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Canaan Inc. to Join Benchmark’s 11th Annual TMT Conference in NYC
Lawrence Jengar Sep 04, 2024 12:21 Canaan Inc. (NASDAQ: CAN) will participate in Benchmark's 11th Annual TMT One-on-One Conference in New York City on September 4, 2024. Canaan Inc. (NASDAQ: CAN), a prominent...
RBI DG highlights ‘huge addressable market’ in MSME lending; What data says?, ET BFSI
Michael Debabrata Patra, Deputy Governor of Reserve Bank of India has highlighted potentional addressable market for banks, FinTechs and NBFCs in terms of MSME lending.He said that the overall finance demand of India’s MSMEs is around US$ 1,955 billion, and out of...
Rupee hits record low amid negative global cues; RBI support aids, ET BFSI
By Siddhi NayakMUMBAI - The Indian rupee dropped to a record low near the close of trading on Wednesday after yet another rangebound trading session as it stayed wedged between negative global cues and support from the central bank.The rupee hit a lifetime low of...
Dollar Tree (DLTR) earnings Q2 2024
A sign is posted in front of a Dollar Tree and Family Dollar store on March 13, 2024 in Rio Vista, California. Justin Sullivan | Getty ImagesShares of Dollar Tree fell about 10% in premarket trading Wednesday after the discounter cut its full-year outlook, citing...
The NAGA Group enters sponsoring partnership with German Bundesliga football team Borussia Dortmund
Fresh off its completed merger with CAPEX.com operator Key Way Group, social trading focused online broker The NAGA Group AG (ETR:N4G), provider of the all-in-one financial SuperApp NAGA, has announced that it has entered into a partnership with Borussia Dortmund...
Harris $50,000 small business startup tax deduction ahead of Trump debate
Democratic presidential nominee and U.S. Vice President Kamala Harris delivers remarks at a campaign rally in Savannah, Georgia, U.S., August 29, 2024. Elizabeth Frantz | ReutersVice President Kamala Harris on Wednesday will unveil a new proposal to provide small...
BitMEX Introduces AAVEUSD and AAVEUSDT Perpetual Contracts with 20x Leverage
James Ding Sep 04, 2024 11:47 BitMEX to launch AAVEUSD and AAVEUSDT perpetual contracts with up to 20x leverage on September 4, 2024, expanding its derivatives offerings. BitMEX is set to expand its derivatives...
Which banks offer the best fixed deposit rates for 1-year FDs? Check list, ET BFSI
Highest Fixed Deposit Interest Rates: A fixed deposit (FD) is a financial instrument that allows individuals to invest a predetermined sum of money for a specific duration. The tenure of the fixed deposit can be chosen by the investor, providing flexibility in...
Ops expert Antreas Pilavakis changes prop firms, from The Trading Pit to FunderPro
FNG has learned that prop trading firm FunderPro has hired Antreas Pilavakis as the company’s new Operations Manager. Antreas Pilavakis joins FunderPro after spending the past two-plus years at Cyprus based prop firm The Trading Pit, joining initially as a Customer...
Qualcomm launches latest AI PC chip in challenge to Intel and AMD
A view of the logo of Qualcomm at the Mobile World Congress 2024.Ramon Costa | SOPA Images | Lightrocket | Getty ImagesQualcomm launched a new PC processor on Wednesday as it looks to capitalize on electronics makers' desire to put artificial intelligence on their...
Trump pleads not guilty to revised election interference indictment
Republican presidential nominee and former U.S. President Donald Trump gestures as he holds a rally at the Cambria County War Memorial Arena in Johnstown, Pennsylvania, U.S. August 30, 2024. Brian Snyder | ReutersFormer President Donald Trump on Tuesday once again...
Flipkart Fashion head set to join Angel One as CBO, BFSI News, ET BFSI
Representative ImageMumbai-based stock broking company Angel One is set to appoint Arief Mohamad as its new chief business officer, two people in the know said.Mohamad has already put in his papers at Flipkart, where he was heading the fashion vertical, the second...
Robinhood Markets (HOOD) to Present at Goldman Sachs Conference
Zach Anderson Sep 04, 2024 11:04 Robinhood Markets, Inc. (HOOD) announced its participation in the Goldman Sachs Communacopia + Technology Conference on September 10, 2024. Robinhood Markets, Inc. (NASDAQ: HOOD)...
Binance Launches Zero-Fee Promotion for EUR Deposits and Trading Pairs
Rebeca Moen Sep 04, 2024 10:48 Binance introduces a zero-fee promotion for EUR deposits and spot trading pairs, available to eligible users from August 16 to September 16, 2024. Binance, one of the leading...
Alibaba to allow payment through Tencent’s WeChat Pay on e-commerce apps
The Alibaba Group logo displayed on a mobile phone. Cfoto | Future Publishing | Getty ImagesChinese tech giant Alibaba on Wednesday said that its core Taobao and Tmall e-commerce platforms will now allow payment through Tencent's WeChat app for the first...
Sumeet Chabria joins Genesis as Senior Advisor
Genesis Global announced that Sumeet Chabria, formerly Global Head of Business Services and COO for Technology and Operations at Bank of America and Global CIO for Banking and Markets at HSBC, has joined the firm as a senior advisor. “Financial companies spend...
Understanding DVT and How Does It Improve Staking on Ethereum
Ethereum is at one of the crucial crossroads in the history of blockchain and web3 after shifting to the Proof of Stake consensus. It needs a more secure and decentralized staking ecosystem to encourage staking on Ethereum. The Distributed Validator Technology guide...
Trump RFK Jr. exit plan stalls in Michigan, North Carolina, Wisconsin
Former independent presidential candidate Robert F. Kennedy Jr. gestures during Republican presidential nominee and former President Donald Trump's rally in Glendale, Arizona, Aug. 23, 2024.Go Nakamura | ReutersWhen Robert F. Kennedy Jr. dropped his independent White...
ICRA predicts dip in NBFC-MFIs’ AUM growth to 17-19% in FY2025, ET BFSI
Rating agency ICRA on Wednesday said the evolving asset quality risks will dampen sectoral growth and earnings in the current fiscal, and expected the NBFC-MFIs’ AUM growth to dip to 17-19% in FY2025 from 29% in FY2024.Notably, in its recent report, ICRA highlighted...
Equals issues update on possible offer for its share capital
Equals Group plc (LON:EQLS) today issued an update on the review of its strategic options. On 10 July 2024 the Board of Equals announced that it had received an improved indicative non-binding proposal from the consortium comprising Embedded Finance Limited (Railsr)...
India Inc extends gender diversity push to temporary hiring for festive season, ET BFSI
Representative ImageIndia Inc’s big gender diversity push is increasingly getting extended to temporary hiring during peak periods such as the festive season.Ecommerce, logistics, retail, hospitality, manufacturing, consumer durables, banking, financial services and...
Rahat’s Rumee Singh Enhances Financial Resilience with Blockchain
Alvin Lang Sep 04, 2024 09:39 Rahat, led by Rumee Singh, leverages blockchain technology to support financially vulnerable populations globally, winning accolades and grants. Rahat, a groundbreaking initiative...
China hits Canada with anti-dumping probe on canola imports, Ottawa deeply concerned
Cooking oils made from canola from Canada are offered for sale at a grocery store on April 26, 2022 in Chicago, Illinois.Scott Olson | Getty ImagesChina said on Tuesday it planned to start an anti-dumping investigation into canola imports from Canada,...
Loan-to-deposit ratio to subside on its own in coming months: Motilal Oswal, ET BFSI
New Delhi [India], September 4 (ANI): Amid questions on the depleting loan-to-deposit ratio in Indian banks, a recent report by Motilal Oswal, a financial service company suggests that the loan-to-deposit (LD) ratio is likely to subside on its own in the coming...
Elon Musk’s Starlink says it will block X in Brazil
Jaque Silva | SOPA Images | Lightrocket | Getty ImagesStarlink, the satellite internet service owned and operated by SpaceX, said it will block social network X in Brazil to continue operations there without the threat of losing its license. Elon Musk owns both...
Institutional FX trading picks up 8% volume increase in August 2024
Following a fairly slow July – but on the heels of a very active H1-2024 of institutional FX trading – August 2024 saw a healthy increase in trading at leading eFX trading providers, averaging a 7.9% across-the-board rise in activity during a fairly volatile month for...
Social media platform Bluesky attracts millions in Brazil after judge bans Musk’s X
The Bluesky logo displayed on a smartphone screen. Sopa Images | Lightrocket | Getty ImagesBrazil's recent ban of Elon Musk's social media platform X has boosted the profile of its smaller rival, Bluesky, as people search for alternatives to voice their...
SingularityNET (AGIX) Releases Final Supervisory Council Progress Update
Lawrence Jengar Sep 04, 2024 08:42 SingularityNET (AGIX) has published its final progress update from the Supervisory Council, detailing the Decentralization Blueprint and future plans. SingularityNET (AGIX) has...
Rupee’s decline capped by central bank’s recent behaviour, ET BFSI
Indian rupee declined on Tuesday.The Indian rupee declined on Tuesday, tracking weak Asian peers, but the central bank's repeated intervention at current levels in the recent past meant that the losses were fairly limited.The rupee was at 83.9475 to the U.S. dollar at...
Deleted posts from Eric and Lara Trump
Republican presidential nominee and former U.S. President Donald Trump gestures as he holds a rally at the Cambria County War Memorial Arena in Johnstown, Pennsylvania, U.S. August 30, 2024. Brian Snyder | ReutersThe X accounts of two family members of Republican...
Households likely to build back financial assets as incomes rise, says RBI Dy Guv Michael Patra, ET BFSI
Households, which have recently brought down their net financial savings sharply, are likely to build back their financial assets as rising incomes provide a boost going ahead, Reserve Bank of India deputy governor Michael Patra said on Tuesday.“This process has...
BlueCrest’s BlueX FX EMS trading platform goes live
FX trading technology platform BlueX has announced its official go-live, with the first production trades now executed. This follows the recent granting of its licence by the Jersey Financial Services Commission (JFSC). BlueX provides a wide range of unique trading...
Nvidia slides in pre-market trading after drop wiped out almost $300 billion
Nvidia CEO Jensen Huang speaks during Computex 2024 in Taipei on June 4, 2024. I-hwa Cheng | AFP | Getty ImagesNvidia shares fell 2% in premarket trading on Wednesday after Bloomberg reported that the company received a subpoena from the Department of Justice as part...
HDB Financial Services taps global I-Banks for IPO, BFSI News, ET BFSI
HDB Financial Services, the non-banking finance arm of HDFC Bank, is in talks with Bank of America Securities, Morgan Stanley and Nomura to shortlist advisors to a proposed initial public offering (IPO), said people aware of the development. More banks may come on...
What are the challenges before P2P lenders after RBI crackdown?, ET BFSI
Peer-to-peer (P2P) lending platforms in India are facing significant challenges following a recent crackdown by the Reserve Bank of India (RBI). The central bank has imposed stricter regulations aimed at addressing concerns about P2P lenders marketing their services...
India’s Services PMI rises to 60.9 in August; Finance & Insurance lead performance, ET BFSI
Defying the trend seen in the manufacturing sector, India's Services PMI saw an uptick, reaching 60.9 in August, a better performance following July's 60.3. This increase indicates the most significant expansion since March, substantially surpassing the long-term...
FX option expiries for 4 September 10am New York cut
There is just one to take note of on the day, as highlighted in bold.That being for USD/CAD at the 1.3515 level. It isn't one that really holds any technical significance but the expiries there could act as a bit of a floor to price action, at least until we get to...
Robinhood launches stock lending product in the UK
In this photo illustration, the Robinhood Markets Inc. website is shown on a computer on June 06, 2024 in Chicago, Illinois. Scott Olson | Getty ImagesOnline brokerage platform Robinhood on Wednesday launched a share lending program in the U.K. that would allow...
Ukraine’s Dmytro Kuleba tenders resignation, parliament speaker says
Dmytro Kuleba at the Ukraine Recovery Conference in Berlin, Germany, on Tuesday, June 11, 2024. Bloomberg | Bloomberg | Getty ImagesUkraine's wartime Minister of Foreign Affairs Dmytro Kuleba tendered his resignation, Ukrainian Parliament Speaker Ruslan Stefanchuk...
Binance Unveils New Limited-Time Offers for Earn Wednesday
Alvin Lang Sep 04, 2024 08:05 Binance announces new limited-time offers for Earn Wednesday, featuring Simple Earn, ETH Staking, Dual Investment, and more. Offers available on a first-come, first-served basis. ...
Saxo Bank announces changes to Portfolio platform
Multi-asset investment specialist Saxo Bank has unveiled changes to the Portfolio platform. In September, clients logging in to the Portfolio platform will notice a minor change in the menu structure, providing access to a broader range of reports. When a user clicks...
Riot Platforms Urges Bitfarms Shareholders to Elect New Directors at Upcoming Meeting
Joerg Hiller Sep 04, 2024 07:28 Riot Platforms calls for Bitfarms shareholders to vote for new board members to improve governance ahead of a crucial special meeting. Riot Platforms, Inc. (NASDAQ: RIOT) has...
There is noticeable resurgence of dealmaking in 2024: Sanjay Singh, ET BFSI
BNP Paribas, the biggest French lender, is looking to expand its India client base, step up the ticket size of loans and take a strategic bet on the country. Sanjay Singh, CEO and head of territory, BNP Paribas India, also confirmed the bank has recently received a...
PSBs lose market share in credit as private banks gain ground: RBI, ET BFSI
Public Sector Banks (PSBs) have continued to lose ground in India's credit market, with their share in total credit declining to 53.1% as of June 2024, down from 55.8% a year earlier, according to the Reserve Bank of India's (RBI) latest quarterly data. In contrast,...
Interactive Brokers registers 40% Y/Y increase in DARTs in August 2024
Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just reported its operating metrics for August 2024. The broker registered 2.712 million Daily Average Revenue Trades (DARTs) in August 2024, 40% higher than in August 2023 and 2% lower than in...
Credit growth slows across banks, may drop to 12.5% in FY25, BFSI News, ET BFSI
Systemic loan growth will decelerate to 12.5% in FY25, with private banks and public sector banks (PSBs) expected to see reduced growth rates, driven by a continued slowdown in unsecured retail lending and weaker corporate credit demand.The high credit-deposit (CD)...
Trump Media stock slides below $18 amid broader market sell-off
Jakub Porzycki | Nurphoto | Getty ImagesThe share price of Trump Media, whose majority shareholder is former President Donald Trump, fell Tuesday to the lowest level seen since the Truth Social parent company began public trading in March following a merger.DJT shares...
Nvidia tumbles, leading chip stocks lower
Jensen Huang, co-founder and CEO of Nvidia, displays the new Blackwell GPU chip during the Nvidia GPU Technology Conference in San Jose, California, on March 18, 2024.David Paul Morris/Bloomberg via Getty ImagesSemiconductor stocks, led by Nvidia, fell Tuesday during...
Exclusive: Capital Index revenues fall 29% in 2023 as business “continued to suffer”
FNG Exclusive… FNG has learned via regulatory filings that FCA regulated CFDs and financial spreadbetting brokerage Capital Index (UK) Limited saw a decline in revenues for the fourth consecutive year in 2023, leading to another senior management shakeup at the...
Here’s all you need to know about the initiative, ET BFSI
Union Minister Shivraj Singh Chouhan on Tuesday launched the AgriSURE Fund and Krishi Nivesh Portal in New Delhi. The AgriSURE Fund aims to support those start ups that works towards the development in agriculture-boosting ideas and plans. Through this, the government...
House Democrats ask Trump for proof he did not take $10 million ‘cash bribe’ from Egypt
Republican presidential candidate Donald Trump (L) meets with Egyptian President Abdel Fattah el-Sisi at the Plaza Hotel on September 19, 2016 in New York.Dominick Reuter | AFP | Getty ImagesDemocrats on the House Oversight Committee asked Donald Trump to show proof...
Steph Curry says he wants to be an NBA owner in the future
Four-time NBA Champion Steph Curry is already planning for life after basketball.The 10-time NBA All-Star spoke to CNBC's "Squawk on the Street" on Tuesday about the rest of his basketball career, his various businesses and goals for after his playing career ends.The...
SFC Imposes Lifetime Ban on Charles Lam Chung Yiu
Rongchai Wang Sep 03, 2024 17:16 The Securities and Futures Commission has issued a lifetime ban on Charles Lam Chung Yiu for misconduct. The Securities and Futures Commission (SFC) has announced a lifetime ban...
Exclusive: Jakub Zablocki cashing out $148 million in XTB shares, taking stake under 50%
FNG Exclusive… FNG has learned via regulatory filings made in Poland that Jakub Zablocki, co-founder and controlling shareholder of Warsaw based Retail FX and CFDs broker XTB SA (WSE:XTB), is planning to take his stake in the company down below 50% by cashing in...
India’s AU Small Finance Bank seeks cenbank nod for universal bank license, ET BFSI
BENGALURU - India's AU Small Finance Bank has sought approval for a universal bank license from the country's central bank, the lender said on Tuesday. In April, the Reserve Bank of India released a set of criteria that small lenders needed to meet to become universal...
ElevenLabs and Shapes Introduce AI Friends with Voice Interaction on Discord
Lawrence Jengar Sep 03, 2024 01:27 ElevenLabs collaborates with Shapes to bring voice interaction to AI friends on Discord, enhancing user experience and customization. In a groundbreaking development,...
SEC announces settled charges against crypto-focused advisory firm Galois Capital
The Securities and Exchange Commission (SEC) today announced settled charges against Florida-based Galois Capital Management LLC, a former registered investment adviser for a private fund that primarily invested in crypto assets, for failing to comply with...
AU Small Finance Bank submits application to RBI for voluntary transition to universal bank, ET BFSI
Kolkata: AU Small Finance Bank has formally made an application to the Reserve Bank of India for voluntary transition to universal bank, the bank announced Tuesday."We wish to inform (you) that the bank has submitted an application to the Reserve Bank of India to seek...
NFL season expected to spur record $35 billion in legal sports wagers
Joe Milton III #19 of the New England Patriots scrambles from the pressure of Kyu Blu Kelly #36 of the Washington Commanders during the third quarter of a preseason game at Commanders Field on August 25, 2024 in Landover, Maryland.Scott Taetsch | Getty Images Sport |...
Former top aide to New York Gov. Hochul charged with acting as foreign agent for China
This an aerial view of the Saxony Court, home in Manhasset, New York belonging to Chris Hu and Linda Sun, July 24, 2024. Sun is the former deputy chief of staff for New York State governor Kathy Hochul. The FBI searched the home on July 23, 2024. J. Conrad Williams...
World Bank urges India to boost labour-intensive exports for jobs, ET BFSI
By Manoj KumarNEW DELHI -India should focus on labour-intensive exports to boost employment, The World Bank said on Tuesday, noting that the country's manufacturing industry has not fully seized opportunities from China's exit from these sectors."India should also try...
SuiPlay0X1: Innovative Web3 Gaming Handheld Opens Preorders
Joerg Hiller Sep 03, 2024 01:43 SuiPlay0X1, the first Web3 gaming handheld, starts preorders at $599. Integrates Sui games and Steam for a unique gaming experience. SuiPlay0X1, the pioneering Web3 gaming...
CME Group SOFR futures set OI and volume records
International derivatives marketplace CME Group today announced that open interest in its SOFR futures set a new record of 12,701,232 contracts on August 28, as the product’s average daily volume (ADV) reached a record 3.5 million contracts year-to-date. “As market...
NPA provisions continue to rise sequentially in Q2 amid seasonal weakness, ET BFSI
The aggregate loan loss provisioning by publicly listed banks in the June quarter increased to a four-quarter high led by a select banks including public sector banks (PSBs) such as State Bank of India (SBI) and Central Bank of India and private sector banks such as...
Fulham FC enters sponsorship deal with offshore CFDs broker IUX
English Premier League club Fulham FC has announced that offshore Retail FX and CFDs broker IUX will become the team’s Official CFD Trading Partner. Fulham FC had previously had sponsorship deals with regulated brokers Spreadex, and ICM.com. The parties said that this...
Sebi study finds 54% of IPO shares allotted to investors sold within a week, ET BFSI
New Delhi, A study by markets regulator Sebi highlighted flipping behaviour among investors in the initial share-sale market with investors (excluding anchor) selling 54 per cent of IPO shares allotted to them by value within a week. The study found a strong...
PFRDA Chairperson at CII Finance 3.0 summit, ET BFSI
New Delhi [India], September 3 (ANI): Deepak Mohanty, Chairperson, Pension Fund Regulatory and Development Authority (PFRDA) on Tuesday said that the transition under way from a nation of savers to investors marks a paradigm shift in our economic and financial...
Binance Bahrain to Serve South African Derivatives Users
Rongchai Wang Sep 03, 2024 14:45 Binance Bahrain B.S.C. (c) will now provide services for South African derivatives users, ensuring compliance with local regulations. In a move to comply with local regulatory...
Brent Crude Under Pressure Amid Supply Expansion Concerns :: InvestMacro
By RoboForex Analytical DepartmentBrent crude oil prices have experienced significant selling pressure recently, dipping to 77.21 USD per barrel on Tuesday. Although there has been a slight recovery from earlier lows, the overall market sentiment remains...
How PM Mudra Yojana is transforming lives in Uttar Pradesh, ET BFSI
Lucknow, The Pradhan Mantri Mudra Yojana is benefitting a large chunk of people in Uttar Pradesh, as more than 11 lakh residents have received loans to the tune of Rs 11,000 crore in the financial year 2024-25 alone. The penetration of the Central government scheme...
Bitcoin (BTC) Faces Volatility as US Interest Rate Decisions Loom
Terrill Dicki Sep 03, 2024 02:36 Bitcoin's (BTC) price may experience significant changes as the US Federal Reserve's interest rate decisions approach, according to Bitfinex Alpha. This month’s US interest rate...
Binance Announces Futures Trading Carnival with 45 Million DOGS and NOT Tokens Up for Grabs
Ted Hisokawa Sep 03, 2024 03:01 Binance Futures Trading Carnival offers eligible users a chance to win from a prize pool of 40 million DOGS and 5 million NOT token vouchers. Binance, one of the world's leading...
Tarabut acquires payments platform Vyne
Open banking platform Tarabut today announced the acquisition of London-based Vyne, a real-time account-to-account (A2A) payments platform for online businesses. This strategic acquisition, which has been approved by both the Saudi Central Bank (SAMA) and the UK’s...
Payment aggregators to develop centralised database to combat rising fraud, ET BFSI
In response to the growing incidence of payment fraud, payment aggregators are planning to establish a centralized "negative database" to track and prevent fraudulent transactions. This initiative aims to create a repository containing information on fraudulent...
Natural gas rises amid rising demand. The manufacturing sector in Australia and China shows a decline :: InvestMacro
By JustMarketsThe American stock market did not trade yesterday due to the bank holiday.Equity markets in Europe traded yesterday without a single dynamics. German DAX (DE40) rose by 0.13%, French CAC 40 (FR40) closed with an increase of 0.20%, Spanish IBEX 35 (ES35)...
Binance to Conduct Wallet Maintenance for BNB Smart Chain (BEP20) on September 5, 2024
Iris Coleman Sep 03, 2024 03:23 Binance will perform wallet maintenance for BNB Smart Chain (BEP20) on September 5, 2024, affecting deposits and withdrawals for two hours. Binance, one of the world's leading...
HDFC Bank, ICICI Bank, SBI, Kotak, Axis lead list of banks with top m-cap, ET BFSI
~ Samriddhi Singh MaharAccording to latest data by the Bombay Stock Exchange, released on the last week of August, private banks HDFC Bank and ICICI Bank and public sector bank SBI lead the race in list of banks with highest market capitalisation.While various metrics...
Soaring sports team values pressure owners on taxes, succession
A detail view of a NFL shield logo paint of the field during a preseason game between the Los Angeles Rams and the Houston Texans at NRG Stadium on August 24, 2024 in Houston, Texas.Ric Tapia | Getty Images Sport | Getty ImagesSports team owners benefiting from...
Broadridge launches data platform Tradeverse
Broadridge Financial Solutions Inc. (NYSE:BR) today announced the launch of Tradeverse, a new data platform. The new solution aims to help trading firms eliminate data silos, unleash the potential of their data across the enterprise and better manage costs,...
Sebi member Bhatia, ET BFSI
The financial sector needs a detailed and joint approach to address various challenges faced by MSMEs, Sebi Whole-Time Member Ashwani Bhatia said on Monday. In a special address on 'Unlocking the True Potential of MSMEs: Financing Options' session at the Financing...
Binance Introduces Toncoin (TON) to Simple Earn Locked Products
Timothy Morano Sep 03, 2024 03:51 Binance adds Toncoin (TON) to its Simple Earn Locked Products, offering up to 5.9% APR rewards during the promotion period. Binance, one of the leading cryptocurrency exchanges,...
Alex Gersh moves to advisory role to Paysafe CEO
Payments platform Paysafe Limited (NYSE:PSFE) today announced that Alex Gersh is moving into an advisory role to the Chief Executive Officer, effective September 4th and will step down as Chief Financial Officer. Mr Gersh will remain with Paysafe in his new role for...
List of all bank hirings in September, BFSI News, ET BFSI
IDBI Bank, Union Bank, Bank of Baroda, Indian Overseas Bank and MP Apex Bank have declared vacancies for multiple positions in their organizations. Candidates are advised to submit their applications within the given deadline. Vacant positions and last date to apply:...
Tesla Cybertruck is in a category of its own for better or worse
A Tesla Cybertruck in front of a graffiti mural on Aug. 28, 2024 in Detroit.Michael Wayland / CNBCDETROIT – Spaceship. Dream car. UFO. Dumpster. Cool. Stupid. Phenomenal. Abomination.Those were all words used to describe the Tesla Cybertruck during a 24-hour rental of...
Christopher Wilson Delivers Keynote at GIR Live Asia-Pacific Investigations Summit 2024
Tony Kim Sep 03, 2024 04:06 Christopher Wilson addresses critical issues in financial investigations at the GIR Live: Asia-Pacific Investigations Summit 2024. In a highly anticipated address, Christopher Wilson...
AssemblyAI Unveils C# .NET SDK for Advanced Audio Transcription and Analysis
Luisa Crawford Sep 03, 2024 05:37 AssemblyAI releases a C# .NET SDK, enabling developers to transcribe and analyze audio, and apply LLMs using LeMUR. AssemblyAI has announced the release of its new C# .NET SDK,...
Capital.com trading volumes up 6% in H1-2024, hires Jessica Bliesner as COO
Following a 53% leap in client trading volumes in 2023, leading Retail FX and CFDs broker Capital.com has announced interim results for the six months ended 30 June 2024 (H1 2024) which include continued, but more modest growth. First half financial highlights at...
15% uptick in overall outstanding loans in July 2024, ET BFSI
The BFSI sector recorded a steady credit with strong growth in overall outstanding loans increasing by approximately 15 per cent on a yoy basis in July, 2024. Deposit growth picked up yoy and is likely to see further uptick in the current rising interest rate regime....
Zilch posts first profit and appoints ex-Aviva CEO to board
Zilch CEO Phil Belamant.ZilchBritish financial technology firm Zilch on Tuesday reported its first-ever month of profit, marking a key milestone for the company as it looks toward an eventual initial public offering.In a trading update, Zilch, which competes with the...
Euroclear appoints Kristof Macours as Group General Counsel
Euroclear announced today that Kristof Macours has been appointed as Group General Counsel and Division Head of Legal and Corporate Secretariat. Kristof Macours Mr Macours brings extensive legal experience to this role. Previously, he served as Group Company...
RBI’s Michael Patra on what’ll largely finance India’s investment needs in coming decades, ET BFSI
Domestic savings have been crucial in financing India's investment requirements and are expected to remain the predominant source of net lending in the coming decades, Reserve Bank Deputy Governor Michael Debabrata Patra said on September 3.Patra shared these insights...
Sanjiv Bajaj just set his sights on the ‘HDFC of the future’, BFSI News, ET BFSI
Bajaj Finserv's chairman Sanjiv Bajaj is setting his sights on developing an "HDFC of the future" through Bajaj Housing Finance, ToI reported on September 3. According to the report (by Mayur Shetty), this comes after HDFC's reverse merger with its banking subsidiary...
RCO Finance starts a new revolution in crypto by merging blockchain and artificial intelligence to create wealth.
RCO Finance (RCOF) is revolutionizing crypto trading by integrating artificial intelligence with blockchain technology. By merging these advanced tools, the Ethereum-based project seeks to create a new paradigm for wealth generation. This innovative move places RCO...
Binance Futures to Launch USD-Margined FLUX Perpetual Contract with 75x Leverage
Timothy Morano Sep 03, 2024 06:11 Binance Futures is set to introduce the FLUXUSDT Perpetual Contract with up to 75x leverage, expanding its trading options. Binance Futures has announced the launch of a new...
Companies, banks struggle to implement Trai’s URL whitelisting norms, ET BFSI
MUMBAI: Large enterprises and banks are finding it challenging to register unique, dynamic weblinks and shortened URLs-under the telecom regulator's mandate-which are generated in real-time and cannot be pre-registered on the SMS filtering platform deployed by telecom...
Cboe Europe secures support for launch of Cboe BIDS VWAP-X service
Pan-European stock exchange Cboe Europe announces that it has secured the support of a broad range of participants for Cboe BIDS VWAP-X, its new trading service allowing participants to source and match liquidity at a forward benchmark price. This service is scheduled...
Here’s the full list, ET BFSI
The month of September will have as many as 16 bank holidays as per the list of holidays released by the Reserve Bank of India (RBI). The month will observe festivities like Ganesh Chaturthi, Onam and more.These closures include weekend holidays, national festivals,...
Elon Musk’s Starlink in crosshairs as spat escalates
Jaap Arriens | Nurphoto | Getty ImagesBrazil's telecommunications regulator threatened sanctions against Elon Musk's satellite internet firm Starlink, as a public confrontation with the billionaire escalates over the country's decision to block his social media...
RBI, BFSI News, ET BFSI
MUMBAI: RBI promotes digital technologies for inclusion, cost efficiency, innovation, and improved customer experience, while it intervenes when digital lending raises risks, creates complex structures, or enables aggressive practices such as intrusive data...
Bitfinex to List POL, Native Token of Polygon (MATIC)
Tony Kim Sep 03, 2024 08:38 Bitfinex announces the listing of POL, the native token of Polygon (MATIC), enhancing trading opportunities for users. Bitfinex has announced its plans to list POL, the native token...
India needs to avoid financialization as it marches towards Viksit Bharat goal, says Nageswaran, ET BFSI
Mumbai, India has one of the brightest global economic growth prospects, Chief Economic Advisor (CEA) V Anantha Nageswaran said on Monday as he cautioned against 'financialization', which refers to the dominance of the role of financial markets in public policy, as...
Anne Templeman-Jones to retire from CBA Board
Commonwealth Bank of Australia (CBA) today announced that Anne Templeman-Jones, Independent Non-Executive Director of the CBA Board, has decided not to offer herself for re-election at the 2024 Annual General Meeting (AGM). She will retire from the Board at the...
SK Finance, Belstar Microfinance, Transrail Lighting gets Sebi’s go ahead to float IPOs, ET BFSI
New Delhi, Vehicle finance and business loans-focused non-bank lender SK Finance, Muthoot Finance's microfinance arm Belstar Microfinance and Transrail Lighting have received Sebi's go ahead to float initial public offerings (IPOs), an update with markets regulator...
Fall in Q1 GDP numbers is because of elections code and restricted govt expenditure: RBI Governor, ET BFSI
After the release of the first quarter GDP numbers, RBI Governor Shaktikanta Das on Saturday stated that India's growth story is intact. The governor was speaking at the National CA Conference in Bhubaneswar, Odisha.He also highlighted that the fall in the GDP numbers...
Harris says she opposes U.S. Steel’s sale to Japan’s Nippon Steel
Democratic presidential nominee and U.S. Vice President Kamala Harris reacts as she attends a Labor Day campaign event, at IBEW Local Union #5 in Pittsburgh, Pennsylvania, U.S., September 2, 2024. Elizabeth Frantz | ReutersVice President Kamala Harris used a joint...
MAS bans former rep of RHB Securities for market misconduct offences
The Monetary Authority of Singapore (MAS) today issued a five-year prohibition order (PO) against Mr Chong Yew Mun Alan, a former representative of RHB Securities (Singapore) Pte. Ltd. The order was issued following Mr Chong’s conviction in the State Courts for...
India’s Bajaj Housing Finance targets $7 bln valuation in IPO, ET BFSI
BENGALURU, Sept 3 - India's Bajaj Housing Finance is targeting a valuation of 582.97 billion rupees ($6.94 billion) through its $782 million initial public offering, a term sheet showed on Tuesday.The home loan financing unit of Bajaj Finance has set a price band of...
RBI will have its say whenever digital lending creates risk, BFSI News, ET BFSI
The Reserve Bank of India (RBI) is pushing for digital technologies to boost inclusion, cost efficiency, innovation, and customer experience. However, it steps in when digital lending introduces risks, creates complex structures, or promotes aggressive practices like...
World Bank upgrades India’s FY25 GDP, projects at 7%, BFSI News, ET BFSI
The World Bank announced on Tuesday an upgraded GDP forecast for India, raising it to 7% from an earlier projection of 6.6%, depicting an increase of 40 basis points.This follows the International Monetary Fund's (IMF) recent revision in July, where India’s GDP growth...
FX option expiries for 3 September 10am New York cut
There are a couple to take note of, as highlighted in bold.The first being for EUR/USD at the 1.1050 mark. And that could perhaps limit price action and make things a bit stickier in the session ahead before we get to the US open. Similarly, the one for USD/CAD at the...
India Post Payments Bank disbursed over Rs 45,000 cr in DBT in last 7 years, ET BFSI
New Delhi:India Post Payments Bank (IPPB) has successfully disbursed over Rs 45,000 crore in Direct Benefit Transfers (DBT) to beneficiaries under various government schemes, said the Ministry of Communication while marking IPPB's seventh Foundation Day on...
Netanyahu pushes back against new pressure over Gaza and hostages
Israeli Prime Minister Benjamin Netanyahu on Monday pushed back against a new wave of pressure to reach a cease-fire deal in Gaza after hundreds of thousands of Israelis protested and went on strike and U.S. President Joe Biden said he needed to do more after nearly...
MUFG open to any opportunities it may have in India: Masakazu Osawa, ET BFSI
Mitsubishi UFJ Financial Group (MUFG), Japan's largest mega bank with close to $3 trillion in assets, last week placed its biggest bet in India: It doubled an existing investment with a further commitment of ₹4,712 crore on DMI Finance. Masakazu Osawa, Asia Pacific...
X blocked in Brazil after supreme court panel upholds suspension order
Jaap Arriens | Nurphoto | Getty ImagesA panel of Brazil's federal supreme court justices voted unanimously to uphold orders suspending the use of Elon Musk's social network X nationwide.One justice, Luiz Fux, voted to uphold but expressed "reservations" about a...
Corporate credit picks up in July 2024; personal, vehicle loans drop, ET BFSI
Credit to industry experienced a sharp rise of 10.2% year-on-year (Y-o-Y) in July 2024, up from 4.6% in July 2023, indicating strong economic growth, according to data from the Reserve Bank of India (RBI).Non-food bank credit also saw an increase, growing by 15.1% in...
Who can use it and more, ET BFSI
State Bank of India (SBI) has launched a new design for its FASTag which aims to reduce the travel time for commuters. According to a press release dated August 30, 2024, "The bank has introduced a new design for SBI FASTag in the Vehicle Class (VC-04) category. The...
Fund houses to ask Sebi to cut maturity time for AT-1 bonds, BFSI News, ET BFSI
Mumbai: Mutual funds plan to request the Securities and Exchange Board of India to relax maturity norms for additional tier-1 bonds to encourage fund houses to invest in these relatively high-yielding debt instruments that banks issue to shore up equity capital."The...
UK suspends some arms export licenses to Israel
LIVERPOOL, ENGLAND - SEPTEMBER 27: David Lammy, Shadow Secretary of State for Foreign, Commonwealth and Development Affairs addresses delegates during the Labour Party conference on September 27, 2022 in Liverpool, England The Labour Party hold their annual conference...
Want to open a bank locker? How to choose, eligibility, cost, other details, ET BFSI
A bank locker is a safe place to store valuable items, such as jewellery, important documents and other precious assets. Here’s how one can open a bank locker.Choosing the right bankMost banks offer lockers, but availability may vary. It’s advisable to choose a bank...
Personal loans grow 14% driven by cards & gold, BFSI News, ET BFSI
MUMBAI: Credit card dues have emerged as the fastest-growing segment among sectors that account for over 1% of total bank loans as of July end. Outstanding credit card balances grew 22% year-on-year to nearly Rs 2.8 lakh crore. The fastest growing segment in personal...
FINRA imposes $900k fine on Brex Treasury
Brex Treasury LLC has agreed to pay a fine of $900,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). Brex Treasury primarily relied on an automated identity-verification algorithm that was not reasonably designed to achieve...
