, research says
Movie theater chain and original meme stock AMC reports first-quarter results after market close Wednesday.
This bank offers up to 9.10% FD interest to senior citizens, 8.5% rate to others, ET BFSI
Utkarsh Small Finance Bank has revised interest rates of fixed deposit (FD) of less than Rs 2 crore. The revised rates are effective from May 1, 2024, according to the website. The revised rates are applicable for fresh fixed deposits as well as for the renewal of...
Japanese Yen to Stay in Recovery Mode, While Yields Turning from Resistance
We warned our members about limited weakness and recovery on Japanese yen right before intervention. As you can see, yen is already recovering because US 10Yr Yields are already turning down from resistance, while Japan 10Yr Yields are barely trying to follow due to...
Biden set to meet with executives from Citi, United Airlines & others
US President Joe Biden speaks about his Investing in America agenda at the Wilmington Convention Center in Wilmington, North Carolina, on May 2, 2024. Mandel Ngan | AFP | Getty ImagesPresident Joe Biden is set to meet Tuesday afternoon with a slate of executives from...
A reliable labor-market recession indicator has triggered — but this time it could be bullish for stocks
A reliable recession indicator maintained by market strategists at Piper Sandler triggered last week — but the same strategists who developed the indicator believe that, in all likelihood, its triggering is bullish for stocks.
Bitcoin Can’t Accelerate But Won’t Give Up Trying
Market picture The crypto market capitalisation fell by 1.7% in 24 hours to $2.29 trillion, as Bitcoin lost 1.1% and Ethereum – 3%, but Solana has added 4%. However, the latter is noticeably out of step, with most of the other coins going down. On Monday, Bitcoin...
FIS introduces fintech platform Atelio by FIS
FIS (NYSE:FIS), a global leader in financial technology, has today introduced Atelio by FIS, a fintech platform that provides the building blocks for financial institutions, businesses and software developers to embed financial services into their offerings. The...
IndusInd sets itself a new Rs 4.2 lakh crore target, eyes 2030 timeline, ET BFSI
IndusInd International Holdings (IIHL) has set its sights on a new Rs 4.2 lakh crore target that it plans to fulfil by 2030, ToI reported on May 6.Under the new plan, IIHL is looking to set up a banking, financial services, and insurance portfolio worth $50 billion...
TikTok sues to stop potential U.S. ban, following through on its promise of a court fight
TikTok and parent company ByteDance have filed a lawsuit that challenges a new U.S. law that could lead to a nationwide ban for the app.
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0753; (P) 1.0772; (R1) 1.0789; More… EUR/USD is staying in consolidation below 1.0810 temporary top and intraday bias stays neutral. While deeper retreat cannot be ruled out, further rally is expected as long as 55 4H EMA (now at 1.0725) holds. On...
CVS to tap high-grade bond market with five-part deal in busy day for issuance
CVS Health Corp. is tapping the investment-grade corporate bond market on Tuesday, with a five-part deal that’s expected to price later in the day.
Food startup Hungryroot uses AI to reduce waste, climate offender
Food waste is so prolific in the U.S. that roughly one-third of the amount produced ends up in landfills rather than stomachs. That adds up to excess production, packaging, storage and delivery requirements, all negatively contributing to climate change.A recent study...
Visa unveils AI-powered solution to combat account attacks
Visa Inc (NYSE:V), a leader in digital payments, has announced updates to its Visa Account Attack Intelligence (VAAI) offering with the addition of the VAAI Score, a new tool that uses generative AI components to identify and score enumeration attacks. The VAAI Score,...
Recent trends driving the Housing Finance industry in India, ET BFSI
Recent trends driving the Housing Finance industry in IndiaDriven by rising incomes, enhanced affordability and substantial government support, the Indian housing finance industry is on a growth trajectory with a robust 13% Compound Annual Growth Rate (CAGR) over...
These U.S. stocks could suffer most from stagflation, Barclays says
The specter of waning U.S. demand combined with persistent inflation is adding up to the potential for a stagflationary environment that could hit some well-known stock names, according to one Wall Street bank.
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2535; (P) 1.2565; (R1) 1.2591; More… GBP/USD is staying in consolidation below 1.2633 temporary top and intraday bias remains neutral at this point. Further rise remains in favor as long as 1.2471 support holds. Above 1.2633 will resume the...
Binance Successfully Integrates dYdX (DYDX) Mainnet
Binance, the renowned cryptocurrency exchange, has recently finalized the integration of dYdX (DYDX) mainnet. The announcement, made on the Binance Support Center, reveals that users can now make deposits of the DYDX token. However,...
Ethernity Transitions to an AI Enhanced Ethereum Layer 2, Purpose-Built for the Entertainment Industry – Blockchain News, Opinion, TV and Jobs
LOS ANGELES, United States, May 7th, 2024, Chainwire Global brands and talent will be able to use Ethernity’s technology to store their IP on-chain and engage with their fans through next-generation content and experiences Ethernity, the renowned platform for...
Plus500 shareholders vote against directors’ remuneration report
Retail FX and CFD broker Plus500 Ltd (LON:PLUS) has just announced the results of the Annual General Meeting (AGM) held earlier today. Each of the resolutions proposed were voted on by way of a poll. All but one of the resolutions (namely resolution 9, which was an...
JPMorgan cuts at least six investment banking jobs in Hong Kong, ET BFSI
The job cuts were first reported by Bloomberg on TuesdayHONG KONG: JPMorgan Chase & Co has become the latest Wall Street firm to reduce its workforce in Hong Kong, two sources with knowledge of the matter said, amid a weaker market and dealmaking activities.The...
Biden to tout Microsoft expansion at Wisconsin site where Trump-touted Foxconn plant flopped: report
President Joe Biden’s visit to the Dairy State on Wednesday will feature the Democratic incumbent highlighting a Microsoft expansion plan on land meant for Foxconn during the Trump era, according to a Milwaukee newspaper’s report.
New York tops new list
New York is the richest city in the world, with 359,500 millionaires and 60 billionaires, although the Bay Area of California is close behind, according to a new study.New York's millionaire population has surged 48% over the past decade, despite fears of wealth...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.9043; (P) 0.9056; (R1) 0.9076; More…. USD/CHF is staying in consolidation above 0.9005 temporary low and intraday bias stays neutral. Further decline is in favor as long as 55 4H EMA (now at 0.9101) holds. On the downside, break of 0.9005 and...
Fed’s Kashkari doesn’t rule out a rate hike
The biggest question facing the U.S. central bank is whether inflation is going to continue to resume its downward trend or settle at around a 3% level, in which case monetary policy may have to be tightened further, Minneapolis Federal Reserve President Neel Kashkari...
Touches fresh 2024 high! :: InvestMacro
Wheat kisses new 2024 highWatch out for WASDE report on FridayBulls back in control on D1 chartsKey levels at 638, 629 and 615 FXTM’s new Wheat commodity is in the spotlight after hitting a fresh 2024 high on Tuesday!Prices hit the 638 level this morning as...
Belstar Microfin files papers for Rs 1,300-crore IPO, BFSI News, ET BFSI
The company is a NBFC-MFI (non-banking finance company - micro finance institution) offering loan products, such as micro enterprise, small enterprise, consumer goods, festival, education and emergency loans, and focuses on the lending model of 'self-help group'....
Amgen could threaten Novo Nordisk, Eli Lilly weight loss drug dominance
The injectable weight-loss medication Wegovy is available at New City Halstead Pharmacy on April 24, 2024 in Chicago, Illinois.Scott Olson | Getty ImagesNovo Nordisk and Eli Lilly have long dominated the rapidly growing weight loss drug market, but their duopoly is...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 153.12; (P) 153.57; (R1) 154.34; More… Intraday bias in USD/JPY remains neutral for the moment. On the upside, firm break of 55 4H EMA (now at 154.79) will bring stronger rebound towards 157.98 resistance. On the downside, below 151.86 will resume...
BP to focus on shareholder returns over climate ambitions, CEO Murray Auchincloss says
The BP chief executive said the oil major is set to make a series of 30 decisions that will determine whether the company meets it climate ambitions
GBP/USD: Action Slows Ahead of BoE Policy Decision on Thursday
Cable is holding within a narrow range on Tuesday as traders await fresh signals from the key economic event for sterling this week- BoE monetary policy meeting on Thursday. Data released today (Apr UK construction PMI well above expectations and house prices inched...
Finalto releases new Broker Series entry with focus on marketing / compliance
Finalto is excited to announce the release of its latest entry in the Broker Series, with a focus on marketing and marketing compliance. This new publication explores the evolving movements of retail trading and the reactive regulatory action that comes with it. It...
European airline shares slump on price warning from Ryanair CEO
European airline stocks slumped on Tuesday after the chief executive of Ryanair was quoted as saying ticket fare prices will rise by less than previously forecast.
IDBI Bank gets Rs 2.97 crore GST demand order, ET BFSI
IDBI Bank disclosed that it has received a GST demand order of Rs 2.97 crore, including interest and penalty, for alleged excess availment of input tax credit (ITC). The order, issued by the Dehradun state tax department for the 2018-19 fiscal year, comprises a tax...
How the outcome of Biden and Trump’s election rematch might impact stocks
The expected November rematch between President Joe Biden and former President Donald Trump is perhaps the biggest event on this year’s geopolitical calendar. Yet, it doesn’t appear to have had much of an impact on markets.
Apple iPad Pro and iPad Air 2024 with M4 chip announced
Apple CEO Tim Cook speaks during Apple's Worldwide Developers Conference (WWDC) at the Apple Park campus in Cupertino, California, on June 5, 2023.Josh Edelson | AFP | Getty ImagesApple announced new versions of its iPad Air and iPad Pro tablet computers on Tuesday in...
Sunset Market Commentary – Action Forex
Markets There’s nothing to break the deadlock for now. Last week’s correction higher in US Treasuries and lower in USD following the Fed-payrolls combo isn’t met by real follow-up action this week. A very light eco calendar supports the current standstill. Lower...
Brent crude oil experiences modest uptick amid mixed market signals :: InvestMacro
By RoboForex Analytical DepartmentBrent crude oil is seeing a slight increase on Tuesday, priced around $83.57 per barrel. The market remains close to two-month lows, caught between optimism for a peaceful resolution to the Middle East conflict and concerns over crude...
RBI tanks up on 18.5 tonnes of gold in Jan-Mar, exceeding 2023 tally, ET BFSI
Global central banks continued to bolster their gold reserves in March, with significant purchases led by emerging market banks, according to data from the World Gold Council (WGC). Central banks collectively added 16 tonnes of gold to their reserves during the month,...
Rs 5 lakh crore wiped off! Poll jitters, banking & auto woes weigh on indices, ET BFSI
Amid nervousness in the market during voting for the third phase of the Lok Sabha election, Indian benchmark equity indices closed lower on Tuesday, dragged by index heavyweight Reliance Industries, banking and auto stocks.The 30-share BSE benchmark Sensex declined...
International Paper stock rises on report of $15 billion buyout offer by Brazil’s Suzano
IP shares rise by 5% on potential deal that would value the company at a premium
New Crypto Casino TG.Casino Becomes Regional iGaming Partner of AC Milan – Blockchain News, Opinion, TV and Jobs
Milan, Italy, May 7th, 2024, Chainwire Cryptocurrency casino platform TG.Casino and iconic Italian football team AC Milan announced they have struck a new partnership this week. TG.Casino Announcement In a May 6 tweet, the @TGCasino_ account on X posted: ‘TG Casino...
EURUSD Returns Within a Sideways Range
EURUSD returns within range between 1.0725 and 1.0930 MACD and RSI detect a lack of directional momentum For the bears to recharge, a break below 1.0725 may be needed The outlook may turn bullish if the price breaks above 1.0930 EURUSD has been in a recovery mode...
Recovery seen ahead for German chip maker Infineon, sending shares soaring
Shares of Infineon AG stood out as a top performer in Europe on Tuesday, as analysts shook off another sales guidance cut from the German chip maker to focus on recovery hopes.
FCA bans, fines former CEO of Shard Capital Partners £120,300 for putting investors at risk
James Lewis, the former CEO of Shard Capital Partners has been fined £120,300 and banned by the Financial Conduct Authority (FCA). The regulatory action follows two separate instances of providing incorrect information about clients’ cash purportedly held by Shard. Mr...
Securitisation volumes hit pre-Covid levels of Rs 1.9 lakh crore as NBFCs diversify funding, ET BFSI
Securitisation volumes in the financial year 2023-24 have surged back to record highs of Rs 1.9 trillion, reminiscent of pre-pandemic levels, despite notable market changes including HDFC Ltd's merger. This resurgence is largely attributed to non-banking financial...
Yen Extends Losses, Fed Members Cautious
The Japanese yen is down for a second straight day on Tuesday. USD/JPY has risen 0.45%, up 154.59, up 0.45% at the time of writing. The yen is down 1% this week after soaring 3.4% against the dollar a week earlier. The markets are still buzzing after Japan’s Ministry...
Nikola’s stock turns down as revenue dropped to less than half what was expected
Nikola’s stock dropped premarket Tuesday, reversing a brief gain, after the electric-truck maker reported first-quarter revenue that fell to less than half what was expected, offsetting a narrower-than-expected loss.
Private equity firms circle Peloton for potential buyout
A Peloton Bike inside a showroom in New York, US, on Wednesday, Nov. 1, 2023. Peloton Interactive Inc. is scheduled to release earnings figures on November 2.Michael Nagle | Bloomberg | Getty ImagesA number of private equity firms have been considering a buyout of...
Survive, Conquer and Thrive in a Post-Apocalyptic Playground with DECIMATED – Blockchain News, Opinion, TV and Jobs
Singapore, Singapore, May 7th, 2024, Chainwire As the digital dawn of gaming rises, the visionary minds behind DECIMATED are ecstatic to unveil their groundbreaking foray into the desolate yet captivating future of online gaming. DECIMATED, a novel 3rd person PvP and...
The RBA kept all monetary policy settings. Oil rises amid the breakdown of negotiations between Israel and Hamas :: InvestMacro
By JustMarketsAt Monday’s close, the Dow Jones (US30) Index added 0.46%, while the S&P 500 (US500) Index was up 1.46%. The NASDAQ Technology Index (US100) closed positive 1.19% yesterday.The Dollar Index stabilized above 105 on Tuesday as investors continued to...
Dollar Strengthens Modestly as Forex Markets Quiet
The forex markets are displaying some calmness today. While Dollar is trading as the strongest performer, it lacks clear upside momentum indicating a reversal of the decline started last week. With no significant economic data expected from the US for the remainder of...
J&K Bank records highest profit but high cost to income ratio and aggressive competition remain a challenge, ET BFSI
The Jammu and Kashmir Bank has reported a record profit of Rs 1767 crore for 2023-24 but the officials at the bank informed that cost to income ratio including the humongous costs on human resource remains a challenge for the bank, which they promise to address in a...
Ex-president posts — then deletes — message about witnesses
Republican presidential candidate and former U.S. President Donald Trump sits in the courtroom, as his criminal trial over charges that he falsified business records to conceal money paid to silence porn star Stormy Daniels in 2016 continues, at Manhattan state court...
Celsius stock drops 5% in premarket trading after revenue falls short of analyst estimate
Celsius Holdings Inc.’s stock was down by 5% in premarket trading after the energy drink and protein bar maker’s revenue missed the FactSet consensus estimate.
Tesla chair Robyn Denholm sold over $50 million in stock this year
Robyn Denholm, chairman of Tesla Inc., speaks during an American Chamber of Commerce in Australia event in Sydney, Australia, on Wednesday, March 27, 2019.Brendon Thorne | Bloomberg | Getty ImagesTesla Chairwoman Robyn Denholm has just sold $17.3 million worth of her...
Disney streaming results improve as cable TV decays
The Walt Disney Company CEO Bob Iger attends the Nominees Luncheon for the 95th Oscars in Beverly Hills, California, U.S. February 13, 2023. Mario Anzuoni | ReutersFor Disney, the future is now.It's been five years in the making, but Disney nearly turned a profit in...
Australian Dollar Weakens as RBA Says No Rate Hikes Planned
The Australian dollar has lost ground on Tuesday. AUD/USD has dropped by 0.31%, trading at 0.6604 in the European session at the time of writing. RBA stays pat but wary of inflation There was no surprise as the Reserve Bank of Australia maintained the cash rate at...
‘We’ve had a hell of a run’: Stanley Druckenmiller cuts Nvidia stake.
Stanley Druckenmiller told the hosts of CNBC’s “Squawk Box” Tuesday morning that his firm had cut its stake in chip giant Nvidia Corp.
Adani Green Secures $400 million from international banks for 750 MW power projects, ET BFSI
Adani Group's green energy arm Adani Green Energy Ltd (AGEL), secured $400 million in financing for its under-construction 750 MW solar projects in Rajasthan and Gujarat by a consortium of five leading international banks, the company said on Thursday.The funding will...
Capital.com trading volumes rise 53% in 2023 as MENA focus continues
Retail FX and CFDs broker Capital.com has announced that total client trading volumes reached more than $1.2 trillion in 2023, or just north of $100 billion monthly. The company said that this is a rise of 53% from a year earlier, and marks the first time client...
Wipro, Microsoft to launch GenAI-powered assistants for financial services, ET BFSI
New Delhi: Leading technology services and consulting company Wipro on Monday announced that it is teaming up with Microsoft to launch a suite of cognitive assistants for financial services powered by generative artificial intelligence (GenAI). According to the...
Life Time fitness leans into pickleball with Lululemon partnership
Ben Johns and Anna Bright play pickleball at the new Life Time at Penn 1 next to Madison Square Garden in New York City on May 4, 2024.Mike Stobe | Getty ImagesLife Time fitness is all in on pickleball.That commitment to America's fastest-growing sport was clear in...
Joachim Nagel: Central Banks Need to Embrace Digital Currencies for Future Relevance
The president of the Bundesbank and a member of the European Central Bank (ECB), Joachim Nagel, emphasises the significance of central banks embracing technological innovation and implementing central bank digital currencies (CBDCs) in...
Crocs’ stock falls premarket as earnings beat is offset by soft guidance for Heydude brand
Crocs acquired the Italian brand Heydude in 2022 for $2.5 billion in cash and stock, adding a line of lightweight, casual slip-on shoes for men, women and children to its line-up.
Brent Crude Oil Experiences Modest Uptick Amid Mixed Market Signals
Brent crude oil is seeing a slight increase on Tuesday, priced around $83.57 per barrel. The market remains close to two-month lows, caught between optimism for a peaceful resolution to the Middle East conflict and concerns over crude oil inventories in the United...
Nium partners with Emirates NBD
Nium, a provider of real-time cross-border payments, today announced a partnership with Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, to empower customers with a cutting-edge global payments solution. The...
Net profit rises 24% YoY to Rs 46 crore, ET BFSI
Kolkata: Grihum Housing Finance, formerly Poonawalla Housing Finance, has earned Rs 46 crore net profit in the March quarter, registering a 24% sequential rise, backed by steady business expansion. The net profit rose 151% year-on-year over Rs 18 crore seen in the...
Here’s what TikTok got wrong about America
TikTok could have been a positive force for change in the U.S. tech industry.
AUD/NZD: Aussie Medium-Term Outperformance Against Kiwi Intact Supported by RBA
Today’s RBA monetary policy decision statement has kept the possibility of a rate hike before 2024 ends “alive”. The narrowing of the discount between Australia-New Zealand sovereign bonds yield spread has supported the potential continuation of the AUD/NZD...
StakingFarm’s Revolutionary Approach to Democratizing Crypto Staking – Blockchain News, Opinion, TV and Jobs
The landscape of cryptocurrency is ever-evolving, marked by constant innovation and adaptation. In September 2022, Ethereum, one of the leading players in the crypto sphere, made a groundbreaking move by transitioning from proof of work (PoW) to proof of stake (PoS)...
Oil prices edge lower after Russia signals OPEC+ production rise possible
Oil futures edge lower as Russia indicates OPEC+ could consider raising crude output and Israel rejects a Gaza cease-fire proposal.
SEC Delays Decision on Invesco Galaxy’s Application for Spot Ether ETF
The US Securities and Exchange Commission (SEC) has delayed its decision on Invesco Galaxy's application for a spot Ether exchange-traded fund (ETF). The SEC has extended the review period by 60 days, with the new deadline set for July 5....
Valérie Urbain assumes role of Euroclear CEO
Valérie Urbain officially became the Chief Executive Officer (CEO) of the Euroclear group following the AGM, replacing outgoing CEO Lieve Mostrey. “I am delighted to welcome Valérie Urbain as our new CEO, and the Board and I are confident that she will successfully...
UK PMI construction hits 14-month high but hiring trend subdued
UK PMI Construction surged from 50.2 to 53.0 in April, marking its most robust reading since February 2023. According to S&P Global, this growth was primarily driven by increased activity in commercial projects and civil engineering. However, house building...
Axis Bank brings expats to India in push to woo global firms, BFSI News, ET BFSI
Axis Bank Ltd is on a lookout to hire Asian expatriates to help the lender win business from multinational companies. The bank, that recently overtook Kotak Mahindra Bank Ltd. to become the third largest private lender in India, is targeting mid-sized companies in...
Open your eyes to this one major factor that will crush bond yields, says Morgan Stanley
Residual seasonality that has boosted first-quarter price data will drag them down in the second half, say Morgan Stanley strategists.
Trump trial witness David Pecker targeted by ‘swatting’ at his home, Reuters reports
Former National Enquirer publisher David Pecker speaks from the witness stand 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 2016, in Manhattan state...
Future of Generative AI: Predictions and Possibilities
Generative AI has emerged as one of the prominent highlights of artificial intelligence. Many industries have embraced the diverse use cases of generative AI with the help of tools such as ChatGPT, Stable Diffusion and DALL-E. However, it is important to recognize...
Wayve just raised over $1 billion from Nvidia, SoftBank, Microsoft, Eclipse Ventures
Alex Kendall, 29, is the co-founder and CEO of autonomous driving startup Wayve.Source: WayveBritish startup Wayve on Tuesday said it had raised $1.05 billion in an investment round led by Japan's SoftBank to accelerate the growth of its self-driving car...