FSIB selects Rama Mohan Rao Amara for MD of SBI, BFSI News, ET BFSI
New Delhi, FSIB, the headhunter for directors of state-owned banks and financial institutions, on Monday recommended Rama Mohan Rao Amara for the position of managing director of State Bank of India (SBI). Amara is currently Deputy Managing Director of the bank. He...
Arkham Intelligence Partners with Tennis Star Tommy Paul at the US Open
Iris Coleman Aug 30, 2024 05:03 Arkham Intelligence teams up with top-ranked tennis player and Olympic Bronze Medallist Tommy Paul for the US Open, enhancing sports and crypto collaboration. Arkham Intelligence...
Stephan Engels to retire as Danske Bank CFO
Stephan Engels, who is the Chief Financial Officer and a member of the Executive Leadership Team in Danske Bank, has decided to retire from executive leadership roles. He has decided to announce his retirement early to allow for a good transition of leadership,...
HDFC Bank dominates credit cards market, SBI leads in debit cards in July’24, ET BFSI
India's largest public sector lender, the State Bank of India, remained the front runner in the Debit cards market, holding a whopping 24 per cent market share in July 2024 while in credit cards HDFC Bank maintained the top position with a 21 per cent market share,...
Inflation eases in US and Europe, ET BFSI
(Bloomberg) --Inflation cooled in the US and Europe, setting the stage for policymakers in both regions to lower interest rates in September.On a three-month annualized basis, the Federal Reserve’s preferred measure of underlying US inflation advanced 1.7% in July,...
97.96 pc returned; Rs 7,261 cr worth notes still with public, ET BFSI
Mumbai, The Reserve Bank of India (RBI) on Monday said 97.96 per cent of the Rs 2000 denomination banknotes have returned to the banking system, and only Rs 7,261 crore worth of the withdrawn notes are still with the public. On May 19, 2023, the RBI announced the...
Exclusive: Joseph Dahrieh promoted to MD, Elie Tarabay to head Partnerships at Tickmill MENA
FNG Exclusive… FNG has learned that leading Retail FX and CFDs broker Tickmill is making some management moves in its Dubai office. Tickmill opened a new Dubai office under DFSA Regulation in mid 2023 to serve MENA region clients. Tickmill has promoted Joseph Dahrieh...
HDFC Bank has taken ‘temporary break’ from its Apple iPhone partnership, bank says ‘you can judge the quality of relationship by …’, ET BFSI
HDFC Bank has temporarily suspended its partnership with Apple, citing cost-to-income considerations. The move comes after a five-year collaboration that offered exclusive cashback and EMI benefits to HDFC Bank credit card holders on Apple products.Parag Rao, Group...
Germany’s fragile coalition dealt fresh blow as far-right AfD makes history
German Chancellor Olaf Scholz (R), Finance Minister Christian Lindner (L) and Economy and Climate Action Minister Robert Habeck speak to the media.Sean Gallup | Getty Images News | Getty ImagesThe ruling coalition in Berlin is likely to struggle onward until a...
Binance P2P Introduces Merchant Ambassador Program for Saudi Arabia
Rongchai Wang Sep 02, 2024 01:58 Binance P2P launches its Merchant Ambassador Program in Saudi Arabia, promoting diversity and inclusion within the trading community. Binance P2P has announced the launch of its...
V Anantha Nageswaran, CEA, ET BFSI
New Delhi [India] September 2(ANI): Policy autonomy and managing global capital outflows effectively will safeguard India's growth momentum says V Anantha Nageswaran, Chief Economic Advisor to the Government of India.Addressing the inaugural session on 'Is India's...
LandFX sees Revenues down 27% in slow 2023
FCA licensed Retail FX and CFDs broker LandFX has filed its financial results for 2023, indicating a sharp decline in activity, but still on a very small scale. Revenues at LandFX UK Limited, which operates the Land-FX brand at website land-fx.co.uk, decreased by 27%...
Sachin Seth appointed as Regional Managing Director, India and South Asia at CRIF, ET BFSI
CRIF S.p.A. on Monday announced its newest senior appointment, Sachin Seth as Regional Managing Director, India and South Asia.Sachin will report to Marco Benvenuto, Senior Advisor at CRIF Group. According to the company, he aims to drive growth by utilizing the CRIF...
Harris, Walz use Minnesota progressive overhaul as economic ‘roadmap’
U.S. Vice President and Democratic presidential candidate Kamala Harris and her running mate Minnesota Governor Tim Walz gesture at a campaign rally in Milwaukee, Wisconsin, U.S., August 20, 2024. Kevin Lamarque | ReutersTo understand the economic vision of the...
New Projects Announced on BNB Chain (August 20 – August 31)
Caroline Bishop Sep 02, 2024 02:26 BNB Chain introduces a range of new projects from DeFi to AI and Web3 gaming. Discover the latest additions to the BNB Chain ecosystem. The BNB Chain ecosystem continues to...
PM Modi to visit Singapore as China deepens ties with ASEAN, BFSI News, ET BFSI
New Delhi: Prime Minister Narendra Modi will visit Singapore on September 4-5 at the invitation of Prime Minister Lawrence Wong, with a goal to play a bigger role in the region where China has major influence, stepping up engagement with Southeast Asia after hosting...
eToro signs new sponsorship deal with Bayer 04 Leverkusen
Online broker eToro today announced a new sponsorship deal with German football champions Bayer 04 Leverkusen. The partnership, which will commence in the upcoming season, follows a hugely successful year for the club, having won both the Bundesliga title and DFB...
Personal loan sees 14% growth; cards, gold major factors behind surge, ET BFSI
As of July's end, credit card dues emerged as the fastest-growing sector among those accounting for over 1% of total bank loans, increasing 22% year-on-year to nearly Rs 2.8 lakh crore, ToI reported on September 2. Loans against gold jewellery, however, grew the...
Huawei plans Sept. 10 launch event just hours after Apple iPhone launch
The Huawei flagship store and the Apple flagship store are seen at Nanjing Road Pedestrian Street in Shanghai, China, September 2, 2024. Cfoto | Future Publishing | Getty ImagesHuawei said Monday it plans to hold a product launch event this month just hours after...
The Importance of DAOs in Web3
Decentralized Autonomous Organizations (DAOs) is a groundbreaking concept in Web3 space. The emergence of DAOs has gained high popularity within a short span of time. It basically allows the transition from the traditional decision-making process which is centralized...
Binance Introduces ‘Know Your Scam’ Word of the Day Game with 500,000 Points Pool
Alvin Lang Sep 02, 2024 03:06 Binance launches a new Word of the Day game themed 'Know Your Scam', offering eligible users a share of 500,000 Binance Points. Binance has announced the launch of a new educational...
Binance Offers 2 Million Points in September Missions
Joerg Hiller Sep 02, 2024 03:40 Binance announces September Missions, offering users a chance to share 2,000,000 Binance Points by completing various tasks. Binance has unveiled its September Missions, inviting...
Binance Bahrain to provide services for derivatives products for South African residents
In line with regulatory requirements, Binance Bahrain B.S.C. (c) will become the entity that provides services for derivatives products for South African residents. By doing this, Binance aims to ensure that it continues to comply with its regulatory obligations and...
Wealth Management industry AUM could hit $ 1.8 trillion in next 4-5 years; 360 ONE top pick, ET BFSI
Wealth management in India is experiencing rapid expansion, becoming one of the fastest-growing sectors within the financial services industry.This growth is fuelled by the country's robust economic development and a rising number of ultra-high-net-worth individuals...
Congress’s fresh charge at Sebi chief, ET BFSI
NEW DELHI: The Congress party has accused Sebi chairperson Madhabi Puri Buch of engaging in office for profit, and urged Prime Minister Narendra Modi to provide clarity on her appointment as the head of the cabinet's appointments committee.Addressing a press...
ATFX sees 22% growth in monthly trading volumes during Q2-2024 to $255B
Leading global online broker ATFX has announced that the company achieved total trading volumes of $765.1 billion in Q2-2024 (or $255 billion monthly) on the MT4/MT5 platforms, ranking it among the top five CFDs brokers worldwide. The company said that this milestone...
Bajaj Housing Finance Rs 6,560-crore IPO to open on September 9, ET BFSI
Bajaj Housing Finance is set to float its much-awaited Rs 6,560-crore initial share-sale for public subscription on September 9. The initial public offering (IPO) will conclude on September 11 and the bidding for anchor investors will open for a day on September 6,...
Binance Completes Coin98 (C98) Integration on Viction Network, Enables Deposits and Withdrawals
Iris Coleman Sep 02, 2024 04:15 Binance has finalized the integration of Coin98 (C98) on the Viction network, now allowing deposits and withdrawals, according to Binance. Binance, one of the world's leading...
10 Essential Metrics to Consider Before Expanding Your Small Business » Succeed As Your Own Boss
Expanding a small business is an exciting prospect, but it’s also a significant undertaking that requires careful planning and analysis. Making the leap too soon or without the right information can lead to costly mistakes. Before you decide to expand your business,...
India’s Manufacturing PMI dips to 57.5 in August, output and sales lowest since Jan, ET BFSI
New export orders grew at the weakest pace since the beginning of 2024The seasonally adjusted PMI for August stood at 57.5, down from July's 58.1, the data released by S&P Global showed on Monday.In August 2023, the seasonally adjusted HSBC Index for manufacturing...
Nationwide strikes erupt in Israel amid cease-fire deal protests
Demonstrators lift flags and placards during a protest calling for the release of Israelis held hostage by Palestinian militants in Gaza since October, in Tel Aviv on August 31, 2024, amid the ongoing conflict in the Gaza Strip between Israel and the Palestinian...
Exclusive: Capital.com / IG alum Michael Going joins Britannia for Senior Sales role
FNG Exclusive… FNG has learned that FCA regulated institutional multi-asset brokerage Britannia Financial Group has hired experienced FX industry executive Michael Going, for Senior Global Sales. Michael Going joins Britannia after working for the past two years at...
Bank of India launches new FD tenure, Star Dhan Vriddhi, with higher interest fixed deposit rates, ET BFSI
Bank of India has revised its fixed deposit (FD) interest rates for amounts less than Rs 3 crore and launched a new special fixed deposit tenure with higher interest rates. The revised FD rates are effective from September 1, 2024.Aadhaar free update, new credit card...
Binance Pay Offers Users Up to 2,400,000 BONK in September Promotion
Timothy Morano Sep 02, 2024 04:54 Binance Pay unveils a promotion offering users the chance to win up to 2,400,000 BONK for qualified purchases made this September. Binance Pay has announced an enticing...
ET World Leaders Forum | Bullish on anything that’s internet first within India: Balaji Srinivasan, ET BFSI
Tech investor and author Balaji Srinivasan, who was a venture capitalist at Andreessen Horowitz, said he’s bullish on anything that is internet first within India. “I am moderately optimistic in India and extremely optimistic in Indians,” he said. “I think the Indian...
HK regulator bans former associate director of UBS
The Securities and Futures Commission (SFC) of Hong Kong has banned Mr Charles Lam Chung Yiu, a former associate director of UBS AG, from re-entering the industry for life because his criminal convictions led the SFC to consider him not a fit and proper person to be...
India’s foreign exchange reserves hit record high, BFSI News, ET BFSI
India's foreign exchange reserves reached a new all-time high of $681.688 billion, $7.023 billion more than the previous record of $674.919 billion, according to the latest data released by the Reserve Bank of India's latest data. The forex in 2024 alone increased by...
How ULI can be a game changer for MSME and Agriculture borrowers?, ET BFSI
Representative Image The Reserve Bank of India (RBI) has recently announced that it is set to introduce a new digital platform – Unified Lending Interface (ULI) – poised to do for credit what the Unified Payments Interface (UPI) did for digital payments.RBI Governor...
German far-right party wins its first state election and is very close in a second
A far-right party won a state election for the first time in post-World War II Germany in the country's east on Sunday, and looked set to finish a very close second to mainstream conservatives in a second vote.A new party founded by a prominent leftist also made a...
SFC Releases Guides on Licensing for Visiting and Returning Professionals
Felix Pinkston Sep 02, 2024 05:31 The SFC has issued new guides to inform visiting and returning professionals about pragmatic licensing options in Hong Kong. The Securities and Futures Commission (SFC) has...
Australian Court sentences former Courtenay House director to 11 years of imprisonment
Former Courtenay House director Tony Iervasi has been sentenced in the Supreme Court of NSW to 11 years imprisonment with a non-parole period of seven years for criminal charges relating to the operation of the Courtenay House ponzi scheme. The sentence included a...
Binance to Support Horizen (ZEN) Network Upgrade on September 12, 2024
Caroline Bishop Sep 02, 2024 05:46 Binance announces support for the Horizen (ZEN) network upgrade, temporarily suspending deposits and withdrawals on September 12, 2024. Binance, one of the world’s leading...
MD Girish Kousgi, ET BFSI
Mumbai: Carlyle-backed PNB Housing Finance aims to close FY27 with an affordable category loan book of ₹15,000 crore, the mortgage lender's chief executive told ET, underscoring the role these high-yield exposures would play in driving growth. The category now...
Large offshore investment write-offs trigger RBI alert, BFSI News, ET BFSI
Mumbai: Large write-offs of overseas investments are raising the hackles of the regulator. About half a dozen companies have drawn the Reserve Bank of India's attention in the past few months for significantly-and, sometimes abruptly-reducing the value of their...
how small ticket loans can get affected, ET BFSI
The current times present us several challenges where the term ‘poly-crisis’ has come to represent the intertwined challenges from climate, geopolitics, etc. Amongst all these issues, the issue of climate change is all pervasive and is most likely to impact every...
FX option expiries for 2 September 10am New York cut
There isn't anything major to take note of for today. And that is understandable, given a holiday for North American markets. So, technically the week only really kicks into gear tomorrow.We'll have jobs-related data from the US to work through during the week. So,...
GeForce NOW Expands Library with ‘Visions of Mana’ and More
Felix Pinkston Aug 30, 2024 05:37 GeForce NOW adds 'Visions of Mana', 'Star Wars Outlaws', and 'Call of Duty: Black Ops 6' Open Beta to its cloud gaming library. GeForce NOW, NVIDIA's cloud gaming service, is...
BNB Chain Celebrates 4th Anniversary with Global Community Spotlight
Peter Zhang Aug 30, 2024 06:09 BNB Chain marks its 4th anniversary by celebrating the contributions of its global community, known as Martians, highlighting their efforts in various regions. BNB Chain is set to...
Tulsi Gabbard says Harris ‘hypocrisy’ prime target
Former US President and Republican presidential candidate Donald Trump (L) dances as he leaves the stage after speaking alongside former US Representative Tulsi Gabbard during a town hall meeting in La Crosse, Wisconsin, on August 29, 2024. Kamil Krzaczynski | Afp |...
Enhancing CUDA Efficiency: Key Techniques for Aspiring Developers
Joerg Hiller Aug 30, 2024 06:48 Discover essential techniques to optimize NVIDIA CUDA performance, tailored for new developers, as explained by NVIDIA experts. Optimizing NVIDIA CUDA performance is crucial for...
Germany far-right party could win first state in eastern regional elections
People cast their votes for Germany's Parliamentary (Bundestag) election at a poll station in Berlin, Germany on September 26, 2021.Abdulhamid Hosbas | Anadolu Agency via Getty ImagesGermans were voting in two eastern states on Sunday, with the far-right AfD on track...
Binance Launches Convert & Earn Campaign with USDC Rewards
Rebeca Moen Aug 30, 2024 07:15 Binance announces a new campaign allowing users to earn USDC rewards by converting digital assets through Binance Pay. Binance has unveiled an exciting new campaign that offers...
Startup Revolutionizes Retrieval-Augmented Generation for Enterprises with RAG 2.0
Joerg Hiller Aug 30, 2024 08:36 Contextual AI's RAG 2.0 platform offers 10x better parameter accuracy and performance, enhancing enterprise solutions by integrating real-time data retrieval. Contextual AI, a...
Chainalysis Report Reveals Surge in China-Based CSAM Networks and Crypto Scams in 2024
Caroline Bishop Aug 30, 2024 09:27 Chainalysis' mid-year update highlights a rise in China-based CSAM networks and evolving crypto scams, including the notorious pig butchering schemes. According to Chainalysis'...
Binance Unveils Dual Investment Quiz with BTC Rewards
Luisa Crawford Aug 30, 2024 09:44 Binance introduces a Dual Investment Quiz, offering users a chance to win a BTC trial subscription. The promotion runs from August 29 to September 11, 2024. Binance has...
Artfi Leverages Sui Blockchain to Democratize Blue-chip Art Investments
Rebeca Moen Aug 30, 2024 12:09 Artfi uses Sui's dynamic NFT technology to fractionalize high-end artworks, making blue-chip art investments accessible to a wider audience. Artfi, a company aiming to democratize...
SEC Targets OpenSea: Are NFTs Collectibles or Securities?
Rebeca Moen Sep 01, 2024 13:11 The SEC issues a Wells Notice to OpenSea, questioning the classification of certain NFTs as securities, potentially impacting the entire NFT market. The U.S. Securities and...
Speculator bets led by Russell 2000 & Nasdaq :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday August 27th and shows a quick view of how large traders...
VanEck Launches First-Ever Fabless Semiconductor ETF (SMHX)
Rebeca Moen Aug 30, 2024 14:18 VanEck introduces the Fabless Semiconductor ETF (SMHX), offering investors strategic exposure to the rapidly growing fabless semiconductor sector. The demand for semiconductors is...
NBC Olympics 2024 playbook has so far paid off
Mike Tirico is seen on the set of NBCUniversal Paris 2024 Olympics coverage on August 04, 2024 in Paris, France. Kristy Sparow | Getty ImagesComcast's NBCUniversal has a longstanding bet on the Olympics, but this summer the company threw all of its resources at the...
Exclusive: OneRoyal hires HYCM exec Dominic Poynter as CMO
FNG Exclusive… FNG has learned that Cyprus, Australia, and Lebanon based Retail FX and CFDs broker OneRoyal has hired Limassol-based experienced industry marketing executive Dominic Poynter as its new Chief Marketing Officer (CMO). Dominic’s hiring effectively fills...
Inside Epic Systems’ mythical campus, a world away from Wall Street
A sign that reads "Epic Intergalactic Headquarters" on campus.Epic SystemsDorothy Gale was right — the Land of Oz is not in Kansas. Rather, it's nestled within the rolling green fields of Verona, Wisconsin, a town of nearly 16,400 people located about 10 miles...
Binance Margin Introduces New Trading Pairs on Cross and Isolated Margin
Tony Kim Aug 30, 2024 15:19 Binance Margin has announced the addition of new trading pairs on both Cross and Isolated Margin, enhancing trading options for users. Binance Margin has expanded its trading options...
Speculator bets led by Sugar & 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 August 27th and shows a quick view of how large...
Restaurant chains that filed for bankruptcy this year
The Red Lobster logo is displayed outside of a closed restaurant in Torrance, California, on May 14, 2024.Patrick T. Fallon | Afp | Getty ImagesRestaurant bankruptcy filings have surged so far this year, echoing a broader rise in corporate bankruptcies across...
Exploring Opportunities in Fabless Semiconductor Market Beyond Nvidia
Jessie A Ellis Aug 30, 2024 16:15 Investors are urged to diversify into the broader fabless semiconductor market to mitigate risk and seize opportunities beyond Nvidia, as competition intensifies. As competition...
Binance Launches FDUSD Locked Products with 15.9% Fixed APR
Alvin Lang Aug 30, 2024 17:32 Binance introduces FDUSD Locked Products offering a 15.9% fixed APR during a limited promotion period, enhancing user earning potential. Binance has announced a promotional offer...
Speculator bets led by SOFR 3-Months, 2-Year & 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 August 27th and shows a quick view of how large...
Speculator bets led higher by Gold, Silver & Platinum :: 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 August 27th and shows a quick view of how large traders...
Hong Kong Monetary Authority Reports 0.6% Increase in Total Deposits for July 2024
Ted Hisokawa Aug 30, 2024 18:54 The Hong Kong Monetary Authority reported a 0.6% increase in total deposits in July 2024, with notable changes in various deposit categories. According to statistics published by...
FX week in review: LCG for sale, iSAM expands APAC, more broker results
What has led to FCA regulated Retail FX and CFDs broker London Capital Group (or, LCG) being put up for sale? Which senior executives has London based prime-of-prime broker and liquidity solutions provider iSAM Securities hired in Asia, in a strategic move to head up...
TEAL Introduces Training-Free Activation Sparsity to Boost LLM Efficiency
Zach Anderson Sep 01, 2024 08:34 TEAL offers a training-free approach to activation sparsity, significantly enhancing the efficiency of large language models (LLMs) with minimal degradation. TEAL (Training-Free...
Yen, Gold & Brazil Real lead Bullish & Bearish Positions :: InvestMacro
By InvestMacroThe latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on August 27th.This weekly Extreme Positions report highlights the Most Bullish and Most Bearish...
241077321725138912
241077321725138912The post 241077321725138912 first appeared on BTC Wires.
Apple and Google wallets want to make hotel room key card obsolete
Many hotel chains are racing to replace the plastic room key with digital options, including Apple Wallet and Google Wallet apps. Plastic hotel key cards have had a rough few years. During the pandemic, touch was taboo, so touchless trends accelerated. And...
Binance Integrates Self Chain (SLF) into Multiple Services
Zach Anderson Aug 30, 2024 19:14 Binance has added Self Chain (SLF) to its Earn, Buy Crypto, Convert, and Margin services, expanding the token's accessibility. Binance, one of the leading cryptocurrency...
Currency Speculators sharply boost Canadian Dollar and Euro bets :: 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 August 27th and shows a quick view of how large market...
HKMC Releases Social Bonds Allocation Update and Impact Report 2024
Iris Coleman Aug 30, 2024 20:09 The Hong Kong Mortgage Corporation Limited (HKMC) has published its Social Bonds Allocation Update and Impact Report 2024, detailing the allocation and social impact of bonds issued in 2022 and...
241077321725138912
241077321725138912The post 241077321725138912 first appeared on BTC Wires.
BitMEX Announces Upcoming Changes to Trading Parameters Effective September 2024
James Ding Aug 30, 2024 20:43 BitMEX will implement changes to minimum price increments, lot size, base initial margin, and maintenance margin of several contracts on September 6, 2024. According to a recent...
Trump ‘disrespected’ Arlington cemetery for ‘political stunt’
U.S. Vice President Kamala Harris and Republican presidential nominee and former U.S. President Donald Trump.Brendan Mcdermid | Elizabeth Frantz | ReutersVice President Kamala Harris on Saturday skewered former President Donald Trump for filming at the Arlington...
BounceBit Unveils V2 Upgrade with Advanced CeDeFi and BounceClub Features
Felix Pinkston Aug 30, 2024 21:02 BounceBit announces V2 upgrade, enhancing CeDeFi and BounceClub ecosystems with new features and improved user experience. BounceBit has officially announced the release of...
BNB Chain Celebrates 4th Anniversary with Ecosystem Catalyst Awards Voting
Joerg Hiller Aug 30, 2024 21:34 BNB Chain launches voting for its 4th Anniversary Ecosystem Catalyst Awards, recognizing innovative projects in various categories. Voting runs from September 2 to September 9. As...
Binance Completes Frontier (FRONT) Token Swap and Rebrands to Self Chain (SLF)
Rongchai Wang Aug 30, 2024 22:08 Binance has finalized the Frontier (FRONT) token swap and rebranding to Self Chain (SLF). Deposits, withdrawals, and spot trading for SLF tokens are now available. Binance, one...
HKMA Issues Warning on Fraudulent Websites Related to DBS Bank (Hong Kong) Limited
Jessie A Ellis Aug 30, 2024 22:34 The Hong Kong Monetary Authority alerts the public about fraudulent websites linked to DBS Bank (Hong Kong) Limited and provides safety guidelines. The Hong Kong Monetary...
Blockchain Poised to Modernize Payment Solutions
James Ding Aug 30, 2024 22:54 Blockchain technology is set to revolutionize the payment industry by offering faster, cheaper, and more efficient solutions for cross-border transactions, according to BinanceResearch. ...
SEC’s Wells Notice to OpenSea Sparks Debate Over NFTs as Securities
Ted Hisokawa Aug 30, 2024 23:15 The SEC's Wells Notice to OpenSea raises questions about whether NFTs should be classified as securities, potentially impacting the future of digital art and collectibles. The...
Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’
Aug 31, 2024 13:35 UTC | Updated: Aug 31, 2024 at 13:35 UTC By Clark Fueled by its recent addition into Binance Future’s perpetual contracts, Popcat (POPCAT), one of Solana’s rising meme coins, has just secured a 96% week-long growth in value....
opBNB Achieves 10K TPS with 200M Block Gas Limit Enhancement
Zach Anderson Aug 30, 2024 23:55 opBNB doubles its throughput capacity to 10,000 TPS by increasing the block gas limit to 200M/s, revolutionizing transaction speed and efficiency. opBNB, a Layer 2 scaling...
Indian banks’ body to seek easing of proposed norms for retail deposits, sources say, ET BFSI
The Indian Banks' Association is likely to ask the central bank to reduce the amount of additional funds lenders will need to set aside against some retail deposits and also seek a delayed and gradual implementation of the proposal, seven sources told Reuters.The...
A look at the behind-the-scenes business of Hollywood studio lot tours
The Hollywood sign is viewed during a clearing storm.Mario Tama | Getty Images News | Getty ImagesFor over 100 years, Hollywood has transported audiences to worlds outside their own, from the slick streets of New York City to the yellow bricks of Oz. Hundreds of acres...
Ethereum Foundation Releases Q2 2024 ESP Allocation Update
Caroline Bishop Aug 31, 2024 00:29 The Ethereum Foundation has announced its allocation updates for Q2 2024, focusing on community and education initiatives worldwide. The Ethereum Foundation has unveiled its...
Deposit and lending rates rise sequentially in July, BFSI News, ET BFSI
In a likely impact of the nudge given by RBI to banks to focus on deposit growth, both deposit and lending rates increased sequentially in July according to the latest data on lending and deposit rates of commercial banks released by the Reserve Bank of India. The...
Cannabis industry targets luxury consumers in New York
The Travel Agency on Fifth Avenue in New York Cityis an adult-use recreational marijuana dispensary.Courtesy: The Travel AgencyCannabis consumption has turned a corner — and now it's on Fifth Avenue.Shoppers walking along the iconic New York stretch of retailers can...
NVIDIA RAPIDS AI Revolutionizes Predictive Maintenance in Manufacturing
Ted Hisokawa Aug 31, 2024 00:55 NVIDIA's RAPIDS AI enhances predictive maintenance in manufacturing, reducing downtime and operational costs through advanced data analytics. The International Society of...
Retail, services loans slow as RBI measures make banks cautious, ET BFSI
The impact of Reserve Bank's regulatory measures cautioning and restricting banks on loans to NBFCs and unsecured lending is seen on lending patterns of commercial banks.While loans to services and retail which were holding on to the banking sector's loan book are...
NVIDIA Introduces Fast Inversion Technique for Real-Time Image Editing
Terrill Dicki Aug 31, 2024 01:25 NVIDIA's new Regularized Newton-Raphson Inversion (RNRI) method offers rapid and accurate real-time image editing based on text prompts. NVIDIA has unveiled an innovative method...
AMD Radeon PRO GPUs and ROCm Software Expand LLM Inference Capabilities
Felix Pinkston Aug 31, 2024 01:52 AMD's Radeon PRO GPUs and ROCm software enable small enterprises to leverage advanced AI tools, including Meta's Llama models, for various business applications. AMD has...
RBI imposes Rs 2.68 cr penalty on UCO Bank, BFSI News, ET BFSI
Reserve Bank of India on Friday said it has imposed a penalty of Rs 2.68 crore on UCO Bank for contravention of certain provisions, including on opening of current accounts, interest rate on deposits and frauds classification. The RBI has also imposed a penalty of Rs...
Axis chief aims at ultra personalisation, ET BFSI
"We want each customer to feel like they are the only one we’re serving. Personalisation is the key to achieving this vision. Axis Bank has invested heavily in technology, with 15 AI pilots currently running,” stated Amitabh Chaudhry, CEO, Axis Bank.These are...
Exploring the Future of Real World Assets in DeFi
Darius Baruo Aug 31, 2024 02:13 Tokenizing real world assets is transforming traditional finance by integrating physical assets into DeFi ecosystems, enhancing accessibility and efficiency. The tokenization of...
India’s GDP growth rate for Q1 FY25 at 6.7% surpasses decadal average: SBI, ET BFSI
NEW DELHI: The State Bank of India (SBI) recently reported that India's GDP growth moderation for the first quarter (Q1) of the financial year 2024-25 (FY25) surpasses the average decadal growth of 6.4 per cent for Q1."Though the growth for Q1 has reduced to 6.7 per...
Mastercard launches payment passkey service in India, enhancing online payment security, ET BFSI
Mastercard has made the global debut of its Payment Passkey Service, a pioneering solution designed to enhance the security and convenience of online shopping, in India. The service was unveiled at the Global Fintech Fest in Mumbai and is being piloted with major...
Filecoin (FIL) and Storacha Enhance Decentralized Hot Storage Solutions
Zach Anderson Aug 31, 2024 03:18 Storacha partners with Filecoin (FIL) to revolutionize decentralized hot storage using Proof of Data Possession (PDP), ensuring secure, accessible data with top-tier availability and durability. ...
PE-VC investments reach around $20 billion till Aug CY2024, BFSI News, ET BFSI
CHENNAI: With 579 deals, India's private equity-venture capital (PE-VC) investments reached nearly $20 billion between Jan and Aug this year (CY2024). However, it is less by $4 billion when compared with the corresponding eight-month period of CY2023 at $24...
Brazil’s top court orders nationwide suspension of Elon Musk’s X
Jaque Silva | SOPA Images | Lightrocket | Getty ImagesBrazil's supreme court on Friday ordered a nationwide suspension of Elon Musk's social network X after the company vowed to defy earlier court orders concerning content moderation and the appointment of a legal...
Clash Releases New Single ‘luv’ on August 30
Alvin Lang Aug 31, 2024 03:58 The musical artist Clash is set to release a new single titled 'luv' on August 30, according to Gala News. The musical artist Clash is set to make a return with a new single titled...
Nigerian Artist JIRE Debuts on Gala Music with ‘Call God’
Rebeca Moen Aug 31, 2024 04:39 Nigerian Afrobeat artist JIRE makes his debut on Gala Music with the single 'Call God,' featuring a $MUSIC reward-enabled NFT. Nigerian Afrobeat sensation JIRE has officially made...
Jio Financial to launch home loans soon, BFSI News, ET BFSI
Jio Financial Limited (JFL), the financial services arm of Reliance Industries Ltd., is in the final stages of launching its home loan products, currently being rolled out in beta mode, according to the company's management at its first annual general meeting...
Amazon checkout process hits technical snag during Labor Day sale
A worker prepares packages at an Amazon same-day delivery fulfillment center on Prime Day in the Bronx borough of New York, US, on Tuesday, July 16, 2024. Amazon.com Inc.'s Prime Day sales rose about 13% in the first six hours of the event compared with the same...
FDA authorizes Novavax Covid vaccine targeting JN.1
A vial labelled "Novavax V COVID-19 Vaccine" is seen in this illustration taken January 16, 2022. Dado Ruvic | ReutersThe Food and Drug Administration authorized Novavax's updated protein-based Covid vaccine for emergency use in people ages 12 and up on Friday, paving...
Trump government cuts could cost House Republicans majority
WASHINGTON — For nearly a decade, former president Donald Trump has rallied voters around a cry to cut the size of the federal government and "drain the swamp."But now one Republican running in a key House race is trying to distance himself from the proposed cuts, and...
HKMA Imposes Penalty on WeChat Pay Hong Kong for AML Failures
Lawrence Jengar Aug 30, 2024 19:43 The Hong Kong Monetary Authority has fined WeChat Pay Hong Kong Limited HK$875,000 for contravening anti-money laundering regulations. The Hong Kong Monetary Authority (HKMA)...
HKMA Reports July 2024 Residential Mortgage Survey Results
Luisa Crawford Aug 30, 2024 18:22 The Hong Kong Monetary Authority (HKMA) reports a 0.7% increase in mortgage applications for July 2024, along with significant trends in mortgage loans and delinquency ratios. ...
Vance grilled on how to pay for it
Republican Vice Presidential candidate Sen. JD Vance (R-OH) speaks at a campaign rally at VFW Post 92 on August 15, 2024 in New Kensington, Pennsylvania. Jeff Swensen | Getty ImagesRepublican presidential running mate Sen. JD Vance offered few specifics when grilled...
BitMEX Announces Scheduled Downtime for Options Trading on September 1
Iris Coleman Aug 30, 2024 17:50 BitMEX has announced a scheduled downtime for options trading on September 1, 2024, from 03:00 UTC to 05:00 UTC. BitMEX has announced a scheduled downtime for its options trading...
Binance to Support Cardano (ADA) Network Upgrade and Hard Fork
Timothy Morano Aug 30, 2024 17:10 Binance announces support for the upcoming Cardano (ADA) network upgrade and hard fork, temporarily suspending deposits and withdrawals. Binance, one of the leading...
Binance Launches EURI Simple Earn Products Offering Up to 7% APR
Zach Anderson Aug 30, 2024 16:36 Binance introduces EURI Simple Earn Flexible Products with up to 7% APR. Promotion runs from August 30 to September 12, 2024. Binance has announced the launch of a new...
FCA warns public against dealing with clone of IC Markets
The UK Financial Conduct Authority (FCA) has issued a warning against a clone of Forex broker IC Markets. Clones are fraudulent entities that abuse data of authorised firms (addresses, logos, names, etc). Despite the resemblance, clones have nothing to do with the...
SBI introduces 3 new offerings to ease payments for commuters, ET BFSI
The State Bank of India (SBI) on Friday introduced three new offerings targeting the daily commuters.These include the MTS RuPay NCMC prepaid card, which provides an offline payment solution; the One View mobile app, a one-stop solution to manage all SBI NCMC prepaid...
VanEck’s Green Bond ETF (GRNB): A Comprehensive Overview
Timothy Morano Aug 30, 2024 15:34 VanEck's Green Bond ETF (GRNB) focuses on sustainable investments in renewable energy and clean transportation projects. Discover its benefits and risks. VanEck's Green Bond ETF...
AUD/USD Poised for Potential Rise Amid RBA’s Cautious Stance :: InvestMacro
By RoboForex Analytical DepartmentThe AUD/USD pair shows signs of potential resurgence as it trades near 0.6802, consolidating within a sideways range at its local peaks towards the end of August. The Australian dollar has appreciated by almost 4% over the month,...
RBI data, BFSI News, ET BFSI
Mumbai, Bank credit to industry strengthened significantly at 10.2 per cent in July 2024 compared with 4.6 per cent in the year-ago month, the Reserve Bank said on Friday. Credit to agriculture and allied activities remained robust, registering a growth of 18.1 per...
Tradition reports rise in H1 2024 revenues, profit
Compagnie Financière Tradition SA, an interdealer broker in over-the-counter financial and commodity related products, today posted its financial report for the first six months of 2024. Compagnie Financière Tradition continued to grow at a solid pace throughout the...
Fabless Chip Designers Revolutionizing the Semiconductor Industry
Felix Pinkston Aug 30, 2024 14:51 Fabless semiconductor companies focus on design and innovation, offering agility and scalability in a competitive market. Discover their impact on the industry. Fabless...
US jobs report to spark market frenzy again? :: InvestMacro
Economists predict August jobless rate will ease back down to 4.2%Lowered recession risks should mean slower Fed rate cutsSturdier jobs market could boost gold, US stock indexes to new record highsRepeat of manic volatility from July NFP could deliver massive trading...
Retail, services loans slow as RBI measures make banks cautious, ET BFSI
The impact of Reserve Bank's regulatory measures cautioning and restricting banks on loans to NBFCs and unsecured lending is seen on lending patterns of commercial banks.While loans to services and retail which were holding on to the banking sector's loan book are...
Axis Bank, Indian Bank eye infra bond route for fund-raise next month, ET BFSI
Axis Bank and Indian Bank are likely to raise funds worth up to Rs 9,000 crore through the sale of infrastructure bonds next month, as lenders continue to rely on debt issuances to mobilise funds amid a slower pace of deposit growth than credit growth.Private sector...
Indian economy grew 6.7% in April-June quarter, lower than RBI’s 7.1% forecast, ET BFSI
New Delhi [India], August 30 (ANI): The Indian economy grew by 6.7 per cent in real terms in the April-June quarter of the current financial year 2024-25, Ministry of Statistics and Programme Implementation's official data showed on Friday.Last year same quarter,...
Bohr Hard Fork Elevates BNB Smart Chain with Enhanced Efficiency and Scalability
Alvin Lang Aug 30, 2024 13:25 The Bohr hard fork, scheduled for mainnet on September 26, brings significant upgrades to BNB Smart Chain, including BEP 341 for consecutive block production. BNB Chain has...
Gala Games Unveils Carol Hero Card Sale and Upcoming September Updates
Rongchai Wang Aug 30, 2024 14:00 Gala Games announces the Carol Hero Card sale and reveals September updates for The Walking Dead: Empires, including new features and event changes. Gala Games has announced an...