Gold Attempts Recovery to Only Face Limitations Again
Gold stays trapped below 2,325 after Monday’s bounce Technical signals reflect persisting caution Gold had a positive start to the week, bouncing back above its 20-day exponential moving average (EMA), but the bullish attempt was not strong enough to drive the...
Tajinder Singh named IOSCO Secretary General, replacing Martin Moloney
International securities regulator IOSCO has announced that its long standing Deputy Secretary General, Tajinder Singh, has been named as acting Secretary General as of today replacing Martin Moloney, who has found another position outside IOSCO. Tajinder Singh has...
‘He’s afraid to upset her’: I’m executor of my 78-year-old friend’s estate. He has $500K and owns a home with his girlfriend of 20 years. Will his child and grandkids lose out?
“They purchased their house for $360,000, and it is now valued at nearly $700,000. He would like to downsize to a condo due to his health, but she is reluctant as she has custody of two grandchildren.”
FPSB India, IFSCA sign pact to promote GIFT IFSC as ‘Global Finance Hub’, ET BFSI
New Delhi, Financial Planning Standards Board India on Monday announced that it has signed a pact with the International Financial Services Centres Authority (IFSCA), GIFT City, Gandhinagar, to promote GIFT IFSC as a 'Global Finance Hub'. FPSB India and IFSCA aim to...
Will RBI’s draft guidelines on project financing tighten infra funding?, ET BFSI
The Reserve Bank of India (RBI) has proposed draft guidelines on project financing that could significantly impact lenders by imposing heightened provisioning requirements. Under these guidelines, lenders would be required to set aside provisions of up to 5% of...
What we know about the consumer so far
A customer walks through The Home Depot store on February 20, 2024 in Austin, Texas. Brandon Bell | Getty ImagesThe state of the consumer in 2024 is already taking shape — even before the country's major retailers begin to report first-quarter earnings, starting with...
Abortion bans drive away young talent: New CNBC/Generation Lab survey
Young people are seen on the Emory University campus in Atlanta, Georgia on October 14, 2022. Elijah Nouvelage | AFP | Getty ImagesThe youngest generation of American workers is prepared to move away from states that pass abortion bans and to turn down job offers in...
Pound Shrugs as Construction PMI Jumps
The British pound is slightly lower on Tuesday. GBP/USD is down 0.21%, trading at 1.2535 in the European session at the time of writing. The UK construction PMI jumped to 53.0 in April, up from 50.2 in March and above the forecast of 50.4. This is only the second...
No harm in taking some money off the table in power finance companies, PSU banks: Gurmeet Chadha, ET BFSI
Gurmeet Chadha, Managing Partner & CIO, Complete Circle Consultants, says one can now look at some of the tier II banks like Federal Bank, which at around 1-1.1 book value is making good progress. RBL is also expected to make a turnaround and it is showing some...
The reliable 2025 Lexus NX compact SUV delivers soothing luxury and solid value
The 2025 Lexus NX is a fine contender among compact luxury SUVs, with a well-rounded bundle of attributes.
Palantir (PLTR) earnings Q1 2024
Alex Karp, CEO of Palantir, arrives for the “AI Insight Forum” at the Russell Senate Office Building on Capitol Hill on September 13, 2023 in Washington, DC.Alex Wong | Getty ImagesPalantir shares fell as much as 7% in extended trading on Monday after the...
Worries build up over RBI strictures on infra financing, BFSI News, ET BFSI
Mumbai: Shares of state-owned banks, non-banking finance companies (NBFCs) and infrastructure firms plunged as much as 10% on Monday following the Reserve Bank of India's tougher draft guidelines on the financing and accounting of project loans. The proposed stricter...
Ant Digital Technologies joins HKMA’s Project Ensemble
Ant Digital Technologies announces today its participation in the Project Ensemble Sandbox and the Project Ensemble Architecture Community of the Hong Kong Monetary Authority (HKMA). Project Ensemble is the HKMA’s new wholesale central bank digital currency (wCBDC)...
Net profit up 16% to Rs 133 crore, ET BFSI
Kolkata: Fusion MicroFinance on Monday reported a 16% year-on-year rise in March quarter net profit at Rs 133 crore against Rs 115 crore in the year ago period, supported by business expansion and higher earnings.The lender's net interest income was 32% higher at Rs...
You can pay off debt in many ways. Here’s how to find what’s right for you.
Start small or tackle the big stuff? Run the numbers and know your comfort level.
Eurozone retail sales rises 0.8% mom in Mar, EU up 1.2% mom
Eurozone retail sales volume grew 0.8% mom in March, above expectation of 0.6% mom. Volume of retail trade increased for food, drinks, tobacco by 1.2%, for automotive fuel in specialised stores by 2.0%. Volume was stable for non-food products (except automotive fuel)....
Taser-maker Axon is getting into the drone market
Drones in possession of the Armed Forces of Ukraine on May 2, 2024 in Lviv, Ukraine. "Just open any newspaper, and switch on any TV channel. Look at what's happening in Ukraine. Look at what's happening in the Middle East. Drones have changed modern warfare, public...
Private digital currencies potentially dangerous, CBDC a safer alternative: RBI Governor, ET BFSI
Reserve Bank of India Governor Shaktikanta DasReserve Bank of India Governor Shaktikanta Das said on Monday that Central Bank Digital Currency (CBDC) or digital currency, can drive financial inclusion and provide a much safer alternative to potentially dangerous...
Latest news on Russia and the war in Ukraine
China says Russia should be included in upcoming Ukraine peace summitChina's ambassador to Russia told Russian media Tuesday that Moscow should be included in a forthcoming Ukraine peace summit to be held in Switzerland.Ambassador Zhang Hanhui told RIA Novosti that...
Dozens of former employees plan to sue Bowlero for discrimination
Dozens of former employees who say they were fired from Bowlero based on their age or out of retaliation plan to sue the bowling chain after the U.S. Equal Employment Opportunity Commission closed its case against the company, the attorney representing the claimants...
How lenders manage risk in MSME lending when credit history in not available, ET BFSI
Credit risk is the foremost challenge a financial player faces when lending to small and unorganised businesses. As these businesses typically don’t have any credit history, lenders are unable to assess their credit worthiness. Some of the traditional methods used for...
UBS shares surge as bank returns to profit following takeover of Credit Suisse
UBS shares surged 8% on Tuesday as the bank outstripped analysts’ expectations
Amwal Capital Partners implements investment management technology from Broadridge
Amwal Capital Partners, an independent alternative investment firm based in Dubai, announces it has enhanced its portfolio and trade order management operations with the implementation of investment management technology from Broadridge Financial Solutions, Inc....
PSBs set to develop road map for deploying GenAI systems, BFSI News, ET BFSI
State-run banks are set to develop a detailed strategy and road map for deploying generative artificial intelligence (GenAI) systems, with pilot use-cases to be rolled out within this financial year, said people familiar with the matter.The lenders will also establish...
Amazon’s AWS to invest an additional $9 billion in Singapore
BARCELONA, SPAIN - JANUARY 31: A logo sits illuminated outside the Amazon Web Services (AWS) booth at ISE 2023 and IOT Solution World Congress at Fira Barcelona on January 31, 2023 in Barcelona, Spain. Integrated Systems Europe (ISE) is the largest Audio Visual...
RBA on Gold and Remains Vigilant to the Upside
Rates unchanged as expected, as Board balances near-term inflation risks with desire to avoid recession. As expected, the RBA Board left the cash rate target unchanged at 4.35% following its May meeting but strengthened its rhetoric around upside inflation risks. The...
Six-week long election leaves RBI with liquidity dilemma, ET BFSI
RBI is stepping in to ease banking system liquidity conditions as a national election which stretches over six weeks is hurting government spending despite strong tax collections.Voting in national elections began on April 19 and will conclude on June 1, with counting...
Apple reportedly working on its own AI-server chips
The WSJ, citing sources familiar with the matter, said the project, dubbed ACDC — for Apple Chips in Data Center — has been underway for several years.
Apple is reportedly developing chips to run AI software in data centers
An Apple store in Shanghai, China.Future Publishing | Future Publishing | Getty ImagesApple has been developing chips to run artificial intelligence software in data centers, the Wall Street Journal reported Tuesday. Project ACDC (Apple Chips in Data Center), which...
Disney (DIS) earnings Q2 2024
The "Partners" statue of Walt Disney and Mickey Mouse, at Cinderella Castle at the Magic Kingdom, at Walt Disney World, in Lake Buena Vista, Florida, photographed Saturday, June 3, 2023.Joe Burbank | Tribune News Service | Getty ImagesDisney reports its fiscal...
Israeli forces take control of the Gaza side of the Rafah border crossing with Egypt
Smoke billows after Israeli bombardment in Rafah, in the southern Gaza Strip on May 6, 2024, amid the ongoing conflict between Israel and the Palestinian militant group Hamas.- | Afp | Getty ImagesAn Israeli tank brigade seized control Tuesday of the Gaza Strip side...
RBA’s Lack of Hawkishness Weakens Aussie, Yen’s Retreat Continues
In the aftermath of RBA’s decision to maintain interest rates unchanged and the absence of explicit hawkish signals, Australian Dollar weakens mildly. Despite notable upgrades in inflation forecasts, the central bank opted for a cautious approach, refraining from...
DHF Capital hires Erik Boekel as CCO
DHF Capital S.A., a securitization company based in Luxembourg, has announced the appointment of Erik Boekel as its new Chief Commercial Officer (CCO). With a distinguished career spanning over 25 years in Corporate and Investment Banking, Global Markets, and...
GST has helped improve tax buoyancy, says Finance Minister, BFSI News, ET BFSI
New Delhi: Finance minister Nirmala Sitharaman on Monday said GST has helped improve the tax buoyancy from 0.72 (pre-GST) to 1.22 (2018-23), with the states' buoyancy estimated at 1.15, despite compensation ending two years ago. Tax buoyancy measures the change in tax...
Rupee flat as traders remain wary of central bank intervention at weaker levels, ET BFSI
By Jaspreet KalraMUMBAI - The Indian rupee was little changed on Tuesday as traders remained shy of pushing the local currency to weaker levels on expectations that the Reserve Bank of India (RBI) would intervene to prevent a sharp fall.The rupee was at 83.4750...
Changing farming practices could cut almost one third of global emissions: World Bank, ET BFSI
Washington, May 07, 2024 -Changing the way food is produced around the world could significantly reduce greenhouse gas emissions by the end of the decade, the World Bank said Monday. The so-called agrifood industry is responsible for almost a third of all greenhouse...
FX option expiries for 7 May 10am New York cut
There are a couple to take note of, as highlighted in bold.The first one being for EUR/USD at the 1.0725 level. It isn't one that holds much technical significance but could play a role in keeping price action more sticky if we do see more of a downside shove later in...
First crewed flight of Boeing’s Starliner scrubbed 2 hours before takeoff
The maiden crewed flight of Boeing Co.’s Starliner spacecraft was scrubbed Monday night, about two hours before it was scheduled to launch.
Citigroup CEO Jane Fraser says low-income consumers are more cautious
Citigroup CEO Jane Fraser said Monday that consumer behavior has diverged as inflation for goods and services makes life harder for many Americans.Fraser, who leads one of the largest U.S. credit card issuers, said she is seeing a "K-shaped consumer." That means the...
Goldman Sachs CEO David Solomon says AI ‘is something that people are going to have to think very strategically about’
The investment-banking executives expects AI capital-raising around power and energy to fuel data centers.
EUR/USD Daily Outlook – Action Forex
Daily Pivots: (S1) 1.0720; (P) 1.0766; (R1) 1.0809; More… Intraday bias in EUR/USD remains on the upside for the moment. Fall from 1.0980 could have completed with three waves down to 1.0601. Further rally is expected and firm break of 100% projection of 1.0601 to...
Gift City allows non-banks to sell participatory notes, BFSI News, ET BFSI
Mumbai: International Financial Services Centres Authority (IFSCA), the regulatory body for the IFSC-GIFT City in Gujarat, has allowed non-banking entities like alternate investment funds and other fund managers to issue overseas derivative instruments from IFSC. ODIs...
Cemeteries get a new lease on life as dog parks, antique markets and picnic grounds
“As cemeteries run out of space, they are going to have to adapt or die.”
Markets Weigh Dovish NFP Report
In focus today Today, Swedish Service PMIs for April are released at 8:30 CET. All its subindices were above the 50 marks in March. Although price index for raw materials and intermediate goods is lower compared to a year ago, it was still significantly higher...
Deutsche Bank CEO hopes for progress on EU capital markets union, ET BFSI
"The capital markets union is higher on the European policy agenda than it has been for years," Sewing, who is president of the German private bankers association BdB, told the German banking day on Monday. Updated On May 6, 2024 at 02:41 PM IST BERLIN - Deutsche Bank...
Why a potential Israeli invasion of Rafah matters to the oil market
An Israeli invasion of Rafah in Gaza would likely stoke fears of a wider Middle East conflict that could endanger the flow of crude oil.
All’s Well That Ends Well
Friday’s US jobs data brightened up the mood among Federal Reserve (Fed) doves, as both the NFP, unemployment rate and wages pointed at a slowing labour market in April. The US economy added 175K new nonfarm jobs last month, the wages grow less than 4% – which is...
Cash is outperforming bonds this year. A Fed pivot could change that.
It’s been a good 2024 for the “T-bill and chill” proponents — but all eyes are on what the Federal Reserve’s next moves will be.
NCLAT dismisses Religare’s appeal against CCI nod, BFSI News, ET BFSI
Mumbai: The National Company Law Appellate Tribunal (NCLAT) has rejected Rashmi Saluja-led Religare Enterprises' appeal seeking a stay on the Competition Commission of India's (CCI) approval for the Burman family's proposed acquisition of shares of the financial...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.9001; (P) 0.9055; (R1) 0.9104; More…. Outlook in USD/CHF is unchanged and intraday bias stays on the downside. Sustained break of 55 D EMA (now at 0.8993) will bring deeper fall to 38.2% retracement of 0.8332 to 0.9223 at 0.8883. On the upside,...
What would life behind bars be like for Trump? A judge raises the possibility of jail time.
Experts say the judge still has options short of sending Trump to jail for contempt.
Hamas says it accepts cease-fire proposal from Egyptian, Qatari mediators
Chairman of the Hamas Political Bureau, Ismail Haniyeh speaks to press as he pays a visit to Palestinian photojournalist Ashraf Amra, a freelancer for Turkiye's premier news agency Anadolu who was severely injured on his hand by Israeli army fire while covering a...
M&M Fin Q4 net falls 10% on provisions, interest costs, ET BFSI
Mumbai: Mahindra & Mahindra Financial Services reported a 10% year-on-year fall in profit in the quarter to March amid a sharp rise in provisions and higher finance costs.Standalone net profit fell to ₹619 crore in the quarter from ₹684 crore a year ago, largely...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 151.95; (P) 152.90; (R1) 153.92; More… Intraday bias in USD/JPY remains neutral at this point. On the upside, firm break of 55 4H EMA (now at 154.95) will bring stronger rebound towards 157.98 resistance. On the downside, below 151.86 will resume...
Fed’s Barkin thinks the U.S. economy will slow further, cooling down inflation
Recent data whiplash only confirms the wisdom of being slow to move interest rates, the Richmond Fed president says.
TD Bank’s stock drop on money-laundering probe overblown says KBW analyst, but Jefferies is not so sure
Jefferies cuts TD’s price target on fears of a “lost decade” while KBW reiterates outperform rating in more bullish stance.
Yen Rally Fizzles as US Dollar Climbs
The Japanese yen is sharply lower on Monday after stringing together a three-day rally. USD/JPY is trading at 153.92, up 0.62% at the time of writing. The yen took traders on a roller-coaster ride last week. The Japanese yen fell below the 160 level on Monday,...
SNB raises minimum reserve requirement for banks, reducing interest costs, ET BFSI
ZURICH - The Swiss National Bank (SNB) is raising the minimum reserve requirement for domestic banks, it said on Monday, potentially saving it hundreds of millions of Swiss francs in interest payments each year.The SNB said in a statement that it is also raising the...
College commencement season in America disrupted as Columbia cancels main ceremony
Some colleges have canceled their school-wide ceremonies, while other schools are planning for disruption.
RBI working to make digital currency accessible without internet: Guv Das, ET BFSI
RBI working to make digital currency accessible without internet: Guv DasThe Reserve Bank of India (RBI) is working to make its digital currency available without being dependent on internet access, Governor Shaktikanta Das said on Monday. While speaking at the BIS...
USDJPY – Initial Reversal Signal Requires More Work at the Upside for Confirmation
USDJPY edges higher on Monday after a pullback from new record high (160.19) was contained by strong Fibo support at 151.72 (61.8% retracement of 146.48/160.19 upleg, reinforced by 55DMA). Strong rejection here left a Hammer candle on Friday, initial signal of...
India’s forex reserves decline for third consecutive week, BFSI News, ET BFSI
India's foreign exchange reserves declined for the third week, after having risen for the seventh straight week to hit an all-time high of USD 648.562 billion.As per the latest data released by the Reserve Bank of India (RBI), the country's foreign exchange kitty...
Bowlero’s stock slides 18% after earnings fall short of estimates and company offers soft guidance
Chief Executive and Founder Thomas Shannon said the quarter started slowly due to weather.
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2491; (P) 1.2564; (R1) 1.2619; More… Intraday bias in GBP/USD remains mildly on the upside at this point. Fall from 1.2892 could have completed with three waves down to 1.2298. Further rise should be seen and break of 61.8% projection of 1.2298 to...
Americans expect mortgage rates to rise to nearly 10% in the next three years, New York Fed housing survey finds
U.S. consumers expect mortgage rates to rise to near double digits over the next three years, according to a new survey by the New York Federal Reserve.
REC gets RBI nod to set up subsidiary in GIFT City Gujarat, ET BFSI
The decision to expand operations into GIFT, a burgeoning hub for financial services in India, comes as REC continues to diversify its portfolio and explore new avenues for growth.REC Limited, a Maharatna Central Public Sector Enterprise under the Ministry of Power...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0720; (P) 1.0766; (R1) 1.0809; More… Intraday bias in EUR/USD stays on the upside at this point. Fall from 1.0980 could have completed with three waves down to 1.0601. Further rally is expected and firm break of 100% projection of 1.0601 to 1.0752...
Oil prices rise as Israel warns invasion of Rafah in Gaza may be imminent
Oil prices rise as Israel warned that an invasion of Rafah in Gaza may be imminent.
Euro Edges Higher as Eurozone Data Improves
The euro has started the new trading week quietly. EUR/USD is up 0.23%, trading at 1.0787 in the North American session at the time of trading. Eurozone investor confidence shows slight improvement The eurozone Sentix Investor Confidence index took a small step...
Treasury yields little changed to kick off quiet week for U.S. data
Treasury yields held steady Monday morning amid a limited calendar that had traders focused on auctions later in the week and developments in the Middle East.
UPI Payments Now Available from ICICI Bank NRI Accounts with International Numbers, ET BFSI
Mumbai: ICICI Bank has enabled its non-resident customers to use their international mobile number for making UPI payments in India. This means that non-residents can now pay for utility bills, merchant and e-commerce transactions by linking their international mobile...
Trump Media hires new auditor after accounting firm charged with fraud
Omar Marques | Lightrocket | Getty ImagesTrump Media hired a new auditor over the weekend, after its previous public accounting firm was accused Friday of perpetrating a massive fraud by the Securities and Exchange Commission.The Truth Social owner fired BF Borgers...
Ripple ready to create waves? :: InvestMacro
Ripple waits on SEC responseCrypto ↓ 12% year-to-dateRangebound on D1 timeframeKey levels of interest 0.5675, 0.5350 & 0.4750Our focus falls on Ripple due to the legal drama with the US Securities and Exchange Commission (SEC).This could be a big week for the...
Equinox launches $40,000 ‘Optimize’ membership
High-end fitness chain Equinox is launching one of the most expensive gym memberships in the world — a $40,000-per-year program aimed at improving overall health and longevity.Equinox is teaming up with lab-test startup Function Health to launch "Optimize by Equinox,"...
Sunset Market Commentary – Action Forex
Markets With Japanese and US markets closed, Europe stood on its own to look for direction after Friday’s yield decline in the wake of weaker than expected US payrolls and services ISM. US markets again considering two potential Fed rate cuts (Sept +/- 90% discounted,...
Dave Ramsey: It’s a great time to buy a house. Experts: Not exactly.
For the last several months, personal-finance guru Dave Ramsey has been telling aspiring homeowners that it’s a great time to buy a house — even though monthly housing costs are at a record high.
India’s exchanges spar for dominance in hot derivatives market, ET BFSI
By Jayshree P UpadhyayMUMBAI -India's top stock exchanges are luring investors with new products and lower fees as they battle for a share of the hot but fledgling derivatives market, in turn fuelling a surge in trading activity that is drawing regulatory scrutiny.The...
Robinhood’s stock dives after receipt of SEC ‘Wells Notice’ disclosed
The company said the “Wells Notice” states that the SEC Staff decided to recommend the SEC file “an enforcement action” against Robinhood, alleging securities violations.
Trump trial resumes after week of tears, gag order threats
Former US President Donald Trump attends the first day of his trial for allegedly covering up hush money payments linked to extramarital affairs, at Manhattan Criminal Court in New York City on April 15, 2024.Angela Weiss | AFP | Getty ImagesThis is developing news....
Focus on RBA as Australian Dollar Maintains Strength
As the market transitions into US session, Australian Dollar maintains its position as the strongest currency of the day. While no significant economic data is expected from the US or Canada, the focus shifts to appearances by SNB Chair Thomas Jordan, as well as Fed...