RBI imposes Rs 2.68 cr on UCO Bank, BFSI News, ET BFSI
Mumbai, Reserve Bank of India on Friday said it has imposed a penalty of Rs 2.68 crore on UCO Bank for contravention of certain provisions, including on opening of current accounts, interest rate on deposits and frauds classification. The RBI has also imposed a...
Match-Trader platform August updates include Live Chat integration, TON Blockchain support
Multi-asset trading platform provider Match-Trade Technologies has introduced a series of impactful updates to its Match-Trader platform during the month of August 2024, which the company said are designed to enhance the user experience and boost operational...
Ulta earnings Q2 2024
Ulta Beauty shares sank 7% in extended trading Thursday as the company fell short of second-quarter expectations and trimmed its full-year guidance after a decline in same-store sales during the most recent period.It was the company's first earnings per share miss...
Wage growth in the Eurozone is slowing. US GDP growth did not help the broad market to close in plus :: InvestMacro
By JustMarketsAt Thursday’s close, the Dow Jones Index (US30) was up 0.59%, while the S&P 500 Index (US500) closed at its opening price. The NASDAQ Technology Index (US100) closed negative 0.23%. The Dow Jones (US30) rose on signs that the economy continues to...
Arkham Intelligence Introduces ‘First Funders’ Feature for Enhanced Wallet Analysis
Lawrence Jengar Aug 30, 2024 12:47 Arkham Intelligence's new 'First Funders' feature reveals the original funding source for EVM Non-Contract Accounts, aiding in wallet analysis and tracking. Arkham Intelligence...
Are banks open or closed this Saturday, August 31st?, ET BFSI
Banks in India are closed on the second and fourth Saturdays of the month, as well as on Sundays and other regional and national holidays, per the guidelines set by the Reserve Bank of India (RBI).Saturday, August 31st: Are banks open on the fifth Saturday of the...
Where are low-cost airlines cutting back now? New planes
JetBlue Airways, Spirit Airlines and United Airlines airplanes proceed to gates after landing at Newark Liberty International Airport in Newark, New Jersey on May 30, 2024.Gary Hershorn | Corbis News | Getty ImagesAirlines that spent years clamoring for new jets are...
How Google, Microsoft and Amazon are raiding AI startups for talent
Microsoft, Google and Amazon along with other tech companies have been getting creative in how they're poaching talent from top artificial intelligence startups.Earlier this month, Google signed an unusual deal with Character.ai to hire away its prominent founder and...
Admirals Group sees Revenues recover 10% in H1-2024, loss cut to €1.2M
Following three (semi-annual) periods of continuous decline, Estonia based Retail FX and CFDs broker Admirals Group AS has released its unaudited results for the first half of 2024, indicating a 10% rise in Revenues, and a reduced Net Loss from what the company saw in...
The scramble for India’s retail investor, ET BFSI
India's largest lender, SBI, hopes that the stock market, which has been in a long bull run, corrects. SBI managing director Ashwini Tewari on Wednesday said a correction in the equity markets "over time" can help banks get back the deposits they have ceded. "As the...
Lululemon (LULU) earnings Q2 2024
Lululemon lowered its guidance and posted its first revenue miss in more than two years on Thursday after it botched a highly anticipated product launch and growth slowed in the Americas. The company now expects full-year net revenue to be between $10.38 billion and...
Binance Launches ‘Learn & Earn’ Program Offering APT Rewards for Completing Courses
Rongchai Wang Aug 30, 2024 11:47 Binance introduces a new 'Learn & Earn' program, rewarding verified new users with Aptos (APT) tokens for completing blockchain courses and quizzes. Binance has announced the...
TOCOM approves MUFG Bank as broker member
Tokyo Commodity Exchange, Inc. (TOCOM) has today approved MUFG Bank, Ltd. as a TOCOM Broker Member. MUFG Bank has also been approved by Japan Securities Clearing Corporation (JSCC) for an Energy Futures Clearing Qualification on the same date. MUFG Bank will be the...
Icra, BFSI News, ET BFSI
Liquidity coverage ratio (LCR) of banks is set to decline as the share of wholesale deposits is set to rise with the relative share of retail deposits declining. This will require banks to deploy deposits in high quality liquid assets (HQLA) than credit which could...
Alibaba shares jump as it completes three-year regulatory overhaul
The Alibaba office building is seen in Nanjing, Jiangsu province, China, Aug 28, 2024. CFOTO | Future Publishing | Getty ImagesAlibaba has completed a three-year regulatory "rectification" process following an antitrust fine it received on charges of monopolistic...
ElevenLabs Unveils AI-Generated Sound Effects Library
Peter Zhang Aug 30, 2024 11:17 ElevenLabs has launched a community library of AI-generated sound effects, featuring 38 categories for users to explore. ElevenLabs has announced the launch of its new community...
BNB Chain and SingularityNET (AGIX) Forge Alliance to Transform Decentralized Data Economy
Lawrence Jengar Aug 30, 2024 10:38 BNB Chain and SingularityNET (AGIX) Foundation announce a strategic partnership to enhance decentralized storage and AI integration. In a significant development for the...
Cboe to acquire 14.8% stake in Japannext Co
Japannext Co., Ltd., a provider of financial services and market solutions focused on operating an alternative market, has announced that Cboe Global Markets has agreed with SBI Holdings Inc. (SBI) to acquire a minority equity ownership stake in the company through a...
How does FedNow, the US payment system, compare with India’s UPI?, ET BFSI
While India's Unified Payments Interface (UPI) is the foremost payment system in the world, the US FedNow is a relatively new system. Both aim to modernize financial transactions, but their approaches and technologies reflect the distinct needs and infrastructures of...
FX Back Office names Nicole Demosthenous as COO
Limassol, Cyprus based CRM and partnership solutions provider for brokers, FX Back Office, has announced that the company has promoted Nicole Demosthenous to the position of Chief Operating Officer (COO). Nicole Demosthenous has been with FX Back Office since 2020,...
Cord cutters getting political ad blitz as campaigns flood Roku, Hulu
Vice President Kamala Harris, left, and former President Donald TrumpReutersConsumers who cut their cable cord in recent years are finding that there's one thing about linear TV they can't escape: political ads.With the U.S. presidential election less than 70 days...
Union Bank report, ET BFSI
Liquidity in the Indian banking system has seen a significant decline this month says a research report by the Union Bank of India. It says the banking liquidity has fallen to Rs 0.95 lakh crore as on 28th August from a peak of Rs 2.86 lakh crore.The report highlights...
Comprehensive Guide to Speech-to-Text Technology
Terrill Dicki Aug 30, 2024 10:01 Explore the complete guide to speech-to-text technology, including what it is, how it works, types of engines, benefits, and applications. Speech-to-text technology, also known...
Trump VP pick JD Vance urges Peter Thiel to back campaign: Report
Republican vice presidential nominee, U.S. Sen. J.D. Vance (R-OH) speaks at a rally at trucking company, Team Hardinger on August 28, 2024 in Erie, Pennsylvania. Jeff Swensen | Getty ImagesDonald Trump's presidential running mate JD Vance is urging Silicon Valley...
Dell earnings report Q2 2025
Michael Dell at the Allen & Company Sun Valley Conference on July 12, 2024 in Sun Valley, Idaho. David Grogan | CNBC Dell reported quarterly results on Thursday that beat Wall Street expectations, powered by an 80% increase in server sales. The stock rose more...
Lubna Olayan and Marty Flanagan join HKEX’s International Advisory Council
Hong Kong Exchanges and Clearing Limited (HKEX) today announced the appointment of Lubna Olayan, Chair of the Executive Committee of Olayan Financing Company and Saudi Awwal Bank (SAB), and Marty Flanagan, Chairman Emeritus of Invesco Ltd., to HKEX’s International...
MFIs record 22.8% spike in AUM, East & North-East dominate geographically, ET BFSI
Representational imageThe Non-Banking Financial Company-Microfinance Institution (NBFC-MFIs) have witnessed 16.4% spike in the number of client to 4 crore as on 30 June, 2024 as compared to the last year, the MFIN Micrometer said. The Asset Under Management (AUM) of...
MongoDB (MDB) Q2 earnings report 2025
Dev Ittycheria, CEO, MongoDB.Scott Mlyn | CNBCMongoDB shares jumped as much as 16% in extended trading on Thursday after the database software maker reported healthy fiscal second-quarter earnings and pushed up full-year guidance.Here's how the company did against...
Smart Ways Students Are Leveraging AI to Enhance Learning
Iris Coleman Aug 30, 2024 09:04 Explore how students are using AI to enhance learning, with insights from parents and teachers on responsible AI usage. As artificial intelligence (AI) continues to evolve,...
Elon Musk attacks Brazil’s top judge as X faces ban, Starlink finances frozen
Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X looks on during the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024. David Swanson | ReutersTesla, SpaceX and X Corp. leader...
Place Trade Financial fined for exaggerated and misleading statements on its website
Place Trade Financial has agreed to a fine of $10,000 and a censure as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). In October 2020, FINRA warned the firm that certain communications on its website regarding the firm’s services did...
Judge rules against Media Matters’ request to dismiss lawsuit by X
The Twitter logo is displayed on a smartphone screen and on a computer screen in Athens, Greece, on April 20, 2024. Nurphoto | Nurphoto | Getty ImagesA federal judge in Texas has ruled against Media Matters and its request to dismiss a lawsuit filed by Elon Musk's...
A closer look at India’s deposit-credit growth gap. Is RBI to blame?, ET BFSI
It's been the third year running that deposit growth in India has lagged in credit growth. As of July, deposit growth has been 10.5%, while credit growth is over 13%. Deposit pricing has remained stickily high for banks but not high enough on a tax-adjusted basis for...
Fiat Currency vs Cryptocurrency: Key Differences
Money is an important requirement for functioning of the society through financial transactions. It is also one of the collectively recognized stores of value all over the world. Some societies used livestock as money and then gradually evolved to cowrie shells,...
RBI likely to issue final project finance guidelines in 2-3 months, ET BFSI
The Reserve Bank of India (RBI) is likely to issue final guidelines in two to three months on provisioning and accounting norms for project finance, said a senior official from the central bank.The banking regulator is also in the advanced stage of discussion for...
Intel working with bankers to present board with strategic options
Pat Gelsinger, CEO Intel, speaking on CNBC's Squawk Box at the WEF Annual Meeting in Davos, Switzerland on Jan. 16th, 2024. Adam Galici | CNBCIntel executives are working with multiple advisors to formulate options to address its flagging business, according to a...
Harris defends border record, rips Trump for killing bipartisan bill
Democratic presidential nominee Kamala Harris in a new interview Thursday defended her vice presidential record on immigration and blamed her Republican rival Donald Trump for killing a bipartisan bill aimed to address the U.S.-Mexico border.Harris said her work to...
clicOH Boosts Last-Mile Delivery Efficiency 20x with NVIDIA cuOpt
Zach Anderson Aug 30, 2024 07:45 clicOH leverages NVIDIA cuOpt to achieve 20x improvement in last-mile delivery efficiency, addressing the vehicle routing problem with advanced AI and machine learning. Driven by...
Dukascopy Revenues plummet 38% in H1-2024 as broker posts CHF 3.1M operating loss
Things have gone from bad to worse at Geneva based Retail FX and CFDs broker Dukascopy Bank SA, with the company continuing to see its Revenues decline in the first half of 2024, and Dukascopy posting its first Operating Loss since 2018. Revenues at Dukascopy fell by...
HKMA Hosts Second Financial Leadership Training Program with AMRO and ADBI
Terrill Dicki Aug 30, 2024 08:07 The HKMA, AMRO, and ADBI held their second Financial Leadership Training Program in Hong Kong, focusing on macroeconomic stability, green finance, and fintech. The Hong Kong...
In India, banking access extended to population equalling EU: PM Modi, ET BFSI
Prime Minister Narendra Modi on Friday highlighted the development posted by the Indian banking sector and said there was a time when in rural areas it used to take more than a day to access a banking service. “In the past decade, we’ve connected a population the size...
LGBTQ persons can open joint bank accounts, nominate partners as beneficiaries, ET BFSI
NEW DELHI: Union finance ministry issued an advisory on Wednesday, August 28, clarifying that persons from the LGBTQ community face no restrictions in opening joint bank accounts or nominating their partners as beneficiaries. "This is to clarify that there are no...
RBI cautions public, lists ways fraudsters scam victim using the regulator’s name, ET BFSI
The Reserve Bank of India has said that unscrupulous elements are using various methods to defraud members of the public by using the name of RBI in some capacity and listed a various modus operandi employed by such fraudstersEnticing tacticsThe RBI said fraudsters...
RCO Finance (RCOF) Increases Win Rate for Dogecoin and Shiba Inu Traders, This is How
RCO Finance (RCOF) has unveiled new strategies to enhance the trading outcomes for Dogecoin (DOGE) and Shiba Inu (SHIB) traders, immensely increasing their win rates. RCO Finance provides traders with more precise market insights by leveraging an advanced AI-powered...
China’s drivers fret about robotaxi push. Experts say there will be new jobs
TOPSHOT - The photo taken on August 1, 2024 shows a general view of the driver's seat and controls of a driverless robotaxi autonomous vehicle developed as part of tech giant Baidu's Apollo Go self-driving project, in Wuhan, in central China's Hubei province. Turning...
Binance Lists Eurite (EURI) on Convert and ‘Buy Crypto’
Rebeca Moen Aug 29, 2024 03:31 Binance has added Eurite (EURI) to its Convert and 'Buy Crypto' platforms, enabling trading against BTC, USDT, and other tokens with zero fees. Binance, a leading cryptocurrency...
OpenAI and Anthropic agree to let U.S. AI Safety Institute test models
Jakub Porzycki | Nurphoto | Getty ImagesOpenAI and Anthropic, the two most richly valued artificial intelligence startups, have agreed to let the U.S. AI Safety Institute test their new models before releasing them to the public, following increased concerns in the...
In-Depth Analysis of the Ethereum (ETH) Ecosystem by Grayscale
Peter Zhang Aug 29, 2024 03:47 Grayscale's latest report provides an in-depth analysis of the Ethereum (ETH) ecosystem, authored by Zach Pandl and Michael Zhao. Grayscale, a leading digital asset management...
Stephen Curry signs $62.6 million extension with Warriors
Steph CurryJonathan Bachman | Getty ImagesNBA superstar Stephen Curry has agreed to sign a one-year, $62.6 million extension with the Golden State Warriors, his agent confirmed to CNBC.The extension keeps Curry in a Warriors uniform through the 2026-2027 season, and...
PayPal expands partnership with Fiserv
PayPal Holdings, Inc. (NASDAQ:PYPL) today announced an expansion of its global strategic partnership with Fiserv, Inc. (NYSE:FI) which will streamline how merchant clients of Fiserv enable PayPal experiences for their customers. Building on a longstanding partnership...
Court orders operator of Tradeanedge Members Fund to pay restitution and penalties
The Commodity Futures Trading Commission (CFTC) today announced that the U.S. District Court for the Eastern District of New York entered a consent order finding Harris Bruce Landgarten, a resident of Old Brookville, New York, defrauded pool participants. He also...
HKMA Issues Alert on Unauthorised Websites and Apps Linked to Livi Bank
Felix Pinkston Aug 29, 2024 04:10 The Hong Kong Monetary Authority warns the public about unauthorised websites and apps associated with Livi Bank Limited. The Hong Kong Monetary Authority (HKMA) has issued a...
Affirm shares surge 33% and head for best day in three years
Drew Angerer / Getty Images Affirm shares soared 34% on Thursday and were on pace for their best day in almost three years, after the provider of buy now, pay later loans beat on the top and bottom lines in its earnings report. If the rally holds, it will be the...
Trump aide pushed’ Arlington cemetery employee, Army says
Republican presidential nominee, former U.S. President Donald Trump lays a wreath alongside Marine Cpl. Kelsee Lainhart (Ret.) and and U.S. Marine Corps. Sergeant Tyler Vargas-Andrews (Ret.) who were injured at the Abbey Gate Bombing, during a wreath-laying ceremony...
Binance Futures Introduces USDⓈ-Margined MBOX Perpetual Contract with 75x Leverage
Darius Baruo Aug 29, 2024 04:48 Binance Futures will launch the USDⓈ-Margined MBOX Perpetual Contract on August 28, 2024, offering up to 75x leverage, enhancing trading options for users. Binance Futures is set...
NAGA Group completes merger with CAPEX.com
Social trading focused online broker The NAGA Group AG (ETR:N4G), provider of the all-in-one financial SuperApp NAGA, has announced that the company has successfully completed its strategic merger with Key Way Group Ltd., operator of the CAPEX.com online brokerage...
NVIDIA Enhances Llama 3.1 405B Performance with TensorRT Model Optimizer
Lawrence Jengar Aug 29, 2024 16:10 NVIDIA's TensorRT Model Optimizer significantly boosts performance of Meta's Llama 3.1 405B large language model on H200 GPUs. Meta's Llama 3.1 405B large language model (LLM)...
Bank unions want old pension scheme back after govt unveils UPS, ET BFSI
Bank staff unions are set to raise the demand for the restoration of the Old Pension Scheme (OPS) in their upcoming meeting with the Indian Banks’ Association (IBA). This move comes shortly after the central government announced the Unified Pension Scheme (UPS) for...
September seasonals: The worst month on the calendar for the S&P 500
August was a wild ride. It's typically a quiet, summer month but it was anything but that this year as markets melted down early in the month only to post a full recovery in a remarkable turn.That's left some nice-looking monthly charts and a series of breakouts. The...
iFOREX returns as a sponsor of PSV Eindhoven
Retail FX and CFDs broker iFOREX has announced that the company has signed another cooperation agreement with Dutch football club PSV Eindhoven. As part of this collaboration, iFOREX will focus primarily on the UEFA Champions League campaign. The iFOREX.eu logo will...
GST department penalises Yes Bank; levies penalty of Rs. 24 Lac, ET BFSI
The Yes Bank has been penalised by Goods and Services Tax (GST) department, Maharashtra raising demand for disallowance of input tax credit (ITC) along with interest and levy of a penalty of Rs. 24,92,978/-. The penalty is in accordance with Section 73 of the Central...
CoreWeave Leads AI Infrastructure with NVIDIA H200 Tensor Core GPUs
Terrill Dicki Aug 29, 2024 15:10 CoreWeave becomes the first cloud provider to offer NVIDIA H200 Tensor Core GPUs, advancing AI infrastructure performance and efficiency. CoreWeave, the AI Hyperscaler™, has...
EUR/USD Stabilises Ahead of Core PCE Inflation Report :: InvestMacro
By RoboForex Analytical DepartmentThe EUR/USD pair is holding steady at around 1.1134 as markets consolidate USD positions during a lull in significant news. Investors are now keenly awaiting the release of the Core PCE inflation data, a critical metric that the...
GM folding its all-electric BrightDrop vans into Chevrolet brand
Brightdrop EV600 vanSource: BrightdropDETROIT – General Motors is folding its all-electric BrightDrop commercial vans into the Chevrolet brand in an attempt to increase sales, accessibility and recognition of the vehicles.The change is expected to expand the selling...
Jan Dhan accounts has propelled financial inclusion from 25 pc in 2008 to over 80 pc now, ET BFSI
New Delhi [India], August 28 (ANI): The Pradhan Mantri Jan Dhan Yojana (PMJDY) which completed ten years of its implementation on Wednesday has had a profound impact on every corner of the country.The scheme launched in 2014, has proven to be the foundation stone in...
Trump crypto plan coming within hours, he says
Republican presidential nominee Donald Trump is pumping the Trump Organization's new crypto platform, which has just been rebranded from "The DeFiant Ones," to "World Liberty Financial."In a post to his 90 million followers on X, the former president shared a video of...
CFTC fines Nasdaq Futures $22M for core principle violations
The Commodity Futures Trading Commission (CFTC) today issued an order filing and settling charges against Nasdaq Futures, Inc., formerly a designated contract market (DCM). The order finds Nasdaq Futures, Inc. failed to properly establish, monitor, or enforce rules...
Binance to Support Polygon (MATIC) Swap to Polygon (POL) Token
Peter Zhang Aug 29, 2024 05:08 Binance announces support for the Polygon (MATIC) token swap to Polygon (POL), with detailed instructions and timelines for users. Binance has announced its support for the Polygon...
Shares halted after apparent early release
Facade of GAP retail store with logo sign on sunny day, San Francisco, California, June 7, 2024. Nurphoto | Nurphoto | Getty ImagesGap shares were halted Thursday morning after its quarterly earnings results were apparently released early.The apparel retailer is set...
Uber takes stake in SoftBank-backed self-driving tech startup Wayve
Wayve CEO and co-founder Alex Kendall.WayveLONDON — Uber and British artificial intelligence startup Wayve announced a partnership Thursday that will see the two firms collaborate on autonomous driving technology.As part of the deal, Uber is also investing an...
Nvidia’s Forward Guidance Was Light :: InvestMacro
Michael Belanger of GGM Advisory Inc. shares his thoughts on Nvidia Corp. (NVDA:NASDAQ) after their earnings were announced, and shares two ETFs he has his eyes on.Nvidia Corp. (NVDA:NASDAQ) reported earnings just after the close, and as expected, they had a blow-out...
Is there a nationwide bank strike today? Check if banks are open or closed today, August 28?, ET BFSI
On August 19, 2024, the All India Bank Employees Association (AIBEA) had called for a nationwide strike today, August 28, which could impact banking services and transactions nationwide. CH Venkatchalam, General Secretary of AIBEA, has tweeted about the same from his...
UN nuclear watchdog chief pushes back on Moscow’s calls for objectivity after Kursk plant visit
The head of the U.N. nuclear watchdog has pushed back against Moscow's calls for further objectivity, following an inspection at the nuclear facility in the embattled Russian region of Kursk.Last week, Russia accused Ukraine of attempting a drone strike at the Kursk...
Explore Your Vacation with Google Maps’ AI Tools
Felix Pinkston Aug 29, 2024 05:44 Discover how Google's AI tools can enhance your travel experience with features like Immersive View for routes and places. Traveling is about seeing new places, learning new...
RBI permits foreign investors in IFSC to invest in sovereign green bonds, ET BFSI
Mumbai, The Reserve Bank on Thursday introduced a scheme to permit foreign investors in the International Financial Services Centre (IFSC) to invest in sovereign green bonds to facilitate wider non-resident participation in such instruments. The government issued...
Gala Games Introduces Music Coin: A New Way to Earn $TREZ and $GALA
Timothy Morano Aug 29, 2024 06:15 Gala Games launches Music Coin, a Telegram-based game offering rewards in $TREZ and $GALA tokens. Discover how to play and maximize your earnings. Gala Games has unveiled Music...
Finalto sponsors the FT Alphaville quiz
Leading institutional trading and liquidity services firm Finalto has announced that they are very proud sponsors of the financial services event of the year – or at least the week – the FT Alphaville pub quiz. Finalto is all about strategic partnerships. And you...
Deposit growth outpaces credit growth in August after RBI risk weights and comments, ET BFSI
Credit growth is trending down and continues to converge with deposit growth on an annual basis.Credit offtake increased by 5.8% compared to December 2023, to reach Rs. 168.8 lakh crore as of August 9, 2024, while deposits rose at 6.2% compared to December 2023 and...
Shohei Ohtani signs trading card deal with Fanatics-backed Topps
Dodgers designated hitter Shohei Ohtani, #17, watches his ball soar after hitting his first home run as a Dodger off of Giants pitcher Taylor Rogers, # 33, in the seventh inning at Dodger Stadium in Los Angeles Wednesday, April 3, 2024.Allen J. Schaben | Los Angeles...
Moody’s boosts GDP forecast to 7.2% for 2024, ET BFSI
Moody's has raised its real GDP growth projections for India on Thursday expecting a robust 7.2% growth in 2024 (up from 6.8%) and 6.6% in 2025 (up from 6.4%). This revision reflects strong, broad-based growth, driven by resilient private consumption and improved...
Google Enhances Gemini with Custom Gems and Improved Imagen 3
Alvin Lang Aug 29, 2024 06:34 Google's Gemini now features Custom Gems and advanced image generation with Imagen 3, promising enhanced user control and safety. Google has announced significant updates to its...
Nvidia’s good report did not impress investors. The Bank of Japan intends to keep raising rates :: InvestMacro
By JustMarketsAt Wednesday’s close, the Dow Jones (US30) was down 0.39%, while the S&P 500 (US500) decreased by 0.60%. The NASDAQ Technology Index (US100) closed negative 1.12%. The US stocks fell on Wednesday as investors awaited Nvidia’s much-anticipated...
Canara Bank’s Tier I bond sale paves way for more issues, SBI may follow suit, ET BFSI
Canara Bank's successful issuance of Basel-III compliant tier-I bonds marks a significant moment for the bond market, potentially paving the way for other banks to follow suit.The bank raised Rs 3000 crore through these bonds at a coupon rate of 8.27%, demonstrating...
Moody’s boosts GDP forecast to 7.2% for 2024, ET BFSI
Moody's has raised its real GDP growth projections for India on Thursday expecting a robust 7.2% growth in 2024 (up from 6.8%) and 6.6% in 2025 (up from 6.4%). This revision reflects strong, broad-based growth, driven by resilient private consumption and improved...
Saxo Bank sees slight rise in H1 2024 Revenues to $345 million, closes China office
Copenhagen based Retail FX and CFDs broker Saxo Bank has released its first half 2024 results, indicating a slight rise in Revenues and a return to profitability after the company posted its first semi-annual loss in several years during 2H-2023. On the top line, Saxo...
Foreign lenders lured by rare stake sales in India banks, but tighter rules weigh, ET BFSI
Talks to sell majority stakes in two Indian banks have attracted interest from foreign peers in Japan and the Middle East betting on a fast-growing economy, but tighter regulations and valuation concerns could curb their appetite, analysts and sources say.The rare...
American Eagle (AEO) earnings Q2 2024
A shopper walks past the American clothing and accessories retailer American Eagle store in Hong Kong.Budrul Chukrut | Lightrocket | Getty ImagesAmerican Eagle missed Wall Street's sales targets for a second quarter in a row on Thursday, but profits grew by nearly 60%...
NVIDIA Triton Inference Server Excels in MLPerf Inference 4.1 Benchmarks
Rongchai Wang Aug 29, 2024 06:56 NVIDIA Triton Inference Server achieves exceptional performance in MLPerf Inference 4.1 benchmarks, demonstrating its capabilities in AI model deployment. NVIDIA's Triton...
Can Forex Robots Boost Your Small Business’s Financial Strategy? A Beginner’s Guide
Can Forex Robots Boost Your Small Business's Financial Strategy? A Beginner's Guide - Small Business Bonfire Home » Business Finance » Can Forex Robots Boost Your Small Business’s Financial Strategy? A...
Telegram CEO charged with allowing criminal activity by French prosecutors
Founder and CEO of Telegram Pavel Durov delivers a keynote speech during the Mobile World Congress in Barcelona, Spain February 23, 2016. REUTERS/Albert GeaAlbert Gea | ReutersFrench prosecutors on Wednesday charged Telegram CEO Pavel Durov with enabling criminal...
HSBC announces changes to senior management team
HSBC Holdings plc announces changes to its senior management team. All changes will take effect from 1 October 2024 and, where required, are subject to regulatory approval. Barry O’Byrne, Chief Executive Officer, Global Commercial Banking (CMB), is appointed CEO,...
Best Buy (BBY) earnings Q2 2025
People walk into a Best Buy store in a Brooklyn mall on August 29, 2023 in New York City.Spencer Platt | Getty ImagesBest Buy raised its fiscal-year profit guidance Thursday after exceeding earnings and revenue expectations for the most recent quarter. The retailer...
Union Bank freezes accounts of state-run telecom firm MTNL over non-payment of dues, ET BFSI
Union Bank of India has frozen all accounts of state-run telecom company MTNL for non-payment of dues, a regulatory filing said on Wednesday. Union Bank of India informed the company on August 21 about freezing of all its accounts over non-payment of loans,...
1 bonus shares; big focus on AI, ET BFSI
RIL AGM 2024 Live: Mukesh Ambani, the Reliance Industries Chairman, began his address to shareholders at the RIL AGM by congratulating PM Narendra Modi for securing a record third term. Ambani said that a notice has been sent to the stock exchange that the Board of...
Affirm (AFRM) earnings report Q4 2024
Jaque Silva | Lightrocket | Getty ImagesAffirm shares jumped as much as 16% in after hours trading on Wednesday, after the provider of buy now, pay later loans reported better-than-expected fiscal fourth-quarter results.Here's how the company did, compared to...
Amuse 2.1 Beta Released: FLUX.1 Support and Key Enhancements
James Ding Aug 29, 2024 08:31 AMD releases Amuse 2.1 Beta with FLUX.1 support, bug fixes, and additional Stable Diffusion models for enhanced AI image generation. Amuse 2.1 Beta is now available for users of...
Binance Futures Introduces USDⓈ-Margined CHESS Perpetual Contract with 75x Leverage
Rongchai Wang Aug 29, 2024 09:20 Binance Futures is set to launch the USDⓈ-Margined CHESS Perpetual Contract, offering up to 75x leverage, starting August 29, 2024. Binance Futures is expanding its range of...
I Have Evidence 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...
Delivery Hero (DHER) plans IPO of Middle East unit Talabat in Dubai
BERLIN, GERMANY - SEPTEMBER 04: The Delivery Hero office photographed on September 04, 2020 in Berlin, Germany. (Photo by Jeremy Moeller/Getty Images)Jeremy Moeller | Getty Images Entertainment | Getty ImagesEuropean food delivery firm Delivery Hero says it plans to...
TD Securities promotes Carl Hayes to Head of European Cash Equities
TD Securities (TDS), a global corporate and investment bank, today announced the promotion of Carl Hayes, Managing Director, as the new Head of European Cash Equities. Mr Hayes reports to Sharon Kim, Executive Managing Director and Region Head of Europe, TD Securities...
Banks offering cheapest interest rates for home loans up to Rs 75 lakh, ET BFSI
A home represents stability, wealth, and a portion of one's aspirations for many Indians. Most of the people use home loans to fulfill this desire. There are two types of interest rates for home loans: fixed and floating.Note that many loan interest rates are linked...
Nvidia announces $50 billion stock buyback
CFOTO | Future Publishing | Getty ImagesNvidia said Wednesday that its board of directors has approved a $50 billion stock buyback.The computer chip giant announced the share repurchase as part of its fiscal second-quarter earnings, in which it reported earnings and...
How Web3 Social Media Solves the Issues of Web2 Platforms
Web3 Social Media PlatformsSocial Media, dominated by Web2 giants, has transformed how we connect and consume information. Platforms like Facebook, Instagram, and Twitter have amassed unprecedented user bases, their business models revolving around data monetization...
iSAM Securities hires LMAX exec Quentin Miller as Head of Institutional Sales APAC
Just a day after naming Barry Flanigan to Head of Asia Pacific, London based prime-of-prime broker and liquidity solutions provider iSAM Securities has announced that the company has hired Singapore based executive Quentin Miller as Head of Institutional Sales, Asia...
ESAF Bank launches INORI-RuPay Credit Card, BFSI News, ET BFSI
New Delhi, ESAF Small Finance Bank has launched the INORI RuPay Platinum Credit Card, a premium financial product designed in collaboration with the National Payments Corporation of India (NPCI) to offer cardholders exclusive benefits and privileges. "The card's name,...
OpenAI in talks to raise funding that would value it at more than $100 billion
In this photo illustration, the OpenAI logo is displayed on a mobile phone screen with a photo of Sam Altman, CEO of OpenAI.Didem Mente | Anadolu | Getty ImagesOpenAI is in talks to raise a funding round that would value the artificial intelligence startup at more...
NVIDIA Reports Record Q2 Fiscal 2025 Revenue with Strong Data Center Growth
Jessie A Ellis Aug 29, 2024 09:56 NVIDIA announces record Q2 fiscal 2025 revenue, driven by strong demand in data centers and significant growth in earnings per share. NVIDIA Corporation (NASDAQ: NVDA) has...
Know Everything About Solana Program Library
Solana is a powerful alternative to most of the layer 1 blockchain networks running in the web3 ecosystem right now. It is a high-speed programmable blockchain with the advantages of interoperability and scalability for creating and deploying decentralized...
Nvidia’s earnings report shows problem of being priced for perfection
Nvidia CEO Jensen Huang delivers a keynote address during the Nvidia GTC Artificial Intelligence Conference at SAP Center on March 18, 2024 in San Jose, California.Justin Sullivan | Getty ImagesNvidia reported its fourth-straight quarter of triple-digit revenue growth...
What is mental imagery? Brain researchers explain the pictures in your mind and why they’re useful :: InvestMacro
By Lynne Gauthier, UMass Lowell and Jiabin Shen, UMass Lowell Curious 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].Why are some people able to visualize scenarios in their minds, with...
SEBI issues notice to Religare Ent’s Rashmi Saluja, ET BFSI
The Securities and Exchange Board of India has issued a show cause notice to Religare Enterprises chairperson Rashmi Saluja in connection with its investigation into alleged violations of insider trading regulations, people familiar with the matter said.The...
Nvidia (NVDA) shares fall after earnings beat estimates
NVIDIA's founder and CEO Jensen Huang delivers a keynote address on the latest innovations in AI, during a developers conference at the SAP Center in San Jose, California, on March 18, 2024. Josh Edelson | AFP | Getty ImagesNvidia shares fell 4.63% in U.S. premarket...
IBM Research Leverages Quantum Computing and AI for Accelerated Discovery
Peter Zhang Aug 29, 2024 09:05 IBM Research is integrating quantum computing, AI, and hybrid cloud to expedite solutions for today's pressing problems. The world is evolving at an unprecedented pace, and...
B2Broker’s B2Copy integrates with Spotware’s cTrader trading platform
Leading trading platform developer Spotware Systems and broker tech provider B2Broker have announced the full integration of B2Broker’s advanced investment platform, B2Copy, with Spotware’s cTrader, the premium and first Open Trading Platform. This integration allows...
CrowdStrike (CRWD) Q2 earnings report 2025
CrowdStrike CEO George Kurtz speaks at the Wall Street Journal Tech Live conference in Laguna Beach, California, on Oct. 21, 2019.Martina Albertazzi | Bloomberg | Getty ImagesCrowdStrike shares slipped 4% in extended trading on Wednesday after the cybersecurity...
India’s Axis Bank likely to issue infra bonds in September, sources say, ET BFSI
By Siddhi Nayak and Dharamraj DhutiaMUMBAI - India's Axis Bank is set to join several other lenders in raising funds through infrastructure bonds and may announce the issue in September, three sources, including two merchant bankers, said.The Indian government's...
Salesforce (CRM) Q2 earnings report 2025
Salesforce shares rose 4% in extended trading on Wednesday after the business software maker reported robust fiscal second-quarter results that beat estimates and raised its full-year profit outlook.The company also said Amy Weaver, its chief financial officer, will...
NVIDIA’s Blackwell Platform Breaks New Records in MLPerf Inference v4.1
Joerg Hiller Aug 29, 2024 07:18 NVIDIA's Blackwell architecture sets new benchmarks in MLPerf Inference v4.1, showcasing significant performance improvements in LLM inference. NVIDIA's new Blackwell architecture...
Belgium’s FSMA warns against fraudulent trading platforms
Belgium’s Financial Services and Markets Authority (FSMA) is once again drawing the public’s attention to the phenomenon of fraudulent trading platforms and their dangers. These platforms are all over the internet, trying to lure investors with promises of quick and...
BNB Chain Unveils Bridge for Seamless Cross-Chain Interoperability
Luisa Crawford Aug 29, 2024 07:59 BNB Chain announces its new Bridge, enhancing cross-chain interoperability with partners Celer, deBridge, and Stargate. The initiative aims to streamline transactions and boost DeFi. ...
Paytm shares rally 5% on getting govt nod for downstream investment in payments arm, ET BFSI
Paytm shares jumped 5% on the BSE in Thursday's early trade, reaching a high of Rs 565, after the company received approval from the finance ministry to invest in its payment services business.After this approval, the payment services business, Paytm Payments Services...
Indian economy remains resilient amid global uncertainties: NCAER, ET BFSI
Amid global geo-political uncertainties, the Indian economy has remained resilient but the outlook seems softer due to moderation in a couple of high-frequency indicators, according to the Monthly Economic Review for August. The review was released by the National...
Global tech stocks fall amid broad declines in the region after Nvidia results
Samsung Electronics' fourth-generation high bandwidth memory or HBM3 chips have been cleared by Nvidia for use in its processors for the first time, three people briefed on the matter said.SeongJoon Cho | Bloomberg | Getty ImagesGlobal chip stocks fell on Thursday,...
YES Network, MSG Networks to launch combined New York sports app
New York Yankees captain Aaron Judge.Erick W. Rasco | Sports Illustrated | Getty ImagesGotham Advanced Media and Entertainment, the joint venture between MSG Networks and the YES Network, is launching a new app in the fall that will air local games for seven New York...
Latest HDFC Bank, IDFC FIRST Bank credit card rules effective from September 2024, ET BFSI
HDFC Bank has modified the loyalty program for specific credit cards. IDFC FIRST has made major changes to its credit card payment terms, such as the minimum amount due (MAD) and payment due date. The updated regulations will take effect on September 1, 2024.A...