Investors expect a hawkish stance from the RBA. Natural gas prices returned to growth :: InvestMacro
By JustMarkets On Friday, the Dow Jones (US30) was up 1.18% (for the week +1.03%), while the S&P 500 (US500) was up 1.26% (for the week +0.27%). The NASDAQ Technology Index (US100) closed positive 1.99% (for the week +0.93%). The US stocks rose thanks to a...
Shares of REC, PFC and IREDA plunge after RBI’s draft guidelines on project financing, ET BFSI
Shares of REC, PFC and IREDA plunge after RBI’s draft guidelines on project financingThe shares of REC Ltd., Power Finance Corporation Ltd. (PFC) and IREDA plunged on Monday to give up most of their previous week's gain after the Reserve Bank of India’s (RBI) draft...
Boeing’s Starliner set for historic launch that will take two NASA astronauts into space
Boeing’s Starliner spacecraft is set to make its first crewed flight to the International Space Station on Monday, carrying two NASA astronauts to the orbiting space lab.
Short-Term Technical Picture for Dollar Turned More Neutral
Markets US data on Friday (almost) perfectly fitted the dovish post-Fed market momentum. After several consensus-beating monthly releases, the US economy in April ‘only’ added 175k jobs, the slowest growth in six months. US wage growth also eased with Average Hourly...
Howard Schultz weighs in on Starbucks earnings miss
Howard Schultz, former chief executive officer of Starbucks Corp., drinks from a Starbucks mug during a Senate Health, Education, Labor, and Pensions Committee hearing in Washington, DC, US, on Wednesday, March 29, 2023.Al Drago | Bloomberg | Getty ImagesFormer...
Robinhood gets Wells Notice for its crypto business, expecting enforcement action
US neobroker Robinhood (NASDAQ:HOOD) has announced that its Robinhood Crypto LLC unit has received a Wells Notice from the U.S. Securities and Exchange Commission staff, indicating they will recommend that the Commission file an enforcement action. More formally,...
Putin orders tactical nuclear weapon drills to deter the West
Russian President Vladimir Putin delivers a speech during а meeting of the Federal Assembly's Council of Legislators in Saint Petersburg, Russia, April 26, 2024.Alexey Danichev | Via ReutersRussia said on Monday it would practise the deployment of tactical nuclear...
Clean-energy producer Allete agrees to go private for $6.2 billion
Canada Pension Plan Investment Board and Global Infrastructure Partners team up to pay $67 a share.
AUD/USD: Bulls Hold Grip Ahead of RBA Policy Meeting on Tuesday
AUDUSD keeps firm tone on Monday, despite Friday’s spike and subsequent pullback, though with initial warning that traders may opt for a partial profit taking after strong rally in past two days, when the pair advanced 2%. Stretched daily studies add to signals of...
HDFC Bank to keep margins at current levels, BFSI News, ET BFSI
HDFC Bank managing director Sashidhar Jagdishan said the lender "will not be chasing growth for the sake of growth" and "will be delighted even if the margins remain at the current levels". Addressing analysts on Saturday, soon after the bank declared its fourth...
Tyson Foods’ stock rallies as strength in beef and pork sales fuel a profit beat
Shares of Tyson Foods Inc. climbed toward a 15-month high in premarket trading Monday, after the meats company reported a fiscal second-quarter profit that rose well above expectations — the first bottom-line growth in two years — as strength in beef and pork sales...
Crypto Market Tries to Break Local Downtrend
Crypto market capitalisation has been up 2% over the past seven days and has added over 13% from the lows of the 1st of May. A timid bottom formation on Wednesday was followed by a modest rebound on Thursday and more robust buying on Friday after the monthly US jobs...
Micron’s stock is among the S&P 500’s best this year. Why it just got upgraded.
Baird sees “meaningful upside opportunities” for Micron and notes a recent pullback in the stock.
Restatement of IL&FS accounts uncovers Rs 9,600cr loss instead of Rs 1,869 cr profit, ET BFSI
A major reworking of accounts has brought the scam-tainted IL&FS and two of its arms -- IL&FS Financial and ITNL -- back among big business headlines, ToI reported on May 6. Following the massive restatement of accounts, IL&FS’s loss has now been estimated...
Freshpet’s stock jumps toward a multiyear high after an unexpected quarterly profit
Freshpet’s stock ran up in premarket trading Monday, heading toward a high not seen since 2021, after the dog- and cat-food company reported a surprise first-quarter profit, citing to higher sales, improved gross margin and lower logistics costs.
Eurozone PMI services finalized at 53.3, highest in 11 months
Eurozone’s PMI services index was finalized at to 53.3 in April, marking a notable improvement from March’s 51.5. PMI Composite was finalized at 51.7, up from the previous month’s 50.3 Both reached the highest levels in 11 months. Notable country-level performances on...
IL&FS shows 9,600 crore loss in 5 years against 1,869 crore profit, ET BFSI
New Delhi: Fraud-tainted IL&FS, IL&FS Financial and ITNL have undertaken a massive restatement of accounts, with IL&FS's loss now estimated at Rs 9,600 crore during five financial years ending 2017-18, against a profit of Rs 1,869 crore estimated by the...
Morgan Stanley’s Mike Wilson offers a playbook to cope with the cautious consumer
Morgan Stanley’s chief investment officer says investors need to lean on consumer staple companies in hard times.
Eurozone PPI falls -0.4% mom, -7.8% yoy in Mar
Eurozone PPI fell -0.4% mom, -7.8% yoy in March. For the month, industrial producer prices increased by 0.1% for intermediate goods, 0.1% for capital goods, 0.1% for durable consumer goods, and 0.4% for non-durable consumer goods. Prices decreased by -1.8% for energy....
‘I wonder if he’s on commission’: A psychiatrist online prescribed me Prozac, punched the air in celebration — and suggested I have a beer. Is this normal?
“I processed a $50 copay, and attended my appointment with the psychiatrist. It went fast, and every time I asked a question about antidepressants, he popped a medical study in the chat box.”
Macquarie’s banking unit to stop new car loans to focus on mortgage growth, ET BFSI
Australian financial conglomerate Macquarie Group said on Monday its banking and financial services unit will stop new car loans through direct, broker and novated lease channels in a bid to prioritise growth of home loan and deposit offerings."This decision will...
Can You Turn a Side Hustle into an Empire? » Succeed As Your Own Boss
The concept of the side hustle has gained significant traction in the last few years. No one is confined to the traditional nine-to-five grind these days. Especially since 2020, people have been increasingly developing side hustles to supplement their income, pursue...
AUD/USD Hits One-month High, RBA Decision Next
The Australian dollar has started the week with modest gains. AUD/USD is up 0.25%, trading at 0.6624 in the European session at the time of writing. The Aussie is coming off a strong week, having gained 1.19%. RBA widely expected to pause The Reserve Bank of Australia...
Steps For Creating a Blockchain Wallet
Cryptocurrencies and blockchain are almost synonymous technologies with a diverse array of interrelated implications. In recent years, the cryptocurrency market has expanded by huge margins alongside the progress of blockchain towards web3. At this point of time, the...
Check out the 2025 Lamborghini Urus SE, a plug-in hybrid with 789 hp and a V8 engine
It’s not about efficiency, it’s just wild power for a wild ride.
GBM Auctions to Host Memorabilia Auction with Polkadot Creator Dr. Gavin Wood – Blockchain News, Opinion, TV and Jobs
London, United Kingdom, May 6th, 2024, Chainwire GBM Auction (https://gbm.auction), the Bid-to-Earn Auction company, is thrilled to announce a historic collaboration event with Dr. Gavin Wood, co-founder of Ethereum and the founder of Polkadot and Kusama, to...
Gold Technical: A Floor May Have Been Formed for the Bulls
Stagflation risk is still lingering as indicated by the latest April US ISM Manufacturing and Services PMI data. A not fully priced-in stagflation risk scenario may support another bullish impulsive upmove sequence for Gold (XAU/USD). Watch the key medium-term pivotal...
PSU bank stocks fall up to 6% as new RBI guidelines spoil mood, ET BFSI
Shares of PSU bank stocks, at least four of which have more than doubled in value in just 1 year, fell up to 6% today with Canara Bank, Punjab National Bank and Bank of Baroda leading the downside. India's largest lender State Bank of India (SBI) also fell over 3% as...
Elvis Presley’s granddaughter, actress Riley Keough, lists her charming Los Angeles cottage for $1.5 million
The actress became the sole owner of Graceland in Memphis, Tenn., after her mother Lisa Marie Presley died in 2023.
Why RBI’s dividend payout to govt this year will be lower, ET BFSI
The Reserve Bank may transfer a lesser dividend to the government for FY'2023-24 compared to previous year's bumper Rs 87416 crore. An explainer on why the dividend will be lower. The budget estimates dividend transfer in FY'2024-25 at Rs 1.02 lakh crore from the...
Eurozone Sentix rises to -3.6, window for ECB rate cut limited
Eurozone Sentix Investor Confidence rose from -5.9 to -3.6 in May, above expectation of -4.8. This marks the seventh consecutive increase and the highest level since February 2022. Additionally, Current Situation Index climbed from -16.3 to -14.3, marking seven...
The revamped 2025 Porsche Taycan EV has better range, faster charging and bigger power
The all-electric 2025 Porsche Taycan midsize luxury car puts pace, poise, and prestige into one highly desirable package.
Arthur Hayes Discusses Crypto Market Turbulence, US Tax Season, Federal Reserve uncertainty and Bitcoin halving
In his recent article, Arthur Hayes delves into the recent market turbulence and its implications for the crypto industry. He acknowledges the pain experienced by many investors as crypto markets experienced a downturn from mid-April...
UGRO Capital Limited embraces Embedded Financing for credit need of small merchants, ET BFSI
PRNewswireMumbai (Maharashtra) [India], May 6: UGRO Capital Limited (NSE: UGROCAP) (BSE: 511742), a leading DataTech NBFC focused on MSME lending, today announced a significant development that underscores its commitment to growth, innovation, and delivering value to...
Trump's porn star hush-money trial enters week four: Here’s what’s happened so far
Trump's historic criminal trial enters week four.
Home loan outstanding up by Rs 10 lakh crore in last two years: RBI data, ET BFSI
NEW DELHI: Credit outstanding to the housing sector rose by nearly Rs 10 lakh crore in the last two fiscals to reach a record Rs 27.23 lakh crore in March this year, according to RBI's data on 'Sectoral Deployment of Bank Credit'.Experts from banking and real estate...
Exclusive: Taurex names Mark Sheng as Commercial Director
FNG Exclusive… FNG has learned that Retail FX and CFDs broker Taurex has named Mark Sheng to the position of Commercial Director. Mark Sheng joined Taurex – then known as Zenfinex – in 2021 as Head of APAC. Prior to Taurex Mark worked at EC Markets as Sales Director,...
Yen Weakens Amidst Subdued Trading, Aussie Up ahead of RBA
Yen weakens broadly in Asian session, albeit in a subdued market environment due to Japan’s holiday. Despite this, the selloff in the Japanese currency remains relatively contained, with traders vigilant of market intervention by Japan. While 160 level against Dollar...
Former CEO Howard Schultz says Starbucks needs to overhaul its customer experience
A week after Starbucks Corp. reported disappointing quarterly earnings and a gloomy annual forecast, its former chief executive said the coffee chain needs to own up to its mistakes and work harder to deliver a better experience for its customers.