DARKTIMES Introduces Medieval Brawler Royale on Sui Blockchain
Darius Baruo Aug 27, 2024 16:06 DARKTIMES, a medieval brawler royale game, leverages Sui blockchain for enhanced Web3 player engagement and asset ownership. DARKTIMES, a medieval brawler royale game, is set to...
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Senior Citizen Fixed Deposit rates: Top 5 senior citizen bank FDs
Top Senior Citizen Bank Fixed Deposits: Bank fixed deposits are the go-to savings option for risk averse investors. Most banks offer a higher interest rate on bank fixed deposits to senior citizens.Senior citizens can usually benefit from an additional 0.50 percent...
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Ford joins list of companies walking back DEI policies
The new Ford F-150 and the all-new Ranger trucks are launched at a celebratory event at the Ford Dearborn Plant on April 11, 2024 in Dearborn, Michigan.Bill Pugliano | Getty ImagesFord Motor is the latest company to walk back some of its commitments to diversity,...
OKX Ventures Invests in Blockchain and AI Verifiable Compute Layer Space and Time
Rongchai Wang Aug 27, 2024 16:21 OKX Ventures has invested in Space and Time, a verifiable compute layer that integrates AI and blockchain, enhancing data verification for smart contracts. OKX Ventures, the...
Tom Sosnoff and Scott Sheridan sell 6.5M ordinary shares in IG Group
Jefferies today posted a notice regarding a placing of 6.5 million existing shares in electronic trading major IG Group Holdings plc (LON:IGG). Tom Sosnoff and Scott Sheridan have sold 6.5 million ordinary shares in IG Group to a limited number of institutional...
Shriram Finance to raise up to $1.5 billion from overseas, CEO says, ET BFSI
Indian non-banking lender Shriram Finance plans to raise up to $1.5 billion from the overseas market in the current fiscal year in a bid to diversify borrowings, its chief executive told Reuters on Tuesday."We are targeting to raise anywhere between $1.25 billion to...
Court restores Sarah Palin lawsuit vs. New York Times
Sarah Palin, 2008 Republican vice presidential candidate and former Alaska governor, arrives for her defamation lawsuit against the New York Times, at the United States Courthouse in the Manhattan borough of New York City, U.S., February 14, 2022.Eduardo Munoz |...
Swissquote becomes principal sponsor of ZSC Lions and Genève-Servette Hockey Club
Leading Swiss online banking and trading provider Swissquote (SWX:SQN) has announced the extension of its sponsorship partnerships with ZSC Lions from Zurich, and the Genève-Servette Hockey Club. The existing commitments will each be extended for three years, and...
SBI MD hopes market correction over time will get funds back to banking system, ET BFSI
Mumbai, SBI Managing Director Ashwini Tewari on Wednesday said a correction in the equity markets "over time" can help banks get back the deposits it has ceded. He also said the country's largest lender is betting on the small-ticket Prime Minister Jan Dhan Yojana...
Bitcoin (BTC) Market Faces Period of Calm, Potential Volatility Ahead
Timothy Morano Aug 27, 2024 17:19 Bitcoin market activity has cooled, with marginal profit and loss-taking. Historical trends suggest this calm period may precede increased volatility. Bitcoin (BTC) market...
Trump Arlington Cemetery incident ‘pretty sad,’ Harris campaign says
Donald Trump visits Arlington Cemetery to pay tribute to the 13 servicemembers killed during the Afghanistan evacuation. Nurphoto | Nurphoto | Getty ImagesVice President Kamala Harris' presidential campaign said a reported physical confrontation between former...
Google Gemini will again support AI image generation of people
The Deepmind logo is being displayed on a smartphone with the Google Gemini logo in the background in this photo illustration in Brussels, Belgium, on February 8, 2024.Jonathan Raa | Nurphoto | Getty ImagesGoogle said it will soon allow users to create images of...
Investor Confidence Drives Bitcoin (BTC) to Surge Past $65,000
Zach Anderson Aug 27, 2024 18:03 Bitcoin (BTC) sees a remarkable surge to $65,000 amid investor confidence and market dynamics influenced by Federal Reserve signals. Bitcoin (BTC) experienced a significant price...
Darwinex updates on margin calculation for investor portfolios
Darwinex has issued a notification to its clients regarding margin calculation for investor portfolios. For regulatory reasons, in line with requirements imposed by the European Securities and Markets Authority (ESMA), Darwinex is required to ensure that DARWIN...
How will the Unified Pension Scheme impact India’s finances?, ET BFSI
The newly announced Unified Pension Scheme (UPS) is set to increase the fiscal deficit by 15 basis points (bps) to 5.1% for the financial year 2025 (FY25), up from the budgeted 4.9%, according to a recent report by the Macquarie Group. The report estimates that the...
Trump Media stock falls below $20 per share for first time
Aytac Unal/ | Anadolu | Getty ImagesThe months long Trump Media stock slide continued Wednesday, as shares of the company majority-owned by former President Donald Trump fell below $20 for the first time since the Truth Social maker went public in March of this...
Arkham Partners with CoinGecko and GeckoTerminal for Enhanced Trading Analytics
Luisa Crawford Aug 27, 2024 18:59 Arkham collaborates with CoinGecko and GeckoTerminal to merge market data and on-chain analytics, enhancing trading insights for millions of users. Arkham, a leading on-chain...
Bybit expands CFDs trading offering with MT5 integration
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced that it is integrating MetaTrader 5 (MT5) on its platform. This integration provides traders with a comprehensive and advanced trading environment specifically designed for...
Aditya Birla Capital Digital Launches DigiGold Gifting, Family Health Scan and SIMPLiNVEST at GFF 2024, ET BFSI
NewsVoirMumbai (Maharashtra) [India], August 28: Aditya Birla Capital Digital Limited ("ABCDL"), the digital-first arm of India's leading financial services conglomerate, Aditya Birla Capital, today, announced the launch of a suite of three new product offerings -...
Nvidia (NVDA) earnings report Q2 2025
Nvidia CEO Jensen Huang speaks during Computex 2024 in Taipei on June 4, 2024. I-hwa Cheng | AFP | Getty ImagesNvidia reports second fiscal-quarter earnings Wednesday after the bell.Here is what Wall Street expects from the chipmaker in the quarter ending in July,...
Bitcoin down 5% in the third day of selling
Bitcoin made some headway last week as it broke out of a consolidation patter and looked well on its way to recouping the July-August losses. But the mood changed early this week and it's been steady selling, culminating in a 5% loss today.BTC dailyThe drop in bitcoin...
SEC issues Wells notice to NFT marketplace OpenSea
In this photo illustration an OpenSea logo is displayed on a smartphone with stock market percentages in the background.Omar Marques | Lightrocket | Getty ImagesCrypto marketplace OpenSea has been added to the SEC's list of targets, as the regulator extends its...
Binance to Delist Multiple Spot Trading Pairs Including ALCX/BTC and BCH/TUSD
Terrill Dicki Aug 28, 2024 15:35 Binance announces the delisting of several spot trading pairs including ALCX/BTC and BCH/TUSD, effective from August 30, 2024. Binance, a leading cryptocurrency exchange, has...
OpenSea says SEC is considering lawsuit against co
OpenSea has issued a statement regarding a Wells notice from the U.S. Securities and Exchange Commission (SEC). The company says the notice indicates that the SEC is considering bringing a lawsuit against OpenSea. The company stated: “We’re confident that OpenSea...
Will strive to make SBI most valued financial institution: Chairman Setty, ET BFSI
New Delhi, State Bank of India (SBI) will strive to become the most valued financial institution and also increase its net profit, the lender's new Chairman, C S Setty said on Wednesday as he asserted that this is India's decade. Soon after taking charge of the...
Super Micro shares fall 23% on filing delay, Hindenburg Research report
Charles Liang, chief executive officer of Super Micro Computer Inc., during the AMD Advancing AI event in San Jose, California, Dec. 6, 2023.David Paul Morris | Bloomberg | Getty ImagesShares of Super Micro Computer tumbled more than 23% on Wednesday, after the...
NZD/USD Reaches Annual High Amid USD Weakness :: InvestMacro
By RoboForex Analytical DepartmentThe NZD/USD pair has climbed to the highest level since 15 January 2024, continuing its trajectory within an ascending channel towards a target of 0.6233. The New Zealand dollar’s growth is primarily fuelled by the weakening US...
How UPI can become a global remittance channel as envisaged by RBI Governor Shaktikanta Das, ET BFSI
The Unified Payments Interface (UPI), India’s pioneering digital payment system, has the potential to transform into a global remittance channel. RBI Governor Shaktikanta Das has highlighted UPI’s potential to offer a more efficient and cost-effective alternative to...
NVIDIA NIM Enhances RAG Applications for Veterinary AI
Iris Coleman Aug 27, 2024 19:56 NVIDIA NIM improves retrieval-augmented generation (RAG) applications, streamlining AI solutions in specialized fields like veterinary science. The advent of large language models...
Barbie phone launch: price, specs, availability
The HMD Barbie phone is a co-branded product with Mattel, the toymaking giant behind the franchise.HMDHMD, the company behind Nokia-branded phones, launched a Barbie-branded phone Wednesday that comes with calls, texts, and a classic "flip" design — but no internet or...
Euronext announces upcoming launch of spread contracts on agricultural commodities
Euronext today announced the upcoming launch, pending regulatory review, of three spread contracts on agricultural commodities. Spread contracts are financially-settled futures contracts whose underlying is a price differential between two different products, and in...
RBI Guv Shaktikanta Das sets five priorities for India@100, ET BFSI
“As India completes 100 years of independence in 2047, We are closer to India@100, Banks, Non banks, Fintechs, regulators and government shall be fostering innovation but the context should be broader to society in terms of inclusion,” said Shaktikanta Das, Governor,...
Fusion Finance likely to face short term challenges amid rising credit costs, lower collection efficiency, ET BFSI
The stock of Fusion Finance (formerly Fusion Microfinance) has gained over 9% in three trading sessions to August 28 following the company’s announcement on exchanges that the Odisha State Tax department has dropped the show cause notice issued in May directing the...
NVIDIA Simplifies Camera Calibration for Enhanced AI Multi-Camera Tracking
Luisa Crawford Aug 27, 2024 20:32 NVIDIA introduces streamlined camera calibration processes to boost the accuracy of AI-powered multi-camera tracking applications. NVIDIA has unveiled advancements in camera...
Understanding the Basics of Encryption: A DevSpeak Overview
Tony Kim Aug 27, 2024 21:07 Explore the fundamentals of encryption and its importance in digital security, as explained in Gala News' latest DevSpeak. In the latest installment of DevSpeak, Gala News delves into...
Australia’s inflation is falling at a slower pace than RBA expected. ECB may cut rates at the next two meetings :: InvestMacro
By JustMarketsAt Tuesday’s close, the Dow Jones (US30) Index was up 0.02%, while the S&P 500 (US500) Index was up 0.16%. The NASDAQ Technology Index (US100) closed positive 0.16%.The Fed will almost certainly cut rates on September 18, which Powell signaled in...
Musk, xAI accused of worsening Memphis smog with unauthorized turbines
Elon Musk announced his new company xAI which he says has the goal to understand the true nature of the universe. Jaap Arriens | Nurphoto | Getty ImagesElon Musk's artificial intelligence startup, xAI, is being accused by environmental and health advocates of adding...
Sailing SBI from Covid to 2nd largest profit-maker, ET BFSI
SBI Chairman Dinesh Kumar Khara retires Dinesh Kumar Khara, also called the ‘profit king’ as he led the State Bank of India (SBI) to impressive achievements during his tenure, retires on Wednesday. Khara’s tenure has been marked by extraordinary financial performance,...
Morgan Stanley to pay $168k fine for alleged violations of Cboe rules
Morgan Stanley & Co. LLC has agreed to a censure and a fine of $168,750 as a part of a settlement with Cboe Exchange, Inc. On May 3, 2021, the firm effected an off-floor transfer of approximately 50,000 options contracts between two customer accounts of different...
Wyoming Blockchain Symposium Highlights Regulatory and Energy Innovations
Peter Zhang Aug 27, 2024 21:33 The Wyoming Blockchain Symposium showcased key insights on regulatory advancements and energy strategies within the crypto space, featuring top industry leaders. The Wyoming...
Women are more likely to adopt digital financial services when introduced by local agents or women community influencers, ET BFSI
Mumbai (Maharashtra) [India], 28 August (ANI): Nalin Bansal, Chief Relationship Management at the National Payments Corporation of India (NPCI), speaking at the Global Fintech Festival 2024 on Wednesday, emphasized that only 25 per cent of payment users are women,...
Why Defense Stocks Like NOC & LMT Are Poised for Growth :: InvestMacro
By The Ino.com TeamIn the first half of 2024, China’s shipbuilding industry secured nearly 75% of new global orders, demonstrating the nation’s expanding manufacturing power. Ship completions surged by 18.4% year-over-year to 25.02 million deadweight tons (dwt), which...
Shriram Capital appoints Subhasri as its managing director & CEO, ET BFSI
Chennai, Subhasri's journey with Shriram Group began in 1991 as an officer in the non-banking finance business and in her over three decades of service she played a pivotal role in the company's growth and expansion, a press release said on Wednesday. "We are...
Julia Leung Delivers Opening Remarks at Project Ensemble Sandbox Launch
Caroline Bishop Aug 28, 2024 11:39 Julia Leung delivers opening remarks at the Project Ensemble Sandbox launch ceremony, emphasizing innovation and regulatory collaboration. Julia Leung, Deputy Chief Executive...
Abercrombie & Fitch (ANF) earnings Q2 2024
An Abercrombie & Fitch store in New York, US, on Monday, Nov. 20, 2023. Abercrombie & Fitch Co. is scheduled to release earnings figures on November 21. Stephanie Keith | Bloomberg | Getty ImagesAbercrombie & Fitch's revenue grew 21% during its fiscal...
RBI plans to implement uniform licensing for online and offline payment aggregators, ET BFSI
The Reserve Bank of India (RBI) is working towards streamlining its licensing process for payment aggregators by merging the requirements for online and offline entities. K. Vijayakumar, General Manager DPSS RBI, announced the upcoming change during a discussion at...
iSAM Securities promotes Barry Flanigan to Head of Asia Pacific
London based prime-of-prime broker and liquidity solutions provider iSAM Securities has announced that in a strategic move to implement growth in the region, Barry Flanigan, former Head of e-Trading, has transitioned to the Hong Kong office, assuming the role of Head...
Deposit rate hikes higher than lending rates since RBI began tightening, ET BFSI
The tightening of monetary policy has led to a more significant increase in term deposit rates compared to lending rates. Since May 2022, the Reserve Bank of India's (RBI) monetary policy committee (MPC) has raised the policy rate by 250 basis points (bps). This has...
UK’s Starmer, Germany’s Scholz seek to strengthen ties in post-Brexit reset
Keir Starmer, UK prime minister, left, and Olaf Scholz, Germany's chancellor, ahead of their meeting at the Chancellery in Berlin, Germany, on Wednesday, Aug. 28, 2024.Krisztian Bocsi | Bloomberg | Getty ImagesU.K. Prime Minister Keir Starmer and German Chancellor...
Foot Locker (FL) earnings Q2 2024
Foot Locker on Wednesday said comparable sales grew for the first time in six quarters as its efforts to refresh its stores and improve the customer experience continue to bear fruit. The beleaguered sneaker company's same-store sales grew 2.6% during its fiscal...
Gala Games Integrates Google Pay and Apple Pay for NFT Transactions
Lawrence Jengar Aug 27, 2024 21:49 Gala Games partners with Coinflow to integrate Google Pay and Apple Pay, enhancing payment options for seamless NFT transactions. Gala Games, in collaboration with Coinflow,...
Binance P2P Offers 5,000 FDUSD to Users in Welcome Back Campaign
Ted Hisokawa Aug 28, 2024 03:19 Binance P2P announces a promotional campaign offering 5,000 FDUSD in rewards for eligible users who have not traded since January 2024. Binance has launched a new promotional...
A third of the world’s population lacks internet connectivity − airborne communications stations could change that :: InvestMacro
By Mohamed-Slim Alouini, King Abdullah University of Science and Technology and Mariette DiChristina, Boston University About one-third of the global population, around 3 billion people, don’t have access to the internet or have poor connections because of...
How many accounts opened, avg deposit & RuPay cards issued?, ET BFSI
10 years of PMJDY: How many accounts opened, avg deposit & RuPay cards issued?The Pradhan Mantri Jan Dhan Yojana (PMJDY), one of the largest financial inclusion initiatives, has completed its 10 years on August 28. Launched by Prime Minister Narendra Modi in 2014...
India poised to become 3rd largest economy in the world: Ashwini Vaishnaw, ET BFSI
New Delhi, India would soon become the third largest economy in the world, Union Information and Broadcasting, Railways, and Electronics and Information Technology Minister Ashwini Vaishnaw said on Tuesday.The minister reeled out the growth rates compiled in the IMF's...
Trump budget proposals would spike deficits 5 times more than Harris
Former President Donald Trump's economic proposals would increase federal deficits by $5.8 trillion over the next decade, almost five times more than those of Vice President Kamala Harris, which would add $1.2 trillion, according to a new pair of studies from the...
Decoding Blockchain Developer Salaries: A Comprehensive Guide
The emergence of blockchain has taken the technology realm by storm. The robust capabilities of blockchain technology have led to growth at an exponential rate. Within a short span of time, the presence of blockchain can be felt across diverse industries and sectors....
Ant International joins Hong Kong Monetary Authority’s Project Ensemble Sandbox
Ant International today announced its participation in the Hong Kong Monetary Authority’s (HKMA) Project Ensemble Sandbox, focusing on “Liquidity Management”, one of its four main themes. Launched in March this year, Project Ensemble is the HKMA’s wholesale central...
Heatwave, elections caused a sequential squeeze in India’s microfinance sector, ET BFSI
Kolkata: The severe heat wave in North India and the two-month long general elections have led to a sequential squeeze in the country's microfinance sector for the first time in 12 quarters with the sector's outstanding gross loan portfolio shrinking to Rs 4.33 lakh...
HKMA Unveils Project Ensemble Sandbox to Propel Tokenisation Adoption
Terrill Dicki Aug 28, 2024 09:16 The Hong Kong Monetary Authority (HKMA) has launched Project Ensemble Sandbox, focusing on accelerating the adoption of tokenisation in the financial sector. The Hong Kong...
How gold affects foreign exchange reserves in India, ET BFSI
- Suhani PrakashWhat are Foreign Exchange Reserves? Foreign Exchange Reserves are holdings of foreign currencies managed by The Reserve Bank of India (RBI) that are used for international transactions, including trade and settlement of debts, and supporting the Indian...
Trump re-charged in special counsel election case due to Supreme Court immunity ruling
Republican presidential nominee, former U.S. President Donald Trump speaks during the National Guard Association of the United States' 146th General Conference & Exhibition at Huntington Place Convention Center on August 26, 2024 in Detroit, Michigan. Emily...
How AI deciphers neural signals to help a man with ALS speak :: InvestMacro
By Nicholas Card, University of California, Davis Brain-computer interfaces are a groundbreaking technology that can help paralyzed people regain functions they’ve lost, like moving a hand. These devices record signals from the brain and decipher the user’s intended...
Washington Commanders stadium naming goes to Northwest Federal Credit Union
Washington Commanders fans celebrate after NFL team owners unanimously approved Josh Harris' purchase of the team from Daniel Snyder, at The Bullpen's "Burgundy and Sold" party on July 20, 2023.Julia Nikhinson | The Washington Post | Getty ImagesThe home of the...
RuPay credit card reward point rules from September 1, ET BFSI
The National Payments Corporation of India (NPCI) has directed all banks issuing RuPay credit cards to ensure that the rewards points, benefits, features and other offers should not be lower for RuPay Credit Cards on UPI transactions. This directive by NPCI is...
MultiSigWallet Enhances Security for Transactions on BitTorrent Chain (BTTC)
Alvin Lang Aug 28, 2024 08:38 Discover how the MultiSigWallet smart contract is revolutionizing secure transactions on the BitTorrent Chain (BTTC) with multi-signature functionality. The introduction of the...
California officials get aggressive on homelessness after court ruling
Los Angeles, CA - June 10: After his homeless encampment under the 110 Freeway was removed by the city of Los Angeles for the Summit of the Americas, Calvin Hall, 63, who has been homeless for four years, returns from grocery shopping through a fenced-off area to a...
Finance Minister meets Singapore President & PM to accelerate bilateral pact, ET BFSI
Finance minister Nirmala Sitharaman Monday met Singapore President Tharman Shanmugaratnam and Prime Minister Lawrence Wong to take forward bilateral strategic partnership.She was joined by external affairs minister S Jaishankar, commerce minister Piyush Goyal and...
Nordstrom (JWN) earnings Q2 2024
Nordstrom on Tuesday posted earnings that blew past Wall Street's expectations, indicating the department store is making strides in its efforts to cut costs and boost efficiencies. Though the Seattle-based retailer posted earnings per share that were 25 cents higher...
CME Group to launch wheat spread futures
International derivatives marketplace CME Group today announced that it will launch two new wheat spread futures contracts on October 14, pending regulatory review. The CBOT Wheat – Euronext Milling Wheat No. 2 Spread futures contract and the KC HRW Wheat – Euronext...
Finarkein Analytics raises $4.75 million in funding from Nexus Venture Partners, others, ET BFSI
Data analytics firm Finarkein Analytics has raised $4.75 million in a pre-series A funding round led by Nexus Venture Partners. Existing investors IIFL Fintech Fund and Eximius Ventures also participated in the round, along with angel investors like Nitin Gupta of Uni...
Lego revenue jumps 13% in first half of 2024
Customers at a Lego store in Shanghai, China, on Feb. 3, 2024.Costfoto | Nurphoto | Getty ImagesAn inflation-fueled sales slump hit the toy industry in the first half of 2024, but one company is gaining market share brick by brick.On Wednesday, Lego said revenue...
RFK Jr. to stay on Wisconsin ballot after endorsing Trump
Independent presidential candidate Robert F. Kennedy Jr. makes an announcement on the future of his campaign in Phoenix, Arizona, U.S. August 23, 2024. Thomas Machowicz | ReutersThe Wisconsin Elections Commission on Tuesday voted to keep Robert F. Kennedy Jr. on the...
Binance to Support Kaia (KLAY) Network Upgrade and Hard Fork
Luisa Crawford Aug 28, 2024 03:38 Binance announces support for Kaia (KLAY) network upgrade and hard fork, suspending deposits and withdrawals temporarily. Binance, one of the leading cryptocurrency exchanges,...
Valutrades sees Revenues collapse down 77% in 2023, posts £3.8M loss
Following a quite successful 2022, FCA regulated FX and CFDs broker Valutrades saw a dramatic turnaround for the worse in 2023, with Revenues nearly evaporating entirely as the company posted a loss that ate up most of its shareholders’ equity. After a 47% rise in...
Binance Introduces New Earn Wednesday Limited-Time Offers
Terrill Dicki Aug 21, 2024 12:30 Binance announces new limited-time offers available every Wednesday through its Earn platform, including Simple Earn, ETH Staking, and Dual Investment. Binance, the leading...
L&T Finance Limited penalised for excess claim of input tax credit, ET BFSI
The L&T Finance Limited has been penalised Rs. 28 Lakh under Section 73 of the Central Goods and Service Tax Act, 2017 by the Deputy Commissioner of State Tax, Special Circle, Patna, Bihar, according to the exchange filling.The penalty is levied on the violations...
20 Reasons I Love YNAB
At first, when I was asked to write this list of 20 reasons I love YNAB, I was a little hesitant. That’s a whole lotta reasons… But, I should’ve known better. As I wrote, they just kept on coming. You see, YNAB has changed my financial wellbeing—profoundly. And I’m...
PM Modi, FM Sitharaman lauds financial inclusion scheme, ET BFSI
The Pradhan Mantri Jan Dhan Yojana (PMJDY) on August 28, 2024, completed ten years of its implementation. The scheme launched in 2014, has proven to be the foundation stone in bringing over 80 per cent of Indian women under the ambit of financial inclusion, reported...
Bitcoin is a dipping below the $61,000 level and works quickly toward $60,000
The price of bitcoin is trading to a new low and in the process has moved below the $61,000 level.It is also moving further away from the near converged 100 and 200-day moving averages (blue and green lines on the chart above) which come in at $63,478 and $63,712. The...
Cryptocurrencies tumble amid a wave of long liquidations, bitcoin falls under $60,000
Cryptocurrencies extended declines from Tuesday as Asia futures pointed lower, triggering a wave of liquidations on the Bybit exchange.The price of bitcoin was last lower by 5.9% at $59,421.95 on Wednesday, according to Coin Metrics. Ether tumbled more than 4.5% to...
NFL wants to take percentage of private equity investment profits
Brock Purdy, #13 of the San Francisco 49ers, prepares to take a snap in the first quarter against the Kansas City Chiefs during Super Bowl LVIII at Allegiant Stadium in Las Vegas on Feb. 11, 2024.Michael Reaves | Getty ImagesThe National Football League has informed...
NVIDIA Unveils Spectrum-X to Enhance Large-Scale AI Workloads
James Ding Aug 27, 2024 19:27 NVIDIA introduces Spectrum-X, a high-performance Ethernet fabric, to optimize AI workloads and enhance data center efficiency. In a significant move to address the growing demands...
Standard Chartered names Jean Lu its CEO for China
Standard Chartered Bank announced today the appointment of Jean Lu as Chief Executive Officer, China and Executive Vice Chairperson of the Board of Standard Chartered Bank (China) Limited, with immediate effect. Jean Lu In her new role, Jean will oversee the Bank’s...
Nasdaq, CF Benchmarks collaborate on Nasdaq Bitcoin Index Options
Nasdaq (NASDAQ:NDAQ), in partnership with CF Benchmarks, today announced its filing with the Securities and Exchange Commission to list and trade Nasdaq Bitcoin Index Options (XBTX). Upon regulatory approval, investors will be able to manage positions and hedge...
Anthropic’s Artifacts Now Available to All Claude.ai Users
Caroline Bishop Aug 27, 2024 18:36 Anthropic announces the general availability of Artifacts for all Claude.ai users across Free, Pro, and Team plans, enhancing creative collaboration. Anthropic has announced...
CME Group to launch Bitcoin Friday futures
International derivatives marketplace CME Group today announced it will further expand its cryptocurrency derivatives offerings with the introduction of Bitcoin Friday futures (BFF) on September 30, pending regulatory review. Sized at one-fiftieth of one bitcoin,...
Taiko’s First 90 Days: Milestones and Future Plans
Ted Hisokawa Aug 27, 2024 17:38 Taiko celebrates 90 days since its mainnet launch, highlighting significant achievements and future plans in the Ethereum rollup ecosystem. Taiko, a pioneering Ethereum-based...
This water treatment startup is already a unicorn
While it might seem like humans and animals consume most of the world's water, heavy industry uses up to half of it. That's why business sectors are looking for new ways to recycle water, especially in the face of increased drought.Some of the world's most essential...
Gold’s Price Prospects Amid Middle East Tensions and Fed Policies :: InvestMacro
By RoboForex Analytical DepartmentGold prices have recently dipped to 2507 USD per troy ounce but are poised for a potential rebound due to increased demand for safe-haven assets amid escalating conflict in the Middle East. Additionally, anticipations of monetary...
Binance Affiliates Can Earn Up to 95,000 USDC in New Content Challenge
Caroline Bishop Aug 27, 2024 17:03 Binance announces a content challenge campaign for affiliates with rewards up to 95,000 USDC. The campaign runs from August 27 to September 30, 2024. Binance has unveiled an...
BNB Chain Facilitates Telegram Mini-dApps Development
Alvin Lang Aug 27, 2024 16:41 Discover how BNB Chain is enabling the development of Telegram mini-dApps, reducing dependency on TON wallets, and providing seamless user experiences. BNB Chain is making strides...
Trump taps RFK Jr., Tulsi Gabbard for transition team
Former President Donald Trump has added his onetime campaign rival Robert F. Kennedy Jr. and the former Democratic Rep. Tulsi Gabbard to his presidential transition team, a spokesman confirmed Tuesday.Both Kennedy and Gabbard endorsed Trump in the past week in his...
TradingView adds new filters and columns in Stock Screener
TradingView has enhanced the Stock Screener by introducing new filters and columns: Recent earnings date and Upcoming earnings date. They provide insight into the dates of a company’s most recent or upcoming earnings reports, helping you make more informed decisions...
Spurt in travel spurs credit card spends overseas, BFSI News, ET BFSI
Overseas credit card spending increased more than prepaid payment instruments (PPIs) and debit cards over the past two years due to a spurt in travel after the easing of travel restrictions after the Covid-19 pandemic and higher reward points given by card issuers....
Home prices hit record high in June on S&P Case-Shiller Index
Even as mortgage interest rates were rising, home prices reached the highest level ever on the S&P CoreLogic Case-Shiller U.S. National Home Price Index.On a three-month running average ended in June, prices nationally were 5.4% higher than they were in June 2023,...
Maharashtra AAR rules no GST on RBI’s penalties, late fees, and fines, ET BFSI
In a significant ruling, the Maharashtra Authority for Advance Rulings (AAR) has determined that penalties, late fees, penal interest, and fines imposed by the Reserve Bank of India (RBI) are not subject to Goods and Services Tax (GST). The decision, outlined in Order...
Buy now, pay later firm Klarna swings to first-half profit ahead of IPO
"Buy-now, pay-later" firm Klarna aims to return to profit by summer 2023.Jakub Porzycki | NurPhoto | Getty ImagesKlarna said it posted a profit in the first half of the year, swinging into the black from a loss last year as the buy now, pay later pioneer edges closer...
Major New Upleg Starting in Copper? :: InvestMacro
Technical Analyst Clive Maund shares an update where he explains why now is a great time to buy all things copper.Copper looks ready for its next big runup, which could be massive. It has been performing very well indeed technically, as we can see on its latest...
Banks are closed for 15 days in September; check complete state-wise holiday list, ET BFSI
In September 2024, banks will remain closed for 15 days in various states, including the second and fourth Saturdays as well as Sundays. The Reserve Bank of India (RBI) releases a monthly list of bank holidays to ensure that customers are not inconvenienced and can...
NVIDIA and Partners Unveil NIM Agent Blueprints to Accelerate AI Application Development
Caroline Bishop Aug 27, 2024 15:29 NVIDIA and global partners have launched NIM Agent Blueprints to help enterprises build and deploy generative AI applications for various use cases. NVIDIA, in collaboration...
Govt capex boosts GDP growth by 3.4 pc from 1.6 pc over last 10 years: Moody’s, ET BFSI
New Delhi [India], August 27 (ANI): Over the last ten years, the government has escalated its capital spending on infrastructure from Rs 1.97 trillion (1.6 per cent of GDP) in FY2014-15 to Rs 11.1 trillion (3.4 per cent of GDP) in FY2024-25, according to Moody's.This...
Interactive Brokers enables its clients to trade stocks on Bursa Malaysia
Electronic trading major Interactive Brokers (NASDAQ:IBKR) today announced that its clients can trade stocks on Bursa Malaysia, one of the largest stock exchanges in Southeast Asia. With this launch, IBKR clients can trade Malaysian Ringgit (MYR) denominated equities...
Yes Bank ousts its country head of financial markets Amit Sureka, ET BFSI
Yes Bank on Tuesday relieved Amit Sureka from his duties as the country head of its financial markets division.The lender, in a statement, did not mention the reason for Sureka's removal.Sureka, based in the lender's Mumbai branch, had joined Yes Bank in 2005.Yes...
NVIDIA NIM Agent Blueprints Propel Enterprise Generative AI
Rebeca Moen Aug 27, 2024 14:52 NVIDIA launches NIM Agent Blueprints to fast-track enterprise generative AI applications, enhancing business objectives with advanced AI tools. The initial wave of generative AI...
Oil prices jumped amid increased geopolitical risk in the Middle East. Investors focus on the Australian inflation data :: InvestMacro
By JustMarketsAt Monday’s close, the Dow Jones (US30) Index was up 0.16%, while the S&P 500 (US500) Index was down 0.32%. The NASDAQ Technology Index (US100) closed negative 0.85%.On Monday, San Francisco Fed Chair Mary Daly said that “the time to adjust policy is...
Muthoot Microfin secures $15 million from Triple Jump, nears $35 million deal with BlueOrchard, ET BFSI
Muthoot Microfin has finalised a deal with Dutch development finance institution Triple Jump to raise $15 million in non-convertible debentures, while it is in advanced stage of discussions to raise another $35 million from Swiss impact investor BlueOrchard even as...
Insolvency resolution time increases as 21,000 cases pile up before 15 NCLTs, ET BFSI
The average time taken to conclude the corporate insolvency resolution process (CIRP) has increased to 680 days as of March 2024, up from 611 days a year ago, according to official data.Currently, nearly 21,000 cases are pending before the 15 NCLT benches, with...
Bitfarms Expands U.S. Operations with Control of Sharon, PA Data Center
Felix Pinkston Aug 27, 2024 13:33 Bitfarms Ltd. has assumed control of its first large-scale site in the U.S., increasing its American footprint from 20 MW to 140 MW. Bitfarms Ltd. (Nasdaq/TSX: BITF), a global...
Hindenburg Research discloses short position in server maker Super Micro
The logos of Super Micro Computer are pictured at one of the world's largest computer and technology trade shows.Ann Wang | ReutersShort seller Hindenburg Research said on Tuesday it had a short position in server maker Super Micro Computer, citing evidence of...
New Travel Rule Regulations Impacting Crypto Transactions
Timothy Morano Aug 27, 2024 13:50 In a recent podcast, Alice Nawfal discusses how new Travel Rule regulations are shaping the crypto industry and the compliance challenges faced by VASPs. The latest episode of...
AvaTrade expands LATAM presence with Colombia SFC authorisation
Ireland and Israel based Retail FX and CFDs broker AvaTrade has announced that the company has received authorisation from the Financial Superintendence of Colombia (SFC) to operate within the country. The company said that this pivotal achievement underscores...
HSBC ramps up funding corpus for tech startups to $600 million from $250 million, ET BFSI
HSBC India has expanded its funding programme for local tech startups to $600 million as the UK-based bank bets on robust growth in the sector, which would prompt more and more firms to opt for global exposure, a senior executive said to ET.“What the bank decided five...
Ministers panel on GST reviews rates of several categories, ET BFSI
Representative ImageThe group of ministers (GoM) on GST rate rationalisation may have deferred a plan to rework slabs but it is undertaking a thorough review of rates across several categories, including items in the 12% and 18% brackets and will take a call on...
UK’s Starmer warns of “painful” October budget to tackle public finances
Prime Minister Sir Keir Starmer during his speech and press conference in the Rose Garden at 10 Downing Street on August 27, 2024 in London, England.Wpa Pool | Getty Images News | Getty ImagesLONDON — U.K. Prime Minister Keir Starmer on Tuesday told the nation that...
NFL private equity ownership vote expected to approve select firms
Jacob Kupferman | Getty ImagesThe NFL's most exclusive club is about to let in new members. At a special league meeting in Eagan, Minnesota, on Tuesday, the National Football League's 32 owners are expected to vote in favor of allowing select private equity firms to...
US30 index hits record intraday high! :: InvestMacro
By ForexTimeUS30 posted highest-ever intraday price on Monday, August 26thUS stock markets cheer incoming Fed rate cutsUS30/Dow index could climb another 7% by August 2025Technicals: US30 yet to reach “overbought” conditionsThis week’s key events: Nvidia earnings, US...
India Shelter Finance Corporation Limited Receives Upgraded Credit Rating from ICRA, ET BFSI
Gurugram, Haryana, India (NewsVoir) India Shelter Finance Corporation Limited, a one of the premier housing finance companies announces that ICRA Limited has upgraded the credit ratings of its Non-Convertible Debentures (NCD) and term loans. The rating for India...
Binance Announces VIP ‘Supernova’ Program with $20,000 in Rewards
Luisa Crawford Aug 27, 2024 12:47 Binance introduces the VIP 'Supernova' Program, offering $20,000 in rewards through Binance Gift Packs and Trading Fee Rebate vouchers. Binance, a leading global cryptocurrency...
Review going on, a rate reset may come by September end, ET BFSI
The keenly-watched plan to rework the GST rates may have been pushed a bit down the road, but a lot has been going on in the background, ToI reported on August 27. The Group of Ministers (GoM) tasked with resetting rates is conducting a thorough review of various...
Sony raises price of PlayStation 5 in Japan by 19%
The PlayStation DualSense controller and PlayStation 5 console.Jakub Porzycki | Nurphoto | Getty ImagesSony on Tuesday announced a price hike for its flagship PlayStation 5 console, even as the device enters its fourth year on the market.The Japanese gaming giant said...
ICE partners with Space Intelligence to launch ICE’s Commodity Traceability Service
Intercontinental Exchange, Inc. (NYSE:ICE) today announced that ICE Benchmark Administration Limited (IBA) is collaborating with Space Intelligence, a provider of high accuracy nature mapping data, to launch the ICE Commodity Traceability Service (ICE CoT). ICE CoT is...
report, BFSI News, ET BFSI
Cobranded credit cards are expected to account for about 25% of the Indian credit card market in terms of issuances by the end of FY28, growing at a compound annual growth rate of 35-40%, according to a report by fintech startup Hyperface and consultancy firm...
Nvidia is world’s ‘most important stock,’ adds pressure to Q2 earnings
Nvidia CEO Jensen Huang makes a speech at an event at COMPUTEX forum in Taipei, Taiwan June 4, 2024. Ann Wang | ReutersFor Nvidia investors, the past two years have been a joyride. But recently they've been on more of a roller coaster.As the primary beneficiary of the...
Understanding the Cost of AI Image Generation Apps: A Detailed Guide
Zach Anderson Aug 27, 2024 11:44 Explore the pricing, features, and subscription plans of top AI image generation apps like Craiyon, Leonardo.Ai, and DeepAI. AI image generation has revolutionized visual content...
EAM Jaishankar hails ‘productive’ India-Singapore Ministerial Roundtable, ET BFSI
Singapore, India and Singapore explored enhanced cooperation in digital, skill development, sustainability, healthcare, connectivity and advanced manufacturing areas during the 2nd India-Singapore Ministerial Roundtable (ISMR) held in Singapore on Monday. External...
Russia warns France over Telegram founder Pavel Durov’s detainment
Telegram founder and CEO Pavel DurovAOP.Press | Corbis | Getty ImagesRussia on Tuesday issued words of caution to France over its detainment of Pavel Durov, the CEO and founder of messaging app Telegram, suggesting the move may be politically motivated.On Saturday,...
Space missions are getting more complex − lessons from Amazon and FedEx can inform satellite and spacecraft management in orbit :: InvestMacro
By Koki Ho, Georgia Institute of Technology and Mariel Borowitz, Georgia Institute of Technology Most space mission systems historically have used one spacecraft designed to complete an entire mission independently. Whether it was a weather satellite or a human-crewed...
India’s Shriram Finance plans to raise up to $1.5 billion from overseas, CEO says, ET BFSI
BENGALURU -Indian non-banking lender Shriram Finance plans to raise up to $1.5 billion from the overseas market in the current fiscal year in a bid to diversify its borrowings, its chief executive told Reuters on Tuesday."We are targeting to raise anywhere between...
Zuckerberg alleges White House ‘pressured’ Meta to ‘censor’ Covid-19 content
Mark Zuckerberg, CEO of Meta, testifies during the Senate Judiciary Committee hearing titled "Big Tech and the Online Child Sexual Exploitation Crisis," in Dirksen building on Wednesday, January 31, 2024.Tom Williams | CQ-Roll Call, Inc. | Getty ImagesThe Biden...
Eli Lilly releases new, cheaper form of weight loss drug
An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City on Dec. 11, 2023.Brendan McDermid | ReutersEli Lilly on Tuesday released a new form of its weight loss drug Zepbound for roughly half its usual monthly list price to reach...
BitMEX Introduces Fair Price Marking for DOGSUSDTQ24
James Ding Aug 27, 2024 09:13 BitMEX has updated the Mark Method for DOGSUSDTQ24 to Fair Price marking, effective August 27, 2024, enhancing price accuracy. BitMEX has announced a significant update for the...
AI integration in finance sector unlocks new opportunities: Shaktikanta Das, ET BFSI
AI integration in finance sector unlocks new opportunities: Shaktikanta DasIntegration of artificial intelligence (AI) into financial services brings significant opportunities for all stakeholders, the Reserve Bank of India (RBI) Governor Shaktikanta Das on...
PolitiFi Tokens Surge 782.4% in 2024, Surpassing Meme Coins
Rebeca Moen Aug 27, 2024 10:27 PolitiFi tokens have surged 782.4% in 2024, significantly outperforming meme coins. Learn about the top performers and key events driving this trend. As the 2024 US election nears,...
HKEX appoints Johnson Chui as Managing Director, Head of Global Issuer Services
Hong Kong Exchanges and Clearing Limited (HKEX) today announced the appointment of Mr Johnson Chui as Managing Director, Head of Global Issuer Services. Mr Chui will join the Group on 2 September 2024, reporting jointly to Wilfred Yiu and Glenda So in their capacity...
Small finance banks credit growth expected to slow down to 26% this fiscal, ET BFSI
Growth in small finance banks (SFB) is expected to slow down by a few percentage points to 26% this fiscal, from 28% in previous fiscal, as these banks are likely to explore alternate non deposit avenues to fund credit growth, said a report by Crisil.This estimates...
PyTorch vs. TensorFlow vs. Keras: Key Differences
Deep learning frameworks help in easier development and deployment of machine learning models. The frameworks support AI systems with learning, training models, and implementation. The three most prominent deep learning frameworks right now include PyTorch, Keras, and...
Euronext, Nord Pool to launch Nordic and Baltic power futures market
Euronext today announced that Nord Pool will enter a new area of business with the launch, together with Euronext, of a dedicated Nordic and Baltic power derivatives market. The new Euronext Nord Pool Power Futures market will be traded on Euronext’s pan-European...
Convin secures $6.5 million in funding for expansion plan, BFSI News, ET BFSI
Convin, an AI-powered conversation intelligence platform, has raised $6.5 million in a funding round led by India Quotient.The money will be used for expanding the Bengaluru-based company’s core team and distribution channels, its chief executive, Ashish Santhalia,...
NABARD issues admit cards for Grade A Recruitment Exam 2024
NABARD has released admit card for Prelims Exam which can be downloaded from its official website.
SSV Network and Ether.fi Launch Learn and Earn Campaign with $50K Prize Pool
Tony Kim Aug 27, 2024 09:54 SSV Network and Ether.fi have partnered to launch a Learn and Earn campaign, offering participants a chance to win from a $50,000 prize pool by learning about DVT. SSV Network and...
Apple to replace CFO Luca Maestri on Jan. 1
Luca Maestri speaks to newly graduated students during the visit of the President of the Council, Giuseppe Conte, to Apple and Cisco Academy.Marco Cantile | Lightrocket | Getty ImagesApple announced Monday that it will replace Chief Financial Officer Luca Maestri on...
Former director of Growth Plus Financial Group sentenced to 12 years imprisonment for fraud
Ben Jayaweera, a former financial adviser and director of Growth Plus Financial Group Pty Ltd (in Liquidation), has been sentenced to 12 years’ imprisonment following a hearing in the Brisbane District Court on 26 August 2024. On 23 August 2024, a jury found Mr...
Yes Bank ties up with Newtap Finance to Offer Financing Solutions, ET BFSI
Private sector lender Yes Bank, has entered into a co-lending partnership with Newtap Finance to provide personalised financing solutions to creditworthy individuals on CRED.Dreamplug Technologies Private Limited (DTPL), which operates CRED, will serve as the Lending...
Ministers panel on GST reviews rates of several categories, ET BFSI
The group of ministers (GoM) on GST rate rationalisation may have deferred a plan to rework slabs but it is undertaking a thorough review of rates across several categories, including items in the 12% and 18% brackets and will take a call on several products and...
Amazon aggregators Branded, Heyday plan to merge as industry shrinks
An Amazon contract worker pulls a cart of packages for delivery in New York, US, on Monday, April 22, 2024.Angus Mordant | Bloomberg | Getty ImagesAmazon aggregators Branded and Heyday plan to merge, CNBC has learned, as a segment of the e-commerce industry that...
Hong Kong Monetary Authority Warns Public About Impersonation Scam
Luisa Crawford Aug 27, 2024 08:44 The Hong Kong Mortgage Corporation Limited (HKMC) alerts the public to an impersonation scam involving fake loan offers and a fraudulent website. The Hong Kong Mortgage...
Will RBI’s new gambit Unified Lending Interface be a gamechanger like UPI?, ET BFSI
The Reserve Bank of India (RBI) is set to introduce a new digital platform that could reshape the lending sector. The Unified Lending Interface (ULI) is poised to do for credit what the Unified Payments Interface (UPI) did for digital payments—streamline processes,...
Martin Shkreli must surrender Wu-Tang Clan album copies
Martin Shkreli, former chief executive officer of Turing Pharmaceuticals AG, exits court in New York, US, on Wednesday, Oct. 4, 2023. Yuki Iwamura | Bloomberg | Getty ImagesA New York federal judge on Monday ordered notorious "pharma bro" Martin Shkreli to surrender...
Restaurants fight FTC junk fee crackdown over surcharges
Leopatrizi | E+ | Getty ImagesLawmakers want to crack down on "junk fees," but restaurants are trying to stay out of the fight.Surcharges or fees covering everything from credit card processing to gratuities to "inflation" have become more popular on restaurant checks...
Plus500 to commence new $110M share buyback program
Plus500 Ltd (LON:PLUS), a global multi‐asset fintech group, announced that it will commence a new share buyback programme today to purchase a total of up to $110 million of the company’s shares. The Share Buyback Programme is part of the $185.5 million of shareholder...
How TapFin is opening the funding tap for startups in sustainability space, ET BFSI
The focus on sustainability has in the past couple of years led to the rise of startups working to mitigate climate change. Mumbai-based sustainable financing platform TapFin is working on removing the financial barriers of these startups and also promoting more...
Canada to slap 100% import tariffs on Chinese electric vehicles
Canada's Prime Minister Justin Trudeau speaks during a press conference following a cabinet shuffle, at Rideau Hall, in Ottawa, Ontario, Canada, July 26, 2023.Blair Gable | ReutersCanada said on Monday it would impose 100% import tariffs on China-made electric...
RBI looks to soften blow of tighter infrastructure funding rules, ET BFSI
The Reserve Bank of India (RBI) is contemplating a staggered implementation of the increase in provisioning for project financing to soften the blow on lenders and give them ample time to prepare for any impact on profitability. Projects nearing completion may also be...
Rupee slips but state-run banks’ dollar sales cap losses, BFSI News, ET BFSI
By Jaspreet KalraMUMBAI - The Indian rupee weakened slightly on Tuesday, tracking a decline in its Asian peers, but its losses were limited by mild dollar sales by state-run banks, traders said.The rupee was at 83.9325 as of 10:10 a.m. IST, against a close of 83.90 in...
This Nvidia partner can help AI data centers halve energy consumption
The HyperCube utilizes advanced immersion cooling technology.Sustainable Metal CloudThe artificial intelligence boom is ramping up demand for more powerful processors as well as the energy needed to keep data centers cool.That's an opportunity for data center company...
Bitcoin rally helps create 84,000 new crypto billionaires in a year
In this photo illustration, a visual representation of the digital Cryptocurrency, Bitcoin is on display in Paris, France, on March 5, 2024.Chesnot | Getty Images News | Getty ImagesThe population of crypto millionaires in the world soared 95% over the past year as...
Smith urges appeals court to reverse dismissal
Former U.S. President Donald Trump delivers remarks during an event following his arraignment on classified document charges, at Trump National Golf Club in Bedminster, New Jersey, on June 13, 2023.Amr Alfiky | ReutersSpecial counsel Jack Smith on Monday urged a...
Examining the Costs of AI Video Generation Platforms: A Comprehensive Breakdown
Felix Pinkston Aug 27, 2024 08:10 Analyze the costs of AI video generation platforms like Leonardo.AI, DeepAI, and InVideo. Learn about plans, features, and pricing to make an informed choice. AI video...
SIX, Diebold Nixdorf partner to secure long-term cash supply in Switzerland through innovative approaches
SIX and Diebold Nixdorf are entering into a cooperation to secure the long-term cash supply in Switzerland through innovative approaches. The digitalization of payments is progressing rapidly, and cash and cash supply are adapting to market changes. In Switzerland,...
Together.ai Unveils Rerank API and Salesforce LlamaRank for Enhanced Enterprise Search
Peter Zhang Aug 27, 2024 07:48 Together.ai introduces a serverless Rerank API and exclusive access to Salesforce's LlamaRank model, enhancing enterprise search and Retrieval Augmented Generation (RAG) systems. ...
Reliance Home Finance, Reliance Power shares hit lower circuit limits, ET BFSI
New Delhi: Shares of Anil Ambani-led group firms -- Reliance Home Finance Ltd, Reliance Power and Reliance Communications -- hit their lower circuit limits on Monday as investors continued to desert the counters after markets regulator Sebi barred the industrialist...
Outgoing RBI policymaker contradicts central bank on food risks, ET BFSI
An outgoing member of the Reserve Bank of India’s interest-rate panel said there’s no evidence higher food costs are pushing up prices more broadly in the economy, a reason often cited by Governor Shaktikanta Das for keeping monetary policy tight.Jayanth Rama Varma —...
AMD Releases Ryzen AI Software 1.2 with Enhanced Tools and Capabilities
James Ding Aug 26, 2024 18:35 AMD introduces Ryzen AI Software 1.2, offering developers new tools and enhanced hardware support for AI-driven applications, according to AMD.com. AMD has unveiled the latest...
Mavericks, Pelicans games leave local networks amid Diamond bankruptcy
The NBA logo before the game between the Detroit Pistons and Charlotte Hornets at Little Caesars Arena in Detroit on March 11, 2024.Nic Antaya | Getty ImagesDallas Mavericks and New Orleans Pelicans fans are waiting for a new way to watch local games in the upcoming...
DeepBook Enhances DeFi Capabilities with Version 3 Launch
Alvin Lang Aug 26, 2024 17:55 DeepBook unveils Version 3 on Sui Testnet, introducing key features like reduced gas fees and dynamic trading fees to enhance DeFi protocols. DeepBook has launched its latest...
Trump clemency recipient Jonathan Braun arrest eyed by judge
Republican Presidential nominee, former president Donald J. Trump remarks during a campaign event at Precision Custom Components on August 19, 2024 in York, Pennsylvania. Tierney L. Cross | Getty ImagesA New York federal judge has ordered U.S. probation officials to...
Banks leaning on CDs for near-term funding needs, ET BFSI
Mumbai: With deposit mobilisation becoming a challenge, Indian banks are relying heavily on certificates of deposit (CDs) to meet their near-term funding needs, according to central bank data.In July, CDs issued by banks grew by more than 38% year-on-year to ₹4.3 lakh...
NVIDIA Unveils New CUDA Libraries, Promises Major Speed and Efficiency Gains
Felix Pinkston Aug 26, 2024 17:26 NVIDIA introduces new CUDA libraries to enhance accelerated computing, offering substantial speed and energy efficiency improvements across various applications. NVIDIA has...
Domestic banks and NBFCs increase exposure to Adani Group to 36% of total debt, ET BFSI
Domestic banks and non-banking financial companies (NBFCs) now account for 36% of the Adani Group's total debt mix, having raised their exposure to the group by around 500 basis points through 2023-24, data showed. Debt at the Indian conglomerate rose on account of...
AssemblyAI Enhances Automatic Language Detection with Broader Support and Higher Accuracy
Zach Anderson Aug 26, 2024 16:49 AssemblyAI announces improvements in its automatic language detection model, offering increased accuracy and expanded support for 17 languages. AssemblyAI has announced...
Banks up tech hiring with RBI pushing for enhanced risk management, ET BFSI
As India’s central bank steps up the emphasis on financial sector stability, banks are beefing up their technology teams and enhancing IT spending, as cybersecurity concerns and the need for AI-led services are increasingly becoming core to the sector.Even as overall...
NVIDIA AI Workbench Simplifies GPU Utilization on Windows
Rebeca Moen Aug 26, 2024 16:27 NVIDIA's AI Workbench streamlines data science, ML, and AI projects across PCs, workstations, datacenters, and cloud environments. NVIDIA has introduced the AI Workbench, a free...
Apple announces iPhone event for Sept. 9
Tim Cook, CEO of Apple, at the Allen & Company Sun Valley Conference in Sun Valley, Idaho, on July 9, 2024.David A. Grogan | CNBCApple announced it will hold a press event at its headquarters in Cupertino, California, on Monday, Sept. 9, where the company is...
Bahrain broker CoinMENA employs Bitpanda tech to expand crypto asset offering
Digital assets infrastructure provider Bitpanda Technology Solutions has announced a strategic partnership with CoinMENA B.S.C., a crypto asset platform licensed by the Central Bank of Bahrain and sister company CoinMENA FZE, licensed by the Dubai Virtual Asset...
Earn High Interest Rates with NBFC Fixed Deposits on Bajaj Markets, ET BFSI
HT SyndicationNew Delhi [India], August 26: Bajaj Markets, an online financial marketplace, offers a wide range of Fixed Deposits (FDs) through its partnerships with some of the leading Non-banking Financial Companies (NBFCs) in India. It allows investors to...
Ensuro Leverages USDC to Enhance Insurance Accessibility for Underserved Populations
Timothy Morano Aug 26, 2024 15:17 Ensuro, using USDC, is revolutionizing insurance by making it more inclusive and capital efficient, especially for underserved populations. Mainstream adoption of blockchain...
iDenfy adds Face Authentication tool to speed client onboarding
Lithuania based RegTech solutions provider iDenfy has announced the launch of a new Face Authentication service. iDenfy, best known for its variety of KYC tools, said that the new cutting-edge technology is designed to detect fraudulent biometrics and add extra...
Latest HDFC Bank, IDFC FIRST Bank credit card rules effective from September 2024, ET BFSI
HDFC Bank has modified the loyalty program for specific credit cards. IDFC FIRST has made major changes to its credit card payment terms, such as the minimum amount due (MAD) and payment due date. The updated regulations will take effect on September 1, 2024.A...
ABC News event in doubt
Republican presidential nominee and former U.S. President Donald Trump speaks during a visit to the Livingston County Sheriff's Office in Howell, Michigan, U.S., August 20, 2024. Rebecca Cook | ReutersRepublican presidential nominee Donald Trump is waffling on whether...
MoneyGram appoints Josh Gordon-Blake as Chief Digital Officer
MoneyGram International, Inc., a global financial technology company, today announced the appointment of Josh Gordon-Blake as Chief Digital Officer. As the Company’s digital business surges, Gordon-Blake joins to amplify momentum, spearheading digital strategy with a...
BNB Chain Celebrates 4-Year Anniversary with Ecosystem-Wide Campaigns and Rewards
Rebeca Moen Aug 26, 2024 13:10 BNB Chain marks its 4th anniversary with a series of campaigns, airdrops, and giveaways, offering over $200,000 in rewards and a special NFT. As BNB Chain approaches its 4-year...
REC to fund JNPA projects up to ₹45000 crore; MoU covers development of Vadhavan Port, ET BFSI
Rahul Dwivedi, Executive Director, REC, signed the MoU with Unmesh Sharad Wagh, Chairman, JNPA, in New Delhi on Monday.REC Ltd, Maharatna PSU under Ministry of Power and a leading NBFC, signed an MoU with Jawaharlal Nehru Port Authority (JNPA) for financing upto...
5 things to know before the stock market opens Monday
Here are the most important news items that investors need to start their trading day:1. Fed by the FedStocks jumped last week as investors looked toward an expected interest rate cut in September. Federal Reserve Chair Jerome Powell bolstered a solid run for stocks...
Binance Introduces Dogs (DOGS) on Multiple Platforms Including Earn and Margin
Darius Baruo Aug 26, 2024 14:10 Binance expands its offerings by adding Dogs (DOGS) to Binance Simple Earn, Buy Crypto, Convert, and Margin platforms. Binance, a leading cryptocurrency exchange, has announced...
Dexcom launches Stelo, its first over-the-counter continuous glucose monitor
Zoom In IconArrows pointing outwardsUser wearing Stelo CGM from Dexcom.Courtesy of DexcomDexcom on Monday announced its new over-the-counter continuous glucose monitor Stelo is officially available for purchase in the U.S.Glucose is a type of sugar people receive from...
Powell’s dovish comments support indices’ growth. Silver rises after gold :: InvestMacro
By JustMarketsOn Friday, the Dow Jones (US30) gained 1.14% (for the week +1.24%), while the S&P 500 (US500) gained 1.15% (for the week +1.39%). The NASDAQ Technology Index (US100) closed positive 1.47% (for the week +1.29%).Speaking at the Fed’s annual symposium...
Small Savings Schemes: 6 new rules from October 1 for PPF, NSS, Sukanya Samriddhi Yojana & other schemes
Small Savings schemes latest news: The Ministry of Finance's Department of Economic Affairs has issued guidelines for regularizing irregularly opened accounts under the National Small Savings (NSS) schemes through Post Offices. These changes were announced in a...
Canaan Inc. to Join Macquarie’s 15th Annual ASEAN Conference
James Ding Aug 26, 2024 13:38 Canaan Inc. (NASDAQ: CAN) will participate in Macquarie's 15th Annual ASEAN Conference on August 27-28, 2024, hosting one-on-one meetings with institutional investors. Canaan Inc....
Boeing Starliner returning empty, NASA to use SpaceX to get astronauts
NASA astronauts Butch Wilmore, left, and Suni Williams pose inside the hatch connecting Boeing's Starliner to the International Space Station onNASABoeing will return its Starliner capsule from the International Space Station without the NASA astronauts that it...
Canada imposes a 100% tariff on imports of Chinese-made electric vehicles
Canadian Prime Minister Justin Trudeau speaks during a joint news conference with U.S. President Joe Biden, in Ottawa, Ontario, Canada, March 24, 2023.Kevin Lamarque | ReutersCanada's government is imposing a 100% tariff on imports of Chinese-made electric vehicles...
Saxo Japan to change trading conditions for five FX pairs
Saxo Bank Securities Co., Ltd., the Japanese subsidiary of multi-asset investment specialist Saxo Bank, today issued a notice regarding trading conditions. The broker explains that the foreign exchange market has recently experienced significant fluctuations, and that...
Reliance Capital lenders move NCLAT over IIHL’s payment delay, ET BFSI
The secured lenders of Reliance Capital have moved the National Company Law Appellate Tribunal seeking to modify the tribunal's order to include interest on the delayed payment by Hinduja Group-owned IndusInd International Holdings (IIHL).The committee of creditors of...
Japanese Yen Gains as USD Weakens and BOJ Signals Possible Rate Hike :: InvestMacro
By RoboForex Analytical DepartmentThe Japanese yen has shown a notable strengthening, with the USD/JPY pair dropping to 143.99 on Monday, marking a three-week low. This movement is primarily driven by the weakness of the US dollar and significant remarks from the Bank...
Risk Appetite Returns to Bitcoin (BTC) Following Federal Reserve’s Hints at Rate Cuts
Peter Zhang Aug 26, 2024 12:33 Bitcoin (BTC) surged to $65,000 as risk appetite returned following Federal Reserve Chair Jerome Powell's comments on potential rate cuts. Bitcoin (BTC) surged to $65,000 on August...
SBI Research anticipates Q1 GDP growth at 7.1%, in line with RBI forecast, ET BFSI
The Indian economy is expected to grow at 7.0-7.1 per cent in the April-June period, the first quarter of 2024-25, according to a report by SBI Research, released just days before the government is set to publish the official data.However, this growth forecast comes...
HDFC Bank partners with Zeta for its credit line on UPI offerings, ET BFSI
HDFC's association with Zeta includes working together on PayZapp, the Bank’s payments app, the acceptance of which continues to grow at a very rapid pace.Zeta, a provider of next-gen banking technology to financial institutions globally, on Monday announced its...
HKMA Alerts Public on Fraudulent Websites and Social Media Accounts Linked to Airstar Bank
Luisa Crawford Aug 26, 2024 09:55 The Hong Kong Monetary Authority (HKMA) has issued a warning about fraudulent websites and social media accounts impersonating Airstar Bank Limited. The Hong Kong Monetary...
Jio Financial Services gets nod to raise foreign investment limit to 49%, ET BFSI
Jio Financial Services Ltd Sunday said it has received approval from the Department of Economic Affairs to increase its aggregate limit of foreign investment (including FPIs) to 49% of the paid-up equity share capital on fully diluted basis.Foreign investors currently...
Binance Announces Updates to Spot Liquidity Provider Program
Jessie A Ellis Aug 26, 2024 11:22 Binance is set to update its Spot Liquidity Provider Program on September 9, 2024, introducing new benchmarks and qualifications. Binance, one of the world's leading...
An initiative to connect MSMEs globally, ET BFSI
Representative ImageThe Union Government has recently initiated the creation of Trade Connect ePlatform, an initiative that aims to connect the Indian enterprises, specially the MSMEs to global platform.Union Minister of State for Commerce and Industry, Jitin Prasada...
BitMEX to List New XBT Futures Contract Expiring in October 2024
Zach Anderson Aug 26, 2024 10:12 BitMEX announces the listing of a new XBT futures contract, underlined and margined in Bitcoin, set to expire on October 25, 2024. BitMEX, a leading cryptocurrency derivatives...
27 Irresistible Formulas for Developing Headlines That Make People Click » Succeed As Your Own Boss
When it comes to developing great content, your headlines are key. Headlines are your first—and often only—chance to capture the attention of potential readers. A compelling headline can mean the difference between a click and a pass. Whether you’re crafting headlines...
IG integration with TradingView goes live for Australian clients
Electronic trading major IG today announced that its highly anticipated TradingView integration is now live and available for its Australian clients. This powerful tool will enhance trading experience, offering advanced charting and analysis features right at traders’...
Digital Currency vs Cryptocurrency: Key Differences
Money has been one of the key elements in how the world works. Imagine the chaos in society without a store of value and means to exchange products and services. The evolution of money has led it to the point where currency has turned digital. Most of you would have...
Banks to remain closed in these states today, ET BFSI
This Monday the banks will remain closed in certain states across India due to Janmashtami. The festival varies differently from state to state, hence some states will not observe a holiday on 26th August.The following are the states where the banks will be closed...
Trump ‘orange-pilled’ by three bitcoiners in Puerto Rico, $100 million
Former President Donald Trump's photograph is seen on a digital display outside of the venue ahead of his afternoon keynote speech on the final day of the Bitcoin 2024 conference at Music City Center July 27, 2024 in Nashville, Tennessee. Jon Cherry | Getty Images...
TRADE.com operator Trade Capital UK sees 18% increase in Revenue, 55% rise in Profit in 2023
Following a successful 2022, Trade Capital UK (TCUK) Ltd, the UK based company which operates the TRADE.com Retail FX and CFDs brand, has released its financials for 2023 indicating continued growth on both the top and bottom line. TCUK posted Revenues of £892K in...
Bitcoin (BTC) Inflows Surge to $543M as Powell Hints at Rate Cuts
Lawrence Jengar Aug 26, 2024 09:23 Digital asset investment products saw $533M in inflows, driven by Bitcoin (BTC) and Ethereum (ETH) activity, following Powell's rate cut hints. Digital asset investment...
Financing platform Velocity commits Rs 400 cr to fuel festive growth for digital brands, ET BFSI
Velocity founders -Abhiroop Medhekar, Atul Khichariya, and Saurav Swaroop New Delhi: In anticipation of a significant surge in festive season demand, debt financing startup Velocity has set aside Rs 400 crore to support digital-first brands with their inventory,...
State Street Global Advisors acquires stake in Raiz Invest
State Street Global Advisors, Inc, the asset management business of State Street Corporation (NYSE:STT), today announced a strategic investment in Raiz Invest Limited (ASX:RZI), an Australian fintech platform. The parties have entered into an equity investment...
RBI Guv announces Unified Lending Interface, India’s new ‘Jam Trinity’ of Digital Finance, ET BFSI
In a keynote address at the Global Conference on Digital Public Infrastructure and Emerging Technologies, a part of the RBI@90 initiative in Bangalore, RBI Governor Shaktikanta Das named the pilot launched in 2023 as Unified Lending Interface (ULI), describing it as...
EURUSD Eyes 2023 Top After Quick Rally
EURUSD returns to positive trend after Powell confirms dovish policy adjustment Technical signals reflect weakening positive bias; next resistance could be at 1.1240-1.1274 EURUSD has had a great August so far, rising sharply from 1.0776 to nearly 1.1200 to mark its...
Binance Futures to Launch USDⓈ-Margined NULS and DOGS Perpetual Contracts with 75x Leverage
Rebeca Moen Aug 26, 2024 08:26 Binance Futures announces the launch of USDⓈ-margined NULS and DOGS perpetual contracts, offering up to 75x leverage starting August 26, 2024. Binance Futures has announced the...
60-65 per cent of India’s household gold loans market still untapped, goes to unorganised market: Jefferies, ET BFSI
New Delhi [India], August 25 (ANI): The gold loan market in India remains largely untapped. According to a report by investment banking and capital market firm Jefferies organized gold financiers account for just 5-6 per cent of the country's household gold tonnages...
Trump says Tesla CEO Elon Musk has no time for White House cabinet
Elon Musk (L) and Donald Trump (R).David Swanson | Vincent Alban | ReutersFormer President Donald Trump said that Tesla and SpaceX CEO Elon Musk likely couldn't serve in his hypothetical White House cabinet due to the demanding schedule of running his various...
RBI constantly working on policies, platforms to make India’s financial system strong: Guv Das, ET BFSI
Bengaluru, Reserve Bank Governor Shaktikanta Das on Monday said the central bank is constantly working on policies, systems, and platforms to make the country's financial sector strong, nimble and customer centric. Addressing the RBI@90 Global Conference on 'Digital...
Hantec Markets launches $500K client funds insurance via Lloyd’s
Hantec Markets has announced the launch of Hantec Client Funds Insurance. This comprehensive insurance policy guarantees the safety and security of client funds up to USD $500,000 per claimant, further solidifying Hantec Markets’ commitment to protecting client assets...
EUR/USD Outlook: Looks for Test of 2023 High After Limited Correction
EURUSD cracked 1.1200 barrier after Friday’s 0.75% rally (the biggest daily gain since Aug 2) and hit new 2024 high early Monday. Bulls remain firmly in play after strong advance in past two weeks and on track for the biggest monthly gain since November 2022, as...
Binance Lists Eurite (EURI) and Launches Zero Trading Fee Promotion
Ted Hisokawa Aug 26, 2024 07:30 Binance announces the listing of Eurite (EURI) with zero trading fee promotions for EUR/EURI and EURI/USDT pairs starting August 28, 2024. Binance, a leading cryptocurrency...
Decline in loan to deposits ratios in banks is because of lower money creation by RBI and substantial increase in banks profits: Nomura, ET BFSI
New Delhi [India], August 26 (ANI): The decline in loan-to-deposit ratios (LDR) within the banking system has been attributed to lower money creation by the Reserve Bank of India (RBI) and higher profits accrued by banks over the past two years, according to Nomura...
Should you tender?, BFSI News, ET BFSI
The Reserve Bank of India has announced early redemptions for 30 series of Sovereign Gold Bonds (SGBs) that mature between October 1, 2024 and March 31, 2025. ET explains what it means for investors in this government-backed instrument.When will the RBI buy back the...
Tesla’s Optimus faces humanoid competition at Beijing robot conference
Tesla displays Optimus next to two of its vehicles at the World Robot Conference in Beijing on Aug. 22, 2024.CNBC | EvelynBEIJING — While Chinese companies last week showed off humanlike robots playing the zither or grabbing sodas, Tesla displayed its Optimus humanoid...
Who is Telegram founder Pavel Durov — and why was he arrested?
Telegram founder and CEO Pavel DurovManuel Blondeau - Corbis | Corbis News | Getty ImagesChief executive officer of Telegram Pavel Durov was arrested at an airport on Saturday night outside Paris and placed in custody for alleged offences related to the messaging app,...
Caution Creeps Back as Markets Eye Crucial Inflation Data in the Week
Traders appear to be stepping back from last Friday’s risk-on rally, showing more caution in the Asian session today. The mood in major indices is mixed; with Nikkei trading down by more than -1%, while HSI is showing gain of about 1%. This cautious sentiment is...
HKMA and DPO Unveil CDI-CDEG Linkage to Propel Hong Kong’s Digital Economy
Felix Pinkston Aug 26, 2024 08:06 The Hong Kong Monetary Authority and Digital Policy Office have established a CDI-CDEG linkage to enhance data sharing, benefiting SMEs and promoting digital economy. The Hong...
MAS investigation results in prison sentence for individual convicted of false trading
Mr Tay Ming Hin was convicted on 26 August 2024 and sentenced to four weeks imprisonment for false trading in the shares of Catalist-listed KOP Limited. Mr Tay pleaded guilty to one charge under section 197(1)(b) of the Securities and Futures Act (SFA) for creating a...
Connecting India’s Businesses, Entrepreneurs and Innovators”, ET BFSI
Favfairs is hosting the Business Expo and Summit 2024 (Mumbai Edition) alongside the Excellency Awards at World Trade Center Mumbai on 26th & 27th October,2024. The Exhibition will be showcasing India's burgeoning business ecosystem and fostering a culture of...
Ethereum’s Dencun Upgrade: Assessing the Economic Impact and Trade-offs After 150 Days
Darius Baruo Aug 22, 2024 09:16 An in-depth analysis of Ethereum's economic landscape 150 days post-Dencun upgrade, focusing on blobs, rollups, and the overall impact on the network. Ethereum's Dencun upgrade,...
Anil Ambani reviewing Sebi order, to take appropriate steps as legally advised, ET BFSI
NEW DELHI: Anil Ambani is reviewing a Sebi order that imposed a monetary penalty and banned him from participating in the securities market for five years in connection with an alleged fund diversion case and will take appropriate next steps based on legal advice,...
ETFs: Catalysts for Bridging Traditional Finance and Web3 Adoption
Ted Hisokawa Aug 22, 2024 09:31 ETFs are pivotal in merging traditional finance with Web3, offering regulated access to blockchain investments. Learn how ETFs are driving mainstream Web3 adoption. As blockchain...
TON price falls 16% after Telegram CEO Pavel Durov arrested in France
The price of Bitcoin alternative Toncoin (TON) fell Sunday by 16% (as of the time of writing), following the arrest of TON founder, Telegram CEO Pavel Durov. Pavel Durov was arrested by French authorities after he landed during the weekend on a private jet at Le...
NITI Aayog conducts study to transform Mumbai into a global financial hub, ET BFSI
New Delhi [India], August 24 (ANI): NITI Aayog conducted a study to make Mumbai and its adjacent areas a "global financial hub" and double the metropolis' GDP in the next five years, the policy body said on Saturday.The policy body said in a post on the social media...
Hong Kong’s Market Growth and Regulatory Strides Highlighted in SFC’s Quarterly Report
Terrill Dicki Aug 22, 2024 11:12 The SFC's latest quarterly report highlights Hong Kong's market growth, strengthened international ties, and regulatory progress. Hong Kong's financial market has experienced...
HKMA and DFSA to Co-Host Climate Conference on Sustainable Finance
Joerg Hiller Aug 22, 2024 12:11 The HKMA and DFSA will co-host a Climate Finance Conference in September 2024, fostering sustainable finance cooperation between Asia and the Middle East. The Hong Kong Monetary...
Golem Network Unveils Yagna v0.16.0 with New Deposit Features
Caroline Bishop Aug 22, 2024 13:00 Golem Network releases Yagna v0.16.0, introducing deposits and new ecosystem roles, indirect payments, and enhanced error handling. Golem Network has officially launched Yagna...
Speculator Bets led by DowJones & Nasdaq :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday August 20th and shows a quick view of how large traders...
China slams U.S. for adding firms to export control list, vows action
Tensions between the U.S. and China have escalated over the last few years.Teh Eng Koon | AFP | Getty ImagesChina's Ministry of Commerce said on Sunday it strongly opposed a U.S. decision to add multiple Chinese entities to its export control list over Russia-related...
Speculator Bets led by Wheat & Soybean Oil :: 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 August 20th and shows a quick view of how large...
AssemblyAI Unveils Streaming Speech-to-Text and Latest Tutorials
James Ding Aug 25, 2024 09:15 AssemblyAI introduces its Streaming Speech-to-Text feature with new tutorials and use cases in their latest update. AssemblyAI has announced its latest product feature, Streaming...
FX week in review: Broker results (Plus500, Trade Nation, MultiBank), ATFX adds MT5
How did the latest set of financial results pan out for Retail FX and CFDs brokers Plus500, Trade Nation, and MultiBank? Which broker set Revenue and Profit records? Which recorded a (surprise) loss? What did ATFX have to say about adding the MT5 trading platform for...
How is it different from National Pension Scheme, ET BFSI
NEW DELHI: The Cabinet on Saturday approved the Unified Pension Scheme (UPS) for 23 lakh central government employees. The UPS ensures that all central government employees receive 50 per cent of their last drawn salary from the past 12 months as pension who have...
Adept Unveils Advanced AI Agents with Multimodal Capabilities
Tony Kim Aug 25, 2024 08:31 Adept introduces AI agents powered by Adept Workflow Language (AWL) to streamline complex web interactions and enterprise automations. Adept has introduced a groundbreaking...
Gold leads Speculator Bets higher :: 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 August 20th and shows a quick view of how large traders...
HKMA Issues Warning on Phishing Instant Messages Related to HSBC
Alvin Lang Aug 22, 2024 15:06 The HKMA alerts the public to phishing instant messages linked to HSBC, urging caution and immediate action if personal information has been shared. The Hong Kong Monetary Authority...
Speculators sharply raise Euro, British Pound & Canadian Dollar bets :: 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 August 20th and shows a quick view of how large market...
Arkham Integrates Coinbase’s Layer 2 Chain Base
Rebeca Moen Aug 25, 2024 07:06 Arkham Intelligence has added support for Base, the Layer 2 chain developed by Coinbase, enhancing onchain activity monitoring. Arkham Intelligence has officially launched support...