Banks may challenge CBI’s retro touch to fraud accounts, BFSI News, ET BFSI
Mumbai: The wrangle between the Central Bureau of Investigation (CBI) and high-street banks over crooked clients may soon boil over to the highest court. A few large banks are planning to move the Supreme Court to resolve the differences that have cropped up over...
UPDATE 1-India’s 6-week long national election leaves cenbank with liquidity dilemma, ET BFSI
(Recasts paragraph 1, updates with comments from economists, background)MUMBAI, - India's central bank is stepping in to ease banking system liquidity conditions as a national election which stretches over six weeks is hurting government spending despite strong tax...
Spot Bitcoin ETF Token Presale Crosses $200,000 – Blockchain News, Opinion, TV and Jobs
ETFswap (ETFS) is reshaping how the crypto industry interacts with Spot Bitcoin ETFs through the tokenization of assets, triggering massive demand for its token presale. The approval of the first Spot Bitcoin ETFs in January 2024 by the United States Security and...
FX option expiries for 6 May 10am New York cut
There are a couple to take note of, as highlighted in bold.The first one being for EUR/USD at 1.0750, so that could hold price action from veering off too far during the session. But with the dollar pressured, it could also act as a minor floor before rolling off...
Berkshire Hathaway has $189 billion in cash. Elon Musk has an idea where Warren Buffett should spend it.
The latest results from Berkshire Hathaway shows that the conglomerate had nearly $200 billion — $189 billion, to be precise —in cash at the end of the first quarter.
Chinese fintech Ant Group doubles down on global expansion with Alipay+
Photo of a person making a mobile payment.Ant InternationalChinese fintech major Ant Group is looking to boost its global presence via its digital offering, Alipay+, as it seeks to connect mobile payment apps around the world."What we found is that people want to use...
Israeli military tells Palestinian civilians in parts of Rafah to ‘evacuate immediately’
Children stand outside their tents at a camp set up for people displaced from Khan Yunis and areas north of Rafah, in the southern Gaza border city with Egypt on Feb. 15, 2024, amid continuing battles between Israel and the Palestinian Hamas movement. Mohammed Abed |...
Marathon Digital Holdings Reports Strong Bitcoin Production and Mining Updates for April 2024
Marathon Digital Holdings, a prominent player in the cryptocurrency mining industry, has recently announced significant updates regarding its bitcoin production and mining operations for the month of April 2024. The company's unaudited...
Prop firm MyFlashFunding suspended from Propfirmmatch for denying payouts
Prop trading comparison site Propfirmmatch.com has announced that US based retail prop trading firm MyFlashFunding has been suspended from its site. According to Propfirmmatch, on May 1 MyFlashFunding reported they had experienced data feed issues, which according to...
Trump VP hopeful Kristi Noem suggests Biden’s dog should be put down
South Dakota Governor Kristi Noem speaks at the NRA-ILA Leadership Forum during the National Rifle Association (NRA) annual convention in Houston, Texas, U.S. May 27, 2022. Shannon Stapleton | ReutersRepublican South Dakota Gov. Kristi Noem implied that President Joe...
Stock-market bulls face test as consumers start to show signs of stress
As the Fed keeps its key interest rate at a 23-year high, consumers are becoming increasingly stressed, which, if continued, could spell trouble for the U.S. stocks.
Inside the final prison verdict on an epic crypto CEO rivalry
Combination showing Former FTX CEO, Sam Bankman-Fried (L) and Zhao Changpeng (R), founder and chief executive officer of Binance.Mike Segar | Reuters | Benjamin Girette | Bloomberg | Getty ImagesAn arch rivalry between one-time crypto titans was brought to a close at...
China’s president arrives in Europe to reinvigorate ties at a time of global tensions
Chinas President Xi Jinping (L) and his French counterpart Emmanuel Macron attend the official welcoming ceremony in Beijing on April 6, 2023. Ludovic Marin | AFP | Getty ImagesChinese President Xi Jinping kicked off a three-country trip to Europe on Sunday with the...
Corporate earnings, global trends to guide trading in markets this week: Analysts, ET BFSI
New Delhi, May 4 (IANS) Markets are likely to turn volatile in the near term given the rising volatility index, analysts said.New Delhi, The ongoing fourth quarter earnings season, global factors and macroeconomic data would guide the trends in the equity markets this...
The bar is creeping higher for second-quarter earnings
One month through this year’s second quarter earnings season, analysts are getting cautiously more optimistic about corporate America’s profitability.
Sanjeev Nautiyal to be Ujjivan Small Finance Bank’s new MD & CEO, ET BFSI
Sanjeev NautiyalSanjeev Nautiyal, former deputy managing director of State Bank of India, will be taking the reins at Ujjivan Small Finance Bank from July 1 as the bank's managing director and chief executive officer.The Reserve Bank of India has approved his...
Wealth 360 One report, ET BFSI
New Delhi [India], May 5 (ANI): The business of striking deals in the country has been robust this year, with an average of three private investment deals being finalised daily.The number of deals and their total value had decreased by one-third compared to financial...
Govt working on global trade topic to push ranking, ET BFSI
New Delhi, With the World Bank planning to come out with its first Business Ready report in September this year, the commerce ministry has started working on the international trade topic in detail to further push India's ranking, an official said. Business Ready...
Muthoot Finance’s arm Belstar Microfinance files Rs 1,300-cr IPO papers with Sebi, ET BFSI
New Delhi, Muthoot Finance's microfinance arm, Belstar Microfinance Ltd, on Sunday filed preliminary papers with capital markets regulator Sebi to raise Rs 1,300 crore through an initial public offering (IPO). The Chennai-based entity's IPO is a combination of fresh...
CEO, BFSI News, ET BFSI
MUMBAI: Kotak Mahindra Bank’s CEO, Ashok Vaswani, said on Saturday that the bank will spend up to Rs 1,700 crore on technology upgrades to address Reserve Bank of India’s concerns regarding the bank’s technology capacity, risk management and resilience.Last month, RBI...
Netanyahu’s Cabinet votes to close Al Jazeera offices in Israel
(EDITORS NOTE: Image depicts death.) Wael Al-Dahdouh, Al Jazeera bureau chief in Gaza, center, comforts relatives at the funeral of his son, Al Jazeera journalist Hamza Dahdouh, killed in an Israeli airstrike, in Rafah, southern Gaza, on Sunday, Jan. 7, 2024. US...
FPIs take cautious approach amid ongoing general elections; inject Rs 1,156 cr in May, ET BFSI
Foreign investors have adopted a "wait and watch" stance amidst the ongoing general elections and have infused just Rs 1,156 crore in the first two trading sessions of this month. This came after FPIs dumped equities worth Rs 8,700 crore in April, on concerns over a...
BounceBit Mainnet Launch Scheduled for May 13, $BB Airdrop to Follow
BounceBit Mainnet Launch Set for May 13 BounceBit, a notable player in the cryptocurrency sector, has officially announced the launch schedule for its highly anticipated Mainnet. This move is set to revolutionize the way users interact...
FX week in review: Spotware CMO, CFI in South Africa, XTB and Dukascopy results
Hard to believe that yet another month of 2024 is in the books, but before we get to this week’s top stories we’re pleased to report that FNG had yet another month of record traffic and visitors in April. FNG’s dominance of FX and CFD industry news among both traders...
Forex and Cryptocurrency Forecast – Action Forex
EUR/USD: What’s Wrong with the US Soft Landing? The headline of our last review stated that inflation remains stubborn, and the US GDP is slowing. Newly arrived data have only confirmed these assertions. A crucial inflation measure that the Federal Reserve follows –...
‘I live in a slum’: My ex-husband knocked down, then rebuilt my home and left it in foreclosure. Now he refuses to pay alimony.
“He woke one morning and announced he was done.”
Betting on the Kentucky Derby? Here’s how to think like a professional handicapper.
This year’s race, on May 4, marks the 150th edition of the Run for the Roses.
France’s Macron set to press visiting Xi on trade, Ukraine
Chinas President Xi Jinping (L) and his French counterpart Emmanuel Macron attend the official welcoming ceremony in Beijing on April 6, 2023. Ludovic Marin | AFP | Getty ImagesChina's President Xi Jinping heads to Paris on Sunday for a rare visit, with his French...
Sanctions Reach Won’t Disrupt The Dollar’s Reserve Currency Status
Summary In recent times, the U.S. dollar’s status as the global reserve currency has been questioned, more so now that the reach of U.S. sanctions capabilities has been expanded to seize foreign government dollar assets. But despite the risk of having assets...
River House at Odette’s Review – New Hope, PA
Picture this: You’re nestled in a cozy and sophisticated boutique hotel along the banks of the Delaware River on your own private balcony. Taking in the warm golden morning light you sip a velvety cappuccino you made from your in-room espresso machine. The sun is...
Speculators strongly boosting US Dollar bets vs Major Currencies :: InvestMacro
COT | Data | Leaders | What is COT? | Excel | COT DashboardHere are the latest links to our coverage of the Commitment of Traders data changes. Data updated through April 30th.The COT currency market speculator bets were higher this week as eight out of the eleven...
Americans are down on the economy — but there are good reasons to be optimistic
Biden unfairly gets poor marks for handling of the U.S. economy — which is improving.
401(k) plans lack one benefit that would make a big difference in retirement
While the U.S. retirement system relies on employer-provided 401(k) plans to help most workers save and invest for their golden years, few of these plans help retirees avoid outliving their old-age savings.
How interest in electric vehicles has stalled over the last 3 years, in one chart
The promised American switch to electric vehicles from gas-engine cars is hitting speed bumps, and a new survey offers fresh indications of that slowdown.
Strategies to Grow Your Subscriber List for a Newsletter or Blog » Succeed As Your Own Boss
Growing your subscriber list for a small business newsletter or blog is vital for expanding your reach, increasing engagement, and driving conversions. Building a robust subscriber base allows you to connect with your target audience, nurture relationships, and...
Mario Gabelli reveals his market-beating secrets and offers some favorite stock picks
The veteran investor’s recipe: Find a good business with good management, buy the stock at a reasonable price and hold long-term.
Hit it & Quit It with Gloria Chou, Dan Stalp, and Dave Newell » Succeed As Your Own Boss
Gloria Chou is an award-winning Small Business PR coach and host of the top-rated Small Business PR Podcast. Her untraditional yet proven PR methods that allow anyone to gain top-tier, earned media without needing to hire an agency, have industry connections, or any...
Using debt to finance government spending is not a free lunch
Government debt can be a valuable tool — but it has consequences.
How to Find the Perfect Business Idea » Succeed As Your Own Boss
Embarking on the path of entrepreneurship is not merely about having the drive and passion; it’s also about channeling that energy into the right business opportunity. Once you’ve scrutinized your abilities, identified your strengths, and visualized your...
Speculator bets led lower by S&P500 & MSCI EAFE :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday April 30th and shows a quick view of how large traders...