Which banks offer the best fixed deposit rates? Check List, ET BFSI
Bank Fixed Deposit Rates: Which banks offer the best FD rates? Which are the top 5 bank fixed deposits? Bank Fixed deposits or FDs are a favored investment option for risk-averse investors. Financial experts suggest that the present high interest rate environment may...
Piyush Goyal meets Singaporean company DBS Group CEO, discusses investments, ET BFSI
New Delhi: Commerce Minister Piyush Goyal met CEO and Director of Singapore-based DBS Group Piyush Gupta. In a post on X on Sunday, after the meeting, Goyal said that they discussed the group's plans to "scale up investments in India," including increasing engagement...
Binance Futures to Introduce USDⓈ-Margined POPCAT and SUN Perpetual Contracts with 75x Leverage
Jessie A Ellis Aug 22, 2024 15:52 Binance Futures announces the launch of USDⓈ-margined POPCAT and SUN perpetual contracts with up to 75x leverage, aiming to expand trading options. Binance Futures has announced...
Yen, Gold, 5-Year, 10-Year & Cotton lead Bullish & Bearish Positions :: InvestMacro
By InvestMacroThe latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on August 20th.This weekly Extreme Positions report highlights the Most Bullish and Most Bearish...
Speculator Bets led by Ultra Treasury Bonds & 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 August 20th and shows a quick view of how large...
AI21 Labs Unveils Jamba 1.5 LLMs with Hybrid Architecture for Enhanced Reasoning
Jessie A Ellis Aug 23, 2024 01:33 AI21 Labs introduces Jamba 1.5, a new family of large language models leveraging hybrid architecture for superior reasoning and long context handling. AI21 Labs has introduced...
EUR/CHF Weekly Outlook – Action Forex
EUR/CHF’s retreat from 0.9579 extended lower last week but recovered slightly ahead of 0.9448 support. Initial bias remains neutral this week first, and further rally is in favor. On the upside, sustained break of 55 D EMA (now at 0.9576) will pave the way back to...
Strategies for Hiring and Retaining Talent in Web3 Startups
Alvin Lang Aug 23, 2024 01:50 Experts from a16z crypto discuss effective strategies for hiring and retaining talent in web3 startups, ensuring workplace satisfaction and business scalability. Experts from a16z...
EUR/AUD Weekly Outlook – Action Forex
EUR/AUD gyrated lower last week despite weak downside momentum. On the downside, sustained trading below 55 D EMA (now at 1.6432) will argue that rise from 1.5996 has completed. Deeper fall would then be seen back to this support. Nevertheless, strong rebound from...
How Programmable Wallets Facilitate USDC Payments for Gateways
Zach Anderson Aug 23, 2024 02:07 Circle's Programmable Wallets streamline USDC payments for payment gateways, simplifying blockchain integration and enhancing transaction efficiency. Circle’s Programmable...
EUR/GBP Weekly Outlook – Action Forex
EUR/GBP’s steep decline last week suggest that rebound from 0.8382 has completed 0.8624 already, after rejection by 0.8643 resistance. Initial bias stays on the downside this week for retesting 0.8382 low. Decisive break there will resume larger down trend. On the...
Exploring DeFi on Sui: A Comprehensive Guide
Rebeca Moen Aug 23, 2024 02:36 Discover the unique features and applications of Sui's DeFi ecosystem, including borrow and lending protocols, DEXes, and NFT marketplaces. Decentralized Finance (DeFi) on the Sui...
EUR/JPY Weekly Outlook – Action Forex
EUR/JPY stayed in sideway trading below 163.86 last week and outlook is unchanged. Initial bias stays neutral this week first. On the upside, break of 163.86 will target 61.8% retracement of 175.41 to 154.40 at 167.38, as the second leg of the corrective pattern from...
GBP/JPY Weekly Outlook – Action Forex
GBP/JPY stayed in sideway trading below 191.99 last week and outlook is unchanged. Initial bias remains neutral this week first. On the upside, above 191.99 will target 61.8% retracement of 208.09 to 180.00 at 197.35, as the second leg of the corrective pattern from...
AMD Unveils LM Studio 0.3 AI Assistant with Enhanced Ryzen AI and Radeon GPU Integration
Jessie A Ellis Aug 23, 2024 03:06 AMD launches LM Studio 0.3, an offline AI assistant powered by Ryzen AI processors and Radeon GPUs, offering advanced features like easy-RAG. AMD has announced the release of LM...
AUD/USD Weekly Report – Action Forex
AUD/USD’s rally continued last week despite interim retreat. Initial bias is on the upside this week with focus on 0.6798 resistance. Firm break there will extend the rally from 0.6348 to 0.6870 resistance next. On the downside, below 0.6696 support turn bias to the...
Why banks need to innovate to bridge credit-deposit gap, BFSI News, ET BFSI
India's banking sector is witnessing one of its best times in terms of profitability and asset quality, but the lagging deposit growth has emerged as a pain point in the last year or so. With bank credit growth continuing to outpace deposit growth, banks will have to...
Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’
Aug 24, 2024 15:01 UTC | Updated: Aug 24, 2024 at 15:01 UTC By Clark In a crypto market dominated by the whimsical rise of meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), a new contender is quietly making waves with a...
Jane Handcock to Release NFT EP ‘A Few Sappy Songs’ on Gala Music
James Ding Aug 23, 2024 03:22 R&B Hip-hop artist Jane Handcock is set to release her new NFT EP 'A Few Sappy Songs' on Gala Music, featuring five exclusive tracks. Renowned R&B and Hip-hop artist Jane...
USD/CHF Weekly Outlook – Action Forex
USD/CHF’s extended decline last week suggests that rebound from 0.8431 has completed at 0.8747, after rejection by 38.2% retracement of 0.9223 to 0.8431 at 0.8734. Initial bias is on the downside this week for retesting 0.8431 support first. Firm break there will...
HDFC Bank rejects MUFG’s $2 billion cheque for NBFC arm, BFSI News, ET BFSI
The largest foreign direct investment (FDI) proposal in financial services in the country—involving the biggest banks in Japan and India by market capitalisation—is now dead.The board of HDFC Bank on Wednesday rejected a proposed $2 billion purchase of a 20% stake in...
FIL-B: New Catalyst for On-Chain Projects on Filecoin (FIL)
Rongchai Wang Aug 23, 2024 03:56 FIL-B introduces a public goods DX team to support builders on Filecoin (FIL), aiming to enhance the developer experience and community growth. FIL-B, a new public goods...
GBP/USD Weekly Outlook – Action Forex
GBP/USD’s rally accelerated higher last week and the break of 1.3141 resistance confirms larger up trend resumption. Initial bias remains on the upside this week for 100% projection of 1.2298 to 1.3043 from 1.2664 at 1.3409. On the downside, below 1.3075 minor support...
Crypto Scams Surge in 2024: ASIC Cracks Down on Fraudulent Schemes
Felix Pinkston Aug 23, 2024 04:30 The rise in crypto scams in 2024 underscores the need for vigilance in the Web3 space, according to the Australian Securities and Investments Commission (ASIC). The rise in...
Are banks open or closed this Saturday, August 24?, ET BFSI
Private and public sector banks in India are closed on the second and fourth Saturdays of every month, as well as on Sundays, national and regional holidays, according to the Reserve Bank of India (RBI). Additionally, banks will be open on the first, third, and fifth...
EUR/USD Weekly Outlook – Action Forex
EUR/USD’s rally continued last week and the strong break of 1.1138 resistance argues that larger up trend may be resuming. Initial bias is on the upside this week for t 161.8% projection of 1.0665 to 1.0947 from 1.0776 at 1.1232, and then 1.1274 high. On the downside,...
HDFC Bank, ICICI Bank, SBI among 12 ‘buy’ ideas from brokerages post Q1 results, ET BFSI
While the banking sector witnessed a moderation in the April-June quarter earnings at around 10% with most banks reporting contraction in their margins and credit cost going up, brokerages remain positive on this sector. ETMarkets brings 12 stocks with buy ratings and...
Dollar at Risk of Resuming Medium-Term Downtrend as Fed Confirms Rate Cuts Ahead
Fed Chair Jerome Powell’s highly anticipated speech at Jackson Hole didn’t disappoint market participants, as he clearly signaled that the time for easing monetary policy has arrived. This declaration provided a notable boost to US stock markets on Friday, with major...
Gala Games Announces Carl Hero Card Sale for The Walking Dead: Empires
Zach Anderson Aug 23, 2024 05:05 Gala Games introduces the Carl Hero Card sale for The Walking Dead: Empires. The sale begins on August 23, 2024, featuring tiered pricing and immediate in-game use. The...
USD/JPY Weekly Outlook – Action Forex
USD/JPY gyrated lower last week even though momentum is a bit unconvincing. Still, the development suggests that rebound from 141.67 has completed at 149.35, after rejection by 38.2% retracement of 161.94 to 141.67 at 149.41. Initial bias is on the downside this week...
ex-RBI deputy governor, ET BFSI
Former deputy governor of Reserve Bank of India (RBI) S S Mundra on Friday said that partnership between banks and fintech companies is a win-win proposition. Speaking at the foundation day lecture of private lender Bandhan Bank, Mundra said that data security and...
Erigon 3 Update Slashes BSC Sync Time from Weeks to 10 Hours
Timothy Morano Aug 23, 2024 05:29 Erigon 3, the latest BSC client, integrates Parlia consensus to cut sync time from weeks to 10 hours, enhancing performance and resource efficiency. Erigon 3, the latest...
USD/CAD Weekly Outlook – Action Forex
USD/CAD’s steep decline and strong break of 1.3588 support argues that while rise from 1.3176 has completed already. Fall from 1.3946 is seen as another falling leg inside medium term range pattern. Initial bias stays on the downside this week for 1.3477 support. Firm...
Which banks offer the best fixed deposit rates? Check List, ET BFSI
Bank Fixed Deposit Rates: Which banks offer the best FD rates? Which are the top 5 bank fixed deposits? Bank Fixed deposits or FDs are a favored investment option for risk-averse investors. Financial experts suggest that the present high interest rate environment may...
Central bank digital currency won’t serve any special purpose, says SS Mundra, ET BFSI
Former Reserve Bank of India deputy governor SS Mundra is not optimistic about the success of the central bank digital currency (CBDC), or the electronic form of rupee, despite the RBI’s efforts to popularise it.“If we talk about CBDC vis-a-vis UPI (united payments...
Ethereum Developers Discuss Pectra Upgrade and PeerDAS in Consensus Call #140
Iris Coleman Aug 23, 2024 05:59 Ethereum developers convened to discuss the Pectra upgrade, PeerDAS, and other key proposals in the All Core Developers Consensus Call #140. On August 22, 2024, Ethereum...
Binance Schedules Wallet Maintenance for Telegram Open Network (TON)
Terrill Dicki Aug 23, 2024 06:40 Binance has announced a scheduled wallet maintenance for Telegram Open Network (TON) on August 26, 2024, temporarily suspending deposits and withdrawals. Binance has announced a...
HSBC aims to duplicate its British wealth business, plans to reach among top five in UK banking, ET BFSI
HSBC’s head of wealth and personal banking, Jose Carvalho said that the bank is eyeing one of the top five positions in the United Kingdom supported by its global presence to attract customers in more than one market or who are from overseas. "International...
India to name new MPC members soon, dissenters from Shaktikanta Das’ rate policy team to leave before crucial meet, ET BFSI
India’s government will appoint new external members to the central bank’s monetary policy committee by October at the latest, people familiar with the matter said, shortly before a crucial meeting in which the MPC will face pressure to cut interest rates.The...
Biden speaks with Zelenskyy, announces new military aid for Ukraine
Ukraine's President Volodymyr Zelenskyy and U.S. President Joe Biden speak on the sidelines of the NATO's 75th anniversary summit in Washington, U.S. July 11, 2024.Yves Herman | ReutersU.S. President Joe Biden spoke to Ukrainian President Volodymyr Zelenskyy on Friday...
Centre moots NBFC under Sagarmala to tide over shipping woes, BFSI News, ET BFSI
The shipping ministry has proposed to launch a non-banking finance company (NBFC) under its Sagarmala initiative to meet the financing needs of the shipping and shipyard sectors, two senior officials familiar with the matter said.The finance ministry is currently...
With Fed rate cut set, Powell’s Jackson Hole talk could turn to the future, ET BFSI
Wyoming, - U.S. economic data is giving the Federal Reserve the green light to cut interest rates, financial markets are aligned for the first move, and the central bank all but gave the game away on Wednesday when a readout of its July meeting showed a "vast...
Sui Implements Shared Custody Model for Enhanced Decentralized Finance
Rebeca Moen Aug 24, 2024 03:26 Sui introduces a shared custody model in its object-centric data framework, enhancing security and efficiency for DeFi applications. Sui, a blockchain known for its object-centric...
Weekly Economic & Financial Commentary: The Time Has Come for Policy to Adjust
Summary United States: Homes Out of Range Chair Powell delivered a distinctively dovish speech this week at Jackson Hole. Elsewhere, a slew of housing data revealed that, although green shoots are sprouting, affordability issues continue to constrain the housing...
Jerome Powell says ‘time has come’ for Fed to cut interest rates, ET BFSI
Chairman Jerome Powell said the time has come for the Federal Reserve to cut its key policy rate, affirming expectations that officials will begin lowering borrowing costs next month and making clear his intention to prevent further cooling in the labor market.“The...
Are banks open or closed today?, BFSI News, ET BFSI
Private and public sector banks in India are closed on the second and fourth Saturdays of every month, as well as on Sundays, national and regional holidays, according to the Reserve Bank of India (RBI). Additionally, banks will be open on the first, third, and fifth...
The Weekly Bottom Line: Fed Chair Powell Endorses September Rate Cut
U.S. Highlights Minutes from the July 30-31 FOMC meeting as well as Chair Powell’s speech at Jackson Hole showed a clear commitment that the FOMC will start cutting rates in September. The Fed is likely to start slow, cutting by 25 basis points next month. But any...
OFAC Sanctions Russian UAV Developer KB Vostok Amid Ukraine Conflict
Luisa Crawford Aug 24, 2024 04:07 OFAC imposes sanctions on Russian drone developer KB Vostok, linked to Ukraine invasion, disrupting Russia’s military supply chain. The United States Department of the...
ECB policymakers’ views converging on Sept rate cut, sources say, ET BFSI
A growing number of European Central Bank policymakers are lining up behind another interest rate cut in September and only major data surprises in the coming weeks could delay the move, on and off record conversations with seven sources indicate.Financial markets...
Top Best Ethereum DEX Tokens to Buy in 2024 as Aave Rallies 40%
Ethereum-based decentralized exchanges (DEXs) are gaining traction and offering innovative solutions for trading digital assets. With Aave recently rallying by 40%, the spotlight is on other promising DEX tokens that could grow substantially in 2024. This article...
Why Sebi banned Anil Ambani from the securities market for 5 years?, ET BFSI
The Securities and Exchange Board of India (Sebi) has barred Anil Ambani, the former chairman of Reliance Home Finance (RHFL), and 24 other entities from the securities market for five years. This decision follows allegations of fund diversion from RHFL, where Ambani...
Rupee strengthens marginally, closes at 83.93 vs US dollar, BFSI News, ET BFSI
The Indian rupee strengthened marginally versus the US dollar on Friday and closed at 83.89/$1, due to mild corporate inflows into the domestic market.The local currency was stronger by 6 paisa, ending at 83.89 versus the US dollar, as against its previous close of...
Markets Weekly Outlook – Powell Delivers with Nvidia Earnings, PCE Data Next
Fed Chair Powell signals policy adjustments are needed, emphasizing concerns about labor market weakness. The impact of Powell’s remarks on the FX space saw GBP/USD and EUR/USD reach new highs. Markets are pricing in a 34.5% chance of a 50 bps cut and 65.5% of a 25...
Rate-setting panel must act proactively to stimulate private investments: Jayanth Varma, ET BFSI
India's Monetary Policy Committee (MPC) must proactively act to stimulate private investment by lowering interest rates, Jayanth Varma, an external member of the rate-setting panel, said to Bhaskar Dutta.Varma, who recently said that "hope" cannot be a strategy to...
Bitcoin storms into the weekend
Bitcoin has been lagging in the recovery from the broad market rout in the start of August, in part because of worries about the sale of Mt. Gox bitcoin. But it's making up for lost time today, rallying nearly 5% and trading at a session high.The daily chart has a...
Meta says WhatsApp accounts tied to Iran hackers targeted Biden, Trump
Meta said Friday that it blocked a "small cluster" of WhatsApp accounts linked to an Iranian hacking group that was targeting officials associated with President Joe Biden and former President Donald Trump.The company said in a blog post that the bogus WhatsApp...
Summary 8/26 – 8/30
Monday, Aug 26, 2024 Tuesday, Aug 27, 2024 Wednesday, Aug 28, 2024 Thursday, Aug 29, 2024 Friday, Aug 30, 2024 The post Summary 8/26 – 8/30 appeared first on Action Forex.
BitFuFu Scales Up Operations Despite Escalating Bitcoin (BTC) Mining Costs
Zach Anderson Aug 24, 2024 04:50 Singapore-based BitFuFu intensifies Bitcoin (BTC) mining efforts despite rising operational costs, reflecting bullish industry outlook. Some of the largest Bitcoin mining...
Tether (USDT) Assists U.S. DOJ in Seizing $5 Million from Fraud Scheme
Peter Zhang Aug 24, 2024 05:28 Tether aids the U.S. Department of Justice in seizing $5 million in USDT from a fraudulent scheme, reinforcing its commitment to combating illicit activities. Tether, the largest...
Religare confirms ED raids on its senior officials, BFSI News, ET BFSI
Financial servicec provider Religare on Friday confirmed that the Enforcement Directorate (ED) had raided the residences of its top officials, including Dr. Rashmi Saluja, Executive Chairperson, Mr. Nitin Agarwal, Group CFO, Mr. Nishant Singhal, Group General Counsel...
RBI announces SGB premature redemption dates for October 2024- March 2025, check details, ET BFSI
The Reserve Bank of India (RBI) has issued a press release outlining the details of the SGB tranches scheduled for premature redemption during October 2024 – March 2025, as well as a window for submitting requests for premature redemption. Note that premature...
No ‘hard approach’ with taxpayers in initial stage, Finance Minister advises officials, ET BFSI
Finance minister Nirmala Sitharaman Friday asked tax officials not to opt for a "hard approach" at an early stage with taxpayers and instead communicate and explain tax liabilities to them.She told the officials to prioritise solving problems at the stage where they...
Banks won’t send pre-debit notifications for these two types of recurring payment e-mandates, ET BFSI
The Reserve Bank of India (RBI) has announced that there will not be any pre-debit notification on auto-replenishment of FASTag and NCMC, as and when the balance falls below the preset limit.In its monetary policy meeting held in June 2024, the RBI announced the...
Edgar Bronfman’s Paramount bid could keep Shari Redstone involved
Edgar Bronfman, Jr.Cameron Costa | CNBCEdgar Bronfman Jr.'s offer for a controlling stake in Paramount Global could keep Shari Redstone close to the company, if his bid is successful.Bronfman is open to having Redstone, currently non-executive chairman at Paramount,...
BitMEX Lists SUNDOGUSDT Perpetual Swap with 50x Leverage
James Ding Aug 23, 2024 08:20 BitMEX has launched the SUNDOGUSDT perpetual swap, offering traders up to 50x leverage on the new listing. BitMEX, a leading cryptocurrency trading platform, has announced the...
USDCAD Still Fights With 1.3600
USDCAD repeatedly tests the 200-day SMA Momentum oscillators are mixed USDCAD has been battling with the 1.3600 round number and the 200-day simple moving average (SMA) over the last couple of days. A successful break beneath these critical levels could open the way...
Banks, financial stocks suffer Rs 15,000 crore shock from FIIs. Should you go against the wind?, ET BFSI
Amid worries related to the timing of Fed rate cuts, foreign institutional investors (FIIs) pulled out Rs 14,790 crore from financial stocks in the first fortnight of August and chose to raise exposure to defensives like healthcare, FMCG and consumer services.As...
Workday stock gains as software provider widens 2027 margin target
Carl Eschenbach, Co-CEO Workday, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 18th, 2024. Adam Galici | CNBCWorkday shares soared as much as 14% on Friday, one day after the finance and human resources software...
Canada’s retail sales falls -0.3% mom in Jun, to bounce back 0.6% mom in Jul
Canada’s retail sales value fell -0.3% mom to CAD 65.7B in June, matched expectations. Sales were down in four of nine subsectors and were led by decreases at motor vehicle and parts dealers. In volume terms, retail sales increased 0.1% mom. Excluding gasoline...
Binance Schedules Wallet Maintenance for The Open Network (TON)
Zach Anderson Aug 23, 2024 08:46 Binance announces wallet maintenance for The Open Network (TON) on August 26, 2024. Deposits and withdrawals will be suspended during the maintenance. Binance has announced an...
Scrutiny on top-up loans ensure money used for productive purposes: Lenders, ET BFSI
The Reserve Bank of India (RBI) Governor Shaktikanta Das has recently asked the banks and NBFCs to be well-advised to review top-up housing loans and gold loans. He said the entities to be aware of the practices and also take remedial action.The Governor observed that...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.1085; (P) 1.1125; (R1) 1.1152; More…. EUR/USD is staying in consolidation below 1.1173 and intraday bias remains neutral for the moment. Further rally is expected as long as 1.1046 resistance turned support holds. Above 1.1173 will target 161.8%...
Australian regulator increases ANZ’s capital add-on to $750M
The Australian Prudential Regulation Authority (APRA) has increased the capital add-on applied to Australia and New Zealand Banking Group (ANZ) to $750 million in response to heightened concerns about the bank’s non-financial risk management practices. APRA has held...
Leveraging the “zero tolerance” approach from the aerospace industry to fortify financial institutionsin India, ET BFSI
(Credits - Producer: Nilanjana Mookherjee & Vishal Oza; Video Editor: Jasmeet Rayat)India has emerged as the one of the fastest growing economies in the world, propelled by a competitive business environment and technology-led innovation. The country’s financial...
Web3 Gaming Revolution: Insights from Immutable (IMX) Ambassadors
Caroline Bishop Aug 23, 2024 09:43 Discover the transformation of gaming through Web3 as Immutable (IMX) Ambassadors share their journeys and insights, highlighting the benefits of true asset ownership. The...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.3069; (P) 1.3100; (R1) 1.3122; More… Intraday bias in GBP/USD is turned neutral first with 4H MACD crossed below signal line. On the upside, decisive break of 61.8% projection of 1.2298 to 1.3043 from 1.2664 at 1.3124 and 1.3141 resistance will...
U.S. will offer free at-home kits starting late September
Images By Tang Ming Tung | DigitalVision | Getty ImagesThe Biden administration on Friday said it will resume offering free at-home Covid-19 tests to American households in late September as the virus has gained a stronger foothold in the U.S. this summer.Americans...
Saxo Bank updates OpenAPI, enhances Charts service group
Multi-asset investment specialist Saxo Bank has updated its OpenAPI, with the latest release enhancing the Charts service group. Saxo has released a new version of its charting endpoint that has been improved in several ways. The new horizon sampling starts at...
SFC and Exchange Announce Changes to Specialist Tech Companies and de-SPAC Transactions Requirements
Caroline Bishop Aug 23, 2024 11:27 The SFC and Exchange have jointly announced modifications to the requirements for specialist technology companies and de-SPAC transactions. The Securities and Futures...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8496; (P) 0.8515; (R1) 0.8541; More….. Intraday bias in USD/CHF Is turned neutral first with current recovery. While stronger rise cannot be ruled out, risk will stay on the downside as long as 0.8747 resistance holds. Below 0.8488 will target...
India’s ‘sweet spot’ lures bond funds amid global market turmoil, ET BFSI
Global funds have poured money into India’s debt market for 14 weeks in a second streak of buying this year, evidence of the country’s appeal amid the ructions of worldwide financial markets.With the prospect of interest rate cuts on the horizon and the rupee treading...
India’s Forex reserves increase by $4.54 billion to $674.66 billion as of August 16, ET BFSI
India's Forex reserves increased by $4.54 billion to $674.66 billion as of August 16, as per data released by the Reserve Bank of India on Friday. Preciously, the reserves had dipped by $4.8 billion to $670.12 billion for the week ending August 9. According to the...
Switzerland Pioneers Open Source Software and Digital Sovereignty Initiatives
Iris Coleman Aug 23, 2024 14:32 Switzerland mandates government-developed software to be open source, joining Germany and France in enhancing digital sovereignty and security. European nations like Switzerland,...
Sunset Market Commentary – Action Forex
Markets At a hearing before Parliament this morning, BoJ governor Ueda had a balanced but after all clear message. The BoJ has started policy normalization and intends to further walk that path if inflation and growth continue to develop in line with the banks’...
The Bank of Japan is set to raise rates further. The Fed gov will speak at the annual symposium in Jackson Hole today :: InvestMacro
By JustMarkets On Thursday, stocks in the US ended the session down. The Dow Jones Index (US30) was down 0.43%, while the S&P 500 Index (US500) fell by 0.88%. The NASDAQ Technology Index (US100) closed negative at 1.67% yesterday. The rise in bond yields on...
ED conducts searches on premises of Religare’s Rashmi Saluja, other officials, ET BFSI
Mumbai: The Enforcement Directorate (ED) conducted searches earlier this week at multiple premises linked to the senior officials at Religare Enterprises (REL), including its chairperson Rashmi Saluja, and seized several documents, official sources told ET. Among the...
Week Ahead – PCE Inflation Eyed as Fed Lays Groundwork for September Cut
Focus to stay on the Fed as PCE inflation to be week’s main highlight Eurozone inflation data to be crucial for ECB rate cut hopes Australian and Tokyo CPI, plus Canadian GDP also on the agenda Will PCE inflation disappoint dovish expectations? The Fed’s...
Wyoming is pushing crypto payments, trying to beat the Fed to a digital dollar
Long gone are the days when venture capital was flowing into fintech startups with bold ideas — and little to show in terms of business metrics and fundamentals.Bloomberg | Getty ImagesAs crypto investing becomes more mainstream and institutionalized with bitcoin...
India should retain headline inflation as target, external rate panel members say, ET BFSI
By Swati BhatMUMBAI - Headline inflation impacts Indians directly and should be retained as the target for monetary policy rather than switching to core inflation, external members of the central bank's rate panel told Reuters.A suggestion was made in the government's...
NVIDIA to Showcase Data Center Innovations at Hot Chips 2024
Ted Hisokawa Aug 23, 2024 14:53 NVIDIA engineers to unveil advancements in the Blackwell platform, liquid cooling, and AI-driven chip design at Hot Chips 2024. At the upcoming Hot Chips 2024 conference, NVIDIA...
Hantec Markets hires INFINOX alum Alberto Barba Arévalo to head LATAM BizDev
London and Dubai based Retail FX and CFDs broker Hantec Markets has announced that the company has hired Alberto Barba Arévalo, as Head of Business Development – LATAM. Based out of Portugal, Alberto spent the past four years working for INFINOX, as Regional Manager....
DOJ sues RealPage over alleged landlord rent price collusion software
U.S. Attorney General Merrick Garland speaks to reporters during a brief news conference at the Justice Department in Washington, U.S., May 4, 2023. Kevin Lamarque | ReutersThe Department of Justice and eight states on Friday accused software company RealPage of...
SBI able to support loan growth, lower deposit growth not a challenge: Dinesh Khara, ET BFSI
Amid concerns over the continuing gap between deposit and loan growth, SBI Chairman Dinesh Khara on Friday said it is not posing any challenges for the country's largest lender as it is able to support the uptick in advances. The bank is unwinding a part of its excess...
Microsoft plans September cybersecurity event after CrowdStrike outage
A Delta technician works on a set of screens displaying a blue page and reading "Recovery" in Terminal 2, Delta Airlines, at Los Angeles airport, on July 19, 2024. Airlines, banks, TV channels and other businesses were disrupted worldwide on Friday following a major...
Canadian Q2 GDP Report to Reveal More Softness in the Economy
Canada’s GDP report next week is expected to show further weakening in the Canadian economy. We expect a 1.4% (annualized rate) increase in GDP in Q2 – below Statistics Canada’s 2% preliminary estimate a month ago, and marking the 7th of the last 8 quarters of...
Identity theft of America’s youngest generation is on the rise
Most parents would take herculean steps to protect their children. But many overlook a relatively simple way to help shore up a child's financial security: freezing the minor's credit. This could be especially important in the wake of a major breach in which the...
Weak US Dollar and RBA’s Steady Stance Support Strength :: InvestMacro
By RoboForex Analytical Department AUD/USD is finding its footing, currently stabilising at around 0.6725, as the US dollar weakens further in anticipation of Fed Chair Jerome Powell’s speech at the Jackson Hole symposium.The Australian dollar’s resilience is...
Goldman Sachs cuts India’s 2024 and 2025 GDP growth forecasts, ET BFSI
Goldman Sachs Group Inc. has lowered India’s growth forecast by 20 basis points each for this year and the next, citing a contraction in central government expenditure. The bank now expects the nation’s economy to expand at 6.7% in calendar 2024, and 6.4% in 2025. The...
Weekly Focus – More Soft Manufacturing Signals
Markets remained calm this week with risk sentiment improving further. Stock markets continued to trade higher taking S&P500 back to the recent highs reached in mid-July and cyclical metal prices increased as well. Bond yields drifted moderately lower in the US...
RBI cancels registration of UP-based Margdarshak Financial Services over payment defaults, ET BFSI
Mumbai, The Reserve Bank of India (RBI) has cancelled the registration of Lucknow-headquartered Margdarshak Financial Services Ltd over high net NPAs and defaults on repayment to lenders. As on March 31, 2021, the company failed to maintain the minimum regulatory net...
Hong Kong Monetary Authority Warns of Fraudulent Website and Phishing Emails Linked to Public Bank (Hong Kong) Limited
Rebeca Moen Aug 23, 2024 13:05 The HKMA alerts the public to a fraudulent website and phishing emails targeting Public Bank (Hong Kong) Limited's customers. The Hong Kong Monetary Authority (HKMA) has issued a...
Fed’s Powell hints at rate cuts: ‘Time has come’ as labor market concerns grow
In his highly anticipated Jackson Hole speech, Fed Chair Jerome Powell made it clear that “the time has come” for a shift towards monetary easing. Although he did not specify the exact timing or pace of rate cuts, Powell highlighted the increasing need to support the...
Exclusive: Zara FX hires Scope Markets exec Christiana Lazaridou to head BizDev
FNG Exclusive… FNG has learned that MENA focused offshore Retail FX and CFDs broker Zara FX has continued its recent hiring spree, adding experienced Cyprus-based executive Christiana Lazaridou as the company’s new Chief Business Development Officer. Christiana...
FM Sitharaman urges SIDBI, Rural Regional Banks to ensure credit to MSMEs, ET BFSI
New Delhi [India], August 23 (ANI): Union Finance Minister Nirmala Sitharaman reiterated the Government's commitment to expand banking services for the benefit of small entrepreneurs.She emphasized this during an interaction with MSME (Micro, Small, and Medium...
How Google makes custom cloud chips that power Apple AI and Gemini
Inside a sprawling lab at Google headquarters in Mountain View, California, hundreds of server racks hum across several aisles, performing tasks far less ubiquitous than running the world's dominant search engine or executing workloads for Google Cloud's millions of...
Delta chief operations officer departing for another company
Delta Air Lines planes sit parked at Hartsfield-Jackson Atlanta International Airport in Atlanta on June 28, 2024.Andrew Harnik | Getty ImagesDelta Air Lines' chief operating officer is leaving at the end of the month, the company said in a securities filing on...
Top Free Speech-to-Text APIs and Open Source Engines: A Comprehensive Comparison
Jessie A Ellis Aug 23, 2024 14:04 Explore the best free Speech-to-Text APIs, AI models, and open-source engines, comparing their features, accuracy, and pricing. Choosing the best Speech-to-Text API, AI model,...
FM Sitharaman opens new GST Bhawan in Udaipur, to serve 13 districts, ET BFSI
Jaipur, Union Finance Minister Nirmala Sitharaman on Friday inaugurated the new GST Bhavan in Udaipur located in the Hiran Magri area of the city. The Finance Minister performed an Aarti amid Vedic chanting before unveiling the plaque to throw open the GST Bhawan."The...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 144.19; (P) 145.55; (R1) 146.63; More… Outlook in USD/JPY is unchanged and intraday bias remains neutral. On the downside, break of 144.44 temporary low will reaffirm the case that rebound form 141.67 has completed, and bring retest of this low. On...
Key Tests Confirming Human-Level Artificial General Intelligence (AGI)
Felix Pinkston Aug 23, 2024 13:42 Explore the critical tests proposed to confirm the achievement of human-level Artificial General Intelligence (AGI), as detailed by SingularityNET (AGIX). According to...
How Chinese EV automakers are winning in Mexico
Blocked from the U.S. by tariffs, Chinese electric vehicle makers have looked elsewhere to sell their high-tech cars. But as Mexico has emerged as a hot spot for Chinese EVs, Washington officials worry the country may be used as a "backdoor" to the U.S. market. Last...
Quantum information theorists are shedding light on entanglement, one of the spooky mysteries of quantum mechanics :: InvestMacro
By William Mark Stuckey, Elizabethtown College The year 2025 marks the 100th anniversary of the birth of quantum mechanics. In the century since the field’s inception, scientists and engineers have used quantum mechanics to create technologies such as lasers, MRI...
Repco Bank gives ₹19.08 cr towards dividend to Union minister Amit Shah, ET BFSI
Repco Bank officials hand over a cheque for ₹19.08 crore towards dividend to Union Home Minister Amit Shah in New Delhi on Friday.Repco Bank handed over a cheque for ₹19.08 crore towards dividend to Union Home Minister and Minister of Cooperation Amit Shah in New...
Gold (XAU/USD) Retests $2500/oz Ahead of Powell’s Jackson Hole Remarks
Gold prices retest $2500/oz ahead of Fed Chair Powell’s Jackson Hole speech. Gold’s rebound in the European session and technical analysis suggest bullish momentum. September rate cuts likely already priced in. What impact will Powell’s remarks have? Gold prices are...
RFK Jr. to drop out, endorse Trump over Harris
Independent presidential candidate Robert F. Kennedy Jr., looks on during a campaign event to announce his pick for running mate at the Henry J. Kaiser Event Center on March 26, 2024 in Oakland, California. Justin Sullivan | Getty ImagesRobert F. Kennedy Jr. plans to...
Favourable US inflation and likely rate cut in September to impact policy rates in India: S&P, ET BFSI
The easing inflation and weakening job market trends in the US, as revealed in the recent figures will push the Federal Reserve to cut interest rates which will lead to lower rates in developing countries like India, indicates S&P Global on Friday.The year-on-year...
Court demands clarity in Robinhood short squeeze lawsuit
Chief Judge Cecilia M. Altonaga of the Florida Southern District Court was forced to demand clarity in a lawsuit brought by hundreds of traders against Robinhood over the January 2021 short squeeze. Technically, the lawsuit was terminated in May 2024, as a settlement...
HKMA Warns Public About Fraudulent Websites and Phishing Messages Related to Mox Bank
James Ding Aug 23, 2024 12:31 The Hong Kong Monetary Authority alerts the public about fraudulent websites and phishing messages related to Mox Bank Limited. The Hong Kong Monetary Authority (HKMA) has issued a...
Calm Before the Speech: Markets Steady Ahead of Powell
Trading in the forex markets remains muted as investors hold their positions ahead of Fed Chair Jerome Powell’s highly anticipated speech at Jackson Hole. Market participants are keenly focused on any signals regarding the Fed’s plans for monetary policy easing,...
Why Ford believes its $1.9 billion EV shift will benefit the automaker
A banner advertises the Ford Mustang Mach-E electric vehicle at a Ford dealership on August 21, 2024 in Glendale, California. Mario Tama | Getty ImagesDETROIT – Ford Motor's profit engine for decades has been large trucks and SUVs in the U.S. So it might surprise...
Rupee weakens to 83.95 against US dollar on local demand, rising dollar index, ET BFSI
The Indian rupee weakened moderately on Thursday and ended at 83.952 versus the US dollar due to dollar demand from local banks and corporates. A moderate rise in the dollar index also added to the weakness in the rupee.The local currency ended weaker by 3 paisa,...
Kamala Harris, Gretchen Whitmer, Adam Kinzinger
Vice President Kamala Harris is set to deliver her highly-anticipated keynote speech on Thursday to cap the final night of the Democratic National Convention.Night four features a slate of Democratic lawmakers, governors and performers to rev up the crowd ahead of...
Yen Edges Higher on BoJ’s Ueda Hawkish Remarks
The Japanese yen is in positive territory on Friday. In the European session, USD/JPY is trading at 146.06, down 0.14% on the day. The yen has looked sharp this week, gaining 1% against the struggling US dollar. Japan’s Core CPI rises to 2.7% Japan’s core CPI rose...
Classic car sales stall in Monterey as new generation takes charge
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.Auction sales during Monterey Car Week fell 3% from...
Nvidia earnings showdown could set market tone :: InvestMacro
Nvidia shares ↑150% year-to-dateData center business and Q3 guidance in focusShares could move 10.4% ↑ or ↓ post earningsPrices edging higher on H1 but RSI near oversoldTechnical levels – $130, $119, 200 SMA and $110 Financial markets may end August with a bang thanks...
Sebi bans Anil Ambani, 24 other entities from securities market for 5 years, ET BFSI
Markets regulator Sebi has barred industrialist Anil Ambani, 24 other entities, including former key officials of Reliance Home Finance from the securities market for five years for diversion of funds from the company. Sebi has imposed a penalty of Rs 25 crore on...
HKMA Issues Alert on Fraudulent Websites and Phishing Messages Related to ICBC (Asia)
Felix Pinkston Aug 23, 2024 11:55 The Hong Kong Monetary Authority (HKMA) has issued an alert regarding fraudulent websites and phishing messages linked to Industrial and Commercial Bank of China (Asia) Limited. ...
Gold Outlook: Near Term Tone Firmed Ahead of Key Event – Powell’s Speech in Jackson Hole
Gold regained traction and bounced on Friday, reversing so far around a half on Thursday’s 1.1% drop, which broke and closed below psychological $2500 level. Top of the former range at $2480 zone performed as solid support and contained dip, which also closed above...
Crypto companies are pouring money into 2024 election: Public Citizen
U.S. Vice President and Democratic presidential candidate Kamala Harris speaks at a campaign rally in Milwaukee, Wisconsin, U.S. August 20, 2024. Marco Bello | ReutersAs the 2024 U.S. elections reach their home stretch, crypto companies are opening their wallets to...
Societe Generale International changes LME membership category
The London Metal Exchange (LME) has notified the market that, with effect from 27 August 2024 and pursuant to Regulation 6.1 of Part 2 of the Rules and Regulations of the LME, Societe Generale International Limited (SNC) will cease to be a Category 1 Member of the LME...
Tata Power Solar Systems, ICICI Bank tie up to finance solar units, ET BFSI
New Delhi, Tata Power Solar Systems Ltd (TPSSL) has signed an agreement with ICICI Bank to provide financing for solar units to residential and corporate customers. As part of the agreement, the customers can avail themselves of loans up to Rs 90 lakh with...
GBPUSD: Bullish Extension or Deeper Correction? Key Liquidity Zones
Bearish Corrective Scenario: Sell positions below 1.3130 with TP1 at 1.3103. Consider TP2: 1.3090, TP3: 1.3076, and TP4: 1.3057 only after a decisive break. Use a stop-loss (S.L.) above 1.3160 or at least 1% of account equity for intraday trades. Bullish Scenario: Buy...
Hit It & Quit It with Elaine Pofeldt, Maggie Lord, and Valdez Lasartemay » Succeed As Your Own Boss
In this episode, Melinda Emerson introduces guests Elaine Pofeldt, Maggie Lord and Valdez Lasartemay. The guests share their favorite podcasts, business tools, marketing tips, book recommendations providing practical advice for small business owners. Elaine Pofeldt is...
BNB Chain to Sponsor ETHTokyo Hackathon with Exciting Challenges
Lawrence Jengar Aug 23, 2024 11:10 BNB Chain joins ETHTokyo as a gold sponsor, offering two challenges with $2,500 prizes for innovative Web3 solutions. BNB Chain has announced its participation in ETHTokyo as a...
Trump DJT stock could be sold within weeks
A smartphone displays the logo of Donald Trump's Truth Social app on March 25, 2024.Anna Barclay | Getty ImagesFormer President Donald Trump will soon be free to start unloading his multibillion-dollar stake in his fledgling social media startup, Trump Media.But the...
HKMA and HKAB Establish Joint Taskforce to Bolster SME Lending
Ted Hisokawa Aug 23, 2024 10:50 The Hong Kong Monetary Authority (HKMA) and The Hong Kong Association of Banks (HKAB) have formed a joint taskforce to enhance SME lending support. The Hong Kong Monetary...
Match-Prime enhances its Crypto CFDs liquidity offering
CySEC-regulated liquidity provider Match-Prime has announced the launch of its enhanced crypto CFD liquidity offering, tailored specifically for forex brokers. The new offer introduces some of the most competitive trading conditions in the market, reflecting...
AUD/USD Sees Rebound: Weak US Dollar and RBA’s Steady Stance Support Strength
AUD/USD is finding its footing, currently stabilising at around 0.6725, as the US dollar weakens further in anticipation of Fed Chair Jerome Powell’s speech at the Jackson Hole symposium. Investors are watching closely for cues on future policy shifts, influencing...
Insurance and mutual funds to be soon available on ONDC, BFSI News, ET BFSI
The Open Network for Digital Commerce (ONDC), the aggregator platform that runs on open-source technology, is set to launch insurance and mutual fund products in the next two months and will partner MasterCard for credit cards. ONDC also launched six-minute digital...
Fed policymakers flag rate cuts as job market cools, BFSI News, ET BFSI
Federal Reserve policymakers on Thursday lined up in support of U.S. interest-rate cuts starting next month now that inflation is well down from its highs and the U.S. labor market is cooling, though one signaled he is in no rush to ease policy."For me, barring any...
Go First bankers hire Burford Capital for litigation against Pratt & Whitney, ET BFSI
New Delhi: Lenders to bankrupt airline Go First have appointed Burford Capital, a US-based litigation finance firm, to bankroll the arbitration case against engine maker Pratt & Whitney (P&W).People aware of the development said the creditors committee has...
Market Analysis: GBP/USD Surges, USD/CAD Drops To Support
GBP/USD started a fresh increase above the 1.2920 zone. USD/CAD declined and now consolidates below the 1.3640 level. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound is eyeing more gains above the 1.3130 resistance. There is a connecting...
Banana apocalypse, part 2 – a genomicist explains the tricky genetics of the fungus devastating bananas worldwide :: InvestMacro
By Li-Jun Ma, UMass Amherst Did you know that the bananas you eat today are not the same type as the ones people were eating a few generations ago? The banana you might have had with your breakfast today is a variety called the Cavendish banana, while the one that was...
Trump ‘suffocated the soul; of the GOP
Former Republican Rep. Adam Kinzinger in his Democratic National Convention speech that "Donald Trump has suffocated the soul of the Republican Party," endorsing Democrat Kamala Harris for president."His fundamental weakness has coursed through my party like an...
Market is pricing in too many Fed rate cuts, says El-Erian, BFSI News, ET BFSI
Traders are overplaying the prospects of an aggressive series of Federal Reserve interest-rate cuts before the end of the year, according to Mohamed El-Erian. "It is problematic in my mind that the market is pricing in so many rate cuts right now," El-Erian, the...
Piramal Finance enters into co-lending partnership with Central Bank of India, ET BFSI
Piramal Capital and Housing Finance Limited and Central Bank of India have announced on Friday a strategic partnership to expand their co-lending business.The collaboration will provide loans to middle and low-income borrowers, focusing on middle and low-income...
An Ultimate List Of Bitcoin Forks
Bitcoin forks are one of the prominent aspects in the cryptocurrency and blockchain landscape. Public blockchain networks such as Ethereum and Bitcoin operate on the foundation of decentralization which focuses on achieving agreement between all the network...
Ethereum’s Rollup-Centric Roadmap: Challenges and Solutions
Peter Zhang Aug 23, 2024 10:09 Explore the challenges and solutions of Ethereum's rollup-centric roadmap, including shared sequencing layers and based rollups. Ethereum's rollup-centric roadmap has led to...
Analysis of GBP/USD: The Pair Approaches 2023 High
Yesterday, the Purchasing Managers’ Index (PMI) data for both the UK and the US were released. According to ForexFactory, the UK figures were as follows: → Flash Manufacturing PMI: actual = 52.5, forecast = 52.1; previous = 52.1; → Flash Services PMI: actual = 53.3,...
Finance Ministry, BFSI News, ET BFSI
India's economic momentum remains "intact" on the back of expansion in manufacturing and services sectors, the finance ministry said in its monthly economic report, while exuding hope of food inflation cooling down with monsoons replenishing water levels in...
Food inflation pressures showing little signs of abatement, warns RBI, ET BFSI
The Reserve Bank of India (RBI) released the minutes of the Monetary Policy Committee (MPC) meeting on Friday, highlighting that the headline inflation has seen upward movement in June to 5.1 per cent, as food inflation pressures increased and offset the impact of...
Interactive Brokers adds new Option Exercise Column in TWS
Electronic trading major Interactive Brokers has released Build 10.31 (beta) of its TWS platform. The broker has added an Option Exercise Column named “In The Money”. This will display the current in-the-money value for an option contract. To add the Option Exercise...
Yes Bank offers for Agriculture and Food Businesses, ET BFSI
Leveraging on a firm national footprint with around 350 operational branches crosswise India, Yes Bank takes a step ahead to provide comprehensive financial solutions for MSMEs involved in the Agri and Food business. Different loan & finance plans offered under...
Kamala Harris accepts Democratic nomination for president
Vice President Kamala Harris on Thursday officially accepted the Democratic presidential nomination, vowing to unite the country and bring a practical perspective to the presidency if she is elected in November."I know there are people of various political...
US 100 Index Sits at Key Level
US 100 index exhibits bearish tendencies but stabilizes near 50-SMA Technical risk is two-sided as Powell prepares for his Jackson hole speech( 14:00 GMT) Bulls hope for a close above 19,880; bears need a drop below 19,350 The US 100 stock index came under pressure on...
Binance Futures Introduces VIDT Perpetual Contract with 75x Leverage
Rongchai Wang Aug 23, 2024 09:10 Binance Futures will launch the VIDTUSDT Perpetual Contract on August 23, 2024, offering up to 75x leverage to expand trading choices. Binance, the leading cryptocurrency...
RBI updates e-mandate rules to allow automatic top-ups for FASTag and NCMC accounts, ET BFSI
The Reserve Bank of India (RBI) has updated its e-mandate regulations to allow automatic top-ups for FASTag and National Common Mobility Card (NCMC) accounts. This change enables auto-replenishment as soon as the account balance drops below a customer-set threshold,...
Rupee’s record lows mask currency’s trade-weighted overvaluation, ET BFSI
The rupee is hovering near 84 to a dollar, and is down 0.9% so far this year, but on a REER basis, it’s up 3.6% in seven months to July.A gauge showing the Indian rupee’s value against its key trading partners rose to the highest in more than six years in July, even...
Former director of Growth Plus Financial found guilty of fraud
On Friday 23 August 2024, Ben Jayaweera, a former financial advisor and director of Growth Plus Financial Group Pty Ltd (in Liquidation) was found guilty of 28 counts of fraud pursuant to section 408C(1)(e) Criminal Code Act 1899 (Qld). The offending took place...
What are ONDC’s financial services expansion plans?, BFSI News, ET BFSI
The Open Network for Digital Commerce (ONDC), a government-backed initiative to enhance e-commerce penetration in India, is expanding its financial services venture. After successfully launching its digital lending platform, ONDC is now gearing up to offer sachetised...
GBPJPY’s Recovery Stalls at 200-day SMA
GBPJPY attempts to recover from recent 8-month low But the rebound falters after testing 200-day SMA RSI and MACD remain tilted to the bearish side GBPJPY experienced a vast selloff in July, dropping from a 16-year peak of 208.10 to as low as 180.07 on August 5, which...
Harris says Trump ‘wants to be an autocrat’ in acceptance speech
Vice President Kamala Harris said Republican presidential nominee Donald Trump "wants to be an autocrat," as she accepted the Democratic presidential nomination in Chicago on Thursday night."I will not cozy up to tyrants and dictators like Kim Jong-Un, who are rooting...
India to name new MPC members soon, dissenters from Shaktikanta Das’ rate policy team to leave before crucial meet, ET BFSI
India’s government will appoint new external members to the central bank’s monetary policy committee by October at the latest, people familiar with the matter said, shortly before a crucial meeting in which the MPC will face pressure to cut interest rates.The...
Walmart adds Burger King benefit for Walmart+ members
A Burger King Whopper hamburger is displayed in San Anselmo, California, on April 5, 2022.Justin Sullivan | Getty ImagesWalmart members are in for a whopper of a deal.The retailer on Thursday announced a new partnership with fast-food chain Burger King that will offer...
Zoom stock has best day since 2022 on Q2 2025 results, raised guidance
Zoom CEO Eric Yuan speaks at the Dropbox Work In Progress Conference in San Francisco on Sept. 25, 2019.Matt Winkelmeyer | Getty Images for DropboxZoom shares soared the most since November 2022 on Thursday after the video chat company reported better-than-expected...
Buckle Up: Markets Brace for Fed Powell’s Jackson Hole Remarks
In the calm before what could be a stormy session, forex markets remained exceptionally quiet during Asian trading. Dollar managed a slight recovery overnight, bolstered by pullback in US equities, but the upward momentum has been notably weak. Traders are now...
Generative AI: AMD’s Cutting-Edge Solutions Empowering Enterprises
Rongchai Wang Aug 23, 2024 07:18 AMD's generative AI solutions, including the MI300X accelerator and ROCm software, are transforming business operations. Discover how AMD is leading the AI revolution. Generative...
Asian Infrastructure Investment Bank issues its first DNN on Euroclear’s D-FMI platform
The Asian Infrastructure Investment Bank (AIIB) has successfully issued its first Digitally Native Note, executed on Euroclear’s Digital Financial Market Infrastructure (D-FMI). This marks the first digital issuance in USD for Euroclear and the first such issuance by...
Astar Network Unveils Evolution Phase 1 with Soneium Transition
Caroline Bishop Aug 23, 2024 07:41 Astar Network announces Phase 1 of its evolution, transitioning Astar zkEVM to Soneium L2, a collaboration with Sony Group and Startale. Astar Network has announced the...
Bank credit to NBFCs slows as RBI’s risk weight hike takes effect, ET BFSI
Bank credit to non-banking financial companies (NBFCs) has significantly slowed down following the Reserve Bank of India's (RBI) decision to increase risk weights on such loans last year. According to RBI data, the growth in bank loans to NBFCs dropped to 8.5% in...
Food inflation pressures showing little signs of abatement, warns RBI, ET BFSI
The Reserve Bank of India (RBI) released the minutes of the Monetary Policy Committee (MPC) meeting on Friday, highlighting that the headline inflation has seen upward movement in June to 5.1 per cent, as food inflation pressures increased and offset the impact of...
SEBI imposes 5-year ban on Anil Ambani, 24 others from participating in securities market, ET BFSI
Coming as a big move, the Securities and Exchange Board of India (SEBI) has imposed a five-year ban on industrialist Anil Ambani and 24 other parties from participating in the securities market. This includes former senior executives of Reliance Home Finance as well....
FX option expiries for 23 August 10am New York cut
There is just one to take note of on the day, as highlighted in bold.That being for EUR/USD at the 1.1100 level again. Similar to yesterday, the expiries are likely to help lock price action from falling off too much in the session ahead. That at least until we get to...
Baidu reports slower growth in robotaxi rides
Chinese tech company Baidu announced Monday it can sell some robotaxi rides without any human staff in the vehicles.BaiduBEIJING — Chinese tech company Baidu is reporting slower growth in its Apollo Go robotaxi rides than in prior quarters.Figures Baidu reported...
Cava Group (CAVA) earnings Q2 2024
Customers arrive at a Cava restaurant in New York City on June 22, 2023.Brendan Mcdermid | ReutersCava on Thursday raised its full-year outlook as its restaurants reported strong traffic, fueling better-than-expected quarterly earnings and revenue.Shares of the...
Trump Arizona Harris border, Democrats tough on immigration
Republican presidential nominee and former U.S. President Donald Trump speaks from behind bulletproof glass during a campaign rally, at the North Carolina Aviation Museum & Hall of Fame in Asheboro, North Carolina, U.S. August 21, 2024.Jonathan Drake |...
ECB minutes highlight September as ideal time for policy re-evaluation
ECB’s July meeting accounts revealed that the upcoming September meeting is “widely seen as a good time to re-evaluate the level of monetary policy restriction,” with members emphasizing the importance of approaching that meeting with an “open mind.” The...
Geoff Duncan, Olivia Troye ask Republicans to back Harris over Trump
Two Republicans speaking at the Democratic National Convention on Wednesday — a former Trump White House advisor and the former lieutenant governor of Georgia — urged GOP voters to support Democratic nominee Kamala Harris.Olivia Troye served in former president's...
Kotak Mahindra Bank to outperform Nifty, says JM Financial, BFSI News, ET BFSI
With Kotak Mahindra Bank having fallen from its previous swing high from 1,870 level to a swing low of 1,729 level, domestic brokerage firm JM Financial sees the bank stock outperforming the Nifty50 index in ratio trade.Kotak Bank has managed to move above the...
Startups Urged to Hire Recruiters Early for Optimal Growth
Ted Hisokawa Aug 22, 2024 17:23 Startups are encouraged to hire recruiters among their first ten employees to ensure successful scaling and avoid common pitfalls. Startups are advised to prioritize hiring...
Michelle Bond, romantic partner of Former FTX exec Salame, indicted
Ryan Salame, the former co-chief executive of FTX Digital Markets, exits the Federal Court after he pleaded guilty to two charges including conspiring to make unlawful U.S. political contributions, in New York City, Sept. 7, 2023.Brendan McDermid | ReutersConvicted...
EUR/GBP Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8502; (P) 0.8524; (R1) 0.8538; More…. EUR/GBP’s fall from 0.8624 resumed by breaking through 0.8507 temporary low as well as 55 D EMA (now at 0.8498. Intraday bias is back on the downs for 61.8% retracement of 0.8382 to 0.8624 at 0.8474. Firm...
SEC obtains judgments against two individuals involved in multi-million dollar offering fraud
The Securities and Exchange Commission (SEC) has secured final judgments against two individuals involved in multi-million dollar offering fraud. On August 21, 2024, the New York Southern District Court entered final judgments against Wayne H. McLean and Joan E....
NWSL eliminates draft, grants unrestricted free agency to players
Maitane Lopez Millan #77 of Gotham FC defending battling Jordyn Huitema #9 of OL Reign for the ball during NWSL Cup Final game between NJ/NY Gotham City FC and OL Reign at Snapdragon Stadium on November 11, 2023 in San Diego, CA. Michael Janosz | ISI Photos | Getty...
Bill Clinton praises Kamala Harris, mocks Trump narcissim
Former U.S. President Bill Clinton speaks on stage during the third day of the Democratic National Convention at the United Center on August 21, 2024 in Chicago, Illinois. Kevin Dietsch | Getty ImagesFormer President Bill Clinton told the Democratic National...
Asian equities climb ahead of central bank events: Markets wrap, ET BFSI
Stocks in Asia edged higher ahead of key events from the Federal Reserve and the Bank of Japan that will help define the global rates trajectory.The MSCI Asia Pacific Index climbed 0.2% as benchmarks in Japan, Australia and South Korea rose. That came after the...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.1108; (P) 1.1141; (R1) 1.1183; More…. A temporary top is in place in EUR/USD with 4H MACD crossed below signal line. Intraday bias is turned neutral for consolidations first. But further rally is expected as long as 1.1046 resistance turned...
RoboMarkets announces updates to R StocksTrader platform
Retail FX and CFD broker RoboMarkets today announced updates to the R StocksTrader platform to enhance trading experience. Commission removal and updated approach to spreads The broker is simplifying trading conditions on the R StocksTrader platform. All order...
GitHub Recognized as Leader in Gartner’s Inaugural Magic Quadrant for AI Code Assistants
Timothy Morano Aug 22, 2024 18:08 GitHub has been named a Leader in Gartner's first-ever Magic Quadrant for AI Code Assistants, reflecting its strong performance and innovation. GitHub has been named a Leader in...
S&P Global Market Intelligence, ET BFSI
Dividend growth at some of India's largest banks is expected to slow after surging in the fiscal year ended March 31, as per an analysis by S&P Global Market Intelligence. The anticipated slowdown comes as the rising cost of deposits and heightened competition for...
Trump blasted by Josh Shapiro for ‘overrated Jewish governor’ attack
Pennsylvania Governor Josh Shapiro speaks on Day 3 of the Democratic National Convention (DNC) at the United Center, in Chicago, Illinois, U.S., August 21, 2024.Mike Segar | ReutersPennsylvania Gov. Josh Shapiro on Thursday accused Donald Trump of peddling...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.3028; (P) 1.3074; (R1) 1.3137; More… Intraday bias in GBP/USD remains on the upside for the moment. Decisive break of r 61.8% projection of 1.2298 to 1.3043 from 1.2664 at 1.3124, which is close to 1.3141 high, will confirm larger up trend...
FDA approves Pfizer, Moderna updated KP.2 shots
The Food and Drug Administration on Thursday approved updated Covid vaccines from Pfizer and Moderna, putting the new shots on track to reach most Americans in the coming days amid a summer surge of the virus. The jabs target a strain called KP.2, a descendant of the...
MultiBank reports record Revenues of $306.6 million in 2023
Dubai based online brokerage firm MultiBank Group has announced its most successful financial year to date, including record Revenue of $306.6 million in 2023. Based on the latest audited financial statements, MultiBank Group achieved a strong 10% revenue increase,...
Sunset Market Commentary – Action Forex
Markets European data today managed to temporarily steal attention away from the US. August PMI figures showed EMU business activity rising at a faster pace, but there’s more than meets the eye. The composite PMI ticked up to 51.2 (3-month high) whereas consensus...
NCLT approves delisting of ICICI Securities, dismisses petition by minority shareholders, ET BFSI
The Mumbai bench of the National Company Law Tribunal (NCLT) on Wednesday approved the delisting application of ICICI Securities from the stock exchanges and also rejected objections filed by minority shareholders. The NCLT in an oral order approved the Scheme of...
GeForce NOW Integrates Xbox Automatic Sign-In, Expands Game Library Post-Gamescom
Caroline Bishop Aug 22, 2024 17:38 NVIDIA's GeForce NOW introduces Xbox automatic sign-in and expands its game library with major titles like Civilization series and Black Myth: Wukong. NVIDIA has announced a...
Kamala Harris to accept nomination for president
U.S. Vice President Kamala Harris addresses delegates during a livestream speech following a ceremonial roll call vote at the Democratic National Convention at the United Center in Chicago on Aug. 20, 2024.David Paul Morris | Bloomberg | Getty ImagesVice President...
Gold Struggles After Reaching New Highs
Gold started the week with a decisive renewal of all-time highs, reaching the maximum spot price of $2531 per troy ounce. However, the bulls failed to seize the initiative finally, and on Thursday, gold lost more than 1%, falling back to the depths of the upward trend...
Brokeree Solutions makes website multilingual continuing international growth
Brokeree Solutions, an international technology provider for multi-asset brokers, has announced the release of a new website version. Now the information on Brokeree’s website is available for visitors in Spanish, Arabic, and Chinese in addition to English. The...
Perplexity AI plans to start running search ads in fourth quarter
Perplexity AI logo is seen in this illustration taken January 4, 2024. Dado Ruvic | ReutersPerplexity AI, the artificial intelligence startup that's been embroiled in controversy due to accusations of plagiarizing content from media outlets, plans to start running ads...
Binance Labs Invests in Four Web3 Projects from BNB Chain’s MVB Season 7
Rongchai Wang Aug 22, 2024 17:02 Binance Labs has invested in four standout projects from BNB Chain's MVB Season 7, aiming to accelerate growth and innovation in the Web3 space. Binance Labs has announced...
Bandhan Bank aims to raise women customer base, BFSI News, ET BFSI
Kolkata, Private lender Bandhan Bank on Thursday said it plans to raise the customer base of women by launching products specifically tailored for them. The bank launched a women-specific debit card in collaboration with Mastercard with facilities like accident...
RBI allows e-mandate for auto-replenishment of FASTag, NCMC, BFSI News, ET BFSI
Mumbai, In June, the RBI announced that auto-replenishment of balances in FASTag and NCMC, which are recurring in nature but without any fixed periodicity, would be facilitated under the e-mandate framework. "It has been decided to include auto-replenishment of FASTag...
FTX executive Ryan Salame seeks to void guilty plea
Ryan Salame, former co-chief executive officer of FTX Digital Markets Ltd., exits federal court in New York, US, on Tuesday, May 28, 2024. Yuki Iwamura | Bloomberg | Getty ImagesRyan Salame, a former top lieutenant at the failed cryptocurrency exchange FTX, asked a...
Mike Lynch, man once dubbed ‘Britain’s Bill Gates,’ dies at age 59
Mike Lynch, 59, is the founder of enterprise software firm Autonomy. He was acquitted of fraud charges in June after defending himself in a trial over allegations that he artificially inflated Autonomy's value in an $11.7 billion sale to tech giant Hewlett...
NZ Dollar Slips Ahead of Retail Sales, Powell’s Speech
The New Zealand dollar is drifting on Thursday. In the North American session, NZD/USD has fallen to 0.6132 at the time of writing, down 0.41% on the day. The New Zealand dollar continues to have its way with its US counterpart and has soared 4% since July 29. New...
Enhancing Customer Understanding with Speech AI: The Role of Conversation Intelligence
Luisa Crawford Aug 22, 2024 16:29 Discover how Speech AI models are revolutionizing customer service by providing better insights through conversation intelligence platforms. Finding the right customer service...
Interactive Brokers enhances global bond offering
Interactive Brokers (NASDAQ:IBKR), an automated global electronic broker, today announced significant enhancements to its global bond offering available through the IBKR Bond Marketplace. Clients of Interactive Brokers can now access greater liquidity for global...
FPIs sell off big in financial services sector in August, BFSI News, ET BFSI
Foreign investors dumped shares in financial services companies worth ₹14,790 crore during the first-half of August. This is the highest selling by FPIs across sectors in this period. These investors sold shares worth ₹28,642 crore across 15 sectors between August 1...
Snowflake stock down on decelerating product revenue growth
Sridhar Ramaswamy, CEO of Snowflake and formerly co-founder and CEO of startup Neeva, speaks at the Collision conference in Toronto on June 21, 2022.Eóin Noonan | Sportsfile | Collision | Getty ImagesShares of Snowflake fell 13% on Thursday after the data cloud...
Japanese Yen Price Action Ideas: USD/JPY, EUR/JPY
The Japanese Yen has seen significant volatility in recent weeks, influenced by factors like US Dollar recovery and mixed Japanese economic data. USD/JPY shows potential for retesting the 150.00 level, with resistance at 146.37 and support around 143.60. EUR/JPY...
Oprah Winfrey, John Legend, Cory Booker
[The stream is slated to start at 6:30 p.m. E.T. Please refresh the page if you do not see a player above at that time.]Minnesota Gov. Tim Walz, Vice President Kamala Harris' running mate, will take center stage at the Democratic National Convention on Wednesday...
Piyush Goyal accuses e-com players of predatory pricing, FDI violation, ET BFSI
NEW DELHI: Commerce and industry minister Piyush Goyal on Wednesday accused large e-commerce players, such as Amazon, of indulging in predatory pricing to grab a bigger share and violating FDI rules, while calling for a review of policies to ensure that small shops...
Thailand’s democracy has taken another hit, but the country’s progressive forces won’t be stopped :: InvestMacro
By Adam Simpson, University of South Australia After two tumultuous weeks in Thai politics, the country has a new prime minister and new opposition party in parliament. The sweeping changes have demonstrated yet again the power of the Constitutional Court over...
BitMEX to Launch SUNDOGUSDT Perpetual Contract with 50x Leverage
Rongchai Wang Aug 22, 2024 15:21 BitMEX will list the new SUNDOGUSDT perpetual contract, offering up to 50x leverage, on 23 August 2024 at 04:00 UTC. BitMEX has announced the upcoming listing of a new perpetual...
Peloton (PTON) earnings Q4 2024
Peloton said Thursday it is digging itself out of the red and eked out a slight sales increase for the first time in nine quarters as it slashed its overall losses. The beleaguered connected fitness company, which two board members have run since former CEO Barry...
Fed’s Harker and Collins signal support for gradual rate cuts
Philadelphia Fed President Patrick Harker and Boston Fed President Susan Collins have both indicated their support for beginning a gradual reduction in interest rates, assuming no unexpected changes in economic data. Harker emphasized that the process should start...
8. Why deposits not keeping up with loans needs a rethink on tax front
Finance minister Nirmala Sitharaman’s call to state-run banks to step up deposit mobilisation has put the spotlight on an issue RBI has flagged in recent weeks.
World’s first airport to require biometric boarding to arrive in 2025
A woman tests Vueling's new biometric recognition system at El Prat airport, January 19, 2023, in El Prat de Llobregat, Barcelona, Catalonia, Spain. David Zorrakino | Europa Press | Getty ImagesAs end-of-summer travel lines back up at TSA airport checkpoints in the...
RBI allows e-mandate for auto-replenishment of FASTag, NCMC, BFSI News, ET BFSI
Mumbai, In June, the RBI announced that auto-replenishment of balances in FASTag and NCMC, which are recurring in nature but without any fixed periodicity, would be facilitated under the e-mandate framework. "It has been decided to include auto-replenishment of FASTag...
Crypto scam wrecks Kansas bank, sends CEO to prison
The former CEO of a small Kansas bank was sentenced to more than 24 years in prison for looting the bank of $47 million — which he sent to cryptocurrency wallets controlled by scammers who had duped him in a "pig butchering" scheme that appealed to his greed, federal...
Miami International Holdings announces $100M investment from Warburg Pincus
Miami International Holdings, Inc. (MIH) today announced a $100 million investment from Warburg Pincus. Subject to certain conditions, Warburg Pincus may expand its investment in MIH to support additional growth. The growth investment will accelerate the next phase of...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8487; (P) 0.8525; (R1) 0.8554; More….. Intraday bias in USD/CHF stays on the downside for the moment. Fall from 0.8747 is in progress for retesting 0.8431. Firm break there will resume whole decline from 0.9223 towards 0.8332 low. On the upside,...
Peloton to charge $95 activation fee for used bikes
Peloton on Thursday said it will start charging new subscribers a one-time $95 activation fee if they bought their hardware on the secondary market as more consumers snag lightly used equipment for a fraction of the typical retail price.The used equipment activation...
FM Sitharaman urges RRBs to ensure credit to MSMEs, BFSI News, ET BFSI
Udaipur, The review meeting focused on business performance, upgrading digital technology services, fostering business growth in MSME clusters, and deepening of financial inclusion in rural areas. The finance minister urged RRBs to generate awareness of Government...
Tax breaks are India’s lure as green debt misses bond frenzy, ET BFSI
India is making new efforts to ignite interest in its green debt as the category misses out on a torrent of foreign flows into local sovereign bonds.The nation will allow the trading of sovereign green debt from its newest finance hub in Prime Minister Narendra Modi’s...
HKMA Issues Warning on Fraudulent Websites and Phishing Messages Related to Hang Seng Bank
Jessie A Ellis Aug 22, 2024 14:32 The Hong Kong Monetary Authority alerts the public to fraudulent websites and phishing messages linked to Hang Seng Bank. The Hong Kong Monetary Authority (HKMA) has issued a...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 144.19; (P) 145.55; (R1) 146.63; More… Intraday bias in USD/JPY is turned neutral with 4H MACD crossed above signal line. The corrective structure of the fall from 149.35 dampened the original bearish view that rebound from 141.67 has completed. On...
Trump promotes family’s new crypto platform, “The Defiant Ones’
Republican presidential nominee and former U.S. President Donald Trump gestures at the Bitcoin 2024 event in Nashville, Tennessee, U.S., July 27, 2024. Kevin Wurm | ReutersFormer president Donald Trump on Thursday promoted a soon-to-launch, Trump Organization crypto...
Oprah Winfrey endorses Harris over Trump
Talk show and media icon Oprah Winfrey on Wednesday endorsed Vice President Kamala Harris for president."What we're going to do is elect Kamala Harris as the next President of the United States," Winfrey said in a speech that drew a thunderous response from the...
Waits on BoJ and Fed chief remarks :: InvestMacro
USDJPY ↓ 3% month-to-dateUeda testimony + Powell speech in focusPrices heavily bearish but RSI near oversoldBloomberg FX model: 73% – (142.70 – 148.67)Key technical level: 145.00Check this out. The USDJPY could see big price swings on Friday!That’s right, remarks by...
July home sales break 4-month losing streak as supply rises nearly 20%
A sign is posted in front of a home for sale on August 07, 2024 in San Rafael, California. Justin Sullivan | Getty ImagesClosed sales of previously owned homes rose 1.3% in July compared with June to a seasonally adjusted, annualized rate of 3.95 million units,...
NBFCs beat high cost of funds by increasing rates and reducing dependence on bank loans, ET BFSI
After facing persistent increase in funding costs non-bank lenders are looking at newer avenues of raising capital. Experts say that increasingly non-banks are diversifying away from bank lending and increasing proportion of higher yielding segments in their book."To...
Binance Launches Learn & Earn Program Rewarding Users with FET Tokens
Timothy Morano Aug 22, 2024 13:21 Binance introduces a new Learn & Earn round, offering users the chance to earn FET rewards by completing blockchain courses and quizzes. Binance has announced the latest...
US PMI composite falls to 54.1, still points to over 2% annualized GDP growth in Q3
In August, US PMI Manufacturing dropped to 48.0, the lowest in eight months, down from 49.6 in July. In contrast, PMI Services index showed a slight increase, rising from 55.0 to 55.2. PMI Composite index also declined, falling from 54.3 to 54.1, a four-month low....
Fanton Secures $1M Seed Investment to Enhance Blockchain Fantasy Football Platform
Zach Anderson Aug 22, 2024 13:42 Fanton Fantasy Football secures $1M in seed funding from Animoca Brands and others to expand its blockchain-based platform integrated with Telegram. Fanton Fantasy Football, a...
CME Group to launch new CME Term SOFR API
On Sunday, September 1, international derivatives marketplace CME Group will launch the new CME Term SOFR API, a REST API that provides access to the daily set of forward-looking interest rate estimates for 1-Month, 3-Month, 6-Month and 12-Month Tenors in real-time,...
Nancy Pelosi lauds Harris' political skill in securing nomination with 'dignity and grace'
Speaker Emerita Nancy Pelosi addressed the Democratic National Convention on the third night along with Bill Clinton, Josh Shapiro and Tim Walz.
Banks won’t send pre-debit notifications for these two types of recurring payment e-mandates, ET BFSI
The Reserve Bank of India (RBI) has announced that there will not be any pre-debit notification on auto-replenishment of FASTag and NCMC, as and when the balance falls below the preset limit.In its monetary policy meeting held in June 2024, the RBI announced the...
Sterling Surges on Strong PMI Data, BoE Likely to Hold Off on Rate Cuts Amid Resilient Growth
Sterling surged broadly today, driven by stronger-than-expected PMI data indicating that the UK economy is on track for reasonably solid growth in the third quarter. This positive economic outlook comes at a time when inflationary pressures are easing, which would...
Foreign Portfolio Investors turn net buyers, with debt segment still attracting FPI inflows, ET BFSI
New Delhi [India], August 22 (ANI): Following outflows in the first two months of Financial Year (FY) 25, Foreign Portfolio Investors (FPIs) became net buyers in the Indian financial markets, with net inflows of USD 10.8 billion in June and July 2024, according to the...
The dovish FOMC minutes supported the growth of indices. The Australian index has been growing for 10 consecutive trading sessions :: InvestMacro
By JustMarketsStocks in the US ended the session higher on Wednesday. The Dow Jones Index (US30) rose by 0.14%, while the S&P 500 Index (US500) gained 0.42%. The NASDAQ Technology Index (US100) closed positive, 0.57% yesterday. Stocks rose on Wednesday after a...
US initial jobless claims falls rises to 232k
US initial jobless claims rose 4k to 232k in the week ending August 17, matched expectations. Four-week moving average of initial claims fell -750 to 236k. Continuing claims rose 4k to 1863k in the week ending August 10, highest since November 27, 2021. Four-week...
5 things to know before the stock market opens Thursday
Here are the most important news items that investors need to start their trading day:1. Rate rallyAfter a selloff prompted by fears about the economy earlier this month, markets have largely been steady. The three major U.S. averages rose again Wednesday as investors...
Survey Reveals Top Social Media Platforms for Crypto Enthusiasts
Rebeca Moen Aug 22, 2024 12:37 A survey by CoinGecko highlights that X, Telegram, and YouTube are the primary social media platforms for crypto enthusiasts, with 84% of the community using these platforms. ...
Gold loan market projected to double in 5 years to Rs 14.19 lakh crore: PwC India, ET BFSI
India's organised gold loan market is projected to double in next five years to Rs 14.19 lakh crore despite expected moderation in growth due to stricter regulations, said a PwC India report. In fiscal 2023-24, the organised gold loan market demonstrated substantial...
Fed’s Schmid needs to see a bit more data before acting on rate cut
In a Bloomberg TV interview recorded on Wednesday and aired Thursday, Kansas City Fed Bank President Jeff Schmid emphasized the importance of waiting for additional economic data before making any decisions on rate cuts. “It makes sense for me to really look at some...
The challenge of Demo Account execution in Prop Trading
The following guest post is courtesy of Krzysztof Kapliński, Dealing Team Leader at broker platform provider Match-Trade Technologies. Krzysztof Kapliński Proprietary trading firms have emerged as a compelling alternative to traditional forex brokers. These firms...