How to Love On Your Customers Better with Melinda Emerson » Succeed As Your Own Boss
Melinda F. Emerson, “SmallBizLady” is America’s #1 Small Business Expert. She is an internationally renowned keynote speaker on small business development, social selling, and online marketing strategy. As CEO of Quintessence Group, her Philadelphia-based marketing...
Labour’s Sadiq Khan wins re-election as London mayor
Mayor of London Sadiq Khan hopes to convince U.S. tech firms to invest more in London.Leon Neal | Getty ImagesSadiq Khan was re-elected as London's mayor, final results showed on Saturday, helping to cement the Labour Party's commanding lead over the governing...
Beating inflation will likely require U.S. unemployment to rise
Americans are on a frustrating search for a soft economic landing.
Are You Keeping Your Business Commitments to Yourself? » Succeed As Your Own Boss
Entrepreneurship is a spiritual journey as much as anything else. It requires making commitments that often extend beyond the promises made to employees, vendors, and clients; it also encompasses the pledges we make to ourselves. These internal commitments are the...
How to Build Business Credit with Angelic Williams » Succeed As Your Own Boss
In this episode, Melinda Emerson chats with Angelic Williams about the nuances of business credit. They delve into its difference from personal credit, the significance of the Paydex score, and the steps to build a business credit profile. They also discuss common...
EUR/AUD Weekly Outlook – Action Forex
EUR/AUD’s fall from 1.6742 continued last week despite interim strong rebound. Initial bias stays on the downside this week. This decline is seen as the third leg of the corrective pattern from 1.7062. Further fall should be seen to expected to 1.6127 support, or...
The U.S. economy and stocks have likely dodged a recession: El-Erian
The U.S. is the sole major engine of global growth in an increasingly less-stable world.
Speculator bets led lower by SOFR 3M & 10-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 April 30th and shows a quick view of how large...
How to Hire a Virtual Assistant » Succeed As Your Own Boss
Hiring a virtual assistant (VA) can be a valuable investment for small business owners looking to streamline operations, increase productivity, and focus on core business activities. Whether you need help with administrative tasks, customer support, or specialized...
The U.S. birth rate has never been lower. Here’s what that means for stocks.
Americans aren’t having as many kids, but the economy can handle that — for now.
EUR/GBP Weekly Outlook – Action Forex
EUR/GBP’s rebounded strongly last week after initial fall to 0.8529. Initial bias remains neutral this week with focus on 0.8582 resistance. Further decline is expected as long as 0.8582 resistance holds. Below 0.8529 will target 0.8491/7 support zone. However,...
How to Leverage AI to Grow Your Business with Aprelle Duany » Succeed As Your Own Boss
In this episode, Melinda Emerson talks with Aprelle Duany about the role of AI in businesses. They discuss Duany’s journey into AI, practical applications, and the challenges encountered in its adoption. Also, they explore how AI improves customer experience and the...
Speculator bets led by Gold & Steel :: 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 April 30th and shows a quick view of how large traders...
Celebrate National Small Business Week 2024 » Succeed As Your Own Boss
Join me and the Small Business Administration for National Small Business Week from April 28 – May 4, 2024. This is our nation’s celebration of the 33.5 million small businesses across the country. Small businesses are the backbone of our economy, and this is our week...
We’re all paying a high price for letting corporations have free rein over us
Deliberately weakening social protections has created greater financial and economic insecurity.
GBP/JPY Weekly Outlook – Action Forex
GBP/JPY reversed after rising to 200.53 last week and fell sharply since then. Initial bias remains on the downside this week. Sustained break of 55 D EMA (now at 191.34) will extend the fall from 200.53, to 61.8% retracement of 178.32 to 200.53 at 186.80. On the...
Hit it & Quit It with Angelic Williams and Aprelle Duany » Succeed As Your Own Boss
In this episode, Melinda Emerson welcomes Angelique Williams and Aprelle Duany for a lively discussion. They delve into their “Hit it and Quit It” philosophy, share favorite business apps, and offer some old school marketing tips. The discussion wraps up with their...
Micron, GM join Big Tech on this list of 20 biggest winners this earnings season
Companies in the S&P 500 increasing sales by double digits while improving profit margins also include Netflix, two home builders and American Express.
FX Speculators reduce bearish bets for Yen, Canadian & Australian Dollars :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday April 30th and shows a quick view of how large market...
USD/CAD Weekly Outlook – Action Forex
USD/CAD’s correction from 1.3845 extended to 1.3608 last week, but recovered after drawing support from 55 D EMA (now at 1.3616). Initial bias is neutral this week first. Strong rebound from current level, followed by break of 1.3782 resistance, will retain near term...
Does financial literacy actually make you better with money? Critics say ‘it’s not the salve that people think it is.’
The pandemic spurred new investment in financial-education programs. But some critics say it’s a shortsighted solution to the challenges we face in managing our money.
AUD/USD Weekly Report – Action Forex
AUD/USD’s rebound from 0.6361 continued last week despite interim pull back. Breach of 0.6643 resistance affirms the case that fall from 0.6870 has completed with three waves down to 0.6361. Initial bias stays on the upside this week for 100% projection of 0.6361 to...
Speculator bets led by Wheat, Soybean Meal & Corn :: 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 April 30th and shows a quick view of how large...
My wife and I are 78. This is how we manage investment risk without panicking.
Many retirees take the wrong level of risk because they don’t understand it or they don’t want to think about it
GBP/USD Weekly Outlook – Action Forex
GBP/USD’s rebound from 1.2298 resumed by breaking through 1.2568 last week. The strong break of 55 D EMA suggest that fall from 1.2892 has completed with three waves down to 1.2298. Initial bias stays on the upside this week. Break of 61.8% projection of 1.2298 to...
Beat Warren Buffett’s portfolio with this golden pick
Gold is not considered a respectable investment in polite circles, but maybe it should be.
USD/JPY Weekly Outlook – Action Forex
USD/JPY reversed after spiking higher to 160.20 last week, and fell sharply since then. Initial bias remains on the downside this week for deeper fall. But strong support should be seen from 150.87 resistance turned support to bring rebound. Above 153.81 minor...
Errors on credit reports are an ‘epidemic’ — but nearly 25% of Americans can’t access their credit reports to check for mistakes, consumer advocates say
Credit reports are supposed to be available for free every week, but many consumers can’t get to their data, a Consumer Reports study found.
Dutch Authority Seizes €12 Million in Gambling Platform Scam Investigation
The Dutch Fiscal Information and Investigation Service (FIOD) has made four arrests and seized over €12 million in a scam involving an online gambling platform, according to a statement released on their official website. The FIOD,...
Copper, Silver & Commodities Index lead Bullish 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 April 30th 2024.This weekly Extreme Positions report highlights the Most Bullish and Most...
HSA costs you need to watch out for — and when not to worry
Health savings accounts are powerful tax-advantaged tools to pay for healthcare, but there are hidden fees that could cost consumers some of their savings, the Consumer Financial Protection Bureau warns.
EUR/USD Weekly Outlook – Action Forex
EUR/USD’s rise from 1.0601 resumed last week and the strong break of 55 D EMA argues that fall from 1.1138 might have completed. Initial bias stays on the upside this week. Firm break of 100% projection of 1.0601 to 1.0752 from 1.0648 at 1.0799 will pave the way to...
With more of us living longer, traditional retirement plans just won’t cut it
Whatever your age, you need to invest more in your future to ensure you age well.
Dollar Falls as Prospects of Two Fed Rate Cuts This Year Reemerge
Dollar concluded last week with significant losses, influenced by a set of factors that realigned market expectations and investor sentiment. A pivotal moment came with Fed Chair Jerome Powell’s much less-hawkish-than-feared remarks at the FOMC press conference,...
Management on RBI regulations, ET BFSI
Kotak Mahindra Bank on Saturday while announcing the results for the quarter ending March 31, 2024 said that the bank's focus is on customers, and that it is worried about the reputational risk more than that of the impact of its finance.While announcing the results,...
Binance Introduces OM Locked Staking with up to 19.9% APR
Binance, the world's leading cryptocurrency exchange, has launched the OM Locked Staking product offering up to an impressive 19.9% APR. The announcement was made on the Binance website on September 17th, 2021. The launch of OM Locked...
Credit cards are the ‘financing of last resort’ for older adults as inflation persists
As inflationary pressures leave older adults with little wiggle room to pay for everyday items and cover emergency costs, credit cards have become the financing method of last resort. As a result, balances have jumped since last year.
USD/CHF Weekly Outlook – Action Forex
Despite edging higher initial to 0.9223 last week, USD/CHF was rejected by 0.9243 key resistance and fell sharply since then. Initial bias stays on the downside this week. Sustained break of 55 D EMA (now at 0.8989) will bring deeper fall to 38.2% retracement of...
I’m in my 50s, earn over $200,000, own a $1.75 million home and have $4 million in savings. Should I pay off my 2.75% mortgage?
“My business has been doing well lately, and I am able to take nice owner distributions of $10,000 to $30,000 per month,”
Carlyle sells 2% in Yes Bank for Rs 1,441 crore, BFSI News, ET BFSI
NEW DELHI: Carlyle Group on Friday divested nearly a 2% stake in private sector lender Yes Bank for Rs 1,441 crore through an open market transaction.US-based Carlyle Group, through its affiliate CA Basque Investments, offloaded shares in Yes Bank through a bulk deal...
Why election polls were wrong in 2016 and 2020 — and what’s changing
Voters fill out their ballots on January 23, 2024 in Loudon, New Hampshire. With Florida Governor Ron DeSantis dropping out of the race two days earlier, Republican presidential candidates former President Donald Trump and former UN Ambassador Nikki Haley are battling...
EUR/JPY Weekly Outlook – Action Forex
EUR/JPY reversed after initial rise to 171.58 last week and fell sharply. Initial bias remains on the downside this week. Sustained break of 55 D EMA (now at 163.94) will extend the fall from 171.58 to 61.8% retracement of 153.15 to 171.58 at 160.19. On the upside,...
Does inflation share a relationship with default?, BFSI News, ET BFSI
Empirically, Inflation or ‘Mehengai’ is notoriously infamous for causing stirs and uproars in the public domain. Ask any businessman, large or small, organized or informal, about inflation, it is likely that a majority will grumble about rising input costs and its...
Corporate insiders are on a buyers’ strike — signaling more downward pressure on stocks
Executives in the know aren’t biting at discounted share prices.
Banks homing in on a bigger share of expanding real estate pie, ET BFSI
Bank loans to commercial real estate which also includes residential construction, last fiscal year nearly tripled at 23 percent, excluding the impact of the merger of HDFC with HDFC Bank. Outstanding loans amounted to Rs 3.97 lakh crore.If one includes the merger...
EUR/CHF Weekly Outlook – Action Forex
EUR/CHF’s rebound from 0.9563 should have completed at 0.9835 last week after rejection by 0.9847 resistance. Initial bias stays on the downside this week. Fall from 0.9835 is seen as the third leg of the corrective pattern from 0.9847, and should target 0.9563...
We need to make a housing decision fast, and the only place to get the funds is our retirement savings
A couple needs to make a housing decision fast, and the only place to get the funds is their retirement savings.