Finance Ministry’s monthly economic review sees food inflation falling in coming months on rain bounty, ET BFSI
Food inflation in India is expected to fall in the coming months as plentiful monsoon rains have replenished water levels in reservoirs, FinMin's Department of Economic Affairs said in its monthly economic review on August 22.As per latest data, retail inflation in...
MUFG doubles down on DMI Finance investment with $334 million bet, ET BFSI
Japanese banking giant Mitsubishi UFG Financial Group (MUFG) has invested Rs 2798 crore ($334 million) in Delhi based digital lending company DMI Finance Pvt Ltd in yet another example of increasing appetite from Asia's second largest economy in India's financial...
Tim Walz says Harris will turn page on Donald Trump
Minnesota Gov. Tim Walz told the Democratic National Convention on Wednesday night that he and Vice President Kamala Harris will 'turn the page on Donald Trump.""We've got something better to offer the American people," said Walz, as he accepted the Democratic...
(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, 17-18 July 2024 22 August 2024 1. Review of financial, economic and monetary developments and policy options Financial...
Binance Adds Notcoin (NOT) to Simple Earn Locked Products with Up to 29.9% APR
Lawrence Jengar Aug 22, 2024 11:43 Binance announces the addition of Notcoin (NOT) to its Simple Earn Locked Products, offering up to 29.9% APR during the promotion period. Binance, a leading cryptocurrency...
China’s self-driving startup WeRide delays U.S. IPO as deadline looms
In this photo illustration, a WeRide logo of Chinese robotaxi firm is seen on a smartphone and a pc screen.Getty ImagesSelf-driving technology company WeRide delayed its plan for an initial public offering in the U.S., citing its need for more time to complete...
A circular economy for our energy landscapes :: InvestMacro
By Martin J. Pasqualetti, Arizona State University; Chad Walker, Dalhousie University, and Michelle Adams, Dalhousie University From cereal boxes to our distinct milk bags, Canadians have been told that one of the best things we can do for the planet is to embrace the...
India economic momentum remains intact, set to achieve 6.5-7 pc growth: Finmin Report, ET BFSI
New Delhi, India's economic momentum remains intact despite a somewhat erratic monsoon, and real GDP growth of 6.5-7 per cent projected in the Economic Survey seems appropriate, a finance ministry report said on Thursday. According to the Monthly Economic Review for...
Are banks open or closed on Monday, August 26?, ET BFSI
Banks will be closed in a few states for three days in a row starting this Saturday, August 24, 2024. Some states will observe a bank holiday on Monday, August 26 in observance of Krishna Janmashtami. Therefore, it is important for bank customers to verify if there is...
Germany’s PMI composite falls to 48.5, risk of another recession growing
Germany’s PMI data for August paints a bleak picture, with both the manufacturing and services sectors underperforming. PMI Manufacturing dropped from 43.2 to 42.1, falling short of the expected 43.5. PMI Services also declined, falling from 52.5 to 51.4, below the...
China’s ‘growing authoritarianism’ does not stop with Taiwan, says Taiwan President
Lai Ching-te, president of Taiwan, on Saturday, Jan. 13, 2024. Bloomberg | Bloomberg | Getty ImagesTaiwan's President Lai Ching-te has cautioned that China's "growing authoritarianism" will not stop with the island, and that it poses a challenge at the "global...
NFTs (Non-Fungible Tokens) and their Impact on Digital Ownership
The emergence of Non-Fungible Tokens (NFTs) is nothing less than a boon in the technology-driven era. The concept of NFTs is gradually gaining momentum in the digital landscape. The main reason for the immense popularity of NFTs is that they allow any individual to...
How to Create Great Videos and Build a Strong Brand » Succeed As Your Own Boss
#Smallbizchat Podcast LIVE is a monthly video interview show where small business owners can get answers to their questions. The focus of #Smallbizchat is to end small business failure by helping participants succeed as your own boss. Please join us live every third...
Binance Unveils $100,000 BNB Spot Trading ROI Competition
Alvin Lang Aug 22, 2024 09:51 Binance launches a limited-time spot trading ROI competition with $100,000 in BNB rewards and exclusive VIP swag. Open to all users achieving 1% ROI. Binance has announced its...
Vallée Duhamel Explores AI in Filmmaking with ‘After Light’
Zach Anderson Aug 22, 2024 10:34 Montreal-based directing duo Vallée Duhamel discusses their latest project 'After Light' and the impact of AI on their creative process. Montreal-based directing duo Vallée...
Corpay Cross-Border enters agreement with Manchester City to become their official FX partner
Corporate payments provider Corpay, Inc (NYSE:CPAY) announces that Corpay’s Cross-Border business has entered into an agreement with the current Premier League title holder, Manchester City to become their Official Foreign Exchange (FX) Partner. As part of this...
Eurozone PMI composite rises to 51.2, easing cost pressures strengthens case for ECB Sep cut
Eurozone PMI Manufacturing fell slightly from 45.8 to 45.6 in August, an 8-month low and below expectations of 46.1. In contrast, PMI Services showed a strong performance, rising from 51.9 to 53.3, surpassing the expected 52.2. This divergence led to a modest increase...
SEBI moots changes to debenture trustee norms, BFSI News, ET BFSI
New Delhi, Markets regulator SEBI on Wednesday proposed certain changes to regulations related to debenture trustees. A consultation paper has been issued to provide clarity on the term 'pecuniary relationship' of Debenture Trustee (DT) with the issuer under the...
RBI Deputy Governor, ET BFSI
Mumbai (Maharashtra) [India], August 22 (ANI): Speaking at the Annual Day of the Foreign Exchange Dealers on Thursday Swaminathan J, Deputy Governor, Reserve Bank of India (RBI) said that the financial sector should leverage digitisation in credit delivery to help...
India retained its growth momentum in Q1 of FY25, says RBI’s monthly economic review, ET BFSI
The Indian economy retained its growth momentum in the opening quarter (April-July) of the current financial year, the RBI said in its monthly economic review released on August 22.As highlighted by the report, India's key economic indicators present a positive...
What a Kamala Harris victory could mean for Europe
European Commission President Ursula von der Leyen (L) and US Vice President Kamala Harris (R) line up for the family photo at the UK Artificial Intelligence (AI) Safety Summit at Bletchley Park, in central England, on November 2, 2023.Daniel Leal | Afp | Getty...
Crypto Tug of War – Action Forex
Market picture The crypto market gained 1.7% in the last 24 hours to reach $2.14 trillion, continuing to test August’s resistance. Bitcoin rose 2.6%, while Ethereum gained 1.2%. The battle for a 10th position in the CoinMarketCap has intensified: Tron’s 5.5% drop to a...
UK competition watchdog finds Barclays in breach of Retail Banking Order
The UK Competition and Markets Authority (CMA) has sent a letter to Barclays Bank UK plc regarding breaches of Part 5 (Payment Transaction Histories) of the Retail Banking Market Investigation Order 2017. Part 5 of the Order requires banks and building societies to...
CCI nod sought for merger of Tata Motors Finance with Tata Capital, ET BFSI
Tata Capital Ltd (TCL) has sought the Competition Commission of India's (CCI) approval for its proposal to absorb Tata Motors Finance Ltd (TMFL).In a filing with the antitrust regulator last week, the company said: "The proposed transaction involves the merger of TMFL...
Balanced Integrates Injective (INJ) to Enhance Cross-Chain DeFi
Luisa Crawford Aug 22, 2024 10:06 Balanced, a cross-chain DeFi platform, integrates with Injective, introducing the bnUSD stablecoin and expanding DeFi capabilities. Balanced, a cross-chain platform enabling...
JP 225 Index: Is There More Upside on the Horizon?
JP 225 index reclaims August’s loss Short-term risk is on the positive side Will the bulls breach the 38,600-39,950 area too? Japan’s 225 stock index (cash) is trading with soft positive momentum on Thursday for the second consecutive day, hitting a three-week high of...
IMF ED KV Subramanian, ET BFSI
IMF executive director Krishnamurthy V. Subramanian speaks at a media event in New Delhi on TuesdayIndia’s economy is projected to grow to $55 trillion by 2047 if the country is able to register an average real growth rate of 8 per cent in the coming years which is an...
China’s state media slams U.S. over Biden nuclear strategy report
Wong Yu Liang | Moment | Getty ImagesChina's state media and foreign ministry quickly moved to criticize Washington, after the New York Times reported that U.S. President Joe Biden reoriented the U.S.' nuclear strategic plan in March to focus on Beijing's rapid...
British tech entrepreneur Mike Lynch found in Sicily yacht wreckage
Mike Lynch, former chief executive officer at Hewlett-Packard Co.'s Autonomy unit, speaking at a conference on Thursday, April 25, 2013. Bloomberg | Bloomberg | Getty ImagesLONDON — The body of British technology entrepreneur Mike Lynch, 59, has been retrieved from...
Nasdaq fines TradeLink Securities for alleged rule violations
The Nasdaq Stock Market LLC has published a notice of disciplinary action against TradeLink Securities, LLC. During the period of January 1, 2021 through April 16, 2021 (the “Relevant Period”), the firm violated Nasdaq Rule Equity 2, Section 5(a)(2) by failing to...
Foreign banks await Fed speak on ‘soft or hard’ landing to gauge pace of India bond flows, ET BFSI
Foreign investment in Indian bonds has held firm amid global headwinds that have roiled markets and prompted overseas players to sell local stocks. Going ahead, what will determine whether local bonds turn into overseas favourites or see some volatility is the reasons...
Glassnode Says Bitcoin Decline Is Due To Weak Spot Demand, Here Is What It Means
Bitcoin’s (BTC) bearish price action and steep declines over the past month of its trading can be attributed to weaknesses in its spot demand, as revealed by data reports from Glassnode Meanwhile, the ETFSwap (ETFS) DeFi token, selling at $0.01831 in its viral...
UK PMI data shows robust growth, easing inflation opens door for BoE rate cuts
UK’s PMI data for August showed positive momentum across both the manufacturing and services sectors. PMI Manufacturing edged up from 52.1 to 52.5, surpassing expectations of 52.2 and marking a 26-month high. PMI Services also rose from 52.5 to 53.3, above the...
Superior Game Strategy: Choosing Powers and Defeating Villains
Caroline Bishop Aug 22, 2024 08:50 Discover the best strategies for selecting powers in Superior, the game by Gala Games, to defeat supervillains and save the world. In the dynamic world of Gala Games' Superior,...
Trump clemency recipient Jonathan Braun arrested for assault
Republican presidential nominee and former U.S. President Donald Trump speaks from a bulletproof glass housing during a campaign rally, at the North Carolina Aviation Museum & Hall of Fame in Asheboro, North Carolina, U.S. August 21, 2024. Jonathan Drake |...
Sebi board likely to have new faces as Anshuman, Govil exit, BFSI News, ET BFSI
The board of the capital markets regulator, the Securities and Exchange Board of India (Sebi) will have a new look as two members exit after the end of their respective terms to make way for two incoming candidates. The Sebi chief, while also a full-time member of the...
CFTC clashes with My Forex Funds over privileged info
The lawsuit brought by the Commodity Futures Trading Commission (CFTC) against Murtuza Kazmi and Traders Global Group Inc., d/b/a “My Forex Funds”, continues at the New Jersey District Court. Recently, the parties have been engulfed in arguments over information...
How to Get Back on Track with YNAB
I’m just going to come right out and admit it: I’m bad at budgeting. And vacuuming. And putting away laundry. Maybe most of adulthood, actually? I didn’t expect to be facing such hard truths when I sat down to write this. Anyway, my intent is always good. I’ve tried...
WTI Futures Fall to a 7-Month Low
WTI futures drop to their lowest level since January 17 Momentum indicators are heavily tilted to bearish side WTI oil futures (October delivery) have been in a steady retreat following their rejection at the 200-day simple moving average (SMA) in mid-August. On...
Rupee dips; forward premiums rise amid near certainty on Fed rate cuts, ET BFSI
By Nimesh VoraMUMBAI, - The Indian rupee was marginally weaker on Thursday amid a pause in the rally in Asian peers, while forward premiums rose after Federal Reserve minutes and downward revisions to U.S. payrolls made it almostThe rupee was quoted at 83.9425 to the...
Bank of Italy chief calls for common budget for euro zone, BFSI News, ET BFSI
Fabio Panetta, the governor of the Bank of Italy emphasised the need for the euro zone to enhance investment and outline a common budget to strengthen its economy. At a conference in the Adriatic coastal town of Rimini, he said, "The idea that economic and monetary...
FX option expiries for 22 August 10am New York cut
There is just one to take note of on the day, as highlighted in bold.However, given the overarching theme in markets this week i.e. dollar weakness, the expiries for EUR/USD at the 1.1100 level may not matter too much. The pair is looking to secure a breakout as noted...
Microsoft changes reporting to boost cloud consumption visibility
Executive Chairman and CEO of Microsoft Corporation Satya Nadella speaks during the "Microsoft Build: AI Day" event in Bangkok, Thailand, May 1, 2024. Chalinee Thirasupa | ReutersMicrosoft on Wednesday updated quarterly revenue guidance for its three business segments...
Paramount-Skydance ‘go shop’ period extended to review Bronfman offer
Edgar Bronfman, Jr.Cameron Costa | CNBCThe future of Paramount Global is still uncertain.Paramount's special committee on Wednesday said it would extend by 15 days an agreed-upon "go shop" period of its merger agreement with Skydance as it reviews a competing offer...
Amanda Gorman recites her new poem, “This Sacred Scene’ at DNC
"Divided we cannot endure, but united we can endeavor to humanize our democracy and endear democracy to humanity." Gorman, 26, recited at the United Center arena in Chicago "It falls to us, to ensure that we do not fall. For a people that cannot stand together, cannot...
Dollar Continues to Slide as FOMC Minutes Confirm September Rate Cut Likely
Dollar extended its broad decline overnight following release of FOMC minutes, which confirmed that a vast majority of Fed members see a rate cut in September as appropriate. However, the market reaction was relatively muted, as this outcome has already been largely...
Enhancing Recommender Systems with Co-Visitation Matrices and RAPIDS cuDF
Jessie A Ellis Aug 22, 2024 08:15 Learn how to build efficient recommender systems using co-visitation matrices and RAPIDS cuDF for faster data processing and improved personalization. Recommender systems are...
CySEC warns of impersonator websites demanding fees for client recoveries
Cyprus financial regulator The Cyprus Securities and Exchange Commission (CySEC) has issued a statement that it has become aware of the website cysecgov.org, which has been maliciously created and does not belong to CySEC. Additionally, the email address...
Google Cloud Run Integrates NVIDIA L4 GPUs for Enhanced AI Inference Deployments
Luisa Crawford Aug 22, 2024 07:50 Google Cloud Run now supports NVIDIA L4 GPUs, NVIDIA NIM, and serverless AI inference deployments, optimizing performance and scalability for AI applications. Google Cloud Run...
Offering healthcare benefits can help MSMEs attract and retain top talent, ET BFSI
MSMEs struggle with a variety of issues because of lack of access to finance, technology and raw materials. Talent availability is also a problem, and one of the barriers in employee development and retention is the absence of health insurance coverage.“Historically,...
Fed steaming toward September rate cut, minutes from meeting show, ET BFSI
The Federal Reserve appears to be very much on track for an interest rate cut in September after a "vast majority" of officials said such an action was likely, according to the minutes of the U.S. central bank's July 30-31 meeting.The minutes, which were released on...
Inter-ministerial group to draw up MSME scheme, BFSI News, ET BFSI
NEW DELHI: The government has set up an inter-ministerial group to firm up the contours of the credit guarantee scheme for micro, small and medium enterprises (MSMEs) announced in the budget, officials said. The MSME ministry will move the scheme for the expenditure...
ECB’s Panetta: End of monetary restriction has already begun
ECB Governing Council member Fabio Panetta indicated today that the central has entered entering a phase of monetary easing following the rate cut in June. Speaking at an event, Panetta remarked, “The end of monetary restriction has already begun,” adding that...
Indian banks’ borrowings inching towards Rs 10 lakh crore amid credit-deposit gap, ET BFSI
Indian banks saw a significant increase in borrowing through market instruments, surpassing the Rs 9 lakh crore mark as of late July as they struggled to raise funds through deposits. According to data from the Reserve Bank of India (RBI), scheduled commercial banks,...
Microsoft Recall AI search for Windows Insiders releases in October
Microsoft Chair and CEO Satya Nadella speaks on the company's campus in Redmond, Washington, on May 20, 2024.Jason Redmond | AFP | Getty ImagesMicrosoft said Wednesday it will release its controversial Recall artificial intelligence search feature for Windows users to...
Bitfarms to Acquire Stronghold Digital Mining in $125 Million Deal
Iris Coleman Aug 21, 2024 17:42 Bitfarms will acquire Stronghold Digital Mining in a stock-for-stock merger valued at $125 million, expanding its energy portfolio significantly. Bitfarms Ltd. (Nasdaq/TSX: BITF),...
Using Form 8829 to Write-Off Business Use of Your Home
As a business owner, you can take advantage of deductions and write-offs to lower your tax liability when you file — but there are rules. If you use your home for business, you may be eligible for a deduction for the percentage of your home that you use exclusively as...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.1090; (P) 1.1112; (R1) 1.1151; More…. Intraday bias in EUR/USD remains on the upside for the moment. Firm break of 1.1138 resistance will target 161.8% projection of 1.0665 to 1.0947 from 1.0776 at 1.1232. On the downside, below 1.1071 minor...
RBI’s new guidelines may hit investments, growth, but bring transparency, ET BFSI
The Reserve Bank of India's (RBI) recent overhaul of regulations for Peer-to-Peer (P2P) lending platforms is poised to reshape the industry, potentially leading to a decline in new investments and subdued growth. However, lenders and borrowers might benefit from...
Harris CEOs pitch at DNC business policy
CHICAGO — Vice President Kamala Harris' allies in the business community are privately making a pitch to CEOs about why they should back her over former President Donald Trump, according to people familiar with the matter.At private parties and meetings during the...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2989; (P) 1.3020; (R1) 1.3067; More… Intraday bias in GBP/USD remains on the upside with focus on 1.3043 resistance. Decisive break there will resume whole rally from 1.2998 to 61.8% projection of 1.2298 to 1.3043 from 1.2664 at 1.3124, which is...
Tether (USDT) to Launch UAE Dirham-Pegged Stablecoin in Collaboration with Phoenix Group
Luisa Crawford Aug 21, 2024 18:16 Tether announces plans to introduce a stablecoin pegged to the UAE Dirham (AED), in partnership with Phoenix Group and Green Acorn Investments. Tether, the largest company in...
The curious case of banking sector performance, BFSI News, ET BFSI
The first quarter earnings season for fiscal year 2025 (Q1FY25) drew to an end. The financial results were quite lacklustre.The overall data from the Nifty 500 Index shows a year-over-year (YoY) revenue growth of 6.6%, an operating profit increase of 3.3% YoY, and a...
Lil Jon, Beyoncé, Taylor Swift, Dolly Parton
Lil Jon performs during the roll call on Day 2 of the Democratic National Convention (DNC) at the United Center, in Chicago, Illinois, U.S., August 20, 2024. Elizabeth Frantz | ReutersThe Democratic National Convention changed its tune this election year, getting...
USD/CHF Mid-Days Outlook – Action Forex
Daily Pivots: (S1) 0.8507; (P) 0.8572; (R1) 0.8605; More….. USD/CHF’s fall from 0.8747 is still in progress and intraday bias remains on the downside for retesting 0.8431. Firm break there will resume whole decline from 0.9223 towards 0.8332. On the upside, above...
L&T Finance partners with Cred to offer fast, unsecured personal loans, ET BFSI
L&T Finance has partnered with Cred to offer unsecured personal loans to Cred members who have high credit score and positive repayment history.L&T Finance (LTF) will be offering these loans with its co-lending partner Newtap Finance, a non bank finance...
Sunset Market Commentary – Action Forex
Markets The ‘waiting game’ continued today in Europe and at the onset of the US trading session, counting down in the first place to today’s BLS payrolls revisions and to the Minutes of the Fed July 31 policy meeting later today. Even the $16 bn sale of 20-y US...
ElevenLabs Launches Reader App in 32 Languages Globally
Rebeca Moen Aug 21, 2024 17:16 ElevenLabs' Reader App is now available worldwide on iOS and Android, supporting 32 languages and high-quality AI voices. ElevenLabs has announced the global launch of its Reader...
CFTC seeks to revoke registrations of Purvesh Mankad, CTAX Partners and CTAX Series
The Commodity Futures Trading Commission (CFTC) today announced it commenced actions to revoke the registrations of Purvesh Mankad, and his affiliated entities CTAX Partners, LLC and CTAX Series, LLC. The CFTC’s actions are based on the injunctions entered and...
Yen Heads for a New Round of Growth
Since the end of last week, the Yen has regained ground against the Dollar and the Euro in what looks like a new round of appreciation. So far, this seems to be an independent theme for the Yen’s rise, without any deterioration in sentiment in the equity and bond...
BitMEX Introduces DOGS Pre-Launch Futures Contracts with 2x Leverage
Tony Kim Aug 21, 2024 16:55 BitMEX has listed DOGSUSDTQ24, a pre-launch futures contract for DOGS memecoin on TON, offering up to 2x leverage. DOGS, the upcoming memecoin on the TON blockchain, is now available...
S&P Global Market Intelligence, ET BFSI
New Delhi [India], August 21 (ANI): The banking sector in India could face "significant" liquidity risks due to the ongoing widening gap between credit and deposit growth, said S&P Global Market Intelligence.The gap between credit growth and deposit growth at...
Barack Obama, Doug Emhoff, Michelle Obama headliners
[The stream is slated to start at 6:30 p.m. E.T. Please refresh the page if you do not see a player above at that time.]The second night of the convention is billed as a moment for the Democratic party to look forward into the future, after a chaotic summer that...
GAMEE Secures Investment from Pantera Capital to Boost TON Ecosystem Presence
Iris Coleman Aug 21, 2024 16:37 GAMEE, a subsidiary of Animoca Brands, receives investment from Pantera Capital to expand its presence on The Open Network (TON) via its viral game WatBird. GAMEE, the mobile...
US job growth revised down by -818k in largest payroll adjustment dince 2009
According to a report from the US Bureau of Labor Statistics, the economy created -818k fewer jobs than initially reported in the 12-month period through March 2024. This significant revision means that actual job growth was nearly -30% less than the originally...
Inflationary pressures are easing in Canada. Riksbank cut interest rate by 0.25% :: InvestMacro
By JustMarketsOn Tuesday, stocks in the US ended the session lower. The Dow Jones Index (US30) was down 0.15%, while the S&P 500 Index (US500) fell by 0.20%. The NASDAQ Technology Index (US100) closed negative 0.33%. Volatility increased ahead of the upcoming...
Rupee closes higher boosted by inflows, broadly weaker dollar, ET BFSI
The Indian rupee ended stronger on Tuesday, lifted by likely inflows and a slump in the dollar index that helped Asian currencies across the board.The rupee closed at 83.7925 against the U.S. dollar, up nearly 0.1% from its close of 83.87 in the previous session.The...
Soft-Landing, or No Soft-Landing, That Is the Question: Part III
Part III: A New Toolkit To Predict Soft-Landings, Stagflation and Recessions Summary In the third installment of this series, we introduce a probit framework to generate four-quarter-out probabilities of three scenarios: recession, stagflation and soft-landing....
Kamala Harris raises nearly $500 million
Democratic presidential candidate and U.S. Vice President Kamala Harris applauds as U.S. President Joe Biden speaks during Day one of the Democratic National Convention (DNC) in Chicago, Illinois, U.S., August 19, 2024. Mike Segar | ReutersVice President Kamala Harris...
New AI tools are coming to MyChart, Cosmos
Epic's Deep Space auditorium during UGM 2024.Courtesy: Epic SystemsIn an underground auditorium packed with thousands of health-care executives this week, Epic Systems CEO Judy Faulkner stepped on stage to deliver a keynote dressed like a swan, feathers and all.Even...
Precious Mettle :: InvestMacro
“The desire for gold is the most universal and deeply rooted commercial instinct of the human race.” – Gerald M. LoebGerald M. Loeb was a founding partner of the famous brokerage house E.F. Hutton, where he honed his skills as a Wall Street trader and investment...
VanEck’s Insights on Digital Assets: Market Observations and Analysis
Alvin Lang Aug 21, 2024 15:26 VanEck's Head of Digital Assets Research, Matthew Sigel, shares market insights and analysis on cryptocurrencies and digital asset technologies. VanEck's Head of Digital Assets...
Problems of over-lending in microfinance surface again, BFSI News, ET BFSI
The fault lines of overleveraging in microfinance has come to the fore again, a little over two years after the Reserve Bank of India brought out the uniform microfinance regulation trying to curb the possibility of it.Leaders in the microfinance sector pointed...
Bitcoins (BTC/USD) Steady Range: Mt Gox Impact and Future Outlook
Bitcoin prices are currently range-bound, the range between 56,561 and 61,750 is keeping both buyers and sellers cautious. Mt. Gox moved 13,265 Bitcoins totaling and estimated $780 million. The first major move by the bankrupt exchange since July 30. According to...
Blinken wraps up Mideast trip with Gaza deal still elusive
U.S. Secretary of State Antony Blinken speaks to the press, in Doha, Qatar, August 20, 2024. Kevin Mohatt | ReutersU.S. Secretary of State Antony Blinken sought during a whirlwind trip to the Middle East to inject urgency into efforts to broker a Gaza ceasefire deal,...
Trustly appoints Adam D’arcy as CPO
Trustly, Inc., a provider of open banking payments, today announced the appointment of Adam D’arcy as Chief Product Officer. Adam D’arcy Trustly looks to reinforce its product team by bringing on D’arcy to lead several upcoming product expansions for Open Banking...
Highest Fixed Deposit Rates: Private vs Public sector banks FD interest rates compared
Highest Fixed Deposit Interest Rates: Fixed deposits (FDs) offered by banks are secure and interest-generating investment options. With FDs, you can expect a guaranteed return on your invested funds, which remain unaffected by market fluctuations. This is the reason...
EUR/USD Outlook: Bulls Taking a Breather Under New 2024 High, Eye Fresh Signals from Fed
EURUSD reduced speed after steep rally in past three days which hit new 2024 top (1.1132) just ticks ahead of Dec 2023 top (1.1139). The single currency continues to benefit from risk appetite and weak dollar on Fed rate cut expectations, with release of FOMC minutes...
Binance to Delist Several Spot Trading Pairs Including ARKM/TUSD and CHZ/EUR
Ted Hisokawa Aug 21, 2024 14:21 Binance announces the removal of several spot trading pairs, including ARKM/TUSD and CHZ/EUR, effective August 23, 2024. Binance, a leading cryptocurrency exchange, has announced...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 144.53; (P) 145.94; (R1) 146.67; More… Intraday bias in USD/JPY remains mildly on the downside for the moment. Rebound from 141.67 could have completed at 149.35 after rejection by 38.2% retracement of 161.94 to 141.67 at 149.41. Deeper fall would...
Brent Oil Falters Amid Surprising Inventory Growth and Geopolitical Developments :: InvestMacro
By RoboForex Analytical DepartmentBrent crude oil has seen a decline to 77.07 USD a barrel on Wednesday, influenced by unexpected shifts in U.S. energy inventories and ongoing geopolitical developments. The analysis of Brent prices highlights key factors contributing...
Arizona, Montana abortion rights constitutional measures on ballots
Members of Arizona for Abortion Access, the ballot initiative to enshrine abortion rights in the Arizona State Constitution, hold a press conference and protest condemning Arizona House Republicans and the 1864 abortion ban during a recess from a legislative session...
Target CEO Brian Cornell weighs in on price gouging
There's no room for price gouging in a ultra-competitive business like retail, Target CEO Brian Cornell said on Wednesday.In an interview on CNBC's "Squawk Box," the retail chief disputed campaign talking points accusing grocers of inflating prices. He said retailers...
FDI inflows increase 26% in Q1 amid signs of pickup globally, BFSI News, ET BFSI
NEW DELHI: Foreign direct inflows went up 26.4% to $22.4 billion during April-June, marking the fastest pace of expansion in nearly five quarters, amid signs that cross-border investment is rising globally.Although gross inflows had gone up around 23% in the previous...
Hong Kong Monetary Authority Announces Tender Results for PBOC RMB Bills
Lawrence Jengar Aug 21, 2024 13:21 The Hong Kong Monetary Authority (HKMA) announced the results of the tenders for the People's Bank of China (PBOC) RMB Bills held on 21 August 2024. The Hong Kong Monetary...
GBP/USD Hits 1-Month High, UK PMIs Next
The British pound is showing limited movement on Wednesday, after a four-day rally in which it surged 1.7% against the retreating US dollar. GBP/USD is trading at 1.3047 in the North American session at the time of writing, up 0.1% on the day. All eyes on Jerome...
HKMA Warns Public About Fraudulent Websites and Phishing Messages Linked to Bank of China (Hong Kong)
Jessie A Ellis Aug 21, 2024 13:52 The Hong Kong Monetary Authority (HKMA) alerts the public about fraudulent websites and phishing messages linked to Bank of China (Hong Kong). The Hong Kong Monetary Authority...
Ford delays new EV plant, cancels electric three-row SUV
DETROIT – Ford Motor is delaying production of a next-generation all-electric pickup truck at a new plant in Tennessee and canceling plans for a three-row electric SUV, the company said Wednesday.Instead, Ford said it will prioritize the development of hybrid models,...
NinjaTrader names Tobin McDaniel its new President
Fintech platform for retail futures trading NinjaTrader today announced that Tobin McDaniel has joined the company as President. Tobin’s appointment is the latest in NinjaTrader’s wave of executive hires and reaffirms the company’s commitment to continue building a...
IMF executive director, ET BFSI
India's private sector needs to play its part to ensure a sustainable 8% real GDP growth, which would be key to achieve a $55 trillion economy by 2047, International Monetary Fund executive director Krishnamurthy Subramanian said.The economist has projected the Indian...
Bernie Sanders DNC speech contrast to Harris on liberal policies
Sen. Bernie Sanders, I-Vt., spent his primetime appearance at Tuesday night's Democratic National Convention laying out his own policy priorities — even ones that he knows diverge from Vice President Kamala Harris' campaign platform."We need to join the rest of the...
evfin partners with River Mobility to offer financing solutions, ET BFSI
evfin to offer River customers loans starting at a competitive interest rate.New Delhi: Greaves Finance Limited, a non-banking financial company (NBFC) and a subsidiary of Greaves Cotton Ltd., has partnered with Bengaluru-based startup River Mobility Private Ltd. to...
Dollar Continues to Struggle Amid Market Lull
The forex markets are experiencing a lull today, with little movement in the absence of significant economic releases during European and early US sessions. The much-discussed non-farm payroll revision and the release of FOMC minutes later today are unlikely to spark...
As strength training grows, Peloton and Planet Fitness shift focus
Shauntil Cox lifts weights with the help of her trainer, Deano Troost, at a Planet Fitness in New Caney, Texas, on Sept. 19, 2023.Jason Fochtman | Houston Chronicle | Hearst Newspapers | Getty ImagesA growing share of gym users is looking to build muscle, leading...
Pet Odor Product Continues to Be Lucrative for Clean Tech Co. :: InvestMacro
Source: Streetwise Reports (8/19/24)Clean technology company BioLargo Inc. (BLGO:OTCQX) continues to see rising revenues with strong year-over-year and quarter-over-quarter growth, an analyst wrote in an updated research note on Friday.The company this week announced...
Aditya Birla Finance and AU Small Finance Bank Launch Co-branded Credit Cards with Significant Reward Benefits for Customers, ET BFSI
NewsVoirMumbai (Maharashtra) [India], August 21: Aditya Birla Finance Limited ("ABFL"), a wholly owned subsidiary of Aditya Birla Capital, India's leading financial services conglomerate and AU Small Finance Bank Limited (SFB), India's largest small finance bank, has...
BTTC Empowers Democratic Voting with New Smart Contract
Ted Hisokawa Aug 21, 2024 12:49 Explore the innovative voting smart contract on BitTorrent Chain (BTTC), designed to enhance transparency and security in elections. BitTorrent Inc. has unveiled a new voting...
WTI Outlook: Bears Taking a Breather After the Latest Acceleration
Bears are taking a breather after the latest bearish acceleration in past three days (oil price was down 5%) deflated by easing tensions in the Middle East and rise in US crude stocks (API report). Oversold daily studies and Tenkan-Kijun-sen turned sideways,...
Obama praises Kamala Harris and Biden, blasts Trump
Former President Barack Obama on Tuesday night told the Democratic National Convention that "America is ready for a new chapter" and "we are ready for President Kamala Harris.""And Kamala Harris is ready for the job," said Obama, who preceded the vice president's...
TJX Companies (TJX) earnings Q2 2025
TJX Companies raised its full-year guidance on Wednesday after posting another quarter of strong sales, but its outlook still fell just short of Wall Street's expectations.The discounter behind Marshalls, HomeGoods and TJ Maxx is now expecting full-year earnings to be...
Euro Drifting as Investors Eye Fed Minutes
The euro is calm on Wednesday after an impressive 3-day rally which saw EUR/USD jump 1.4%. Will the upswing continue? In the European session, EUR/USD is trading at 1.1220 at the time of writing, down 0.08% on the day. ECB likely to lower rates in September despite...
Blockchain startup Story raises funds from a16z to stop IP theft by AI
Generative AI models require huge amounts of training data to enable their systems to produce advanced outputs. But the data that goes into them is often from sources where copyright restrictions are in place.Cfoto | Future Publishing | Getty ImagesSan-Francisco-based...
Bitfarms to acquire Stronghold Digital Mining
Bitfarms Ltd, a Bitcoin data center company, and Stronghold Digital Mining, Inc have entered into a definitive merger agreement under which Bitfarms will acquire Stronghold in a stock-for-stock merger transaction. The transaction is valued at approximately US$125...
NRI deposits surge $4 billion in Q1 in contrast with a 24% drop in outward remittances, ET BFSI
Overseas Indians deposited approximately $4 billion into non-resident Indian (NRI) deposit schemes between April and June FY25, representing a significant 79% increase compared to the same period last year, as per data from the Reserve Bank of India (RBI) released on...
Judge strikes down Biden administration ban on worker ‘noncompete’ agreements
U.S. President Joe Biden speaks to the media after the Democratic National Convention (DNC) in Chicago, Illinois, U.S. August 20, 2024. Craig Hudson | ReutersA federal judge in Texas on Tuesday barred a U.S. Federal Trade Commission rule from taking effect that would...
India Leverages NVIDIA AI to Automate Tollbooth Operations, Reducing Traffic Congestion
Caroline Bishop Aug 21, 2024 11:54 India implements NVIDIA AI to automate tollbooths, aiming to reduce traffic congestion and improve efficiency across the country's extensive road network. India, home to the...
How macroeconomic indicators performed in July 2024?, ET BFSI
The full Union Budget 2024 was released on 22nd July, and the day before India’s Economic Survey forecasted the GDP growth at 6.5-7 per cent. Retail Inflation in India decreased to 5.4 per cent in FY24 to 6.7 per cent in FY23, the current account deficit also improved...
EURUSD Bulls Stay in Charge
EURUSD extends rally, hits 1.1130 But oscillators point to fading momentum A setback may be possible before the next leg north EURUSD has been in a steady rally since August 15, when it hit support at 1.0950, and it is currently testing the key resistance zone of...
Top global ranking for RBI governor recognition of his leadership: PM Modi, ET BFSI
New Delhi, Prime Minister Narendra Modi on Wednesday congratulated RBI Governor Shaktikanta Das on receiving top rating in a global ranking of central bankers, lauding it as a recognition of his leadership. He said on X, "Congratulations to RBI Governor Shri...
AI pioneers want bots to replace human teachers – here’s why that’s unlikely :: InvestMacro
By Annette Vee, University of Pittsburgh OpenAI co-founder Andrej Karpathy envisions a world in which artificial intelligence bots can be made into subject matter experts that are “deeply passionate, great at teaching, infinitely patient and fluent in all of the...
CCI clears Rs 4,630 cr deal between Warburg Pincus, Shriram Housing Finance, ET BFSI
The Competition Commission of India (CCI) has cleared Warburg Pincus' acquisition of Shriram Housing Finance through its affiliate Mango Crest Investment. The deal value was earlier pegged at Rs 4,630 crore.In a statement on Tuesday, the antitrust regulator said the...
Gold Bulls May Rest after Record High
Gold pulls below record high; might give up more ground Market trend stays positive as long as price holds above 2,463 Gold lost momentum after unlocking an all-time high of 2,531 on Tuesday near the rising constraining line drawn from July’s low, but it maintained...
Macy’s (M) Q2 2024 earnings
Macy's cut its full-year sales forecast Wednesday, as the department store operator said it is contending with selective shoppers and more promotions.The retailer posted a mixed quarter, as it topped Wall Street's earnings expectations but missed on revenue.Macy's...
Former Trump backers backing Harris explain why
Former Trump White House Press Secretary Stephanie Grisham speaks during Day 2 of the Democratic National Convention (DNC) in Chicago, Illinois, U.S., August 20, 2024. Mike Segar | ReutersThree Republicans took the Democratic National Convention stage on its second...