Star Wars was the first Lego license — 25 years later, it’s stronger than ever
Star Wars Lego models are seen at the Bricks & Figs museum in Krakow, Poland, on April 15, 2023.Anadolu | Anadolu | Getty ImagesIf you are a Star Wars fan, Jens Kronvold Frederiksen may have crafted your childhood.A design director at the Denmark-based Lego...
Uzbekistan positions itself as a regional investment hub, ET BFSI
Uzbekistan is positioning itself as the regional hub for investments in the backdrop of critical reforms and focus on market economy attracting foreign investments including from India.To boost investments Third Tashkent International Investment Forum was organised in...
Same job, $16 less per hour: Frustrated job hunters can’t find roles that pay as well as their old ones
The latest jobs report shows the labor market is still strong, but some workers say they’ve been forced to take jobs that pay almost half what they earned before.
RBI approves reappointment of Atanu Chakraborty as part-time chairman of HDFC Bank for 3 years, ET BFSI
The Reserve Bank of India on Friday approved the reappointment of Atanu Chakraborty as part time chairman of HDFC Bank for a period of three years w.e.f. May 05, 2024 to May 04, 2027.Chakraborty served the Government of India for 35 years as a member of the Indian...
RBI directs banks to restrict capital market exposure, BFSI News, ET BFSI
New Delhi [India], May 3 (ANI): The Reserve Bank of India (RBI) has issued directives to banks regarding their exposure to the capital markets, emphasizing compliance with prescribed guidelines. The latest circular, pertains specifically to the "Banks' Exposure to...
Gold is overvalued now and won’t help you beat inflation in coming years
New research sees gold lagging U.S. inflation by more than 7% a year over the next decade.
India’s Kotak Mahindra Bank beats estimates with 26% rise in Q4 net profit, ET BFSI
MUMBAI - India's Kotak Mahindra Bank reported a better-than-expected 26% increase in fourth-quarter net profit on Saturday, buoyed by higher core lending income and healthy loan growth. The private lender's standalone net profit, excluding subsidiaries, rose to 41.33...
RBI imposes monetary penalty on Satara Sahakari Bank Limited, BFSI News, ET BFSI
The Reserve Bank of India (RBI) has taken stringent action against The Satara Sahakari Bank Limited, Mumbai, Maharashtra, by imposing a monetary penalty of Rs 2 lakh for non-compliance with certain provisions of the Banking Regulation Act, 1949 (BR Act) and RBI...
Consumer companies on recovery path; FY25 India business looks bright, ET BFSI
Kolkata | Mumbai: Chief executives and CXOs of 10 top global and Indian consumer-facing companies, including Coca-Cola, Reliance Retail, Apple, Shoppers Stop, Pernod Ricard, Carlsberg and Dabur, said demand has strengthened since March, bolstering quarterly sales, and...
Here’s how much Buffett’s Berkshire Hathaway could make from Apple’s dividend hike
Apple said it will increase its cash dividend by 4%, which is good news for Warren Buffett’s company.
Summary 5/6 – 5/10
Monday, May 6, 2024 Tuesday, May 7, 2024 Wednesday, May 8, 2024 Thursday, May 9, 2024 Friday, May 10, 2024 The post Summary 5/6 – 5/10 appeared first on Action Forex.
Govt to buy back bonds worth Rs 40,000 crore; move to ease tight liquidity, ET BFSI
Mumbai: In a move that will ease the prevailing tight liquidity conditions in the banking system, the Reserve Bank of India on Friday said the Centre plans to buy back Rs 40,000 crore worth of government securities on May 9, the first such repurchase since 2018.The...
$7,500 for tequila? The Cinco de Mayo staple has become a super-premium spirit.
“As more consumers make tequila their spirit of choice, we’ve seen them gravitate towards high-quality, premium tequilas,” Patrón executive says.
HSBC has no plans to dispose of further businesses, says chairman Mark Tucker, ET BFSI
HSBC has no current plans to sell more assets, its chairman Mark Tucker said on Friday at the annual shareholder meeting of the bank, which has scaled back its presence in Western markets in recent years as part of a sweeping overhaul.HSBC shareholders met in London...
Govt mulls survey to estimate cost of logistics incurred by businesses, ET BFSI
New Delhi: The government is likely to initiate a first of its kind survey to arrive at robust and timely estimates for the cost of logistics incurred by businesses, said people familiar with the matter.The Department for Promotion of Industry and Internal Trade...
Canadian Jobs Data to Show Further Labour Market Softening
The Canadian labour market report will be watched closely next Friday for further signs of deterioration in the country’s economic backdrop. We look for an increase of 15,000 workers after a small 2,000 drop in employment in March. But the unemployment rate will hold...
U.S. stocks rally on ‘Goldilocks’ jobs report as Wall Street’s fear gauge slides
U.S. stocks have swung to an upbeat start in May, with Wall Street’s “fear gauge” easing to its lowest level since the end of March as investor anxieties tied to inflation appeared to subside.
US SEC Extends Review Period for 7RCC’s Bitcoin ETF Listing
An extension of the review time for 7RCC's Bitcoin exchange-traded fund (ETF) listing has been announced by the United States Securities and Exchange Commission (SEC). At this point, the commission will make its final judgement about the...
RBI issues draft guidelines on infrastructure finance, BFSI News, ET BFSI
The Reserve Bank of India (RBI) has proposed to overhaul rules governing project lending to enable the flow of funds to infrastructure and, at the same time, ensure that the risk metrics are under control. It has stipulated minimum exposure of banks in consortium...
PSBs plan to set up ‘green cells’ for climate funding, BFSI News, ET BFSI
State-run lenders will look to set up specialised 'green cells' with dedicated employees for climate-specific initiatives. These measures are part of the Enhanced Access and Service Excellence (EASE) reform version 7.0, which was rolled out last week.A senior bank...
Weekly Economic & Financial Commentary: Yen Falls to 34-Year Low, Prompting Possible BoJ Intervention
Summary United States: April Brings Signs of Cooling in Economic Growth Q2 began on a softer note. Employment growth was sturdy in April, but the 175K jobs added was the smallest gain since October. The below-consensus gain was accompanied by an increase in the...
Can you buy a house if you make less than $100,000? Yes — in these 10 metro areas.
Dreaming of buying a house in today’s challenging real estate market? In this economy, you’ll need to make at least six figures — in most markets.
Centre for Financial Accountability urges RBI to broaden scope of climate-related financial risk framework, ET BFSI
In response to the Reserve Bank of India's (RBI) 'Draft Disclosure Framework on Climate-Related Financial Risks' released in February 2024, the Centre for Financial Accountability (CFA) has advocated for an expanded approach to assessing and addressing climate-related...
Corporate affairs ministry bats for effective cost audits to curb corporate frauds, ET BFSI
New Delhi: The corporate affairs ministry has underscored the importance of effective and timely cost audits to curb manipulation by unscrupulous elements, a development that comes amid increasing bids by fraudulent companies to mislead authorities with dodgy...
Announces $1,000,000 Creator and Community Member Grants & Bybit IDO – Blockchain News, Opinion, TV and Jobs
Zurich, Switzerland, May 3rd, 2024, Chainwire Galaxis is preparing for this month’s token launch on Bybit, with the first phase commencing through the IDO. To further enhance this launch, Galaxis has announced a substantial $1,000,000 Community Creator and Community...
GameStop’s stock skyrockets 29% to continue rally and register biggest gain in over a year
Shares of videogame retailer and original meme stock GameStop surged on no apparent news this week.
Apple is Buffett’s biggest stock, but his moat thesis faces questions
Tim Cook and Warren BuffettGetty Images (L) | CNBC (R)Berkshire Hathaway's Warren Buffett was still using a flip phone as late as 2020, four years after his investment behemoth started amassing a huge stake in the company that makes iPhones."I don't understand the...
The Weekly Bottom Line: Holding Steady for Longer
U.S. Highlights The Federal Reserve held the policy rate steady this week and signaled that rates will likely remain higher for longer. The U.S. jobs engine slowed in April, adding 175k jobs. The unemployment rate rose modestly to a still low 3.9%. Last year’s...
Forex reserves drop USD 2.41 bn to USD 637.92 bn in third consecutive week of decline, ET BFSI
Mumbai, India's forex reserves dropped USD 2.412 billion to USD 637.922 billion as on April 26, in the third consecutive weekly decline in the reserves, the Reserve Bank of India (RBI) said on Friday. In the previous reporting week, the overall reserves had declined...
RBI proposes minimum loan exposure for project finance by banks, ET BFSI
The Reserve Bank of India (RBI) unveiled draft guidelines on project financing aimed at enhancing transparency and risk management in consortium lending, proposing a minimum loan exposure floor for banks and mandated standards for asset provisioning during project...
US NFP grows only 175k, unemployment rate rises to 3.9%
US Non-Farm Payroll employment grew 175k in April, well below expectation of 243k. It’s also way lower than the average gain of 242k in the prior 12 months. Unemployment rate rose from 3.8% to 3.9%, above expectation of 3.8%. Labor force participation rate was...
Oil prices log worst week since February as concerns over Middle East supply risks fade
Oil futures finished lower Friday — with easing concerns over potential supply disruptions in the Middle East, strong U.S. production and signs of slowing demand prompting prices to register their largest weekly percentage loss since early February.
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.9079; (P) 0.9126; (R1) 0.9155; More…. USD/CHF’s sharp fall and strong break of 0.9087 support confirms short term topping at 0.9223, after first rejection from 0.9243 key resistance. Intraday bias is back on the downside, and deeper fall would be...
Shares of nanocap Safe & Green Holdings skyrocket in ‘insane’ move
Safe & Green Holdings Corp. shares skyrocketed 86.7% Friday, a day after the design- and construction-services company completed its reverse stock split.
Cocoa futures turn bitter as prices drop 30% from record highs
Cocoa futures on Friday marked a drop of 30% from their all-time highs, as a buying frenzy that lifted prices to a record just two weeks ago gave way to expectations for better crop conditions and worries about a drop in demand.
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 152.37; (P) 154.33; (R1) 155.60; More… USD/JPY’s fall from 160.20 short term top continues today and intraday bias remains on the downside for 61.8% retracement of 146.47 to 160.20 at 151.71. Strong support should be seen from 150.87 resistance...
Dave & Buster’s plan to allow betting on arcade games draws scrutiny
A Dave & Buster's location in the Gateway Center shopping complex in the Brooklyn borough of New York, US, on Saturday, March 30, 2024. Bing Guan | Bloomberg | Getty ImagesArcade chain Dave and Buster's plan to allow customer betting isn't winning over...
Is Intel (INTC) a Buy, Sell, or Hold Amidst Tough Competition? :: InvestMacro
By Ino.comIntel Corporation (INTC), a prominent semiconductor company, is currently navigating a challenging phase characterized by a dwindling financial outlook and difficulties sustaining competitiveness within the semiconductor industry. Intel stands behind many...
In Norfolk Southern board battle, proxy adviser Egan-Jones throws weight behind activist Ancora
Egan-Jones has joined fellow proxy advisers Institutional Shareholder Services and Glass Lewis in stepping into activist Ancora’s board battle with railroad operator Norfolk Southern.